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WASHINGTON, D.C. – Nelson Mullins Riley & Scarborough LLP’s Charleston office managing partner John C. McElwaine has been selected as a 2023 World Trademark Review Global Leader. Now in its fifth edition, the guide, entitled the “WTR Global Leaders: Private Practice” lists McElwaine as a Global Lead

South Carolina-chartered corporations1 may now hold virtual meetings of shareholders whereby shareholders and proxy holders not physically present at the annual or special meeting location may participate by means of remote communication if authorized by the corporation’s board of directors.2 The ne

Diplomatic efforts to prevent Russia’s invasion of Ukraine did not prevail, and unfortunately the conflict continues. Although we don’t wish to overlook or dismiss the pain and suffering that is attendant to war, and while we hope for a quick, safe resolution, there are and will continue to be unint

Richard Levin, the chair of Nelson Mullins‘s Financial Technology and Regulation was recently quoted in an article in Yahoo Finance – “The Risks & Rewards of Growth Hacking & Clout Chasing with BitClout.”  The article discusses a new technology that allows individuals to monetize their identities th

Richard Levin, chair of Nelson Mullins’s FinTech and Regulation Practice, was recently quoted in an article in The Financial Times – “Regulators in three US states close in on BlockFi’s cryptocurrency accounts.” The article discussed the recent actions by several state regulators against BlockFi, a

Following a friendly fundraising competition hosted by Atlanta Volunteer Lawyers Foundation (AVLF), Nelson Mullins has been named a 2022 AVLF Cup Champion. The firm raised $42,202 and was among 9 champion organizations recognized in the competition. Overall, AVLF raised more than $240,000 toward its

In a famous Seinfeld episode, a master soup maker had strict rules for ordering his delicious confections.  A violation of his rules, resulted in “No soup for you!”  Just like the soup maker who had the power to withhold soup from anyone who violated the rules for ordering soup, the U.S. Securities

Anyone who has ever received a civil investigative demand, subpoena, second request, voluntary access letter, or other form of compulsory process from a federal antitrust regulator knows that the government’s standard definition of “document” is wide ranging and seemingly encompasses every form of w

On Monday, the North Carolina Department of Health and Human Services announced the recipients of five Prepaid Health Plan (PHP) contracts for Medicaid managed care.  The four statewide PHP contracts were awarded to AmeriHealth Caritas NC, Inc., Blue Cross and Blue Shield North of Carolina, UnitedHe

Nelson Mullins and Miami Dade College will kick off Miami Tech Month with the inaugural Women in FinTech (“WinFin”) Conference. Panels of nationally recognized thought leaders will share insights on FinTech’s global development. Speakers include: Michelle Abbs, Vice President of Community and Educat

In a recent article by CanvasRebel, Nelson Mullins partner Harsh Arora was featured for his pro bono contributions and his successful corporate law practice. The article provides an in-depth discussion with Arora on his harmonious style of practice and how he helps others in need, specifically throu

The SBA has released an updated loan forgiveness application and instructions for the Paycheck Protection Program (“PPP”) to account for certain changes made in the Paycheck Protection Program Flexibility Act of 2020 (the “PPP Flexibility Act”) signed into law by President Trump on June 5, 2020. As

The Massachusetts sports betting bill (“H.5164”) was signed into law in August 2022 by Governor Charlie Baker (more here on the impact of the bill). Included in the bill were two key provisions carving out fantasy sports contests from the definition of sports wagering1 and levying a separate 15 perc

Nelson Mullins Riley & Scarborough announces 15 North Carolina attorneys have been inducted into the 2018 North Carolina Pro Bono Honor Society by the North Carolina Pro Bono Resource Center (PBRC). Society members reported providing 50 or more hours of pro bono legal services in 2018 to clients una

CHARLESTON, S.C. — Nelson Mullins Riley & Scarborough LLP Charleston Office Managing Partner John C. McElwaine is recognized as a “World Leading Trademark Professional” in the ninth edition of World Trademark Review 1000 (WTR1000).The ninth edition has ranked him both nationally and in the D.C. Metr

Law360 has named Nelson Mullins Riley & Scarborough LLP in its top 50 law firms in its inaugural Pulse Leaderboard, which ranks the top 100 firms for a combination of the work they do, the reputation they cultivate, and the commitment they demonstrate to being a socially responsible law firm, accord

