Scarinci Hollenbeck LLC added a former Eaton & Van Winkle LLP partner on Wednesday who brings years of experience working across a variety of practice areas, including cybersecurity and privacy, employment and securities.
American Express Co. filed a brief with the U.S. Supreme Court on Tuesday asking the justices not to disturb its Second Circuit win in an antitrust suit challenging rules that prevent merchants from steering customers to other credit cards, arguing the restriction helps the company compete with its rivals.
A New York bankruptcy judge on Wednesday cleared the last objection to Walter Investment Management Corp.’s Chapter 11 plan, saying the company can extend the plan’s litigation release provisions to its nonbankrupt operating companies.
The U.S. Treasury Department on Tuesday told investors to steer clear of Venezuela’s proposed oil-backed cryptocurrency, which officials say is a barefaced effort to avoid U.S. sanctions imposed on the government by the Trump administration this summer.
Navient Corp. urged a Delaware federal judge on Tuesday to throw out a group of investors’ latest attempt at a suit alleging the loan servicer engaged in such misconduct as misusing loan forbearances to manipulate its financial results, arguing that the investors’ revisions to their complaint can’t save it from dismissal.
A proposed class of U.S. lenders told a New York federal judge on Tuesday they have reached separate settlements with Citigroup and HSBC totaling $27 million to resolve their claims in a sprawling multidistrict litigation over an alleged conspiracy to rig London Interbank Offered Rate.
Arnold & Porter Kaye Scholer LLP on Tuesday said former U.S. Sen. Christopher Dodd will join the firm in Washington, D.C., as part of its legislation and public policy group, while the former head of litigation for Eli Lilly & Co. will come aboard in its life sciences and health care regulatory practice.
The Massachusetts securities regulator on Wednesday accused a Brookline-based man and his Cayman Islands company, Caviar, of running a cryptocurrency scheme.
Mayer Brown LLP’s banking practice continued to notch courtroom victories and handle mega-sized transactions for some of the world’s largest financial institutions over the last year, earning it a spot among Law360’s 2017 Banking Groups of the Year.
Six banks that sued a trucking firm and its president for $250,000 in legal fees they say they incurred as a result of the business’s racketeering suit against them asked a New York federal judge on Tuesday to rule in their favor before they have to incur the costs of discovery.
The disputed acting head of the Consumer Financial Protection Bureau on Wednesday announced a review of the bureau’s operations and philosophy, beginning with its approach to investigative practices, indicating a possible shift away from aggressive policies under the previous leadership.
U.S. laws that mandate banks and other companies report suspicious financial transactions, and that set penalties for banks that do not do so adequately, need to be modernized, the head of the Treasury Department’s anti-terror and financial crimes enforcement efforts said Wednesday.
Wellfleet Credit Partners, the performing credit business of Greenwich, Connecticut-based private investment firm Littlejohn & Co. LLC, has closed its latest collateralized loan obligation at $409 million, the company said Wednesday.
The former head of foreign currency exchange trading for a Barclays PLC unit’s New York office has been charged with fraud and conspiracy for a purported scheme to defraud Hewlett-Packard Co. out of millions of dollars by manipulating the market for foreign exchange options, federal prosecutors said late Tuesday.
In this monthly series, legal recruiting experts Amanda Brady and Amy Mallow of Major Lindsey & Africa interview law firm management from Am Law 200 firms about how they are navigating an increasingly competitive business environment. The second conversation is with Mark Usellis, chief strategy officer for Davis Wright Tremaine LLP.
Citi said Tuesday that the new tax law could mean future growth for the company but that it's taking $22 billion in charges in the short term as a result of the reform, while other companies announced smaller but still substantial one-time hits, like GM's $7 billion write-down.
Investors asked a New York federal court Friday to award their counsel $381 million and give final approval to $2.3 billion in settlements resolving putative class claims that Bank of America Corp., Barclays Bank PLC, Citigroup Inc. and others rigged foreign exchange rates.
A Second Circuit ruling that a judge applied the wrong standard of proof when certifying a class of shareholders accusing Goldman Sachs of fraud should help clarify the standard needed to rebut allegations that a company’s misstatements directly impacted its stock price, legal experts said Tuesday.
A Brazilian banking and financial services company asked a New York federal court to vacate an arbitral award dismissing its $50 million claim against two U.S. insurers for certain misrepresentations in its credit insurance application, saying the tribunal manifestly disregarded the law.
The U.S. Supreme Court declined on Tuesday to hear a challenge to a finding that debt buyer Portfolio Recovery Associates flouted the Fair Debt Collection Practices Act by not telling a consumer that it was time-barred from collecting on a 20-year-old debt.
As with 2016, there were no major U.S. Supreme Court decisions impacting indirect purchaser claims in 2017. Unlike 2016, however, several circuit court decisions addressed important issues such as ascertainability, 23(b)(3) predominance, and indirect versus direct purchaser status, say Chris Micheletti and Christina Tabacco of Zelle LLP.
The U.S. Securities and Exchange Commission will grapple with a great deal of unfinished business this year. In fact, these issues will dwarf the natural changes that the SEC will undergo as it continues to transition to new leadership, says Britt Biles of Stein Mitchell Cipollone Beato & Missner LLP.
Beyond what it heralds for the marijuana industry, Jeff Sessions’ memo on marijuana enforcement signals a new era of increasingly decentralized federal prosecutorial power, say attorneys with Perkins Coie LLP, including former Colorado Chief Justice Michael Bender.
France's recent settlement with HSBC under the new Sapin II anti-corruption framework could signal a new phase of government enforcement in the country. While the terms and structure of the settlement bear many similarities to deferred prosecution agreements in the U.S. and the U.K., they also differ in certain key respects, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
Jay Greenberg and Max Volsky, co-founders of litigation finance platform LexShares Inc., analyze emerging trends based on conversations with their investors and executives in this rapidly evolving sector.
The past year did not deliver the massive amount of commercial mortgage-backed securities refinancings predicted by many at the end of 2016. Stuart Goldstein and Gregory Prindle of Cadwalader Wickersham & Taft LLP review what happened in 2017 and look ahead to what the industry might see in 2018.
Study of the Enneagram personality typing system can provide attorneys with better insights into themselves, and into those they interact with professionally, including clients, opposing counsel and judges, says Jennifer Gibbs of Zelle LLP.
For more than 80 years, federal labor law has guaranteed American workers the right to act in concert to improve workplace conditions. But if the Trump administration has its way, the U.S. Supreme Court will treat that guarantee just as the Senate recently treated the Consumer Financial Protection Bureau’s consumer protection rule, says Michael Rubin of Altshuler Berzon LLP.
The Delaware Supreme Court's decision last month in Investor Bancorp may result in challenges to director compensation awarded pursuant to existing discretionary equity plans and is likely to affect the structure of future equity plans, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.
John Greenya’s new book, “Gorsuch: The Judge Who Speaks for Himself,” offers readers something the confirmation hearings did not — the backstory of Neil Gorsuch and a glimpse of who Justice Gorsuch is, says Chief Judge Timothy Tymkovich of the Tenth Circuit.