Binance and its former CEO Changpeng Zhao cannot force into arbitration a proposed class action alleging that the crypto trading platform knowingly violated U.S. regulatory requirements by failing to implement an effective anti-money laundering program and offering and selling unregistered securities, a Florida federal judge ruled Thursday.
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TOP NEWS

Binance Can't Push Investor Suit Into Arbitration

By Katryna Perera

Binance and its former CEO Changpeng Zhao cannot force into arbitration a proposed class action alleging that the crypto trading platform knowingly violated U.S. regulatory requirements by failing to implement an effective anti-money laundering program and offering and selling unregistered securities, a Florida federal judge ruled Thursday.

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SEC Says FTX Auditor Didn't Understand Crypto Markets

By Emilie Ruscoe

A Prager Metis equity partner who led the firm's audits of defunct crypto asset trading platform FTX has been barred, for now, from appearing or practicing before the U.S. Securities and Exchange Commission in connection with the regulator's claims he mishandled the FTX financial reviews and improperly blessed its financial statements.

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KikOff Co-Founder Seeks Records, Alleges CEO Self-Dealing

By Jarek Rutz

The co-founder of a fintech company aimed at building people's credit has asked the Delaware Chancery Court to force the fintech company to turn over internal records, accusing its CEO of consolidating power and engineering transactions that harmed minority stockholders.

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POLICY & REGULATION

Arizona Check Casher Says FinCEN Rule Is 'Crushing' Business

By Sarah Jarvis

A Phoenix-area money services business has sued the Treasury Department over an order targeting such businesses along the Southern border for heightened anti-money laundering reporting requirements, saying the measure imposes "business-crushing burdens" that may force it to close.

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ENFORCEMENT & COMPLIANCE

Crypto CEO Fights Extradition On Human Rights Grounds

By Ronan Barnard

The former chief executive of a crypto-asset company fought against extradition to the U.S. on fraud charges on Thursday, telling a London court that it would violate his human rights as he would be at an increased risk of suicide.

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Fed Ends Crédit Agricole, Goldman Enforcement Orders

By Jon Hill

The Federal Reserve said Thursday that it has closed out another batch of longstanding enforcement actions against big banks, freeing Crédit Agricole, Goldman Sachs and Taiwan's Mega Bank from orders that date to at least 2018.

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LITIGATION

PNC Tells Justices $233M Patent Win Was Rightly Axed

By Elliot Weld

PNC Bank told the U.S. Supreme Court to leave untouched a Federal Circuit ruling that nixed a set of $233 million patent infringement verdicts in suits brought by the United Services Automobile Association, saying USAA's patents were "plainly directed to an abstract idea" not eligible for patent protection.

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BANKRUPTCY

Companies Linked To Scam Network Seek Ch. 15 Recognition

By Emily Lever

Court-appointed liquidators of the companies in the Prince Group — linked by U.S. and U.K. authorities to a massive Cambodia-based "pig butchering" network that used human-trafficked captives to sell scam crypto investments — are seeking Chapter 15 recognition of their insolvency proceedings.

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EXPERT ANALYSIS

Recent Bank Resolution Filings Stress Readiness Over Docs

Against the backdrop of banking regulators' recent emphasis on institutional readiness in the event of a bank failure, a review of more than a dozen public resolution plan submissions points to an immediate future in which regulators and banks alike prioritize operational preparedness over extensive documentation, say attorneys at Moore & Van Allen.

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Series

Alpine Skiing Makes Me A Better Lawyer

Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

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LEGAL INDUSTRY

The 2026 Law360 Pulse Lawyer Satisfaction Survey

How is your work-life balance? Are you content with your compensation and opportunities for advancement at work? Take the 2026 Law360 Lawyer Satisfaction Survey and share your thoughts.

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Lewis Brisbois Accused Of Ignoring Racism, Unethical Billing

By Aebra Coe

A former national billing director of Lewis Brisbois Bisgaard & Smith LLP filed a lawsuit in California state court this week accusing the firm of ignoring racist conduct and sexual harassment by partners, and alleging unethical billing practices and even embezzlement.

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Trump Picks Ohio Ex-Solicitor General For 6th Circ.

