Bloomberg Law
Aug. 30, 2016, 11:41 AM UTC

Wake Up Call: SEC Settles Last Financial Crisis Case

Elizabeth Olson
Elizabeth Olson
Freelance Correspondent

• The Securities and Exchange Commission’s announcement last week that it settled its last remaining financial crisis case against a former Fannie Mae chief executive sums up a string of frustrating defeats in its efforts to prosecute individuals for securities fraud related to subprime mortgage disclosures.(NY Times)

• The European Union’s executive arm ordered Apple Inc. to pay up to $14.5 million in a crackdown on illegal state aid through favorable tax arrangements. (Bloomberg)

• After months of losing partners, the intellectual property firm Kenyon & Kenyon announced on Monday it will dissolve but its 55 lawyers will jump en masse to ...

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