Nuvei To Pay $4.85M Over FTC Tech Support Scam Claims

By Sarah Jarvis

Payment processing firm Nuvei Corp. has agreed to pay $4.85 million to settle Federal Trade Commission claims that it helped facilitate tech support scams that bilked consumers out of millions of dollars, the FTC announced Friday in a settlement that its commissioners said articulated for the first time what it must prove to bring these kinds of cases.

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Robinhood To Halt Sports Trades In Mich. Amid Appeals

By Katryna Perera

Robinhood Derivatives LLC has agreed to stop offering new sports-related event contracts in Michigan, and the state has agreed not to pursue an enforcement action against the exchange until the Sixth Circuit rules on any of the pending appeals regarding the legality of sports event contract offerings.

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Meta Hit With Class Action Claiming AI Tools Aid Crypto Fraud

By Dorothy Atkins

Three cryptocurrency scam victims hit Meta Platforms Inc. with a proposed class action Thursday, accusing the social media giant of turning a blind eye to reports of rampant crypto-ad scams on its platforms and instead perpetuating the scams by providing scammers with artificial intelligence tools that boost their impact.

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Fintech Lender Escapes 'Bait & Switch' Suit In NC Court

By Sydney Price

Fintech company Figure Lending LLC has escaped a consumer's proposed class action over the alleged false marketing of its loans, with a federal judge ruling the plaintiff did not show the North Carolina court has subject matter jurisdiction over the claims.

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Fed Drops Crypto-Linked AML Action Against Texas Bank

By Katryna Perera

The Federal Reserve dropped enforcement actions Friday against United Texas Bank and Quontic Bank Acquisition Corp., the former of which had focused on alleged deficiencies in the bank's risk management and anti-money laundering procedures related to the bank's crypto customers.

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SEC Fines Ex-Bancorp CFO Over Improper Annual Report

By Sarah Jarvis

The Bancorp Inc.'s former chief financial officer will pay $30,000 to settle allegations from the U.S. Securities and Exchange Commission that he filed an annual report with purported audit opinions on the firm's financial statements despite knowing the auditors hadn't provided their final approval for the statements.

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Blockchain Biz Archblock Seeks More Time For Ch. 11 Plan

By Yun Park

Blockchain business Archblock LLC has asked a Delaware bankruptcy court to extend its Chapter 11 plan exclusivity period, saying the case is complex and negotiations with the creditors committee are progressing.

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The State Of Prediction Market Litigation After 9th Circ. Ruling

The Ninth Circuit's recent decision in Kalshi v. Assad gives state regulators significant appellate backing to enforce state gaming laws over prediction markets, creating a direct split with the Third Circuit that will likely lead to Supreme Court review of the question, say attorneys at Arnold & Porter.

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Senior Lawyers Survey: Tell Us About Your Career

How are senior lawyers adapting to evolving career paths and emerging technologies? Share your perspective in this five-minute survey.

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Legal Sector Hiring Grows For 5th Month, But At Slower Pace

By Rachel Rippetoe

The legal sector saw 600 more jobs in August, growing for the fifth consecutive month, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics. 

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3rd Circ. Revives Malpractice Claim Against Kirkland Atty

By Emily Sawicki

A New Jersey divorcee may once again pursue a legal malpractice claim against a Kirkland & Ellis LLP attorney who she said lost her millions by mishandling estate documents, after the Third Circuit found it could be possible to link her alleged damages to the lawyer's work.

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Quinn Emanuel DQ'd In Defamation Case Over Stock Reports

By Lynn LaRowe

A Texas federal court on Friday booted Quinn Emanuel Urquhart & Sullivan LLP from representing a Hong Kong manufacturing company in its defamation lawsuit against investment research service Muddy Waters LLC after finding that the law firm had received relevant confidential information when it represented Muddy Waters in a related government probe.

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DC Panel's Rare Rebuke Over AI Errors Flags Rules Gap

By Andrea Keckley

A D.C. appellate court panel issued a rare sua sponte sanctions order on Thursday after finding nonexistent case citations in a brief filed by a McCabe Weisberg & Conway LLC attorney representing Deutsche Bank National Trust Co. in a foreclosure action, noting an apparent gap in the rules governing the court's sanctions authority.

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Motley Rice Founder Remembered As Titan Of Mass Tort Bar

By Adrian Cruz

Motley Rice LLC co-founder Joseph F. Rice, who died Thursday, was remembered by former colleagues and friends as a "transformational" attorney and "giant in the civil litigation bar" who spent decades working on some of the most high-profile mass torts and obtaining landmark asbestos, opioid and tobacco settlements.

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Sinema Can't Duck Suit Over Affair With Ex-Security Guard

By Y. Peter Kang

A North Carolina federal judge Friday denied former U.S. Sen. Kyrsten Sinema's bid to escape the suit brought by the ex-wife of a former member of her security detail with whom she allegedly had an affair, saying the district court indeed has the authority to adjudicate the case.

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Roundup

Injury Law Roundup: Meta's Social Media Addiction Deal

By Y. Peter Kang

A $17.1 billion social media addiction settlement between Meta and 29 states and Johnson & Johnson's $5.5 billion ovarian cancer deal over its talc products lead Law360's Injury Law Roundup.

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Law360's Legal Lions Of The Week

By Kevin Penton

Morgan Verkamp LLC and Sparacino PLLC lead this week's edition of Law360 Legal Lions, after the Eleventh Circuit held that the False Claims Act's qui tam provisions do not violate the appointments clause of the U.S. Constitution.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Attorneys and academics differ over whether the moves by Meta's in-house lawyers ahead of its $17 billion settlement over claims its content harmed children were legal missteps or defensible efforts to manage litigation risk. And the co-founders of a partner-only law firm told Law360 Pulse how their technology reduces intake, billing and other nonbillable tasks that attorneys would normally perform. These are among the stories in corporate legal news you may have missed in the past week.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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