Kalshi Inc. opening prediction markets for clinical drug trials has raised a host of compliance concerns for attorneys, including the risk of insider trading among the wide swaths of stakeholders in the know about the trials, as well as the danger of compromising the trials themselves.
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TOP NEWS

Analysis

'A Moral Hazard': Kalshi Drug Trial Bets Spark Ethical Qualms

By Chris Villani

Kalshi Inc. opening prediction markets for clinical drug trials has raised a host of compliance concerns for attorneys, including the risk of insider trading among the wide swaths of stakeholders in the know about the trials, as well as the danger of compromising the trials themselves.

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Anthropic Says Claude Gave False Murder Tip To Philly Cops

By Hailey Konnath

Anthropic on Friday disclosed a series of incidents in which its Claude artificial intelligence tool went rogue, particularly in interactions with federal and local government websites, including an incident in which it submitted a false tip about an unsolved homicide to the Philadelphia Police Department.

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Calif. Jurists' Atty Tips: 'Emulate Lincoln,' 'Don't Be Boring'

By Bonnie Eslinger

Three current and former Northern California federal judges and one Morrison Foerster LLP partner during a Federal Bar Association panel discussion Thursday gave attorneys tips on "courtroom persuasion," including knowing the judges, keeping things interesting and, like the nation's 16th president, getting quickly to the winning point.

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Amazon Can't Push Back FTC Antitrust Trial

By Bryan Koenig

A Washington federal judge refused Friday to delay the Federal Trade Commission antitrust trial accusing Amazon.com Inc. of creating an artificial pricing floor in online retail, forcing the company to try to navigate a potential timing overlap in parallel state court litigation from the California attorney general.

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9th Circ. Sides With Forest Service In Idaho Project Suit

By Hailey Konnath

The Ninth Circuit on Friday reversed a lower court's finding that the U.S. Forest Service ran afoul of the National Forest Management Act when it approved an Idaho project, ruling the court erred when analyzing the project's compliance with limits on road construction in areas in and around bear habitat.

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Calif. Commission Bumps Up 3 Judges To Appellate Posts

By Ben Adlin

California's Commission on Judicial Appointments voted to elevate three Superior Court judges to state appellate court positions in Los Angeles and Santa Ana, the commission announced Friday.

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ENERGY & ENVIRONMENTAL

Feds Say Calif. 'Clean Trucks' Pact Usurps Emissions Rules

By Linda Chiem

The Trump administration said Friday that California cannot usurp exclusive federal authority to set uniform motor vehicle emissions standards, urging a federal judge to strike down the Golden State's efforts to still enforce stricter emissions mandates on heavy-duty truck manufacturers in defiance of federal law.

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PRIVACY & CONSUMER PROTECTION

Payday Lender Says Baltimore Oversteps Its Power With Suit

By Katryna Perera

Dave Inc. has pushed back on a lawsuit brought by the city of Baltimore, saying the municipality has exceeded its powers by using a local ordinance to accuse the payday lender of charging excessive interest rates on its products.

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INTELLECTUAL PROPERTY

Activision Gets PTAB To Invalidate IP From Gaming Fight

By Adam Lidgett

The Patent Trial and Appeal Board has thrown out more than a dozen claims in a Milestone Entertainment gaming patent that the company accused Activision Blizzard Inc. of infringing with Candy Crush Saga and other games in a California federal court lawsuit.

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EMPLOYMENT & BENEFITS

9th Circ. Says AmeriBen Data Breach Enough To Allege Injury

By Gina Kim

The Ninth Circuit on Friday revived a proposed data breach class action alleging health plan administrator AmeriBen unlawfully revealed patients' information, ruling the disclosures were enough to sustain a lawsuit even if the underlying information might seem "mundane."

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SECURITIES & BANKING

Warren Presses Fed For Details Of Early SVB Report Access

By Jon Hill

The U.S. Senate Banking Committee's top Democrat is calling on Federal Reserve officials for answers after some outside experts were given an early look at a recent independent report on Silicon Valley Bank's collapse, questioning who authorized the access and how recipients were chosen.

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Calif. Hotels Give Chinese Bank Path To $209M In Awards

By Joyce Hanson

A California federal judge has refused to dismiss a Chinese bank's lawsuit seeking to enforce about $209 million in arbitral awards against a businessperson, ruling that hotels he bought in the state give the court jurisdiction over the case even though he doesn't live in the U.S.

