BofA $72.5M Deal With Up To 75 Epstein Victims Clears Hurdle

By Pete Brush

A Manhattan federal judge gave preliminary approval Thursday to a settlement in which Bank of America will pay $72.5 million to as many as 75 women to settle allegations that it facilitated what the court called Jeffrey Epstein's "monstrous" sex trafficking and abuse.

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Coinbase Gets OCC's Nod For National Trust Charter

By Jon Hill

Coinbase said Thursday that it has received the Office of the Comptroller of the Currency's conditional approval to charter a national trust bank, a move that would position the crypto giant to broaden its business offerings under federal oversight.

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10th Circ. Agrees To Rehear Colo. Opt-Out Interest Rate Suit

By Rachel Konieczny

The Tenth Circuit agreed Thursday to rehear en banc banking groups' request for the court to take another look at their challenge to a Colorado law intended to curb high-cost lending in the state, vacating a November ruling that restored the law.

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Texas Capital Bank Faces Stiff Questions At 5th Circ.

By Spencer Brewer

Texas Capital Bank faced tough questions from a Fifth Circuit panel in its bid to reverse a lower court's decision in favor of Ginnie Mae that extinguished TCB's lien on reverse mortgage assets, with one judge saying Thursday that the government has "the power under the statute."

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Ex-Centerview Banker Inks DPA To End Insider Trading Case

By Stewart Bishop

A former Centerview Partners investment banker on Thursday secured a deferred prosecution agreement with Manhattan federal prosecutors that will likely resolve her U.S. legal troubles stemming from her alleged role in a global insider trading ring that made tens of millions of dollars in illicit profits.

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Treasury Proposes State Stablecoin Rules Meet OCC Standard

By Aislinn Keely

The U.S. Department of the Treasury is seeking public feedback on a proposal that would counsel states to ensure their stablecoin regulatory regimes implement much of the Office of the Comptroller of the Currency's coming federal rules for issuers of the stable-value tokens.

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5th Circ. Rejects Stanford's Bid To Overturn $6.8B SEC Win

By Katryna Perera

A Fifth Circuit panel affirmed a lower court judgment requiring convicted Ponzi schemer Robert Allen Stanford to fork over $6.76 billion to the U.S. Securities and Exchange Commission in its 16-year-old suit over Stanford's $7 billion fraud scheme, finding that he failed to properly raise many of his arguments during the summary judgment stage.

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Ex-Rabobank Officer Pushes OCC Again For $4M In Fee Fight

By Sydney Price

Attorneys of a former Rabobank compliance officer told the Ninth Circuit that the Office of the Comptroller of the Currency should not be allowed to abandon a "ruinous" failed enforcement action without paying $4 million to cover the fees and expenses incurred during the litigation.

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FCC Seeks $4.5M Fine Against Fla. Provider Over Robocalls

By Christopher Cole

The Federal Communications Commission demanded an Orlando-based voice service provider shell out $4.5 million for allowing into U.S. networks foreign robocall traffic that appeared to spoof legitimate bank numbers.

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Morgan Stanley Boots VP's Sex Bias Suit To Arbitration

By Grace Elletson

A New York federal judge kicked a Black Morgan Stanley executive's race and gender bias suit to arbitration, ruling she couldn't invoke a law that blocks out-of-court resolutions for sexual misconduct disputes because the general mistreatment she allegedly faced didn't amount to sexual harassment.

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Ownership Limbo Spurs Stay Bid In $380M PetroSaudi Fight

By Joyce Hanson

A PetroSaudi unit has urged a California federal court to continue its stay in litigation by the U.S. government over a $380 million arbitral award purportedly tied to funds embezzled from Malaysia, saying company control remains in limbo in the Cayman Islands and Barbados.

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Judge Keeps IRS, Booz Allen In Lawsuit Over Tax Data Leak

By Anna Scott Farrell

A class action against the federal government and contractor Booz Allen Hamilton seeking to hold them accountable for the unauthorized disclosure of a trove of wealthy people's tax returns by a worker on the job with the IRS can move forward, a Maryland federal judge said.

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Property Co. Not Liable To Investors In $40M Fraud Suit

By Sydney Price

A group of investors were told by a Tennessee federal judge that they cannot claim that a property holding company is liable for debts to investors under state statute in a suit accusing a purported green energy outfit and its executives of using promises of extravagant returns to induce investments.

