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New York Law Journal

US Judge Tosses Securities Class Action Against Teladoc After $18.5 Billion Merger

Teladoc, represented by attorneys at Paul, Weiss, Rifkind, Wharton & Garrison, argued that the virtual health care company was transparent about the "risks and challenges" of the deal.
3 minute read

Daily Business Review

US Treasury AML Whistleblower Program: An International Game Changer

In late December 2022, President Joe Biden signed into law the AML Whistleblower Improvement Act that substantially ups the ante for both domestic and overseas financial services companies that have AML compliance and reporting obligations, including banks, branches, and agencies of foreign banks, securities broker-dealers, and insurance companies.
6 minute read

Texas Lawyer

CLASS ACTION: Wells Fargo Accused of Discriminating Against Hispanics

Wells Fargo's alleged policy created a disparate impact for bilingual team members, causing significant financial hardship when in 2022 and beyond the mortgage industry was financially devastated by rising interest rates and other financial impacts, the complaint asserts.
5 minute read

Litigation Daily

Litigator of the Week: In Election Law and Arbitration Cases, Big Wins for Neal Katyal and Hogan Lovells at SCOTUS

Katyal, who crossed the 50-argument threshold at the U.S. Supreme Court earlier this year, scored major wins for cryptocurrency exchange Coinbase and the watchdog group Common Cause.
13 minute read

Daily Report Online

Upholding Sanctions, 11th Circuit Says CFPB Engaged in 'Dramatic Abuse of Discovery'

"The CFPB does not have the power to decide which discovery rules it will abide by and which it will ignore," the appeals court said.
4 minute read

New York Law Journal

Sam Bankman-Fried Can't Subpoena Fenwick & West, Federal Judge Rules

U.S. District Judge Lewis Kaplan ruled that Bankman-Fried's proposed subpoena "would serve as a fishing expedition" into records associated with Fenwick, which previously provided legal counsel to FTX and the crypto hedge fund Alameda Research.
3 minute read

Corporate Counsel

Legal Departments Brace for Spike in Litigation, Fueled by Slew of Factors

"Law firms want to be sticky with their clients, and companies are increasingly narrowing down who they work with to add more favorable terms with a select group of firms," according to an in-house attorney surveyed by Burford Capital.
2 minute read

Texas Lawyer

Visa Faces Patent Lawsuit Over Mobile Payment Technologies

The court case, brought by Bragalone Olejko Saad on behalf of Liberty Peak Ventures LLC, asserts patents for technologies that facilitate mobile, contactless and online payments.
1 minute read

Corporate Counsel

Embattled Regional Bank Hires GC, Continuing Leadership Overhaul

Republic First Bancorp CEO Thomas Geisel said newly hired legal chief Brian Doran "brings a deep understanding of the legal intricacies and challenges faced by financial institutions such as ours."
2 minute read

Corporate Counsel

Donnelley Financial Replaces Longtime GC With Morningstar's No. 2 Lawyer

Jennifer Reiners, the only legal chief the financial software company has ever had, will receive severance following her replacement by Morningstar's deputy chief legal officer, Leah Trzcinski.
2 minute read

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