News and Events for Attorneys and Executives

Banking & Finance

Holland & Knight Wins Reversal of $34.5M Malpractice Verdict

News
A wealthy investor who accused Holland & Knight of facilitating a Ponzi scheme was not entitled to the $34.5 million verdict that a jury awarded him in 2012, a California appeals court ruled.

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Webinar Recording Available on SEC Cybersecurity Guidance

Webinar Recording Available on SEC Cybersecurity Guidance

On-Demand
Hunton & Williams LLP has posted an on-demand webinar discussing the Securities and Exchange Commission’s recently released cybersecurity guidance.

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Barclays Wins Its DOJ Gamble With $2 Billion Mortgage Settlement

News
Two former executives at the bank also settled Thursday and agreed to pay $2 million to resolve claims without admitting wrongdoing.

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Outside Counsel Industry Rankings: Which Biglaw Firms Are Best For Your Specific Company?

News
The report is based on Above the Law’s Outside Counsel rankings, a broad overview of the 50 firms in-house counsel trust the most when they need outside help.

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Five Ways the Senate Plans to Roll Back Regulations on Wall Street

Five Ways the Senate Plans to Roll Back Regulations on Wall Street

News
If made into law, the legislation would weaken the Dodd-Frank Act and would free dozens of financial institutions from the strictest rules put in place by regulators after the crisis, according to The Washington Post.

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Cryptocurrency Tax Webinar Covers New IRS Scrutiny on Reporting

Cryptocurrency Tax Webinar Covers New IRS Scrutiny on Reporting

Insight
As cryptocurrency has received attention from mainstream media, some investors and traders have made huge profits and some are now experiencing large losses.

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U.S. Bank Cited by Federal Authorities for Lapses on Money Laundering

News
The bank settled the Justice Department charges and cases brought by other regulators by agreeing to pay various fines and penalties totaling $613 million.

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Implied Covenant Will Not Save You From Your Agreement If You Negotiated Away Your Rights

Insight
A Cadwalader, Wickersham & Taft post discusses a decision that underscores the limits on an implied covenant breach claim under Delaware law.

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GC Roles at Large Banks Went Mostly to Women in 2017

GC Roles at Large Banks Went Mostly to Women in 2017

News
The ranks of women general counsel in the Fortune 500 continued to grow in 2017, particularly in the financial services industry, though it remains more male-dominated than other sectors, according to a Bloomberg Law report.

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Commentary: Wells Fargo’s Board Members Are Getting Off Too Easy

Commentary: Wells Fargo’s Board Members Are Getting Off Too Easy

Commentary
Lawrence Summers asks: Why aren’t the Wells Fargo directors who are leaving being named and asked to resign effective immediately with an element of humiliation?

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SEC Halts Dallas-Based Bank’s Cryptocurrency Sale – But Not Before It Says It Raised $600 Million

SEC Halts Dallas-Based Bank’s Cryptocurrency Sale – But Not Before It Says It Raised $600 Million

News
The Securities and Exchange Commission has halted the sale of AriseCoin, saying it was all part of a more straightforward, old-fashioned investment scam, according to The Dallas Morning News.

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When Smart Contracts are Outsmarted: The Parity Wallet “Freeze” and Software Liability in the Internet of Value

When Smart Contracts are Outsmarted: The Parity Wallet “Freeze” and Software Liability in the Internet of Value

Insight
The recent Parity wallet “freeze” provides an example of a coding vulnerability in a smart contract resulting in an exploit that compromises cryptocurrency worth millions, according to Proskauer Rose LLP.

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The Eighth Circuit Raises the Bar for Would-Be Indemnitees

Insight
A federal appellate court has issued an order dealing with indemnification for prior settlements, and it could have a hugely beneficial impact on potential indemnitors, including sellers of mortgage loans as well as insurers, reports Bilzin Sumberg.

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Timing of $24 Million Stock Sale by Intel CEO Draws Scrutiny

Timing of $24 Million Stock Sale by Intel CEO Draws Scrutiny

News
The sales reduced the CEO’s holdings in company stock by 50 percent to the minimum number of shares he’s required to own, according to Intel corporate policy.

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Vendor Risk Management as Applied to Fintech Contracts

Vendor Risk Management as Applied to Fintech Contracts

Insight
Regulatory compliance is an area of fundamental concern – not only for strategic investors – but also for financial institutions contracting for services from financial technology providers, warns Adam Chernichaw of White & Case.

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Two Wells Fargo Execs, Including HR Lawyer, Out After Scandal

News
The former head of a Wells Fargo legal department responsible for employment matters is one of two high-ranking executives who are no longer with the company, reports The Charlotte Observer.

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Financial Restructuring and Banking Partners Join Barnes & Thornburg

News
Barnes & Thornburg LLP has added financial restructuring and banking attorneys Thomas Hoffman and Michael Cavallaro as partners in the firm’s Minneapolis office.

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Legal Symposium to Explore Groundbreaking Terror-Financing Case

Legal Symposium to Explore Groundbreaking Terror-Financing Case

News
Werbner will discuss Linde, et al. v. Arab Bank PLC in a presentation titled, “Fighting Terror-Financing in the Courtroom,” during the State Bar of Texas Litigation Update Institute’s 34th annual course Jan. 11–12, 2018.

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Martin Shkreli’s Former Lawyer May Join Him in Prison for Helping to Defraud Investors

News
Evan Greebel, former lawyer of “Pharma Bro” Martin Shkreli, was convicted Wednesday by a federal jury of conspiring with his ex-client to defraud investors, reports Newsweek.

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HousingWire Webinar: Digital Montgages – Don’t Get Left Behind

HousingWire Webinar: Digital Montgages – Don’t Get Left Behind

Event, Dec. 14, 2 p.m. EST
HousingWire will present a complimentary webinar on digital mortgages on Thursday, Dec. 14, 2017, at 11 a.m. Pacific time / 2 p.m. Eastern time.

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