FTX Trust Hit With Sanctions After Ch. 11 Donation Fight Loss

By Vince Sullivan

The FTX Recovery Trust is facing sanctions after losing its bid to claw back a $650,000 bonus given to an employee of the defunct cryptocurrency exchange that was earmarked for charitable purposes, with a Delaware bankruptcy judge saying the trust's efforts were harmful to all parties involved.

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Mass. Judge Slams Brakes On Kalshi Sports Offerings

By Alex Lawson

Prediction market operator Kalshi will soon be barred from offering sports event contracts in Massachusetts after a state judge ruled Tuesday that the contracts are likely functioning as unlicensed sports wagering.

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Pump.Fun Faces Sanctions Bid Over Meme Coin 'Harassment'

By Aislinn Keely

The meme coin launchpad known as Pump.Fun is facing a sanctions demand for allegedly enabling an "escalating campaign of harassment and intimidation" that used mocking meme coins and threatening posts against lawyers and plaintiffs who are suing the platform.

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Trump's Bid For Fed Firing Faces Pivotal Supreme Court Test

By Jon Hill

As President Donald Trump's push to carry out the first-ever firing of a sitting Federal Reserve governor takes center stage at the U.S. Supreme Court, the stakes couldn't be higher: nothing less than control of the central bank is on the line.

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Martin Shkreli Can't Force Wu-Tang's RZA Into Album Fight

By Hailey Konnath

A New York federal judge has shot down Martin Shkreli's request to add Wu-Tang Clan rappers and producers RZA and Cilvaringz to litigation centered on the group's rare album "Once Upon a Time in Shaolin," slamming Shkreli's motion as "astonishingly devoid of support."

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Law360 Names Firms Of The Year

By Kevin Penton

Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.

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SEC Picks Kirkland Partner For Corp. Finance Deputy Director

By Sarah Jarvis

The U.S. Securities and Exchange Commission announced Tuesday that a Kirkland & Ellis LLP partner and counsel to a former commissioner will be deputy director of the Division of Corporation Finance.

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CFTC Chair Calls Up Ex-BigLaw Atty For Adviser Role

By Jessica Corso

U.S. Commodity Futures Trading Commission Chair Michael Selig on Tuesday appointed a former Simpson Thacher & Bartlett LLP crypto attorney and a former Treasury Department employee to advise him as he promised to update the agency's rulebook to "unleash innovation."

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FTC, Doxo Trade Blows In Online Consumer Deception Case

By Rachel Riley

As the Federal Trade Commission pushes for a pretrial win in its case accusing online bill pay platform Doxo Inc. of duping consumers into paying extra fees, the Seattle-based firm has called out the agency for "targeting a company for sticking up for itself" and seeking to bankrupt its executives.  

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Coinbase And Kalshi Contracts 'Siphoning' Money, Tribes Say

By Brian Steele

Battles between crypto titan Coinbase, derivative exchange KalshiEX LLC and Connecticut officials over the legality of sports-related event contracts directly impact "tribal sovereignty over gaming that occurs on Indian lands," a coalition of American Indian tribes and tribal associations told a federal judge in proposed amicus briefs that side with the state government.

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Investment Cos. Deny Funding Tribal Biz Sued For Payday Loans

By Joyce Hanson

Two investment firms have denied they secretly controlled a tribally affiliated short-term lending company that is being sued in North Carolina federal court by a class of borrowers who say it's handing out supposedly illegal payday loans that charge annual interest rates as high as 490%.

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Brief

Blockchain Co. Ran Covert Takeover Scheme, Suit Says

By Emilie Ruscoe

A digital infrastructure company on Tuesda sued a purported blockchain company and associated individuals, asserting they tried "to surreptitiously take over" the infrastructure company, filing misleading disclosures as they amassed shares of their target.

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2 Financial Companies Unveil Plans For Total $600M IPOs

By Jade Martinez-Pogue

Two private equity-backed financial-focused companies launched plans for their public debuts Tuesday, disclosing to U.S. regulators plans to raise a combined $600 million between the two initial public offerings.

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Ogletree Adds Federal Agency Vets As Practice Co-Chairs

By Andrea Keckley

Ogletree Deakins Nash Smoak & Stewart PC announced Tuesday that it has tapped a prominent U.S. Securities and Exchange Commission alum from Arnold & Porter Kaye Scholer LLP to co-chair its whistleblower and compliance practice group and a former U.S. Department of Justice litigator from Booz Allen Hamilton to co-chair its government contracting and reporting practice group.

