As more states legalize recreational and medical cannabis, more litigation has popped up around the industry. From what is likely the country’s first cannabis patent suit to a wave of civil claims filed by people living near growers and distributors, courts are being asked to decide a variety of disputes that touch on the clash between federal and state laws governing cannabis. Here are several cases in the cannabis world that Law360 is watching in 2019.
Initial public offerings in 2018 soared to their highest levels in four years thanks to a deep pipeline of health care and technology companies, though market volatility caused IPOs to sputter down the stretch and could sober expectations for 2019. Here are six trends to watch.
On the horizon for the financial services industry in the new year are cases that will turn up the heat on the debate over the Consumer Financial Protection Bureau’s constitutionality, test the legality of the much-vaunted fintech banking charter and potentially increase the number of lawsuits from homeowners fighting foreclosure. Here, Law360 examines the cases that experts most often singled out for their potential impact on the industry.
From controversial rules intended to impose a higher standard of conduct on broker-dealers to potential changes to the quarterly reporting system for public companies, the U.S. Securities and Exchange Commission plans to tackle wide-ranging issues in 2019 that could have a lasting impact on long-term investors. Here are six regulatory developments to be on the lookout for.
Insurance attorneys will have plenty to chew on in 2019, with the Connecticut Supreme Court poised to weigh in on multiple issues of first impression regarding coverage for asbestos injury claims and Georgia's high court set to offer guidance on the prerequisites for policyholders to sue their insurers for bad faith.
The U.K.'s financial services face a regulatory reckoning on Brexit in 2019, as well as a shift away from the long-standing Libor benchmark and a deadline for payment protection insurance complaints that have cost banks billions of pounds in compensation. Here Law360 looks at the hurdles facing banks and insurers in the year ahead.
The U.S. Commodity Futures Trading Commission could overhaul swaps-trading rules in 2019, which tops a broad list of priorities that also includes potential action on cross-border matters, position limits and digital currencies as the agency prepares for new leadership. Here is an overview of unfinished business and potential new developments that await the CFTC.
The return of divided government in Washington may put a damper on the prospects for more banking legislation, but federal regulators will have their hands full in 2019 finishing rules to implement the last big banking bill, updating old rules around lending in underserved areas and rethinking their rethink of the Volcker Rule.
In 2019, securities attorneys will be following a U.S. Supreme Court case involving an investment banker accused of committing fraud for forwarding his boss' misstatements, and hoping for additional clarity about how to establish loss causation in stock-drop suits. Here, Law360 looks at four key securities issues for the coming year.
Brooklyn federal prosecutors urged a judge to reject “inflammatory” misconduct claims by former Platinum Partners executives facing fraud charges, saying cooperators were kept secret not to give prosecutors an edge but because of “legitimate fear” of backlash from their cooperation.
UBS AG has agreed to pay $68 million in a settlement with 39 U.S. states and the District of Columbia for manipulating its London Interbank Offered Rate submissions in order to dodge bad publicity and benefit its trading positions, prosecutors said Friday.
The U.S. Securities and Exchange Commission resolved more than a dozen administrative proceedings Friday, many of which became eligible for a rehearing after the Supreme Court's Lucia v. SEC decision earlier this year.
The Commodity Futures Trading Commission and a former UBS AG trader accused of spoofing in precious metals futures markets asked a Connecticut federal judge on Thursday to approve a settlement that fines the ex-trader $100,000 and bars him from commodities trading for a year.
The CEO of a microcap company that makes recreational vehicles was sentenced Thursday to more than four years in federal prison following his conviction in May for a multimillion-dollar securities fraud scheme, the U.S. Attorney's Office in New Jersey announced.
The U.S. Securities and Exchange Commission’s compliance inspections arm said Thursday that it will focus on investment firms dealing in cryptocurrencies when selecting which to examine in 2019, maintaining a priority it set this year.
A Manhattan federal judge on Wednesday suggested prosecutors retrace a five-year investigation into former Deutsche Bank AG traders accused of rigging the London Interbank Offered Rate and delineate it from work by the bank's counsel at Paul Weiss Rifkind Wharton & Garrison LLP.
A Maryland federal judge gave Quinn Emanuel Urquhart & Sullivan LLP a benchslap on Tuesday, saying that nonpublic filings showed the firm had "failed properly to prepare for trial" on behalf of an Israeli national accused of a boiler-room-like scheme involving binary options.
A New York bankruptcy judge told Sears Holding Corp. Thursday it went beyond his order when it sold $900 million in intercompany debt to debtor-in-place lender Cyrus Capital Partners, saying Sears will have to entertain new bids and get a new order in the new year.
A London judge on Thursday ordered a former Barclays trader previously sentenced to eight years in prison for plotting to manipulate a key European interest rate benchmark to cough up £77,354 ($98,000) in criminal proceeds or face an additional three years of incarceration.
A bipartisan bill introduced Wednesday in the U.S. House of Representatives calls for enhanced disclosures by advisers contracted to work on restructuring proceedings in Puerto Rico, citing reports that consultant McKinsey & Co. may be looking out for its own investments in the commonwealth.
A New York bankruptcy court's recent dismissal of Taberna Preferred Funding's involuntary Chapter 11 case reinforces the accepted principle that contractual terms are the best means for liquidating a nonrecourse securitization vehicle — good news for those interested in the stability of the collateralized debt obligation model, says James Bentley of Schulte Roth & Zabel LLP.
A lot has been written about the U.S. Securities and Exchange Commission's decision this summer to deny Bats BZX Exchange's application to list and trade shares of the Winklevoss Bitcoin Trust. The debate that has ensued is really about the role of the SEC, says Buddy Donohue of Shearman & Sterling LLP.
Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.
The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.
Following the 2018 midterm elections and subsequent change in composition of Congress, there are new dynamics at play as to how cryptocurrency, blockchain and distributed ledger technologies will be treated from a legislative and regulatory perspective, say Dina Ellis Rochkind and Lara Kaplan of Paul Hastings LLP.
Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.
The virtual law team was created as a necessary response to mass tort litigation — however, with advances in technology and ever-increasing specialization of the legal practice, the model should be considered in multiplaintiff litigation of any size, say attorneys at Faegre Baker Daniels LLP.
Despite a recent joint announcement by three U.S. Securities and Exchange Commission divisions, several key questions about the commission’s view on cryptocurrencies and initial coin offerings remain unsettled, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.
Predicting how the cybersecurity landscape will develop is critical for any organization wanting to mitigate the risk of the inevitable future attack. Michael Hall of HighQ Solutions Ltd. discusses five threats to look out for in the next 12 months.
Despite lessons from Bernie Madoff's Ponzi scheme that was revealed 10 years ago, financial fraud continues to thrive. Negative history repeats itself on what seems like a daily basis, say attorneys with Quarles & Brady LLP.