In early March, New York State Attorney General Letitia James and New York City Corporation Counsel John E. Johnson announced a $105 million settlement against a hedge fund manager for tax evasion. The New York authorities were alerted to the potential of fraud in October 2018 by a whistleblower lawsuit brought under New York’s False
Ryan J. Strasser
A first-chair trial lawyer and a litigation partner in the firm’s Regulatory Investigations, Strategy + Enforcement (RISE) Practice Group, Ryan focuses his practice on the representation of clients at the intersection of enforcement actions, investigations, and civil litigation.
Troutman Sanders Attorneys Publish Business Law Today Article, “The Coming Tsunami: Anticipated Regulatory and Enforcement Trends in the Wake of COVID-19 and the Unique Role of State Attorneys General”
Miranda Hooker, Partner, Pepper Hamilton
Ashley L. Taylor, Jr., Partner, Troutman Sanders
Ryan J. Strasser, Associate, Troutman Sanders
Katherine E. Stark, Associate, Pepper Hamilton
Throughout the 20th and 21st centuries, every national crisis in the United States has left a long wake of investigations in its trail at all levels of government.…
FCA Whistleblowers Not Guaranteed Hearing When Government Seeks Dismissal in Third Circuit
On September 12, the United States Court of Appeals for the Third Circuit, in a precedential ruling, held that courts are not required to hold an in-person hearing prior to granting a government’s request to dismiss a qui tam whistleblower’s federal False Claims Act (“FCA”) or Delaware False Claims Act (“DFCA”) suit. However, the Court…
California False Claims Act Bill to Include Tax Fraud Fails
On August 30, the California Senate Appropriations Committee failed to approve A.B. 1270 which would extend the California False Claims Act to include tax matters, joining Illinois and New York as the only states that allow whistleblowers to file claims against companies alleging violations of the tax code. Notably, the Federal False Claims Act specifically …
Consumer Financial Service 2018 Year in Review & A Look Ahead
2018 was a busy year in the consumer financial services world. As we navigate the continuing heavy volume of regulatory change and forthcoming developments from the Trump administration, Troutman Sanders is uniquely positioned to help its clients successfully resolve problems and stay ahead of the compliance curve.
In this report, we share developments on …
Democrats in House Looking to Increase CFPB Military Lending Oversight
Earlier this month, the apparent next chair of the U.S. House Committee on Financial Services, along with almost two dozen other Democrats, urged the Consumer Financial Protection Bureau’s new director to proactively supervise firms for compliance with servicemember lending rules.
In a letter to CPFB Director Kathleen Kraninger, Rep. Maxine Waters (D-Calif.)…
Expanding Authority: How the Virginia Attorney General Has Used the Virginia Consumer Protection Act to Augment Its Reach
By: Ashley Taylor, David Anthony, Stephen Piepgrass and Ryan Strasser
The Virginia Consumer Protection Act (VCPA), Virginia Code § 59.1-196 et seq., represents the Virginia General Assembly’s effort to enact a sweeping and potent remedial tool to protect consumers from exploitation by a business where the consumer has engaged in a “consumer transaction” with…
Nearly $160,000 Judgment Assessed Against Violator of Virginia Consumer Protection Act
A Roanoke City Circuit Court judge recently ordered a defendant to pay nearly $160,000 to two plaintiffs for violations of the Virginia Consumer Protection Act (“VCPA”) in a dispute over a wrecked car worth no more than $9,300.
In Hughes v. Robert Young Auto & Truck, Inc., No. CL16-1364, the plaintiffs, a married North…
Eleventh Circuit Imposes Joint and Several Liability on Payment Processor for Fraud by Client
On December 13, the U.S. Court of Appeals for the Eleventh Circuit affirmed the imposition of joint and several liability on a payment processor that had provided “substantial assistance” to another entity that violated a federal ban on improper telemarketing practices. The decision leaves the payment processor responsible for paying the $1.7 million judgment with…