Soldier Aware Of Maduro Raid Bet On Polymarket, Feds Say

By Pete Brush

A U.S. Army sergeant stationed in North Carolina who helped plan the capture of deposed Venezuelan President Nicolás Maduro made lucrative, unlawful prediction market bets on the raid that saw Maduro brought to New York in January, Manhattan federal prosecutors charged on Thursday.

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Crypto.com Joins Arizona Prediction Markets Brawl

By Aislinn Keely

Crypto.com has entered the Arizona battleground over prediction markets, joining Kalshi and the U.S. Commodity Futures Trading Commission in a consolidated civil suit against the state, seeking an order protecting its own sports contract offerings from the reach of Arizona gaming regulators.

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Robinhood Hit With Class Action Over Illegal Sports Betting

By Tom Lotshaw

A proposed class action California, Michigan, New Jersey and New York residents filed against Robinhood Markets Inc. accuses the company of deceptively running an unlicensed sports gambling operation and seeks to recover billions of dollars in lost wagers and damages.

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Robinhood Investors Warn Of Nvidia Redux Before High Court

By Jessica Corso

Robinhood Markets Inc. investors urged the U.S. Supreme Court on Thursday not to hear a dispute revolving around the trading platform's $2.1 billion initial public offering, arguing that the case the company presents is "in the same mold" as those that the justices threw out against Meta and Nvidia two years ago.

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FDIC Sees Surging Growth In Bank Lending To Nonbanks

By Jon Hill

The Federal Deposit Insurance Corp. said Thursday that bank loans to private equity, private credit and other nonbanks reached $1.4 trillion last year, identifying it as the fastest-growing category of lending for banks since the 2008 financial crisis.

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Bitcoin Depot Data Breach Suit Can't Proceed, Judge Rules

By Chart Riggall

A Georgia federal judge freed Bitcoin Depot on Thursday from a proposed class action over a 2024 data breach that affected tens of thousands of customers after ruling that the speculative risk of identity theft on its own could not support the suit.

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BofA, EY Strike $2.5M Deal To Settle MOVEit Breach Claims

By Sydney Price

Bank of America and EY have agreed to pay $2.5 million to nearly 200,000 people to settle claims in multidistrict litigation over the May 2023 breach of file transfer application MOVEit, according to a motion for settlement.

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4 True Lender State Laws And 1 Appeal For Fintechs To Watch

The fintech industry faces increased scrutiny through proposed true lender laws from several states, as well as ongoing litigation regarding the impact of Colorado's opt-out from the Depository Institutions Deregulation and Monetary Control Act — all of which should heighten industry participants' vigilance, say attorneys at Womble Bond.

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Series

Officiating Football Makes Me A Better Lawyer

Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

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DLA Piper Clears Vote To End Verein, Unify Leadership

By Tracey Read

DLA Piper announced Friday that firm partners on both sides of the Atlantic have "overwhelmingly approved" a plan to dissolve its Swiss verein structure effective May 1.

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Exclusive

Judge Albright Reflects On 8 Years Shaping Patent Law

By Dani Kass

U.S. District Judge Alan Albright will be walking away from the Western District of Texas at the end of the summer, ready to head back into patent litigation work. He talked with Law360 on Friday about the rockier elements of his judgeship and lessons he'll take into private practice.

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Commerce Department's General Counsel Departs

By Christine DeRosa

The U.S. Department of Commerce's general counsel has left the agency after just over a year, the agency confirmed on Friday.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

In what may be a first, a federal judge has ordered BJ's Wholesale Club to put an investor's climate-related proxy proposal up for a vote of the shareholders at the company's annual meeting. And a new study shows that more in-house counsel are staying in place despite pay increases slowing amid less competition for talent.

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Law360's Legal Lions Of The Week

By Kevin Penton

Consovoy McCarthy PLLC, Butler Prather LLP, Bowen Painter LLC and Cannella Snyder LLC lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that Fluor Corp. can be held liable for a veteran's state-based injury claims stemming from a 2016 suicide bombing in Afghanistan.

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

By Laura Stewart Liberty

The past week in London has seen a Hong Kong company sue the government and a COVID-19 PPE company linked to Tory peer Michelle Mone, an oligarch bring a fresh claim against a rival in a long-running feud, a rugby league club sue over a canceled mass dance event, and Visa and Mastercard hit with legal action from H&M, Eurostar, and Bang & Olufsen. Here, Law360 looks at these and other new claims in the U.K.

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Oregon Lawyer Ordered To Pay Attorney Fees For Use Of AI

By Matt Perez

An Oregon attorney was sanctioned by a state appellate court for filing a brief containing a fabricated list of authorities because she used generative artificial intelligence, marking the first case in the jurisdiction to present the option of awarding attorney fees as a sanction as opposed to fines payable to the court.

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Akin Can't 'Recast' Appeal As Good-Faith Effort, 9th Circ. Told

By Lauren Berg

A European winemaker slammed attempts by a U.S. importer and its Akin Gump Strauss Hauer & Feld LLP attorneys to "recast a frivolous appeal as a good-faith effort," saying they should have to pay monetary sanctions for pursuing what the Ninth Circuit called a "self-indulgent" appeal of a valid arbitration award.

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Atty, Brother Say Father's Last Will Altered In Secret

By Emily Sawicki

A Blank Rome LLP attorney and his brother have sued the attorney who executed their father's will in New Jersey federal court, alleging the lawyer preyed on their ailing father toward the end of his life to alter his beneficiaries through undue influence, forgery and fraud.

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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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