Eleven law firms have expertly managed to pull in a large amount of business as banking clients’ go-to firms while also garnering a high number of unprompted recommendations from those clients, two components that combine to form the ideal client relationship, according to a new report.
Neither Goldman Sachs Group nor a former coder has the upper hand for now in a court battle over the once-jailed employee’s demand for millions in company-paid, corporate officer legal fees, a Delaware vice chancellor said during post-trial arguments late Tuesday.
A Connecticut federal judge has ruled that Navigators Insurance Co. doesn't have to cover a bank's $4.8 million loss from an ATM operator's fraudulent scheme, holding that Navigators properly revoked a series of insurance policies due to misrepresentations that the ATM company made on the policy applications.
Some law firms have perfected the art of pleasing general counsels, a skill that wins them the love of clients and allows them to score new cases and deals. Here, we look at a new report that delves into the intricacies of making clients happy.
A New York federal jury on Monday determined that Emigrant Savings Bank discriminated against minority homeowners by targeting them for high-cost loans that the bank knew they were likely to default on, and found the bank liable for $950,000 in damages.
Some law firms have honed their ability to serve clients so well that their relationships with general counsels have entered a sort of utopian existence where they earn glowing recommendations from clients and consistently win work. Here, find out which 24 firms have reached a state of “clientopia,” according to a new report by BTI Consulting Group.
A pair of Senate Democrats on Tuesday asked Green Dot Corp., Wal-Mart and MasterCard for information about a technical glitch that prevented Wal-Mart-branded prepaid card users from accessing their accounts for as many as three days last month.
Prosecutors urged a New York federal judge on Monday to hand down a multiyear sentence for a former fuel oil company executive who pled guilty to a $30 million bank fraud and reject his attempt to explain away the bank's losses.
The U.S. Securities and Exchange Commission on Tuesday proposed a new rule that would require investment advisers to adopt written business continuity and transition plans, saying advisers need to be able to address significant disruptions like a cyberattack or bankruptcy while minimizing investor harm.
Thompson Coburn LLP scored a major new hire this week, announcing on Tuesday that the prosecutor who led the U.S. Department of Justice to victory in a first-of-its-kind spoofing case has joined the firm’s business litigation practice in Chicago.
General Electric Co. said Monday that it plans to sell most of its U.S. restaurant loan portfolio, continuing a divestiture program tasked with trimming down the industrial giant's financial arm and refocusing the company on its industrial assets.
Student loan complaints have significantly increased since a year ago, the Consumer Financial Protection Bureau said Tuesday in its monthly report, thought it noted that reported issues regarding these loans have recently been trending downward.
The U.K. government must ensure that it secures the ability of British lawyers to continue to practice across the European Union once Britain leaves the EU, the legal industry’s top representative told lawmakers on Tuesday.
Jurors deliberating over five former Barclays traders accused of manipulating the London Interbank Offered Rate have reached an undisclosed verdict on three of the defendants and are working on a verdict for a fourth, they told the court in in a note Tuesday.
An affiliate of REIT Host Hotels has reportedly sold a Seattle Marriott for roughly $91.1 million, while a Lightstone Group affiliate is said to have picked up three Florida retail buildings for $29 million, and Ashkenazy Acquisition has reportedly bought a New York hotel from a Lehman Brothers-affiliated trust for more than $140 million.
The Second Circuit ruled Monday to allow former S&P executive Barbara Duka and private equity magnate Lynn Tilton to band together in a bid to revive their deferred appeals challenging the validity of the U.S. Securities and Exchange Commission's in-house tribunals.
The U.S. Supreme Court on Tuesday agreed to hear a petition from Bank of America and Wells Fargo seeking to overturn a lower court decision allowing the city of Miami to bring fair housing claims against them.
Pressure has mounted on the U.K. to formally trigger its exit from the European Union, after the European Parliament voted Tuesday to accept the U.K.'s decision following a highly charged debate.
The U.S. Supreme Court on Tuesday agreed to hear a case that could determine whether plaintiffs can sue Fannie Mae in state courts in addition to federal courts.
The U.S. Supreme Court will hear an appeal by Visa, MasterCard and banks such as Bank of America over the D.C. Circuit’s decision to revive a putative class action over an alleged conspiracy to stifle competition and inflate ATM fees, the high court said Tuesday.
The U.S. Supreme Court's decision in City of Miami v. Bank of America and Wells Fargo could define the reach of mortgage discrimination lawsuits under the Fair Housing Act and will be a key case to watch in the 2016 term. The case also provides the court an opportunity to reconsider its prior line of FHA-standing cases, says Mark Rooney of BuckleySandler LLP.
The Financial Choice Act, recently proposed by the Republican chairman of the House Financial Services Committee, addresses specific provisions of the Dodd-Frank Act that are widely viewed as controversial, many of which have bipartisan support for reform, say attorneys with K&L Gates LLP.
A recent World Bank report enhances the public’s and practitioners’ understanding of the World Bank’s sanctions process and suggests that the bank may be increasingly interested in settling sanctions cases, say Dave Nadler and Adam Proujansky of Blank Rome LLP.
The U.S. Supreme Court’s refusal to hear Madden v. Midland Funding will cause nonbank assignees to avoid purchasing certain loans made in the three states affected by the Second Circuit. But by denying certiorari, the Supreme Court has localized the damage caused, say Brian Korn and Richard Gottlieb of Manatt Phelps & Phillips LLP.
Despite regular news stories detailing the need to update our digital privacy laws and increase our cybersecurity protections, law firms and in-house legal departments should feel confident that utilizing cloud providers with strong privacy and security protections will not breach their ethical obligation to clients, says Bradley Shear of the Law Office of Bradley S. Shear LLC.
With all eyes on the U.S. Supreme Court, litigation lawyers may have glanced quickly at important cases coming from the lower courts and providing guidelines on confidentiality orders, picking off plaintiffs, the treatment of buried disclosure in securities litigation, and antitrust pleadings, says Fred Isquith of Wolf Haldenstein Adler Freeman & Herz LLP.
Tucked away in a seemingly innocuous paragraph in a complaint against payment processor Intercept Corp., the Consumer Financial Protection Bureau has asserted an extraordinary and potentially far-reaching expansion of its authority under the Consumer Financial Protection Act, say Leonard Chanin and Oliver Ireland of Morrison & Foerster LLP.
Although the Senate has shown during the past year and a half of Republican control that it can indeed be an effective, functioning body, after several years of total dysfunction, the fight over Zika funding reveals that dysfunction is never far from the surface, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.
What is most interesting about the U.S. Securities and Exchange Commission enforcement action against Morgan Stanley for cybersecurity lapses is that Morgan Stanley’s conduct was exemplary — the firm did everything right, says John Reed Stark, former internet enforcement chief at the SEC.
It’s important to first decide what your personal brand is. Are you a crusader? A wry observer? A compassionate witness? Your social media presence doesn’t have to reflect the deepest aspects of your identity — it’s merely an image that you project, says Monica Zent, founder and CEO of Foxwordy Inc.