Polymarket Tricks Young People Into Gambling, Suit Says

By Aislinn Keely

An association of attorneys and consumer advocates accused Polymarket and its executives Friday of crafting "flagrantly deceptive and unfair marketing" that draws Americans, especially college students, to its prediction market platform.

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CashCall Accuses Vought's CFPB Of Settlement Rug Pull

By Jon Hill

Lender CashCall Inc. has accused the Consumer Financial Protection Bureau of unfairly walking away from negotiations to reduce its $157 million enforcement judgment in California federal court, detailing behind-the-scenes talks that include claims the agency's top lawyer was initially angry with the company for hiring appellate attorney Paul Clement for its defense.

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SEC, CFTC Seek Input To Align Portfolio Margining Rules

By Aislinn Keely

The U.S. Commodity Futures Trading Commission and U.S. Securities and Exchange Commission on Friday issued a joint call for feedback on ways they can align their respective portfolio margining requirements to clear the path for leveraged trading involving both equities and derivatives markets.

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Kalshi Loses Bid To Keep Mich. Gambling Suit In Fed. Court

By Katryna Perera

A Michigan federal judge has remanded to state court a suit by Michigan's attorney general against Kalshi over claims the prediction market platform is violating state gambling laws, finding Kalshi failed to sufficiently argue that the suit should remain in federal court.

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High Court To Issue Big Decisions In Term's Final Days

By Katie Buehler

As the U.S. Supreme Court enters the final days of its term, the justices still have several major decisions to issue, including some concerning birthright citizenship, the president's power to remove independent agency officials, transgender athletes and election rules. 

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PACER Fees Will Rise To Fund Cyber Defense Upgrades

By Bonnie Eslinger

The federal judiciary announced Friday it will temporarily increase the fees for electronic access to court records to pay for a potential $800 million upgrade that will modernize and strengthen court records systems PACER and CM/ECF, an upgrade it previously said is needed to respond to escalating cyberattacks.

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Fintech Execs Tell 11th Circ. Token Wasn't Security

By Carolina Bolado

Two former executives at fintech company Hydrogen Technology Corp. have asked an Eleventh Circuit panel to vacate their convictions and sentences, arguing there was insufficient evidence to support the charges that they conspired to manipulate the market for Hydrogen's digital assets.

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'OnlyFake' Website Creator Headed Home After Year In Jail

By Pete Brush

A Manhattan federal judge put a technology developer from Ukraine on track to fly home Friday, calling the year he has already spent behind bars sufficient punishment for operating an artificial intelligence-driven identification-faking website called "OnlyFake."

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Ex-Celsius Exec Fights For Share Of D&O Defense Fund

By Danielle Ferguson

A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal case in which he pled guilty to manipulating the price of the firm's crypto token.   

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

The past week in London has seen Michelle Mone sued by PPE Medpro, Broadfield Law sued by the founders of an international aid company, and litigation funder Fortress bring a claim against Edwin Coe and businesses the law firm represented in a cartel claim.

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Don't Miss It: Sidley, Cooley Steer Hot Deals

By Jade Martinez-Pogue

A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Sidley Austin LLP and Cooley LLP.

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Assessing Issues The CFTC's Sports Betting Rules May Face

The U.S. Commodity Futures Trading Commission recently proposed a rule to consolidate its control of sports bets made on prediction market trading platforms, but problems may arise from possible conflicts between the proposed changes and state laws — and maybe even the Commodity Exchange Act itself, says David Slovick at Kopecky Schumacher.

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3rd Circ. Decision Sheds Light On BIPA Bank Exemption

The Third Circuit's recent decision in McGoveran v. Amazon illuminates how courts are extending the Illinois Biometric Information Privacy Act's financial institution carveout beyond banks and insurers to technology vendors and other businesses handling biometric data, a defendant-friendly shift that still casts uncertainty around BIPA's enforcement, say attorneys at Dorsey & Whitney.

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Opinion

State Courts Must Be Gatekeepers Of Expert Testimony

Based on my experience in the state judiciary, emulating federal courts' role as gatekeepers of expert witness testimony would help state court judges maintain the appearance of impartiality and assist juries, thus enhancing the overall confidence people have in their justice system, says Lorie Gildea at Greenberg Traurig.

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Q&A

This Pride Month, LGBTQ+ Bar Leader Talks Community, Hope

By Emma Cueto

In 2026, the LGBTQ+ Bar is focused on expanding programs, especially those focused on law students and younger attorneys, and building up community ties at a time of growing legal threats to LGBTQ people.

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Scientologists Want 'Ignored' Boies Schiller AI Errors Review

By Emily Sawicki

The Church of Scientology has asked the California Supreme Court to review an appellate order that didn't impose sanctions on Boies Schiller Flexner LLP for filing a brief containing artificial intelligence-generated citation errors in a harassment and retaliation suit pending against the church.

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King & Spalding Insists On Fraud Suit Pause Amid 'Conflicts'

By Brian Steele

King & Spalding LLP has urged a Connecticut state court to keep its involvement in a $300 million fraud lawsuit on hold while it challenges the denial of its attorneys' withdrawal from representing several individual defendants, citing "serious, nonwaivable conflicts of interest" that will prevent the firm from proceeding.

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Analysis

Bosch DOJ Declination Shows Benefits Of Early Self-Reporting

By Sarah Jarvis

The U.S. Department of Justice's recent decision not to prosecute German technology company Bosch for exporting products to a sanctioned Chinese company signals to businesses that prompt self-reporting to the government can help them secure a declination even for serious national security offenses.

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Trump Reportedly Mulls FCC Attorney For DOJ Antitrust Chief

By Matthew Perlman

President Donald Trump is reportedly preparing to nominate the Federal Communications Commission's general counsel to serve as the top antitrust official in the U.S. Department of Justice.

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Judge Stays Jackson Walker RICO Suit Over Sorrento Ch. 11

By Clara Geoghegan

A California federal judge has paused Sorrento Therapeutics shareholders' litigation after a Texas bankruptcy court ruled they lacked standing to pursue racketeering claims over a former Jackson Walker attorney's relationship with the judge who initially oversaw the biotech company's Chapter 11.

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Messner Reeves Says $8.3M Fraud Suit Repeats Utah Case

By Zach Dupont

Colorado law firm Messner Reeves LLP has claimed in federal court that a lawsuit accusing it of stealing more than $8 million as part of a fraudulent loan scheme should be dismissed because the plaintiffs' Racketeer Influenced and Corrupt Organizations Act claims were dismissed by another court with prejudice.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

A Connecticut federal judge told attorneys to challenge clients who demand use of generative artificial intelligence tools to conduct legal research, and a Kansas federal judge blocked a state law imposing requirements on proxy advisers' voting recommendations. These were among the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Clement & Murphy PLLC, Covington & Burling LLP and Bryan Cave Leighton Paisner LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court handed Monsanto a win in its long-running battle over the labeling of alleged cancer risks of its bestselling weedkiller Roundup.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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