Banking

  • July 25, 2025

    Dentons Stalling Discovery In Terraform Ch. 11, Court Told

    The bankruptcy plan administrator for failed cryptocurrency platform Terraform Labs has accused Dentons US LLP of blocking his discovery requests in an attempt to secure final approval of some $25 million in fees, saying the law firm is seeking to "run out the clock" to dodge an investigation into its role in Terraform's collapse.

  • July 25, 2025

    Latham-Led Strategy Raises $2.5B To Acquire More Bitcoin

    Entrepreneur Michael Saylor's Strategy Inc., advised by Latham & Watkins LLP, on Friday priced yet another preferred stock offering that raised $2.5 billion in order to acquire bitcoin, a move that comes as the company has been ramping up its capital-raising efforts to stockpile the flagship cryptocurrency.

  • July 25, 2025

    Switzerland Faces $5B Claim After Credit Suisse Collapse

    Switzerland is facing another claim arising from the 2023 collapse of Credit Suisse and the write-down of some $17 billion worth of Additional Tier 1 bonds, as global law firm Holman Fenwick Willan LLP announced its intention to file a $5 billion investor-state claim against the country on behalf of a "substantial group" of bondholders.

  • July 25, 2025

    Hospital Giant To Pay $3.5M Over Nurse Training Repayments

    HCA Healthcare Inc., a major U.S. hospital operator, has agreed to pay roughly $3.5 million to settle claims that it unlawfully trapped new nurses in agreements requiring them to repay training costs if they left their jobs within two years, according to a trio of state attorneys general.

  • July 25, 2025

    Fried Frank M&A Leader Sees Silver Lining Amid Uncertainties

    After nearly a decade as co-head of Fried Frank's M&A and private equity practice, seasoned corporate attorney Steve Epstein has learned how to roll with the punches — and the current market has delivered plenty.

  • July 25, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the owner of a £6 million ($8 million) mansion once rented by Adele sue real estate consultants Strutt & Parker, Romanian-Australian mining investor Vasile Frank Timis bring a claim against reputation and privacy firm Schillings, and a Chinese businessman bring a legal action against his former lawyer over an alleged £12.5 million mortgage fraud.

  • July 25, 2025

    Crypto Group Appoints Ex-Legal Chief, Willkie Alum As CEO

    A Willkie Farr & Gallagher LLP alum will become the Crypto Council for Innovation's permanent leader after serving as acting CEO since December and previously serving as chief legal and policy officer.

  • July 25, 2025

    3 Firms Advise On $8.6B Pinnacle-Synovus Merger Deal

    Pinnacle Financial Partners and Synovus Financial Corp. have agreed to combine in an all-stock transaction valued at about $8.6 billion, with three law firms guiding a deal that the companies said will create the "highest-performing regional bank focused on the fastest-growth markets in the Southeast."

  • July 24, 2025

    Judge Won't Block Exela Ch. 11 Plan For Claims Dilution Suit

    A Texas bankruptcy judge Thursday declined to stop automation technology group Exela from exiting Chapter 11 next week, but said he would condition the over $1 billion debt-for-equity swap plan's effectiveness on a roughly 30% recovery rate for its general unsecured claims.

  • July 24, 2025

    5th Circ. Loath To Say Guilty Plea Implicated Brother In Fraud

    A Fifth Circuit panel seemed skeptical of a convicted Dallas fraudster's argument that the jury's learning of his brother's guilty plea in a conspiracy indictment tainted his own case, asking during oral arguments on Thursday how the guilty plea directly implicated him.

  • July 24, 2025

    Wash. AG Sues Contractor To Keep Benefits Data From Feds

    Washington State Attorney General Nick Brown launched a lawsuit in Evergreen State court on Thursday seeking to block a fintech contractor from providing the federal government with the private details of food assistance benefit recipients, saying the Trump administration intends to use the data for its "mass deportation project."

  • July 24, 2025

    Trump Ally's Fund Firm Sues Powell Over Meeting Secrecy

    An investment firm led by a supporter of President Donald Trump sued Federal Reserve Chairman Jerome Powell and several members of the Federal Open Market Committee on Thursday, demanding public access to monetary policy meetings, saying that for the last 50 years, the committee has illegally held every one of its meetings behind closed doors.

  • July 24, 2025

    Forex Firm Argentex Placed Into Administration

    United Kingdom-based currency risk manager Argentex said it has appointed administrators after suffering a "rapid" loss of liquidity amid volatility tied to the U.S. trade war.

  • July 24, 2025

    Fintech Orgs. Urge Trump Admin To Back Open Banking Rule

    A coalition of fintech and crypto industry groups on Thursday called on the Trump administration to defend the open banking rule in an ongoing legal challenge after the Consumer Financial Protection Bureau sided with banking trade groups to argue the data-sharing mandate exceeded its authority.

  • July 24, 2025

    Chancery OKs $12.75M Settlement In MoneyLion SPAC Suit

    Saying parts of the deal "reflect a poster-child scenario for the problems and malincentives associated with the de-SPAC form," a Delaware vice chancellor on Thursday approved a $12.75 million settlement in a stockholder suit challenging a take-public deal for digital finance platform MoneyLion.

  • July 24, 2025

    NCUA Board Members 'Glad To Be Back' Amid Trump Fight

    The National Credit Union Administration officials who were ousted this spring by President Donald Trump took part Thursday in their first board meeting since a federal judge reinstated them just two days earlier, even as the court fight for their jobs continues.

