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TOP NEWS
Texas AG Sues ISS Over ESG Considerations
By Sarah Jarvis
Texas Attorney General Ken Paxton sued Institutional Shareholder Services Inc. on Wednesday for allegedly advising shareholders based on environmental, social and governance considerations rather than the objective advice it advertises, in violation of a Texas consumer law.
Complaint attached |
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POLICY & REGULATION
ENFORCEMENT
Brief
DOJ, Canadian Steel Cos. Settle Duty Evasion Claims
By Dylan Moroses
Two Canadian steel companies settled the U.S. government's False Claims Act allegations that the exporters knowingly avoided U.S. duties on Asian and European flat-rolled steel products, agreeing to pay $19 million to resolve the dispute, according to a press release issued Wednesday by the U.S. Department of Justice.
Settlement attached |
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OIL AND GAS
Investors Say BNY Mellon Let Oil Trust Payments Vanish
By JosĂ© Luis MartĂnez
Investors in a trust overseen by the Bank of New York Mellon Trust Co. NA sued the banking giant in state court Wednesday, saying it failed to push for transparency or enforcement actions after an oil company whose properties generated the trust's income started using a new accounting method that wiped out distributions for years.
Complaint attached |
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UTILITIES AND POWER
PEOPLE
EXPERT ANALYSIS
LEGAL INDUSTRY
Analysis
BigLaw Deals Scandal Puts Boston Back On White Collar Map
By Chris Villani
A sweeping insider trading case involving information stolen from BigLaw firms shows a return to bread-and-butter white collar enforcement for Boston federal prosecutors and provides a morale lift in an office that has seen shifting priorities and staff turnover since the signature "Varsity Blues" takedown in 2019, veteran prosecutors told Law360.
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