FTX Trust Says SkyBridge Can't Collect $53M In Ch. 11 Claims

By Rick Archer

FTX's liquidating trust is asking a Delaware bankruptcy judge to reject $53 million in claims from firms affiliated with a former Trump administration official, saying the companies came out ahead of deals at issue in the case.

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Crypto Co. Investor's 'Puzzle Pleading' Dooms Revenue Suit

By Katryna Perera

A Georgia federal judge has dismissed with prejudice a proposed class action alleging cryptocurrency technology company Bakkt Holdings Inc. and its executives misrepresented the stability of the company's crypto services revenue after it acquired a crypto platform, finding the complaint contains "puzzle pleading."

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Ex-Girlfriend Of $36M Crypto Schemer Gets 18 Months

By Craig Clough

A California federal judge sentenced an Orange County woman to 18 months in prison and ordered her to pay more than $1.48 million in restitution for failing to report more than $2.6 million in taxable income she received through accounts funded by her then-boyfriend's criminal activities related to a $36 million hacking scheme.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week dismissed a challenge to Alteryx Inc.'s $4.4 billion take-private sale, resolved a fight over the removal of a security technology company's director and declined to let Empery Digital Inc. immediately appeal a proxy contest ruling.

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TelexFree Investors' 2nd Bid For Cert. Called Futile

By Nadia Dreid

A Massachusetts federal judge has once again rebuffed an attempt to certify a class of investors who say they lost money in the massive TelexFree Ponzi scheme, calling their second bite at the apple futile.

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Crypto Firm, Ga. Investor Reach Deal To End Fraud Suit

By David Aaro

An investor has agreed to end her lawsuit accusing a Texas-based crypto investment company of letting her funds get caught up in a fraudulent scheme to funnel money to foreign countries, according to a filing in Georgia federal court.

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Brief

Cigna Wins $1.8M In Fees After Payment Patent Fight

By Adam Lidgett

A Texas federal magistrate judge has awarded Cigna Corp. nearly $1.8 million in legal fees in a case where it was cleared of infringing a card payment patent, just days after he said a shopping mall owner and gift card company were also entitled to fees in the legal battle.

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4 Firms Steer $1.6B Priority Technology Take-Private

By Jade Martinez-Pogue

Payments and banking solutions provider Priority Technology Holdings Inc., advised by Nixon Peabody LLP, on Monday announced plans to become a private company after being bought for $1.6 billion by a McDermott Will & Schulte LLP-led investor group helmed by the company's chair and CEO.

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For Faster FDIC Review, Banks Must Front-Load Prep

Banks seeking to benefit from the efficiency promised by the Federal Deposit Insurance Corp.’s new two-phase review of deposit insurance applications must prioritize filing comprehensive submissions or risk the fate of applicants recently rejected by the Comptroller of the Currency, say attorneys at Skadden.

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Legal Deserts: Millions Across America Struggle To Access Lawyers

Tens of millions of Americans live in towns and counties across the nation with limited or no access to legal services. By one estimate, at least a third of the nation's counties qualify as a "legal desert," having only one or no attorney per 1,000 residents. Roughly 24 million Americans reside in these counties.

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Greenberg Traurig Hit With Action Over Client Data Breach

By Matt Perez

A proposed class of Greenberg Traurig LLP clients said the New York law firm failed to secure their personal data prior to a preventable data breach and delayed notifying clients of the breach for two weeks, in an action filed over the weekend in New York federal court seeking injunctive and other equitable relief to protect client data.

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Tesla Atty Misled Witness Days Before Bias Trial, Judge Hears

By Dorothy Atkins

The California Civil Rights Department asked a California judge for a protective order Monday on the first day of a bench trial over claims Tesla Inc. fostered racism at its Fremont factory, after a witness testified that an in-house Tesla attorney recently called him and misled him into believing he represented the agency.

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New Calif. Law Bars Legal Funders From Influencing Litigation

By Jack Karp

Corporate investors and litigation funders will be barred from influencing litigation strategy in California under a new bill signed by Gov. Gavin Newsom.

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Q&A

She Has A Point: Fenwick's Jessica Kaempf

By Theresa Schliep

Jessica Kaempf of Fenwick & West LLP is a pragmatic yet tenacious attorney whose representation of her clients has earned her plaudits from Kathi Vidal of Winston Taylor, who praised Kaempf as part of a Law360 series celebrating women litigators.

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$1.35M Class Deal Reached Over Botched Calif. Bar Exam

By Emily Johnson

Takers of the February 2025 California bar exam that was marred by technical failures have agreed to settle their proposed class action against the proctor for $1.35 million, while the company also agreed to complete quality checks before proctoring future bar examinations, according to a motion seeking preliminary approval in federal court.

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Ex-Prosecutor Escapes Jan. 6 Atty's Defamation Suit

By Jared Foretek

Former federal prosecutor Andrew Weissmann on Monday won judgment on the pleadings in a defamation case brought by attorney Stefan Passantino, who had represented Cassidy Hutchinson, after Passantino alleged Weissmann had defamed him when saying he'd "coached" Hutchinson "to lie" to the January 6th Select Committee.

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