Software company iControl Systems USA has asked a Florida federal judge to grant a new trial in a trade secrets case against Financial Information Technologies, claiming that its rival only won at trial after its attorneys confused the jury about the nature of a trade secret.
The highly anticipated order in the SEC's case against Telegram Group Inc. has added some clarity to the application of securities laws to digital token offerings, with attorneys saying the commission's initial win might nudge blockchain companies to consider different types of fundraising options.
Certain venture-backed startups may be ineligible for relief loans aimed at small businesses struggling to pay employees during the coronavirus pandemic, prompting fears that many distressed startups will be denied aid amid a brutal cash crunch.
Cryptocurrency company Blockvest LLC and its founder have urged a California federal judge to reject a bid for summary judgment by the U.S. Securities and Exchange Commission in a suit alleging it fraudulently advertised that its initial coin offering had the SEC's nod.
The California magistrate judge overseeing discovery in a gender discrimination suit against Morrison & Foerster LLP said the firm can demand its accusers’ performance records from Linklaters, where one now heads the U.S. fintech practice, and Freshfields, where the other was an associate.
Nasdaq has agreed to settle a patent dispute against the IEX stock exchange over electronic trading platform technologies, the companies said Thursday, which will see neither party pay for the trouble.
Small-business advocates on Thursday urged regulators to ease rules on online capital raising methods such as crowdfunding and other private markets tools amid the coronavirus pandemic, concerned that federal loans could take too long to arrive to satisfy urgent funding needs.
Financial technology company Ideanomics Inc. defended its bid to toss a securities fraud suit Wednesday, telling a New York federal court that their investors' attempt to strike supporting evidence was merely a "cynical ploy" to get discovery they're not entitled to.
Texas-based property management software company RealPage Inc. can sue a Pennsylvania insurance company over its alleged violation of a Texas law in order to recover $6 million in losses stemming from a $10 million phishing scheme, a Texas federal judge has found.
An alleged Ponzi schemer can't shake the U.S. Securities and Exchange Commission's suit accusing him of scamming investors out of nearly $1 million after a Massachusetts federal judge found Wednesday that the promissory notes he offered are, in this case, securities.
Three purported cryptocurrency traders scammed more than 100 investors, many of them doctors, in an alleged Ponzi scheme that netted more than $35 million, an entity created on behalf of the investors claimed in Florida federal court.
A jury should decide whether a white former Worldpay employee was illegally fired for complaining about racist and ageist remarks her black boss allegedly made, the Eleventh Circuit ruled Thursday in a published decision that clarified the circuit's standard for scoring an early win in Title VII retaliation suits.
Prosecutors urged a New Jersey federal court Thursday to pause a U.S. Securities and Exchange Commission suit alleging two people with a blockchain technology company tricked investors in raising $30 million in cash and cryptocurrency, claiming a stay was needed to protect the integrity of a parallel criminal matter against them.
SoftBank said Thursday that it will not go forward with a tender offer for up to $3 billion of WeWork shares for multiple reasons, including that various conditions to the deal were unsatisfied and that the coronavirus has caused significant disruptions to the workspace-sharing company’s business.
The Consumer Financial Protection Bureau offered guidance Wednesday about how it plans to handle consumer credit reporting oversight during the coronavirus pandemic, saying it will give companies some flexibility on meeting dispute investigation deadlines and won't go after them for telling credit bureaus about payment help given to borrowers.
A New York federal judge has ruled that Telegram cannot narrow a preliminary injunction prohibiting the messaging company from distributing its Gram digital tokens, saying the injunction applies to all purchasers, even those outside the United States.
Wells Fargo has agreed to pay $18.5 million to settle claims that it denied loan modifications to eligible mortgage borrowers, according to a preliminary settlement agreement filed in California federal court.
A GreenSky Inc. investor hit the financial technology startup with a derivative suit in Delaware federal court Tuesday, accusing its board of directors of deceiving the public about its May 2018 initial public offering and costing the company millions of dollars.
Litigation funder Burford Capital told a London court on Wednesday that the London Stock Exchange is "fighting tooth and nail" to avoid disclosing the identities of traders it alleges manipulated the firm's stock in a short-selling attack that caused Burford's share price to plunge.
A Florida federal judge said Tuesday that she won’t block online trading app Robinhood from sending what a user calls “misleading communications to prospective class members,” because the user failed to provide enough evidence to warrant the injunction.
