Judge Tells FDIC 'Whistleblower' To Stop Texting Gov't Attys

By Jared Foretek

A D.C. federal judge threatened a self-proclaimed Federal Deposit Insurance Corp. "whistleblower" with criminal referral if he reaches out to the agency's lawyers again, calling his claim that one attorney was trying to frame him with sending "harassing" messages sent to the attorney's wife "patently ridiculous."

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Ex-Goldman Partner, Star Witness In 1MDB Trial, Gets 2 Years

By Stewart Bishop

Former Goldman Sachs partner and star 1MDB prosecution witness Tim Leissner was sentenced Thursday to two years in prison for his role in a global conspiracy to siphon more than $2.7 billion for bribes and kickbacks from the Malaysian sovereign wealth fund in order to facilitate Goldman-backed bond deals.

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Baltimore Drops CFPB Suit Amid Denials Of Defunding Plan

By Jon Hill

The city of Baltimore on Thursday moved to drop its lawsuit seeking to bar Trump administration officials from stripping unused funds from the Consumer Financial Protection Bureau, calling off the case while preserving the right to refile later.

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Judge Challenges Visa's Bid To Dismiss DOJ Antitrust Suit

By Bryan Koenig

A New York federal judge on Thursday questioned whether Visa Inc. is inappropriately raising factual disputes in its motion to dismiss U.S. Justice Department claims that the company has illegally maintained a monopoly in the market for debit card networks.

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House Introduces CFTC-Focused Crypto Market Structure Bill

By Aislinn Keely

A bipartisan group of House lawmakers introduced a long-awaited proposal to regulate crypto markets on Thursday that would establish a registration path at the U.S. Commodity Futures Trading Commission and codify the boundaries of jurisdiction between commodities and securities regulators.

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2nd Circ. Upholds KeyBank Adviser's $1.1M Defamation Win

By Jessica Corso

The Second Circuit on Thursday upheld a $1.1 million award against a brokerage firm accused of making defamatory remarks about a former employee, ruling that Financial Industry Regulatory Authority arbitrators did not disregard the law in handing down the punishment.

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Javice Request To Sink Guilty Verdict Turned Aside By Judge

By Pete Brush

A Manhattan federal judge declined on Thursday to toss a verdict convicting Frank founder Charlie Javice of tricking JPMorgan Chase into buying the student aid startup for $175 million, saying he properly declined to sever her trial from that of her co-defendant.

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Brief

Wells Fargo Settles Suit Over Online Wire Fraud Protections

By Gina Kim

Wells Fargo has settled a proposed class action alleging it failed to properly investigate and reimburse mobile banking customers who reported scammers stole money from their accounts through fraudulent wire transfers, according to a notice filed Wednesday in California federal court. 

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Brief

11th Circ. Won't Revive Antitrust Claims Against Suns Owner

By Nadia Dreid

The Eleventh Circuit isn't going to touch a lower court order that tossed an antitrust case against the owner of the NBA's Phoenix Suns and his company, United Wholesale Mortgage LLC, over an alleged boycott.

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Brief

South Korean Insurer Sues To Enforce $14M Judgment In NY

By Elaine Briseño

The Korea Deposit Insurance Corp. has urged a New York federal court to recognize and enforce a $14.4 million judgment it secured in South Korea against a man who defaulted on a bank loan.

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Japan's NTT Docomo Launches Offer Valuing Bank At $5.1B

By Al Barbarino

NTT Docomo, the mobile unit of Japanese telecom giant Nippon Telegraph & Telephone, on Thursday announced a tender offer to acquire shares of SBI Sumishin Net Bank Ltd., valuing the online bank at approximately 739 billion yen ($5.1 billion).

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Simpson Thacher, Skadden, Mayer Brown Guide $4B Rail Deal

By Rae Ann Varona

Wells Fargo, represented by Simpson Thacher & Bartlett LLP, unveiled Thursday a $4.4 billion deal to sell its rail assets to a joint venture formed between Mayer Brown LLP-led GATX and Brookfield Infrastructure Partners, which is advised by Skadden Arps Slate Meagher & Flom LLP.

