The past week in London has seen a patent holding company sue Apple, a German financial planner take retailer Boots to court over debt, and a jailed legal adviser to an Emirati state-run fund take aim at Dechert LLP and the head of its white collar team. Here, Law360 looks at those and other new claims in the U.K.
A former J.P. Morgan Asset Management compliance manager and one-time state of Ohio enforcement attorney has been appointed chief compliance officer at Core Real Estate Capital, or CREC, amid what company executives on Thursday told Law360 is an increasingly complex regulatory environment.
The Office of Foreign Assets Control on Thursday sanctioned four people accused of attempting to influence the upcoming U.S. presidential election on behalf of Russia, including a member of the Ukrainian parliament and a cybercrime suspect.
A California federal judge Wednesday approved a settlement between the Federal Trade Commission and five people accused of posing as federal loan servicers in a yearslong student loan scam that allows the alleged scammers to only pay back a small portion of the $43 million they're accused of pocketing from victims.
Tiffany & Co. says luxury goods conglomerate LVMH can't point to COVID-19 to ditch its $16.2 billion acquisition of the jeweler, Princess Cruise Lines opposes certification of a class of customers suing over its virus response, and court battles continue over a growing push for mail-in voting during the pandemic.
Acting Comptroller of the Currency Brian Brooks has expressed a desire to wrap payments companies into the federal regulatory framework, and while the effort has been lauded as a move to ease compliance costs, state regulators appear prepared to fight to protect their oversight of the industry.
Current and former in-house lawyers for six big banks do not have to sit for depositions, a Manhattan federal judge said Thursday, after counsel for foreign currency buyers who say the financial giants rigged prices asserted that the banks had not turned over important information.
A New York federal judge rejected a bid from Turkey's Halkbank to pause the government's case over alleged Iran sanctions violations while the bank appeals its failed motion to recuse the judge, saying Thursday that its petition was unlikely to succeed.
NFL player Josh Bellamy was charged Thursday for allegedly participating in a scheme that sought to fraudulently obtain $24 million in forgivable loans through the Paycheck Protection Program established as part of the federal government's response to the COVID-19 pandemic.
Bank of the West, a subsidiary of BNP Paribas, has hired financial services industry veteran Hope Mehlman as general counsel and corporate secretary, the bank announced Thursday.
The U.S. Commodity Futures Trading Commission issued a new three-page guidance on Thursday that provides a "risk-based" framework for staff to review corporate compliance programs, part of an ongoing campaign from the agency to highlight its efforts to promote the transparency of its examination and enforcement strategies.
Capital One beat back a lawsuit brought by a former branch manager after he failed to show a Maryland federal court that his firing was due to whistleblowing rather than his alleged disregard of anti-money-laundering rules.
The Federal Reserve's Main Street Lending Program is falling short in its mission of providing support for financing to midsized businesses that are struggling during the coronavirus pandemic and needs urgent changes, members of the U.S. Senate Banking Committee heard Wednesday.
A California lawyer pled guilty to fraud and campaign finance charges on Wednesday in two separate cases in D.C. federal court over different multimillion-dollar schemes connected to his employer, payment processor Allied Wallet.
Deutsche Bank Trust Co. America agreed Wednesday to pay $583,100 to resolve the U.S. Department of the Treasury's investigations into the bank's apparent violations of Ukraine-related sanctions, a drop in the bucket compared to the maximum statutory penalty of $75.7 million.
Comptroller of the Currency Brian Brooks reiterated on Wednesday his position that his agency has the authority to charter nondepository payments companies, while the head of New York's financial regulator Linda Lacewell highlighted the importance of states effectively protecting consumers as the two agencies spar over regulatory oversight.
In this edition of Coronavirus Q&A, Ervin Cohen's real estate co-chair discusses the challenges lenders face when it comes to underwriting loans amid the pandemic and also addresses the difficulty of staying on top of the numerous government regulations that vary by location in California.
The Rosen Law Firm PA was tapped on Tuesday to represent a proposed class of Wells Fargo shareholders who claim the bank hurt investors by mismanaging its Paycheck Protection Program lending.
A New York City taxi industry heavyweight on Wednesday admitted to bribing former Melrose Credit Union CEO Alan Kaufman, telling a Manhattan federal judge that he let Kaufman live rent-free in a Long Island home in exchange for favorable terms on millions of dollars of business debt from the now-shuttered institution.
Blockchain startup Ripple Labs Inc. has urged a California federal judge not to dismiss its lawsuit alleging YouTube was "willfully blind" in allowing hackers to impersonate the fintech company and scam viewers out of digital currency.
A California federal judge on Tuesday trimmed claims from a cryptocurrency investor's suit accusing AT&T of failing to protect his personal data before a hack that purportedly cost him $24 million, saying the suit didn't allege the telecom giant had acted with malice.
