Legal / Fraud

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

APR 11, 2019 - 7:00 am

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

MAR 18, 2019 - 6:55 am

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

MAR 14, 2019 - 7:05 am

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

MAR 13, 2019 - 7:05 am

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

MAR 13, 2019 - 6:35 am

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

MAR 5, 2019 - 6:55 am

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

FEB 5, 2019 - 6:50 am

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

FEB 5, 2019 - 6:45 am

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

FEB 4, 2019 - 6:45 am

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

JAN 14, 2019 - 6:35 am

Wells Fargo reached an agreement with all 50 state Attorneys General and the District of Columbia and will pay $575 million to resolve claims. read more

JAN 2, 2019 - 7:00 am

The law firm of Moritt Hock & Hamroff LLP with offices on Long Island and in New York City announced that Alex D. Corey and Joan B. Lopez have joined the firm. read more

DEC 18, 2018 - 6:25 am

Smith, Gambrell & Russell, LLP opened its 10th office located in Miami. The office will be led by well-known Global Transport attorney Jeffrey S. Tenen, partner. read more

DEC 12, 2018 - 6:30 am

Reuters reported that a federal court in Brazil blocked a proposed joint venture deal between Boeing and Embraer. read more

DEC 7, 2018 - 7:00 am

Vedder Price advised DLL in its closing of DLL 2018-2, an equipment securitization transaction involving the issuance of more than $1 billion of asset-backed notes. read more

DEC 6, 2018 - 6:25 am