Legal / Fraud

Blank Rome Opens Chicago Office and Adds Four-Partner Group

Blank Rome expanded its national platform to Chicago, with the addition of a four-partner group. The law firm expects the new office to launch upon the completion of certain regulatory requirements. read more

Rabinowitz, Cieplak Join Latham & Watkins FinTech Practice

Mitchell Rabinowitz and Jenny Cieplak joined law firm Latham & Watkins’ Washington, D.C. office as partners in the Financial Institutions and FinTech Industry Groups within the Corporate Department. read more

O’Rourke Appointed Chair of Moritt Hock & Hamroff Corporate & Securities Practice

Law firm Moritt Hock & Hamroff appointed Dennis C. O'Rourke chair of its Corporate & Securities Practice Group. read more

Noah Bank CEO Indicted on Bribery, Fraud Charges

The United States Attorney's Office arrested Edward Shin, the CEO of Noah Bank, for allegedly taking bribes in connection with the bank's issuance of loans and causing the bank to issue loans to companies in which he had a secret interest. read more

Celadon Group to Pay $42.2MM in Restitution for Securities Fraud

Trucking company Celadon Group agreed to pay total restitution of $42.2 million for filing materially false and misleading statements to investors and falsifying books, records and accounts. read more

Fed Fines Standard Chartered $164MM

The Federal Reserve Board has fined Standard Chartered Bank of London and its parent company $164 million for the firm's unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Reserve. read more

PwC Reaches $335MM Settlement with FDIC Over Audits of Failed Bank

The FDIC reached a $335 million settlement with PricewaterhouseCoopers related to professional negligence claims brought by the FDIC against accounting firm arising out of the audits of the failed Colonial Bank. read more

Hercules Capital CEO Steps Down After Charge in College Admissions Scheme

Hercules Capital CEO Manuel Henriquez has voluntarily stepped aside as the firm’s chairman and CEO. According to Bloomberg, the news comes in the wake of Henriquez’s indictment by federal authorities because of his alleged involvement in the college admissions cheating scandal. read more

Wells Fargo CEO Testifies on Company Reforms Before Skeptical Congress

Wells Fargo CEO and President Tim Sloan testified before the House Financial Services Committee, asserting Wells Fargo has become a better bank through ongoing operational reforms. But numerous news services reported this testimony was met with skepticism by Congressional membership. read more

Helmlinger Joins Orrick as Public Finance Partner

Healthcare finance lawyer Robyn Helmlinger joined law firm Orrick as a partner in the Public Finance Group. Helmlinger will be based in San Francisco. read more

Marble Ridge Demands Return of MyTheresa Assets from Troubled Retailer Neiman Marcus

Debt investment firm Marble Ridge Capital sent a letter to the Neiman Marcus board of directors in light of the credit default swap market indicating a greater than 80% probability of default. read more

Former BNY Mellow Legal Exec Goldenberg Joins Reed Smith

Robert Goldenberg joined Reed Smith as counsel in the law firm’s Financial Industry Group. read more

Law Firm Morrison & Foerster Opens Boston Office

Law firm Morrison & Foerster opened an office in Boston to further extend its technology and life sciences capabilities. The move also expanded the firm’s Finance and Emerging Companies and Venture Capital practices. read more

Potter Enters Partnership at Cassels Brock

Carla Potter, co-author of Equipment Financing in Canada, joined the partnership at Cassels Brock & Blackwell in Toronto, Canada. read more

Thompson Hine Elects New Partners

Thompson Hine elected five new partners. David D. Thomas, a member of the Commercial & Public Finance practice group, focuses on commercial financing and advises clients on equipment leasing transactions. read more

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Terry Mulreany
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