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Compliance
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October 17, 2025
BNP Must Pay $20M To 3 Sudanese Refugees, NY Jury Finds
A New York federal jury Friday returned a landmark $20 million verdict against French bank BNP Paribas, finding the bank liable for its role enabling the genocide former Islamist dictator Omar al-Bashir committed against Black African civilians in Sudan.
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October 17, 2025
Chamber Urges 5th Circ. To Rehear Ex-Bank CEO's FDIC Case
The U.S. Chamber of Commerce and other libertarian advocacy groups urged the Fifth Circuit on Friday to reconsider a panel ruling shielding the Federal Deposit Insurance Corp.'s in-house courts from a constitutional challenge, arguing the decision defies U.S. Supreme Court precedent and leaves bank officials "trapped in the bureaucratic machinery" of juryless agency prosecutions.
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October 17, 2025
Employment Authority: 3rd Circ. Settlement Ruling Impact
Law360 Employment Authority covers the biggest employment cases and trends. Catch up this week with coverage on how a Third Circuit decision could make it easier to settle cases when plaintiffs lodge wage and hour claims under both federal and state laws, how a recent ruling greenlighting a U.S. Equal Employment Opportunity Commission case under the Pregnant Workers Fairness Act highlights the need for training on breastfeeding accommodations and how the Senate labor committee's withholding of a vote on a National Labor Relations Board nominee has clouded the agency's timeline for gaining the quorum it needs to fully function.
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October 17, 2025
Justices Urged To Review Circ. Split Over SEC Disgorgement
A man accused by the U.S. Securities and Exchange Commission of participating in a $6 million pump-and-dump scheme is calling on the U.S. Supreme Court to review a circuit split that he says has created "intolerable confusion" over when the agency can collect disgorgement.
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October 17, 2025
Insys Ex-CEO Babich Agrees To $30M Trustee Deal In Del.
Former Insys Therapeutics CEO Michael Babich has consented to a $30 million settlement amid a bankruptcy trustee's efforts to recover tens of millions in damages from company officials tied to Insys' aggressive marketing of the opioid painkiller Subsys, according to a Delaware Court of Chancery settlement filed early on Friday.
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October 17, 2025
Investment Firm Founder Indicted On Alleged $500M Scheme
The co-founder of two Florida-based investment firms has been accused by federal prosecutors and the U.S. Securities and Exchange Commission of defrauding lenders and investors out of hundreds of millions of dollars with false representations about the firms' financial success and assets.
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October 17, 2025
Atty Quits Ga. Bar's 'Facade' Committee On Client Solicitation
A Georgia attorney resigned Friday as head of the state bar's committee on attorney-client solicitation, accusing the bar of not even "reaching for a garden hose" while unlawful solicitation of accident victims has spread "like wildfire" across the Peach State.
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October 17, 2025
Major Banks Colluded For 30 Years To Fix Rates, Suit Says
Several major banks, including JPMorgan Chase, Bank of America and Wells Fargo, have been hit with a proposed class action in Connecticut federal court alleging that for the past 30 years, they have been artificially inflating interest rates on variable-rate loans to consumers and small businesses.
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October 17, 2025
Bankers Lobby Warns Of 'Operational Crises' From Penny Halt
A banking industry group on Friday urged leaders of the Federal Reserve and the U.S. Department of the Treasury to swiftly address "operational crises" the institutions say have arisen from a policy restricting penny deposits at coin terminals as the U.S. phases out the one-cent coin.
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October 17, 2025
Real Estate Recap: Lenders' Inner Circle, '25 Hospitality Deals
Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the real estate deal dynamics influencing the choice of lender counsel, and the law firms that guided the 10-figure hospitality mergers and acquisitions to date in 2025.
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October 17, 2025
Ex-Official Enforced Fee Deal With Job Threat, Jury Hears
Connecticut school construction director Kosta Diamantis on Friday admitted during cross-examination that he threatened to yank a masonry subcontractor from jobs in Tolland and Hartford if it didn't pay him what he claimed was a legitimate, agreed-upon $70,000 fee for lining up an introduction to a general contractor.
