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New York's Martin Act does not preempt an investor's common law claims

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • January 3 2012

On December 20th, New York's highest court held that the Martin Act, the state's blue sky law, does not preempt an investor's claims for breach of fiduciary duty and gross negligence

FDIC votes to adopt clawback rule

  • Winston & Strawn LLP
  • -
  • USA
  • -
  • July 11 2011

On July 6th, Reuters reported that the FDIC has voted to adopt new rules governing when and how it will "clawback" compensation from executives of failed financial institutions