On October 23, JP Morgan agreed to pay an undisclosed sum to settle cases brought by three German banks in the Supreme Court of the State of New York.

On remand following a Second Circuit decision vacating his June 2011 rejection of a settlement between Citigroup and the SEC, Judge Jed Rakoff of the Southern District of New York approved the settlement, finding that it met the requirements articulated by the Second Circuit.

Massachusetts Mutual Life Insurance Co. and RBS jointly moved to dismiss MassMutual's $235 million RMBS claim, stating that the parties had reached a confidential settlement agreement.

On December 10, 2015, the National Credit Union Administration ("NCUA") announced Morgan Stanley's agreement to pay $225 million to settle litigation brought in New York and Kansas federal courts...

Justice Marcy Friedman of the New York Supreme Court for New York County, in accordance with other recent decisions dismissed an action against UBS Real Estate Securities, Inc.

The OCC announced that it will expand the organization, functions and responsibilities of its large bank lead expert program to improve horizontal perspective and analysis.

In a recent Bloomberg BNA article, Nikiforos Mathews gave his take on J. Christopher Giancarlo's, the acting chairman of the CFTC, position on helping incubate financial technology...

On September 17, the European Securities and Markets Authority published responses to its July 2013 consultation paper on draft regulatory technical standards on contracts having a direct, substantial and foreseeable effect within the EU and on the non-evasion of provisions of EMIR.

On June 16, 2016, Justice Marcy S. Friedman of the Supreme Court of the State of New York largely denied Morgan Stanley's motion to dismiss a breach of contract action brought by RMBS trustee Wilmington Trust Company.

In a text-only Order, Judge Nathan wrote that Royal Park failed to carry its burden to show that the proposed class is sufficiently ascertainable.

On May 28, Stanley Fischer took the oath of office as a member of the Board of Governors.

An Orrick lawyer co-authored a white paper titled "Proxy Generation PPAs: The Next Evolution of PPA for the Corporate & Industrial Buyer," discussing new contractual architecture for power purchase agreements ...

On December 22 and 23, U.S. Bank National Association, as trustee for three RMBS trusts, filed three separate summonses with notice in the Supreme Court of the State of New York.

The SEC announced that issuers and underwriters of municipal securities may voluntarily report materially inaccurate statements made in offering documents.

Despite improved European growth and stronger U.S. economic data, falling commodity prices (particularly oil) and the higher number of high yield bonds trading at distressed levels suggest another year of volatility is in store.

The U.S. Supreme Court has decided to take up the issue of whether inter partes reviews and certain other America Invents Act proceedings are unconstitutional...

This issue contains our summaries of 25 new US federal court decisions, in areas of the law including the Foreign Sovereign Immunities Act, Arbitration, Securities Law, White Collar Criminal Law, and Personal Jurisdiction.

Vendor impersonation is one of the typical varieties of "Business E-mail Compromise" (BEC) scams.

Orrick Chairman Mitch Zuklie spoke with The American Lawyer's Dan Packel for their September issue, which celebrates the publication's 40th anniversary

Paris senior counsel Noël Chahid-Nouraï and partner Laurent Olléon, formerly members of the tax chambers of Conseil d'État, France's highest administrative court ...