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  • January 2, 2019

    Wells Fargo Settles Calif.'s Insurance Sales Claims For $10M

    Wells Fargo & Co. has agreed to pay up to $10 million to resolve the California Department of Insurance's allegations that it signed up consumers for renters and life insurance without their permission, the regulator announced Wednesday.

  • January 2, 2019

    Fed. Claims Court Upholds Full Offshore Reporting Penalties

    The U.S. Court of Federal Claims has upheld the full amount of civil penalties tied to a woman’s undisclosed offshore account, rejecting the reasoning in two recent cases where the judges found that a decades-old penalty cap was still intact.

  • January 2, 2019

    Credit Card Co. Investors Strike $11M Cash Deal Over IPO

    CPI Card Group Inc. investors will receive $11 million in cash, according to a settlement proposed in New York federal court Monday, ending their claims that the payment technologies company oversold its chip-enabled financial card product ahead of its $172.5 million initial public offering.

  • January 2, 2019

    FINRA Awards $4.2M For Morgan Stanley's Lack Of Oversight

    A Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanley Smith Barney LLC to pay a former NFL player and a Mega Millions lottery winner a combined $4.2 million, ruling the wealth manager failed to adequately supervise the adviser who squandered the funds.

  • January 2, 2019

    Tilton Loses Latest Bid To Beat German Bank's Fraud Suit

    A New York state judge has refused to dismiss a German bank's $45 million fraud suit against investment manager Lynn Tilton, saying it was different enough from the U.S. Securities and Exchange Commission's failed case against her that it should be allowed to advance.

  • January 2, 2019

    WilmerHale Lands Former NY AG Chief Of Staff

    WilmerHale is adding the former chief of staff for the New York State Attorney General’s Office as a partner in February to augment the firm’s regulatory and crisis management concentrations, the firm has announced.

  • January 1, 2019

    Financial Services Litigation To Watch In 2019

    On the horizon for the financial services industry in the new year are cases that will turn up the heat on the debate over the Consumer Financial Protection Bureau’s constitutionality, test the legality of the much-vaunted fintech banking charter and potentially increase the number of lawsuits from homeowners fighting foreclosure. Here, Law360 examines the cases that experts most often singled out for their potential impact on the industry.

  • January 1, 2019

    White Collar Cases To Watch In 2019

    The coming year's white collar docket is an active one, with several large health care fraud cases set to go to trial and post-trial litigation that could shape the law in insider trading and other financial crimes and affect how companies cooperate in criminal probes.

  • January 1, 2019

    Insurance Cases To Watch In 2019

    Insurance attorneys will have plenty to chew on in 2019, with the Connecticut Supreme Court poised to weigh in on multiple issues of first impression regarding coverage for asbestos injury claims and Georgia's high court set to offer guidance on the prerequisites for policyholders to sue their insurers for bad faith.

  • January 1, 2019

    Privacy & Cybersecurity Cases To Watch In 2019

    With Ireland's privacy watchdog probing claims that Facebook and Google have breached Europe's new data protection rules and Illinois's Supreme Court considering a game-changing test of the state's unique biometric privacy law, 2019 is shaping up to be a big year for privacy and cybersecurity litigation. Here are some cases worth tracking, and why.

  • January 1, 2019

    Consumer Protection Cases To Watch In 2019

    The new year isn’t shaping up to be a restful one for consumer protection attorneys, with the full Ninth Circuit poised to hand down a decision on nationwide class settlements, the high court diving back into standing in the privacy context and the Federal Communications Commission grappling with the scope of the Telephone Consumer Protection Act. Here, Law360 rounds up the cases worth keeping an eye on in 2019.

  • January 1, 2019

    Banking Regulation To Watch In 2019

    The return of divided government in Washington may put a damper on the prospects for more banking legislation, but federal regulators will have their hands full in 2019 finishing rules to implement the last big banking bill, updating old rules around lending in underserved areas and rethinking their rethink of the Volcker Rule.

  • January 1, 2019

    Swaps-Trading Rules Top Agenda For CFTC In 2019

    The U.S. Commodity Futures Trading Commission could overhaul swaps-trading rules in 2019, which tops a broad list of priorities that also includes potential action on cross-border matters, position limits and digital currencies as the agency prepares for new leadership. Here is an overview of unfinished business and potential new developments that await the CFTC.

  • January 1, 2019

    Securities Litigation To Watch In 2019

    In 2019, securities attorneys will be following a U.S. Supreme Court case involving an investment banker accused of committing fraud for forwarding his boss' misstatements, and hoping for additional clarity about how to establish loss causation in stock-drop suits. Here, Law360 looks at four key securities issues for the coming year.

