'I Won't Be A Silent Jury,' Judge Says As SVB Trial Wraps

By Bonnie Eslinger

The California federal judge overseeing the bench trial on the Federal Deposit Insurance Corporation's claim that Silicon Valley Bank's officers mismanaged its assets before the bank's 2023 collapse told the two sides on Wednesday to be prepared for interruptions to their closing arguments, saying "I won't be a silent jury."

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'Bind Our Agency': Vought Urges House To Curb CFPB Powers

By Jon Hill

The Consumer Financial Protection Bureau's acting Director Russell Vought told a U.S. House of Representatives panel Wednesday that the agency shouldn't "exist in its current form," urging lawmakers to further rein in its funding and authority as he prepares to exit as interim chief.

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Fintech's New Brass Drained Company With Fees, Suit Says

By Katryna Perera

A financial technology and security firm led in part by the former CEO of Honeywell International faces an investor suit alleging he and others took control of the business and turned it into a "highly leveraged conglomerate" from which they profited by "extracting exorbitant management fees" at shareholders' expense.

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Analysis

Circuit-By-Circuit Guide To The US Supreme Court's Term

By Jeff Overley

Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.

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Miami Man Gets Prison For Running Zelle Scam 'Money Mules'

By Brian Steele

A Florida man who admitted to playing a role in scams that stole nearly $660,000 from victims including Zelle users has been sentenced to 32 months in prison.

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PayPal Stock Jumps After Reported $53B Stripe, Advent Bid

By Al Barbarino

PayPal Holdings Inc. shares were up more than 16% on Wednesday afternoon following reports that payments company Stripe and private equity firm Advent International have made a roughly $53 billion offer to acquire the company.

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What Ga. Stablecoin Licensing Law Means For Payments Cos.

Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

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How Does Your Compensation Stack Up? Take Our Survey

Is your compensation keeping pace with the rate of inflation? Do you know what your colleagues made last year? Help Law360 Pulse answer these questions and more in this year's Law Firm Compensation Survey.

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McDermott Atty Denies Pressuring Friend To Alter Testimony

By Rose Krebs

A McDermott Will & Schulte LLP attorney has told a Delaware vice chancellor that he is in "complete shock" and "hurt" by a longtime friend's contention that he pressured him to change his testimony in a Chancery Court case, saying the accusation "is false and without any merit."

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Richards Layton Apologizes For AI Errors In Chancery Case

By Rose Krebs

Richards Layton & Finger PA and one of its attorneys have apologized to the Delaware Chancery Court for submitting a filing with errors generated by artificial intelligence, asking that sanctions not be imposed.

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Feature

In Uber Assault Trial, A Courtroom Tests Truth Face-To-Face

By Hayley Fowler

This is the first in a two-part series about the Virginia Revival Model courtroom in the Charles R. Jonas federal courthouse in Charlotte, North Carolina. Here, judges and attorneys recall how a sexual assault trial against Uber unfolded in a space designed to place focus on the witnesses.

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Colo. Firm Hit With $193K Malpractice Suit Over Fee Bid

By Benjamin Morse

A Colorado law firm and one of its attorneys caused two former clients to lose more than $193,000 in legal fees by failing to submit billing records supporting a fee request after winning an underlying case, according to a malpractice suit filed in state court.

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Baker Donelson Taps 4-Year Shareholder For DC Manager

By Jack Rodgers

Baker Donelson Bearman Caldwell & Berkowitz PC has named a four-year attorney as the managing shareholder of its Washington, D.C., office, who joined the firm in 2022 only a few years removed from a career as a U.S. Department of Justice fraud prosecutor.

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Arnall Golden Brings On Arnold & Porter Litigator In DC

By Emily Johnson

Arnall Golden Gregory LLP has added an Arnold & Porter Kaye Scholer LLP partner in the firm's Washington, D.C., office and named him chair of the firm's Foreign Agents Registration Act compliance practice.

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Private Equity Firm Behind MSO Deals Closes $670M Fund

By Emma Cueto

Private equity firm Uplift Investors, which has taken aim at the legal industry through deals between its managed services organization and personal injury law firms, on Thursday announced the close of its debut fund with $670 million in capital commitments.

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Simpson Thacher 'Never' Explained Ill-Fated Deal, Exec Says

By Cara Salvatore

A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.

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Blue-Slip-Backed Trump Judge Selections Advance

By Courtney Bublé

The first two judicial nominations of the second Trump administration to receive supportive blue slips from Democratic senators advanced to the Senate floor Thursday.

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Feature

As Law Firms Race To Adopt AI, Cost Concerns Grow

By Phillip Bantz

Pressure is mounting on law firm leaders to dive into the AI waters or watch competitors swim away, but figuring out responsible, cost-effective methods to use high-priced legal tech remains tricky, experts say.

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Goulston Docked Ex-Partners' Pay For Joining Rival, Suit Says

By Julie Manganis

Two Goulston & Storrs PC directors who jumped to Troutman Pepper Locke LLP were stiffed out of hundreds of thousands of dollars in compensation in retaliation for leaving, according to a suit filed Thursday in New York federal court.

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Tillis Might Back Blanche, As AG Pick Met Epstein Survivors

By Courtney Bublé

Acting U.S. Attorney General Todd Blanche on Thursday afternoon met with a group of survivors of sex offender Jeffrey Epstein after retiring Sen. Thom Tillis, R-N.C., said his condition for supporting Blanche's appointment to the permanent position was for the nominee to speak to them face-to-face.

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