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Banking
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February 11, 2026
SC High Court Probes Clerk's Misconduct In Murdaugh Appeal
The South Carolina Supreme Court on Wednesday closely inspected Alex Murdaugh's appeal claiming the jury in his high-profile double-murder trial was biased because of comments made by a clerk of court, voicing questions and statements favorable to the disgraced lawyer's arguments.
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February 11, 2026
NBA Pro Says He Would've Balked At Deal Over Adviser's Role
A former New York Knicks shooting guard on Wednesday testified that he didn't know his former Morgan Stanley adviser had a stake in the player's $2.1 million life insurance investment and would have passed on the deal had he known, echoing testimony from two other NBA veterans.
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February 11, 2026
Paxful Sentenced To $4M Fine Over Compliance Failures
A California federal judge sentenced now-shuttered crypto exchange Paxful Holdings Inc. to a $4 million penalty in line with a December 2025 plea agreement that saw the firm cop to anti-money laundering failures that enabled illicit transfers of criminal proceeds.
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February 11, 2026
JPMorgan Says Calif. City's Interest-Rate Swap Suit Is Barred
JPMorgan Chase & Co. has sued in Manhattan federal court to block Richmond, California, from pursuing a new lawsuit of its own over past interest-rate swap transactions, alleging the city's case breaches a 2015 settlement by seeking millions of dollars for already-released claims.
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February 11, 2026
Crypto Scam Victims Can't Sue Signature Bank, 2nd Circ. Says
The Second Circuit has upheld the dismissal of a suit by a cryptocurrency trading club against the Federal Deposit Insurance Corp., as receiver of the failed Signature Bank, alleging negligence by the bank led to the club being defrauded and losing much of the $33 million invested in it.
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February 11, 2026
Apple Keeps PTAB Win Over Fintiv Patent Claims At Fed. Circ.
The Federal Circuit on Wednesday upheld Apple's Patent Trial and Appeal Board win in its challenge to claims in a patent issued to the defunct Austin, Texas-based mobile payment startup that would become Fintiv.
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February 11, 2026
Banking Group Of The Year: Sullivan & Cromwell
Sullivan & Cromwell LLP's financial services practice steered Discover through its nearly $51 billion merger with Capital One and shepherded SVB Financial Group through its Chapter 11 proceedings after Silicon Valley Bank failed, earning a spot among the 2025 Law360 Banking Groups of the Year.
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February 10, 2026
Ill. Tax, Tip Swipe Fee Ban Survives Banks' Challenge
An Illinois federal judge Tuesday cleared most of a landmark Illinois law banning swipe fees on tax and tip payments to take effect this summer, dealing a major blow to banking industry groups that sought to block the law altogether.
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February 10, 2026
5th Circ. Says Bank Worker's ERISA Claims Can Be Arbitrated
The Fifth Circuit on Tuesday held that a former employee at a Texas-based bank must arbitrate his proposed class claims accusing the bank of failing to invest retirement funds, reversing a lower court's finding that the arbitration clause didn't apply to him because it was added after his employment ended.
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February 10, 2026
7th Circ. Mulls Outcome Health Execs' $1B Fraud Convictions
Seventh Circuit judges hearing former Outcome Health executives' challenge to a $1 billion fraud conviction seemed critical of the U.S. government's handling of the case on Tuesday as they questioned why its admitted asset over-restraint and introduction of certain grand jury statements should not require reversal.
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February 10, 2026
Colony Ridge To Pay $68M To End DOJ, Texas Lending Case
Houston-area developer Colony Ridge will pay $68 million to settle with the U.S. government and state of Texas over claims that it targeted Hispanic consumers with predatory land sales and financing, the U.S. Department of Justice said Tuesday.
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February 10, 2026
Swipe-Fee Class Wants Personal Injury Firm Sanctioned
A class of merchants in a lengthy antitrust litigation against Visa and Mastercard is seeking sanctions against a personal injury firm and one of its referral partners, arguing the third-party entities have repeatedly misled would-be class members about the case's settlement and how much recovery they might receive.
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February 10, 2026
BlackRock Brass Face Derivative Suit Over Coal Investments
Several officers and directors of BlackRock have been hit with a shareholder's derivative suit accusing them of damaging the asset manager's reputation by participating in a scheme to drive up coal prices, an issue at the center of an antitrust suit brought by a coalition of Republican-led states.
