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Firm News 1 result

Firm News | 5 min read | 04.01.21

Crowell & Moring and Kibbe & Orbe Join Forces

New York – April 1, 2021: Crowell & Moring and Kibbe & Orbe have joined forces effective today to provide expanded service offerings to clients in the financial services industry.  Twenty-four lawyers from the storied financial law firm are now part of Crowell & Moring’s New York, London, and Washington, D.C. offices, including Jennifer Grady, managing partner and chair of the firm’s executive committee, who will co-chair Crowell & Moring’s Corporate practice; three founding partners, Jonathan Kibbe, William Orbe, and Michael D. Mann, and the managing partner of the London office, Andrew M. Martin.
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Client Alerts 14 results

Client Alert | 3 min read | 11.19.24

Financiers Beware: UK Court of Appeal Holds Financiers Liable to Repay Commission Payments Paid to Brokers

In a recent UK Court of Appeal judgment in what is known as “the motor finance cases” (see Johnson v FirstRand Bank, Wrench v FirstRand Bank and Hopcraft v Close Brothers Limited, which appeals were all heard together), the Court has shone a spotlight on the issue of commissions paid by financiers to brokers and determined that, in some cases, they may be considered “bribes” under UK law. 
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Client Alert | 3 min read | 10.11.24

Private Fund Adviser Fined for Insufficient MNPI Controls as SEC Continues to Scrutinize Ad Hoc Committee Participants

On September 30, 2024, the SEC announced the settlement of an enforcement action against Marathon Asset Management, L.P. (Marathon) for failing to implement proper policies and procedures to prevent the misuse of material nonpublic information (MNPI).  The issue stemmed from Marathon’s participation in ad hoc creditors’ committees, where the firm inadvertently received MNPI through its consultants and advisers.  This enforcement action highlights the SEC’s intense focus on the participation by investors in ad hoc creditors’ committees and the importance of implementing robust MNPI controls when doing so.
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Client Alert | 4 min read | 09.09.24

Flag on the Play: SEC Fines Adviser for Insufficient MNPI Controls in CLO Trades

On August 26, 2024, the U.S. Securities and Exchange Commission announced that it had settled charges with Sound Point Capital Management, LP, a New York-based registered investment adviser, for inadequate policies and procedures regarding its handling of material nonpublic information (“MNPI”) and related compliance deficiencies in its collateralized loan obligations (“CLOs”) trading activities. Sound Point agreed to pay a $1.8 million civil penalty in addition to other remedial measures. Notably, the SEC did not charge the investment adviser or its employees with violating SEC Rule 10b-5.
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Press Coverage 5 results

Publications 5 results

Publication | 11.27.23

The Power And Peril Of Big Law Contingency Practices

The New York Law Journal

Events 2 results

Event | 09.17.24 - 09.19.24, 7:45 AM EDT - 6:00 PM EDT

LF Dealmakers Forum

In September, Crowell & Moring Financial Services Group Partner Paul Haskel will be featured on a panel during the 7th annual LF Dealmakers Forum. LF Dealmakers Forum is an exclusive gathering of top executives and thought leaders in litigation finance, as well as in-house and outside counsel, and other key stakeholders. Widely considered the industry’s “go-to” event, hallmarks include rigorously researched program content, insightful panels, A-list speakers, 1-to-1 meetings, and a curated audience of decision makers.

Event | 04.11.24, 6:00 PM EDT - 7:40 PM EDT

Federal Bar Council presents The Risks and Rewards of Litigation Funding: Emerging Legal and Ethical Issues in a Rapidly Growing Area of Law

“Litigation financing” is really just . . . “financing.” And it's not just for “plaintiff firms” anymore. As more AmLaw 200 firms take on plaintiff-side cases, they turn to financing to pay their hourly rates or reduce the risk of litigating long-term, complex cases. Some firms encourage their clients to obtain financing, while others need financing to take on contingency matters. Litigation funding is a significant force in the civil litigation landscape that all practitioners need to understand.

Webinars 2 results

Webinar | 11.19.24, 12:00 PM EST - 1:00 PM EST

Deal or No Deal: A User Guide to Broken Trades

 In this webinar, our team will offer exclusive insights for navigating these scenarios, and present on key practices that can save endless headaches. Hear from Paul B. Haskel, Co-Chair of Crowell’s Financial Services Group and thought leader on all aspects of trading distressed assets. Joining Paul are Josh Sohn and Eric Aronson – Crowell commercial litigation partners who regularly resolve disputes around complex financial instruments.

Webinar | 05.16.24, 1:00 PM EDT - 2:00 PM EDT

Commercial Litigation Funding: Litigation Finance Market Process

While some people know a little about the litigation finance industry, few have an in-depth understanding of the industry, the different ways that litigation finance can benefit attorneys and their clients, and the process of securing financing.

Blog Posts 1 result

Blog Post | 04.08.22

The Use of Litigation Funding in Bankruptcy

Crowell & Moring’s Restructuring Matters