In Frank v. Frank, co-trustees filed suit in federal court seeking declarations regarding their authority and potential liabilities. No. 3:22-cv-01757-M, 2023 U.S. Dist. LEXIS 226439 (N.D. Tex. December 20, 2023). There was an earlier dispute, which was settled resulting in
Financial
Embarrassing but Important Correction
As you know from prior posts, if I do anything well, then it’s public self-deprecation. And, thus, I’m embarrassed to admit that I wrongly attributed the In re Carter (Bankr. N.D. Ga. Dec. 13, 2023) Sub V opinion to Judge Sage…
Search and seizure operations by SARS not only for taxpayer
In March 2024, the Supreme Court of Appeal held that SARS lawfully seized a director’s property during a search and seizure operation conducted at the premises of the company.
SARS had obtained a warrant from the high court in terms…
Does the Plaintiff Law Firm Matter in Securities Suit Outcomes?
We have all seen the various league tables showing which plaintiffs’ firms have had the highest average securities class action settlements. But do these firms wind up at the top of the tables because they produce better outcomes for the…
Wholesale energy markets: Council adopts law to protect against market manipulation
On 18 March 2024, the Council of the EU adopted a draft Regulation to protect the wholesale energy market against market manipulation.
The draft Regulation will reinforce market surveillance in the European Union and ensure open and fair competition in…
IA guide on operational resilience
On 18 March 2024, the Investment Association (IA) published a guide ‘Operational resilience: severe but plausible (SBP) scenarios’.
The guide directly builds upon the IA’s previous member guidance on scenario testing from December 2021 and this new guide represents the…
FSB updates 2016 guidance on arrangements to support operational continuity in resolution
On 18 March 2024, the Financial Stability Board (FSB) published a revised version of its 2016 guidance on arrangements to support operational continuity in resolution.
The 2016 guidance assists supervisory and resolution authorities, and financial institutions to evaluate whether financial…
DOJ launches whistleblower pilot program and cracks down on artificial intelligence misuse
Following a year of new DOJ policies and guidance designed to incentivize companies to self-report misconduct and to cooperate with government investigations, the DOJ has added a new pilot whistleblower rewards program. In their remarks at the American Bar Association’s…
Zachary Segal Joins LCM as an Investment Manager
Litigation Capital Management (LCM) has announced that Zachary Segal has joined the team as an Investment Manager.
In a post on LinkedIn, LCM announced the new hire to their over 3,600 followers.
Segal has more than 20 years of…
Member Spotlight: Louisa Klouda
Louisa Klouda is the founder and acting CEO of Fenchurch Legal. She set up the business in early 2020, after identifying a gap for additional small-ticket litigation funders in the UK market.
Louisa is responsible for day-to-day operations, strategic direction…