CashCall Still On Hook For $134M To CFPB, 9th Circ. Rules

By Rae Ann Varona

The Ninth Circuit on Friday affirmed a $134.1 million restitution payment CashCall Inc. owes to the Consumer Financial Protection Bureau, saying in a published opinion that the loan company's voluntary participation in a bench trial meant that it had waived a right to a jury trial.

Read full article » | Save to favorites »

FDIC 'Pause' Letters Focused On Banks' Crypto Activity

By Aislinn Keely

The Federal Deposit Insurance Corporation directed banks to pause the development of certain crypto products and services in 2022 but stopped short of scrutinizing banks' decisions to provide traditional services to crypto-focused customers, according to documents released by the regulator on Friday.

2 documents attached | Read full article » | Save to favorites »

Bank's Refund Doesn't End Proposed Class Action Over Fees

By Julie Manganis

A bank's "apparent attempt" to "pick off" a plaintiff in a proposed class action by refunding overdraft fees that are the basis for the complaint "will not be permitted," a Massachusetts judge said in denying the bank's bid to dismiss the case.

Decision attached | Read full article » | Save to favorites »

PayPal's Minority Program Biased Against Asians, Suit Says

By Craig Clough

A lawsuit filed in New York federal court alleges that PayPal's $535 million investment program for Black- and minority-led businesses is racially biased against Asian Americans and violates federal civil rights laws. 

Complaint attached | Read full article » | Save to favorites »

CFPB Flags Concerns About Workplace Collections Calls

By Jon Hill

The Consumer Financial Protection Bureau has urged federal and state counterparts to "be on the lookout" for companies that call people at work in pursuit of past due debts, a practice the agency said can be unlawful and may need further legislative attention.

Read full article » | Save to favorites »

Outcome Execs Say Ill. Judge Should End Restitution Process

By Lauraann Wood

Outcome Health's former executives say the Illinois federal judge working to calculate how much they should repay investors following their fraud conviction should end the "largely academic" exercise because prosecutors haven't shown financial loss, and other repayment avenues remain open.

Memorandum attached | Read full article » | Save to favorites »

Student Loan Servicer Gets CFPB Deal Paused Amid Appeal

By Matthew Santoni

Student-loan servicer Pennsylvania Higher Education Assistance Agency can pause its work on fulfilling a settlement with the Consumer Financial Protection Bureau while an appeal to the Third Circuit of an "intertwined" settlement with the loan holders plays out, a federal judge ruled Friday.

Order attached | Read full article » | Save to favorites »

Dallas Fed Hit With Discrimination Suit From Ex-Employee

By Katryna Perera

The Federal Reserve Bank of Dallas has been sued by a former employee who says he was discriminated against and terminated due to his race, skin color and age after complaining to management about himself and other employees of color receiving unfair performance ratings from their supervisor, who is white.

Complaint attached | Read full article » | Save to favorites »

Justices Urged To Review Late-Found Fraud, Int'l IP Damages

By Dani Kass

The winner of a $6.6 million patent infringement verdict is asking the U.S. Supreme Court to review the Federal Circuit's refusal to increase those damages, saying the court set an improper standard for introducing fraud evidence discovered post-trial and overstepped when making unbriefed decisions on foreign damages.

Petition attached | Read full article » | Save to favorites »

Victims Say Crypto Isn't Money, Safeco Must Cover Hack

By Greg Lamm

A Washington couple is accusing Safeco Insurance Co. of illegally refusing coverage for $600,000 in cryptocurrency stolen by hackers, saying in a complaint removed to Seattle federal court on Thursday that the tokens should be classified as personal property, not money, which has a $250 loss limit on the pair's homeowners' policy.

Complaint attached | Read full article » | Save to favorites »

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen Chris Eubank Jr. hit with a libel claim from a boxing promoter, a perfume boss face proceedings from his businesses following sanctions violations claims, and Israeli broadcasters file intellectual property claims against BT and Sky. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

New Year, New Risks: 8 Top Cyber Issues For Finance In 2025

As financial institutions forge ahead in 2025, they must strike a delicate balance between embracing technological innovation and guarding against its darker threats, which this year could include everything from supply chain vulnerabilities to deepfakes, say attorneys at Baker Donelson.

Read full article » | Save to favorites »

Longtime Cravath Presiding Partner Sam Butler Dies At 94

By Anna Sanders

Sam Butler, former presiding partner of Cravath Swaine & Moore LLP during the 1980s and 1990s, died on Saturday at 94. 

