OCC Says It Will Stop Examining Banks For Reputation Risk

By Jon Hill

The Office of the Comptroller of the Currency said Thursday that it will no longer examine banks for reputation risk, adopting a policy change that some Republican lawmakers want to require for all federal banking regulators to help curb so-called debanking.

Read full article » | Save to favorites »

4th Circ. Leery Of Reviving Class Claims In Lending Bias Suit

By Hayley Fowler

A group of borrowers faced an uphill battle Thursday trying to convince the Fourth Circuit to revive their class claims accusing Navy Federal Credit Union of discriminatory lending practices, with one judge chastising what he said were attempts to rewrite the complaint.

Read full article » | Save to favorites »

Feds Say Crypto Lobbyist Can't Delay FTX-Tied Case

By Katryna Perera

New York federal prosecutors Thursday opposed a request from attorney and crypto lobbyist Michelle Bond to extend filing deadlines for pre-trial motions in her criminal case until June, saying Bond's inability to access her assets due to bankruptcy proceedings involving her FTX-affiliated husband is not enough to warrant a delay.

2 documents attached | Read full article » | Save to favorites »

CFPB Union Narrows Injunction Bid In Shutdown Suit

By Jon Hill

The Consumer Financial Protection Bureau would be barred from idling its workforce under a narrowed injunction bid filed Wednesday in Washington, D.C., federal court, where the agency's employee union is squaring off with the Trump administration.

Notice attached | Read full article » | Save to favorites »

Judge Denies CFPB's Bid To Pause Experian Dispute Case

By Emilie Ruscoe

The Consumer Financial Protection Bureau can't pause its dispute-handling claims against credit reporting giant Experian to give the agency's new acting director time to review the case, a California federal judge said.

Order attached | Read full article » | Save to favorites »

Payday Lender Gets Appeal On Lawyer's Blackmail Conflict

By Joyce Hanson

The Second Circuit has decided to let a former payday lending executive, now incarcerated on charges that he ran a fraudulent $2 billion lending scheme, move ahead with a new appeal after hearing that his trial counsel faced blackmail from another client.

Order attached | Read full article » | Save to favorites »

Iowa Adviser To Pay $15M Over SEC Conflict Claims

By Sarah Jarvis

An Iowa-based adviser has been ordered to pay $15 million over claims from the U.S. Securities and Exchange Commission that it invested client assets in funds that benefited an affiliated broker-dealer instead of lower-cost alternatives, without disclosing its conflicts of interest.

1 document attached | Read full article » | Save to favorites »

Mortgage Co. Denied Legal Fees In EEOC Suit

By Sydney Price

A Washington federal judge has rejected mortgage and financial services company Covius Services LLC's bid for attorney fees after it defeated an Equal Employment Opportunity Commission employment suit alleging that it unlawfully refused to hire a woman because she took pain medication, saying the mortgage company had not shown that the suit was ill-conceived.

Order attached | Read full article » | Save to favorites »

Suit Says Stifel Underpaid Clients In Cash Sweep Accounts

By Sydney Price

Wealth management company Stifel Financial Corp. and its brokerage arm were hit with a proposed class action by two customers alleging Stifel systematically underpaid clients on cash sweep accounts while profiting from rising interest rates.

Complaint attached | Read full article » | Save to favorites »

Pot Co. Disputes 'Forgery' Of Service In Banking Suit

By Mike Curley

A cannabis company is urging an Oregon federal court to reject a venture capital firm's bid to vacate a default judgment in a suit against a defunct cannabis "neobank," saying the evidence shows the suit was properly served and that receipts weren't forged.

Motion attached | Read full article » | Save to favorites »

4 Key Payments Trends For White Collar Attys

As the payments landscape continues to innovate and the new administration looks to expand the role of digital currency in the American economy, white collar practitioners should be aware of several key issues in this space, say attorneys at Jenner & Block.

Read full article » | Save to favorites »

Series

Performing Stand-Up Comedy Makes Me A Better Lawyer

Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.

Read full article » | Save to favorites »

Paul Weiss Stuns Legal Industry With Trump DEI Deal

By Ryan Boysen

Paul Weiss Rifkind Wharton & Garrison LLP's decision to strike a deal with the Trump administration to defuse an executive order targeting the firm has drawn criticism across the legal industry and highlights the challenges preventing BigLaw firms from taking collective action against the White House.

