Two biotechnology companies and a Chinese online lender filed initial public offerings on Friday preliminarily estimated to raise $192 million, adding to a growing backlog of IPOs that are waiting for the government to reopen before the submissions can move through the pipeline.
Chicago Board Options Exchange investors will have to weather Cboe Global Markets Inc.'s dismissal bid before trying to get the names of traders who allegedly manipulated the exchange's volatility index, or VIX, after an Illinois federal judge on Friday refused to grant an early discovery peek in the multidistrict litigation.
King & Spalding LLP has bolstered its special matters and government investigations team in Atlanta with the hiring of a 14-year veteran attorney from the U.S. Securities and Exchange Commission.
The U.S. Supreme Court said Monday that it won't take up a lawsuit challenging the constitutionality of the Consumer Financial Protection Bureau’s structure, a case that Trump administration lawyers had called a “poor vehicle” for the justices to consider this high-stakes issue.
Nationstar Mortgage reached a $6.5 million proposed settlement Friday with a class of California customers who claim their calls with the loan company were recorded without their knowledge or permission, violating state law, according to a joint motion filed in California federal court.
The Federal Circuit on Monday ordered the Trademark Trial and Appeal Board to reconsider a ruling that "Guild Mortgage Company" is confusingly similar to "Guild Investment Management,” pointing to evidence that the two names have peacefully coexisted for decades.
Law360's top four Firms of the Year notched a combined 32 Practice Group of the Year awards after successfully securing wins in bet-the-company matters and closing high-profile, big-ticket deals for clients throughout 2018.
Law360 congratulates the winners of its 2018 Practice Group of the Year awards, which honor the law firms behind the litigation wins and major deals that resonated throughout the legal industry in the past year.
Federal banking officials on Friday highlighted the work that's underway to make sure bank examiners understand they can't ding banks for violating supervisory guidance, but were cagey about prospects for formal rulemaking on how this guidance is used.
The last week has seen Axa sue a private health-care provider, AIG take on shipper MSC and an appeal by a printer cartridge maker that has been fighting a multimillion-pound award to its pension trustees.
Excitement for stock sales and acquisitions was somewhat restrained at this year’s JPMorgan’s health care conference, according to several attorneys who attended the event in San Francisco that concluded Thursday, given uncertainties caused by market volatility and the government shutdown.
A Washington bank is not entitled to a $9.6 million refund to a failed subsidiary because it missed filing deadlines and agreed to pay the subsidiary any refund, a federal court said Thursday, awarding summary judgment to federal banking regulators.
A North Carolina federal court denied the U.S. government’s bid to transfer Bank of America’s $163 million tax interest refund lawsuit to the U.S. Court of Federal Claims, saying Thursday that it has jurisdiction over the case.
Troutman Sanders LLP represented Bank of China and Industrial and Commercial Bank of China Ltd. in connection with the banks' combined $60.8 million in financing to Pi Capital Partners for several properties in Manhattan and one Queens property, according to records made public in New York on Friday.
Manhattan U.S. District Judge Richard J. Sullivan hit a former prison guard with three years behind bars Friday for smuggling alcohol and mobile phones to jailed Turkish-Iranian gold trader Reza Zarrab in exchange for cash, saying a “tough sentence” sends a message not to corrupt the judicial system.
Hundreds of institutional investors have accused Barclays, HSBC and four other banking giants in London's High Court of conspiring to rig the foreign exchange market, seeking billions of dollars in damages for antitrust violations.
French judges are preparing to launch a formal investigation into scandal-hit Danske Bank over approximately €28 million ($32 million) of transactions that potentially violated France’s anti-money laundering legislation, the lender said on Friday.
A legal malpractice case in which Rochdale Securities LLC is suing Entwistle & Cappucci LLP for allegedly taking civil action against Morgan Stanley after the statute of limitations in a multimillion-dollar fraud case was removed to Connecticut federal court Thursday.
An Illinois-based commercial insurance premium financer locked in a bitter contract fight with a competitor shouldn’t have been ordered to continue working with the rival beyond a drop-dead date in their contract, the Seventh Circuit decided Wednesday, tossing an Illinois federal court’s preliminary injunction.
As the government shutdown drags on, Law360 is compiling answers to some of the most pressing questions on attorneys' minds.
Law firms should redesign the vetting process for lateral candidates so it directly addresses sexual harassment and assault issues, says Howard Rosenberg of Decipher.
The U.S. Department of Justice Criminal Division's 22-page report on the Fraud Section's accomplishments in 2018 provides important hints at what the future holds for individuals and entities whose activities come within the section’s broad reach, say Kevin Muhlendorf and Madeline Cohen of Wiley Rein LLP.
In the past year, the New York Court of Appeals heard four significant cases addressing contractual remedies and timeliness of lawsuits concerning residential mortgage-backed securities — and has agreed to hear at least two more. The court's decisions in these cases will serve as useful guideposts, say attorneys with Skadden Arps Slate Meagher & Flom LLP.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Sadie Baron, chief marketing officer at Reed Smith LLP.
The rise of remote work capabilities and advances in technology are making flexible, freelance legal work a more accessible career option for corporate attorneys, say Elizabeth Black and Sara Eng of InCloudCounsel.
Of the 200 blockchain patents that were issued in the United States last year, 10 stand out as being particularly interesting and provide insight into the future direction of the technology, says William Zac Duffy of Munsch Hardt Kopf & Harr PC.
While several proposed changes to multidistrict litigation procedures may be warranted and appropriate, consideration should be given to a modest modification of the judicial selection process, says Doug Smith of Kirkland & Ellis LLP.
Judge Jack Weinstein has served in the Eastern District of New York for over half a century. White and Williams LLP attorney Randy Maniloff visited his Brooklyn office to find out what makes the 97-year-old jurist tick.
As all signs point to payments growing in the internet of things space in 2019 and beyond, a key challenge is figuring out how consumer laws and regulations will apply to devices with small or no screens, or ones relying primarily on voice interaction, says Duane Pozza of Wiley Rein LLP.
The 116th Congress has an ideal opportunity to pass bipartisan privacy legislation that could safeguard consumer data, provide clear and uniform rules for businesses, and preserve innovation. Yet any new legislation faces significant hurdles, say Joseph Facciponti and Maxwell Thompson of Murphy & McGonigle PC.