Kalshi Bans George Santos, Candidates Over Improper Trades

By Aislinn Keely

Prediction market platform Kalshi said Monday that it permanently banned George Santos from the platform and imposed a $71,000 penalty against the convicted former U.S. representative for allegedly manipulating a prediction market on whether he would attend the 2026 State of the Union address.

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Tech Biz Challenges ICE's $95M Sole-Source Blockchain Award

By Elaine Briseño

Chainalysis Government Solutions accused the U.S. Department of Homeland Security of improperly awarding a nearly $95 million sole-source contract for forensic software, arguing the government should have held a full competition for the "largest blockchain analytics contract" it ever awarded.

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Apple Can't Shake Fintech Co.'s Trade Secret, RICO Suit

By Bonnie Eslinger

A Georgia federal judge on Monday denied Apple's motion to dismiss Fintiv's trade secrets and racketeering litigation, finding the fintech company plausibly alleges that Apple stole its trade secrets and encouraged credit card issuers and payment processors to promote the false message that Apple created the technology behind Apple Pay.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court this past week saw disputes over a $200 million federal grant, a $1.7 billion software take-private deal, the ouster of Better.com founder Vishal Garg and a proposed $4 million settlement stemming from an electric vehicle company's SPAC merger.

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Judge Says Risky Investments Wipe SVB's $1.7B FDIC Claim

By Rick Archer

A California federal judge has ruled that a $1.7 billion claim by the parent of the failed Silicon Valley Bank against the Federal Deposit Insurance Corp. is more than offset by the more than $5 billion the parent's reckless investment strategy cost the bank.

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Avalara Investors Suing Over $8.4B Buyout Win Class Cert.

By Asha Glover

A Washington federal judge granted class certification to investors in tax software company Avalara in a suit alleging it misled investors ahead of an $8.4 billion deal to take the company private.

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Circle Says N. Korea Hack USDC Was Never In Its Possession

By Sydney Price

Blockchain company Circle Internet Financial LLC said that the family of a man who was kidnapped and murdered by North Korean agents cannot collect $232 million from the company following the April Fools' Day exploit of crypto project Drift Protocol, arguing it was not in possession of the contents of the wallets at issue.

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How Economic Analysis Informs Consumer Lending Disputes

A new wave of consumer lending class actions makes clear that economic analysis of control, pricing, repayment risk and borrower behavior will be central to litigation involving fintech platforms, earned wage access products and online lending models as regulatory enforcement recedes, say economists at The Brattle Group.

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Ex-Clifford Chance Attys Fight Bid To Toss Clawback Suit

By Ryan Boysen

The two partners facing a $6 million clawback demand by Clifford Chance LLP have again asked a federal judge to decide whether English or New York law should govern the arbitration, claiming the firm's partnership agreement is unclear.

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How Did Litigants Fare In Judge Albright's 55 Patent Trials?

By Dani Kass

U.S. District Judge Alan Albright oversaw more than 50 patent trials between his 2018 arrival on the bench and planned Monday departure, and in a surprise for many attorneys, there was a near-even split between victories for patent owners and accused infringers.

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New Report Rings Alarm On Threats To Judicial Independence

By Jack Karp

Verbal attacks on judges, disinformation about the courts and the defiance of court orders are undermining the independence of the federal judiciary and significantly affecting individual judges' ability to do their jobs, a report out Monday says.

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Roundup

Defamation Litigation Roundup: NYT, J&J, Azerbaijan

By Theresa Schliep

In this month's review of defamation fights, Law360 details a jury verdict against The New York Times in a suit involving its reporting on a shooting in Alabama, and highlights a judge's decision to spare researchers from a suit by a Johnson & Johnson subsidiary over their talc research.

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House Passes Bill To Curb Secret Prosecutor Orders

By Courtney Bublé

The House passed a bipartisan bill via voice vote Monday afternoon to add transparency to prosecutors' use of nondisclosure orders for telephone service providers.

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Brief

House Passes Bill Adding Texas, California Court Sites

By Courtney Bublé

The House voted 378-10 on Monday evening to expand access to federal courts in Texas and California, the two most populous states in the nation.

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Roundup

Hub Hires: MassBar, Kirkland, Troutman

By Chris Villani

Massachusetts' legal landscape saw a sizzling summer finish, with several major firms making hires. Kirkland added a veteran white collar defense attorney, Troutman bolstered its real estate team and Day Pitney nabbed an experienced corporate attorney.

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