BY LAUREN MACIAS Federal canon that statutes do not have extraterritorial application includes section 10(b) of the Securities Exchange Act of 1934… Continue Reading>
A FINANCIAL INSTITUTION CLAIMING THAT A POSSESSOR BANK WRONGFULLY REFUSED TO RETURN LOANS AND PROCEEDS TO WHICH A TRUSTEE HAD LEGAL TITLE MUST UTILIZE THE FINANCIAL INSTITUTIONS REFORM, RECOVERY AND ENFORCEMENT ACT’S ADMINISTRATIVE CLAIMS PROCESS BEFORE TURNING TO THE FEDERAL COURT FOR DE NOVO JUDICIAL REVIEW: BANK OF AMERICA NATIONAL ASSOCIATION V. COLONIAL BANK
BY KIRAN K. PATEL The Court of Appeals for the Eleventh Circuit vacated and remanded an injunction from the District Court holding that the antiinjunction provision of Financial Institutions Reform… Continue Reading>
THE SHAREHOLDER BILL OF RIGHTS: MAJOR REFORM OR MINOR ADJUSTMENT?
BY DAVID TOMASELLI In response to the current economic crisis in the United States, legislators and government agencies have proposed aggressive action to achieve financial stability by reducing risk for shareholders investing in publicly-traded corporations. Continue Reading>