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COMPETITION

DirecTV, AGs Can't See Nexstar-Tegna Benefits Yet

By Bryan Koenig

A California federal magistrate judge refused to make Nexstar and Tegna explain how their $6.2 billion merger will boost local news against streaming competition and accelerate technological transition, rejecting as premature a motion to compel from DirecTV and the bipartisan coalition of state attorneys general challenging the deal.

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Apple, Amazon Hit With New IPad Sale Antitrust Suit

By Gina Kim

Amazon and Apple were hit with a proposed antitrust class action again on Friday in Washington federal court by customers who alleged the tech giants violated the Sherman Act through an illegal arrangement to eliminate nearly all Apple reseller competitors from Amazon, which raised prices for iPads.

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BANKRUPTCY

US Trustee Questions Releases In SF Archdiocese Ch. 11 Plan

By Rick Archer

The U.S. Trustee's Office asked a California bankruptcy judge to reject the Archdiocese of San Francisco's Chapter 11 plan disclosure unless it explains why sexual abuse claimants must waive their claims to benefit from the plan.

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DEALS

Roundup

Real Estate Recap: Q3 Deals, NYC Renos, Calif. Data Center Laws

By Real Estate Authority Staff

Catch up on this past week's key developments by state from Law360 Real Estate Authority — including a look at the top real estate deals of the third quarter, and conversations with leading attorneys on older New York City buildings and new California data center laws.

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IMMIGRATION

Feds Again Turn To 9th Circ. In Fight Over ICE Facility

By Gina Kim

The Trump administration said Friday it will ask the Ninth Circuit to overturn a trial court decision requiring ICE to give independent monitors access to conduct inspections and electronic records for detained immigrants at a lockup in Adelanto, California, where a judge has twice called for conditions to be improved.

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EXPERT ANALYSIS

Calif. Decision Shows Limits Of Self-Serving Testimony

A California appellate court's recent opinion in a dispute between two home renovation partners is a reminder that where there are admissions or undisputed documentary evidence, litigants need more than self-serving testimony to overcome summary judgment, says Tyler Palmer at Tucker Ellis.

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Series

Calif. Banking Brief: All The Notable Legal Updates In Q3

California's financial regulators spent the third quarter of 2026 focusing on consumer protection enforcement at home while resisting federal efforts to displace state oversight — reinforcing the state's intention to shape the compliance landscape for institutions operating within its borders despite federal deregulatory trends, say attorneys at Ropes & Gray.

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Where The 3 Prediction Market Appellate Rulings Diverge

Although the recent Third, Sixth and Ninth Circuit opinions concerning prediction markets overlap on some issues, they differ on key statutory questions, deepening a circuit split over both the classification of sports event contracts and the scope of federal preemption, says Levi Giovanetto at Sheppard.

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Cos. Face Growing Exposure To Unfair Trade Practice Suits

Claims against companies that were traditionally governed by tort, products liability, nuisance or environmental law are increasingly being brought under state unfair and deceptive practices statutes — and defense practitioners and in-house counsel should note these laws often provide expanded remedies and procedural advantages to plaintiffs, say attorneys at Kean Miller.

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LEGAL INDUSTRY

Squire Patton, Holland & Knight Report Data Breaches

By Jake Maher

Squire Patton Boggs LLP and Holland & Knight LLP were hit with cyberattacks exposing sensitive information, according to disclosures filed this week.

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Up Next At High Court: Criminal Sentences & Video Privacy

By Katie Buehler

The U.S. Supreme Court will close out its October sitting by hearing oral arguments in two cases that ask what level of deference federal district courts should give to commentary interpreting the federal sentencing guidelines, and what purchases are protected under a video consumer privacy statute.

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DOJ Aims To 'Attack Fraud From All Angles' Via New Division

By Sarah Jarvis

The U.S. Department of Justice's new fraud division has issued fresh guidance on its prosecution methodology, with the division's head directing prosecutors to seize assets before indictments and pursue upward variances in sentencing guidelines in some cases as part of a stated push to use the division's "full arsenal of criminal statutes" in combating fraud.

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Ill. Judge Lays Out Doc Demands For DOJ Misconduct Probe

By Lauraann Wood

An Illinois federal judge asked the government Friday to turn over six months of communications and certain other records as she investigates in-court inaccuracies Chicago prosecutors offered while prosecuting six anti-immigration protesters, rejecting its request to seal a filing in the process.

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Atty With False AI Citation Filings Ordered To Pay $39K

By Bonnie Eslinger

A New York federal judge who imposed case-terminating sanctions on an attorney who submitted filings with false citations generated by artificial intelligence ordered him on Friday to pay nearly $39,000 to lawyers who uncovered the problematic AI use, noting he had given them the "runaround" when they tried to collect directly.

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Grassley Attacks Dems' Claims Of Rule-Breaking Over Hearing

By Courtney Bublé

Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, clapped back at Democrats for their accusations that Republicans broke Senate rules during a hearing last week at which former special counsel Jack Smith appeared.

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Brief

Legal Services NYC Gets $2.5M To Build Novel Resource Hub

By Tracey Read

Legal Services NYC announced Friday that it has been awarded a $2.5 million grant from the New York State Interest on Lawyer Account Fund to create a first-of-its-kind statewide knowledge-sharing platform to help legal advocates spend more time seeking justice for low-income clients.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The new federal fraud division is threatening faster action and broader targets under a new enforcement policy announced recently. And the SEC warned shareholder advocacy groups that join forces could face legal scrutiny in the future. These are some of the stories in corporate legal news you may have missed in the past week.​

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Law360's Legal Lions Of The Week

By Kevin Penton

Quinn Emanuel Urquhart & Sullivan LLP, Sullivan & Cromwell LLP and Alston & Bird LLP lead this week's edition of Law360 Legal Lions, after the Sixth Circuit overturned a pivotal decision in multidistrict opioid litigation that had dramatically expanded claims against the nation's largest pharmacy benefit managers.

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Roundup

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

By Megan Norcott

The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

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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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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Akerman LLP

Alston & Bird

ArentFox Schiff

Arnold & Porter

Ashurst Perkins

Bailey & Glasser

Baker & Hostetler

Baker McKenzie

Barnes & Thornburg

Berger Montague

Boyden Gray

Bridge McFarland

Brodies LLP

Brown Rudnick

Buchalter LLP

CMS Cameron McKenna Nabarro Olswang

Cheronis & Parente

Clement & Murphy

Cohen Ziffer

Cooley LLP

Cotsirilos Poulos

Covington & Burling

Cox Castle

Cozen O'Connor

Cripps LLP

DAC Beachcroft

DLA Piper

DWF LLP

Dann Law Firm

Davis Polk

Debevoise & Plimpton

Dentons

Enyo Law

Eversheds Sutherland

FBT Gibbons

Felderstein Fitzgerald

Freeths LLP

Freshfields

Fridman Fels

Fried Frank

Gibson Dunn

Gowling WLG

Greenberg Traurig

HWG LLP

Hadsell Stormer

Hagens Berman

Hamlins LLP

Hill Dickinson

Hogan Lovells

Holland & Knight

Hueston Hennigan

Humphries Kirk

Husch Blackwell

Irell & Manella

Jones Day

Kean Miller

Keller Rohrback

Keystone Law

King & Spalding

King & Wood Mallesons

Kirkland & Ellis

Knobbe Martens

Koffsky Schwalb

Kucker Marino

Langsam Stevens

Latham & Watkins

Law Office of Steven A. Feldman & Associates

Law Offices of Thomas J. Thomas

Lewis Silkin

Mandelbaum Barrett

McDermott Will & Schulte

Morgan Lewis

Morrison & Foerster

Munger Tolles

Nabarro LLP

Nelson Mullins

O'Melveny & Myers

Orrick Herrington

Paul Hastings

Paul Weiss

Phi Finney McDonald UK

Pillsbury Winthrop

Quattlebaum Grooms

Quinn Emanuel

Radice Law Firm

Reece Moore Pedergraft

Reed Smith

Robbins Geller

Ropes & Gray

Russ August

Rutan & Tucker

Sanford Heisler

Setfords Solicitors

Seward & Kissel

Seyfarth Shaw

Shakespeare Martineau

Shoosmiths LLP

Shumaker Loop

Sidley Austin

Simonsen Sussman

Skadden Arps

Spertus Josephs

Squire Patton

Stephenson Harwood

Sterling Lawyers

Stoel Rives

Sullivan & Cromwell

Taft Stettinius

Taylor Rose

Tensegrity Law

Thompson Hine

Tucker Ellis

Vinson & Elkins

Wallace LLP

Ward Hadaway

White & Case

Wilkinson Stekloff

Williams & Connolly

Willkie Farr

Wilson Sonsini

Womble Bond

Zimmerman Law Offices PC

COMPANIES IN TODAY'S NEWS

AB Volvo

Abbott Laboratories

Academy Mortgage Corp.

