MARCH 27, 2015

Stroock Expands Litigation Practice with Steven Atlee; Continues Growth in Los Angeles

Press Release | Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles, Miami and Washington, DC, announced today that Steven D. Atlee has joined the firm’s Los Angeles office as a partner in the Financial Services/Class Action Practice Group. Mr. Atlee joins recent additions, Yousuf Dhamee and Associate Neema Ghannadi, who joined the Investment Management Practice in the Los Angeles Office in December. Mr. Atlee litigates complex commercial matters, including class actions, business torts, intellectual property, securities, contract and other disputes. In addition to extensive trial experience, he has represented clients in arbitrations, mediations, alternative dispute resolutions and in targeted discovery matters. He counsels clients in matters including consumer class actions, unfair competition, false advertising, patent, trademark, trade secrets, professional liability, telecommunications, securities fraud and property disputes.

  • March 12, 2015

    Sky Moore quoted in "Hunan-Lionsgate Deal Could be Just the Beginning"

    CHINA DAILY | China’s Hunan TV & Broadcast Intermediary Co. Ltd. recently announced an agreement with Lionsgate Entertainment Corp, whereby Hunan will put up 25 percent of the combined $1.5 billion budget for co-productions and distribution over the next three years, making it the largest Chinese investment in Hollywood to date. ...Read More

    MARCH 11, 2015

    Judge Affirms $60M Trademark Verdict for PODS in "U-Haul Loses New Trial Bid..."

    LAW360 | On March 11, 2015, U.S. District Judge James D. Whittemore denied U-Haul International Inc.’s attempts to overturn a $60 million verdict for infringing storage company PODS Enterprises Inc.’s trademarks by using the term “pods” repeatedly on its website to draw customers to its own "U-Box" home storage program. The federal judge also denied U-Haul’s renewed motion for a directed verdict, for judgment as a matter of law or for a new trial by stating that the jury’s verdict was supported by sufficient evidence and reasonable inferences from the evidence. In September, the jury ruled in favor of Stroock’s client PODS on all counts in the trial and determined that it suffered $45 million in damages and that U-Haul was unjustly enriched by $15.7 million. ...Read More

  • March 10, 2015

    Benjamin Diehl Selected to Law360 Banking Editorial Advisory Board

    LAW360 | Benjamin G. Diehl, special counsel in Stroock’s Financial Services/Class Action and Government Relations Practice Groups, has been selected to Law360’s Banking Editorial Advisory Board for 2015. The purpose of the editorial advisory board is to get feedback on Law360’s coverage and to gain insight from experts in the field on how best to shape future coverage....Read More

    MARCH 3, 2015

    Stroock Hosts Forum on Asian Investments in New York City

    Press Release | Stroock & Stroock & Lavan LLP, a national law firm with offices in New York, Los Angeles, Miami and Washington, DC, presented a Government Relations Forum today on the growth of Asian capital investment in New York City, with guests Daniel H. Rosen of RHG, Erik Horvat of Fosun International Limited, William M. Shanahan of CBRE, Inc. and Richard Siu of F&T Group. The event was held at the firm’s New York office....Read More


James Sammataro to Speak at the 6th Annual International Legal Symposium on the World of Music, Film, Television, and Sports

Stroock Partner James Sammataro will be speaking at the American Bar Association’s 6th Annual International Legal Symposium on the World of Music, Film, Television, and Sports in Miami Beach, FL on April 23-24, 2015.

  • April 6-7, 2015 (NY) and April 27-28, 2015 (IL) - PLI's 20th Annual Consumer Financial Services Institute
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  • April 7, 2015 - Straight Talk for Asset Managers and Their Counsel
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  • April 9-10, 2015 - 2015 Compliance & Risk Management Forum
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    "Update: Implementation Schedule of Margin Requirements for Uncleared Derivatives"

    On March 18, 2015, the Basel Committee on Banking Supervision and the International Organization of Securities Commissions announced changes to the implementation schedule set forth in the international framework “Margin requirements for non-centrally cleared derivatives” (the “International Framework”), which was issued on September 2, 2013.

    This Stroock Special Bulletin describes these changes and provides a brief summary of other key terms of the International Framework and the current proposals from the CFTC and the Prudential Regulators with respect to minimum initial and variation margin requirements for uncleared swaps and security-based swaps.


    "CFPB Strongly Signals its Intent to Ban or Severely Limit Class Action Waivers and Pre-Dispute Arbitration Agreements"

    On March 10, 2015, in a 700-page report and at a public field hearing, the Consumer Financial Protection Bureau made clear its intention to ban or severely limit class action waivers and pre-dispute arbitration agreements. The Dodd-Frank Act requires CFPB to report to Congress on the effects of arbitration clauses in consumer financial agreements, and the statute empowers CFPB to prohibit or limit such clauses on a going-forward basis, following a formal rulemaking proceeding.

    These actions indicate that CFPB intends to accelerate its pace toward issuing a formal rule.


    "More CFIUS Cases are Going to Full Investigation"

    The Committee on Foreign Investment in the United States (“CFIUS”) has released its Annual Report to Congress for calendar year 2013. CFIUS is an interagency committee that reviews foreign acquisitions of U.S. businesses that may affect national security.

    This Stroock Special Bulletin analyzes the Report, which provides a snapshot of foreign investment in the ever-broadening national security sector, and a rare glimpse into the CFIUS process.


    "Volcker Rule FAQ Clarifies SOTUS Exemption for Foreign Banking Entity Investors"

    Under the latest FAQ issued by the five regulatory agencies authorized to implement the so-called Volcker Rule, foreign banking entities seeking to invest in third-party covered funds may do so in reliance on the SOTUS exemption provided such entities (and their affiliates) do not participate in the marketing of the covered fund interests to U.S. resident investors.

    This Stroock Special Bulletin discusses the FAQ, which clarifies that a foreign banking entity may invest in a third-party sponsored or advised covered fund in reliance on the SOTUS exemption if neither the foreign banking entity nor its affiliates participate in the marketing of the third-party fund to U.S. resident investors.