Bank Lobby Sues OCC Over Crypto Trust Charter Approvals

By Aislinn Keely

The Independent Community Bankers of America sued the Office of the Comptroller of the Currency on Friday over the wave of national trust charters granted to crypto firms, arguing the rule underpinning the approvals exceeds the office's authority and ran roughshod over commenters' concerns.

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Home Equity Fintech Is 1st Target Of Ex-CFPB Attys' Law Firm

By Jon Hill

Home equity fintech firm Unlock has used deceptive marketing and confusing contract terms to hide that its "investment" agreements are actually illegal high-cost loans, according to a new proposed class action entered in Colorado state court.

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Analysis

DOJ Envisions 'Full-Fledged Law Firm' To Combat Gov't Fraud

By Phillip Bantz

The National Fraud Enforcement Division was created less than six months ago, but it is rapidly reshaping the U.S. Department of Justice and spurring an uptick in internal corporate investigations, white collar experts say.

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5 Supreme Court Cases To Watch This Fall

By Katie Buehler

The U.S. Supreme Court will convene Monday to begin its 2026 October term, which includes several cases that could determine the future of climate change tort litigation, expand religious freedoms and parental rights, and grant states authority to require proof of citizenship when individuals register for presidential elections using state forms. 

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Roberts Wants Less Talk. Supreme Court Attorneys Disagree.

By Katie Buehler

Near the end of last term, Chief Justice John Roberts voiced his frustration with the U.S. Supreme Court's lengthening oral argument sessions and suggested the justices might tweak their format over the summer. But as the new term begins Monday, the court has yet to announce any changes, and advocates see little need for improvement.

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Up First At High Court: Climate Torts & Munitions Disposal

By Katie Buehler

The U.S. Supreme Court will begin its new term on Monday, when the justices consider whether state courts have the authority to hear climate change lawsuits that seek to hold fossil fuel companies liable for local damages caused by greenhouse-gas emissions and whether federal courts can hear constitutional challenges to veterans benefits laws.

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DOJ Won't Revive Powell Probe Over Fed HQ Project, AG Says

By Jon Hill

The U.S. Department of Justice won't restart its criminal investigation into former Federal Reserve Chair Jerome Powell over the costly renovations of the central bank's headquarters, U.S. Attorney General Todd Blanche said Friday.

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SEC Denied $6M Disgorgement Over College Student's Fraud

By Sydney Price

An Oklahoma federal judge has ordered a man accused by the U.S. Securities and Exchange Commission of defrauding his college classmates' parents and others out of $7.8 million with two investment funds he launched to pay nearly $500,000 in penalties and disgorgement, blocking the agency's request for the defendant to disgorge over $6.3 million.

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Crypto Investors Denied Early Win Against Bitcoin Latinum

By Sydney Price

A Michigan federal judge said investors accusing their cousin of fraudulently convincing them to invest in a cryptocurrency firm cannot get a partial early win, finding they have not shown the firm transferred the tokens' ownership rights to them or solicited their purchases.

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Series

Mich. Banking Brief: All The Notable Legal Updates In Q3

We are at an inflection point for Michigan financial services law, with a state Supreme Court decision recently overruling more than 25 years of precedent on the Michigan Consumer Protection Act, and pending legislation that could significantly shift the regulatory landscape, say attorneys and advisers at Dykema.

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Justice Alito Says He's Weighing The Best Time To Retire

By Katie Buehler

U.S. Supreme Court Justice Samuel Alito has confirmed that he considered retiring at the end of the high court's latest term, and that he will continue to weigh that decision "every term." 

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Munger Tolles Announces Clerkship Bonus Increases

By Matt Perez

Munger Tolles & Olson LLP announced Thursday that it is increasing its clerkship bonuses to $180,000 for one qualifying clerkship and $200,000 for two or more qualifying clerkships.

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Legal Sector Adds 2K Jobs, For 6th Straight Month Of Growth

By Tracey Read

While the overall U.S. economy's unemployment rate ticked up to 4.2% last month, the legal industry was in the midst of a six-month hot streak.

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Judge Clevenger Retires After 36 Years On Fed. Circ.

By Dani Kass

U.S. Circuit Judge Raymond C. Clevenger III has retired from the Federal Circuit, 20 years after taking senior status, the court said Friday.

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Jackson Walker May Face New Sanctions Over Old Romance

By Rick Archer

A Texas bankruptcy judge Friday threatened Jackson Walker LLP with sanctions over yet another bankruptcy case where the firm's retention was approved by a judge in a relationship with a former attorney at the firm.

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Keesal Young Owes Duty To Safeguard 316K People's Data

By Matt Perez

A California federal judge has kept negligence and consumer privacy claims intact against law firm Keesal Young & Logan over a 2024 data breach that exposed the personal information of more than 316,000 people, finding the plaintiffs have standing because their data apparently landed on the dark web.

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Trump Asks 9th Circ. To Pause Seattle US Atty Reinstatement

By Rachel Riley

The Trump administration called on the Ninth Circuit Friday to suspend a federal judge's Thursday order reinstating Roger Rogoff as U.S. attorney for the Western District of Washington, seeking to keep Charles Neil Floyd as acting head of the Seattle office pending the government's appeal.

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Thomson Reuters Hit With Antitrust Case Over 'Killer' AI Deal

By Matthew Perlman

A California law firm has accused Thomson Reuters of violating antitrust law when it purchased artificial intelligence research tool Casetext for $650 million and then shuttered the platform to extinguish a rising competitor to its Westlaw service.

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Amazon Seeks Records Around Lawyer's USPTO Suspension

By Ben Adlin

An attorney Amazon has accused of furthering a scheme to fraudulently register thousands of trademarks and use them to report infringement by rival Amazon merchants must hand over documents related to her discipline in California and Washington, the retail giant argued in a Washington federal court filing Thursday.

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Tenn. High Court Keeps ABA As Law School Accreditor

By Emma Cueto

The Tennessee Supreme Court on Friday declined to follow other conservative states in dropping the American Bar Association as the state's law school accreditor, though it indicated it is open to approving other accreditors in addition to or instead of the ABA in the future.

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Analysis

3rd Circ. AI Ruling May Reach Beyond Westlaw Content Fight

By Ivan Moreno

The Third Circuit went out of its way to say its ruling against a defunct legal research startup was not a generative artificial intelligence case, but copyright lawyers expect the reach of its reasoning to be tested almost immediately in pending AI litigation.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The Department of Justice has unveiled new corporate fraud enforcement priorities, and a report found that more than four out of five legal departments have adopted artificial intelligence. These are among the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Quinn Emanuel Urquhart & Sullivan LLP leads this week's edition of Law360 Legal Lions after a California federal jury said Apple owes $5.7 billion to headphone-maker Taction for infringing two vibration technology patents, issuing the largest patent verdict in U.S. history.

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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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