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Compliance
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November 04, 2025
5th Circ. Judge Says FCA Illegally Steps On Executive Power
Fifth Circuit Judge James C. Ho says his court should reconsider what he called "serious constitutional problems with the qui tam provisions of the False Claims Act," arguing that whistleblowers who sue under the law "are neither appointed by, nor accountable to, the president," and that conflicts with presidential authority.
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November 04, 2025
Jury Told $25M Crypto Win Was Fraud, MIT Bros Call It Legit
Manhattan federal prosecutors on Tuesday told jurors that two MIT-educated brothers pulled off a meticulously planned $25 million crypto heist by ripping off other traders they didn't like, while defense counsel argued that the government is trying to take a legitimate "sharp-edged" trading strategy and turn it into a crime.
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November 04, 2025
OCC's Gould Pledges 'Multifaceted' Defense Of Preemption
The Office of the Comptroller of the Currency's top official said Tuesday that his agency will be taking steps to defend and promote federal preemption in banking, pledging a "multifaceted" effort to stem what he described as weakening support for the principle.
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November 04, 2025
Banking Groups Push Back On Coinbase's Trust Charter Bid
Two banking industry groups have opposed crypto exchange Coinbase's bid for a national trust company charter, warning in comment letters to the Office of the Comptroller of the Currency that granting the crypto firm's application could lead to systemic risks.
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November 04, 2025
Ex-Beneficient CEO Stole $150M From GWG, Feds Say
The former CEO of Texas financial services firm Beneficient allegedly created a fraudulent scheme to loot more than $150 million from now defunct GWG Holdings, a publicly traded company for which he served as chairman, according to a New York federal grand jury indictment unsealed Tuesday.
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November 04, 2025
Judge DQs Levi & Korsinsky Over 'False Press Releases'
A California federal judge disqualified Levi & Korsinsky from serving as lead counsel in a proposed investor class action after finding that the firm issued press releases to attract clients with headlines stating it had filed certain suits when in fact, the firm hadn't actually filed those cases.
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November 04, 2025
5th Circ. Unsure Man Can Challenge Texas Ban On Land Sales
A Fifth Circuit panel seemed skeptical of a seminary student's argument that Texas' new law barring Chinese nationals from buying land in the Lone Star State applies to him, suggesting Tuesday the man seems to be domiciled in Texas.
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November 04, 2025
Bally's Escapes ERISA Suit Over Tobacco Surcharge
Casino operator Bally's defeated a proposed class action alleging workers who use tobacco were unlawfully overcharged for health benefits, with a Rhode Island federal judge ruling Tuesday that federal law doesn't require retroactive reimbursement of plan participants' fees after completion of a tobacco cessation program.
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November 04, 2025
States Want Say In Privacy Suit Over Cell Number Listings
Attorneys general from more than a dozen states have asked to pitch their two cents in to a suit brought earlier this year against Zoominfo that accused the data broker of illegally posting people's phone numbers in violation of Colorado law.
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November 04, 2025
Nordstrom Customers Sue Over Allegedly Misleading Spam
Nordstrom Inc. sent hundreds of marketing emails that tricked customers into thinking they had only a short window of time to obtain deep discounts at Nordstrom Rack, plaintiffs said in a new proposed class action alleging the messages broke Washington state law.
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November 04, 2025
Clippers Owner, BakerHostetler Named In Fintech Fraud Suit
Nearly a dozen investors have filed an amended lawsuit in California state court alleging Los Angeles Clippers owner Steve Ballmer and others, including BakerHostetler, helped financial technology company Aspiration Partners Inc. defraud them by propagating a false narrative that the business was financially solvent.
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November 04, 2025
CFPB's Information Security 'No Longer Effective,' IG Says
The Consumer Financial Protection Bureau's information security program has weakened under the Trump administration and is "no longer effective" amid staff departures and loss of contractor resources, according to a new inspector general report.
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November 04, 2025
DOJ, Google Spar Over Breakup Bid In Ad Tech Case
The U.S. Department of Justice is continuing to push a Virginia federal court to force Google to sell its ad exchange in the monopolization case over the company's advertising placement technology while Google is asking the court to impose more modest behavioral remedies.
