Former CFTC Commissioner Among Trump's Picks For SEC

By Hailey Konnath

President Donald Trump on Thursday unveiled his picks for the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, notably nominating former CFTC Commissioner Kristin Johnson for a Democratic seat on the SEC.

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Rent-To-Own Fintech Inks $183.5M Deal With AGs

By Brian Steele

The rent-to-own financing company Acima has reached a $183.5 million deal with 43 states to resolve claims that it misled consumers about the terms of its rental-purchase agreements and deceptively marked up prices, the Connecticut attorney general said Thursday.

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Novig Can't Block NY From Enforcing Sports Betting Rules

By Katryna Perera

A New York federal judge has declined to block the state from enforcing gambling restrictions against prediction market Novig, finding that the platform's sports-related event contracts are not swaps under the Commodity Exchange Act and therefore can be regulated by the state.

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CFTC Moves To Block CME, Others From Perpetuals Fight

By Aislinn Keely

The U.S. Commodity Futures Trading Commission has urged a New York federal judge to reject several briefs backing a challenge to the agency's approval of perpetual contracts tied to individual stocks, arguing "belated" submissions from critics like CME Group and Better Markets left the agency no time to respond.

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CFPB Says Anti-Bias Rule Rollback Tracks Fair Lending Law

By Katryna Perera

The Consumer Financial Protection Bureau is urging a D.C. federal judge to uphold the recent rollback of fair lending regulations, arguing that consumer advocates' legal challenge largely boils down to policy disagreements that are insufficient to support claims of invalid rulemaking.

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FBI Seizes $1.2B In Crypto Tied To Binance Heist

By Dorothy Atkins

The FBI has seized more than $1.2 billion of cryptocurrency recently stolen from the world's largest crypto exchange, Binance, according to an FBI statement Thursday — the same day Binance announced that it has replaced all assets stolen in the heist.

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DraftKings Says Seminole Tribe Suit Threatens Fed. Markets

By Crystal Owens

DraftKings Inc. is seeking to remove a challenge from the Seminole Tribe of Florida to a federal district court, alleging the lawsuit is the Indigenous nation's latest effort to expand its gaming monopoly because it is "dissatisfied with the billions" it brings in from its tribal casinos.

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DraftKings Sued Over Shifting Odds When Placing Sports Bets

By Alex Lawson

DraftKings is facing a proposed class action in Colorado federal court alleging the online sportsbook uses "deceptive interface design patterns" that lead bettors to place unintended wagers on live sport events.

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8 Ways To Prep For Calif. Fair Mortgage Lending Exams

California financial institutions face a new fair lending examination framework in January that adds formal reviews for certain banks and makes violating applicable mortgage nondiscrimination laws independently enforceable under California banking statutes, say attorneys at Alston & Bird.

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Ex-Cravath Staffer Charged With Insider Trading

By Stewart Bishop

A former employee at Cravath Swaine & Moore LLP on Thursday was arrested and charged with insider trading for allegedly exploiting nonpublic information about major deals involving the firm's clients, including Paramount Skydance Corp.'s $110 billion acquisition of Warner Bros. Discovery Inc.

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Posner Remembered For Wide Influence, Pragmatic Approach

By Ryan Boysen

The iconoclastic, prolific and hugely influential U.S. Circuit Court Judge Richard A. Posner is being remembered for a lifetime of relentless advocacy for a more pragmatic approach to the law and a legacy that will ripple through American jurisprudence for decades to come.

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Remembering Richard Posner: A Prolific Jurist

Judge Richard Posner died Tuesday at age 87, leaving a legacy as one of the most influential members of the judiciary who never served on the U.S. Supreme Court. Here, Law360 revisits its coverage over the years of the prolific retired Seventh Circuit judge, including interviews with him about his pragmatic approach to the law, his belief that the courts mistreat pro se litigants and his love of felines.

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Foley Revamps Associate Pay, Advancement Structure

By James Boyle

Foley & Lardner LLP is the latest law firm to alter the way it handles associate compensation and advancement to keep in line with Milbank LLP's update of its own associate pay scale in July.

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Weil's 1,000 Staff Face 'Absorption' Issue In Hunt For Roles

By Daniel Moritz-Rabson

As the approximately 1,000 professional staff members at Weil Gotshal & Manges LLP look for new roles, they're likely to encounter a more difficult job market than the firm's attorneys, recruiters told Law360 Pulse.

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DOJ Exodus Leaves Trump Facing Confirmation Crunch

By Courtney Bublé

Since the Democrats' sweeping victories on Election Day, there has been an exodus of top officials at the U.S. Department of Justice and prospects for confirming permanent replacement are slim.

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Feature

The Go-To Firms For Insurance Litigation In 2026

By Hope Patti

A Florida-based law firm filed the most insurance coverage actions in the first half of 2026, primarily representing policyholders in property damage disputes, while BigLaw firm Gordon Rees Scully Mansukhani was the most frequent choice among insurer defendants.

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Senate Confirms First Judge Of Lame-Duck Period

By Courtney Bublé

The U.S. Senate confirmed Alabama Supreme Court Justice Gregory Cook to the Northern District of Alabama on Thursday, marking the first judicial confirmation of the lame-duck period.

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Proskauer Won't Rep Perplexity In Reddit Data-Scraping Suit

By Matthew Perlman

Perplexity AI Inc. has abandoned its effort to have Proskauer Rose LLP defend against a data-scraping lawsuit from Reddit Inc. after Reddit raised concerns about the law firm's past representation of the social media company.

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Arbitration Assoc. Wants Consumers' Monopoly Suit Tossed

By Rae Ann Varona

The American Arbitration Association urged an Arizona federal court Thursday to toss a proposed class action that accuses the organization of monopolizing the consumer arbitration services market, saying the plaintiff consumers are trying to hold it liable for contracts it never entered into.

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