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On July 11, 2012, in an effort to support the Burmese Government's ongoing economic and political reform efforts, and pursuant to the change in U.S. policy towards Burma first expressed by Secretary of State Clinton in May, the U.S. Department of Treasury's Office of Foreign Assets Control (OFAC) substantially removed the preexisting ban on the export of financial services to Burma and on new U.S. investment in Burma
The United States District Court for the Northern District of Illinois recently refused to certify a proposed class in a dispute against an insurance company selling annuities to seniors because individualized inquiries into the company’s sales presentations precluded satisfaction of the predominance criterion required for certification
With the meltdown of the financial sector in 2008, the Madoff scandal (where a Baker Hostetler attorney serves as Trustee and the firm serves as Counsel to the Trustee), and the passage of Dodd-Frank, most attention is on expected regulatory initiatives
