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Texas Debt Suit Defense 101

Covers credit card and other debt suit litigation in Texas from the defense side, including substantive legal and evidentiary issues, and comparative analysis of pleadings, legal theories, and litigation strategy. By Wolfgang Demino.

http://debt-suit-litigation-in-texas.blogspot.com

Sep 25
FDCPA class action certified by USDC in Illinois against student loan collector NCO Financial Systems, now known under a different name, and collection law firm

FDCPA class action certified by USDC in Illinois against student loan collector NCO Financial Systems, now known under a different name, and collection law firm

ERICK MARQUEZ, IRAIDA GARRIGA, and DORIS RUSSELL, on behalf of plaintiffs and a class, Plaintiffs, v. WEINSTEIN, PINSON & RILEY, P.S., EVAN MOSCOV, and EGS FINANCIAL CARE, INC., formerly known as NCO FINANCIAL SYSTEMS, INC.,…
Sep 24
Featured Debt Collector: Nicole Hillman, Garnishor-in-Chief for National Collegiate Student Loan Trusts in Texa

Featured Debt Collector: Nicole Hillman, Garnishor-in-Chief for National Collegiate Student Loan Trusts in Texa

GARNISHEE .... GREETINGS Featured Debt Collector of the Month: Nicole Hillman, Garnishor-in-Chief of student-borrowers' bank accounts for the National Collegiate Student Loan Trusts in Texas Nicole Hillman is the attorney who…
Sep 22
NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up

NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up

On Sep. 18, 2017 the CFPB issued an administrative CONSENT ORDER that requires Transworld Systems, Inc. (TSI), the “special servicer” of the National Collegiate Students Trusts for defaulted loans, to clean up its act. See the…

Rank this Week: 72

Securities Law Blog

Features news, commentary and thoughts on the law of the securities markets. By Mark Astarita.

http://seclaw.blogspot.com/

Sep 25
SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investor

SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investor

The Securities and Exchange Commission today announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will…
Sep 22
Pharmaceutical Company Paying Penalty for Misleading Investors About Sales Metric

Pharmaceutical Company Paying Penalty for Misleading Investors About Sales Metric

The Securities and Exchange Commission today filed fraud charges against a Massachusetts-based biopharmaceutical company that exaggerated how many new patients actually filled prescriptions for an expensive drug that was its sole source of…
Sep 22
SEC Announces Agenda for October 12 Investor Advisory Committee Meeting

SEC Announces Agenda for October 12 Investor Advisory Committee Meeting

The Securities and Exchange Commission today announced the agenda for the October 12 meeting of its Investor Advisory Committee. The meeting will begin at 10 a.m. in the Multipurpose Room at SEC headquarters at 100 F Street, N.E.,…

Rank this Week: 2512

Jim Hamilton's World of Securities…

Jim Hamilton's World of Securities Regulation

Commentaries on security regulation.

http://jimhamiltonblog.blogspot.com/

Sep 25
EC issues plan to revise EU financial industry supervision, give more power to ESMA

EC issues plan to revise EU financial industry supervision, give more power to ESMA

By John Filar AtwoodIn an effort to further the transition to a capital markets union with integrated financial supervision, the European Commission has issued plans to reform the European Union’s financial industry supervisory…
Sep 22
CFTC pursues its first action against alleged Bitcoin Ponzi operator

CFTC pursues its first action against alleged Bitcoin Ponzi operator

By Brad Rosen, J.D.The CFTC has filed a civil enforcement action in the U.S. District Court in the Southern District of New York against defendants Nicholas Gelfman of Brooklyn, New York, and his company, Gelfman Blueprint, Inc. (GBI), a New…
Sep 21
New C&DIs target Regulation D and Rule 147

New C&DIs target Regulation D and Rule 147

By Mark S. Nelson, J.D.The SEC’s Division of Corporation Finance issued a set of new and revised Compliance & Disclosure Interpretations covering various aspects of Regulation D and Securities Act Rule 147. Regulation D had been…

Rank this Week: 2514

TheCorporateCounsel.net Blog

Covers corporate and securities law. By Broc Romanek.

http://www.thecorporatecounsel.net/Blog/

Sep 25
Rule 147/Reg D CDIs: The Staff Giveth…and Taketh Away

Rule 147/Reg D CDIs: The Staff Giveth…and Taketh Away

Last week, Corp Fin tweaked a number of the Securities Act Rules CDIs to reflect the amendments to Rules 147 & 504, the repeal of Rule 505, & to make non-substantive changes that correct outdated references. It also gave the axe to…
Sep 22
The SEC (& Corp Fin) Issue Boatloads of New Pay Ratio Guidance

The SEC (& Corp Fin) Issue Boatloads of New Pay Ratio Guidance

Yesterday, the SEC – and Corp Fin – unleashed a torrent of guidance on the pay ratio rule – including this 7-page interpretive release, this detailed guidance from Corp Fin on calculating pay ratios – and one new, one…
Sep 21
Wow! Edgar Hacked!

Wow! Edgar Hacked!

Last night, SEC Chair Jay Clayton issued a statement on cybersecurity disclosing a 2016 hack of the SEC’s Edgar system. Here’s an excerpt: In August 2017, the Commission learned that an incident previously detected…

Rank this Week: 151

Financial Institutions Legal…

Financial Institutions Legal Snapshot

Covers banking, finance and insurance law in South Africa. By Norton Rose Fulbright.

http://www.financialinstitutionslegalsnapshot.com/

Sep 25
Be careful how you draft resolutions empowering someone to sign

Be careful how you draft resolutions empowering someone to sign

A resolution in favour of one of three trustees by which he was ‘authorised to sign the necessary documentation’ could not be construed as a general authority to enter into contracts. In the context it was held that this…
Sep 25
Shooting of wife not covered by employers liability policy (USA)

Shooting of wife not covered by employers liability policy (USA)

A Florida jury found that an insurer did not have to provide an indemnity under a general commercial liability policy of a cable installation company when the sole member and employee of the business went home on his customary mid-morning…
Sep 20
Aggregation of claims for related transaction

Aggregation of claims for related transaction

Where a policy aggregated claims for ‘similar acts or omissions in a series of related matters or transactions’ the enquiry was whether there was a real connection between the transactions in which they occurred. The use of the…

Rank this Week: 1234

Regulation tomorrow

By Norton Rose Fulbright. Offers resources on the global financial services regulatory environment. It reports on financial services regulatory developments and provides insights and commentary across Africa, Asia, Australia, Canada, Europe and the United States.

http://www.regulationtomorrow.com/

Sep 22
FCA Occasional Paper on ageing population and financial service

FCA Occasional Paper on ageing population and financial service

The FCA has published Occasional Paper No. 31 on the ageing population and financial services. The paper sets out the key findings and outcomes from the Ageing Population Project and the FCA’s strategy for mitigating the potential harm…
Sep 22
FCA regulation round-up: September 2017

