News & Analysis as of

Administrative Proceedings Banks SEC v Jarkesy

Orrick, Herrington & Sutcliffe LLP

Fifth Circuit upholds OCC enforcement action, finding Jarkesy ruling does not bar in-house proceedings

On September 8, the U.S. Court of Appeals for the Fifth Circuit denied a petition for review brought by two former executives of a failed Texas bank, upholding industry bans and $250,000 in civil penalties imposed by the OCC....more

Ballard Spahr LLP

Defendant Challenges FDIC Enforcement Proceeding, Citing Jarkesy

Ballard Spahr LLP on

In one of the first tests of the implications of the Jarkesy decision for other federal regulatory agencies, an individual accused by the FDIC of participating in fraudulent loan activity is asking a federal judge to dismiss...more

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