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Compliance
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November 12, 2025
Feds Eye New Trial For MIT Brothers' $25M Crypto Theft Case
Federal prosecutors want to retry two MIT-educated brothers accused of a $25 million cryptocurrency heist next year, after a New York court declared a mistrial last week following the jury's failure to reach a unanimous verdict.
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November 12, 2025
Ex-CFPB Enforcers Launch Consumer Litigation Project
Three former enforcement attorneys of the Consumer Financial Protection Bureau have joined the advocacy group Protect Borrowers as senior fellows to launch a new litigation project focused on the "weaponization of corporate power that is plunging working people into financial crisis."
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November 12, 2025
FCC To Face Senate Oversight Following Kimmel Controversy
For the first time in half a decade, the full Senate Commerce Committee will convene for an oversight hearing, this time to place an examining eye on the FCC after the head of the agency said ABC could lose its license if it didn't punish talk show host Jimmy Kimmel for comments he made on air.
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November 12, 2025
Reed Smith Facilitated Jet Repossession Ploy, Suit Claims
Reed Smith LLP and two of its attorneys are facing claims of improperly facilitating an attempted repossession of an aviation company's plane, purportedly representing the company's lender while actually working for an alternative investment firm angling to seize the plane.
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November 12, 2025
SEC Atty Broke Shutdown Protocol With Subpoena, Suit Says
The U.S. Securities and Exchange Commission is facing a lawsuit in Texas federal court claiming it violated its own shutdown protocols when its Fort Worth office sought the financial records of a woman whose husband is currently under SEC investigation.
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November 12, 2025
SEC's Atkins Previews Crypto 'Taxonomy' Plans, Exemptions
U.S. Securities and Exchange Commission Chairman Paul Atkins on Wednesday pledged to "draw clear lines" about which crypto transactions the SEC doesn't regulate, but said that coming rules and exemptions for digital assets are "not a promise of lax enforcement at the SEC."
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November 12, 2025
1st Circ. Weighs Federal Halt To Planned Parenthood Funding
First Circuit judges skeptically questioned a Planned Parenthood attorney Wednesday as they wrestled with whether Congress illegally singled out the organization in budget legislation that blocks its federal Medicaid funding for a year.
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November 12, 2025
Judge Questions EEOC's Halt On Disparate Impact Probes
A D.C. federal judge wondered Wednesday whether he had the authority to force the U.S. Equal Employment Opportunity Commission to continue probing disparate impact discrimination claims after an April executive order stopped all such investigations in their tracks.
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November 12, 2025
NTIA Aims To Cut 'Red Tape' From Tribal Programs
The Commerce Department agency in charge of two tribal connectivity programs said Wednesday it will streamline their funding rules in a notice coming out next spring.
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November 12, 2025
Energy Co. Agrees To Class Status In 401(k) Fee Suit
NextEra Energy told a Florida federal court Wednesday that it agreed to the certification of a 20,000-member class in a lawsuit claiming the company misused forfeited 401(k) plan funds and allowed the plan's recordkeeper to charge excessive fees.
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November 12, 2025
FERC Can't Order Refund Of Extra Tax Costs, DC Circ. Told
The Federal Energy Regulatory Commission requiring an Energy Transfer LP unit to refund customers extra costs tacked onto its rates for deferred federal income tax reasons was unlawful retroactive ratemaking, the subsidiary told the D.C. Circuit, urging a reversal of the commission's order.
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November 12, 2025
Regional Cable Biz Looks Toward Permit Reform Priorities
Independent cable providers want the Federal Communications Commission to wield its statutory powers to slash state and local rules that their main trade group considers impediments to broadband deployment.
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November 12, 2025
Energy Dept. Sued Over Blue State Project Award Rescissions
Minnesota's capital city and several clean energy advocates have sued the U.S. Department of Energy in D.C. federal court over its termination of over $7.5 billion in grants for energy projects, accusing the agency of unconstitutionally targeting projects primarily in blue states.
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November 12, 2025
Boulder Fights Exxon's High Court Bid To Sink Climate Suit
The city and county of Boulder, Colorado, are asking the U.S. Supreme Court to reject Exxon Mobil Corp. and Suncor Energy Inc.'s request that it review the Colorado Supreme Court's decision to allow the city's climate change tort against the companies to proceed in state court.
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November 12, 2025
BNP Trial Judge Rejects 'Frivolous' Witness-Coaching Claim
A Manhattan federal judge on Wednesday forcefully rejected claims that supposed witness coaching tainted a recent trial during which Sudanese refugees won a $20 million bellwether verdict against BNP Paribas for allegedly contributing to former dictator Omar al-Bashir's atrocities.
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November 12, 2025
Marathon Prevails In Texas Business Court Gas Contract Trial
A Texas Business Court judge found in favor of Marathon Oil Co. on Tuesday after a bench trial earlier this month, ruling that Winter Storm Uri absolved Marathon from having to buy natural gas to make up for delivery shortfalls to a commodity trading company.
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November 12, 2025
Boeing Settles Ethiopian Air Case Ahead Of $28M Verdict
An Illinois federal jury awarded more than $28 million on Wednesday to the estate of a United Nations environmental scientist who died in the 2019 crash of a Boeing jet flying Ethiopian Airlines Flight 302, even though the parties reached a settlement ahead of closing arguments.
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November 12, 2025
Co. Says Excess Insurer Can't Avoid Asbestos Coverage Row
A paint and drywall product manufacturer said an Allianz unit can't rely on a pollution exclusion to avoid a dispute over coverage for underlying asbestos claims, telling a Texas federal court that the insurer's interpretation of the exclusion is contrary to the policy language and unsupported by Texas law.
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November 12, 2025
2nd Circ. Rejects Exxon's En Banc Plea Over Atty Fee Ruling
The Second Circuit has rejected Exxon, BP, Shell and the American Petroleum Institute's bid for en banc review of a lower court's decision to award attorney fees to New York City, which is suing them over allegations of deceptive practices around climate change.
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November 12, 2025
Judge Wary Of Robinhood's Bid For Prediction Markets Ruling
A Massachusetts federal judge appeared reluctant Wednesday to preemptively shield Robinhood from enforcement actions over its role in prediction markets, a request the state says is an attempt to "undercut" gaming regulators' separate pending lawsuit against the company's partner KalshiEX.
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November 12, 2025
Former Twitter Exec Can't Pursue State Claims During Appeal
Twitter's former chief marketing officer can't move forward with the state law claims in her $20 million severance suit while the company asks the Ninth Circuit to kick the allegations to arbitration, a California federal judge ruled, rejecting her argument that the company's appeal is a waste of time.
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November 12, 2025
Virgin Islands Gives 90-Day Tax Amnesty For Storm Recovery
The U.S. Virgin Islands established a 90-day amnesty period to waive penalties for overdue property, income and gross receipts taxes to help residents and businesses recovering from Hurricanes Irma and Maria and Tropical Storm Ernesto under a bill signed by the governor.
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November 12, 2025
EPA Floats Rollbacks To Biden-Era PFAS Reporting Rule
The U.S. Environmental Protection Agency wants to back off parts of a rule requiring forever chemical manufacturers to provide information about the amount and type of chemicals they have produced, citing compliance costs and difficulties.
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November 12, 2025
6 Firms Steer $1.8B Self-Driving Truck SPAC Merger
Swedish self-driving truck company Einride announced Wednesday it is planning to go public in the U.S. by merging with a special purpose acquisition company, in a $1.8 billion deal guided by six law firms.
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November 12, 2025
FTC Puts $3.6B Cabinetry Merger Under Microscope
The Federal Trade Commission has requested additional information from MasterBrand Inc. and American Woodmark Corp. about the planned $3.6 billion merger between the cabinet manufacturers, extending a waiting period that prevents the transaction from closing.
Expert Analysis
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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.
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Personnel File Access Laws Pose New Risks For Employers
The state law trend toward expanding employee access to personnel files can have extensive consequences for employers, but companies can take proactive steps to avoid disputes and potential litigation based on such records, says Randi May at Tannenbaum Helpern.