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August 06, 2026
A North Carolina federal judge upheld a magistrate judge's finding that two Synchrony Bank customers must arbitrate their proposed class action challenging Synchrony's allegedly misleading 0% interest rate for military service members, though he partially disagreed with the magistrate judge's rationale.
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August 06, 2026
The Seventh Circuit on Thursday upheld the convictions of two Outcome Health executives for lying about the company's capabilities and value in a $1 billion fraud, rejecting their argument that an overzealous pretrial freeze on millions in assets violated their constitutional right to hire the defense attorneys of their choice.
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August 06, 2026
A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2023 failure, saying they sufficiently alleged KPMG ignored red flags as SVB's auditor.
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August 06, 2026
A former Goldman Sachs executive director was convicted Thursday for his role in what Brooklyn federal prosecutors say was a wide-ranging conspiracy to bribe Ghanaian officials in support of a Turkish energy company's push to obtain a lucrative power plant contract as the West African nation was reeling from an electricity crisis.
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August 06, 2026
A man accused of working with a former University of Alabama football player to obtain nearly $20 million in bogus loans by using wigs, makeup and forged documents to impersonate several National Football League players has been sentenced to six years in prison.
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August 06, 2026
Hogan Lovells Cadwalader has hired a former Treasury Department counsel, who in his last role was the agency's first official dedicated to focusing on digital asset policy and blockchain technology, the firm announced Thursday.
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August 05, 2026
A federal prosecutor on Wednesday told jurors in Brooklyn that emails and recordings back up allegations a former Goldman Sachs banker was the central player behind a plot to secure a lucrative energy contract by bribing Ghanaian government officials, while the defense argued that a dearth of evidence about illicit payments should doom the case.
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August 05, 2026
A North Carolina federal judge declined to fully adopt a magistrate judge's recommendation to dismiss a proposed class action accusing Bank of America of violating an interest cap law for military service members, though he trimmed some claims from the suit.
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August 05, 2026
A U.S.-based subsidiary of a Chinese fiberglass manufacturer has agreed to pay $5.1 million to resolve claims that it flouted eligibility requirements to receive a Paycheck Protection Program loan and loan forgiveness during the COVID-19 pandemic, ending a lawsuit brought under the whistleblower provision of the False Claims Act.
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August 05, 2026
The U.S. Securities and Exchange Commission announced Wednesday that it will create a specialized unit within its enforcement division to focus on fraud and misconduct in accounting, financial reporting and auditing, tapping a former Gibson Dunn & Crutcher LLP lawyer as head of the new unit.
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August 05, 2026
The Consumer Financial Protection Bureau has finished a proposal to overhaul its Biden-era open-banking rule and has submitted it for White House clearance, a move that signals the agency is nearing publication of the highly anticipated draft changes.
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August 05, 2026
A Connecticut state court judge has agreed to pause a proposed class action blaming a credit union for a breach of customers' private data while the parties head to a mediation session currently scheduled for September.
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August 05, 2026
A South Carolina federal judge on Wednesday dismissed disgraced attorney Alex Murdaugh's jury tampering suit against a former court clerk who was found to have interfered in his murder trial, ruling there was no connection between his alleged damages and the ex-clerk's misconduct.
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August 05, 2026
Loomis Sayles said Wednesday that it was dropping a lawsuit accusing Citigroup Global Markets of causing $70 million in trading losses when it fulfilled trades in shares of Shopify Inc. and Colgate-Palmolive Co. in violation of "best execution" practices.
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August 04, 2026
A federal jury in Brooklyn Tuesday saw a clandestinely recorded video of a former Goldman Sachs banker talking to an acquaintance about what prosecutors say were bribes paid to government officials in Ghana to greenlight a power plant deal, as the Foreign Corrupt Practices Act trial enters the home stretch.
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August 04, 2026
The Ninth Circuit ruled in a published opinion Monday that a physically present defendant need not be personally served in order for a court to have personal jurisdiction, affirming the enforcement of a $22.2 million Chinese arbitral award in a case centering on a defaulted loan.
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August 04, 2026
A split D.C. Circuit affirmed a lower court decision blocking the Trump administration from freezing $20 billion in clean-energy grant money Tuesday, overturning a divided circuit panel decision from September that vacated the injunction and would have allowed the administration to claw back the funding.
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August 04, 2026
UMB Bank NA's lawsuit over a failed $80 million development of a Hard Rock hotel and events center in Kansas is set to proceed to trial, with a federal judge holding that the suit asserts triable issues regarding whether some of the defendants shared a common purpose to defraud and to participate in a fraudulent enterprise.
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August 04, 2026
Payment processing company Stripe has asked a California federal court to confirm an arbitration award of more than $1.3 million in fees and costs that it won after beating claims from a merchant, whose payment processing account was terminated due to an extremely high volume of chargebacks.
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August 04, 2026
A mortgage lender that said it had to suspend operations during the pandemic can't claim $5 million in refunds for worker tax credits, a California federal magistrate judge said, finding the lender failed to show that its sales operations were partially suspended due to a government order.
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August 04, 2026
A Manhattan federal judge stayed a proposed class action brought by U.S. pension funds alleging that a group of Mexico-based units of global banking giants conspired to rig Mexican government bond prices after the two sides said they had reached a preliminary settlement agreement.
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August 04, 2026
A former employee of federal contractor Booz Allen Hamilton asked a Florida federal court to toss claims against him by Sen. Rick Scott over the leak of his personal tax returns, saying the suit was filed too late and in the wrong jurisdiction.
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August 04, 2026
A top U.S. banking agency said Tuesday that it has signed off on deposit insurance coverage for Augustus National Bank NA, advancing the newly chartered startup's plans to build out a full-service platform for crypto firms, high-net-worth clients and other players in the digital economy.
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August 04, 2026
Foley & Lardner LLP has hired Foley Hoag LLP's former Washington office partner-in-charge, who started her career at that firm as an associate almost 16 years ago, Foley & Lardner announced Tuesday.
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August 04, 2026
Sidley Austin LLP announced Tuesday that it is adding an 11-attorney team in New York from Hogan Lovells Cadwalader one month after the latter firm completed its megamerger.