Coinbase Gets Final OCC OK For Custody-Focused Trust

By Aislinn Keely

Crypto exchange Coinbase said Monday that the Office of the Comptroller of the Currency finalized its national trust charter, allowing the crypto exchange to launch its federally regulated crypto custody operation.

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Polymarket Adds Missouri Suit To Prediction Market Brawl

By Katryna Perera

Missouri was hit Monday with another lawsuit brought by a prediction market platform, this time with Polymarket filing a preemptive complaint to stave off a threatened gambling enforcement action by the state, as litigation over sports event contract offerings nationwide continues to grow.

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Fintech Platform Stiffed Acting CEO On Way Out, Suit Says

By Julie Manganis

A former interim leader at financial technology platform Advisor360 said in a lawsuit filed in Massachusetts state court that he was promised a retroactive pay bump for stepping into what was effectively an interim CEO role last year, only to be ousted after he sought to enforce the deal.

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CFPB Sends Mortgage Servicing Updates To White House

By Sarah Jarvis

The Consumer Financial Protection Bureau has submitted to the White House a final rule updating its mortgage servicing rules following a proposal under the previous administration that stemmed from lessons learned in the COVID-19 pandemic, though it wasn't immediately clear how the final rule compares to the proposed version.

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Ex-Finance Pro At The Trade Desk Cops To Insider Trading

By Pete Brush

A California financial planner Monday told a New York federal judge he traded on confidential earnings information of his then-employer, The Trade Desk Inc., admitting to insider trading charges after prosecutors accused him of making over $338,000 in illegal profits.

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Brief

USTR Extends Vietnam Section 301 IP Investigation

By Dylan Moroses

The U.S. Trade Representative is extending its investigation into Vietnam's trading practices for three more months, according to a notice published Monday.

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LGBCoin Defendant Hit With Sanctions Over Fake Citations

By Carolina Bolado

A Florida federal judge Monday handed investors in a "Let's Go Brandon" meme coin a win when he sanctioned LGBCoin Ltd. for bad-faith litigation tactics by entering a default judgment against the company.

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Key Themes In State Bank Supervisors' AI Exam Framework

The Conference of State Bank Supervisors' artificial intelligence supervisory framework introduces a set of optional questions and procedures for examiners, and it may bring meaningful consistency in how financial institutions' AI use and integration will be examined, say attorneys at Cooley.

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How NYC Consumer Bill Could Expand Private Claims

New York City's proposed Power Act could expose companies to sweeping private claims under its prohibition on unfair, deceptive, and abusive acts and practices, making regulatory compliance reviews and litigation-risk planning essential for businesses serving city residents, says Brian Turetsky at Hinshaw.

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High Court Disbars Judicial Watch Founder Larry Klayman

By David Minsky

The U.S. Supreme Court on Monday disbarred Judicial Watch founder and Florida conservative activist attorney Larry Klayman following his 18-month suspension issued last year by the D.C. Court of Appeals. 

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Firms Must Face RICO Claims In Asbestos Fraud Suit

By Emily Field

An Illinois federal judge on Friday held that Simmons Hanly Conroy LLP and Sokolove Law must face racketeering claims brought by a Los Angeles industrial pipe manufacturer alleging that the firms brought baseless asbestos claims, finding that an antitrust doctrine shielding those who petition the courts does not apply.

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DOJ's Civil Division Head Joins Agency Exits After Midterms

By Jack Karp

The leader of the U.S. Department of Justice's Civil Division, Brett A. Shumate, on Monday became at least the fifth top DOJ official to step down following Republicans' defeat in last week's midterm elections.

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Trump Eyes OLC Chief For Texas Judgeship After Midterms

By Courtney Bublé

President Donald Trump is considering the head of the U.S. Department of Justice's Office of Legal Counsel for a federal judgeship in Texas, a process that started right after the Democrats won big in last week's midterm elections.

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Goldstein Says Gov't Conceded Key Trial Errors

By Jared Foretek

SCOTUSblog co-founder Thomas Goldstein told the Fourth Circuit that the federal prosecutors who netted 12 tax and mortgage fraud convictions effectively conceded they hid evidence by steering a key witness to new testimony mid-trial and had reversed their stance on jury instructions, two key issues in Goldstein's appeal.

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AAA Says Consumers' Monopoly Claims Lack Factual Support

By Caroline Simson

The American Arbitration Association is lashing out against consumers who accuse the institution of monopolizing the consumer arbitration services market, telling a federal judge on Monday that they should be sanctioned for including "false, misleading, and unsupported allegations" in an amended complaint.

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Wash. Panel Nixes $10K Sanctions On Monsanto PCB Attys

By Rachel Riley

A Washington Court of Appeals panel has overturned a combined $10,000 in sanctions against four attorneys who defended Monsanto from chemical poisoning claims, concluding Monday that the trial court overstepped its authority by personally punishing the lawyers for late disclosure of expert witnesses.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week cleared the way for Cloudflare Inc. to seek immediate review of an injunction blocking a stock restructuring designed to preserve its founders' control, while setting a January hearing in a similar dispute over Meta Platforms Inc.'s plan to create nonvoting shares.

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