Blockchain-based payment solutions company Ryvyl Inc. has reached a deal with its investors to settle their derivative claims that the company was damaged by an alleged concealment of accounting issues.
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TUESDAY, NOVEMBER 18, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Fintech Ryvyl Gets First OK For Derivative Suit Deal

By Sydney Price

Blockchain-based payment solutions company Ryvyl Inc. has reached a deal with its investors to settle their derivative claims that the company was damaged by an alleged concealment of accounting issues.

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Ill. OKs Next Step For LevelField's Crypto-Focused Bank Bid

By Aislinn Keely

LevelField Financial Inc. announced Monday that an Illinois regulator has given it the green light for the next step of its planned acquisition of Burling Bank, furthering its plan to launch an insured bank that offers crypto services with the help of its acquisition counsel Hunton Andrews Kurth LLP.

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Russia-Tied Payments Co. Escapes Investor Suit For Good

By Emilie Ruscoe

Payments company Qiwi PLC no longer faces investor claims it hid its noncompliance with Russian financial regulation and hurt investors when the company disclosed that a Russian central bank audit had led to a fine and certain payments restrictions.

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MVP

MVP: Coinbase's Ryan VanGrack

By Aislinn Keely

As Coinbase's global head of litigation, Ryan VanGrack has advanced the crypto exchange's "fight for crypto" on multiple fronts — including getting the U.S. Securities and Exchange Commission and state regulators to drop enforcement actions and lodging suits demanding transparency on regulators' past treatment of crypto — earning him a spot as one of the 2025 Law360 Fintech MVPs.

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ENFORCEMENT & COMPLIANCE

Feds Back IRS Agent Testimony In Goldstein Tax Case

By Asha Glover

An Internal Revenue Service agent must be allowed to testify in Tom Goldstein's tax evasion case, the U.S. government said, arguing that the agent's testimony is relevant to proving willfulness in the tax crimes the U.S. Supreme Court attorney and SCOTUSblog publisher was charged with.

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LITIGATION

Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court and Delaware Supreme Court last week had a dense slate of fiduciary duty battles, merger-process challenges, post-bankruptcy fights and a series of cases probing the limits of fraud pleading, credible-basis inspections and board-level disclosure duties.

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Brief

Crypto.com Asks 9th Circ. To Shield Event Contracts In Nev.

By Aislinn Keely

Crypto.com is appealing to the Ninth Circuit a judge's decision to not restrain Nevada's gaming regulators from taking action against the company over its sports event contracts.

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EXPERT ANALYSIS

Where Crypto Mixing Enforcement Is Headed From Here

Recent developments involving crypto mixers, particularly the Tornado Cash verdict, demonstrate that the Justice Department's shift away from regulation by prosecution does not mean total immunity, rather reflecting an approach that prioritizes both innovation and accountability, says David Tarras at Tarras Defense.

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Assessing The SEC's Changing Approach To NFT Regulation

Early U.S. Securities and Exchange Commission actions on nonfungible tokens pushed for broad regulation, but subsequent court decisions — including a recent California federal court ruling in Adonis Real v. Yuga Labs — and SEC commissioners' statements have narrowed the regulatory focus toward a more fact-specific approach, say attorneys at Wilson Elser.

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E-Discovery Quarterly: Recent Rulings On Dynamic Databases

Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

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LEGAL INDUSTRY

Bonus Spotlight

Cravath Unveils Associate Bonuses, Multiple Firms Follow

By Aebra Coe

Multiple firms swiftly fell in line Tuesday evening just hours after Cravath Swaine & Moore LLP announced associate bonuses in line with those offered last year, continuing a long tradition of BigLaw firms following Cravath's lead on compensation.

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Analysis

Perkins Coie's Trump Fight Doesn't Scare Off UK Suitor

By Chris Villani

Perkins Coie LLP's ongoing fight with the Trump administration did not deter a proposed combination with British law firm Ashurst, signaling that the legal community is not worried about fallout from the president's suspension of the firm's security clearances.

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Republican Senators Seek Judge Boasberg's Suspension

By Courtney Bublé

Six Republican senators, three of whom sit on the Senate Judiciary Committee, are asking that Chief U.S. District Judge James E. Boasberg of the District of Columbia be administratively suspended while Congress considers his impeachment.

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Sanctioned Atty Convinces Mo. Court Errors Not Caused By AI

By Emily Sawicki

A Missouri federal judge sanctioned former counsel for Liberty Mutual Personal Insurance Co. Monday for including citation errors in a motion this fall, finding that, although the attorney likely inserted the errors herself without the use of AI software, "such carelessness, exacerbated by a lack of internal guardrails, is entirely unacceptable."

