Banking Law

1239 ABA Journal Banking Law articles.

One word in a purchase agreement leads to $310M malpractice suit against 2 BigLaw firms

A former corporate client suing two large law firms for $310 million contends that a plural word in a purchase agreement wrongly suggested that it was responsible for an accelerated payout in the event of a second purchaser’s bankruptcy.

Oct 18, 2021 1:32 PM CDT

Thomas, liberal justices dissent in SCOTUS standing decision: ‘Pithy catchphrase’ limits Congress’ power

In a 5-4 decision on constitutional standing, the U.S. Supreme Court on Friday limited which consumers can sue over erroneous TransUnion credit reports that flagged them as potential terrorists, drug traffickers and other serious criminals.

Jun 25, 2021 12:10 PM CDT

Manage your bankruptcy law practice with this software

Case management software for bankruptcy lawyers has been a burgeoning legal software category for a number of years, and there are now a few products available that cater to this practice area, writes lawyer Nicole Black of MyCase.

Apr 27, 2021 9:01 AM CDT

Afternoon Briefs: NRA files for bankruptcy; Boies Schiller partner is arrested

NRA files for bankruptcy, plans Texas move

The National Rifle Association announced Friday that it is filing for bankruptcy, leaving New York and moving to Texas to reincorporate there as…

Jan 19, 2021 4:44 PM CST

Supreme Court will consider Goldman Sachs case that could limit shareholder suits

The U.S. Supreme Court on Friday accepted a case that could limit securities class actions against companies that make generic statements about integrity before a drop in stock prices.

Dec 14, 2020 3:46 PM CST

Afternoon Briefs: Top state court rejects election appeal; judge allows lawyer’s bias suit against bank

Wisconsin turns down direct appeal in election lawsuit

The Wisconsin Supreme Court ruled Thursday that the Trump campaign could not challenge election results in that court without first taking the…

Dec 4, 2020 4:23 PM CST

Afternoon Briefs: Another Trump campaign loss in court; donor sues to get back $2.5M

Top Pennsylvania court tosses challenge to mail-in ballot law

Republican plaintiffs waited too long to file a lawsuit challenging a 2019 Pennsylvania law that allowed no-excuse mail-in voting, the Pennsylvania…

Nov 30, 2020 4:17 PM CST

Former Goldman Sachs lawyer says she was fired after trying to speak up about sexual misconduct

A former associate general counsel at Goldman Sachs has filed a lawsuit alleging that she was fired after trying to speak up about sexual misconduct by a company lawyer and then complaining when he retaliated against her.

Oct 29, 2020 11:33 AM CDT

Wells Fargo alleges ‘gamesmanship’ by lawyer who sued after manager reportedly called him N-word

A lawyer who sued Wells Fargo after a branch manager allegedly called him the N-word is engaging in “obvious gamesmanship” by trying to characterize an isolated incident as racial discrimination by the corporate entity, according to a Wells Fargo court filing.

Sep 24, 2020 12:41 PM CDT

Afternoon Briefs: Prosecutor who filed OSHA complaint dies from COVID-19; Wells Fargo faces new class action

Prosecutor who filed OSHA complaint dies from COVID-19

A prosecutor in Pennsylvania who filed a complaint with the Occupational Safety and Health Administration after becoming ill with COVID-19 has…

Aug 12, 2020 4:30 PM CDT

Afternoon Briefs: Progressive groups mull judicial possibilities; 2 law deans each donate $125K to help law students

Progressive groups mull judicial recommendations

Progressive groups are considering lawyers they would like to see named to the federal bench if presumptive 2020 Democratic nominee and former Vice President Joe…

Aug 11, 2020 4:56 PM CDT

In expansion push, Dentons announces combination with law firm of nearly 100 lawyers

In its push to become the first truly national U.S. law firm, 10,000-plus lawyer firm Dentons has announced that it is combining with Utah firm Durham Jones & Pinegar.

Aug 11, 2020 10:26 AM CDT

Afternoon Briefs: BigLaw firm eases pay cuts; virtual law firm expands into US

Katten Muchin partly restores pay

Katten Muchin Rosenman has trimmed pay cuts announced in April. The firm had cut pay by up to 20% for lawyers and business professionals…

Aug 6, 2020 4:56 PM CDT

Lawyer suspended after paying clients from own funds for phony case outcomes

A lawyer has been suspended after falsely telling four clients that he had resolved their cases and then paying them amounts ranging from $10,000 to $424,000 from his personal funds.

Aug 5, 2020 8:30 AM CDT

Afternoon Briefs: District attorney hints of broader Trump probe; ex-ABA president is new dean

DA may be investigating Trump for possible bank fraud

A legal filing suggests that President Donald Trump and his company could be under investigation for possible bank and insurance fraud.…

Aug 3, 2020 3:49 PM CDT

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