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Banking
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January 07, 2026
Incora Minority Noteholders To Appeal 'Uptier' Loss
Minority noteholders that lost collateral rights in a 2022 financing deal at aircraft parts supplier Incora will appeal a decision by a Texas federal judge that had upheld the debt exchange, according to a notice filed Tuesday.
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January 07, 2026
Block Inc., Dorsey Must Face Suits Over Compliance Claims
A California federal judge has ruled that the parent company of Square and Cash App, Block Inc., and its officers and directors must face claims of compliance failures in a class action and separate derivative suit, finding, among other things, that the derivative suit adequately pleads that Block's board failed to properly oversee the company's compliance program.
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January 07, 2026
Reckless Conduct Can Be Willful FBAR Failure, 2nd Circ. Says
The standard for willful failure to report foreign bank accounts includes reckless conduct, and a 6% late payment penalty is mandatory for a couple who neglected fines for stashing millions in an undisclosed Swiss account, the Second Circuit said Wednesday, upholding a lower court's judgment.
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January 07, 2026
KeyBank Will Pay $7.7M To Resolve Branch Manager's Fraud
KeyBank National Association has agreed to pay more than $7.7 million to settle allegations it violated the False Claims Act by submitting forgiveness requests for dozens of Paycheck Protection Program loans that one of its branch managers helped fraudulently obtain, federal prosecutors announced Wednesday.
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January 07, 2026
Jones Day Adds Ex-SEC Deputy Enforcement Director In Ga.
Jones Day has added to its Atlanta investigations and white collar defense practice a former deputy enforcement director of the U.S. Securities and Exchange Commission, the firm announced on Wednesday.
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January 07, 2026
Binance Taps Ex-SEC, Coinbase Atty To Head Global Litigation
Binance has brought on a former senior Coinbase lawyer and veteran U.S. Securities and Exchange Commission enforcement attorney to serve as its global head of litigation.
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January 07, 2026
BNP Can't Undo $21M Verdict In Sudan Refugee Case
A Manhattan federal judge granted final judgment Wednesday against BNP Paribas for its alleged role bankrolling atrocities against plaintiffs who fled Sudan amid human rights abuses, declining to trim a $21 million bellwether verdict.
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January 07, 2026
Kirkland-Led Warburg Pincus Clinches $3B Financial Fund
Kirkland & Ellis LLP-advised private equity giant Warburg Pincus announced Wednesday it closed its third financial sector fund with $3 billion in tow.
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January 06, 2026
Fed Circ. Skeptical Of Ex-Wells Fargo Rep's Whistleblower Suit
A panel of Federal Circuit judges Tuesday appeared skeptical of a purported whistleblower's appeal in her case alleging she is entitled to a portion of Wells Fargo's more than $2 billion payout over claims the bank misled investors about its residential mortgage-backed securities ahead of the financial crisis.
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January 06, 2026
Law Clerk Conflict Talk Can't Get Javice Retrial, Feds Say
Charlie Javice, the founder of defunct student loan startup Frank, should not get a new trial over charges that she defrauded JPMorgan, which acquired her company, simply because two clerks who worked on the trial had accepted offers from a law firm involved in the litigation, federal prosecutors have argued.
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January 06, 2026
Vectra Bank Claims Lending Co. Owes $4.5M
Vectra Bank has accused a Colorado-based commercial finance company and two related business entities in state court of defaulting on a $6.5 million loan and said they now owe the bank more than $4.5 million.
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January 06, 2026
BofA Faces Customer Suit Over Post-Jan. 6 'Surveillance'
Bank of America was hit with a putative class action accusing it of financial privacy violations tied to the aftermath of the Jan. 6, 2021, U.S. Capitol attack, alleging the bank aggressively mined and illegally shared customer data with authorities looking for leads.
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January 06, 2026
Envestnet Trade Secrets Suit Cleared For Trial
A Delaware federal judge has cleared the way for a long-running fintech trade secrets case to proceed toward trial, overruling defense objections to spoliation findings and holding that a jury may infer that destroyed electronic evidence would have been unfavorable to Envestnet Inc. and its former subsidiary Yodlee Inc.
