- Loan servicers prepare to throw large sums at making “forced placed insurance” class actions go away [Kevin Funnell]
- How Are Small Banks Faring Under Dodd-Frank?
[Hester Peirce, Ian Robinson, Thomas Stratmann, Mercatus]
- “How the Feds Can Take Even Legally Earned Bitcoins” [Peter Coy, Business Week]
- “No Shame Dept.: Lawyers Sue Over Practically Every Merger, Again” [Daniel Fisher]
- Brewster Kahle on Know Your Customer: “‘Bank Secrecy Act’ I suggest is a misnomer– it is more accurately the ‘Bank Surveillance Act'” [Kahle.org, earlier here, here, etc.]
- SEC to [over-]regulate business brokers under Dodd-Frank? [David Burton, Heritage]
- “Lawyer: How I Committed Insider Trading” [Bloomberg Law video via Prof. Bainbridge]
- “The Federal Reserve at 100” [Cato Unbound; Gerald O’Driscoll, Lawrence White, Scott Sumner, Jerry Jordan]
Filed under: banks, Dodd-Frank, Securities and Exchange Commission, securities litigation
One Comment
I’m the managing partner at the office of a good sized law firm. Recently I interviewed a lateral partner candidate whose business I thereafter learned consists of racing to the courthouse to file shareholder claims over M&A deals. “It’s easy money”, he said. “We’re just like one of those lines on your closing statement when you buy a house. Chicken feed to them but big money for the likes of us. Most are happy to pay. They just want to know whom to pay.”
I washed my hands after shaking his and declined to extend an offer.