FCA regulation round-up: September 2017

The FCA has published its latest Regulation Round-up. Among other things the FCA discusses its work on the Ageing Population Project, particularly as it has just published an Occasional Paper setting out the findings from this project. The…
Sep 22
European Parliament and Council of EU decide not to object to MiFIR Delegated Regulation exempting certain third countries’ central banks from pre- and post-trade transparency

European Parliament and Council of EU decide not to object to MiFIR Delegated Regulation exempting certain third countries’ central banks from pre- and post-trade transparency

The European Parliament has updated its procedure file on the proposed Commission Delegated Regulation supplementing MiFIR as regards the exemption of certain third countries’ central banks in their performance of monetary, foreign…

Rank this Week: 1221

AG Deal Diary

A collection of insights and analysis on hot topics impacting companies, funds, dealmakers and directors. By Akin Gump.

http://www.akingump.com/en/experience/practices/corporate/ag-deal-diary/index.html

Sep 21
Recommended Reading: Buzzword

Recommended Reading: Buzzword

This week, we share a group of short videos put together by Goldman Sachs that we found very interesting. Their experts shed light some of the new and emerging words and phrases that are important to know in today’s economy. We…
Sep 20
Deadlines Approach for Government Contractors on Cybersecurity Compliance

Deadlines Approach for Government Contractors on Cybersecurity Compliance

Government contractors are subject to cybersecurity requirements, found in the Federal Acquisition Regulation (FAR) and each agency’s supplement to the FAR, and some important deadlines are fast approaching. Set forth below is a…
Sep 14
Senate Democrats Introduce “Better Deal” Antitrust Enforcement Legislation

Senate Democrats Introduce “Better Deal” Antitrust Enforcement Legislation

As part of the effort to rebrand the party and reconnect with working-class voters who were lost in the presidential election, congressional Democrats revealed a new populist policy agenda, titled “A Better Deal: Better Jobs, Better…

Rank this Week: 1904

Strictly Business

Covers business law for entrepreneurs, emerging companies and the investment management industry. By Alexander J. Davie.

http://www.strictlybusinesslawblog.com/

Sep 21
3(c)(1) Funds vs. 3(c)(7) Fund

3(c)(1) Funds vs. 3(c)(7) Fund

The process of starting a new hedge fund or private equity fund involves choosing whether the fund will be structured as a “3(c)(1) fund” or a “3(c)(7) fund.” Many new fund managers are confused by the difference…
Aug 29
Can Initial Coin Offerings Be Regulated As Securities? The SEC Says Yes.

Can Initial Coin Offerings Be Regulated As Securities? The SEC Says Yes.

Recently, there has been a lot of buzz involving so-called “Initial Coin Offerings” (ICOs), which are crowdfunded offerings powered by distributed ledger technology (a.k.a. “the blockchain”), which is also the…
Aug 17
Accredited Investors vs. Qualified Clients vs. Qualified Purchasers: Understanding Investor Qualification

Accredited Investors vs. Qualified Clients vs. Qualified Purchasers: Understanding Investor Qualification

Private funds, such has hedge funds, private equity funds, and venture capital funds, are governed by a host of intersecting federal laws that impact who can invest in these fund, including the Securities Act of 1933, the Securities Exchange…

Rank this Week: 2776

Kueser Law Firm Blog

Covers securities and investment fraud, as well as other consumer and investor-related issues.

http://blog.jmkesquire.com

Sep 21
Non-Traded REITs Causing Problems for SII Investment

Non-Traded REITs Causing Problems for SII Investment

Earlier today, the Massachusetts Securities Division filed an administrative complaint against SII Investments for violating securities laws with respect to its sale of Real Estate Investment Trusts (REITs) and its failure to supervise…
Jan 14
When is “Rate of Return” not the Real Rate of Return?

When is “Rate of Return” not the Real Rate of Return?

Investors need to be careful when they review and rely on performance reports provided by their stockbroker or financial advisor. I recently reviewed a performance report that was provided to an investor by a major warehouse brokerage…
Apr 8
FINRA BrokerCheck: Beware the … Blue … Flags?

FINRA BrokerCheck: Beware the … Blue … Flags?

FINRA recently underwent some changes to its BrokerCheck website. For those that do not know, BrokerCheck is the online repository in which the Financial Industry Regulatory Authority (FINRA) discloses certain information about stock…

Rank this Week: 4519

The Reverse Merger & SPAC Blog

Covers reverse mergers, special purpose acquisition companies (SPACs), and other alternatives to initial public offerings (IPOs). By David Feldman.

http://www.reversemergerblog.com/

Sep 19
10 Steps to Raising Capital

10 Steps to Raising Capital

Many middle-market businesses normally find raising capital an uphill task. While raising capital sounds simple in principle, it is difficult in practice. As simple as it may seem, raising capital needs, one to be conversant with certain…
Jul 13
Factors Affecting SaaS Business Valuation

Factors Affecting SaaS Business Valuation

In our work developing valuation analyses for our clients, and based on our experience with public comparables and precedent transactions, we often plot ranges spanning several tens of millions of dollars. Company valuations do fluctuate…
Jul 12
Emotional Preparedness for a Business Sale

Emotional Preparedness for a Business Sale

The process of selling a business can become a psychological and emotional roller-coaster. The bumpiness of the ride is dependent on many independent factors including the preparedness of the business itself, the effectiveness of the…

Rank this Week: 4091

Financial Industry Review

Covers asset management, litigation, and rating agencies. By Orrick, Herrington & Sutcliffe LLP.

http://blogs.orrick.com/financial/

Sep 18
New Rules on Venture Capital Funds Adopted by the European Parliament

New Rules on Venture Capital Funds Adopted by the European Parliament

New rules to facilitate innovative and socially beneficial companies accessing capital in the European Union were adopted by the European Parliament on September 14, 2017. The European Parliament approved changes to Regulation (EU) no.…
Sep 18
Agencies to Propose Amending CRA Regulations to Conform to HMDA Regulation Changes, and Remove References to the Neighborhood Stabilization Program

Agencies to Propose Amending CRA Regulations to Conform to HMDA Regulation Changes, and Remove References to the Neighborhood Stabilization Program

On September 13, 2017, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency jointly released proposed changes to each agency’s…
Sep 18
European Commission Publishes Summary of FinTech Consultation

European Commission Publishes Summary of FinTech Consultation

In March 2017, the European Commission published a consultation paper on FinTech, seeking input from stakeholders which could assist the European Commission’s policy approach towards technological innovation in the financial…

Rank this Week: 909

Broke and Broker

Covers the Wall Street docket of criminal, civil, regulatory, and arbitration cases. By Bill Singer.

http://brokeandbroker.com/index.php

Sep 18
UBS Employee Padussis Wins Best Left Unsaid Arbitration

UBS Employee Padussis Wins Best Left Unsaid Arbitration

Today's featured intra-industry FINRA arbitration involves this one guy, who's the Claimant, suing this other guy, who's the Respondent, and the Respondent wants the arbitration stayed because UBS is appealing something involving the Claimant…
Sep 18
BrokeAndBroker.com Blog by Bill Singer, Esq. WEEK IN REVIEW

BrokeAndBroker.com Blog by Bill Singer, Esq. WEEK IN REVIEW

Lawyers Cast Aspersions In Nasty FINRA Arbitration Involving Divorced Couple http://www.brokeandbroker.com/3597/finra-lawyers-aspersions/On one side of today's featured FINRA customer arbitration we got an ex-wife. On the other side, we…
Sep 18
Lawyers Cast Aspersions In Nasty FINRA Arbitration Involving Divorced Couple

Lawyers Cast Aspersions In Nasty FINRA Arbitration Involving Divorced Couple

On one side of today's featured FINRA customer arbitration we got an ex-wife. On the other side, we got the ex-husband and what looks like two brokerage firms. On that other side with the ex-husband, only one of the three named respondents…

Rank this Week: 832

Bank Lawyer's Blog

Covers accounting/auditing, commercial lending, credit unions, electronic banking, privacy, RESPA and stocks. By Kevin Funnell.

http://www.banklawyersblog.com/3_bank_lawyers/

Sep 17
We're Actually Nice To Them!

