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BREAKING: Amex Fined $350M Over Anti-Money Laundering Lapses

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By Jon Hill

American Express has been fined $350 million over findings of systemic deficiencies in its banking unit's anti-money laundering program, including for alleged failures to properly detect and report $13 billion in potentially illicit activity over roughly a decade, federal regulators said Thursday.


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    SEC Says Climate-Tied Investor Actions May Pose Legal Risk

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    The U.S. Securities and Exchange Commission on Wednesday released a report into its investigation of a successfu...(read more)

  • USPTO Plan To Limit Patent Reviews Is In White House's Hands

    By Ryan Davis

    Rules proposed by the U.S. Patent and Trademark Office to place new limits on patent challenges are being scrutinized by a White House agency, which has held dozens of meetings with groups advocating for and against the plan in recent weeks.

  • Judge Plans To Drop TMZ Parent From Terrell Owens' TM Suit

    By Celeste Bott

    An Illinois state judge said Thursday that he intends to dismiss the Fox subsidiary behind TMZ from a trademark infringement lawsuit brought by ex-NFL star Terrell Owens, which accused the outlet of exploiting his famed catchphrase "Getcha Popcorn Ready" as a tagline in its football-related coverage to evoke anticipation, increase advertising revenues and generate web traffic.

  • Viatris To Buy Pacira BioSciences For $1.65B

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    Viatris has agreed to acquire non-opioid pain treatment maker Pacira BioSciences for $1.65 billion, with Cravath Swaine & Moore LLP advising Viatris and Ashurst Perkins Coie representing Pacira, the companies said Thursday.

  • 3 Firms Steer Crescent, Devon On $4.2B Eagle Ford Deal

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    Crescent Energy has agreed to buy Eagle Ford assets from Devon Energy for about $4.2 billion, with three firms advising on a deal that will expand Crescent's position in the South Texas oil and gas basin, the companies said Thursday.

  • Pa. Justices To Hear Philly's Suit Over Opioid-Spurred Crime

    By P.J. D'Annunzio

    The Pennsylvania Supreme Court has agreed to weigh in on whether the city of Philadelphia can sue CVS Pharmacy Inc. and other stores under state public nuisance laws for allegedly exacerbating the opioid epidemic with their prescription drug sales.

  • New Fraud Division Flexes Might In Latest Enforcement Policy

    By Phillip Bantz

    The National Fraud Enforcement Division's new corporate enforcement policy emphasizes the quick pursuit of certain types of fraud through data analysis and staff resources, expands the target list beyond traditional healthcare providers and highlights the division's growing dominance within the U.S. Department of Justice, experts say.

  • High Court Puts 4th Circ. Political Ad Rate Ruling On Ice

    By Christopher Cole

    The U.S. Supreme Court on Thursday stayed a Fourth Circuit ruling that directed the Federal Communications Commission to review an agency staff decision requiring broadcasters charge the lowest political ad rates for committees tied to candidates.

  • Jury Says Amazon Storefronts Infringed Golf Cart Patents

    By Theresa Schliep

    A federal jury in Virginia has found that three Amazon storefront operators willfully infringed a Chinese company's patent covering a collapsible golf cart, while also holding two of the operators liable for infringing a second, related patent.

  • Trump's Comments Fuel Challenge To White House Press Ban

    By Jared Foretek

    An attorney for the three major news organizations temporarily barred from the White House said President Donald Trump's own words doomed his administration's claim that the ban was based on national security concerns, telling a D.C. federal judge Thursday that the president simply wanted "good press."

  • Maduro's Wife Loses Bail Bid As US Levels Torture Charges

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  • Florida AG Seeks To Force Meta To Curb Addictive Features

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    The Florida attorney general Wednesday asked a state court to compel Meta Platforms Inc. to impose age verification measures and curb addictive features, saying that a recent $17.1 billion settlement with other state attorneys general shows that the social media giant can do so.

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Latest News

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From The Courtroom

  • Colo. Panel Mulls Telecom Co.'s Challenge To $24M Judgment
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Expert Analysis

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    Why And How To Build A Neurodiversity-Informed Practice
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  • Maureen Ohlhausen
    Contact Lens Rule's Evolution Steers FTC Guidance Program
    The history of the Federal Trade Commission's Contact Lens Rule illustrates the goals of the FTC's recently announced guidance progr... (read more)
  • Samuel Finkelstein
    Why Importers Should Assess IEEPA Refund Claims Now
    Businesses that wait for direction from U.S. Customs and Border Protection or the courts before seeking refunds of their finally liq... (read more)
  • Robyn Burrows
    What Anthropic Security Ruling Means For Gov't Contractors
    In light of the D.C. Circuit ruling backing the U.S. Department of Defense's decision to remove Anthropic's Claude artificial intell... (read more)
  • Shubha Ghosh
    HPE-Juniper Settlement Teaches Key Tunney Act Lessons
    A California federal court's recent approval of the U.S. Department of Justice's settlement with Hewlett Packard over its Juniper N... (read more)
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