Partner Joe Jacquot was quoted in a Law360 article, “Dem AG Gains May Spur State Financial Services Action,” about the possibility that the midterm election results might precipitate an increase in state enforcement actions against banks and other financial services firms.
Jacquot said that compared to the last few election cycles, the Nov. 6 election marked a resurgence on the Democratic attorney general side. “I think those AGs – not only the ones that won in significant states, like Michigan, Wisconsin and Nevada, but also as a whole – feel a new motivation, and I think you’re going to see them press that in enforcement actions,” he said.
The vast majority of those elections were run against Trump and his policies, Jacquot noted. “When you run a campaign on those issues, particularly as a first-time candidate for this office, and you’re elected, there’s not only an obligation but also a motivation to make good on those promises,” he said.
Jacquot said that compared to the last few election cycles, the Nov. 6 election marked a resurgence on the Democratic attorney general side. “I think those AGs – not only the ones that won in significant states, like Michigan, Wisconsin and Nevada, but also as a whole – feel a new motivation, and I think you’re going to see them press that in enforcement actions,” he said.
The vast majority of those elections were run against Trump and his policies, Jacquot noted. “When you run a campaign on those issues, particularly as a first-time candidate for this office, and you’re elected, there’s not only an obligation but also a motivation to make good on those promises,” he said.
Related News
July 24, 2025
In the News
Foley's Trial Team Featured Following Landmark Victory in Texas Trade Secret Case
Foley & Lardner LLP’s recent landmark appellate victory in a Texas trade secrets case is featured in the Texas Lawyer article, "Ruling Sets Precedent for Employment, Trade Secrets, Fiduciary Duty."
July 24, 2025
In the News
Gregory Husisian and David Simon on Tariff Evasion – 'Huge money at stake'
Foley & Lardner LLP partners Gregory Husisian and David Simon detailed the rise and risks of tariff evasion in the POLITICO article, "As Trump raises tariffs, companies find ways to cheat — and risk getting caught."
July 23, 2025
In the News
Aaron Maguregui on AI Scribes in Health Care – 'Technically, it's a third party listening'
Foley & Lardner LLP partner Aaron Maguregui shared insights on the growing applications for artificial intelligence across health care in the healthleaders article, “Is Your AI Scribe HIPAA-Compliant?“