CFPB Seeks Green Light To Shed Half Of Staff In New Plan

By Jon Hill

The Consumer Financial Protection Bureau has asked the D.C. Circuit to let it proceed with a new plan to lay off roughly half of its remaining staff, arguing this latest downsizing proposal moots concerns that led to a lower-court injunction freezing efforts to slash its workforce.

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Ex-FTX Chief Engineer Resolves CFTC Fraud Suit For $3.7M

By Rick Archer

The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.

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SEC Walks Away From Five Crypto Wash Trading Cases

By Jessica Corso

The U.S. Securities and Exchange Commission has voluntarily dismissed cases against five defendants accused of manipulating the cryptocurrency markets through wash trading, telling a Massachusetts federal court it will not pursue monetary remedies against one convicted fraudster who had already consented to an agency settlement.

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Ex-CFO Can't Offset $35M Restitution With Crypto, Feds Say

By Ben Adlin

Federal prosecutors took issue Wednesday with a convicted former software executive's push to reduce the amount of money he needs to pay back in his $35 million fraud case, telling a Seattle federal court that Nevin Shetty shouldn't be able to offset his restitution obligation with cryptocurrency tokens.

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Robinhood Sues Wash. To Protect Prediction Market Biz

By Rachel Riley

Robinhood has launched a federal lawsuit seeking to shield itself from potential Washington state enforcement action over its prediction market offerings in the wake of Attorney General Nick Brown's Friday announcement that he's going after Kalshi for allegedly breaking Evergreen State gambling laws.

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Analysis

Wheeling & Appealing: April's Most Notable Oral Arguments

By Jeff Overley

April is the coolest month, at least for appellate aficionados, featuring numerous important arguments with famous litigants, including U.S. senators, delivery apps Grubhub and Uber Eats, impresario Sean "Diddy" Combs, prediction platforms Kalshi and Robinhood, and a political giant known as the Velvet Hammer.

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FDIC Reports Fewest Consumer Compliance Citations In Years

By Sarah Jarvis

Federal Deposit Insurance Corp. examiners last year cited banks for the fewest number of federal consumer protection violations since at least 2018, while the agency initiated half as many consumer protection-related enforcement actions as it did the year prior.

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Evita Boss Admits To Russia-Linked Crypto Laundering Ruse

By Stewart Bishop

The founder of crypto payments firm Evita on Wednesday admitted to what prosecutors say was a scheme to launder over half a billion dollars in cross-border transactions through the U.S. financial system, including funds held by sanctioned Russian banks.

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Series

Pa. Banking Brief: All The Notable Legal Updates In Q1

The first quarter of 2026 brought several consequential developments for Pennsylvania financial institutions, including the state banking department's first assessment overhaul in 10 years, a bill prohibiting interchange fees on card transaction sales taxes and a federal appeals court's upholding of a $52 million enforcement action, say attorneys at Gross McGinley.

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ABA Suit Over Trump's Crackdown On Firms Moves Forward

By Emily Sawicki

A D.C. federal judge has ruled the American Bar Association may pursue a challenge to the Trump administration's series of executive orders targeting law firms, finding the organization plausibly alleged the orders posed a "realistic threat" to its members.

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Khalil Seeks Bove's 3rd Circ. Recusal Over Ex-DOJ Roles

By Lauren Berg

Mahmoud Khalil, a lawful permanent resident targeted for deportation, asked a Third Circuit judge, U.S. Circuit Judge Emil Bove, to recuse himself from en banc review of a decision allowing for Khalil's detention, saying Wednesday the judge was likely involved in decisions related to the case while at the U.S. Department of Justice.

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Arbitration Association Must Face Suit Over Consumer Monopoly

By Caroline Simson

An Arizona federal judge ruled Tuesday that the American Arbitration Association must face a proposed class action accusing it of monopolizing the consumer arbitration services market, saying the suit provided sufficient allegations to "plausibly infer" that the institution engages in anticompetitive conduct.

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Sidley Beats Malpractice Suit Over Ex-Atty's Tax Scheme

By Chart Riggall

Sidley Austin LLP defeated a suit from a family of business magnates who said they were duped into a tax sheltering scheme by an ex-attorney, after a Georgia federal judge ruled the family should have suspected they were in legal trouble long before they filed their suit.

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Why Trump's Pursuit Of NY AG Is More Than Just 'Awkward'

By Phillip Bantz

Through its relentless pursuit of criminal charges against New York Attorney General Letitia James, the Trump administration has further opened itself up to allegations of vindictive and selective prosecution — with potentially far-reaching implications for a grand jury system that has traditionally given the government the benefit of the doubt, experts say.

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Judiciary Seeks More Security Funding Amid Threat Surge

By Courtney Bublé

Court security is a top concern for the federal judiciary in its recently released budget request for fiscal 2027.

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Trump Announces Texas, Ohio, Florida Judicial Picks

By Courtney Bublé

President Donald Trump on Wednesday announced four judicial nominees for Texas, Ohio and Florida. 

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Roundup

The Top In-House Hires Of March

By Michele Gorman

Legal department hires during the third month of 2026 included high-profile appointments at the NAACP, Walmart and Marriott Vacations. Here, Law360 Pulse looks at some of the top in-house announcements from March.

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Hub Hires: Reed Smith, Manatt, MoFo, Foley Hoag

By Chris Villani

March provided some madness in the Boston legal scene. Reed Smith launched its first-ever office in the Hub, Manatt hired a former Microsoft executive and Federal Trade Commission member, and Foley Hoag snagged a longtime K&L Gates insurance attorney.

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Monthly Merger Review Snapshot

By Bryan Koenig

The Justice Department allowed Live Nation to keep Ticketmaster while state attorneys general continue to sue, a $14 billion Boston Scientific deal drew Federal Trade Commission scrutiny, state enforcers challenged Nexstar's purchase of Tegna, and a threatened FTC challenge forced the abandonment of a laser eye surgery deal.

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