Banking

  • February 10, 2026

    Title Insurer Gets Lender's Fraudulent Loan Suit Trimmed

    A North Carolina federal court trimmed a mortgage lender's suit seeking to recoup $540,000 from a title insurer for a loan that a borrower claimed was fraudulent, saying the insurer had no duty to indemnify the lender because the loss fell within an exclusion for third-party fraud.

  • February 10, 2026

    DOJ Drops Bid For Offshore Asset Freeze In $28M Tax Suit

    The U.S. Department of Justice and a family of overseas-trust beneficiaries struck a partial deal in a $28 million tax suit in Florida federal court, with the DOJ dropping its push to freeze the family's assets and the family agreeing to temporarily limit their account withdrawals.

  • February 10, 2026

    AI Docs Sent By Exec To Attys Not Privileged, Judge Says

    A Manhattan federal judge said Tuesday that a Texas financial services executive accused of a $150 million fraud cannot claim privilege over documents that he prepared using an artificial intelligence service and sent to his attorneys — but suggested the materials could be problematic if used at trial.

  • February 09, 2026

    Ex-Morgan Stanley Pro Scorns Key NBA Witness In Fraud Trial

    Counsel for an ex-Morgan Stanley investment adviser accused of defrauding pro athletes out of millions of dollars leaned hard on former NBA player Chandler Parsons in cross-examination after he testified against his onetime friend and go-to money man as the defense sought to discredit one of the government's key witnesses.

  • February 09, 2026

    Sentencing Commission's Reform Ideas May Cut Prison Time

    Proposed new amendments to the federal sentencing guidelines could lead to shorter prison terms for many offenders, including by revising loss calculations for financial crimes and providing a first-of-its-kind path to reward defendants for post-offense, pre-sentence rehabilitative efforts.

  • February 09, 2026

    Meta Allows Pump-And-Dump Scam Ads, New Suit Says

    A new proposed class action in California federal court alleges Meta Platforms Inc. knowingly allowed pump-and-dump scammers to advertise on its platform and to promote and falsely inflate the prices of certain stocks before selling their shares, gaining millions of dollars from Meta users.

  • February 09, 2026

    4th Circ. Reopens Class Action Door In Navy Federal Bias Suit

    A panel of the Fourth Circuit said Monday that a federal district judge moved too quickly in foreclosing class action status in a lawsuit accusing Navy Federal Credit Union of mortgage lending discrimination, ruling that class allegations should not have been altogether struck down before discovery. 

  • February 09, 2026

    Fifth Third Aided Ex-Mayor's $1.8M Theft, Ill. Village Claims

    Fifth Third Bank knew a former mayor of a Chicago suburb was misappropriating municipal funds but "deliberately refrained" from investigating the misconduct and ultimately helped her misappropriate $1.89 million, according to a lawsuit filed Friday in state court.

  • February 09, 2026

    9th Circ. Backs Comerica's Escape From Investor Suit

    The Ninth Circuit backed Comerica's win in an investor dispute led by a pension fund accusing the bank of misleading investors about its oversight of a U.S. Department of the Treasury contract, concluding a California federal judge was right to permanently toss the case for failure to state a claim.

  • February 09, 2026

    Banking Group Of The Year: Paul Weiss

    Paul Weiss Rifkind Wharton & Garrison LLP's financial institutions team helped guide TD Bank to a record-setting U.S. anti-money laundering resolution while also defending Citigroup, Deutsche Bank and Mastercard in high-stakes antitrust litigation, earning it a place among the 2025 Law360 Banking Groups of the Year.

  • February 09, 2026

    Pot Co. Seeks Default Judgment Against Defunct 'Neobank'

    Cannabis company Killa Bees Distribution LLC has asked an Oregon federal court to enter a default judgment against the defunct 'neobank' it says failed to return nearly $127,000 in bounced checks.

  • February 09, 2026

    NY Judge OKs $4M Bond While Wind Farm Case Is Appealed

    A New York federal judge has stayed the enforcement of a judgment favoring a Chinese company against Orient Commercial Joint Stock Bank in a wind farm dispute as the Vietnamese bank appeals an earlier order, also approving a $4 million bond tendered with OCB's motion to stay.

  • February 09, 2026

    Pullman & Comley Says Lender Can't Sue Over $16.2M Deal

    Pullman & Comley LLC on Monday said a Connecticut judge lacks jurisdiction to hear legal malpractice and related claims from a lender that loaned $16.2 million to the corporate arm of a municipal housing authority, arguing the housing entity, not the lender, was its only client.

