Sentences with phrase «against a financial institution for»

And it would also no longer be able to levy hefty fines against financial institutions for «unfair» or «deceptive» practices.

Provided coverage advice to an international insurance company in a matter where a Missouri jury awarded $ 355 million in compensatory damages and $ 35.5 million in punitive damages against a financial institution for a trust that was intended to fund «pre-need» funeral policies that would cover all future funeral - related needs.

Not exact matches

Macron has said he hopes to pool liability for various kinds of debt: a completed banking union would ensure bailout costs for individual financial institutions would be distributed across the continent rather than borne by individual countries, and the so - called Eurobonds would allow national governments to borrow money against a joint continental credit rating.

«Requiring the banks to pay treble damages to every plaintiff who ended up on the wrong side of an independent Libor ‐ denominated derivative swap would, if appellants» allegations were proved at trial, not only bankrupt 16 of the world's most important financial institutions, but also vastly extend the potential scope of antitrust liability in myriad markets where derivative instruments have proliferated,» the U.S. Court of Appeals in New York said in the ruling.A U.S. appeals court on Monday revived private antitrust litigation accusing major banks of conspiring to manipulate the Libor benchmark interest rate, in a big setback for their defense against investors» claims of market - rigging.

Referring to the decision, a spokesman for Sweden's Financial Supervisory Authority said that «every institution must decide on the details of their internal regulations specifying the rules for their employees» investments and trading,» suggesting that the regulatory agency does not intend to interfere in Nordea's decision, nor act against similar moves that may be taken by other companies.

Beginning in 2016, researchers discovered a shift in North Korean operations toward attacks against financial institutions designed to steal money and generate funds for the Kim regime.

Ferguson quotes Bank of England chief economist Andrew Haldane's explanation: «No one had quite noticed that the global financial network had become connected enough for distress to cascade rapidly from one institution to many, but sparse enough for many institutions to be poorly diversified and inadequately insured against the failure of a counterparty.»

Under the financial reform law, all these officers were consolidated into CFPB, whose only mission is to stand up for the consumer against bullying and complex financial institutions.

«Our vision is to be able to take action against any individual in a firm, not just the approved ones, and for the director of a failed bank to not be able to easily reapply as director of a financial institution,» he explained.

Beyond its use as a tool against large financial institutions, Schneiderman has used the act as a basis for a probe into ExxonMobil, arguing that its alleged failure to disclose to its shareholders and the public research that showed the potential impact of climate change constituted a Martin Act violation.

Whenever any civil action has been brought against any officer of the Florida College System institution board of trustees, including a board member, or any person employed by or agent of the Florida College System institution board of trustees, of any Florida College System institution for any act or omission arising out of and in the course of the performance of his or her duties and responsibilities, the Florida College System institution board of trustees may defray all costs of defending such action, including reasonable attorney's fees and expenses together with costs of appeal, if any, and may save harmless and protect such person from any financial loss resulting therefrom; and the Florida College System institution board of trustees may be self - insured, to enter into risk management programs, or to purchase insurance for whatever coverage it may choose, or to have any combination thereof, to cover all such losses and expenses.

NDP: Update the Consumer Protection Act to cap ATM fees at a maximum of 50 cents per withdrawal; ensure all Canadians have reasonable access to a no - frills credit card with an interest rate no more than 5 % over prime; eliminate «pay - to - pay» by banks in which financial institutions charge their customers a fee for making payments on their mortgages, credit cards, or other loans; take action against abusive payday lenders; lower the fees that workers in Canada are forced to pay when sending money to their families abroad; direct the CRTC to crack down on excessive mobile roaming charges; create a Gasoline Ombudsperson to investigate complaints about practices in the gasoline market.

«They were sold as being conservative investments, which of course they're not,» said Jeffrey Pederson, an attorney in Denver, Colorado, who has represented investors in settlements against financial institutions over whether such notes were suitable for his clients.

However, vigilance against fraud and insufficient qualifying conditions for credit is important to maintaining the financial stability of our economy and our financial institutions.

It is always best to get various organizations competing against themselves for your business once you have narrowed it down to a couple of financial institutions which seem to have the best mortgage loan deals.

Many financial institutions will see that large debt on your credit score and count it against you when deciding whether to extend their services, even if you're not actively responsible for the loan.

This makes it very difficult for a single - service provider such as a mutual fund company to compete against a multi-service financial institution.

As Adam notes, «Check your credit reports; review your bank and credit card account activity daily to protect against fraudulent activity; sign up for programs offered by financial institutions that notify you when transactions post; don't provide personal information to people you don't know; and don't needlessly apply for credit but always be looking for the best deals, rates and rewards.

The installation contains a large portrait of one individual affected by the economic crisis who was threatened with eviction from his home; a video projection presenting TAF's actions and social practice against eviction, and a graphic chart offering relevant information on the economic and hosing situation in Spain, such as «There is an eviction in SPain every 8 minutes, 532 evictions a day during 2012's first semester...» Audiences are invited to write postcards to the financial institutions who are responsible for conducting these evictions.

Such disasters have befallen the New York City Opera and Long Island College Hospital, two major New York institutions that collapsed in financial disarray in recent years, and the Crystal Cathedral in California, which filed for bankruptcy protection in 2010 after accusations that its board had imprudently borrowed against the endowment.

