Banking

  • March 10, 2026

    DOJ Unveils Superseding Policy For Corporate Criminal Cases

    The U.S. Department of Justice on Tuesday released its first-ever, department-wide, corporate enforcement policy for criminal matters, outlining how it will decline to prosecute companies that voluntarily disclose misconduct, cooperate with investigators and remediate wrongdoing.

  • March 10, 2026

    Iowa Defends 5th Circ. Appeal Of Schwab Antitrust Settlement

    Iowa's attorney general told the Fifth Circuit that its appeal of a Texas federal judge's final approval of a settlement ending an antitrust class action over The Charles Schwab Corp.'s merger with TD Ameritrade is proper, arguing the state's duty to protect consumers allows it to challenge the deal.

  • March 10, 2026

    Anthropic Asks Judge To Block DOD's Security Risk Label

    Anthropic has urged a California federal judge to block the Trump administration from enforcing an order designating the artificial intelligence company a supply chain risk to national security, arguing the government has retaliated against Anthropic for its constitutionally protected speech.

  • March 10, 2026

    Calif. Judge Says EFTA Doesn't Cover Wires In Discover Suit

    Discover Bank has escaped a proposed class action accusing it of failing to reimburse consumers for wire fraud, ruling that a key federal payments law does not make Discover liable for the fraudulent $110,000 transfer made from the plaintiff's account.

  • March 10, 2026

    $18.7M Settlement Nixed Over 'Fabricated' Loan Docs

    Citing a need for public confidence in judicial decisions, a Connecticut state court judge has set aside an agreed-upon $18.7 million judgment against a housing nonprofit, which claimed that its ex-leader "fabricated" the documents purporting to authorize the defaulted loan at issue in the case.

  • March 10, 2026

    Insurer's Cyber Liability Capped At $250K, Texas Court Finds

    A Texas federal court ruled that an insurer has no further liability beyond a $250,000 policy limit it paid to a construction company for its losses stemming from a social engineering cyber theft incident.

  • March 10, 2026

    Mortgage Biz Mr. Cooper Can Fight User Data Claims In Texas

    Mortgage servicer Mr. Cooper can fight claims over its customer data use practices in its preferred federal district court in Texas, a California federal judge has ruled, finding its website gives "reasonably conspicuous" notice of its terms of use that include a forum selection clause.

  • March 09, 2026

    Turkey's Halkbank Reaches Deal To Exit Iranian Sanctions Case

    U.S. authorities and Turkey's Halkbank have agreed to end the long-running criminal case accusing the state-backed lender of scheming to launder billions of dollars in sanctioned Iranian oil proceeds, in a no-fine deal that's explicitly tied to Turkey's diplomatic efforts in the Israel-Hamas war.

  • March 09, 2026

    Treasury Digital Asset Report Pushes Innovative Compliance

    The U.S. Department of the Treasury has published a report on stablecoin use and compliance to Congress as prescribed by the Genius Act, laying out plans to harmonize anti-money laundering standards for cryptocurrency activities.

  • March 09, 2026

    2nd Circ. Says COVID Policy Saves Argentine Creditors' Case

    The Second Circuit on Monday revived a $5.5 million contractual dispute against Argentina, ruling that a New York state COVID-19 policy saved some bondholder claims from being time-barred.

  • March 09, 2026

    Intuit Faces MLA Suit Over 'Refund Advance' Loans

    TurboTax distributor Intuit Inc. and several of its partners were hit with a proposed class action alleging their process for distributing tax refund advance loans comes with high costs and arbitration clauses that are prohibited by the Military Lending Act.

  • March 09, 2026

    Receiver Enters Conspiracy Plea For Par Funding's Parent Co.

    The receiver for a Philadelphia company behind the $405 million Par Funding merchant cash advance Ponzi scheme reached a plea deal Monday, where the company pled guilty to conspiracy to commit wire fraud and securities fraud, prosecutors said.

  • March 09, 2026

    Banking Orgs. Urge 7th Circ. To Block Ill. Swipe-Fee Law

    Banking industry trade groups have asked the Seventh Circuit to rule that Illinois may not enforce its tax and tip swipe-fee ban against national banks and other payment system participants, escalating their fight against the state's landmark Interchange Fee Prohibition Act, or IFPA.

  • March 09, 2026

    Anthropic Sues Over Trump Admin's 'Campaign Of Retaliation'

    Anthropic sued the Trump administration on Monday, challenging the Pentagon's designation of the artificial intelligence company as a supply chain risk to national security after Anthropic refused to allow its technology to be used for mass domestic surveillance and fully autonomous weapons. 

  • March 09, 2026

    NY Judge Tosses Terror Victims' Binance Suit, For Now

    A lawsuit against Binance and Changpeng Zhao, its former CEO, brought by the victims of 64 terrorist attacks was dismissed on Friday when a New York federal judge determined that the plaintiffs have not directly linked any wrongdoing by the cryptocurrency exchange to their injuries.

  • March 09, 2026

    Canadian Funds Can't Block IRS Bank Summons, Court Says

    Two Cayman-Canadian investment funds cannot block IRS summonses made on behalf of the Canadian government for daily trading records at a U.S. bank because they failed to show the agency didn't tick the right boxes, a New York federal court said.

