Federal Reserve Gov. Lisa Cook Sues Trump To Block Firing

By Alison Knezevich

Federal Reserve Gov. Lisa Cook filed suit in federal court in Washington, D.C., on Thursday challenging President Donald Trump's "unprecedented and illegal attempt" to remove her from her position.

2 documents attached | Read full article » | Save to favorites »

PNC Urges Justices Not To Review Nixed USAA $218M Verdict

By Cara Salvatore

PNC Bank said the U.S. Supreme Court should not review a Federal Circuit decision erasing a $218 million patent infringement verdict for USAA, which has argued the case is essentially identical to another that resulted in an opposite ruling.

1 document attached | Read full article » | Save to favorites »

Truist, Ex-Execs Clash In Bids To End Poaching Dispute

By Abigail Harrison

Charlotte, North Carolina-based Truist Financial Corp. and its mortgage banking arm resisted a bid for a pretrial win by its former executives' new employer, arguing that troves of evidence sustain its claims that over 50 employees were illegally poached, costing the bank tens of millions of dollars in losses.

3 documents attached | Read full article » | Save to favorites »

'Still A Mess': Colo. Special Session Fails To Deliver AI Clarity

By Allison Grande

During its recently concluded special session, the Colorado Legislature extended the implementation deadline for the state's groundbreaking artificial intelligence law but failed to make any substantial changes to the legislation, leaving companies to face continued uncertainty on the scope of liability and other pressing issues.

Bill attached | Read full article » | Save to favorites »

Unions Urge Judgment Blocking DOGE's Agency Access

By Tim Ryan

Unions and advocacy groups asked a Washington, D.C., federal judge Thursday for a win before trial in their lawsuit claiming agencies unlawfully provided Elon Musk's Department of Government Efficiency access to sensitive data, saying the agencies departed from their usual data access procedures without explanation.

Summary Judgment attached | Read full article » | Save to favorites »

Compliance Atty Who Duped Lender Wants New Trial

By Emily Sawicki

A compliance lawyer convicted of pilfering from a $20 million line of credit that a subsidiary of Emigrant Bank extended to his tax-lien business has asked a Manhattan federal judge to order a new trial, arguing that prosecutors' evidence is insufficient and that the charges were "multiplicitous," in violation of the Fifth Amendment.

Motion attached | Read full article » | Save to favorites »

Justices Asked To Limit Private Investment Fund Suits

By Jessica Corso

A group of investment funds seeking to fend off a challenge from an activist investor are urging the U.S. Supreme Court to issue a ruling in the case that would end the ability of private parties to file contractual disputes under the Investment Company Act.

Brief attached | Read full article » | Save to favorites »

Judge Suggests Certifying Narrower US Bank Retiree Class

By Katryna Perera

A Minnesota federal magistrate judge has recommended granting certification to a narrowed class of U.S. Bank retirees who claim the bank unlawfully reduced their monthly pension payments upon early retirement, following the denial of a broader certification bid in April.

1 document attached | Read full article » | Save to favorites »

ATM Network Investment Was $700M Ponzi Scheme, Suit Says

By Sydney Price

Four individuals have been hit with a proposed class action from an investment advisory firm, accusing them of using purported investments in ATM networks to run a $700 million Ponzi scheme.

Complaint attached | Read full article » | Save to favorites »

'Bitcoin Infrastructure' SPAC Files Plans To Raise $200M

By Jade Martinez-Pogue

Special purpose acquisition company Bitcoin Infrastructure Acquisition Corp. Ltd. has filed plans with regulators to raise up to $200 million in an initial public offering, a move that follows a pair of crypto-focused special purpose acquisition companies that began trading on Wednesday amid surging interest in digital assets.

Read full article » | Save to favorites »

What FDIC's Asset Threshold Raise Would Mean For Banking

If the Federal Deposit Insurance Corp. goes through with its plan to raise asset thresholds that determine regulatory intensity, it could free billions in compliance costs and bolster regional and community banks, but risk of oversight gaps are making this a contested area in banking policy, says Jessica Groza at Kohr Jackson.

Read full article » | Save to favorites »

2nd Circ. Ruling Gives Banks Shield From Terrorism Liability

A recent Second Circuit dismissal strengthens the position of international banks facing claims they indirectly helped terrorist organizations and provides clearer guidance on the boundaries of secondary liability, but doesn't provide absolute immunity, say attorneys at Freshfields.

Opinion attached | Read full article » | Save to favorites »

Series

Coaching Cheerleading Makes Me A Better Lawyer

At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

Read full article » | Save to favorites »

Law360 Pulse Exclusive: The Billable Hour

In this package, Law360 Pulse explores the demand for rainmakers, the continued increase of hourly rates and whether artificial intelligence will finally kill the billable hour. For all Law360 readers, click to access a sample story: Why This Small-Firm Lawyer Charges $3,000 Per Hour.

Read full article » | Save to favorites »

JAG Corps Sent To DC To Fill 'Critical Vacancies'

By Courtney Bublé

Military attorneys are being sent to prosecute crimes in Washington, D.C., as the Trump administration seeks to beef up prosecutions in the nation's capital as part of the federal surge of law enforcement.

Read full article » | Save to favorites »

Judge Newman's Suspension Extended Once Again

By Ryan Davis and Theresa Schliep

Federal Circuit Judge Pauline Newman's suspension from hearing cases was extended by another year on Friday, in a unanimous opinion by the appeals court's 11 other judges.

