By Jane Wester | April 1, 2024
Nasdaq questioned the valuation of the combined company and then said it would only accept Digerati's over-the-counter price for valuation—a move Trident's attorneys described as "crushing."
By Maydeen Merino | March 28, 2024
"As access to advanced AI tools becomes more widespread, it is likely that, at least initially, cyberthreat actors utilizing emerging AI tools will have the advantage," the department reported.
New York Law Journal | Expert Opinion
By Jeffrey B. Steiner, Scott A. Weinberg and Joel C. Haims | March 19, 2024
Mortgage lenders have many things to worry about when a loan goes into default and they seek to enforce their remedies, whether by foreclosing a mortgage or suing on various guarantees. One thing which may not cross their minds, but can cause a delay in enforcement, is whether or not their lending entity is required to be authorized to do business in the State of New York.
By Steve Quinlivan and Kelly Stout | March 18, 2024
A Delaware Court of Chancery decision to invalidate significant portions of a stockholder agreement could have a marked impact on public companies, impacting M&A activities such as joint ventures, settlements with activist investors and minority venture capital investments.
New York Law Journal | Analysis
By Philip M. Berkowitz | March 13, 2024
The New York Department of Financial Services imposed a $30 million penalty on the New York branch of a foreign bank. The fine had nothing to do with employment discrimination or wage-and-hour issues—but it was the outcome of an internal transfer of a single New York-based employee to an overseas affiliate, and is a lesson in how financial services clients are at risk of penalties going far beyond those that are normally imposed by employment law regulators.
By Riley Brennan | March 1, 2024
This complaint was first surfaced by Law.com Radar.
New York Law Journal | Analysis
By Jeffrey Alberts | February 29, 2024
The CFPB adopted a new intra-agency appeals process on Feb. 22, 2024. While the CFPB described its new rules as resulting from its review of revisions that other regulators have made to their intra-agency appeals processes over the past decade, the rules are most noteworthy for how they deny rights that other regulators of financial institutions provide.
By Jane Wester | February 2, 2024
One defendant was arrested while trying to board a flight from JFK to Turkey, prosecutors said, and a third is still at large.
New York Law Journal | Analysis
By Barbara M. Goodstein and Adam C. Wolk | January 31, 2024
In their Secured Transactions column, Barbara M. Goodstein and Adam C. Wolk, discuss the Uniform Special Deposits Act. The act aims to create a set of "clear and executable" rules to govern bank deposits that involve at least two beneficiaries (one of whom may be the depositor) where "the identity of the person entitled to payment is not determined until the occurrence of a contingency identified at the time the deposit is created."
By Jennifer Pastarnack, Johanna Colpritt and Ida Vanto | January 29, 2024
A recent development with credit agreements is that they contain new provisions that expressly preclude "distressed investors" from holding the loans. This article aims to alert readers of the contractual language changes in these agreements and the implications of those changes.
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