Milbank LLP | Global, USA | 29 Jun 2017
On June 8, 2017, the House of Representatives passed H.R. 10, the Financial CHOICE Act of 2017 ("H.R. 10"). 1 Subtitle D, entitled "Eliminating…
Alston & Bird LLP | USA | 30 Oct 2009
Yesterday, the House Committee on Financial Services held a hearing entitled "Systemic Regulation, Prudential Matters, Resolution Authority and Securitization."
Kramer Levin Naftalis & Frankel LLP | USA | 10 Dec 2008
Plaintiffs’ attorneys hoping to find a way around the holding in Rosenberg v. MetLife, Inc., 8 N.Y.3d 359, 834 N.Y.S.2d 494 (2007), which gave employers an absolute privilege against defamation claims for the content of Form U5 filings, were recently dealt a blow by the New York State Supreme Court’s decision in Barclays Capital Inc. v. Shen, 857 N.Y.S.2d 873 (Sup. Ct. N.Y. County 2008).
Jorden Burt LLP | USA | 15 Apr 2008
The meltdown of the U.S. subprime mortgage market continues to generate litigation against money managers and their affiliates.
Duane Morris LLP | USA | 24 Jul 2007
On June 14, 2007, the U.S. Court of Appeals for the Second Circuit affirmed the district court's determination that statements made on an NASD Form U-5 are subject to an "absolute privilege" and therefore do not give rise to liability in a defamation lawsuit.
Locke Lord LLP | USA | 12 Jun 2007
Two March decisions of the New York State Court of Appeals, New York's highest court, as well as a May decision by a lower New York Court, will undoubtedly have some impact in the insurance industry.
Venable LLP | USA | 25 Apr 2007
In a decision of great importance to employers in the financial services industry, the New York Court of Appeals recently held that statements made by a brokerage firm on a Uniform Termination Notice for Securities Industry Regulation form ("Form U-5") are subject to absolute immunity in a suit for defamation brought by a former employee.