Banking Archive » February, 2021

Banking - February, 2021

265 articles

• Wells Fargo Inks $95M Deal To End Consultants' Wage Claims
• Fidelity Nabs Bench Trial Win Over $100M Stock Sale
• SoftBank Settles WeWork Suits Over Failed $3B Tender Offer
• Federal Judge Says Kansas Surcharge Ban Is Unconstitutional
• Judge Grants Gov't Bid To Drop Manafort Forfeiture Case
• CFPB Can't Shake Challenge To Financial Law Taskforce
• Buyers' Claims Clipped In Boeing 737 Max Contract Suit
• What Biden's Ethics Pledge Means For Gov't Revolving Door
• UK Litigation Roundup: Here's What You Missed In London
• IPOs Still A Hot Ticket As Post-Pandemic 'Normalcy' Beckons
• Wilmington Trust Beats $19.5M Beneficiary Suit After Trial
• Investor Settlements Held Steady In 2020 Despite Pandemic
• Goldman Investors Urge High Court Not To Undo Class Cert.
• GPB Capital Sues Bank To Get Back Virus Relief, Loan Money
• Fenwick-Led Crypto Exchange Coinbase Files Direct Listing
• Navient's Forced Ch. 11 Tossed Over Petitioner Claim Issue
• 'Reverse' Veil Piercing Floated In Chancery Appraisal Suit
• Ex-Suniva Owner On Hook For $26M From Loan Guaranty
• DOJ Subpoenas Fintech Co. In Antitrust Employment Probe
• Punishing Bar Exam Policies On Menstrual Products Must Go
• House Passes LGBTQ Rights Bill Over GOP Religious Fears
• IHS Markit Investors Want To Check Math On $44B S&P Merger
• Insurers Escape Coverage For $6M Phishing Suit
• Caplin Withdraws As Lead Counsel In $2.1B Danish Tax Row
• Manhattan DA Gets Trump Tax Docs In Criminal Probe
• Banks Can Argue Funds Passed On UK Forex Rigging Losses
• SEC To Drill Down On Cos.' Climate-Related Risk Disclosures
• House OKs Bill Requiring Puerto Rico Conflicts Disclosure
• Ex-Goldman Sachs Atty Must Arbitrate Retaliation Claims
• Credit Firm Moves To Block Investor's Merger With Rival
• Speedy Trial Rule Nixes Pot Bank Fraud Case, Court Told
• Fed Chief Backs Congressional Fix On Legacy Libor Contracts
• SEC Sets Early Record For Whistleblower Awards In FY 2021
• Last Defendant In $7B Stanford Ponzi Gets Max Sentence
• Transaction Toolkit For A More Litigious M&A Environment
• Takeaways From DOJ Fraud Section's Pandemic Year
• Financial Institutions Must Prepare For Climate Regulations
• Congress' Expansion Of SEC Disgorgement Was Irresponsible
• It's Time For Law Firms To Start Loving And Leveraging Data
• Trial Of Brooklyn Judge Pushed Back Again Amid Pandemic
• CFPB Will Seek Compliance Delay On Qualified Mortgage Rule
• Citigroup Sued Over Illinois Superfund Site
• SEC Bars Ex-KPMG Auditors Over College's Tax Problem
• FinCEN Head Says Data Security Key To New Reporting Plan
• Biden Pick For Treasury Deputy Vows Focus On Virus Relief
• Fed's Powell Says Looking Into Digital Dollar Is 'High Priority'
• Ex-Ill. Senator Pleads Not Guilty To Misusing Campaign Funds
• Keys To Protecting Clients During Law Firm Dissolution
• Bitfinex And Tether Settle NY Probe With $18.5M Fine And Ban
• GTCR, Reverence Capital Ink $2B Deal For Wells Fargo Unit
• Expectations For CFPB's Fair Lending Agenda Under Biden
• US, PetroSaudi Tussle Over Fate Of $330M 1MDB Funds
• Virtual Meetings Creating New Compliance Gap, Report Warns
• Ex-Goldman Banker Can't Overturn £7.3M Confiscation Order
• US Faces 2nd Arbitration Over PrivatBank Loan Scheme
• PwC, Citi, Goldman Sachs Dodge Startup Stock-Drop Suit
• Visa Says IPOs Doom Retailers' Swipe Fee Suits
• FINRA Official Urges 'Holistic' Approach To Trading Oversight
• TD Bank Wants To Shutter Suit Over Account Openings, Fees
• What CFTC Reporting Changes Mean For Pool Operators
• Intuit Accuses Visa, MasterCard Of Fixing Merchant Fees
• Real Estate Rumors: Citi, Civic Builders, EastBanc
• How Case Management Orders Can Support New Attorneys
• Blank Rome Nabs LA Finance Partner From Buchalter
• CFPB, State AGs Sue Over Alleged Immigration Bond Scam
• Barclays Escapes UK Municipalities' Libor Loan Suits
• Sullivan & Cromwell, Simpson Thacher Rep $7.6B Bank Deal
• Justices Deny Trump Bid To Halt Vance Subpoena
• Cancel $50K Of Student Debt Per Borrower, Dem. AGs Urge
• Ex-Eaze CEO Cops To Fraud In Marijuana Payments Case
• 9th Circ. Says MoneyLion Arbitration Agreement Is Valid
• Fed Rule Extends Payment Protections To Swap Dealers
• NY High Court Resolves Foreclosure Timeliness Issues
• Companies Beef Up Risk Disclosures As Biden Era Begins
• Citi's Loss Over $500M 'Blunder' Won't Be Easy To Shake
• Compliance Vet To Guide Black, Latinx-Focused Banking Co.
• MicroStrategy Raises $1B In Upsized Offering To Buy Bitcoin
• Lenders Must Watch Nursing Home COVID-19 Litigation
• An In-House Counsel's Guide To Better Work Management
• UK Litigation Roundup: Here's What You Missed In London
• Huawei CFO Loses Bid For HSBC Records In Extradition Fight
• NJ Insurance Exec Pleads Guilty To First State Bank Fraud
• Congress Hits Robinhood Hard In 1st GameStop Hearing
• Huawei Argues For More Information In Sanctions Case
• Verisk Analytics Taps Chase Bank GC For Top Legal Post
• Coronavirus Litigation: The Week In Review
• LPL Financial Gets $1.6M FINRA Arbitration Award Confirmed
• Pot Regulators Send Congress Their Reform Wish List
• OFAC Fines Crypto Processor Over Sanctions Violations
• The Best Ways To Respond To Enforcement From SEC, CFTC
• Trader Can Be Extradited In Ex-Goldman Banker Fraud Case
• Real Estate Rumors: Country Wide, Bank Leumi, Related
• Simmons Bank Hit With FLSA Suit Over Unpaid Pre-Shift Work
• Navient Calls For Dismissal Of 'Unsupported' Ch. 11 Filing
• Democrats Launch Fresh Push To Expand LGBTQ Rights
• Ex-SEC Chairman Jay Clayton Returns To Sullivan & Cromwell
• Avoiding Materially Adverse Conflicts After New ABA Opinion
• What To Expect When Reddit And Robinhood Face Congress
• N. Korean Programmers Charged With Global Cyberattacks
• Goldman, JP Morgan Prevail Over Aluminum Antitrust Claims
• Yodlee Must Still Face Consumers' Privacy Suit
• Ex-CFTC Official Joins Jones Day As Partner
• Sportsbooks Could Use Derivatives Market, But Is It Betting?
• $2.4M Raydon ERISA Settlement Comes Up Short
• Mastercard Unveils Card Linked To Bahamas' Digital Currency
• Coinbase Appoints New CCO As It Prepares To Go Public
• A Revived Disparate Impact Doctrine Under Biden's CFPB
• SEC Sues Morningstar Over 'Adjustments' In CMBS Ratings
• PG&E Investors Land $10M Deal In Suit Over Power Outages
• NY Regulator Warns Of 'Widespread' Data Breach Campaign
• BNP Paribas Can't Shed Sudan Refugees' Sanctions Suit
• CFPB's Acting Chief Launches Atty Hiring Campaign
• Investors Granted $26.5M In Damages In EB-5 Fraud Suit
• 10th Circ. Says Cobra Golf Founder's Account Safe From Ch. 7
• Banking Tech Biz Personetics Nabs $75M From Warburg
• Accused PPP Fraudster Says Vaccine Hurdles Could Bias Jury
• 2 Ways Insurance Regulation Will Change Under Biden Admin.
• It's Time To Ramp Up Punishment For Wall Street Wrongdoers
• US Legal System Can Benefit From Nonlawyer Ownership
• Asset Manager Considerations After SEC's Pricing Data Case
• What DOJ's 1st PPP Fraud Settlement Can Teach Borrowers
• Calif. Woman Allegedly Impersonated Attys, Defrauded PPP
• Real Estate Rumors: Caulder, Société Générale, Lennar
• Ex-Treasury Senior Adviser Joins Cravath From Rival Firm
• MicroStrategy Plans $600M Bitcoin Buy Amid Record Surge
• USAA, Wells Fargo Reach Settlement In $300M Patent Case
• Citi Can't Recover Funds Sent In $900M Revlon Loan 'Blunder'
• 7 False Claims Act Enforcement Trends To Watch
• AmEx Discloses Federal Probes Into Card Sales Practices
• Chase Settles Federal Housing Program Whistleblower Suit
• Synchrony Spared From CFPB Case Over Promo Credit Offers
• Va. Consumers Seek Class Cert. In Payday Lending Suit
• Feds Plan To Charge Ex-CEO In Marijuana Bank Fraud Case
• Fulton Bank To Pay $1 Million To Settle Wage And Hour Suit
• Davis Polk, White & Case Steer SPAC Union For $2.4B Fintech
• Credit Suisse Pays $600M To Settle Toxic RMBS Case
• Hong Kong Bank Sued Over Scammer's $5.7M Wire Transfers
• Key Deliverables For SPAC Parties Amid Growth Trend
• UK Litigation Roundup: Here's What You Missed In London
• Managing Dueling Agendas In Banking Regulation
• Battle Over 'Lehman Brothers' Whiskey Heads To Fed. Circ.
