A California lawyer has agreed to a plea deal to resolve charges that she gambled away and spent more than $8.7 million in investor money that was supposed to fund loans to celebrities, professional athletes and other wealthy people.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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