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Fla. Homeowner Says Loan Scam Stripped Homestead Rights

By Isaac Monterose

A Miami homeowner accused a lender in Florida state court of running a "predatory" lending scheme that led to him losing homestead protections and then losing his property in a foreclosure sale.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen data giant Sportrader face action from software company Altenar over alleged market abuse, Mexican billionaire Ricardo Pliego sue a man who allegedly defrauded him out of $415 million, and Warner Bros. bring a copyright claim against a YouTuber who leaked set footage of the upcoming Harry Potter series. Here, Law360 looks at these and other new claims in the U.K. 

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BofA Sues Aequum, First Brands Group Over Inventory Liens

By Alex Wittenberg

Bank of America and others have sued troubled auto parts maker First Brands Group and lender Aequum Capital in Texas bankruptcy court, seeking a judgment that the plaintiffs hold liens on inventory that outrank those asserted by Aequum.

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Corporate And Banking Atty Joins Barnes & Thornburg In DC

By Jack Rodgers

Barnes & Thornburg LLP has hired a former Arnold & Porter Kaye Scholer LLP corporate attorney, who is joining the team in Washington to represent domestic and foreign banks, credit unions and financial services clients.

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Series

Calif. Banking Brief: All The Notable Legal Updates In Q1

As usual, California remained a hub for financial services activity in the first quarter of 2026, with key developments including the California Department of Financial Protection and Innovation's eye on consumer issues, a bill targeting "pig butchering" schemes, and jam-packed courts, say attorneys at Joseph Cohen.

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Series

Ultramarathons Make Me A Better Lawyer

Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

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Bondi Out As Attorney General After Contentious Time At DOJ

By Courtney Bublé

President Donald Trump announced on Thursday Attorney General Pam Bondi will be leaving her post. 

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Goldstein Allowed To Move Out After Marriage Falls Apart

By Jared Foretek

A Maryland federal judge on Thursday allowed SCOTUSblog founder Thomas Goldstein to relocate for the duration of his home confinement, after Goldstein's attorneys said his marriage had fallen apart and it no longer "makes sense" for Goldstein and his wife to share a residence.

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Raskin Blasts DOJ Bid To Shield Attys From State Bar Probes

By Courtney Bublé

Rep. Jamie Raskin, D-Md., ranking member of the House Judiciary Committee, said Thursday the U.S. Department of Justice's endeavor to preempt state bar investigations of department attorneys is a "get out of jail free" card.

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DLA Piper, Vax Refuser Reach Deal To End Religious Bias Suit

By Patrick Hoff

DLA Piper has struck a deal to wrap up a Christian former employee's lawsuit claiming he was fired for refusing to get the COVID-19 vaccine because of his religious beliefs, an Illinois federal judge said Thursday.

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Feds Say Habeas Ruling Could Spur More 'Illegal Orders'

By Jared Foretek

The Trump administration has asked the Fourth Circuit to reverse a district ruling that upheld a standing order from Maryland federal judges barring immediate removal or transfer of immigrant detainees, arguing the ruling sets a dangerous precedent for district court standing orders.

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Schneider Wallace Fights Uphill For Bigger Cut Of $75M Fees

By Bonnie Eslinger

A California federal magistrate judge appeared skeptical Thursday about Schneider Wallace Cottrell Kim LLP's bid to increase its cut of a $75.4 million fee award for representing plaintiffs in a $228.5 million Sutter Health antitrust deal, saying lead counsel Constantine Cannon LLP's allocation of $1.4 million to Schneider Wallace seems fair.

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Puerto Rico Bankruptcy Stymies Paul Weiss, ACLU Fee Bids

By Carolyn Muyskens

American Civil Liberties Union and Paul Weiss attorneys who successfully eased restrictions on voting by mail in Puerto Rico during the COVID-19 pandemic cannot collect fees for their work because they were discharged in Puerto Rico's bankruptcy proceeding, the First Circuit has ruled.

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Process Server ABC Legal Inks $2.5M Deal Over Cyber Breach

By Ben Adlin

Seattle-based ABC Legal Services LLC, which bills itself as the nation's largest network of legal process servers, would pay $2.5 million under a tentative deal to settle workers' putative class action claiming a 2024 cyberattack exposed their personal information, the plaintiffs told a Washington federal court Wednesday.

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