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The Recorder

Wells Fargo Litigation Over 'Reverse Redlining' in Mortgage Lending Practices Moves Federal Courts

This suit was surfaced by Law.com Radar, ALM's source for immediate alerting on just-filed cases in state and federal courts. Law.com Radar now offers state court coverage nationwide.
3 minute read

National Law Journal

Capital One's $35.3B Bid for Discover Faces Bevy of Regulatory Agencies, Hurdles

"The [DOJ] is going to have a challenge because you're dealing with some major companies who are going to not just back out of this easily. They're going to put forth their best foot and be persistent," said antitrust lawyer Carl Hittinger.
6 minute read

National Law Journal

Treasury Warns of AI's Threat to Financial Sector, Says Cyberattackers 'Outpacing' Defenses

"As access to advanced AI tools becomes more widespread, it is likely that, at least initially, cyberthreat actors utilizing emerging AI tools will have the advantage," the department reported.
3 minute read

National Law Journal

Competitive Dynamics Are Key to Bank Merger Review, Kanter Says

"We would be doing the public a disservice if we simply limited our analysis to a paint-by-numbers approach that looks at bank deposits in geographic branch overlaps," the Justice Department's antitrust chief said.
4 minute read

Texas Lawyer

Judge Pittman Slaps Down U.S. Chamber: Your Case Is Not Most Important

"The court does not have the luxury to give increased attention to certain cases just because a party to the case thinks their case is more important than the rest," Fort Worth's U.S. District Judge Mark T. Pittman said.
6 minute read

New York Law Journal

A Potential Enforcement Trap for Mortgage Lenders

Mortgage lenders have many things to worry about when a loan goes into default and they seek to enforce their remedies, whether by foreclosing a mortgage or suing on various guarantees. One thing which may not cross their minds, but can cause a delay in enforcement, is whether or not their lending entity is required to be authorized to do business in the State of New York.
6 minute read

Daily Business Review

Financier Accused of 'Sham Pleading' in Miami Ahead of Decision on Sale of Premier League Team

The league, which can decide who is a "fit and proper steward," is mulling its approval of the sale of the Everton Football Club.
4 minute read

New York Law Journal

Delaware Court Invalidates Portions of Stockholder Agreement

A Delaware Court of Chancery decision to invalidate significant portions of a stockholder agreement could have a marked impact on public companies, impacting M&A activities such as joint ventures, settlements with activist investors and minority venture capital investments.
7 minute read

Law.com

'A Tremendous Financial Burden': Medical Providers File Class Action Lawsuits Against Change Healthcare Over Data Breach

"In the case of the plaintiff, she had to get money out of her retirement account to make payroll, purchase medications for patients and pay operating expenses because they were unable to get claims either pre-authorized, or if they were submitted, they weren't able to get them paid," Thomas A. Zimmerman, Jr., a Chicago-based attorney at the Zimmerman Law Offices told Law.com. "This is causing a tremendous financial burden on the healthcare providers."
5 minute read

The American Lawyer

Morgan Lewis Adds on Three Investment Management Partners From Perkins Coie

The group includes Perkins' former investment management practice co-chair Todd Zerega, who joins the firm in Pittsburgh.
4 minute read

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