Banking

  • September 08, 2026

    Binance Seeks Dismissal Of Terrorist Attack Victims' Suit

    Binance and its former CEO pushed a federal judge in Manhattan to dismiss a lawsuit claiming the cryptocurrency exchange aided and abetted 30 terrorist attacks, saying the plaintiffs still couldn't plausibly allege that the company provided knowing and substantial assistance to foreign terrorist organizations.

  • September 08, 2026

    Biz Groups Ask 8th Circ. To Nix Wells Fargo ERISA Suit

    The U.S. Chamber of Commerce and two benefit advocacy groups urged the Eighth Circuit to back the dismissal of a suit claiming Wells Fargo allowed a pharmacy benefit manager to overcharge workers for generic drugs, arguing that employers shouldn't be penalized for general gripes about healthcare costs.

  • September 08, 2026

    Humboldt To Pay FTC $12M Over 'Sham' Merchant Payment Biz

    Payment processing company Humboldt Merchant Services has agreed to pay $12 million and be permanently banned from processing payments for merchants with a higher risk of fraud to resolve Federal Trade Commission claims that it processed payments for more than 1,000 merchants that defrauded customers.

  • September 08, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week saw disputes involving a former NFL star and a $2.5 million solar venture, Morgan Stanley's role in Fox Corp.'s planned $22 billion acquisition of Roku Inc., and JPMorgan Chase & Co.'s effort to pause more than $20 million in legal-fee payments to former Frank executives.

  • September 08, 2026

    Fla. Firm Trenam Law Faces DQ Bid In Trade Secrets Case

    Trenam Law is facing a disqualification bid in Florida federal court from Climate First Bank and other defendants seeking to push the firm out of a trade secrets case because it previously represented the bank in loan transactions and related banking matters.

  • September 08, 2026

    Weil Welcomes Back Freshfields' Private Credit Co-Leader

    Weil announced Tuesday that the co-leader of Freshfields LLP's private credit and capital solutions practice has returned to Weil's banking and finance practice, where he worked as a partner from 2014 to 2023.

  • September 08, 2026

    Wachtell, Simpson Thacher Guide $3.9B EverBank, WaFd Deal

    EverBank Financial Corp. and WaFd Inc. have agreed to combine through a $3.9 billion reverse merger, in a deal steered by Wachtell Lipton Rosen & Katz and Simpson Thacher & Bartlett LLP. 

  • September 04, 2026

    NY Huawei Case Roars To Life With Historic Corp. RICO Trial

    The sprawling racketeering case against Huawei Technologies Co. Ltd. has faded from the spotlight in recent years, but the Chinese telecommunications giant has bucked convention by proceeding to a historic criminal trial over accusations of rampant intellectual property theft, sanctions violations and brazen lies to banks and U.S. officials about its business practices.

  • September 04, 2026

    SEC Fines Ex-Bancorp CFO Over Improper Annual Report

    The Bancorp Inc.'s former chief financial officer will pay $30,000 to settle allegations from the U.S. Securities and Exchange Commission that he filed an annual report with purported audit opinions on the firm's financial statements despite knowing the auditors hadn't provided their final approval for the statements.

  • September 04, 2026

    Nuvei To Pay $4.85M Over FTC Tech Support Scam Claims

    Payment processing firm Nuvei Corp. has agreed to pay $4.85 million to settle Federal Trade Commission claims that it helped facilitate tech support scams that bilked consumers out of millions of dollars, the FTC announced Friday in a settlement that its commissioners said articulated for the first time what it must prove to bring these kinds of cases.

  • September 04, 2026

    Receiver Needed For Apt. After $170M Default, Lender Says

    A commercial lender asked a Colorado state judge Thursday to issue an ex parte appointment of a receiver over a Denver property, saying the borrower defaulted on a $170 million commercial mortgage loan.

  • September 04, 2026

    Fintech Lender Escapes 'Bait-And-Switch' Suit In NC Court

    Fintech company Figure Lending LLC has escaped a consumer's proposed class action over the alleged false marketing of its loans, with a federal judge ruling the plaintiff did not show the North Carolina court has subject matter jurisdiction over the claims.

  • September 04, 2026

    Oschadbank Denies Forum Shopping In $1.1B Award Suit

    Ukrainian state-owned Oschadbank is urging a New York federal court not to toss its lawsuit aimed at enforcing a nearly 8-year-old, $1.1 billion arbitral award against Russia over the seizure of its Crimean assets via a French judgment, pushing back against the Kremlin's allegations of forum shopping.