Read full article » | Save to favorites »

Up Next At High Court: Non-Delegation & Clean Air Fights

By Katie Buehler

The U.S. Supreme Court will return to the bench Monday to hear arguments in a dispute that could revive a long-dormant separation of powers principle and trigger a regulatory power shift. 

Read full article » | Save to favorites »

3rd Circ. Axes Ethics Claim Against Judge Critical Of Trump

By Emily Sawicki

A D.C. federal judge who criticized then-candidate Donald Trump in a CNN interview last spring has escaped judicial misconduct charges, with the Judicial Council of the Third Circuit finding that the judge had not violated judicial canons in his statements regarding Trump's social media posts amid a pending legal action.

Opinion attached | Read full article » | Save to favorites »

Ex-Cognizant CLO Reconsidering Dismissal Of Paul Weiss

By Carla Baranauckas

A former Cognizant Technology Solutions Corp. executive facing bribery charges indicated Friday that he may reconsider his decision to fire Paul Weiss Rifkind Wharton & Garrison LLP as his trial counsel, now that President Donald Trump has rescinded an executive order limiting the firm's access to federal buildings and officials.

Letter attached | Read full article » | Save to favorites »

Judge Accused Of Bias Expresses Regret Over MDL Remarks

By Emily Johnson

The chief judge of the Eleventh Circuit has dismissed a judicial ethics complaint alleging that a Florida federal judge had shown impermissible bias in favor of women leading the multidistrict litigation over the hormonal contraceptive drug Depo-Provera, after the judge said she "regrets any misunderstanding" and took steps to address the issue.

Decision attached | Read full article » | Save to favorites »

Attys Suing FIFA Say Humans, Not AI, Made Citation Errors

By Lauren Berg

Attorneys accusing soccer's international governing body, its Puerto Rican affiliate and a regional soccer association of trying to block local rivals told a Puerto Rico federal judge Friday that it was simply human oversight — not the use of artificial intelligence — that led to citation inaccuracies in recent filings.

Response attached | Read full article » | Save to favorites »

Ex-Buzbee Client Says Roc Nation Can't Exit Conspiracy Suit

By Lynn LaRowe

Shawn "Jay-Z" Carter's company Roc Nation can't exit a lawsuit that claims his company conspired to "finance" malpractice suits against attorney Tony Buzbee because it was "an integral and driving force" behind the alleged misconduct, according to a response filed in Texas federal court to a motion to dismiss on jurisdictional grounds.

3 documents attached | Read full article » | Save to favorites »

Analysis

Nonlawyer Migrant Aides See Clear Mission But Murky Future

By Marco Poggio

"Accredited representatives," a little-known and underutilized role that allows nonlawyers to represent immigrants with the federal government's authorization, are facing unprecedented demand but also an uncertain future under the Trump administration.

Read full article » | Save to favorites »

No Suspension Pause For Ex-Alex Jones Atty, Ethics Boss Says

By Brian Steele

A former Alex Jones attorney's two-week suspension from practicing law in Connecticut should not be halted amid an impending appeal, but he should get credit for a previous weeklong suspension he served over the same mishandling of confidential information about family members of Sandy Hook shooting victims, the state's chief legal ethics official said in a new filing.

2 documents attached | Read full article » | Save to favorites »

3rd Circ. Takes On NJ Judicial Privacy Law's Constitutionality

By Rose Krebs

The Third Circuit has granted requests by several data brokers to review a lower court judge's ruling that New Jersey's judicial privacy and security measure, known as Daniel's Law, is constitutional.

5 documents attached | Read full article » | Save to favorites »

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

By Laura Stewart Liberty

This past week in London has seen a sub-postmaster sue the Post Office and Fujitsu, Russian insurer Ingosstrakh hit the Financial Times with a defamation claim, and Britvic-owned Robinsons Soft Drinks file a passing off claim against Aldi. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Cognizant's former chief legal officer, who's facing bribery charges, requested a trial delay after he fired Paul Weiss from his defense team following the Trump administration's suspension of the firm's security clearances. Meanwhile, new findings show that women are still compensated less than men in legal operations roles. These are some of the stories in corporate legal news you may have missed in the past week.​

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Boies Schiller Flexner LLP, Kessler Topaz Meltzer & Check LLP, Grant & Eisenhofer PA and Bernstein Litowitz Berger & Grossmann LLP lead this week's edition of Law360 Legal Lions, after a D.C. federal judge upheld a $612.4 million jury verdict against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac.

Read full article » | Save to favorites »

In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

Read full article » | Save to favorites »