By Courtney Bublé

President Donald Trump announced Thursday evening that he is tapping Benjamin Flowers, former solicitor general of Ohio, to serve on the U.S. Court of Appeals for the Sixth Circuit.

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DOJ Calls Immigrant Legal Aid Wasteful In Budget Push

By Courtney Bublé

Tucked into the Trump administration's budget request for fiscal 2027, the U.S. Department of Justice is trying once again to take an ax to a program that provides legal assistance to noncitizens.

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Analysis

Calif. AI Guardrails Split From Feds, Other States May Follow

By Madeline Lyskawa

California Gov. Gavin Newsom's recent executive order directing state agencies to implement guardrails for contracting with artificial intelligence companies marks a rift with the Trump administration's deregulatory approach that could proliferate across other states.

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Fed. Circ. Chief Feels 'Bright-Line Rule Coming' For IP Marking

By Dani Kass

As a Federal Circuit panel reprimanded embattled attorney William Ramey on Thursday for the "disrespect" shown in his failed 3D glasses patent litigation against Volkswagen, the Federal Circuit's chief judge suggested precedent may be needed to define the role of marking in admissionless settlements.

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'Mark Of Autocracy': Court Says Pentagon Defied Press Order

By Lauren Berg

The U.S. Department of Defense has not complied with a court order barring the Pentagon from taking press passes away from journalists who report on matters not authorized by the government, a D.C. federal judge ruled Thursday, saying the department's revised rules "achieve that same unconstitutional result."

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Trade Secrets Suit Is A 'Far-Flung Conspiracy,' Law Firm Says

By Adam Lidgett

A Georgia law firm wants a Nevada federal court to throw out a lawsuit accusing it of stealing trade secrets from litigation lead generator Archetype Capital Partners, calling the whole case "a far-flung conspiracy."

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MMA Law Accuses Lawyer, Insurance Co. Of RICO Scheme

By Emily Sawicki

Embattled Texas firm MMA Law has filed nearly a score of complaints amid an ongoing bankruptcy action, including accusing a Louisiana attorney, his wife and an insurer of working together to "target, dismantle and destroy" the firm in an effort to avoid sharing a cut of legal fees stemming from storm damage claims.

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COMPANIES IN TODAY'S NEWS

American Arbitration Association

American Bankers Association

American Bar Association

Amica Center for Immigrant Rights

Anthropic PBC

Binance Holdings Ltd.

Binance.US

Elite

Google LLC

LinkedIn Corp.

Mega International Commercial Bank Co. Ltd.

State Bar of Texas

The Goldman Sachs Group Inc.

The New York Times Co.

The PNC Financial Services Group Inc.

United Services Automobile Association

Volkswagen AG

LAW FIRMS IN TODAY'S NEWS

6KBW College Hill

Ahmad Zavitsanos

Albright Stoddard

Alexander Morrison & Fehr

Blank Rome

Boies Schiller

Carlton Fields

Dailey LLP

David Boies

Dickinson Wright

Dynamis LLP

Fabian VanCott

Finnegan

Gibson Dunn

Goodwin Procter

Irell & Manella

Jones Day

Lewis Brisbois

Marshall Gerstein

Matrix Chambers

McDonald Carano

Moore & Van Allen

Pillsbury Winthrop

Ramey LLP

Sbaiti & Company

Seyfarth Shaw

Sidley Austin

Sullivan & Cromwell

The Monson Law Firm

Walker and Patterson

WilmerHale

Withersworldwide

Womble Bond

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Department of Technology

Commodity Futures Trading Commission

Delaware Court of Chancery

Executive Office for Immigration Review

Federal Deposit Insurance Corp.

Federal Reserve Bank of Atlanta

Federal Reserve System

Financial Crimes Enforcement Network

Louisiana Department of Insurance

New York Department of Financial Services

Ohio Supreme Court

Texas Supreme Court

The Crown Prosecution Service

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

U.S. Court of Appeals for the Federal Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Defense

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 District of Arizona

U.S. District Court for the District of Columbia

U.S. District Court for the Southern District of Florida

U.S. District Court for the Western District of Texas

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United Nations

United States District Court for the District of Nevada