FEDERAL COURT IN NEW YORK DISMISSES SECURITIES FRAUD CLASS ACTION AGAINST ESTONIA’S DANSKE BANK (“DB”) AND FORMER OFFICERS AND BOARD MEMBERS

George BenaurBusinessLeave a Comment

New York, New York. The class action plaintiffs’ claims centered on alleged misrepresentations about DB’s financial condition given extensive breakdowns in anti-money laundering (“AML”) controls at DB’s branch in Estonia between approximately 2007 and 2015, and also the fallout from the discovery of the lapses.  The Southern District of New … Read More

Sixth Circuit Acknowledges the Broad Scope Of 28 USC § 1782, Authorizing Discovery For Use In Foreign Private Commercial Arbitration

Ben RozenshteynBusinessLeave a Comment

Sixth Circuit Acknowledges the Broad Scope of 28 USC § 1782, Authorizing  Discovery for Use in Foreign Private Commercial Arbitration The Sixth Circuit, in a matter of first impression, allowed discovery of evidence (i.e., documents and deposition testimony) for use in foreign private commercial arbitration, establishing a helpful precedent for … Read More

Due Diligence on International Deals with Foreign Business Partners

Ben RozenshteynBusiness1 Comment

Due Diligence on International Deals with Foreign Business Partners By George Benaur and Ben Rozenshteyn Worldwide enforcement of corrupt business practices continues to intensify and the news is filled with new stories and large fines for violations of anti-bribery, sanctions, antitrust and other laws. While the United States’ Foreign Corrupt … Read More