Big banks are broadly pleased with a draft capital-rule overhaul that federal regulators project would deliver the biggest capital relief in a generation, but critics say it rests on shaky legal ground that the banking agencies have "astoundingly" ignored.
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WEDNESDAY, JUNE 24, 2026 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Feds' Capital Revamp Has A Dodd-Frank Problem, Critics Say

By Jon Hill

Big banks are broadly pleased with a draft capital-rule overhaul that federal regulators project would deliver the biggest capital relief in a generation, but critics say it rests on shaky legal ground that the banking agencies have "astoundingly" ignored.

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SEC Urged To Adopt CAT To Fix Market Surveillance Tool

By Jessica Corso

The national stock exchanges that run a key market surveillance tool have told the U.S. Securities and Exchange Commission there is "no realistic fallback" that could replace the tool as the SEC looks for ways to trim the tool's budget, but some are urging the agency to take over funding and ownership of the database known as the consolidated audit trail. 

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Solmate Board Enriched Itself, Duped Shareholders, Suit Says

By Katryna Perera

The single largest outside shareholder of crypto treasury company Brera Holdings, which does business as Solmate Infrastructure, has filed suit against the company's board of directors, accusing them in New York state court of brokering "self enriching agreements" to the detriment of shareholders.

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POLICY & REGULATION

SEC Sends E-Delivery Proposal To White House

By Jessica Corso

The U.S. Securities and Exchange Commission could soon put forth a proposal amending the rules for providing electronic statements to investors, following recent comments from SEC Chair Paul Atkins that changes to the opt-in model are "long overdue."

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LITIGATION

Circle Says It's Not Liable To Crypto Users For Drift Hack

By Sydney Price

Circle Internet Group urged a Massachusetts federal court to toss a suit from crypto users accusing the stablecoin issuer of failing to act when $280 million in digital assets was drained from crypto project Drift Protocol in an April Fools' Day exploit, arguing that accusations of inaction are insufficient to support the claims.

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Fintech Firm Advent Software Hits Advent AI With TM Claims

By Elliot Weld

Fintech firm Advent Software hit artificial intelligence firm Advent AI with a trademark infringement suit, saying the similarities in the names of the two companies lead to consumer confusion.

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Voyager Investors Appeal Toss Of Mark Cuban Crypto Case

By Katryna Perera

Investors of collapsed cryptocurrency brokerage Voyager Digital on Tuesday told a Florida federal judge they are challenging his order dismissing their claims against Mark Cuban and the Dallas Mavericks and his ruling denying the transfer of the case to Texas.

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EXPERT ANALYSIS

Opinion

Current Consumer Protection Laws Can Fit Agentic Commerce

While agentic commerce — artificial intelligence that searches, compares and makes purchases for customers — doesn't warrant a new consumer protection regime, it will require companies to design compliance into their products from the outset and challenge regulators to consistently apply existing laws, says Katherine Adkins at Affirm.

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Drawing A Line Between Settlement Pressure And Extortion

U.S. v. Luo, pending in the U.S. District Court for the Southern District of New York, may force courts to address anew when settlement negotiations become criminal extortion, particularly in the age of easily fabricated digital evidence, says attorney Denis Kiely.

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LEGAL INDUSTRY

The 2026 Lawyer Satisfaction Survey

Lawyers are generally happy being lawyers, but nonequity partners and associates told Law360 Pulse that several aspects of their job leave them feeling dissatisfied. Explore our analysis of these and other findings in the 2026 Law360 Lawyer Satisfaction survey.

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Bonus Spotlight

Axinn Giving $25K Bonuses As Glenn Agre Matches Milbank

By Tracey Read

Glenn Agre Bergman & Fuentes LLP will match the Milbank LLP base pay scale for associates, while Axinn Veltrop & Harkrider LLP — which was already paying above-market salaries — will hand out special summer bonuses of up to $25,000, the boutiques told Law360 Pulse Tuesday.

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LA Superior Court Gains Prominence With 'Nuclear' Verdicts

By Daniel Moritz-Rabson

Los Angeles County Superior Court was among the country's top sites for awarding big civil damages in recent years, according to a Lex Machina report.

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NC Becomes First State To Ban Outside Funding Of Civil Suits

By Hayley Fowler

North Carolina has become the first state in the country to ban outside investors from funding civil litigation, after Democratic Gov. Josh Stein signed into law a bill that outlaws third parties from footing the bill for civil suits in exchange for a cut of the payout at the finish line.

