FDIC Urged To Align Stablecoin Rules With Other Regulators

By Aislinn Keely

Banks and fintechs alike urged the Federal Deposit Insurance Corp. to iron out differences between its proposed standards for stablecoin issuers and those floated by the Office of the Comptroller of the Currency, though the industries continued to battle over crypto firms' ability to offer interest to stablecoin holders.

Read full article » | Save to favorites »

Paxton's ActBlue Suit Blocked As Retaliatory By Mass. Judge

By Carolyn Muyskens

A Massachusetts federal judge on Thursday blocked Texas Attorney General Ken Paxton's fraud lawsuit against Democratic fundraising platform ActBlue, citing evidence that Paxton targeted the organization because of its role supporting his political opponent in a U.S. Senate race. 

Opinion attached | Read full article » | Save to favorites »

Bank, Crypto Groups Seek Limits In Stablecoin AML Regs

By Sarah Jarvis

Industry groups and firms in the financial and crypto sectors have called for further clarification, flexibility and safe harbors in rules recently proposed by regulators with the U.S. Department of the Treasury for implementing the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.

6 documents attached | Read full article » | Save to favorites »

Sports Prediction Co. Wins CFTC OK To Launch Event Market

By Katryna Perera

Sports prediction company ProphetX on Thursday received approval from the U.S. Commodity Futures Trading Commission to register as a federally regulated prediction market exchange focused on sports-based event contracts, becoming the first American sports-native, direct-clearing prediction market to launch and operate in full compliance with federal law.

Read full article » | Save to favorites »

SEC Proposes Rescinding Trade-Through Rule

By Sarah Jarvis

The U.S. Securities and Exchange Commission on Thursday proposed rescinding its rule preventing exchanges from executing trades at lower prices than the best displayed price available on other exchanges, with SEC Chairman Paul Atkins calling the measure "a grave misstep."

Read full article » | Save to favorites »

CFTC Eyes Faster 30% Whistleblower Awards In Small Cases

By Katryna Perera

The U.S. Commodity Futures Trading Commission is looking to amend its whistleblower rules to align with those of the U.S. Securities and Exchange Commission and to establish an immediate minimum 30% payout for whistleblower awards of $5 million or less.

Proposed Rule attached | Read full article » | Save to favorites »

Another GOP Nominee For SEC Could Violate Law, Dems Say

By Sydney Price

Senate Banking Committee Democrats are warning the White House not to put another Republican on the U.S. Securities and Exchange Commission without also naming a Democrat, saying it would violate a federal mandate for partisan balance.

Letter attached | Read full article » | Save to favorites »

Robinhood Accused Of Tricking Users Into Illegal Betting

By Katryna Perera

Robinhood purportedly tricks consumers into illegally gambling by disguising its event contracts as a "modern, sophisticated form of investing" when, in reality, the contracts are just plain old-fashioned sports betting that is unregulated and in violation of state gambling laws, a new lawsuit alleges in California federal court.

Complaint attached | Read full article » | Save to favorites »

Investment Cos. Push To Nix Consumers' Tribal RICO Suit

By Joyce Hanson

A couple of investment firms are asking a North Carolina federal court to toss a proposed consumer class action over a so-called tribal lending scheme that charges annual interest rates as high as 490%, saying the borrowers fail to show they helped manage the short-term loan company.

2 documents attached | Read full article » | Save to favorites »

Skadden, Simpson Thacher Steer Digital Bank's $142M IPO

By Hailey Konnath

Skadden Arps Slate Meagher & Flom LLP and Simpson Thacher & Bartlett LLP guided financial services company Forbright Inc. in raising $142 million in its initial public offering on Thursday, which closed at $18 per share.

Read full article » | Save to favorites »

How FCA, FCPA Risks Are Shifting As Feds Pull Back

As the federal government continues its retreat from white collar enforcement, companies should expect False Claims Act risk to grow through private whistleblower suits and Foreign Corrupt Practices Act scrutiny to shift toward foreign prosecutors, requiring more adaptability as accountability becomes less centralized, says Temidayo Aganga-Williams at Selendy Gay.

Read full article » | Save to favorites »

Series

Cow Horse Makes Me A Better Lawyer

Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

Read full article » | Save to favorites »

The 2026 Law360 400

By Daniela Porat

Law360 is pleased to announce its list of the 400 largest U.S. firms by headcount.

Read full article » | Save to favorites »

Kellogg Hansen Bests Susman Godfrey's Associate Pay Hikes

By Andrea Keckley

More litigation boutiques are joining the growing number of firms raising their base salaries for associates, with Kellogg Hansen Todd Figel & Frederick PLLC exceeding the scale Susman Godfrey LLP set earlier this week.

Read full article » | Save to favorites »

SDNY US Atty Jay Clayton Picked For DNI After Pulte Pushback

By Courtney Bublé

President Donald Trump announced on Thursday he's nominating Jay Clayton, U.S. attorney for the Southern District of New York, to be director of national intelligence.

Read full article » | Save to favorites »

Widow Sues Podhurst Orseck Over $4M 737 Max Settlement

By Mike Curley

An Indonesian widow is suing Podhurst Orseck PA and one of its attorneys in Illinois federal court, alleging they failed to keep her informed or get her all the money she was entitled to in a $4 million settlement with Boeing over the fatal crash of Lion Air Flight 610.

Complaint attached | Read full article » | Save to favorites »

Miss America CEO Wants Ex-Atty Barred From Court

By Emily Lever

The CEO of Miss America and companies linked to the pageant asked a Florida federal court on Thursday to bar their former counsel Carlton Fields from a status conference in their litigation over Miss America's bankruptcy, arguing the firm is not a party and is no longer counsel of record.

Motion attached | Read full article » | Save to favorites »

Immigration Firm Says Attys Fraudulently Poached Clients

By Britain Eakin

A law firm recently accused of running a volume-driven immigration filing mill claimed in a new lawsuit in Ohio federal court that three attorneys and a TikTok personality orchestrated a social media campaign falsely accusing it of visa fraud as a way to poach its clients.

Complaint attached | Read full article » | Save to favorites »

Ex-Trump Atty Chesebro Gets Fla. Law License Back

By Madison Arnold

The Florida Supreme Court has reinstated the law license of former Trump campaign attorney Kenneth Chesebro after his conviction in Georgia's election interference racketeering case was eventually cleared by a court order invalidating the charge.

Opinion attached | Read full article » | Save to favorites »

Mass. Attys Ding Watchdog's 'Myopic' Public Defense Report

By Julie Manganis

The leader of a group of Massachusetts attorneys who stopped taking court-appointed cases last year over what they say are inadequate hourly rates on Thursday slammed a state inspector general's highly critical report on the state's indigent defense system as "myopic."

Report attached | Read full article » | Save to favorites »