The liquidating trustee for Stillwater Asset Backed Offshore Fund Ltd. asked the Second Circuit on Monday to undo lower court rulings that the foreclosure of a Georgia property Stillwater had an interest in after the fund filed for bankruptcy was not subject to an automatic stay.
Morgan Stanley is reportedly taking another roughly 50,000 square feet at Willis Tower in Chicago, Bank of America is said to have upped its loans at two Florida multifamily properties, and Sioni Group is reportedly buying an office building in New York from a JPMorgan Chase venture for roughly $105 million.
President Donald Trump has picked the co-chair of the futures and derivatives practice at WilmerHale to serve on the U.S. Commodity Futures Trading Commission, the White House announced Monday.
The former managing partner of Freshfields Bruckhaus Deringer LLP’s Paris office has made the jump to Jones Day, bolstering the firm’s global disputes practice in Europe with his background in handling litigation and arbitration in a variety of industries, including banking, energy, life sciences, transportation, media and telecom and construction.
Crédit Agricole Corporate and Investment Bank urged a Florida federal court on Friday to deny a preemptive bid by two Brazilian nationals and their companies to stop an arbitrator from awarding the French bank attorneys' fees in a dispute relating to more than $9 million in soured offshore investments.
Bank of America on Friday petitioned the Ninth Circuit for an en banc review of a panel decision finding that the National Bank Act does not preempt a California state escrow interest law, saying the decision constitutes a “drastic change in the law.”
Former Barclays PLC and Deutsche Bank AG traders accused of conspiracy to defraud left their “moral compass” at the door when they took part in an alleged plot to rig benchmark interest rates, prosecutors for Britain’s Serious Fraud Office said at a London court Monday.
The annual Law360 400 ranks the largest U.S.-based law firms and vereins with a U.S. component by domestic attorney headcount.
These firms saw double-digit growth in 2017 — one hire at a time. Here, their leaders tell Law360 of their varied approaches to attracting top talent.
The biggest of BigLaw are widening the gap between themselves and their rivals, as firms of all sizes grapple with fluctuating demand and seek out their place in the legal landscape.
West Virginia's attorney general on Thursday became the latest state prosecutor to go after Equifax for a massive data breach that impacted more than 148 million consumers' personal information, lodging a suit faulting the company for failing to adequately secure its systems and flubbing the breach notification and response processes.
The last week has seen Libya's sovereign wealth fund launch a fraud suit against JPMorgan, shippers sue a specialty underwriter, and the arrival of a UBS case against an Indian beverage magnate fighting extradition to face charges related to the collapse of his airline. Here, Law360 looks at those and other new claims in the U.K.
The Consumer Financial Protection Bureau argued before a California federal judge Friday that its three-year statute of limitations for bringing enforcement actions does not bar all its claims against two attorneys and their law firms for allegedly charging illegal upfront fees for debt-relief services.
Goldman Sachs urged a New York federal judge on Friday to reject a certification bid by a proposed class of shareholders who claim the bank’s misrepresentations caused its stock to drop, arguing that the statements didn't impact the stock's value based on the Second Circuit's “preponderance of evidence” standard.
Two people charged with recruiting investors in a supposed economic development scheme that they claimed was backed by the New York Federal Reserve pled guilty to conspiracy to commit wire fraud in Manhattan federal court Friday and face up to three and a half years in prison.
A Russian national was ordered Thursday to pay $302 million in restitution to five corporate victims after he copped to his role in what officials have dubbed one of the world’s largest data breaches that targeted Nasdaq, Dow Jones Inc. and a slew of other companies, according to documents filed in New Jersey federal court.
Mayer Brown on Thursday welcomed a former Jones Day attorney to its Chicago office to add to its global private credit group as a banking and finance partner, the firm announced this week.
Eight firms will guide companies planning initial public offerings that are projected to raise more than $2.6 billion during the week of April 16, representing a sharp acceleration in IPO activity despite continued market volatility.
In this monthly series, legal recruiting experts at Major Lindsey & Africa interview law firm management about navigating an increasingly competitive business environment. Here we feature Gillian Ward, chief marketing officer at Baker Botts LLP.
Renwick Haddow, a British businessman wanted in the U.S. for an alleged $37 million online bitcoin scam, was jailed Friday after he was arrested in Morocco in July and brought to New York City Thursday evening.
U.S. taxpayers with undisclosed foreign accounts need to act soon as the IRS is ending its offshore voluntary disclosure program in six months, says Glen Frost of American Citizens Abroad.
Since passage of the Trump tax plan last year, companies have been touting bonuses they’ve handed down to rank-and-file employees. This highlights the trend of employers favoring bonuses over pay raises in the belief that variable, short-term rewards are less risky to the business than permanent increases in labor costs. But law firms have used this strategy for years — and there are dangers, says Michael Moradzadeh of Rimon PC.
A Colorado federal court's recent decision in Meade v. Avant strikes another blow against many financial technology firms by limiting the valid-when-made doctrine, which provides that a loan that is valid when it's made does not become invalid when it's sold or assigned to a third party, say Timothy Butler and Chelsea Lamb of Troutman Sanders LLP.
Over the past few years, forward-thinking law firms have expanded their talent pools to include a chief innovation officer, whose responsibilities include spearheading the implementation of technology. It is a smart move, says Mark Williamson, co-founder and chief technology officer at Hanzo Archives Ltd.
For both consumer protection and political reasons, state attorneys general desperately want to assist constituents who have taken out federal student loans and are now struggling with repayment. However, state AGs will undoubtedly fail in the courtroom if they attempt to do so through litigation, say attorneys with Buckley Sandler LLP.
Tax reform's expansion of the controlled foreign corporation rules — which have affected many foreign corporations not previously categorized as CFCs — have prompted U.S. persons who directly or indirectly own interests in these corporations to question whether they are subject to further annual income inclusions. David Dreier and Grayson Weeks of White & Case LLP deconstruct the new tax regime.
Insurers should watch the proposed State Insurance Regulation Preservation Act closely as they navigate shifting regulatory waters. This bill would essentially cede major aspects of group regulation to state regulators and the National Association of Insurance Commissioners, says Daniel Rabinowitz of Kramer Levin Naftalis & Frankel LLP.
A year after President Donald Trump withdrew the U.S. from the Trans-Pacific Partnership, the remaining TPP countries have signed a revised agreement among themselves, and U.S. exporters may pay a heavy price. Now is the time for industries with the most to lose to push for a U.S. return to the TPP, says Christopher Corr of White & Case LLP.
Attorneys from Mayer Brown International LLP discuss the impact of the tax overhaul on leveraged lending transactions focusing on Section 956, the limitation on interest deduction and pass-through entities.
Just last month, a number of legal groups asked the Northern District of California to strike its rule requiring that, before seeking federal court admission, attorneys first be licensed by the state of California. It is irrational to exclude seasoned federal practitioners from general admission due to state bar approval while allowing raw state lawyers who have never been inside a federal courtroom, says attorney EJ Hurst.