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  • Blog: Banking on This: Spilman Mortgage & Consumer Banking ReportRevisiting the West Virginia Consumer Credit and Protection Act – AgainPosted on April 24, 2017 by Spilman Administrator
    For the second time in two years, West Virginia’s legislature passes a bill to modify the state consumer protection law. The West Virginia legislative session recently ended, and for the second time in two years, the legislature passed a bill that modifies the state’s primary consumer protection statute (the West Virginia Consumer Credit and Protection […]
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  • Blog: Broker-Dealer Law CornerWhen It Comes To Testifying To The SEC, Providing Alternative Facts Can Be A Bad IdeaPosted on April 22, 2017 by Alan Wolper
    At the beginning of most FINRA OTRs, the examiner reads from a script of sorts, outlining some of the basic rules governing the proceeding. One of the things the script calls for is an express acknowledgement by the witness that he or she is testifying pursuant to Rule 8210, and that, as a result, a… Continue Reading
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  • Blog: Antitrust UpdateNo Use Crying Over Settled Claims?: Second Circuit Affirms Approval of Dairy Farmers’ SettlementPosted on April 21, 2017 by
    This week, the Second Circuit affirmed the approval of a $50 million agreement settling price-fixing claims brought by a class of farmers against a dairy cooperative and a dairy marketing company.  The settlement in Allen et al. v. Dairy Farmers of America et al. was notable for at least two reasons that were seemingly at [...]
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  • Blog: SRR Estate & Gift Tax Valuation BlogOne Question Answered – Two Issues Raised (Internal Legal Memorandum 201711009)Posted on April 20, 2017 by Lance Hall
    In an Internal Legal Memorandum dated November 4, 2016, but released on March 17, 2017, the IRS’s Chief Counsel Advice Appeals Team Case Leader responded to a question posed in a “request for assistance” by the Senior Technical Reviewer for Procedure and Administration regarding a sizable number of pieces of art donated to a charity.  […]
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  • Blog: Global Capital Markets LitigationRMBS Cases Seeking $3.7 Billion Dismissed for Lack of StandingPosted on April 18, 2017 by Amiad Kushner and Alexander L. Strohmeyer
    On Wednesday, April 12, Justice Ramos of the Commercial Division of the New York Supreme Court dismissed with prejudice four lawsuits filed by Royal Park Investments SA/NV (“Royal Park”).  The lawsuits alleged fraud and negligent misrepresentation with respect to residential mortgage-backed securities (“RMBS”) sold to Fortis NV/SA (“Fortis”) – formerly an independent Belgian bank that … Continue Reading
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  • Blog: Western Canada Business LitigationCanada’s Anti-Spam Law Adds Teeth, Leaves Potential Opening for Class ActionsPosted on April 6, 2017 by <a href='http://www.lawsonlundell.com/team-Marko-Vesely.html'>Marko Vesely</a>
    Canada already has one of the world’s strictest regimes regulating commercial electronic messages, and, just in time for the country’s 150th birthday, the consequences for breach are about to get much more severe. On July 1, 2017, this regime will add additional teeth in the form of a private right of action, which could drastically... Continue Reading
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