Fenwick Reaches $54M Deal To Exit FTX Litigation

By Aislinn Keely

Fenwick & West LLP will pay $54 million to resolve claims from spurned FTX Trading Ltd. investors, according to a new set of settlements that will also end investors' disputes with the collapsed cryptocurrency exchange's former auditor and a former NBA star who promoted the platform.

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Quinn Emanuel Sues To Collect $1.5M From Binance's Zhao

By Caroline Simson

Quinn Emanuel has filed suit in Washington, D.C., against former Binance CEO Changpeng Zhao, who was pardoned by President Donald Trump last fall, asking the court to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

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Conn. Tribes Seek Role In CFTC Betting Preemption Fight

By Aislinn Keely

The Mohegan Tribe of Indians of Connecticut and the Mashantucket Pequot Tribal Nation on Tuesday moved to intervene in the Commodity Futures Trading Commission's suit over Connecticut regulators' attempts to shut down certain prediction markets.

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BofA Borrowers Urge High Court To Revisit NY Escrow Suit

By Jon Hill

New York borrowers have urged the U.S. Supreme Court to again revive their claims for millions in mortgage escrow interest from Bank of America, arguing the Second Circuit's recent decision to free the bank for a second time still gets federal banking preemption wrong.

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MoneyLion Seeks To Shed Wash. Suit Over Referral Texts

By Emilie Ruscoe

Fintech platform MoneyLion is looking to escape proposed class claims that it has violated Washington state laws with its customer referral program, arguing the allegations fail to show that the company helped users send referral messages to nonconsenting third parties.

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Crypto Co. Partner Looks To Escape $58M Fraud, RICO Suit

By Sydney Price

The co-founder of a cryptocurrency data company accused by his former partner of a $58 million scheme to divert tokens offshore said the suit should be dismissed because it "impermissibly conflates" him with other business entities to bring additional contract claims.

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Treasury Proposal Maps Compliance Road For Stablecoins

Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter.

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Adapting To AI-Driven Scrutiny Of Foreign Asset Disclosures

As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons.

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Operational AI Washing: Fortifying The Disclosure Record

The same artificial intelligence-driven workforce narratives that once appeared in earnings calls and Form 8-Ks can easily become raw material for future operational AI washing claims, so companies must be careful when drafting public disclosures because winning a federal motion to dismiss starts months before a lawsuit is ever filed, say attorneys at Akerman.

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Wiley Hit With Proposed Class Action Over Data Breach

By Christine DeRosa

Wiley Rein LLP has been hit with a proposed class action accusing the Washington, D.C., firm of negligence after the firm said a group that may be affiliated with the Chinese government accessed emails of firm personnel.

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Trump Admin Wants Federal Workers To Sign NDAs, Citing Leaks

By Bonnie Eslinger

President Donald Trump's administration ​on Tuesday announced that it wishes to require federal employees with access to sensitive government information to sign a nondisclosure agreement, citing recent leaks related to immigration enforcement operations and the release of personal information belonging to approximately 4,500 Immigration and Customs Enforcement employees.

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SPLC Says DOJ Indictment Is Baseless 'Retributive Campaign'

By Hailey Konnath

The Southern Poverty Law Center on Tuesday asked an Alabama federal court to throw out the Trump administration's indictment claiming it paid extremist group informants to "stoke racial hatred," arguing that it's a "top-down, retributive campaign" that constitutes vindictive prosecution.

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3rd Circ. Disapproves Of Judge's Quips In Fatal Crash Case

By Y. Peter Kang

The Third Circuit on Tuesday scolded a Pennsylvania federal judge for his "inappropriate attempted witticisms" while presiding over a lawsuit in which a parent blamed transportation companies for the deaths of his two children in a highway collision, saying the judge's "ill-conceived attempts at levity" in a fatal injury case could be misinterpreted by the public.

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Justices Order Redo In Immigration Judges' Free Speech Suit

By Katie Buehler

The U.S. Supreme Court on Tuesday reversed a Fourth Circuit order that had revived the immigration judges union's challenge to restrictions on their ability to speak publicly, finding the lower court abused its discretion by relying on arguments not raised by either party, and ordered further proceedings.

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Brief

Justices To Consider Taking Judge Newman Case On June 11

By Emily Sawicki

The U.S. Supreme Court is set to decide whether to take up U.S. Circuit Judge Pauline Newman's petition seeking to overturn her suspension from the Federal Circuit on June 11, according to a notice posted Tuesday.

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Comey Case Delayed Due To 'Gravity' Of Charges, Discovery

By Phillip Bantz

A North Carolina federal judge on Tuesday granted former FBI Director James Comey's unopposed request to postpone his arraignment and trial on charges he threatened President Donald Trump with a social media post of seashells, finding that ongoing discovery and the "gravity of the charges" favor an extension and "outweigh" any interests in having a speedy trial.

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Copyright Suits Against Jan. 6 Attys Won't Be Tossed

By Jared Foretek

Attorneys who represented Jan. 6 defendants will have to face a consultant's claims that they copied her jury-attitude report without permission after a D.C. federal judge rejected their arguments that their conduct fell under fair use and the public's right to access court records.

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Pirro, Blanche Fight DQ Bid In Attempted Assassination Case

By Christine DeRosa

U.S. Attorney Jeanine Pirro and Acting Attorney General Todd Blanche are fighting a bid from the California man accused of an attempted assassination of President Donald Trump at the White House Correspondents' Association dinner to disqualify them from handling the case.

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Beasley Allen Fails To Overturn J&J Talc Disqualification

By Adrian Cruz

A New Jersey federal judge affirmed the Beasley Allen Law Firm's disqualification from multidistrict litigation over Johnson & Johnson's talcum powder on Tuesday, determining that the firm has failed to provide a valid reason to back its attempt at a stay and temporary reinstatement into the matter.

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DHS Pauses ICE Home Entries Under Administrative Warrants

By Courtney Bublé

Homeland Security Secretary Markwayne Mullin told a Democratic senator earlier this month he's paused immigration agents' use of administrative warrants to enter private property, but has not officially revoked the controversial policy issued last year.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week handled a broad mix of cross-border corporate control disputes, merger settlements, startup equity fights, advancement claims and board oversight litigation, while also weighing fallout from high-profile deals involving Microsoft Corp., The Boeing Co. and Nikola Corp.

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Titan Of The Plaintiffs Bar: Cohen Milstein's Brent Johnson

By Matthew Perlman

Brent W. Johnson is helping to pioneer the use of antitrust law to tackle collusion in low-wage labor markets with work that includes representing workers from poultry- and meat-processing plants in a pair of cases that led to more than $600 million in settlements last year.

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