The U.S. Senate on Thursday signed off on two more of President Donald Trump's picks for top financial regulator jobs, confirming Travis Hill and Michael Selig as chairs of the Federal Deposit Insurance Corp. and Commodity Futures Trading Commission, respectively.
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THURSDAY, DECEMBER 18, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

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Trump's Picks To Lead FDIC, CFTC Win Senate Approval

By Jon Hill

The U.S. Senate on Thursday signed off on two more of President Donald Trump's picks for top financial regulator jobs, confirming Travis Hill and Michael Selig as chairs of the Federal Deposit Insurance Corp. and Commodity Futures Trading Commission, respectively.

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CFTC's Pham Will Head To Crypto Co. MoonPay After Exit

By Aislinn Keely

The U.S. Commodity Futures Trading Commission's acting Chair Caroline Pham is set to join cryptocurrency payments firm MoonPay as its top lawyer following her impending departure from the commission, MoonPay announced Wednesday.

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Air Taxi Co. Settles SPAC Merger Price Suit For $17.75M

By Jeff Montgomery

Stockholders of former air transport venture Blade Air Mobility Inc. have agreed to settle for $17.75 million a Delaware Chancery Court stockholder derivative suit accusing an officer and controlling investors of breaching their fiduciary duties in a take-public deal via a special purpose acquisition company.

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Coursera, Udemy Merging Into $2.5B Online Education Co.

By Al Barbarino

Online education company Coursera said Wednesday it has agreed to buy rival Udemy in an all-stock deal valuing the combined company at about $2.5 billion, as the firms look to scale their platforms amid rising demand for job-ready skills driven by artificial intelligence.

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LITIGATION

Analysis

The Top Trademark Decisions Of 2025

By Theresa Schliep

The U.S. Supreme Court vacated a trademark infringement award that reached nearly $47 million and found nonparties couldn't be on the hook for the amount, while the Federal Circuit reproached a trademark tribunal for its handling of a man's attempt to register the F-word. Here are Law360's picks for the biggest trademark decisions of 2025.

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2nd Circ. Affirms Dismissal Of Mobileye Shareholder Suit

By Craig Clough

The Second Circuit on Tuesday affirmed the dismissal of a proposed investor class action accusing Intel unit Mobileye of artificially inflating its stock by concealing how a supply glut was going to impact profits, finding the plaintiffs failed to identify any misleading statements made by company executives.

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Nikola Founder's Suit Against CNBC Time-Barred, Panel Says

By George Woolston

Nikola Corp. founder Trevor Milton's trade libel claims against CNBC and short‑seller Hindenburg Research are actually defamation claims and time-barred, a New Jersey appellate panel said in a decision tossing the suit and awarding the defendants attorney fees.

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Robinhood's Bid To Halt Nevada Sports Order Denied

By Elaine Briseño

A Nevada federal judge has refused to grant Robinhood reprieve from his earlier decision denying the trading and investing platform an injunction that would have temporarily shielded its sports event contracts from state gaming regulators.

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Starbucks Brass Face Derivative Suit Over 'Triple Shot' Plan

By Sydney Price

Executives and directors of Starbucks have been hit with a shareholder derivative complaint accusing them of misleading investors about the coffee chain's prospects for its so-called Triple Shot Reinvention strategy, which the suit alleges fell short.

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ENFORCEMENT

Brief

Convicted Oil Trader Will Appeal 15-Month FCPA Sentence

By Brian Steele

A former Freepoint Commodities LLC and Arcadia Fuels Ltd. oil trader has told a federal court that he intends to appeal his 15-month prison sentence and $300,000 fine after a jury found him guilty of bribing an official at Brazilian oil giant Petroleo Brasileiro SA.

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EXPERT ANALYSIS

How CFTC Enforcement Shifted In 2025 And What's Next

The U.S. Commodity Futures Trading Commission pivoted sharply under acting Chairman Caroline Pham in 2025, resulting in a pared-back enforcement docket, sweeping policy changes intended to provide greater transparency, and a renewed focus on fraud prevention and maintaining market integrity for the CFTC's core markets, say attorneys at Moore & Van Allen.

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Crypto In 2025: From Federal Deregulation To State Action

The cryptocurrency enforcement landscape evolved in 2025, marked by federal deregulatory trends and active state attorney general enforcement, creating both opportunity and risk for businesses navigating the digital asset market, say attorneys at Cozen O'Connor.

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Series

Law School's Missed Lessons: Practical Problem Solving

Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.

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LEGAL INDUSTRY

DC Circ. Told Transferred Ethics Suit Bolsters Newman's Case

By Adam Lidgett

Suspended Federal Circuit Judge Pauline Newman is contending that a decision in which an ethics complaint against a Fourth Circuit judge was transferred out of his home court bolsters her argument that her fellow circuit judges shouldn't have investigated her fitness to remain on the bench.

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$3.6B Hogan Lovells, Cadwalader Deal To Form Top 5 Firm

By Kevin Penton

Hogan Lovells and Cadwalader Wickersham & Taft are planning to combine, creating what the firms describe will be the world's fifth-largest firm by revenue, they announced Thursday.

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Chancery Sr. Magistrate Leaving Bench For Role As Neutral

By Rose Krebs

Delaware's Chancery Court will soon be losing its senior magistrate, as she is returning to private practice to serve as a professional neutral.

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Dems Offer Bill To Shine Light On High Court 'Shadow Docket'

By Ryan Boysen

Democratic lawmakers have introduced a bill that would require the U.S. Supreme Court to explain its "shadow docket" rulings, criticizing the high court for issuing "harmful, backwards decisions" that "impact millions of American's lives" but are often unaccompanied by a formal opinion.

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Calif. AG, Bar Officials Fight Bid To Stop ABS Fee-Sharing Ban

By James Mills

Both the California attorney general and the California State Bar are opposing a California attorney's attempt to block a new law preventing fee-sharing with out-of-state law firms owned by nonlawyers set to go into effect on Jan. 1.

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Boies Schiller Must Face Fla. Fee Suit, Court Told

By Lynn LaRowe

In pushing back on a bid to toss a Florida state court lawsuit against Boies Schiller Flexner LLP and related defendants, a pharmaceutical mass tort law firm and other parties said the lawsuit outlines a clear breach of a nondisclosure agreement and interference with existing business relationships, making the complaint legally sufficient under Sunshine State law.

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Fake Quotes In Pa. Patent Case Lead To Judicial Rebuke

By James Boyle

Two Barley Snyder attorneys have been directed to explain to a Pennsylvania federal judge how nonexistent quotes from cited cases appeared in a July filing, according to a recently published order that also denied a holiday light clip manufacturer's request for a temporary restraining order preventing a rival company from selling a similar product.

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Obstruction Or ICE 'Overreach'? Judge's Case In Jury's Hands

By Nate Beck

The fate of a Wisconsin judge accused of thwarting an immigrant's arrest by ushering him into a private hallway is in a federal jury's hands, as her lawyer said she never meant to aid the man's escape while prosecutors argued she abused her authority.

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LAW FIRMS IN TODAY'S NEWS

Andersen & Beede

ArentFox Schiff

Ashurst LLP

Barley Snyder

Bernstein Litowitz

Boies Schiller

Cadwalader Wickersham

Caldwell Law Office

Cleary Gottlieb

Corr Cronin

Cozen O'Connor

Cravath Swaine

Crowell & Moring

Davis Polk

Debevoise & Plimpton

Dynamis LLP

Fleischman Bonner

Gimbel Reilly

Grant & Eisenhofer

Greenberg Traurig

HSF Kramer

Hogan Lovells

Knobbe Martens

Koffsky & Felsen

Kramer Levin

Labaton Keller

Lawson Huck

Levi & Korsinsky

McDermott Will & Schulte

Moore & Van Allen

Orrick Herrington

Pashman Stein

Pendley Baudin

Perkins Coie

Pisanelli Bice

Quarles & Brady

Richards Layton

Rosen Law Firm PA

Saul Ewing

Sidley Austin

Simpson Thacher & Bartlett LLP

Sterne Kessler

Strang Bradley

Taylor Wessing

Wachtell Lipton

Wilson Sonsini

Winston & Strawn

Wisner Baum

COMPANIES IN TODAY'S NEWS

Athena Bitcoin Inc.

BlockFi Inc.

Citigroup Inc.

Coinbase Global Inc.

Coursera Inc.

DCI Inc.

Eicher Motors Ltd.

English Premier League

Freepoint Commodities LLC

JAMS Inc.

Jack Daniel's Properties Inc.

Joby Aviation LLC

KSL Capital Partners LLC

Kansas City Chiefs

LinkedIn Corp.

MSP Recovery

Mobileye

NBCUniversal Media LLC

Nasdaq Inc.

New Civil Liberties Alliance

Nikola Corp.

Payward Inc.

Petrobras

Reddit Inc.

Ripple Labs Inc.

Robinhood Markets Inc.

Sandoz International GmbH

Starbucks Corp.

State Bar of California

UBS Group AG

Udemy Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

California Department of Justice

Commodity Futures Trading Commission

Delaware Court of Chancery

Judicial Conference of the United States

Nevada Attorney General's Office

Nevada Gaming Control Board

New York Attorney General's Office

New York Department of Financial Services

Oregon Attorney General's Office

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

U.S. Attorney's Office for the Eastern District of Wisconsin

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

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 Connecticut

U.S. District Court for the District of New Jersey

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

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

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

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

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

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

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

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the District of Nevada

United States District Court for the Eastern District of Wisconsin