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Results: 1-10 of 273

New executive compensation limitations

  • Porter Wright Morris & Arthur LLP
  • -
  • USA
  • -
  • February 5 2009

Yesterday, President Obama announced that the Treasury had adopted new guidelines for financial institutions that are receiving government assistance

Second Circuit affirms dismissal of employees' lender liability WARN Act suit

  • Schulte Roth & Zabel LLP
  • -
  • USA
  • -
  • September 28 2007

The United States Court of Appeals for the Second Circuit on Aug. 30, 2007, affirmed the dismissal of a lender liability class action brought by employees of a defunct originator and seller of mortgages and home equity loans

Order issued finding that certain pension activities are “financial in nature”

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • October 19 2007

On October 12, the Board of Governors of the Federal Reserve System (the Federal Reserve) issued an order to a financial holding company (FHC) determining that the FHC’s acquisition, management and operation of defined benefit pension plans in the United Kingdom established and maintained by unaffiliated third-parties was permissible (with certain restrictions) under Section 4(k) of the Bank Holding Company Act of 1956, as amended, because such activity is “financial in nature.”

New suits allege ERISA breaches resulting from investments in sub-prime mortgages

  • Alston & Bird LLP
  • -
  • USA
  • -
  • October 22 2007

Two new suits have been filed against State Street Bank alleging that it breached fiduciary duties under ERISA by investing retirement plan assets in sub-prime mortgage products through one or more bond funds it operates

California court holds that employment claims by bank vice president are not preempted by the National Bank Act

  • Locke Lord LLP
  • -
  • USA
  • -
  • October 30 2007

Under the National Bank Act (“NBA”), national banks are entitled “to elect or appoint directors, and by its board of directors, to appoint a president, vice president, cashier, and other officers, define their duties, require bonds of them and fix the penalty thereof, dismiss such officers or any of them at pleasure, and to appoint others to fill their places.”

Executive compensation provisions in the Emergency Economic Stabilization Act of 2008

  • Fried Frank Harris Shriver & Jacobson LLP
  • -
  • USA
  • -
  • October 6 2008

The Emergency Economic Stabilization Act of 2008 (the “Act”) imposes new executive compensation and tax requirements on any financial institution that participates in the “troubled asset relief program” (“TARP”

Congress passes new limits on executive compensation paid by troubled financial institutions

  • Dentons
  • -
  • USA
  • -
  • October 3 2008

Congress passes $700 billion financial relief package, which includes substantial new limitations on executive compensation paid by financial institutions that sell troubled assets to the Federal government

Treasury Department imposes new restrictions on executive compensation

  • Hogan Lovells
  • -
  • USA
  • -
  • February 5 2009

Yesterday, the Treasury Department issued its newest restrictions and proposals related to executive compensation

Treasury announces new restrictions on executive compensation under TARP

  • Katten Muchin Rosenman LLP
  • -
  • USA
  • -
  • February 6 2009

On February 4, the White House announced that the U.S. Treasury Department will be issuing new guidelines (Guidelines) on executive compensation affecting companies that are receiving financial assistance from the U.S. government under the Troubled Asset Relief Program (TARP

Treasury announces new restrictions on executive compensation

  • Kilpatrick Townsend & Stockton LLP
  • -
  • USA
  • -
  • February 5 2009

Responding to widespread public outcry over perceived mismanagement of the TARP program, the Treasury Department has issued new guidelines on executive compensation for financial institutions that receive government assistance