Category Archives: Banking and Finance law

Banking and Finance Law news articles, reiews, notes and blog examples.

Preemption Not Dead: Servicers of Student Loans Achieve Significant Victory in Ninth Circuit P

In Chae v. SLM Corporation, No. 08-56154 (9th Cir. January 25, 2010), the U.S. Court of Appeals for the Ninth Circuit held that the federal Higher Education Act (the "HEA") preempts student borrowers ("Plaintiffs") claims that Sallie Mae, Inc.s ("Sallie … Continue reading

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NC Business Court Refuses To Swallow Poison Pill

The "poison pill" has been an accepted defensive measure against a corporate takeover since the 1980's.  Commonly referred to as a "Shareholder Rights Plan," this type of defense usually gives shareholders the right to buy more shares at a discount … Continue reading

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Massachusetts conducts cryptocurrency sweep, censures five companies

By Jay Fishman, J.D. The Massachusetts Securities Division, upon completing a sweep of unregistered cryptocurrency transactions, censured five companies and additionally ordered them to permanently desist from selling unregistered or non-exempt securities in the state. The companies, for failing to … Continue reading

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Zamansky LLC Investigates Long Island Financial Advisor Steve Pagartanis of Setauket, New York

The law firm is investigating Long Island financial planner and advisor Steve Pagartanis of Omega Planning Associates in Setauket, New York.  Through Omega Planning Associates, Pagartanis has engaged in business as an insurance agent selling life insurance and elder care … Continue reading

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U.S. federal court holds that CFTC can regulate virtual currencies as commodities

On March 6, 2018, in a fraud proceeding involving a virtual currency product, a New York federal court held that virtual currencies can be regulated by the Commodity Futures Trading Commission (CFTC) as commodities. This ruling marks the first federal … Continue reading

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