The difficulties with a claim of this nature may make it less likely that Lloyds will be willing to provide compensation for damage to reputation so the question is whether Noel wants to take the risk of litigation against one of the UK's largest financial institutions.

The subprime mess should also open up opportunities for lawyers seeking to recover money for investors or to defend corporate executives at financial institutions against charges that they misled investors with rosy predictions (no?

For example, civil trial attorneys within the DOJ's Tax Division are requesting the issuance of John Doe summonses (ie, summonses that seek information regarding specific unidentified persons) and are seeking the enforcement of Nova Scotia summonses (ie, summonses served on a US branch of an overseas bank requesting the production of bank records held by parts of the bank located in a jurisdiction with strict bank secrecy laws) mostly against financial institutions.

Obtaining summary judgment against a large financial institution for enforcement of a performance bond securing an oil / gas contract.

advising various financial institutions, corporates and professional advisers on the implementation of procedures to guard against corporate criminal liability for failing to prevent the facilitation of tax evasion

In the field of investment banking he is a «go to» authority for and against financial institutions on disputes arising from complex investment products and funds, and also advises in trade finance disputes.

Obtained dismissals of suits against financial institutions seeking damages for claims including negligence, fraud, breach of fiduciary duty, unfair business practices and elder abuse.

Won dismissal of fraudulent conveyance litigation against a major financial institution in an influential decision affirmed by the U.S. Court of Appeals for the Third Circuit

Tom has experience acting for and against major financial institutions and corporations in disputes involving banking and financial transactions.

He engages in a wide range of investment actions for investors, lenders and debtors and acts both for and against financial institutions in disputes with customers, merchants and regulators.

Jonathan has also acted in a variety of general commercial disputes, including joint venture and shareholder disputes and acting for and against various financial institutions.

Highlights include a London arbitration relating to a US $ 2 billion African urban project, a landmark decision on legal professional privilege in Hong Kong's highest court after a document summons by the HK Secretary for Justice, a # 1 billion joint venture dispute between two global oil companies, and action against various defaulting clients of a renowned English financial institution.

Prevailed in a trial in the U.S. District Court for the Eastern District of New York on behalf of a company that provides licensure and educational services to financial institutions against allegations, including breach of contract, breach of fiduciary and equitable claims, initiated by a sales and marketing company after termination of the relationship for poor performance

Ms. Tomasco's extensive experience in this area has led to positive results for her clients, such as her successful defense of a financial institution against a claim by its pension plan participants for additional retirement benefits.

She currently focuses on advising and defending leading financial institutions against individual and class claims for violation of federal and state lending laws and violation of the violation of the Commodity Exchange Act, mortgage servicing claims, elder abuse and personal injury claims, and consumer protection and unfair competition claims.

She has acted for and against large financial institutions, local authorities, government departments, retailers and small charities.

Acting for a major financial institution in a LCIA arbitration against its insurers under a bankers blanket bond policy.

We act for businesses, investors, property developers, banks and other financial institutions, family offices and private individuals in claims against solicitors, accountants, surveyors, architects, financial advisers and other professionals.

ALF can mean multi-million-dollar investments made by financial giants for sophisticated commercial and patent litigation; or it can mean college kids up against a wealthy institution crowd - sourcing their filing fees.

There is an increasing awareness of liability and fault when it comes to an organization, institution or a business falling into financial jeopardy, but it is often unclear who is liable for what, and what protections exist against liability.

Banks and financial institutions are in the front line of the battle against fraud and money laundering; and prime targets for claims brought by victims of fraud who try to recoup their losses from banks caught up in illicit transactions.

We have a wealth of experience in pursuing and defending claims against banks and other financial institutions for breach of mandate, marketing and sale of investments, investment management and returns.

On September 21, President Trump signed an executive order authorizing the Treasury Department to impose secondary sanctions against individuals and entities, including non-U.S. financial institutions, for conducting or facilitating...

However, if you need to defend any lawsuit brought against you by merchants, financial institutions or collections agencies, this endorsement would reimburse you for that cost.

Many financial institutions will see that large debt on your credit score and count it against you when deciding whether to extend their services, even if you're not actively responsible for the loan.

Such expenses include the costs for notarizing fraud affidavits; certified mail sent to law enforcement, financial institutions and credit agencies; lost income resulting from time off work to meet with law enforcement or credit agencies; loan application fees for reapplying for a loan; and reasonable attorney fees incurred to defend lawsuits brought against the insured and to remove criminal or civil judgments.

It also provides protection for any unforeseen financial emergency as most whole life insurance policies can be used for taking loans against the deposit of the policy with the financial institution.

Last month, blockchain startup for servicing banks and other financial institutions — R3 — had filed a lawsuit against Ripple Labs claiming that the latter has violated a purchase agreement involving XRP tokens, between the two companies.

Last month, blockchain startup for servicing banks and other financial institutions - R3 - had filed a lawsuit against Ripple Labs claiming that the latter has violated a purchase agreement involving XRP tokens, between the two companies.

For example, both bills include a provision that would allow banks and other financial institutions to more easily challenge business method patents when those patents are asserted against them in litigation.