05/04/2020
Activist investor hedge fund reportedly financing Eko lawsuit against Quibi over Turnstyle feature
The Wall Street Journal reports Elliott Management would get a stake in Eko
Legal, Regulation & Compliance
05/04/2020
America’s Largest Banks Sued By Small Businesses Over Stimulus Application Denials
Via America’s Lawyer: RT correspondent Brigida Santos joins Mike Papantonio to outline lawsuits against big banks like Wells Fargo who have been doling out business loans to their wealthier clients rather than smaller businesses who the federal fund
05/03/2020
New House committee on coronavirus may shift investigatory landscape for federal fund recipients
This Committee’s creation suggests that a number of CARES Act fund recipients may be facing their most visible oversight from a congressional inquiry rather than from an agency enforcement proceeding.
05/03/2020
Activist investor hedge fund reportedly financing Eko lawsuit against Quibi over Turnstyle feature
The Wall Street Journal reports Elliott Management would get a stake in Eko
04/30/2020
American Bank Global Powerhouses Focusing on the Domestic Market First
Pressure and opportunity combine to bring large banks home
04/30/2020
LPL to Acquire $1.5B Wealth Management Practice
The deal is structured as an asset purchase agreement that includes both a payment at closing and potential contingent payments.
04/29/2020
COVID-19 Layoffs Can Mean PBGC Reporting Obligations
PBGC monitors workforce reductions, so plan sponsors must be vigilant.
04/28/2020
Art market enforcement during the pandemic
Art market participants who are engaged in pending or projected transactions that are otherwise subject to regulatory oversight but that have been interrupted by the health crisis must take care not to run afoul of these regulations in the absence of any
04/28/2020
Reporting with accuracy in the midst of the coronavirus
Graver consequences indeed would be faced by anyone foolish enough to ingest detergent, surely.
04/27/2020
All Bark, No Bite: How US Bungled Case of ‘Major’ Money Launderer
The investigation into the Waked family’s alleged criminal enterprise started with an anonymous tip 10 years before Nidal was arrested in May 2016 at the international airport in Colombia’s capital, Bogotá.
04/27/2020
Keith Robinson elected as Fellow of the American College of Trust and Estate Counsel
Keith is one of only two Bermuda lawyers who have been elected as international fellows of ACTEC
04/26/2020
SEC transaction halt highlights unique issues for issuers and investors alike
Concerns include companies claiming the ability to prevent or cure COVID-19 which may result in dramatic increases in value.
04/26/2020
SEC’s Suspension of 23 Companies Demonstrates That Whistleblowers Will be the Key to Holding Coronavirus Fraudsters Accountable
This new wave of whistleblowers incentivized by successful reward laws will play a critical role in combatting coronavirus fraudsters.
04/24/2020
Shearman & Sterling offers lawyers huge holidays on 30% pay
But given the sizeable wedge earned by Shearman lawyers, it would seem more surprising if there were no takers for six months off work on 33% pay. They will just need no school fees, a small mortgage and a vast library of box sets.
04/24/2020
After Slashing Partner Compensation, Biglaw Firm Moves To Stage 2 Of COVID-19 Austerity Measures: Attorney Layoffs (And More)
More cuts at this Am Law 200 firm.
04/24/2020
How Project Libra And COVID-19 Drove Digital Dollar Idea In Congress
Facebook became a focal point in the hearing with respect to how much money is made off of individual’s data.
04/24/2020
Proxy Advisors Issue Guidance on Executive Pay and Governance Changes Due to COVID-19
ISS policies related to private placement issuances are unchanged.
04/23/2020
Old and new rules suggest coronavirus initiatives for private foundations
Discussed below are some situations where existing law creates opportunities for foundations fighting COVID-19.
04/23/2020
IRS Issues Relief to Foreigners Stranded in the United States due to Coronavirus
US tax resident status brings with it taxation and reporting of worldwide income, as well as the risk of a potential US tax bill for (otherwise non-US) employer earnings or for foreign, non-US companies controlled by these potential “accidental&
04/23/2020
California Pension Fund Board Slams CIO for Selling Off Hedges ahead of Coronavirus Market Downturn
Board members told the Journal that they had not been aware of the shift in investment strategy