Analysis

Exchanges Are First Line In CFTC Prediction Market Policing

By Aislinn Keely

As the U.S. Commodity Futures Trading Commission insists it will be the primary cop for the growing expanse of prediction markets, experts said the agency is signaling that its first line of defense will be the internal enforcement programs of registrants like Kalshi.

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Justices Turn Away Case Over SEC Receivership Powers

By Jessica Corso

The U.S. Supreme Court on Monday rejected a plea by a Dallas real estate developer to hear a challenge to the U.S. Securities and Exchange Commission's ability to seize the assets of alleged fraudsters before a trial can take place.

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Dems Press CFTC To Curb Gov't Employees' Event Trading

By Aislinn Keely

Democrats across both chambers of Congress are demanding that the agencies overseeing prediction markets and the ethics of government workers tell federal employees they can't trade on events if their jobs give them an edge.

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Blumenthal Questions SEC Over Crypto Cases, Ryan Exit

By Katryna Perera

U.S. Sen. Richard Blumenthal is demanding answers from U.S. Securities and Exchange Commission Chairman Paul Atkins about the sudden resignation of the regulator's enforcement director and whether her departure was related to cryptocurrency cases, including one touching on the Trump family's ventures.

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FinCEN Cautions On Benefits Fraud, Floats Tipster Award Plan

By Jon Hill

The U.S. Department of the Treasury's illicit finance watchdog called Monday for banks to step up monitoring for Medicare and Medicaid fraud, issuing new guidance on flagging suspicious activity, which came as officials also moved to incentivize financial crime reporting with new draft rules to offer tipster rewards.

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SEC Workers Cite Concern Job Cuts Left Knowledge Gaps

By Jessica Corso

The U.S. Securities and Exchange Commission's headcount hit a decade low in fiscal year 2025, and some who remain are concerned that key institutional knowledge may have been lost, according to a new report by the U.S. Government Accountability Office.

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DOL Rule Would Expand Alternatives In Retirement Plans

By Kellie Mejdrich

The U.S. Department of Labor unveiled a proposal Monday to expand access to alternative investments, like private equity and digital assets, in retirement plans by establishing a safe harbor process for fiduciaries to follow when deciding where retirees' savings go.

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Crypto Hacker Stole $53M For Pokemon Cards, DOJ Says

By Gina Kim

A Maryland man was charged with hacking cryptocurrency exchange Uranium Finance and taking $53 million, and using the money to buy rare Pokemon and Magic: The Gathering trading cards, as well as a piece of the Wright brothers' original plane that Neil Armstrong took to the moon.

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Comerica Beats Suit Over Interest On Benefit Card Funds

By Sydney Price

A Michigan federal judge on Friday freed Comerica Bank from claims that it unlawfully profited from a government benefit debit card program it administered by keeping the interest generated by the funds, finding that two contractual agreements invalidate the cardholders' claims to the earnings.

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Chancellor Rejects Musk Recusal Bid But Transfers Tesla Suits

By Jarek Rutz

The top judge of the Delaware Chancery Court on Monday rejected Elon Musk's bid to force her off three high-profile cases involving stockholders and Tesla, but reassigned the litigation anyway, citing concerns that intense public attention could undermine confidence in the proceedings.

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Georgia Firm Says 'Corporate Mole' Aided Archetype Capital Suit

By Chart Riggall

An Atlanta-area law firm has accused a Nevada litigation funder of using cloak-and-dagger methods and an "attorney turned corporate mole" to steal the firm's toxic tort trade secrets, only to make a "heel turn" and play the victim by suing the law firm last year.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court's docket this past week featured disputes involving globally recognized companies, high-dollar contract fights, revived claims from the state's high court and the resolution of a closely watched de-SPAC case.

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AI And Threats To Privilege In Financial Sector Probes

The recent spotlight on the potential for artificial intelligence platforms to serve as a source for discoverable information is especially important for financial institutions to understand, as the industry navigates increasingly complex regulatory expectations and AI tools become embedded in investigative efforts, say attorneys at Jackson Lewis.

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'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks

At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.

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Opinion

AI Presents A Make-Or-Break Moment For Outside Counsel

The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

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Pillsbury Asks To Toss Suit Over Nonclient Data Breach

By Matt Perez

Pillsbury Winthrop Shaw Pittman LLP sought dismissal of a consolidated data breach action in New York federal court Friday due to the plaintiffs' alleged lack of relationship with the firm and inability to identify any cognizable damages.

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Burford Considers Arbitration After 2nd Circ. Tosses $16B Win

By Nadia Dreid

Burford Capital Ltd. says it is contemplating taking its $16 billion fight with Argentina into international arbitration after the Second Circuit wiped out a judgment the litigation funding firm had won against the nation in New York federal court, sending its stock prices tumbling.

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'Is It Kafka?' Judge Presses Pentagon On Press Restrictions

By Jared Foretek

A D.C. federal judge requested additional briefing Monday from the Trump administration before deciding whether to toss the U.S. Department of Defense's revised rules restricting journalists' access to the Pentagon but said some new allegations from reporters read like the revisions came from a Franz Kafka novel.

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Ex-Laffey Bucci Atty Accused Of Stealing Over $1.3M

By James Boyle

Laffey Bucci D'Andrea Reich & Ryan has accused a former name partner in a Pennsylvania state court suit of misdirecting more than $1.3 million in referral and case fees through a secret agreement with another firm and misusing the plaintiffs firm's resources for personal expenses, including an affair with a client.

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FCA Qui Tams Are Unconstitutional, Eli Lilly Tells Justices

By Mark Payne

The False Claims Act's whistleblower provisions are unconstitutional, drugmaker Eli Lilly has told the U.S. Supreme Court, asking it to overturn a Seventh Circuit decision upholding a $183 million trial win for a whistleblower who claimed the drug company hid how much it charged for Medicaid-covered drugs. 

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Justices Wary Of 'Odd' Arbitration Jurisdiction Theory

By Caroline Simson

A lawyer urging the U.S. Supreme Court to find that federal courts that have sent a dispute to arbitration do not automatically have jurisdiction to confirm or vacate a subsequent award faced heavy skepticism Monday from the justices, who called his argument during oral arguments "odd" and "peculiar."

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