Tether's Stablecoin Is Iran's 'Lifeline,' Senate Report Says

By Jon Hill

A new forensic analysis from U.S. Senate Democrats is fueling fresh scrutiny of the Trump administration's cryptocurrency oversight, finding that Tether's USDT token, the biggest U.S. dollar stablecoin, has become a key tool for Iranian sanctions evasion and terror financing.

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CyberSec Pro Stole $53M In Uranium Finance Heist, Jury Told

By Stewart Bishop

A prosecutor on Monday told a Manhattan federal jury that a Maryland cybersecurity consultant stole around $53 million in crypto by exploiting software bugs on the decentralized exchange Uranium Finance, while defense counsel argued that the government won't be able to show "whose fingers were on the keyboard."

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Calif. Bans Officials From Meme Coin Profits In Trump Callout

By Aislinn Keely

California Gov. Gavin Newsom signed a bill barring the state's officials from issuing or lending their likeness to meme coins, criticizing President Donald Trump's hundreds of millions in profits from meme coin projects.

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Peirce's Exit To Leave SEC With Just 2 Members

By Jessica Corso

U.S. Securities and Exchange Commission member Hester Peirce plans to leave the agency at the end of this week, leaving the five-member commission in the hands of just two people as the White House has yet to name a replacement for Peirce or to fill open Democratic slots.

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Kalshi Cites CFTC Lawsuits In Bid To Nix Mass. Betting Suit

By Julie Manganis

Kalshi has asked a Massachusetts court to throw out the state's expanded complaint over the platform's sports-related "event contracts," saying recent lawsuits and rulemaking by the U.S. Commodity Futures Trading Commission asserting jurisdiction over prediction markets have put the company in a stronger position.

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Atty's Suit Over His Meme Coin Hack Sent To Arbitration

By Aislinn Keely

A New York federal judge Monday ruled that a crypto-focused attorney must arbitrate his claims that wallet provider Phantom Technologies Inc. enabled the hack that stole half a million dollars from his dog-themed meme coin project.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week heard arguments over whether to dismiss a derivative suit accusing UiPath Inc. insiders of misleading investors and trading on inside information, while a Match Group Inc. stockholder sued for records concerning reports of sexual assault and other violence involving users of the company's dating apps.

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Judge Cuts Patent Claims Against Volvo Over Payment Data

By Adam Lidgett

A Delaware federal judge has knocked out claims that a division of Volvo infringed a digital payment hub patent owned by ModoPayments, but kept alive the lawsuit's copyright infringement claims.

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Wachtell, Sidley Advise On Valley Bank's $340M Bluevine Deal

By Al Barbarino

Valley National Bancorp said Monday it has agreed to acquire digital banking platform Bluevine for about $340 million, expanding the regional bank's small business franchise and adding a nationwide digital deposit channel.

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Ex-CFTC Commissioner Exits Crypto Lobby After Clarity Stalls

By Aislinn Keely

Former U.S. Commodity Futures Trading Commissioner Summer Mersinger is stepping down from leading crypto lobby the Blockchain Association, a resignation that comes weeks after crypto legislation stumbled in the Senate.

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Senior Lawyers Survey: Tell Us About Your Career

How are senior lawyers adapting to evolving career paths and emerging technologies? Share your perspective in this five-minute survey.

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Law360's Legal Lions Of The Week

By Kevin Penton

O'Melveny & Myers LLP and Reed Smith LLP lead this week's edition of Law360 Legal Lions, after the Ninth Circuit overturned a $140 million class verdict against CenturyLink, holding that the company had a reasonable interpretation of the Fair Credit Reporting Act.

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Arkansas Firm 5th To Seal PE Deal With Uplift Investors

By Tracey Read

Arkansas' largest personal injury law firm is the latest legal entity to ink a deal to take private equity investment using Uplift Investors' associated management services organization.

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AI Mishap Has Judge Questioning 'Our Collective Character'

By Julie Manganis

A California attorney was barred from representing the plaintiffs in a Massachusetts insurance coverage dispute and ordered to pay legal costs of up to $10,000 to opposing counsel, after a federal judge found he relied on "inaccurate and fictitious" case cites and holdings in three filings.

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Tarter Krinsky Faces Suit After Disclosing Data Breach

By Andrea Keckley

Tarter Krinsky & Drogin LLP maintained "intentional opacity" about a recently disclosed cybersecurity attack last year that may have compromised protected health information, a proposed class action alleged in New York federal court.

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A2J At The High Court: Gun Bans, Voting And Civil Remedies

By Marco Poggio

From the right to own semiautomatic rifles to the rules governing voter registration, the upcoming U.S. Supreme Court term will see the justices tackle a broad swath of constitutional and access to justice issues.

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Domino Foods Fights Paul Weiss DQ Bid In Price-Fixing MDL

By Madison Arnold

Domino Foods is pushing back on an attempt to disqualify its counsel from Paul Weiss Rifkind Wharton & Garrison LLP in a sugar price-fixing multidistrict litigation, arguing Hershey, J.M. Smucker and other food makers filed the motion as a "strategic attempt to gain tactical advantage" at a critical point in the dispute.

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Duane Morris To Settle Employee's Tax Withholding Claim

By Asha Glover

Duane Morris LLP has agreed to private mediation to settle a proposed class action by an employee who alleged that the firm failed to withhold taxes for workers who were misclassified as partners, according to a notice.

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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 Glencore Energy sue a refinery for allegedly defrauding it out of more than $236 million worth of crude oil, the former CEO of ankle-tag maker Big Technologies file a defamation claim against the company, and property investment group Hunter Jones hit by a claim from the Financial Conduct Authority. 

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Wilson Sonsini topped a list of law firms that have alumni attorneys working at six of the country's most prominent tech companies. And general counsel at most large companies expect to increase their litigation budgets next year.

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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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