Binance and its former CEO Changpeng Zhao have asked a Manhattan federal court to toss the last remaining claim in a lawsuit alleging the cryptocurrency exchange aided and abetted the terrorist group Hamas' attack in Israel, saying recent decisions in similar cases support dismissal.
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TOP NEWS

Binance Wants Last Claim Tossed In Hamas Victims' Suit

By Sydney Price

Binance and its former CEO Changpeng Zhao have asked a Manhattan federal court to toss the last remaining claim in a lawsuit alleging the cryptocurrency exchange aided and abetted the terrorist group Hamas' attack in Israel, saying recent decisions in similar cases support dismissal.

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Boeing's 737 Max Deceit Cost Airline Over $150M, Jury Told

By Rachel Riley

Counsel for LOT Polish Airlines kicked off trial in a fraud suit against Boeing on Monday, telling a Seattle federal jury that the aerospace giant caused more than $150 million in losses after 737 Max jets the airline leased became "giant paperweights" amid a global grounding tied to two catastrophic crashes.

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Trump Asks Federal Circuit To Pause Trade Court Tariff Ruling

By Hailey Konnath

President Donald Trump on Monday asked the Federal Circuit to block the U.S. Court of International Trade's order last week deeming his temporary global 10% tariffs unlawful, arguing the trade court misinterpreted the legislative history of the Trade Act.

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POLICY & REGULATION

Brief

FCC Exempts Aircraft Security Sensor In Restricted Band

By Elaine Briseño

The Federal Communications Commission on Monday granted a waiver to an artificial intelligence surveillance company for the types of signals it can emit, finding it would serve the public by providing critical aviation security.

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FCC Plans First FM Radio Auction Since Authority Was Renewed

By Christopher Cole

The Federal Communications Commission said Monday it will sell off construction permits for 132 FM radio channels, the first auction of its kind in years.

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LITIGATION

Chinese Co. Challenges DOD's 'Chinese Military' Designation

By Hailey Konnath

A Chinese "internet of things" provider says it's been unlawfully and incorrectly designated as a "Chinese military company" despite having no connection to the Chinese military, according to a suit filed in D.C. federal court Monday.

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NC Tech Co. Says Supplier Botched Raytheon Battery Deal

By Elaine Briseño

A manufacturer hired by defense contractor Raytheon to develop 270-volt battery packs for powering a weapon on the military's Apache helicopters has accused a business partner of repeatedly failing to meet various delivery deadlines for parts needed to produce the units.

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Brief

Fed. Circ. Won't Rehear NASA Contractor Patent Fight

By Aneeta Mathur-Ashton

The Federal Circuit declined to reconsider its ruling siding with a district court's decision to grant summary judgment to a NASA contractor over claims the contractor infringed a rotary wing vehicle patent owned by two California brothers.

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Kalshi To Take Arizona Injunction Bid To 9th Circ.

By Aislinn Keely

Kalshi Inc. on Monday told the federal court overseeing its sports contract brawl with Arizona regulators that it's appealed an order denying its request to enjoin Arizona officials from enforcing state gaming laws against it to the Ninth Circuit.

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GAO

GAO Backs Navy's Rejection Of Bid Citing Subcontractor Work

By Elaine Briseño

The U.S. Government Accountability Office denied the protest of a firm excluded from competing for an HVAC equipment systems contract at U.S. Navy military installations, saying the business, not a subcontractor, must have the relevant previous construction experience.

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DEALS & CONTRACTS

Cowboy Space Hits $2B Valuation After $275M Funding Round

By Jade Martinez-Pogue

Orbital infrastructure company Cowboy Space Corp., led by Fenwick & West LLP, on Monday announced that its valuation soared to $2 billion after it closed its most recent funding round with $275 million in tow.

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EXPERT ANALYSIS

Contract Disputes Recap: Notice, Timeliness, Jurisdiction

Three recent cases from the Armed Service Board of Contract Appeals provide insights about the impact of defects in a government notice of appeal rights, timeliness exceptions and limits on the board's jurisdiction to enforce a settlement agreement, say attorneys at Seyfarth.

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Binance Win Shows Constraints On Anti-Terrorism Act Claims

The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.

