Banking Law

1271 ABA Journal Banking Law articles.

Lawyer’s paralegal was fooled by fraudster who changed wiring instructions, suit says

A Connecticut lawyer sent part of the proceeds from a home sale to a fraudster’s bank account, rather than the bank holding the mortgage, a negligence lawsuit alleges.

Apr 27, 2023 2:14 PM CDT

What the Silicon Valley Bank failure means for our financial institutions

A partner at the Am Law 100 law firm Ballard Spahr talks to the ABA Journal about the Silicon Valley Bank failure and what it means for the larger financial sector.

Apr 12, 2023 8:36 AM CDT

Bankruptcy judge’s novels appear to be based on me, litigant says in seeking her removal

The former CEO of Highland Capital Management is seeking the recusal of a bankruptcy judge on the ground that she has written two novels that “roundly criticize” the financial industry and include an “evildoer” character who appears to be based on him.

Apr 6, 2023 3:10 PM CDT

Law firm scammed out of nearly $84K may pursue two claims against Wells Fargo, federal judge says

A law firm scammed out of nearly $84,000 in a scheme involving a fake client and a bad check can proceed with two of its four lawsuit claims against Wells Fargo, a federal judge ruled on Friday.

Apr 3, 2023 1:45 PM CDT

Former BigLaw partner accused of lying to bankruptcy court to keep pricey home, Aston Martin

A former BigLaw lawyer who previously gave up his law license has been arrested for allegedly lying to a bankruptcy court about his ability to pay creditors.

Mar 29, 2023 11:53 AM CDT

Law firms have ‘another risk to contemplate’ after failure of bank that catered to their needs

The failure of Signature Bank in New York could lead to delays in accessing capital by the many midsize law firms that used its services, despite the government’s takeover of the financial institution, according to reporting by Law.com.

Mar 15, 2023 12:03 PM CDT

LeClairRyan trustee settles with last president of law firm

LeClairRyan’s bankruptcy trustee has reached a settlement with the defunct law firm’s last president and four lawyers serving on its board in 2019.

Mar 10, 2023 10:08 AM CST

Unclaimed MoneyGram checks are subject of Jackson’s first SCOTUS opinion in argued case

Updated: U.S. Supreme Court Justice Ketanji Brown Jackson issued her first opinion in an argued case Tuesday in a dispute over the right to proceeds from unclaimed MoneyGram financial products.

Feb 28, 2023 10:36 AM CST

Supreme Court accepts challenge to funding of consumer bureau that could put 12 years of CFPB actions at risk

Feb 27, 2023 10:37 AM CST

Woman whose husband failed to disclose home defects can’t discharge buyer’s award in bankruptcy, SCOTUS rules

A debtor jointly on the hook for a court judgment stemming from her husband’s failure to disclose defects in their renovated home can’t discharge that debt in bankruptcy, the U.S. Supreme Court ruled Wednesday.

Feb 22, 2023 11:06 AM CST

Lawyer moved into Wynn Las Vegas, spent over $10M in ‘massive fraud,’ suit alleges

A lender based in the British Virgin Islands has accused a California lawyer of spending and gambling away more than $10 million that was supposed to be used by her lending company to make third-party loans.

Feb 15, 2023 8:42 AM CST

3rd Circuit tosses talc defendant’s ‘Texas two-step’ bankruptcy

A federal appeals court has dismissed a petition for Chapter 11 bankruptcy filed by a new unit of Johnson & Johnson that was formed to assume liabilities in litigation over talc contained in its baby powder.

Jan 31, 2023 10:09 AM CST

$2.1M IRS civil penalty for unreported Swiss bank account merits SCOTUS review, Gorsuch argues

Justice Neil Gorsuch argued Monday that the U.S. Supreme Court should have agreed to hear the case of a woman who argued that the Internal Revenue Service violated the excessive fines clause when it required her to pay a $2.1 million civil penalty for failing to report a Swiss bank account.

Jan 24, 2023 10:04 AM CST

Judge won’t sanction Texas lawyer for missteps after mistaken disclosure of info about Sandy Hook families

Updated: A Connecticut judge has declined to sanction a Texas lawyer representing Infowars host Alex Jones for failing to take proper action after his paralegal mistakenly released confidential documents to the opposing counsel.

Jan 19, 2023 9:41 AM CST

Bankruptcy judge suspends lawyer for ‘bizarre gamesmanship,’ urging clients to infect trustee with ‘nasty disease’

A bankruptcy judge in Colorado has suspended a Denver lawyer from practicing before the court for three years as a sanction for “egregious lawyer misconduct” that included asking his clients to infect the trustee with COVID-19 or another “nasty disease.”

Jan 12, 2023 12:38 PM CST

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