A survivor of Jeffrey Epstein's sex-trafficking enterprise has adequately alleged Bank of America "turned a blind eye" to a trove of public information that the disgraced financier was a serial sexual abuser while monetarily benefiting from the scheme, a Manhattan federal judge said Wednesday.
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THURSDAY, FEBRUARY 12, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Epstein Survivor Can Pursue Claims BofA 'Turned A Blind Eye'

By Lauren Berg

A survivor of Jeffrey Epstein's sex-trafficking enterprise has adequately alleged Bank of America "turned a blind eye" to a trove of public information that the disgraced financier was a serial sexual abuser while monetarily benefiting from the scheme, a Manhattan federal judge said Wednesday.

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JPMorgan Says Calif. City's Interest-Rate Swap Suit Is Barred

By Emilie Ruscoe

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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PNC Customer's Improper Withdrawal Claims Can Proceed

By Katryna Perera

A Maryland federal judge has ruled that a PNC Bank customer has standing to challenge the bank's withdrawal of money from his checking account to cover a home-equity credit line, but dismissed his individual damages claim and asked for more briefing on his bid for class certification.

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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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PRACTICE GROUP OF THE YEAR

Banking Group Of The Year: Sullivan & Cromwell

By Jon Hill

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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POLICY & REGULATION

DC Circ. Questions Denial Of CFTC Whistleblower Award

By Nadia Dreid

The D.C. Circuit seemed skeptical Wednesday morning about the argument that the Commodity Futures Trading Commission wrongly denied a man a $147 million whistleblower incentive award after he tipped off the agency about foreign exchange market manipulation.

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ENFORCEMENT & COMPLIANCE

NBA Pro Says He Would've Balked At Deal Over Adviser's Role

By Stewart Bishop

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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Paxful Sentenced To $4M Fine Over Compliance Failures

By Aislinn Keely

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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SC High Court Probes Clerk's Misconduct In Murdaugh Appeal

By Parker Quinlan

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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LITIGATION

Crypto Scam Victims Can't Sue Signature Bank, 2nd Circ. Says

By Katryna Perera

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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Apple Keeps PTAB Win Over Fintiv Patent Claims At Fed. Circ.

By Adam Lidgett

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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EXPERT ANALYSIS

Reflections From High Court Oral Args Over Fed Gov. Removal

In the oral arguments last month for Trump v. Cook, which asks the U.S. Supreme Court to clarify the circumstances under which the president can remove a Federal Reserve Board governor, the justices appeared skeptical about ruling on the substantive issues in view of the limited record and analysis, say attorneys at Ballard Spahr.

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LEGAL INDUSTRY

Legal Services Hiring Started New Year Off With A Bang

By Tracey Read

The legal sector is off to a good start in 2026, with 5,500 more people employed in lawyer, paralegal and other law-related professional roles last month than in December, according to seasonally adjusted data released Wednesday by the U.S. Bureau of Labor Statistics.

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Feature

'Unflappable' Mass. Judge Emerges As Trump Foil

By Chris Villani

The newest member of the Massachusetts federal bench has made a name for himself as a thorn in the side of the Trump administration, a perception that stands in stark contrast to what friends and former colleagues describe as an unassuming and open-minded judge.

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'It Takes Time To Write': Jackson On High Court's Tariff Ruling

By Katie Buehler

U.S. Supreme Court Justice Ketanji Brown Jackson has provided an unusual update on the court's decision over President Donald Trump's authority to impose emergency tariffs, saying in a TV interview that the justices are still working on what is one of their most anticipated rulings this term. 

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Analysis

Not 'Your Dad's DOJ': Recapping Year One Under Bondi

By Phillip Bantz and Carolina Bolado

Even before her contentious congressional testimony on Wednesday, few U.S. attorneys general had been embroiled in so many controversies so early into their tenures as Pam Bondi, who critics and supporters alike say embodies a new era at the Justice Department.

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Bondi Touches On Judges, Fraud, Subpoenas At Fiery Hearing

By Courtney Bublé

Attorney General Pam Bondi opened her congressional testimony on Wednesday taking aim at "liberal activist judges," but the rest of the hearing was devoid of any discussion or questions on the Trump administration's combative relationship with a large portion of the federal bench.

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Goldstein Says He Lost Millions On Poker In 2016

By Jared Foretek

SCOTUSblog founder Thomas Goldstein told the Maryland federal jury in his tax fraud trial Wednesday that he lost nearly $3 million playing poker in 2016, directly contradicting charges that he underreported his gambling winnings, and pinned the blame for tax filing errors on his own miscalculations and shoddy work from his accountants.

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Md. Federal Judge Owns Up To Creating 'Abusive' Workplace

By Jack Karp

A Maryland federal judge has acknowledged creating an "abusive workplace" where clerks were chastised for minor errors, discouraged from asking questions and harshly criticized, according to a Fourth Circuit disciplinary order.

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Remote LSAT Testing To Largely End Amid Cheating Concerns

By Emily Johnson

Law school hopefuls will mostly need to sit for the Law School Admission Test — better known as the LSAT — in person starting in August rather than test remotely, a change designed to strengthen security after the exam provider ended remote testing in China over cheating concerns.