  • September 04, 2026

    Fed Drops Crypto-Linked AML Action Against Texas Bank

    The Federal Reserve dropped enforcement actions Friday against United Texas Bank and Quontic Bank Acquisition Corp., the former of which had focused on alleged deficiencies in the bank's risk management and anti-money laundering procedures related to the bank's crypto customers.

  • September 04, 2026

    Chrisleys Fight Balch & Bingham's Bid To Ax Malpractice Suit

    Reality television stars Todd and Julie Chrisley asked a Georgia federal judge on Friday to reject an attempt by their former attorneys to dismiss a legal malpractice lawsuit that claims a critical pretrial mistake allowed evidence obtained through an unlawful search to be used against them at their criminal trial.

  • September 04, 2026

    Former Weil Private Funds Co-Head Joins Simpson Thacher

    The former co-head of U.S. private funds at Weil Gotshal & Manges LLP will be making the jump to Simpson Thacher & Bartlett LLP as a partner in the firm's investment funds practice.

  • September 04, 2026

    3rd Circ. Revives Malpractice Claim Against Kirkland Atty

    A New Jersey divorcee may once again pursue a legal malpractice claim against a Kirkland & Ellis LLP attorney who she said lost her millions by mishandling estate documents, after the Third Circuit found it could be possible to link her alleged damages to the lawyer's work.

  • September 03, 2026

    GAO Flags Bank Disclosure Review Gaps After 2023 Failures

    The U.S. Government Accountability Office urged Congress Thursday to consider closing a gap that allows certain publicly traded banks to not make the same type of investor disclosures as banks whose investor filings are reviewed by the U.S. Securities and Exchange Commission, pointing to the bank failures of 2023 as a reason why.

  • September 03, 2026

    SEC Moves To Scrap 'Pay-To-Play' Political Donation Rule

    The U.S. Securities and Exchange Commission on Thursday issued a proposal to rescind a rule regarding political contributions made by investment advisers, which agency Chair Paul Atkins called "overly prescriptive."

  • September 03, 2026

    OCC Gives Initial Nods To Digital Banks Revolut, OpenReserve

    The Office of the Comptroller of the Currency preliminarily approved charter applications from European digital bank Revolut and blockchain-based bank OpenReserve to establish national banks in the United States.

  • September 03, 2026

    Mortgage Co. Must Face Consumer Claims Over Dispute Flags

    An Illinois federal judge has rejected requests from mortgage servicer Dovenmuehle Mortgage Inc. and a consumer leading a proposed class action accusing it of sending inaccurate payment history information to consumer reporting agencies, saying neither summary judgment for the servicer nor class certification are appropriate at this time.

  • September 03, 2026

    1st Circ. Orders Redo In Puerto Rico Hospital Loan Fight

    The First Circuit revived hospital Instituto Medico Del Norte's Chapter 11 lawsuit against a lender, remanding the case after it "struggled to make sense" of a Puerto Rico bankruptcy judge's decision to dismiss the litigation.

  • September 03, 2026

    CFTC Says CME Perps Fight Is 'Much Ado About Nothing'

    The U.S. Commodity Futures Trading Commission told a D.C. federal judge that the Chicago Mercantile Exchange's suit over the agency's approval of Kalshi's bitcoin perpetual futures contract is "much ado about nothing" since the derivatives exchange is free to list its own version of the product.

  • September 03, 2026

    Boutique Firms Emerge As Trump Admin's 'Achilles' Heel'

    Less fearful of retribution than some of their BigLaw counterparts, small law firms are taking on an outsize role handling cases seen as adversarial to the Trump administration.

  • September 02, 2026

    Banks Can Discuss Fraud Without Disclosing SARs

    The U.S. Department of the Treasury's financial crimes unit and other financial regulators said Wednesday that banks can communicate with customers who are the subject of suspicious activity reports about potential underlying fraud so long as they don't reveal the existence of the report.

Expert Analysis

  • Series

    Judges On AI: Examining Administrative, Organizational Uses

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    U.S. District Judge Alan Albright of the Western District of Texas examines how artificial intelligence could transform a court's ability to deal with administrative work and organize materials when preparing for hearings or drafting opinions, thereby affording judges more time to resolve contested issues.

