Cboe Global Markets Inc. is urging an Illinois federal court to deny Chicago Board Options Exchange investors a head start on discovery in multidistrict litigation over alleged manipulation of its volatility index, arguing that their discovery bid goes beyond their claim to need the names of traders who manipulated the index.
The co-founder of a defunct public air charter operator launched her second bid for a new trial in the government's case alleging she and others stole millions of dollars that passengers prepaid for flights, citing "exculpatory documents" that have materialized since she was convicted by a jury.
A Manhattan federal judge hit a convicted fraudster with 12 years in prison Monday for tricking an affiliate of the Industrial and Commercial Bank of China into sending him $4.4 million for an oil and gas venture that turned out to be bogus, calling him an "inveterate con man."
A Nasdaq unit has urged the Patent Trial and Appeal Board to disqualify Fish & Richardson PC from Miami International Holdings Inc.'s challenge of a patent that is related to a lawsuit involving patents the law firm prosecuted for Nasdaq, calling the firm’s attempt to downplay its role in the proceedings “too cute by half.”
A New Jersey state appeals court ruled Monday that Trenk DiPasquale Della Fera & Sodono PC was entitled to unpaid legal fees from a construction business for underlying litigation but not additional attorneys’ fees for the firm’s collection efforts, saying a trial court must re-examine the interest awarded on the outstanding bills.
Two U.S. banks helped process around €200 billion ($230 billion) of suspicious payments through Danske Bank’s small Estonia branch, the whistleblower at the center of the scandal said Monday.
A former Morgan Stanley executive urged a New Jersey federal judge Friday to certify her opinion last month forcing arbitration of his claims he was fired because of past alcohol and drug abuse, a move needed for him to appeal the ruling to the Third Circuit.
Two U.S. labor unions have hit Puerto Rico's government and its federally appointed oversight board with a lawsuit for failing to put the pension deposits for tens of thousands of public employees into proper accounts and instead “stashing” the money in non-interest bearing accounts at a scandal-plagued bank.
The U.S. Securities and Exchange Commission settled two actions involving initial coin offerings Friday by levying its first fines against unregistered ICOs and requiring the companies to properly register the tokens as securities, outlining what the regulator later referred to as “a path to compliance with the federal securities laws going forward.”
Democrats have strengthened their presence in state-level law enforcement after flipping the attorney general's office in several state in the midterm elections, gains that some financial services experts say could make for a tougher enforcement landscape for banks and other financial services firms.
Financial technology startup GreenSky Inc. deceived investors by filing a misleading registration statement with the U.S. Securities and Exchange Commission in its initial public offering, shareholders argued in a proposed class action filed in New York state court that said stock prices tumbled after revised guidance was released months later.
A Minnesota federal judge axed a suit accusing Credit One Bank NA of unlawfully placing 140 debt-collection calls to a phone number it believed belonged to one of its customers, ruling the equipment used to make the calls couldn't be considered an "autodialer" under a recent D.C. Circuit ruling.
The U.K. appears ready to move forward on regulating cryptocurrency-related assets, seeking what some attorneys describe as a measured approach that is likely to expand regulation to protect mom-and-pop investors from dicey crypto-backed investments, while trying to avoid dampening innovation in the underlying technology supporting digital assets.
U.S. Treasury Secretary Steven Mnuchin should not be hindered by Relativity Media’s Chapter 11 case from seeking $207,000 in reimbursement from a directors and officers insurance policy maintained by the studio, a New York bankruptcy judge ruled Friday, saying the former company co-chairman appears covered by the policy.
The U.S. Securities and Exchange Commission fired back at the former CEO of 1 Global Capital LLC’s attempt to “escape the consequences of his actions” on Friday, saying his bid to toss a $287 million fraud suit is based on “inaccurate and incomplete facts, incorrect legal standards and infirm legal arguments.”
First Citizens Bank & Trust Co. on Friday said it will pay $115 million to acquire Biscayne Bancshares Inc., allowing the Raleigh, North Carolina-headquartered bank to add additional depth in the Florida market.
An American investor in a Chilean wine company has urged the Eleventh Circuit to affirm a lower court’s decision ordering a controlling shareholder of the venture to cough up $28.7 million, accusing him of playing a “cat-and-mouse game” to avoid paying what he owes.
A Texas federal court jury has convicted a Texas man of tax evasion and money laundering conspiracy for selling used prescription medications to a company that would resell them to pharmacies as new.
Bank of America, Deutsche Bank and other financial institutions asked a New York federal court Friday to toss a suit accusing them of conspiring to manipulate the Singapore Interbank Offered Rate, saying the plaintiffs failed to plausibly allege a conspiracy and that their antitrust claims are barred by the statute of limitations.
The last week has seen a new suit against Credit Suisse over debt investment, Kuwait's social security agency take on Man Group, and Allianz and several food distributors sue one of the world's biggest container shipping companies. Here, Law360 looks at those and other new claims in the U.K.
Despite lessons from Bernie Madoff's Ponzi scheme that was revealed 10 years ago, financial fraud continues to thrive. Negative history repeats itself on what seems like a daily basis, say attorneys with Quarles & Brady LLP.
Joshua Peck, incoming marketing director of Hill Wallack LLP, traces the evolution of the chief marketing officer position at law firms and shares insights from three legal marketing pioneers.
Private plaintiffs have filed putative class actions in Chicago and New York on the heels of government enforcement efforts against spoofing. But actions like these are largely untested, and two threshold hurdles for these new cases are apparent, says Laura Brookover of Covington & Burling LLP.
Now that the results of the 2018 election are (mostly) in, Evan Migdail and Melissa Gierach at DLA Piper LLP consider what a Democratic House, Republican Senate and Trump administration may be able to accomplish in the way of tax policy during the lame-duck session and the upcoming 116th Congress.
Opposition to the Consumer Financial Protection Bureau's newly proposed trial disclosure policy appears rooted in a wholly appropriate concern, but the relevant statute and empirical evidence indicate that consumers would benefit from the policy, say Eric Mogilnicki and Michael Nonaka of Covington & Burling LLP.
In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.
The use of artificial intelligence in financial services is still in the early stages. But a speech this week by Federal Reserve Gov. Lael Brainard shows that regulators are aware and paying attention, says Eamonn Moran of Kilpatrick Townsend & Stockton LLP.
With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.
Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.
Defense counsel often take approaches that reflect misperceptions of how the U.S. Securities and Exchange Commission enforcement game is really played. It is a complex process susceptible to mismanagement by even the most capable or well-intentioned attorney, says Daniel Hawke of Arnold & Porter.