Capital One Says It Is Disputing FDIC Underpayment Claim

By Jon Hill

Capital One told investors on Thursday that the Federal Deposit Insurance Corp. is trying to make it pay a greater share of cleanup costs from the 2023 regional banking crisis after taking issue with its call reporting, an effort the bank said it is pushing back on.  

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3 DOJ Attys Face Bar Complaints Over CFPB Representation

By Hailey Konnath

A legal watchdog group Thursday lodged bar complaints against a trio of U.S. Department of Justice lawyers, accusing them of making misleading and false statements in court filings while defending the Trump administration in litigation over its attempt to dismantle the Consumer Financial Protection Bureau.

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Ex-FDIC Chair 'Livid' Over Toxic Workplace Claims, OIG Says

By Sarah Jarvis

An investigation by the Federal Deposit Insurance Corp.'s inspector general has found evidence that former Chair Martin Gruenberg and four unnamed ex-senior officials "personally engaged in some degree of inappropriate workplace conduct," in the latest report on the sexual harassment and toxic workplace scandal that erupted into public view nearly two years ago.

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Dems Press OCC Head On Regulating Trump's Crypto Biz

By Sarah Jarvis

Top Senate Democrats on banking and financial committees urged the Comptroller of the Currency Thursday to detail how he will address the potential for interference by President Trump now that the agency is charged with regulating stablecoins like the one the president's family has launched.

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SEC's Atkins Launches 'Project Crypto' To Overhaul Policy

By Aislinn Keely

U.S. Securities and Exchange Commission Chairman Paul Atkins said Thursday that he's mobilized staff across the agency to craft rules and exemptions for digital assets, a plan aimed at bringing the crypto industry back onshore with a recent set of White House recommendations serving as the "blueprint."

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Brief

Fed Joins In Letting Banks Use Third-Party Customer ID Info

By Jon Hill

The Federal Reserve on Thursday relaxed a post-Sept. 11 identity check rule for banks under its oversight, joining other federal financial regulators in allowing the use of certain information provided by third-party sources.

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Lloyd's, Loan Provider Settle $3M Pitcher Coverage Feud

By Elaine Briseño

Lloyd's of London underwriters and loan service provider RockFence Baseball LLC have settled their dispute over coverage for the $3.16 million loan of a former Minnesota Twins pitcher, after a California federal judge ordered the parties into arbitration in January 2024.

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Fintech, BofA, JPMorgan Face Class Suit Over Cyberattack

By Emilie Ruscoe

Financial software company Finastra Technology Inc., Bank of America and JPMorgan Chase Bank NA face a proposed class action alleging they failed to properly safeguard customers' personal information that was exposed by a data breach.

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NC Judge Questions Barings' Bid For Ex-Employees' Emails

By Hayley Fowler

A North Carolina business court judge seemed leery Thursday of forcing former Barings' employees to fork over their personal emails and text messages as part of a deposition notice, suggesting Barings was trying to bypass U.K. law to get information from a foreign witness in its suit alleging former executives conducted a "corporate raid" to start a competing credit platform.

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Deals Rumor Mill

NYSE Parent May Buy Enverus For $6B, Plus More Rumors

By Al Barbarino

A Milwaukee-based advisory firm is in late talks for a stake sale at a $1 billion valuation, Black Rock Coffee Bar files confidentially for an initial public offering at a similar value, and the Intercontinental Exchange is in talks to buy Enverus for $6 billion. Here, Law360 breaks down these and other notable rumors from the past week.

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How Banks Can Harness New Customer ID Rule's Flexibility

Banking regulators' update to the customer identification process, allowing banks to collect some information from third parties rather than directly from customers, helps modernize anti-money laundering compliance and carries advantages for financial institutions that embrace the new approach, say attorneys at Bradley Arant.

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Series

Playing Soccer Makes Me A Better Lawyer

Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.

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Legal Job Sector Continued 5-Month Growth Streak In July

By Tracey Read

For the fifth straight month, the U.S. legal industry experienced job growth, adding 600 positions in July, according to preliminary data released on Friday by the U.S. Bureau of Labor Statistics.

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Brief

Test-Taker's Collapse At NY Bar Exam Sparks Criticism

By Anna Sanders

New York bar-takers were allegedly forced to continue the test after witnessing a Fordham University School of Law graduate suffer a medical incident and receive CPR while she took the exam, according to the school and accounts posted online by people who said they were present.

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DC Panel Calls For Former DOJ Official Clark's Disbarment

By Phillip Bantz

The majority of a Washington, D.C., lawyer ethics panel has called for the disbarment of Jeffrey Clark, a White House official and ally of President Donald Trump, over his efforts to overturn the 2020 presidential election.

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NJ Court Will Mull Legality Of Habba's US Atty Appointment

By Lauren Berg

If Alina Habba was illegally appointed acting U.S. attorney in New Jersey, a pair of defendants in a drug trafficking case are not entitled to dismissal of the indictment, but it "appears appropriate" that Habba would be barred from prosecuting them, a federal judge ruled Friday.

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Politics And Privacy Laws Collide 5 Years After Salas Shooting

By Jack Karp

Five years after a disgruntled litigant killed a New Jersey federal judge's son at their home, experts and judges disagree over whether the judicial privacy laws enacted following the shooting are doing much to protect jurists, while political leaders' heated rhetoric makes for an even more dangerous landscape for judges.

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Analysis

Wheeling & Appealing: Midyear Highlights For Every Circuit

By Jeff Overley

In this special edition of Wheeling & Appealing, we're spotlighting key decisions and developments in every circuit court during the first half of 2025, while also previewing August's most intriguing oral arguments, including a remarkably "fierce" showdown between Edible Arrangements and 1-800-Flowers with millions of dollars in attorney fees on the line.

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1st Circ. Doubtful Of Trump's Stance On Birthright Citizenship

By Chris Villani

The First Circuit on Friday seemed inclined to say that the children of unauthorized immigrants are citizens if they were born on U.S. soil, citing both the 14th Amendment and a subsequent U.S. Supreme Court ruling and pushing back on an argument by President Donald Trump's administration.

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Brief

Ex-Copyright Chief Appeals Denial Of Reinstatement Bid

By Elliot Weld

The former head of the U.S. Copyright Office will appeal a D.C. federal judge's denial of her request to be immediately reinstated to her former position after she was fired by President Donald Trump while her suit remains pending.

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NY Law Mandating Judicial Fine Declared Unconstitutional

By Madison Arnold

A New York state appeals court has declared unconstitutional a statute that mandates a judge forfeit $1,000 to a plaintiff if the judge refuses to issue a writ of habeas corpus.

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Monthly Merger Review Snapshot

By Matthew Perlman

The U.S. Department of Justice abandoned its challenge of a corporate travel management deal, while lawmakers are calling for scrutiny of the agency's recent decision to settle a different case, and the Federal Trade Commission agreed to nix the requirements placed on a pair of oil and gas deals.

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The Top In-House Hires Of July

By Michele Gorman

Legal department hires over the past month included high-profile appointments at Warner Bros. Discovery, Deutsche Bank and Kroger. Here, Law360 Pulse looks at some of the top in-house announcements from July.

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UK Litigation Roundup: Here's What You Missed In London

By Max Austin

This past week in London has seen several telco giants hit with a trademark claim, a collapsed hotel company sue a property investor in an ongoing dispute over a decades-old hotel sale, and two litigation funders square off against each other.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Department store retailer Dillard's has asked for a special shareholder's vote on Aug. 19 on management's plan to move its incorporation from Delaware to Texas, becoming the latest company to join the so-called DExit trend.

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Law360's Legal Lions Of The Week

By Kevin Penton

Cravath Swaine & Moore LLP and Faegre Drinker Biddle & Reath LLP lead this week's edition of Law360 Legal Lions, after a Ninth Circuit panel affirmed Epic Games Inc.'s 2023 antitrust jury trial win, along with an injunction requiring Google to open its Google Play Store to rivals.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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