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November 04, 2025
Insurer Must Turn Over Docs In $6.8M Fraud Dispute
An electronic payments company's insurer must turn over claim files and underwriting materials as they continue to litigate whether the company's roughly $6.8 million loss from two fraud schemes falls within its policy's coverage for "computer fraud," an Iowa federal court ruled Tuesday.
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November 04, 2025
Nonprofits Sue Ed Dept. Over Loan Forgiveness Rule Changes
A group of nonprofit organizations sued Tuesday to block the U.S. Department of Education from limiting the kinds of organizations whose employees can qualify for the Public Service Loan Forgiveness program, saying the changes could exclude immigrant advocacy nonprofits and employers with diversity programs.
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November 04, 2025
Feds Tell 11th Circ. Delta, Aeromexico Can't Halt JV Split Order
The Trump administration fired back at Delta Air Lines and Aeromexico's Eleventh Circuit bid to freeze a U.S. Department of Transportation order directing them to scuttle their joint venture by Jan. 1, saying the airlines' contention that it'd be too burdensome to disentangle their networks is overblown.
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November 04, 2025
Dechert Tracks Significant Decline In U.S. Merger Probes
Dechert LLP's latest merger review report counted a dramatic decrease in the number of significant U.S. Department of Justice and Federal Trade Commission tie-up investigations between July and September and year-to-date, coming in at just two-thirds of the average over the last 15 years.
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November 04, 2025
10th Circ. Revives Atty's Free Speech Retaliation Case
A Colorado water attorney's First Amendment case against her former employer was revived by the Tenth Circuit after a three-judge panel found the attorney's comments were not made as an ordinary part of her duties.
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November 04, 2025
Industry, Enviros Oppose EPA Plan To Ditch GHG Reporting
Industry and environmental groups alike are pushing back against the U.S. Environmental Protection Agency's proposal to repeal a program that requires power plants, fossil fuel and natural gas suppliers, and other facilities to report their greenhouse gas emissions.
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November 04, 2025
Judge Voids DOT Directive Tying State Grants To Immigration
The U.S. Department of Transportation cannot condition billions in grants on states cooperating with President Donald Trump's immigration crackdown, a Rhode Island federal judge ruled Tuesday, saying the administration "blatantly overstepped" its authority by imposing sweeping and unlawful conditions on federally appropriated funds.
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November 04, 2025
States' Zillow, Redfin Suit In Va. Paused Amid Gov't Shutdown
A Virginia federal judge has granted a joint motion to pause an antitrust suit filed by Virginia and four other states against Zillow Group Inc., Zillow Inc. and Redfin Corp., ruling the suit will be paused until the current federal government shutdown ends.
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November 04, 2025
Calif. Coalition Slams $350M Cut To Minority-Serving Colleges
A coalition of Democratic state and federal California lawmakers is calling on U.S. Education Secretary Linda McMahon to allocate money to support minority-serving colleges and universities, saying the federal government's decision to withhold $350 million in discretionary funding undermines the ability to serve underrepresented communities.
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November 04, 2025
Wash. AG Launches Public Records Unit To Up Transparency
The Washington State Office of the Attorney General is launching a new unit designed to expand access to government records, the office announced on Tuesday, noting that public records requests in the state have nearly doubled over the past decade.
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November 04, 2025
'Chinese Military' Tag Is Unlawful, Drone Maker Tells DC Circ.
Drone maker DJI has taken its arguments that the Pentagon unlawfully labeled it a "Chinese military company" to a higher court.
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November 04, 2025
DC Circ. Backs DOE's Tougher Furnace Efficiency Rules
The D.C. Circuit on Tuesday upheld the U.S. Department of Energy's tighter energy efficiency standards for furnaces and water heaters, rejecting arguments from gas utility and industry groups that the rules unlawfully force an expensive switch to new appliances.
