CFTC Sends Crypto Rules To White House After Bill Stalls

By Aislinn Keely

The U.S. Commodity Futures Trading Commission sent a crypto rule proposal to the White House for review, pushing forward with plans to craft a regulatory framework for digital assets after a landmark bill failed to advance in the U.S. Senate.

Read full article » | Save to favorites »

Fed 'Risk Aversion' Contributed To SVB's Failure, Report Says

By Jon Hill

A "culture of risk aversion" and diffusion of decision-making among Federal Reserve supervisory staff, not deregulation or social media chatter, contributed to the 2023 collapse of Silicon Valley Bank, according to initial findings from a new post-mortem review.

1 document attached | Read full article » | Save to favorites »

Kalshi Loses Bid To Lift Wash. Event Contracts Ban

By Ben Adlin

Kalshi can't lift an injunction currently barring its operations in Washington, a King County Superior Court judge ruled, denying the prediction market's request to reconsider an August order blocking the company from offering most event contracts to state residents.

Order attached | Read full article » | Save to favorites »

Analysis

Attys 'Itching' To Join Congressional Probes Of Trump Admin

By Phillip Bantz

Efforts to recruit high-powered lawyers to Capitol Hill to potentially lead congressional committee probes into the various dealings of President Donald Trump's administration are gaining momentum as Democrats push to retake control of Congress in the quickly approaching midterm elections.

Read full article » | Save to favorites »

OCC Approves 3 Trust Charters For Stablecoin Businesses

By Aislinn Keely

The Office of the Comptroller of the Currency on Friday granted conditional trust charters to fintechs Bastion Platforms, Catena and Agora, which all plan to expand their stablecoin and crypto offerings as national trust banks.

3 documents attached | Read full article » | Save to favorites »

Mall, Gift Card Cos. Can Get Fees In Payment IP Suit

By Adam Lidgett

Shopping mall owner Simon Property Group and gift card company Blackhawk Network are entitled to fees from a patent-holding company after that company pursued an unreasonable infringement case over a card payment patent, a Texas federal magistrate judge has found.

Order attached | Read full article » | Save to favorites »

Church Head Says Jury Can't Weigh Hell Fears In Labor Case

By Susan Smiley

A church leader says U.S. Supreme Court precedent bars a Michigan federal jury from deciding if fear of eternal damnation motivated her parishioners to perform forced labor and urged a Michigan federal judge Thursday to bar the government from using this line of argument in the forced labor and money laundering suit against Kingdom of God Global Church.

1 document attached | Read full article » | Save to favorites »

Fla. Firm Looks To Dodge Bank's DQ Bid In Trade Secrets Suit

By Carolina Bolado

Florida-based Trenam Law fought Friday against a disqualification bid in a trade secrets case over residential solar lending technology, arguing that its prior representation of defendant Climate First Bank ended two years ago and was limited to handling a few real estate deals.

Response attached | Read full article » | Save to favorites »

Roundup

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

By Poppy Grainger

The past week in London has seen Victoria's Secret and Thomas Pink file competing IP claims, more than 1,000 retail consumers launch a group action against Binance, Baker Hughes targeted in a commercial claim by its former Russian subsidiary and university students hit four British institutions with breach of contract claims over pandemic-era closures.

Read full article » | Save to favorites »

Time Is On Payment Processors' Side As Deal Dynamics Shift

As payment processors increasingly use timing and volume to gain leverage, merchants should negotiate payment processing agreements well before renewal or migration deadlines, ensuring proper benchmarking, reserve, data, termination and transition terms are in place, says James Alexander at Reed Smith.

Read full article » | Save to favorites »

How Prediction Markets Could Be Used In Securities Litigation

Assuming there is enough liquidity, and insider trading concerns are properly addressed, prediction market prices could provide a valuable assessment of market consensus that adjusts faster than existing analysts' forecasts, which could be useful evidence to support securities class action claims, say analysts at Compass Lexecon.

Read full article » | Save to favorites »

Senior Lawyers Survey: Tell Us About Your Career

How are senior lawyers adapting to evolving career paths and emerging technologies? Share your perspective in this five-minute survey.

Read full article » | Save to favorites »

The 2026 Regional Powerhouses

By Cara Bayles

From major deals to high-profile litigation, the firms named to Law360's 2026 Regional Powerhouses list are leading the way across 14 states. They deliver deep regional expertise and make a lasting impact at the state and local level.

Read full article » | Save to favorites »

Ex-DOJ Chief Lambastes 'Abuses Of Power' In Goldstein Case

By Jeff Overley

The U.S. Department of Justice constantly made false statements in its criminal case against famed appellate advocate Tom Goldstein, and his convictions must be erased because "prosecutorial misconduct pervaded every stage of the proceedings," a former DOJ prosecutor told the Fourth Circuit.

2 documents attached | Read full article » | Save to favorites »

Roundup

Taxation With Representation: Davis Polk, Latham, Sullivan

By Zak Kostro

In this week's Taxation With Representation, a group backed by Michael Dell's family office and Sequence Holdings acquires a majority interest in The Baldwin Group, May Mobility merges with a blank check company, and Infineon Technologies sells its memory chip business to Winbond Electronics.

Read full article » | Save to favorites »

Ex-Wis. Judge Keeps License Amid ICE Conviction Appeal

By Ryan Boysen

The ex-Wisconsin judge convicted of obstructing an ICE arrest will remain an attorney in good standing while she appeals, after the Supreme Court of Wisconsin declined to suspend her law license.

Order attached | Read full article » | Save to favorites »

Richards Layton Litigator Selected For Chancery Seat In Del.

By Rose Krebs

A Richards Layton & Finger PA attorney has been nominated by Delaware Gov. Matt Meyer to serve on the bench of the nationally important Chancery Court, a venue that adjudicates some of the biggest corporate law cases.

Read full article » | Save to favorites »

Judge Questions Whether 'Lawfare' Fund Fight Is Really Moot

By Jared Foretek

A Virginia federal judge seemed unlikely to toss a challenge to the Trump administration's nixed "Anti-Weaponization Fund" and tax audit immunity for the Trump family Friday, saying she worries the fund could be revived in a different form down the road.

Read full article » | Save to favorites »

Chief US District Judge In SC To Take Senior Status Oct. 1

By Courtney Bublé

Chief U.S. District Judge Timothy Cain of the District of South Carolina has informed the president that he will be taking semiretired status on Oct. 1, according to an update posted Friday by the federal judiciary.

Read full article » | Save to favorites »

Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Starbucks settled a high-profile discrimination suit with Florida over its diversity, equity and inclusion policies, agreeing not to use race- or sex-based goals in hiring and promoting. And the SEC floated changing how publicly traded companies seek shareholder input, including promising to end one pathway for shareholders to place their proposals on corporate ballots. These are among the stories in corporate legal news you may have missed in the past week.

Read full article » | Save to favorites »

Reed Smith Defends Docs Production In Ex-Atty's Bias Suit

By Jake Maher

Reed Smith LLP urged a New Jersey court on Thursday to reject an "impulsive" motion from a former attorney suing it for gender discrimination seeking to strike its answer and affirmative defenses.

Memorandum attached | Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Schemery Zicolello leads this week's edition of Law360 Legal Lions, after a Third Circuit panel ruled that police cannot conduct warrantless strip searches outside of jails or prisons absent consent or an emergency.

Read full article » | Save to favorites »

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.

Read full article » | Save to favorites »