The U.K.’s Criminal Finances Act 2017 provides law enforcement with new powers to obtain orders to freeze bank accounts and apply for forfeiture orders, permanently depriving the account holder of the funds contained in the account. These draconian new powers have received little publicity and contain fewer safeguards than unexplained wealth orders and the civil
litigation
SEC Order Seeks to Clarify Steps Forward Following Lucia
In a previous GT Alert, we summarized and analyzed the Supreme Court’s June 21, 2018, decision in Lucia v. Securities & Exchange Commission, 138 S. Ct. 2044 (2018). That GT Alert cited the SEC’s 30-day stay of “all administrative proceedings” “before an administrative law judge” and foretold continued uncertainty concerning the status of administrative…
The US Attorney, CFTC, and Navinder Sarao
We have previously provided updates1 on the Navinder Singh Sarao case, pending in the U.S. District Court for the Northern District of Illinois. After being charged in February 2015 with fraud and spoofing related to the 2010 Flash Crash, Sarao, then resident in the United Kingdom, fought a yearlong, multiple-appeal battle against extradition, before…
Greenberg Traurig Hosts the Program ‘Emerging Issues in Banking, Consumer Finance, and FinTech Litigation’
By Greenberg Traurig on
On Oct. 25, please join Greenberg Traurig’s Class Action Litigation and Consumer Financial Services Litigation Practice Groups in the presentation titled “Emerging Issues in Banking, Consumer Finance, and FinTech Litigation” in our Silicon Valley Office or via Webinar.
While the finance capitals of the world have traditionally been in places like New York, London, and…
Unclaimed Property Litigation Update: Victories on the Horizon for the Holder Community?
By Brooke E. Ehrman‡ on
Posted in Unclaimed Property & Escheat
In recent years, states have become more and more aggressive in pursuing unclaimed property as a means of increasing revenue without increasing taxes. States have enacted and modified unclaimed property legislation expanding the scope of what constitutes escheatable property, shortening applicable holding periods and intensifying audit efforts. Heightened attention on unclaimed property has resulted in…
Three Greenberg Traurig Shareholders to Speak at Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
By Greenberg Traurig on
Greenberg Traurig Shareholders Michele L. Stocker and Jennifer L. Gray, both co-chairs of the Consumer Financial Services Litigation Practice, as well as Shareholder Murray B. Silverstein, will be speaking at the 2016 Mortgage Bankers Association (MBA) Legal Issues and Regulatory Compliance (LIRC) Conference. This four-day event will take place May 1-4, 2016, at the Hyatt Regency Denver at the Colorado Convention Center.
Stocker will be presenting on the panel “Major Litigation Update – Cases and Trends Affecting the Industry,” taking place at 1:30 p.m., Monday, May 2. This panel of litigators will recap major litigation, including recent cases heard by the Supreme Court, U.S. Courts of Appeal, and other federal courts affecting the industry. Other major cases and case trends in major state court actions will also be considered.Continue Reading Three Greenberg Traurig Shareholders to Speak at Mortgage Bankers Association Legal Issues and Regulatory Compliance Conference
Tyson Foods, Inc. v. Bouaphakeo: Supreme Court Upholds Use of Statistical Evidence in Class Actions
By Jeff E. Scott on
This week, the Supreme Court issued its decision in Tyson Foods, Inc. v. Bouaphakeo, 577 U. S. ___(2016). The key issue addressed is whether class certification was proper in a FLSA case where the methodology used to establish damages was determined by expert sampling and assumptions about how long it would take certain categories…