• Huawei Exec Seeks HSBC Docs In UK To Fight US Extradition
• Huawei Says Feds Are Withholding Exculpatory Evidence
• SEC Draws 'Critical' Line Between Settlements And Waivers
• Support Grows For Fired Worker In 6th Circ. Age Bias Case
• Firms See Tech As Key To Anti-Money Laundering Compliance
• SEC's 'Boilerplate' Deal With Ex-State Street Exec Irks Judge
• Bank Of The West VP Says Paternity Leave Bias Forced Exit
• Fla. Man Admits To Buying Lamborghini With PPP Funds
• Building A Law Firm Knowledge Bank For Thought Leadership
• What The Biden Presidency Means For Class Actions
• Next SDNY White Collar Trial Before, You Guessed It, Rakoff
• 3rd Circ. Won't Revive Challenge To WaMu Ch. 11 Deal
• CFPB Probing Toyota Unit's Credit Reporting Policies
• PNC Ducks Suit Over Alleged Role In $75M Ponzi Scheme
• Failed Bank's Execs, Atty Fight Fraud Convictions At 9th Circ.
• EEOC Urges 6th Circ. To Rethink Tossing Age Bias Suit
• Latest OCC Crypto Bank Approval Hints At Post-Trump Future
• Atlanta Firm To Pay FINRA Fine Over Fund-Switching Lapses
• Cos. Should Keep A Close Watch On SIGPR Enforcement
• Let's Emerge From The Pandemic As Legal Innovators
• NY Senate OKs Bill Tolling Statutes Of Limitations On Trump
• What New Corporate Disclosures Mean For Real Estate
• Holland & Knight Adds Ex-DLA Piper Finance Partner
• Cos. Seek To Exit NYPD Off-Duty Pay Fight
• Mortgage Servicer, Software Co. Settle Data 'Hostage' Standoff
• Chancery Suit Over Busted $1.5B Amex Deal Settled
• Nasdaq, NYSE Challenge New SEC Stock Price Data Rules
• Duff & Phelps, EisnerAmper Aided $789M Ponzi, Investors Say
• SEC Enforcement Gets Obama-Era Investigative Power Back
• NY Regulator Encourages Banks To Fund Climate Resilience
• Student Loan Borrowers Press For Navient Bankruptcy
• Ex-HSBC Banker Can't Skip Prison, But Wins Vaccine Delay
• SEC Wants Clearer Risk Disclosures Amid Market Volatility
• A Road Map For US Involvement In Europe's Cum-Ex Probe
• Anticipating Predictive Analytics' Potential Uses In Litigation
• How CFPB Earned Wage Access Order Benefits Fintech Cos.