We're Actually Nice To Them!

When we last checked in on Vernon Hill almost two years ago, he had taken the millions he'd made in community banking in the U.S. and launched an effort to replicate his previous success on the mother ship: the U.K....
Sep 11
Bad Optics Make Bad Law

Bad Optics Make Bad Law

Last week's announcement by Equifax that nearly one-half of Americans (and miscellaneous Canadians and Brits) had scads of personal information hacked by parties unknown, but almost certainly up to no good, set off a storm of criticism, much…
Sep 4
The Cry Goes Out: Give The CFPB More Power!

The Cry Goes Out: Give The CFPB More Power!

The recent news that Wells Fargo has uncovered at least another 1.4 million fake accounts left many commentators on the verge of stroking out. One of those commentators was Housing Wire's Not-so-Gentle Ben Lane, who seethed with the heat…

Rank this Week: 2494

Investment Fund Law Blog

Provides updates and insights on legal issues facing fund managers and investors. By Pillsbury Winthrop Shaw Pittman LLP.

http://www.investmentfundlawblog.com/

Sep 15
SEC Risk Alert! Most Frequent Advertising Rule Compliance Issues by Investment Adviser

SEC Risk Alert! Most Frequent Advertising Rule Compliance Issues by Investment Adviser

The Office of Compliance Inspections and Examinations (OCIE) of the SEC issued a Risk Alert yesterday providing a list of the most frequently identified compliance issues relating to the Advertising Rule (Rule 206(4)-1) under the Investment…
Sep 6
T+2 Settlement Becomes Mandatory for Most Broker-Dealer Transaction

T+2 Settlement Becomes Mandatory for Most Broker-Dealer Transaction

T+2 Settlement becomes mandatory for most broker-dealer transactions on September 5. While Rule 15c6-1(d) allows, in connection with firm commitment underwritings, the issuer and underwriters to agree to different settlement…
Jul 27
Girls Who Invest – Changing the Face of Asset Management

Girls Who Invest – Changing the Face of Asset Management

Pillsbury is hosting an event with the Association of Women in Alternative Investing (AWAI) on Wednesday, August 9, 2017. Kathleen Dunlap, CEO of Girls Who Invest (www.girlswhoinvest.org) will be speaking about the GWI program and how…

Rank this Week: 2971

The Venture Alley

Covers business and legal issues for entrepreneurs, startups, venture capitalists and angel investors. By DLA Piper.

http://www.theventurealley.com

Sep 15
The Securities and Futures Commission of Hong Kong comments on ICO

The Securities and Futures Commission of Hong Kong comments on ICO

Article prepared by and republished courtesy of our colleagues Luke Gannon, Scott Thiel and Hayden Lau; originally published here: https://www.dlapiper.com/en/us/insights/publications/2016/11/the-trump-tax-reform-plan The Securities and…
Jul 26
SEC Report on Tokens as Securities: Seven Takeaway

SEC Report on Tokens as Securities: Seven Takeaway

One of the more interesting phenomena in early-stage investing is the recent emergence of initial coin offerings (“ICOs”), token generation events (“TGEs”), or similar distributed ledger or blockchain-enabled means for…
Jun 7
Getting up to speed on blockchain, Bitcoin, Ethereum, cryptocurrencies and ICO

Getting up to speed on blockchain, Bitcoin, Ethereum, cryptocurrencies and ICO

Much has been written recently on blockchain, Bitcoin, Ethereum, cryptocurrencies and initial coin offerings (ICO). Unfortunately, for non-computer scientists (like me), trying to understand these concepts and their potential implications can…

Rank this Week: 3580

RIA Compliance Blog

Covers registered investment advisor regulations. By Parker MacIntyre.

http://www.riacomplianceblog.com/

Sep 12
DOL Proposes Additional Extension of Fiduciary Rule Transition Period

DOL Proposes Additional Extension of Fiduciary Rule Transition Period

The Department of Labor (DOL) recently published its proposal to extend the transition period of the Fiduciary Rule and delay the second phase of implementation from January 1, 2018 to July 1, 2019. Currently only adherence to the impartial…
Sep 6
SEC Settles Charges with Investment Adviser Over Insufficient Disclosure of Fee

SEC Settles Charges with Investment Adviser Over Insufficient Disclosure of Fee

On August 14, 2017, the Securities and Exchange Commission (“SEC”) issued an Order Instituting Administrative and Cease and Desist Proceedings (“Order”) against Coachman Energy Partners, LLC (“Coachman”),…
Sep 1
SEC Charges Investment Adviser with Misappropriating $2.8 Million From her Client

SEC Charges Investment Adviser with Misappropriating $2.8 Million From her Client

On August 23, 2017, the Securities and Exchange Commission (“SEC”) filed a complaint in the United States District Court for the District of Colorado against Sonya D. Camarco (“Camarco”), an investment adviser. …

Rank this Week: 2583

Banking Law Update

Provides updates and commentary on developments in law affecting banks and financial institutions. By Verrill Dana LLP.

http://www.bankinglawupdate.com/

Sep 12
Financial Institutions . . . In the New

Financial Institutions . . . In the New

High flood insurance premiums endanger waterfront investments. (PPH 9.9.17) Data breach at Equifax puts 143 million people across the United States at risk of identity theft. (Central Maine 9.8.17) Governor LePage supports a…
Aug 9
Financial Institutions . . . In the New

Financial Institutions . . . In the New

Elizabeth Hayes, President and CEO of Infinity Federal Credit Union, was recently named one of the Women to Watch in 2017. (Mainebiz 8.7.17) LEAF Commercial Capital, Inc. is acquired by People’s United Bank. (PR Newswire…
Jul 11
Financial Institutions . . . In the New

Financial Institutions . . . In the New

Thirteen employees at Saco & Biddeford Savings Institution earned certificates and high honor awards this year through the Center for Financial Training and Education Alliance (CFTEA). (BDN 7.10.17) Mainers affected by State government…

Rank this Week: 2744

Lenders 360

Provides news, information and commentary on important issues affecting the financial services industry. By Higier Allen & Lautin, P.C.

