Fintech

  • February 10, 2026

    From Prison, Bankman-Fried Requests New Trial

    FTX founder Sam Bankman-Fried requested a new trial in a pro se motion made public on Tuesday that accused Manhattan federal prosecutors of leveraging "intimidation and threats to scare off defense witnesses" who he claims could have cast doubt on the government's narrative about the misappropriation of funds and insolvency that left customers unable to withdraw their funds from the crypto exchange. 

  • February 10, 2026

    SafeMoon CEO Gets Over 8 Years For Crypto Investor Fraud

    A Brooklyn federal judge on Tuesday sentenced the former CEO of SafeMoon to more than eight years in prison, following his conviction at trial of conspiring to defraud investors out of millions of dollars by lying to them about how the cryptocurrency firm used their funds.

  • February 10, 2026

    Financial Services Forum Taps Ex-Truist Exec For GC

    Banking industry group Financial Services Forum has hired a general counsel who most recently was a senior Truist Financial Corp. lawyer and who previously worked at the Federal Reserve Board of Governors as senior counsel in its legal division.

  • February 10, 2026

    AI Platform Duo Accused Of Crypto Rug Pull, Faked Suicide

    A pair of cryptocurrency developers face a suit accusing them of extracting about $50 million from a rug-pull scheme on investors in their purported artificial intelligence venture, which ended with the scheme's collapse and one of the developers faking his own death.

  • February 10, 2026

    'Pig Butchering' Fugitive Gets 20 Years For $73M Crypto Scam

    A dual citizen of China and Saint Kitts and Nevis was sentenced in absentia to 20 years in prison and three years supervised release for his role in an international money laundering scheme that laundered over $73 million worth of criminal proceeds obtained through so-called "pig butchering" cryptocurrency investment scams.

  • February 10, 2026

    Robinhood Asks Justices To Rein In Pre-IPO Disclosure Suits

    Robinhood Markets Inc. is asking the U.S. Supreme Court to hear an investor dispute stemming from its $2.1 billion initial public offering, arguing that the Ninth Circuit's decision to revive the lawsuit "exposes companies seeking to go public to expansive liability."

  • February 10, 2026

    NC Justices Told Not To Disturb Lindberg's $122M Penalty

    A group of insurance companies that say convicted billionaire Greg Lindberg is responsible for their "financial ruin" are fighting to keep in place a $122 million contempt order against him, telling North Carolina's highest court there's no compelling reason to review the decision.

  • February 10, 2026

    Fintech Group Of The Year: Paul Hastings

    Paul Hastings LLP's fintech work has spanned the industry in the past year, from leading FTX's official committee of unsecured creditors through a historic crypto bankruptcy, to counseling Wyoming through the launch of the first state-issued stablecoin and shaping the earned wage access dialogue with its representation of EarnIn, securing its place among the 2025 Law360 Fintech Groups of the Year.

  • February 10, 2026

    AI Docs Sent By Exec To Attys Not Privileged, Judge Says

    A Manhattan federal judge said Tuesday that a Texas financial services executive accused of a $150 million fraud cannot claim privilege over documents that he prepared using an artificial intelligence service and sent to his attorneys — but suggested the materials could be problematic if used at trial.

  • February 09, 2026

    Coinbase Loses Bid To Keep 'Status Quo' Amid Nevada Action

    A Nevada federal judge has declined to grant an emergency request from Coinbase that would have allowed it to maintain the "status quo" and continue operating in the state until a bid from Nevada's casino regulator seeking to halt the crypto exchange's alleged offering of "unlicensed wagering" to state residents until it obtains a state gaming license is resolved.

  • February 09, 2026

    Prime Core Sues SFox For $2.6M Clawback In Crypto Ch. 11

    The litigation trust for bankrupt cryptocurrency custodian Prime Core Technologies Inc. is seeking to claw back $2.6 million of preferential transfers from one of the company's former end users, stablecoin platform sFox Inc.

  • February 09, 2026

    Crypto Investor's $16M Case Ousted From Chancery

    The Delaware Chancery Court on Monday dismissed a cryptocurrency investor's lawsuit accusing a group of crypto entities and insiders of engineering a $16 million "pump and dump" scheme, ruling the claims were not properly brought in equity and belong, if anywhere, in the Delaware Superior Court instead.

  • February 09, 2026

    Catching Up With Delaware's Chancery Court

    Delaware's chancellor has rejected a bid for dismissal of a derivative suit accusing Coinbase Global Inc. insiders of massively unloading shares ahead of a steep stock drop, stressing a special litigation committee's failure to meet independence standards.

  • February 09, 2026

    Baker Donelson Adds CFPB Founding Atty In DC

    A founding member of the Consumer Financial Protection Bureau who co-founded and spent the past 2½ years as co-leader of boutique SeldenLindeke LLP, has joined Baker Donelson Bearman Caldwell & Berkowitz PC in Washington, D.C., as a shareholder, the firm announced Monday.

  • February 09, 2026

    Fintech Group Of The Year: Cleary

    Cleary Gottlieb Steen & Hamilton LLP's attorneys recently secured landmark victories for leaders of some of the largest digital asset companies, defeating the U.S. Securities and Exchange Commission in precedent-setting enforcement actions, securing billions in recoveries in a bankruptcy and shaping regulatory frameworks for the future of fintech, earning the firm a place among the 2025 Law360 Fintech Groups of the Year.

  • February 09, 2026

    Blockchain Co. Archblock Files Ch. 11 With Debt Over $100M

    Blockchain financial technology company Archblock LLC filed for Chapter 11 bankruptcy relief in Delaware, listing more than $100 million in liabilities and less than $10 million in assets.

  • February 09, 2026

    Polymarket Sues Mass. To Halt Potential Sports Market Ban

    Polymarket filed a lawsuit Monday seeking to block Massachusetts from enforcing its sports gambling laws against the prediction market.

  • February 06, 2026

    WithU, Scratchpay Sued Over Alleged 568% Loan Interest Rate

    Online direct lender WithU and California fintech platform Scratchpay were hit with a proposed class action in Washington federal court on Friday by a consumer who claims he was cornered into borrowing a loan with a nearly 568% interest rate to pay for his cat's cancer treatment.

  • February 06, 2026

    Paycheck Advances Aren't Loans, Fintech Orgs Tell 9th Circ.

    Fintech trade groups on Friday urged the Ninth Circuit to rein in class litigation over earned wage access products, arguing it should recognize the products as distinct from credit under federal lending laws or risk upending a popular, safer alternative to traditional loans.

  • February 06, 2026

    Kalshi Says CFTC Backs Sports Bets Without Tribal Regs

    Prediction market platform Kalshi has told a Wisconsin federal court that the U.S. Commodity Futures Trading Commission's chair has thrown his support behind the agency's view that it has exclusive jurisdiction over the event contracts at issue in a Native American tribe's case against the company.

  • February 06, 2026

    Linqto Gets OK For Ch. 11 Plan With Stock Deal

    A Texas bankruptcy judge Friday agreed to approve Linqto's Chapter 11 plan, finding it had overwhelming creditor support and overruling objections from the defunct private investment platform's onetime leader.

  • February 06, 2026

    MeridianLink Sued In Del. For Share Price In $2B Acquisition

    Two institutional stockholders of financial software platform venture MeridianLink sued on Friday for a Delaware Court of Chancery valuation of their shares at the time of the company's $2 billion, Aug. 11, 2025, acquisition by a merger affiliate of Centerbridge Partners LP.

  • February 06, 2026

    CFTC Updates Crypto Collateral Letter For Bank Stablecoins

    The U.S. Commodity Futures Trading Commission on Friday tweaked an earlier no-action letter on the use of tokenized collateral to clarify that stablecoins issued by national trust banks are among the list of approved digital assets.

  • February 06, 2026

    Kalshi Given 30 Days To End New Sports Wagers In Mass.

    A Massachusetts state court on Friday gave Kalshi 30 days to comply with a preliminary injunction barring the prediction market from offering new sports-related event contracts to state residents, denying a request for a stay pending an anticipated appeal.

  • February 06, 2026

    Prediction Markets Expand Wall St. Cops' Insider Trading Beat

    As traders flock to platforms that allow them to speculate on everything from Super Bowl ad placements to political shakeups, regulators and law enforcement face increasing pressure to crack down on newly expanded opportunities for insider trading.

Expert Analysis

  • 7 Ways In-House Counsel May Unearth Red Flags In AI M&A

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    In-house counsel and executives conducting M&A due diligence in the artificial intelligence arena can surface hidden liabilities and avoid problems or divestitures by adopting strategies in key areas, including intellectual property provenance and postclose risk management, say attorneys at Reed Smith.

  • Decoding The SEC's Plans To Revitalize The US IPO Market

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    Chairman Paul Atkins' recent speech showcased the U.S. Securities and Exchange Commission's plans to ease certain disclosure burdens, rein in politicized shareholder voting and mitigate litigation risk, which could encourage more U.S. companies to seek public listings stateside and make U.S. stock exchanges more competitive for foreign companies, say attorneys at Baker McKenzie.

  • Banking Regulation Themes To Anticipate In 2026

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    The banking enforcement and rulemaking agenda for this year is likely to reflect a mix of targeted reform, deregulatory recalibration and new priorities aligned with supervisory modernization, says Kim Prior at King & Spalding.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q4

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    The regulatory and litigation developments for California financial institutions in the fourth quarter of 2025 were incremental but consequential, with the Department of Financial Protection & Innovation relying on public enforcement actions to articulate expectations, and lawmakers and privacy regulators playing a role as well, says Stephen Britt at Stinson.

  • Series

    Fly-Fishing Makes Me A Better Lawyer

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    Much like skilled attorneys, the best anglers prize preparation, presentation and patience while respecting their adversaries — both human and trout, says Rob Braverman at Braverman Greenspun.

  • 4 Ways GCs Can Manage Growing Service Of Process Volume

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    As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q4

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    In the fourth quarter of last year, New York state enacted several developments that affect financial services regulation and business, cementing upcoming compliance obligations including cybersecurity best practices and retail stores' cash management, says Chris Bonner at Barclay Damon.

  • IP Appellate Decisions Show 4 Shifts In 2025

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    In 2025, intellectual property decisions issued by the Ninth, D.C., and Federal Circuits trended toward tightening doctrinal boundaries, whether to account for technological developments in existing legal regimes, or to refine areas with some ambiguity, says Nate Sabri at Perkins Coie.

  • Series

    The Law Firm Merger Diaries: Forming Measurable Ties

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    Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.

  • How 2025 Executive Orders Are Reshaping Consumer Finance

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    In 2025, President Donald Trump used executive orders to initiate a reversal of policies on fair lending, urge agencies to use enforcement and supervisory tools to police debanking, and reduce consumer financial regulation — and the resulting flurry of deregulatory activity will likely continue in 2026, says Elizabeth Tucci at Goodwin.

  • Del. Dispatch: What Tesla Decision Means For Exec Comp

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    The recent Delaware Supreme Court decision granting Tesla CEO Elon Musk his full pay, now valued at $139 billion, following a yearslong battle appears to reject the view that supersized compensation may be inherently unfair to a corporation and its shareholders, say attorneys at Fried Frank.

  • 5 E-Discovery Predictions For 2026 And Beyond

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    2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.

  • Where States Jumped In When SEC Stepped Back In 2025

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    The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.

  • What's On Deck In Tribal Nations' Prediction Markets Litigation

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    Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.

  • Reviewing Historical And Recent NYDFS Blockchain Guidance

    Excerpt from Practical Guidance
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    An industry letter released in the fall by the New York State Department of Financial Services, together with guidance issued over the past decade, signals a heightened regulatory expectation for covered institutions regarding the use of blockchain analytics and requires review, says Nicole De Santis at Nomadis Consulting.

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