Kalshi Unwound Mich. Trades Before CFTC Order, Court Told

By Aislinn Keely

Kalshi told a Michigan judge that it will remain in compliance with a court order that instructed it to unwind certain residents' sports trades because it has no way to meet a U.S. Commodity Futures Trading Commission directive to defy the court and reinstate the contracts.

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Feds Say NYC Duo Laundered $43M In 'Pig-Butchering' Funds

By Stewart Bishop

New York federal prosecutors have announced charges against two Chinese nationals who are alleged to be top members of a sophisticated money laundering network in New York and China that used numerous shell companies and bank accounts to conceal at least $43 million in illicit proceeds from "pig-butchering" scams.

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NM Wants CFTC's Prediction Market Enforcement Suit Axed

By Aislinn Keely

The state of New Mexico told a federal judge that a U.S. Commodity Futures Trading Commission suit over prediction market regulation shouldn't stand, since the agency can't show how it's been harmed by the state's attempts to enforce its gaming laws against Kalshi.

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Ex-FDIC, CFPB Chiefs Back Colo. In 10th Circ. Rate Law Case

By Zach Dupont

Two former members of the FDIC's board of directors, one of whom also led the Consumer Financial Protection Bureau, filed an amicus brief urging the Tenth Circuit to uphold a panel's ruling reinstating a Colorado law intended to curb high-cost lending in the state that a lower court initially shot down.

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FDIC Says Excessive Risk Dooms SVB's $1.7B Claim

By Bonnie Eslinger

The Federal Deposit Insurance Corp. argued during closing arguments in a trial in California federal court that Silicon Valley Bank's 2023 failure was due to excessive financial risk and mismanagement, while SVB countered that its losses were sparked by an "unprecedented" bank run.

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Ex-SEC Worker's Son Posted Probe Info Online, OIG Says

By Sarah Jarvis

The U.S. Securities and Exchange Commission's Office of Inspector General said Friday that prosecutors declined to prosecute a now-retired SEC employee for purportedly sharing information about an active enforcement investigation with her son, who then posted information about the matter on social media.

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Del. Says Counter-Counterclaims Are Allowed In Crypto Case

By Jarek Rutz

The Delaware Chancery Court has recommended denying a cryptocurrency holding company's bid to throw out a former executive's breach of contract claim, concluding that Delaware's procedural rules permit so-called "counter-counterclaims" and rejecting arguments that the claim was barred by res judicata or was untimely under the doctrine of laches.

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Core Scientific Data Center Builder Hit With $2.5M Suit

By Abigail Harrison

A contractor brought on to build a data center owned by cryptocurrency mining company Core Scientific Inc. is accused of owing a subcontractor $2.5 million after it failed to pay for completed work, according to a new lawsuit in North Carolina federal court.

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The Debanking Minefield: Navigating Fair Access In 2026

Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

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How To Brace For A Potential Democratic Oversight Push

With the possibility of a shift in congressional control after the November midterm elections, companies and their general counsel should prepare now by mapping oversight exposure, reviewing government interactions, preserving records and developing coordinated communications strategies, say attorneys at Hogan Lovells.

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How Competitive Is Your Compensation? Take Our Survey

Is your compensation keeping pace with the rate of inflation? Do you know what your colleagues made last year? Help Law360 Pulse answer these questions and more in this year's Law Firm Compensation Survey.

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DOJ Unveils Law Firm Subpoenas In ABA Docs Bid Fight

By Ryan Boysen, Rae Ann Varona, Alison Knezevich, Daniel Moritz-Rabson and Aebra Coe

The BigLaw firms that cut deals with the Trump administration last year to skirt punitive executive orders are now grappling with subpoenas from the U.S. Department of Justice seeking deal-related communications and depositions of the firms' managing partners or chairs, according to Friday court filings.

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K&L Gates Cuts Nonattorney Staff By 10% After Review

By Tracey Read

K&L Gates LLP has cut its nonattorney and business support staff by 10% following a monthslong review of its structure, the firm told Law360 Pulse Friday.

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Analysis

Upon Review: The 2026 World Cup's Biggest Legal Stories

By Alex Lawson

The grandest iteration of the World Cup to date unsurprisingly raised new legal and regulatory disputes, including immigration issues and the White House's intervention in a player disciplinary proceeding. Here, Law360 digs into the legal questions arising from the tournament.

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7th Circ. Admonishes Atty Over 'Astonishing' Bogus Citations

By Christine DeRosa

The Seventh Circuit has admonished but declined to sanction an attorney for a brief that included what a judge called "an astonishing number of erroneous and even hallucinated citations."

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Ashurst Perkins Gets Trial Date Pushed In Malpractice Case

By Rachel Riley

A Washington state judge granted Ashurst Perkins Coie's bid to postpone the trial date in a lawsuit accusing the firm's predecessor of making significant mistakes while representing a Middle Eastern screw and nail manufacturer in regulatory proceedings before the U.S. Department of Commerce, calling the case "complex" on Friday.

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Judge Warns Gov't Over Apparent AI-Hallucinated Citation

By Courtney Bublé

A federal judge in Michigan, appointed by President Donald Trump, called out the government for its apparent use of artificial intelligence to cite "nonexistent case law."

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Public Defenders Go On Strike In New York City

By Andrea Keckley

Hundreds of public defenders and social workers in Brooklyn and Queens have gone on strike, with the possibility of more walkouts to come as legal aid providers continue to negotiate with their unions.

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Feature

How A 'Revolutionary' Charlotte Courtroom Advances Justice

By Hayley Fowler

In the second of a two-part series on the Virginia Revival Courtroom in the Charlotte federal courthouse, judges, architects and a trial consultant explain the strategy behind designing a space they see as more conducive to justice.

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2nd Circ. Backs Public Defender's Firing For Computer Misuse

By Andrea Keckley

The Second Circuit has backed a district court's dismissal of a former public defender's lawsuit against Oneida County, New York, for firing him after he used his work computer to work on his private practice on county time, agreeing that the county did not violate his privacy rights or breach their contract.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

The U.S. Securities and Exchange Commission is considering allowing electronic delivery to be the default method for sending investors information, and a panel of investor activists said the 2026 proxy season was shaped by regulators who seem to let public companies behave more like private ones. These are among the stories in corporate legal news you may have missed in the past week.

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Roundup

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

By Megan Norcott

The past week in London has seen Snapchat and Dolby press on with a fresh infringement claim in their ongoing patent battle, The Telegraph face an intellectual property claim by a photo archive, a group of international human rights barristers and chambers sued, and oil business Equinor embroiled in a contract dispute with BP after recently acquiring full ownership in their offshore project. Here, Law360 looks at these and other new claims in the U.K.

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Law360's Legal Lions Of The Week

By Kevin Penton

Hogan Lovells Cadwalader leads this week's edition of Law360 Legal Lions, after the Second Circuit determined that a lower court properly found that Nielsen cannot condition media company Cumulus' access to national radio ratings data on buying its local offerings.

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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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