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October 17, 2025
Ex-SEC Officials Support Activist Investor Before High Court
Two former U.S. Securities and Exchange Commission members are among those calling on the U.S. Supreme Court to uphold the ability of investors to sue funds over contracts that violate federal securities laws, saying that the SEC does not have the resources to go after every alleged wrongdoer.
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October 17, 2025
11th Circ. Ruling Could Unravel Strict ERISA Exhaustion Rule
A recent Eleventh Circuit decision opens up a route for overturning the appellate court's strictest-in-the-nation precedent requiring administrative exhaustion of all claims brought under the Employee Retirement Income Security Act, attorneys say, given that two judges in a panel concurrence advocated for such action following en banc review.
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October 17, 2025
Idaho Asks Justices To Reject Mootness In Trans Ban Case
The state of Idaho has again encouraged the U.S. Supreme Court to proceed with its review of whether the state's ban on transgender women in sports is unconstitutional after a lower court earlier this week rejected the plaintiff's efforts to voluntarily dismiss the suit.
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October 17, 2025
GM Parts Co. Wants Out Of Black Worker's Harassment Suit
A Black employee of a General Motors subsidiary can't support her lawsuit alleging the company did nothing to stop a white co-worker from stalking and harassing her, the company told a New York federal court Friday, arguing she failed to show the colleague's conduct was tied to race, not personal relations.
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October 17, 2025
Man Arrested In Mistaken ID Case Can Sue, 11th Circ. Says
A Florida police officer cannot escape a lawsuit alleging the officer violated the Fourth Amendment when he entered a home without a warrant and then tasered and arrested the father of a suspect in a case of mistaken identity, the Eleventh Circuit has ruled, while remanding related claims for further review.
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October 17, 2025
Federal Courts To Scale Back Operations Amid Shutdown
The federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays.
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October 17, 2025
Texas Farm Bureau Suit Alleging USDA Discrimination Stayed
A Texas federal judge on Thursday opted to stay the Texas Farm Bureau's suit against the USDA over the agency's alleged preferential treatment of minority farmers while a similar case plays out.
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October 17, 2025
Verizon Scraps Ad For Free Google Pixel After AT&T Objects
Verizon has dropped an advertisement for free Google Pixel phones that prompted an AT&T complaint that the offer was only available for "Unlimited Ultimate" plan customers, not everyone.
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October 17, 2025
Ark. Trust 'Trying To Determine' What NY Attys Did With $20M
A New York law group is facing allegations that it misappropriated $20 million that was meant to facilitate a business loan transaction on behalf of an Arkansas trust.
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October 17, 2025
Sidley Lands Ex-Acting SDNY US Attorney
Matthew Podolsky, the former acting U.S. attorney for the Southern District of New York, has jumped to private practice at Sidley Austin LLP.
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October 17, 2025
Industry Calls On Policymakers To Tackle Telecom Vandalism
Growing theft and vandalism of telecom lines can trigger not only immediate costs, but broader economic and social ripple effects from network shutdowns, a wireless infrastructure group warned in a pair of new reports issued to support the group's call for stepped-up law enforcement.
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October 17, 2025
GC Cheat Sheet: The Hottest Corporate News Of The Week
Exxon was hit with a proposed class action alleging its new program to enable automated proxy voting for retail investors is intended to stifle shareholder dissent. Meanwhile, a new survey found that nearly two-thirds of in-house legal departments think they will rely less on outside legal service providers because of generative artificial intelligence. These are some of the stories in corporate legal news you may have missed in the past week.
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October 17, 2025
Mercedes-Benz, Staffing Firm Settle OT Dispute
A billable worker told a Georgia federal court that she reached a tentative settlement with Mercedes-Benz and a staffing agency she accused of flouting the Fair Labor Standards Act by failing to pay her overtime.
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October 16, 2025
Ripple Pays $1B For Treasury Management Co. GTreasury
Crypto exchange Ripple announced Thursday that it entered a deal to acquire treasury management systems provider GTreasury for $1 billion.
Expert Analysis
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Breaking Down The Intersection Of Right-Of-Publicity Law, AI
Jillian Taylor at Blank Rome examines how existing right-of-publicity law governs artificial intelligence-generated voice-overs, deepfakes and deadbots; highlights a recent New York federal court ruling involving AI-generated voice clones; and offers practical guardrails for using AI without violating the right of publicity.
