A federal jury in Manhattan convicted a Maryland cybersecurity consultant on Wednesday of what prosecutors say was a two-pronged heist of well over $53 million in cryptocurrency from Uranium Finance that wiped out the short-lived decentralized exchange.
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TOP NEWS

Cyber Consultant Convicted Of $53M Uranium Finance Heist

By Stewart Bishop

A federal jury in Manhattan convicted a Maryland cybersecurity consultant on Wednesday of what prosecutors say was a two-pronged heist of well over $53 million in cryptocurrency from Uranium Finance that wiped out the short-lived decentralized exchange.

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1st Circ. Skeptical Of Legal Basis For IRS-ICE Data Sharing

By Julie Manganis

The First Circuit repeatedly suggested during a hearing Wednesday that the Trump administration's use of a privacy exception in the tax code for criminal investigations to justify demanding tax records of noncitizens could allow it to target nearly anyone's private returns.

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Analysis

Trump Admin Calls AI Giants' Exemption Bid 'Moat-Digging'

By Bryan Koenig

Artificial intelligence companies have approached both Congress and federal regulators about granting them a broad exemption from antitrust liability that would let them pursue a coordinated slowdown of development.

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Roblox Says Suicide Suit Must Be Arbitrated Or Dismissed

By Mike Curley

Roblox Corp. is asking a Kentucky federal judge to send to arbitration a mother's suit alleging her teenage daughter died by suicide as a result of using the platform, saying both the child and her parents repeatedly agreed to an arbitration clause in its terms of service, and that it is immune from liability for third-party content.

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Model Accuses Baldoni's Atty Of Perry Death Smear Campaign

By James Boyle

A Los Angeles woman has accused prominent entertainment attorney Bryan Freedman and several public relations professionals in California state court of participating in an online smear campaign that falsely linked her to the death of actor Matthew Perry, claiming the campaign was part of a broader network of anonymous websites targeting critics and adversaries of the defendants and their clients.

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POLICY & REGULATION

Local Banks Want In On Plan To Use Banks To Stop Robocalls

By Nadia Dreid

Community banks want to make sure they qualify to issue letters of credit to voice providers if the Federal Communications Commission decides to go through with rules that would require companies to show they have financial backing in the hopes of staunching the onslaught of robocalls.

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FCC Weighing Reg To Block Adversary Equipment Labs

By Christopher Cole

The Federal Communications Commission will consider an order this month to block certain foreign adversaries' testing labs from clearing equipment for the U.S. market.

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House, Senate Dems Pitch Plans To Clamp Down On AI Harms

By Allison Grande

A House Democrat floated draft legislation Wednesday aimed at making it easier for those harmed by emerging artificial intelligence systems to sue developers for damages, on the same day that the top Democrat on the U.S. Senate Commerce Committee unveiled her own comprehensive framework for addressing "catastrophic" risks posed by AI.

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ENFORCEMENT

Florida AG Seeks To Force Meta To Curb Addictive Features

By Emily Field

The Florida attorney general Wednesday asked a state court to compel Meta Platforms Inc. to impose age verification measures and curb addictive features, saying that a recent $17.1 billion settlement with other state attorneys general shows that the social media giant can do so.

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LITIGATION

Crypto.com Beats Website Users' Tracking Suit, For Now

By Gina Kim

A California federal judge dismissed, for now, a proposed class action alleging Crypto.com's site operator allowed third parties to track visitors' browsing activities despite rejecting the use of cookies, ruling Monday the plaintiffs lack standing since the information that was allegedly collected wasn't sensitive enough to constitute concrete injury.

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Brief

Copyright Office Probes AI's Role In Streaming Fraud

By Ivan Moreno

The U.S. Copyright Office is examining whether music-streaming fraud and artificial intelligence-generated music are affecting royalty payments and licensing systems as part of a broader inquiry requested by Congress.

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PEOPLE

RPC Launches First US Office In NY With Insurance Partner

By Andrea Keckley

International law firm Reynolds Porter Chamberlain LLP is expanding into the U.S. with a New York office led by an insurance coverage specialist formerly with Kaufman Borgeest & Ryan LLP.

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EXPERT ANALYSIS

Series

Illinois Banking Brief: All The Notable Legal Updates In Q3

Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digital asset tax, say attorneys at Barnes & Thornburg.

