SDNY Chief Says Office Has Eye On Prediction Markets

By Jessica Corso

The Southern District of New York's top prosecutor said Thursday that his office is thinking about how the current laws apply to prediction markets, and said that he expects fraud cases to be brought against those taking advantage of those markets.

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Bessent Knocks 'Nihilist' Crypto Critics Of Market Reg. Bill

By Jon Hill

U.S. Department of the Treasury Secretary Scott Bessent on Thursday defended Republican-backed legislation to regulate crypto markets as critical to the future of digital assets in the U.S., telling senators that industry players who are holding out "should move to El Salvador."

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Polymarket Hit With Class Action For 'Disguising' Sports Bets

By Katryna Perera

Prediction market company Polymarket has been hit with a class action in New York federal court targeting its sports event contracts, which the suit alleges are disguised sports gambling offers meant to evade state regulation and scrutiny.

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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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SEC Data Contractor To Pay $1.5M Over Faked Audit Cert.

By Katryna Perera

The CEO of a data infrastructure company that contracted with the U.S. Securities and Exchange Commission has agreed to pay $1.5 million as part of a pretrial diversion agreement to resolve charges that he fraudulently claimed his business was certified for high-level reliability and security.

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Crypto Lender Nexo Can't Exit Suit Over Liquidated Loans

By Sydney Price

Crypto lender Nexo Capital Inc. must face a customer's suit accusing the firm of misleading him about fees and causing him millions of dollars in losses through forced liquidations of his crypto assets, a California magistrate judge determined, saying that several of the plaintiff's claims have been sufficiently asserted in the pleading stage.

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Kalshi Taps White & Case Alum As Enforcement Head

By Emilie Ruscoe

Kalshi announced Thursday that it has selected a former White & Case LLP associate to serve as its head of enforcement, as the prediction market expands its market surveillance and enforcement framework.

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Bipartisan Enforcement Is Rising In Consumer Finance

Activity over the past year suggests a bipartisan state enforcement wave is rippling across the consumer finance industry, which follows a blueprint set out by former Consumer Financial Protection Bureau Director Rohit Chopra, who notably now leads a Democratic Attorneys General Association working group, say attorneys at Hudson Cook.

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Series

Teaching Logic Makes Me A Better Lawyer

Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

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Meet New Paul Weiss Chairman Scott Barshay

By Anna Sanders

New Paul Weiss Rifkind Wharton & Garrison LLP chair Scott Barshay is a rainmaker who most recently led the corporate department, guiding clients through some of the largest transactions in recent history after joining the firm's New York office a decade ago.

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Judge Who Resigned To Criticize Trump Had Faced Inquiry

By Chris Villani

Former Massachusetts U.S. District Judge Mark L. Wolf was the subject of an inquiry into potential misconduct when he announced his November resignation, a decision he said at the time was motivated by a desire to speak out against the Trump administration, according to a source familiar with the matter.

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Judge Says AI Errors Show Atty Can't 'Learn' From Mistakes

By Ivan Moreno

A New York federal judge concluded that an attorney who repeatedly submitted filings with false AI-generated citations must be punished with case-terminating sanctions against a client he was defending in a trademark lawsuit, saying Thursday that the lawyer "has not, and apparently cannot, learn from his mistakes."

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NY Times Article Excerpts Admitted In Goldstein Trial

By Jared Foretek

Federal prosecutors pressing their case against SCOTUSblog co-founder Thomas Goldstein for tax evasion and misleading statements on mortgage applications were finally able on Thursday to present jurors with key statements the U.S. Supreme Court lawyer made to legal journalist Jeffrey Toobin for a long New York Times Magazine article.

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Texas Atty Must Explain AI 'Misuse' In Employment Case

By Lauren Berg

A prominent civil rights attorney representing a University of Texas at Austin nurse in an employment discrimination case must explain why he shouldn't be sanctioned "for his apparent misuse of artificial intelligence" to research and write a brief, a Texas federal judge ruled.

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Ex-Alex Jones Atty Asks Conn. Justices To Nix Suspension

By Brian Steele

A Connecticut attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case has asked the state's highest court to consider whether it was proper for a judge to suspend his law license for violating a protective order governing Sandy Hook families' personal information.

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Deel Loses Bid To DQ Quinn Emanuel In Trade Secrets Fight

By Lauren Berg

Payroll and human resources company Deel Inc. cannot have Quinn Emanuel Urquhart & Sullivan LLP disqualified from representing its competitor Rippling in a trade secrets fight, a Delaware judge ruled Thursday, saying there is no "clear conflict" that would require booting the BigLaw firm.

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State Bar Of Texas Declines To Open Grievance On Ramey

By Emily Sawicki

The State Bar of Texas has declined to open a grievance against patent litigator William P. Ramey III after a San Francisco federal court sanctioned him and his firm, Ramey LLP, for practicing law in California without a license.

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Wash. Lawyer Faces Sanction Threat Over Alleged AI Errors

By Ben Adlin

A federal judge has ordered an attorney in Washington state to submit a sworn declaration explaining why she shouldn't be sanctioned for what opposing counsel claimed are dozens of artificial intelligence "hallucinations" across multiple case filings.

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Fake Case Pulled From Toshiba Malicious Prosecution Suit

By Bryan Koenig

A former printer toner salesman is trying to salvage his lawsuit against Toshiba after the company flagged nonexistent citations, apologizing to the California federal court in a corrected brief Thursday defending claims that the electronics company manufactured a criminal case against him and others to maintain an illegal monopoly.

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McCarter & English Wants To Torpedo $22M Malpractice Suit

By Aaron Keller

McCarter & English LLP on Thursday asked a Connecticut Superior Court judge to sink a $22.3 million professional negligence lawsuit by two struggling insurers, saying failures to provide documents or knowledgeable people to testify during pretrial depositions warrant a "harsh" end to the nearly decade-old case.

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Trump's Seattle US Atty Stays On For Now Via Title Swap

By Rachel Riley

Trump administration appointee Charles Neil Floyd will continue to be the Western District of Washington's top federal prosecutor for now, under the new title of "First Assistant U.S. Attorney," after the deadline passed Wednesday for the U.S. Senate to confirm the interim appointment.

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Klobuchar Alarmed By Exodus Of Prosecutors In Minnesota

By Courtney Bublé

Sen. Amy Klobuchar, D-Minn., on Thursday said she was alarmed by the surge of resignations by federal prosecutors in her state following the shooting deaths of two Minnesotans by immigration agents.

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Judiciary Backs Bill To Let Judges Carry Concealed Guns

By Courtney Bublé

The federal judiciary has come out in support of a Republican-led bill to allow judges and prosecutors to carry concealed firearms across state lines, according to a letter obtained by Law360.

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Ex-Prosecutors Call For Independent Probes Of ICE Killings

By Rose Krebs

A coalition of former federal prosecutors and civil rights attorneys is urging U.S. Attorney General Pam Bondi to ensure that the U.S. Department of Justice allows for "transparent, unbiased and impartial" investigations into the killings in Minneapolis last month of Renee Good and Alex Pretti by federal immigration enforcement agents.

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