In the News Today - November 18, 2015

November 18, 2015

Editorial Hits Sheldon Silver for 'Lying' to Editorial Board About True Nature of His Legal Work: "Actually, he had siphoned state funds out of a secret account, given that money to a doctor who treated mesothelioma patients, persuaded the doctor to refer the patients to Weitz & Luxenberg and bagged referral fees. Oh, and Silver had never met any of the clients and did no work on their cases." (New York Daily News)

SEC Chair Admits Need to 'Modernize' Agency's In-House Courts: Amid growing criticism from groups, including ILR, Securities and Exchange Commission Chair Mary Joe White yesterday acknowledged the need to “modernize” the agency’s in-house court system. Still, she defended "fairness" of the system. (Wall Street Journal)

Article Notes U.S. Chamber Brief in Oasis v Coffman: "The highest court in Colorado dealt a setback to the consumer legal funding industry, ruling that businesses that offer cash advances to plaintiffs in personal injury cases should be subject to payday lending rules." (Wall Street Journal)

SEC Reports Rise in FCPA 'Whistleblower Tips": The SEC reports that the number of "whistleblower tips" it receives is rising, with almost 4,000 such tips being received in the past year. The agency reportedly is getting a higher number of tips alleging violations of the Foreign Corrupt Practices Act. (Wall Street Journal)