Analysis

Prediction Markets Expand Wall St. Cops' Insider Trading Beat

By Aislinn Keely

As traders flock to platforms that allow them to speculate on everything from Super Bowl ad placements to political shakeups, regulators and law enforcement face increasing pressure to crack down on newly expanded opportunities for insider trading.

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Kalshi Given 30 Days To End New Sports Wagers In Mass.

By Julie Manganis

A Massachusetts state court on Friday gave Kalshi 30 days to comply with a preliminary injunction barring the prediction market from offering new sports-related event contracts to state residents, denying a request for a stay pending an anticipated appeal.

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Paycheck Advances Aren't Loans, Fintech Orgs Tell 9th Circ.

By Jon Hill

Fintech trade groups on Friday urged the Ninth Circuit to rein in class litigation over earned wage access products, arguing it should recognize the products as distinct from credit under federal lending laws or risk upending a popular, safer alternative to traditional loans.

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WithU, Scratchpay Sued Over Alleged 568% Loan Interest Rate

By Rachel Riley

Online direct lender WithU and California fintech platform Scratchpay were hit with a proposed class action in Washington federal court on Friday by a consumer who claims he was cornered into borrowing a loan with a nearly 568% interest rate to pay for his cat's cancer treatment.

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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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Brief

CFTC Updates Crypto Collateral Letter For Bank Stablecoins

By Aislinn Keely

The U.S. Commodity Futures Trading Commission on Friday tweaked an earlier no-action letter on the use of tokenized collateral to clarify that stablecoins issued by national trust banks are among the list of approved digital assets.

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Kalshi Says CFTC Backs Sports Bets Without Tribal Regs

By Joyce Hanson

Prediction market platform Kalshi has told a Wisconsin federal court that the U.S. Commodity Futures Trading Commission's chair has thrown his support behind the agency's view that it has exclusive jurisdiction over the event contracts at issue in a Native American tribe's case against the company.

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MeridianLink Sued In Del. For Share Price In $2B Acquisition

By Jeff Montgomery

Two institutional stockholders of financial software platform venture MeridianLink sued on Friday for a Delaware Court of Chancery valuation of their shares at the time of the company's $2 billion, Aug. 11, 2025, acquisition by a merger affiliate of Centerbridge Partners LP.

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Paymentus Settles Fintech Atty's Age Bias Suit Ahead Of Trial

By Hayley Fowler

Billing company Paymentus Corp. has settled a former in-house attorney's retaliation, age discrimination and wrongful discharge lawsuit less than two weeks before the case was set to go to trial, court records show.

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Roundup

Taxation With Representation: Gibson Dunn, S&C, Wachtell

By Zak Kostro

In this week's Taxation With Representation, Elon Musk announces SpaceX's acquisition of his artificial intelligence company xAI, Devon Energy and Coterra Energy agree to merge, and Banco Santander SA acquires Webster Financial Corp.

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Linqto Gets OK For Ch. 11 Plan With Stock Deal

By Clara Geoghegan

A Texas bankruptcy judge Friday agreed to approve Linqto's Chapter 11 plan, finding it had overwhelming creditor support and overruling objections from the defunct private investment platform's onetime leader.

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Greenberg Traurig Adds Fintech Pro From Sidley In Miami

By Madison Arnold

Greenberg Traurig has picked up a new of counsel for its financial regulatory and compliance and blockchain and digital assets practices in Miami from Sidley Austin LLP.

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Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

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How Latest Nasdaq Proposals Stand To Raise Listings Quality

Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

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Opinion

CFIUS Must Adapt To Current Foreign Investment Realities

To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.

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Analysis

Arbitrators Take Cautious Approach To Integrating AI

By Emily Sawicki

Norms, practices and regulations surrounding the use of generative artificial intelligence in arbitration are developing just as rapidly as they are in the courts. Here, Law360 Pulse talks with legal tech vendor Veritext's senior vice president in charge of alternative dispute resolution about how the arbitration industry is interacting with AI.

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Beasley Allen Disqualified From NJ Talc Multicounty Litigation

By George Woolston

A New Jersey state appeals court disqualified the Beasley Allen Law Firm from representing plaintiffs in multicounty litigation over Johnson & Johnson's talc-based baby powder, ruling Friday that a former Faegre Drinker Biddle & Reath LLP lawyer's collaborative efforts with the firm's attorneys violated ethics rules.

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Louisiana Attys Face Possible Sanctions For AI Slop Usage

By Adrian Cruz

As part of an order dismissing the remaining claims in a real estate matter, a Louisiana federal judge has threatened to sanction attorneys from two local firms for submitting a brief riddled with errors generated by artificial intelligence.

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Q&A

Va. Prosecutor Calls For Courage In Charging Feds

By Brandon Lowrey

Several district attorneys have formed a group with a singular goal: to charge and convict federal agents who violate civil rights. Here, Law360 speaks to one of these prosecutors about the creation of Fight Against Federal Overreach and the plans for the organization.

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DC Courts To Tag In Non-Attys To Help Civil Litigants

By Emily Johnson

The District of Columbia Courts is the latest court system in the U.S. to allow non-attorneys to help guide civil litigants who face matters without an attorney, creating a program that expands who can advise people facing evictions, child custody disputes and other matters.

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Judge Shooting Probe Draws Alleged Gunman's Confession

By Lynn LaRowe

The man accused of shooting an Indiana Superior Court judge confessed to carrying out the shooting to achieve a higher rank in his criminal gang and to erase debt he owed to co-conspirators — one of them scheduled for a criminal trial before the judge, according to court documents filed Friday.

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Trump's BigLaw Executive Order Appeals Consolidated

By Emily Sawicki

The D.C. Circuit on Friday consolidated the government's appeals of losses in four cases BigLaw firms launched against the White House and Justice Department over executive orders against them related to the clients they represent.

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Graham Pushes Bill To Allow Suits Over Smith Investigations

By Courtney Bublé

Sen. Lindsey Graham, R-S.C., is working on a bill to allow nonmembers of Congress to sue for damages after being investigated by special counsel Jack Smith.

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Roundup

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

By Max Austin

This past week in London saw a unit of Johnson & Johnson sue the U.S. government in a patent dispute, Southampton Football Club file a claim against Aviva Insurance, and an events business face a claim by Live Nation (Music) over potential licensing issues for Chelmsford City Live, a music festival that featured Justin Timberlake last year. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Attacks on alleged anticompetitive behavior took the spotlight in the past week, with a federal jury ordering medical device maker Medtronic to pay $382 million for its monopolistic practices, including bundling sales and punishing customers for using rival products. And the Federal Trade Commission warned 42 law firms that participating in the Diversity Lab's diversity, equity and inclusion program could constitute anticompetitive collusion.

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Law360's Legal Lions Of The Week

By Kevin Penton

Knobbe Martens Olson & Bear LLP leads this week's edition of Law360 Legal Lions, after a California federal jury ordered Medtronic to pay nearly $382 million to business rival Applied Medical Resources Corp. for antitrust violations.

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