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National Law Journal

Contrasting Views of Investors Dominate Closings in Shkreli Trial

Lawyers making closing arguments in the securities fraud trial of ex-pharmaceutical executive Martin Shkreli on Thursday painted contrasting portraits of investors who were allegedly defrauded by the so-called “Pharma Bro.”
5 minute read

National Law Journal

Uber on a Hiring Spree, CFPB Arbitration Rule in Senate's Hands: Roundup

Uber's gone on a lobbying bonanza, the SEC awarded a government employee for helping regulators with an enforcement action, and more.
10 minute read

Daily Business Review

Libor Funeral Set for 2021 as FCA Abandons Scandal-Tarred Rate

Libor, the nearly 50-year-old global borrowing benchmark that became a byword for corruption, is headed for the trash heap of history.
8 minute read

Legaltech News

Lawyer's 'Inadvertent' E-Discovery Failures Led to Wells Fargo Data Breach

The breach highlights the increasing risks of relying on unfamiliar e-discovery technology—and the potential liability exposure to lawyers.
5 minute read

New York Law Journal

De Hernandez v. Wells Fargo Advisors, LLC

Panel Did Not Exceed Authority, Disregard Law On Convenience Accounts in Refusing Transfer
2 minute read

National Law Journal

OCC Invitation Prompts Fintech to Apply for Traditional Bank Charter

Varo Money, a mobile banking startup, announced this week it has applied to become a national bank.
3 minute read

Legaltech News

Wells Fargo Data Fiasco Raises Red Flags, Demands Serious Change: Lawyer

Other bank observers point to the multiple problems exposed by the recent leak of private data of 50,000 clients and advisors.
4 minute read

The American Lawyer

Six Partners to Leave Ashurst in New York Amid Restructuring

A reorganization of the Anglo-Australian legal giant's U.S. finance practice—a remnant of now-defunct McKee Nelson—will see at least five partners join Chapman and Cutler in New York.
4 minute read

Legaltech News

Wells Fargo Shares Private Info on 50,000 Clients and Advisors: Report

The inadvertent data release includes clients' portfolio and asset information, as well as FA compensation and client lists, according to The New York Times.
3 minute read

National Law Journal

Pardon Me? While Trump Has Questions, There Are Few (Solid) Answers

President Donald Trump is reportedly mulling the scope of his power to pardon everyone around him—and possibly himself—in the Russia investigation that Special Counsel Robert Mueller III leads. (His lawyers said that talk wasn't happening.) All of this means questions remain about pardon power. Here's a snapshot of some of the commentary from around the web.
4 minute read

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