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April 09, 2026
PNC Bank told the U.S. Supreme Court to leave untouched a Federal Circuit ruling that nixed a set of $223 million patent infringement verdicts in suits brought by the United Services Automobile Association, saying USAA's patents were "plainly directed to an abstract idea" not eligible for patent protection.
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April 09, 2026
The Fifth Circuit revived a suit by an insurer's owner alleging that its broker failed to administer its reinsurance program properly, leading to over $100 million in losses when it discovered the program lacked a valid line of credit.
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April 08, 2026
California's financial services regulator has been hit with a proposed class action that seeks to recoup potentially millions of dollars for debt collectors in the state over claims the agency is unlawfully charging inflated fees to license and oversee them.
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April 08, 2026
The D.C. Circuit Wednesday shot down Anthropic's request for an emergency order temporarily barring the U.S. Department of Defense from designating the artificial intelligence company as a national security risk while Anthropic's appeal plays out, although it agreed to expedite the appeal.
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April 08, 2026
Portland, Oregon-based cannabis company Killa Bees Distribution LLC has secured a default judgment against a now defunct cannabis industry-focused "neobank," which failed to return more than $126,000, according to a federal judge's order, but the case may be far from over.
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April 08, 2026
A New Jersey appellate court panel on Wednesday affirmed a ruling that the board of a savings-and-loan bank improperly adopted a plan to convert into a mutual savings bank to block an activist investor from gaining board seats.
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April 08, 2026
President Donald Trump on Wednesday asked New York's highest court to throw out New York Attorney General Letitia James' "deeply flawed" civil fraud judgment entirely after a lower appellate court tossed what it called an "excessive" $489 million penalty against the president, his sons and his real estate companies.
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April 08, 2026
The U.S. Department of the Treasury's Financial Crimes Enforcement Network and Office of Foreign Assets Control issued a joint proposed rule Wednesday to implement the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.
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April 08, 2026
Economists to President Donald Trump said Wednesday that banning cryptocurrency exchanges from paying stablecoin rewards or yield would "do very little to protect bank lending" and leave consumers worse off, findings that come amid a contentious push to tighten yield restrictions.
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April 08, 2026
A group of service members urged a North Carolina federal court to keep in its sights claims that Citibank NA proffered misleading information about credit card account interest and fees, arguing a recent arbitration order erodes safeguards baked into the Military Lending Act.
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April 08, 2026
A New Jersey state appeals court on Wednesday backed a lower court's holding that TD Bank does not have to produce information it's seeking to shield from a whistleblower, finding that the disclosure of the information would have violated federal law.
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April 08, 2026
The U.S. Securities and Exchange Commission announced Wednesday that it has appointed a Gibson Dunn & Crutcher LLP partner and former senior enforcement attorney to serve as director of the agency's Division of Enforcement, following the abrupt resignation of the most recent director.
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April 07, 2026
Federal regulators on Tuesday unveiled plans to overhaul rules that require banks and other institutions to maintain programs for detecting and preventing illicit financial activity, advancing a Trump administration push to streamline anti-money laundering compliance.
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April 07, 2026
The Ninth Circuit held Monday that a district court's award of $8.7 million in fees and expenses to attorneys representing a whistleblower who claimed Academy Mortgage submitted false insurance claims was too high, saying the case is not "exceptional," and the court didn't justify its lodestar multiplier of 1.75.
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April 07, 2026
A JPMorgan Chase & Co. subsidiary has agreed to pay a $3.25 million fine to end Financial Industry Regulatory Authority claims that it failed to take action on red flags raised over a registered representative's inappropriate and risky investment strategy recommendations that preceded significant customer losses.
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April 07, 2026
TD Bank has asked a Connecticut state court judge to strike a contracting company's claims that the bank should face liability after the company sent $1.1 million to a scammer, pointing out in its filings that the company's own representative handed over TD Bank login credentials to the fraudster.
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April 07, 2026
The Federal Deposit Insurance Corporation on Tuesday floated stablecoin rules that would limit the extent of deposit insurance for holders of such tokens and ban certain interest-bearing arrangements with restrictions similar to a recent proposal from its sister banking regulator.
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April 07, 2026
A pair of special purpose acquisition companies, private credit-focused ACP Holdings Acquisition and advanced technology-focused Apogee Acquisition, began trading publicly Tuesday after raising a combined $350 million in their initial public offerings.
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April 07, 2026
A former Firstrust Savings Bank worker adequately supported his claims that employees lost millions because they had to invest a portion of their savings in the bank's underperforming proprietary fund, a Pennsylvania federal judge ruled, denying the bank's motion to dismiss the proposed Employee Retirement Income Security Act class action.
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April 07, 2026
A federal judge rejected a motion to dismiss the insider trading prosecution of a Garden State broker-dealer's ex-partner, ruling that questions about the leadership of the U.S. attorney's office in New Jersey, including findings that prior supervisory appointments were unlawful, do not taint the indictment or require disqualification of the case prosecutors.
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April 07, 2026
Private equity giant Blackstone, advised by Kirkland & Ellis LLP, on Tuesday revealed it wrapped fundraising on its fifth opportunistic private credit fund after securing over $10 billion in investable capital, marking the firm's largest such fund to date.
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April 07, 2026
BakerHostetler announced Tuesday it has welcomed data privacy litigator Spencer Persson from Davis Wright Tremaine to its digital assets and data management practice group as partner, bringing in years of experience handling high-stakes privacy matters that will beef up the firm's privacy and digital risk class action and litigation team.
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April 07, 2026
Womble Bond Dickinson has added a trio of attorneys to its finance, bankruptcy and restructuring practice in Florida from Burr & Forman LLP.
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April 06, 2026
Illinois Attorney General Kwame Raoul has urged the Seventh Circuit to rule that his state may fully enforce its Interchange Fee Prohibition Act against national banks and other financial institutions, defending its ban on tax-and-tip swipe fees amid a banking industry appeal.
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April 06, 2026
The head of the nation's largest bank on Monday raised doubts about the Trump administration's plan to overhaul bank capital rules, casting it as an improvement on a Biden-era draft while saying it still includes some "frankly nonsensical" aspects.