Financial Services Blog
- Blog: Capital Markets LitigationGovernment Preparing to Rest Its Case in $2 Billion Mozambican Loan Fraud TrialPosted on November 12, 2019 by Alexandra DrozProsecutors are nearing the end of their case after over three weeks of trial for Privinvest Group executive Jean Boustani, who is accused of conspiring to defraud investors in loans made by Credit Suisse and Russian bank VTB to Mozambican state-backed special-purpose vehicles (SPVs). The government alleges that Boustani structured the deals so that the...… Continue Reading The post Government Preparing to Rest Its Case in $2 Billion Mozambican Loan Fraud Trial appeared first on Capital Markets Litigation.
- Blog: Waller Law BlogISS vs. SEC – Rumble in the proxy advisor junglePosted on November 6, 2019 by Marc J. Adesso,Mike Brett
- Blog: Antitrust UpdateClasses Certified in In re Suboxone “Product-Hopping” CasePosted on November 5, 2019 by William F. Cavanaugh, Jr., Amy N. Vegari, Ph.D.Recently, Judge Goldberg in the Eastern District of Pennsylvania certified two classes of plaintiffs asserting antitrust claims based on alleged “product hopping” by the manufacturer of branded tablets treating opioid addiction. In re: Suboxone (Buprenorphine Hydrochloride and Nalaxone) Antitrust Litig., 13-md-2445, 2019 U.S. Dist. LEXIS 166524 (E.D. Pa. Sept. 26, 2019). While declining to certify [...]
- Blog: NextGen Financial Services ReportTrend Analysis: Rise in Automotive Repossession Class ActionsPosted on October 24, 2019 by Ashley R. FickelWith the growth of the automotive loan market, which just this month has been the subject of examination by national publications such as the Wall Street Journal, has come a corresponding rise in auto loan delinquencies. For automotive finance companies, auto repossessions represent a risk for affirmative claims by consumers both on an individual and,...Continue Reading…
- Blog: Offshore Crypto TodayFacebook’s Libra faces more scrutinyPosted on September 17, 2019 by Christopher SimpsonSince its announcement in June, Facebook’s crypto currency “Libra” has faced many questions. Now even more questions are being asked by banks across the globe. Currently, Libra representatives are meeting with officials from 26 central banks, including the US Federal Reserve, according to the Financial Times. The meeting in Basel, Switzerland, will focus on the cryptocurrency’s “scope and […] The post Facebook’s Libra faces more scrutiny appeared first on Offshore Crypto Today.
- Blog: Family Business AdvocatesThe Small Business Reorganization Act – A New Subchapter for Small BusinessesPosted on August 29, 2019 by James Bailey and Andrew J. ShaverSince the 2005 amendments to the Bankruptcy Code, small business debtors have continued to struggle to reorganize effectively under Chapter 11 of the Bankruptcy Code. On Friday, August 23, 2019, President Trump signed the Small Business Reorganization Act of 2019 into law in an effort to address some of these issues. The act aims to... The post The Small Business Reorganization Act – A New Subchapter for Small Businesses appeared first on Family Business Advocates. Continue Reading