The rash of hiring of federal prosecutors by corporate law firms clearly indicates that leaders believe the white-collar regulatory practice is about to boom in Texas. The latest is Gibson Dunn hiring of former NDTX acting U.S. Attorney Prerak Shah.
EPA Proposes Landmark PFAS Reporting Rule Affecting Article Importers, Small Businesses
The Environmental Protection Agency’s new pending requirement that companies report their use of forever chemicals could impose a tough burden on companies across many industry sectors. This article breaks down the proposed rule and identifies what Texas companies can do to prepare for compliance.
Updated: Four UDF Execs Indicted & Lawyered Up; Kyle Bass’ Lawyer Speaks Up
A lawyer for one of the four executives of Grapevine-based United Development Funding who have been indicted on federal securities fraud and wire fraud told The Texas Lawbook that the allegations are baseless and vexatious and the result of “the egregiousness of the government’s misconduct” in the case. But a lawyer for Dallas hedge fund manager Kyle Bass, who initially raised the allegations that UDF was a Ponzi scheme in 2015, talked exclusively to The Lawbook about the case. The Lawbook has the in-depth and updated details of the criminal and civil cases in the Northern District of Texas and Dallas County, as well as news of a sealed lawsuit filed in the Eastern District by UDF against the federal authorities investigating them.
Despite High-Profile Candidates, No News on U.S. Attorney Nominations in Texas
The Biden administration has taken no public steps to fill any of the four U.S. attorney positions in Texas, but the list of prominent lawyers wanting those high-profile jobs is growing. They include partners from Winston & Strawn, Gibson Dunn, Gerger Hennessy and Jackson Walker. Two sitting U.S. Attorneys and the son of an East Texas federal judge are also on the short list. The Texas Lawbook has details.
Acting NDTX U.S. Attorney Resigns
Prerak Shah, who has been the acting United States Attorney for the Northern District of Texas since January, announced Wednesday that he is stepping down effective Oct. 1. The Biden Administration hasn’t nominated any candidates for the four U.S. Attorney positions in Texas, but the U.S. Justice Department is expected to announce a new acting top prosecutor for North Texas in the next couple weeks.
The SEC Pushes the Limits on Insider Trading
The Securities and Exchange Commission did something rather extraordinary last month in a case involving “shadow trading” that could push the limits of the “traditional” theory of insider trading. This article examines the case and its implications.
Biden Administration Directs OSHA to Mandate Vaccines and Testing
The president’s recent mandate brings more questions than answers and will almost certainly be met with legal challenges. But employers should anticipate a rollout within the coming weeks and prepare accordingly.