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TOP NEWS
Crypto Firms Urge CFTC To Tailor Rules, CME Urges Caution
By Aislinn Keely
Cryptocurrency industry groups and firms are urging the U.S. Commodity Futures Trading Commission to make regulatory tweaks to ensure blockchain-based financial products aren't burdened by unsuitable requirements of traditional registration categories, while some traditional finance players told the agency to tread carefully as it considers deregulation for fintech businesses.
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SECURITIES & BANKING
CRYPTO & FINTECH
ENERGY & ENVIRONMENTAL
MassDOT, Contractors Ignored Environmental Rules, AG Says
By Julie Manganis
The Massachusetts Department of Transportation and a group of private contractors working on a nearly complete bridge project just outside Boston have violated multiple state environmental laws and regulations, exposing workers and nearby residents to asbestos and other hazardous materials, the state's attorney general alleged in a lawsuit launched Friday.
Complaint attached |
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EMPLOYMENT & BENEFITS
PUBLIC INTEGRITY
GOV'T CONTRACTS
CYBERSECURITY & PRIVACY
FINTECH
WHITE COLLAR
CONSUMER PROTECTION & PRODUCT LIABILITY
CFPB, Union Seek Pause On Review Of Layoff Plan
By Sarah Jarvis
The Trump administration and a federal labor union that represents staffers at the Consumer Financial Protection Bureau have jointly asked a D.C. federal court to pause weighing a response to the administration's plan to lay off about half of the agency's remaining workforce, arguing the president's nominee to head the agency should be given the chance to review the plan if he is confirmed.
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Esco Bar Maker, FDA End Vape Suit Without Prejudice
By Jonathan Capriel
The manufacturer behind the popular vape brand Esco Bar has agreed to end its lawsuit accusing the U.S. Food and Drug Administration of unfairly rejecting its $7 million application seeking permission to sell more than 100 vape products, with a federal judge sitting by designation in Texas accepting a stipulated dismissal.
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TELECOMMUNICATIONS
REAL ESTATE
NATIVE AMERICAN
TAX
EXPERT ANALYSIS
AI Governance Tips For Avoiding Securities Suits
A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.
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How New FERC Orders Are Prepping Grid For Large Loads
The Federal Energy Regulatory Commission's recent show-cause orders to grid operators to justify how their rates and regulations account for the interconnection of large and colocated loads like data centers may be just the first step in FERC's efforts to address anticipated reliability and affordability challenges in the coming years, say attorneys at Baker Donelson.
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LEGAL INDUSTRY
HHS' Ex-GC Committed Ethics Violations, Watchdog Says
By Craig Clough
A watchdog organization filed a complaint Thursday with the U.S. Department of Health and Human Services' Office of Inspector General seeking an investigation into former HHS general counsel Michael Stuart over alleged federal ethics violations, saying it appears he failed to divest from prohibited financial holdings and made prohibited investment purchases after taking office.
Complaint attached |
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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 lawyer Ian Rosenblatt launch legal action against music mogul Simon Cowell, Boohoo face a fresh investor claim after previously facing allegations that it feigned ignorance of labor abuses in its supply chain, and an ex-Tory MP and his chief of staff sued by their former employer. Here, Law360 looks at these and other new claims in the U.K.
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