Read full article » | Save to favorites »

Analysis

Breyer's 1st Circ. Visit A 'Very Cool' Opportunity For Attys

By Chris Villani

As some lawyers practicing before the First Circuit may learn this week, having a former Supreme Court justice parachute into arguments adds an extra layer of gravitas to the proceedings and another challenge for advocates to navigate as they make their case.

Read full article » | Save to favorites »

On Capitol Riot Anniversary, DOJ Update Says 1,500 Charged

By Courtney Bublé

On the fourth anniversary of the deadly attack on the U.S. Capitol and the day President-elect Donald Trump's victory was to be made official, the U.S. Department of Justice announced that over 1,500 defendants have been charged with federal crimes related to the insurrection.

1 document attached | Read full article » | Save to favorites »

Ex-GMU Prof. Tells Judge To Ignore Accusers' 'False Reality'

By Aebra Coe

Former FTC Commissioner and law professor Joshua Wright on Friday slammed two former students' request to exclude evidence of damages at an upcoming trial in a $108 million lawsuit in which he accused them of defamation, saying the request is "self-servingly twisted to present a false reality."

Response attached | Read full article » | Save to favorites »

Judge Denies Trump's Request To Delay Jan. 10 Sentencing

By Frank G. Runyeon

A New York state judge on Monday denied Donald Trump's request to suspend his Jan. 10 sentencing in his hush money case as the president-elect simultaneously appealed the court's refusal to throw out the charges based on presidential immunity.

1 document attached | Read full article » | Save to favorites »

Edelson Must Share Info In Tort Case, Colo. Judge Says

By Tom Lotshaw

A Colorado state judge has ordered Edelson PC to provide information about advertising in a toxic tort case over ethylene oxide emissions from a medical sterilization facility in Lakewood, with a bellwether trial set for this month.

7 documents attached | Read full article » | Save to favorites »

Withers Brings On 8-Atty Trusts And Estates Boutique In LA

By Emily Johnson

International law firm Withers has expanded its Los Angeles office by absorbing the eight-attorney boutique Hoffman Sabban & Watenmaker, Withers announced Monday.

Read full article » | Save to favorites »

Girard Sharp Launches Into New Year With New Leadership

By Bonnie Eslinger

San Francisco-based Girard Sharp has kicked off the new year with a major leadership change, announcing Monday that Daniel C. Girard had stepped down as managing partner of the prominent plaintiffs complex litigation boutique he founded in 1995 and that longtime partner Dena C. Sharp was taking the reins.

Read full article » | Save to favorites »

McDermott Adds Former DHS Deputy General Counsel In DC

By Jack Rodgers

McDermott Will & Emery LLP has hired a former deputy general counsel from the Biden administration's Homeland Security Department, who joined as a partner after working as an associate with Covington & Burling LLP, the firm announced Monday.

Read full article » | Save to favorites »

Sheppard Mullin Hires University Of Calif. Health Counsel

By Rose Krebs

Sheppard Mullin Richter & Hampton LLP announced Monday that it has hired two attorneys who previously served in-house at the University of California to bolster its healthcare industry practice group.

Read full article » | Save to favorites »

CUNY Law Dean To Run Law School Admission Council

By Anna Sanders

Sudha Setty, a longtime educator and dean of the law school at City University of New York, will serve as the next president and chief executive officer of the Law School Admission Council.

Read full article » | Save to favorites »

Talk Show Host Says OpenAI Can't Duck Ga. Defamation Suit

By Madison Arnold

A conservative talk radio show host pushed back Monday against OpenAI's quest to secure summary judgment in his defamation lawsuit, calling the company "the high-tech equivalent of the neighborhood gossip."

Brief attached | Read full article » | Save to favorites »

New Joint Bar Task Force To Tackle Indigent Defense In NYC

By Andrea Keckley

The New York City Bar Association announced Monday that it has teamed up with the city's county bar associations to form a task force assessing the NYC Assigned Counsel Plan, which assigns lawyers to indigent people in criminal and family courts who can't be served by institutional legal service providers.

Read full article » | Save to favorites »

Texas Justice Jimmy Blacklock Named High Court Chief

By Lynn LaRowe

Texas Supreme Court Justice Jimmy Blacklock is being promoted to chief justice and Gov. Greg Abbott's general counsel has been tapped to fill the seat Justice Blacklock is vacating, the governor's office announced Monday.

Read full article » | Save to favorites »

National Court Reporters Association Hit With Antitrust Suit

By Jack Karp

The National Court Reporters Association exploits its monopoly in the stenographic certification market to charge its members inflated and unnecessary membership dues and keep potential competitors out of the market, according to a new antitrust lawsuit in New Jersey federal court.

Complaint attached | Read full article » | Save to favorites »