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Daily Business Review

Everyone Lays Claim to $3.6 Billion Bitcoin Bag From Hack

Bitfinex said that it will "follow appropriate legal processes to establish our rights to a return of the stolen Bitcoin."
5 minute read

Daily Business Review

Cantor Trader on Trial for Taking 'Off the Books' Commissions

The U.S. Securities and Exchange Commission says the commission-splitting scheme originated in 2002, when the Cantor Fitzgerald employee, then a senior execution trader on the international equities desk, was denied a request to collect commissions from trades on certain accounts he serviced.
4 minute read

The Legal Intelligencer

PNC Sued Over Allegedly Fraudulent Electronic Funds Transfer

This suit was surfaced by Law.com Radar. Read the complaint here.
1 minute read

The American Lawyer

Troutman Pepper Takes 7 Partners From Ballard Spahr in Consumer Finance Group

The group brings experience in consumer financial protection, debt collection, fintech and military lending.
2 minute read

New York Law Journal

Hogan Lovells Continues Corporate and Finance Expansion With Hire From Reed Smith

Three January hires were just the first of many, as the practice group lays plans to make further additions in strategic markets.
3 minute read

Litigation Daily

Litigators of the Week: This Paul Hastings Duo Flipped the Conviction of a Trader Accused of Manipulating LIBOR

The Second Circuit reversed the conviction of former Deutsche Bank trader Matthew Connolly. The decision is the second white-collar appellate reversal Kenneth Breen and Phara Guberman of Paul Hastings have won in as many years.
8 minute read

National Law Journal

Paul Hastings Entices O'Melveny Fintech Co-Chair

A new area of focus for regulators is a trend towards more retail aspects to cryptocurrency and blockchain products.
6 minute read

Law.com

Lawyers in Capital One Breach Settlement Seek $66.5M in Fees

The fee request, submitted on Monday as part of a motion for preliminary approval, is 35% of the $190 million Capital One settlement, which is one of the largest data breach agreements to date.
4 minute read

Daily Business Review

Bruce Jacobs' Very Bad Day: Judges Take Aim at South Florida Lawyer's Nearly 3,500-Page Filings

"He's going to get himself disbarred," Bob Jarvis, a legal ethics professor at Nova Southeastern University College of Law, said. "If not now, then sometime in the future."
4 minute read

Daily Business Review

Then and Now: How This Fed Liftoff Is Nothing Like That of 2015

Federal Reserve Chair Jerome Powell pointed to an economy in "a different situation" from the last interest-rate hiking cycle, highlighting a tighter labor market, the fastest inflation since the 1980s and stronger economic growth.
5 minute read

More from ALM

More from ALM

Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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