Law360 MVP Awards Go To Top Attorneys From 76 Firms

The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.

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Sen. Ag Committee Gives CFTC Crypto Oversight In Draft Bill

By Aislinn Keely

The U.S. Commodity Futures Trading Commission would have "exclusive jurisdiction" over so-called digital commodities under a discussion draft of legislation to regulate crypto markets released Monday by Senate Agriculture Committee Chairman John Boozman, R.-Ark., and Sen. Cory Booker, D.-N.J.

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IRS Sets Safe Harbor For Trusts Staking Digital Assets

By Kat Lucero

Investment and grantor trusts can stake their digital assets — which can generate passive income — without losing their tax benefits if they meet certain requirements, including obtaining approval from the U.S. Securities and Exchange Commission to authorize such activities, the Internal Revenue Service said in a revenue procedure Monday.

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Kalshi, Robinhood Beat Tribes' Bid To Block Events Contracts

By Craig Clough

A California federal judge declined to issue a preliminary injunction on Monday blocking prediction platform Kalshi and Robinhood from offering their sports event contracts that some Native American tribes allege constitute illegal gambling, saying they have not shown how the platforms are subject to a statute protecting tribal gaming.

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Visa, Mastercard Cut New Deal Worth 'Well More Than $200B'

By Bryan Koenig

Visa, Mastercard and a class of potentially millions of merchants announced a new settlement Monday resolving two decades of antitrust litigation, which would permit more flexibility on what cards are accepted and would lower fees — with a five-year cap — to address a New York federal judge's concerns that an earlier version wasn't enough.

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Comenity Bank Owes $20M Over Dispute Handling, Jury Says

By Cara Salvatore

Comenity Capital Bank should pay more than $20 million to a California man who said his credit report disputes connected to identity theft were repeatedly mishandled, a federal jury has found.

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ProphetX Seeks CFTC Approval For Sports Event Contracts

By Elaine Briseño

Sports prediction company ProphetX said Monday it has applied to the U.S. Commodity Futures Trading Commission to become a federally regulated prediction market exchange specifically targeting sports-based event contracts.

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Brief

FTC Dem Tells Justices Case Law Supports Her Reinstatement

By Nadia Dreid

Fired Federal Trade Commissioner Rebecca Slaughter has argued that in taking up her appeal over President Donald Trump's decision to remove her before her term was up, the U.S. Supreme Court is really mulling whether it has "gotten it wrong for the last 90 years."

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SEC Accuses Ex-Fintech CEO Of $60M Fraud In SPAC Merger

By Gina Kim

Securities regulators sued the founder of Triterras Fintech in New York federal court, accusing him of misleading investors about Triterras' trade finance platform to secure a business combination with a special purpose acquisition company in November 2020, netting himself $60 million while investors suffered significant losses. 

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FDIC Revamps Consumer Compliance Exam Frequency

By Sarah Jarvis

The Federal Deposit Insurance Corp. has released new guidelines that feature lengthened consumer compliance exam cycles for well-rated community banks and new midpoint "risk analysis" reviews examiners will carry out in certain situations.

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Blockchain Co. Brings Defamation Suit Against Short Seller

By Aislinn Keely

Blockchain-focused firm Datavault AI Inc. is suing an activist short seller for publishing a report the company said is "riddled with outright falsehoods, inflammatory accusations and cherry-picked half-truths" about an executive's past run-in with the U.S. Securities and Exchange Commission and the extent to which its blockchain is used.

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Biometric Security IP Owner Has Mixed Day In PTAB Appeals

By Dani Kass

CPC Patent Technologies lost its patent fights with Apple over biometric security technology at both the Federal Circuit and U.S. Supreme Court on Monday, but notched a win against Apple's business partner at the circuit court.

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Cash Advance Co. FloatMe Hit With Excessive Fee Suit In Pa.

By Sydney Price

Online cash advance provider FloatMe has been hit with a proposed class action in Pennsylvania alleging its product violates consumer protection laws by tacking on unlawfully high fees to transactions.

