Analysis

New Risks For Importers As US Steps Up Tariff Enforcement

By Dylan Moroses

Importers and trade lawyers have seen an upswelling of tariff enforcement efforts that is transforming the compliance relationship between businesses and the government since President Donald Trump took office a second time.

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11th Circ. Saves Delta-Aeromexico Joint Venture

By Linda Chiem

The Eleventh Circuit on Thursday handed Delta Air Lines and Aeromexico a decisive win by vacating a U.S. Department of Transportation order directing them to dismantle their nearly decadelong joint venture, saying the DOT applied a skewed standard and made unsupported findings about the partnership's purported anticompetitive effects.

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HEICO Exec Arrested, Accused Of $1.8M Insider Trading Ploy

By Stewart Bishop

A senior HEICO Corp. executive was arrested Thursday and charged with securities fraud for what Manhattan federal prosecutors say were multiple instances of insider trading in the stock of the publicly traded aerospace and technology company.

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Jury Finds Okla. Highway Contractor Guilty Of Price-Fixing

By Matthew Perlman

A federal jury in Oklahoma found a highway runoff contracting business and two of its employees guilty of antitrust violations for a price-fixing conspiracy that allegedly impacted $100 million in publicly funded construction contracts in the state.

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Sens. Call On FINRA To Update Rules To Curb Transfer Fraud

By Sarah Jarvis

U.S. Sens. Ron Wyden, D-Ore., and Elizabeth Warren, D-Mass., urged the Financial Industry Regulatory Authority to boost consumer protections to prevent brokerage fraud through the Automated Customer Account Transfer Service, pointing to "structural weaknesses" in the system they say bad actors are exploiting to drain customers' brokerage accounts.

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Fashion Biz Founder Gets 5 Years For Large-Scale Fraud

By Pete Brush

A federal judge in New York sentenced the founder of bankrupt apparel company CaaStle to five years in prison on Thursday after she admitted to deceiving investors about the prospects of her supposed $1.4 billion business to fraudulently raise nearly $300 million.

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Ex-Trade Desk Finance Director Accused Of Insider Trading

By Gina Kim

A former Trade Desk finance director traded on insider information ahead of public earnings announcements by his former employer, netting over $338,000 in profits, according to an indictment unsealed Thursday and a U.S. Securities and Exchange Commission complaint, both in New York federal court.

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Brief

Deutsche Bank Freed From Fed's 2017 Forex-Rigging Order

By Katryna Perera

The Federal Reserve has terminated a 2017 enforcement action that required Deutsche Bank to pay nearly $137 million over its alleged role in Wall Street's foreign exchange rate-rigging scandals.

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SEC Scraps Broker's Fine But Backs Trade-Clearing Ban

By Jessica Corso

The U.S. Securities and Exchange Commission said the nation's largest clearing agency was within its rights to block a now-defunct brokerage firm from using its services, but the commission said the broker would no longer have to pay a fine nor be on the hook for attorney fees for appealing the decision.

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SEC Won't Lift Trading Suspension On Chinese Biotech Firm

By Sarah Jarvis

The U.S. Securities and Exchange Commission has upheld Nasdaq's decision to delist the stock of Shineco Inc. after the Chinese biotech firm repeatedly violated the exchange's listing requirements, rejecting the company's arguments that a Nasdaq hearing panel reached its decision too quickly and did not properly consider plans for new operations at Shineco.

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OCC Greenlights Brazil Banking Giant's Bid To Form US Bank

By Katryna Perera

The Office of the Comptroller of the Currency on Thursday preliminarily approved a charter application from Brazil-based Itaú Unibanco SA, guided by Arnold & Porter, to establish a national bank in the United States.

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Brief

Defunct Tax Startup CEO Barred From Deceiving Investors

By Zak Kostro

A California federal judge prohibited the CEO of a defunct tax compliance startup who was accused by the U.S. Securities and Exchange Commission of swindling $13 million from investors from deceiving anyone or disseminating false information regarding investments in violation of securities laws.

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Selig Says CFTC Will Propose Crypto Rules If Clarity Act Stalls

By Aislinn Keely

U.S. Commodity Futures Trading Commission Chairman Michael Selig said Thursday that he's directed agency staff to begin crafting crypto rules in the event that crypto market structure legislation fails to move forward in September.

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Adviser, Startup To Pay SEC $266K For Taking Client Data

By Kia Fatahi

The U.S. Securities and Exchange Commission has secured a nearly $266,000 judgment against a California-based investment adviser and his firm, and banned him from practicing for three years after he allegedly emailed himself confidential client information from his former employer and used it to launch his own investment firm.

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Meta Atty 'Absolutely Wrong' On Client Privilege, Judge Warns

By Dorothy Atkins

With trial dark Thursday due to juror illness, a California judge overseeing states' claims that Meta Platforms Inc. hid social media's harms heard arguments over evidence, at one point criticizing Meta's efforts to assert attorney-client privilege and calling the company's in-house lawyer "absolutely wrong" about the appropriate standard.

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Instagram Algorithm Czar Tells Jury Safety Helps Profits

By Cara Salvatore

The Instagram executive responsible for the algorithm kicked off Meta's defense case Thursday over Tennessee's claims it concealed harm to youths' mental health, testifying the company's efforts to protect children also protect its bottom line.

