Banking Sector, Corporate Liability

As Predicted, Silicon Valley Bank Failure Will Test Fiduciary Duties Of Officers And Directors Under California Law

Allen Matkins on 1/31/2025

Late last year, I wrote that the the Board of Directors of the Federal Deposit Insurance Corporation had voted unanimously to approve the staff’s request for authorization to file a suit against six former officers and 11...more

Damages Under Dodd-Frank: Federal Court Awards CFPB $59 Million in Unprecedented Penalties and Restitution Analysis

ArentFox Schiff on 11/13/2019

So much to say, so little time. Historically groundbreaking, a federal court in Madison, Wisconsin engaged in the most robust, methodical damages analysis under the Consumer Financial Protection Act, found in Title X of the...more

FinTech Forward: Regulatory Due Diligence in Deal Transactions

K&L Gates LLP on 4/26/2019

In this episode, Linda Odom and Ernest Simons discuss the increase of M&A deals and investors’ due diligence regulatory concerns. The episode also addresses the implications of contracts for consumer, business, and vendor and...more

U.S. Firms Continue to Face Liability for Terrorist Attacks under the Antiterrorism Act

Cadwalader, Wickersham & Taft LLP on 8/31/2018

Last year, a group of U.S. military veterans and the relatives of troops killed in Iraq filed a lawsuit against several large international pharmaceuticals, accusing them of aiding and abetting terrorism by selling products...more

Beyond BSA Compliance: Human Trafficking Corporate Liability for Small Banks and MSBs

Pillsbury Winthrop Shaw Pittman LLP on 5/2/2018

Smaller banks and money services businesses should expand their AML compliance to mitigate human trafficking corporate liability. Aside from the Bank Secrecy Act, federal law creates corporate liability for financial...more

Jesner v Arab Bank: corporate liability under the Alien Tort Statute?

Hogan Lovells on 10/13/2017

All eyes are once again on the Supreme Court of the United States (SCOTUS) as it turns its attention to the application of the Alien Tort Statute (ATS) to companies accused of complicity in human rights violations committed...more