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.
Segall Gordich PA lost its bid Wednesday to get a cut of legal fees in an investor suit against Bank of America NA over its role in jailed former attorney Scott Rothstein’s $1.2 billion Ponzi scheme when a Florida judge ruled that a retainer agreement with Conrad & Scherer LLP did not cover that litigation.
Public stockholders of student and specialty lender First Marblehead Corp. challenged the company’s roughly $65 million go-private sale in Delaware’s Chancery Court on Wednesday, alleging the 2016 deal was steered by a conflicted controlling group to a company owned by First Marblehead’s second-largest stockholder.
A Fifth Circuit panel reversed a lower court's judgment Wednesday and ruled that one of Stanford International Bank's largest investors cannot retain the $79 million in fraudulent transfers he received after he learned of a regulatory investigation that ultimately revealed the bank was running a Ponzi scheme.
Attorneys asked a Texas federal court on Wednesday to award them $43.45 million in fees for securing $173.8 million total for investors who brought allegations involving a potential foreign bribery scheme by now-bankrupt Cobalt International Energy Inc.
Credit Suisse, Deutsche Bank and Merrill Lynch have settled out of a more than 15-year-old lawsuit brought by a group of investment funds seeking to hold them and others responsible for losses on $120 million of Enron Corp. debt purchased shortly before the energy giant’s 2001 collapse.
A New York bankruptcy judge on Thursday approved $22 million in new debtor-in-possession financing for fashion company Nine West Holdings Inc. after two creditor groups dropped their objections to the proposal.
An investor class that has secured $2.3 billion in settlements over claims that 15 banks plotted to rig benchmarking rates in the foreign exchange markets told a New York federal court that the lone objector to the $300 million attorneys' fees award should have to post bond.
Mobile banking platform N26 on Thursday said its latest funding round had brought in $300 million from investors as the Germany-headquartered company looks to continue its expansion into new markets, especially the U.S.
HSBC Bank PLC has cut a $30 million deal to settle investors’ allegations surrounding a scheme to rig the SSA bond market, and will hand over electronic “chats” to aid the class’ prosecution of remaining banks in the case, according to settlement documents filed in New York federal court on Wednesday.
2018 will be remembered as a transition year for technology-assisted review, and 2019 will likely see a continued focus on how we use TAR, with refinement and expansion across the board, says Thomas Gricks of Catalyst Repository Systems LLC.
Last year saw another round of year-over-year growth in litigation finance, as debates shifted from whether it should be permitted to how it can best be managed. The exciting news, says Alan Guy of Vannin Capital PCC, is that 2019 seems likely to bring more of the same.
As global businesses move more of their data to the cloud, they may be placing it within the U.S. government’s reach. The reason lies with a single phrase from the Clarifying Lawful Overseas Use of Data, or CLOUD, Act, say William Ridgway and Jordan Blain of Skadden Arps Slate Meagher & Flom LLP.
Regulatory agencies have taken the position that banks, unlike all other companies and individuals, do not enjoy the attorney-client privilege. This position is contrary to law and sound public policy, say H. Rodgin Cohen of Sullivan & Cromwell LLP and Stephen Cutler of Simpson Thacher & Bartlett LLP.
Leveraging technology in a fiercely competitive market is a key factor driving law firms toward technology adoption in 2019, as they face growing demand from legal talent and clients for the ability to connect, access and control information whenever and wherever needed, says Tomas Suros of tech provider AbacusNext.
Three key securities cases this year could make it more difficult for investors to rely on the accuracy of corporate representations and hold defendants accountable for deliberately misleading the public, say Douglas Bunch and Alice Buttrick of Cohen Milstein Sellers & Toll PLLC.
Law360 guest authors weighed in on a host of key legal industry issues this year, ranging from in-house tips for success and open secrets about BigLaw diversity to criticisms of the equity partnership and associate salary models. Here are five articles that captured the most attention.
Take a peek behind the scenes of four U.S. Supreme Court cases from 2018, as the attorneys who won them reflect on the challenges they faced and the decisions they made that led to victory.
Now more than ever, receiverships can help troubled enterprises when bankruptcy is not an option. In addition to Ponzi schemes and securities and real estate fraud, receiverships are increasingly used in cryptocurrency matters and cases of EB-5 immigrant investor program fraud, say Ira Bodenstein of Fox Rothschild LLP and Brian Soper of BMS.
The passage of the Foreign Investment Risk Review Modernization Act in August expanded the range of transactions that the Committee on Foreign Investment in the United States is able to review for national security concerns — especially transactions related to China, say attorneys at White & Case LLP.