Wake Up Call: Trump’s CFTC Pick May Signal Change on Dodd-Frank

Ed. Note: This article first appeared in bol

President Trump plans to nominate J. Christopher Giancarlo to chair the Commodity Futures Trading Commission, which regulates the derivatives trading that set off the financial crisis.

Unlike Trump, Giancarlo has said he supports the core reforms of the Dodd-Frank Act.

A Republican member of the CFTC, Giancarlo took over as the agency’s acting chairman in January.

Giancarlo worked as a law firm partner for about eight years, at Giancarlo & Gleiberman, and the now-defunct Thelen Reid.

More than 14 months after it accepted it, the U.S. Supreme Court is set to hear Microsoft v. Baker, which considers options available for plaintiffs when a district court refuses to certify a class-action.

Multinational companies’ transatlantic transfers of personal data could be in for another jolt today. An Irish court’s decision expected in a battle between Facebook Inc., Ireland’s data protection regulator and an Austrian privacy activist could void a key legal mechanism that companies have been using in recent months make such transfers.

Mary Yelenick, a longtime Chadbourne & Parke partner and onetime head of its product liability group, filed a declaration in Manhattan federal court, in which she detailed her accusations of systemic gender discrimination at the firm.

Boies Schiller & Flexner is disbanding its 20-lawyer corporate practice, the bulk of whom are headed for the larger competitor, Paul Hastings.

“It’s much more practical in today’s environment to have a boutique litigation shop than a boutique corporate practice,” said David Boies.

Posted by: The Trust Advisor

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