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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.

/Legal

Patent abuse claims against FactSet and Revere to go to jury trial

A San Francisco state court has ruled that fraud and breach of contract claims brought by plaintiff Ashbury Heights Capital against FactSet Research Systems (NYSE:FDS), Revere Data and its founder Doug Engmann are sufficiently supported by evidence and may proceed to trial.

/Legal

Accord Project to support R3's Corda

The Accord Project, the legal industry body for smart legal contracts, and enterprise software provider R3 today announced a technology partnership to develop support for Corda, R3’s blockchain platform, in the open source legal layer incubated by the Accord Project.

/Legal

Mastercard and Cinkciarz trademark dispute grinds on

Cinkciarz.pl wins against MasterCard. The company refuted MasterCard's objections against the registration of the Cinkciarz.pl company trademarks. In Europe alone Cinkciarz.pl has won every one of the 12 proceedings in which a decision has been made.

/Legal

Barclays and the Law Society launch 'law-tech' incubator

Barclays today launched a new law-tech incubator in partnership with the Law Society.

/Legal

FRT class action recovery tech to be made available on Eagle platform

Financial Recovery Technologies (“FRT”) and Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, have established a strategic alliance to offer Eagle clients FRT’s industry-leading securities class action recovery services.

/Legal

Law firm Nixon Peabody joins Wall Street Blockchain Alliance

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 around the world, is proud to announce that the global law firm of Nixon Peabody LLP has joined the organization as a corporate member.

/Legal

Cinkciarz wins trademark appeal in EU Court of Justice

In 2015, the EUIPO (European Union Intellectual Property Office) made the decision to refuse to register Cinkciarz’s logo as an EU trademark. The company has its day in court as the EGC (European General Court) reverses the prior ruling.

/Legal

Addleshaw Goddards unveils six finalists for Elevate fintech programme

Addleshaw Goddard has today announced the six FinTechs who have been selected for its 2018 'AG Elevate' programme.

/Legal

Thomson Reuters collaborate with eBrevia for AI-driven contract remediation

Thomson Reuters has teamed up with eBrevia, a leading machine-learning contract analytics platform, to help enterprises tackle large and complex contract remediation projects involving commercial contracts.

/Legal

CBA fights back against fresh Austrac allegations

Commonwealth Bank of Australia (ASX: CBA) today lodged with the Federal Court of Australia its response to the amended statement of claim filed by AUSTRAC on 14 December 2017 and its defence to the shareholder class action commenced by Zonia Holdings Pty Ltd on 9 October 2017.

/Legal

Waves sets up self-regulatory body to set ICO standards

Waves Platform is creating a self-regulatory body that will provide reporting, legal, tax & accounting, KYC and business due diligence standards for ICOs and blockchain industry.

/Legal

Slaughter and May adds startups to Fintech Fast Forward programme

Slaughter and May, the leading international law firm, today announces that 11 tech businesses in total have now joined its Fintech Fast Forward programme.

/Legal

Appeal and judicial review applications filed in £14bn Mastercard consumer claim

Lawyers for Walter Merricks CBE have filed applications with both the Court of Appeal and the Administrative Court of the High Court, the latter by way of judicial review, for permission to appeal the Competition Appeal Tribunal’s (CAT) decision to refuse to allow the proposed £14bn collective action on behalf of 46 million consumers seeking damages from Mastercard due its illegal card fees to proceed.

/Legal

Law firm Addleshaw Goddard opens applications for second fintech programme

Following the resounding success of 'AG Elevate', originally launched in November 2016, Addleshaw Goddard has today announced its 2018 programme to support FinTech growth with an expanded program for participants.

/Legal

RegTech startup Apiax secures $1.5 million in seed funding

Apiax, a RegTech startup transforming complex regulations into easy-to-use digital compliance rules, today announced its Seed Round raise of more than $1.5 Million.

/Legal

Simmons and Simmons wins Fintech Hive legal gig

International law firm Simmons & Simmons will be a legal partner to FinTech Hive at Dubai International Financial Centre Authority (DIFC), the first-of-its-kind accelerator in the Middle East, Africa and South Asia (MEASA) region.

/Legal

ITC upholds Diebold claims against Hyosung

Diebold Nixdorf, Incorporated (NYSE: DBD) today announced that the International Trade Commission (ITC) has upheld a preliminary ruling on a patent infringement claim by Nautilus Hyosung related to automated teller machines (ATMs).

/Legal

Westpac opens $40,000 innovation challenge for professional services sector

Those with a bold vision or bright idea for the future of the professional services sector are invited to enter the prestigious annual Westpac Innovation Challenge, for the chance to win AU$40,000 and professional support to take their idea to the next level.

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