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Understanding The Insider Trading Gap In Prediction Markets

While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.

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Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

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LEGAL INDUSTRY

How They Won It

Attys For Tufts Profs Didn't Blink In A Tenure Standoff

By Julie Manganis

When Jennifer Henricks and Kevin Peters first learned what was happening to tenured professors at Tufts University School of Medicine in Boston a few years ago, they knew that what was at stake involved more than just a dispute over the terms of a contract.

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Palestinian Ex-Associate Slaps DLA Piper With Bias Claim

By Lynn LaRowe

DLA Piper has been hit with a federal civil rights lawsuit in Illinois from a former summer associate alleging discrimination, a hostile work environment and retaliation based on her identity as a Palestinian, Gazan, Arab and Muslim woman.

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Fired Immigration Judge Says Trump Can't Skirt Bias Laws

By Grace Elletson

A former immigration judge urged a D.C. federal court not to throw out her bias suit challenging her firing, arguing the U.S. Department of Justice was pushing the "breathtaking proposition" that the president was empowered to commit unlawful discrimination.

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Law Student Can't Get School To Nix Kirk Comment Discipline

By Mike Curley

A Texas federal judge on Tuesday said the court cannot force Texas Tech University's leaders to rescind a reprimand against a law student who allegedly celebrated following the death of Charlie Kirk, as the university has sovereign immunity.

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Michigan Dems Noncommittal On Trump's Judicial Pick

By Courtney Bublé

Michigan's two Democratic senators played it coy on Tuesday when asked if they would support the district court nominee for their state that the president announced the night before.

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PayPal Settles Gov't DEI Probe With Small Biz Program

By Sarah Jarvis

The U.S. Department of Justice announced Tuesday that it has reached a settlement with PayPal Inc. to end an investigation into what the department said was a discriminatory investment program for Black- and minority-owned businesses.

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COMPANIES IN TODAY'S NEWS

AeroVironment Inc.

American Association of University Professors

Andreessen Horowitz LLC

Apache Inc.

Basic Fun Inc.

Binance Holdings Ltd.

Binance.US

Breakthrough Energy

Danske Bank Group

Deutsche Bank AG

Ethiopian Airlines Enterprise

FedEx Corp.

Fun

Gallup Inc.

Guardian Life Insurance Co. of America

Index Ventures SA

International Business Machines Corp.

Kalshi Inc.

NVIDIA Corp.

New York University

Paypal Holdings Inc.

RTX Corp.

SAIC Inc.

Steward Health Care System LLC

The Boeing Co.

LAW FIRMS IN TODAY'S NEWS

Alden Law Group PLLC

Baker & Hostetler

Baker McKenzie

Barnes & Thornburg

Cleary Gottlieb

Condon & Forsyth

DLA Piper

Faegre Drinker

Fenwick & West

Fox Rothschild

Freshfields

Gesmer Updegrove

Johnson Jensen

K&L Gates

Kim & Lahey

McGuireWoods

Milbank LLP

Miles & Stockbridge

Partridge Snow

Perkins Coie

Perles Law Firm

Quarles & Brady

Seiden Law

Seyfarth Shaw

Skadden Arps

Snell & Wilmer

Steptoe LLP

Troutman

Wiley Rein

Withersworldwide

GOVERNMENT AGENCIES IN TODAY'S NEWS

Arizona Attorney General's Office

Commodity Futures Trading Commission

Commonwealth of Massachusetts

Defense Logistics Agency

Executive Office for Immigration Review

Federal Aviation Administration

Federal Communications Commission

Financial Crimes Enforcement Network

National Aeronautics and Space Administration

Office of Foreign Assets Control

Small Business Administration

U.S. Army

U.S. Army Corps of Engineers

U.S. Attorney's Office

U.S. Attorney's Office for the District of Arizona

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Defense

U.S. Department of Justice

U.S. District Court for the District of Arizona

U.S. District Court for the District of Columbia

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Texas

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Washington

U.S. Government Accountability Office

U.S. Navy

U.S. Postal Service

U.S. Securities and Exchange Commission

U.S. Supreme Court

Washington Attorney General's Office