  • July 24, 2025

    Feds Can't End Bank Oversight After $3M Redlining Deal

    A Pennsylvania federal judge has rejected the government's bid to release a bank it previously accused of discriminatory lending from court oversight, holding that continued enforcement was "essential" to make sure the terms of a settlement resolving the allegations were adhered to.

  • July 24, 2025

    Bets On Atty's Lien Biz Lost Millions, Investor Tells Jury

    A seasoned investor told a Manhattan federal jury Thursday that he heavily backed a tax-lien fund controlled by a lawyer now accused of fraud, ultimately losing $2.9 million in supposedly low-risk bets where such losses were "not supposed to be possible."

  • July 24, 2025

    Alston & Bird Expands West Coast Reach With LA Funds Atty

    Alston & Bird LLP has hired a former Greenberg Traurig LLP shareholder with in-house investment firm experience as an investment funds partner in Los Angeles.

  • July 24, 2025

    Holland & Knight Hires Longtime Choate Leader In Boston

    A financing and restructuring partner at Choate Hall & Stewart LLP, who spent nearly his entire career spanning more than 30 years with that firm and led its business department for almost two decades, has moved his practice to Holland & Knight's Boston office.

  • July 24, 2025

    Ukrainian State-Owned Bank Targets Russia In New Claim

    State-owned Oschadbank said Thursday it has taken the first steps to initiate arbitration against Russia over the loss of its assets in the southern and eastern regions of Ukraine, citing the Kremlin's "gross violations" of international law.

  • July 23, 2025

    Navy Federal Inks $1.7M Deal Over Rejected Fraud Claims

    Customers of Navy Federal Credit Union have asked a California judge to give an initial nod to a proposed $1.7 million deal ending class action claims the credit union "mechanically" rejected fraud claims after they saw accounts drained of funds by unauthorized users.

  • July 23, 2025

    CFPB Sued Over Retreat From Biden-Era Small-Biz Loan Rule

    The Consumer Financial Protection Bureau was sued Wednesday in Washington, D.C., federal court over claims it is illegally dismantling a data-collection rule meant to expose discrimination in small-business lending, the latest twist in multi-front litigation over the Biden-era measure.

  • July 23, 2025

    Fla. Man Gets 5 Years In Jail For Hiding Swiss Bank Accounts

    A Florida federal judge on Wednesday sentenced a Miami man to five years in prison on a conspiracy-related count in connection with evading taxes on approximately $20 million he held in Swiss bank accounts and setting up trusts in an attempt to hide assets.

  • July 23, 2025

    Trump Admin Appeals Ruling On NCUA Board Member Firings

    The Trump administration has asked a Washington, D.C., federal judge to pause a ruling reinstating two ousted Democratic members of the National Credit Union Administration board, arguing the decision represents an "extraordinary intrusion" into presidential power and is being swiftly appealed.

Expert Analysis

  • How Trump Admin Treasury Policies Are Reaching Banks

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    The Treasury Department has emerged as an important facilitator of the Trump administration's financial policies affecting banks, which are now facing deregulation domestically and the use of international economic authorities in cross-border trade and investment, say attorneys at Davis Polk.

  • Series

    My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • A Look At DOJ's Dropped Case Against Early Crypto Operator

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    The prosecution of an early crypto exchange operator over alleged unlicensed money transmission was recently dropped in Indiana federal court, showcasing that the U.S. Justice Department may be limiting the types of enforcement cases it will bring against digital asset firms, say attorneys at Greenberg Traurig.

  • Policy Shifts Bring New Anti-Money Laundering Challenges

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    In the second half of 2025, the U.S. anti-money laundering regulatory landscape is poised for decisive shifts in enforcement priorities, compliance expectations and legislative developments — so investment advisers and other financial institutions should take steps to prepare for potential new obligations and areas of risk, say attorneys at Linklaters.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Series

    Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Rocket Mortgage Appeal May Push Justices To Curb Classes

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    Should the U.S. Supreme Court agree to hear Alig v. Rocket Mortgage, the resulting decision could limit class sizes based on commonality under Rule 23 of the Federal Rules of Evidence as opposed to standing under Article III of the U.S. Constitution, say attorneys at Carr Maloney.

  • How State AG Consumer Finance Enforcement Is Expanding

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    As the Consumer Financial Protection Bureau becomes less active, state attorneys general are increasingly shaping the enforcement landscape for consumer financial services — and several areas of focus have recently emerged, say attorneys at Morgan Lewis.

  • Series

    Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • 2025's First Half Brings Regulatory Detours For Fintechs

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    The first half of the year has resulted in a bifurcated regulatory environment for fintechs, featuring narrowed enforcement in some areas, heightened scrutiny in others and a policy window that, with proper compliance, offers meaningful opportunities for innovation, say attorneys at Sheppard Mullin.

  • Opinion

    Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

  • Comparing Stablecoin Bills From UK, EU, US And Hong Kong

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    For multinational stablecoin issuers, navigating the differences and similarities among regimes in the U.K., EU, Hong Kong and U.S., which are currently unfolding in several key ways, is critical to achieving scalable, compliant operations, say attorneys at Morgan Lewis.

  • Tips For Litigating Apex Doctrine Disputes Amid Controversy

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    Litigants once took for granted that deposition requests of high-ranking corporate officers required a greater showing of need than for lower-level witnesses, but the apex doctrine has proven controversial in recent years, and fights over such depositions will be won by creative lawyers adapting their arguments to this particular moment, say attorneys at Hangley Aronchick.

  • Series

    Performing As A Clown Makes Me A Better Lawyer

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    To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

  • A Guide To Permanent Capital Vehicles As Access Widens

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    Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown.

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