Analysis

Why Compliance Is Getting Complicated In Latin America

By Phillip Bantz

White collar compliance is getting trickier for companies that do business in Latin America, according to experts, who say they are seeing big shifts in the region connected to cartel crackdowns and efforts to strengthen corporate regulations, including relatively recent pushes for voluntary self-disclosure.

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Ex-Beneficient CEO Convicted In $150M Shell Co. Fraud

By Bonnie Eslinger

The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot more than $150 million from now-defunct GWG Holdings, a publicly traded company for which he served as chairman.

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Agri Stats Reaches Meat Price-Fixing Deal With States, DOJ

By Hailey Konnath

Agri Stats has agreed to stop putting together certain sales reports for broiler chicken processors to resolve the U.S. Department of Justice's allegations that those reports enabled price-fixing by meat processors, according to an announcement made Thursday.

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DOJ Antitrust Head Tells Merging Firms: No Games

By Bryan Koenig

Combating "gamesmanship" remains top of mind for the U.S. Department of Justice Antitrust Division as it reviews mergers, according to a New York speech Thursday from acting head Omeed A. Assefi warning parties against "altering" merger notification material or trying to "play games with documents and data."

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Dems Press Big 3 Bureaus On BNPL Credit Reporting Gaps

By Sarah Jarvis

Democratic U.S. senators are calling on the "Big Three" credit bureaus to explain how they're adapting their consumer credit scoring and reporting to account for buy-now-pay-later products, citing concerns about inconsistent tracking of a fast-growing source of everyday purchase financing.

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Trump's Temporary Global Tariffs Illegal, Trade Court Rules

By Dylan Moroses

President Donald Trump's temporary global 10% tariffs are unlawful because the narrow set of economic conditions required for the measure to be imposed were not met, the U.S. Court of International Trade said Thursday in a divided opinion.

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SEC Fines Ex-BigLaw Atty For Insider Trades On Apollo Deal

By Hailey Konnath

A former Buchalter PC shareholder has agreed to pay $71,625 to settle the U.S. Securities and Exchange Commission's allegations he purchased stock ahead of Apollo Global Management's $1.5 billion acquisition of Bridge Investment, which the commission said he was representing in an unrelated matter at the time.

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Failed Okla. Bank's Ex-CEO Cops To Fraud Charge

By Sydney Price

The former president and CEO of the now-defunct Oklahoma-based First National Bank of Lindsay pled guilty to one count of bank fraud for his involvement in making sham deposits in customer accounts and falsifying loan documents, the U.S. Department of Justice said Thursday.

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Trump Signs Bill To Speed Tribal Trust Land Mortgages

By Courtney Bublé

President Donald Trump this week signed a bipartisan bill that was recently enacted to accelerate the process to obtain mortgages on tribal lands.

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Crypto Bill Could Get Senate Banking Markup Next Week

By Aislinn Keely

A bill to regulate crypto markets known as the Clarity Act could be marked up by the Senate Banking Committee as soon as next week, but lawmakers are still finalizing key provisions that could make or break the voting process, policymakers told attendees of the crypto conference Consensus.

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'If It Quacks': Judge Hints Kalshi's Biz Is Sports Gambling

By Abigail Harrison

Fourth Circuit judges appeared dubious Thursday as counsel for Kalshi explained why its "sports event contracts" can only be regulated by the U.S. Commodity Futures Trading Commission rather than state gambling laws, with one judge remarking, "If it quacks, you know, it's a duck. Right? It's gambling isn't it?"

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Warren Asks Meta About Reported Stablecoin Payment Plans

By Sarah Jarvis

The top Democrat on the Senate Banking Committee has called on Meta CEO Mark Zuckerberg to provide more information about the company's reported plans to introduce stablecoin-based payment features for its users, accusing it of a "deeply troubling" lack of transparency about the project.

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NAACP Urges Miss. Judge To Turn Off XAI Gas Turbines

By Tom Lotshaw

The NAACP has asked a Mississippi federal judge to block X.AI Corp. from operating a battery of polluting gas turbines in the community of Southaven, asserting it has continued to add turbines to power a nearby data center rather than address permitting violations.

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Ex‑Novartis Atty Wins Revival Of Whistleblower Claims

By Carla Baranauckas

The New Jersey state appeals court on Thursday revived five whistleblower claims brought by a former Novartis compliance attorney, finding that a trial judge wrongly treated a years‑long pattern of alleged retaliation as discrete, time‑barred events rather than a continuous campaign culminating in her 2021 termination.

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Ex-Jackson Walker Atty Seeks Breakup With Romance Suit

By Adrian Cruz

A former Jackson Walker LLP partner said Thursday that she should be dropped from a suit accusing her, a former Texas bankruptcy judge she had a secret relationship with and multiple law firms of fomenting "mass corruption" in Houston's bankruptcy court.

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Judge Wants States To Outline Live Nation Antitrust Remedies

By Matthew Perlman

A New York federal judge asked state enforcers on Thursday to outline the remedies they intend to seek from Live Nation, along with the discovery they expect to need, before deciding a schedule for the next steps in the antitrust case against the major live entertainment company.

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La. Says Mailed Abortion Pills Harm State Budget, Sovereignty

By Dan McKay

The state of Louisiana on Thursday defended its standing to challenge telehealth access to the abortion medication mifepristone, telling the U.S. Supreme Court that it has suffered financial and other injuries as mail-order pills flood the state.

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Pentagon Defends Anthropic Security Risk Label At DC Circ.

By Ganesh Setty

The U.S. Department of Defense told the D.C. Circuit on Wednesday that Defense Secretary Pete Hegseth acted well within his statutory discretion when he labeled Anthropic PBC a supply-chain risk to U.S. national security, rejecting Anthropic's claims of retaliation.

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Hospital Suspects DOJ Is Forum Shopping For Trans Records

By Matthew Santoni

Children's Hospital of Philadelphia asked a federal judge this week to reassert control over the U.S. Department of Justice's demand for records of gender-affirming care, fearing the government's withdrawal of its local appeal and a case filed against another hospital in Texas portended "forum shopping" for a friendlier court.

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Proposed Meta Age Reforms Echo Europe Efforts, Judge Told

By Cara Salvatore

An online safety expert testified Thursday that Meta would not be unduly burdened by age-verification reforms New Mexico's attorney general is seeking in a $3.7 billion bench trial over harm to teen users of its social media platforms, given that European regulators in recent weeks announced nearly identical demands.

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Zillow, Redfin Can't Escape FTC's Antitrust Suit Over Ad Pact

By Jared Foretek

A Virginia federal judge denied Zillow and Redfin's bid Wednesday to toss the Federal Trade Commission's suit accusing the companies of colluding through a $100 million payment to stop competing on multifamily rental listings, ruling that the "fact-intensive nature" of the commission's complaint justifies it surviving past the pleading stage.

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Southwest Says Court Order 'Gatekeeping' Worker Relations

By Spencer Brewer

Southwest Airlines Co. told a Texas federal judge that a recent order will make both the court and the airline's union "gatekeepers of Southwest's employee relations department," asking Thursday for the court to reconsider its order.

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Dems Say ABC License Probe Is Retaliation For Kimmel Joke

By Courtney Bublé

A group of Senate Democrats on Thursday condemned the Federal Communications Commission's purported retaliation against ABC for not firing late night host Jimmy Kimmel after his controversial joke about the president and his wife.

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Opinion

The SEC Should Institute A New Enforcement Scorecard

Amid controversy over the recent release of the U.S. Securities and Exchange Commission's annual enforcement statistics, the SEC should use a new scorecard that measures how well the Division of Enforcement detects and stops intentional fraud in order to refocus on its core mission of investor protection, says Peter Chan at Baker McKenzie.

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FinCEN Rule Could Reshape AML Priorities Across Finance

Financial institutions should prepare for a proposed Financial Crimes Enforcement Network rule that would heighten scrutiny of anti-money laundering requirements and encourage responsible use of technology, potentially reorienting compliance, governance decisions and enforcement exposure for organizations across the financial sector, not just banks, say attorneys at Pillsbury.

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Surveying The CFTC Campaign To Control Prediction Markets

The U.S. Commodity Futures Trading Commission is simultaneously asserting exclusive jurisdiction over prediction markets and signaling aggressive enforcement within them, a combination that will reshape the regulatory landscape for event contract platforms — pending the outcome of several court cases throughout the country and a likely circuit split, say attorneys at Paul Weiss.

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Health Cos. Must Act Quickly To Secure Digital Front Doors

A fast-approaching deadline will require health providers to implement digital accessibility standards to their websites, necessitating important compliance steps that will help to ensure equal access to online health services, say attorneys at Holland & Knight.

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9th Circ.'s Silence Prolongs Uncertainty On Cemex Framework

By affirming a bargaining order in Cemex Construction Materials v. National Labor Relations Board without opining on the NLRB’s 2023 expansion of its authority to issue such orders, the Ninth Circuit avoided direct conflict with the Sixth Circuit’s rejection of the same framework, prolonging uncertainty for employers facing union elections, say attorneys at Dinsmore & Shohl.

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Series

Speed Jigsaw Puzzling Makes Me A Better Lawyer

My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

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Roundup

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

By Laura Stewart Liberty

The past week in London has seen Morrisons sued by a former logistics partner, EDF and Cripps LLP face a claim brought by a family estate near Hinkley Point C and a former BBC broadcaster file a defamation claim against a Welsh news site over articles linking her to Russian state media and conspiracy theories. Here, Law360 looks at these and other new claims in the U.K.

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Morgan Lewis Hires 2 More Hunton Litigators

By Andrea Keckley

Morgan Lewis & Bockius LLP announced on Friday that it has hired two more attorneys from Hunton Andrews Kurth LLP to build up its litigation bench.

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Legal Industry Bounces Back, Gaining 2,400 Jobs In April

By Tracey Read

The legal sector is once again on a positive trajectory, gaining 2,400 jobs last month, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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Paul Weiss Says Atty Cuts Were Part Of Performance Reviews

By Daniel Moritz-Rabson

Paul Weiss Rifkind Wharton & Garrison LLP told Law360 on Friday that the firm has parted ways with some attorneys following an annual review process.

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Top Atty In DOJ Appeal Over Law Firm Exec Orders To Depart

By Jake Maher

The lead federal prosecutor on the Trump administration's appeal to reinstate executive orders targeting four law firms is stepping down from his government role at the end of May, he publicly announced this week.

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Law360's Legal Lions Of The Week

By Kevin Penton

The National Immigrant Justice Center and the American Civil Liberties Union lead this week's edition of Law360 Legal Lions, after a split Seventh Circuit panel rejected the Trump administration's argument that immigrants unlawfully in the United States have no due process rights.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The head of the U.S. Department of Labor's employee benefits section said agency investigations will focus on benefit plan managers' loyalty conflicts, including pursuit of socially conscious goals. Meanwhile, Dell became the latest company to consider Texas as its new legal home. These are among the stories in corporate legal news you may have missed in the past week.

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Prosecutor Faces Probe Into Withheld Immigration Case Info

By Bonnie Eslinger

The lead assistant federal prosecutor for Rhode Island's civil division is under investigation for allegedly withholding information in an immigration case, according to an order from the Ocean State's top federal judge.

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DLA Piper Accused Of 'Frivolous' Suit To Please Chipotle GC

By Gina Kim

DLA Piper aggressively litigated a "frivolous" computer fraud lawsuit against a nonprofit volunteer in order to appease the then-general counsel of Chipotle, a client, who referred the case to the firm, according to a malicious-prosecution complaint filed Thursday in California state court. 

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

By Adam LoBelia

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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