DCG Can Send Crypto Securities Question To 2nd Circ.

By Aislinn Keely

A Connecticut federal judge gave Digital Currency Group and its executives the green light to ask the Second Circuit whether certain cryptocurrency lending agreements amount to securities, waving on an appeal of a February order that kept alive a proposed class action over the collapse of DCG's crypto lending subsidiary.

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Ex-SVB Exec Recounts Pressure For 'More Yield' At FDIC Trial

By Bonnie Eslinger

Silicon Valley Bank's ex-head of corporate investments and capital markets testified in a deposition shown during a California federal bench trial Monday over the FDIC's claims the bank's brass mismanaged its assets, saying that he felt pressure from the bank's then-chief financial officer to add riskier, higher-yielding assets to the bank's securities portfolio.

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CFPB, CashCall Fight Sparks Bank Suit Over $144M Collateral

By Jon Hill

Lender CashCall's fight against a $157 million Consumer Financial Protection Bureau judgment has spawned a new lawsuit in California federal court, where an Indiana bank is now suing for guidance on what to do with millions in collateral that the agency wants to collect on.

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Analysis

After Tense Terms, Hints Of High Court Harmony With Circuits

By Jeff Overley

Following several U.S. Supreme Court terms teeming with reversals and rebukes of lower appeals courts, the justices this term found fault less often with rulings by circuit judges, who are likely becoming better attuned to the conservative supermajority, attorneys say.

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Feature

The Funniest Moments Of The Supreme Court's Term

By Jeff Overley

When one of the U.S. Supreme Court's most talkative members suddenly struggled to speak, the atmosphere at oral arguments grew increasingly anxious — until the justice deadpanned that it was an advocate's golden opportunity to avoid a grilling.

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Analysis

The Moments That Shaped The Monsanto Decision

By Cara Bayles and Steven Trader

U.S. Supreme Court justices forged unusual alliances when they ruled a federal statute preempts claims Monsanto failed to warn consumers its Roundup weed killer may cause cancer. Oral arguments provided insights on the 7-2 outcome, highlighting issues the jurists were grappling with and showcasing rationales that found their way into the opinion.

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RapidRuling Says NYAG's Fraud Suit Belongs In Federal Court

By Katryna Perera

An online arbitration platform sued by the New York attorney general has removed the case to federal court, saying the suit implicates questions relating to the Federal Arbitration Act.

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Chamber Urges 6th Circ. To Rule Against FDIC In Penalty Row

By Sarah Jarvis

The U.S. Chamber of Commerce has urged the Sixth Circuit to vacate a fine and industry ban leveled by the Federal Deposit Insurance Corp. against a former Michigan bank CEO, throwing its weight behind his challenge to the agency's use of in-house enforcement proceedings and pointing to the U.S. Supreme Court's Jarkesy ruling.

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Stablecoin Issuer Looks To Confirm Award Against Investor

By Joyce Hanson

The issuer of a U.S. dollar-pegged stablecoin urged a Massachusetts federal court Monday to enforce arbitral awards it won against an investment firm and also to secure a declaratory relief judgment, claiming the Malta-based firm has a long history of market manipulation.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week handled disputes involving arbitration, corporate control, advancement rights, freeze-out mergers and insolvent company wind-downs.

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Gibson Dunn Atty Rejoins SEC As Deputy Enforcement Chief

By Aislinn Keely

The U.S. Securities and Exchange Commission has hired an agency veteran and former Gibson Dunn & Crutcher LLP partner as deputy director of the SEC's Division of Enforcement, a spokesperson confirmed Monday.

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O'Melveny Lands Former McGuireWoods Attorney In NY

By Tracey Read

O'Melveny & Myers LLP announced Monday that it has hired a former McGuireWoods partner who represents financial institutions, broker-dealers, investment advisers and public companies in sensitive government investigations and inquiries.

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New Va. Finance Laws Signal Consumer Protection Push

Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

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Sealing The Deal

How Gibson Dunn Helped SpaceX Pull Off Its $75B Global IPO

By Al Barbarino

When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.

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CEO Cops To Conspiracy In BigLaw Insider Trading Case

By Sydney Price

A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.

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Justices To Defend Court's Budget In Rare Hill Testimony

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.

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Ex-DOJ Employees Tell Senate To Reject Blanche Nomination

By Emily Sawicki

Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.

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ChatGPT Edits Weren't 'Knowing' Errors, Conn. Justices Told

By Aaron Keller

A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.

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Ogletree Co-Founder Deakins, 'Beacon Of Wisdom,' Dies At 90

By Emily Johnson

A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.

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McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

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House Dems Push To Ban Judges From Prediction Markets

By Emily Sawicki

Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.

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