Chief

Tom Davis Bolsters Epiq’s Strategy in Class Action Spaces with New Chief of Staff Role Focused on Combating Fraud

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NEW YORK — Epiq, a leader in legal services and technology, announced the appointment of Tom Davis as Chief of Staff for its Class Action, Remediation, and Mass Tort business unit. This strategic move comes as part of Epiq’s efforts to enhance its capabilities in managing complex legal challenges and mitigating fraud in class action settlements. Davis, formerly Vice President of Operations and Fraud Prevention at Garden City Group (GCG) before its acquisition by Epiq in 2018, brings a wealth of experience in fraud detection and legal compliance. Reporting directly to Nicole Hamann, President of … Read more

Jury Deliberates in High-Stakes Bribery Case Against Former AT&T Illinois Chief, Paul La Schiazza

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CHICAGO — Deliberations continued Wednesday in the trial of Paul La Schiazza, the former president of AT&T Illinois, who faces charges of conspiracy, bribery, and other offenses. Accused of making illicit payments to a confidante of Michael Madigan, the once-dominant Illinois House Speaker, La Schiazza allegedly aimed to secure backing for legislation that could save his company substantial sums. The trial, which concluded its proceedings much faster than the anticipated three weeks, pivots on accusations that La Schiazza arranged for former state Rep. Eddie Acevedo, known for his ties to Madigan, to be paid $22,500 … Read more

Ripple’s Chief Legal Officer Blasts SEC for Vague Crypto Policies Amid Rising Frustration in the Sector

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Washington, D.C. – The discourse surrounding the regulation of cryptocurrencies took a poignant turn this week as Ripple’s chief legal officer, Stuart Alderoty, levied pointed criticism at the Securities and Exchange Commission (SEC) for its alleged inconsistencies in regulatory practices. Through public statements and visually creative social media posts, Alderoty brought renewed attention to what many industry insiders perceive as a regulatory landscape fraught with confusion and ambiguity. Alderoty’s critique arrives amid the SEC’s latest investor alert, which reissued cautionary advice regarding a spectrum of cryptocurrency-related scams. However, it’s not just the warnings that drew … Read more

Ethereum Likely Not a Security, Suggests SEC in Recent eToro Settlement, Says Coinbase Legal Chief

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Washington, D.C. – A settlement between the U.S. Securities and Exchange Commission (SEC) and trading platform eToro has led to significant discourse in the cryptocurrency industry regarding Ethereum’s legal status. Ethereum, widely regarded as the second most prominent cryptocurrency after Bitcoin, has lingered in an uncertain regulatory space, prompting discussions about its classification as a commodity or a security. Paul Grewal, Chief Legal Officer at Coinbase, the largest cryptocurrency exchange in the United States, stated that the SEC has indirectly acknowledged Ethereum as a non-security through this settlement. The agreement requires eToro to cease offering … Read more