Treasury's FinCEN Will 'Revisit' Anti-Money Laundering Rule for Investment Advisers
Private investment advisers have served as an entry point into U.S. markets for foreign investors using illicit finance associated with fraud, tax evasion and corruption, according to a 2024 Treasury Department report. Investors from Russia and China have invested through venture capital firms in particular to obscure ownership of U.S. assets, the report stated.
GC's Disclosures of Former Client Info Not Protected by Whistleblower Laws, State High Court Rules
“Whether the disclosures were the acts of a disgruntled, recently-terminated employee or of a dutiful public servant, McCarty knowingly disclosed client information in violation of his sworn duty of confidentiality. No matter how noteworthy his disclosure may have been, it does not justify violating his sacred duty to his client," the state high court said.
Justice Department Sues New York City, Adding to Its Series of Complaints Over 'Sanctuary City' Policies
Elsewhere, in western New York, U.S. District Judge Frank Geraci declined to "open the floodgates" to intervenors in a previous, similar lawusit, saying the New York Civil Libertarian Union's slate of clients' “informed, unique perspectives on the purpose and benefits of sanctuary policies could be sufficiently raised in amici briefs to the court.
US Judge Grants $480M Attorney Fee Awards in College Athlete NIL Litigation
"We are very proud of this landmark settlement which will transform the lives of college athletes and bring them tens of billions of dollars in damages and future benefits," Jeffrey Kessler, co-executive chairman of Winston & Strawn, said of the antitrust class-action settlement providing $2.576 billion in compensation to college athletes for their name, image and likeness and nearly $500 million in fee awards to class counsel.
Former FTC Chair Lina Khan Spent $18,870 on Chauffeured Cars, Raising Eyebrows of Inspector General
"Without the former Chair or her staff providing any detailed justification based around safety/security, logistical constraints or the availability of other transportation options submitted for review, it became difficult to determine whether their actions caused the agency to incur higher costs than necessary," the Office of the Inspector General said in a report.