The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.
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WEDNESDAY, JULY 29, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

DOJ Drops Charges In $722M 'BitClub' Crypto Ponzi Case

By Matthew Santoni

The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.

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Musk's XAI Wants Minn. Ban On Image 'Nudification' Blocked

By Hailey Konnath

Elon Musk's artificial intelligence company xAI asked a federal court to shut down Minnesota's ban on image "nudification" technology, claiming the new law is an "overbroad, content-based ban on free speech" that runs afoul of the First Amendment.

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EBay, Former Execs To Pay $55.7M Over Couple's Harassment

By Julie Manganis

A Massachusetts couple who were stalked and harassed by a group of eBay employees over their blog's coverage of the e-commerce giant reached a $55.7 million settlement with the company and several former executives.

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POLICY & REGULATION

Senate Confirms Jay Clayton As National Intelligence Chief

By Madeline Lyskawa

The U.S. Senate voted Tuesday to confirm Jay Clayton as director of national intelligence, two weeks after Clayton, the former U.S. attorney for the Southern District of New York, refused to answer who he thought won the 2020 election during his confirmation hearing.

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FCC Says Starlink Routers Exempt From Nat'l Security Ban

By Nadia Dreid

The Federal Communications Commission has banned virtually all foreign-made routers from the United States, citing national security concerns, but it isn't worried about ones made by billionaire Elon Musk's satellite internet company Starlink.

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Brief

Humanoids, Other Robotics Added To FCC's Nat'l Security List

By Christopher Cole

The Federal Communications Commission said Tuesday that humanoids and other advanced robotics newly produced in foreign countries will be included on the "covered list" of products restricted from U.S. importation and marketing.

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ENFORCEMENT

Trader In BigLaw Deal-Tipping Scheme To Plead Guilty

By Chris Villani

A Florida resident is set to plead guilty to his alleged role in a sweeping scheme to trade on insider information about impending acquisitions that was stolen from major law firms, according to a court filing Tuesday.

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LITIGATION

Ariana Grande Says Hackers Leaked Songs, Photos For Years

By Gina Kim

Ariana Grande filed a privacy invasion suit in California state court Monday alleging unknown hackers have been stealing and leaking her unreleased masters and demos, behind-the-scene photos, and other content after gaining backdoor access to accounts belonging to people she worked with over the years. 

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Watchdog Org. Asks Court For Trump-IRS Deal Docs

By Zak Kostro

A watchdog organization asked a D.C. federal court to order the government to disclose communications relating to the settlement between President Donald Trump and the Internal Revenue Service over leaks of his tax information.

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Baldoni's Studio Owes NYT $170K For Failed Defamation Suit

By Lauren Berg

"It Ends With Us" director and star Justin Baldoni's production company must pay The New York Times more than $170,000 after it defeated the studio's defamation claims, a New York state judge has ruled, saying the newspaper is entitled to recoup its legal fees.

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LEGAL INDUSTRY

Simpson Thacher Stock Work Hurt 2 Companies, Jury Told

By Madison Arnold

The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly putting together a shoddy securities offering — dramatically affected his own business as well.

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AT&T Whistleblower Told To Cut Facts From Ethics Case Filing

By Sue Reisinger

Former AT&T in-house counsel and whistleblower Theodore Marcus has been asked to delete part of his response to professional misconduct charges pending against him in Washington, D.C., because the filing allegedly contains privileged information.

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1st Circ. Asked To Save Mayer Brown $21M Fee Bid In RI Suit

By Linda Chiem

The American Trucking Associations told the First Circuit that its attorneys at Mayer Brown LLP reasonably justified their request for $21 million in fees and costs after securing "substantial" wins in long-running litigation over Rhode Island's truck tolling program, disputing a district court's determination that the trucking trade group wasn't actually a "prevailing party."

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Winston Taylor Seeks Sanction Against Ex-Client Hunter Biden

By Rae Ann Varona

Winston Taylor urged a D.C. state court on Monday to sanction its former client Hunter Biden in its legal bills collection suit, saying the former president's son destroyed Signal communications that would have proved he understood that he owes the law firm more than $50,000.

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Court Is In Session Whenever A Judge Says It Is, 6th Circ. Told

By Susan Smiley

Court is wherever and whenever a judge says it is, counsel for a Detroit judge told a Sixth Circuit panel Tuesday, arguing that subjecting a student to a mock arrest and trial because she fell asleep during a field trip was within his jurisdiction.

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Queens Defenders Head Gets 3.5 Years For Looting The Nonprofit

By Pete Brush

A Brooklyn federal judge on Tuesday sentenced the former director of the Queens Defenders to more than 3.5 years in prison after the longtime attorney admitted to a course of embezzlement that destroyed the group dedicated to legal services for the poor.

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LAW FIRMS IN TODAY'S NEWS

Adler Pollock

Anderson & Kreiger

Burns Charest

Clark Smith Villazor

Conrad & Scherer

Cooley LLP

Diller Law

Eimer Stahl

Fieger Law

Finkelstein & Partners

Finkelstein Blankinship

Goodwin Procter

Jones Walker LLP

Kinsella Holley

Latham & Watkins

Liner Freedman

Lowell & Associates

Martin G. Weinberg PC

Mayer Brown

Meister Seelig & Schuster

Morrison & Foerster

Perkins Law

Perkins Law Group PLLC

Ropes & Gray

Scalli Murphy Law

Sidley Austin

Simpson Thacher & Bartlett

Stearns Weaver

Stinson LLP

Williams & Connolly

Wilson Sonsini

Winston Taylor

COMPANIES IN TODAY'S NEWS

AT&T Inc.

Air Force One

American Trucking Associations Inc.

Brooklyn Defender Services

Citizens for Responsibility & Ethics in Washington

Citrix Systems Inc.

Cumberland Farms Inc.

Discord Inc.

Enstar Group Ltd.

Instagram Inc.

Johnson & Johnson

Momenta Pharmaceuticals Inc.

Patriot National Inc.

Poshmark Inc.

The District of Columbia Bar

The New York Times Co.

TikTok Inc.

Trump Organization Inc.

Wayfarer Studios

YouTube Inc.

eBay Inc.

iRobot Corporation

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Civil Rights Department

Federal Bureau of Investigation

Federal Communications Commission

Federal Housing Finance Agency

Internal Revenue Service

Minnesota Attorney General's Office

New York Supreme Court, New York County

Office of the Director of National Intelligence

Rhode Island Department of Transportation

Rhode Island Turnpike and Bridge Authority

U.S. Attorney's Office for the District of Massachusetts

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

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

U.S. Court of Appeals for the First Circuit

U.S. Department of Justice

U.S. District Court for the District of Columbia

U.S. District Court for the District of Delaware

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of Minnesota

U.S. District Court for the District of New Jersey

U.S. District Court for the District of Rhode Island

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

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

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Senate Select Committee on Intelligence