Trump inflated net worth by billions to get favorable loans, obtaining $250M in benefits, NY attorney general says

Former President Donald Trump obtained hundreds of millions of dollars in real estate loans and favorable insurance coverage based on financial statements that inflated his net worth by billions of dollars, according to a lawsuit filed Wednesday by the New York attorney general.

Sep 21, 2022 12:49 PM CDT

Litigation lenders bankrolled Tom Girardi despite his apparent ‘proclivities’ for stealing from clients, suit says

Sep 6, 2022 4:15 PM CDT

Class action suit over gender bias at Goldman Sachs slated for 2023 trial

Despite Goldman Sachs’ attempt to avoid a 12-year-old gender bias class action lawsuit, a federal judge said Monday the case will head to trial next June.

Aug 23, 2022 10:31 AM CDT

Lawyers can hold cryptocurrency in escrow for clients, with safeguards, state ethics opinion says

Lawyers may hold cryptocurrency in escrow for clients, but they must have technical competence and safeguard against losses, according to an Ohio ethics opinion.

Aug 12, 2022 9:13 AM CDT

Wells Fargo didn’t have contractual duty to catch scam check that cost law firm nearly $200K, judge rules

A scammed law firm that wired nearly $200,000 to a Nigerian bank can’t recover the money from Wells Fargo, a federal judge in Pennsylvania has ruled.

Jul 21, 2022 3:27 PM CDT

Once-prominent disbarred lawyer sues bank for allegedly failing to stop his employee’s embezzlement

A once-prominent lawyer in Washington, D.C., has sued PNC Bank for allegedly ignoring “red flags and serious irregularities” that allowed an employee to embezzle money from him.

Apr 13, 2022 2:18 PM CDT

5th Circuit tosses federal judge from sixth case after he ‘candidly revealed’ disdain for antitrust law

A federal appeals court has revived an antitrust lawsuit against Visa and removed the judge who was hearing the case after his “gratuitous comments” suggested “ingrained skepticism” about the plaintiff’s claims.

Apr 7, 2022 11:59 AM CDT

Virtual Reality: From development to investment, this cryptocurrency lawyer is all in

The metaverse may be a virtual realm, but lawyer Amy Madison Luo is doing very real work there—and achieving very real success. As a new partner at DIGITAL, a billionaire-backed venture firm, she invests in metaverse-focused blockchain companies, from applications to infrastructure. But she’s been working full time in this space since 2018, when she left BigLaw to follow her passion for a new kind of currency.

Apr 1, 2022 1:30 AM CDT

Did lawyers for Barclays cause $600M error?

Barclays, a British bank, estimates that it will suffer a loss of nearly $600 million after it issued securities that exceeded the amount registered in the United States by about $15 billion.

Mar 30, 2022 3:36 PM CDT

Judge is kicked off foreclosure case that morphed into ‘ever-escalating battle’

A Florida appeals court has kicked a judge off a foreclosure case and barred her from considering an order to show cause that alleges perjury by the Bank of New York Mellon and others associated with the case.

Dec 1, 2021 4:20 PM CST

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 detained

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 a nonprofit. New York Attorney General Letitia James has said she sees the move as an attempt to evade accountability…

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