In the United States, LIBOR cases are going through endless "Twiqbal" motions. In the UK, on the other hand, LIBOR cases are being set for trial. And, over there, some are attacking the defenses of the banks (e.g. everybody knew LIBOR was rigged) by pointing to bank CEO’s denying knowledge of the rigging. That point-counterpoint highlights

The litigation industry’s newest player is now  in the game. Capital One has just accepted an order from the The Consumer Financial Protection Bureau to pay $ 210 million in fines and refunds for fraudulent practices in connection with its credit card business. The violations center around fraudulent practices in connection with sales of useless "insurance" for

Remember when a tobacco company (Liggett) sought to avoid prosecution by turning over its knowledge of wrongful acts by big tobacco?  Last year, Schwab sued 11 major banks claiming LIBORrates were fraudulently manipulated fraud.  Now, Bloomberg has run  a February 15 story regarding Canadian officials looking at LIBOR fraud charges against uber banks, aided

 With today being a holiday in the US for Dr. King’s birthday, I decided to take a holiday on the usual torts in favor of a little excursis on bankers, litigation and “litigation reform.” The main point? Recent events exemplify why some but not all of the “litigation crises” in the financial sector may be

Barlow Lyde & Gilbert issued this October 7 paper on the “illegality” and “in pari delicto” defenses that auditors and bankers are using to defend themselves against suits by corporate entities that lost monies because of frauds that included the involvement of some personnel of the corporate entities. The paper briefly covers the recent