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Series
Painting Makes Me A Better Lawyer
Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.
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H-2A Rule Rollback Sheds Light On 2 Policy Litigation Issues
The Trump administration’s recent refusal to defend an immigration regulation implemented by the Biden administration highlights a questionable process that both parties have used to bypass the Administrative Procedure Act’s rulemaking process, and points toward the next step in the fight over universal injunctions, says Mark Stevens at Clark Hill.
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NY AML Rules Get Crypto Rebrand: What It Means For Banks
A recent letter from the New York State Department of Financial Services outlining how banks can use blockchain analytics in anti-money laundering efforts is a reminder that crypto activity is not exempted from banks' role in keeping the financial system safe, says Katherine Lemire at Lankler Siffert.
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What's At Stake At High Court For Presidential Removal Power
Two pending U.S. Supreme Court cases —Trump v. Slaughter and Trump v. Cook — raise fundamental questions about the constitutional separation of powers, threaten the 90-year-old precedent of Humphrey's Executor v. U.S. and will determine the president's authority to control independent federal agencies, says Kolya Glick at Arnold & Porter.
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Using The GHG Protocol For California Climate Reporting
With the California Air Resources Board's recent announcement that entities subject to the state's climate disclosure laws can use the Greenhouse Gas Protocol as a standard for structured, auditable reporting, a review of methods, data sources and disclosures under the protocol is timely for compliance planning, says Thierry Montoya at Frost Brown.
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Employer Considerations As Ill. Ends Mandatory Fact-Finding
Illinois recently eliminated mandatory fact-finding conferences, and while such meetings tend to benefit complainants, respondent employers should not dismiss them out of hand without conducting a thorough analysis of the risks and benefits, which will vary from case to case, says Kimberly Ross at FordHarrison.
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3 Trends From AI-Related Securities Class Action Dismissals
A review of recently dismissed securities class actions centering on artificial intelligence highlights courts' scrutiny of statements about AI's capabilities and independence, and sustained focus on issues that aren't AI-specific, say attorneys at Alston & Bird.
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Compliance Pointers Amid Domestic Terrorism Clampdown
A recent presidential memorandum marks a shift in federal domestic-terrorism enforcement that should prompt nonprofits to enhance diligence related to grantees, vendors and events, and financial institutions to shore up their internal resources for increased suspicious-activity monitoring and reporting obligations, say attorneys at Morgan Lewis.
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5 Evolving Marketing Risks That Finance Cos. Should Watch
Financial services providers should beware several areas where consumer protection regulators are broadening their scrutiny of modern marketing practices, such as the use of influencer testimonials or advertisements touting artificial intelligence-powered products, so they can better adapt to changing expectations for compliance, say attorneys at Hinshaw.
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CFTC, SEC Joint Statement Highlights New Unity On Crypto
The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission's recent joint statement announcing a cross-agency initiative enabling certain spot crypto-asset products to trade on regulated exchanges is the earliest and most visible instance of interagency cooperation on crypto regulation, say attorneys at Morgan Lewis.
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Regulatory Uncertainties Loom As Fed Ends Crypto Oversight
The Federal Reserve Bank's recently ended crypto supervisory program headlines other recent federal actions from Congress, the White House and relevant agencies that may complicate financial institutions' digital-asset use and attendant compliance strategies, say attorneys at Buchalter.
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What The New Nondomiciled-Trucker Rule Means For Carriers
A new Federal Motor Carrier Safety Administration interim final rule restricting states' issuance of commercial drivers licenses to nondomiciled drivers does not alter motor carriers' obligations to verify drivers' qualifications, but may create disruptions by reducing the number of eligible drivers, say attorneys at Benesch.
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EU-US Data Transfer Ruling Offers Reassurance To Cos.
The European Union General Court’s recent upholding of the EU-U.S. Data Privacy Framework in Latombe v. European Commission, although subject to appeal, provides companies with legal certainty for the first time by allowing the transfer of European Economic Area personal data without relying on alternative mechanisms, say lawyers at Wilson Sonsini.
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Opinion
SEC Arbitration Shift Is At Odds With Fraud Deterrence
The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller.