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Banking
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January 21, 2026
Ex-TD Bank Worker Cops To Taking Money Laundering Bribes
A former New Jersey-based TD Bank NA employee pled guilty on Wednesday to accepting bribes and leveraging his position to facilitate the movement of over $26 million to Colombia through TD Bank accounts.
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January 21, 2026
Ukraine Bank Urges Justices To Take Up Immunity Question
A Ukraine-owned bank has asked the U.S. Supreme Court to resolve whether countries that agree to arbitrate an international dispute are also waiving their right to assert sovereign immunity in subsequent litigation to enforce a foreign judgment confirming an arbitral award.
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January 21, 2026
Schwab Nixed From DOL Enforcement Suit Against Other Firm
A Pennsylvania federal judge on Wednesday dismissed two Schwab companies from a U.S. Department of Labor enforcement case, finding the financial services providers' participation was no longer needed in the agency's dispute against another firm.
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January 21, 2026
Fed. Circ. Won't Reinstate Text-Tracking Patent Case
The Federal Circuit on Wednesday affirmed a lower court's decision declining a cellular data-tracking company's request for a new trial, rejecting the company's arguments that the district judge's claim construction had been erroneous.
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January 21, 2026
AI Recruiting Co. Eightfold Sued Over Job Applicant 'Dossiers'
Job applicants have hit Eightfold AI with a proposed class action in California court, alleging the artificial intelligence company's business model violates longstanding consumer protection statutes by using "opaque" closely guarded AI algorithms to scrape personal data and generate "dossiers" on job applicants for major employers without applicants' knowledge or consent.
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January 21, 2026
Justices Wary Of Greenlighting Trump Bid To Fire Fed's Cook
The U.S. Supreme Court on Wednesday appeared reluctant to let President Donald Trump immediately oust Federal Reserve Gov. Lisa Cook, with multiple justices expressing doubts about administration claims of broad presidential removal power over the central bank.
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January 21, 2026
O'Melveny Corporate Finance Chair Hops To Pillsbury In NY
Pillsbury Winthrop Shaw Pittman LLP has boosted its debt finance capabilities by bringing on the former chair of O'Melveny & Myers LLP's corporate finance practice.
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January 21, 2026
Chancery Gives Solar Roof Co. One Week To Find In-State Atty
The Delaware Chancery Court on Wednesday declined to rule immediately on a request to hold a solar roofing company in contempt for defying a court order, instead pausing the case to give the company time to hire Delaware counsel, a prerequisite to allowing the company to be heard on the merits.
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January 20, 2026
Trump's Bid For Fed Firing Faces Pivotal Supreme Court Test
As President Donald Trump's push to carry out the first-ever firing of a sitting Federal Reserve governor takes center stage at the U.S. Supreme Court, the stakes couldn't be higher: nothing less than control of the central bank is on the line.
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January 20, 2026
FINRA Says Firms Ignored Red Flags About Overseas Biz
The Financial Industry Regulatory Authority has accused a pair of broker-dealers of failing to investigate red flags related to underwriting foreign customers' transactions and of not disclosing certain compensation, while the firms separately sued the regulator in Illinois federal court for overreach they claim blocked them from underwriting engagements.
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January 20, 2026
Investment Cos. Deny Funding Tribal Biz Sued For Payday Loans
Two investment firms have denied they secretly controlled a tribally affiliated short-term lending company that is being sued in North Carolina federal court by a class of borrowers who say it's handing out supposedly illegal payday loans that charge annual interest rates as high as 490%.
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January 20, 2026
FTC, Doxo Trade Blows In Online Consumer Deception Case
As the Federal Trade Commission pushes for a pretrial win in its case accusing online bill pay platform Doxo Inc. of duping consumers into paying extra fees, the Seattle-based firm has called out the agency for "targeting a company for sticking up for itself" and seeking to bankrupt its executives.
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January 20, 2026
Law360 Names Firms Of The Year
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.
