Wall Street critics were pleased to see JPMorgan admit that a breakdown in controls and leadership caused the losses, but the SEC still came under fire over fine print in the admissions and for letting high-ranking execs off the hook.
JPMorgan may be required to admit wrongdoing to settle U.S. Securities and Exchange Commission charges over its "London Whale" trading losses, but the agency on Tuesday made it clear that no admit, no deny settlements are still the norm.
In a battle of letters, a lawyer for the Reserve Primary Fund says the SEC's commissioners vetoed a settlement. An SEC lawyer has denied that claim, stating that the parties never reached a settlement.
For six years, Lawrence Hadley of McKool Smith has represented a small group of grape growers in California who think they're over-regulated and over-taxed by a state agency called the California Table Grape Commission.
American Airlines and US Airways are pushing back hard against the U.S. Department of Justice, filing court papers blasting the government’s bid to block their pending $11 billion merger.
Wiley Rein's Helgi Walker on Monday pressed Verizon's fight with federal regulators, telling the U.S. Court of Appeals for the D.C. Circuit that a government scheme to promote an open Internet is unconstitutional.
The Equal Employment Opportunity Commission hoped to show that Bloomberg LP retaliated against employees who took maternity leave. Instead, the federal agency once again finds itself in the hot seat over its litigation conduct.
Mark Cahn and Dan Berkovitz, formerly general counsel with the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission, respectively, start this week with Wilmer.
Antitrust litigator David Gelfand, a partner at Cleary Gottlieb Steen & Hamilton, is joining the Justice Department's Antitrust Division as deputy assistant attorney general for litigation.