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Firms Seek To Co-Lead TD Bank First Horizon Deal Suit

Law 360

Two law firms representing The Water Island Funds are seeking to serve as co-lead counsel in a securities lawsuit against TD Bank over a failed acquisition of financial services company First Horizon, a recent court filing showed.

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The Tragedy on the Financial Horizon is Closer Than You Think

ClimateChange-ClimateLaw

Credit: Ilmi Granoff In September 2015, then Bank of England Governor Mark Carney gave a landmark speech on the “ Tragedy of the Horizon.” Eight years later, the “tragedy of the horizon” has become a central concept of much climate risk discourse. But the horizon most relevant to the markets is much nearer.

Finance 139
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Dutch bank apologizes for past involvement in Atlantic slave trade

JURIST

ABN Amro, the third-largest Dutch bank, issued an apology Wednesday for its predecessors’ involvement in the Atlantic slave trade during the eighteenth and nineteenth centuries. The bank worked with the International Institute of Social History to investigate the histories of two of the bank’s predecessors, Hope & Co.

Finance 118
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TD Bank Hit With Class Action Over Busted First Horizon Deal

Law 360

Shareholders of First Horizon have hit TD Bank with a proposed class action in New Jersey federal court over its failed acquisition of the financial services company, alleging it and its executives made false and misleading statements about their ability to get the regulatory approvals required to close the deal in the first quarter of 2023.

Court 40
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Justices will consider whether IRS can issue summons to banks of taxpayers’ relatives (among others) without notice

SCOTUSBlog

Share Tax season is upon us, and for many, April 15 is a date looming on the horizon as the traditional deadline for dispatching yet another check payable to the United States Treasury. He made a partial payment of the assessed taxes from the bank account of one of his limited liability companies.

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Embracing the new AI regulations – Setting the wheel in motion

Cenza

As a precursor, banks in the US had been requested to share information on their AI systems in March 2020 by the country’s five largest federal financial regulators. Post the approval, companies will be given time to implement and transition existing systems to comply with the new guidelines. About Cenza.

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Q&A With Clio’s New CFO Curt Sigfstead: Is An IPO On The Horizon?

LawSites

Last week, legal technology company Clio named Curt Sigfstead , a veteran technology, finance and investments professional, as its new chief financial officer. Morgan for nearly 23 years, most recently as head of West Coast technology investment banking. Is that something that’s on the horizon? So that was number one.