Addressing a broad array of matters of interest to lawyers representing or regulating banks, insurance companies, investment advisers and other financial services businesses.

News

From the Boston Bar Journal: Amendments to Mass. Rules of Civil Procedure Address E-Discovery

Litigants in state court cases have been obtaining discovery of Electronically Stored Information, or “ESI,” for quite some time.  The broad scope of discovery permitted by Mass.R.Civ.P. 26(b)(1), the expansive definition of “documents” found in the previous version of Mass.R.Civ.P 34(a), and the reference to “electronic storage locations” in Superior Court Standing Order 1-09(c)(3) all suggest that ESI should be discoverable.  Until the enactment of certain amendments to the Mass. Rules of Civil Procedure (“Rules”) that took effect on January 1st of this year, however, litigants and the courts had little guidance as to how to proceed with this important form of discovery.  Rules 16263437 and 45, as amended, now provide some much-needed regulation.  This article addresses some of the key provisions.
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From the Boston Bar Journal - The Boston Marathon Bombing One Year Later: Insurance Coverage for Business Raises Concerns

One year after the Boston Marathon bombing,  most retailers, hotels, and restaurants in the Back  Bay have returned to normal business operations.  Many businesses have filed claims with their insurers for business interruption losses. Not all businesses, however, have been made whole, despite having insurance policies in place that were intended to provide such coverage.  According to data supplied by the Massachusetts Division of Insurance, 133 businesses made claims for business interruption losses.  Only half of them (64) received insurance payments.  What can be learned from their experiences and what, if anything, can business owners do to enhance insurance protection in the event of another catastrophic event?
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Financial Services Committees

  • Banking Committee
    This committee deals with a broad array of matters of interest to banks and other financial institutions, focusing in particular on relevant legislative and regulatory developments.

    Contact Information

    Robert Tammero

    Craig and Macauley Professional Corporation

    (617) 367-9500

    Barbara Keefe

    State Street Corp

    (617) 664-7429

  • Broker-Dealer Committee
    The Committee focuses on legal and regulatory issues relevant to the broker-dealer community, such as the establishment and operation of broker-dealers, industry developments, key enforcement, litigation and arbitration decisions and compliance challenges.

    Contact Information

    David C. Boch

    Bingham McCutchen LLP

    (617) 951-8000

    Mark LaSalle Keene

    Bank of America

    (617) 434-7223

    Hillary Pelletier

    LPL Financial LLC

    (617) 897-4776

  • Civil Enforcement Committee
    This Committee focuses on how financial services firms interact with their regulators in the context of civil enforcement, addressing issues arising from investigations, examinations, litigation, compliance, settlement, and related concerns.

    Contact Information

    Eben Prentice Colby

    Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates

    (617) 573-4855

    Luke T. Cadigan

    K&L Gates LLP

    (617) 261-3118

  • Communications Committee
    This is a joint committee between the Business Transactions and Financial Services Sections. This committee publishes information relevant to the business bar. If you are interested in an editorial position or writing an article, please contact the Co-Chairs.

    Contact Information

    Vanessa English Candela

    EMC Corporation

    (508) 293-6456

    Gina M. Perini

    (508) 315-8046

  • Financial Services Public Policy Committee
    This is a joint committee between the Business Transactions and Financial Services Sections. The BBA is very active on the legislative front. Often times, business attorneys are asked to lend their expertise.
  • Financial Services Public Service Committee
    This is a joint committee between the Business Transactions and Financial Services Section. This committee enables business attorneys to perform pro bono work for individuals and organizations.
  • Insurance Law Committee
    This committee covers all areas of insurance law, including property, casualty, life, health, disability, professional liability, fidelity, surety, excess surplus and reinsurance, from the perspective of policyholders, carriers and third parties.
  • Investment Companies and Advisers Committee
    This committee meets to discuss matters affecting investment advisers, mutual funds and private funds, including proposed legislation, developments in federal and state regulation, evolving legal issues and compliance challenges

    Contact Information

    Jason P. Pogorelec

    Fidelity Investments

    Carlo Forcione

    Putnam Investments

    (617) 760-1224

  • Steering Committee
    The leadership committee of the Section organizes programs and discusses policy. To inquire about opportunities, please contact the Section Co-Chairs.