The relationship between FinTechs and banks has significantly evolved in the past ten years, from a competitive stance to beneficial partnerships. We recently presented at the 2021 Tennessee Bankers Association Annual Meeting, discussing the rapid emergence of FinTechs and how banks are finding oppo

Jim Lehman, left, celebrates Claflin University’s 150th Founders’ Day in 2018 with award recipient and board member James Bennett.Historically black colleges and universities (HBCUs) were founded after the Civil War to offer students of color an opportunity for higher education in a community that t

Nelson Mullins FinTech attorneys Richard Levin, Kevin Tran, and Bobby Wenner recently co-authored a chapter titled “HAL, the Terminator, and Agent Smith entered a bar; Regulation of Artificial Intelligence in the United States,” in Global Legal Insights’ AI, Machine Learning & Big Data 2024. This ch

Please join Nelson Mullins Riley & Scarborough for the 2021 South Florida Health Forum. We look forward to reconnecting with you after a year away from our annual event.Agenda11-11:55 a.m. | Registration and Lunch11:55 a.m.-12 p.m. | Welcome and Opening Remarks, Mike Segal, Nelson Mullins12-12:55 p.

Cooper Delivers State of the State AddressNC Governor Roy Cooper delivered his third State of the State address from the NC House Chamber Monday evening where he recognized the resilience of North Carolinians throughout the pandemic and provided a vision for a shared recovery that rebuilds our econo

Now that stakeholders in the financial services industry have two choices for identification standards in the digital asset market, they have a question to contend with: Does the industry really need more than one standard?Nelson Mullins Riley & Scarborough LLP partner and chair of the FinTech and R

Partner and Chair of Nelson Mullins’ FinTech and Regulation practice Richard Levin, partner Brandon Neuman, and senior associate Jeff Kelly were recently featured in a Forbes article exploring how regulatory sandboxes are giving certain states an edge as they compete to attract innovation and invest

The IRS released a draft of Form 1099-DA “Digital Asset Proceeds from Broker Transactions” in April which will require anyone defined as a “broker” to report certain information related to the sale of digital assets. The new reporting requirements will be effective for transactions occurring in 2025

WASHINGTON, D.C. – The National Legal Aid & Defender Association (NLADA), America’s oldest and largest nonprofit association devoted to excellence in the delivery of legal services to those who cannot afford counsel, has awarded Nelson Mullins Riley & Scarborough LLP its 2022 Beacon of Justice Award

Partner and Chair of Nelson Mullins' FinTech and Regulation Practice Richard Levin was recently quoted in an article on Hypepotamus, an online platform discussing technology news and resources. The article discussed the the rise in popularity of blockchain and digital currency amongst startups. 

Within a recent address to an industry conference, Dr. Lael Brainard, a member of the Board of Governors of the Federal Reserve System (FRB), drove home her belief that the adoption of stablecoins over a U.S. Centralized Bank Digital Currency (CBDC) could place the U.S. in danger of “inefficiency, f

Conditions have certainly changed since we last evaluated the choice between starting a “new” bank with a de novo charter versus purchasing an existing bank to implement the “new” bank’s business plan. When we wrote our first Build or Buy article in the fall of 2019, the economy was still riding a s

In an article published by American Banker discussing a recent announcement from the Consumer Financial Protection Bureau detailing plans to develop interpretive guidance that would extend many existing consumer credit card protections to Buy Now, Pay Later loans – which could slow the installment-l

COLUMBIA, S.C. — Nelson Mullins Riley & Scarborough LLP recently recognized two partners and two associates with Claude M. Scarborough Pro Bono Awards for their outstanding commitment and contributions to pro bono work in 2020 and 2021. The award is named for the late Chair Emeritus Claude Scarborou

RALEIGH -- Nelson Mullins Riley & Scarborough is pleased to announce that 16 of its North Carolina-based attorneys have been inducted into the 2019 North Carolina Pro Bono Honor Society by the North Carolina Pro Bono Resource Center (PBRC). Society members reported providing 50 or more hours of pro

Currently, the FDIC has a limited ability to claw back executive compensation in the event of a bank failure. An unlikely combination of U.S. Senators, including Elizabeth Warren (D-MA), Josh Hawley (R-MO), and J.D. Vance (R-OH) are teaming up to propose new legislation that would change this. Warre

By the beginning of May, almost 800 lawsuits had been filed in the United States related to the COVID-19 pandemic. Although the United States Congress and state legislatures are rushing to enact measures to protect businesses from liability as operating restrictions are lifting, it is unlikely that

