States Concerned By Treasury's 'OCC-Centric' Stablecoin Plan

By Aislinn Keely

State regulators are urging the U.S. Department of the Treasury to look beyond the coming stablecoin standards promulgated by the Office of the Comptroller of the Currency when assessing the adequacy of state regimes overseeing issuers of the stable-value tokens.

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SEC Disgorgement Powers Stay Intact After High Court Fight

By Jessica Corso

The U.S. Supreme Court on Thursday said that the U.S. Securities and Exchange Commission could collect ill-gotten gains from alleged fraudsters without having to identify victims who were financially harmed by the fraud, declining to place further limits on the agency's disgorgement powers six years after it last did so.

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OCC's Gould Defends Trump EO On Immigrant Bank Scrutiny

By Jon Hill

Republican tensions over President Donald Trump's recent order for greater immigration-related customer scrutiny at banks were on view Thursday in the U.S. House of Representatives as one top regulator told a GOP lawmaker that her concerns about its industry impact were "overblown."

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CFTC Follows SEC In Rescinding No-Denial Settlement Policy

By Sarah Jarvis

The Commodity Futures Trading Commission has rescinded its policy of not accepting settlement offers in which defendants deny the allegations against them, following a similar move recently made by the U.S. Securities and Exchange Commission.

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DOJ Says Meta And Others Froze $3.8M Tied To Crypto Fraud

By Sydney Price

The U.S. Department of Justice announced that private sector corporations, including Meta Platforms Inc. and Google LLC, voluntarily froze over $3.8 million in stolen cryptocurrency during an event known as "Disruption Week."

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Conn. Looks To Wipe Out CFTC's Contract Crackdown Suit

By Alex Lawson

Connecticut has taken aim at the U.S. Commodity Futures Trading Commission, blasting the agency's federal lawsuit to halt the state's efforts to police event contract trading as "wrongheaded."

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Texas AG Says ActBlue 'Fraud' Outweighs Free-Speech Concern

By Julie Manganis

Counsel for Texas Attorney General Ken Paxton urged a skeptical Massachusetts federal judge on Thursday not to block an enforcement action against Democratic fundraising platform ActBlue, arguing any "incidental" infringement of the group's First Amendment rights is outweighed by alleged evidence that it violated a Texas consumer protection law.

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JD Power Claims Chime's Bogus '#1' Banking Ads Rip Off TMs

By Dorothy Atkins

J.D. Power has hit Chime Financial Inc. with a lawsuit in New York federal court, accusing the fintech company of willfully infringing J.D. Power's trademarks to support a "widespread, multi-channel" deceptive advertising campaign falsely suggesting that the data analytics firm rated Chime "America's #1 Choice for Banking."

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Swipe-Fee Class Opposes Rethink For Sanctioned Injury Firm

By Bryan Koenig

Personal injury firm Betz & Baril PLC and its referral partner ClickFunds have no grounds to seek reconsideration or clarification on a New York federal judge's sanctions for misleading would-be class members in long-running antitrust litigation against Visa and Mastercard, the merchant class said Thursday.

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Brief

Simpson Thacher, Davis Polk Lead Liftoff Mobile's $437M IPO

By Nadia Dreid

AI-powered advertising platform Liftoff Mobile Inc. hit public markets Thursday, raising $437 million in its initial public offering that was steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.

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Data Collection Push Signals New Era For Bank Compliance

An executive order pushing for broad bank collection of beneficiary data and a Financial Crimes Enforcement Network geographic targeting order in Minnesota should prompt financial institutions to run checks on customer diligence and privacy controls, as these directives may be part of a wider compliance shift, say attorneys at Faegre Drinker.

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Series

Competing At Poker Makes Me A Better Lawyer

Playing poker in male-dominated rooms taught me to treat skepticism as background noise when my opponents seem to underestimate me, to apply pressure when it matters and to adapt without losing strategic discipline — skills that are all indispensable in restructuring and insolvency matters, says Alexis Gambale at Pashman Stein.

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Roundup

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

By Megan Norcott

The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.

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Katten Is Latest Firm To Match Milbank Associate Pay Raise

By Kevin Penton

Katten Muchin Rosenman LLP has joined the growing list of firms that are largely matching a new pay scale for associates set earlier this week by Milbank LLP, with attorneys set to see annual pay increases of $10,000 to $20,000.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Among the stories in corporate legal news you may have missed in the past week, investor advocates have questioned the legality of the SEC's plan to withdraw corporate climate disclosure regulations, and an insurance broker's report found claims made under policies for mergers and acquisitions have risen in frequency and severity.

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North Korea Sanctions Case Ends In Plea After 2 Mistrials

By Phillip Bantz

A Chinese national pled guilty on Thursday in D.C. federal court to conspiracy to defraud the U.S. in a sanctions evasion scheme involving North Korean tobacco smuggling, bringing an end to a protracted prosecution after two separate deadlocked juries.

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ICE Atty's Bid To Ax Contempt Order Is 'Absurd,' Amicus Says

By Emily Sawicki

A court-appointed amicus curae has told the Eighth Circuit that a Minnesota federal judge was right to hold a government attorney in contempt after finding that U.S. Immigration and Customs Enforcement flouted a court order, leading to a detained man being released hundreds of miles from his home without legal identification.

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Morgan & Morgan Explores Private Equity Investment Options

By Emma Cueto

The nation's largest personal injury firm, Morgan & Morgan, is exploring its options with regard to a potential private equity investment, with the firm saying Friday it is in the early stages of understanding what such an investment might mean and whether it is a good opportunity or "fool's gold."

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Law360's Legal Lions Of The Week

By Kevin Penton

Winston Taylor leads this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ended a patent suit over Hikma Pharmaceuticals USA Inc.'s generic version of a heart drug that uses a so-called skinny label.

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Titan Of The Plaintiffs Bar: Morgan & Morgan's John Yanchunis

By Matt Perez

John Yanchunis of Morgan & Morgan PA has been at the forefront of data privacy litigation for nearly three decades, but what stands out to his colleague Ryan McGee is not the litany of wins but the attorney's humility.

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Legal Job Market Surges With Special Litigation, Gov't Work

By Tracey Read

The legal sector saw 1,200 more jobs in May after gaining 1,900 positions the month before, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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First Democrat Returns A Blue Slip For Judicial Nominee

By Courtney Bublé

Sen. John Fetterman, D-Pa., is the first Democratic senator in the second Trump administration to return a blue slip for a judicial nominee.

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DLA Piper Urges 2nd Circ. To End 'Vexatious' Malpractice Suit

By Emily Sawicki

The Second Circuit should uphold the dismissal of a Chinese software company's legal malpractice suit and $635,000 in sanctions against it and its lawyers, DLA Piper has argued, citing previous favorable rulings in the matter by a federal magistrate judge, district court judge, state justice and five-judge panel of the New York state appeals court.

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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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