International law firm hit by email scam
International firm Kennedys has been the target of an email scam which could result in recipients’ computers being infected by malicious software.
The emails, which appear to come from firstname.lastname@example.org from a user named Philip Harris refer to a parking offence and include a link for recipients to click, which may install malware on the user’s machine.
The law firm says that its email server uses the verification standard SPF and that recipients, which could include other law firms, should delete any suspicious mail from the firm. Those firms that support SPF and have received an email appearing to come from the email@example.com after 10th January 2017 should delete it.
New challenges for CLO market says global firm
The collateral loan obligation (CLO) market could see significant evolution in 2017 according to a report from global law firm Cadwallader.
The firm, which advised on a sizeable proportion of global CLO transactions in 2016, says that new US risk retention rules now effective and new rules imminent in Europe will create new challenges for those in the space.
“I think it’s fair to say that the market is in the process of evolving to meet the requirements of new and proposed rules,” said Cadwalader partner David Gingold in New York.
Gingold says that fewer managers are likely to operate in the CLO space as a result of the new rules.
Antitrust lawsuit against Apple’s App store revived
A lawsuit brought by a group of iPhone users has been given the go-ahead by the US appeal court.
The suit claims that Apple monopolizes the app market, leading to higher prices, Reuters reports. The original suit was filed in 2012 with Apple’s defence saying that the company only provides a facility for app developers to sell their products.
However, the court ruling last week says that users can sue Apple as they are the product vendors.
Lawyer Mark C. Rifkin of Wolf Haldenstein Adler Freeman & Herz, who is representing the iPhone users says that it could lead to iOS apps being available in alternative online stores.