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Banking
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November 26, 2025
Conn. High Court Snapshot: Utilities Fight Regulator's Orders
Connecticut Supreme Court justices will spend part of their upcoming term wading into battles between utility companies and the agency tasked with regulating them, which could shape state authority on issues from emergency response requirements to contract interpretation.
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November 26, 2025
Weil Elects 17 New Partners In US, Europe
Weil Gotshal & Manges LLP has elected 17 lawyers to join its partnership as part of a wider round of promotions in which the firm has also boosted its counsel numbers.
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November 25, 2025
MoonPay Secures NY Trust Charter For Crypto Custody
Cryptocurrency firm MoonPay announced Tuesday that New York State Department of Financial Services has given it the green light to provide crypto custody and over-the-counter trading services as a New York limited purpose trust company.
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November 25, 2025
Bitcoin Depot Unit Hit With $18.5M Arbitration Award
The parent of a Canadian company that develops software allowing global network users to deposit cash for Bitcoin or exchange Bitcoin for cash said its subsidiary was hit with an $18.47 million arbitral award in a dispute with a bankrupt operator of cryptocurrency ATMs.
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November 25, 2025
Ex-Bank GC Faces Garnishments After $7M Restitution Order
Fidelity Brokerage Services LLC has told the Connecticut federal court it blocked a former Webster Bank general counsel from drawing money from five accounts totaling close to $178,000 in response to recent garnishment actions, presumably filed by prosecutors to satisfy part of a $7.4 million fraud restitution order.
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November 25, 2025
Feds Advance Plans To Dial Back Leverage Capital Rules
Federal regulators on Tuesday signed off on changes that will ease a key capital backstop for the biggest banks and unveiled a separate proposal to relax a simplified, optional capital standard for smaller banks.
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November 25, 2025
Texas Woman Says Business Group CEO Assaulted Her
The founder of a Texas business advocacy group is suing the state's largest business association and its CEO, saying he maneuvered his way to head her group and used his leverage to try to coerce her into a sexual relationship, then assaulted her.
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November 25, 2025
StubHub Hit With Investor Suit Over Pre-IPO Disclosures
Online ticket reseller Stubhub was hit with a proposed shareholder class action in New York federal court accusing it and several of its executives and underwriters of concealing changes to the company's operations that would impact its free cash flow ahead of its initial public offering earlier this year.
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November 25, 2025
Circus, Bank Of America Agree To Wrap Up Online Theft Suit
An Atlanta-based circus company and Bank of America have struck a tentative deal to end a lawsuit claiming the financial services giant let online thieves siphon off more than $4.8 million of the circus' funds, according to a filing in Georgia federal court.
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November 25, 2025
Winston & Strawn Promotes 18 To Partner
Winston & Strawn LLP has elevated 18 attorneys to partner, two shy of last year's class.
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November 25, 2025
Cannabis Co. Says $1.5M Default In Contract Dispute Is Void
A cannabis company is urging a Los Angeles state court to set aside a $1.5 million default judgment against it in a contract dispute, saying the judgment goes far beyond what's allowable under state law.
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November 25, 2025
Solar Energy Co. PosiGen Hits Ch. 11 After Loan Breach Suit
Solar energy company PosiGen has entered into bankruptcy in Texas lugging at least $100 million in debt roughly a month after it was sued in a case alleging a breach of loan agreements.
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November 24, 2025
Justices Asked To Curtail Qualified Immunity's Application
A legal group dedicated to rolling back administrative power is urging the U.S. Supreme Court to take up the National Rifle Association's suit against a New York official for investigating insurance companies that worked with the gun-rights organization, arguing the Second Circuit was wrong when it ruled that the official was entitled to qualified immunity.
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November 24, 2025
Pa. Panel Upholds Trustee's Conviction Over Drained Account
A Pennsylvania appellate panel upheld a business owner's conviction and sentence for draining his grandparents' investment account to support his floundering seafood company, finding Monday that he never got the needed approvals from his father and uncle.
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November 24, 2025
Digital-Focused SWB To Go Public Via $8.1B SPAC Merger
Financial services firm SWB announced Monday that it plans to go public through an $8.1 billion business combination deal shepherded by teams at Sichenzia Ross Ference Carmel LLP and Ellenoff Grossman & Schole LLP, which will lay the foundation for the firm's plans to issue a stablecoin and launch a novel international bank.
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November 24, 2025
CFPB Union Asks Court To Neutralize Fed Funding Block
The federal labor union suing over the dismantling of the Consumer Financial Protection Bureau has asked a Washington, D.C., federal judge to rule that the Trump administration may not shut down the agency simply by refusing to replenish its Federal Reserve funding.
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November 24, 2025
Firstrust Savings Bank Hit With 401(k) Investment Suit
A former Firstrust Savings Bank employee has brought class claims against the bank, alleging it mismanaged workers' retirement savings plans by making employees invest in the bank's underperforming proprietary fund.
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November 24, 2025
Credit Suisse Denies Role In Tech Exec's Alleged Stock Theft
Credit Suisse has urged a New York federal judge to let it out of a lawsuit by an Aeva Technologies co-founder who claims the banking giant provided "institutional cover" to conspirators who allegedly stole tens of millions of dollars, arguing that it also fell victim to the scam.
