Corporate
Deutsche Bank Rebuffs $14 Billion Settlement Demand in U.S. Mortgage Probe
News
Deutsche Bank AB is saying it has no intention of paying the U.S. Justice Department’s demand of $14 billion to settle high-profile probes into its packaging of mortgages in the run-up to the financial crisis, reports MarketWatch.
Strengthening the Board’s Oversight of M&A
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The National Association of Corporate Directors has made available a free executive summary of “Director Essentials: Strengthening the Oversight of M&A.”
White Paper: Electronic Signature Security & Trust
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It is important to make sure your electronic signature provider meets the highest security standards, according to a white paper from eSignLive. Security is at the core of a trusted digital experience between you, your employees and customers.
SEC Takes Aim at GC for Response to DOJ Investigation
News
The Securities and Exchange Commission has filed civil fraud charges against the general counsel of Ohio-based chemical company RPM for allegedly mishandling the response to a U.S. Department of Justice investigation, Bloomberg Law reports.
Mike Lynch’s Invoke Capital Aims to Replace M&A Lawyers With Robots
News
Venture firm Invoke Capital is betting that a startup using artificial intelligence to “think like a lawyer” can automate due diligence in mergers and acquisitions and replace the armies of lawyers needed to close billion-dollar deals, reports Bloomberg Law.
Webcast: Introduction to Digital Transformation with Electronic Signatures
Event, Sept. 21, 2 p.m. EDT
eSignLive by Vasco is sponsoring an online presentation providing an overview of the basic terminology, concepts, and laws related to electronic signatures and answer the most frequently asked questions on the topic.
How Ransomware Became a Billion-Dollar Nightmare for Businesses
News
The FBI says ransomware attacks cost their victims a total of $209 million in the first three months of 2016, up from $24 million in all of 2015. And the real number could be much higher if unreported attacks are considered, reports The Atlantic.
Nationwide Layoff Watch: Mass In-House Layoffs After Mega-Merger
News
SABMiller has confirmed that at least 35 in-house lawyers will be made redundant upon the finalisation of its merger with Anheuser-Busch InBev in October.
Download: 2016 Law Firm Benchmarking Report
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Exterro is offering for free downloading a benchmarking report discussing why changing legal business circumstances will force firms to find ways to increase productivity or risk revenue loss.
Law Enforcement ‘Not Winning’ War on White-Collar Crime
News
One participant suggested that the publication of the Panama Papers, which revealed how wealthy individuals used elaborate corporate structures and offshore tax havens to obscure their ownership of assets, would lead to less transparency
Fearing Lawsuits, U.S. Banks Set Sky-High Limits for Director Pay
News
A growing number of U.S. banks has capped their directors’ earnings, but the ceilings are so high that they primarily serve to fend off potential shareholder litigation rather than control the pace of pay increases, Reuters reports.
Download: What It Takes to Be an Effective General Counsel
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The National Association of Corporate Directors is offering free downloads of an article featured in the association’s July/August issue of NACD Directorship magazine, Tom Sager’s “How to Win at War.”
Viacom Top Lawyer’s Fate Highly Uncertain After Months of Corporate Infighting
News
Viacom general counsel Michael Fricklas finds his job hanging by a thread as Viacom works through a months-long legal battle with founder Sumner Redstone for control of the media giant, reports The Hollywood Reporter.
To Really Improve Corporate Culture and Compliance Effectiveness, It Must Be Measurable
Insight
The evaluations of culture and compliance effectiveness are empirical issues, writes Jose Tabuena. The elements of a compliance program and vague indicators should not be taken on faith.
Fugitive Ex-CEO Who Fled Country Wants Judge to Release Him on Bail
News
The 64-year-old ex-CEO of Comverse Technology Inc. moved to Namibia before he was formally charged in 2006 in a scheme involving the backdating of stock options at Comverse.
Strengthening Oversight of M&A: Executive Summary
Insight
With merger and acquisition activity continuing to shift the business landscape, directors can benefit from learning the size and scope of this trend and how it relates to their board responsibilitie.
Survey Highlights Outsourcing Growth, Disconnect Over Billing and Communication Issues
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The 2016 IADC Inside/Outside Counsel Relationship Survey reveals information about the growth of legal services outsourcing and related trends, as well as areas in which lawyers on both sides see room for improvement, including billing and budgets, and communications.
Comprehensive Study: How Third-Party Risks are Managed Within Organizations
Survey
Participants in the study beingn conducted by Phase 5, an independent market research firm, will receive complimentary copies of the final report.
Is $88,500 Salary Too Much for a Deputy General Counsel?
News
Bloomberg Law examines a lawsuit involving U.S. Transportation Secretary Anthony Foxx, who is the target of an attempt to recover salary Foxx collected during his three-and-a-half year tenure as a now-defunct company’s deputy general counsel.
7th Circuit: Walgreens, Shareholder Settlement Little More Than $370K Payday for Lawyers
News
The type of class action illustrated by this case – the class action that yields fees for class counsel and nothing for the class – is no better than a racket,” wrote Judge Richard Posner.
