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Supreme Court

Alito reports gift of $900 concert tickets in annual financial disclosure

Justice Samuel Alito did not report any reimbursements for travel-related expenses in 2023, according to a financial disclosure form made public on Friday. The form also revealed that Alito accepted concert tickets worth $ 900 from a German princess.

Each justice is required to file a financial disclosure every year by May 15 with the Administrative Office of the U.S. Courts, which makes the forms available online in early June. However, the justices can receive an extension of up to … Read the rest

Supreme Court

In financial disclosure Thomas adds two “inadvertently omitted” trips from billionaire Crow

Justice Clarence Thomas revealed on Friday that conservative billionaire Harlan Crow paid for two trips in 2019, involving a hotel stay in Bali, Indonesia, and at a private club in Sonoma County, Calif. The news came as part of the justices’ annual financial disclosures, which are filed in mid-May and released in early June each year. The forms published online on Friday by the Administrative Office of the U.S. Courts chronicled the justices’ book royalties – including an advance … Read the rest

Civil Law

FICA sanctions for financial services providers

This blog was co-authored by Michael McCarthy, trainee associate, litigation insurance.

On 20 March 2024 the Financial Sector Conduct Authority published a number of administrative sanctions for financial services providers who had failed to comply with the Financial Intelligence Centre Act (FICA). The FSCA, the supervisory body responsible for financial services providers under FICA, issued the sanctions following inspections it conducted during the course of 2023. Each FSP was found to have contravened section 42(1) and (2) of FICA for … Read the rest

Civil Law

5 Trends to Watch: 2024 UK Financial Services Regulation

1. Final rules expected on non-financial misconduct: The genesis of the UK Financial Conduct Authority’s (FCA) interest in “non-financial misconduct” was a letter from the FCA to the Parliamentary Women and Equalities Committee in September 2018 concerning sexual harassment in the workplace. Since that time, the FCA’s intentions and views on the topic have only been ascertainable through its Final Notices and Upper Tribunal decisions. Usually relating to serious misconduct, including criminal offences, those decisions have not always … Read the rest

Circuit Courts

Judges Bring Financial Literacy to Florida Veterans

Florida bankruptcy judges are on a mission to empower military veterans with financial literacy. During a series of events scheduled statewide, the judges have partnered with local legal and veterans service organizations to teach valuable skills for making educated financial decisions and avoiding deceptive credit traps.
Judiciary News – United States Courts… Read the rest

Supreme Court

Thomas and Alito file 2022 financial disclosures

Justice Clarence Thomas took three trips in 2022 hosted in part or in full by Dallas billionaire Harlan Crow, according to a financial disclosure form made public on Thursday morning. The form also revealed that on at least two of those trips, Thomas traveled by private jet – according to Thomas, at the recommendation of his security detail in the wake of the leaked draft opinion overturning the constitutional right to an abortion.

Each justice is required to file … Read the rest

Supreme Court

Israeli citizen challenges U.S. wire-fraud conviction for foreign financial scheme

The Petitions of the Week column highlights a selection of cert petitions recently filed in the Supreme Court. A list of all petitions we’re watching is available here.

The Supreme Court has issued a number of decisions in recent years limiting the reach of the federal wire-fraud statute, which outlaws the use of “the wires” – including internet and phone lines – to commit fraud. This week, we highlight cert petitions that ask the court to consider, among … Read the rest

Civil Law

Financial Ombudsman Service compensation limit increased again – by more than 10%

The Financial Conduct Authority confirmed last month that the limit for compensation that can be awarded by the Financial Ombudsman Service (“FOS”) will be raised from £375,000 to £415,000, for complaints made after 1 April 2023 relating to acts or omissions on or after 1 April 2019 – an increase of over 10%.

A lower limit of £190,000 applies to any complaints made from 1 April 2023 relating to events that occurred prior to 1 April 2019 – again an … Read the rest