Latest Legal News: Finextra Research

Company update/Legal

Dentons launches online MiFID II / MiFIR compliance tool

Global law firm Dentons announced today the launch of a new online regulatory project management tool to assist clients in complying with MiFID II / MiFIR.

08 March 2017

News/Legal

Court upholds order telling ICE to sell Trayport

The UK's Competition Appeal Tribunal (CAT) has upheld a ruling that Intercontinental Exchange must sell Trayport, the energy trading technology shop it acquired for $650 million in December 2015.

06 March 2017

Company update/Legal

Mastercard and ACI Worldwide settle legal dispute

ACI Worldwide (ACIW), a leading global provider of real-time electronic payment and banking solutions, has reached an agreement with MasterCard Technologies, LLC, and MasterCard International Incorporated, in which MasterCard has purchased from ACI and ACI has granted to MasterCard a perpetual license relating to components of NET24-XPNET™ middleware on the MasterCard debit switch.

02 March 2017

Company update/Legal

Retailers urge Supreme Court to strike out interchange fee settlement

The National Retail Federation and the Retail Industry Leaders Association today asked the U.S. Supreme Court to let stand an appeals court ruling that struck down a controversial 2012 settlement of a class action lawsuit over Visa and MasterCard’s credit card swipe fees.

22 February 2017

Company update/Legal

UK law firm Browne Jacobson launches legal support service for early-stage startups

National commercial law firm Browne Jacobson is to launch a legal support service aimed both at supporting startups with high-growth potential and developing its junior lawyers into future partners.

21 February 2017

Company update/Legal

Plaid settles patent suit filed by Envestnet/Yodlee

Envestnet | Yodlee (NYSE: ENV) and Plaid Technologies, Inc. ("Plaid") are pleased to announce today that they have resolved the patent case brought by Envestnet | Yodlee in the United States District Court for the District of Delaware, the counterclaims brought by Plaid in the District Court, and the inter partes and Covered Business Method review petitions brought by Plaid before the Patent Office.

03 February 2017

Company update/Legal

DTCC names Ann Shuman general counsel

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced that Ann Shuman, DTCC Managing Director and Deputy General Counsel, has been appointed General Counsel, effective February 1, 2017.

02 February 2017

News/Legal

Former Fed staffer fined for using server to mine bitcoin

A former Federal Reserve employee has been sentenced to 12 months' probation and fined $5000 for installing software on a Fed server to use its computing power to earn bitcoins.

01 February 2017

Company update/Legal

Mastercard welcomes UK court ruling on interchange fees

Mastercard statement on favorable judgment of Popplewell J. of the UK Commercial Court regarding UK retailer action on Interchange Fees.

30 January 2017

News/Legal

New Jersey man jailed over $200m credit card scam

A New Jersey man has been sentenced to nearly four years in prison for his role in a $200 million scam that saw crooks fabricate thousands of false identities to obtain credit cards.

27 January 2017

Company update/Legal

EU Parliament suggests robots be classified as 'electronic persons' for liability issues

EU rules for the fast-evolving field of robotics, to settle issues such as compliance with ethical standards and liability for accidents involving driverless cars, should be put forward by the EU Commission, urged the Legal Affairs Committee on Thursday.

13 January 2017

Company update/Legal

Financial Recovery appoints Nasdaq, Thomson Reuters vet Cotter as chief revenue officer

Financial Recovery Technologies ("FRT"), a leading securities class action recovery services provider, has appointed Michael Cotter as its first Chief Revenue Officer.

11 January 2017

News/Legal

P2P lender gets £40m boost from UK government

UK startup Funding Circle has received £40m from the state-owned British Business Bank (BBB)on the condition that the funds be used to lend to small businesses, according to a report from news website Business Insider.

05 January 2017

News/Legal

FxPro shelves IPO amid FCA crackdown

Currency trading firm FxPro has abandoned plans for a London stock market flotation as a result of the UK regulator's plan to crackdown on the growing financial spread betting market, according to Sky News

04 January 2017

News/Legal

Indonesia issues new rules for fintechs

The Indonesian Financial Services Authority (OJK)has introduced new regulations for fintech firms running a peer to peer lending business, according to a report in the Jakarta Post.

04 January 2017

News/Legal

Watchdog questions Mastercard takeover of VocaLink

MasterCard's £700m acquisition of UK-based payment provider VocaLink has hit a snag after the Competition and Markets Authority (CMA) voiced concerns over the deal.

04 January 2017

Company update/Legal

Cyber-criminal gets five years for £840K phishing fraud

A 29-year-old cyber criminal has been jailed following an investigation by the Metropolitan Police’s Falcon Cyber Crime Unit.

21 December 2016

News/Legal

CommBank IT man jailed over bribery charges

A former CommBank IT executive who pleaded guilty to taking bribes in a cash for contracts scandal has received a three-and-a-half year jail sentence from Australian courts.

20 December 2016

News/Legal

Guilty trader 'refuses' to turn over stolen software

An ex Goldman Sachs trader who stole software from his employer has disobeyed a judge's order to turn over the stolen intellectual property so that he can profit from it upon his release, a London court heard

16 December 2016

News/Legal

Banks should be liable for scam victims' losses says consumer group

Consumer group Which? has accused the UK's Payment System Regulator (PSR) of letting banks off the hook by not forcing them to reimburse customers who fall victim to online money transfer scams.

16 December 2016