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The firm’s fiduciary governance practice will focus on providing counsel to banks, broker-dealers, investment advisors and mutual fund directors as they deal with an industry covered by a mishmash of regulations and standards in the wake of the U.S. Court of Appeals for the Fifth Circuit’s March decision to overturn the Department of Labor’s (DOL) fiduciary rule. Lawrence Stadulis and George Gerstein will co-chair the group out of the firm’s Washington, D.C. office. In a memo to clients the duo said they would closely track the reactions of state-level legislatures

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A former VSL Pharmaceuticals Inc. executive was sanctioned for destroying documents that he retrieved from the company’s law firm before resigning, in a ruling by a federal magistrate judge Mar. 16. VSL and its former CEO Claudio De Simone have filed various claims against each other in a dispute over the ownership and use of intellectual property related to a probiotic medical food. De Simone, who patented the formulation, stepped down as VSL’s CEO in 2014. De Simone must pay VSL’s costs and attorneys’ fees associated with investigating the

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