The D.C. federal judge presiding over public interest groups' challenge to President Donald Trump's executive order requiring that for every new regulation, two rules must be eliminated, said Friday that federal agencies must do a better job complying with discovery.
J.P. Morgan Chase announced on Friday its intention to purchase health care payments company InstaMed, which features a cloud-based payments platform, bolstering the bank’s investments in payment services and making inroads into the health care industry.
A financial technology unit of Chinese conglomerate Ping An Insurance has tapped advisers related to its plans to go public in Hong Kong, Lions Gate rebuffed a $5 billion offer for its Starz network from CBS Corp, and Carrefour is considering selling a minority stake in its Chinese business.
A startup that aims to deliver financial services to the unbanked, an income-sharing agreement provider that's seeking to distinguish itself from consumer lenders, and a company that's testing a tool to evaluate potential renewable energy investments are the latest inductees into Arizona's fintech sandbox.
Facebook Global Holdings has put together a Switzerland-based fintech company named Libra Networks to focus on the development of software and infrastructure connected to blockchain, big data, payments and other investments, according to publicly available documents.
The U.S. Department of Justice's top antitrust official is set to appear for Federal Circuit oral arguments in an appeal by Capital One Financial Corp. on claims accusing Intellectual Ventures I LLC of monopolizing the banking technology market.
A New York state judge on Thursday sentenced a man to six years in prison for his admitted role in a kidnapping and robbery that drained $1.8 million worth of Ether cryptocurrency from a victim's digital wallet.
An order enjoining cryptocurrency company Tether Ltd. and trading platform Bitfinex now has a 90-day time limit after being tightened by a New York judge, while core provisions safeguarding document requests and freezing a line of credit between the two companies were left intact.
A United Services Automobile Association patent related to mobile check deposits covers a "technological invention," the Patent Trial and Appeal Board said Wednesday, meaning it is not eligible for covered business method review.
Federal banking regulators told House lawmakers Thursday that they’re expecting to finish writing rules implementing last year’s banking regulatory relief bill by the end of 2019, should soon have more updates on Volcker rule reform and could move to address the Second Circuit’s controversial Madden decision.
Mizuho Bank Ltd. is no longer facing a Californian's lawsuit over the collapse of the bitcoin exchange Mt. Gox, marking yet another successful escape from claims that it improperly halted international withdrawals from the exchange.
Financial technology firm OpenFin said Thursday a group of high-profile investors spearheaded by Wells Fargo poured $17 million into a recent funding round, giving the Lowenstein Sandler-led company additional resources to improve its finance-focused desktop operating system.
MoneyGram International Inc. told an Illinois federal court Thursday that it has always been upfront with investors about the costs and challenges of making its anti-fraud and anti-money laundering compliance programs meet the expectations of government regulators, no matter what a securities suit says.
Federal prosecutors told a New York federal judge that a cryptocurrency entrepreneur should serve at least 2½ years in prison for issuing two fraudulent initial coin offerings in what is one of the first criminal cases to consider the applicability of federal securities laws to digital tokens.
A high-ranking official at the Federal Trade Commission said Wednesday that the agency is cracking down on companies that purchase consumer data gathered through online scams, funding what he called an ecosystem of deceit on the internet.
DLA Piper has launched an international artificial intelligence practice focusing on "emerging and disruptive" technologies and their accompanying legal and compliance risks, the firm announced Tuesday.
The Office of the Comptroller of the Currency said Wednesday that interest from potential applicants in its fintech charter may cool now that New York's challenge to the charter has cleared an initial hurdle in federal court.
The troubles appear to be increasing for Florida's chief financial regulator, as a sexual harassment claim was followed by new allegations that he told a job applicant that Tallahassee has too many "rednecks" and brought up the sex exploits of the "Wolf of Wall Street" stock trader during a staff meeting.
An Illinois federal court won't allow a retrial for the first person to be convicted of spoofing the commodities markets, finding Wednesday that the former trader's "newly discovered evidence" was unlikely to change the outcome of the case.
Finablr, a United Arab Emirates-based payment processor and foreign exchange provider, said Wednesday it priced an initial public offering that will raise £306 million ($400 million) on the London Stock Exchange.
In this monthly series, legal recruiting experts from Major Lindsey & Africa interview legal industry leaders about the increasingly competitive business environment. Here, Rod Osborne talks with Gary Tully, head of legal operations at Gilead Sciences.
My mother's connection to her Native American heritage had a major influence on my career — my decision to enter the legal profession was driven by the desire to return to my tribal community and help it in any way I could, says Jason Hauter of Akin Gump.
Retired U.S. Supreme Court Justice John Paul Stevens' new book, "The Making of a Justice," is required reading for anyone interested in 20th and 21st century America, says Seventh Circuit Chief Judge Diane Wood.
Not long ago, patent practitioners primarily obtained information about a patent examiner’s working style by working with the examiner or hearing reports of colleagues’ experiences with the examiner, but now data analytics offer additional clues, says Eric Snustad of Fredrikson & Byron.
How can companies calculate a budget for research and development and innovation programs? One helpful approach is to rank the company among its peer group of competitors, and this score can also serve as a leading indicator of stock price for the investment community, says Stephen Glazier of Akerman.
Prosper Funding's recent $3 million settlement with the U.S. Securities and Exchange Commission suggests that companies may face Securities Act Claims even for inadvertent performance data errors if their code is out of date or poorly understood by staff, say attorneys at Mayer Brown.
Recent guidance from the U.S. Securities and Exchange Commission may help issuers avoid having their future initial coin offerings categorized as unregistered securities offerings. But for past ICOs, issuers must rely on the SEC's remediation process, and should consider two key questions before proceeding, says Kayvan Sadeghi of Schiff Hardin.
The Conference of State Bank Supervisors' recently announced suggestions to harmonize state law frameworks for nonbank fintech companies could be particularly beneficial to cryptocurrency companies, for whom the applicable regulatory landscape is especially uncertain, say attorneys at Cleary Gottlieb.
The U.S. Securities and Exchange Commission recently settled with the founder of Jumio for his misstatement of financial results to inflate the value of his company shares. This case is an example of what may be in store if an economic downturn hits the current stable of unicorns, say Joshua Newville and Brian Hooven at Proskauer.
The Financial Crimes Enforcement Network recently assessed its first civil penalty against a peer-to-peer exchanger of convertible virtual currency, indicating that virtual currency exchanges of any size that fail to comply with the Bank Secrecy Act do so at their own peril, say Wade Thomson and E.K. McWilliams of Jenner & Block.