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April 28, 2026
The Seventh Circuit has upheld a six-year prison sentence for a financial controller on charges he defrauded two banks and caused more than $7 million in losses, backing a sentencing enhancement for his supervisory role in the scheme because he was "more than a conduit or middleman" and "actively planned, coordinated and concealed the fraud."
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April 28, 2026
Wells Fargo told a California federal court a former employee's suit alleging he was retaliated against for challenging what he described as the bank's fake commitment to diverse hiring should be tossed or transferred to Florida because it is "a plain and obvious case of disfavored forum shopping."
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April 28, 2026
A Manhattan federal judge on Tuesday hit an Argentinian businessman with ties to the family that created jewelry giant Cartier with an eight-year prison sentence, after he admitted lying to banks as his cryptocurrency exchange laundered narcotics proceeds.
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April 28, 2026
A California federal judge tossed most of a proposed class action accusing Wells Fargo of saddling homeowners with unjustified fees by running an automated mortgage loan loss mitigation and remediation process, dismissing the suit's unjust enrichment and consumer protection claims.
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April 28, 2026
An Illinois federal judge has said she won't toss a claim brought by shareholders alleging a former Walgreens president made a false and misleading statement during an investor conference, rejecting the company's argument that an audio recording of that conference warranted a second look at her dismissal ruling.
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April 28, 2026
A New Jersey federal judge has thrown out a former Citigroup employee's trade secret suit claiming the bank wrongly used an investment banking presentation he made to a former colleague, but gave him a chance to amend the case.
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April 28, 2026
A New York homeowner has hit solar energy company Attyx LLC and its lending partners with a proposed class action over an alleged deceptive financing scheme, echoing claims already brought by the state's attorney general that alleged hundreds of millions of dollars in potential consumer harm.
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April 28, 2026
A proposed class of homebuyers fought back against Rocket Companies Inc.'s attempt to escape antitrust claims, arguing that the mortgage lender's dismissal bid "relies on rhetoric and spin that does not comport with reality."
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April 28, 2026
When the U.S. Supreme Court hears arguments Wednesday in a patent case involving "skinny labels" on generic drugs, a longtime patent attorney as well as a government attorney who often handles intellectual property cases will face an appellate specialist who has argued many high court cases.
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April 28, 2026
Sidley Austin LLP has hired a Davis Polk & Wardwell LLP sponsor finance counsel to its Washington, D.C., team who has about 20 years of experience working with a range of financial entities on transactional matters.
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April 29, 2026
With spring homebuying season in full swing, policymakers are pushing proposals aimed at expanding affordable housing. Law360 Real Estate Authority delves into these federal and localized developments, breaking down the contents of the proposals and how real estate attorneys are responding.
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April 27, 2026
A former Sullivan & Cromwell attorney is returning to the firm after five years in the public sector working for the U.S. Department of Justice's criminal division, where he prosecuted high-profile insider trading cases and secured convictions for two former Merrill Lynch traders accused of manipulating the precious metals market.
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April 27, 2026
Counsel in a class action against Interactive Brokers LLC over allegedly faulty algorithms asked a federal judge to award about $1.65 million in attorney fees and $1.63 million in litigation expenses and approve a settlement worth $6.8 million.
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April 27, 2026
Acting U.S. Attorney General Todd Blanche on Monday reiterated his commitment to his April 2025 directive instructing U.S. Department of Justice staff to focus their resources on bad actors rather than the creators of the crypto tools they use, saying attorneys representing crypto software developers "should feel very comfortable communicating" with his office to ensure prosecutors comply with the memo.
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April 27, 2026
The Federal Reserve has dug in on its stance that a former Wells Fargo anti-money laundering executive is not entitled to a "golden parachute" payout of over $450,000, telling a California federal court he still can't back his attempt to redistribute the blame.
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April 27, 2026
The U.S. Department of Justice has charged two Chinese nationals with wire fraud as part of an effort to combat Southeast Asian scam centers that have defrauded Americans of billions of dollars.
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April 27, 2026
New Jersey Supreme Court justices on Monday appeared skeptical of arguments by a group of major banks that a 2023 amendment to the state's False Claims Act is a substantive change that cannot be applied retroactively to long-running litigation over alleged bond-rate manipulation.
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April 27, 2026
A former University of Alabama football player admitted in Georgia federal court Monday to obtaining nearly $20 million in bogus loans by using wigs, makeup and forged documents to impersonate several National Football League players.
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April 27, 2026
Deutsche Bank AG continues to falsely claim that Alexander Vik did not own disputed shares in a Norwegian software company at the time of a forced sale that pulled in $65 million, and it must turn over the proceeds, the billionaire and his daughter told a Connecticut state court.
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April 27, 2026
The Office of the Comptroller of the Currency has moved to block Illinois from enforcing its landmark swipe-fee law against national banks, issuing emergency rules that open a new front in an ongoing battle over the state's effort to curb merchant payment-processing costs.
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April 27, 2026
A Michigan federal judge Monday granted Flagstar Bank's bid for summary judgment on liability for its civil conspiracy claim against a former executive of reverse-mortgage company Live Well, finding his guilty plea admissions in a related criminal case established that he joined a scheme to mislead lenders through inflated bond valuations.
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April 27, 2026
The U.S. Supreme Court on Monday declined to review the conviction of Live Well Financial founder Michael Hild for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it.
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April 27, 2026
The U.S. Supreme Court declined Monday to review the Second Circuit's finding that a Lebanese bank is subject to the personal jurisdiction of New York courts on claims over alleged assistance to Hezbollah by a bank it acquired, a case the Lebanese bank had argued raises due process questions.
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April 24, 2026
A French water treatment company petitioned a Washington, D.C., federal judge to enforce its 12-year-old, roughly $40 million arbitral award against Argentina in a dispute about the province of Mendoza, Argentina's implementation of service tariff increases during the country's financial crisis in the early 2000s.
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April 24, 2026
Bankers are pleased that the Federal Communications Commission is floating the idea of imposing "know your customer" rules on originating telecom providers and finding those that don't comply, since bank numbers are often among those most "spoofed" by bad actors.