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New York Law Journal

Bank of America's Cash Sweep Program Attracts New Legal Fire in Class Action

A New Jersey resident accused the bank of offering paltry interest rates on its "cash sweep" accounts.
3 minute read

Corporate Counsel

FTC Sues Cash-Advance Fintech Dave, Says It Deceives the 'Financially Vulnerable'

The Los Angeles-based company defended its business practices and called the enforcement action "regulatory overreach."
4 minute read

Corporate Counsel

Discover Hires Interim Legal Chief as $35B Sale to Capital One Faces New Hurdles

Discover had hoped to complete its sale before Hope Mehlman exits as legal chief Nov. 27. But Capital One recently acknowledged that completing the deal this year is no longer a possibility.
4 minute read

Daily Business Review

Shareholders Sue Arc Global for Wrongful Withholding of Trump Media Shares

"The complaint isn't for monetary damages because we're seeking an expedited ruling from the court to recover possession of the shares. Then the complaint would be for many, many millions of dollars," said Daniel Lustig, a partner at Pike & Lustig
3 minute read

Law.com

Greenberg Traurig Initiates String of Suits Following JPMorgan Chase's 'Infinite Money Glitch'

The string of fraud incidents was spurred by a viral video on TikTok in August, in which users claimed to discover a systemwide "glitch" in Chase ATM's allowing unlimited amounts of money to be withdrawn.
3 minute read

New York Law Journal

Funding Life-Income Charitable Gifts With IRAs

"Your clients can use up to $53,000 of their IRA's Required Minimum Distributions (RMDs) to make life-income charitable gifts."
4 minute read

Corporate Counsel

First Horizon Hires GC Steeped in Tennessee Politics

Lang Wiseman, 53, is taking the legal reins from Charles Tuggle, 76.
3 minute read

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

The Legal Intelligencer

Dilworth Paxson Launches Erie Office With Longtime Local Banking Attorney

Roger Richards highlighted his close relationship with Dilworth Paxson chairman Lawrence McMichael and his need to have a succession plan in place for his solo practice.
4 minute read

Daily Business Review

AXS Law Sues LZGI and Genius Group in $30 Million Fraud Case

"We're going with a one-two punch, with the class action proceeding in New York and the derivative proceeding here in Miami," Gutchess explained.
5 minute read

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