Daily Archives: April 29, 2024, 10:46 am

Cravath joins Midtown exodus with move to Manhattan’s Hudson Yards

Elite New York law firm Cravath will abandon its wood-panelled offices in Midtown Manhattan for the up-and-coming Hudson Yards development on the island’s west side on Monday, amid an exodus from the neighbourhood that has long been home to some of the city’s biggest legal names. The 205-year-old firm’s move follows similar westward shifts from rivals including Cooley, Skadden Arps,…

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UK FCA Doubles Down on Naming Financial Firms Under Probes – Bloomberg

The UK’s financial watchdog pushed back against criticism of its plan to name firms it’s investigating at an early stage, which it thinks will boost transparency and deterrence. The Financial Conduct Authority believes the proposals are timely, according to its response to a House of Lords Financial Services Regulation Committee published on Friday. Firms and consumers benefit from knowing which…

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DOJ’s Fiercest Opponent Is Last of Its Kind as Industry Shifts

Williams & Connolly has become a Washington institution by bucking industry norms and waging war with the Justice Department. The firm hardly ever hires federal prosecutors, who are courted heavily by other top white-collar defense shops seeking inroads at DOJ. It generally doesn’t poach lawyers from competitors and seldom loses attorneys to rivals, even as prominent partners elsewhere increasingly hop…

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SEC Charges Former BP Senior Manager with Insider Trading

The Securities and Exchange Commission today charged Chicago-area resident Kevin Crotty with insider trading ahead of a February 16, 2023 announcement that BP p.l.c. agreed to acquire TravelCenters of America Inc.  This is the second insider trading case the SEC has brought in connection with trading ahead of the announcement of BP’s acquisition of TravelCenters. According to the SEC’s complaint,…

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