Legal updates for: trusts

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The Bad Bet of Offering Self Directed Brokerage Accounts in 401(k) Plans

by Ary Rosenbaum on

... love Las Vegas and I hate to gamble, which explains why I haven’t been to Atlantic City since 1995. I love the sights, sounds, the entertainment, the food, and everything but the gambling. I hate gambling because I don’t like to lose and no matter what people say, the casinos win in the end. As Sam “Ace” Rothstein played by... more

What Can We Expect From The EU General Data Protection Regulation?

by Allen & Overy LLP on

... over three years of discussions at many levels, it is now clear that the proposed EU data protection framework will be revised, and that it will be in the form of a Regulation – the General Data Protection Regulation. The GDPR will replace the current Directive and will be directly applicable in all Member States without the need for... more

Small Business Securities Bulletin: SEC Adopts Long-Awaited Crowdfunding Rules

by Ober|Kaler on

... periodic bulletin keeping small businesses informed about current developments in securities law and related matters. By way of background, pursuant to Section 5 of the Securities Act of 1933 (Securities Act) and state securities laws, any offer and sale of a security must be registered with the Securities and Exchange Commission (SEC) and... more

Second Circuit Upholds District Court Decision, Applies New York’s Six-Year Limitations Period on Contractual Claims

by BuckleySandler LLP on

... November 16, the Court of Appeals for the Second Circuit affirmed the Southern District of New York’s decision to dismiss a leading global bank’s complaint against a nonbank mortgage lender alleging breach of contractual obligations to repurchase mortgage loans that violated representations and warranties. Deutsche Bank Nat’l... more

Don't believe the hype

by White & Case LLP on

... assets may not be the most obviously attractive business units within financial services, but steady profits and the opportunity for consolidation are enough to keep financial sponsors interested. Some of the most noteworthy deals by financial sponsors in the financial services sector since the credit crisis have been in the trust and custody... more

Financial Services Weekly News - November 2015 #4

by Goodwin Procter LLP on

... Developments - SEC Proposes Amendments to Regulation ATS to Shine a Light on Dark Pools: On Nov. 18 the SEC announced that it had issued Release No. 34-76474 proposing amendments to Regulation ATS, applicable to automated trading systems, and new Form ATS-N to be filed by every NMS Stock ATS. Regulation ATS exempts certain automated... more

Obviousness Versus Obviousness-Type Double Patenting

by Foley & Lardner LLP on

...In Prometheus Laboratories, Inc. v. Roxane Laboratories, Inc., the Federal Circuit affirmed the district court’s finding that Prometheus’ claims were invalid as obvious, but in so doing it cited its own precedent regarding obviousness-type double patenting. Is the court blurring the line between these doctrines?... more

State Lands Commission’s CEQA Review of SF Bay/Delta Sand Mining Project Approval Is Adequate, But Fails to Fulfill Obligation to Consider Public Trust Doctrine

by Miller Starr Regalia on

... First District Court of Appeal held the California State Lands Commission’s (“CSLC”) EIR for a project involving the lease of sovereign lands beneath San Francisco Bay for private dredge mining of sand complied with CEQA; however, it partially reversed the trial court’s judgment denying a writ because the record failed to... more

Washington Healthcare Update

by McGuireWoods LLP on

... Week: Congress tries to put together a tax extender package, which may provide an opportunity for some Affordable Care Act changes... HHS releases final rule on bundled payment for Joint Replacement Comprehensive Care Program and releases proposed rule for benefits and marketplace standards.... Congress and the Administration continue focus on... more

Orrick's Financial Industry Week in Review

by Orrick, Herrington & Sutcliffe LLP on

...FHFA Releases 2015 Performance and Accountability Report - On November 16. 2015, the Federal Housing Finance Agency released a report that analyzes its duties as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac for the fiscal year 2015.... more