Accenture PLC

Activision Blizzard Inc.

Adidas AG

Agri Stats Inc.

Align Technology Inc.

Amazon.com Inc.

Ameriben Solutions Inc.

American International Group Inc.

Anthropic PBC

Apple Inc.

Association of Corporate Counsel

Autogrill SpA

BDT & MSD Partners

Bank of America Corp.

Bank of Canada

Bibby Financial Services Ltd.

Chime Financial Inc.

Conversant LLC

Core Construction Group Ltd.

Credit Suisse Group AG

DP World Ltd.

Daimler AG

Daimler Truck Holding AG

Dave Inc.

Dell Technologies Inc.

Dnata

Duke Energy Corp.

ENI SpA

ESPN Inc.

Emulate Inc.

Essex Woodlands Health Ventures Inc.

Express Scripts Holding Co.

Exxon Mobil Corp.

Federal Bar Association

Federal National Mortgage Association

Financial Industry Regulatory Authority Inc.

Fort Point Capital

GoldenTree Asset Management LP

Google LLC

Immigrant Defenders Law Center

Instagram Inc.

Jones Lang LaSalle Inc.

Kalshi Inc.

Kingspan Group PLC

Legal Services NYC

Liberty Mutual Insurance Group

LinkedIn Corp.

Masimo Corp.

MasterCard Inc.

Meta Platforms Inc.

Microsoft Corp.

Moderna Inc.

National Farmers Union

Netflix Inc.

New York University

Nexstar Media Group Inc.

OpenAI OpCo LLC

OptumRx Inc.

Otis Worldwide Corp.

PTC Inc.

Paramount Global

Phillips 66

Public Counsel

QBE Insurance Group Ltd.

Red Bull GmbH

Ritz-Carlton Company LLC

SVB Financial Group

Samsung Electronics Co. Ltd.

Schneider Electric

Skydance Media LLC

Snap Inc.

Solicitors Regulation Authority Ltd.

Space Exploration Technologies Corp.

Suncor Energy Inc.

Sunrise Senior Living, Inc.

Tegna Inc.

Thales SA

The Clorox Co.

The DIRECTV Group Inc.

Thomson Reuters Corp.

TikTok Inc.

Tishman Speyer Properties LP

Toronto-Dominion Bank

Toshiba Corp.

UCLA School of Law

Uber Technologies Inc.

UniCredit

United Airlines Holdings Inc.

United Parcel Service Inc.

United Therapeutics Corp.

United Wholesale Mortgage LLC

University of Southern California

University of Virginia

Victoria's Secret & Co.

Visa Europe

Walker & Dunlop Inc.

Walmart Inc.

Warner Bros. Discovery Inc.

Yamazaki Mazak Corp.

Zillow Group Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Air Resources Board

California Attorney General's Office

California Department of Justice

Commodity Futures Trading Commission

Companies House

Competition Appeal Tribunal

Equal Employment Opportunity Commission

Federal Bureau of Investigation

Federal Communications Commission

Federal Financial Institutions Examination Council

Federal Reserve System

Federal Trade Commission

Financial Conduct Authority

Fish and Wildlife Service

Food and Drug Administration

Internal Revenue Service

Maryland General Assembly

New Mexico Department of Justice

New York City Department of Finance

Office of the Comptroller of the Currency

Patent Trial and Appeal Board

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the Northern District of Illinois

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

U.S. Citizenship and Immigration Services

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Agriculture

U.S. Department of Housing and Urban Development

U.S. Department of Justice

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

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the District of Oregon

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

U.S. District Court for the Middle District of Tennessee

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. Environmental Protection Agency

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Sentencing Commission

U.S. Supreme Court

UK High Court

UK Intellectual Property Office (IPO)

United States District Court for the Southern District of Ohio