Bajeerah LaCava
U.S. Supreme Court: Order Dismissing LIBOR Suit Was Appealable

WASHINGTON, D.C. — (Mealey’s) An order dismissing one case alleging manipulation of the U.S. Dollar London Interbank Offered Rate (LIBOR) that had been consolidated with others in a multidistrict litigation triggered the plaintiffs’...

David N. Feldman
State Crowdfunding Surges Ahead

Let’s give one to the states. Often in their attempt to regulate securities offerings we find states a source of delay and frustration. However, given the snail’s pace at which the SEC is implementing crowdfunding rules mandated by the Jumpstart...

Lisa M. Schaeffer
Supreme Court Grants Cert in Truth in Lending Act Rescission Actions, Remands Cases

WASHINGTON, D.C. — (Mealey’s) In light of the recent ruling in Larry D. Jesinoski, et al. v. Countrywide Home Loans Inc., et al. (No. 13-684, U.S. Sup.) [lexis.com subscribers may access Supreme Court briefs and an enhanced opinion for this...

Jordan D. Maglich
Zeek Founder Seeks To Delay Upcoming Trial

A North Carolina man accused of masterminding a massive Ponzi scheme that caused hundreds of millions of dollars in losses has sought to postpone his trial that was scheduled to start later this month. Paul Burks, who allegedly duped hundreds of thousands...

Mona Shah & Yi Song
Hong Kong Terminates Its Immigrant Investor Program

After Canada terminated its federal immigrant investor program in early 2014, US eliminated another fierce competitor. Yesterday in an unexpected turn of event, Hong Kong indefinitely suspended its Immigrant Investor Program, or the Capital Investment...

Jordan D. Maglich
19-Year Old Nightclub Owner Arrested For $500,000 Ponzi Scheme

A Connecticut teenager has been arrested on numerous criminal charges that he operated a Ponzi scheme that duped friends and family - including his parents - out of $500,000. Ian Bick, 19, was charged with eleven counts of wire fraud, three counts of...