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April 02, 2026
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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April 02, 2026
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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April 02, 2026
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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April 02, 2026
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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April 02, 2026
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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April 02, 2026
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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April 01, 2026
A Luxembourg-based bank must turn over nearly $1.7 billion in Iranian assets to victims of terrorist attacks that a D.C. federal court previously connected to Tehran, a New York federal judge ruled Tuesday, saying the litigation can proceed despite the absence of Iran's central bank.
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April 01, 2026
The founder of crypto payments firm Evita on Wednesday admitted to what prosecutors say was a scheme to launder over half a billion dollars in cross-border transactions through the U.S. financial system, including funds held by sanctioned Russian banks.
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April 01, 2026
The Consumer Financial Protection Bureau has asked the D.C. Circuit to let it proceed with a new plan to lay off roughly half of its remaining staff, arguing this latest downsizing proposal moots concerns that led to a lower-court injunction freezing efforts to slash its workforce.
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April 01, 2026
U.S. Bancorp escaped a suit calling its use of Meta's Pixel a "highly offensive" intrusion that shares bank website user information with Meta without users' consent, with a Minnesota federal judge ruling the plaintiff does not specify what information he shared with the bank or how it was used.
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April 01, 2026
Federal Deposit Insurance Corp. examiners last year cited banks for the fewest number of federal consumer protection violations since at least 2018, while the agency initiated half as many consumer protection-related enforcement actions as it did the year prior.
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April 01, 2026
Democratic lawmakers have kicked off a probe into Secretary of Defense Pete Hegseth's purported attempt to place a multimillion-dollar investment in a BlackRock fund specializing in defense industry companies just weeks before the U.S. military conducted airstrikes in Iran.
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April 01, 2026
Two cyber insurers don't owe coverage to a Mississippi law firm after a fraudster used a false identity to hoodwink the firm out of more than $158,000 by procuring legal services to secure an owed debt that turned out to be fake, a federal court has ruled.
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April 01, 2026
Sidley Austin LLP defeated a suit from a family of business magnates who said they were duped into a tax sheltering scheme by an ex-attorney, after a Georgia federal judge ruled the family should have suspected they were in legal trouble long before they filed their suit.
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April 01, 2026
The U.S. Departments of Labor and Health and Human Services must continue facing claims that they illegally gave Elon Musk's Department of Government Efficiency access to employee records, as a D.C. federal judge denied the agencies' bid to escape the union-brought allegations before the trial phase.
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April 01, 2026
The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.
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April 01, 2026
Synchrony Bank customers said a North Carolina federal judge erred when directing them to arbitrate claims accusing the bank of promoting a misleading 0% interest rate for veterans, arguing the order contains several misinterpretations of the Military Lending Act.
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April 01, 2026
The Second Circuit on Wednesday affirmed a district court's conviction of a payday lender on racketeering, money laundering and fraud claims, rejecting the lender's argument that his conviction must be vacated because, while his trial was underway, his court-appointed counsel cooperated with the same prosecutors' office in an unrelated case.
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April 01, 2026
Rocket Companies Inc., subsidiary Rocket Mortgage LLC and other Rocket subsidiaries are urging a Michigan federal court to toss a proposed antitrust class action from homebuyers who claim the Rocket companies illegally provide business leads to real estate agents who tell homebuyers to pick Rocket to finance home purchases despite competing services that are better.
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March 31, 2026
Before taking inactive status late last year, U.S. District Judge William H. Alsup presided over historic litigation in California's Northern District for 26 years, arriving at his San Francisco chambers every weekday before dawn to prepare for the day's work.
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March 31, 2026
Georgia lawmakers gave final approval to legislation that would allow state securities regulators within the secretary of state's office to force fraudsters to repay damages directly to investor victims.
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March 31, 2026
Federal Reserve Vice Chair for Supervision Michelle Bowman signaled Tuesday that changes could be on the horizon for a set of longstanding rules that limit banks' lending to their own executives and other insiders, identifying them as an upcoming target for reconsideration.
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March 31, 2026
A New York federal judge has ruled that Quantum BioPharma Ltd. can pursue most of its lawsuit accusing the brokerage arms of the Royal Bank of Canada and the Canadian Imperial Bank of Commerce of spoofing the biopharmaceutical company's stock, finding that Quantum plausibly alleged that the scheme occurred and that the banks acted recklessly.
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March 31, 2026
Three Democratic senators have asked U.S. Treasury Secretary Scott Bessent to provide information on Elon Musk's possible involvement in the rollback of the Corporate Transparency Act, saying the department's moves allow entities tied to the billionaire to operate in obscurity.
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March 31, 2026
The 2016 outcome of a robocall blocker's lawsuit in the Northern District of Illinois bars the same company from pursuing similar claims that it filed against Synchrony Financial in Connecticut, a federal judge has ruled in tossing the latest case for good.