LexisNexis® Legal Newsroom
David N. Feldman
Tribal Nations to Take Cannabis Cash?

According to Bloomberg, the Native Americans are getting ready to accept cash earned by cannabis growers and sellers who are not able to deposit it in regular banks due to the still federally illegal nature of what they are doing. The report indicates...

Williams Mullen
Operation Choke Point: Lawsuit Against Federal Bank Regulators Survives Motion to Dismiss, Proceeds to Discovery

by Camden R. Webb A federal court in Washington DC has ruled that a lawsuit against federal bank regulators challenging “Operation Choke Point” may proceed. Operation Choke Point is a program begun by the United States Department of...

Jordan D. Maglich
Supreme Court Rejects Time-Based Damages for Madoff Victims

The U.S. Supreme Court refused to hear an appeal over whether victims of Bernard Madoff's historic Ponzi scheme were entitled to an inflation-based upward adjustment of their losses, freeing approximately $1 billion for future distributions to victims...

Arina Shulga
Placement Agents: Part II: When Should You Use a Placement Agent, and How to Pick the Right One?

At this point, having discussed the services a placement agent can provide, the kinds of compensation used, and other important terms to keep an eye on when negotiating for the services of a placement agent, there is still the threshold matter of determining...

Jordan D. Maglich
Lawyers Seek Approval to Distribute Clawback Recoveries to Ponzi Victims

Victims of one of the largest Ponzi schemes uncovered in Ohio could soon receive a partial return of their losses based on efforts by attorneys to "claw back" fictitious profits paid to some investors. Attorneys representing victims of Glen...

Arina Shulga
Placement Agents: Part I: What Are They, What Do They Do and on What Terms?

Raising money for private companies can be a frustrating and stressful experience. Without the kind of access to the investing public that a public company enjoys, and given the kinds of restrictions on who can invest in many types of private placements...