A federal district court lacks jurisdiction over 10 claims in a lawsuit involving almost $170 million of interest payments Bank of America claims is owed to it by the Internal Revenue Service, the agency said in a brief filed Wednesday.
The battle between Quicken Loans and a property appraisal startup continues as HouseCanary Inc. is seeking an injunction in Texas federal court to prevent Quicken Loans from using allegedly-stolen trade secrets, while a title appraisal business affiliated with Quicken Loans moved to overturn a $706 million decision in favor of HouseCanary in state court.
The U.S. Commodity Futures Trading Commission said Thursday that it would be doling out approximately $30 million to an insider who volunteered information central to a successful enforcement action — the fifth, and by far the largest, award yet from the agency's young whistleblower office.
Labaton Sucharow LLP has asked the First Circuit to force a Massachusetts federal judge to step down, claiming that is the only way it can get a fair shake in a $75 million attorneys' fee fight following a $300 million State Street Corp. settlement, according to a brief made public Thursday morning.
A former Barclays trader has been found guilty of plotting to manipulate a key European interest rate benchmark at a London crown court, it was revealed on Thursday, as the jury was discharged after failing to reach a verdict on three other defendants.
D.C. Circuit Judge Brett Kavanaugh racked up steep credit card debt in 2016 to pay for Washington Nationals tickets, according to Wednesday news reports and disclosures by the U.S. Supreme Court nominee that also show he coaches kids’ basketball and contributed to a law book without pay.
Royal Park Investments SA/NV can’t have class action status for its suit accusing U.S. Bank NA of fumbling its duties as trustee to nearly two dozen residential mortgage-backed securities trusts, a New York federal judge ruled Tuesday.
President Donald Trump’s former campaign chairman Paul Manafort is being treated like a “VIP” in jail as he awaits trials over alleged financial crimes and foreign lobbying charges, and found a way around the rule barring prisoners from sending emails while incarcerated, prosecutors told a Virginia federal judge Wednesday.
President Donald Trump's nomination of D.C. Circuit Judge Brett Kavanaugh to a seat on the U.S. Supreme Court has sent everyone scrambling to read what the jurist has written, but how about what he's said? Here, Law360 presents an interactive audio tour of four key Judge Kavanaugh arguments.
The head of Puerto Rico's public electric utility has resigned just months after being installed to lead the company’s privatization push as it struggles to restructure more than $9 billion in debt and improve an unstable electric grid.
The Illinois federal judge overseeing multidistrict litigation over alleged manipulation of the Chicago Board Options Exchange's volatility index told investors' attorneys he'll be looking for details on team diversity and the potential for "substantive work for junior attorneys" in any lead counsel applications they submit.
Hibernia REIT PLC has sold a Bank of Ireland-leased Dublin building to a Credit Suisse asset management fund for €65.3 million ($76.2 million), the U.K. real estate investment trust announced Wednesday.
Over his four decades on the federal bench, there was one clerk U.S. Supreme Court Justice Anthony Kennedy always praised effusively. Now, that clerk could be replacing the retiring justice on the high court.
Morgan Stanley has reportedly loaned $150 million for the recent purchase of Pfizer's New York headquarters, Ullico is said to have loaned $210 million for a Manhattan office property, and a ReBuild America venture is said to have picked up two Florida affordable housing complexes for $21.7 million
The Senate Judiciary Committee has already begun what will be a lot of heavy lifting to get ready for a confirmation hearing on U.S. Supreme Court nominee Brett Kavanaugh, which could come before September, by staffing up and preparing to review hundreds of thousands of documents.
U.S. Supreme Court nominee Brett Kavanaugh's record on immigration, employee rights and health care suggests he could side more closely with high court conservatives than civil rights advocates would like, paving the way for closely watched rulings on some of the nation's most controversial issues.
Deutsche Bank has agreed on the cusp of trial to settle an Employee Retirement Income Security Act class action alleging it shortchanged workers by funneling their retirement savings into funds that paid the bank exorbitant fees, documents filed in New York federal court show.
The U.S. Senate voted on Wednesday 51-48 to confirm Brian Benczkowski's nomination as head of the Department of Justice's criminal division, despite Democratic senators' concerns about his work at Kirkland & Ellis LLP for a Russian bank and lack of experience in public criminal cases.
Deutsche Bank AG's former U.S. head of global transaction banking and the former Clearing House Association president has joined White & Case LLP as a partner.
A California appeals court on Tuesday said Gov. Jerry Brown and his government must immediately put $331 million back into a mortgage settlement fund paid by Bank of America Corp., Citigroup Inc. and others, issuing a more urgent ruling than the one laid out by the trial court.
In this analysis of disciplinary action trends in the legal industry, Edwards Neils LLC managing member Jean Edwards examines data provided by bar organizations for 17 states and the District of Columbia.
While appealing to voters this election season, attorney general candidates will inevitably target industries with promises of using their state enforcement powers. AGs are also increasingly defining themselves publicly by reacting to the federal government, whether by filing a lawsuit against the president or opposing congressional acts, says Joe Jacquot of Foley & Lardner LLP.
Although data sharing via application programming interfaces is not mandated in the U.S. as it is in Europe under the new Revised Payment Services Directive, financial institutions that do not embrace it risk being left behind in terms of both technology and partnerships, say Erin Fonte and Brenna McGee of Dykema Gossett PLLC.
With law firms increasingly exposed to professional liability risks associated with their corporate client relationships, firms must craft well-structured client engagement letters to help protect against malpractice claims. Two key elements of an engagement letter are how it defines the scope of engagement and how it handles conflicts of interest, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Today, members of Congress often seem able to blame colleagues of the other party for not getting anything done for their constituents. In law practice, you can’t really blame a bad result for your clients on the lawyers on the other side, says former Sen. Joe Lieberman, D-Conn., of Kasowitz Benson Torres LLP.
Assuming that initial coin offerings are securities offerings, issuers must register them with the U.S. Securities and Exchange Commission unless they rely on an exemption from registration. Among the available exemptions from registration, three look well-suited for ICOs, say members of Bates White LLC and Quinn Emanuel Urquhart & Sullivan LLP.
Corporate law departments are increasingly demanding more concessions from outside legal counsel, and presenting engagement letters that open the door to greater professional and cyber liability exposure for law firms — often beyond the scope of their insurance coverage. Firms must add their own language to engagement letters to limit liability, say Stuart Pattison and John Muller of Sompo International Holdings Ltd.
Because of the U.S. Supreme Court’s decision in Lucia, the U.S. Securities and Exchange Commission will have to redo a series of administrative cases, potentially straining resources and possibly prompting the agency to tap new administrative law judges, says Daniel Walfish of Walfish & Fissell LLP.
Being a former member of Congress put me in an advantageous position when I approached law firms in the late '70s, at a time when there were few female lawyers, and even fewer African-American lawyers, in major law firms, says former Rep. Yvonne B. Burke, D-Calif., a director of Amtrak.
Following the Government Accountability Office's determination that the Interagency Guidance on Leveraged Lending did not comply with the Congressional Review Act, it would appear that the binding nature of the Office of the Comptroller of the Currency's handbook for oil and gas reserve-based loans should be similarly questioned, says Buddy Clark of Haynes and Boone LLP.