James Goldfarb and Steve Crimmins comment on how Justices’ Securities Docket Could Reflect Class-Action Focus.
Did Bank of America and JPMorgan Chase breach their state-law fiduciary and contractual obligations to mutual fund clients by not telling them about certain beneficial fee arrangements?
The U.S. Supreme Court, which has signaled a strong interest in class securities litigation, could resolve the question during its coming term ( Holtz v. JPMorgan Bank N.A., U.S., No. 16-1536, petition filed 6/22/17; Goldberg v. Bank of America N.A., U.S., No. 16-1541, petition filed6/21/17).
Michele Rose, Experienced Securities Litigator, Joins Murphy & McGonigle
Steve Feldman comments on Hobby Lobby’s purchase of smuggled artifacts.
Murphy & McGonigle Partner, Lionel André, was elected to the D.C. Bar Health Law Section Steering Committee. Mr. André will serve a three-year term on the Steering Committee, starting on July 1, 2017. "It is an honor for me to join the Steering Committee for the Health Law Section of the D.C. Bar," André said.
Some of the world’s largest technology companies have backed a Facebook case against a gagging order that prevents it from alerting its customers of a US law enforcement warrant for their data.
The U.S. Office of the Comptroller of the Currency (“OCC”) is the federal agency responsible for chartering national banks. This past March, after a year-long public dialogue with various sectors of the financial services industry regarding “Responsible Innovation in the Federal Banking System,” the OCC “determined that it is in the public interest to consider applications for a special purpose national bank . . . charter from financial technology companies that engage in banking activities.” This innovation is intended to create “a national bank that engages in a limited range of banking activities, including one of the core banking functions, but does not take deposits and is not insured by the Federal Deposit Insurance Corporation.” The agency therefore “anticipates that [chartered fintech firms] likely will elect to demonstrate that they are engaged in paying checks or lending money.”