01/04/2024
Mayer Brown adds leading class action and data privacy litigator Anthony Weibell in Northern California
Privacy class actions and internet class action-related litigation are at an all-time high in California and across the country
Legal, Regulation & Compliance
01/04/2024
SpaceX accused of unlawfully firing staff critical of Elon Musk
The complaint also said those involved in the open letter were interrogated before being discharged.
12/29/2023
Ex-JPMorgan banker jailed for horrific crash in $100k new Porsche
Zibarras was sentenced to 18 months in jail on December 23rd after a crash in Oxfordshire in January 2023 left a man in his 30s with life changing injuries.
12/29/2023
Fund Finance Reporting Requirements Proposed by US Banking Regulators
While banks will not be required to report individual names of obligors, banks and borrowers should understand how they will be affected by the ways that regulators and investors use this new information.
12/28/2023
Key takeaways from the SEC’s 2023 enforcement results
SEC distributed $930 million to harmed investors in fiscal year 2023, marking the second consecutive year with more than $900 million in distributions.
12/27/2023
The New York Times sues OpenAI, Microsoft over use of its stories used to train chatbots
Artificial intelligence companies scrape information available online, including articles published by media organizations, to train generative AI chatbots.
12/22/2023
U.S. fund Ripplewood makes offer to take over Orange Bank-Le Figaro
Ripplewood is also willing to take over Orange Bank's 700 employees, the newspaper said.
12/21/2023
White & Case advises Intesa Sanpaolo on US$3 billion notes issuance
The issuance consists of two tranches
12/20/2023
Latham Advises on Sterling and Wilson’s Qualified Institutional Placement
Firm represents bookrunning lead managers on issuance by global renewable EPC solutions provider.
12/20/2023
US Bank hit with multi-million dollar fines over prepaid card programme for the unemployed
Office of the Comptroller of the Currency
12/19/2023
US court approves CFTC settlement against Binance and $2.7 billion penalty
As previously announced, the order finds Binance, at Zhao’s direction, actively solicited customers in the United States
12/14/2023
Santander to buy BNP Paribas' Mexico asset management business
On its website, BNP Paribas lists life cycle, debt and white-label funds for its Mexico asset management business.
12/06/2023
Wall Street bank bosses warn lawmakers of economic toll from tough new rules
The CEOs hope to use the hearing as an opportunity to try to convince key moderate Democratic senators that the rule, which is being led by the Federal Reserve, could stifle lending, hurting small businesses and consumers.
12/04/2023
Ex-Wells Fargo CEO sues bank for $34 million in withheld pay, stock
The scandal drew scrutiny from shareholders and government officials and led the Federal Reserve in 2018 to order Wells Fargo to keep its assets below $1.95 trillion
12/04/2023
Bank of America To Pay $12,000,000 Fine for Repeatedly Breaking the Law, Sending False Information to Regulators
The agency says Bank of America will pay $12 million for repeatedly sending false information to federal regulators.
12/04/2023
U.S. bank CEOs expected to protest regulation push before Congress
The hearing comes amid a fierce industry campaign to kill the "Basel Endgame" proposal
11/30/2023
US Regulatory Update Q3 2023
The new rules require SEC-registered private fund advisers to comply
11/22/2023
SEC Charges Laidlaw & Co. Reps With Excessive Trading, Violating Reg BI
The SEC also charged the firm with failing to adhere to policies and procedures designed to catch evidence of excessive trading in client accounts.
11/21/2023
Blackstone to close multi-strategy fund after assets drop nearly 90%
"This is a small, legacy fund of around $200 million," a Blackstone spokesperson said in an emailed statement.
11/16/2023
Manulife Investment Management to Acquire Multi-Sector Alternative Credit Manager CQS
The transaction is expected to close in early 2024 subject to customary closing conditions and regulatory approvals.