Dodd-Frank Litigation
Plaintiffs Challenging CFTC Position Limits Dealt Set Back
Derivatives, Litigation As we noted, the International Swaps and Derivatives Association, Inc., or ISDA, and the Securities Industry and Financial Markets Association, or SIFMA, filed a legal challenge to the CFTC’s final rules that limit the positions that investors may own in certain commodities. The Associations believe that the position limits rule may adversely impact commodities markets [...] Read more →
Sentencing Commission Acts on Dodd-Frank
Litigation The United States Sentencing Commission is considering promulgating certain amendments to the sentencing guidelines, policy statements, and commentary. With respect to the... Read more →
Social Media Fraudster Causes Knee Jerk SEC Reaction
Broker-Dealer, Investment Advisers, Litigation, Private Equity The SEC recently commenced an enforcement action against a registered investment adviser who allegedly “offered more than $500 billion in fictitious securities through various... Read more →
One Cincinnati Bell Say-on-Pay Case Settled, Second in Limbo
Employment, Executive Compensation, Litigation, Public Companies and Securities Cincinnati Bell has agreed to settle one of the say-on-pay law suits which is pending against it in the Hamilton County Court of Common Pleas. The lawsuit arises out of the... Read more →
FINRA Proposes Amendment to Conform Arbitration to Dodd-Frank
Broker-Dealer, Employment, Litigation FINRA has filed a proposed rule change to amend FINRA Rule 13201 of the Code of Arbitration Procedure for Industry Disputes to align the rule with statutes that invalidate... Read more →
Kaufman Memorial Securities Law Moot Court Competition
Litigation, Public Companies and Securities Each spring, Fordham University School of Law hosts the Irving R. Kaufman Memorial Securities Law Moot Court Competition. Held in honor of Chief Judge Kaufman, a Fordham Alumnus... Read more →
Faultless Sarb-Ox Clawbacks for CEOs and CFOs – Delay Lets You Negotiate Down
Executive Compensation, Litigation, Public Companies and Securities The SEC has announced that the former chief executive officer and chairman of CSK Auto Corporation, Maynard Jenkins, has agreed to return $2.8 million in bonus compensation and... Read more →
Directors Agree to SEC Monetary Sanctions for Ignoring Repeated Red Flags
Litigation, Public Companies and Securities The SEC announced that three former directors of DHB have agreed to more than $1.6 million in monetary sanctions to settle charges that they were involved in an accounting... Read more →
CFPB Releases Supervision and Examination Manual
Banking, Consumer Protection, Litigation The CFPB has released its Supervision and Examination Manual. The Manual is a guide to how the CFPB will supervise and examine consumer financial service providers under its... Read more →
A Comparison of the Cincinnati Bell and Beazer Say-on-Pay Decisions
Employment, Executive Compensation, Litigation, Public Companies and Securities In Cincinnati Bell, the United States District Court declined to grant a motion to dismiss a law suit resulting from a failed say-on-pay vote (a copy of the decision is available... Read more →