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 11, 2025
In the News
Foley Attorneys Assess Critical IP Considerations for Emerging Medical Device Companies
Foley & Lardner LLP attorneys Shabbi Khan, Nate Beaver, Austin Kim, and Jeff Simon authored the Med Device Online article, "Critical Considerations For IP & Patents For Emerging Medical Device Companies."
July 11, 2025
In the News
David Morris Featured for Arrival to Foley's Salt Lake City Office
Foley & Lardner LLP partner David Morris is highlighted across legal press for his recent arrival to the firm.
July 10, 2025
In the News
Ann Marie Uetz Comments on Automotive Supply Chain Approach to Evolving Tariff Environment
Foley & Lardner LLP partner Ann Marie Uetz shared perspective from the automotive supply chain amid the evolving trade environment in the Crain's Detroit article, "Ford, Stellantis tighten terms on suppliers as tariff costs add up."