News

The Development of Global Capital Standards for IAIGs and G-SIIs: Notes from IAIS Meeting on November 13, 2013

By EsqSocial Corporation 26/11/13

Backstop Capital Requirements, Higher Loss Absorption, Global Insurance Capital Standards: What Applies to Whom and When? In July 2013, the Financial Stability Board (FSB) designated nine insurance groups as global systemically important insurers...

McKenna partners nix Dentons megamerger

By EsqSocial Corporation 26/11/13

Management at both Dentons and McKenna Long & Aldridge had recommended to partners that the two law firms merge. But partners at McKenna balked at the plan when it was put to a vote, the Wall Street Journal Law Blog (sub. req.) reports.

Hobby Lobby's Obamacare Case Heads to High Court

By EsqSocial Corporation 26/11/13

Lawyers for craft store Hobby Lobby will get a chance to challenge Obamacare's contraceptive mandate before the U.S. Supreme Court, after justices agreed to take the appeal on Tuesday.

Texas Appellate Court Enforces Appraisal Provision

By EsqSocial Corporation 26/11/13

In a recent decision, the Court of Appeals of Texas for the Fourteenth District revisited the scope of the appraisal process in light of the prior holding in State Farm Lloyds v. Johnson, 290 S.W.3d 886 (Tex. 2009)....

Law Firms Can Use LinkedIn’s New Showcase Pages For Niche Focus

By EsqSocial Corporation 26/11/13

LinkedIn.com has introduced a special type of Company page they are calling Showcase pages, where organizations with multiple services, products and brands can concentrate on a single product line and aggregate its own community of interest....

JPMorgan Finalizes $13 Billion Settlement With Department of Justice

By EsqSocial Corporation 26/11/13

On November 19, the U.S. Department of Justice announced that JPMorgan Chase & Co. has agreed to pay $13 billion to settle a number of federal and state RMBS-related civil claims against JPMorgan and two institutions that JPMorgan acquired, Bear...

NACHA Invites Comments on Proposed Rules To Improve ACH Network Quality

By EsqSocial Corporation 26/11/13

NACHA, the organization that administers the Automatic Clearing House (ACH) network, recently announced proposed modifications to its Rules and invited comments on or before January 13, 2014. While much of what NACHA proposes makes eminent sense, we...

ACH network on CFPB radar screen

By EsqSocial Corporation 26/11/13

The CFPB could soon be joining the efforts of other federal regulators and New York authorities to deny ACH network access to certain online payday lenders and other businesses deemed to present risks to consumers. In remarks last week to The...

Investment Advisory Committee Recommends Rulemaking on Uniform Fiduciary Standard

By EsqSocial Corporation 26/11/13

Last week, the SEC’s Investment Advisory Committee recommended that the SEC enact rules to impose a fiduciary duty on broker-dealers when they provide personalized investment advice to retail investors. The Committee’s draft recommendations make...

Washington Appellate Court Holds That Below-Limits Settlement Fails to Trigger Excess Policies

By EsqSocial Corporation 26/11/13

On November 12, 2013, in Quellos Group LLC v. Federal Insurance Company, the Washington Court of Appeals affirmed summary judgment in favor of two excess professional liability insurers because the excess policies “require[d] exhaustion of the...

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