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  • Article

    Federal Court Grants In Part UBS And JP Morgan Motions To Dismiss RMBS Suits

    On September 3, Judge John W. Lungstrum of the United States District Court for the District of Kansas granted in part and denied in part motions to dismiss by UBS Securities LLC and JP Morgan Securities LLC in four separate actions brought by the National Credit Union Administration, as liquidator of certain failed credit unions.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    J.P. Morgan Brings $1 Billion Claim Against FDIC For WaMu RMBS Indemnification

    On December 17, J.P. Morgan Chase Bank filed a complaint in the United States District Court for the District of Columbia against the Federal Deposit Insurance Corporation seeking $1 billion in indemnification for settlements made by J.P. Morgan on behalf of Washington Mutual in RMBS actions.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    JP Morgan And Others Voluntarily Dismissed From FHLB Boston's RMBS Suit

    On May 8, 2015, the Federal Home Loan Bank of Boston filed a stipulation of voluntary dismissal with prejudice of claims it levied against JP Morgan Chase & Co., the Bear Stearns Companies Inc., EMC Mortgage Corporation and other entities.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    JP Morgan Reaches Agreement In Principle To Settle Dispute Over $17.6B In MBS

    On January 8, 2015, plaintiffs in a class action lawsuit against JP Morgan Chase informed the court that the parties had an agreement in principle to settle the case.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    JP Morgan Settles RMBS Lawsuit For $500 Million

    On February 1, JP Morgan Chase & Co. settled federal securities claims brought by investors led by the Public Employees’ Retirement System of Mississippi...
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Morgan Stanley Wins Dismissal Of Dexia’s Fraud Suit Over $626 Million In RMBS

    On October 16, Justice Eileen Bransten of the Supreme Court for the State of New York dismissed a suit by FSA Asset Management LLC (FSAM) and Dexia SA/NV (with two related entities, Dexia) alleging fraud by Morgan Stanley in connection with the sale of $626 million in RMBS.
    United StatesFinance and Banking
    Orrick
    Orrick
  • Article

    Danielle Sloane And Morgan Tandy Outline Recent Enforcement Actions And Court Cases Involving Labs

    In an article for G2 Intelligence, Bass, Berry & Sims attorneys, Danielle Sloane and Morgan Tandy, outlined several recent enforcement actions and court cases involving labs.
    United StatesFood, Drugs, Healthcare, Life Sciences
    Bass, Berry & Sims PLC
    Bass, Berry & Sims PLC
  • Article

    New Jersey Delays Implementation of Medical Marijuana Law

    A previous Morgan Lewis LawFlash, "New Jersey Employers Face New Questions Over Employee Marijuana Use" (January 10, 2010), reported that the New Jersey Legislature had passed the Compassionate Use Medical Marijuana Act (the Medical Marijuana law), making New Jersey the fourteenth state to permit regulated use of medical marijuana.
    United StatesEmployment and HR
    Morgan Lewis
    Morgan Lewis
  • Article

    Existing Regulation On Data Protection In Panama

    The worker in accordance with the constitutional protection has the right to access, update and amend that information, as appropriate.
    PanamaPrivacy
    Morgan & Morgan
    Morgan & Morgan
  • Article

    Morgan Stanley Pays $15 Million To Settle SEC Civil Injunctive Action Alleging That It Failed To Timely Produce Documents During Two SEC Investigations

    On May 10, 2006, the SEC announced that it had filed a civil injunctive action against Morgan Stanley & Co. for allegedly failing to produce emails and electronic records in a timely manner during the course of two separate SEC investigations, and that Morgan Stanley had agreed to settle the matter. The action arose from Morgan Stanley’s electronic document preservation and production practices during SEC investigations into the company’s practices in allocating IPO shares and into possible con
    United StatesLitigation, Mediation & Arbitration
    Morrison Foerster
    Morrison Foerster
  • Article

    Lessons Learned from the Morgan Keegan Case, Part I – Valuation

    The U.S. Securities and Exchange Commission's recent settlement in the latest chapter of the enforcement proceeding involving Morgan Keegan provides important guideposts on two of the hottest regulatory topics in the asset management industry – valuation and corporate governance.
    United StatesFinance and Banking
    Pepper Hamilton LLP
    Pepper Hamilton LLP
  • Article

    United States Pursues Final Judgment On Proposed Settlement With Morgan Stanley For Alleged Anticompetitive Derivative Contracts

    On March 19, 2012, The U.S. Department of Justice (DOJ) made a second attempt to secure a final judgment on a $4.8 million settlement agreement with Morgan Stanley.
    United StatesAntitrust/Competition Law
    Vinson & Elkins LLP
    Vinson & Elkins LLP
  • Article

    Managing Reductions In Force

    United StatesEmployment and HR
    Morgan Lewis & Bockius LLP
    Morgan Lewis & Bockius LLP
  • Article

    EEOC Updates Guidance On Religious And Pregnancy COVID-19 Vaccine Accommodations

    Members of our labor and employment group published a LawFlash discussing the US Equal Employment Opportunity Commission (EEOC) updates on its COVID-19 guidance
    United StatesEmployment and HR
    Morgan Lewis
    Morgan Lewis
  • Article

    Energy Chief Grants FERC Short Extension To Consider Grid Resiliency Pricing Rules

    In an admonishing response letter issued December 8, US Secretary of Energy Rick Perry granted the Federal Energy Regulatory Commission's (FERC) request for a 30-day extension to consider final action...
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    FERC Adopts Updated Emergency Preparedness And Operations Reliability Standards

    The Federal Energy Regulatory Commission (FERC) issued an order on January 18 approving four Emergency Operations (EOP) reliability standards ...
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    FERC Will Require All New Nonsynchronous Generators To Provide Frequency Response

    In response to concerns that the ability of the electric system to provide frequency response following a system disturbance is falling across the United States, the Federal Energy Regulatory Commission (FERC)...
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    Governors Request FERC To Convene Meetings Regarding National Transmission

    The governors also cite China's $315 billion commitment through 2020 for ultra-high-voltage power lines by way of comparison to US commitments.
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    New Report Highlights Cyber Threat To US Electric Industry

    As evidence that cyberattacks continue to threaten electric infrastructure in the United States, a report issued on December 14 by cybersecurity firm FireEye indicates that critical infrastructure...
    United StatesEnergy and Natural Resources
    Morgan Lewis
    Morgan Lewis
  • Article

    New York's 'Zero Emissions Credit Program' Upheld By Second Circuit

    The US Court of Appeals for the Second Circuit on September 27 affirmed a decision of the US District Court for the Southern District of New York
    United StatesEnvironment
    Morgan Lewis
    Morgan Lewis

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