By Amanda Bronstad | June 15, 2018
Labaton Sucharow has moved for a federal judge reviewing its billing records to recuse himself from a securities class action settlement, citing a “serious conflict” raised by statements from the judge, which the firm said implied that the New York law firm was engaged in public corruption.
By Jenna Greene | June 13, 2018
Advertisements are fleeting. Do you really want to go to trial four years down the road over a misleading claim? If you're vacuum cleaner maker Dyson Inc., the answer is yes.
By Sue Reisinger | June 12, 2018
Merrill Lynch will pay more than $15 million to settle charges that its employees misled customers into overpaying for residential mortgage-backed securities.
By Sue Reisinger | June 8, 2018
Internationally, banks had a tough enforcement week--a timely reminder of the importance of a strong compliance focus in the financial services sector.
By Charles Toutant | June 7, 2018
Although the developers depicted the Latium initial coin offering as a sale of "utility-based tokens," it was subject to the Securities Act of 1933 because investors were promised that the tokens would be worth more than the price they paid, according to the suit.
By C. Ryan Barber | June 7, 2018
The dismissal comes fives months after a Washington federal appeals court upheld the CFPB's power structure as constitutional but tossed the penalty against New Jersey-based PHH, sending the case back to the bureau for further action.
By Jenna Greene | June 7, 2018
The deal took some highly skilled maneuvering by the bank's lawyers from Skadden, Arps, Slate, Meagher & Flom; Debevoise & Plimpton and Mayer Brown.
By Greg Land | June 1, 2018
Faced with hundreds of millions of dollar in potential damages, Northwestern University tapped Jenner & Block's Craig Martin and Amanda Amert to smack down a putative class action challenging the substance and management of its retirement plans.
By Amanda Bronstad | May 29, 2018
U.S. District Judge Mark Wolf in Boston said he would address concerns by three plaintiffs firms currently serving as class counsel to State Street customers about the deadline to propose redactions to the report, which the special master filed under seal on May 14.
The Legal Intelligencer | News
By P.J. D'Annunzio | May 29, 2018
Warminster-based O'Neill Bragg & Staffin and its principals filed a lawsuit in federal court in Philadelphia against Bank of America, claiming the bank was responsible for the damage done after hackers used deceptive emails to dupe a member of the firm into transferring more than a half-million dollars to the Bank of China.
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