Homeowners claiming Citibank NA and JPMorgan Chase & Co. charged them unnecessary fees for property inspections after they defaulted on their loans asked the Ninth Circuit to revive their suits Friday, saying a lower court erred in finding no basis for their racketeering allegations against the banks and inspection companies.
A Wells Fargo & Co. shareholder has accused CEO Timothy Sloan, Chair Elizabeth Duke and other top brass of having enabled a “culture of lawlessness” at the bank in a derivative suit filed Thursday, the same day that new allegations emerged about a problem in the bank’s wholesale division.
JPMorgan Chase Bank NA and its payment processing arm Paymentech LLC filed a $20.06 million breach of contract lawsuit against Landry's Inc. in Texas federal court, claiming the hospitality company refuses to compensate them for costs related to a data breach at Landry’s properties in 2014 and 2015.
In the two years since the U.S. Supreme Court declared that concrete injuries are necessary to establish Article III standing, federal courts around the country have moved to apply the holding to scores of privacy and data breach cases. Here, attorneys look back at how courts have been interpreting the landmark decision and offer predictions at how the deepening divide is likely to play out moving forward.
Cryptocurrency is a commodity that can be regulated by the U.S. Commodity Futures Trading Commission, the regulatory watchdog agency told a Massachusetts federal judge Friday as it fights a cryptocurrency company's bid to dismiss a $6 million fraud suit.
Two offshore trusts told the Eleventh Circuit Friday that a lower court misinterpreted the Financial Industry Regulatory Authority's code when it ruled that they could not pursue a $100 million arbitration against Canadian brokerage Pictet Overseas Inc.
The last week has seen two individuals bring a personal injury claim against two insurers and a yacht company after a fatal boating accident in 2014, a cryptocurrency exchange sue another exchange over IP rights, and the export arm of Philip Morris sue British lender NatWest. Here, Law360 looks at those and other new claims in the U.K.
Seven firms will guide initial public offerings set to raise more than $1.2 billion during the week of May 21, led by a fintech company that aims to disrupt the consumer loan business, plus three biotechnology firms, a private equity-backed payment processor and two small Chinese deals.
Bankrupt radio giant iHeartMedia Inc. sought permission Thursday to access a $450 million debtor-in-possession credit facility, with an option to increase the amount by $100 million, to pay back its prebankruptcy asset-based lenders and fund its Chapter 11 case.
The Internal Revenue Service went beyond the cap on civil penalties it can assess for undisclosed offshore bank accounts, a Texas federal judge has ruled, rejecting the agency’s argument that regulations limiting the amount are implicitly invalid.
In a dramatic win for the auto finance industry, Congress recently voted to reverse the Consumer Financial Protection Bureau’s 2013 guidance related to fair lending and interest rates for indirect loans. However, such rollbacks may not be enough to create long-lasting regulatory relief, say attorneys with Nelson Mullins Riley & Scarborough LLP.
The 2018 law school commencement season is underway, and keynote speakers at academic institutions across the country have sought to impart lasting advice to new grads. Here, five high-profile lawyers, including Preet Bharara, Rod Rosenstein and Anita Hill, shared their advice for improving local communities and the world, guidance which even seasoned attorneys may be able to apply to their own careers.
A recent bill introduced in the U.S. Senate that sponsors say will discourage gambling by the multibillion-dollar litigation funding industry is far from the first effort to regulate private legal investors. Here, Law360 looks at three things that distinguish the Litigation Funding Transparency Act of 2018.
Even after issuing seven opinions since last week, the U.S. Supreme Court still has a whopping 32 cases that need to be decided by the end of the term just over one month away, leaving court-watchers to speculate about what’s been slowing things down on First Street.
The judicial shortage in New Jersey federal court continues, with no appointments by President Donald Trump on the horizon, leaving a mounting caseload for a short-staffed bench spanning three outposts throughout the state, U.S. District Judge Jose J. Linares told his colleagues on Friday at the state bar association's convention in Atlantic City.
The general counsel of Novartis stepped down in the wake of news reports that the pharmaceutical company paid a business owned by President Donald Trump’s personal lawyer, and GCs ranked the firms they think have the strongest brands. These are some of the stories in corporate legal news you may have missed in the past week.
For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.
On the latest episode of Law360's Pro Say podcast, we tell you what you need to know about the U.S. Supreme Court's sports betting ruling; break down the latest battle in Apple and Samsung’s smartphone patent war; discuss law schools demanding answers from BigLaw about the use of nondisclosure agreements; and talk about a woman who took a painful toilet tumble.