'We Need Your Help': Banks Rallied For Stablecoin Yield Fight

By Aislinn Keely

Banking groups are making a push for stronger language prohibiting stablecoin yield payments ahead of a looming Thursday markup of the Senate banking committee's long-awaited proposal to regulate crypto markets.

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Fed's Bowman Says Bank Ratings Changes Are On The Way

By Jon Hill

Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that regulators are preparing an overhaul of a key ratings system used for grading the condition of banks, casting it as part of a broader push to refocus bank oversight on so-called material financial risks.

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SEC Sends Plan To Nix Settlement 'Gag Rule' To White House

By Sarah Jarvis

The U.S. Securities and Exchange Commission has submitted to the White House a plan for rescinding a more than 50-year-old policy of restricting defendants who settle enforcement actions from denying the claims against them.

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Kalshi To Take Arizona Injunction Bid To 9th Circ.

By Aislinn Keely

Kalshi Inc. on Monday told the federal court overseeing its sports contract brawl with Arizona regulators that it's appealed an order denying its request to enjoin Arizona officials from enforcing state gaming laws against it to the Ninth Circuit.

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Binance Wants Last Claim Tossed In Hamas Victims' Suit

By Sydney Price

Binance and its former CEO Changpeng Zhao have asked a Manhattan federal court to toss the last remaining claim in a lawsuit alleging the cryptocurrency exchange aided and abetted the terrorist group Hamas' attack in Israel, saying recent decisions in similar cases support dismissal.

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Binance Takes Investor Suit Arbitration Bid To 11th Circ.

By Sydney Price

Binance and former CEO Changpeng Zhao are asking the Eleventh Circuit to review a Florida federal judge's decision denying their bid to compel arbitration of a proposed class action alleging that the crypto trading platform knowingly violated U.S. regulatory requirements.

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Binance Win Shows Constraints On Anti-Terrorism Act Claims

The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.

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Understanding The Insider Trading Gap In Prediction Markets

While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.

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Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

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Analysis

Trading Scheme Is A 'Wake-Up Call' For BigLaw Compliance

By Chris Villani

The breadth of a decade-long insider trading scheme prosecutors say was fueled by stolen BigLaw merger information should jolt firms to reexamine their practices to close gaps in internal security, experts told Law360, even if totally eliminating bad actors is nearly impossible.

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Quinn Emanuel Founder Exiting Executive Chair Role

By Tracey Read

Four decades after high-stakes litigation firm Quinn Emanuel Urquhart & Sullivan first opened in Los Angeles, founding partner John B. Quinn is stepping down as executive chairman of the firm effective immediately.

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NY Ethics Panel Finds US Attorney Committed Misconduct

By Courtney Bublé

The New York Attorney Grievance Committee has found that President Donald Trump's pick leading the U.S. Attorney's Office for the Northern District of New York engaged in "professional misconduct" last summer, according to a letter released on Monday.

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Trump Taps 6 Judges, Including Picks Needing Blue Slips

By Courtney Bublé

President Donald Trump announced six judicial nominees on Monday, including picks for the Eighth and Tenth Circuits and two district court picks that needed support from Democrats.

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ChatGPT Suit Points To Ups And Downs Of Pro Se AI Use

By Cara Bayles

A recent lawsuit against OpenAI highlights many of the hopes and anxieties about pro se litigants using generative artificial intelligence to churn out legal arguments. The technology raises concerns about confidentiality, hallucinations and ethical issues, but some access-to-justice advocates worry the lawsuit may hinder technology that might democratize legal services.

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Plaintiffs' Attys Sanctioned In Tylenol MDL, Sparking Appeal

By Gianna Ferrarin

A New York federal court sanctioned a plaintiffs' firm and its co-founder in federal multidistrict litigation by families alleging that prenatal exposure to acetaminophen can cause autism, saying they improperly shared confidential information from the case in related state court actions.

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Senate Confirms 13 US Attorneys In En Bloc Vote

By Courtney Bublé

The Senate voted 46-45, along party lines, to confirm 13 U.S. attorneys on Monday as part of a larger nominations package.

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Pa. Law Firm, Doctors Can't Shake Uber, FedEx RICO Suit

By Linda Chiem

A Pennsylvania federal judge said Monday that Uber and FedEx offered extensive and detailed allegations to press ahead with their racketeering lawsuit accusing a Philadelphia personal injury firm and local healthcare providers of scheming to fabricate medical records to inflate accident claims.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled a varied mix of settlement approvals, political office disputes, transaction fights, emergency injunction bids and questions over how far the court can go to preserve records for litigation outside Delaware.

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