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The Recorder

Litigation Involving Failed Banks: What Litigators and In-House Counsel Should Be Thinking About

"Bank failures are rare and, given the size of these failures and the government's unusual response, these in particular will likely raise novel issues," says Complex Appellate Litigation Group's Reno Fernandez.
5 minute read

Corporate Counsel

SVB's Failure May Stymie Funding for Some Startups

"The most important thing is it seems like payroll is going to get hit on time, but there are still plenty of things to be concerned about," said Healy Jones, vice president of financial strategy at the accounting firm Kruze Consulting.
7 minute read

New York Law Journal

Class Action Suit Against Signature Bank, Former Executives Filed in Brooklyn Federal Court

The lawsuit, which accuses officers of making false statements that artificially inflated the value of its securities, is believed to be the first civil suit filed against the bank.
3 minute read

Corporate Counsel

As SVB's Risks Skyrocketed, Bank Let Chief Risk Officer Post Sit Vacant for Months

"It's like having an airplane without a pilot or a ship without a captain. It will move, but to what direction?" said Charles Elson, a retired professor of corporate governance at the University of Delaware.
6 minute read

Legaltech News

Due Diligence Strategies Under Hong Kong's New Cryptocurrency Rules

Under new rules going into effect June 1, 2023, the Hong Kong cryptocurrency market will be opened to retail investors, while cryptocurrency exchanges are required to obtain virtual asset service provider, or VASP, licenses.
5 minute read

Corporate Counsel

SVB's Implosion Has Tech Companies Reeling. Here's What They Should Do

"The board, the c-suite, are all going to be looking at the lawyers and my guess is this is a once in a lifetime crisis, so you want to make sure you have people you can count on on your legal team," said three-time general counsel Sterling Miller.
8 minute read

Corporate Counsel

SVB GC Michael Zuckert in the Eye of the Storm Amid Bank Collapse

"He's got to be at the table, because this is one of those situations where he's either at the table, or the bank is on the menu," said Holland & Knight partner Rich Gold.
4 minute read

Law.com

In AccessLex Suit Over Law Student Loan Default, 'Limitation Period Didn't Start' Until Last Payment Toward $140K+ Balance, Court Says

"Faced with this conflicting and rather spare evidentiary record, we perceive no error in the court's determination that Philpot had failed to carry his burden of proving that lender's cause of action arose in any particular state other than Utah," stated Harris.
5 minute read

Delaware Business Court Insider

New Suit Accuses Bank of Interfering with Director Nomination

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

Texas Lawyer

This Ruling in an $11.5M Case Could Affect a 'Sea of Filings' in Multiple States

"There is a sea of Balboa Capital filings on the docket daily, and only time will tell how many loans were made on that form of loan agreement and suffer from the same defect," attorney Dana Campbell said.
4 minute read

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