Community Reinvestment

The National Community Reinvestment Coalition and the California Reinvestment Coalition’s suit against the Office of the Comptroller of Currency can continue, a federal court in California ruled. The coalitions claim the comptroller issued a final rule that “guts” the Community Reinvestment Act, which was passed to address systemic discrmination in the financial services provided to low and moderate-income communities.

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Court Tosses Suit Over Self-Reported Exec Misconduct at LendingClub

A derivative action against online loan platform LendingClub Corp. alleging that the company’s board of directors breached its fiduciary duties was dismissed in Delaware Chancery Court  after investors failed to prove that the board acted in bad faith after self-reporting misconduct to the Securities and Exchange Commission. 

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NY Forfeiture Case Takes Off on Russian Intrigue

Found sealed and bound in twine, a Russian criminal case file has shaken up a New York case that touches on the mob, political corruption and pricey real estate. A federal judge here agreed Tuesday that the evidence is crucial to the government’s $230 million forfeiture action.

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