OCC Pledges Transparency Amid 'Ongoing' Breach Review

By Jon Hill

Following a "major" breach of its email system, the Office of the Comptroller of the Currency said it is still figuring out what sensitive information was accessed and will let banks know individually if material on them or their customers was included.

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Judge Tells Feds To Unfreeze Climate, Infrastructure Funds

By Lauren Berg

The U.S. Department of Agriculture, U.S. Environmental Protection Agency and other federal agencies must "turn the funding spigots back on" while environmental groups challenge the Trump administration's decision to cut congressionally approved dollars for infrastructure, agriculture, climate and other initiatives, a Rhode Island federal judge ruled Tuesday.

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Chase Says Fla. Biz Playing Games With NY 'Debanking' Suit

By Katryna Perera

JPMorgan Chase Bank NA wants a case accusing it of "debanking" a Florida company sent to the Sunshine State, arguing that it has already won at least one nearly identical suit there and that the company's attempt to bring the current action in New York is a transparent attempt at forum shopping.

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Brief

Judge Vacates CFPB's Credit Card Late Fee Rule

By Katryna Perera

A Texas federal judge on Tuesday vacated the Consumer Financial Protection Bureau's $8 credit card late fee rule after the agency reached a deal with the U.S. Chamber of Commerce and other trade groups to settle their litigation over the agency's Biden-era rule.

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Securities Org. Says SEC Must Hand Over Texting Sweep Data

By Sarah Jarvis

The American Securities Association has urged a Florida federal court to order the U.S. Securities and Exchange Commission to turn over spreadsheets related to the regulator's enforcement sweep of so-called off-channel communications, arguing the SEC's "ever-changing excuses" cannot shield it from Freedom of Information Act requirements.

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Pot Co. Settles With Capital Firm In 'Neobank' Fraud Suit

By Mike Curley

Cannabis company Killa Bees Distribution LLC has agreed to a settlement with a venture capital firm and its executive, resolving claims that they benefited from alleged fraud by a "neobank" for cannabis businesses who couldn't use traditional banking.

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No Appeal For Green Energy Co. CEO In $40M Investor Suit

By Sydney Price

The CEO of a company purportedly funded by a green energy outfit can't appeal a judge's determination in a proposed investor class action that found the executive is subject to the Tennessee federal court's jurisdiction, saying he failed to meet the requirements for such an appeal.

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Davis Polk Guides StoneX On $900M RJ O'Brien Buy

By Al Barbarino

Davis Polk & Wardwell LLP is guiding New York-based StoneX Group on its agreement to acquire Mayer Brown LLP-advised futures brokerage R.J. O'Brien, or RJO, at an equity value of approximately $900 million.

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5 Ways Banking Has Changed In 5 Years Since COVID

Since the start of the pandemic five years ago, technology, convenience and shifting expectations have transformed compliance for the financial services industry in several key ways, from the shrinking role of the traditional bank branch to the rise of fintech and mobile payments, says Christopher Pippett at Fox Rothschild.

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E-Discovery Quarterly: The Perils Of Digital Data Protocols

Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.

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DOJ Resists Perkins Coie Summary Judgment Bid In EO Case

By Emily Sawicki

The U.S. Department of Justice is continuing to defend President Donald Trump's March 6 order suspending security clearances held by Perkins Coie LLP attorneys, arguing on Wednesday that the BigLaw firm cannot take an early win, in part due to the firm's alleged "discriminatory employment activities" through participation in Mansfield Certification.

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Firms Mum As EEOC Deadline For Diversity Data Passes

By Vin Gurrieri

Tuesday marked the deadline for large law firms to answer the U.S. Equal Employment Opportunity Commission's acting chair's request for detailed information about their diversity, equity and inclusion programs, and neither the firms nor the EEOC would confirm if or how the legal heavyweights had responded.

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DC Judge Mulls Contempt For Gov't Over 'Rushed' Removals

By Britain Eakin

U.S. District Judge James Boasberg found probable cause on Wednesday to hold the Trump administration in criminal contempt for willfully violating his order barring removals of Venezuelans under the Alien Enemies Act, despite the U.S. Supreme Court having vacated that order.

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Former McCarter & English Atty Fights Bid To Toss Firing Suit

By Jake Maher

A former McCarter & English LLP attorney and Navy SEAL has accused the firm in New Jersey state court of trying to "smear" him by claiming he was fired for his offensive social media posts rather than his advocacy for veterans.

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Jackson Walker Hits Back At Bankruptcy Court Standing Brief

By Catherine Marfin

Jackson Walker LLP told a federal judge that the CEO of a now-bankrupt barge company is improperly trying to relitigate the issue of standing in bankruptcy court with his suit over a former judge's secret romance with a firm partner.

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DC Judge Considers Bid To Block IRS Info Sharing With ICE

By Ali Sullivan

A D.C. federal judge on Wednesday questioned whether immigrant advocacy groups have standing to block a tax information-sharing agreement between the IRS and immigration enforcement agencies, but she also outlined concerns that the agreement could be abused.

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California Challenges Trump's Economic Emergency Tariffs

By Dylan Moroses

The California state government filed suit Wednesday challenging President Donald Trump's recent use of a law that has allowed him to unilaterally impose broad and aggressive tariffs on imports entering the U.S.

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Ed Martin Discloses Russia TV Spots, Coloring Books, Jan. 6

By Courtney Bublé

Ed Martin, President Donald Trump's nominee for U.S. attorney for the District of Columbia, has disclosed dozens of additional media interviews with right-wing and Russian-state outlets, according to a letter obtained on Wednesday by Law360.

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Schumer Looks To Block Trump NY US Attorney Nominations

By Courtney Bublé

Senate Minority Leader Chuck Schumer, D-N.Y., announced on Wednesday he is exercising his power to block two of President Donald Trump's nominations for U.S. attorneys, which could set up an early test for preserving the long-standing Senate blue slip tradition.

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