Cantor Equity Partners IV Begins Trading After $400M IPO

By Jade Martinez-Pogue

Special purpose acquisition company Cantor Equity Partners IV Inc., sponsored by private equity giant Cantor Fitzgerald, hit the public markets Thursday after pricing its $400 million initial public offering the day prior.

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OCC Ends Action Over Anchorage Digital's AML Program

By Aislinn Keely

The Office of the Comptroller of the Currency lifted a consent order against Anchorage Digital Bank on Thursday, marking the resolution of a 2022 action that accused the crypto bank of deficiencies in its anti-money laundering compliance program.

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KKR Leads Bidding War For Nissan HQ, Plus More Rumors

By Jade Martinez-Pogue

Private equity firm KKR is said to be dominating in a bidding war for Nissan Motor's headquarters in Japan, Jared Kushner's private equity firm is rumored to have taken a minority stake in British bank OakNorth, and railroad giant CSX is reportedly facing pressure from activist investment firms to pursue a merger. Here, Law360 breaks down these and other deal rumors from the past week.

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Nikola SPAC, Related Settlements Reach $33.75M In Del.

By Jeff Montgomery

A multi-court string of settlements has produced a $33.75 million proposed payout for stockholders who alleged in direct and derivative state and federal actions that they were misled in deals that took electric vehicle maker Nikola Corp. public.

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Snap Inc. Hit With Investor Suit Over Ad Platform Glitch

By Sydney Price

Snapchat's parent company, Snap Inc., was hit with a proposed shareholder class action Thursday in California federal court accusing it of concealing the effects of a glitch on its advertising auction system that caused it to lose revenue.

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Tribe Sues Kalshi, Robinhood To Block 'Gaming Racket'

By Aislinn Keely

A Wisconsin Native American tribe accused trading platforms Kalshi and Robinhood of running a gambling racket through their offering of sports event contracts in a suit that seeks to permanently bar the firms from serving users on the tribe's land.

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BlockFi Judge Urged To OK $13M Deal As Objector Withdraws

By Katryna Perera

Investors who reached a $13.2 million settlement with the failed cryptocurrency lender BlockFi Inc. have urged a federal judge to move forward with the plan now that a class member has withdrawn his objections to the deal.

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Fintech Co. Ryvyl's $1M Investor Settlement Gets Initial OK

By Sydney Price

A California federal court has granted preliminary approval to fintech company Ryvyl Inc.'s $1 million cash and stock class action settlement with investors who accused the company of concealing its accounting issues.

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SEC Taps Military Judge To Head Enforcement Efforts

By Jessica Corso

The U.S. Securities and Exchange Commission on Thursday announced the appointment of a senior judge in the U.S. Court of Appeals for the Armed Forces to lead its enforcement division.

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Genius Act Sets Stablecoin Standards — Without Regulation E

While the Genius Act expressly requires payment stablecoin issuers to be treated as financial institutions for purposes of the Bank Secrecy Act, it is notably silent as to whether they are to be treated as such under the Electronic Fund Transfer Act, as implemented by Regulation E, says Tom Witherspoon at Stinson.

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NY Tax Talk: ALJ Vacancy, Online Sales, Budget

Among the most notable developments in New York tax law last quarter, an administrative law judge vacancy continued affecting taxpayers, a state court decision tested the scope of the Interstate Income Act, and Gov. Kathy Hochul signed the 2025-2026 fiscal budget containing key tax-related provisions, say attorneys at Eversheds Sutherland.

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Series

Quilting Makes Me A Better Lawyer

Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham.

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Judge Finds Habba Unlawfully Serving As NJ's US Atty

By Matthew Santoni

Alina Habba, President Donald Trump's former personal attorney and his pick to remain the U.S. attorney for the District of New Jersey, was unlawfully given an extension of her temporary post after her "interim" appointment expired, a Pennsylvania federal judge ruled Thursday.

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OnlyFans Flags Bogus Citations In RICO Fraud Suit

By Emily Sawicki

Attorneys for a proposed class of OnlyFans subscribers alleging racketeering by the company notified a California federal judge Thursday that they would be seeking permission to fix earlier filings found to have errors created by artificial intelligence, days after the web platform's parent company notified the court of the citation errors.

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NY Appeals Court Throws Out Trump's $500M Fraud Penalty

By Phillip Bantz

A divided New York state appeals court panel on Thursday tossed a nearly $500 million civil fraud penalty against President Donald Trump and his sons, companies and their executives, ruling that the fine was "excessive," but kept in place a judge's finding of liability.

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9th Circ. Dissenters Rip Judge's 'Weaponization Of Sanctions'

By Jeff Overley

A half-dozen Ninth Circuit judges Thursday denounced six-figure sanctions against attorneys for prominent politicians challenging Arizona election procedures, accusing a lower court of "twisting and contorting" allegations in order to punish lawyers "based on the nature of the complaint and the clients that they represented."

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Odell Beckham Wants Attys Sanctioned In Diddy Assault Suit

By Adrian Cruz

NFL star Odell Beckham Jr. is looking to sanction attorneys representing a woman accusing him in California federal court of participating in a Bay Area gang rape alongside rapper Sean "Diddy" Combs, claiming the allegations are frivolous and the attorneys willfully ignored available evidence in making them.

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Trump To Get Texas Vacancy With Judge Taking Senior Status

By Courtney Bublé

U.S. District Judge David Godbey of the Northern District of Texas, who was at the center of a debate on judge shopping last year, will take senior status on Sept. 17, according to an update posted on the federal judiciary's website on Thursday.

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Analysis

Employer Plans In Limbo As Courts Grapple With Trans Care

By Kellie Mejdrich

Despite appellate courts' apparent willingness to allow states to ban gender-affirming care for minors, employers are still waiting for clarity on whether federal anti-discrimination laws require health plans to cover transgender healthcare access, experts say.

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California Bar Board Of Trustees Gets 1st Nonattorney Chair

By Rose Krebs

The California Supreme Court announced Thursday that for the first time ever, a nonattorney will lead the State Bar of California's Board of Trustees starting Sept. 21.

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Ex-Prosecutor Sworn In As Ga. US Atty In Southern District

By Emily Johnson

A longtime Georgia attorney, who served as chair of Georgia's State Board of Pardons and Paroles and previously served as a district attorney, was sworn in this week as interim U.S. Attorney for the Southern District of Georgia.

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Ethics Case Reasserted Against Fla. Judge Over Deepfake

By Matt Perez

A Florida judicial ethics panel has reasserted allegations that a state judge in Broward County violated the state's Code of Judicial Conduct during her 2024 election campaign, ahead of a final hearing set for Dec. 16 by the hearing panel chair of the Florida Judicial Qualifications Commission.

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