Crypto Co. Founder's Atty Tells Jury Biz Partner Lied, Not Him

By Bonnie Eslinger

A cryptocurrency firm's founder deceived investors by claiming his company's auto-trading platform was up and running, a federal prosecutor told a California federal jury during closing arguments Friday, while the defendant's lawyer said his client was not trying to cheat anyone and called the government's cooperating witness "a stone cold liar."

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Kalshi Wants Wash. Ban Axed After State 'Blessed' Competitor

By Sarah Jarvis

Kalshi has urged a Washington state court to reconsider a recent order blocking the company from offering event contracts to the state's residents in most of its prediction market categories, raising equitable findings concerns and pointing to Washington's recent "blessing" of event contracts offered by one of Kalshi's competitors.

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Wash. AG Pauses OG Case As 9th Circ. Weighs Preemption

By Jonathan Capriel

Washington's attorney general and its gambling commissioners have agreed to hold off on enforcing the state's gambling laws against prediction market platform OG, run by the North American Derivatives Exchange, while the Ninth Circuit decides related appeals that could resolve the underlying legal dispute.

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Prime Core Customer Can't Duck $70M Clawback Suit

By Emily Lever

Cryptocurrency platform Plutus must face a $70 million clawback lawsuit from the litigation trust for Prime Core, the Delaware bankruptcy court has ruled, finding the trust's complaint contained pleadings with sufficient detail that Plutus had received a transfer of crypto worth $63 million and $7 million in cash.

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Rising Star: Skadden's John Zelenbaba

By Aislinn Keely

John Zelenbaba of Skadden Arps Slate Meagher & Flom LLP played a key role in two of the most talked-about crypto transactions of the past year — Gemini Space Station's headline-grabbing $425 million initial public offering and Kraken's landmark $800 million fundraise — earning him a spot among the fintech law practitioners under age 40 honored by Law360 as Rising Stars.

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Banking Industry Pushes For Lighter Load On 'Camels'

By Jon Hill

The banking industry is pressing federal regulators to beef up their plan to rein in confidential supervisory ratings that are used to score the health of banks, urging them to set sharper limits around downgrade decisions and potentially ditch management-specific ratings entirely.

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BSTR Ends $1.5B SPAC Deal Amid Bitcoin Market Woes

By Katryna Perera

Bitcoin treasury company BSTR Holdings has terminated a merger with special purpose acquisition company Cantor Equity Partners I Inc. that would have provided BSTR with up to $1.5 billion in financing in a go-public deal.

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Roundup

Taxation With Representation: Fenwick, Hengeler Mueller

By Zak Kostro

In this week's Taxation With Representation, Santander SA completes its acquisition of U.S. regional lender Webster Financial Corp., financial services company Stripe buys artificial intelligence routing platform OpenRouter and Madison Air Solutions Corp. acquires German airflow technology maker ebm-papst.

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Parsing Gov't Scrutiny Of Lending To Unauthorized Workers

Attorneys at Mayer Brown explain guidance recently issued by three banking regulators that addresses risks associated with lending to so-called non-work authorized individuals and discuss what the regulatory update could mean for fintech companies.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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Analysis

The Race Is On To Confirm Trump's Judges By Year-End

By Courtney Bublé

President Donald Trump nominated 11 judges this past week, meaning 19 nominees are now in the pipeline. But how many can the Senate confirm before the end of the year, given that it will mostly be absent and consumed by the midterm election? 

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Trump Admin Moves Toward Nixing ABA's Accreditor Status

By Emma Cueto

The Department of Education has made a preliminary finding that the American Bar Association is not in compliance with the department's regulations and standards as an accreditor of law schools, a move that comes as the ABA seeks to modify or repeal standards related to diversity, equity and inclusion in an attempt to preserve its accreditor status.

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Law Schools Flooded With Applicants For 3rd Straight Year

By Tracey Read

This year's U.S. law school applicant pool is up nearly 8% over 2025, with significant growth in Asian and Black prospective attorneys, according to new data from the Law School Admission Council.

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Divided 2nd Circ. Backs DQ Of Acting NDNY US Attorney

By Stewart Bishop

The Second Circuit on Friday upheld a lower court's decision that found the acting U.S. attorney for the Northern District of New York, John Sarcone III, was unlawfully serving in his position when he obtained grand jury subpoenas of the New York attorney general's office.

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Fla. Attorney Fined, Referred To Bar For Unapologetic AI Use

By Madison Arnold

A Florida attorney is the latest to be sanctioned for his use of artificial intelligence, after a Florida state appeals court found Friday that his filings contained at least 46 hallucinations.

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Wiley Data Breach Class Action Dropped As 2 Sides Confer

By Emily Sawicki

A Florida resident pursuing negligence and unjust-enrichment claims against Wiley Rein LLP over a data breach voluntarily dismissed his proposed class action on Friday while leaving the door open to refile, one day after the firm told the D.C. federal court that the two sides were "conferring" on next steps.

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Gov't To Take 9th Circ.'s Bar Of Nev. US Atty To High Court

By Madison Arnold

The U.S. government asked the Ninth Circuit to stay its ruling disqualifying Nevada's top prosecutor from assuming that role without Senate confirmation, saying it plans to take the issue to the U.S. Supreme Court.

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Trump Says Pardon Atty Ed Martin Leaving For Midterms

By Courtney Bublé

U.S. pardon attorney Ed Martin will be leaving the administration to work on the midterm elections, President Donald Trump announced on Friday.

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Judge's Job Bid Sinks Conn. Atty's Homicide Conviction

By Brian Steele

Former Cramer & Anderson LLP partner Robert L. Fisher Jr. is entitled to a new manslaughter trial because the presiding judge at his original trial "created an appearance of a lack of impartiality" when he did not disclose to the parties that he had applied for an oversight job with the state prosecutor's office, an appeals court ruled Friday.

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Roundup

Balancing The Scales: Diminished Capacity, Sentencing Rules

By Orlando Lorenzo

The Michigan Supreme Court has overturned 25 years of state precedent by reviving the diminished capacity defense, and the justices in Pennsylvania said the Legislature is out of time to craft new sentencing guidelines for second-degree murder. Here, Law360 highlights access to justice stories arising from litigation, verdicts and judgments you may have missed.

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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 former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys file a contract claim against two of its previous clients in the Middle East.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

A California federal judge told Meta that its in-house attorney was absolutely wrong about what constitutes attorney-client privilege and should take an ethics course. And a bipartisan group of 128 ex-judges have asked the Florida Bar to investigate Homeland Security's general counsel for his attacks on sitting judges. These are some of the stories in corporate legal news you may have missed in the past week.​

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Law360's Legal Lions Of The Week

By Kevin Penton

Eversheds Sutherland, Pillsbury Winthrop Shaw Pittman LLP and McDermott Will & Schulte lead this week's edition of Law360 Legal Lions, after Maryland's tax court held that the state's first-in-the-nation digital advertising tax violates the federal Internet Tax Freedom Act.

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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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