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  Former partner sues partners for transferring assets, establishing new corporations Wednesday, June 22, 2022 After the Texas Department of Insurance investigated partnerships between three attorneys and one non-attorney to determine whether a licensed attorney was supervising the work of employees conducting closings, the three attorney partners transferred partnership assets and business to newly established law firms. After unsuccessful settlement negotiations, the non-attorney partner sued the lawyers and their law firms.
 Flagstar Bank reports data breach impacting more than 1.5 million Wednesday, June 22, 2022 In a disclosure to the Office of the Maine Attorney General, Flagstar Bank reported that a data breach occurred on Dec. 3 and 4, 2021. It discovered on June 2, 2022, that the information of more than 1.5 million customers had been impacted.
California considers limited liability company notice bill Wednesday, June 22, 2022 The California Legislature is considering a bill that would require the secretary of state to establish a procedure to notify limited liability companies that an updated statement of information has been filed for the limited liability company.
 Louisiana governor signs privacy law Monday, June 20, 2022 Louisiana Gov. John Bel Edwards signed legislation regarding the disclosure of personal information of certain persons. The new law goes into effect Aug. 1.
 Buyer, seller dispute breach of contractMonday, June 20, 2022 When a buyer did not close on the purchase of property, the seller declared a breach of the contract. The buyer then sued for the return of its deposit. A trial court granted the buyer summary judgment, finding the seller had breached first by failing to provide documents referred to in the title commitment. The seller appealed.
CFPB to rethink approach to regulationsMonday, June 20, 2022 In a recent blog post, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra said the bureau is seeking to move from highly complicated rules toward simpler and clearer ones, as well as dramatically increasing the amount of guidance it is providing to the marketplace.
Alabama insurance commissioner to retireMonday, June 20, 2022 Alabama Gov. Kay Ivey announced Alabama Department of Insurance Commissioner Jim Ridling will retire at the end of the month after nearly 14 years serving the state.
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