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February 10, 2026
HSBC Ignored $8M Pig Butchering Scam Warnings, Suit Says
A retired anesthesiologist and his sons have sued HSBC's U.S. arm, accusing it of ignoring warning signs and allowing scammers to siphon more than $8 million from the elderly retiree's accounts through an international "romance pig butchering" fraud.
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February 10, 2026
Financial Services Forum Taps Ex-Truist Exec For GC
Banking industry group Financial Services Forum has hired a general counsel who most recently was a senior Truist Financial Corp. lawyer and who previously worked at the Federal Reserve Board of Governors as senior counsel in its legal division.
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February 10, 2026
Biz Says Bank Unit Wrongfully Put It On High-Risk List
A family-owned cutlery seller told a Georgia federal court Tuesday that a U.S. Bank payment processing subsidiary wrongfully placed it on a list that flags businesses for suspicion of high-risk behavior and terminated its payment processing services without justification.
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February 10, 2026
Feds Argue Russian Billionaire Lacks Yacht Ownership
The U.S. Department of Justice urged the Second Circuit to affirm a district court decision that authorized the United States to sell a Russian billionaire's seized superyacht, arguing he can't suffer the loss of something he barely owns.
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February 10, 2026
'Pig Butchering' Fugitive Gets 20 Years For $73M Crypto Scam
A dual citizen of China and Saint Kitts and Nevis was sentenced in absentia to 20 years in prison and three years supervised release for his role in an international money laundering scheme that laundered over $73 million worth of criminal proceeds obtained through so-called "pig butchering" cryptocurrency investment scams.
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February 10, 2026
Wash. Judge Won't Block Racial Equity Housing Program
A nonprofit aimed at "overcoming identity politics" cannot preliminarily block a Washington state housing program designed to reduce racial disparities in homeownership, a Seattle federal judge ruled, saying the group has not shown it is likely to succeed on its claim that the program is unconstitutional.
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February 10, 2026
Chinese Bank Targets Expat Over $209M Awards
A Chinese bank is urging a California federal court to impose an asset freeze on a businessman who has ignored some $209 million in arbitral awards after his company defaulted on loans aimed at funding an urban renewal project in southeastern China.
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February 10, 2026
Paul Hastings Lands 8 More Attys For New Charlotte Office
A second group of fund finance lawyers has joined Paul Hastings LLP's new Charlotte, North Carolina, office from Cadwalader Wickersham & Taft LLP, Haynes Boone and Mayer Brown LLP.
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February 10, 2026
Presidio Seeks $1B Debt To Fund Deals After SPAC Merger
Oil and gas operator Presidio Investment Holdings on Tuesday revealed that it is working with banking giant Goldman Sachs on a debt facility worth up to $1 billion to be administered once it completes its merger with special purpose acquisition company EQV Ventures Acquisition Corp. and becomes a public company.
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February 10, 2026
Banking Group Of The Year: Orrick
Orrick Herrington & Sutcliffe LLP's attorneys secured billions of dollars' worth of victories for major financial institutions over the past year, including a more than $282 million judgment tied to a collapsed fintech company and decisive appellate and trial wins in liability management and IPO litigation, earning it a place among the 2025 Law360 Banking Groups of the Year.
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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.
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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.
Expert Analysis
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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.
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The SEC Whistleblower Program A Year Into 2nd Trump Admin
The U.S. Securities and Exchange Commission's whistleblower program continues to operate as designed, but its internal cadence, scrutiny of claims and operational structure reflect a period of recalibration, with precision mattering more than ever, say attorneys Scott Silver and David Chase.
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Key Crypto Class Action Trends And Rulings In 2025
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.
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How New SEC Policies Shift Shareholder Proposal Landscape
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.
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Series
Knitting Makes Me A Better Lawyer
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.
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The Hidden Pitfalls Of Letters Of Credit In Lease Negotiations
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.
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Series
The Biz Court Digest: Welcome To Miami
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.
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Identifying And Resolving Conflicts Among Class Members
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.
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Recent Proposals May Spell Supervision Overhaul For Banks
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.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
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.
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Where Things Stand At The CFPB As Funding Dries Up
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.
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Terrorist Label For Maduro Poses New Risks For US Firms
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.
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Series
The Law Firm Merger Diaries: Getting The Message Across
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.
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How Bank-Fintech Partnerships Changed In 2025
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.