Bankrupt SVB Financial Seeks Approval to Sell Securities Unit
Bloomberg Law
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1y ago
SVB Financial Group, the bankrupt parent of Silicon Valley Bank, is seeking to sell its non-bankrupt investment banking subsidiary in an auction, hoping to boost its value as it faces creditors’ payout demands ..read more
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Fed Seeks Stronger Bank Rules While Detailing Oversight Lapses
Bloomberg Law
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1y ago
The Federal Reserve’s bank-supervision chief called for an extensive reevaluation of how the institution oversees US financial firms following the failure of Silicon Valley Bank ..read more
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Ex-Pratt & Whitney Exec, Others Acquitted in No-Poach Case
Bloomberg Law
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1y ago
A former Pratt & Whitney manager and five other aerospace industry executives convinced a judge to acquit them of criminal charges brought by the Justice Department that they agreed not to hire each others’ workers ..read more
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Appeals Court Asked to Unseal Opinion Tied to Block’s SEC Award
Bloomberg Law
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1y ago
A federal appeals court has been asked by Bloomberg Law to reverse its highly unusual order to permanently seal its opinion that denied a whistleblower’s claim for half of a $14 million SEC award ..read more
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New York to Be First State to Ban Gas in New Buildings
Bloomberg Law
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1y ago
New York Gov. Kathy Hochul (D) said she has reached an agreement with the legislature to ban fossil fuels in all new buildings throughout the state in a deal that would be the first of its kind in the US ..read more
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North Carolina Ruling May Scuttle Supreme Court Elections Case
Bloomberg Law
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1y ago
The North Carolina Supreme Court backed a Republican-drawn congressional map in a ruling that could scuttle a major US Supreme Court elections case ..read more
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TSA Warns of Long Airport Waits if Congress Fails to Boost Pay
Bloomberg Law
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1y ago
Tens of thousands of Transportation Security Administration workers will lose long-awaited pay raises if Congress doesn’t agree to extend them — a jolt that would drive away employees and result in longer waits for travelers ..read more
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New Jersey Can Break Harbor Deal With New York, Justices Say
Bloomberg Law
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1y ago
The US Supreme Court sided with New Jersey in a decade-long dispute, saying the Garden State can unilaterally pull out of an agreement involving New York Harbor ..read more
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Schumer Blocked in Bid to Replace Feinstein on Judiciary Panel
Bloomberg Law
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1y ago
Senate Republicans blocked a bid by Majority Leader to temporarily replace an ailing Senator on the Judiciary Committee with another Democrat, leaving a cluster of President ..read more
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Proskauer Cyber Attack Left Sensitive Client Data Unguarded
Bloomberg Law
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1y ago
A data breach at Proskauer Rose exposed client data, including sensitive legal and financial information, the law firm confirmed Friday ..read more
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