Polsinelli PC has hired a trio of food, beverage and consumer goods attorneys from Holland & Hart LLP, bringing on the Colorado-based team's experience handling mergers and acquisitions, securities offerings, regulatory work and capital-raising for emerging growth companies in the industry.
UBS AG has told a New York federal court that the U.S. Commodity Futures Trading Commission’s consent order fining the Swiss bank $15 million over alleged spoofing does not bolster gold sellers’ claims that UBS was part of a conspiracy to manipulate a benchmark price of gold.
The U.S. Securities and Exchange Commission on Friday suspended trading in three penny-stock companies, questioning the accuracy of recent statements they all made claiming substantial acquisitions in assets tied to cryptocurrency and blockchain technologies.
The Swiss Financial Market Supervisory Authority unveiled plans on Friday for regulating digital currency fundraising vehicles, or so-called initial coin offerings, using money-laundering laws or by treating them as securities.
Payments systems should be reworked to make greater use of digital currencies to speed up cross-border payments that are currently slower and more costly than they need to be, a global standards setter said in a report Friday.
Access to electricity in Puerto Rico may be in short-term peril after a New York federal judge on Thursday denied the territory’s insolvent power utility access to $1 billion in emergency financing offered by the island’s central government, finding the superpriority lien attached to the loan unjustified.
A Chicago man was charged with the city’s first criminal prosecution involving the cryptocurrency trading industry on Thursday, as 24-year-old trader Joseph Kim was charged with fraud for allegedly misappropriating $2 million in Bitcoin and Litecoin.
The U.S. Securities and Exchange Commission on Thursday rejected the politically sensitive sale of the Chicago Stock Exchange to a group of Chinese investors, citing “unresolved questions” over the proposed ownership structure and concerns for the regulatory agency’s ability to maintain oversight of the exchange after the sale.
New U.S. Securities and Exchange Commission member Robert Jackson on Thursday urged U.S. stock exchanges to enact policies that limit the advantages of dual-class stock structures that grant extra voting power for company insiders, calling for an end to “corporate royalty.”
Coming off a record-breaking 2017, initial public offerings by special-purpose acquisition companies are poised for another robust year but may fall below last year’s torrid pace, a hedge fund founder told a gathering of business people and lawyers Thursday in New York.
The chairman of an influential Senate committee on Thursday voiced strong opposition to user fees proposed by the Trump administration to supplement funding for the U.S. Commodities Futures Trading Commission, casting doubt on $31.5 million the agency is seeking above its 2018 funding level.
U.S. financial regulators on Wednesday announced plans to review the designation of Prudential Financial Inc. for enhanced regulatory supervision, potentially paving the way for removing the insurer and asset manager from its designation as a systemically important financial institution.
In this monthly series, legal recruiting experts at Major Lindsey & Africa interview management from top law firms about navigating an increasingly competitive business environment. Here we feature Allison Friend, chief human resources officer for Hogan Lovells.
Creditors of Puerto Rico’s ailing power utility on Wednesday offered a $534 million loan in a bid to head off the contentious $1 billion loan the utility is seeking from the Commonwealth, setting up a showdown over who will provide bridge funding ― and receive superpriority liens ― until federal aid dollars arrive.
A group of gold sellers told a New York federal judge Tuesday that a recent Commodity Futures Trading Commission sanctions order against UBS AG shows the Swiss bank should not be allowed to escape a suit accusing a group of international banks of manipulating the benchmark price of gold.
The House of Representatives passed a package of bills Wednesday altering CFPB mortgage disclosure rules, SEC oversight rules and companies’ disclosure requirements, with backers saying the legislation would help encourage growth in the markets.
A New Jersey federal judge on Wednesday sentenced two Russian nationals to federal prison terms for their roles in a $300 million worldwide cyberattack that targeted more than a dozen major corporate networks, including those of NASDAQ and Dow Jones & Co., and compromised more than 160 million credit card numbers.
The Bank of New York Mellon on Monday sought to pare a proposed class action alleging it has been overcharging holders of American depositary receipts for converting their foreign-currency dividends and other cash distributions into U.S. dollars, telling a New York federal judge that a chunk of the investors’ claims are time-barred.
Siemens is reportedly pocketing all the proceeds from the IPO of its Healthineers unit, several banks are in talks to aid a financing effort related to the Blackstone-Thomson Reuters deal and automakers are helping Takata resolve its bankruptcy by giving millions to those hurt by its deadly air bag inflators.
A New York federal judge on Tuesday rejected a broker’s request that the Financial Industry Regulatory Authority turn over its internal documents on a manipulative trading technique called layering, saying sharing them could undermine the regulator’s law enforcement work.
With a recent order from the U.S. Commodity Futures Trading Commission, swap trading market participants are now able to satisfy trading mandates in both the U.S. and the EU. Without this combined effort of regulators, swap dealers and traders would have faced a fragmented market this year, say Stephen Humenik and Uttara Dukkipati of Covington & Burling LLP.
Because courts have not modernized as quickly as companies like Amazon, Tesla and Apple, Americans are becoming increasingly dissatisfied, but technological innovations may be able to help Americans access their due process, says Stephen Kane of FairClaims.
Counsel representing victims of Ponzi schemes should note that the Tax Cuts and Jobs Act eliminates the theft tax loss provisions of the Internal Revenue Code for tax years after 2017. The time to act is now, before this important tax benefit goes away, says Kevin Diamond of Rico Murphy & Diamond LLP.
In a national survey of 378 small law firms, partners ranked client referrals as the most important means of business development. Yet studies reveal that while professional services providers obtain most new clients from existing client referrals, their best new clients — the ones providing the largest pool of investable assets — overwhelmingly come from “centers of influence,” says Frank Carone, an executive partner at Abrams Fensterman.
Chairman Jay Clayton of the U.S. Securities and Exchange Commission recently gave an extraordinary speech reiterating his concerns about initial coin offerings while also adding a new twist. It's gatekeeper liability redux at the SEC, and lawyers connected to ICOs should be watching their backs, says John Reed Stark, president of John Reed Stark Consulting LLC.
Initiatives and legislation in France to cut red tape, reduce taxes and loosen labor laws have caught investors’ attention, highlighting a shift in French business culture that has brought new energy to innovation-dependent sectors like life sciences and software, say Anne-Charlotte Rivière and Kristopher Brown of Dechert LLP.
Lawyers who have left the traditional practice for perceived greener pastures are many. But the circumstances surrounding broadcast journalist Bob Woodruff’s departure are unique. Like none I’ve ever heard, says Randy Maniloff of White and Williams LLP.
As someone who spent half her days last year on the bench presiding over trials, I often find the alarmist calls to revamp the jury trial system a tad puzzling — why is making trial lawyers better rarely discussed? Then along comes a refreshing little manual called "On the Jury Trial: Principles and Practices for Effective Advocacy," by Thomas Melsheimer and Judge Craig Smith, says U.S. District Judge Virginia Kendall of the Northe... (continued)
If the U.S. Supreme Court rules in favor of Raymond Lucia in his pending challenge, the SEC's administrative law judges will no longer be shielded from the executive branch. But litigants will still be at risk of adverse adjudications without full due process protections, says Susan Brune of Brune Law PC.
Initial selection of defense counsel is usually made at the outset of litigation, long before it is known whether the case may actually proceed to trial. Attorneys with McDermott Will & Emery discuss questions in-house lawyers should consider when deciding whether their litigation counsel should remain lead trial counsel in a case proceeding to trial.