In an increasingly stringent insurance market, policyholders who manage commercial property and casualty insurance need to be acutely aware of the shifting landscape. Earlier this week, Eric Jesse and Heather Weaver of Lowenstein Sandler’s Insurance Recovery Group provided expert insight into the issue, engaging in discussion with executives from two major insurance brokerage firms. The…
Chemical industry leader Celanese Corp., facing softer global demand, recently made changes to its executive roster. Anne Lynne Puckett, serving as the senior vice president and general counsel for the past five years, has been replaced in a management shakeup. Based in Irving, Texas, and boasting $9.7 billion in revenue along with 13,000 employees, Celanese…
In a recent episode of Employment Law Now, Michael Schmidt held discourse with high-ranking officials from the United States Department of Labor, the United States EEOC, and the NLRB. The interview provided key insights into what employers can expect from their respective agencies as we move towards the end of 2023 and look ahead to…
FTX’s internal disputes extend beyond the courtroom and into a battle over scarce insurance funds. This has emerged alongside Sam Bankman-Fried, the crypto exchange’s co-founder’s, legal issues. Sam Bankman-Fried’s conviction isn’t the termination of the continuing legal saga encompassing crypto exchange FTX. The company’s former executives are now embroiled in a fraught wrangle over if…
Linde North America’s former general counsel is urging the Third Circuit to overturn district court decisions that resulted in him forfeiting over $100,000 in retirement benefits. He argues that the global engineering company should still pay these benefits. The appeal was filed this Monday with the goal of reversing the decisions of the district court….
The National Treasury Employees Union (NTEU) recently filed a grievance against CFTC Commissioner Caroline Pham, alleging acts of “intimidation, harassment, and abuse” in both public and private workplace settings. This stage merely represents an initial complaint and Commissioner Pham is yet to narrate her version of the incidents. The allegations highlight a deep-rooted issue in…
In a significant development in the public media sector, the former Deputy General Counsel at National Public Radio (NPR) is slated to assume the role of General Counsel at America’s Public Television Stations. The public media nonprofit membership organization confirmed this update recently and it goes into effect from Monday. The new General Counsel, whose…
Zoom Video Communications Inc. has recently undergone a reorganization of its in-house law department, resulting in changes to its key legal staff. The former General Counsel, Jeffrey True, has moved on, leaving the company since September, according to his LinkedIn profile and as reported by a Bloomberg Law Story. The same source indicated that Zoom…
Before the jury returned in the E. Jean Carroll rape case, I predicted that Trump would lose. I also predicted that the outcome of the first trial would influence the result of the subsequent one. Why am I certain of these outcomes? Because legal history offers a clear guide to similar high stakes cases. The…
As we approach year-end, many corporate managers will soon find themselves engaging in career and performance discussions with their teams. It’s not uncommon for these exercises to trigger a sense of career insecurity or rivalry, creating a tense atmosphere in the workplace. However, it does not have to be this way. There are ways to…
The landscape of employment law is in flux following a new Memorandum of Understanding (MOU) signed by Jennifer Abruzzo, General Counsel for the National Labor Relations Board (NLRB), and Douglas Parker, Assistant Secretary for the Occupational Safety and Health Administration (OSHA), on October 31, 2023. The MOU has been set up to boost coordination and…
With a long and varied career in the legal profession, Olga V. Mack stands as a stalwart figure in the industry. Currently serving as the Vice President of LexisNexis and CEO of Parley Pro, Mack consistently strives to incorporate innovative technologies to improve existing legal practices. Parley Pro, a next-generation contract management company, is just…
Standard Chartered, a multinational bank, has announced the appointment of its new general counsel for its global corporate, commercial and institutional banking division, as well as its Europe and Americas regions. Samallie Kiyingi, the newly appointed counsel, will be based in Singapore and will take over the role from the current group GC, Sandie Okoro….
Multinational bank Standard Chartered has named a new general counsel for its European and Americas regions. The incoming GC, Samallie Kiyingi, is stepping in from the Africa Export-Import Bank. Kiyingi will be based in Singapore and also take on the role of regional head for Europe and Americas. Kiyingi’s appointment was announced via a LinkedIn…
In recent industry news, Stability AI, a reputable artificial intelligence startup, has witnessed the departure of two main executives from its leadership team. Both general counsel Adam Avrunin and the chief people officer, Ozden Onder, reportedly left the organization in October. These revelations come as a significant development, especially considering the executives’ departure occurred merely…
The Port Authority of New York and New Jersey has made a significant shift in its upper echelon by appointing its first ever female general counsel. The new office holder, previously an in-house attorney for the organization, comes into a role unprecedented in the Authority’s 102-year history. Her appointment marks a profound step forward in…
Jennifer Lewis, the first general counsel for LeBron James’ entertainment development and production company, has recently accepted a similar role with the NBA’s Los Angeles Clippers. This position was vacant following the departure of the former general counsel, Nicole Duckett, who left the team to launch her consultancy. Prior to her role at James’ company,…
The defense attorney, Mark Cohen, has notified Judge Lewis Kaplan about the defendant, Sam Bankman-Fried’s, decision of taking a stand in his criminal trial. Given the robust accusations made against Bankman-Fried during the legal proceedings, his testimony is likely to face intense scrutiny. Several damaging claims have been raised during the hearing that include his…
In a rapidly evolving legal landscape, controversy surrounding non-compete agreements continues to simmer. Over the past year, significant developments have had an undeniable impact on the employment law world, and not just within the United States. According to a recent episode of ‘Employment Law This Week’ and its ‘Spilling Secrets’ podcast series, focus has been…
In recent legal personnel news, Greenberg Traurig has announced the addition of a new member to their global litigation practice based in Minneapolis, Minnesota. Laura Hammargren, a seasoned legal expert, is set to take her place in the litigation team. The news was reported by Bloomberg Law. Before joining Greenberg Traurig, Hammargren served as assistant…
The chief legal officer of HanesBrands, Tracy Preston, has been elected as the chair of the Association of Corporate Counsel’s (ACC) global board of directors for 2024, according to an announcement on Bloomberg Industry Group, Inc. With more than 45,000 in-house counsels worldwide counting on the ACC for representation, the change in leadership came with…
Robert Quesnel, the former Canadian head of legal for the French pharmaceutical company, Sanofi, has joined Fasken Martineau DuMoulin as counsel in the Montreal office. Quesnel brings a wealth of industry expertise, boosting the law firm’s life sciences practice. After 15 years as the head of legal affairs and general counsel for Sanofi in Canada,…
The US Equal Employment Opportunity Commission (EEOC) recently swore in Karla Gilbride as its general counsel, ending a vacancy that has lasted for over two years. According to Bloomberg Law, Gilbride, a civil rights litigator, won her confirmation Oct. 17 by the Senate in a tight 50-46 vote and is now slated to helm the…
The Securities and Exchange Commission’s (SEC) active enforcement program demands substantial monetary penalties from defendants. Last fiscal year, the SEC ordered approximately $4.2 billion in penalties across 462 enforcement cases, equating to an average of over $9 million per case. While these hefty fines frequently capture media attention, they often inflict harm on investors and…
Legal experts in the cryptocurrency sector have provided their insights following Friday’s decision by the United States Securities and Exchange Commission (SEC) to drop its final claims against executives at Ripple Labs. The move has led to speculation that the SEC aims to accelerate a potential appeal to the Second Circuit. However, the substantial aspect…