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January 06, 2026
5th Circ. Mulls If ERISA Claims Are Subject To Arbitration Clause
A Fifth Circuit panel wanted a former employee at International Bancshares Corp. to explain how his benefits class action could evade an arbitration clause adopted by the plan that he never consented to, saying Tuesday that other courts seemingly have not adopted a theory that would allow that.
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January 06, 2026
PrimaLend Gets OK For Ch. 11 Plan Vote, Bid Procedures
Subprime lender PrimaLend Capital Partners LP on Tuesday received a Texas bankruptcy judge's approval of its request to take votes on a Chapter 11 plan and bidding procedures for an asset sale.
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January 06, 2026
4th Circ. Asked To Revive Experian Credit Investigation Suit
Experian Information Solutions Inc. violated its statutory duty by failing to reinvestigate and later approving a clearly erroneous credit report that resulted in a refused mortgage application, the report's subject told the Fourth Circuit in an attempt to revive his class action lawsuit.
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January 06, 2026
Ill. Judge Trims Most Of Walgreens Shareholder Suit
An Illinois federal judge on Monday dismissed most claims in a lawsuit alleging Walgreens inflated share prices by concealing the lack of viability of its pharmacy division and primary care investment, warning shareholders not to "waste judicial resources" in amending their allegations by claiming straightforward statements are misleading "absent a coherent argument as to why."
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January 06, 2026
Bankers Urge Senate To Ban Stablecoin Yield Payments
The American Bankers Association is doubling down on efforts to convince policymakers to outlaw yield payments for stablecoins, urging banking CEOs and their clients to flood U.S. senators with letters and calls as a forthcoming crypto market structure bill presents an opportunity to solidify the prohibition.
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January 06, 2026
Ameritas Says Prior Deal Ends Couple's Annuity Fraud Suit
A retired military officer and his wife cannot proceed with a suit over the sale of unsuitable equity indexed annuities, Ameritas and a former insurance agent said, urging a North Carolina federal court to enforce a settlement agreement and release that resulted from mediation.
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January 06, 2026
Foley Hoag Banking And Finance Partner Rejoins Weil
A Foley Hoag LLP partner who started her career at Weil Gotshal & Manges LLP in the New York office has rejoined Weil as a Boston-based partner in the banking and finance practice.
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January 06, 2026
White & Case-Led Brazilian Digital Bank Seeks US IPO
Brazilian digital banking platform PicS has filed for a proposed initial public offering with the U.S. Securities and Exchange Commission in an offering guided by White & Case LLP and underwriters' counsel Davis Polk & Wardwell LLP, with hopes to list its Class A common shares on the Nasdaq Global Select Market.
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January 06, 2026
Paul Hastings Adds Ex-Cravath Tax Pro To Growing M&A Team
After adding 20 partners to its mergers and acquisitions platform over the past two years, Paul Hastings LLP announced on Tuesday that it has hired a former Cravath Swaine & Moore LLP partner who advises on the tax elements of mergers and acquisitions.
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January 05, 2026
US Chamber Gets Expedited Appeal In $100,000 H-1B Fee Suit
The D.C. Circuit on Monday fast-tracked the U.S. Chamber of Commerce's appeal of a ruling that a $100,000 fee for new H-1B petitions was within President Donald Trump's "broad authority" to restrict noncitizens' entry.
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January 05, 2026
BofA, BNY Face Bulked-Up Claims Over Epstein Ties
A survivor of sex offender Jeffrey Epstein has moved to bolster her proposed class actions accusing Bank of America and BNY of enabling the disgraced financier's sex trafficking enterprise, filing freshly expanded complaints amid a push from the banks for dismissal.
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January 05, 2026
Chancery Rejects BankUnited's Employee Poaching Claims
The Delaware Chancery Court has denied BankUnited's attempt to block former executives and rival Customers Bank from recruiting employees and pursuing business in the title-services market, finding that the lender failed to show it was likely to win on any of its contract or fiduciary-duty claims.