Japanese digital wallet and payment processing provider Kyash announced a $45 million Series C funding round on Tuesday led by Goodwater Capital and Greenspring Associates as it seeks to further develop its mobile banking business.
A federal judge in Illinois dismissed proposed class claims against Bank of America Tuesday, finding that one of its account holders failed to show how the bank violated the law by slapping him with overdraft fees.
As Cadwalader pauses partner distributions and cuts staff pay and Pryor Cashman furloughs associates, a slew of other firms are likely to follow suit as the legal industry goes into crisis mode to weather the economic storm caused by COVID-19.
AT&T again urged a California federal court to dismiss part of a cryptocurrency investor’s suit accusing the telecom giant of failing to protect his personal data, arguing Monday that an amended complaint still failed to show that it lied about data protection.
A California federal judge said Monday that a cryptocurrency fund and a blockchain telemedicine company had agreed to arbitrate their disagreements, and must do so to resolve their dispute over the fund’s investment in the company’s allegedly fraudulent initial coin offering.
In this brief video, Jamie Cain and Ben Marzouk at Eversheds Sutherland discuss the essential fintech issues affecting asset managers' business models, including developments related to digital asset securities, cryptocurrency-based exchange-traded funds and blockchain.
Judges have recently rebuked attorneys for wasting judicial resources to resolve minor issues during the COVID-19 crisis, including in a trademark lawsuit over unicorn drawings. But it is unfair to publicly flog lawyers for doing what they are trained to do, says Ronald Minkoff, chairman of Frankfurt Kurnit's professional responsibility group.
While we need to be physically apart at this time, lawyers and firms should be leaning into social media to reinforce and build relationships, and help guide clients through the coronavirus crisis, says marketing consultant Stefanie Marrone.
Recent Texas state court orders indicate judges are increasingly requiring parties and nonparties to submit to remote depositions amid the pandemic. However, there are inherent drawbacks to such depositions, including limitations on attorneys’ ability to assess witness credibility, says Edward Duffy at Reed Smith.
In this global health and economic crisis, it is essential that lawyers recommit to inclusion, and fight for colleagues, clients, community members and friends who are most at risk, says Dru Levasseur, head of the National LGBT Bar Association's inclusion coaching and consulting program.
Conducting mediation via videoconference amid the ongoing pandemic poses significant challenges, including the difficulty of reading people when you are not with them in person. Daniel Garrie at JAMS shares six tips to overcome the limitations.
When your team is working from different locations due to the COVID-19 outbreak, don’t default to just sending emails. Collaboration is much easier when team members are also communicating in real time over the phone or through videoconferences, say William Oxley and Meghan Rohling Kelly at BakerHostetler.
As the judiciary implements telephone and video hearings in response to the coronavirus pandemic, attorneys can deliver effective advocacy by following certain best practices, such as using backup materials and specially preparing witnesses and exhibits, say attorneys at Fish & Richardson.
Remote depositions are a useful tool for meeting discovery deadlines while allowing all parties to stay at home amid the COVID-19 outbreak. But they come with a unique set of challenges, say Eliot Williams and Daniel Rabinowitz at Baker Botts.
The American Bar Association's Model Rules of Professional Conduct require lawyers to be zealous advocates for clients' interests, but how do these rules apply in this unprecedented time of COVID-19? Anne Lockner at Robins Kaplan offers some pointers.
In the midst of this health crisis when lawyers are working from home with their loved ones around all day, practitioners need to ensure their “home” and “office” settings coexist without one trumping the needs of the other, says Luciana Fragali at Design Solutions.
The COVID-19 crisis will continue to affect e-discovery long after we overcome this pandemic. When litigation and investigations reengage and courts start moving their schedules forward, these concerns will need to be addressed, say David Kessler and Andrea D'Ambra at Norton Rose.
The financial impact of COVID-19 is already starting to ripple through law firms in the form of diminished demand and time entry. A few lessons from the 2008 financial crisis and some new ideas can help firm leaders navigate the storm, says Peter Zeughauser at Zeughauser Group.
Remote working doesn’t work when people feel they must apologize for or hide it, and lawyers often feel that way — even in unavoidable, disaster-related scenarios like we see with the pandemic today, says David Pierce at Axiom.
While mediating via an internet conferencing platform during the COVID-19 crisis, remember that visual interactions are of vital importance. A simple phrase can be transformed into a sincere inquiry, a shocked response or a sarcastic put-down depending upon how we visually convey that message, says mediator Sidney Kanazawa at ARC.