FDIC Proposes AML, Sanctions Rule For Stablecoin Issuers

By Aislinn Keely

The Federal Deposit Insurance Corp. on Friday issued a proposed rule to codify that stablecoin issuers under its supervision must comply with anti-money laundering, Bank Secrecy Act and sanctions requirements and to bolster the FDIC's coordination with the Treasury Department's illicit finance regulators.

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Committee Probes Insider Trading On Kalshi, Polymarket

By Aislinn Keely

The House Committee on Oversight and Government Reform opened an investigation into potential insider trading on Kalshi and Polymarket on Friday with letters asking the prediction market platforms to hand over compliance information and documents related to headline-grabbing trades.

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Tussle Over Sports Prediction Markets Reaches Rhode Island

By Alex Lawson

Rhode Island has come into the legal fray over sports event contracts, as regulators in the Ocean State trade lawsuits with prediction market platforms over whether those offerings violate the state's sports betting laws.

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Kalshi, Polymarket Can't Move Wash., Nev. Suits To Fed. Court

By Ben Adlin

Washington and Nevada regulators' lawsuits accusing prediction markets Kalshi and Polymarket of violating state gambling laws can proceed in their respective state courts, a Ninth Circuit panel ruled Thursday, denying the companies' arguments that the actions raise federal questions and thus belong in federal court.

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OppFi Clinches Win Over $100M Calif. 'Rent-A-Bank' Case

By Jon Hill

A California state judge has freed Opportunity Financial from a California state regulator's pursuit of at least $100 million in fines for alleged predatory lending, sealing the fintech firm's victory over long-running "rent-a-bank" claims that threatened its business model in the state. 

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Former BakerHostetler Crypto Expert Launches New Boutique

By Daniel Connolly

The head of BakerHostetler's digital and innovative markets team, who has represented Binance CEO Changpeng Zhao, has left the firm after more than seven years to launch a new boutique.

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Law360 Reveals Titans Of The Plaintiffs Bar

By Rachel Rippetoe

This past year, 10 lawyers across the country at plaintiffs' firms big and small helped secure millions of dollars in settlements and verdicts for their clients, going up against powerful defendants like Google, Monsanto and the Trump administration, earning the attorneys recognition as Law360's Titans of the Plaintiffs Bar for 2026.

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Banks, Ill. AG Duel Over Swipe-Fee Law's Fate On Remand

By Jon Hill

Banking trade groups are urging a Chicago federal judge to follow a U.S. regulator's lead and confirm that Illinois' forthcoming restrictions on swipe fees are broadly preempted, pressing to capitalize on new federal rules that the state's attorney general says are "too little, too late."

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Fed, OCC Urged To Block 'Predatory' Enova's Bank Buy

By Courtney Bublé

A pair of Senate Democrats cautioned financial regulators about greenlighting fintech lender Enova International's application to become a national bank holding company, calling it a "predatory lender."

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Brief

CFPB Small-Biz Rule Rollback Tees Up End To Ky. Bank Suit

By Sarah Jarvis

Kentucky banks have indicated they will drop their lawsuit over the Consumer Financial Protection Bureau's small-business loan data rule after the agency, now under the Trump administration, significantly scaled back the Biden-era reporting mandate.

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Crypto.com Stuck With Pen Register Claim In Tracking Row

By Allison Grande

A California federal judge has significantly narrowed a proposed class action accusing the operator of cryptocurrency exchange Crypto.com of allowing third parties to track the browsing activities of website visitors who rejected the use of cookies, cutting all the plaintiffs' allegations except for a single claim under the pen register provision of the California Invasion of Privacy Act.

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Crypto Brokerage Blockchain.com Confidentially Files IPO

By Jade Martinez-Pogue

Crypto services firm Blockchain.com is preparing to hit the public markets after announcing that it has confidentially filed initial public offering plans with the U.S. Securities and Exchange Commission.

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2nd Circ.'s Cantero Redo Complicates Mortgage Escrow Issue

The Second Circuit's recent decision in Cantero v. Bank of America reflects the absence of definitiveness in mortgage escrow preemption jurisprudence, leaving lenders to navigate conflicting state rules and pricing challenges amid a deepening circuit split, say attorneys at Sullivan & Cromwell.

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Fox Rothschild Attys Shot Outside NC Courthouse After Hearing

By Hayley Fowler

Two Fox Rothschild LLP attorneys were shot Friday outside a courthouse in Raleigh, North Carolina, according to police reports and a firm spokesperson.

