CFTC Chair Previews Perpetual Futures, Event Contract Rules

By Aislinn Keely

U.S. Commodity Futures Trading Commission Chairman Michael Selig said Tuesday that his agency is pressing forward with plans to clear the way for cryptocurrency-favored derivative perpetual futures in a matter of weeks and circulate a proposal addressing prediction markets "in the very near future."

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OCC Clears Faster Merger, Licensing Path For Smaller Banks

By Jon Hill

The Office of the Comptroller of the Currency on Tuesday expanded fast-track merger review and licensing pathways for banks under $30 billion in assets, its latest move to advance the Trump administration's deregulatory push for so-called community banks.

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Kalshi Scrambles To Keep Betting Brawl In Federal Court

By Alex Lawson

Kalshi made its latest push to keep the fracas over the legality of its sports offerings in federal court Tuesday, mere hours after the prediction market was ordered to litigate the dispute in state court.

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SoftBank-Backed PayPay Launches Plans For $1B IPO

By Sydney Price

Japanese mobile payment app PayPay, a subsidiary of SoftBank Group Corp., said it anticipates a $1 billion initial public offering, represented by Simpson Thacher & Bartlett LLP and underwriters counsel Davis Polk & Wardwell LLP.

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7th Circ. Expedites Bank Appeal Of Ill. Swipe-Fee Law

By Joyce Hanson

The Seventh Circuit granted banking and credit union trade groups' bid to fast-track their appeal over the Illinois Interchange Fee Prohibition Act after they asked to schedule the case for a decision before the law banning swipe fees on tax and tip payments takes effect July 1.

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Ex-SEC Attys Back Disgorgement Limits Before High Court

By Jessica Corso

Nearly two dozen former U.S. Securities and Exchange Commission attorneys are among those urging the U.S. Supreme Court to put an end to the agency collecting disgorgement from those accused of wrongdoing without first identifying victims of the alleged fraud at hand. 

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Judge Appoints Receiver For Crypto Co. Over $328M Scheme

By Carolina Bolado

A Florida judge appointed a receiver Tuesday in a lawsuit against cryptocurrency company Goliath Ventures Inc. after expressing concerns about the company's assets following the arrest last week of its CEO on charges that he was operating a $328 million Ponzi scheme at Goliath.

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Payroll Co.'s Poaching Suit Can Proceed, Ga. Judge Says

By Chart Riggall

Enterprise software firm invenioLSI must face a suit from a rival company alleging it conspired to engineer a "mass defection" of workers in 2024, after a Georgia federal judge ruled that it "did not have a legal right" to aid in a plan that led to several high-level managers' defections.

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Aligning Microsoft Tools With NYC Bar AI Recording Guidance

The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

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DOJ Nixes Plan To Drop Law Firm EO Appeals In About-Face

By Emma Cueto

A day after informing the D.C. Circuit that it would no longer seek to defend the executive orders issued by President Donald Trump against four law firms, the U.S. Department of Justice reversed course Tuesday, requesting permission to withdraw its motion to voluntarily dismiss the appeals.

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Goldman's Departing CLO, Gates Asked To Testify On Epstein

By Lauren Berg

The House Oversight Committee on Tuesday asked outgoing Goldman Sachs Chief Legal Officer Kathryn Ruemmler, Microsoft founder Bill Gates, Apollo Global Management co-founder Leon Black and others to testify about their connections to child sex offender Jeffrey Epstein.

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Early Publicity Could Poison DOJ's Criminal Cases, Attys Say

By Phillip Bantz

The U.S. Department of Justice under President Donald Trump has shrugged off long-standing prosecutorial policies against publicizing criminal probes in their early stages and disparaging the targets, an "unusual" and "troubling" development that threatens the integrity of investigations, grand jury proceedings and the right to a fair trial, experts tell Law360.

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Skadden Hit With Sanctions Over 'Vexatious' Gaming Suit

By Ivan Moreno

A Manhattan federal judge has sanctioned Papaya Gaming and its attorneys from Skadden for what the court said was a "blatant" attempt to relitigate claims in Virginia that had already been dismissed in a false advertising dispute in New York with Skillz Platform, one of its competitors.

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NY Judicial Watchdog Says Complaints Break Record Again

By Andrea Keckley

New York's judicial watchdog has reported a record number of new complaints filed against judges for the fourth year in a row in 2025.

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Day Pitney Faces DQ Bid Over Ex-Justice's Role In $1.3M Case

By Aaron Keller

Day Pitney LLP should be sidelined from a $1.3 million private equity management company's windup lawsuit because former Connecticut Supreme Court Chief Justice Richard A. Robinson, now a partner at the firm, heard the case before it was earmarked for a new trial, three company owners have argued.

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New Whistleblower Program Adds 'Bit More Stick,' DOJ Says

By Bryan Koenig

The U.S. Department of Justice Antitrust Division's new whistleblower rewards program partnership with the U.S. Postal Service doesn't displace the leniency program by which companies disclose potential price-fixing and other antitrust violations, a DOJ official said Tuesday in Washington, D.C., but it is an important complement.

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DOJ Turns To 2nd Circ. In Bid To Revive James Subpoenas

By Emily Sawicki

The U.S. Department of Justice is urging the Second Circuit to revive an investigation into New York Attorney General Letitia James launched by a federal prosecutor later found to have been serving unlawfully, arguing the acting U.S. attorney for the Northern District of New York had been rightfully appointed when he launched the probe.

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Monthly Merger Review Snapshot

By Matthew Perlman

The U.S. Department of Justice got its antitrust case against Live Nation and Ticketmaster teed up for trial, as a court continues mulling the department's settlement last year in a case challenging a deal by Hewlett Packard Enterprise, and lawmakers call for scrutiny of Paramount Skydance's blockbuster acquisition of Warner Bros. Discovery.

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Meta Atty's Slip Reveals Social Media Trial Plaintiff's Identity

By Craig Clough

An attorney for Meta Platforms on Tuesday revealed the highly guarded full name of the plaintiff in a landmark bellwether trial accusing its Instagram platform and Google's YouTube of harming children's mental health, prompting the Los Angeles judge overseeing the case to strike it from the record and order everyone in the courtroom not to reveal it.

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