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November 24, 2025
Ex-US Bank Team Seeks Charter For 'Digital First' Valt Bank
A proposed digital bank built by a group of former U.S. Bank employees has filed for a national charter with the help of its Otteson Shapiro counsel to offer both traditional banking and advisory services aimed at "digitally oriented" businesses.
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November 24, 2025
Schwab's Antitrust Deal Gets Final OK Over Objections
The Charles Schwab Corp. and a group of investors Monday received a Texas federal judge's final approval of a settlement of a lawsuit challenging the financial services company's merger with TD Ameritrade on antitrust grounds, following dozens of objections by the Iowa attorney general and others.
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November 24, 2025
Justices Won't Hear Suit Over Trump's NCUA Firings, For Now
The U.S. Supreme Court said Monday that it won't immediately take up a challenge to President Donald Trump's removal of two National Credit Union Administration board members, turning down a request to hear the case alongside its review of his power to fire Federal Trade Commission members.
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November 24, 2025
Smith Ventures, CommerceOne Buy Fintech Biz In $1.1B Deal
Fintech company Green Dot Corp. on Monday announced that it has agreed to be bought by Smith Ventures and CommerceOne Financial Corp. in deals that total $1.1 billion and were built by three law firms.
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November 24, 2025
High Court Won't Revive UBS Retaliation Case Again
The U.S. Supreme Court on Monday said it would not again take up a fired UBS worker's whistleblower retaliation lawsuit concerning whether the Sarbanes-Oxley Act requires whistleblowers to show proof of discrimination or proof of retaliation.
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November 21, 2025
FINRA Fines Nomura $625K Over Short Selling Rule Breaches
A broker-dealer unit of Japanese financial services company Nomura Group has agreed to pay $625,000 to end Financial Industry Regulatory Authority claims tied to its compliance with short-selling regulations.
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November 21, 2025
CFPB Inks $1.75M MoneyLion Deal Over Military Lending
The Consumer Financial Protection Bureau reached a $1.75 million settlement with MoneyLion Technologies Inc. to end a Biden-era enforcement action in New York federal court that accused the fintech lender of overcharging military service members.
Expert Analysis
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What Ethics Rules Say On Atty Discipline For Online Speech
Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo.
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A Mortgage Lender's Guide To State Licensing Overhaul
Recent changes to the Conference of State Bank Supervisors' Nationwide Mortgage Licensing System require careful attention and planning from mortgage lenders, including tweaks to remote work designations and individual disclosure questions, says Allison Schilz at Mitchell Sandler.
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2 Rulings Highlight IRS' Uncertain Civil Fraud Penalty Powers
Conflicting decisions from the U.S. Tax Court and the Northern District of Texas that hinge on whether the IRS can administratively assert civil fraud penalties since the U.S. Supreme Court’s 2024 decision in SEC v. Jarkesy provide both opportunities and potential pitfalls for taxpayers, says Michael Landman at Bird Marella.
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Junior Attys Must Beware Of 5 Common Legal Brief Mistakes
Excerpt from Practical Guidance
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.
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As Student Loan Outlook Dims, What Happens To The Banks?
While much of the news around the student loan crisis focuses on the direct impact on young Americans' decreasing credit scores, the fate of the banks themselves — and the effect on banking policy — has been largely left out of the narrative, says Madeline Thieschafer at Fredrikson & Byron.
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Digital Asset Report Opens Doors For Banks, But Risks Linger
A recent report from a White House working group discussing digital asset market structure signals how banks may elect to expand into digital asset custody, trading and related services in the years ahead, but the road remains layered with challenges, say attorneys at Foley & Lardner.
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Series
Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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5 Real Estate Takeaways From Trump's Sweeping Tax Law
Changes to the Internal Revenue Code included in the One Big Beautiful Bill Act will have a range of effects on real estate sponsors, investors and real estate investment trusts — from more compliance flexibility around taxable REIT subsidiary limits to new considerations raised by a key retaliatory tax provision that was left out, say attorneys at DLA Piper.
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Series
Playing Softball Makes Me A Better Lawyer
My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.
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Analyzing AI's Evolving Role In Class Action Claims Admin
Artificial intelligence is becoming a strategic asset in the hands of skilled litigators, reshaping everything from class certification strategy to claims analysis — and now, the nuts and bolts of settlement administration, with synthetic fraud, algorithmic review and ethical tension emerging as central concerns, says Dominique Fite at CPT Group.
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11th Circ.'s FCRA Standing Ruling Offers Compliance Lessons
The Eleventh Circuit's recent decision in Nelson v. Experian on establishing Article III standing under the Fair Credit Reporting Act should prompt businesses to survey FCRA compliance programs, review open matters for standing defenses and refresh training materials, say attorneys at Nixon Peabody.
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Series
Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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How Prohibiting Trigger Leads May Affect Mortgage Marketing
Recent amendments to the Fair Credit Reporting Act prohibiting the sale of trigger leads mark a significant shift in the regulatory landscape for mortgage lenders, third-party lead generators and their legal counsel, who should reevaluate lead generation strategies and compliance protocols, say Joel Herberman, Rob Robilliard and Leah Dempsey at Brownstein Hyatt.
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How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.
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Pemex Bribery Charges Provide Glimpse Into FCPA Evolution
A recently unsealed indictment against two Mexican nationals for allegedly bribing officials at Pemex, Mexico’s state-owned oil company, reveals that Foreign Corrupt Practices Act enforcement is adapting to new priorities, but still remains active, and compliance programs should continue apace, say attorneys at Crowell & Moring.