CFTC Sues New York Over Sports Event Contract Crackdown

By Aislinn Keely

The U.S. Commodity Futures Trading Commission sued the state of New York Friday in its latest bid to assert "exclusive jurisdiction" over prediction markets and cut through the state's attempts to shut down certain event contract trading as unregistered gambling.

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DOJ Ends Powell Probe, Clearing Way For Warsh Vote

By Jon Hill

The U.S. Department of Justice said Friday that it is dropping its criminal investigation into Federal Reserve Chair Jerome Powell, a reversal that has cleared a path for the U.S. Senate to confirm President Donald Trump's pick to succeed him.

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Jane Street Slams Terraform's Insider Trading Claims

By Jessica Corso

Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have to "foot the bill" for a fraud that Terraform itself committed.

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Rakoff Tosses Securities Fraud Claims Against Coinbase

By Emilie Ruscoe

U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform blockchain ecosystem.

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Wis. Takes On Prediction Market Cos. Over 'Illegal' Betting

By Ganesh Setty

Wisconsin has joined the fight with other states to regulate prediction market platforms under their respective state gambling laws, telling a Wisconsin state court that the platforms are engaging in criminal activity and creating a public nuisance.

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Feds Lock In Cut To Community Bank Leverage Ratio

By Jon Hill

Federal regulators on Thursday finalized a rule to relax a streamlined leverage capital requirement for community banks, a move they said will give hundreds more small banks a way to avoid more complex, risk-based capital standards.

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Why Justices Seem Skeptical Of Curbing SEC Disgorgement

Sripetch v. U.S. Securities and Exchange Commission presents an opportunity for the U.S. Supreme Court to clarify the disgorgement limits it set six years ago in Liu v. SEC, with recent oral arguments suggesting the court sees disgorgement as an equitable remedy akin to unjust enrichment, say attorneys at Hueston Hennigan.

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DLA Piper Clears Vote To End Verein, Unify Leadership

By Tracey Read

DLA Piper announced Friday that firm partners on both sides of the Atlantic have "overwhelmingly approved" a plan to dissolve its Swiss verein structure effective May 1.

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Exclusive

Judge Albright Reflects On 8 Years Shaping Patent Law

By Dani Kass

U.S. District Judge Alan Albright will be walking away from the Western District of Texas at the end of the summer, ready to head back into patent litigation work. He talked with Law360 on Friday about the rockier elements of his judgeship and lessons he'll take into private practice.

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Wigdor Sanctioned For Lying In Leon Black Rape Case

By Ryan Boysen

Prominent victims rights law firm Wigdor LLP has been sanctioned for lying to a New York federal judge while pursuing a lawsuit that claims ex-Apollo Global Management CEO Leon Black raped a teenager provided to him by convicted sex offender Jeffrey Epstein.

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Law360's Legal Lions Of The Week

By Kevin Penton

Consovoy McCarthy PLLC, Butler Prather LLP, Bowen Painter LLC and Cannella Snyder LLC lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that Fluor Corp. can be held liable for a veteran's state-based injury claims stemming from a 2016 suicide bombing in Afghanistan.

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Oregon Lawyer Ordered To Pay Attorney Fees For Use Of AI

By Matt Perez

An Oregon attorney was sanctioned by a state appellate court for filing a brief containing a fabricated list of authorities because she used generative artificial intelligence, marking the first case in the jurisdiction to present the option of awarding attorney fees as a sanction as opposed to fines payable to the court.

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Akin Can't 'Recast' Appeal As Good-Faith Effort, 9th Circ. Told

By Lauren Berg

A European winemaker slammed attempts by a U.S. importer and its Akin Gump Strauss Hauer & Feld LLP attorneys to "recast a frivolous appeal as a good-faith effort," saying they should have to pay monetary sanctions for pursuing what the Ninth Circuit called a "self-indulgent" appeal of a valid arbitration award.

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Analysis

One Certainty As Tariff Refunds Start: 'There Will Be Litigation'

By Chris Villani

The launch of the refund process for tariffs struck down by the U.S. Supreme Court marks the start of lengthy and multifaceted court battles as companies fight with consumers — and amongst themselves — about who gets a slice of the $166 billion pie, experts told Law360.

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Up Last At High Court: TPS, Geofence, Skinny Labels

By Katie Buehler

The U.S. Supreme Court will close out its oral argument portion of the 2025 October term by hearing a panoply of disputes over the constitutionality of geofence warrants, the existence of aiding and abetting torture claims, and the rescission of temporary protected status for hundreds of thousands of immigrants.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen a Hong Kong company sue the government and a COVID-19 PPE company linked to Tory peer Michelle Mone, an oligarch bring a fresh claim against a rival in a long-running feud, a rugby league club sue over a canceled mass dance event, and Visa and Mastercard hit with legal action from H&M, Eurostar, and Bang & Olufsen. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

In what may be a first, a federal judge has ordered BJ's Wholesale Club to put an investor's climate-related proxy proposal up for a vote of the shareholders at the company's annual meeting. And a new study shows that more in-house counsel are staying in place despite pay increases slowing amid less competition for talent.

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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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