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Brief

Alston & Bird, Smith Mackinnon Steer $710M Fla. Bank Deal

By Katryna Perera

The holding company for Seacoast National Bank said Thursday that it would acquire Villages Bancorporation Inc., the holding company of Citizens First Bank based in The Villages, Florida, for approximately $710 million in a deal guided by Alston & Bird LLP and Smith Mackinnon PA.

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Fla. Bill May Curb Suits Over Late-Night Collections Emails

A recently passed Florida bill exempting email communications from the Florida Consumer Collection Practices Act's quiet hours ban may significantly reduce frivolous lawsuits aimed at creditors and debt collectors who use email communications to collect outstanding balances from consumers, say attorneys at Holland & Knight.

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Series

Brazilian Jiujitsu Makes Me A Better Lawyer

Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.

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Jenner & Block Fights DOJ Motion Over Exec Order

By Jake Maher

Jenner & Block LLP on Friday fought a bid from the U.S. Department of Justice to carve out part of a March executive order targeting the firm after the bulk of the order was tossed last week, in a dispute that could relate to future actions against the firm.

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Trump Blames Federalist Society For Trade Court Loss

By Cara Bayles

President Donald Trump blamed his recent, short-lived loss in the U.S. Court of International Trade both on judges he accused of hating him as well as on the Federalist Society — the conservative legal group that helped him with judicial selection during his first term — in a Truth Social post highlighting tensions within the conservative legal and political movements.

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AI Video Pushes Boundaries Of Victim Impact Statements

By Sarah Martinson

At the beginning of May, an Arizona state court judge permitted an artificial intelligence-generated victim impact statement of a deceased victim at a sentencing hearing, leaving some attorneys concerned about how admitting these types of videos might affect sentencing in other cases.

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Workplace Bullying Can't Be A Rite Of Passage For Attys

By Andrea Keckley

As more than half of young lawyers cite workplace toxicity as the reason they left their jobs, a panel of attorneys said Friday that many of the professionals they've listened to aren't willing to dismiss bullying as a rite of passage.

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Trump Taps Paul Ingrassia To Lead Special Counsel's Office

By Courtney Bublé

President Donald Trump has nominated Paul Ingrassia, a lawyer and former right-wing writer, to lead the Office of Special Counsel after firing the previous one.

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More Californians Face Legal Issues, But Get Less Help

By Jack Karp

The gap between the need for civil legal services for Californians and the help that is actually available has grown over the past five years, as has the income level of those affected by that gap, according to a new study from the State Bar of California.

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AI Not Slowing Down Despite Ethical Risks, Experts Say

By Andrea Keckley

Following its rapid evolution in the past half-year alone, McDermott Will & Emery LLP Chief Information Officer Michael Shea predicted during a panel conversation Friday that artificial intelligence tools would see "pretty significant changes" over the next 12 months despite the challenges of putting guardrails around them.

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Analysis

Wheeling & Appealing: The Latest Must-Know Appellate Action

By Jeff Overley

Saying that June's circuit court calendars include important arguments in all practice areas would be hyperbolic — but just slightly. That's because significant showdowns are imminent, involving appellate procedure principles, "click-to-cancel" rules, government procurement protests, judiciary employment protections and litigation risk insurance — as well as President Donald Trump's felony convictions and extraordinary deportation measures.

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Law360's Legal Lions Of The Week

By Kevin Penton

Clement & Murphy PLLC leads this week's edition of Law360 Legal Lions, after a D.C. federal judge struck down President Donald Trump's executive order targeting WilmerHale.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

An investor is asking the Delaware Supreme Court to review the constitutionality of a new state law that broadens the protection of corporations in shareholder suits. And hundreds of general counsel are joining an online forum to stand up for the rule of law after President Donald Trump's executive orders against several corporate law firms.

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Titans Of The Plaintiffs Bar: Philippe & Jennifer Selendy

By Yun Park

Philippe and Jennifer Selendy, who met as associates at Cravath Swaine & Moore LLP and married in 1997, each spent nearly three decades building distinguished legal careers. They now continue their partnership at Selendy Gay PLLC, founded in 2018, which has quickly grown into one of the nation's leading litigation firms, recovering more than $47 billion for their clients.

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