Banking Law360 provides breaking legal news and analysis on the banking sector. Coverage includes high-stakes litigation involving banks, as well as federal, state, and international policy developments and corporate deals.
Ballard Spahr LLP announced Tuesday that it has snagged U.S. Securities and Exchange Commission assistant director Dietrich King, who helped lead the agency’s review of e-commerce giant Alibaba’s record-shattering $25 billion initial public offering, to serve as a partner in its Philadelphia office.
Jelena McWilliams, President Donald Trump’s choice to lead the Federal Deposit Insurance Corp., on Tuesday told senators that she would encourage the use of a specialty bank charter that has become a tool for financial technology firms seeking more lending capacity.
The prosecutions of veteran lawyers at two multinational corporations — Keppel and PetroTiger — offer a sobering truth: Those responsible for protecting their companies from corruption-related risks can be held criminally accountable for their lapses in judgment. Recently unsealed court documents shed light on potential pitfalls for both legal and compliance professionals, say Louis Ramos and Benjamin Klein of DLA Piper.
New York law gives beneficiaries powerful tools to investigate and combat corporate trustees’ wrongdoing, as seen in two recent state court decisions. Nobody should assume that a prior release is the end of the story, say Thomas Wiegand and Justin Ellis of MoloLamken LLP.
A New York state judge on Monday rejected German lender DZ Bank’s bid to conduct a bellwether trial in its fraud suit against Morgan Stanley over dud residential mortgage-backed securities it bought from the U.S. bank, expressing concerns that moving ahead with part of the case wouldn’t resolve things any more efficiently.