3 Firms Steer $2.75B Nuvei, Payoneer Global Payments Deal

By Al Barbarino

Nuvei said Monday it will acquire Payoneer in a $2.75 billion all-cash deal that will combine two major players in global payments as competition intensifies across cross-border financial infrastructure.

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Ex-SEC Atty Reprimanded Over Misstatements In Crypto Case

By Julie Manganis

A former U.S. Securities and Exchange Commission attorney has received a public reprimand for misleading a judge in a cryptocurrency fraud case that led to sanctions against the agency.

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Cognizant, Infosys Can't Shield Execs From Depositions

By Elliot Weld

Infosys Ltd. and Cognizant TriZetto Software Group Inc. will each have to produce executives to speak on certain topics for depositions in a Texas federal lawsuit over claims that Infosys stole Cognizant's trade secrets to build a competing healthcare software, a special master ruled Monday.

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GAO Urges FDIC To Rotate Examiners, Coordinate On Crypto

By Aislinn Keely

A U.S. government watchdog said Monday that it's urging the Federal Deposit Insurance Corp. to redouble its efforts to adopt bank examiner rotation requirements and coordinate with other agencies on addressing blockchain risks.

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FinCEN Says Banks May Exchange Fraud Alerts In 'Real Time'

By Jon Hill

The U.S. Treasury Department's financial crime unit is moving to encourage greater industry collaboration against scams and fraud, issuing new guidance that clarifies banks can share real-time alerts and other, broader data with one another under a key liability safe harbor.

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Feds End Appeal Of No-Prison Decisions In $577M Crypto Case

By Katryna Perera

The Ninth Circuit has granted federal prosecutors' request to voluntarily dismiss their appeal of no-prison sentences for an Estonian duo who pled guilty to a wire fraud conspiracy in connection with a $577 million cryptocurrency-mining Ponzi scheme.

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Lender Groups Sue Over Oregon's Federal Rate Opt-Out Law

By Jon Hill

Lender trade groups sued Monday to block Oregon from capping the interest rates on loans made by out-of-state banks, opening a new front in industry litigation over whether states can use an obscure provision of federal law to curb higher-cost online lending to their residents.

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UCC Digital Asset Update Is Altering Lender, Obligor Diligence

The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing lenders and obligors to rethink diligence, control, custody, monitoring and contract terms, as well as collateral practices and financing structures, as jurisdictions continue to adopt the amendments, say attorneys at Lowenstein Sandler.

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Mapping 5 Fronts Of The Prediction Markets Regulatory Battle

The legal framework governing prediction markets is under simultaneous challenge in five independent areas, and the outcomes will determine not just who can operate prediction markets, but the compliance obligations of every participant in the ecosystem, says Ivor Wolk at Manatt.

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Sripetch May Prove To Be An Empty Victory For The SEC

The U.S. Supreme Court's recent decision in Sripetch v. U.S. Securities and Exchange Commission held that the SEC need not prove pecuniary harm for disgorgement, but if the commission must still identify victims and distribute funds in a compensatory way, it faces the same economic problem as before the ruling, says Erin Smith at Compass Lexecon.

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3 Things To Know About Trump's Pick To Lead SDNY

By Daniel Moritz-Rabson

President Donald Trump has announced that he plans to appoint Sullivan & Cromwell LLP partner James M. McDonald to lead the Southern District of New York. Here are three things to know about him.

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Trump Personal Atty In Carroll Cases Confirmed To 8th Circ.

By Courtney Bublé

The Senate voted 48-43 on Monday evening to confirm Justin Smith, who represented the president in the defamation and sexual abuse cases brought by writer E. Jean Carroll, to the U.S. Court of Appeals for the Eighth Circuit.

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Hagens Berman Must Cover Fees After Misconduct Findings

By Adrian Cruz

Hagens Berman Sobol Shapiro LLP must cover the fees and costs of a special master who alleged the firm committed misconduct in product liability litigation over the morning sickness drug thalidomide, a Pennsylvania federal judge has said.

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Analysis

Newman's Appeal Loss Shows Limits On Suspension Reviews

By Ryan Davis

The U.S. Supreme Court's rejection on Monday of Federal Circuit Judge Pauline Newman's appeal in the long-running dispute over her suspension made clear that the available routes to challenge such orders are narrow, and spurred critics to contemplate ways to revise the system.

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Justices Turn Down Judge Newman's Suspension Case

By Ryan Davis

The U.S. Supreme Court on Monday rejected Federal Circuit Judge Pauline Newman's effort to revive her lawsuit against her colleagues for suspending her, leaving intact a D.C. Circuit decision that her challenges to the order are not subject to judicial review.

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Attys Want Up To $33M In Long-Running UBH Benefits Fight

By Kellie Mejdrich

Attorneys for employee benefit plan participants who sued to change how United Behavioral Health processed claims for mental health and substance use disorder treatment asked a California federal court for up to $33 million in fees and expenses for their work on the "groundbreaking" case.

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Barnes & Thornburg Profit-Share Admin Wants Legal Bills Paid

By James Boyle

A company that oversaw recordkeeping duties of Barnes & Thornburg LLP's profit-sharing plan says in a complaint in Pennsylvania state court it is owed legal fees over a previous suit filed by a former firm partner.

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FBI Misplaced Nadine Menendez's Jewelry, Judge Told

By Parker Quinlan

An attorney for Nadine Menendez on Monday told a Manhattan federal judge that the FBI is still unable to locate pieces of her jewelry seized as part of the investigation that led to Menendez and her husband, former U.S. Sen. Bob Menendez of New Jersey, being convicted of participating in a bribery scheme.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled disputes involving shareholder voting rights, take-private transactions, merger disclosures, board control battles and investor litigation, while the Delaware Supreme Court heard arguments over the wind-down of an oil-and-gas investment fund.

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