Fintech Law360 provides breaking news and analysis on financial technology. Coverage includes legal and regulatory developments in cryptocurrency, including bitcoin and initial coin offerings, as well as electronic payment systems, peer-to-peer lending, algorithmic trading and many other aspects of this fast-evolving area of the law.
A New York federal judge has thrown out Island Intellectual Property LLC's patent infringement and trade secrets suit against StoneCastle Cash Management LLC after finding that five financial services patents don't hold up under the U.S. Supreme Court's Alice test.
Extended stay-at-home orders are risking the stability of the financial system, the newly appointed head of the OCC told mayors in a Monday letter, highlighting compounding risks as the COVID-19 pandemic and recent civil unrest exacerbate economic uncertainty.
A California federal judge gave both the Federal Trade Commission and LendingClub partial quick wins Monday in the regulator's false advertising suit against the loan servicer, but allowed the bulk of the suit to move forward after finding that several questions of fact and law remained.
A Florida federal judge remanded an alleged $35 million cryptocurrency Ponzi scheme case to state court Monday, saying the lower court where the lawsuit originated has jurisdiction to hear the claims against the perpetrators of the "uncovered securities" enterprise.
Private equity-backed payment processor Shift4 Payments Inc. on Monday joined a growing initial public offering pipeline, setting a price range for an IPO estimated to raise $300 million guided by Latham & Watkins LLP and underwriters counsel Simpson Thacher & Bartlett LLP.