The U.S. Senate on Thursday signed off on two more of President Donald Trump's picks for top financial regulator jobs, confirming Travis Hill and Michael Selig as chairs of the Federal Deposit Insurance Corp. and Commodity Futures Trading Commission, respectively.
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FRIDAY, DECEMBER 19, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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Trump's Picks To Lead FDIC, CFTC Win Senate Approval

By Jon Hill

The U.S. Senate on Thursday signed off on two more of President Donald Trump's picks for top financial regulator jobs, confirming Travis Hill and Michael Selig as chairs of the Federal Deposit Insurance Corp. and Commodity Futures Trading Commission, respectively.

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Theta, CEO Accused Of Crypto Fraud In Whistleblower Suits

By Katryna Perera

Two whistleblower complaints have been filed against Sliver VR Technologies, its blockchain subsidiary Theta Labs Inc. and their CEO, alleging they ran pump-and-dump and other fraud schemes to artificially inflate the company's token prices.

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Analysis

Top Trade Secrets Decisions Of 2025

By Ivan Moreno

The Ninth Circuit clarified the rules of engagement in trade secrets disputes with guidance on when confidential information must be precisely detailed during litigation, and jurors delivered a $200 million verdict against Walmart over product freshness technology. Here are Law360's picks for the biggest trade secrets decisions of 2025.

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New NJ Rules Combat AI And Housing Discrimination

By Elaine Briseño

The use of artificial intelligence in hiring practices is among the areas targeted by a sweeping new mandate enacted by New Jersey's Division on Civil Rights meant to shore up protections against discrimination.

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ENFORCEMENT & COMPLIANCE

OCC Ends Citi Risk Management Resource Review Order

By Emilie Ruscoe

The Office of the Comptroller of the Currency on Thursday formally ended a 2024 amendment to a previous consent order against Citibank over its risk management practices, with Citibank saying the relevant remediation programs are "nearly at target-state."

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Compliance Chiefs' Enforcement Risks Didn't Ease Up In 2025

By Sarah Jarvis

The landscape for chief compliance officers' liability might relax a bit in the coming years as experts anticipate the Trump administration will rely less on a "failure to supervise" theory of liability that financial regulators used to target one chief compliance officer this year.

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Instacart Will Pay $60M Over FTC's Deceptive Delivery Claims

By Lauren Berg

Instacart has agreed to pay $60 million to resolve Federal Trade Commission claims it deceptively advertised "free delivery" on customers' first orders while charging a service fee and for not clearly disclosing the terms of its subscription membership.

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LITIGATION

Settlement Admin, Bank Conspiracy Suits Consolidated In DC

By Jared Foretek

A group of putative class actions alleging a wide-ranging kickback scheme between three of the largest settlement administration companies in the country and banks that was designed to juice administration fees while diminishing class action payouts has been consolidated in D.C. federal court.

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Wis. Tribe Seeks To Block Kalshi Sports Contracts

By Ganesh Setty

A Wisconsin Native American tribe urged a federal court to preliminarily block prediction market platform Kalshi from offering sports event contracts on tribal lands, arguing such contracts threaten its gaming monopoly.

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Car Dealer Credit Check Co. Sued Over Breach Affecting 5.8M

By Emilie Ruscoe

A company that handles credit inquiries for car dealerships is facing a proposed class action accusing it of negligence, following a cyberattack on its systems in October that compromised the personal information of more than 5.8 million people.

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EXPERT ANALYSIS

2025 Brought A New Paradigm For Federal Banking Regulation

A series of thematic shifts defined banking regulation in 2025, including a fundamental reform of prudential supervision, a strategic easing of capital constraints, steps to streamline merger reviews, and a new framework for fair access and entrants seeking to offer banking services, say attorneys at Simpson Thacher.

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Series

Nature Photography Makes Me A Better Lawyer

Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.

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LEGAL INDUSTRY

$3.6B Hogan Lovells, Cadwalader Deal To Form Top 5 Firm

By Kevin Penton

Hogan Lovells and Cadwalader Wickersham & Taft are planning to combine, creating what the firms say will be the world's fifth-largest firm by revenue, they announced Thursday.

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Fake Quotes In Pa. Patent Case Lead To Judicial Rebuke

By James Boyle

Two Barley Snyder attorneys have been directed to explain to a Pennsylvania federal judge how nonexistent quotes from cited cases appeared in a July filing, according to a recently published order that also denied a holiday light clip manufacturer's request for a temporary restraining order preventing a rival company from selling a similar product.

