Recent Posts

Should Bank Directors’ Fiduciary Duties Be Expanded?
Posted on 14 Aug 2014 by Kevin M. LaCroix

A recurring question is whether bank directors should be held to a more stringent fiduciary duty than are the directors of other kinds of companies. The question has been raised in the current wave of failed bank litigation, as the FDIC has tried to argue... Read More

Cadwalader Clients & Friends Memo: Joint Agencies’ Proposed Rules Governing Incentive-Based Compensation at Covered Financial Institutions
Posted on 10 Jun 2011 by Cadwalader, Wickersham & Taft LLP

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Act") requires seven Federal agencies (the "Agencies") to jointly prescribe regulations or guidelines with respect to incentive-based compensation practices at covered... Read More

Complex Financial Institutions and Systemic Risk
Posted on 26 Apr 2011 by Corporate and Securities Law Community Staff

Spring, 2011 45 Ga. L. Rev. 779 Author: Manuel A. Utset* Excerpt I. Introduction Modern financial institutions are large, complex, highly interconnected, and-compared to nonfinancial firms-fragile. Some have become "too-big-to-fail,"... Read More

Money Laundering Allegations and Follow-On Securities Litigation
Posted on 22 Oct 2015 by Kevin M. LaCroix

In the wake of the 9/11 terrorist attacks, Congress enacted or expanded a number of laws regarding the global financial system in order to combat money laundering and promote national security. As I have noted in prior post (most recently here ), regulatory... Read More