Kalshi To Start Requiring Employer Info For Certain Markets

By Ganesh Setty

Prediction market platform Kalshi Inc. announced on Tuesday that it will start requiring users to verify their employer before they can trade on certain markets, and will further implement features allowing users to directly report suspicious trading activity.

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NY Floats Rule To Align Its Stablecoin Regs With Genius Act

By Aislinn Keely

New York's Department of Financial Services on Tuesday proposed regulations to ensure its existing stablecoin framework aligns with the U.S. Treasury Department's coming requirements for state regimes under the federal law governing stable-value tokens.

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OCC Says Fidelity's Crypto Bank Doesn't Need State Licenses

By Aislinn Keely

The Office of the Comptroller of the Currency on Tuesday told Fidelity's crypto-focused trust bank that it can operate nationwide without state money transmitter licenses, taking the firm's side in a licensing dispute with Iowa following its conversion to a national trust charter.

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The Law360 400: A Look At The Top 100 Firms

By Xiumei Dong

The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.

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FDIC's Hill Eyes Resolution Planning, Assessment Changes

By Jon Hill

Federal Deposit Insurance Corp. Chairman Travis Hill said Tuesday that his agency will seek to dial back its living-will requirements for large banks and recalibrate how it charges for deposit insurance, part of a broader push to rethink the agency's approach to handling bank failures.

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Wash. Man Gets 5 Years For $100M Oil Investor Crypto Con

By Gina Kim

A Washington man was sentenced to five years in prison by a federal judge on Tuesday stemming from a scheme where he conned unwitting victims out of nearly $100 million after falsely promising them their funds would go toward oil and gas investments, and routing them to cryptocurrency wallets instead. 

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$200B Visa, Mastercard Swipe-Fee Deal Gets Initial Approval

By Hailey Konnath

A New York federal judge Tuesday preliminarily signed off on Visa Inc. and Mastercard Inc.'s proposed $200 billion settlement with millions of merchants despite dozens of objections from potential class members, saying it was too soon to tell if the complaints are pervasive or "confined to a vocal minority."

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Sunday App Sneaks Restaurant Payment Fee, Suit Says

By Rae Ann Varona

Sunday App, a restaurant payment platform that lets diners pay for meals through a QR code, has been blindsiding consumers by hiding a mandatory platform fee "until the last possible moment" in the payment process, alleges a proposed class action lodged in California state court.

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How Crypto Firms Can Prep As Clarity Act Inches Toward Law

Though the Digital Asset Market Clarity Act’s road to enactment remains uncertain, the statutory framework for regulating digital commodities recently advanced by the Senate Banking Committee is now sufficiently developed that market participants can begin preparing in several areas where the complicated legislation would affect them, say attorneys at Cahill Gordon.

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Easing Of UK Stablecoin Rules Will Encourage Crypto Growth

The Bank of England’s recent decision to relax parts of its proposed framework for sterling-backed stablecoins balances innovation with financial stability, and will help the U.K. remain competitive with crypto markets across the globe, says Thomas Cattee at Gherson.

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Operational AI Washing: The Next Frontier Of Fiduciary Risk

While there are still no final Delaware decisions applying Caremark specifically to artificial intelligence governance failures, previous case law provides a blueprint, so the question for boards is whether their governance architectures will satisfy Caremark when the first cases are decided, say attorneys at Akerman.

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3 Disgorgement Questions Linger After Justices' SEC Ruling

While the U.S. Supreme Court’s recent decision in Sripetch v. U.S. Securities and Exchange Commission avoided placing new limits on the SEC’s disgorgement powers, it passed over several questions, including whether the commission can seek disgorgement when returning the money to investors isn't possible, says David Slovick at Kopecky Schumacher.

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Checking For AI Errors Is Now A Two-Way Street

A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.

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Trial Boutiques Roll Out Associate Pay Raises

By Andrea Keckley

Three trial boutiques are planning to bump associate salaries by at least $10,000 next month, the firms confirmed to Law360 Pulse Tuesday.

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Interview

Burford Sees Growing Market For Stakes In Elite Firms

By Marialuisa Taddia

Burford Capital plans to step up minority equity investments in elite law firms in the U.K. and U.S. that already use its litigation finance, as investor appetite for law firm equity increases, the firm's new London-based chief operating officer told Law360.

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Fox Rothschild Sued Over Data Breach Tied To Ransom Group

By Allison Grande

Fox Rothschild LLP was hit with a proposed class action in Pennsylvania federal court Tuesday accusing the national law firm of failing to adequately protect the "highly sensitive and confidential" personal data entrusted to it from being exposed to a prominent ransomware group in a data breach last month. 

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All Attys In Miss. Suit DQd For Back-To-Back-To-Back AI Flubs

By Emily Sawicki

A Mississippi federal judge who found herself in the "unusual scenario" of reviewing briefs with artificial intelligence-created errors filed by both parties in a lawyer's fee dispute against a Magnolia State municipality has terminated all four attorneys from the case.

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Q&A

Next ABA International Ethics Chair Looks To Year Ahead

By Emily Sawicki

Rob Misey, incoming chair of the American Bar Association's International Ethics Committee, brings a passion for international dialogue to his new role, set to begin in September. Misey discussed his goals of initiating ethics conversations throughout the ABA and with counterparts overseas.

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Analysis

Fed. Circ. 'Recalibrates' Analysis For Constitutional Standing

By Dani Kass

The Federal Circuit eased the line between constitutional and statutory standing last month when reviving A.L.M. Holding Co.'s infringement suit against Zydex Industries Private Ltd., in a decision attorneys say makes standing more accessible and clarifies how patent licensors can maintain their rights.

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5 Firms Barred From Handling NFL Parkinson's Claims

By P.J. D'Annunzio

Five law firms have been disqualified from representing claimants seeking NFL concussion settlement funds for running a scheme that "laundered" questionable Parkinson's disease claims through the system to obtain $95 million, including $20 million in fees, a special masters' report issued Monday says.

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Pa. Law Firm Calls Uber and FedEx's RICO Suit A 'Sham'

By James Boyle

Nearly a month after its motion to dismiss a RICO suit filed by Uber and FedEx was denied by a Philadelphia federal judge, personal injury firm Simon & Simon PC has lodged a counterclaim against the companies, saying their complaint is a "frivolous sham."

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Senate Confirms Longtime Kan. Prosecutor, KBI Chief To Bench

By Courtney Bublé

The Senate voted 51-46, along party lines, on Tuesday to confirm Tony Mattivi, director of the Kansas Bureau of Investigation, to serve on the bench in the District of Kansas.

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