  • From Order To Regulation: How EOs Are Reshaping Banking

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    The pattern of regulatory activity emerging in the wake of the Trump administration's first 18 months of executive orders makes clear that financial institutions should treat presidential directives as early warning signs and not wait for final rules to assess the accompanying compliance impact, says Jonathan Kolodziej at Bradley.

  • How 9th Circ. 'Shadow Trading' Case May Affect Private Credit

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    Private credit firms should not wait for a result in the Ninth Circuit appeal in U.S. Securities and Exchange Commission v. Panuwat to address material nonpublic information exposure under existing statutes and take steps to ensure their internal policies and surveillance are ready for increased regulatory scrutiny, says Steve Brown at StarCompliance.

  • 4 Cert. Denials Keep Personal Jurisdiction Issues Percolating

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    After the U.S. Supreme Court's decisions in Ford Motor v. Montana and Mallory v. Norfolk Southern Railway expanded limits on personal jurisdiction, the justices' denials this term of four certiorari petitions suggest they are content to let jurisdiction questions brew in lower courts before weighing in, say attorneys at Hunton.

  • CFPB Fair Lending Litigation Reveals Compliance Complexity

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    A recent legal challenge to the Consumer Financial Protection Bureau's fair lending amendments underscores continuing uncertainty over disparate impact liability, discouragement standards and special purpose credit programs, signaling that financial services providers should avoid hasty compliance changes, say attorneys at Weiner Brodsky.

  • FDIC Proposals Mark Pullback In Bank Resolution Rules

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    A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolution-related capabilities from a mandatory exercise to a voluntary one supported by significant financial incentives, amounting to an overall reduction in reporting requirements, say attorneys at Moore & Van Allen.

  • Series

    Being A Singer Makes Me A Better Lawyer

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    Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.

  • $400M Serta Ruling Offers Warning On Uptier Deal Risks

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    A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and awarded $400 million to the minority lenders, demonstrates why deal counsel negotiating similar agreements should clearly define exceptions and lien subordination, while litigators should lean on express terms, says Jamie Aycock at Yetter Coleman.

  • Immigration Order Raises Customer ID Stakes For Banks

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    Following a recently issued immigration-related executive order, financial institutions should expect and prepare for increased scrutiny of customer due diligence and identification, suspicious activity monitoring, and consumer lending, as well as accompanying supervisory shifts and rising fair lending risks, says Douglas Weissinger at Butler Snow.

  • How 2nd Circ. Raised The Bar For Pleading Securities Fraud

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    In Huey v. Anavex, the Second Circuit recently appeared to increase the burden on securities fraud plaintiffs in pleading loss causation where no immediate share price decline follows the corrective disclosure, generating new questions that district courts must grapple with, say attorneys at Skadden.

  • Navigating OFAC's 50% Rule For Cross-Border Exec Mobility

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    A recent Office of Foreign Assets Control guide signals that its 50% ownership rule can determine not only sanctions compliance but also whether a company can sponsor multinational executives for immigration, highlighting an often overlooked interaction between sanctions and immigration law, says Xuan Zhang at Reid & Wise.

  • Trade Secret Practice Tips From The 1st Half Of 2026

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    Intellectual property attorneys should consider what several significant developments in 2026 thus far mean for how they protect, litigate and value trade secrets, focusing on new state noncompete bans, cases scrutinizing how plaintiffs identify trade secrets and federal rulings on damages doctrines, say attorneys at Faegre Drinker.

  • Yellow Corp. WARN Act Appeal Refines Layoff Guidance

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    A Delaware federal court's recent upholding of a bankruptcy court's disallowance of unions' federal Worker Adjustment and Retraining Notification Act claims against Yellow underscores that fact-specific notices and thoughtful timing are essential for distressed companies implementing layoffs, say attorneys at King & Spalding.

  • High Court Rulings Could Alter Agency Strategy For Cos.

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    The U.S. Supreme Court's recent decisions in Trump v. Slaughter and Trump v. Cook mark major turning points in the law of independent agencies and in how regulated companies should think about federal enforcement, rulemaking and agency-facing strategy, say attorneys at Holtzman Vogel.

  • How CME Suit May Reshape CFTC's Crypto Derivatives Rules

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    CME Group's recent lawsuit over the U.S. Commodity Futures Trading Commission's approval of a Kalshi application to offer a bitcoin perpetual contract as a futures product could have cascading consequences for crypto derivatives regulation, highlighting why policy ambitions do not override statutory text or substitute for reasoned decision-making, says attorney Tamara de Silva.

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