Dodd-Frank Act Is Focus Of Latest Amici In NJ-Kalshi Case

By Elaine Briseño

Multiple amici, including the drafter of the Dodd-Frank Act, weighed in on New Jersey’s petition for the U.S. Supreme Court to review the regulation of prediction markets and sports betting, saying the statute was not meant to displace state gambling laws.

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Analysis

New Fraud Division Flexes Might In Latest Enforcement Policy

By Phillip Bantz

The National Fraud Enforcement Division's new corporate enforcement policy emphasizes the quick pursuit of certain types of fraud through data analysis and staff resources, expands the target list beyond traditional healthcare providers and highlights the division's growing dominance within the U.S. Department of Justice, experts say.

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GAO To Investigate CFTC Staffing Cuts After Warren Request

By Sarah Jarvis

The U.S. Government Accountability Office will investigate the impact of staffing cuts at the U.S. Commodity Futures Trading Commission, after Sen. Elizabeth Warren, D-Mass., urged the watchdog agency to probe whether the cuts impacted the CFTC's ability to fulfill its responsibilities and whether they are legally sound.

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NCUA's 2-Week Leadership Gap Draws Senate Dem Scrutiny

By Jon Hill

The Senate Banking Committee's top Democrat is seeking more details on an unusual gap in leadership that took place this summer at the National Credit Union Administration, questioning how the agency continued to function with an empty governing board.

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Amex Fined $350M Over Anti-Money Laundering Lapses

By Jon Hill

American Express has been fined $350 million over findings of systemic deficiencies in its banking unit's anti-money laundering program, including for alleged failures to properly detect and report $13 billion in potentially illicit activity over roughly a decade, federal regulators said Thursday.

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DOJ Clears Mobile Parking Payment Merger

By Nadia Dreid

The Justice Department is waving through a merger between two mobile parking payment companies after finding that their union wouldn't pose a problem for competition within the United States.

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Coinbase Tells 2nd Circ. Only CFTC Oversees Event Contracts

By Rae Ann Varona

Event contracts that Coinbase offers, including sports event contracts, are swaps over which the Commodity Futures Trading Commission has "exclusive" jurisdiction, the company has urged the Second Circuit to rule, arguing Connecticut's laws have "no role to play" in regulating prediction markets.

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Fed. Circ. Told Trade Secret Suit 'Never' Should've Been Filed

By Ivan Moreno

A Federal Circuit panel focused Thursday on when a business analytics software company's unsuccessful trade secret case against a rival may have crossed the line into bad faith litigation, warranting nearly $2.8 million in attorney fees from a Utah federal judge.

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Webull Sued By Investor Over Chinese Gov't Links

By Jessica Corso

Trading platform Webull Corp. on Thursday was hit with an investor lawsuit accusing it of underselling its ties to China, shortly after a U.S. House committee released a report detailing how those ties could put customer data at risk.

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Series

Mentalism Makes Me A Better Lawyer

Convincing strangers I can read their minds may seem like an unusual second career for a legal practitioner, but both disciplines share several important requirements, including trust and preparation, says Warren Biro at Manatt.

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How AI Is Reshaping The Structure Of Crypto Venture Deals

As founders at the intersection of crypto and artificial intelligence increasingly face capital-raising quandaries, parties structuring crypto venture deals should weigh how equity, token and hybrid financings allocate value to avoid tricky contractual governance and fiduciary law questions down the line, say attorneys at Cahill Gordon.

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Squire Patton, Holland & Knight Report Data Breaches

By Jake Maher

Squire Patton Boggs LLP and Holland & Knight LLP were hit with cyberattacks exposing sensitive information, according to disclosures filed this week.

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Up Next At High Court: Criminal Sentences & Video Privacy

By Katie Buehler

The U.S. Supreme Court will close out its October sitting by hearing oral arguments in two cases that ask what level of deference federal district courts should give to commentary interpreting the federal sentencing guidelines, and what purchases are protected under a video consumer privacy statute.

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DOJ Aims To 'Attack Fraud From All Angles' Via New Division

By Sarah Jarvis

The U.S. Department of Justice's new fraud division has issued fresh guidance on its prosecution methodology, with the division's head directing prosecutors to seize assets before indictments and pursue upward variances in sentencing guidelines in some cases as part of a stated push to use the division's "full arsenal of criminal statutes" in combating fraud.

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Ill. Judge Lays Out Doc Demands For DOJ Misconduct Probe

By Lauraann Wood

An Illinois federal judge asked the government Friday to turn over six months of communications and certain other records as she investigates in-court inaccuracies Chicago prosecutors offered while prosecuting six anti-immigration protesters, rejecting its request to seal a filing in the process.

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Atty With False AI Citation Filings Ordered To Pay $39K

By Bonnie Eslinger

A New York federal judge who imposed case-terminating sanctions on an attorney who submitted filings with false citations generated by artificial intelligence ordered him on Friday to pay nearly $39,000 to lawyers who uncovered the problematic AI use, noting he had given them the "runaround" when they tried to collect directly.

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Grassley Attacks Dems' Claims Of Rule-Breaking Over Hearing

By Courtney Bublé

Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, clapped back at Democrats for their accusations that Republicans broke Senate rules during a hearing last week at which former special counsel Jack Smith appeared.

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Calif. Jurists' Atty Tips: 'Emulate Lincoln,' 'Don't Be Boring'

By Bonnie Eslinger

Three current and former Northern California federal judges and one Morrison Foerster LLP partner during a Federal Bar Association panel discussion Thursday gave attorneys tips on "courtroom persuasion," including knowing the judges, keeping things interesting and, like the nation's 16th president, getting quickly to the winning point.

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Brief

Legal Services NYC Gets $2.5M To Build Novel Resource Hub

By Tracey Read

Legal Services NYC announced Friday that it has been awarded a $2.5 million grant from the New York State Interest on Lawyer Account Fund to create a first-of-its-kind statewide knowledge-sharing platform to help legal advocates spend more time seeking justice for low-income clients.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The new federal fraud division is threatening faster action and broader targets under a new enforcement policy announced recently. And the SEC warned shareholder advocacy groups that join forces could face legal scrutiny in the future. These are some of 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

Quinn Emanuel Urquhart & Sullivan LLP, Sullivan & Cromwell LLP and Alston & Bird LLP lead this week's edition of Law360 Legal Lions, after the Sixth Circuit overturned a pivotal decision in multidistrict opioid litigation that had dramatically expanded claims against the nation's largest pharmacy benefit managers.

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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 PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

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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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