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Fintech
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November 13, 2025
C3 AI Considers Sale After CEO Departs, Plus More Rumors
Artificial intelligence software provider C3 AI is exploring a sale after its founder and CEO stepped down earlier this year, British telecommunications provider SCG weighs a potential sale at a $1.07 billion valuation, and U.K.-based fintech company Iwoca is in talks about a sale that could value it at $1.34 billion.
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November 12, 2025
CFPB Forges Ahead On Rules As Funding Hangs In Doubt
The Consumer Financial Protection Bureau is rolling out plans to narrow how it defines and watches out for lending discrimination, even as the Trump administration casts fresh doubt on any plans to fund the agency once its reserves dry up.
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November 12, 2025
Feds Launch Crypto Scam Strike Force With New Sanctions
Federal authorities said Wednesday they have created a strike force targeting cryptocurrency-related fraud and scams originating in Southeast Asia, a development announced alongside the addition of a Burmese armed group to a list of entities under U.S. sanctions.
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November 12, 2025
Investor Accuses Cable Provider Of Unfair Buyout Proposal
A proposed buyout of cable operator WideOpenWest Inc. from its controlling shareholder is under fire in Colorado state court from an investor who claims the company's recent proxy statement fails to disclose the "troubling motivations and conflicts of interest" of WOW's executives and directors.
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November 12, 2025
Coinbase To Move To Texas, Citing 'Litigious' Delaware
Coinbase told the U.S. Securities and Exchange Commission on Wednesday that the cryptocurrency exchange is leaving Delaware to reincorporate in Texas, citing the "increasingly litigious environment in Delaware" and the Lone Star State's recently enacted laws that place numerous restrictions on shareholder suits and help shield executives from investor litigation.
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November 12, 2025
10th Circ. Reverses Halt Of Colo.'s Opt-Out Interest Rate Law
A Tenth Circuit majority has restored a Colorado law barring out-of-state banks from issuing loans that violate the state's interest rate caps on consumer lending, ruling in a matter of first impression that the opt-out provision of a federal interest rate law refers to loans in which either the lender or the borrower is located in the opt-out state.
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November 12, 2025
PTAB Officials Back Visa Win After Squires-Ordered Review
Three top Patent Trial and Appeal Board judges have rejected a patent owner's bid to undo the board's findings invalidating credential verification patent claims that Visa Inc. challenged, after U.S. Patent and Trademark Office Director John Squires asked them to take another look at the case.
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November 12, 2025
Fed. Circ. Won't Restore Payment Processing Patent Claims
The Federal Circuit on Wednesday affirmed the Patent Trial and Appeal Board's invalidation of claims from three CloudofChange LLC patents, two of which are involved in a separate multimillion-dollar lawsuit.
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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
Fintech StoneCo Investors Get First OK For $27M Settlement
Payment processing company StoneCo Ltd. and its investors have received preliminary approval from a New York federal judge of their $26.8 million settlement ending claims the company misled investors about its role in the failure of a merchant lending program it once offered in Brazil.
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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
Nasdaq Could Open Texas' 2nd Stock Exchange Next Year
Nasdaq on Wednesday announced plans to launch a Texas-based exchange in the hopes of joining a startup group that has already received permission to allow companies to publicly list in the Lone Star State next year.
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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
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 10, 2025
Law360 MVP Awards Go To Top Attorneys From 76 Firms
The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.
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November 10, 2025
SEC Accuses Ex-Fintech CEO Of $60M Fraud In SPAC Merger
Securities regulators sued the founder of Triterras Fintech in New York federal court, accusing him of misleading investors about Triterras' trade finance platform to secure a business combination with a special purpose acquisition company in November 2020, netting himself $60 million while investors suffered significant losses.
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November 10, 2025
Sen. Ag Committee Gives CFTC Crypto Oversight In Draft Bill
The U.S. Commodity Futures Trading Commission would have "exclusive jurisdiction" over so-called digital commodities under a discussion draft of legislation to regulate crypto markets released Monday by Senate Agriculture Committee Chairman John Boozman, R.-Ark., and Sen. Cory Booker, D.-N.J.
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November 10, 2025
Comenity Bank Owes $20M Over Dispute Handling, Jury Says
Comenity Capital Bank should pay more than $20 million to a California man who said his credit report disputes connected to identity theft were repeatedly mishandled, a federal jury has found.
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November 10, 2025
Blockchain Co. Brings Defamation Suit Against Short Seller
Blockchain-focused firm Datavault AI Inc. is suing an activist short seller for publishing a report the company said is "riddled with outright falsehoods, inflammatory accusations and cherry-picked half-truths" about an executive's past run-in with the U.S. Securities and Exchange Commission and the extent to which its blockchain is used.
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November 10, 2025
Kalshi, Robinhood Beat Tribes' Bid To Block Events Contracts
A California federal judge declined to issue a preliminary injunction on Monday blocking prediction platform Kalshi and Robinhood from offering their sports event contracts that some Native American tribes allege constitute illegal gambling, saying they have not shown how the platforms are subject to a statute protecting tribal gaming.
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November 10, 2025
IRS Sets Safe Harbor For Trusts Staking Digital Assets
Investment and grantor trusts can stake their digital assets — which can generate passive income — without losing their tax benefits if they meet certain requirements, including obtaining approval from the U.S. Securities and Exchange Commission to authorize such activities, the Internal Revenue Service said in a revenue procedure Monday.
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November 10, 2025
Biometric Security IP Owner Has Mixed Day In PTAB Appeals
CPC Patent Technologies lost its patent fights with Apple over biometric security technology at both the Federal Circuit and U.S. Supreme Court on Monday, but notched a win against Apple's business partner at the circuit court.
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November 10, 2025
Visa, Mastercard Cut New Deal Worth 'Well More Than $200B'
Visa, Mastercard and a class of potentially millions of merchants announced a new settlement Monday resolving two decades of antitrust litigation, which would permit more flexibility on what cards are accepted and would lower fees — with a five-year cap — to address a New York federal judge's concerns that an earlier version wasn't enough.
Expert Analysis
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When Atty Ethics Violations Give Rise To Causes Of Action
Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.
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CFIUS Trends May Shift Under 'America First' Policy
The arrival of the Committee on Foreign Investment in the United States' latest annual report suggests that the Trump administration's "America First" policy will have a measurable effect on foreign investment, including improved trendlines for investments from allied sources and increasingly negative trendlines for those from foreign adversary sources, say attorneys at Debevoise.
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How Novel Del. Ruling Tackled Crypto Jurisdiction
As courts grapple with cryptocurrency's borderless nature, the Delaware Court of Chancery's recent decision in Timoria v. Anis highlights the delicate balance between territorial jurisdiction and due process, and reinforces the need for practitioners to develop sophisticated, multijurisdictional approaches to digital asset disputes, say attorneys at Holland & Knight.
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What CFTC Push For Tokenized Collateral Means For Crypto
The Commodity Futures Trading Commission's recent request for comment on the use of tokenized products as collateral in derivatives markets signals that it is expanding the scope and form of eligible collateral, and could broaden the potential use cases for crypto-assets held in tokenized form, say attorneys at Dechert.
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Indiana Law Sets New Standard For Wage Access Providers
The recent enactment of a law establishing a comprehensive regulatory framework for earned wage access positions Indiana as one of the leading states to allow EWA services, and establishes a standard that employers must familiarize themselves with before the Jan. 1 effective date, say attorneys at Faegre Drinker.
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Series
Practicing Stoicism Makes Me A Better Lawyer
Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.
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Series
The Biz Court Digest: Texas, One Year In
A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.
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AG Watch: Illinois A Key Player In State-Level Enforcement
Illinois Attorney General Kwame Raoul has systematically strengthened his office to fill federal enforcement gaps, oppose Trump administration mandates and advance state policy objectives, particularly by aggressively pursuing labor-related issues, say attorneys at Troutman.
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Series
Law School's Missed Lessons: Educating Your Community
Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.
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Strategies For Merchants As Payment Processing Costs Rise
As current economic pressures and rising card processing costs threaten to decrease margins for businesses, retail merchants should consider restructuring how payments are made and who processes them within the evolving legal framework, says Tom Witherspoon at Stinson.
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Shifting Crypto Landscape Complicates Tornado Cash Verdict
Amid shifts in the decentralized finance regulatory landscape, the mixed verdict in the prosecution of Tornado Cash’s founder may represent the high-water mark in a cryptocurrency enforcement strategy from which the U.S. Department of Justice has begun to retreat, say attorneys at Venable.
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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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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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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.