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Litigation Daily

Litigators of the Week: Second Circuit Tells Argentina to Turn Over More Than $300M to Bondholders

The Second Circuit held that certain funds weren't protected by the Foreign Sovereign Immunities Act, handing a win to investors represented by Dennis Hranitzky, John Bash and Alex Loomis of Quinn Emanuel.
7 minute read

National Law Journal

Supreme Court Leaves Order Blocking Biden's Latest Debt Plan

In a break from the Supreme Court's standard one-line orders, the court said that it "expects that the Court of Appeals will render its decision with appropriate dispatch."
4 minute read

New York Law Journal

Cracks in Nordea Bank's Money-Laundering Controls Results in $35M NY Fine

Nordea, which has had a branch in New York City for decades, said it has since fortified those efforts, while its former processes, policies and controls involved a shuttered brank in Denmark and Nordea's former operations in the Baltics.
3 minute read

Corporate Counsel

Trailblazer at International Monetary Fund Handing Over Legal Reins After 27 Years With Agency

Liberian native Rhoda Weeks-Brown said she had lived her dream "of working for an organization with a mission that could change the world for the better."
4 minute read

New Jersey Law Journal

Law Firm Scammed: TD Bank Faces Suit Over Alleged $150K Fraud

Bruce Nagel, when asked why nearly four years elapsed between the bounced check and the filing of a suit, said, "I'm lazy," but later added that he has "known about it and trying to settle it and I'm hopeful I'll get it settled."
2 minute read

National Law Journal

4th Circuit Revives Consumer Protection TILA Lawsuit Against PNC Bank

"We hold that TILA's offset provision, which prevents creditors from dipping into consumers' deposit accounts in order to offset outstanding payments on their credit card plans, applies to HELOCs," Judge Roger L. Gregory wrote in the majority opinion for the Fourth Circuit, reversing the district court's judgment on that claim.
3 minute read

The Legal Intelligencer

Stradley Ronon Bolsters Investment Management Practice With Vanguard Hire

Former Vanguard associate general counsel Brian Murphy most recently headed the investment giant's enterprise growth legal team.
4 minute read

The American Lawyer

Law Firms Could Post 'One of the Strongest Years We See'

Citi's Global Wealth at Work Law Firm Group found the industry continued its momentum from the first quarter.
4 minute read

Corporate Counsel

SEC Fines Carl Icahn $2M, Signaling Scrutiny of Margin Loan Disclosures

The agency says the longtime activist investor failed to disclose that he and his company pledged billions of dollars in stock as collateral on margin loans.
2 minute read

Corporate Counsel

KPMG Vice Chair Is Latest Winner in Game of GC Musical Chairs

The domino effects of Michelle Brody's retirement as IBM legal chief continue to unfold, leaving KPMG as the latest firm with a vacancy to fill.
2 minute read

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