WASHINGTON — Expressing an unwillingness to dramatically expand the scope of offenses that fall under the federal bank fraud statute, the justices of the U.S. Supreme Court searched for some type of limiting principle Tuesday during arguments in Loughrin v. ...

Tagged with: Banking U.S. Supreme Court

An Abingdon U.S. District Court says a bank may sue a loan guarantor for tortious interference with contract and statutory conspiracy under Virginia law, based on a claim that the guarantor intentionally caused the borrower – a Bristol shopping center ...

Tagged with: Banking Judge James P. Jones U.S. District Court - Eastern District

Defendant bank wins summary judgment in this suit by siblings who obtained five CDs from their father’s estate and who allege they are owed payment on the CDs worth over $5 million that matured and were paid on behalf of ...

Tagged with: Banking Judge Anthony J. Trenga U.S. District Court - Eastern District

An  American Legion Post cannot sue defendant bank for negligence and breach of fiduciary duty on allegations that the bank improperly disbursed the post’s deposited funds to two persons who then embezzled the money; the Abingdon U.S. District Court dismisses ...

Tagged with: Banking Judge James P. Jones U.S. District Court - Western District

Shareholders are suing a bank’s directors for not paying sufficient attention to the bank’s annual report. The shareholders’ derivative action alleges the annual report threw up “red flags” that should have allowed the defendants to ward off regulatory action that ...

Tagged with: Banking Corporate Federal Courts Judge T.S. Ellis III

A bank’s ex-CEO who seeks severance pay lives to fight another day after a Norfolk federal judge rejected the bank’s preemptive strike. When Scott C. Harvard demanded the severance payment, Shore Bank, his former employer, filed suit in federal court ...

Tagged with: Banking Federal Courts Judge Mark Davis

While a stagnant economy means a tough job market for many lawyers, legal staffing experts predict that attorneys with specialized skills will continue to find themselves in high demand in 2013. It’s a “specialist economy” for the legal profession, said ...

Tagged with: Banking Employment Heath Care Act Intellectual Property

An Alexandria federal judge will enforce a lucrative noncompete agreement between Capital One Financial Corp. and two former top executives. The decision by U.S. District Judge Liam O’Grady in Capital One Financial Corp. v. Kanas (VLW 012-3-213) is remarkable for ...

Tagged with: Banking Federal Courts Judge Liam O'Grady Noncompete

A Norfolk church, Garden of Prayer, was a holder in due course of a $400,000 cashier’s check that was not honored by defendant Wells Fargo bank, but Wells Fargo is not liable to Garden of Prayer as it complied with ...

Tagged with: Banking Judge Mark Davis U.S. District Court - Eastern District

A bank that unwittingly helped fund a now-convicted mortgage loan swindler has blocked an effort to force it to give up its proceeds to help pay back victims of the fraud. An Alexandria bankruptcy judge dismissed a trustee’s $4.5-million claim ...

Tagged with: Banking Bankruptcy Federal Courts Judge Robert G. Mayer