A ruling from the California Supreme Court could enable lawsuits from thousands of people who may have been wrongfully foreclosed, the Los Angeles Times reported today.
The court…
Mar 2, 2016 5:37 PM CST
For many people, their introduction to the digital currency bitcoin came when federal agents shut down online black market Silk Road. The notorious website where users could indulge in all…
Mar 1, 2016 2:00 AM CST
Illustration by J. Manzo
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On the morning of March 14, 1984, a team of federal regulators arrived at an inconspicuous strip mall in the eastern Dallas suburb of Mesquite to seize control of what…
Mar 1, 2016 12:30 AM CST
Chairman Spencer Blain at a congressional hearing on the failure of Empire Savings and Loan. DMN File Photo.
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It may not be hackers that pose the biggest threat to bank customers’ funds and personal information.
Bank tellers have access to a great deal of information about customers, as…
Feb 3, 2016 11:10 AM CST
In 2005, when the impending financial crisis was obvious to some and under the radar to many, Bill Black published a book laying out his theory of control fraud, his criminological term for looting a corporation from the inside. Read this ABA Journal feature recently honored by the American Society of Business Publication Editors.
Feb 1, 2016 4:10 AM CST
Bill Black. Photograph by Wayne Slezak.
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Dewey & LeBoeuf’s former chairman Steven Davis hasn’t seen an end to his legal troubles.
In a suit filed this week, Citibank says Davis is responsible for repayment of a…
Jan 15, 2016 8:10 AM CST
One of Wall Street’s best-known financial institutions has agreed to pay more than $5 billion to settle claims that it sold toxic bonds based on residential mortgages between 2005 and…
Jan 14, 2016 5:00 PM CST
The U.S. Supreme Court considered on Wednesday whether Congress violated the separation of powers when it passed a law allowing victims of Iran-sponsored terrorism to seize nearly $2 billion…
Jan 14, 2016 11:19 AM CST
The Boston office of Sidley Austin has barely grown in the last few years.
It now has an attorney roster of 13, most of whom specialize in advising the financial…
Jan 12, 2016 2:45 PM CST
A Southeast regional firm announced Monday that it has opened a Jacksonville, Florida, office with three partners and anticipates more growth in the state.
Joining the nearly 300-attorney Burr…
Jan 11, 2016 12:25 PM CST
A credit union formed to serve Colorado’s legal marijuana industry has lost its bid for approval by the U.S. Federal Reserve Bank, the Associated Press reported Wednesday.
Fourth…
Jan 6, 2016 4:30 PM CST
ABA file photo of lawyer Mark Mason courtesy of Jackie Collins
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Debt collectors who buy up debt and sue to recover the money are deflecting class action suits challenging their practices with arbitration agreements purportedly signed by the debtors with their…
Dec 23, 2015 6:15 AM CST
Wells Fargo customers who tried to sue over fake accounts set up in their names have learned they can’t take their cases to the courthouse.
Federal and state judges in…
Dec 7, 2015 8:56 AM CST
A judge on the High Court of Justice of England and Wales today approved the United Kingdom’s first deferred prosecution agreement, under which the ICBC Standard Bank will avoid criminal…
Nov 30, 2015 12:05 PM CST
A litigation finance company has lost its bid to persuade the Colorado Supreme Court that providing interim funding to allow a tort lawsuit to proceed is more like making an…
Nov 17, 2015 4:50 PM CST