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Cohen: Cyprus Is Not A Template For Future Restructurings [Video]

May 3 (Bloomberg Law) -- Rodge Cohen, partner at Sullivan & Cromwell, tells Bloomberg Law's Lee Pacchia why the recent bailout of Cyprus's banking sector was a unique situation and not necessarily a template for dealing with...more

SEC Files Initial Brief in Conflict Minerals Rule Case

The SEC recently filed its initial brief in the case pending in the United States Court of Appeals for the D.C. Circuit in which the National Association of Manufacturers, United States Chamber of Commerce, and Business...more

Credit Crunch Digest -- February 2013

This issue of the Credit Crunch Digest focuses on fines against Royal Bank of Scotland for alleged Libor rate rigging; the Department of Justice’s lawsuit against Standard & Poors; developments in a mortgage-backed securities...more

SEC Files Brief in Lawsuit Challenging Extractive Industry Transparency Rule

On January 2, the Securities and Exchange Commission (“SEC”) filed its brief (.pdf) in the lawsuit brought by the U.S. Chamber of Commerce, the American Petroleum Institute (“API”), the National Foreign Trade Council, and the...more

DISPUTE RESOLUTION: Oil & Gas Litigation: SEC Sued Over Dodd-Frank Extractive Industries Rule

A divided Securities and Exchange Commission (SEC) recently adopted a rule affecting publicly-traded oil, gas, and mining companies. The Commission promulgated these regulations pursuant to Section 1504 of the Dodd-Frank Act....more

CFTC Proposes Guidance on the Cross-Border Impact of Dodd-Frank’s Swap Regulations

For nearly two years, swap market participants have wanted to know how the Commodity Futures Trading Commission (CFTC) would interpret the extraterritorial reach of the Dodd-Frank Wall Street Reform and Consumer Protection...more

The United States government does not have the power to make its obligations a legal tender

The United States Supreme Court, in the case of Julliard v. Greenman (110 U.S. 421), held that: 1) Congress had the power to make its obligations a legal tender in the payment of private debts, and 2) that this power was...more

in Re: Chiquita Brands International Alien Tort Litigation

Opinion & Order on Motion to Dismiss

Plaintiffs allege claims against Chiquita Brands International under 28 U.S.C. sec. 1350, commonly known as the Alien Tort Statute ("ATS'"), for terrorism; material support to terrorist organizations; torture; extrajudicial...more

Conflict Minerals Bill In Suspense File (For Now)

In April, I wrote in this post about SB 861 (Corbett), a California bill intended to put some teeth in the Dodd-Frank Act’s mandate (Section 1502) that the Securities and Exchange Commission adopt disclosure and reporting...more

U.S. Supreme Court Establishes "Transaction Test" to Determine Extraterritorial Reach of Section 10(b) of Exchange Act and SEC...

The Supreme Court's majority opinion in Morrison v. National Australia Bank, Ltd.1 may be as significant for its "bright-line" approach to the presumption against the extraterritorial application of federal legislation as it...more

Securities Litigation, Enforcement, and White-Collar Criminal Defense Newsletter, Summer 2008

In This Issue This edition of the Securities Litigation, Enforcement, and White-Collar Criminal Defense Newsletter opens with an overview of recent trends in enforcement of the Foreign Corrupt Practices Act, an area in...more