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

Sheppard Mullin Hit With Class Action Over Data Breach

By Jake Maher

A former Sheppard Mullin Richter & Hampton LLP paralegal launched a proposed class action against the firm in California federal court on Wednesday over a cyberattack it had in August, in which she says at least 1,000 people's names and Social Security numbers were stolen.

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IP Rights Group Urges Against Litigation Funding Disclosure

By Elliot Weld

An inventor rights advocacy group has told a federal courts rules committee that requiring the disclosure of who is funding civil litigation would put independent inventors at a disadvantage when trying to enforce patents against a larger company.

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Analysis

New Fraud Division Flexes Might In Latest Enforcement Policy

By Phillip Bantz

The National Fraud Enforcement Division's new corporate enforcement policy emphasizes the quick pursuit of certain types of fraud through data analysis and staff resources, expands the target list beyond traditional healthcare providers and highlights the division's growing dominance within the U.S. Department of Justice, experts say.

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Cornell Defendant Seeks To Nix James As Special Prosecutor

By Andrea Keckley

One of the seven men accused of drugging and raping a fellow Cornell University student at a fraternity home has asked a New York state court to void Gov. Kathy Hochul's appointment of New York Attorney General Letitia James as special prosecutor in the case.

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Gov't Attys Could Face Sanctions Over AI Use Omissions

By Madeline Lyskawa

A U.S. Court of Federal Claims judge has ordered four government attorneys to explain why they shouldn't be sanctioned for making factual misrepresentations about the U.S. Army's use of artificial intelligence to evaluate contract proposals.

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Split Congress Could Spur Competing Probes, Cleary Finds

By Courtney Bublé

If the new year brings an era of divided Congress, then "dueling investigations" into the same topics should be expected, Cleary Gottlieb Steen & Hamilton LLP said in a report it released Thursday.

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Fla. Judge Says Oct. 7 Attack Was 'Inflection Point' For U.S.

By David Minsky

U.S. District Judge Roy K. Altman addressed a small group of attorneys in a Florida law office to speak on his book about the October 2023 Hamas-led attack on Israel, saying public debate over facts surrounding the event and underlying feud has reached an "inflection point" in America.

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Buzbee Faces $970K Fee Bid In Dismissed Conspiracy Cases

By Lynn LaRowe

A Mississippi lawyer is asking a Texas state court to award her more than $970,000 in fees after defeating claims that she and her law firm conspired with rapper Shawn "Jay-Z" Carter and Quinn Emanuel Urquhart & Sullivan LLP to retaliate against prominent Houston plaintiffs attorney Tony Buzbee and two of his former clients.

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Dems Says GOP Broke Senate Rules In Jack Smith Hearing

By Courtney Bublé

The Democrats on the Senate Judiciary Committee have accused Republicans of violating committee rules during a hearing last week with former special counsel Jack Smith.

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LAW FIRMS IN TODAY'S NEWS

Anapol Weiss

Arnold & Porter

Baker & Hostetler

Barnes & Thornburg

Boies Schiller

Bracewell LLP

Bradley Arant

Buzbee Law Firm

Cleary Gottlieb

Cooley LLP

DWF LLP

Davis Wright Tremaine

FBT Gibbons

Fox Rothschild

Gibson Dunn

Guerra LLP

Gutride Safier

Jackson Lewis PC

Kaufman Borgeest

Keker Van Nest & Peters

Keller Postman

King & Spalding

Lenze Lawyers

Liner Freedman

MJ Legal PA

McBrayer PLLC

McDermott Will & Schulte

Miller & Chevalier

Morgan Lewis

Nesenoff & Miltenberg

Oberheiden PC

Paul Hastings

Quinn Emanuel

Reed Smith

Reynolds Porter

Rule Garza

Sanford Heisler

Sheppard Mullin

Shinder Cantor

Stoll Keenon

Strauss Borrelli

Tripp Scott

Vinson & Elkins

WilmerHale

Winston Taylor

COMPANIES IN TODAY'S NEWS

AOL

Amazon.com Inc.

American Bar Association

Anthropic PBC

Asian American Center for Advancing Justice

Atlanta Hawks

Binance Holdings Ltd.

ByteDance Ltd.

Cisneros

Cornell University

Discord Inc.

Experian PLC

Google LLC

Greater Boston Legal Services

Independent Community Bankers of America

Ironshore Inc.

LinkedIn Corp.

Meta Platforms Inc.

Microsoft Corp.

NVIDIA Corp.

Nuance Communications Inc.

OpenAI OpCo LLC

ROC Nation LLC

Roblox Corp.

Snap Inc.

Space Exploration Technologies Corp.

Spectrum Management Holding Co.

TikTok Inc.

Toyota Motor Corp.

TransUnion LLC

Twitter Inc.

UCLA Health System

United Nations Children's Fund

Wayfarer Studios

Willis Towers Watson PLC

Yale University

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Centers for Disease Control and Prevention

Commodity Futures Trading Commission

Consumer Financial Protection Bureau

Executive Office of the President

Federal Communications Commission

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Food and Drug Administration

Illinois Department of Financial and Professional Regulation

Internal Revenue Service

Los Angeles Superior Court

National Institute of Standards and Technology

New York Attorney General's Office

Office of the Comptroller of the Currency

Texas Supreme Court

Texas Tenth Court of Appeals

U.S. Army

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

U.S. Copyright Office

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

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

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 Southern District of Florida

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

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Sentencing Commission

U.S. Supreme Court