http://www.lenders360blog.com/

Sep 10
FDIC Administrative Law Judges Likely Unconstitutional

FDIC Administrative Law Judges Likely Unconstitutional

An appeals court holding, and pending U.S. Supreme Court case, could up-end FDIC enforcement procedures. One of the interesting recent themes in Game of Thrones is the basis for power. In these United States, the power of judges…
Sep 10
FDIC Administrative Law Judges Likely Unconstitutional

FDIC Administrative Law Judges Likely Unconstitutional

An appeals court holding, and pending U.S. Supreme Court case, could up-end FDIC enforcement procedures. One of the interesting recent themes in Game of Thrones is the basis for power. In these United States, the power of judges…
Jul 17
Bitcoin: Everyone is Talking Blockchain and its Not too Late to Get on the Band Wagon

Bitcoin: Everyone is Talking Blockchain and its Not too Late to Get on the Band Wagon

Bitcoin first came into public existence in 2008 with the first coins “mined” by a person/group named Satoshi Nakamoto. As you are probably aware, Bitcoin is a method of transferring value electronically and without the need…

Rank this Week: 2481

Lenders 360.

Covers business and legal issues affecting the financial services industry. By Winstead PC.

http://www.lenders360blog.com

Sep 10
FDIC Administrative Law Judges Likely Unconstitutional

FDIC Administrative Law Judges Likely Unconstitutional

An appeals court holding, and pending U.S. Supreme Court case, could up-end FDIC enforcement procedures. One of the interesting recent themes in Game of Thrones is the basis for power. In these United States, the power of judges…
Sep 10
FDIC Administrative Law Judges Likely Unconstitutional

FDIC Administrative Law Judges Likely Unconstitutional

An appeals court holding, and pending U.S. Supreme Court case, could up-end FDIC enforcement procedures. One of the interesting recent themes in Game of Thrones is the basis for power. In these United States, the power of judges…
Jul 17
Bitcoin: Everyone is Talking Blockchain and its Not too Late to Get on the Band Wagon

Bitcoin: Everyone is Talking Blockchain and its Not too Late to Get on the Band Wagon

Bitcoin first came into public existence in 2008 with the first coins “mined” by a person/group named Satoshi Nakamoto. As you are probably aware, Bitcoin is a method of transferring value electronically and without the need…

Rank this Week: 3594

Mortgage Fraud Blog

Covers mortgage fraud information, fraud schemes and indictments. By Rachel Dollar.

http://mortgagefraudblog.com/

Sep 8
60 Month Sentence in Pennsylvania Loan Fraud

60 Month Sentence in Pennsylvania Loan Fraud

Mortgage Fraud Blog. Zaki M. Bey, 39, Philadelphia, Pennsylvania, was sentenced to 60 months in prison. Bey previously pleaded guilty to one count of conspiracy to commit loan and bank fraud, one count of conspiracy to defraud…
Sep 8
Phoenix Family Members Sentenced in FNMA REO Fraud

Phoenix Family Members Sentenced in FNMA REO Fraud

Mortgage Fraud Blog. Daphne Iatridis, 59, and her husband, Arthur Telles, 59, were each sentenced to 30 months in prison and ordered to forfeit 26 fraudulently purchased properties to the United States. Both had previously…
Sep 6
California Loan Broker Indicted for Wire Fraud

California Loan Broker Indicted for Wire Fraud

Mortgage Fraud Blog. Hooshang Noori, a loan broker who operated Finance for Americans, Corp, doing business as Pacific Realty, Lake Forest, California, was indicted on one count of wire fraud in the Central District of California. According…

Rank this Week: 4

NC Business & Banking Law Blog

Legal news and analysis on matters affecting financial institutions and other businesses, with an emphasis on North Carolina. By Matt Cordell.

http://bizlawnc.com/

Sep 8
What You Should Do Today In Response To The Equifax Breach

What You Should Do Today In Response To The Equifax Breach

You've probably heard that Equifax revealed on Thursday that it was the subject of a data security breach that resulted in the exposure of 143 million Americans--almost half the population. It is likely the largest data security breach…
Jul 27
Reflections on a Rewarding Year with the NCBA YLD

Reflections on a Rewarding Year with the NCBA YLD

I'm no longer a young lawyer.A few days ago, I handed over an enormous gavel, signifying the end of my term as leader of the more than 6,400 members of the Young Lawyers Division of the North Carolina Bar Association. It has been an…
Jul 27
It's Time for a Change

It's Time for a Change

Over the past six years, I have really enjoyed sharing thoughts with you on this blog and participating in some of the conversations that have arisen from the posts.Having recently departed private practice to work as in-house counsel, my…

Rank this Week: 3383

Mandelman Matters

Covers the foreclosure crisis. By Martin Andelman.

http://mandelman.ml-implode.com

Sep 6
I Have a Good Friend That I Don’t Agree With, Should I Hate Him?

I Have a Good Friend That I Don’t Agree With, Should I Hate Him?

Think however you want to think about things. If we’re friends, I might tell you that you’re wrong, but you don’t have to adopt my view. I won't hate you for it.
Sep 6
The Legend of Trump the Outsider and the Same Old Ugly Politic

The Legend of Trump the Outsider and the Same Old Ugly Politic

The legend of “Trump the Outsider” provides comfort to his supporters who believe that his outsider status will be more beneficial to this country than his inexperience will harm it.
Sep 4
Student loans missing chain of title paperwork being wiped out by court

Student loans missing chain of title paperwork being wiped out by court

Student loans are another in a long line of predatory lending, securitization scams, but this time judges are dismissing suits in which creditors can't prove ownership of the loan.

Rank this Week: 147

North Carolina Business Litigation…

North Carolina Business Litigation Report

Reports on judicial decisions of significance to business and shareholders. By Mack Sperling of Brooks Pierce LLP.

http://www.ncbusinesslitigationreport.com/

Sep 6
Demand Futility Isn't Dead For Derivative Actions Against Non-Profit Corporation

Demand Futility Isn't Dead For Derivative Actions Against Non-Profit Corporation

You probably thought that you would never again have to argue that a demand on a corporation's board of directors before filing a derivative action should be excused because it would have been futile. That's because the North Carolina…
Aug 8
NC Legislature Decides To Legislate Choice Of Law Provisions In "Business Contracts"

NC Legislature Decides To Legislate Choice Of Law Provisions In "Business Contracts"

The North Carolina General Assembly has decided to legislate choice of law in commercial transactions. The new statute, enacted in June, is called the "North Carolina Choice of Law and Forum in Business Contracts Act." It will…
Jul 17
In-House Counsel's Worst Nightmare: A Subpoena In A Case To Which The Company Is Not A Party

In-House Counsel's Worst Nightmare: A Subpoena In A Case To Which The Company Is Not A Party

I don't think that there is anything worse than having a client get subpoenaed in a case to which it isn't a party. It didn't want to be drawn into someone else's problem, to have to scour its records to respond to an unanticipated and…

Rank this Week: 154

Consumer Finance Law Ledger

By Fox Rothschild LLP.

