The Royal Bank of Scotland will pay an $85 million penalty to settle allegations that its traders manipulated the ISDAfix benchmark rate over a period of five years to benefit the bank’s derivatives positions, the U.S. Commodity Futures Trading Commission announced Friday.
The government’s landmark age bias case against Texas Roadhouse ended in a mistrial Friday in Massachusetts federal court after a jury said three times that it could not come to a unanimous decision.
A Massachusetts federal judge on Friday declined to extend a temporary restraining order blocking parts of President Donald Trump’s travel ban, dealing a blow to the American Civil Liberties Union and the state of Massachusetts in their ongoing legal battle against the new administration.
Third Circuit Senior Judge Maryanne Trump Barry, who is President Donald Trump’s older sister, decided this week to go inactive on the bench, relinquishing her staff and chambers despite being scheduled to hear cases this year.
President Donald Trump signed two executive orders Friday in first steps following through on promises to roll back financial regulations, directing a wide review of financial regulations aimed at rolling back the Dodd-Frank Act and ordering a delay of the U.S. Department of Labor’s fiduciary rule for retirement account advisers.
The Trump White House on Thursday slammed Senate Democrats for demanding 60 votes to place Tenth Circuit Judge Neil M. Gorsuch in the late Justice Antonin Scalia’s Supreme Court seat, saying that the minority party is “grasping at straws” with its stated plan to filibuster the nominee.
The ACLU and other groups challenging the Trump administration’s ban on immigration from seven majority-Muslim countries charged Thursday in Brooklyn federal court that they have not received a full list of people who have been detained or removed, despite a federal judge's Saturday order to provide that information and to cease deportations.
Snapchat maker Snap Inc. filed its long-awaited initial public offering on Thursday, a deal that estimates raising $3 billion and marks the debut of a major so-called unicorn that could test the viability of other richly valued technology startups in the IPO market.
A Michigan federal judge tossed a proposed civil rights class action against Michigan Gov. Rick Snyder, the state, the city of Flint and other public officials Thursday over their alleged roles in a lead-tainted drinking water crisis that struck the town, finding the suit’s claims are preempted by the federal Safe Drinking Water Act.
The ringleaders within a group of financiers who pilfered millions from HBOS PLC in a bank loan scam that wrecked many vulnerable companies in the run-up to the 2008 financial crisis on Thursday were hit with substantial sentences of between 10 and 15 years by a London criminal court.
The U.S. Senate Environment and Public Works Committee on Thursday advanced Oklahoma Attorney General Scott Pruitt one step closer to taking the helm of the U.S. Environmental Protection Agency after suspending rules that required members of the minority party to be present, as Democrats boycotted the vote for the second day in a row.
JPMorgan Chase Bank NA plans to make a $797.5 million cash payment to Lehman Brothers Holdings Inc. to settle all remaining lawsuits and disputes stemming from Lehman’s crisis-triggering 2008 collapse, according to a motion filed in New York bankruptcy court on Wednesday.
If confirmed by the Senate, U.S. Supreme Court nominee Neil Gorsuch would bring to the bench a strikingly similar judicial philosophy to that of the late Justice Antonin Scalia, but former clerks and colleagues say the Tenth Circuit judge and Colorado native’s congenial temperament couldn’t be more different from the fiery Scalia's.
The Walt Disney Co., Pixar and Lucasfilm Ltd. LLC have agreed to a $100 million deal that would settle allegations in a class action that they perpetuated a "no poach" agreement with other companies over the hiring of animators, according to a filing in a California federal court on Tuesday.
Facebook Inc. subsidiary Oculus VR LLC and several of its executives must pay $500 million in damages to video game developer ZeniMax Media LLC for copyright and trademark infringement and breach of a non-disclosure agreement in a case tied to its virtual reality technology, a Texas federal jury found Wednesday.