ATLANTA – OUT Georgia Business Alliance recently named Nelson Mullins Riley & Scarborough LLP as a finalist for its 2020 Community Honors in the category of Corporate LGBTQ+ Ally of the Year.OUT Georgia nominated the firm as a “corporate partner or member that has shown exemplary support to the LGBT

Richard Levin, chair of Nelson Mullins’s FinTech and Regulation Practice, and Nashville of counsel Kevin Tran have contributed a chapter to the Third Edition of FinTech Laws and Regulations. The chapter, "The Regulation of Non-Fungible Tokens in the United States," is the first comprehensi

Under the SECURE 2.0 Act (Division T of the Consolidated Appropriations Act, 2023), employers that maintain 401(k) plans that permit catch-up contributions will be required to mandate that certain employees who earned more than $145,000 in the prior calendar year from the employer sponsoring the pla

The metaverse, a colloquial term for a network of immersive 3D virtual worlds; and Web3, a new iteration of the internet that includes virtual reality, augmented reality, mixed reality, cryptocurrencies, non-fungible tokens, and more, are evolving to become another Wild West technology frontier wher

The federal banking agencies recently issued principles to encourage financial institutions to offer small-dollar loans in a responsible manner (the “Small-Dollar Loan Principles”). This interagency guidance clarifies previously conflicting guidance on small-dollar loans by adopting uniform principl

Nelson Mullins’ FinTech and Regulation Practice has been recognized by the International Financial Law Review (IFLR) as a leading digital finance practice in the Americas. The following members of the Nelson Mullins FinTech and Regulation Practice were recognized: Katie Baker, Lori Anne Czepiel, Chr

In the wake of the LUNA-UST collapse in which the value of UST and LUNA crashed over 99 percent over a period of days due price manipulation of the algorithmic stablecoin, the Federal Reserve and other regulators have become increasingly vocal about the potential risks of some stablecoins. New York

Nelson Mullins senior associate Jeffrey Kelly will be speaking at North Carolina Central University's (NCCU) upcoming Technology Law and Policy Center Inaugural Law and Technology Summit. The hybrid event will be held on the NCCU campus and virtually. The summit aims to bring together some of th

Nelson Mullins attorneys Jon Talcott, Mike Bradshaw, Peter Strand, Gary Brown and Kaylen Loflin, with assistance from Wells Hall and Drew Hermiller, represented the underwriters, led by B. Riley Securities and Needham & Company as joint book-running managers, in a $40 million initial public offering

Consumers use cell phone numbers to authenticate their identities across a variety of accounts, such as those held with wireless providers, financial institutions, healthcare providers, and retail websites. One common example is when a provider sends an SMS (text) message to your phone to verify you

Richard B. Levin, the chair of Nelson Mullins' FinTech and Regulation Practice was recently quoted in a Wall Street Journal article regarding Diem (originally known as Libra), a digital currency project launched by Facebook, PayPal, and other leading financial services firms - Facebook Inc. - Ba

Nelson Mullins’ Atlanta office attorneys and staff dedicated their time to serve residents in the community through food distribution held at the Sara J. González Memorial Park on March 2. The park was built to commemorate the legacy of Sara J. González and to honor Atlanta’s diverse communities, wh

“Build it or buy it?” The question is not just for home buyers — it also applies to those seeking to start a bank.There are two well-established ways to start a bank and, at any given time over the past 40 years, it has usually been clear which approach made more sense.In the 1990s, high regulatory

COLUMBIA, S.C. – Chambers & Partners has shortlisted Nelson Mullins Riley & Scarborough LLP’s M&A Externship Program for its Chambers Diversity & Inclusion Awards USA 2019, which celebrate firms and individuals who are furthering the advancement of diversity and inclusion in the United States.Winner

NOTE: The information contained in the following alert is up-to-date as of March 15, 2023. News and events are evolving, so check the websites for the FDIC and the applicable banks for updates and announcements.Start-up, emerging, middle market and other companies and their founders, executives, and

CHARLESTON, S.C. — Nelson Mullins Riley & Scarborough LLP Charleston Office Managing Partner John C. McElwaine has been recognized in the 2023 edition of World Trademark Review 1000 (WTR).McElwaine is ranked in WTR1000 both nationally for trademark enforcement and litigation and in the D.C. Metro Ar

On April 21, 2020, the Senate approved a $484 billion COVID-19 relief package to supplement the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) – the Paycheck Protection Program and Health Care Enhancement Act (the Act). The Act is intended to provide further relief for small business

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