CFPB Seeks Green Light To Shed Half Of Staff In New Plan

By Jon Hill

The Consumer Financial Protection Bureau has asked the D.C. Circuit to let it proceed with a new plan to lay off roughly half of its remaining staff, arguing this latest downsizing proposal moots concerns that led to a lower-court injunction freezing efforts to slash its workforce.

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Ex-FTX Chief Engineer Resolves CFTC Fraud Suit For $3.7M

By Rick Archer

The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.

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SEC Walks Away From Five Crypto Wash Trading Cases

By Jessica Corso

The U.S. Securities and Exchange Commission has voluntarily dismissed cases against five defendants accused of manipulating the cryptocurrency markets through wash trading, telling a Massachusetts federal court it will not pursue monetary remedies against one convicted fraudster who had already consented to an agency settlement.

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Ex-CFO Can't Offset $35M Restitution With Crypto, Feds Say

By Ben Adlin

Federal prosecutors took issue Wednesday with a convicted former software executive's push to reduce the amount of money he needs to pay back in his $35 million fraud case, telling a Seattle federal court that Nevin Shetty shouldn't be able to offset his restitution obligation with cryptocurrency tokens.

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Robinhood Sues Wash. To Protect Prediction Market Biz

By Rachel Riley

Robinhood has launched a federal lawsuit seeking to shield itself from potential Washington state enforcement action over its prediction market offerings in the wake of Attorney General Nick Brown's Friday announcement that he's going after Kalshi for allegedly breaking Evergreen State gambling laws.

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Analysis

Wheeling & Appealing: April's Most Notable Oral Arguments

By Jeff Overley

April is the coolest month, at least for appellate aficionados, featuring numerous important arguments with famous litigants, including U.S. senators, delivery apps Grubhub and Uber Eats, impresario Sean "Diddy" Combs, prediction platforms Kalshi and Robinhood, and a political giant known as the Velvet Hammer.

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FDIC Reports Fewest Consumer Compliance Citations In Years

By Sarah Jarvis

Federal Deposit Insurance Corp. examiners last year cited banks for the fewest number of federal consumer protection violations since at least 2018, while the agency initiated half as many consumer protection-related enforcement actions as it did the year prior.

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Evita Boss Admits To Russia-Linked Crypto Laundering Ruse

By Stewart Bishop

The founder of crypto payments firm Evita on Wednesday admitted to what prosecutors say was a scheme to launder over half a billion dollars in cross-border transactions through the U.S. financial system, including funds held by sanctioned Russian banks.

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Series

Pa. Banking Brief: All The Notable Legal Updates In Q1

The first quarter of 2026 brought several consequential developments for Pennsylvania financial institutions, including the state banking department's first assessment overhaul in 10 years, a bill prohibiting interchange fees on card transaction sales taxes and a federal appeals court's upholding of a $52 million enforcement action, say attorneys at Gross McGinley.

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Bondi Out As Attorney General After Contentious Time At DOJ

By Courtney Bublé

President Donald Trump announced on Thursday Attorney General Pam Bondi will be leaving her post. 

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Goldstein Allowed To Move Out After Marriage Falls Apart

By Jared Foretek

A Maryland federal judge on Thursday allowed SCOTUSblog founder Thomas Goldstein to relocate for the duration of his home confinement, after Goldstein's attorneys said his marriage had fallen apart and it no longer "makes sense" for Goldstein and his wife to share a residence.

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Raskin Blasts DOJ Bid To Shield Attys From State Bar Probes

By Courtney Bublé

Rep. Jamie Raskin, D-Md., ranking member of the House Judiciary Committee, said Thursday the U.S. Department of Justice's endeavor to preempt state bar investigations of department attorneys is a "get out of jail free" card.

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DLA Piper, Vax Refuser Reach Deal To End Religious Bias Suit

By Patrick Hoff

DLA Piper has struck a deal to wrap up a Christian former employee's lawsuit claiming he was fired for refusing to get the COVID-19 vaccine because of his religious beliefs, an Illinois federal judge said Thursday.

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Feds Say Habeas Ruling Could Spur More 'Illegal Orders'

By Jared Foretek

The Trump administration has asked the Fourth Circuit to reverse a district ruling that upheld a standing order from Maryland federal judges barring immediate removal or transfer of immigrant detainees, arguing the ruling sets a dangerous precedent for district court standing orders.

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Schneider Wallace Fights Uphill For Bigger Cut Of $75M Fees

By Bonnie Eslinger

A California federal magistrate judge appeared skeptical Thursday about Schneider Wallace Cottrell Kim LLP's bid to increase its cut of a $75.4 million fee award for representing plaintiffs in a $228.5 million Sutter Health antitrust deal, saying lead counsel Constantine Cannon LLP's allocation of $1.4 million to Schneider Wallace seems fair.

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Puerto Rico Bankruptcy Stymies Paul Weiss, ACLU Fee Bids

By Carolyn Muyskens

American Civil Liberties Union and Paul Weiss attorneys who successfully eased restrictions on voting by mail in Puerto Rico during the COVID-19 pandemic cannot collect fees for their work because they were discharged in Puerto Rico's bankruptcy proceeding, the First Circuit has ruled.

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Process Server ABC Legal Inks $2.5M Deal Over Cyber Breach

By Ben Adlin

Seattle-based ABC Legal Services LLC, which bills itself as the nation's largest network of legal process servers, would pay $2.5 million under a tentative deal to settle workers' putative class action claiming a 2024 cyberattack exposed their personal information, the plaintiffs told a Washington federal court Wednesday.

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Roundup

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

By Laura Stewart Liberty

The past week in London has seen data giant Sportrader face action from software company Altenar over alleged market abuse, Mexican billionaire Ricardo Pliego sue a man who allegedly defrauded him out of $415 million, and Warner Bros. bring a copyright claim against a YouTuber who leaked set footage of the upcoming Harry Potter series. Here, Law360 looks at these and other new claims in the U.K. 

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