• German Police Search For New Zealander Tax Fraud Suspect
• Robinhood Sued Over 20-Year-Old Trader's Suicide
• US Must Arbitrate Suit Over Ukraine Bank Fraud, Court Hears
• 2nd Circ. Affirms Dismissal Of PayPal Negligence Suit
• Investment Co. Claims Fund Is Trying To Extort Weed Shares
• Chubb Beats Target's Data Hack Coverage Bid
• Bumble Upsizes IPO As More Companies Join Pipeline
• Tesla Buys $1.5B Of Bitcoin As Musk Touts Meme Crypto
• Fed. Circ. Won't Let PTAB Save Loyalty Program Patent
• Wells Fargo To Pay $2M To Settle Wage And Hour Class Action
• Citibank Cuts $4.2M Deal Over Card Interest Overcharges
• DA's Manafort Appeal Won't Get NY High Court Review
• This Black History Month, Law Firms Should Challenge Norms
• EB-5 Investors Settle Claims PNC, Ex-Banker Aided Fraud
• Banks Slam Eagle Hospitality Cost, Schedule In Del. Ch. 11
• Morgan Lewis Picks Up Former Sidley Partner In Chicago
• 2 Firms Guide Blank-Check Co.'s $1B Tripled Offering Plans
• Payday Lending May Face Greater CFPB Scrutiny Under Biden
• What Energy Sector Should Expect From Biden's Tax Policies
• Calif. EB-5 Project Failed, Stiffed Chinese Investors, Suit Says
• Financial Services Co. Boss Gets 2 Years For $4.4M Fraud
• Fifth Third Says Real Estate Borrowers Owe $3M
• Debt Markets Off To Strong Start In 2021 As Cos. Seek Cash
• OCC Greenlights Second Crypto Custodian As National Bank
• CFPB Urges Denial Of Delay In Navient Loan Servicing Suit
• PayPal Says CFPB Investigating Venmo's Collection Practices
• NYDFS Calls For Nonbank Community Lending Requirements
• Congress Should Make TCJA Income Definition Permanent
• PCAOB Enforcement Scorecard Informs On Future Priorities
• Judges On Race
• Gibson Dunn Forms US-UK Enviro Social Governance Group
• Law Firm Penalties On Departing Partners Just Got Riskier
• Cohen Ziffer Adds Ex-Hoguet Partner To Insurance Practice
• UK Litigation Roundup: Here's What You Missed In London
• Luckin Coffee Seeks Ch. 15 Protection In New York
• Mortgage Servicer Says Software Co. Held Its Data 'Hostage'
• CFPB Acting Chief Hints At QM, Debt Collection Rule Delay
• BofA Client Says Ex-Worker Tricked Her To Steal Nude Pics
• Biden Pulls Trump Picks For 1st Circ., Other Courts, Agencies
• Coronavirus Litigation: The Week In Review
• NY Regulator Wants Insurers To Clamp Down On Cyber Risk
• SEC Seeks Comments On Money Market Fund Reform
• Illiquid Asset Valuation Presents Unique Risks Amid Pandemic
• 7 Takeaways From Recent Del. Statutory Appraisal Litigation
• 5th Circ. Affirms Stanford Ponzi Investors Can't Intervene
• NJ Case Has Lessons On Arbitration Clauses In Atty Retainers
• Huntington, TCF Offering Fix For $22B Merger Deal
• Mall Owner CBL Says It Didn't Default On Wells Fargo Loans
• FINRA Warns Of Potential China-Linked Trading Schemes
• Ex-Illinois Senator Indicted For Misuse of Campaign Funds
• Ex-Wells Fargo Worker's $400K Punitive Damages Win Nixed
• SourceHOV Creditors Seek Injunction Over Stripped Assets
• Securities Filings Drop In 2020 With Fewer M&A, State Suits
• Calif. Regulator Goes After Student Debt-Relief Co. In 1st Case
• Fifth Third Bank Reaches $5.2M Deal In ATM Fees Suit
• TCF Sued Over Planned $22B Merger With Huntington
• Project Finance Will Be Key To Developing Hydrogen Market
• Top Sen. Banking Republican Seeks Capital Markets Bill Ideas
• Santander Biased Against Working Mothers, Suit Says
• Tips For Protecting Privilege When Working With Outside PR
• FINRA Should Limit Brokerages' Post-Arbitration Appeals
• K&L Gates Nabs 18 Partners With Expansion In Nashville
• 3 Procurement Priorities For Law Firms In Uncertain Times
• LoanDepot Can't Use High Court Robocall Ruling To Skirt Suit
• DOJ, SEC Urge High Court To Vacate Goldman Cert. Decision
• SPACs Surged In January Following Record-Breaking 2020
• 5th Circ. Reviews $15M Award In Real Estate Investment Spat
• Warren Seeks Answers From Robinhood Over Trading Limits
• Former WageWorks Execs Must Repay Co. $2M In SEC Deal
• FINRA Report Puts 'Game-Like' Trading Apps On Notice
• An OFAC Compliance Checklist For Ransomware Payments
• TransUnion Asks Justices To Ax Standing For FCRA Class
• How Debtor-In-Possession Loans Guide On Libor's Exit
• UK Is Proof Nonlawyer Ownership Threatens Legal Profession
• FHFA Promotes Atty To General Counsel
• Arnold & Porter Nabs Ex-Jones Day Capital Markets Pro
• Bank Of America Ex-Worker Settles COBRA Suit
• Envestnet, Yodlee Say Consumers OK'd Access To Bank Data
• Debt Cos. Hit With Class Action Over Tribal Loans
• PNC Bank Fights Bid For Quick Win In Unpaid Wage Spat
• High-Speed Trader To Pay $15M To Settle Spoofing Suit
• BofA Escapes Discrimination Suit Over PPP Funds For Now
• 5 Biden-Era Corporate Compliance Considerations
• Blitz Of Biotechs Join Crowded IPO Lineup To Start February
• CFTC Sues Trader For Alleged Swap Price Manipulation
• Remote Bar Exams Pose New Learning Disability Challenges
• OCC Can't Ditch Suit Over Community Lending Overhaul
• Pulling Up Stakes: Proskauer, Latham, Milbank