LIARS AND HOME BUYERS - JPMorgan Chase was slapped with a consumer class action Friday in California Central District Court over the bank’s mortgage lending practices. The suit, brought by Kazerouni Law Group, claims that JPMorgan misled borrowers regarding their approval prospects, leading would-be home buyers to incur additional fees, penalties and higher loan interest rates. Counsel have not yet appeared for the defendant. The case is 8:22-cv-00744, Hoevelkamp et al v. JPMorgan Chase Bank, N.A. Stay up on the latest deals and litigation with the new Law.com Radar.  

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VOLATILE STATE -  After a raft of debilitating Western sanctions on Russia and the exodus of global firms from Moscow, Russia-originating cyber attacks are a growing concern concern among law firms, as the war delivers the loudest reminder yet to both firms and their clients that they must be prepared, Law.com International’s James Carstensen reports. As recently as two days ago, the U.S. had accused Russia of leading a campaign of “cyber aggression”, as tensions with the West increase. This increased friction could put firms at risk, said Peter Craddock, a Brussels-based partner at Keller & Heckman focusing on privacy and cybersecurity. “Coupled with the sanctions, this has put a bigger target on Western organizations and authorities than previously, simply because there’s that potential for retaliation,” he said. He stressed that the current crisis is a “clear reminder” that organizations should be prepared. “It doesn’t matter if it’s in this context – the war in Ukraine – or another context; it is going to happen,” he said. “Some of the biggest attacks we had over the past year, Colonial Pipeline for instance, had nothing to do with world events. They were just interesting targets.”

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