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Lawsuit Targets Major Credit Card Lender Over Alleged Excessive Charges
An Atlanta attorney has sued Capital One on behalf of a potential class of credit card holders, challenging the bank's decision to raise interest rates on some accounts in good standing. The suit opens up a second front in a legal war E. Adam Webb and his law partners are waging against the banks on behalf of consumers who claim they have been subjected to excessive finance charges and fees. Last year, Webb began filing a series of complaints challenging banks' practices governing overdraft fee charges.Amid Bankruptcy Reports, Dewey Says It's Eyeing All Options; Greenberg Confirms Possible Interest
The drama swirling around Dewey & LeBoeuf took a new turn Friday when Greenberg Traurig said it has had "preliminary discussions relating to lawyers at Dewey & LeBoeuf," but has "made no commitments" nor "reached agreements." The statement came on the heels of reports that Dewey leaders are considering a prepackaged bankruptcy plan in order to keep intact what remains of the rapidly shrinking firm.A decade after convicted tax lawyer Raymond "R.J." Ruble was booted from Sidley Austin, his exploits continue to haunt the firm.
Ten Tips to Improve Your Motion Practice
John R. Higgitt, a principal court attorney to Justice Douglas E. McKeon, Administrative Judge for Civil Matters in the Bronx, writes: Every day a healthy stream of motions, cross motions and ex parte applications pour into courthouses. Given the time and effort attorneys must expend to make a motion and the potential stakes of the court's decisions, attorneys should mind their procedural "Ps and Qs" when preparing and submitting motion papers.Wilson Sonsini Rides High with Twitter, Other Tech IPOs
Wilson Sonsini Goodrich & Rosati's role in 2013's hottest IPO was confirmed Thursday with Twitter's filing of documents related to its planned $1 billion share sale, the latest in a series of capital markets assignments the firm has handled for clients such as Cvent, FireEye, and Rocket Fuel. Other Am Law 100 firms have grabbed their share of IPO work from companies like Aramark, Burlington Stores, and Potbelly.We've been deluged with news about challenges to mandatory arbitration clauses over the last few months, ever since the Supreme Court issued its AT&T Mobility v. Concepcion opinion last year. So it's refreshing to read a decision on arbitration provisions with a twist: in this case a good old-fashioned (alleged) conspiracy, featuring a lawyer-studded cast.
After thumbing through Webster's Dictionary, U.S. District Judge Jed Rakoff rejected arguments by Bank of America that prosecutors were misinterpreting a key provision of the Financial Institutional Reform, Recovery, and Enforcement Act in order to pursue fraud claims against the bank.
Financial Institutions Assume the Role of Plaintiffs in Securities Litigation
Michael Stocker, a partner at Labaton Sucharow, and Philip Smith, an associate with the firm, write: Large, sophisticated financial institutions and corporations - many of which have been defendants themselves in securities actions - are now crossing over to the plaintiffs bar in droves to pursue actions stemming from the "toxic" residential mortgage backed securities sold to them in the years preceding the financial crisis. The general theory of their claims is familiar, but the cases they bring can be complex and data-intensive.IPO Pipeline Pumps Cash Into Coffers for Latham, Other Am Law 200 Firms
Latham & Watkins, Simpson Thacher, Davis Polk, and Fenwick & West are leading a pack of firms reaping the benefits from a recent round of initial public offerings that includes share sales for such companies as Fairway, SeaWorld, Taminco, and Taylor Morrison.Trending Stories
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Strong & Hanni Solves Storage Woes--Learn How You Can, Too
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Meeting the Requirements of California's SB 553: Workplace Violence Prevention
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The Benefits of Outsourcing Beneficial Ownership Information Filing
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The Top 10 AI Use Cases in Private Equity
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