Order attached | Read full article » | Save to favorites »

Q&A

'Be Careful,' New Mich. Chief Judge Tells Attys When Using AI

By Danielle Ferguson

Just weeks into the job, the new chief judge of the U.S. District Court for the Eastern District of Michigan is navigating challenges like an uptick in cases and the need for another magistrate judge, and has a word of warning for attorneys using artificial intelligence in their practice.

Read full article » | Save to favorites »

Analysis

M&A Attys Hand Tasks To 'Machines' In Careful Embrace Of AI

By Al Barbarino

Artificial intelligence is no longer just a back-office tool in mergers and acquisitions legal work, but is increasingly embedded in core deal processes that help attorneys manage due diligence, draft agreements and assess risk.

Read full article » | Save to favorites »

DOJ Targets BigLaw, Big Tech For Antitrust 'Gamesmanship'

By Bryan Koenig

The U.S. Department of Justice's top antitrust official singled out technology platforms and the BigLaw attorneys who represent them for "gamesmanship" by hiding key information from merger and conduct investigators, and announced a special task force "to tackle abuses that arise in our investigations."

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Sullivan & Cromwell LLP leads this week's edition of Law360 Legal Lions, after the Fifth Circuit vacated a pair of Biden-era regulations aimed at bolstering transparency in the short-selling market.

Read full article » | Save to favorites »

Panel Nixes Buzbee Win Against Atty Who Aided Campaign

By Madison Arnold

A Texas state appeals court has reversed a $765,000 summary judgment awarded to personal injury lawyer Tony Buzbee in a dispute with an attorney who said she was never paid for her contributions to his 2019 Houston mayoral campaign.

Opinion attached | Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Is AI killing the billable hour — here's what general counsel need to know about how the use of artificial intelligence is affecting law firms' billing model. Anthropic has agreed to a deal to end copyright suits brought by authors who said their works were illegally used to train the company's large language model. These are some of the stories in corporate legal news you may have missed in the past week.​

Read full article » | Save to favorites »

DOJ Swears In 3 New Board Of Immigration Appeals Members

By Britain Eakin

The Executive Office for Immigration Review announced Friday that three new Board of Immigration Appeals members — Sheila E. Gallow, Marcos Gemoets and Kathleen K. Volkert — were sworn in during a ceremony on Thursday.

1 document attached | Read full article » | Save to favorites »

Colorado Law Firm Faces Class Action Over Data Breach

By Zach Dupont

A Colorado law firm was hit with a proposed class action in federal court after a Utah woman claimed that the firm didn't take ample measures to protect the personal information of more than 5,000 people, which was stolen in a data breach earlier this year.

Complaint attached | Read full article » | Save to favorites »

Scores On July Bar Exam Rise Amid Dip In Test Takers

By Tracey Read

The number of examinees passing the multistate bar exam in July continued to gain momentum, with near record highs seen this summer over the past 12 years, according to an announcement from the National Conference of Bar Examiners.

Read full article » | Save to favorites »

LA's Acting US Atty Essayli Faces DQ Bid Over Expired Term

By Craig Clough

The Federal Public Defender's Office in Los Angeles urged a California federal court Friday to disqualify acting U.S. Attorney Bill Essayli, arguing that his temporary 120-day appointment has expired and his continuing service in the role "circumvented limitations" imposed by Congress.

Motion attached | Read full article » | Save to favorites »

Exclusive

'I'm Flabbergasted': Fla. Atty's Accusers Rip Bar For Inaction

By Phillip Bantz

More than a year after it began receiving complaints that a Florida lawyer was ghosting clients, the state bar has yet to take action — highlighting what experts call a slow-moving process that can fail to keep pace with expansive alleged frauds.

Read full article » | Save to favorites »

Split Fed. Circ. Backs Limits On Presidential Tariff Powers

By Hailey Konnath

The Federal Circuit held that President Donald Trump's emergency tariffs were improperly imposed under the International Emergency Economic Powers Act, which it said makes no mention of "tariff," "duties" or "tax."

Decision attached | Read full article » | Save to favorites »

Law360 Names Attys Who Moved Up The Firm Ranks In Q2

A promotion to partner or election to practice group chair means a slew of new responsibilities and also lots of well-deserved recognition. Law360 reveals the list of attorneys whose commitment to legal excellence earned them highly coveted spots in the law firm leadership ranks. Find out if your old legal friends — or rivals — moved up in the second quarter of the year.

Read full article » | Save to favorites »

Hub Hires: Prince Lobel, Rubin And Rudman, Weil

By Chris Villani

The dog days of summer did little to slow the churn in the Boston legal market. Prince Lobel added a veteran cybersecurity lawyer, Rubin and Rudman made a pair of partner hires, and Weil added more attorneys from Latham.

Read full article » | Save to favorites »

Roundup

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

By Laura Stewart Liberty

This past week in London has seen Prosecco DOC Consortium bring an intellectual property claim against a distributor, the Serious Fraud Office bring a civil recovery claim against the ex-wife of a solicitor jailed over a £19.5 million fraud scheme, and law firm Joseph Hage Aaronson & Bremen LLP sue its former client, the bankrupt Indian tycoon Vijay Mallya. Here, Law360 looks at these and other new claims in the U.K.

Read full article » | Save to favorites »

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.

Read full article » | Save to favorites »