  • March 09, 2026

    Sidley Adds Another Finance Atty, This Time From Debevoise

    Sidley Austin LLP announced Monday that the chair of Debevoise & Plimpton LLP's finance group has joined its ranks in New York, marking the latest of many recent additions to the team.

  • March 09, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket last week featured disputes spanning alleged forged board approvals at a telecom startup, evidence-destruction claims tied to WWE's blockbuster merger with UFC and investor scrutiny of a multibillion-dollar deal between Intel and the U.S. government.

  • March 09, 2026

    JPMorgan Trims But Can't Escape ERISA Drug Costs Suit

    A New York federal judge pared claims Monday against JPMorgan Chase & Co. in a suit from workers who alleged they paid too much for prescription drugs, but opened discovery on allegations that the bank's contract with its pharmacy benefit manager caused transactions prohibited by federal benefits law.

  • March 06, 2026

    Failed Fintech Synapse Is Sued Over Missing Customer Funds

    Collapsed fintech middleware firm Synapse Financial Technologies, its brokerage subsidiary and its former executives have caught a proposed class action seeking to take the firm to task over alleged misrepresentations and mismanagement that left $85 million in customer funds unaccounted for.

  • March 06, 2026

    Oregon Passes Bill To Limit Out-Of-State Bank Interest Rates

    Oregon lawmakers have approved legislation opting it out of a federal law that lets state-chartered banks export their home-state interest rates nationwide, advancing a measure similar to one in Colorado that is tied up in Tenth Circuit litigation. 

  • March 06, 2026

    Calif. Judge Blasts Ex-Venture Capitalist In Axing SVB Suit

    Convicted venture capitalist and self-described "Silicon Valley's party animal" Michael Rothenberg's conduct in his lawsuit against the Federal Deposit Insurance Corp., acting on behalf of the failed Silicon Valley Bank, "consisted almost entirely of ignoring or frustrating" his litigation obligations, a California federal judge ruled in throwing out the case.

  • March 06, 2026

    FinCEN Hits Canaccord With Record $80M Broker-Dealer Fine

    Canaccord Genuity Group Inc.'s broker-dealer arm Friday agreed to pay $80 million in settlements with three financial regulators for "widespread compliance failures" that allowed some securities fraud schemes to go undetected, with the broker-dealer admitting it willfully violated the Bank Secrecy Act.

  • March 06, 2026

    DOJ Faces 'Serious Questions' In $68M Colony Ridge Deal

    A Texas federal judge told an attorney for the U.S. Department of Justice on Friday that he has "serious questions regarding the nature" of a proposed $68 million settlement the agency and the state of Texas reached with Colony Ridge Development.

  • March 06, 2026

    SEC Ordered To Release Info On Text Messaging Sweeps

    A Florida federal judge has harshly criticized the U.S. Securities and Exchange Commission's litigation tactics as an "acute embarrassment" to the agency as he ordered it to turn over information about the penalties imposed on financial institutions whose employees discussed business information on their personal devices.

Expert Analysis

  • Key Crypto Class Action Trends And Rulings In 2025

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    As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris.

  • How New SEC Policies Shift Shareholder Proposal Landscape

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent remarks provide a road map for public companies to exclude nonbinding shareholder proposals from proxy materials, which would disrupt the mechanism that has traditionally defined how shareholders and companies engage on governance matters, say attorneys at Gunderson.

  • Series

    Knitting Makes Me A Better Lawyer

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    Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

  • The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations

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    Amid a surge in commercial office leasing driven by artificial intelligence firms, it's crucial for landlords to be aware of the potential downside of accepting letters of credit — in particular, for amounts of security that are less than the statutory bankruptcy claim cap, say attorneys at Allen Matkins.

  • Series

    The Biz Court Digest: Welcome To Miami

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    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • Identifying And Resolving Conflicts Among Class Members

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    As the Fifth Circuit's recent decision in Nova Scotia Health Employees' Pension Plan v. McDermott International illustrates, intraclass conflicts can determine the fate of a class action — and such conflicts can be surprisingly difficult to identify, says Andrew Faisman, a clerk at the U.S. District Court for the Southern District of New York.

  • Recent Proposals May Spell Supervision Overhaul For Banks

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    A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

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    Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • Where Things Stand At The CFPB As Funding Dries Up

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    The Consumer Financial Protection Bureau is on pace to run out of funding in the new year, threatening current and future rulemaking efforts, but a rapid series of recent actions still carries significant implications for regulated entities and warrants careful monitoring in the remaining weeks of the year, say attorneys at Brownstein Hyatt.

  • Terrorist Label For Maduro Poses New Risks For US Firms

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    The State Department's recent designation of President Nicolás Maduro, and other Venezuelan government and military officials, as members of a foreign terrorist organization drastically increases the level of caution companies must exercise when doing business in the region to mitigate potential civil, criminal and regulatory risk, say attorneys at Freshfields.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • How Bank-Fintech Partnerships Changed In 2025

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    The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • How Fed. Circ. Shaped Subject Matter Eligibility In 2025

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    The Federal Circuit's most impactful patent eligibility decisions this year, touching on questions about obviousness and abstractness, provide a toolbox of takeaways that can be utilized during patent preparation and prosecution to guard against potential challenges, says Reilley Keane at Banner Witcoff.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

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