https://consumerfinance.foxrothschild.com/

Sep 1
The CFPB Takes Action To Ban Credit Repair Company

The CFPB Takes Action To Ban Credit Repair Company

On August 30, 2017, the Consumer Financial Protection Bureau (CFPB) and Prime Marketing Holdings L.L.C. filed their proposed stipulated final judgment and order in United States District Court, the Central District of California to resolve a…
Sep 1
Implications of the CFPB’s Arbitration Rule

Implications of the CFPB’s Arbitration Rule

On July 10, 2017, the Consumer Financial Protection Bureau issued its arbitration agreements rule which implemented Section 1028(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The rule will become effective…
Jun 15
3 Takeaways from the CFPB’s Report on Strategies for Promoting Diversity and Inclusion in the Mortgage Industry

3 Takeaways from the CFPB’s Report on Strategies for Promoting Diversity and Inclusion in the Mortgage Industry

On April 27, 2017, the CFPB issued a report on strategies for promoting diversity and inclusion in the mortgage industry. The report identifies what many people are already aware of, a company that promotes and encourages a culture of…

Rank this Week: 850

Canadian M&A Perspectives

Covers developments in private and public mergers and acquisitions, and private equity. By McCarthy Tetrault.

http://www.canadianmergersacquisitions.com

Aug 28
New China Guidelines on Overseas Investments Encouraging for the Natural Resources Sector

New China Guidelines on Overseas Investments Encouraging for the Natural Resources Sector

By Shea Small, Bobby Wang, Joyce Lee and Craig Spurn On August 17, 2017, China’s NDRC, Ministry of Commerce, the People’s Bank of China and the Ministry of Foreign Affairs jointly released their Opinions on Further Guiding and…
Aug 8
Looking Out for Minority Security Holders – Securities Commission staff publish guidance on conflict of interest transaction

Looking Out for Minority Security Holders – Securities Commission staff publish guidance on conflict of interest transaction

By David E. Woollcombe, Robert Hansen and Heidi Gordon On July 27, 2017, staff of the securities regulatory authorities in each of Ontario, Québec, Alberta, Manitoba and New Brunswick (CSA Staff) published Multilateral CSA Staff…
Jun 28
New Investment Canada Act Review Threshold – C$1 Billion

New Investment Canada Act Review Threshold – C$1 Billion

By Oliver J. Borgers and Michele Siu On June 22, 2017, the pre-closing review threshold that applies to most direct acquisitions of Canadian businesses by non-Canadian1, non-state owned investors from WTO member states increased to C$1…

Rank this Week: 828

The 10b-5 Daily

Covers securities class action litigation. By Lyle Roberts.

https://10b5daily.com/

Aug 21
On Track Betting

On Track Betting

Is “on track” the most dangerous phrase a corporation can use to describe its business? Over the years, there have been a significant number of securities class actions alleging a company’s statement that a regulatory…
Jul 20
Top 100 Settlement

Top 100 Settlement

With the dog days of summer comes the issuance of statistical reports on securities class actions. ISS Securities Class Actions puts out an interesting report, now updated through 2016, on “The Top 100 U.S. Settlements…
Jun 28
CalPERS Decided

CalPERS Decided

The U.S. Supreme Court has issued a decision in the CalPERS v. ANZ Securities case holding that the three-year statute of repose for Section 11 and Section 12(a) claims (misrepresentation in a registration statement or…

Rank this Week: 2517

NextGen Financial Services Report

By Dykema. Provides news and analysis of legal issues affecting the financial services industry.

http://www.nextgenfinancialservicesreport.com/

Aug 21
New CFPB Online Inquiry Form Offers New Way to Ask Regulatory Question

New CFPB Online Inquiry Form Offers New Way to Ask Regulatory Question

The Consumer Financial Protection Bureau (CFPB)’s Office of Regulations has long offered the public the opportunity to ask the agency questions about specific regulatory provisions and receive informal feedback from CFPB attorneys,…
Aug 16
Outside Bank Directors Take Note: Could Regulators’ Expectations Be Changing (Again)?

Outside Bank Directors Take Note: Could Regulators’ Expectations Be Changing (Again)?

Last week, the Federal Reserve issued proposed guidance that could dial back some regulatory expectations for directors of financial institutions. The proposed guidance, applicable to Fed-supervised entities like bank holding companies and…
Aug 14
2017 Texas Legislative Recap of New Laws Affecting Financial Institutions Operating in Texa

2017 Texas Legislative Recap of New Laws Affecting Financial Institutions Operating in Texa

Every other year, the Texas Legislature convenes for roughly six months in Austin. Given the tight timeframe and biennial nature, sessions of the Texas Legislature tend to be “fast and furious” (and also full of drama). There were…

Rank this Week: 1678

Financial Regulatory Report

Covers financial services regulation, compliance, enforcement and litigation. By Reed Smith LLP.

http://www.financialregulatoryreport.com/

Aug 15
ISDA Considers the Suitability of Swaps Documentation to the Blockchain

ISDA Considers the Suitability of Swaps Documentation to the Blockchain

On August 3, 2017, the International Swaps and Derivatives Association (“ISDA”) released a whitepaper that considers whether derivative contracts could operate on a blockchain (the “Whitepaper”).[1] The…
Aug 14
Robert Jaworski to Speak on TRID Compliance at MBA Conference

Robert Jaworski to Speak on TRID Compliance at MBA Conference

Bob Jaworski will be speaking at the Mortgage Bankers Association of America’s annual Regulatory Compliance Conference in Washington, D.C.. The conference will be held on September 17-19, 2017 at the Grand Hyatt, Washington. Bob…
Jun 19
Nevada Passes FinTech Law

Nevada Passes FinTech Law

A number of states have jumped into the FinTech fray by enacting legislation or issuing guidance regarding new technologies and digital currencies. The latest of these technology-forward states is Nevada. Following the example set by Arizona,…

Rank this Week: 3538

Payment Law Advisor

Provides legal commentary and resources for the payment industry. By Davis Wright Tremaine LLP.

http://www.paymentlawadvisor.com/

Jul 21
Regulatory Alert: Debt Collection

Regulatory Alert: Debt Collection

Among the announcements in its Spring 2017 rulemaking agenda, which was just released on July 20, the Consumer Financial Protection Bureau (CFPB) announced that later this year it plans to issue a Notice of Proposed Rulemaking (NPRM)…
Jul 5
OCC Issues Retail Lending Handbook Booklet

OCC Issues Retail Lending Handbook Booklet

On April 12, 2017, the Office of the Comptroller of the Currency (the “OCC”) issued a Retail Lending booklet (“Booklet”) as part of the Comptroller’s Handbook. The OCC’s Booklet outlines a framework…
Jun 29
Second Circuit Holds That Printing of Expiration Date Is a Bare Procedural Violation of FACTA That Is Inadequate Under Spokeo to Confer Standing to Sue

Second Circuit Holds That Printing of Expiration Date Is a Bare Procedural Violation of FACTA That Is Inadequate Under Spokeo to Confer Standing to Sue

