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The Recorder

Will 'Deeper Problems' Emerge? Attorneys Forecast Litigation Against Silicon Valley Bank

Attorneys expect to see more litigation soon from investors and depositors claiming failures in disclosures, internal controls and corporate governance.
7 minute read

Corporate Counsel

'It Was a Bunch of Spooked Wildebeests': How Tech GCs Survived the SVB Panic

"This bank was very helpful to the tech community. Dealing with mainstream traditional banks for early stage startups is going to be way more burdensome," said Manuel Martinez-Herrera, GC of BetterCloud.
9 minute read

Corporate Counsel

Goldman Sachs Legal Chief Sees Compensation Climb 35%

Kathryn Ruemmler received an $11.4 million stock grant that more than offset a decline in her bonus. Her salary held steady at $1.5 million.
2 minute read

National Law Journal

Experts Warn of Enforcement, Criminal Action Against SVB as Civil Cases Mount

While investigations are yet to be confirmed, SEC Chair Gary Gensler released a statement earlier this week that warned he was watching for anything unscrupulous in the wake of SVB's closure and federal takeover.
4 minute read

New York Law Journal

Trial for JPMorgan Chase Over Epstein Ties Is Scheduled for October

The bank faces a proposed class action suit from the victims of Jeffrey Epstein, filed by Boies Schiller Flexner and Edwards Pottinger attorneys, and a suit filed by the U.S. Virgin Islands.
3 minute read

The Legal Intelligencer

Dechert Hires Financial Regulatory Specialist From K&L Gates in Boston

Michael McGrath foresees "fundamental change" for the financial services industry, thanks to "an enormously active SEC rulemaking agenda."
3 minute read

Delaware Business Court Insider

Mobile Payments Company Alleges Laundry Machine Operator Faked Partnership Move to Develop Competing System

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

Law.com

Inside Track: What SVB's Collapse Should Tell Us About Risk

"Behind the fancy facade, depositors never really know how safe their money is, and when fear starts to spread, depositors run to get their money out," London School of Economics' Jon Danielsson, Robert Macrae and Nikola Tchouparov wrote this week.
5 minute read

New York Law Journal

How Do Fintech and Other Startups Protect Themselves After 2 Historic US Bank Failures?

The most obvious suggestion legal and financial advisers might provide their clients is to, where possible following recent, historic bank collapses, diversify, says an attorney who advises businesses that deal in digital assets.
6 minute read

Corporate Counsel

Silicon Valley Bank Collapse Highlights Risk of Stuffing Deposits in One Bank

"I'm getting a lot of calls from clients concerned about having too much money concentrated in one bank," said Dolph Hellman, an Orrick Herrington & Sutcliffe partner.
5 minute read

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