Legal

165 articles tagged with this keyword

/Legal

Exegy files patent infringement lawsuit against Activ Financial

Exegy Inc., the leading provider of managed services and low-latency technology for market data normalization and distribution, today announced that it has filed a patent infringement lawsuit in the United States District Court for the Northern District of Illinois against ACTIV Financial Systems Inc. (ACTIV), a global distributor of financial market data.

/retail

Law firm Reed Smith hires fintech expert Christine Trent Parker

Christine Trent Parker has joined Reed Smith as a partner resident in the firm’s New York office. Parker joins from Sullivan & Cromwell, where she was a member of its Commodities, Futures and Derivatives, and Capital Markets groups.

/Legal

Patrick Buhannic withdraw from legal spat with tradingScreen

TradingScreen Inc. (TS), the global, multi-asset class order and execution management system (OEMS), today announced that Patrick Buhannic has voluntarily agreed to be dismissed with prejudice from all the lawsuits brought by his brother Philippe Buhannic against TradingScreen and other defendants in New York State Court and U.S. District Court for the Southern District of New York.

/Legal

EquiLend gets MTF approval in ireland

The Central Bank of Ireland has approved EquiLend Limited, the Dublin-based business of global securities finance technology provider EquiLend, to operate a multilateral trading facility (MTF) in Ireland.

/Legal

Singapore and Australia fintech associations sign MoU

Singapore FinTech Association (SFA) and FinTech Australia (FA) today signed a Memorandum of Understanding (MoU) to further strengthen opportunities for FinTech firms across both countries.

/startups

Legal firm invites applications for fintech growth programme

A fast-track 10-month programme providing legal advice and mentoring to ambitious FinTech start-ups is now open for applications.

/Legal

Class action suit nets US merchants $6.24 billion rebate on Visa/Mastercard fees

This notice is authorized by the U.S. District Court for the Eastern District of New York to inform merchants about an agreement to settle a class action lawsuit that may affect them.

/regulation

State regulators go back to court over OCC's fintech charter plans

The Conference of State Bank Supervisors (CSBS) today filed a complaint in the U.S. District Court for the District of Columbia against the Office of the Comptroller of the Currency (OCC).

/Legal

TLT names new head of financial services practice

Andrew Lyon has been announced as the new head of financial services at UK law firm TLT.

/Legal

Wall Street Blockchain Alliance joins Accord Project

The Wall Street Blockchain Alliance (WSBA), an industry-leading non-profit trade association with a mission to guide and promote comprehensive adoption of blockchain technology and cryptoassets across global markets, is pleased to announce that it has joined the Accord Project.

/startups

Simmons & Simmons announces four winners of 2018 FinTech Fund

On 27 September 2018, at an official launch event in London, leading international law firm Simmons & Simmons announced the businesses that will make up the third cohort to receive support from the firm’s FinTech Fund.

/Legal

Legal problems holding back blockchain-based trade finance: research

R3, Shearman & Sterling, and BAFT (Bankers Association for Finance and Trade), have released a technical paper, ‘Code Is Not Law: The Legal Background for Trade Finance Using Blockchain’, which examines the paths to securing legal recognition for “electronic negotiable instruments.”

/Legal

Fintech lobby group opens North American division

The Financial Data and Technology Association (FDATA), which played a pivotal role over the last five years in crafting the design and implementation of open banking standards in the United Kingdom and in Europe, announced today the launch of a North American arm, FDATA North America.

/Legal

Crypto exchange IronX awarded licence in Estonia

IronX, the new Crypto Exchange joint venture between leading global online broker IronFX Group and EmurgoHK, creator of the Cardano Blockchain, today announces it has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).

/Legal

Mastercard settles US merchant class-action suit

Mastercard has reached an agreement to settle monetary damages claims in the U.S. merchant class-action litigation

/Legal

Adaptive appoints new non-exec directors

Adaptive, a software consultancy specialising in real-time trading systems, has selected senior investment banking and legal non-exec directors to sit on its board.

/Legal

CFTC wins cryptocurrency court case

A New York federal court entered final judgment ordering Patrick K. McDonnell of Staten Island, New York, and CabbageTech, Corp. d/b/a Coin Drop Markets (CDM), McDonnell’s New York-based company, to pay over $1.1 million in civil monetary penalties and restitution in connection with a lawsuit brought by the Commodity Futures Trading Commission (CFTC) alleging fraud in connection with virtual currencies, including Bitcoin and Litecoin.

/Legal

Diebold Nixdorf prevails in patent dispute

Diebold Nixdorf (NYSE: DBD) announced today that the U.S. Court of Appeals for the Federal Circuit reversed the decision issued by the International Trade Commission (ITC) against the company in a patent dispute against Nautilus Hyosung.

/Legal

Former State Street EVP convicted over scheme to defraud insitutional investors

A former executive vice president of State Street Bank & Trust was convicted today by a federal jury in Boston in connection with engaging in a scheme to defraud at least six of the bank’s clients through secret commissions applied to billions of dollars of securities trades.

/Legal

Lemonade files suit against One Insurance

Lemonade today filed suit against ONE Insurance, its parent, wefox Group, and founder, Julian Teicke. Any proceeds will go to Code.org.