Addressing the issue of when “a bare procedural violation of a statutory right constitute[s] an injury in fact sufficient for standing to bring suit in federal court”, the U.S. Court of Appeals for the Second Circuit has joined…

Rank this Week: 2026

Financial Institutions Law Blog

Covers issues such as usury, form compliance for federal and state consumer transactions, UCC and securitization issues. By Sheppard Mullin.

http://www.financialinstitutionlawblog.com/

Jul 14
The Consumer Financial Protection Bureau Adopts New Rule Barring Class Action Waivers in Arbitration Agreement

The Consumer Financial Protection Bureau Adopts New Rule Barring Class Action Waivers in Arbitration Agreement

As expected, and with few changes, the Consumer Financial Protection Bureau adopted its proposed rule barring financial companies regulated by the agency from including class action waivers in arbitration agreements. Arbitration clauses in…
Oct 27
The Ninth Circuit Holds That Enforcing A Security Interest Is Not Necessarily Debt Collection

The Ninth Circuit Holds That Enforcing A Security Interest Is Not Necessarily Debt Collection

On Oct. 19, 2016, the Ninth Circuit held that merely enforcing a security interest is not “debt collection” under the federal Fair Debt Collection Practices Act (“FDCPA”). In so holding, the Ninth Circuit…
Sep 2
CFPB Prevails On Summary Judgment Against CashCall, Inc.

CFPB Prevails On Summary Judgment Against CashCall, Inc.

On August 31, 2016, in a ground breaking decision, the United States District Court in Los Angeles ruled that CashCall, Inc. violated the Consumer Financial Protection Act in connection with efforts to collect on certain loans that would…

Rank this Week: 164

Mortgage Crisis & Financial…

Mortgage Crisis & Financial Services Watch

Covers business and legal issues affecting loan repurchases, mortgage-backed securities and mortgage insurance. By Bilzin Sumberg.

http://www.financialserviceswatchblog.com/

Jun 2
You Are the Target: 75 Different Ways Your Company Can Be Hacked

You Are the Target: 75 Different Ways Your Company Can Be Hacked

Join us on Thursday, June 15th from 12:00PM to 1:00PM for an in-depth webinar as Philip R. Stein, a partner in Bilzin Sumberg’s Litigation Practice, and Ray Vasquez, a director in Enterprise Risk Management’s…
May 23
New Wave of Lehman Litigation Appears to Be Imminent

New Wave of Lehman Litigation Appears to Be Imminent

Thousands of mortgage lenders across the country either recently received, or will soon be receiving, this document from Lehman Brothers Holdings, Inc. (LBHI). It is a notice of a motion to approve a proposed settlement of Residential…
May 1
Supreme Court Ruling Permits City Lawsuits Against Banks Under FHA to Proceed

Supreme Court Ruling Permits City Lawsuits Against Banks Under FHA to Proceed

The U.S. Supreme Court ruled today, in Bank of America Corp. v. City of Miami, Case No. 15-1111 that cities may qualify as “aggrieved persons” under the Fair Housing Act (“FHA”), thus placing them within the…

Rank this Week: 3590

Al-Mirsal

Covers Middle East banking and finance law. By Latham & Watkins LLP.

http://www.al-mirsal.com/

Jun 1
Key Considerations for Middle East Entities Looking to Invest in US Technology Companie

Key Considerations for Middle East Entities Looking to Invest in US Technology Companie

Four of Latham & Watkins’ leading emerging company partners in Silicon Valley, Luke Bergstrom, Tad Freese, Jim Morrone and JD Marple, recently hosted a webinar titled “Achieving Successful Outcomes as a Non-US Company…
May 16
Why should Qatari, Saudi and UAE organizations care about the European Union’s new General Data Protection Regulation?

Why should Qatari, Saudi and UAE organizations care about the European Union’s new General Data Protection Regulation?

The compliance world will change dramatically for a number of GCC organizations on 25 May 2018. In just over one year’s time GCC organizations that: have a branch, subsidiary or single representative in the European Union…
Feb 28
The Legal Landscape for Drones in the UAE

The Legal Landscape for Drones in the UAE

The use of “unmanned aerial systems” or “drones” for commercial, government and consumer purposes has significantly increased in recent years across the globe. In the UAE, the office of H.H. Sheikh Mohammed Bin Rashid…

Rank this Week: 3547

Pension Risk Matters

Focuses on pension financial risk issues from a governance and fiduciary perspective. Published by Susan M. Mangiero.

http://www.pensionriskmatters.com/

May 15
CLE Webinar About ERISA and Hedge Funds and Private Equity Fund

CLE Webinar About ERISA and Hedge Funds and Private Equity Fund
Apr 25
Investment Fraud and the Role of Trust

Investment Fraud and the Role of Trust

This article entitled “Investment Fraud and the Role of Trust” by Dr. Susan Mangiero was originally published on April 19, 2017 in The Fraud Examiner, a publication of the Association of Certified Fraud Examiners that is…
Apr 9
Funny Courtroom Film Still Used For Teaching

Funny Courtroom Film Still Used For Teaching

I had a chance to watch My Cousin Vinny on television the other night and was reminded how humor is such a powerful storytelling tool. How many times do we remember important concepts because the speaker or writer makes us laugh? Tickling our…

Rank this Week: 2978

BeyondVC

Covers entrepreneurship, venture capital, technology, investing, and globalizaiton. By Ed Sim.

http://www.beyondvc.com/

Apr 23
Blurring lines in enterprise SaaS; the race to own customer data

Blurring lines in enterprise SaaS; the race to own customer data

I’ve written before about the competitive nature of SaaS and the amount of entrants in every category. Lately after every conversation, I feel like the world is being divided into two camps and there is a massive battle going on in…
Mar 29
Why I love and fear AWS

Why I love and fear AWS

The AWS launch of Amazon Connect (see techcrunch article) got me thinking about the current state of play in SaaS. Amazon Connect is a call center in a box, the same tech it uses in-house for their current platform. With that release,…
Mar 21
Thoughts from Mulesoft and AppDynamics IPO Filing

Thoughts from Mulesoft and AppDynamics IPO Filing

I finally had a chance to take a quick read of the respective S1 filings for AppDynamics and Mulesoft. While the growth for each company is quite amazing, two thoughts jumped out at me. As we move to a cloud-only world with instant-on…

Rank this Week: 2476

Cosgrove Law Securities and…

Cosgrove Law Securities and Investment Blog

News and commentary on the latest securities and investment developments.

http://securitiesandinvestmentblog.blogspot.com/

Apr 17
REPRESENTING ELDERS AND ATHLETES

REPRESENTING ELDERS AND ATHLETES

It wouldn’t seem likely that elders and athletes would have much, if anything, in common. But they do. They are frequently blessed with substantial semi-liquid assets, and are therefore the targets of fraudulent or reckless…
Mar 24
Kokesh v. SEC: Implications for the Statute of Limitations for Missouri Securities Enforcement Action

Kokesh v. SEC: Implications for the Statute of Limitations for Missouri Securities Enforcement Action

Kokesh v. SEC, Docket No. 16-529 (oral argument date April 18, 2017) – Implications for the Statute of Limitations for Missouri State Securities Enforcement Actions.By John R. Phillips, Counsel for Cosgrove Law Group, LLC and…
Feb 24
Get Your Own Lawyer, Darn It!