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Survey Finds Legal Malpractice Claim Frequency Grew In 2025

By Andrea Keckley

Insurers reported an increase in the frequency of legal malpractice claims for the first time in several years amid concerns over issues like the uncontrolled use of artificial intelligence, according to this year's legal professional liability insurance survey by EPIC Law Firm Group.

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Prosecutors Seek $1.98M Forfeiture In Goldstein Case

By Jared Foretek

Federal prosecutors are seeking a nearly $2 million forfeiture judgment against convicted SCOTUSblog founder Tom Goldstein and asking a Maryland federal judge to turn the Supreme Court lawyer's Northwest D.C. home over to the government to pay it.

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Discipline Upheld For Fed. Judge Who Had Sex In Chambers

By Madison Arnold

The federal judiciary signed off Friday on a private reprimand for a district judge within the Eleventh Circuit for misconduct that included having an extramarital affair with a law enforcement officer and sexual intercourse in their chambers within earshot of the judge's staff.

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Nelson Mullins Faces $2B Suits Over Alleged Conflicts

By Carolina Bolado

The former wives of two insurance mogul brothers have sued Nelson Mullins Riley & Scarborough LLP for $2 billion, claiming a partner there set up the couples' estates while quietly conspiring with the brothers to shield marital assets from the wives in the event of divorce.

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Ala. Atty Suspended Over 'Atrocious' Bid To Cover Up AI Use

By Rae Ann Varona

A federal judge has suspended an attorney from practicing in the Northern District of Alabama after the attorney deleted his ChatGPT account in a bid to cover up his use of the chatbot to write an erroneous brief, saying the court never imagined having to deal with such "atrocious conduct."

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DOJ Hid Grand Jury Misconduct In ICE Case, Ill. Judge Says

By Celeste Bott

An Illinois federal judge said Thursday her trust in U.S. Department of Justice attorneys had been "broken" after reviewing unredacted grand jury transcripts in a criminal case against anti-ICE protesters that revealed prosecutorial misconduct, shortly after which Chicago's top federal prosecutor moved to dismiss the charges.

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'Can't Just Make Up Names And Sue,' 7th Circ. Judge Says

By Anne Cullen

A Seventh Circuit judge rebuked a lawyer Friday for naming a "made up" entity, rather than the correct institution, in a workplace sexual harassment lawsuit against the Wisconsin Court System and a former judge, demanding the error be corrected immediately.

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UC Berkeley Law Adopts Sweeping Restrictions On AI Use

By Lynn LaRowe

The University of California, Berkeley School of Law has adopted a sweeping new policy that restricts the use of artificial intelligence by students, saying the measure aims to ensure "our courses focus on requisite cognitive skills by default."

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Attys Hijacked 1,000 Storm Cases In 'Shakedown,' Suit Says

By Emily Sawicki

Two Louisiana law firms and a group of politically connected attorneys engaged in a "shakedown" to steal about 1,000 cases filed by hurricane survivors who had hired and built cases with a different firm, alleged a RICO suit filed Thursday in Houston federal court.

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Analysis

Why Big Tech Gets Advisory Juries In 'Socially Explosive' Suits

By Dorothy Atkins

A California federal judge's recent use of advisory juries for high-profile tech disputes — including Elon Musk's OpenAI for-profit conversion challenge and states' social-media addiction fight with Meta — is an uncommon practice that's intended as a "reality check" for judges deciding "socially explosive" disputes, according to legal experts.

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Exclusive

Fed. Judiciary Urged To Drop Unified Atty Admission Effort

By Jack Karp

The federal judiciary should scrap any proposal to do away with state bar admission requirements for U.S. district courts and create a national district court bar, according to a recent report finding it would undercut those courts' control over bar membership and that it lacks the necessary support.

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Analysis

Some Attys Say Remote Hearing Expansion Comes At A Cost

By Julie Manganis

A push in Massachusetts to expand the number of proceedings held via videoconference is raising concerns among some attorneys, who question if the time savings of remote hearings is outweighed by the hidden costs of lawyers and judges staring into a screen.

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Law360's Legal Lions Of The Week

By Kevin Penton

Morrison Foerster LLP, Wachtell Lipton Rosen & Katz and Dechert LLP lead this week's edition of Law360 Legal Lions, after a California federal jury cleared OpenAI and executives Sam Altman and Greg Brockman of allegations that they breached the nonprofit's charitable trust by converting to a for-profit.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The role of artificial intelligence in law weaves in and out of this week's stories, with the most recent compelling action coming from California Gov. Gavin Newsom, who issued an executive order to mobilize state agencies as AI layoffs begin to hit thousands of workers in his state.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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