From majoring in accounting and finance with aspirations of becoming an FBI agent to clerking for Justice Clarence Thomas at the U.S. Supreme Court, Heath Tarbert has had an illustrious career that is a fascinating blend of ambition, hard work, and serendipity. Listen in as he shares with Michael Sachs valuable insights on leadership, the role of a general counsel and adaptability.
https://bit.ly/3zJOeV1#mlaglobal#mlapodcast#legalpodast#GC#SCOTUS#fintech
Two esteemed alumni and highly sought after legal experts return to the firm.
Tim Baron, Partner, Capital Markets and Securities and Catherine Doyle, Financial Services, bring back a wealth of experience, stellar reputations and a deep understanding of our firm's client focus.
Read more: https://bit.ly/4f9N30E#McMillanLawyers#alumni
【Fall 2024 Semester】U.S. Publicly Traded Corporations
This class is an 11-week online, asynchronous course starting on September 8, 2024 and ending after 12 weeks (with one week break).
This course will focus on the practical, theoretical, legal, and business context of publicly traded corporations. Specific topics and coverage will include directors’ fiduciary duties, shareholder enforcement of these duties, disclosure obligations, insider trading, shareholder voting, and some public company M&A. We may also consider relevant current events. Throughout the course we will be looking at ways business lawyers can create value for their clients. Although economic analysis will occasionally be a part of the course, no economic background is needed.
Format: Asynchronous Learning
Registration link: https: //course.law.nycu.edu.tw/#FiduciaryDuties#disclosureobligations#InsiderTrading#M&A
We are delighted that Steve and Mark have joined our New York team. They are leaders in broker dealer regulation in the US and Steve has published extensively on the subject.
Please find full article including Steve and Mark's bios below:
#pennymac#mortgage#BankofAmerica#pennypinching#customers
THE 'BITTA' TRUTH ON ...PENNYMAC's SORDID MORTGAGE SCHEMES!
@sulfabittas.substack.com
Countrywide renamed itself as PENNYMAC after 2008 financial crisis when they and Bank of America were bed-buddies.
Countrywide is a now defunct ---(in name only) --was a housing-loansharking operation which was in collusion with Bank of America and got exposed as being partly responsible for the 2008 crisis.
The out of tune duet, #BankofAmerica and #Pennymac are accused of once again being up to their old tricks from all indications, investigation, lawsuits, fines and press reports.
Lawsuits have being filed against both Pennymac and Bank of America for alleged wrongdoing.
Bank of America was also fined by financial regulators for bad conduct.
This horror story gets worse. Pennymac has once again been buying up home-owners mortgages from Bank of America.
Arising from this, clearly to augment profits and rapidly recoup money they paid for these customers mortage from Bank of America --- and elsewhere ---#pennymacappears to be using #fuzzymaths to charg consumers for “mortgage escrow shortages” that can’t be properly explained.
PENNYMAC'S FANTASTIC OPERATING INCOME GROWTH
The effect on Pennymacs moneymaking operation has been stunning. Pennymacs Operating Income shockingly grew from a deficit postion of -32.20% in 2020 an astronomical 253.66% in 2021. Was this because of the "mortgage escrow shortages" as a new income stream?
Pennymac's stock price has been rising oscillating at about $110 as of October 10, 2024.
On the face of this one would think this is sound investment. Mmmm. Attractive #stockprice and #revenuestream . But there is more to investment than financial bottomline, would you agree?
Business #ethics, good name and #trust are important component of #success. And, apparently, there is no #moralcompass guiding pennymac's board.
What do you think?
We are left to conclude this, there is no other choice, because of all Pennymac's customers complaints and the objective fact that they are being sued by the extremely reputable Schall Law Firm, for #breach of #fidicuary#duty .
HELLO!
Will it get worse? Let's wait and see! Meanwhile, Schall Law Firm are now our champions for corporate morality, -[READ] -- #businessethics being required to guide Pennymac's operations.
COMPLAINTS
“PennyMac are thieves,” a REDDIT writer, Vince said.
“It is Countrywide Loans, with a changed name,“Re-branded,” Vince writes on REDDIT.
Vince is one of the many frustrated PennyMac customers who have expressed their frustrations online against PennyMacs’ ESCROW SHORTAGE scheme.
Complaints to the Better Business Bureau and elsewhere say that PennyMac have never being able to explain how these escrow shortages occur. And this is even for people on a long-term fixed mortgage. Shameful! Have a heart! Word!
ECONOMIC JOURNALIST & POLITICAL COMMENTARY AND OPINION FEATURE WRITER, JAMAICA GLEANER; PUBLISHER, AUTHOR, GHOST-WRITER, RESEARCHER, POET & PUBLIC SPEAKER
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against #PennyMac Financial Services, Inc. and Encourages Investors to Contact the Firm
PRESS RELEASE Accesswire
Jan. 26, 2024, 05:00 AM
... An investigation and lawsuit for breach of "fiduciary duties" has been launched by the reputable Schall Law Firm. This probe focus on the breach of "national shareholder rights."
This litigation will investigating claims on behalf of investors in PennyMac Financial Services, Inc. ("PennyMac" or "the Company") (NYSE:PFSI) for potential breaches of fiduciary duty on the part of its directors and management.
The investigation focuses on determining if the PennyMac board breached its fiduciary duties to shareholders.
https://lnkd.in/exEukFfj
Securities and corporate law play a crucial role in shaping the dynamics of financial markets and business operations. But keeping a finger on the pulse of this ever-evolving legal landscape can be a challenge.
Join us at the 51st Annual Securities Regulation Institute, where Fenwick partner Ran Ben-Tzur will contribute to a panel exploring developments for public and private offerings within capital markets. This three-day event stands as one of the nation's premier securities and corporate law conferences, offering invaluable insights from regulators, judges, and experienced practitioners.
Don't miss this chance to stay ahead by registering here: https://bit.ly/41RAQIq#SecuritiesLaw#CorporateLaw#CapitalMarkets
We are pleased to announce that Jonathan K. and Douglas Curran, versatile commercial litigators with national practices, have joined Anderson Kill as shareholders in New York and co-chairs of the newly formed Financial Litigation & Complex Disputes practice group.
Jonathan and Douglas together have decades of experience advising clients in litigation involving complex financial instruments, investment vehicles, funding agreements, commercial contracts, and post-closing rights under M&A agreements, among others. They are noted for their track record of navigating complicated and high-stakes disputes.
Please join us in welcoming them!
Click the link below to read their full press release.
#financiallitigation#financiallitigator#complexdisputes#contractuallaw#MandA