Get Your Own Lawyer, Darn It!

Financial advisors facing an arbitration claim or regulatory inquiry often count on their broker-dealer or registered investment advisor for legal counsel. These “employers” will frequently provide them with an ostensibly…

Rank this Week: 4446

RESPA Lawyer Blog

Covers the Real Estate Settlement Procedures Act (RESPA). By Sterbcow Law Group LLC.

http://www.respalawyer.com/

Apr 17
Marx Sterbcow speaking at the Escrow Institute of California’s 70th Annual Conference

Marx Sterbcow speaking at the Escrow Institute of California’s 70th Annual Conference

Marx Sterbcow of the Sterbcow Law Group will present at the Escrow Institute of California’s 70th Anniversary Conference at the Hyatt Regency Indian Wells Resort & Spa in Palm Springs, California on May 5, 2017. …
Apr 15
MARX STERBCOW TO PRESENT AT 2017 RESPRO ANNUAL CONFERENCE

MARX STERBCOW TO PRESENT AT 2017 RESPRO ANNUAL CONFERENCE

Marx Sterbcow, Managing Attorney, of the Sterbcow Law Group will present in two sessions at the 2017 Real Estate Service Providers Council “RESPRO” Annual Conference at the Bellagio Hotel in Las Vegas, Nevada on April 19,…
Jan 16
Marx Sterbcow presenting at The Legal Description and Dodd Frank Update’s 5th Annual Regulatory Outlook Webinar

Marx Sterbcow presenting at The Legal Description and Dodd Frank Update’s 5th Annual Regulatory Outlook Webinar

The Legal Description and Dodd Frank Update have teamed up again to provide their 5th annual Regulatory Outlook Webinar on Wednesday, January 18, 2017 (2:00 – 3:30 P.M. EST) educating mortgage, title and settlement services…

Rank this Week: 3994

Illinois Business Law Journal

Covers recent developments affecting business law. From the University of Illinois College of Law.

https://publish.illinois.edu/illinoisblj/

Mar 16
Keeping an AI on Technological Advances in Business Law

Keeping an AI on Technological Advances in Business Law

Source: The Economist By Elizabeth Rice Download full note here. This Note explores the role that artificial intelligence plays in the legal world today and the ways in which it may affect the legal profession in the future. …
Mar 16
Timing Brexit Right: Theresa May’s Great Political Challenge

Timing Brexit Right: Theresa May’s Great Political Challenge

Source: Andy Rain of EPA Download full note here. By Julian Jankowski The Prime Minister of the United Kingdom, Theresa May, in her expressed pursuit for a hard Brexit, faces economic, legal, and political challenges in her endeavors to…
Mar 16
Driving Solo: Solutions to the Current Patchwork of Legislation Concerning Automated Vehicle

Driving Solo: Solutions to the Current Patchwork of Legislation Concerning Automated Vehicle

Source: AP Download full note here. By Bryan Boccelli This Note argues that states across the nation should expand upon and in some cases begin to introduce legislation in regards to self-driving vehicles. Although there are currently a…

Rank this Week: 774

Private Funds Law Update

Covers private funds and alternative investments. By Reed Smith LLP.

http://www.privatefundslaw.com/

Mar 14
10 takeaway points on Luxembourg’s RAIF

10 takeaway points on Luxembourg’s RAIF

The Luxembourg law on reserved alternative investment funds (RAIF) is a welcome addition to the alternative investment funds (AIF) industry and we have seen keen interest from the fund and asset management industry in this new platform. Since…
Aug 9
ESMA Advice Extending the AIFMD Passport: Including the United States, Hong Kong, Singapore and Switzerland

ESMA Advice Extending the AIFMD Passport: Including the United States, Hong Kong, Singapore and Switzerland

On 18 July 2016 the European Securities and Markets Authority (ESMA) published its advice to the European Parliament, the Council and the Commission on the application of the Alternative Investment Fund Managers Directive (AIFMD) passport to…
Aug 9
The SBEEA: Register of Significant Beneficial Ownership

The SBEEA: Register of Significant Beneficial Ownership

The SBEEA (Part I: People with Significant Control) Against the backdrop of an increasing push for greater transparency of company ownership, the Small Business Enterprise and Employment Act 2015 (“SBEEA“) took effect on 6 April…

Rank this Week: 3527

Ponzitracker

Covers Ponzi schemes. By Jordan Maglich.

http://www.ponzitracker.com/

Feb 13
For Galemmo Ponzi Victims, Recovery Chances Depend On Clawback

For Galemmo Ponzi Victims, Recovery Chances Depend On Clawback

When a Cincinnati money manager's $100 million Ponzi scheme collapsed over three years ago, authorities seemingly acknowledged the bleak prospects of recovery in declining to seek appointment of a receiver to marshal and gather assets for…
Feb 13
Zeek Rewards Mastermind Sentenced To Nearly Fifteen Years In Prison

Zeek Rewards Mastermind Sentenced To Nearly Fifteen Years In Prison

The North Carolina man who drew comparisons to Bernard Madoff for his operation of a Ponzi scheme that duped tens of thousands of victims out of nearly $1 billion learned from a federal judge today that he, like Madoff, will likely spendthe…
Oct 17
Another Cay Clubs Principal Indicted On Bank Fraud And Tax Charge

Another Cay Clubs Principal Indicted On Bank Fraud And Tax Charge

A Florida man is facing bank fraud and tax charges for his involvement in the alleged $300 million Cay Clubs Ponzi scheme, making him the third person to be criminally charged in what was one of the largest schemes in Florida history.…

Rank this Week: 219

Financial Law Blog

Updates on Banking Law, Investment Management Law, Securities Law, and Commodities/Derivatives Law. By Valentin Agafonov.

http://www.finlawblog.com

Jan 12
FRB approves application by First Citizens BancShares to increase non-controlling interest in Carter Bank & Trust

FRB approves application by First Citizens BancShares to increase non-controlling interest in Carter Bank & Trust

The Federal Reserve Board yesterday approved an application by First Citizens BancShares to increase its ownership interest in Carter Bank & Trust from 4.9 percent to 9.0 percent of voting shares. The BHC Act requires BHCs to request…
Dec 5
Governor Tarullo discusses regulatory agenda regarding community banks, enhanced prudential standards, and U.S. branches of FBO

Governor Tarullo discusses regulatory agenda regarding community banks, enhanced prudential standards, and U.S. branches of FBO

Governor Tarullo delivered a speech on Friday outlining his views on a number of items on the Board’s upcoming regulatory agenda including U.S. branches of FBOs, Enhanced Prudential Standards, and regulation of community banks. U.S.…
Dec 2
PIMCO settles SEC enforcement action for misleading disclosures about sources of fund performance

PIMCO settles SEC enforcement action for misleading disclosures about sources of fund performance