A Florida federal judge on Tuesday denied International Speedway Corp.'s bid to dismiss a suit from SunTrust Equipment Finance & Leasing Corp. seeking $46 million in payments for solar generator rentals, finding the racetrack owner's arguments to be inaccurate or lacking support.
The trustee for Lehman Brothers Inc. investors told a New York bankruptcy judge Tuesday that $21 million has been tacked on to the $49.2 million pot of money that is expected to be one of the final rounds of cash distributed to the defunct brokerage firm's general unsecured creditors.
California's financial services regulator could soon get an upgrade after state lawmakers passed legislation that would revamp the agency in the image of the Consumer Financial Protection Bureau, signaling an increased focus on fintech in particular.
The owners of the New York Stock Exchange and the Chicago Mercantile Exchange are backing the Chicago Board Options Exchange as it once again tries to ditch an investor suit accusing it of ignoring signs that its volatility index was being manipulated.
A few specific stages of complicated, multimillion-dollar matters — ranging from prefiling to the beginning of trial — present unique opportunities for mediators to persuade the parties to compromise and lay the foundation for settlement, say Robert Fairbank and Kimberly West at Fairbank ADR.
Congress should pass the E-Sign Modernization Act as a first step toward removing the E-Sign Act's burdensome consumer consent requirement for electronic disclosures, but similar state legislation might be needed to ameliorate uncertainty surrounding electronic records, say Brian Casey and Patrick Hatfield at Locke Lord.
Parties and courts using remote videoconferencing should carefully consider how they will preserve a clear record of the proceedings, and the potential impact an official video record may have on appellate review, say Christopher Green and Sara Fish at Fish & Richardson.
A recent appellate argument in the Texas trade secret dispute Title Source v. HouseCanary — that the trial court's inclusion of a single jury question based on two unsupported theories was reversible error — demonstrates how the judicial system, with its layers of safeguards and appellate review, should work, says Derek Dahlgren at Devlin Law Firm.
The New York State Department of Financial Services' recent charges against First American regarding its cybersecurity failures is a warning that regulated companies should brace for potentially heightened enforcement activity and that even strong cybersecurity systems should be reinforced with insurance coverage, say Peter Halprin and Nicolas Pappas at Pasich.
David Slovick and Trace Schmeltz at Barnes & Thornburg parse the U.S. Commodity Futures Trading Commission's and National Futures Association's rules governing derivatives firms' obligation to keep records of promotional materials transmitted by telephone, video and the internet as the pandemic makes electronic communication with clients the new norm.
Law firms can grow revenue during the COVID-19 crisis by facilitating communication among complementary practice groups, soliciting client feedback and engaging in other cross-selling activities that build on existing client bases, says consultant David Freeman.
Despite ongoing messaging from the U.S. Department of Justice and U.S. Securities and Exchange Commission that Foreign Corrupt Practices Act enforcement remains a priority, a review of enforcement data and compliance trends for the year makes clear that the pandemic has slowed the agencies' FCPA activities, say John Davis and Ivo Ivanov at Miller & Chevalier.
The recently broadcast interview of President Donald Trump with Axios political reporter Jonathan Swan provides a dramatic example of how not to answer media questions and presents four lessons to attorneys preparing for press coverage, says Michelle Calcote King at Reputation Ink.
Due to the COVID-19 pandemic, commercial lenders will likely continue to receive a higher volume of requests for forbearances, loan modifications or other accommodations, but this creates an opportunity for the financial institution to make the best of what might otherwise be an unfortunate situation for all parties, say Brian Memory and Jacob Sparks at Spencer Fane.
The proliferation of decentralized finance allows users to lend, earn interest, borrow, exchange or bet on cryptocurrencies, but the applications face legal obstacles, including regulatory, class action and intellectual property litigation risk, says Ali Abugheida at Buckley.
Chicago federal prosecutors' recent argument that the pandemic compels two ex-Deutsche Bank traders to choose between their right to a speedy trial and the right to confront witnesses in person is not only inconsistent with current law but fundamentally unfair, say John Richter and Christina Kung at King & Spalding.
As attorneys and their clients realize it is possible to conduct video depositions just as smoothly as in-person sessions while eliminating travel, catering and other costs, they will likely demand that remote procedures remain in place even after the pandemic is contained, says Darren Goldman at Becker & Poliakoff.
Bo Pearl at Paul Hastings explains how eliminating clunky transitions, mixing in short sentences, and making a few other tweaks can increase the persuasive power of legal briefs.
Lawyers can look to federal district courts' recent virtual proceedings to evaluate whether remote appearances would further their clients' interests in civil lawsuits or if they would impose unfairness and inefficiency, say Christopher Green and Sara Fish at Fish & Richardson.