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Banking
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January 06, 2026
5th Circ. Mulls If ERISA Claims Are Subject To Arbitration Clause
A Fifth Circuit panel wanted a former employee at International Bancshares Corp. to explain how his benefits class action could evade an arbitration clause adopted by the plan that he never consented to, saying Tuesday that other courts seemingly have not adopted a theory that would allow that.
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January 06, 2026
PrimaLend Gets OK For Ch. 11 Plan Vote, Bid Procedures
Subprime lender PrimaLend Capital Partners LP on Tuesday received a Texas bankruptcy judge's approval of its request to take votes on a Chapter 11 plan and bidding procedures for an asset sale.
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January 06, 2026
4th Circ. Asked To Revive Experian Credit Investigation Suit
Experian Information Solutions Inc. violated its statutory duty by failing to reinvestigate and later approving a clearly erroneous credit report that resulted in a refused mortgage application, the report's subject told the Fourth Circuit in an attempt to revive his class action lawsuit.
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January 06, 2026
Ill. Judge Trims Most Of Walgreens Shareholder Suit
An Illinois federal judge on Monday dismissed most claims in a lawsuit alleging Walgreens inflated share prices by concealing the lack of viability of its pharmacy division and primary care investment, warning shareholders not to "waste judicial resources" in amending their allegations by claiming straightforward statements are misleading "absent a coherent argument as to why."
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January 06, 2026
Bankers Urge Senate To Ban Stablecoin Yield Payments
The American Bankers Association is doubling down on efforts to convince policymakers to outlaw yield payments for stablecoins, urging banking CEOs and their clients to flood U.S. senators with letters and calls as a forthcoming crypto market structure bill presents an opportunity to solidify the prohibition.
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January 06, 2026
Ameritas Says Prior Deal Ends Couple's Annuity Fraud Suit
A retired military officer and his wife cannot proceed with a suit over the sale of unsuitable equity indexed annuities, Ameritas and a former insurance agent said, urging a North Carolina federal court to enforce a settlement agreement and release that resulted from mediation.
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January 06, 2026
Foley Hoag Banking And Finance Partner Rejoins Weil
A Foley Hoag LLP partner who started her career at Weil Gotshal & Manges LLP in the New York office has rejoined Weil as a Boston-based partner in the banking and finance practice.
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January 06, 2026
White & Case-Led Brazilian Digital Bank Seeks US IPO
Brazilian digital banking platform PicS has filed for a proposed initial public offering with the U.S. Securities and Exchange Commission in an offering guided by White & Case LLP and underwriters' counsel Davis Polk & Wardwell LLP, with hopes to list its Class A common shares on the Nasdaq Global Select Market.
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January 06, 2026
Paul Hastings Adds Ex-Cravath Tax Pro To Growing M&A Team
After adding 20 partners to its mergers and acquisitions platform over the past two years, Paul Hastings LLP announced on Tuesday that it has hired a former Cravath Swaine & Moore LLP partner who advises on the tax elements of mergers and acquisitions.
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January 05, 2026
US Chamber Gets Expedited Appeal In $100,000 H-1B Fee Suit
The D.C. Circuit on Monday fast-tracked the U.S. Chamber of Commerce's appeal of a ruling that a $100,000 fee for new H-1B petitions was within President Donald Trump's "broad authority" to restrict noncitizens' entry.
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January 05, 2026
BofA, BNY Face Bulked-Up Claims Over Epstein Ties
A survivor of sex offender Jeffrey Epstein has moved to bolster her proposed class actions accusing Bank of America and BNY of enabling the disgraced financier's sex trafficking enterprise, filing freshly expanded complaints amid a push from the banks for dismissal.
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January 05, 2026
Chancery Rejects BankUnited's Employee Poaching Claims
The Delaware Chancery Court has denied BankUnited's attempt to block former executives and rival Customers Bank from recruiting employees and pursuing business in the title-services market, finding that the lender failed to show it was likely to win on any of its contract or fiduciary-duty claims.
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January 05, 2026
Payment Co., Insurer End $6.8M Fraud Coverage Dispute
An electronic payments company and its insurer have ended their dispute over whether the company's roughly $6.8 million loss from two fraud schemes fell within its policy's coverage for computer fraud, with an Iowa federal court agreeing Monday to dismiss the case.
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January 05, 2026
McGuireWoods Atty Fined Over Citation Errors In BoA Suit
A Georgia federal judge has slapped a McGuireWoods LLP attorney with a $1,500 fine for using incorrect citations in a brief lodged in a recently dismissed mortgage suit against Bank of America.
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January 05, 2026
Deutsche Bank Pauses Norway Suit After Conn. Judge's Order
Deutsche Bank AG has notified a Connecticut judge that it abided by her order to pause a lawsuit against billionaire Alexander Vik and his daughter in Norway that stems from an unsatisfied $243 million judgment, telling the state court that it would keep the suit on hold pending a new order or a successful appeal.
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January 05, 2026
Bank Fights Sanctions Bid In Jail Debit Card Fee Suit
Central Bank of Kansas City said it should not face sanctions for failing to produce certain documents in a suit brought by a group of formerly incarcerated people accusing it of charging excessive fees on prepaid debit cards, arguing the suit should take direct action against the bank's contractors instead.
