NEXT
Sign in to follow

Litigation Daily

Litigators of the Week: A Resounding Class Certification Win for Goldman Sachs at the 2nd Circuit

The court sided with a joint defense team led by Bob Giuffra at Sullivan & Cromwell and Kannon Shanmugam of Paul Weiss in finding a mismatch between the targeted drop in Goldman's stock price and the bank's generic statements about conflicts of interest and business ethics.
9 minute read

Litigation Daily

Another Stellar Batch of Litigator of the Week Runners-Up and Shout Outs

Boies Schiller Flexner, Bernstein Litowitz Berger & Grossmann, Kessler Topaz Meltzer & Check and Grant & Eisenhofer won more than $600 million in damages for shareholders of Fannie Mae and Freddie Mac at trial against the Federal Housing Finance Agency.
7 minute read

New York Law Journal

Judge Rejects Ex-Allianz Executive's Motion to Dismiss Indictment, Rules Privilege Was Waived

Chief Judge Laura Taylor Swain found that the conflict disclosure provision required Sullivan & Cromwell to act when it "actually concludes that a conflict exists," not when it should have perceived a conflict.
5 minute read

New York Law Journal

DOJ Announces $1.4B Settlement with UBS Over Mortgage Underwriting That Helped Lead to 2008 Financial Crisis

With the latest settlement, the DOJ collected more than $36 billion in civil penalties from 18 institutions, including Bank of America, Citigroup, Deutsche Bank and Wells Fargo.
3 minute read

New York Law Journal

Sam Bankman-Fried Leaves Courtroom in Handcuffs, Lawyers Say They Will Appeal Bail Revocation

U.S. District Judge Lewis Kaplan of the Southern District of New York noted that the defense has raised concerns about Sam Bankman-Fried's First Amendment rights while he is under an interim gag order, but ruled that the concerns about witness intimidation outweigh that issue.
4 minute read

New York Law Journal

Goldman Sachs Wins Reversal on Class Certification in Long-Running Shareholder Suit

The ruling comes after the district court certified the class on three separate occasions in the long-running procedural history of the suit, which was originally filed in 2010 and involves shareholders' claims that they lost more than $13 billion.
4 minute read

New York Law Journal

US Judge Dismisses Shareholder Class Action Against JPMorgan Over Epstein Ties

The Grant & Eisenhofer team representing the plaintiffs, which include the Operating Engineers Construction Industry and Miscellaneous Pension Fund, wrote that they intended to hold the bank's directors and officers accountable "for their longstanding governance failures."
3 minute read

Delaware Business Court Insider

Bank of America Shareholder Brings 'Massey' Claims Over Stalled Unemployment Payouts

The complaint alleges actions by Bank of America's 18 board members and six executive officers left the bank liable for $225 million in federal regulatory fines and fending off two lawsuits.
4 minute read

Corporate Counsel

Regulators Fine 10 Investment Firms $549M in Latest Crackdown on Off-Channel Communications

The SEC says it knows there are many other firms guilty of the same record-retention failures. It implored them to self-report, in return for less harsh punishment.
3 minute read

Daily Report Online

Woman Sues Bank of America, Claiming It Enrolled Customers in Products Without Consent

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

Resources

  • Leveraging Technology to Improve Employee Engagement and Client Satisfaction

    Brought to you by CARET Legal

    Download Now

  • How to Choose Your Legal Operations Software: Key Considerations and Expert Tips

    Brought to you by DiliTrust

    Download Now

  • Yearly Roundup: Strategic Insights for Law Firm Decision Making

    Brought to you by CARET Legal

    Download Now

  • Lex Machina Contracts: Commercial Litigation Report 2024

    Brought to you by LexisNexis®

    Download Now