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.
While the usual appellate powerhouse firms scored big at the U.S. Supreme Court in the 2015 term, a dark horse managed to emerge with a spotless 5-0 record, and a veteran boutique was able to shape landmark rulings on both the Affordable Care Act and the Obama administration’s executive orders on immigration. Here, Law360 takes a look at how the country’s top firms performed at the high court this session.
While Justice Antonin Scalia's death resulted in a Supreme Court term notably lacking his famously pithy, well-reasoned dissents, the justices still managed to make their ire known. Here, we look at the most noteworthy dissents of the term and how Scalia's absence made a mark.
A vacant seat on the court. Controversial decisions on abortion and affirmative action. A judicial deadlock on immigration. For the U.S. Supreme Court, it was both business as usual and a session unlike any other. Here, Law360 takes a deep dive into the numbers behind the high court's latest term, examining the vote counts, overturn rates and dissents from this divided court.
Late Justice Antonin Scalia joked about taking bribes, Justice Stephen Breyer imagined a hot dog detector and Chief Justice John Roberts needed help deciphering a young lawyer's lingo. Amid the customary seriousness of this term's U.S. Supreme Court arguments, there were some memorable moments of courtroom comedy. Here, Law360 looks back at humorous highlights from the past year.
The U.S. Supreme Court's struggle to avoid 4-4 splits this term led to a new kind of unanimity, experts say, with the four justices in the ideological middle forging consensus on narrow points of law.
The U.S. Supreme Court elected not to review a Second Circuit decision allowing New York usury law to trump federal statute in a case against a debt buyer, but a U.S. government brief in the case could result in the question coming back to the high court.
The investors behind four class actions alleging dozens of financial institutions manipulated interbank benchmark rates have sent letters to New York federal judges arguing the U.S. Supreme Court’s recent RJR Nabisco decision allows the racketeering claims they leveled in their suits.
The eight-justice U.S. Supreme Court failed to reach majority decisions in some of the most closely watched cases of the term, leaving controversial legal questions unanswered and underscoring the stakes of the political fight over the late Justice Antonin Scalia's replacement.
Counsel for a former Willkie Farr & Gallagher LLP and Hunton & Williams LLP partner facing fraud charges argued Monday in New Jersey federal court that prosecutors should keep their hands off evidence pulled from a cellphone, saying the device was illegally seized without a warrant.
The Kroger Co. launched a suit Monday in Ohio federal court accusing Visa Inc. of hitting it with $7 million in fines, and threatening to raise fees and block the grocery chain from accepting Visa debit cards altogether amid a battle over the safety of a signature verification system for payment cards.
PNC Bank on Monday urged the Eighth Circuit once again to reverse a lower court's approval of a $355.5 million jury verdict against it for its role as a trustee to a company that ran a Ponzi-like scheme involving prepaid funeral contracts, arguing the suit should never have gone to trial as a tort case.
A California federal judge on Friday ruled that New York is the proper venue for claims against American Express Co. in a putative class action lawsuit alleging the credit card company and others conspired to shift fraud risk to merchants during the rollout of microchip-enabled cards.
A former accountant with KPMG LLP has hit the firm with a whistleblower lawsuit in New Jersey state court, alleging he was fired in retaliation for objecting to the withdrawal of negative findings made in an audit of an American Express department.
Payment processor Yapstone Inc. again implored a California federal judge to dismiss a proposed class action over a data breach brought by customers of vacation home rental website VRBO, arguing the amended complaint fails to show consumers sustained actual harm.
Payday lender Western Sky Financial LLC, loan servicer CashCall Inc. and others have agreed to pay $750,000 to resolve allegations they conspired to offer illegal online loans to Arkansas consumers while claiming to be shielded by tribal sovereign immunity, the state’s attorney general said Friday.
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.
In order to promote fintech innovation in a broad and effective fashion, it may be necessary for Congress to grant one or more federal financial agencies the express authority to waive a company’s exposure, within bounds, to both private liability and regulatory enforcement, says Gordon Miller, former Federal Reserve Board counsel now with Allen & Overy LLP.
A recent bombshell lawsuit by Home Depot alleges patterns of antitrust violations, illegal collusion and anti-competitive conduct by the Visa and MasterCard credit card networks. For consumers concerned with payment card security, the suit highlights potential weaknesses in some U.S. payment card technologies, says Andrew Phillips of McGuireWoods LLP.
One of the most prevalent complaints by associates and recent law school graduates is the lack of meaningful mentoring by more seasoned attorneys. Gary Gansle, leader of Squire Patton Boggs LLP's Northern California employment law practice, offers several tips as a light that can help junior attorneys start down the right path in their career development.
The U.S. Supreme Court’s ruling in RJR Nabisco v. European Community, which reversed a Second Circuit decision and held that the Racketeer Influenced and Corrupt Organizations Act has limited extraterritorial application, rejects all of the prevailing rulings on extraterritoriality and offers some new takes on the court’s prior jurisprudence in that area as well as antitrust law, say attorneys at Orrick Herrington & Sutcliffe LLP.
LeBron James has established his worth by tangible metrics. He cashed in on a free agent bonanza fueled by the NBA’s economic model that supports his regal compensation. But such is not the case when it comes to first-year associate salaries of $180,000 at certain law firms and $2,000 an hour billing rates for certain partners, says Mark A. Cohen, founder of Legal Mosaic LLC.
No one understands the concept and obligations of “fiduciary duty” better than legal professionals — and yet, many law firm partners and principals may be overlooking a significant source of liability in their practices, says Tom Zgainer, CEO and founder of America’s Best 401k.
As suspicions of elder abuse become more frequent, so too are suits where financial institutions are forced to defend themselves against allegations that they wrongfully froze an account. The terms of banking or brokerage agreements are central in such defense, say attorneys with Norton Rose Fulbright US LLP.
Six months after the U.S. Supreme Court's decision in Campbell-Ewald v. Gomez, lower courts have been divided on the key legal questions raised in the case. While some courts have refused to dismiss putative class actions, several district courts have reached a different conclusion and chose to deem cases moot, say attorneys at Weil Gotshal & Manges LLP.
Rather than busting open or shutting closed the door to privacy-related actions under the Fair Credit Reporting Act, the U.S. Supreme Court's opinion in Spokeo v. Robins struck a more nuanced approach, tightening up standing requirements to more clearly filter out frivolous lawsuits, while preserving Congress’ flexibility to address serious information-related harms in the future, say Brandon Robinson and Gregory Cook at Balch & Bingham LLP.