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CFPB Rips 'Baseless' CashCall Bid To Ax $157M Judgment

By Jon Hill

The Consumer Financial Protection Bureau has urged a California federal court to reject lender CashCall Inc.'s bid to wipe out its more than $157 million enforcement judgment, slamming its claims of a settlement bait-and-switch by the agency as "baseless."

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Corridor TV To Pay $27,000 For Emergency Broadcast Misses

By Aneeta Mathur-Ashton

Corridor Television will pay a voluntary contribution of $27,000 to resolve an investigation from the Federal Communications Commission into whether it submitted misleading information about its participation in three nationwide tests of the Emergency Alert System.

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HMRC Resumes Late-Filing Penalties For Corporate Tax

By Kevin Pinner

HM Revenue & Customs is resuming the issuance of late-filing penalties for corporation tax after pausing the system to incorporate higher rates, the tax authority said Thursday.

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Dentons Hires Longtime K&L Gates Healthcare Lawyer

By Jack Rodgers

Dentons has hired a K&L Gates LLP healthcare partner and office managing partner who spent more than 17 years at that firm advising pharmaceutical, biotechnology, medical device and other life sciences clients on regulatory, compliance and transactional matters.

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CFPB Complaint Portal Overhaul Signals Changing Priorities

The Consumer Financial Protection Bureau's updates to its consumer complaint portal and decision to cease publishing consumer complaint narratives should be viewed by companies as one component of a larger recalibration of how the CFPB collects information and allocates its supervisory and enforcement resources, say attorneys at Cooley.

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Monitor Exposure, Stay Flexible Amid Tariff Uncertainty

To navigate an unstable trade environment, businesses must evaluate their exposure to new tariffs invoked under a patchwork of statutory authorities and be prepared to adapt to further changes that may be on the horizon, says Bhargav Prajapati at Capital Trade.

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SEC Rulemaking Radar: The Rubber Meets The Road

The U.S. Securities and Exchange Commission's new rulemaking agenda shows its regulatory reset taking shape, with sweeping crypto proposals that could bring the biggest changes it has made to broker-dealer, exchange and trading compliance in decades, says Christopher Grobbel at Goodwin.

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Costco Chicken Case Highlights Food Labeling Lessons

Recent litigation over allegedly deceptive food labels, including the ongoing proposed class action in a California federal court over Costco's rotisserie chicken, shows that plaintiffs rarely focus on single label statements in isolation — so product claims that comply with regulations could still incur litigation risk, says Brandy Alonzo-Mayland at Michelman & Robinson.

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Managing OSHA Mental Illness Logs After 5th Circ. Vacatur

Employers with facilities in multiple states need to carefully weigh their recordkeeping procedures following the Fifth Circuit’s recent decision that the Occupational Safety and Health Administration cannot require employers to log work-related mental illness, as inconsistent logs across facilities may raise other issues, say attorneys at Haynes Boone.

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DOJ Healthcare Declination Offers Self-Disclosure Checklist

The U.S. Department of Justice's declination of criminal charges against Campus Eye Management signals that its new self-disclosure policy provides a real path for healthcare companies to avoid criminal exposure, but that path is paved with speed, transparency and operational remediation, says Jonathan Porter at Husch Blackwell.

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Series

Being In A Band Made Me A Better Lawyer

Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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TikTok's Ex-Legal Head Made Racist Comments, Suit Says

By Bonnie Eslinger

TikTok and its former head of global legal operations have been accused in a California state court lawsuit of harassment and discrimination based on race and sex by a former legal department employee who claims the executive subjected her and other nonwhite colleagues to an "unrelenting campaign of harassment."

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Uber Gets Greenlight On Most Fraud Claims Against LA Firms

By Hailey Konnath

A California federal judge Wednesday largely rejected two Los Angeles personal injury firms' attempts to ditch Uber's suit claiming it's being targeted by a scheme involving fraudulent personal injury claims, finding Uber has plausibly alleged that the firms schemed with a surgeon to rack up medical costs.

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Trump Taps DOJ Official, ND Solicitor General For Judgeships

By Courtney Bublé

President Donald Trump announced Thursday he's tapping Jesus Osete, a top U.S. Department of Justice official, to serve on the Western District of Missouri and Philip Axt, solicitor general of North Dakota, for the District of North Dakota.

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Jay-Z Appeals Buzbee Win In Rapper's Defamation Suit

By Rae Ann Varona

Music mogul Jay-Z's counsel fought uphill Thursday to convince a California state appeals court to revive claims that Texas attorney Tony Buzbee defamed and extorted him by roping him into a sexual abuse suit against Sean "Diddy" Combs, arguing in court that a trial court erroneously read evidence in Buzbee's favor.

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CREXi Drops 9th Circ. Challenge To Quinn Emanuel DQ

By Isaac Monterose

Property listing company Commercial Real Estate Exchange Inc. has moved to dismiss its own Ninth Circuit mandamus petition, which challenged a lower court's disqualification of CREXi's counsel, Quinn Emanuel Urquhart & Sullivan LLP, from a legal battle against rival CoStar.

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Eastman Among 16 Calif. Attys Disbarred In Q2 2026

By Emily Sawicki

The State Bar of California removed the licenses of 16 attorneys between April and June of this year over a broad spectrum of ethical breaches ranging from the high-profile case of John Eastman attempting to overturn the results of the 2020 presidential election, to a lawyer found to be in possession of child sex abuse images.

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