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Ford Slams Lemon Law Attys' Bid To Escape Billing Fraud Suit

By Lauren Berg

Ford Motor Co. urged a California federal judge to keep alive its lawsuit accusing three Knight Law Group LLP-affiliated attorneys of orchestrating a massive fraudulent legal billing scheme, scoffing at the attorneys' argument that they are immunized from liability related to lemon law litigation they have pursued.

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Calif. Atty Wins $25K Fee Sanction Over AI Errors

By Emily Sawicki

A California federal court has ordered $25,000 in fee sanctions for a litigator representing a mobile app platform in a copyright and contract suit as reimbursement for work he said went into responding to an error-ridden motion and further resulting motion practice.

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Miami World Cup Counsel Share Look At Prep Work, Impact

By Nathan Hale

Counsel representing the FIFA World Cup's Miami Host Committee gave Law360 an inside look at their multifaceted work preparing for the upcoming event, which organizers say could have the economic impact of multiple Super Bowls.

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Trio Leading NJ District Office Face New Disqualification Bid

By Elizabeth Daley

A criminal defendant who successfully challenged the appointment of Donald Trump's former personal attorney Alina Habba as New Jersey's top federal prosecutor joined other defendants in seeking to disqualify the trio now helming the office.

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Beasley Allen Wants Talc DQ Paused Pending High Court Appeal

By Jonathan Capriel

Hundreds of women who claim their ovarian cancer was caused by Johnson & Johnson's talcum powder risk appearing in an upcoming trial without their preferred counsel from the Beasley Allen Law Firm, unless a New Jersey state court stays an order disqualifying the firm, it said.

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Morgan & Morgan, Former Aide Settle Disability, Age Bias Suit

By Lynn LaRowe

Personal injury law firm Morgan & Morgan PA and a former firm legal assistant have settled a Florida federal lawsuit that alleged age and disability discrimination, according to a filing in the court.

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NYC Bar Pushes Gov. To Free Legal Aid Funds In Budget

By Andrea Keckley

The New York City Bar Association urged Gov. Kathy Hochul in a statement Wednesday to ensure the 2027 executive budget gives the New York State Interest on Lawyer Account Fund access to its revenue for civil legal services, noting the current proposed budget did not grant full spending authority.

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Promo that reads 2025 Practice Groups of the Year

COMPANIES IN TODAY'S NEWS

Apple Inc.

Bank of America Corp.

Cadence Bank NA

Capital One Financial Corp.

City Bank

Columbia Banking System Inc.

Comerica Inc.

Danske Bank Group

Deutsche Bank AG

Discover Financial Services Inc.

Empire Justice Center

Federal Bar Association

Federation Internationale de Football Association

Fifth Third Bancorp

Ford Motor Co.

Huntington Bancshares Inc.

Instagram Inc.

JPMorgan Chase & Co.

Johnson & Johnson

Law School Admission Council Inc.

Learning Resources Inc.

Major League Baseball Inc.

Major Lindsey & Africa LLC

Morgan Stanley

Mozido LLC

National Basketball Association Inc.

New York City Bar Association

New York Knicks

Pacific Premier Bancorp Inc.

Paypal Holdings Inc.

Pinnacle Financial Partners

Royal Bank of Canada

Royal Caribbean Cruises Ltd.

SVB Financial Group

State Bar of California

Synovus Financial Corp.

The Bank of New York Mellon Corp.

The PNC Financial Services Group Inc.

TikTok Inc.

Vineyard Wind LLC

LAW FIRMS IN TODAY'S NEWS

A&O Shearman

AddyHart

Ballard Spahr

Beasley Allen

Bilzin Sumberg

Bloch & White

Boies Schiller

Borison Firm

Computerlaw Group

Edwards Henderson

Esseks Ingoglia

Faegre Drinker

Foley & Lardner

FordHarrison

Friedman Kaplan

Glenn Agre

Griffin Humphries

Jones Day

Kasowitz LLP

Knight Law Group

Krovatin Nau

Lauro & Singer

Leach & Walker

Lowell & Associates

Mancini Shenk

McIntyre Thanasides

Milbank LLP

Miller & Chevalier

Morgan & Morgan PA

Motley Rice

Munger Tolles

Nixon Peabody

O'Melveny & Myers

Pillsbury Winthrop

Polsinelli PC

Richard A. Harpootlian PA

Robbins LLP

Ropes & Gray

Rudolf Smith

SedlikGroup

Sheppard Mullin

Sills Cummis

Sullivan & Cromwell

Todd & Weld

Williams & Connolly

WilmerHale

Wirtz Law APC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Labor Statistics

Bureau of Ocean Energy Management

Committee for Public Counsel Services

Commodity Futures Trading Commission

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Financial Crimes Enforcement Network

Internal Revenue Service

National Credit Union Administration

National Labor Relations Board

New Jersey Supreme Court

New York Attorney General's Office

New York State Assembly

Patent Trial and Appeal Board

South Carolina Attorney General's Office

U.S. Attorney's Office

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the District of New Jersey

U.S. Attorney's Office for the Eastern District of California

U.S. Attorney's Office for the Southern District of New York

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Defense

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of the Interior

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of California

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Middle District of Florida

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Texas

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Northern District of West Virginia