Former Exxon CEO Rex Tillerson will serve as President Donald Trump’s secretary of state after receiving Senate confirmation Wednesday, as battles over the Cabinet continue this week amid Trump’s controversial order on immigration.
The U.K. House of Commons on Wednesday night voted overwhelmingly for Prime Minister Theresa May to trigger Article 50 of the Lisbon Treaty, removing one of the final obstacles to starting Britain’s historic departure from the European Union.
After numerous delays, the Senate Judiciary Committee sent the attorney general nomination of Sen. Jeff Sessions, R-Ala., to the full Senate on Wednesday, as fights over President Donald Trump’s Cabinet appointments and immigration order ramp up in Congress.
A key Senate panel on Wednesday voted to move forward the nominations of President Donald Trump’s picks to lead the U.S. Department of the Treasury and the Department of Health and Human Services without any Democratic members present.
President Donald Trump on Tuesday nominated Tenth Circuit Judge Neil Gorsuch to fill a Supreme Court seat that has remained vacant since the death of Justice Antonin Scalia in February 2016, picking a well-respected figure in the conservative legal establishment who would restore the nation’s top bench to a Republican majority and likely break the recent spate of 4-4 ties.
By understanding four common reasons why law firm business development initiatives fail, we can more accurately define success, avoid pitfalls, and improve return on investment, says Adam Donovan, senior manager of patent business strategy at Fish & Richardson PC.
Highly successful attorneys who are thinking about leaving the safe haven of a large law firm to go out on their own face a number of issues specific to the legal profession. Russell Shinsky, chairman of Anchin Block & Anchin LLP's law firms industry group, shares four pillars of a successful startup law firm.
As advances in technology continue to push law libraries in a more complex direction, many law firms are still making structural mistakes. Fahad Zaidi, senior consultant at HBR Consulting, notes five common pitfalls that law firms should be wary of when developing their libraries.
I worry too many law students see the priorities of BigLaw in tension with a meaningful commitment to pro bono work, making them reluctant to ask questions in interviews about pro bono opportunities and a firm’s commitment to its community. This needs to change, says Skadden partner and former White House legal adviser Michael Scudder.
Agreeing to arbitration clauses can be complicated because you may risk locking in a factually incorrect judgment. Merril Hirsh and Nicholas Schuchert of Troutman Sanders LLP explain the mechanics of the Federal Arbitration Act and how to ensure you find the right arbitration laws for your case.
The imminent green light for foreign firms to get into India’s market will be a bellwether of law firm behavior. The impulse to follow the crowd into the new frontier will be great, but smart firms will take a long hard look at who they are before making the passage to India, says Mark A. Cohen, an adjunct professor at Georgetown Law School and founder of Legal Mosaic LLC.
The Freddie Gray case and the U.S. Supreme Court ruling regarding former Virginia Governor Robert McDonnell demonstrate how the government replaces juries, eliminating an important community decision maker and a check on governmental power, says Professor Suja Thomas of the University of Illinois College of Law.
Because there will never be enough free lawyers to satisfy demand from low-income Americans, we need to leverage technology to allow the legal expertise of one lawyer to reach hundreds or thousands of clients at once, say Jonathan Petts and Rohan Pavuluri, co-founders of startup nonprofit Upsolve.
Law firms today are recognizing that the process of creating a next-generation workplace is far more complex than relocating to a more modern space in a trendier part of town. The challenge is more significant for larger firms with multiple generations represented within their executive teams, says Tere Blanca, founder of Miami-based Blanca Commercial Real Estate Inc.
Winding down a law firm is at best stressful, at worst excruciatingly painful, and often carried out as if it were an emergency, rendering the process even more difficult. There are certain common steps that should be on the firm's radar from the moment the decision to dissolve is made, says Janis Meyer, a partner with Hinshaw & Culbertson LLP who helped oversee Dewey & LeBoeuf's 2012 bankruptcy filing and the subsequent wind-down of the firm.