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Litigation Daily

How Quinn Emanuel Went from Losing a TRO to a Sweeping Win Over Citibank's Half-Billion Blunder

In fast-paced, high-stakes pieces of litigation, winning at the temporary restraining order stage can often be the whole ballgame. Not this time.
5 minute read

New York Law Journal

Judge Blocks Citibank's Bid to Claw Back $500M in Mistaken Payments to Revlon Lenders

U.S. District Judge Jesse M. Furman of the Southern District of New York said in a 105-page opinion that the asset managers believed in "good faith and with ample justification" that that the transfers were actually repayments on a loan to cosmetic company Revlon Inc.
3 minute read

Daily Report Online

Troutman Pepper, Greenberg Traurig Lure In-House Leaders to Firm Life

These moves are the latest in a series of in-house lawyer moves to large law firms this year.
5 minute read

Texas Lawyer

Don't Let the Tax Tail Wag the Dog

For those navigating estate and tax planning as President Joe Biden takes office, keep the entire picture in mind, say Colin Carter and Steve Aucamp, managing directors at Tiedemann Advisors.
4 minute read

The American Lawyer

With New Flexibility in Partner Pay, Davis Polk Recruits White & Case Finance Partner

While the change in Davis Polk's partner pay system did not lead to Nicholas Palumbo's arrival, "the flexibility we have in our new model makes it easier to act on our strategic priorities," said firm leader Neil Barr.
4 minute read

The American Lawyer

Hire Up: Leaders of Hot Big Law Practices Are Making Moves

Law firms are bulking up in life sciences, fintech, white-collar and regulatory practices.
5 minute read

Daily Business Review

Masks, Robberies and Negligent Security Lawsuits—a COVID Quandary for Banks

Banks across the nation have walked back their requirements banning face-coverings from their establishments and have mandated masks to mitigate the spread of the disease.
6 minute read

Daily Report Online

11th Circuit Revives False Claims Act Lawsuit Over Hundreds of Millions in Improper VA-Backed Loans

The qui tam suit accused now-defunct Mortgage Investors Corp. and its president of adding illegal fees to Veterans Administration-backed loans, costing the government hundreds of millions of dollars.
7 minute read

Corporate Counsel

Ex-Wells Fargo General Counsel to Pay $3.5M Penalty for Role in Phony Account Scandal

James Strother once vowed to fight charges alleging he turned a blind eye to "rampant criminal and legal violations." Now, he "is pleased to put this matter behind him."
3 minute read

New York Law Journal

DOJ's 'Cryptocurrency Enforcement Framework'

In his Blockchain Law column, Robert A. Schwinger discusses a new DOJ report which outlines the various uses of cryptocurrency, the various channels through which the DOJ will take enforcement action in regard to cryptocurrency, and the public safety challenges relating to enforcement against the illicit uses of cryptocurrency. The DOJ is sending a clear message that it will not hold back on enforcing the laws as they currently are written, and that it is well within DOJ's power to regulate criminal activity even where it involves a novel and developing area like cryptocurrency.
11 minute read

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