A Second Circuit panel on Tuesday rebuffed separate bids by Kalshi and Coinbase to temporarily shield their sports contracts from New York and Connecticut gambling regulators after the judges appeared unconvinced by the platforms' attempts to draw lines between sports event contracts and sports bets.
A Second Circuit panel on Tuesday rebuffed separate bids by Kalshi and Coinbase to temporarily shield their sports contracts from New York and Connecticut gambling regulators after the judges appeared unconvinced by the platforms' attempts to draw lines between sports event contracts and sports bets.
The U.S. Commodity Futures Trading Commission on Tuesday signed off on the trading of perpetual contracts tied to individual stocks and was almost immediately sued by a special interest organization backed by Cboe Global Markets Inc. and others accusing the agency of putting investors at risk.
Jack Dorsey's Block Inc. revealed in an investor filing Tuesday it has reached a tentative deal to resolve a U.S. Department of Justice investigation into claims that it ignored fraud on its Cash App, outlining terms that include a deferred prosecution agreement and payment of more than $760 million.
Billionaire Justin Sun urged a California federal judge to sanction World Liberty Financial in litigation over his $45 million investment in the Trump-tied crypto firm, saying the company cost him hundreds of thousands of dollars when it "violated one of the most basic requirements" of the court.
Online lender Opportunity Financial said Tuesday it was withdrawing its applications for a planned $130 million purchase of BNC National Bank, calling off its bid to become a bank amid what it described as unclear regulatory standards and other obstacles to approval.
The Public Company Accounting Oversight Board Tuesday proposed a rule change that could make it easier for companies to raise capital should they decide to switch to a semiannual reporting schedule.
Bank of America's $1.2 billion deal with the U.S. Treasury Department over anti-money-laundering failures has put compliance officers at financial institutions on alert about the perils they could face if they don't have empowered in-house investigators and proper oversight of technological systems for transaction monitoring.
Financial software company SS&C can pursue its suit alleging fintech firm Arcesium misappropriated trade secrets from its software program, Geneva, to build a rival product, Trinity, the Second Circuit ruled Tuesday.
The 2026 midterm elections included bids for office by several former U.S. Department of Justice officials and nominees for the federal bench, with one race a dead heat and several others decided as of early Wednesday.
Gibson Dunn is set to hire the U.S. and London-based private funds teams from Weil Gotshal & Manges LLP, bringing on 120 attorneys in the largest group move reported since Weil's management committee recommended last week that the firm wind down operations.
From BigLaw attorneys and solo practitioners to university professors, thousands of attorney volunteers turned out for Tuesday's midterm elections to ensure American voters' ballots would be counted.
Litigation funders can rest easy, for now, and the U.S. Chamber of Commerce will need to rethink its approach after last night's midterm elections saw Democrats rout Republicans, scrambling a yearslong effort for federal regulation of litigation finance that's so far relied on Republicans.
Democrats are poised to oversee a majority of state attorneys general offices around the country after Tuesday's elections saw the party hang onto all of its existing seats and flip control of five offices from the Republicans, according to unofficial election results.
Vedder's New York City staff will move to a new downtown Manhattan office sometime in 2027 after the law firm signed a 49,000-square-foot lease in a 2.6-million-square-foot office tower, according to landlord Rockefeller Group.
A leading in-house employment attorney for Amazon has departed to join Ogletree Deakins' Seattle office, bringing expertise helping Fortune 50 companies navigate workforce challenges to the firm.
