Latest Legal News: Finextra Research

PrivatBank accuses former owners of "fraud on an epic scale"

Ukraine's Privatbank has accused its former owners of "fraud on an epic scale" at the opening of a London trial over the alleged siphoning of nearly $2 billion in bogus loans linked to ficticious commodity trades.

13 June 2023

Company update/payments

Currency One appeals judgement in Cinkciarz AdWords case

The court case pending since October 2013 in relation to allegations against Currency One SA brought by Cinkciarz.pl has ended with a non-final judgment given by the District Court in Poznań.

31 May 2023

Company update/retail

Cinkciarz wins judgement in Google Ads case

A Polish court has ordered the owner of the Internetowykantor.pl and Walutomat websites (offering online currency exchange services) to apologize and pay compensation to Cinkciarz.pl (a company from Conotoxia Holding) and to donate an additional amount to charity.

30 May 2023

News/security

Spoofing site fraudster gets 13-year prison sentence

The man behind an international one stop spoofing shop, which enabled criminals to appear as if they were calling from banks, tax offices and other official bodies, has been sentenced to 13 years in prison.

22 May 2023

News/retail

JPMorgan ordered to pay Frank founder's legal fees

JPMorgan Chase has been ordered by a judge to pay Frank founder Charlie Javice’s defence costs in the bank's suit accusing her of defrauding it in its $175 million acquisition of her college financial planning site.

08 May 2023

News/regulation

Coinbase sues SEC to force response to rulemaking petition

Coinbase has filed a suit against the Securities and Exchange Commission, asking a court to make the regulator respond to a petition from last year on the "rules to govern the regulation" of digital assets.

25 April 2023

News/crypto

Gemini and Arrington join auction for failed crypto lender Celsius

The Winklevoss twins and TechCrunch founder Michael Arrington are among the names involved in a three-way auction for bankrupt crypto lending platform Celsius Network.

24 April 2023

Company update/markets

Financial Recovery Technologies selected by BNY Mellon's asset servicing business

Financial Recovery Technologies (FRT), the leading global securities class actions recovery provider, today announced it will power the North American class action filing and recovery service for BNY Mellon's custody clients, including broader access to comprehensive non-U.S. alerts for global markets.

24 April 2023

Company update/regulation

Single Rulebook and Linklaters join forces to launch Law Compare

Single Rulebook, a leading integrated software platform for the management of regulatory rules, and Linklaters, a global law firm focused on bringing legal certainty in a changing world, today announced the launch of Law Compare.

24 April 2023

News/crime

Bank fraudster jailed

An online fraudster who conned hundreds of thousands of pounds out of UK banking customers has been jailed for more than three years.

14 April 2023

Research/Legal

The Future of Fintech in the UK 2023

13 April 2023 688 downloads

News/payments

Judge upholds $5.6bn interchange settlement

A US federal appeals court has upheld a $5.6 billion antitrust class-action settlement between 12 million retailers and Visa and Mastercard over interchange fees.

17 March 2023

News/regulation

First lawsuits roll in for SVB bosses

The first law suits have started arriving for Silicon Valley Bank and its top executives as the collapse of the high-tech lender continues to roil global markets.

14 March 2023

Company update/crypto

New York sues KuCoin

New York Attorney General Letitia James today continued her efforts to crack down on unregistered cryptocurrency platforms by filing a lawsuit against KuCoin for failing to register as a securities and commodities broker-dealer and falsely representing itself as an exchange.

10 March 2023

Company update/startups

Hinkus and Blomfield invest in Robin AI

Robin AI, the generative AI startup, has raised $10.5m led by Plural, with participation from Episode 1.

27 February 2023

News/people

Bankman-Fried faces new criminal charges

Sam Bankman-Fried has been hit with four new criminal charges accusing the FTX cryptocurrency exchange founder of conspiring to commit bank fraud and to make unlawful political contributions.

23 February 2023

News/crypto

Crypto trade group criticises SEC insider trading case

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

23 February 2023

News/payments

Mastercard and Visa to face another card interchange class action suit

Mastercard and Visa are set to face another multibillion-pound UK lawsuit over Multilateral Interchange Fees (MIFs), according to Sky News.

22 February 2023

News/markets

US jury convicts Russian in $90m hack-to-trade conspiracy

A Russian businessman has been convicted in the US for his part in a scheme that netted $90 million through securities trades based on non-public information stolen from computer networks.

17 February 2023

News/markets

UK provides legal clarity on issuance of digital securities via blockchain

LawtechUK, a government-backed and industry-led group tasked with promoting the use of English law and the UK’s jurisdictions in the context of novel technologies, has determined that the UK legal framework is fit for purpose in relation to the issue of digital securities.

16 February 2023