A few days ago, a trio of federal agencies – the Department of Defense, General Services Administration, and NASA – proposed changes to the Federal Acquisition Regulation (FAR) to require federal contractors to make certain climate-related disclosures, mostly about GHG
Financial
FSB publishes 2022 annual report on promoting global financial stability
On 16 November 2022, the Financial Stability Board (FSB) published its latest annual report on promoting financial stability.
The report, delivered to the G20 leaders ahead of their Bali Summit, describes the FSB’s work to promote global financial stability.
Among…
GLS Capital Recognized in 2022 Global IP Strategist List
GLS Capital, one of the world’s largest private investment firms focused on litigation finance, is honored to have (3) IP Strategists named to IAM’s Global IP Leaders List in 2022, including Adam Gill, Jamison Lynch and Joel Merkin all receiving…
ME Litigation Funding Recognised as Tech Trailblazer
Litigation funders face similar challenges as big banks and traditional lenders, needing to both fulfill their core financial role to customers while also competing within the rapidly evolving marketplace driven by technology. Therefore, it is no surprise that funders who…
Partnership between Sentry Funding and Verify 365 aims to Streamline Compliance Process
As the litigation funding industry continues to mature, the focus of industry leaders will naturally shift from providing the core service of capital provision, to finding ways to innovate and modernize the practice. A new partnership between the UK’s largest…
Digital Asset Mining Company Hit with SPAC-Related Securities Suit
Although there have been literally dozens of SPAC-related securities class action lawsuits filed since January 1, 2021, in recent months the pace of filing of these lawsuits has noticeably slowed. After an extended period when many of these suits were…
Proposed law will increase disclosure of control of trusts
The Trust Property Control Act, 1988 (TPCA) was last amended in 1997. It is a short act that deals on a high level with trust operations and the office of the Master of the High Court as the trust regulator. …
FTC extends deadline for updated Safeguards Rule by six months
On November 15, 2022, the FTC announced that it was extending by six months the deadline for companies to comply with some portions of the updated Safeguards Rule. The extension comes as a welcome relief to companies racing to meet…
New litigation challenges CFPB’s subpoena authority based on Fifth Circuit decision holding CFPB’s funding mechanism is unconstitutional
As the industry continues to digest the Fifth Circuit’s opinion in Community Financial Services Association of America, Ltd. v. Consumer Financial Protection Bureau, which held the Bureau’s funding mechanism to be unconstitutional, new litigation illustrates the challenges that the decision…
Ninth Circuit puts new limits on aggregate statutory awards following remand of nearly $1 billion TCPA judgment
In Wakefield v. ViSalus, Inc., the Ninth Circuit considered whether a jury verdict of $925,200,000 for cumulative statutory damages under the Telephone Consumer Protection Act, 47 U.S.C. § 227 (“TCPA”) was constitutional in light of its harsh severity. After a…