On April 26, 2017, the House Financial Services Committee (the “Committee”) held a hearing, entitled “A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs.” (Here.) The …
A FINRA arbitration panel recently awarded an investor over $1 million in compensatory and punitive damages related to claims that a Wilbank Securities Inc. broker misled her about the performance …
One remedy the Securities and Exchange Commission (“SEC” or “Commission”) has long relied upon in cases involving broker misconduct is disgorgement. In a nutshell, disgorgement is a remedy that requires …
After the 2016 presidential election, President Trump promised to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (“Dodd-Frank Act”), and the regulations promulgated thereunder. (Here.) The …
The False Claims Act (“FCA” or the “Act”) prohibits businesses and individuals from defrauding the government by knowingly presenting, or causing to be presented, a false claim for payment or …
Litigants and their attorneys who fail to comply with discovery demands and/or discovery orders do so at their peril. Such non-compliance can lead to penalties and sanctions, especially when the …
Last year, this Blog wrote about the importance of assigning title to, or ownership in, a claim, when assigning the right to pursue an action to another party. (Here.) Recently, …
Last month, the Fifth Circuit issued U.S. ex rel Abbott v. BP Exploration and Production, Inc., — F.3d —, 2017 WL 992506 (5th Cir. Mar. 14, 2017), a decision in …
The limited liability company (“LLC”) is a relatively new business form that combines features of a corporation (a separate legal entity and limited liability) and those of a partnership (pass-through …
Did Wells Fargo retaliate against whistleblowers who complained about sales pressure? In the wake of the sale’s scandal last September that led to the ouster of Wells Fargo & Co.’s …