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Calif. Judge Restores Immigration Courthouse Arrest Limits

By Hailey Konnath

A California federal judge Tuesday vacated the Trump administration's policies on civil arrests at immigration courthouses, restoring limits on those arrests and finding that the government didn't adequately explain its policy shift.

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NY Rule Rewrite Drops 30-Day Pause For Atty Soliciting

By Emily Sawicki

New York's Appellate Division has adopted new rules of professional conduct on attorney advertising and solicitation, deleting a ban on soliciting clients less than 30 days after an incident.

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Judicial Noms Still Say Biden Won In 2020 — Technically

By Courtney Bublé

A group of judicial nominees, who earlier this month were the first of the Trump administration's nominees to say President Joe Biden won the 2020 election, reiterated in follow-up statements that Biden won the election "as a matter of law" — doubling down on what critics say is an equivocation on the election's outcome.

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Judge Who Denied Goldstein Retrial Says It Wasn't Close Case

By Rachel Rippetoe

A Maryland federal judge has elaborated on her decision to deny SCOTUSblog founder Tom Goldstein's bid for an acquittal or new trial, saying that the evidence presented at trial either supersedes or invalidates his claims of issues with jury instructions and insufficient or excluded evidence.

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Texas Judge Tosses Buzbee Firm's Jay-Z Conspiracy Suits

By Spencer Brewer

A Texas state court has handed a win to Quinn Emanuel Urquhart & Sullivan LLP and a Mississippi law firm, which sought dismissal of claims that they conspired with Shawn "Jay-Z" Carter to retaliate against Houston personal injury firm The Buzbee Law Firm and two of its former clients.

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Ex-AT&T Counsel Charged Over Disclosing Privileged Info

By Sue Reisinger

A former in-house attorney for AT&T, accused of leaking privileged information to opposing counsel while seeking a share of financial gains from a lawsuit filed 18 years ago against the company, has been charged with violating attorney professional conduct rules.

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Judge Allows Brazil To Join Trump Suit Against Justice

By Carolina Bolado

A Florida federal judge on Tuesday allowed Brazil to intervene in a suit by President Donald Trump's media company and online video-sharing platform Rumble Inc. against a Brazilian Supreme Federal Court justice's gag orders but deferred ruling on Brazil's motion to dismiss the suit.

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COMPANIES IN TODAY'S NEWS

AT&T Inc.

Ahern Rentals Inc.

American Bankers Association

American Bar Association

American Tort Reform Association

Bank Policy Institute

Bank of America Corp.

Circle Internet Financial LLC

Citigroup Inc.

Claremont McKenna College

Conference of State Bank Supervisors

Dallas Mavericks Inc.

Financial Industry Regulatory Authority Inc.

Financial Services Forum

Fortress Investment Group LLC

Gawker Media LLC

Google LLC

Independent Community Bankers of America

JPMorgan Chase & Co.

Johnson & Johnson

Lex Machina Inc.

LexisNexis Legal & Professional

LinkedIn Corp.

Meta Platforms Inc.

Milwaukee Bucks

Morgan Stanley

NASCAR Digital Media LLC

National Center for Missing & Exploited Children

New York State Bar Association

Nike Inc.

North Carolina Justice Center

Nuveen LLC

Pennzoil

RELX PLC

ROC Nation LLC

SIFMA

SS&C Advent

Starbucks Corp.

The District of Columbia Bar

The Goldman Sachs Group Inc.

The New York Times Co.

Twitter Inc.

LAW FIRMS IN TODAY'S NEWS

Axinn Veltrop

Bailey & Glasser

Binder & Schwartz

Boies Schiller

Bradley Arant

Brown Rudnick

Buzbee Law Firm

Coblentz Patch

DLA Piper

David Boies

Dordick Law

Faegre Drinker

Foley Hoag

Fowler White Burnett

Gibbs Mura

Gibson Dunn

Glenn Agre

Greenberg Gross

Jones Day

Kasowitz LLP

Kirkland & Ellis

Lawson Huck

Leech Tishman

MJ Legal PA

Milbank LLP

Munger Tolles

Parris Law Firm

Parry Law PLLC

Quinn Emanuel

GOVERNMENT AGENCIES IN TODAY'S NEWS

Executive Office for Immigration Review

Federal Bureau of Investigation

Federal Communications Commission

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Internal Revenue Service

New York State Unified Court System

New York Supreme Court, New York County

North Carolina General Assembly

Office of the Comptroller of the Currency

U.S. Attorney's Office

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

U.S. Attorney's Office for the Northern District of California

U.S. Court of Appeals for the Second 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 District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of Pennsylvania

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

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

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

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

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

U.S. Government Accountability Office

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission