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'Extraordinary Payments,' SEC Escrow Authority at Issue in Key 9th Circuit Decision
The 9th Circuit recently issued a decision in a closely-watched case, endorsing the Securities and Exchange Commission's first exercise of its authority under �1103 of the Sarbanes-Oxley Act. That provision authorizes the SEC to get an escrow order freezing assets when it establishes in a federal district court that a public company is likely to make an extraordinary payment to an officer, director or agent while the agency is investigating whether the company or that person has violated securities laws.Hurricane Katrina: The Emerging Jurisprudence
Hurricane Katrina was responsible for taking more than 1836 lives and causing over $81.2 billion in damages -- making it the most expensive natural disaster in U.S. history. So far, the insurance industry has paid over $40 billion in connection with Hurricane Katrina claims, and reports indicate that there are well over 1100 pending lawsuits. Attorneys Lynn K. Neuner and Hayley Urkevich discuss five decisions that provide an insightful overview of the emerging jurisprudence surrounding Hurricane Katrina.Cite as: MBIA Inc., et al v. BN AMRO Bank, N.V. 601475/09, NYLJ 1202477729572, at *1 (App. Div., 1st , January 11, 2011)Before: Peter Tom, J.P.; Angela M. Mazza
Cite as: In re American International Group, 08 Civ 4772, NYLJ 1202472640317, at *1 (SDNY., Decided September 27, 2010)Judge Laura Taylor Swainp class="dec
Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.
The SEC nominee and her husband have amassed assets of at least $16 million, according to a financial disclosure form filed by the Debevoise & Plimpton partner. White also revealed that her husband, John White, plans to convert from equity to nonequity status at Cravath, Swaine & Moore upon her confirmation.
10 Survival Tips For First-Year Associates
Fresh out of school, armed with a law degree and a passing grade on the bar exam, first year associates don't have a clue when it comes to practicing law. These 10 survival tips come straight from the source: junior partners and senior associates, all of whom started their practice in top-notch law firms.State AI Legislation Is on the Move in 2024
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