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Digital Asset Treasury Trend Signals Wider Crypto Embrace

While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

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A Look At State AGs' Focus On Earned Wage Products

Earned wage products have emerged as a rapidly growing segment of the consumer finance market, but recent state enforcement actions against MoneyLion, DailyPay and EarnIn will likely have an effect on whether such products can continue operating under current business models, say attorneys at Quinn Emanuel.

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Series

The Biz Court Digest: How It Works In Massachusetts

Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

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McDermott Exploring Selling Stake To Private Equity

By Emily Sawicki and Alison Knezevich

McDermott Will & Schulte on Wednesday acknowledged it is fielding interest from private equity investors, a development that underscores how some of the legal industry's largest players are considering moving to a nontraditional business model.

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Baker McKenzie Accuses Ex-Atty Of Playing 'Cat And Mouse'

By James Boyle

An ex-associate at Baker McKenzie's Washington, D.C., office has been accused by her former employer of playing a "cat and mouse game" to avoid getting served a defamation complaint filed in October by the office and its managing partner.

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Ex-Prince Lobel Atty Charged With Forging Liquor Licenses

By Julie Manganis

The former chair of Prince Lobel Tye LLP's restaurant and hospitality practice has been indicted on charges that she forged liquor licenses for three clients before she was fired last year, the Suffolk County District Attorney's Office said Wednesday.

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Reed Smith Facilitated Jet Repossession Ploy, Suit Claims

By Emilie Ruscoe

Reed Smith LLP and two of its attorneys are facing claims of improperly facilitating an attempted repossession of an aviation company's plane, purportedly representing the company's lender while actually working for an alternative investment firm angling to seize the plane.

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Texas Pick Among 3 Formally Tapped For District Court Seats

By Courtney Bublé

President Donald Trump announced on Wednesday three nominees for federal judgeships in Texas, Arkansas and Alaska, which have been anticipated for a few weeks.

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Insurer Fights Margolis Edelstein's Bid To Toss Malpractice Case

By Jake Maher

An insurance company told a New Jersey state court this week that it should be allowed to proceed with a malpractice suit against Margolis Edelstein because the firm had a duty to represent it in an underlying insurance dispute under state law.

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Edelson Enters 'Clean' Dismissal In Girardi Atty Case

By Andrea Keckley

Edelson PC has submitted a "clean and unadulterated" dismissal of its conversion case against two former attorneys from the now-defunct law firm Girardi Keese after an Illinois federal judge took issue with a previous version of the stipulation.

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Ex-Alaska Judge Disbarred Over Sexual Misconduct Scandal

By Jack Karp

Former Alaska federal judge Joshua Kindred has been disbarred by that state's Supreme Court over multiple allegations of sexual misconduct, including that he had inappropriate sexual relationships with several attorneys who appeared before him.

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House Looks To Undo Sens.' Ability To Sue Over Phone Info

By Courtney Bublé

House Speaker Mike Johnson, R-La., said Wednesday that House Republicans will be introducing stand-alone legislation to repeal a provision tucked into the government funding package the Senate passed Monday that would allow Republican senators investigated by special counsel Jack Smith to sue for damages.

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Trump's Budget Deputy Named Interim US Atty In NC

By Abigail Harrison

Federal budget official and former U.S. Rep. Dan Bishop secured an interim role as one of North Carolina's top prosecutors Wednesday.

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Law Firm Drops 'Steamboat Willie' Suit Against Disney

By Carolina Bolado

Morgan & Morgan dropped its suit Wednesday against Disney that asked a Florida federal court to declare that an advertisement the firm planned to run featuring elements from the animated short film "Steamboat Willie" does not infringe Disney's intellectual property because the work entered the public domain last year.

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SEC's Atkins Previews Crypto 'Taxonomy' Plans, Exemptions

By Aislinn Keely

U.S. Securities and Exchange Commission Chairman Paul Atkins on Wednesday pledged to "draw clear lines" about which crypto transactions the SEC doesn't regulate, but said that coming rules and exemptions for digital assets are "not a promise of lax enforcement at the SEC."

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Analysis

Copyright Guide Or Policy Change? Project Divides IP Attys

By Ivan Moreno

The American Law Institute's restatements of law, widely regarded as influential reference points for judges and attorneys, are typically yearslong projects that are finished quietly and without much controversy, but one for copyright that concluded this year has diverged from that tradition.

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