PIMCO agreed yesterday to pay $19.8 million to settle enforcement action by the SEC for misleading disclosures about sources of fund performance and defects in PIMCO’s fair value process. PIMCO was able to outperform benchmarks for a…

Rank this Week: 1685

Sharesleuth.com

Offers investigative reporting aimed at exposing securities fraud. By Chris Carey.

http://sharesleuth.com/

Dec 6
Beyond public view, a recidivist fraudster nears a reckoning day

Beyond public view, a recidivist fraudster nears a reckoning day

The fraud and conspiracy case against recidivist fraudster Regis L. Possino and 10 others charged in connection with a multimillion-dollar “pump-and-dump” scheme appears to be nearing an end — in almost total secrecy. Most…
Nov 22
SEC expands fraud case to include Lenco Mobile, subject of a prior Sharesleuth investigation

SEC expands fraud case to include Lenco Mobile, subject of a prior Sharesleuth investigation

The Securities and Exchange Commission has quietly expanded its fraud case against financier Izak Zirk De Maison, adding seven more people as codefendants and identifying five more stocks he used in his schemes. According to the SEC’s…
Feb 4
Trick Play: Memorabilia company peddled Patriots, Seahawks gear with forged player autograph

Trick Play: Memorabilia company peddled Patriots, Seahawks gear with forged player autograph

Just days after the Seattle Seahawks and New England Patriots claimed their spots in Super Bowl XLIX, a memorabilia company called The Highland Mint contacted customers with a tantalizing list of autographed collectibles. Highland…

Rank this Week: 2516

Securities Fraud Attorney Blog

Covers securities fraud, and other areas of securities law and banking and finance law. By Rich, Intelisano & Katz, LLP.

http://www.securitiesfraudattorneyblog.com/

Oct 27
Private Share Litigation Cases are Challenging

Private Share Litigation Cases are Challenging

In a very high profile private share litigation, Theranos, a privately held health-technology and medical-laboratory-services company worth $9 billion as of 2014, has been sued this Monday by one of its largest and trusted financial backers,…
Jun 19
Split Decision on Arbitration in Bank of America Case

Split Decision on Arbitration in Bank of America Case

This week, a Florida appeals court partially reversed a ruling denying Bank of America’s efforts to arbitrate various claims related to the Scott Rothstein Ponzi scheme. Bank of America, N.A. v. Beverly, Nos. 4D14-3167, 4D14-3168 (Fla.…
Jun 19
Split Decision on Arbitration in Bank of America Case

Split Decision on Arbitration in Bank of America Case

This week, a Florida appeals court partially reversed a ruling denying Bank of America’s efforts to arbitrate various claims related to the Scott Rothstein Ponzi scheme. Bank of America, N.A. v. Beverly, Nos. 4D14-3167, 4D14-3168 (Fla.…

Rank this Week: 1697

Florida Banking Law Blog

Covers legal developments impacting banking, finance and loan enforcement in Florida. By Rogers Towers, PA.

http://www.floridabankinglawblog.com/

Aug 25
SCOTUS to Consider City of Miami’s Predatory Lending Lawsuit Against Bank

SCOTUS to Consider City of Miami’s Predatory Lending Lawsuit Against Bank

In a case that will have a direct impact on creditors, the U.S. Supreme Court has agreed to hear an appeal involving the City of Miami’s claims in three related cases that it suffered damages through alleged discriminatory lending…
Jun 9
Recent Decision Highlights Importance of Maintaining Original Note Modification

Recent Decision Highlights Importance of Maintaining Original Note Modification

As we have previously discussed, under Florida law, in a foreclosure action, a lender must either provide the original promissory note or, if the note was lost, stolen, or destroyed, follow the statutory procedure for reestablishing a lost…
Jun 2
Does A Dismissal of a Foreclosure Action for Lack of Standing Prevent a Subsequent Action on the Same Default?

Does A Dismissal of a Foreclosure Action for Lack of Standing Prevent a Subsequent Action on the Same Default?

In Florida, a plaintiff seeking to foreclose a mortgage must have “standing” to foreclose the mortgage as of the date it files its foreclosure complaint.[1] That is, if the plaintiff is not the original lender, it must establish…

Rank this Week: 3270

The Swap Report

Covers regulatory and transactional issues related to derivatives. By Reed Smith LLP.

http://www.theswapreport.com/

Jun 17
German Federal Court Ruling Important for Future Contractual Netting Arrangement

German Federal Court Ruling Important for Future Contractual Netting Arrangement

In a decision of 9 June 2016, the German Federal Court of Justice (Bundesgerichtshof, “BGH”) has ruled that the determination of the close-out amount in a netting provision based on the German Master Agreement for Financial…
May 14
Safe Harbors and Securitizations: Loan Payments in Connection with a Commercial Mortgage-Backed Securitization Protected from Clawback under the U.S. Bankruptcy Code Safe Harbor

Safe Harbors and Securitizations: Loan Payments in Connection with a Commercial Mortgage-Backed Securitization Protected from Clawback under the U.S. Bankruptcy Code Safe Harbor

By Andrea Pincus, Paul Turner, and Sarah Kam You can find a detailed analysis in our client alert on the order Safe Harbors and Securitizations: Loan Payments in Connection with a Commercial Mortgage-Backed Securitization Protected…
May 14
Safe Harbors and Securitizations: Loan Payments in Connection with a Commercial Mortgage-Backed Securitization Protected from Clawback under the U.S. Bankruptcy Code Safe Harbor

Safe Harbors and Securitizations: Loan Payments in Connection with a Commercial Mortgage-Backed Securitization Protected from Clawback under the U.S. Bankruptcy Code Safe Harbor

By Andrea Pincus, Paul Turner, and Sarah Kam You can find a detailed analysis in our client alert on the order Safe Harbors and Securitizations: Loan Payments in Connection with a Commercial Mortgage-Backed Securitization Protected…

Rank this Week: 3536

That Credit Union Blog

Covers current issues affecting the credit union industry. By the law firm of Weltman, Weinberg & Reis.

http://thatcreditunionblog.wordpress.com

Feb 24
How IRS Form 982 Can Aid Credit Unions and their Members with Debt Settlement

How IRS Form 982 Can Aid Credit Unions and their Members with Debt Settlement

By: Nicholas K. Rohner, Esq. For any credit union seeking to negotiate with one of its members over a lump-sum settlement of the member’s delinquent, unsecured debt,[1] one potential roadblock is IRS Form 1099-C. This form reports the…
Nov 20
Bankruptcy Forms to Change December 1st

Bankruptcy Forms to Change December 1st

By Keri P. Ebeck, Partner As of December 1, 2015, the United States Bankruptcy Courts will mandate usage and filing of the forms approved at the Judicial Conference in September 2015. Although many of the official bankruptcy forms will…
Oct 16
Fraud Alert-Forged Paystub

Fraud Alert-Forged Paystub

By Matthew M. Young, Attorney While forging paystubs to obtain credit is not a new concept, I have a number of credit unions that have advised me of an alarming increase in the use of these phony documents to support employment and…

Rank this Week: 1544

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