Treasury Digital Asset Report Pushes Innovative Compliance

By Sarah Jarvis

The U.S. Department of the Treasury has published a report on stablecoin use and compliance to Congress as prescribed by the Genius Act, laying out plans to harmonize anti-money laundering standards for cryptocurrency activities.

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Banking Orgs. Urge 7th Circ. To Block Ill. Swipe-Fee Law

By Jon Hill

Banking industry trade groups have asked the Seventh Circuit to rule that Illinois may not enforce its tax and tip swipe-fee ban against national banks and other payment system participants, escalating their fight against the state's landmark Interchange Fee Prohibition Act, or IFPA.

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Ohio Judge Won't Shield Kalshi's Sports Contracts

By Aislinn Keely

An Ohio federal judge declined to block Kalshi's sports event contracts from state gambling regulators' scrutiny in a Monday order that found the wagers don't appear to be swaps under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission.

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NY Judge Tosses Terror Victims' Binance Suit, For Now

By Sydney Price

A lawsuit against Binance and Changpeng Zhao, its former CEO, brought by the victims of 64 terrorist attacks was dismissed on Friday when a New York federal judge determined that the plaintiffs have not directly linked any wrongdoing by the cryptocurrency exchange to their injuries.

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Bitcoin Classes Should Be Modified, Judge Says In Opinion

By Katryna Perera

A New York federal judge narrowed the class definitions in a suit accusing Tether and Bitfinex of rigging the cryptocurrency market and costing investors hundreds of billions of dollars, after finding that there is no "clear-cut" injury for some investors. 

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Google Shuts Down Claims It Fired Worker Over Cancer

By Grace Elletson

A Connecticut federal judge tossed a suit Monday from a former sales representative who said Google fired him after learning he had cancer to avoid paying out a $4 million life insurance policy, saying the ex-worker sent "mixed messages" on whether Google thought the condition was terminal.

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Pump.Fun Seeks Dismissal Of Meme Coin Buyers' Suit

By Katryna Perera

Meme coin launchpad Pump.fun, its officers and related blockchain projects asked a New York federal judge to dismiss users' latest complaint, which added racketeering allegations and accused the defendants of operating an illegal digital casino, arguing it fails to establish jurisdiction or demonstrate the tokens at issue are securities.

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Steve Aoki, DraftKings Founder Seek Exit From NFT Fraud Suit

By David Minsky

DraftKings co-founder Matthew Kalish and electronic music artist Steve Aoki told a Florida federal court Friday that a proposed class action accusing them of promoting "worthless" nonfungible tokens without disclosing they were getting paid for it does not allege any wrongdoing, and asked the court to toss the suit.

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Intuit Faces MLA Suit Over 'Refund Advance' Loans

By Sydney Price

TurboTax distributor Intuit Inc. and several of its partners were hit with a proposed class action alleging their process for distributing tax refund advance loans comes with high costs and arbitration clauses that are prohibited by the Military Lending Act.

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GoodVision AI To Go Public Through $180M SPAC Merger

By Jade Martinez-Pogue

Cloud computing and artificial intelligence infrastructure solutions provider GoodVision AI Inc., advised by VCL Law LLP, unveiled plans Monday to go public by merging with Graubard Miller-advised special purpose acquisition company Calisa Acquisition Corp. in a deal valued at $180 million.

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Kavanaugh, Jackson Debate High Court Emergency Orders

By Katie Buehler

U.S. Supreme Court Justice Brett Kavanaugh pushed back Monday against critiques that the high court is ruling in favor of President Donald Trump in emergency appeals more often than it did for prior presidents, saying people who believe those allegations have "short" memories. 

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Ex-DLA Piper Atty Alleging Rape Can't Remain Anonymous

By Lauren Berg

A former Boston-based DLA Piper associate cannot use a pseudonym to pursue a lawsuit alleging she was raped by one of the firm's former partners, a Massachusetts judge ruled, noting that she already publicly revealed her identity in a related suit against the accused attorney.

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Employment Law Cases Have Rebounded Except For FLSA

By Max Kutner

Employment law cases overall have bounced back from pandemic-era lows, especially discrimination and disability accommodation suits, though a slump has continued for Fair Labor Standards Act claims, according to a report by legal analytics provider Lex Machina.

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NJ US Atty Trio Booted In 2nd Leadership Ouster

By George Woolston

A federal judge on Monday disqualified the three assistant attorneys overseeing the U.S. Attorney's Office for the District of New Jersey, finding the "byzantine" leadership structure is unconstitutional.

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Brief

SCOTUSblog Founder Goldstein To Be Sentenced In June

By Emily Sawicki

SCOTUSblog founder Thomas Goldstein, currently under home confinement in Washington, D.C., after a Maryland jury convicted him on tax evasion and mortgage fraud charges, will face sentencing in June.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court's docket last week featured disputes spanning alleged forged board approvals at a telecom startup, evidence-destruction claims tied to WWE's blockbuster merger with UFC and investor scrutiny of a multibillion-dollar deal between Intel and the U.S. government.

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McGuireWoods Beats Sun Pharma's DQ Bid In NJ Suit

By George Woolston

A New Jersey federal court has denied Sun Pharmaceutical's bid to disqualify McGuireWoods LLP from representing pharmaceutical company Biofrontera in litigation over the alleged breach of a settlement agreement, ruling the firm's continued representation won't harm Sun Pharmaceutical and will avoid significant harm to Biofrontera.

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Lewis Brisbois Renews Bid To Force Paralegal To Arbitrate

By Adrian Cruz

Lewis Brisbois Bisgaard & Smith LLP asked a Florida state judge on Friday to have a former paralegal arbitrate her defamation claims that its actions tarnished her reputation and cost her a job at another firm.

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K&L Gates IP Atty Tapped For Wash. Supreme Court Seat

By Rachel Riley

A K&L Gates intellectual property litigator will become the Washington State Supreme Court's first justice of Middle Eastern descent, Washington Gov. Bob Ferguson said Monday, announcing his pick to replace veteran retiring Justice Barbara Madsen.

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