Warburg Pincus LLC has tapped Timothy Geithner, former secretary of the U.S. Department of the Treasury, to serve as president and managing director of the global private equity firm, according to a Saturday statement.
Davis Polk & Wardwell LLP said Monday it has picked up a lawyer from Ashurst with a specialty in domestic and international leveraged finance deals as well as financial restructurings for its London office.
Janet Yellen will face a host of questions about the Federal Reserve's bond-buying policies and implementation of the Dodd-Frank Act's rules for financial institutions at a confirmation hearing set for Thursday, but few expect the hearing to derail her confirmation as the next Fed chairwoman.
President Barack Obama on Tuesday tapped Timothy Massad, a top official at the U.S. Department of the Treasury and former Cravath Swaine & Moore LLP partner, to take over as chairman of the U.S. Commodity Futures Trading Commission.
GrayRobinson PA has added a former Federal Deposit Insurance Corp. counsel with experience in complex commercial litigation, including bankruptcy, contracts, professional liability and real estate, to its banking and finance practice group in its Fort Lauderdale office.
Quinn Emanuel Urquhart & Sullivan LLP has added a former Cleary Gottlieb Steen & Hamilton LLP partner and white collar specialist to its Washington, D.C., office, the firm said Thursday.
McCarter & English LLP has bolstered its business and financial services litigation practice at its Newark, N.J., office with the addition of a COR Clearing LLC attorney who has experience in insurance, securities and the prosecution of white collar crime.
Kilpatrick Townsend & Stockton LLP said Wednesday it is beefing up its e-discovery and privacy practice areas by bringing on Bank of America Corp.’s global discovery counsel to its Winston-Salem, N.C., office.
Troutman Sanders LLP has bolstered its financial services litigation team in San Diego and Washington, D.C., with the additions of a former Goodwin Procter LLP attorney who defends consumer class actions and a former Reed Smith LLP lawyer who handles high-stakes civil cases, the firm said Friday.
White & Case LLP will bolster its South African banking and project finance practices with the addition of five partners to its Johannesburg office in early 2014, including three lateral hires, the firm announced Monday.
Winston & Strawn LLP announced Friday that a former broker-dealer regulator at the American Stock Exchange and the U.S. Securities and Exchange Commission had joined the firm as a partner in its New York office, boosting its financial services practice.
Akerman Senterfitt LLP added a former top Florida financial regulator to its team on Oct. 14 as the financial institutions policy adviser in its Tallahassee office.
King & Spalding LLP has snagged a former senior managing counsel and managing director from The Bank of New York Mellon Corp. to be a partner in its financial institutions practice as well as its capital transactions and real estate group in New York, the firm said Tuesday.
New York's attorney general on Wednesday promoted one of his prosecutors, former Bernstein Litowitz Berger & Grossmann LLP securities litigator Chad Johnson, to lead the state's investor protection bureau amid efforts to recover on mortgage-crisis abuses and stem forms of alleged insider trading.
Cozen O'Connor has added five new partners to its New York-based litigation team, increasing its size to more than 40 attorneys specializing in product liability defense, securities, complex contract disputes and other sectors, the firm announced Tuesday.
Two former Montgomery McCracken Walker & Rhoads LLP attorneys have joined McCarter & English LLP to bolster the firm’s corporate, securities and financial institutions practice group in its Philadelphia office, the firm announced Friday.
A former U.S. senator with experience litigating white collar and anti-money laundering disputes will join Boston-based law firm Mintz Levin Cohn Ferris Glovsky and Popeo as of counsel, and will also run the firm's policy consulting group, the firm said Tuesday.
The U.S. Securities and Exchange Commission’s chief trial lawyer, who made headlines for taking down former Goldman Sachs Group Inc. trader Fabrice Tourre, is heading into private practice at WilmerHale, the firm said Wednesday.
Boies Schiller & Flexner LLP has lured a securities and banking litigation pro from Bingham McCutchen LLP to serve as the managing partner in its new London office, its first office outside the U.S., the firm said Tuesday.
Jones Day said Monday it has bolstered its health care and life sciences practices by adding a former assistant U.S. attorney and head of the civil frauds unit in the U.S. Attorney’s Office for the Southern District of New York to its Manhattan office.
When an estate planning client dies, the attorney-client privilege continues to bind the attorney regarding communications with third parties, just as it did while the client lived. What does change upon the death of a client, however, is the status of that client’s agents — such as accountants, financial advisers and bankers, says Joseph Marconi of Johnson & Bell Ltd.
A recent decision from the D.C. Circuit is good news for banks facing an ongoing crush of garnishment litigation. The decision in Heiser v. Islamic Republic of Iran reduces the universe of blocked accounts that are subject to turnover under the Terrorism Risk Insurance Act and may persuade the Second Circuit to take the same approach in a pending appeal, say Mark Hanchet and Chris Houpt of Mayer Brown LLP.
While existing risk management protocols and alternative investment compliance policies may be sufficient to integrate Bitcoin, financial services firms should nevertheless keep abreast of regulatory developments, including those in money transmission laws. With Bitcoin's global reach, foreign exchange regulations may become more relevant than before, say attorneys with Reyhani Nemirovsky LLP and investment analyst Daniel Gallancy.
Since the U.S. Supreme Court's decision to review CLS Bank International v. Alice Corp. was announced on Dec. 6, the wires have been flooded with alarmist articles, but fears that software patents could be categorically excluded from patent eligibility by judicial decree are misplaced, says Linda Thayer of Finnegan Henderson Farabow Garrett & Dunner LLP.
In light of the proposed e-discovery amendments to the Federal Rules of Civil Procedure, businesses need to set themselves up to efficiently respond to discovery and requests for information from their counsel by implementing and following document-control policies as part of normal business practices. The failure to do so will eventually consume vast amounts of employee time, say Steven Cvitanovic and Colin Murphy of Haight Brown & Bonesteel LLP.
The Second Circuit’s opinion in Halebian v. Berv — a significant departure from its own oft-cited Joy v. North decision — highlights that a derivative plaintiff’s entitlement to discovery, if any, is inversely proportional to the showing made by a special litigation committee in support of its motion to terminate, says Donald Corbett of Lowenstein Sandler LLP.
Condominium developers are turning to the buyer-financed model to fund the pre-construction and construction phases of their projects. But a recent Florida Supreme Court ruling complicates things for realtors and lawyers who do not identify and inform their buyers of the risks of this development model, says Andrew Hall of Hall Lamb and Hall PA.
Any bank that interacts with a municipal entity should review the new municipal adviser rules to ensure that its activities are in compliance. Advice to a municipal entity or obligated person, for example, about the purchase of guaranteed investment contracts, municipal derivatives or investment strategies, could cause a bank to be deemed a municipal adviser, say attorneys with Goodwin Procter LLP.
A Georgia federal court recently ruled in Metro Brokers Inc. v. Transportation Insurance Co. that an all-risk insurance policy did not provide coverage for online fraudulent withdrawals from the company’s bank account. This decision offers guidance as to how a court may treat a policyholder’s claim under a traditional all-risk policy and the effect of broad computer fraud exclusions, says James Kitces at Robins Kaplan Miller & Ciresi LLP.
While capital call facilities for true open-end funds have been relatively rare, the opportunity is ripe for new market entrants. A traditional facility would not be feasible for an open-end fund, but a few structural tweaks should do the trick, say attorneys with Mayer Brown LLP.