http://www.reedsmith.com/ en-us © Copyright 2013 Reed Smith LLP. All rights reserved. Tue, 18 Jun 2013 01:52:34 GMT Tue, 18 Jun 2013 01:52:34 GMT http://www.reedsmith.com/events/detail.aspx?firmEvent=3638 Event http://www.reedsmith.com/events/detail.aspx?firmEvent=3638 Mon, 03 Jun 2013 05:00:00 GMT 6/3/2013 12:00:00 AM Crowdfunding basically consists in the funding of a project by raising many small amounts of money from a large number of people, typically via the Internet. Primarily used in specific artistic sectors, such as the music or movie business, crowdfunding is booming as it may be considered as an interesting alternative to finance projects other than by bank loans and venture capital, in particular for small- to medium-sized companies. Under French law, public offers, banking and financing activities are strictly regulated. Because of regulation of banking monopoly, only credit institutions may carry out banking and financing activities which are subject to heavy accreditations and monitoring procedures from the French securities, financial and banking regulators: the “Autorité des Marchés Financiers” (AMF) and the “Autorité de Contrôle Prudentielle” (ACP). http://www.reedsmith.com/publications/detail.aspx?publication=12448 Publication http://www.reedsmith.com/publications/detail.aspx?publication=12448 Fri, 31 May 2013 00:00:00 GMT The recent Office of the Comptroller of the Currency (OCC) decision applying disparate impact theory in finding that a group of white borrowers had been discriminated against adds a further layer of confusion to the interplay of various laws to encourage community lending and discourage discrimination. At first blush, the case would seem insignificant in view of the small size of the community bank involved (only $7 million in total assets), the limited number of borrowers entitled to restitution (around 65), and the low overall amount to be refunded (less than $100,000). As compared with the eight- and nine-figure settlements of fair lending and other cases involving mortgages that have been occurring with increased frequency, this matter shouldn't even be on the radar screen. But if it becomes a precedent that is followed in other cases involving the already complex and overlapping myriad fair lending laws and their enforcement by regulators, it could further add confusion to an area that is already too complex and confused. http://www.reedsmith.com/publications/detail.aspx?publication=12431 Publication http://www.reedsmith.com/publications/detail.aspx?publication=12431 Tue, 28 May 2013 00:00:00 GMT May 24, 2013 – Reed Smith LLP today announced the 2013 rankings of its practices and lawyers in the United States by Chambers and Partners. The firm earned four nationwide practice group rankings and 21 statewide practice group rankings, including three statewide practices ranked in Band 1 – Pennsylvania Banking & Finance, Pennsylvania Bankruptcy/Restructuring and Illinois Insurance: Dispute Resolution. Seventy-two Reed Smith lawyers collectively earned 82 Chambers rankings for the year, including 13 Band 1 ranks. Lawyers named in Band 1 for 2013 include four recognized for their nationwide practices: Douglas J. Wood, Advertising: Transactional & Regulatory; Elizabeth Carder-Thompson, Healthcare: Regulatory & Litigation; John S. Vishneski, Insurance: Dispute Resolution: Policyholder; and Michael K. Brown, Product Liability & Mass Torts. Others lawyers at the firm ranked in Band 1 for 2013, their practice group and the states in which they practice included: Margaret Grignon, Litigation: Appellate, California; Kurt F. Gwynne, Bankruptcy/Restructuring, Delaware; John S. Vishneski, Insurance: Dispute Resolution and John Shugrue, Insurance: Dispute Resolution, both in Illinois; Murray J. Klein, Healthcare, New Jersey; and Claudia Z. Springer, Bankruptcy/Restructuring; Leonard A. Bernstein, Banking & Finance: Mainly Regulatory; Lisa D. Kabnick, Banking & Finance; Michael E. Bleier, Banking & Finance: Mainly Regulatory; and, Paul Singer, Bankruptcy/Restructuring, all five in Pennsylvania. Reed Smith’s lawyers singled out by the publication are members of 28 practices across the United States A complete list of the U.S. lawyers and practices ranked by Chambers in 2013 is available online at http://www.chambersandpartners.com/USA/Search/Firm/Reed-Smith. http://www.reedsmith.com/knowledge/detail.aspx?news=1929 News http://www.reedsmith.com/knowledge/detail.aspx?news=1929 Fri, 24 May 2013 00:00:00 GMT