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January 05, 2026
Tricolor Ex-CEO Fights Bid To Get Him To Creditor Meeting
The ex-CEO of subprime car loan lender Tricolor Holdings is asking a Texas bankruptcy judge to reject a motion to compel him to attend a meeting of the company's creditors, saying he would be unable to answer questions due to the pending criminal charges against him.
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January 05, 2026
Crypto Miner Host Seeks Reversal Of $1.2M Damages Award
A cryptocurrency mining facility operator has asked a Seattle federal judge to revisit a decision to award $1.2 million to a bitcoin miner in a breach of contract dispute, saying the damages sum is based on an "unreliable" expert report that erroneously valued the digital asset at nearly twice its trading price during the relevant period.
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January 02, 2026
Banking Regulation To Watch In 2026
The Trump administration is on the cusp of a pivotal year as it presses ahead in its sweeping push to reset banking regulation, with an agency funding fight, supervisory overhauls, crypto chartering and more all poised for significant developments.
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January 02, 2026
Banking Litigation To Watch In 2026
From a U.S. Supreme Court fight over the Federal Reserve to clashes over state regulatory power, in-house enforcement and the fate of the Consumer Financial Protection Bureau, a slate of high-stakes lawsuits could shake up the banking landscape in the coming year.
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January 02, 2026
Consumer Protection Cases And Trends To Watch In 2026
State attorneys general will litigate more consumer protection cases in the new year, whether the suits are filed by their own offices or with the help of outside counsel, while the federal government under the Trump administration will drop pending enforcement actions and continue its shift away from broad rulemaking.
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January 02, 2026
5 Policy Areas Benefits Attys Should Keep Tabs On In 2026
The new year promises policy shifts that could change the legal landscape for health and retirement benefits, including action to follow through on an executive order encouraging alternative assets in 401(k) plans, and a potential replacement for a Biden-era rule covering how retirement plan managers can factor environmental and social issues into their investment strategy. Here are five policy areas benefits attorneys will be watching in 2026.
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January 02, 2026
4 Compliance Trends To Watch In 2026
Compliance professionals will be monitoring the risks brought on by the trade-related turmoil and deregulatory moves that have marked President Donald Trump's first year back in the White House, while new state regulations and artificial intelligence-related risks will also be top of mind.
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January 02, 2026
Crypto To Take On Rulemaking Push, And Pushback, In 2026
The Trump administration's pledge to make the U.S. the "crypto capital of the world" invigorated a wave of crypto policy efforts from Congress and federal agencies last year, but experts say 2026 will be about sorting the devils in the details.
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January 02, 2026
Mangione, Trump, Sports Scandals Among NY Cases To Watch
The coming year's major developments in New York courts include politically charged criminal cases with ties to President Donald Trump, gambling investigations that have snared high-profile athletes and charges against murder suspect Luigi Mangione.
Expert Analysis
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Series
Law School's Missed Lessons: Educating Your Community
Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.
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ConvergeOne Ch. 11 Ruling Clarifies Lender Incentive Limits
The recent ConvergeOne ruling from a Texas federal court marks the latest rebuke of selective lender incentives in bankruptcy, and, along with two appellate decision from late 2024, delineates the boundaries of liability management exercises inside and outside Chapter 11, says Pratik Raj Ghosh at MoloLamken.
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Strategies For Merchants As Payment Processing Costs Rise
As current economic pressures and rising card processing costs threaten to decrease margins for businesses, retail merchants should consider restructuring how payments are made and who processes them within the evolving legal framework, says Tom Witherspoon at Stinson.
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5 Crisis Lawyering Skills For An Age Of Uncertainty
As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.
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$2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt
A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to refuse enforcement of $2 billion in defaulted bonds serves as a guide for the scope of review required in assessing the validity of foreign-issued securities with New York choice-of-law provisions, say attorneys at Cleary.
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Del. Dispatch: Chancery Expands On Caremark Red Flags
The Delaware Court of Chancery’s recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank.
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Insights From Recent Cases On Navigating Snap Removal
Snap removal, which allows defendants to transfer state court cases to federal court before a forum defendant is properly joined and served, is viewed differently across federal circuits — but keys to making it work can be drawn from recent decisions critiquing the practice, say attorneys at Perkins Coie.
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Opinion
It's Time For The Judiciary To Fix Its Cybersecurity Problem
After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.
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Recent Trends In Lending To Nonbank Financial Institutions
Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader.
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Why This Popular Class Cert. Approach Doesn't Measure Up
In recent class certification decisions, plaintiffs experts have used the in-sample prediction approach to show that challenged conduct harmed all, or almost all, proposed class members — but this approach is unreliable because it fails two fundamental tests of reliable econometric methods, say consultants at Cornerstone Research.
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Opinion
Crypto Bills' Narrow Scope Guarantees Continued Uncertainty
The Digital Asset Market Clarity Act and Responsible Financial Innovation Act aim to make the $4 trillion crypto market more transparent and less susceptible to fraud, but their focus on digital assets sold in investment contract transactions promises continued uncertainty for the industry, says Joe Hall at Davis Polk.
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Federal Debanking Scrutiny Prompts Compliance Questions
Recent U.S. Small Business Administration guidance sets forth requirements for preventing so-called politicized debanking and specific additional instructions for small lenders, but falls short on clarity for larger institutions, leaving lenders of all sizes with questions as they navigate this unique compliance challenge, say attorneys at Cooley.
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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.