Antitrust & Trade Regulation › Business Torts › Finance & Banking

LIBOR Going Forward: How Will Dismissal of Antitrust Claims Effect Investigations and Private Claims?

We recently wrote about the dismissal of the plaintiffs’ antitrust claims against banks involved in the LIBOR manipulation scandal for failure to allege an antitrust injury. Since that dismissal, the court has granted...more

In re LIBOR-Based Financial Instruments Antitrust Litigation: A Long Road Ahead

In a self-described “unexpected” ruling for the defendants in the consolidated LIBOR proceedings, Judge Naomi Reice Buchwald has dismissed the private plaintiffs’ antitrust and Racketeer Influenced and Corrupt Organizations...more

FTC Order Against Fraudulent Payment Processor Joins Growing List of Regulatory Actions Involving Third Party Service Providers

Following on the heels of significant regulatory actions by the Consumer Financial Protection Bureau, Federal Reserve, and the FDIC against regulated companies and their third-party service providers, the Federal Trade...more

Risk Management (March 2013) - The New Rules of Consumer Protection: Six Steps for Banks to Manage Third-Party Compliance Risk

Financial services firms now routinely contract outside companies to market new services that these institutions did not develop internally, such as investment and insurance options. More than ever, third parties are...more

Corporate and Financial Weekly Digest - January 4, 2013

In this issue: - CII Submits Rule 10b5-1 Rulemaking Petition to the SEC - ISS Publishes Updated FAQs for its Proxy Voting Policies - CFTC Issues Final Order on Cross-Border Swaps - CFTC Issues No-Action...more

The Implications of Private LIBOR Litigation

Like other major financial controversies, the London Interbank Offered Rate (“LIBOR”) case is spawning private litigation in the United States. The dangers of an antitrust violation include treble damages in private suits...more

Explanation of the Alleged LIBOR Manipulation Scheme

Good background on the alleged scheme to manipulate LIBOR. Via NPR’s Planet Money program, again. About halfway through, the program discusses allegations of interbank agreements to manipulate reported LIBOR rates. (It’s...more

FTC Announces First Actions Against Auto Loan Modification Schemes

On April 4, the FTC released complaints filed recently against two operations allegedly engaged in deceptive auto loan modification schemes. According to the FTC, the two companies and several related individuals instructed...more

FTC Files Case Against Tribe-Affiliated Payday Lenders

On April 2, the FTC announced that it filed a complaint in the United States District Court for the District of Nevada against a payday lending operation that allegedly charged undisclosed and inflated fees, and collected on...more

Here We Go Again: Another Attempt at Recovery for Energy Ratepayers

Another class action lawsuit has been filed against KeySpan Corporation (KeySpan) and Morgan Stanley Capital Group Inc. (Morgan Stanley), claiming damages for antitrust violations resulting from an allegedly illegal swap...more

SEC v. Goldman Sachs & Co. and Fabrice Tourre

SEC v. Goldman Sachs & Co. and Fabrice Tourre Complaint (Form 8-k)

The Commission brings this securities fraud action against Goldman, Sachs & Co. (“GS&Co”) and a GS&Co employee, Fabrice Tourre(“Tourre”), for making materially misleading statements and omissions in connection with a...more

Advertising Law - December 22, 2009

IN THIS ISSUE: *Formula Maker Wins $13.5 Million in False Advertising Suit *Feds Delay New Online Betting Payment Ban *Court Deletes Spam Suit Against Online Ad Company *FTC to Weigh Support of News Industry Please...more

Commodity Futures Trading Comm'n v. Beasley

Pirahna Capital's Reply ISO Motion to Dismiss Amended Complaint

Piranha Capital and Longboat Global reply brief in support of their motion to dismiss the CFTC's amended complaint on the basis that the Commission has still failed to state a claim...more

Commodity Futures Trading Comm'n v. Beasley

Piranha Capital's Motion to Dismiss Amended Complaint

Piranha Capital's Motion to Dismiss CFTC's Amended Complaint after prevailing on motion to force filing of more definite statement as to alleged fraud...more

Commodity Futures Trading Comm'n v. Beasley

Defendant Piranha Capital's Reply ISO Motion to Dismiss Complaint

Defendant Piranha Capital's Reply in support of its Motion to Dismiss Complaint...more

Commodity Futures Trading Comm'n v. Beasley

Defendant Piranha Capital's Motion For More Definite Statement or to Dismiss

Piranha Capital's Motion to Dismiss Complaint...more

Commodity Futures Trading Comm'n v. Beasley

Defendants' Opposition to Motion for Statotory Restraining Order

Defendants' (Longboat Global Funds, Piranha Capital, and Robert Beasley) Opposition to the CFTC's Motion for TRO based on grounds that the CFTC has failed to put forward sufficient evidence demonstrating that either Longboat...more