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January 20, 2026
9th Circ. Revives Malpractice Suit Against Bankruptcy Atty
The Ninth Circuit Tuesday reinstated a California woman's malpractice lawsuit against her bankruptcy attorney, but said the bankruptcy court needs to significantly narrow the permission to sue it granted to the debtor.
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January 20, 2026
SEC Picks Kirkland Partner For Corp. Finance Deputy Director
The U.S. Securities and Exchange Commission announced Tuesday that a Kirkland & Ellis LLP partner and counsel to a former commissioner will be deputy director of the Division of Corporation Finance.
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January 20, 2026
Ex-Mars Exec Deserves 'Substantial' Fraud Sentence, Feds Say
A former Mars Inc. risk executive who admitted to pulling off a $28.4 million fraud scheme should spend a "substantial" amount of time in prison, prosecutors told a Connecticut federal judge, noting that the parties agreed to a guidelines range of around seven to 11 years.
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January 20, 2026
FTX Trust Hit With Sanctions After Ch. 11 Donation Fight Loss
The FTX Recovery Trust is facing sanctions after losing its bid to claw back a $650,000 bonus given to an employee of the defunct cryptocurrency exchange that was earmarked for charitable purposes, with a Delaware bankruptcy judge saying the trust's efforts were harmful to all parties involved.
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January 20, 2026
2nd Circ. Says US Not Venue For Kazakhstani Gov't Dispute
A Second Circuit panel refused to revive a Kazakhstani businessman's suit against his business partners and the country's National Security Committee over an alleged scheme that made him take the fall for misappropriated funds used for bribes, determining the suit didn't belong in the U.S.
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January 20, 2026
CFTC Chair Calls Up Ex-BigLaw Atty For Adviser Role
U.S. Commodity Futures Trading Commission Chair Michael Selig on Tuesday appointed a former Simpson Thacher & Bartlett LLP crypto attorney and a former Treasury Department employee to advise him as he promised to update the agency's rulebook to "unleash innovation."
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January 20, 2026
Lender Says Distillery Partner Diverted Funds Meant For Bills
A minority owner of Pittsburgh-based Maggie's Farm distillery allegedly took $10,000 from the business for his own venture with the help of an employee and a partner from Maiello Brungo Maiello, according to a lender that's allegedly owed $1.9 million from the struggling business.
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January 20, 2026
2 Financial Companies Unveil Plans For Total $600M IPOs
Two private equity-backed financial-focused companies launched plans for their public debuts Tuesday, disclosing to U.S. regulators plans to raise a combined $600 million between the two initial public offerings.
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January 20, 2026
King & Spalding Rehires Trade Atty From Stripe
King & Spalding LLP has rehired a former senior international trade associate in Washington, D.C., who has spent the past eight years in varying iterations of corporate in-house work for Stripe, a global payment company whose technology helps expand the ability of businesses to accept payment for services.
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January 20, 2026
Supreme Court Turns Away Jewish Texts Expropriation Suit
The U.S. Supreme Court declined Tuesday to take up a petition challenging a D.C. Circuit ruling concluding that federal courts do not have jurisdiction over a Jewish group's decades-old allegations that Russia is illegally holding on to its long-lost sacred texts.
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January 16, 2026
Law360 Names Practice Groups Of The Year
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.
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January 17, 2026
Up Next At High Court: Fed Firing & Gun 'Vampire Rules'
The Supreme Court will begin a short argument week Tuesday, during which the justices will consider President Donald Trump's authority to fire a Democratic Federal Reserve governor over allegations of mortgage fraud, as well as the ability for states to presumptively bar gun owners from carrying firearms onto private property open to the public unless the property owner explicitly allows it.
Expert Analysis
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Series
Writing Novels Makes Me A Better Lawyer
Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler.
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SEC's No-Action Relief Could Dramatically Alter Retail Voting
The U.S. Securities and Exchange Commission recently cleared the way for ExxonMobil to institute a novel change in retail shareholder voting that could greatly increase voter turnout, granting no-action relief that represents an effective and meaningful step toward modernizing the shareholder voting process and the much-needed democratization of retail investors, say attorneys at Cozen.
