CFTC Sues Minnesota Over Law Banning Prediction Markets

By David Steele

The U.S. Commodity Futures Trading Commission sued Minnesota on Tuesday to block a newly enacted ban on prediction markets, the sixth state the CFTC has taken to federal court to assert control over regulation of the markets.

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Trump Banking Orders Boost Fintechs, Block Immigrants

By Lauren Berg

President Donald Trump on Tuesday signed a pair of executive orders aimed at preventing undocumented immigrant workers from using the U.S. financial system and expanding financial technology firms' access to Federal Reserve payment accounts and services.

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Sen. Warren Presses OCC On Crypto Trust Charter Approvals

By Aislinn Keely

Sen. Elizabeth Warren, D-Mass., is demanding Comptroller of the Currency Jonathan Gould share documents and communications related to the approval of national trust charters for cryptocurrency firms, which Warren argues are "seemingly ineligible" since the firms' business plans appear to wade into traditional banking activities.

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SEC Eyes Public Market Reforms With 2 New Proposals

By Jessica Corso

The U.S. Securities and Exchange Commission on Tuesday introduced a pair of proposals that could make it easier for publicly traded companies to raise capital through so-called shelf offerings while also reducing disclosure requirements for more issuers, arguing the proposals would bolster the public markets. 

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Brief

NJ Plans To Take 3rd Circ. Kalshi Loss To US Supreme Court

By George Woolston

New Jersey plans to seek U.S. Supreme Court review of a recent Third Circuit decision that upheld an injunction on the state's attempt to ban sports prediction markets, according to a joint status report filed by the state and KalshiEx LLC in New Jersey federal court. 

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NC Judge OKs DOJ, RealPage Deal In Antitrust Suit

By Grace Dixon

A North Carolina federal judge signed off on the U.S. Department of Justice's settlement with RealPage, the latest development in a suit alleging landlords coordinated to inflate rental prices via the company's algorithmic pricing software.

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Ex-Trader Says Crypto Co.'s Bid For Sanctions Is 'Unfounded'

By Hayley Fowler

A former trader said a cryptocurrency company is using an "unfounded" characterization of his deposition conduct to seek sanctions and lend credence to facts it hasn't otherwise been able to prove in its suit accusing him of usurping $8.1 million in digital assets.

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Bitcoin ATM Co. Says Compliance Measures Sent It To Ch. 11

By Rick Archer

Counsel for cryptocurrency automatic teller machine Bitcoin Depot told a Texas bankruptcy judge Tuesday that regulatory pressure and self-imposed anti-fraud measures caused a sharp drop in revenue that sent the company into Chapter 11.

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What Model Risk Guidance Update Means For Banks

Federal prudential regulators recently issued new model risk management guidance for banks that is designed to reduce prescriptive supervisory expectations and instead focus more on material financial risk, so banking organizations should reassess their model inventories, apply the new materiality framework and update their internal policies, say attorneys at Orrick.

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Operational AI Washing: The Section 220 Information Strategy

Plaintiffs filing AI washing claims will likely use Section 220 of the Delaware General Corporation Law to obtain internal board records, but 2025 amendments have fundamentally changed the landscape of presuit shareholder document demands in ways that create both risk and opportunity for companies, say attorneys at Akerman.

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Becoming The Biz-Savvy GC That Portfolio Companies Need

Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

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The 2026 Summer Associates Survey

By Daniela Porat

Law students hoping to land summer associate roles at their dream firms have to start applying earlier and earlier, forcing students to strike a difficult balance between focusing on academics and completing applications. Find out how students navigated the ever-competitive process and which firms topped students’ wish lists in the latest survey from Law360 Pulse.

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2nd Circ. Nixes $900M Suit Against Boies Schiller, Dentons

By Caroline Simson

The Second Circuit Tuesday refused to revive a racketeering lawsuit seeking up to $900 million in damages from Dentons and Boies Schiller Flexner LLP, in which the BigLaw firms were accused of misleading a former client in relation to a deal, and later arbitration, involving Senegal's state-owned energy company.

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Q&A

She Has A Point: Sheppard's Michelle Replogle

By Theresa Schliep

When Michelle Replogle of Sheppard and Nitika Gupta Fiorella of Fish & Richardson PC were opponents in a patent case, Fiorella said, Replogle stood out for her expertise and respect, which she showed to everyone regardless of their experience or whom they represented in the litigation.

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$1.8B IRS Deal Fund 'Not Slush Fund,' Blanche Tells Senators

By Courtney Bublé

Acting Attorney General Todd Blanche argued before a Senate committee on Tuesday that the nearly $1.8 billion settlement fund announced on Monday as part of the president's settlement with the Internal Revenue Service over his leaked tax documents "is not a slush fund."

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Quinn Emanuel Owes More Sanctions In Guardant Fight

By Lauren Berg

Quinn Emanuel and its team representing medical testing company Natera will shoulder further sanctions on top of the $3 million already imposed over the firm's misrepresentations concerning an expert witness in Guardant Health's false advertising case, a California federal judge ruled Tuesday.

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Nelson Mullins Partner Confirmed To SC Federal Bench

By Courtney Bublé

The Senate voted 52-38 on Tuesday to confirm Sheria Clarke, a partner at Nelson Mullins Riley & Scarborough LLP, as a judge for the District of South Carolina.

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Brother May Pay Ex-BigLaw Atty's Legal Fees In Insider Case

By Julie Manganis

A former BigLaw associate charged with orchestrating a sweeping insider trading scheme can have his legal expenses covered by his co-defendant brother if the two waive potential conflicts, a Massachusetts federal magistrate judge said Tuesday.

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Seeborg's Term As Calif. Northern District Chief Judge To End

By Bonnie Eslinger

Chief District Judge Richard Seeborg is expected to conclude his time as the top judge for the Northern District of California in July, according to a spokesperson for the judiciary, to be succeeded by U.S. District Judge Yvonne Gonzalez Rogers.

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