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Court Issues Ruling Limiting Access to Federal Courts in Coastal Restoration Lawsuits


Ford P. Wogan; Jones Walker LLP;
Legal Alert/Article
February 24, 2015, previously published on December 16, 2014
On December 1, 2014, Judge Zainey of the Eastern District of Louisiana issued an Order returning a case involving numerous oil and gas companies back to state court. The Parish of Plaquemines originally filed suit in Louisiana state court on its behalf and on behalf of the State of Louisiana. The...

 

Adobe PDFThe Fifth Circuit Holds That Vessel Based Tankermen Are Not Entitled to Overtime Pay Under The FLSA
Katie S. Cordes; Jones Walker LLP;
Legal Alert/Article
February 23, 2015, previously published on December 16, 2014
In Coffin v. Blessey Marine Services, Inc., --F.3d--, 2014 WL 5904734 (5th Cir. Nov. 13, 2014), the United States Court of Appeals for the Fifth Circuit held that vessel-based tankermen are seamen under the Fair Labor Standards Act (“FLSA”) and are, therefore, exempt from the...

 

HTMLEGRPRA, Regulatory Relief and Comptroller of the Currency Curry’s Proposal to Reduce Regulatory Burden
Eric J. Dyas; Jones Walker LLP;
Legal Alert/Article
February 20, 2015, previously published on December 11, 2014
The Economic Growth and Regulatory Paperwork Reduction Act of 1996 ("EGRPRA") requires that the federal banking agencies (the "Agencies") and the Federal Financial Institutions Examination Council review regulations prescribed by them at least once every ten years in order to...

 

HTMLCongress Enacts Bill to Increase Small Bank Holding Company Policy Statement Asset Threshold
Robert L. Carothers; Jones Walker LLP;
Legal Alert/Article
February 19, 2015, previously published on December 22, 2014
On December 11, both the U.S. House of Representatives and the U.S. Senate passed H.R. 3329, and the bill was signed into law by the President on December 18. The act increases the asset threshold with respect to the applicability of the Federal Reserve's Small Bank Holding Company Policy Statement...

 

HTMLMSRB Urges SEC to Require Bank Debt Disclosures
J. Andrew Gipson; Jones Walker LLP;
Legal Alert/Article
February 18, 2015, previously published on January 29, 2015
On January 20, the Municipal Securities Rulemaking Board ("MSRB") submitted comments to the Securities and Exchange Commission ("SEC") urging the Commission to revisit Rule 15c2-12. In its comment letter, the MSRB proposed that the SEC promulgate additional rules requiring...

 

HTMLMSRB Urges SEC to Require Bank Debt Disclosures
J. Andrew Gipson; Jones Walker LLP;
Legal Alert/Article
February 18, 2015, previously published on January 29, 2015
On January 20, the Municipal Securities Rulemaking Board ("MSRB") submitted comments to the Securities and Exchange Commission ("SEC") urging the Commission to revisit Rule 15c2-12. In its comment letter, the MSRB proposed that the SEC promulgate additional rules requiring...

 

HTMLABA Requests Extension of Comment Period on Proposed CECL Asset Write-Down Rules
Peter J. Rivas; Jones Walker LLP;
Legal Alert/Article
February 18, 2015, previously published on January 22, 2015
In December 2012, the Financial Accounting Standards Board ("FASB") proposed changes as Proposed Accounting Standards Update ("ASU") No. 2012-260, Financial Instruments-Credit Losses (Subtopic 825-15). Please also see the Accounting and Auditing Update Service [AAUS No. 2013-01]...

 

HTMLCourt Issues Ruling on Phase One of Deepwater Horizon Trial, Finding BP, Transocean and Halliburton at Fault
William C. Baldwin; Jones Walker LLP;
Legal Alert/Article
January 16, 2015, previously published on October 16, 2014
On September 4, 2014, Judge Carl Barbier of the United States District Court for the Eastern District of Louisiana issued findings of fact and conclusions of law in the first phase of Transocean's limitation of liability action and the United States' penalty action arising out of the Deepwater...

 

HTMLCFPB Finalizes Rule on Annual Privacy Notices
Robert L. Carothers; Jones Walker LLP;
Legal Alert/Article
January 16, 2015, previously published on October 23, 2014
On October 20, the Consumer Financial Protection Bureau ("CFPB") announced that it had finalized a rule to allow financial institutions that meet certain requirements to post their privacy policies online in lieu of mailing annual privacy notices to their customers.

 

HTMLRegulators Expect Continued Focus on Fair Lending
H. Gary Pannell; Jones Walker LLP;
Legal Alert/Article
January 16, 2015
Compliance with fair lending requirements continues to rank as a high priority among federal financial regulators. A panel discussion at a meeting of the Mortgage Bankers Association in late September featured representatives of the U.S. Department of Justice, the Consumer Financial Protection...

 


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