Trump-Backed Crypto Co. Gets Initial OK For Bank Charter

By Jon Hill

The Office of the Comptroller of the Currency on Friday preliminarily approved a closely watched charter application from World Liberty Financial, moving the Trump family-tied cryptocurrency venture closer to launching a federally regulated trust bank.

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Poolin Cleared To Pursue Asset Sale Amid Trustee Fight

By Ben Zigterman

Cryptocurrency miner Poolin Technology can pursue a sale next month of its assets, a New Jersey bankruptcy judge said Friday, giving its stalking horse bidder time to also buy a neighboring property for an artificial intelligence data center in Texas.

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Conn. Opposes Kalshi's Bid To Keep Running Pending Appeal

By Katryna Perera

Connecticut officials on Friday asked a federal judge to deny KalshiEX's bid to keep offering sports contracts as it mounts a "long-shot appeal" of an injunction, arguing there is no basis to restrain state regulators from enforcing state wagering law given the contracts' "clear illegality." 

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CFPB Will No Longer Post Narratives In Complaint Database

By Jon Hill

The Consumer Financial Protection Bureau said Friday it will stop publishing consumer complaint narratives and data visualizations, a move consumer advocates warn will limit public visibility into patterns of alleged financial company misconduct.

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Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

By Lauren Berg

The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

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5th Circ. Backs Investment Co.'s Sanction In Highland Ch. 11

By Emily Lever

The Fifth Circuit on Friday decided to keep in place an $826,000 sanction against NexPoint Real Estate Partners, finding "clear and convincing evidence" showed it filed and litigated a bad-faith claim in the Chapter 11 case of defunct hedge fund Highland Capital Management LP.

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Brief

Wells Fargo, Conduent Settle NM Debit Card Fraud Suit

By Katryna Perera

New Mexico residents who claimed Wells Fargo and a third-party contractor mishandled reports of fraud involving their state-issued debit cards dropped their proposed class action, telling a New Mexico federal judge on Friday that they had reached settlements to end the case.

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Roundup

Taxation With Representation: Miller Thomson, Bennett Jones

By Zak Kostro

In this week's Taxation With Representation, GO Residential Real Estate Investment Trust and a consortium of buyers acquire H&R Real Estate Investment Trust, insurance exchange Accelerant goes private in a deal with Thoma Bravo, and Goldman Sachs acquires NEOS Investments.

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Orrick Hires New Global Capital Markets Head From Kirkland

By Daniel Moritz-Rabson

Orrick Herrington & Sutcliffe LLP has hired a new global head of capital markets from Kirkland & Ellis LLP and is bringing on another capital markets partner from the firm later this month.

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Bank Charter Denial Offers Road Map For Stablecoin Issuers

The Office of the Comptroller of the Currency's recent denial of Wise's bank charter application signals that stablecoin issuers should expect rigorous scrutiny of anti-money laundering controls, governance, management expertise and affiliate compliance history when applying for federal approval, say attorneys at Katten.

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Are your summer associates prepared for a legal career?

How does your firm shape the summer associate experience and mentor new talent? Invite your summer associates to share their perspectives in this year’s Law360 Pulse Summer Associates Survey.

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Analysis

Can Texas, Nevada Replicate Delaware's Corporate Edge?

By Jarek Rutz

Texas and Nevada have spent the past few years rewriting corporate laws and building specialized business courts in an effort to challenge Delaware's long-standing dominance as the preferred home for U.S. companies. While a handful of high-profile corporations have already made the move, corporate law experts say creating another Delaware will require far more than new statutes and judges.

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Immigration Judge Says Anti-DEI Bias Led To Her Ousting

By Elaine Briseño

A Black immigration judge has sued the U.S. Department of Justice for discrimination, alleging her firing was related to anti-DEI sentiments at the agency that overwhelmingly targeted older, nonwhite women.

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White House, BigLaw Atty Picked For Tenn. Federal Bench

By Jack Karp

President Donald Trump announced Friday that he is nominating a White House attorney and former BigLaw associate to serve as a Tennessee federal judge.

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Holland & Knight Loses Bid To Escape GWG Fraud Suit

By Emily Sawicki

Holland & Knight LLP must face adversary claims in Houston bankruptcy court after a Texas federal judge found the trustee for bankrupt life insurance bond seller GWG Holdings Inc. had made a plausible case that the firm and one of its attorneys engaged in a racketeering conspiracy with its ex-chairman.

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Law Student's Race Bias Claim Survives In Kirk Discipline Suit

By Matt Perez

A Texas federal judge on Friday allowed a former Texas Tech law student to proceed with her claim that the university board was discriminatory in disciplining her over comments she made allegedly celebrating the death of Charlie Kirk because non-Black students who spoke about the assassination weren't investigated.

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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 newly signed Real Madrid footballer Yan Diomandé sued over access to his image rights, Nigel Farage and Reform UK deputy leader Richard Tice accuse the NCA of leaking confidential financial information, and a right-wing American journalist hit The Guardian with a libel claim. 

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Boeing has won dismissal of a Delaware suit brought by pension funds accusing its board of putting profits before safety. And in-house counsel helped pick Latham & Watkins as the leader on an annual list of client service all-stars.

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Law360's Legal Lions Of The Week

By Kevin Penton

Baker Botts LLP and King & Spalding LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit enforced an over $2 billion arbitral award issued to a satellite communications company, ruling that the legal concept of an optimal venue for a case doesn't apply in matters concerning the enforcement of international arbitral awards.

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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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