CFTC Enforcement Chief Touts Self-Reporting Policy

By Aislinn Keely

The U.S. Commodity Futures Trading Commission's enforcement chief said Tuesday that the agency plans to give entities a "clear path" to avoiding cases if they self-report issues early but warned the agency plans to staff up to pursue fraud and manipulation, including in burgeoning prediction markets.

Read full article » | Save to favorites »

Fed Will Take Fresh Look At Insider Loan Rules, Bowman Says

By Jon Hill

Federal Reserve Vice Chair for Supervision Michelle Bowman signaled Tuesday that changes could be on the horizon for a set of longstanding rules that limit banks' lending to their own executives and other insiders, identifying them as an upcoming target for reconsideration.

Read full article » | Save to favorites »

OCC Scraps Recovery Planning Standards For Big Banks

By Jon Hill

The Office of the Comptroller of the Currency said Tuesday that it is dropping its requirements for large banks to keep contingency plans for handling severe financial stress scenarios, finalizing the withdrawal of guidelines that date back to the Obama administration.

Final Rule attached | Read full article » | Save to favorites »

Analysis

DOL's Push To Curb 401(k) Suits Could Face Court Challenges

By Kellie Mejdrich

The U.S. Department of Labor's recent proposal to give retirement plan fiduciaries legal cover to select a broader range of investments aims to reduce ERISA litigation, but attorneys on both sides of the bar say they expect the rule to face legal challenges if finalized as proposed.

Proposed Rule attached | Read full article » | Save to favorites »

Ohio Federal Judge Boots Kalshi Gambling Suit To State Court

By Tom Lotshaw

An Ohio federal judge sent a gambling loss recovery suit lodged against Kalshi, Robinhood Markets, Webull Corp. and other prediction market companies back to an Ohio state court, ruling its claims do not hinge on a federal question.

Order attached | Read full article » | Save to favorites »

OCC Rule Tests Nonfiduciary Powers Of Trust Banks

The Office of the Comptroller of the Currency's updates to its final rule on national bank chartering, effective April 1, may augur a showdown between the OCC, states and traditional banking institutions over both the authority of national trust banks to engage in nonfiduciary activities under the National Bank Act, and the scope of federal preemption, says Audrey Carroll at Stinson.

Read full article » | Save to favorites »

Getting The Most Out Of Learning And Development Programs

Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

Read full article » | Save to favorites »

Feature

Rats, Vapes And Vodka: Strange But True Cases For April Fool's

By Emily Field

A dead rodent in a burrito bowl delivery, a mix-up with vodka seltzer in the wrong cans and the Toys R Us brand taking on a Connecticut vape shop are among Law360's list of strange cases suitable for April Fool's Day.

Read full article » | Save to favorites »

Analysis

'Best Judicial System In The World': Alsup Reflects On Career

By Bonnie Eslinger

Before taking inactive status late last year, U.S. District Judge William H. Alsup presided over historic litigation in California's Northern District for 26 years, arriving at his San Francisco chambers every weekday before dawn to prepare for the day's work.

Read full article » | Save to favorites »

FTC Backs Florida's Move To Kill ABA's Accreditation Monopoly

By Hailey Konnath

The Federal Trade Commission said Tuesday that it supports the Florida Supreme Court's recent decision to end the American Bar Association's longstanding accreditation monopoly, agreeing with the finding that it is "not in Floridians' best interest for the ABA to be the sole gatekeeper" in deciding who sits for the bar exam.

Letter attached | Read full article » | Save to favorites »

NC Attys Oppose DOJ Interference In State Ethics Complaints

By Hayley Fowler

A group of North Carolina lawyers is opposing the U.S. Department of Justice's proposed rule allowing the attorney general to review state-level ethics complaints against the department's attorneys, saying such a change would undercut the Tar Heel State's ability to regulate government lawyers.

Statement attached | Read full article » | Save to favorites »

Blumenthal Presses DHS Chief To Scrap ICE Warrant Memo

By Courtney Bublé

Sen. Richard Blumenthal, D-Conn., a top Democrat on the Senate Homeland Security and Government Affairs Committee, is looking for assurances from the newly installed secretary of the U.S. Department of Homeland Security, Markwayne Mullin, that he will honor his apparent pledge to rescind a policy that allows immigration agents to enter private property without a judicial warrant.

Letter attached | Read full article » | Save to favorites »

Habba, Ex-Firm Get Defense Redo In Suit Over Divorce Advice

By Jake Maher

A New Jersey appeals court gave former acting U.S. Attorney for New Jersey Alina Habba another chance to pursue an anti-abusive litigation motion against an attorney suing her for malicious prosecution on Tuesday.

Decision attached | Read full article » | Save to favorites »

7th Circ. Scolds Ex-Judge For Citing Fake Cases In Brief

By Celeste Bott

A Seventh Circuit panel admonished an attorney and former chief federal immigration judge for submitting a brief citing two nonexistent cases and a false quotation, saying while such errors can be "tell-tale signs" of AI hallucinations, her denial she used AI is "plausible" and the court won't consider further sanctions.

Opinion attached | Read full article » | Save to favorites »

'Construction Has To Stop!': Judge Blocks Trump's Ballroom

By Dorothy Atkins

A Washington, D.C., federal judge Tuesday granted a historical preservation nonprofit's request for a preliminary injunction halting President Donald Trump's plans to turn the White House's East Wing into an "enormous" 89,000-square-foot ballroom, saying "unless and until Congress blesses this project through statutory authorization, construction has to stop!"

Opinion attached | Read full article » | Save to favorites »

Beasley Allen Seeks Stay Of DQ In Federal J&J Talc MDL

By Jake Maher

The Beasley Allen Law Firm asked a New Jersey federal court on Monday to hold off on disqualifying it from talc litigation against Johnson & Johnson while it appeals the disqualification order which it called "unprecedented and incorrect."

Memorandum attached | Read full article » | Save to favorites »

Senate Dems Probe Musk's Alleged Role In CTA Retreat

By Sarah Jarvis

Three Democratic senators have asked U.S. Treasury Secretary Scott Bessent to provide information on Elon Musk's possible involvement in the rollback of the Corporate Transparency Act, saying the department's moves allow entities tied to the billionaire to operate in obscurity.

Letter attached | Read full article » | Save to favorites »

Analysis

Defamation Litigation Roundup: Unilever, Afroman, Musk

By Theresa Schliep

In this month's review of defamation fights, Law360 highlights a new suit against Unilever by an ousted member of a Ben & Jerry's board, as well as Afroman's defeat of a case by Ohio police officers after a raid of the comedic rapper's home.

3 documents attached | Read full article » | Save to favorites »

FBI Fired Agents Over Trump 2020 Election Inquiry, Suit Says

By Bonnie Eslinger

Former FBI agents who say they were illegally fired for working on the investigation into President Donald Trump's efforts to overturn his 2020 election loss filed a proposed class action in D.C. federal court Tuesday accusing the government of unconstitutional "political retribution."

Complaint attached | Read full article » | Save to favorites »

Brief

Moye White, Ex-Landlord Settle $4M Denver Lease Dispute

By Zach Dupont

Days before the start of a bench trial between a Denver landlord and defunct law firm Moye White LLP in state court, the two parties reached a settlement, ending the litigation where the landlord accused the firm of owing almost $4 million.

Notice attached | Read full article » | Save to favorites »