9th Circ. Rules Against Kalshi In Sports Wager Circuit Split

By Aislinn Keely

The Ninth Circuit on Friday backed a Nevada federal court decision that cleared the way for the state's gambling regulators to pursue Kalshi's sports offerings, creating a circuit split in the sprawling litigation over prediction market regulation.

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Fintechs Back 24/7 Futures Trading As Energy Producers Balk

By Aislinn Keely

Commodity and energy producers cautioned the U.S. Commodity Futures Trading Commission against enabling round-the-clock trading and perpetual contracts on the energy industry, while many trading platforms told the agency that they believe they can mitigate the risks that come with extended trading hours.

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OCC Sends Final Stablecoin Rules For White House Sign-Off

By Sarah Jarvis

The Office of the Comptroller of the Currency has sent its final rule establishing standards for stablecoin issuers under its supervision to the White House in the latest step toward implementing last year's landmark stablecoin law known as the Genius Act, following comments from Comptroller Jonathan Gould that the agency plans to issue the oversight rule by November.

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Ex-Better CEO Sues Over Ouster, Shareholder Rights

By Sydney Price

The recently ousted CEO of mortgage and real estate company Better.com has sued the company and several directors in Delaware's Chancery Court seeking to invalidate a shareholder plan he claims interferes with stockholder voting rights.

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CFTC Can't Withhold Records In Chicago Exchange's Perps Suit

By Katryna Perera

A D.C. federal judge has ruled that the Commodity Futures Trading Commission cannot avoid handing over administrative records discussing approval of Kalshi's bitcoin perpetuals contract to the court, in a suit brought by a CME Group subsidiary challenging the agency's approval.

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Consumer Groups Back Ore. In Fight Over Rate Opt-Out Law

By Jon Hill

Consumer advocacy groups have rallied to Oregon's defense in litigation over its new law aimed at capping interest rates on loans from out-of-state banks, arguing the state's financial industry challengers don't have history or federal law on their side.

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Concora Credit Flouted FCRA When Hiring, Applicant Says

By Sydney Price

Oregon-based financial services company Concora Credit violated the Fair Credit Reporting Act by not providing its prospective and current employees with consumer reports it obtained for background checks, according to a proposed class action filed in Washington federal court.

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Banks Face Lighter CRA Burdens Under Regulators' Proposal

Banking regulators' recently proposed rule to redo the framework under the Community Reinvestment Act would materially change which banks are subject to its most demanding requirements and how regulators evaluate lending, services, community development activities and strategic plans, says James Williams at Venable.

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McDermott Closing Health Policy Shop In DC

By Alison Knezevich

McDermott Will & Schulte is closing its healthcare lobbying and consulting shop after a dozen years in business.

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Feature

Rachael Rollins Pitches Scandal As Asset In Comeback Bid

By Taylor Bowie

Rachael Rollins rode a progressive wave to become Suffolk County's district attorney in 2019. After a scandal derailed her stint as Massachusetts U.S. attorney, she's trying to win her old DA post back, and leaning into her alleged ethical missteps as a resume boost.

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Calif. County Judges Recuse From Bias Suit Against DA's Office

By Patrick Hoff

The entire bench of a county court recused itself from a lawsuit alleging the San Francisco District Attorney's Office didn't take appropriate action when a Black employee reported a colleague's use of a racial slur, pushing the trial in the decade-old case to early October.

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'Exemplary Performance' Earns Google Users' Attys $146.8M

By Bonnie Eslinger

A California federal judge Friday awarded plaintiffs' attorneys $146.8 million in fees after they secured a $425 million jury verdict against Google LLC in a privacy class action covering about 98 million people, calling the one-third fee award "extraordinary" but justified given their "exemplary performance."

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House Eyes Vote To Lock Supreme Court At 9 Justices

By Courtney Bublé

The House returns from recess on Monday, and its agenda could include a vote to keep the number of U.S. Supreme Court justices at nine.

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Trump Denied New Bid To Federalize Hush Money Prosecution

By Pete Brush

A New York federal judge on Friday again denied President Donald Trump's bid to move his criminal hush money conviction out of state court, finding as he did earlier that a federal law defense that Trump was operating in his official capacity would be meritless.

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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 shoe brand Crocs bring an appeal against the chief executive of the U.K.'s Intellectual Property Office, singer Alanis Morissette sued by the former head of operations at Live Nation Israel and the son of convicted fraudster Guo Wengui file an appeal against the Chapter 11 trustee controlling his father's bankruptcy estate. 

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

KKR will pay a $250 million civil penalty to end allegations that it hid key documentation and entire transactions for merger notification. In the meantime, Apple told an Illinois federal judge that a recent Seventh Circuit decision affirming Samsung's win in a biometric privacy suit means the tech giant should prevail over similar claims. These are among 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

WilmerHale leads this week's edition of Law360 Legal Lions, after a California federal judge held that the U.S. Department of Defense's designation of Anthropic PBC as a supply chain risk to national security was retaliation for the company's public criticism of the Trump administration.

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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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