  • February 09, 2026

    Baker Donelson Adds CFPB Founding Atty In DC

    A founding member of the Consumer Financial Protection Bureau who co-founded and spent the past 2½ years as co-leader of boutique SeldenLindeke LLP, has joined Baker Donelson Bearman Caldwell & Berkowitz PC in Washington, D.C., as a shareholder, the firm announced Monday.

  • February 09, 2026

    Deutsche Bank Escapes FDIC's RMBS Underwriter Claims

    A brokerage and investment banking arm of Deutsche Bank ducked a lawsuit the Federal Deposit Insurance Corp. had brought against it over investment losses suffered by now-failed Citizens National Bank, after a New York federal judge determined Monday it did not have a relevant role in underwriting residential mortgage-backed securities Citizens bought more than two decades ago.

  • February 09, 2026

    State Street Says Kronos Data Breach Cost It $27.6M

    Human resources software provider UKG Kronos has failed to adequately address a 2021 data breach that left State Street Bank without access and put it at legal risk in multiple countries, the financial services company said in a $27.6 million lawsuit filed in Massachusetts state court.

  • February 09, 2026

    Wells Fargo To Arbitrate Claims Over Excessive Fees

    A North Carolina federal judge has granted Wells Fargo Bank's motion to compel arbitration for claims alleging it overcharged military members with excessive rates and fees, and recommended a proposed class action be dismissed.

  • February 06, 2026

    WithU, Scratchpay Sued Over Alleged 568% Loan Interest Rate

    Online direct lender WithU and California fintech platform Scratchpay were hit with a proposed class action in Washington federal court on Friday by a consumer who claims he was cornered into borrowing a loan with a nearly 568% interest rate to pay for his cat's cancer treatment.

  • February 06, 2026

    Paycheck Advances Aren't Loans, Fintech Orgs Tell 9th Circ.

    Fintech trade groups on Friday urged the Ninth Circuit to rein in class litigation over earned wage access products, arguing it should recognize the products as distinct from credit under federal lending laws or risk upending a popular, safer alternative to traditional loans.

  • February 06, 2026

    $8M Rent-To-Own Class Settlements Get Final OK

    Five years of litigation — split between sister suits in North Carolina state and federal court — revolving around allegedly exorbitant fees on rent-to-own contracts for storage sheds ended this week after both courts entered final judgments and cemented a combined $8 million settlement.

  • February 06, 2026

    'Very Bizarre': Trump's Funding Freeze Appeal Vexes DC Circ.

    D.C. Circuit judges struggled Friday with whether to unblock a federal funding freeze carrying multitrillion-dollar implications, as a Trump administration lawyer disclaimed interest in a vast spending halt but also dodged opportunities to rule it out unequivocally.

  • February 06, 2026

    Wintrust Beats Mortgage Loan Racial Bias Suit For Good

    Wintrust Financial Corp. and a mortgage lender subsidiary no longer face a proposed class action accusing them of discriminating against Black homebuyers after an Illinois federal judge found the amended suit doesn't show that the alleged discrimination was intentional or resulted in disparate lending outcomes.

  • February 06, 2026

    Fla. Real Estate Developer Looks To Escape PE Fraud Suit

    A real estate developer urged a Florida federal court on Thursday to toss a lawsuit brought by former private equity business partners alleging at least $25 million fraud, saying the complaint is a "hodgepodge of mutually exclusive theories" that claim ownership and divestment of several investment companies at the same time.

  • February 06, 2026

    NY Law Firm Can't Pause Client's R&W Coverage Arbitration

    A New York state court rejected a law firm's request to pause arbitration related to a buyer-side representations and warranties policy that the firm's client issued to a bank, saying the firm lacked standing to seek a stay because it is a stranger to the arbitration proceedings.

  • February 06, 2026

    Holland & Knight Adds Troutman Atty In Financial Services

    Holland & Knight LLP announced the hiring of a former partner at Troutman Pepper Locke LLP for its financial services practice group in New York.

Expert Analysis

  • 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.

  • NY Tax Talk: New ALJs, New Rules, Apportionment, Bundling

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    Attorneys at Eversheds review the top New York tax law developments from last quarter, including appointments to the New York City Tax Appeals Tribunal and the city's proposed rules to clarify income taxation of foreign corporations, and highlight two litigation matters to watch.

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