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Brief

Conn. Atty Fined $500 For AI-Generated Errors In Wage Suit

By Emily Sawicki

In an order that noted an attorney's remorse, a Connecticut federal judge sanctioned a solo practitioner $500 this week for submitting a brief packed with false, AI-generated case citations, finding the fake authorities wasted court resources, risked misleading a pro se litigant and undermined trust in the judicial system.

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Disbarred NC Atty Must Pay $5.2M For Escrow Fund Misuse

By Abigail Harrison

A disbarred attorney was ordered to pay $5.2 million in restitution and serve four years of probation during a Tuesday sentencing hearing in North Carolina federal court, after he pled guilty to a criminal wire fraud charge related to the misuse of escrow funds.

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Judge Upholds NY Law Blocking ICE Courthouse Arrests

By Andrea Keckley

New York beat back a federal lawsuit challenging the state's policy barring immigration officials from arresting people near its courthouses, after a federal judge rejected the U.S. Department of Justice's preemption claims.

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NY AG James Blasts 'Outrageous Conduct' Behind Indictment

By Adrian Cruz

New York Attorney General Letitia A. James has told a Virginia federal court to dismiss the U.S. government's indictment of her, calling it "patently unconstitutional" and "outrageous conduct."

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McGuireWoods Is Delaying Defamation Case, NC Justices Told

By Hayley Fowler

The former CEO of a managed care organization who alleges McGuireWoods and one of its ex-partners defamed him during a press conference more than seven years ago has told North Carolina's top court not to take up the case, panning their petition as yet another stalling tactic.

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Brief

Missouri Federal Judge To Take Senior Status

By Courtney Bublé

U.S. District Judge Douglas Harpool of the Western District of Missouri has given notice he will take senior status upon the confirmation of state Judge Megan Benton, whose nomination to the federal bench President Donald Trump announced Friday.

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CFPB's Gradler Takes Deputy Post Amid Agency Uncertainty

By Jon Hill

Geof Gradler, a former industry lobbyist who recently joined the Consumer Financial Protection Bureau's front office, said that he is taking over as the agency's deputy director, a job that positions him as a potential successor to acting director Russell Vought.

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COMPANIES IN TODAY'S NEWS

Above the Law

Air Products & Chemicals Inc.

BTI Consulting Group Inc.

Binance Holdings Ltd.

Burling Bank

CITGO Petroleum Corp.

Cardinal Innovations Healthcare

Citadel Securities LLC

CoinDesk LLC

Coinbase Global Inc.

ConocoPhillips Co.

DraftKings Inc.

Elliott Investment Management LP

EngageSmart

Federal National Mortgage Association

Freddie Mac

Gold Reserve Inc

HDR Global Trading Ltd.

LexisNexis Legal & Professional

Liberty Mutual Insurance Group

LinkedIn Corp.

M & F Worldwide Corp.

Major Lindsey & Africa LLC

New York Post

North Carolina State Bar

Ozone Networks Inc.

Paramount Global

RELX PLC

Skydance Media LLC

Theory LLC

Vista Equity Partners Management LLC

Wells Fargo & Co.

LAW FIRMS IN TODAY'S NEWS

Baughman Kroup

Brooks Pierce

Brown Law Firm

Cadwalader Wickersham

Cleary Gottlieb

Cravath Swaine

Freedman Normand

Goldblatt & Singer

Grant & Eisenhofer

Hunton Andrews

Lowell & Associates

Mayer Brown

McGuireWoods

Milbank LLP

Mintz Levin

Munger Tolles

Paul Hastings

Perkins Coie

Richards Layton

Rynearson Suess

Schall Law

Sidley Austin

Skadden Arps

Snell & Wilmer

Turning Point Litigation

Wilson Elser

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Consumer Financial Protection Bureau

Delaware Court of Chancery

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Housing Finance Agency

Federal Reserve System

Financial Crimes Enforcement Network

Illinois Department of Financial and Professional Regulation

Internal Revenue Service

Nevada Attorney General's Office

Nevada Gaming Control Board

New York Attorney General's Office

Office of Foreign Assets Control

Office of the Comptroller of the Currency

State of Nevada

U.S. Attorney's Office

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Attorney's Office for the Middle District of North Carolina

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Maryland

U.S. District Court for the District of Massachusetts

U.S. District Court for the Eastern District of Missouri

U.S. District Court for the Eastern District of New York

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Northern District of New York

U.S. District Court for the Southern District of California

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Missouri

U.S. Immigration and Customs Enforcement

U.S. Secret Service

U.S. Securities and Exchange Commission

U.S. Supreme Court