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HTML"Pay To Play" Rule Proposed for Municipal Advisors
J. Andrew Gipson; Jones Walker LLP;
Legal Alert/Article
September 16, 2014, previously published on September 4, 2014
On August 18, 2014, the Municipal Securities Rulemaking Board ("MSRB") issued a request for comment on proposed rule amendments expanding application of Rule G-37, its "pay to play" rule, to municipal advisors and municipal advisor third-party solicitors. The request for comment...

 

HTMLUDAP/UDAAP: Goodbye Regulation, Hello Guidance
Craig N. Landrum; Jones Walker LLP;
Legal Alert/Article
September 16, 2014, previously published on September 11, 2014
In recognition that its authority to issue credit practices rules for insured institutions was repealed as a consequence of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank"), the Board of Governors of the Federal Reserve System (the "Board") is...

 

HTMLDistrict Court Holds That an Indemnity Agreement is Enforceable Under the LOIA When the Issue of the Indemnitee's Fault Will Never be Reached Due to Peremption of the Claim
Katie S. Cordes, Edward J. Koehl, William P. Wynne; Jones Walker LLP;
Legal Alert/Article
September 5, 2014, previously published on August 28, 2014
In our June 2014 E*lert we informed you about a case of first impression, Hefren v. Murphy Exploration & Production Co. USA, et al., No. 12-1899 (W.D. La. 2014), in which the United States District Court for the Western District of Louisiana agreed with Jones Walker attorneys Edward J. Koehl,...

 

HTMLFifth Circuit Requires Underwriters to Pay for Removal of Debris Claims Under Excess Policies
William C. Baldwin; Jones Walker LLP;
Legal Alert/Article
September 5, 2014, previously published on August 28, 2014
After Hurricane Ike caused extensive damage to W&T Offshore's operations and required expensive removal of debris costs, W&T Offshore's excess underwriters filed a preemptive declaratory judgment action, seeking a ruling that the underwriters were not obligated to pay claims under their excess...

 

HTMLNaquin's Inclusive Definition of a Jones Act Seaman is Applied to a Port Engineer
Katie S. Cordes; Jones Walker LLP;
Legal Alert/Article
September 5, 2014, previously published on August 28, 2014
In our April 2014 E*lert, we alerted you to the fact that the United States Court of Appeals for the Fifth Circuit arguably expanded the scope of Jones Act seaman status when it held that a shipyard repair supervisor was a Jones Act seaman in Naquin v. Elevating Boats, L.L.C., 744 F.3d 927 (5th...

 

HTMLGains and Losses on Equity Holdings May Be Marked at Fair Value and Included in Net Income
Peter J. Rivas; Jones Walker LLP;
Legal Alert/Article
September 4, 2014, previously published on August 28, 2014
On July 30, 2014, the Financial Accounting Standards Board ("FASB") voted five to two to require publicly traded companies to fair value most gains and losses on equity securities and include such gains and losses in net income. However, the FASB made an exception for equity holdings that...

 

HTMLOCC Issues New Guidance On Bank Sales of Consumer Debt
George A. LeMaistre; Jones Walker LLP;
Legal Alert/Article
August 27, 2014, previously published on August 21, 2014
Earlier this month, the Office of the Comptroller of the Currency ("OCC") released a new guidance discussing the practices that the agency expects banks and thrifts under its supervision to follow in selling consumer debt instruments.

 

HTMLKeeping Up with the Times: Solving the I-9 Conundrum for Remote Employees
Maria del Carmen Ramos; Jones Walker LLP;
Legal Alert/Article
August 27, 2014, previously published on August 18, 2014
The impact that technology has on our everyday life is impressive. It touches us at work, home, and even while we’re on the road. And while technology has its disadvantages (you are always “on”), it also has its advantages: for instance, it gives employees the ability to...

 

HTMLCFPB Releases Overdraft Study
Robert L. Carothers; Jones Walker LLP;
Legal Alert/Article
August 18, 2014, previously published on August 14, 2014
On July 31, 2014, the Consumer Financial Protection Bureau ("CFPB") released the results of a study prepared by its Office of Research on the topic of checking account overdrafts. The study was based on a sampling of data from several large banks supervised by the CFPB. It contains a...

 

Adobe PDFMississippi Taxpayers Seeing Green! Mississippi Supreme Court Invalidates Restrictive Regulation on Pollution Control Equipment Sales Tax Exemption
John F. Fletcher, Justin B. Stone; Jones Walker LLP;
Legal Alert/Article
August 12, 2014, previously published on August 2014
Yesterday, August 7, 2014, the Mississippi Supreme Court invalidated a sales and use tax regulation where the Mississippi Department of Revenue (the "MDOR") attempted to impose more restrictive requirements than the terms of the underlying statute on the exemption for pollution control...

 


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