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Lessons learned from Arab Bank’s U.S. Anti -Terrorism Act verdict

  • BuckleySandler LLP
  • -
  • USA
  • -
  • October 21 2014

On September 22, 2014, following a two-month trial, a federal jury in the Eastern District of New York ruled in favor of a group of 297 individual

California district court certifies “not inherently unascertainable” consumer class

  • Carlton Fields Jorden Burt
  • -
  • USA
  • -
  • October 21 2014

In addition to the explicit Rule 23(a) requirements of numerosity, commonality, typicality, and adequacy of representation, an implied prerequisite

CFPB weekly update October 20, 2014

  • Arnall Golden Gregory LLP
  • -
  • USA
  • -
  • October 20 2014

On October 16th, the CFPB’s Student Loan Ombudsman published its 2014 annual report, the third such report pursuant to the Dodd-Frank Act. The report

The legality of “Kye” loans

  • Drinker Biddle & Reath LLP
  • -
  • USA
  • -
  • October 17 2014

A "Kye" (pronounced "keh") is a rotating credit association common among Korean immigrant communities. Members of the Kye contribute a fixed amount

Pennsylvania court recognizes that a payment required by law is not a “voluntary payment” requiring the insurer’s consent

  • Proskauer Rose LLP
  • -
  • USA
  • -
  • October 16 2014

If you are required by law to perform an act, the act is not "voluntary." This proposition may seem obvious enough to most, but one insurer recently

Terminated trust lacks standing to intervene in derivative action

  • Jenner & Block
  • -
  • USA
  • -
  • October 15 2014

In In re Jenzabar, Inc. Derivative Litigation, No. 4521 (Del. Ch. Aug 8, 2014), the Delaware Chancery Court, applying Massachusetts law, held that an

Federal court rules restitution is not uninsurable under Delaware law

  • Jenner & Block
  • -
  • USA
  • -
  • October 15 2014

In July, the United States District Court for the District of Minnesota issued a pro-policyholder decision rejecting an oft-made insurer argument

Privacy & cybersecurity update, issue 3 - October, 2014

  • Jones Day
  • -
  • Australia, Brazil, Canada, Chile, China, European Union, France, Germany, Hong Kong, Ireland, Italy, Japan, Mexico, Netherlands, New Zealand, Russia, Taiwan, USA
  • -
  • October 15 2014

On August 1, the Federal Trade Commission ("FTC") issued a report on mobile shopping applications. In it, the FTC found that such apps often fail to

FTC alleges Bitcoin-mining ads were more than a bit misleading

  • Arnold & Porter LLP
  • -
  • USA
  • -
  • October 15 2014

On September 23, a federal court in Missouri granted a Federal Trade Commission ("FTC") request to freeze the assets of Butterfly Labs, a company

Nevada and D.C. courts give priority of position to HOA assessment "superliens" over first mortgages

  • Womble Carlyle Sandridge & Rice LLP
  • -
  • USA
  • -
  • October 15 2014

Mortgage lenders beware. In late August, the D.C. Court of Appeals rendered a decision in Chase Plaza Condominium Association, Inc. v. J.P. Morgan