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Why And How To Build A Neurodiversity-Informed Practice

By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

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LEGAL INDUSTRY

Omni Bridgeway Raises $1B For New Litigation Funding

By Ryan Boysen

Litigation funder Omni Bridgeway has raised a new $1 billion fund from mostly repeat investors, with plans to deploy the money broadly across countries and case types while avoiding debt leverage.

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Alito Explains Recusal But Says It Shouldn't Become Practice

By Katie Buehler

U.S. Supreme Court Justice Samuel Alito said this week he "reluctantly" recused himself from a dispute that could decide whether state and local government can sue Big Oil in state courts for damages related to greenhouse gas emissions, while suggesting the high court's members shouldn't make a practice of explaining their reasons for stepping away from cases.

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Justices' Docs Should Belong To Public, Gov't Watchdogs Say

By Jack Karp

Nearly two dozen government accountability groups are calling for Congress to enact a law that would make U.S. Supreme Court justices' papers government property that would someday be available to the public.

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Analysis

Uncertainty Surrounds Judge Newman's 11th Circ. Transfer

By Dani Kass

Chief Justice John Roberts' order to transfer the Federal Circuit Judicial Council's disability investigation of a suspended 99-year-old judge to another court offers the neutral evaluation the judge has long been asking for, but attorneys are concerned about the transparency of the proceeding.

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California Federal Judge Jeffrey White To Retire After 24 Years

By Bonnie Eslinger

Senior U.S. District Judge Jeffrey S. White will retire at the end of the year after nearly a quarter-century on the federal bench in Northern California.

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ABA Accreditor Leader Remembered For Passion And Intellect

By Emma Cueto

After her sudden death while leading the American Bar Association council that handles law school accreditation, Melissa Hart is being remembered as a passionate and fiercely intelligent jurist, mentor and leader who will be missed as the council navigates numerous challenges to its accreditor status.

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LAW FIRMS IN TODAY'S NEWS

Anapol Weiss

Barnes & Thornburg

Boies Schiller

Cooley LLP

DWF LLP

Davis Wright Tremaine

FBT Gibbons

Guerra LLP

Gutride Safier

Jackson Lewis PC

Kaufman Borgeest

Keker Van Nest & Peters

Keller Postman

King & Spalding

Lenze Lawyers

Liner Freedman

McBrayer PLLC

Oberheiden PC

Orrick Herrington

Reynolds Porter

Rule Garza

Sanford Heisler

Shinder Cantor

Stoll Keenon

Vinson & Elkins

Winston Taylor

COMPANIES IN TODAY'S NEWS

AOL

American Bar Association

Anthropic PBC

Apple Inc.

Asian American Center for Advancing Justice

Binance Holdings Ltd.

Burford Capital LLC

ByteDance Ltd.

Chevron Corp.

Cisneros

Citizens for Responsibility & Ethics in Washington

ConocoPhillips

Consumer Watchdog

Discord Inc.

Experian PLC

Exxon Mobil Corp.

Getty Images Holdings Inc.

Google LLC

Greater Boston Legal Services

Independent Community Bankers of America

Ironshore Inc.

LinkedIn Corp.

Meta Platforms Inc.

Microsoft Corp.

NVIDIA Corp.

New Civil Liberties Alliance

Nuance Communications Inc.

Omni Bridgeway Ltd.

OpenAI OpCo LLC

Phillips 66

Roblox Corp.

Snap Inc.

Space Exploration Technologies Corp.

Spectrum Management Holding Co.

Suncor Energy Inc.

The City University of New York

The State University of New York

TikTok Inc.

TransUnion LLC

Twitter Inc.

U.S. Chamber of Commerce

UCLA Health System

Wayfarer Studios

Willis Towers Watson PLC

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Centers for Disease Control and Prevention

Colorado Supreme Court

Federal Communications Commission

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Fish and Wildlife Service

Illinois Department of Financial and Professional Regulation

Internal Revenue Service

Los Angeles Superior Court

National Institute of Standards and Technology

Office of the Comptroller of the Currency

U.S. Attorney's Office for the Southern District of New York

U.S. Copyright Office

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Education

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the District of Maryland

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

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

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

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

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Sentencing Commission

U.S. Supreme Court