UPDATED June 16, 2020 | The COVID-19 pandemic has caused widespread economic hardship for businesses of all sizes, with stay-at-home orders just now starting to be lifted after months in effect. Among the bipartisan actions taken by the federal government to support the business community was a concerted effort to provide forgivable loans to small businesses.
The U.S. Supreme Court saw a drop in narrowly divided rulings and more than a few unusual alliances among the justices in a term packed with contentious cases on abortion, immigration, LGBTQ rights and agency authority.
An attorney who led the prosecution of drug kingpin Joaquín "El Chapo" Guzmán Loera is now a partner at Mayer Brown LLP, the firm has announced.
Banking technology company nCino's shares rocketed upward Tuesday after the company raised $250 million in an upsized, Sidley Austin LLP-steered initial public offering that priced above the company's expected range.
Alfred Xue of Latham & Watkins LLP has represented major financial institutions in high-profile transactions, including J.P. Morgan, Credit Suisse and other banks as they financed Brookfield Business Partners' $13.2 billion acquisition of a battery business in 2019, earning him a spot among the banking law practitioners under age 40 honored by Law360 as Rising Stars.
The number of female lawyers arguing before the U.S. Supreme Court hit a new low this year. Can the pipeline to these coveted oral argument slots be fixed?
Test how closely you were paying attention to the explosive 2019-2020 Supreme Court term.
The Consumer Financial Protection Bureau filed a complaint Monday against a web of companies and individuals, including four attorneys, wrapped up in an alleged student debt relief scheme that illegally collected $11.8 million in advance fees from clients.
A Louisiana federal judge ruled Monday that the Pelican State can again amend its suit alleging that Barclays and other big banks conspired to rig prices of bonds issued by government-sponsored enterprises like Fannie Mae and Freddie Mac, mooting a second round of dismissal bids over protestations from banks.
Boies Schiller Flexner LLP has added the former head of derivatives bankruptcy strategy at Lehman Brothers Holdings and the former executive director of distressed special situations at Nomura International PLC to its New York and London offices, respectively, the firm announced Monday.
UBS told a New York federal judge that energy holding company Greka Integrated Inc. owes it an additional $54 million in interest, fees and costs after the bank's early victory in its suit over Greka's failure to repay $100 million in loans.
The majority of this term’s dissents came from the court’s right-leaning justices, and many of their sharpest critiques stemmed from suits over Trump administration policies. Here, Law360 looks at some of the fieriest.
Securities litigation during the first half of 2020 has been dominated by cases related to the ongoing COVID-19 pandemic and its many effects on the economy.
Ezra Schneck of Fried Frank Harris Shriver & Jacobson LLP advised on several transactions worth about $1 billion or more in the last year, including guiding Sinclair Broadcast Group's $9.6 billion acquisition of Disney's sports networks, earning him a spot among the banking law practitioners under age 40 honored by Law360 as Rising Stars.
Justice Stephen Breyer conjured up a baffling hypothetical involving a Roman emperor, Chief Justice John Roberts stepped up his game on popular slang, and a toilet flushed loudly as a Latham & Watkins lawyer discussed constitutional rights. Here, Law360 highlights the most mirthful moments from this past term's U.S. Supreme Court arguments.
One justice again stood out as the chattiest member of the Supreme Court this term. But that jurist's talk was tempered when the coronavirus pandemic forced the court to close its doors and conduct remote oral arguments, which were livestreamed for the first time in history.
Duane Morris LLP has added a partner to the corporate practice of its Chicago office who formerly practiced at Mayer Brown LLP, who will advise investment fund sponsors and managers on a variety of financing transactions.
Blackstone Group, counseled by Clifford Chance, said Monday it inked a revised takeover of Allen & Overy-advised lender NIBC worth €1.03 billion ($1.13 billion), after the private equity firm previously signaled the coronavirus pandemic could jeopardize the deal.
From a Maryland federal judge recognizing the value of personal data in today's economy to a Virginia court sending companies scrambling to keep post-data breach discussions secret, it's been a busy few months in cybersecurity and privacy litigation. Here are five rulings worth revisiting as we head into the year's second half.
New York's move to penalize Deutsche Bank AG for what state officials said were lapses in the bank's relationship with convicted sex offender Jeffrey Epstein is a wake-up call for how financial institutions and their compliance departments should approach high-risk clients, experts told Law360.
A cannabis company backed by music mogul Jay-Z and football legend Joe Montana received millions of dollars in Paycheck Protection Program loan money, U.S. Treasury data shows.
Student loan servicer Navient told a Pennsylvania federal judge Friday that because the U.S. Supreme Court recently ruled the president can remove the Consumer Financial Protection Bureau's chief at will, that agency's suit against the loan provider should be dropped.