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Key Changes In World Bank's New Compliance Updates

Recent updates to integrity guidelines for companies that bid and work on World Bank-financed projects are sufficiently extensive and unique that covered businesses must take proactive steps to map the changes against their existing compliance programs or risk severe business consequences, say attorneys at Steptoe.

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AG Watch: Calif. Fills Federal Consumer Protection Void

California's consumer protection efforts seem to be intensifying as federal oversight wanes, with Attorney General Rob Bonta recently taking actions related to buy now, pay later products, credit reporting and medical debt, consumer credit discrimination, and the use of artificial intelligence in consumer services, say attorneys at Cooley.

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Navigating Privilege Law Patchwork In Dual-Purpose Comms

Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business communications, and understanding the fragmented landscape is essential for managing risks, say attorneys at Covington.

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Firm Seeks To Toss Suit Alleging Hurricane Claim Fee Scheme

By Hope Patti

A law firm urged a Louisiana federal court Wednesday to toss a proposed class action over an alleged scheme to collect exorbitant fees on hurricane-related property insurance claims, saying the complaint fails to plead a certifiable class and involves a "smorgasbord" of individualized legal malpractice claims.

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Cozen O'Connor Brings On Ex-Federal Prosecutor In LA

By James Mills

Cozen O'Connor is expanding its West Coast team, bringing in a former assistant U.S. attorney as a member in its Los Angeles area offices.

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O'Melveny Corporate Finance Chair Hops To Pillsbury In NY

By Tracey Read

Pillsbury Winthrop Shaw Pittman LLP has boosted its debt finance capabilities by bringing on the former chair of O'Melveny & Myers LLP's corporate finance practice.

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House Speaker Johnson Supports Impeachment Of Judges

By Courtney Bublé

House Speaker Mike Johnson, R-La., on Wednesday threw his support behind efforts to impeach federal judges in Washington, D.C., and Maryland.

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NYC Indigent Defense Program In 'Crisis,' Task Force Reports

By Andrea Keckley

The New York City Assigned Counsel Plan, which provides lawyers to indigent people in criminal and family courts who can't be served by institutional legal service providers, is "in a state of crisis," a New York City Bar task force said in an interim report released Wednesday.

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Burford Capital Hires New Korea Exec Amid Growth Push

By Ryan Boysen

Burford Capital LLC has hired a new executive to oversee its operations in South Korea as the litigation funder aims to double its portfolio to roughly $15 billion by 2030, in part by expanding its geographic footprint.

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DOJ Outline of New Fraud Role Doesn't Mention WH Oversight

By Courtney Bublé

A U.S. Department of Justice official explained the parameters of the new role of assistant attorney general for fraud in a recent letter to Congress, obtained Wednesday by Law360, but did not mention the individual will be overseen by the White House, as the vice president previously said.

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Ballard Partners Led In Lobbying Earnings As Trump Returned

By Alison Knezevich

Ballard Partners more than quadrupled its annual federal lobbying revenue in 2025 amid President Donald Trump's return to office, surpassing the law firm policy practices that have led K Street in recent years.

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Robins Kaplan Name Partner Shaped Trial Firm's Identity

By Madison Arnold

Elliot Kaplan, a name partner at Robins Kaplan LLP who died this month after more than six decades with the firm, is being remembered for helping to build it into a national trial firm while also maintaining a jovial personality that endeared him to clients.

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Analysis

Nonprofits, Not BigLaw, Lead Legal Challenges To Trump

By Jack Karp

Public interest groups are handling a majority of the lawsuits filed against the second Trump administration, while most large firms remain on the sidelines, according to a review by Law360 of more than 400 lawsuits filed in the first year of Trump's second term.  

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Former SG Prelogar Joins Cooley Team On Trump EO Appeal

By Alison Knezevich

Former Solicitor General Elizabeth Prelogar has joined the legal team representing Jenner & Block LLP in its fight with President Donald Trump's administration over his executive order targeting the BigLaw firm, according to a new court filing.

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7th Circ. Cautions Pro Se Litigants To Avoid AI-Induced Errors

By Celeste Bott

The Seventh Circuit offered guidance to litigants using artificial intelligence while representing themselves in a ruling remanding a pro se plaintiff's civil rights case Wednesday, saying that AI has "great promise" for those who can't afford legal counsel, but that it doesn't abdicate them of their duty to avoid misrepresentations in court filings.

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After Turmoil, Connecticut Names New Chief Public Defender

By Elizabeth Daley

Following the 2024 ouster of Connecticut's chief public defender for misconduct, a state commission voted unanimously to appoint acting Chief Public Defender John Day to formally serve in the position, the commission's chair has announced.

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