Kalshi Says Gov't Employee Traded On Trump Speeches

By Aislinn Keely

Kalshi said Thursday that it's working with the U.S. Commodity Futures Trading Commission to address suspicious trades on the president's speeches that appear to have netted a federally employed teleprompter operator approximately $90,000.

Read full article » | Save to favorites »

Regulators Set New Protocols For 'Sensitive' Bank Exam Data

By Jon Hill

Federal regulators said Thursday that they are stepping up their protocols for handling bank data and documents during supervisory examinations, outlining a new policy that will allow banks to designate certain "highly sensitive" information for stricter access control measures.

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

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.

Read full article » | Save to favorites »

Senate Unanimously Opposes SBF's Quest For Clemency

By Aislinn Keely

The U.S. Senate has passed a resolution condemning Sam Bankman-Fried's bid for a presidential pardon, making clear that lawmakers on both sides of the aisle oppose clemency for the imprisoned FTX founder.

Read full article » | Save to favorites »

SEC Proposes Making E-Delivery Default For Investor Docs

By Sarah Jarvis

The U.S. Securities and Exchange Commission on Thursday proposed a new rule that would allow electronic delivery to be the default method for sending investors disclosures, shareholder reports, proxy statements and other information, replacing a standard by which many documents are delivered in paper format unless the recipient chooses otherwise.

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

GOP Sen. Tillis Presses Vought On DOGE's 'Amateur' Record

By Jon Hill

Retiring Sen. Thom Tillis, R-N.C., on Thursday ripped into White House budget chief Russell Vought over the Trump administration's now-disbanded Department of Government Efficiency, pressing him repeatedly to substantiate its claims of massive taxpayer savings.

Read full article » | Save to favorites »

​​​​​​​DraftKings Says Philly's Ordinance Conflicts With Pa. Law

By Lauren Berg

DraftKings asked a Pennsylvania federal court Thursday to stop the city of Philadelphia from enforcing its consumer protection ordinance, after the sportsbook platform received a subpoena related to an investigation into potential violations of the local statute, saying the ordinance "copies" the commonwealth's consumer protection law.

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

Swedbank To Pay $50M Fine In Panama Papers-Linked Case

By Katryna Perera

Swedbank AB and its New York branch have agreed to pay a $50 million civil penalty to the New York State Department of Financial Services to resolve claims that the bank failed to fully cooperate with department requests for information related to Swedbank's relationships with Mossack Fonseca, the law firm at the center of the 2016 Panama Papers leak.

1 document attached | Read full article » | Save to favorites »

BitConnect Promoter Owes SEC $1M, Judge Says

By Sydney Price

A New York federal judge ordered a promoter of digital asset BitConnect to pay more than $1 million to end the U.S. Securities and Exchange Commission's claims that he earned hundreds of thousands of dollars by recruiting investors into an unregistered cryptocurrency lending program, rejecting his arguments that the payment should be reduced.

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

$200B Swipe Fee Deal Merits $206M For Attys, Merchants Say

By Craig Clough

Merchants who secured a $200 billion settlement over Visa and Mastercard swipe fees asked a New York federal court Wednesday to approve $206 million in attorney fees and costs, saying: "The result achieved here did not come easily and was far from certain."

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

Brief

Cooley Reinforces Privacy Practice With Ex-Hunton Partner

By Matt Perez

Cooley LLP has further bolstered its cyber, data and privacy group, announcing the hiring of a former Hunton Andrews Kurth LLP partner in its New York office.

Read full article » | Save to favorites »

AI-Fueled Pro Se Suits Pose Rising Risk For Lenders

Harris v. Pinnacle Bank, a recently decided Mississippi federal court case, illustrates how pro se borrowers are using artificial intelligence to file more sophisticated documents that can complicate and prolong loan enforcement proceedings, making early procedural challenges and tighter litigation strategies increasingly important for lenders, says Joseph Briggett at Baker Donelson.

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

Assessing New Risks After The End Of The SEC's Gag Rule

The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

Read full article » | Save to favorites »

Series

Being A Magician Makes Me A Better Lawyer

The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

Read full article » | Save to favorites »

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.

Read full article » | Save to favorites »

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.

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

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."

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

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.

Read full article » | Save to favorites »

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.

Read full article » | Save to favorites »

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.

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

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.

Read full article » | Save to favorites »

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.

Read full article » | Save to favorites »