LexisNexis® Legal Newsroom
Judith Gross
'Finding' Hedge Fund Investors Just Got A Bit More Difficult

The hedge fund world has always walked a fine line when it comes to attracting new investors. And nowhere has this line been thinner than the one between "finders" and "solicitors" - the parties who act as the middlemen in the investor...

Kevin M. LaCroix
Under Scrutiny, FDIC Posts (Some) Failed Bank Suit Settlements Online

Possibly as a result of a barrage of recent press criticism for its nonpublic settlements, the FDIC has launched a page on its website to publish details regarding the settlements it has reached in failed bank claims. The page, which can be found here...

Ballard Spahr LLP
Ballard Spahr Alert: CFPB Issues Proposal To Supervise Student Loan Servicers

The Consumer Financial Protection Bureau has issued a proposal to supervise nonbank servicers of private and federal student loans who qualify as "larger participants" in the student loan servicing market. Comments on the proposal will be...

Michael J. Lello
Federal Judge Approves TD Bank’s $62M Settlement in Overdraft Litigation

MIAMI - (Mealey's) A federal judge in Florida on March 18 approved TD Bank NA's $62 million settlement that will allow the bank to exit a multidistrict litigation in which class members allege that several banks manipulated the order of debit...

Senator Coburn to Director Cordray: "I Think You've Done A Wonderful Job" But..

by Richard E. Gottlieb If Republicans hate the current makeup of the CFPB, they don't appear to share a hatred for Director Rich Cordray. Press reports suggest that there is little or no personal animus against the current Director, but those...

Mona Shah & Yi Song
How the ACCC Scandal has Disturbed the EB-5 Market in China – Current Market Trends and Updates

Introduction: On February 6, 2013, the Securities and Exchange Commission (SEC) charged the EB-5 project A Chicago Convention Center (ACCC) and its principal Anshoo R. Sethi with securities fraud. The project was marketed primarily in China, with...