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Calif. AG, Bar Officials Fight Bid To Stop ABS Fee-Sharing Ban

By James Mills

Both the California attorney general and the California State Bar are opposing a California attorney's attempt to block a new law preventing fee-sharing with out-of-state law firms owned by nonlawyers set to go into effect on Jan. 1.

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Boies Schiller Must Face Fla. Fee Suit, Court Told

By Lynn LaRowe

In pushing back on a bid to toss a Florida state court lawsuit against Boies Schiller Flexner LLP and related defendants, a pharmaceutical mass tort law firm and other parties said the lawsuit outlines a clear breach of a nondisclosure agreement and interference with existing business relationships, making the complaint legally sufficient under Sunshine State law.

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Dems Offer Bill To Shine Light On High Court 'Shadow Docket'

By Ryan Boysen

Democratic lawmakers have introduced a bill that would require the U.S. Supreme Court to explain its "shadow docket" rulings, criticizing the high court for issuing "harmful, backwards decisions" that "impact millions of Americans' lives" but are often unaccompanied by a formal opinion.

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DC Circ. Told Transferred Ethics Suit Bolsters Newman's Case

By Adam Lidgett

Suspended Federal Circuit Judge Pauline Newman is contending that a decision in which an ethics complaint against a Fourth Circuit judge was transferred out of his home court bolsters her argument that her fellow circuit judges shouldn't have investigated her fitness to remain on the bench.

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Senate Package Includes US Attorney, DC Judge Confirmations

By Courtney Bublé

The Senate confirmed 13 U.S. attorneys and three local judges for the District of Columbia as part of a nominations package confirmed 53-43 along party lines on Thursday.

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Chancery Sr. Magistrate Leaving Bench For Role As Neutral

By Rose Krebs

Delaware's Chancery Court will soon be losing its senior magistrate, as she is returning to private practice to serve as a professional neutral.

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COMPANIES IN TODAY'S NEWS

700Credit LLC

Angeion Group

Blackhawk Network Holdings Inc.

Citigroup Inc.

Comerica Inc.

Epiq Systems Inc.

Financial Industry Regulatory Authority Inc.

George Washington University

Gleason Corp.

Google LLC

Huntington Bancshares Inc.

Instacart

JND Legal Administration Co.

Lex Machina Inc.

LinkedIn Corp.

MSP Recovery

Mithun Inc.

NBCUniversal Media LLC

New Civil Liberties Alliance

S&P Global Inc.

Sandoz International GmbH

State Bar of California

The Boeing Co.

TransUnion LLC

U.S. Bancorp

Walmart Inc.

Western Alliance Bancorporation

Zeughauser Group LLC

LAW FIRMS IN TODAY'S NEWS

Advisors LLC

Alston & Bird

Ashurst LLP

Barley Snyder

Boardman & Clark

Boies Schiller

Cadwalader Wickersham

Cooley LLP

Cotchett Pitre

Cravath Swaine

David Boies

Davis Polk

Edelson Lechtzin

Finnegan

Greenberg Traurig

HSF Kramer

Hogan Lovells

Holmes Athey

Homer Bonner

Jenner & Block

K&L Gates

King & Ruiz

King & Siegel

Kramer Levin

LTL Attorneys

Latham & Watkins

Law Office of Lester J. Marston

Lawson Huck

Lehotsky Keller

Matthew G. Miller PC

McDermott Will & Schulte

Michelman & Robinson

Milbank LLP

Morgan Lewis

Orrick Herrington

Pendley Baudin

Perkins Coie

Polsinelli PC

Proskauer Rose

Quarles & Brady

Reed Smith

Reinhart Boerner

Richards Layton

Saul Ewing

Seeger Weiss

Sidley Austin

Simpson Thacher & Bartlett LLP

Skadden Arps

Sullivan & Cromwell

Taylor Wessing

Willkie Farr

Wilson Sonsini

Winston & Strawn

Wisner Baum

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Department of Justice

Commodity Futures Trading Commission

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Financial Stability Oversight Council

Ho-Chunk Nation

Judicial Conference of the United States

New Jersey Attorney General's Office

Office of the Comptroller of the Currency

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of Arkansas

U.S. District Court for the Eastern District of Louisiana

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of New York

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Middle District of Florida

U.S. District Court for the Middle District of Pennsylvania

U.S. District Court for the Middle District of Tennessee

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Northern District of Indiana

U.S. District Court for the Northern District of Mississippi

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of Mississippi

U.S. District Court for the Southern District of New York

U.S. District Court of the District of New Hampshire

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

United States District Court for the Southern District of Indiana

United States District Court for the Western District of Wisconsin