U.S. News & Best Lawyers selected Murphy & McGonigle as a National Tier One Law Firm.
“Chinese Mega-IPO Goes Public in a Globalized Capital Market,” ABA International Law Section, Montreal, October 23, 2015
The Commodity Futures Trading Commission (“Commission”) recently entered an order finding that Coinflip, Inc. d/b/a Derivabit (“Coinflip”), an unregistered Bitcoin options trading platform, and its founder and CEO, Francisco Riordan (“Riordan”) violated Sections 4c(b) and 5h(a)(1) of the Commodity Exchange Act (“CEA”), and Commission Regulations 32.2 and 37.3(a)(1). The action is based on the Commission’s finding, for the first time, that “Bitcoin and other virtual currencies are encompassed in the definition [of ‘commodity’] and are properly defined as commodities.” The Commission made this finding without discussion other than to note that Section 1a(9) of the CEA defines “commodity” to include “all services, rights, and interests in which contracts for future delivery are presently or in the future dealt in.” The Commission did not impose penalties against either respondent.
Murphy & McGonigle's Robertson Park was quoted in a Bloomberg.com article,"New York Libor Trial Tests U.S. Ability to Do What U.K. Has Done."
New and developing court rules, case law and even some state bar ethics opinions send a clear message: the modern litigator must have a basic understanding of the process of discovering electronically stored information (ESI), including the capabilities and limitations of technology and how the process is viewed by a judiciary increasingly comfortable with the topic. The proliferation of electronic data associated with litigants of all types and sizes, whether corporate or individual, means a litigator must understand not only how to identify where clients and opposing parties keep documents, but how to leverage the available tools to efficiently analyze those documents and opponents' productions.
The “increasing extent to which regulators and prosecutors have come to rely on consultants to investigate suspected bank wrongdoing” is a confounding problem (“Banks, Consultants and Justice Deferred,” editorial, Aug. 20).