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New Mass. 'Junk Fee' Regs Will Be Felt Across Industries
The reach of a newly effective regulation prohibiting so-called junk fees and deceptive pricing in Massachusetts will be widespread across industries, which should prompt businesses to take note of new advertising, pricing information and negative option requirements, say attorneys at Hinshaw.
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SDNY OpenAI Order Clarifies Preservation Standards For AI
The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.
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Compliance Steps To Take As FCRA Enforcement Widens
As the Fair Credit Reporting Act receives renewed focus from both federal and state enforcers, regulatory and litigation risk is most acute in several core areas, which companies can address by implementing purpose processes and quick remediation of consumer complaints, among other steps, say attorneys at Wiley.
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6 Shifts In Trump Tax Law May Lend A Hand To M&A Strategy
Changes in the Trump administration's recent One Big Beautiful Bill Act stand to create a more favorable environment for mergers and acquisitions, including full bonus depreciation and an expanded code section, say attorneys at K&L Gates.
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How Crypto Embrace Will Affect Banks And Credit Unions
The second Trump administration has moved aggressively to promote crypto-friendly reforms and initiatives, and as the embrace of stablecoins and distributed ledger technology grows, community banks and credit unions should think strategically as to how they might use these innovations to best serve their customers, says Jay Spruill at Woods Rogers.
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In NY, Long COVID (Tolling) Still Applies
A series of pandemic-era executive orders in New York tolling state statutes of limitations for 228 days mean that many causes of action that appear time-barred on their face may continue to apply, including in federal practice, for the foreseeable future, say attorneys at Sher Tremonte.
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New Conn. Real Estate Laws Will Reshape Housing Landscape
With new legislation tackling Connecticut's real estate landscape, introducing critical new requirements and legal ambiguities that demand careful interpretation, legal counsel will have to navigate a significantly altered and more complex regulatory environment, say attorneys at Harris Beach.
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Opinion
Expert Reports Can't Replace Facts In Securities Fraud Cases
The Ninth Circuit's 2023 decision in Nvidia v. Ohman Fonder — and the U.S. Supreme Court's punt on the case in 2024 — could invite the meritless securities litigation the Private Securities Litigation Reform Act was designed to prevent by substituting expert opinions for facts to substantiate complaint assertions, say attorneys at A&O Shearman.
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Iran Sanctions Snapback Raises Global Compliance Risks
The reimplementation of U.N. sanctions targeting Iran’s nuclear program, under a Security Council resolution's snapback mechanism, and related actions in Europe and the U.K., may change U.S. due diligence expectations and enforcement policies, particularly as they apply to non-U.S. businesses that do business with Iran, says John Sandage at Berliner Corcoran.
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3rd Circ. Ruling Forces A Shift In Employer CFAA Probes
The Third Circuit's recent ruling in NRA Group v. Durenleau, finding that "unauthorized access" requires bypassing technical barriers rather than simply violating company policies, is forcing employers to recalibrate insider misconduct investigations and turn to contractual, trade secret and state-level claims, say attorneys at Sidley.
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Glimmers Of Clarity Appear Amid Open Banking Disarray
The Consumer Financial Protection Bureau's vacillation over data rights rules has created uncertainty, but a recent proposal is a strong signal that open banking regulations are here to stay, making now the ideal time for entities to take action to decrease compliance risk, says Adam Maarec at McGlinchey Stafford.
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Opinion
High Court, Not A Single Justice, Should Decide On Recusal
As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
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FTC's Consumer Finance Pivot Brings Industry Pros And Cons
An active Federal Trade Commission against the backdrop of a leashed Consumer Financial Protection Bureau will be welcomed by most in the consumer finance industry, but the incremental expansion of the FTC's authority via enforcement actions remains a risk, say attorneys at Hudson Cook.