Counsel for a Maryland cybersecurity consultant on Tuesday told a Manhattan federal jury that a purported heist of well over $53 million from Uranium Finance didn't actually damage the decentralized crypto exchange, in closing arguments that took aim at the linchpin charge of computer fraud.
Counsel for a Maryland cybersecurity consultant on Tuesday told a Manhattan federal jury that a purported heist of well over $53 million from Uranium Finance didn't actually damage the decentralized crypto exchange, in closing arguments that took aim at the linchpin charge of computer fraud.
A Southern California tribe warned the U.S. Supreme Court on Tuesday that a recent Third Circuit decision blocking New Jersey from enforcing its gambling laws against Kalshi could threaten tribes' exclusive rights to regulate gambling on their reservations.
The U.S. Commodity Futures Trading Commission took another step toward widening the field of perpetual contracts by easing the way for platforms to convert certain existing contracts tracking security indices into true perpetual futures.
Federal Deposit Insurance Corp. Chairman Travis Hill on Tuesday defended a new rule that narrows what regulators can call out for supervisory criticism and potential enforcement at banks, saying the change is intended to focus their oversight, not water it down.
The Federal Reserve's top regulatory official said Tuesday that the central bank is overhauling how it manages its nationwide supervision operations, laying out plans for a reorganization aimed at streamlining the chain of command for its bank examination work.
The U.S. Securities and Exchange Commission has sued financial technology startup Kalder Inc. and its convicted founder and former CEO, alleging that they made false and misleading statements to investors in connection with a $6.7 million seed financing round.
Several developments from New York financial services regulators in the third quarter reflect a common theme — regulators are increasingly seeking to apply established supervisory expectations to newer market participants and emerging financial products, say attorneys at Blank Rome.
Litigation funder Omni Bridgeway has raised a new $1 billion fund from mostly repeat investors, with plans to deploy the money broadly across countries and case types while avoiding debt leverage.
U.S. Supreme Court Justice Samuel Alito said this week he "reluctantly" recused himself from a dispute that could decide whether state and local government can sue Big Oil in state courts for damages related to greenhouse gas emissions, while suggesting the high court's members shouldn't make a practice of explaining their reasons for stepping away from cases.
Nearly two dozen government accountability groups are calling for Congress to enact a law that would make U.S. Supreme Court justices' papers government property that would someday be available to the public.
Senior U.S. District Judge Jeffrey S. White will retire at the end of the year after nearly a quarter-century on the federal bench in Northern California.
After her sudden death while leading the American Bar Association council that handles law school accreditation, Melissa Hart is being remembered as a passionate and fiercely intelligent jurist, mentor and leader who will be missed as the council navigates numerous challenges to its accreditor status.