Expert Analysis
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Opinion
NYC Landlords Should Fight Unlawful Occupancy With 2 Laws
New York City property owners should proactively use the Multiple Dwelling Law and Administrative Code to maintain the integrity of the city's housing market, safeguard tenant safety and keep unlawful occupancy disputes out of the already overwhelmed New York City Housing Court, say attorneys at Rosenberg & Estis.
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5 Crisis Lawyering Skills For An Age Of Uncertainty
As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.
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Blockchain May Offer The Investor Protection SEC Seeks
As the U.S. Securities and Exchange Commission moves to control the ballooning costs of the consolidated audit trail and attempts to finally give regulators a unified, real-time picture of trading, blockchain demonstrates what it looks like when that kind of transparency is a baseline feature, not an aspirational overlay, says Tuongvy Le at Veda Tech Labs.
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Del. Dispatch: Chancery Expands On Caremark Red Flags
The Delaware Court of Chancery’s recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank.
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Opinion
It's Time For The Judiciary To Fix Its Cybersecurity Problem
After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.
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Prepping For Website Automatic Opt-Out Signal Mandates
Maryland's Online Data Privacy Act, which, along with a growing number of U.S. states, requires businesses to offer mechanisms in their privacy policies or online interfaces to allow individuals to opt out of data collection, marks a new frontier in consumer privacy, raising both technical and legal risks, say attorneys at Baker Donelson.
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Tips For Cos. Crafting Enforceable Online Arbitration Clauses
Recent rulings from the Ninth Circuit and the U.S. District Court for the Southern District of California indicate that courts are carefully examining the enforceability of online arbitration clauses, so businesses should review the design of their websites and consider specific language next to the "purchase" button, say attorneys at DTO Law.
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Who Will Regulate Insider Trading In Prediction Markets?
The possibilities for insider trading have greatly expanded in the brave new world of prediction markets, and both the U.S. Commodity Futures Trading Commission and U.S. Department of Justice could bring enforcement actions in the space, so businesses should revisit their insider trading and confidential information policies, say attorneys at Fenwick.
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Opinion
Crypto Bills' Narrow Scope Guarantees Continued Uncertainty
The Digital Asset Market Clarity Act and Responsible Financial Innovation Act aim to make the $4 trillion crypto market more transparent and less susceptible to fraud, but their focus on digital assets sold in investment contract transactions promises continued uncertainty for the industry, says Joe Hall at Davis Polk.
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Rules Of Origin Revamp May Be Next Big Trade Development
The rules of origin for determining what tariff applies to any given import appear to be on the cusp of an important rethink, and it seems likely that the administration will try to align the rule with its overall tariff strategy in one of three ways, says Ted Posner at Baker Botts.
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7 Lessons From The Tractor Supply CCPA Enforcement Action
The California Privacy Protection Agency's recent enforcement action targeting Tractor Supply for alleged violations of the California Consumer Privacy Act provides critical insights into the compliance areas that remain a priority for the California regulator, including businesses with significant consumer interactions, say attorneys at Troutman.
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Considering Judicial Treatment Of The 2023 Merger Guidelines
Courts have so far primarily cited the 2023 merger guidelines for propositions that do not differ significantly from prior versions of the guidelines, leaving it unclear whether the antitrust agencies will test the guidelines’ more aggressive theories, and how those theories will be treated by federal judges, say attorneys at Covington.
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Key Lessons From Youths' Suit Against Trump Energy Orders
A Montana federal court's recent decision in Lighthiser v. Trump, dismissing a challenge by a group of young plaintiffs to President Donald Trump's executive orders promoting fossil fuels, indicates that future climate litigants must anchor their suits in discrete, final agency actions and statutory text, say attorneys at ArentFox Schiff.
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Federal Debanking Scrutiny Prompts Compliance Questions
Recent U.S. Small Business Administration guidance sets forth requirements for preventing so-called politicized debanking and specific additional instructions for small lenders, but falls short on clarity for larger institutions, leaving lenders of all sizes with questions as they navigate this unique compliance challenge, say attorneys at Cooley.
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Series
Writing Novels Makes Me A Better Lawyer
Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler.