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Compliance
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February 24, 2026
WisdomTree Gets SEC Nod For 24/7 Trading Of Digital Fund
The U.S. Securities and Exchange Commission gave WisdomTree the green light to offer round-the-clock trading and settlement for its tokenized money market fund offering in a first-of-its-kind approval, according to the financial product issuer's Tuesday announcement.
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February 24, 2026
Texas Manufacturer Seeks IRS Refund For Worker Credits
The Internal Revenue Service wouldn't let a manufacturing company correct a typo on a tax return seeking pandemic worker credits and misapplied credits to old tax debt after agreeing not to, the company told a Texas federal court in seeking a $604,000 refund.
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February 24, 2026
Alaska Native Co. Hit With Suit Over 401(k) Fees, Funds
An Alaska Native company has been hit with a proposed class action from an employee 401(k) participant who alleged his plan was saddled with excessive fees and poorly performing investments, breaching fiduciary duties and causing prohibited transactions in violation of federal benefits law.
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February 24, 2026
Personal Injury Firm Fights Sanctions Bid In Swipe-Fee Case
A personal injury firm and its referral partner have pushed back against a sanctions bid from a class of merchants in a long-running antitrust litigation against Visa and Mastercard over swipe fees, arguing the plaintiffs are seeking "drastic relief" without a showing that any class member was harmed by allegedly misleading information the firm gave them.
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February 24, 2026
SEC's Crypto Task Force Taps Chainlink Atty As Chief Counsel
The U.S. Securities and Exchange Commission has brought on the former deputy general counsel of blockchain app development platform Chainlink to lead the agency's Crypto Task Force after its previous chief, Michael Selig, left to lead the U.S. Commodity Futures Trading Commission.
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February 24, 2026
EEOC, PepsiCo Deal In Vision Bias Suit Fails To Pass Muster
A North Carolina federal judge refused to greenlight a $270,000 settlement that would end a U.S. Equal Employment Opportunity Commission lawsuit accusing PepsiCo of unlawfully firing a blind employee, saying parts of the agreement are beyond the scope of the case.
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February 24, 2026
Former PSE&G Deputy GC, Ex-Prosecutor Approved As NJ AG
Jennifer Davenport, a veteran prosecutor and former deputy general counsel at the utility PSE&G, was confirmed as New Jersey's next attorney general on Tuesday.
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February 24, 2026
A&O Shearman Adds Latham Atty With CFIUS Experience
Allen Overy Shearman Sterling has rehired a former senior Treasury Department lawyer in Washington, D.C., whose practice focuses on Committee on Foreign Investment in the United States matters and a range of other trade compliance issues.
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February 24, 2026
AstraZeneca Drug Price Challenge Falls Short In Hawaii
A federal judge in Hawaii temporarily upheld the state's law that prevents drug manufacturers from blocking safety-net hospitals from contracting with an unlimited number of outside pharmacies to dispense discounted prescription drugs under the 340B Drug Discount Program.
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February 24, 2026
Feds Lack Standing Over Immigrant Protection Laws, Ill. Says
Illinois is defending two recently enacted laws that allow private parties to sue civil immigration enforcement officers for knowingly violating their constitutional rights and bar civil immigration arrests at courthouses, telling a federal court the Trump administration lacks standing to challenge them.
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February 24, 2026
SEC Secures Judgment Against Athlete-Targeting Fraudster
The U.S. Securities and Exchange Commission has won a civil judgment against a Colorado man who pled guilty to defrauding investors, including professional athletes, out of more than $1.2 million, securing an additional $438,000 for the government.
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February 24, 2026
Interior Department Finalizes NEPA Rollback For Public Lands
The Interior Department said it has cleared the way for faster approval of large infrastructure projects by finalizing a rollback of nearly 50-year-old policies in the National Environmental Protection Act to reduce the scope of the law by more than 80%.
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February 24, 2026
Greenberg Traurig Hires Morgan Lewis Benefits Atty In Boston
Greenberg Traurig LLP added to what it called its "strategic expansion" by bringing on a benefits and employment attorney who had previously served as managing partner of Morgan Lewis & Bockius LLP's Boston office.
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February 23, 2026
YouTube VP Says 5-6 Hours Daily 'Very Good' For His Kids
A YouTube vice president testified Monday in a California bellwether trial over allegations that the platform and Instagram harm children, denying that YouTube was designed to be addictive and saying he'd allowed his children to watch five to six hours a day and that it had been "very good" for them.
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February 23, 2026
Feds Point To 8th Circ. In Sinclair Station Takeover OK
Sinclair Inc. has gotten the go ahead to proceed with the acquisition of three television stations in Michigan and New York that it previously would have been barred from buying under long-standing FCC media ownership rules that were recently struck down by the Eighth Circuit.
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February 23, 2026
High Court Crafts Escape Hatch In Review Of Climate Torts
The U.S. Supreme Court on Monday agreed to determine whether a climate change lawsuit against fossil fuel companies can proceed in state court, but the justices also created a potential off-ramp by questioning whether they can actually hear the case.
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February 23, 2026
Northern Trust Wants Heiress' Fraud Claims Tossed
The Northern Trust Co. seeks to shed certain claims that it failed to prevent a former vice president from looting the trust of an elderly banking heiress, arguing that it was also a victim of the alleged scheme and "no company is immune to dishonest actors."
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February 23, 2026
DC Circ. Talks Sharks, Moats In Vertex HHS Kickback Appeal
Sharks and moats were top of mind Monday morning for one judge on the D.C. Circuit, as gene therapy drugmaker Vertex Pharmaceuticals attempted to convince the court that its fertility preservation program does not violate the Anti-Kickback Statute.
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February 23, 2026
Monsanto Tells High Court US Law Trumps State Label Rules
Monsanto urged the U.S. Supreme Court on Monday to reverse a $1.25 million state jury verdict finding that its Roundup weedkiller caused a man's cancer, arguing that federal environmental regulators, and not "lay juries," must be the ones who determine what is on herbicide labels.
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February 23, 2026
NY Pitches Pay-Later Oversight Rules, Borrower Protections
Buy-now-pay-later providers in New York would face new licensing and supervision requirements, consumer disclosure standards, fee limits and other restrictions under draft rules unveiled Monday by the state's financial services regulator.
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February 23, 2026
Zynex Faces Securities Suit Following Arrest Of Former Execs
After being arrested last month on charges of securities fraud and conspiracy, the former CEO and ex-chief compliance officer of bankrupt medical device maker Zynex have been hit with a securities class action that alleges they and others caused the company to engage in fraudulent billing practices that inflated its stock price and led to investor losses once the truth came to light.
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February 23, 2026
Banking Orgs. Silent On Trump Family-Tied Crypto Charter Bid
Two banking industry groups that publicly opposed applications from at least eight crypto firms seeking national trust charters did not weigh in on a similar bid from the Trump-family tied crypto business World Liberty Financial, while public advocacy group commenters blasted the WLF application as being riddled with conflicts.
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February 23, 2026
Chemical Co. PQ Contaminated Port Of Tacoma, Suit Says
The Port of Tacoma has sued Pennsylvania chemical company PQ LLC for millions of dollars in cleanup costs, going to Washington federal court to hold the business liable for contamination from a now-shuttered manufacturing and processing plant.
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February 23, 2026
Fed Defends Ex-Wells Fargo Exec's Golden Parachute Denial
The Federal Reserve urged a California federal court to uphold its denial of a former Wells Fargo anti-money laundering executive's bid for a "golden parachute" payout of over $450,000, arguing he was found responsible for significant problems that led to a consent order for the bank a decade ago.
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February 23, 2026
1st Circ. Says Gov't Challenge To Due Process Order Can Wait
The Trump administration's challenge to an already-stayed Massachusetts district judge's order requiring notice and due process for noncitizens facing removal to countries where they have no prior ties was terminated by the First Circuit on Friday, with the court saying it makes more sense to wait for an appeal based on the merits of the case.
Expert Analysis
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Can OCC State Banking Law Preemption Survive The Courts?
While two December proposals from the Office of the Comptroller of the Currency seek to foreclose pending consumer litigation against national banks related to residential mortgage lending, it's unclear whether this aggressive approach will withstand judicial scrutiny under the U.S. Supreme Court's 2024 rulings in Cantero and Loper Bright, say attorneys at Davis Wright.
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How Selig May Approach CFTC Agricultural Enforcement
As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.
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Traditional FCA Enforcement Surges Amid Shifting Priorities
The U.S. Department of Justice’s January report on False Claims Act enforcement in fiscal year 2025 reveals that while the administration signaled its intent to expand FCA enforcement into new areas such as tariffs, for now the greatest exposure remains in traditional areas like healthcare — in which the risk is growing, say attorneys at Debevoise.
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How 3 CFTC Letters Overhauled Digital Asset Guidance
The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.
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5th Circ. Ruling Clarifies Tax Rules For Limited Partners
The Fifth Circuit’s Jan. 16 decision in Sirius Solutions v. Commissioner provides greater tax planning certainty by adopting a bright-line test for determining when partners in limited liability companies are exempt from self-employment tax, say attorneys at K&L Gates.
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FTC Focus: Testing Joint Enforcement Over Loyalty Programs
The Federal Trade Commission's case against Syngenta can be understood both as a canary for further scrutiny over loyalty-discount practices and a signal of the durability of joint federal-state antitrust enforcement, with key takeaways for practitioners and those subject to regulatory antitrust scrutiny alike, say attorneys at Proskauer.
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NYC Bar Opinion Warns Attys On Use Of AI Recording Tools
Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.
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Ruling Helps Clarify FERC's Post-Jarkesy Enforcement Power
A North Carolina federal court's recent ruling in American Efficient v. Federal Energy Regulatory Commission may be a step in providing clarity on FERC's enforcement authority under the Federal Power Act in the wake of the U.S. Supreme Court's 2024 decision in U.S. Securities and Exchange Commission v. Jarkesy, say attorneys at Sidley.
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Series
The Biz Court Digest: Dispatches From Utah's Newest Court
While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.
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Aerospace And Defense Law: Trends To Follow In 2026
Some of the key 2026 developments to watch in aerospace and defense contracting law stem from provisions of this year's National Defense Authorization Act, a push to reform procurement, executive orders that announced Trump administration priorities, the upcoming Artemis space mission and continuing efforts to deploy artificial intelligence, say attorneys at Thompson Hine.
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4 Quick Emotional Resets For Lawyers With Conflict Fatigue
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.
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3 Key Ohio Financial Services Developments From 2025
Ohio's banking and financial services sector saw particularly notable developments in 2025, including a significant Ohio Supreme Court decision on creditor disclosure duties to guarantors in Huntington National Bank v. Schneider, and some major proposed changes to the state's Homebuyer Plus program, says Alex Durst at Durst Kerridge.
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Privacy Ruling Shows How CIPA Conflicts With Modern Tech
A California federal court's recent holding in Doe v. Eating Recovery Center that Meta is not liable for reading, or attempting to read, the pixel-related transmission while in transit reflects a mismatch between the California Invasion of Privacy Act's 1967 origins and modern encrypted, browser‑driven communications, says David Wheeler at Neal Gerber.
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Rescheduling Cannabis Marks New Tax Era For Operators
As the attorney general takes steps to move cannabis from Schedule I to Schedule III of the Controlled Substances Act, operators and advisers should prepare by considering the significant changes this will bring from tax, state, industry and market perspectives, says Michael Harlow at CohnReznick.
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Navigating Trade Secret Exceptions In Noncompete Bans
Recent and ongoing developments in the noncompete landscape, including a potential decision from the Tenth Circuit in Edwards Lifesciences v. Thompson, could offer tools for employers to bring noncompete agreements within trade secret exceptions amid an era of heightened employee mobility, say attorneys at Sullivan & Cromwell.