Expert Analysis
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5 Lender Strategies When A Commercial Borrower Defaults
With an estimated $2 trillion in commercial real estate loans set to mature by 2027, now is an opportune time for lenders to review practices on both the front and back ends, and understand the full range of options available in the event of a default, says Keith Mundrick at Amundsen Davis.
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SEC Rulemaking Radar: A Reset, A Shift And A Preview Of '26
With major proposals withdrawn and new priorities emerging, forthcoming U.S. Securities and Exchange Commission proposals in 2026 will look to reshape how digital assets are regulated, recalibrate market structure and simplify how small companies go public, says Christopher Grobbel at Goodwin.
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Changes In Crypto, Cybersecurity Defined NY Banking In 2025
The major takeaways from 2025 in New York banking policy involve updated guidance, regulations and requirements primarily affecting innovation and digital banking, in areas such as cybersecurity, virtual currencies, and buy now, pay later programs, say attorneys at Steptoe.
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Del. Dispatch: Key 2025 Corporate Cases And Trends To Know
The Delaware corporate legal landscape saw notable changes in 2025, spurred by amendments to the Delaware General Corporation Law, ubiquitous artificial intelligence fervor, boardroom discussion around DExit, record shareholder activism activity and an arguably more expansive view of potential Caremark liability, say attorneys at Fried Frank.
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Series
Nature Photography Makes Me A Better Lawyer
Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.
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2025 Brought A New Paradigm For Federal Banking Regulation
A series of thematic shifts defined banking regulation in 2025, including a fundamental reform of prudential supervision, a strategic easing of capital constraints, steps to streamline merger reviews, and a new framework for fair access and entrants seeking to offer banking services, say attorneys at Simpson Thacher.
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Series
Law School's Missed Lessons: Practical Problem Solving
Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.
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Crypto In 2025: From Federal Deregulation To State Action
The cryptocurrency enforcement landscape evolved in 2025, marked by federal deregulatory trends and active state attorney general enforcement, creating both opportunity and risk for businesses navigating the digital asset market, say attorneys at Cozen O'Connor.
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Opinion
A Uniform Federal Rule Would Curb Gen AI Missteps In Court
To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.
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Investment Advisers Should Stay Apprised Of New AI Risks
The U.S. Securities and Exchange Commission's recently issued annual examination priorities reiterate a host of regulatory implications for investment advisers using artificial intelligence tools, highlighting that meaningful ongoing due diligence can help mitigate both operational and regulatory surprises amid AI's rapid evolution, says Christopher Mills at Sidley.
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AG Watch: Texas Junk Fee Deal Shows Enforcement Priorities
Texas Attorney General Ken Paxton's recent $9.5 million settlement with online travel agency website Booking Holdings for so-called junk fee practices follows a larger trend of state attorneys general who have taken similar action and demonstrates the significant penalties that can follow such allegations, say attorneys at Kelley Drye.
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10th Circ. Dissent May Light Path For Master Account Access
While the Tenth Circuit's majority in Custodia Bank v. Federal Reserve Board recently affirmed Federal Reserve banks' control over master account access, the dissent raised constitutional questions that could support banks seeking master accounts in future litigation, say attorneys at Paul Hastings.
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Series
The Law Firm Merger Diaries: Integrating Practice Groups
Enacting unified leadership and consistent client service standards ensures law firm practice groups connect and collaborate around shared goals, turning a law firm merger into a platform for growth rather than a period of disruption, says Brian Catlett at Fennemore Craig.
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Receivership Law May Streamline Real Estate Sales In Illinois
The Illinois Receivership Act, which goes into effect Jan. 1, provides much-needed clarity on the issue of receivers' sales of commercial real estate and will make the process easier for parties including receivers, special servicers and commercial real estate lenders, say attorneys at Troutman.
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Opinion
Supreme Court Term Limits Would Carry Hidden Risk
While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.