|
TOP NEWS
CFTC Seeks Input On Derivatives To Hedge AI Costs
By Jessica Corso
The U.S. Commodity Futures Trading Commission is calling for expert feedback on a new type of derivative contract that could offer companies a way to hedge the cost of artificial intelligence development, with the agency's leader saying Wednesday that the market could help the country "win the AI race."
1 document attached |
Read full article »
| Save to favorites »
RISING STARS
ENFORCEMENT & COMPLIANCE
CFTC Spares FTX's Ellison, Wang Fines For Cooperation
By Katryna Perera
Former FTX and Alameda Research executives Caroline Ellison and Gary Wang have agreed to trading and registration bans, but will not face financial penalties, as part of deals with the U.S. Commodity Futures Trading Commission to resolve fraud claims against them over their roles in the scheme that caused the crypto exchange and trading firm to collapse.
3 documents attached |
Read full article »
| Save to favorites »
Baltimore Can't Send Payday Lender Suit Back To State Court
By Sydney Price
A Maryland federal judge refused to remand a suit brought by the city of Baltimore against Los Angeles-based lender Dave Inc. to state court, ruling that the city failed to explain how federal courts' interpretation and application of the city's consumer protection ordinance would disrupt the state's efforts to establish a policy regulating consumer loans.
Memorandum attached |
Read full article »
| Save to favorites »
LITIGATION
NY Attorney Can't Arbitrate $33M Crypto Ponzi Scheme Case
By Andrea Keckley
A Texas federal judge has ruled that New York attorney Peter D. Hatzipetros and two alleged co-conspirators can't send a lawsuit accusing them of defrauding investors of $33 million through a crypto Ponzi scheme to arbitration, saying none of the defendants had proved they could enforce the arbitration agreements against any of the plaintiffs.
Order attached |
Read full article »
| Save to favorites »
PEOPLE
EXPERT ANALYSIS
6 Key Takeaways From CFIUS Annual Report
Attorneys at Simpson Thacher review highlights from the annual report of the Committee on Foreign Investment in the U.S., released to Congress this month, including the launch of the American First Investment Policy and the Known Investor Pilot Program, and the agency's continued focus on enforcement despite its resource constraints.
Read full article »
| Save to favorites »
LEGAL INDUSTRY
Ex-US Attys Protest Trump's Swift Firing Of Rogoff In Seattle
By Rachel Riley
Thirty former U.S. attorneys backed Roger Rogoff's bid for reinstatement as Seattle's top federal prosecutor after President Donald Trump fired him on the heels of his court-ordered appointment, arguing Tuesday that Trump is trying to "sidestep the Senate's advice-and-consent role and sideline the judiciary" by letting unappointed individuals play such roles.
3 documents attached |
Read full article »
| Save to favorites »
Sinema Says Brief Signal Chat Can't Anchor NC Affair Suit
By Hayley Fowler
A single exchange on the encrypted messaging app Signal became the focal point of former Arizona U.S. Sen. Kyrsten Sinema's testimony on Wednesday as she sought to convince a North Carolina federal judge that she cannot be hauled into court in the Tar Heel state over an affair — which she declined to characterize as a "passionate" romance — she had with her married security guard.
Read full article »
| Save to favorites »
|