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A&O Shearman, Hogan Lovells to Defend £9.9 Billion Crypto Class Action

The U.K. Competition Appeal Tribunal has certified a £9.9 billion class action claim from investors against multiple cryptocurrency exchanges. The claimants are investors in Bitcoin Satoshi Vision (BSV), a form of cryptocurrency. They have accused six crypto exchanges of “colluding to delist BSV from their exchanges” in 2019, causing damages…

UK Court Finds UAE Company Liable In ‘Tuna Bonds’ Bribery Case

London’s High Court has ruled in favour of the Republic of Mozambique, awarding over two billion dollars against an institution in the United Arab Emirate for its role in the fraudulent ‘Tuna Bonds’ deal which plunged the African country into a financial crisis. Justice Robin Knowles, on Monday, concluded that…

‘The New Reality’: Summer Associate Training Zeros In on Generative AI

More Am Law 100 law firms are training their summer associates in generative AI, seeing the potential in the technology for both legal education and business. Among the latest is Seyfarth Shaw, which launched this year a 10-week program for summers with sessions geared around learning commercial and in-house AI…

.3M Stolen From Seton Hall Law School: Ex-Assistant Dean Pleads Guilty

Three former employees of Seton Hall University School of Law have entered guilty pleas in connection with the embezzlement of more than $1.3 million from the school. Teresina DeAlmeida, a former assistant dean for finance and administration, and Rose Martins, her assistant, each pleaded guilty to wire fraud conspiracy on Friday…