The 2019 term has removed all doubt: Chief Justice John Roberts Jr. is the power broker on the U.S. Supreme Court. But unlike past swing justices, the nation's top jurist puts the reputation of the court before his own conservative instincts and is willing to compromise when he needs to.
Investors hit TD Ameritrade Inc. with a proposed class action in Illinois federal court on Thursday alleging that it failed to warn customers of a possibility of crude oil futures reaching a price of zero and liquidated their positions "in a commercially unconscionable manner."
The U.S. Supreme Court's opinion finding President Donald Trump isn't immune from a New York grand jury subpoena for his tax records affirms the president isn't above the law, but continuing litigation will likely delay their release.
A docket packed with divisive cases. Experiments in remote oral arguments. Defining moments for the court’s new swing justice. Here, Law360 takes a data dive into the numbers behind this historic court term, when the unexpected reigned supreme.
The U.S. Supreme Court's recent ruling in Liu v. U.S. Securities and Exchange Commission limited the Federal Trade Commission's authority in important ways, and the court's eventual decision in FTC v. Credit Bureau Center could prevent the regulator from seeking disgorgement or restitution altogether, say attorneys at Sidley.
The recent Bank Secrecy Act guidance from the U.S. Department of the Treasury's Financial Crimes Enforcement Network represents a major shift that should enable certain hemp-related businesses to receive better access to financial services, say Gregory Kaufman and Ben Marzouk at Eversheds Sutherland.
A ruling in favor of the defendant in Fast Trak Investment v. Sax, a case recently accepted by the New York Court of Appeals, could enable borrowers to avoid repaying litigation funders by claiming state usury law violations, say attorneys at MoloLamken.
Although many traditional business development activities are on hold due to the COVID-19 pandemic, associates should seize the unique opportunities of this time to cultivate business by strengthening their personal and professional relationships, and developing new ones, says Jeremy Schneider at Jackson Lewis.
Parallel U.S. Department of Justice and U.S. Securities and Exchange Commission fraud charges connected with NAC Foundation's digital currency offering draw attention to the use of undercover agents in financial crime investigations, the risk of retaining questionable service providers, and heightened securities law scrutiny in the space, says Casey O'Neill at Fenwick.
Shira Blank and Joshua Stein at Epstein Becker examine pandemic-related accessibility challenges businesses should consider when balancing Americans with Disabilities Act Title III compliance against employee and patron safety as the statute's 30th anniversary approaches.
As a result of the COVID-19 pandemic and ensuing shelter-in-place regulations, mezzanine lenders will likely want to account for the changing Uniform Commercial Code landscape and recent New York state court rulings when approaching foreclosure sales and litigation, say attorneys at King & Spalding.
Although Florida's recently passed Uniform Commercial Real Estate Receivership Act isn't specifically intended as COVID-19 relief, it should give lenders a better framework for contemplating receivership, streamlining commercial foreclosures and protecting their interests in the looming increase in foreclosures, say attorneys at Nelson Mullins.
In this moment of national recognition of historical institutional racism, the American Bar Association must implement a model rule that explicitly declares efforts to fight racism and advance equality to be a matter of attorneys' ethics and professional conduct, say Marc Firestone at Philip Morris International and David Douglass at Sheppard Mullin.
The Financial Conduct Authority's £37.8 million ($47.85 million) fine of Commerzbank London last month for alleged failures in anti-money laundering controls provides useful risk-management reminders for financial institutions operating in the U.K., say attorneys at Crowell & Moring.
When evaluating the vast range of legal technology options available today, law firms will want to make sure that firm intellectual property and client data stored in the software are encrypted, isolated, protected through backups and in compliance with the ever-growing list of data regulations, say Eric Tucker and Dorna Moini at Documate.
While the dust appears to have settled after the surreal departure of U.S. Attorney Geoffrey Berman from the Southern District of New York last month, the interim tenure of Acting U.S. Attorney Audrey Strauss bears close watch in this fraught moment leading up to the presidential election, say Danya Perry and Samidh Guha at Perry Guha.
With the COVID-19 crisis heightening borrowers' desire to minimize costs and lenders' desire for liquidity in secondary markets, real estate loan terms for future advances may be an attractive option but they also create some complexities that should be addressed in loan agreements, say Steven Herman and Matthew McManus at Cadwalader.
With business development dinners and social events no longer viable for new lateral hires, law firms need a refreshed game plan — one that fully exploits the digital landscape, say Andrew Longstreth and Jesse Dungan at Infinite Global and Michael Coston at Coston Consulting.
If recent corporate claims against systemic racism and discrimination are genuine, companies should return bias and harassment claims to the courts by discontinuing the use of mandatory employment arbitration agreements, says attorney Victor Caldwell.