Federal Laws Also Preempt State's Swipe Fee Law on Out-of-State Banks, Judge Rules
"The statute's plain language clearly suggests that § 1831a(j)(1) is meant to ensure that out-of-state state banks can compete with nationally chartered banks. This means that because the court granted the preliminary injunction with respect to nationally chartered banks, forcing out-of-state state banks to comply with the IFPA would run afoul of § 1831a(j)(1)," said Chief U.S. District Judge Virginia M. Kendall for the Northern District of Illinois.
Investor Sues in New York to Block $175M Bitcoin Merger
“As the industry matures and more crypto mergers and acquisitions occurs, the boards and leaders of crypto companies will need to prioritize higher standards of rigorous disclosure and good corporate governance," said Mike Katz, a partner at Manatt, Phelps & Phillips. "Such efforts will be essential in avoiding lawsuits and enabling successful exits.
Landlord Must Pay Prevailing Tenants' $21K Attorney Fees in Commercial Lease Dispute, Appellate Court Rules
"We also see 'a reasonable connection between the fees and the amount involved in the litigation,' given that the tenants faced an abrupt end to their source of livelihood, and that the total amount awarded ($21,525) was much less than the amount of rent that was at stake in the suit (36 additional months x $1,600 = $57,600)," Justice Margaret Stanton-McBride wrote on behalf of an Illinois appellate panel.
Dissenter Blasts 4th Circuit Majority Decision Upholding Meta's Section 230 Defense
"Recommending that a user join a group, connect with another user, or attend an event is Facebook's own speech, for which it can be held liable, even under this Court's precedent," Judge Allison Jones Rushing wrote in a dissenting opinion. She was arguing for the revival of negligence claims against Meta for promoting hate speech that allegedly fueled a massacre of Black churchgoers in South Carolina.