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  • Court Holds Online Poker Accounts are FBAR Reportable

    In United States v. Hom , [ enhanced version available to lexis.com subscribers ], 2014 U.S. Dist. LEXIS 77489 (N.D. CA 2014), here , Hom was an online gambler who held accounts at two online poker companies, PokerStars and PartyPoker. He used a financial...
  • Carey on Disclosure Requirements and Private Transactions

    In a loan transaction, the full disclosure representation is either revered or reviled depending on your side of the transaction. Counsel to sellers and borrowers need to know why this representation should be narrowed or eliminated from private deals...
  • The Perfect Storm: Legal Issues Surrounding the Subprime Mortgage Lending Crisis

    Robert M. Jaworski analyzes the "perfect storm" that has hit the subprime mortgage industry--including what caused the storm and what the effects of the storm have been. Mr. Jaworski writes: Speculation and fraud also played a part in this...
  • Is a Mitt Romney Candidacy Good for Private Equity?

    Mitt Romney puts his business background at the front of his campaign message. As the current front-runner for the Republican nomination, his background is going under increased scrutiny. Since his business background is in private equity, the industry...
  • Podcast: The Volcker Rule and the Dodd-Frank Wall Street Reform Act - The Impact on Banking and the Securities Market

    On this edition, Derek Bush of Cleary Gottlieb and Mark Perlow of K&L Gates discuss the Dodd-Frank Act and the Volcker Rule and its impact on securities markets and the banking industry. They discuss what banks will and won't be able to do, including...
  • Cross-Border Business Benefits of Malta Tax System--US-Malta Treaty

    By Sanford J. Davis, Mitchell R. Kops, William Kambas and Theodore Ahlgren Excerpt: 2011 Emerging Issues 5869 SUMMARY : Malta has emerged as an increasingly attractive jurisdiction for multinational enterprises. In recent years, Malta has...
  • A Failed Bank, A Lawsuit, And Some Interesting Questions

    Though 268 banks have failed since January 1, 2008, there has been relatively little litigation related to the failed banks, as least so far. For example, the FDIC only recently filed its first action against former directors and officers of a failed...
  • JPMorgan Agrees To Pay Nearly $700 Million To Settle Claims With Lehman Brothers

    NEW YORK - (Mealey's) JPMorgan Chase Bank NA on Feb. 1 agreed to pay nearly $700 million to bankrupt Lehman Brothers Holdings Inc. (LBHI) that JPMorgan had been previously paid for "purportedly secured claims against LBHI on the basis that, as...