Latest Legal News: Finextra Research

Company update/Legal

Diebold Nixdorf to contest shareholder class action lawsuit

Diebold Nixdorf (NYSE: DBD) understands that a plaintiffs' law firm has filed a putative federal securities class action complaint against the company and two former officers relating to the company's pre-earnings announcement dated July 5, 2017.

03 July 2019

News/Legal

Former Equifax CIO jailed for insider trading

A former Equifax CIO who sold stock in the company weeks before a massive data breach was made public has been sentenced to four months in prison for insider trading.

02 July 2019

Company update/Legal

Chainalysis names Michael Mosier chief technical counsel

Chainalysis, the blockchain analysis company, has appointed Michael Mosier as Chief Technical Counsel.

26 June 2019

Company update/Legal

Innsworth signs agreement to fund £14bn Mastercard consumer claim

Innsworth Litigation Funding confirms that it has agreed to fully fund the £14bn Mastercard consumer claim.

24 June 2019

Company update/retail

US seeks extradition of alleged cryptocurrency fraudster

In a criminal complaint unsealed today, a citizen of Sweden and his company were charged with securities fraud, wire fraud and money laundering in a scheme to defraud potential investors.

20 June 2019

News/Legal

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

News/Legal

UK fintech salaries on the rise - report

Jobs in the UK's fintech sector have grown by 61% in the last year while demand for skilled workers has seen salaries rise by as much as 25% according to a recently published report.

18 June 2019

News/Legal

India to review payments data storage rule

The Indian central bank has been persuaded to reconsider a controversial law that mandates payments data should not be allowed to leave India's borders.

18 June 2019

News/Legal

Facebook reveals digital wallet plan

Social media platform Facebook has unveiled further details of its much-anticipated digital currency offering, which it hopes will transform financial services.

18 June 2019

Company update/Legal

Polymath and Blockpass team upfor ID verification

Leading security token platform Polymath has today announced a strategic collaboration with digital identity verification solution Blockpass.

17 June 2019

Company update/Legal

NatWest to offer first SONIA loans

NatWest is to become the first bank in the UK to respond to calls from the Financial Conduct Authority (FCA) to accelerate the transition away from loan products that use LIBOR (London Interbank Offered Rate) towards Risk-Free Rates (RFRs) by the end of 2021.

17 June 2019

Company update/startups

Law firm Addleshaw Goddard adds fintechs to growth programme

Nine innovative fintech businesses have been awarded a position on Addleshaw Goddard’s prestigious growth programme – AG Elevate.

10 June 2019

News/Legal

S Korea bemoans slow pace of its fintech market

An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator

07 June 2019

Company update/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.

01 June 2019

Company update/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.

28 May 2019

News/Legal

Qudos Bank readies for legal battle with Infosys

Australian Mutual Qudos Bank is preparing to engage in a full-blooded legal battle with Infosys, accusing the Indian software house of copyright infringement, breach of contract and misuse of confidential information.

28 May 2019

News/Legal

GozNym malware cybergang taken down

An international criminal network that used malware to try to steal $100 million from more than 41,000 victims, has been dismantled after a law enforcement operation spanning several countries.

17 May 2019

Company update/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.

16 May 2019

News/retail

NY prosecutors allege Bitfinex covered up $850m loss

The New York State Attorney General (NYSAG) office has accused the operator of the Bitfinex cryptocurrency trading platform and the issuer of the Tether currency of engaging in a cover-up to hide the apparent loss of $850 million in client and corporate funds.

26 April 2019

News/Legal

Court revives £14bn class action suit against Mastercard

A £14 billion class action lawsuit against Mastercard over interchange fees is back on after the Court of Appeal granted permission to challenge an earlier decision to dismiss the case.

16 April 2019