fbpx
News
October 17, 2016

In the News Today – October 17, 2016

  • Court Rules CFPB Bound by Statute of Limitations: In the recent PHH v. CFPB case brought before the U.S. Court of Appeals for the D.C. Circuit the CFPB argued that, “under Dodd-Frank, there is no statute of limitations for any CFPB administrative actions… but the court rejected this, finding the bureau is bound by statute of limitations… this ruling is enormously consequential, affecting the entire financial services industry,” writes Matthew Previn, partner at BuckleySandler. (New York Law Journal)

 

  • Massive DoJ Settlement May Force Deutsche Bank to Cut Jobs, Reduce U.S. Activities: The Justice Department’s $14 billion settlement offer to Deutsche Bank over mortgage-backed securities sale allegations is significantly more than the $6 billion the bank reportedly has put aside for litigation. Such a massive settlement could force the bank to cut jobs and “reduce its U.S. activities.” (Deutsche Welle)

 

  • Slater & Gordon Confirms Shareholder Class Action Against Firm: Australian class action plaintiffs’ firm Slater & Gordon, the world’s first publicly traded law firm, confirmed that a shareholder class action has been filed against the firm. The suit alleges the firm “deceived investors and lost them more than $2 billion through various missteps, including the acquisition of a professional services firm.” (Law360)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings