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December 12, 2024 | Corporate Counsel

As AI-Generated Fraud Rises, Financial Companies Face a Long Cybersecurity Battle

The use of generative AI to create highly realistic synthetic video, audio, photos or text to circumvent security measures installed by financial services is on the rise and threatens to cost companies billions of dollars, according to an alert recently issued by the U.S. Department of the Treasury's Financial Crimes Enforcement Network.
5 minute read
December 11, 2024 | The American Lawyer

Is London’s Litigation Market in Trouble?

Against the backdrop of PACCAR, the Mastercard settlement this month rattled a litigation market that is facing what some have indicated are near-existential threats.
4 minute read
December 04, 2024 | Law.com

Litigation Funder Behind Mastercard Case Says Settlement 'Struck Without Our Agreement'

The litigation funder says it will be challenging the £200 million settlement which was reached on Tuesday, which it argues is "too low and premature".
3 minute read
November 19, 2024 | National Law Journal

Senators Grill Visa, Mastercard Execs on Alleged Anticompetitive Practices, Fees

The proposed Credit Card Competition Act seeks to foster competition in what the bill's sponsor calls the credit card “duopoly” in which Visa and Mastercard control 80% of the market.
4 minute read
November 08, 2024 | Law.com

Inside Track: How 2 Big Financial Stories—an Antitrust Case and a Megamerger—Became Intertwined

At issue is whether Discover's underperforming digital payments network would have the muscle to challenge Visa's dominance of the payments industry if regulators OK its merger with Capital One.
6 minute read
November 05, 2024 | Corporate Counsel

The Reason a GC Abruptly Departs May Not Be What You Think

"One of the biggest issues is when the new general counsel and the executive leadership team are not aligned in their approach and decision-making," said John Gilmore, co-founder of the search and consulting firm BarkerGilmore.
6 minute read
October 29, 2024 | The American Lawyer

David Boies: Elite Trial Lawyer By Design, Firm Founder 'By Accident and Necessity'

"You've got to have a high tolerance for chaos," said Boies, an American Lawyer Lifetime Achievement honoree, of his chosen line of work.
9 minute read
October 29, 2024 | Law.com

DOJ, FTC Should Begin Operating Like Traffic Officers Again

"Cop on the beat." That's Federal Trade Commission (FTC) Chair Lina Khan's description of the agency she oversees. But such an ahistorical description of the FTC is antithetical to the very reason the agency and its partner department, the Department of Justice, were created.
5 minute read
October 21, 2024 | Corporate Counsel

Mastercard CLO Exits After Just 14 Months, Takes Legal Reins of Laser Manufacturer

Rob Beard is departing a financial giant with a stock market value of $477 billion for a much smaller tech innovator with a market value of $15 billion.
3 minute read
October 18, 2024 | Corporate Counsel

Financial Services Has a Trust Problem. Can GCs Help Right the Ship?

"They'd be wise to focus on user-friendliness and to come across with authenticity when dealing with their customers," said Noah Hanft, a former general counsel of MasterCard.
4 minute read

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