  • December 21, 2018

    Texas Justices Side With Compass Bank In Account Theft Row

    The Texas Supreme Court said Friday that a Compass Bank client waited too long to notify the bank after a fraudster cleaned out his account, adding that the customer, a resident of Mexico, can’t use missing bank statements to excuse his delay in reporting the loss.

  • December 21, 2018

    3rd Circ. Questions Legal Standard In Foreign Account Case

    The Third Circuit on Friday asked a Pennsylvania federal court to take another look at its conclusion that a pharmaceutical executive didn’t willfully avoid disclosing his Swiss bank account, citing uncertainty over the legal standard that was applied.

  • December 21, 2018

    UBS Agrees To Pay States $68M Over Libor Rigging

    UBS AG has agreed to pay $68 million in a settlement with 39 U.S. states and the District of Columbia for manipulating its London Interbank Offered Rate submissions in order to dodge bad publicity and benefit its trading positions, prosecutors said Friday.

  • December 21, 2018

    SEC Resolves Numerous In-House Proceedings Post-Lucia

    The U.S. Securities and Exchange Commission resolved more than a dozen administrative proceedings Friday, many of which became eligible for a rehearing after the Supreme Court's Lucia v. SEC decision earlier this year.

  • December 21, 2018

    CFTC, Ex-UBS Trader Unveil $100K Spoofing Settlement

    The Commodity Futures Trading Commission and a former UBS AG trader accused of spoofing in precious metals futures markets asked a Connecticut federal judge on Thursday to approve a settlement that fines the ex-trader $100,000 and bars him from commodities trading for a year.

  • December 21, 2018

    Low-Level Tippee Gets 3 Months In BofA Insider-Trade Case

    A Manhattan federal judge sentenced a 35-year-old software engineer to three months in prison Friday for taking illegal stock tips from a former Bank of America consultant and profiting by $51,000, telling the Rochester Institute of Technology grad that other would-be cheats must be deterred.

Expert Analysis

  • Opinion

    High Court Should Hold Securities Fraudsters Accountable

    Stephen Hall

    On Monday, the U.S. Supreme Court will hear oral argument in Lorenzo v. U.S. Securities and Exchange Commission. If the court rules that scheme liability doesn’t apply to cases involving false statements, the result will be more victims and more fraud that goes unpunished, says Stephen Hall of Better Markets.

  • FinCEN Tightens The Net On Illicit Real Estate Deals

    Thomas Delaney

    Geographic targeting orders released this month indicate that the Financial Crimes Enforcement Network remains concerned about money laundering risks in the real estate sector — and the anonymity of transactions that use virtual currency, say attorneys with Mayer Brown LLP.

  • Justices May Struggle To Agree On Rule 10b-5 Scope

    Arthur Greenspan

    Next week, the U.S. Supreme Court will hear argument in Lorenzo v. U.S. Securities and Exchange Commission, which could clarify the range of liability under Rule 10b-5. But Lorenzo will be decided by an eight-justice court — a circumstance that might significantly affect how the case gets resolved, say Arthur Greenspan and Jacob Taber of Richards Kibbe & Orbe LLP.

  • Jurors Should Ask More Questions During Trials

    Matthew Wright

    Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.

  • Calif. Ruling Dings Engagement Letter Arbitration Clauses

    Sharon Ben-Shahar Mayer

    The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.

  • Life After The Midterms For Fintech And Digital Assets

    Dina Ellis Rochkind

    Following the 2018 midterm elections and subsequent change in composition of Congress, there are new dynamics at play as to how cryptocurrency, blockchain and distributed ledger technologies will be treated from a legislative and regulatory perspective, say Dina Ellis Rochkind and Lara Kaplan of Paul Hastings LLP.

  • 10 Things We Wish We Were Told When Going In-House

    Dana Lee

    Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.

  • The Virtual Law Team: Advantages For Litigants And Lawyers

    Jessica Cox

    The virtual law team was created as a necessary response to mass tort litigation — however, with advances in technology and ever-increasing specialization of the legal practice, the model should be considered in multiplaintiff litigation of any size, say attorneys at Faegre Baker Daniels LLP.

  • Q&A

    BigLaw Alums Q&A: Mark Migdal's Lara O'Donnell Grillo

    Lara O’Donnell Grillo

    BigLaw firms tended to be inflexible, with methods that were inconsistent with how I wanted to practice law. There were many time-wasting aspects of the practice, says Lara O’Donnell Grillo of Mark Migdal & Hayden.

  • 5 Business Takeaways From The Midterms

    Mary Moore Hamrick

    Now that the midterms are over, business leaders have a little insight into the future of taxes, trade and other policy issues affecting the economy. Still, companies should remain agile as, come January, a new and divided Congress will begin to chart its course, says Mary Moore Hamrick of Grant Thornton LLP.