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In recent years, diversity and inclusion (D&I) in the financial services sector has become a focus for regulators around the world. [read post]
13 Feb 2023, 5:59 am by Kevin LaCroix
For example, on August 5, 2022, the FTC issued final approval to a Consent Agreement regarding the acquisition of SAGE Veterinary Partners LLC (“SAGE”) by private equity fund JAB Consumer Partners SCA SICAR (“JAB”). [read post]
19 Jan 2023, 12:49 pm by Kevin LaCroix
. *************** In 2023, as the Federal Reserve’s strict anti-inflationary regime continues to shape America’s capital markets, a high likelihood of an increase in frequency of securities class actions exists as global economic contraction punishes unsustainable business models that have failed to meet optimistic investor expectations. [read post]
4 Nov 2022, 5:37 am by Kevin LaCroix
  Of the 25 listed, five are new since ISS SCAS issued its last report, including three of the top ten, and most notably, the February 2022 Steinhoff Holdings NV global settlement, which is the largest of all time outside North America. [read post]
13 Oct 2022, 1:55 pm by Kevin LaCroix
-listed companies during the second quarter, compounded by high litigation exposure and potential claim severity of private Rule 10b-5 securities class actions, leaves insurance carriers and issuers facing a post-pandemic economic contraction as corporate America grapples with the arduous institutionalization of environmental, social and governance amid a new Cold War.[1]   During the four-year period between the third quarter of 2018 and the third quarter of 2022, the aggregate market… [read post]
22 Sep 2022, 5:01 am by Aaron R. Cooper
  With the rise of these two Americas, it is increasingly likely that protective states will create new barriers against criminalizing-state requests that target the digital privacy of reproductive health decisions and implicate the protective state’s jurisdiction, with California the first state likely to pass such restrictions. [read post]
10 Jun 2022, 7:22 am by Kristian Soltes
When he discovered that wasn’t the case and that his money was gone, Bank of America refused to reimburse him for the loss, he alleges in his lawsuit filed on May 27 in U.S. [read post]
22 Apr 2022, 6:18 am by Kristian Soltes
Wawa said that Mastercard slapped a “purported incident-related penalty” on Bank of America NA in violation of Mastercard’s agreement with Bank of America as well as the laws governing the contract. [read post]
18 Mar 2022, 8:56 am by Zak Gowen
Merchants Risk Losing Customers as New UK SCA Rules Kick OffPYMNTS – March 14, 2022 On Monday, March 14, new strong customer authentication (SCA) rules will apply in the U.K. and merchants that didn’t implement these new rules risk customer purchases being declined. [read post]
If you’re concerned about your general lack of privacy rights living in America, you are not alone. [read post]
11 Nov 2021, 2:07 pm by Kevin LaCroix
  SCA loss mitigation will limit unfavorable development overhangs of more current SCA vintages on future and potential ESG-related claims. [read post]
29 Sep 2021, 12:39 pm by Kevin LaCroix
Since the Morrison decision in the US over a decade ago, an increase in class and group actions outside of North America has occurred. [read post]
15 Jul 2021, 2:54 pm by Kevin LaCroix
. *************************   Private enforcement of the federal securities laws is mission-critical to sustain the transparency of America’s capital markets and uphold the rules of engagement between public corporations and shareholders that trust directors and officers to lead these institutions on their behalf. [read post]
27 May 2021, 9:15 am by Kristian Soltes
The new 14 March 2022 deadline is the latest we expect full SCA compliance for e-commerce transactions. . . . [read post]
24 Mar 2021, 1:46 pm by Kevin LaCroix
  In creating its Top 50 ranking, ISS SCAS reviewed 113 approved securities class action settlements approved in calendar year 2020 within North America, which collectively represented $3.38 billion in settlement funds. [read post]
22 Mar 2021, 2:48 pm by Kevin LaCroix
Foreign defendants in SCAs increased from a low of 29 in 2014 to a high of 67 in 2020. [read post]
12 Jan 2021, 2:19 pm by Kevin LaCroix
  In today’s restricted business environment, the trial bar is winning a costly multi-front war on directors and officers that are focused on managing public corporations to get America back to work in the wake of the COVID-19 pandemic. [read post]
16 Oct 2020, 9:00 am by Kristian Soltes
For example, in some cases, the OBeP process has involved numerous redirects and excessive security measures, such as requiring customers using a PISP to go through two or more Strong Customer Authentication (SCA) processes. [read post]