Dems Urge CFTC To 'Rein In' Wildfire Prediction Markets

By Aislinn Keely

Democratic senators led by Oregon's Jeff Merkley on Monday called on the U.S. Commodity Futures Trading Commission to "rein in" prediction markets speculating on wildfires.

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FBI Agent Says He Stole $1M In Crypto, Turns Himself In, Feds Say

By Craig Clough

An FBI agent who says he stole nearly $1 million in cryptocurrency from overseas targets self-reported his conduct because it was "eating him up" and has been charged with the interstate transport of stolen goods and receipt of stolen goods, according to an affidavit unsealed in Virginia federal court Monday.

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AAA Launches Web3 Panel With Google, UPenn Members

By Matt Perez

The American Arbitration Association has announced the launch of a special panel for blockchain and digital-asset cases, with its initial slate of arbitrators including professionals from the University of Pennsylvania and Google Cloud.

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Fintech Dakota Seeks OCC Trust Charter For Stablecoin Biz

By Aislinn Keely

Stablecoin infrastructure firm Dakota said Monday it's pursuing federal oversight of its business with an application for a national trust charter, which was prepared by Paul Hastings LLP.

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Legal Questions Michigan Is Still Facing In 2026

By Melanie Dorsey and Susan Smiley

Michigan's legal sector can expect answers on several burning legal questions in the remainder of 2026, with major litigation over the Flint water crisis nearing an end, and the state's enforcement push against prediction market purveyors just getting started. Some of the biggest questions, however, will be answered not in court, but at the ballot box, where Michigan Supreme Court justices are up for election and a potential constitutional convention will be put to voters.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week tackled disputes involving merger litigation, insider trading allegations, books and records demands, advancement proceedings, fiduciary duties, public benefit corporations and more.

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Visa To Buy Permira-Backed BioCatch In $2.4B Deal

By Al Barbarino

Visa said Monday it has agreed to acquire fraud intelligence company BioCatch from funds advised by Permira and other shareholders for $2.4 billion in cash, more than two years after Permira became BioCatch's majority stakeholder at a $1.3 billion valuation.

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Community Bank Order Signals Fintech Partnership Scrutiny

The Office of the Comptroller of the Currency's recent consent order against Community Federal Savings Bank for deficiencies in its Bank Secrecy Act and anti-money laundering compliance programs offers clear and urgent lessons for community banks pursuing revenue growth through fintech partnerships and payments services, say attorneys at Bradley.

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Where Is The Line On Actionable Comms In Securities Cases?

Recent securities cases demonstrate the difficulty in discerning a clear difference between statements made in connection with the purchase or sale of securities and those that aren't, with that line more likely attributable to individualized factual situations than to any doctrinal differences of opinion between various courts, says Samuel Groner at Fried Frank.

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DOJ Renews Bid To Oust Susman From ABA Trump EO Case

By Jared Foretek

The U.S. Department of Justice renewed its call for a D.C. federal judge to disqualify Susman Godfrey LLP from representing the American Bar Association in its challenge to the Trump administration's law firm executive orders, saying Susman Godfrey's attorneys could potentially have to serve as fact witnesses in the case.

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Jackson Walker, Trustee Agree On $15M Romance Settlement

By Emma Cueto

Jackson Walker LLP has agreed to pay $15 million and reform its conflicts and disclosure practices to resolve claims brought by the regional U.S. trustee regarding bankruptcy fees approved by a bankruptcy judge who was at the time concealing a relationship with a Jackson Walker partner.

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ABA To Assess Aggressive BigLaw Campus Recruitment

By Emily Sawicki

The American Bar Association's policymaking body on Monday approved a resolution sponsored by law students seeking reprieve from increasingly early BigLaw recruitment drives and clarified rules regarding client confidentiality and prosecutorial responsibility, some of the first votes taken on day one of its annual meeting.

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Simpson Thacher's PIPE Work Was 'Dogged,' Jury Told

By Jake Maher

Simpson Thacher & Bartlett LLP did all it could to help Patriot National Inc. and the company's owner and warn them about risks as they pursued a financing deal, a former capital markets attorney told a Florida state jury Monday in the insurance services company's malpractice case against the firm.

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Analysis

How State SG Offices Became A Judicial Pipeline

By Cara Bayles

The rapid growth of Missouri's solicitor general's office illustrates the import of top state appellate roles, which offer young lawyers a chance to gain courtroom experience they might never acquire in BigLaw. The gig is also, for young conservatives especially, one of the fastest paths to the federal bench.

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Blanche's Nix Of Trump's $1.8B Fund Wins Over GOP Sens.

By Asha Glover

Two holdout GOP senators said Monday that they would support confirmation of acting Attorney General Todd Blanche to the permanent role after he gave assurances that President Donald Trump's $1.8 billion "anti-weaponization" fund, created as part of a settlement with the IRS, would not move forward.

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Conn. Justices Order Education For Atty Who Missed AI Flubs

By Christine DeRosa

The Connecticut Supreme Court has ordered a GLG Law LLC attorney to complete continuing education after finding that seven errors in filings caused by ChatGPT stemmed from negligence in the use of new technology, not from an intentional attempt to deceive or mislead the court.

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Brief

Judge Denies Bid To Oust Kirkland From Trade Secret Feud

By Ivan Moreno

A California federal judge has denied a healthcare software company's attempt to disqualify Kirkland & Ellis LLP from representing Commure Inc. in a trade secret lawsuit, ruling that the plaintiff failed to prove that information it disclosed during a prospective client consultation was materially harmful enough to warrant disqualification.

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Disputes Continue, 1 Week Into NY Public Defender Strikes

By Andrea Keckley

Two unions representing hundreds of New York public defenders remain on strike Monday, with managers from the Neighborhood Defender Service of Harlem requesting third-party mediation during their most recent negotiations on Sunday.

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Roundup

The Top In-House Hires Of July

By Michele Gorman

Legal department hires during the past month included high-profile appointments at Goldman Sachs, Coinbase and Sanofi. Here, Law360 Pulse looks at some of the top in-house announcements from July.

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Monthly Merger Review Snapshot

By Matthew Perlman

A group of state enforcers challenged Paramount's planned $110 billion acquisition of Warner Bros. Discovery, as a separate group of states and DirecTV accused Nexstar of violating an order preventing it from integrating with Tegna and the Federal Trade Commission faced a bench trial seeking to block a constructive adhesive deal.

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