Units of Wells Fargo and other banks went back to New York state court Friday to ask for guidance on how they, as trustees for a slew of residential mortgage-backed securities trusts, should distribute the $4.5 billion they expect to receive soon from a settlement between JPMorgan and a group of investors in the trusts.
At least two companies, including a Chinese online microlender and a life insurance company, are set to price initial public offerings projected to raise about $220 million combined during the week of Dec. 18, among the last few IPOs before the year-end holidays.
Investment funds that sued Vereit Inc., its former CEO Nicholas Schorsch and others over tens of millions of dollars in losses allegedly caused by the defendants’ fraud fended off dismissal for most of their suit Thursday, with a Manhattan federal judge finding the case had legs.
Britain’s Financial Conduct Authority said Friday it will consider whether to impose further regulation on the growing market for initial coin offerings, a new form of investing that involves issuing digital currencies or tokens to finance startups.
Republicans unveiled the final version of their tax cut bill on Friday that would impose a 21 percent flat rate on corporations, set the maximum individual tax rate at 37 percent and largely adopt the Senate’s proposal for pass-through businesses.
Global financial regulators said Friday they will review the effects of incentives for financial institutions to centrally clear over-the-counter derivatives trades following the implementation of capital rules for the sector.
The European Union’s financial regulator on Friday said it is considering prohibiting the sale to retail investors of risky financial products known as binary options and placing restrictions on sales of another product called rolling spot forex contracts.
The Federal Reserve said Friday that recently appointed vice chair for supervision Randal Quarles would recuse himself from matters involving Wells Fargo & Co., citing relationships between the bank and his extended family and the desire to avoid the appearance of a conflict.
Platinum Equity could pay nearly $4 billion for Husky Injection Molding Systems, Chinese regulators are investigating the multibillion-dollar sale of Toshiba Memory Corp. and British sports car maker Aston Martin is gearing up either for a public listing or a sale.
In a sudden about-face, the U.S. Securities and Exchange Commission has ratified its administrative law judge appointments, seemingly resolving the constitutional issues surrounding its ALJs. This could mean that the SEC will resume filing litigated actions as administrative proceedings again, say attorneys with Squire Patton Boggs LLP.
We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three improvements to give jurors an active role in our civil and criminal jury trials.
Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, I can look analytically at the Bartlit Beck fee model and make some observations on its pros and cons, says J.B. Heaton, founder of investment analytics company Conjecture LLC.
Federal court leaders moved quickly Friday to answer accusations of inappropriate sexual behavior by U.S. Circuit Judge Alex Kozinski, sending a misconduct investigation to an oversight council at the Second Circuit amid new reports that brought the total number of public accusers to 15.
The IRS on Friday released highly anticipated guidance on a new partnership tax audit regime to address, among other things, how tax adjustments should be taken into account by so-called tiered partnerships that have pass-through entities as partners.
Litigation is expected to be a bright spot in an otherwise lackluster legal hiring market during the first six months of 2018, a survey of 200 law firm and corporate legal department hiring professionals has found.
African-American and other minority lawyers continue to be underrepresented in U.S. law firms, a nationwide report released Thursday has found, but the failure to build a diverse workforce is much more stark in some cities, such as Boston, than in others, such as Miami.
The fact that a piece of information about a former client is publicly available doesn’t necessarily mean it’s not subject to the lawyer’s duty to keep their confidences close, according to a Friday opinion from the American Bar Association.
Experts shared with Law360 tips for helping employers keep the holiday festivities merry while limiting their legal risk, President Donald Trump tapped the U.S. Equal Employment Opportunity Commission's Chai Feldblum for a new term and two Senate Democrats challenged the National Labor Relations Board's new general counsel. These are some of the top stories in corporate legal news you may have missed this 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.
In this new monthly series, legal recruiting experts Amanda Brady and Amy Mallow of Major Lindsey & Africa interview law firm management from Am Law 200 firms about how they are navigating an increasingly competitive business environment. The first conversation is with Laura Saklad, chief operations officer for Orrick Herrington & Sutcliffe LLP.