OCC Advancing Stablecoin Rule At 'Great Speed,' Gould Says

By Jon Hill

The Office of the Comptroller of the Currency plans to issue the main rule establishing its stablecoin oversight framework by November and expects to be ready to process issuer licensing applications as soon as January, the agency's top official said Wednesday.

Read full article » | Save to favorites »

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 »

2nd Circ. Revives Signature Bank Investor Suit Against Execs

By Sarah Jarvis

The Second Circuit on Wednesday revived a shareholder lawsuit over alleged misstatements about Signature Bank's health ahead of its 2023 collapse, finding that a New York federal court was wrong to toss the case because securities fraud claims against the defunct bank do not transfer to the Federal Deposit Insurance Corp. as the banks' receiver.

Opinion attached | Read full article » | Save to favorites »

3 Firms Steer $7.5B Stripe, OpenRouter AI Gateway Deal

By Al Barbarino

Financial services company Stripe said Wednesday that it has agreed to acquire artificial intelligence routing platform OpenRouter, as three law firms take lead roles in steering the roughly $7.5 billion transaction.

Read full article » | Save to favorites »

Rising Star: Dechert's Georgina McLeod

By Lauren Berg

Georgina McLeod of Dechert LLP advised Israeli financial technology firm Pagaya on a $300 million, first-of-its-kind securitization of "buy now, pay later" assets with Klarna and WebBank, earning her a spot among the fintech attorneys under age 40 honored by Law360 as Rising Stars.

Read full article » | Save to favorites »

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 »

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 »

Jones Day Adds Former McGuireWoods Litigator In Pittsburgh

By James Boyle

An attorney specializing in representing financial institutions in state and federal litigation matters has moved her practice to Jones Day's Pittsburgh office after more than 10 years with McGuireWoods LLP.

Read full article » | Save to favorites »

6 Risk Areas Future Fla. Stablecoin Issuers Should Plan For

Companies hoping to issue stablecoins under Florida’s new supervision regime should prioritize constructing robust risk management architecture across key areas before the Oct. 1 effective date so they can secure licenses, avoid a web of potential liabilities, and operate sustainably as state and federal regulations evolve, says Elizabeth Brusa at Shumaker.

Read full article » | Save to favorites »

How Drug Trial Prediction Markets Pose Insider Trading Risks

Multiple prediction market platforms have recently announced plans to offer event contracts related to clinical trial outcomes and regulatory decisions, creating new insider trading risks by expanding the group of people possessing related material nonpublic information far beyond traditional corporate insiders, say attorneys at King & Spalding.

Read full article » | Save to favorites »

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 »

Series

Law School's Missed Lessons: Surviving A Long Trial

Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-examination or closing argument, effectively handling the marathon of a lengthy trial requires the ability to maintain composure, organization and credibility with the jury, says Mihir Elchuri at Hirschler.

Read full article » | Save to favorites »

How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

Read full article » | Save to favorites »

TikTok's Ex-Legal Head Made Racist Comments, Suit Says

By Bonnie Eslinger

TikTok and its former head of global legal operations have been accused in a California state court lawsuit of harassment and discrimination based on race and sex by a former legal department employee who claims the executive subjected her and other nonwhite colleagues to an "unrelenting campaign of harassment."

Complaint attached | Read full article » | Save to favorites »

Meta Atty 'Absolutely Wrong' On Client Privilege, Judge Warns

By Dorothy Atkins

With trial dark Thursday due to juror illness, a California judge overseeing states' claims that Meta Platforms Inc. hid social media's harms heard arguments over evidence, at one point criticizing Meta's efforts to assert attorney-client privilege and calling the company's in-house lawyer "absolutely wrong" about the appropriate standard.

Read full article » | Save to favorites »

Uber Gets Greenlight On Most Fraud Claims Against LA Firms

By Hailey Konnath

A California federal judge Wednesday largely rejected two Los Angeles personal injury firms' attempts to ditch Uber's suit claiming it's being targeted by a scheme involving fraudulent personal injury claims, finding Uber has plausibly alleged that the firms schemed with a surgeon to rack up medical costs.

Order attached | Read full article » | Save to favorites »

Trump Taps DOJ Official, ND Solicitor General For Judgeships

By Courtney Bublé

President Donald Trump announced Thursday he's tapping Jesus Osete, a top U.S. Department of Justice official, to serve on the Western District of Missouri and Philip Axt, solicitor general of North Dakota, for the District of North Dakota.

Read full article » | Save to favorites »

Jay-Z Appeals Buzbee Win In Rapper's Defamation Suit

By Rae Ann Varona

Music mogul Jay-Z's counsel fought uphill Thursday to convince a California state appeals court to revive claims that Texas attorney Tony Buzbee defamed and extorted him by roping him into a sexual abuse suit against Sean "Diddy" Combs, arguing in court that a trial court erroneously read evidence in Buzbee's favor.

Read full article » | Save to favorites »

CREXi Drops 9th Circ. Challenge To Quinn Emanuel DQ

By Isaac Monterose

Property listing company Commercial Real Estate Exchange Inc. has moved to dismiss its own Ninth Circuit mandamus petition, which challenged a lower court's disqualification of CREXi's counsel, Quinn Emanuel Urquhart & Sullivan LLP, from a legal battle against rival CoStar.

Motion attached | Read full article » | Save to favorites »

Eastman Among 16 Calif. Attys Disbarred In Q2 2026

By Emily Sawicki

The State Bar of California removed the licenses of 16 attorneys between April and June of this year over a broad spectrum of ethical breaches ranging from the high-profile case of John Eastman attempting to overturn the results of the 2020 presidential election, to a lawyer found to be in possession of child sex abuse images.

Read full article » | Save to favorites »