A top U.S. banking regulator is seconding the banking industry's call for the Seventh Circuit to block Illinois' tax and tip swipe-fee ban, arguing a lower-court judge missed the "forest for the trees" in ruling the state-law restrictions are enforceable against banks it oversees.
A top U.S. banking regulator is seconding the banking industry's call for the Seventh Circuit to block Illinois' tax and tip swipe-fee ban, arguing a lower-court judge missed the "forest for the trees" in ruling the state-law restrictions are enforceable against banks it oversees.
Bank of America has reached a settlement in principle with a plaintiff who accused it in a proposed class action of facilitating Jeffrey Epstein's sex crimes, according to a Monday court filing.
The Connecticut Appellate Court on Monday scrutinized the complex timeline of a 13-year multinational litigation, seeming to doubt that Deutsche Bank AG could be blocked from suing billionaire Alexander Vik and his daughter for allegedly tanking the price of an asset sale.
Thirteen states and their attorneys general filed a federal lawsuit against OneMain Financial and its associated companies over its alleged practice of charging customers for "add-ons" to their loans like insurance programs without disclosing the extra interest that comes with them.
The U.S. Supreme Court was urged not to review a Second Circuit decision upholding a class certification ruling in a $12 billion antitrust case over municipal bonds, with the class telling the justices the lower court properly analyzed the supporting expert evidence.
The U.S. Securities and Exchange Commission announced Monday that its enforcement director, Margaret "Meg" Ryan, has resigned from the agency after nearly seven months on the job.
The U.S. Senate Banking Committee's top Democrat pressed major auto lenders for underwriting information on military service members, noting they pay higher rates on average while statutory lending protections for service members exempt many auto loans.
Online bill pay platform Doxo fought uphill at a hearing Monday in Washington federal court to beat the Federal Trade Commission's claims it misleads consumers, with the judge noting that Amazon.com Inc. had made some of the same arguments in the FTC's lawsuit targeting its Prime subscription program and lost.
A group of consumers wants a California federal judge to bar Capital One's proposed $5.15 billion acquisition of fintech company Brex, arguing it violates antitrust laws, after the group's first bid to halt the bank's purchase of Discover Financial Services failed.
A Manhattan federal judge has certified a class of EB-5 immigrant investors who claim TD Bank improperly released nearly $50 million of their funds from escrow, which allegedly caused the money to go missing and scuttled their efforts to seek visas.
A federal magistrate judge has declined to pause discovery pending arbitration in an Illinois-based community bank's litigation seeking to determine the proper owner of $7 million it's holding in escrow for a Bulgarian natural gas construction project, saying he is not convinced a stay is warranted.
A Georgia federal judge struck the answer filed by Edible Arrangements' former chief operating officer and his company as a sanction for bad faith discovery conduct, finding they hid key evidence about millions in vendor checks deposited into a personal account.
Cryptocurrency platform Abra said Monday that it will go public through a merger with a special purpose acquisition company in a deal advised by four firms that's based on a $750 million valuation for Abra.
Financial services company WisdomTree Inc. on Monday announced plans to acquire London-based Atlantic House Holdings Ltd., in a deal worth roughly $200 million that was built by three law firms.
The developer of a 900-unit housing project in the Bronx that was awarded a $55 million state grant in October has filed for bankruptcy to stop a foreclosure sale, blaming what it called "treachery" in the transfer of a senior mortgage, in the second such filing the company brought in recent months.
Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.
With the New York Responsible AI Safety and Education Act taking effect March 19, state regulators will expect subject artificial intelligence governance policies to understand whether appropriate safeguards and protocols are in place to prevent or mitigate discriminatory or adverse outcomes by frontier models, says Michael Paulino at Gordon Rees.
As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.
Conservative groups are backing the Trump administration's attempts to revive executive orders targeting BigLaw firms, arguing in an amicus brief to the D.C. Circuit that Perkins Coie LLP had "unclean hands" for its part in what they called the "Russiagate hoax."
A California federal judge sanctioned Winston & Strawn LLP on Monday for making up facts and otherwise misrepresenting the record in contract litigation over its client's app being removed from Apple's platform, then separately dismissed the case on the merits.
U.S. District Judge Charles Breyer scolded Elon Musk's Quinn Emanuel counsel during a hearing Monday ahead of closing arguments in California litigation alleging that Musk tanked Twitter's stock to get out of his $44 billion acquisition deal, saying he wouldn't "sit here and watch lawyers grimace, nod, laugh in court."
A Michigan federal judge ruled Monday that a pro se defendant must pay software-maker Dassault Systemes $1.8 million in fees for willfully infringing its software copyrights to train design students, while commending the pro se litigant's professionalism during 15 years of litigation for rivaling and exceeding many licensed attorneys.
The American Arbitration Association caused a stir last fall when it introduced its AI Arbitrator for documents-only construction cases, and even though lawyers say they're excited about the tool's possibilities — and that of artificial intelligence in arbitration in general — so far, many have been reluctant to be the first to take that plunge.
Lawyers, law professors and retired judges led by two nonprofits urged the New York state courts' ethics committee on Monday to investigate Boris Epshteyn's involvement in President Donald Trump's efforts to "intimidate and coerce" BigLaw firms into pro bono agreements with the administration.
President Donald Trump will get another judicial vacancy to fill in North Carolina with U.S. District Judge William L. Osteen Jr. of the Middle District of North Carolina recently announcing he will take senior status.
A former Lewis Brisbois Bisgaard & Smith LLP paralegal has told a Florida state judge that the firm shouldn't be able to force her into arbitrating her claims against it because a number of the alleged actions took place after she was terminated from her job.
Democrats have referred the departing U.S. secretary of homeland security, Kristi Noem, to the Department of Justice for a perjury investigation following her recent congressional testimony.
Massachusetts' highest court on Monday declined a request to let state judges offer higher hourly rates to induce attorneys to accept court-appointed cases, a proposal meant to alleviate a shortage of appointed counsel in two of the state's busiest counties.
The Georgia Court of Appeals said Monday that nonattorneys can't be allowed to represent unincorporated associations in court, backing a trial court's dismissal of a minister's bid to represent his church in a property tax dispute with his home county.
The Delaware Chancery Court's docket last week featured disputes including an $83.75 million settlement tied to a renewable energy merger, fraud claims in a fertilizer company acquisition and a developer's fight for control of a major Philadelphia redevelopment project.
