Orrick, Herrington & Sutcliffe LLP

For the first time, a federal court has held that senior executives at a large public company can be personally liable for consumer protection violations. The FTC v. Amazon ruling resulted in a record-breaking $2.5 billion settlement and signals a major shift in how regulators are approaching enforcement.   "In an era of expanded regulatory authority and judicial willingness to hold individuals accountable, the corporate veil may provide less protection than many have assumed,” write Orrick partners Sasha Leonhardt and Bradley Marcus in Law360.   Read our analysis of the case, including what C-suite leaders and general counsel need to know about this new liability landscape. https://bit.ly/43qlbSn   #ConsumerProtection #ExecutiveLiability #FTC

The CCPA recently issued its largest administrative fine to date, highlighting the growing focus on opt-out compliance, privacy notice disclosures, and contract requirements for vendors and advertising partners. Are your privacy notices and opt-outs compliant? https://bit.ly/4oaEoQn Shannon Yavorsky | Tori Downey #Data #Privacy #CCPA

Congratulations to our client EDP Renewables on their partnership with Ares Management Corporation on their $2.9 billion U.S. energy portfolio. The transaction includes 1,632 MW of solar, wind and storage assets across four U.S. power markets. Read more: https://lnkd.in/eQBcCfWT Amy Padgett | Bradford Gathright | Wolf Pohl | Bart Kempf | Robert Loeb | Harry Clark | Tom Kidera | Craig Falls | Lauren Buehler | Danielle Mangogna | Zachary Huey | Chelsea Munoz-Patchen | Rebekah Gryder | Michael Vance | Cacique R. | Andres Vega | Gavin McGimpsey #Renewables #Power

We’re excited to bring together the energy innovation community once again during VERGE in San Jose with a networking reception on October 28th. If you’re interested in joining us for an evening of meaningful connections and conversation, please reach out to nyankellow@orrick.com for more information. Teresa Hill | Kristin Seeger | Louise Gibbons | Yael Li-Ran Perl | Lana Le Hir | Rohit Sachdev | Patrick Ferguson #VERGE2025 #ClimateTech #Sustainability #Networking #Orrick

A new $64.3 million renewable energy project in Senegal can serve as a blueprint for future projects in Africa. Financed entirely in CFA francs by an all-African lender consortium, the Teranga Niakhar project highlights the growing capacity for African institutions to structure, finance and execute complex infrastructure projects. Orrick’s energy and infrastructure partner Hugues MARTIN-SISTERON spoke with IJGlobal about the project’s innovative financing architecture. Read the article (subscription required): https://bit.ly/4olVeeM

Excited to welcome Akira Takahashi to our Energy & Infrastructure team in Tokyo. Akira will collaborate with our Tokyo and Singapore teams to support our growing practice advising Japanese export credit and insurance agencies, development banks, trading houses and other commercial lending institutions in their investments in Singapore and across Southeast Asia. Akira is our 15th E&I partner hire this year. https://bit.ly/47rILR1

We’re looking forward to connecting with clients and other industry leaders at ABS East, the premier event for the structured finance industry. Join us in Miami for three days of industry insights, deal-making, and networking with thousands of investors and issuers. Gregg Jubin will speak on the panel “Tranche Warfare: CLO Debt vs. Equity,” covering liquidity, structural protections, and cash flow dynamics, as well as how resets and refi’s, NAIC treatment, capital charges and market volatility shape demand across tranches. Catch Gregg on October 20th from 11:30am to 12:15pm. Orion Mountainspring will speak on the panel “Tokenized Securitization – Pipe Dream of 2026 Reality,” exploring what it will take for tokenization to scale in structured finance and deliver faster execution, wider distribution, and improved transparency. Orion’s panel is October 22nd from 11:15am to 12:00pm. https://bit.ly/3WbHR50 Orion Mountainspring | Gregg Jubin #ABSEast #StructuredFinance #DealFlow 

Orrick Paris Tax Team recognized in ITR World Tax rankings Congratulations to Orrick Tax partner Jessie Gaston and Paris partner and Head of Tax Laurent Olléon for being recognized in the ITR World Tax rankings 2025/2026. Jessie has been named as “Highly Regarded” and a “Women in Tax Leader" for Transactional Tax, and Laurent as “Highly Regarded” for both General Corporate Tax and Tax Controversy. Orrick is ranked Tier 2 for Tax Controversy and Tier 3 for General Corporate Tax and Transaction Tax. ITR produces the most comprehensive analysis of law firms’ tax practices and work in the world. https://lnkd.in/gEKZfHJY   #itrworldtax #taxlaw #womenintax #TeamOrrick

How will the new federal stablecoin framework shape what banks and issuers do next? In our latest RegFi episode, Georgia State law professor Todd Phillips unpacks the GENIUS Act’s implications for stablecoin yield, BSA/AML expectations and secondary-market transfers — and why tokenized deposits may offer a cleaner path than bank-issued stablecoins. The conversation also digs into OCC supervision (MRAs vs. enforcement, reputational risk, ombuds processes) and what state experiments like Wyoming’s state-issued token mean in a federal regime. Listen here: https://bit.ly/4hdF6cZ Jeremiah Buckley | Caroline Stapleton #RegFiPodcast #Stablecoins #Fintech #BankingRegulation #OCC

Has AI enforcement risk materialized in the U.S.? Yes. As Orrick data partner Nicholas Farnsworth noted at IAPP’s recent AI Governance conference: The flurry of state law enactment and recent enforcement activity “raises the bar everywhere.” Nick led a discussion with state AG representatives Jared Rinehimer and Tyler Bridegan exploring how they’re navigating the emerging patchwork of over 160 AI-specific state laws – and how state cooperation is increasing. Read more about their discussion in The Cybersecurity Law Report: https://bit.ly/4n8C5vM #IAPP #AIGG25 #AI