NY Gaming Commission Says Kalshi Is Defying Subpoenas

By Lauren Berg

Kalshi Inc. is unlawfully refusing to comply with subpoenas the New York State Gaming Commission needs to investigate the prediction market platform's potential violations of state gambling laws, the commission alleges, asking a state court in Manhattan to force the company to comply with the subpoena requests.

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Senate Dem. Presses Tether Over Ties To Ex-White House Aide

By Aislinn Keely

U.S. Sen. Richard Blumenthal, the leading Democrat on the Senate's Subcommittee on Investigations, is demanding records and information from Tether about the stablecoin issuer's relationship with former White House crypto aide Bo Hines, who is now the CEO of Tether's U.S. division.

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SEC To Check Firms' Preparedness For AI Cyberattacks

By Jessica Corso

The U.S. Securities and Exchange Commission said Friday that it plans to scrutinize financial firms' use of artificial intelligence in order to ensure that the companies are guarded against cybersecurity attacks.

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Feds Urged To Nix Bank Examiner Limits Over AI Cyber Risks

By Jon Hill

The Senate Banking Committee's top Democrat called Friday for federal banking regulators to scrap recent policies that raise the bar for issuing and escalating supervisory criticism at banks, warning they could obstruct oversight needed to stay ahead of rising artifical intelligence-enabled risks.

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Rhode Island AG Says Meta Profited From Scam Ads

By Craig Clough

Rhode Island sued Meta on Thursday for allegedly allowing fake or scam advertisements promoting everything from cryptocurrency schemes and purported miracle Alzheimer's cures featuring deepfakes of Meryl Streep to nudification apps to proliferate on its platforms while generating billions of dollars in revenue from them.

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Conn. Investment Adviser Admits To $3.3M Brokerage Fraud

By Brian Steele

A Connecticut investment adviser and broker-dealer faces up to 20 years in federal prison after admitting to causing $3.3 million in losses to three financial services companies by using fraudulent bank transfers to fund fruitless options trading.

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Nvidia Investors Ink Class Deal After Brief High Court Run

By Katryna Perera

Nvidia Corp. investors told a California federal judge that they've struck a deal with the chipmaker in a shareholder case that briefly went before the U.S. Supreme Court and that claims the company failed to inform investors about its reliance on the volatile crypto market.

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NYSE Owner's $6B MarketAxess Deal Clears US Review

By Matthew Perlman

Federal antitrust enforcers have ended their investigation of Intercontinental Exchange's planned $6 billion acquisition of fixed income trading platform MarketAxess Holdings Inc. after the companies gave enforcers more time to review the transaction.

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Crypto.com Hires Ex-Western Union Global Compliance Head

By Sarah Jarvis

Crypto.com said it has appointed Western Union's former global head of compliance to serve as chief compliance officer, a move the crypto exchange said supports its global expansion and consumer access after its former CCO departed for Binance Holdings Ltd.

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New Calif. Law Ties Finance Contracts To State Licensing

Under a California law taking effect in 2028, commercial financing licensing requirements have been substantially expanded — meaning that fintechs relying on limited regulatory enforcement will face risk from their own borrowers, who could use licensing failures to resist repayment, say attorneys at Husch Blackwell.

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4 Steps For Cos. Amid Russia Sanctions Law Uncertainty

Russian companies, their U.S. subsidiaries and businesses with Russian commercial relationships should take concrete steps to determine their exposure under ambiguous provisions of legislation that recently expanded the scope of U.S. sanctions, notwithstanding an Oct. 16 executive order waiving most of its restrictions, say attorneys at Wilk Auslander.

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Are You Happy With Your In-House Role? Take Our Survey

Is your company giving you everything you need to succeed? What are some misconceptions about working in-house? Help Law360 Pulse answer these questions and more in this year's In-House Satisfaction Survey.

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Weil Merger Talks With Willkie End, Another Partner To Leave

By Daniel Moritz-Rabson

Weil Gotshal & Manges LLP and Willkie Farr & Gallagher LLP have ended merger discussions and another top Weil partner is set to depart the firm, sources with knowledge on the matters told Law360 Pulse on Friday.

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Q&A

Holland & Knight Legal Profession Head On MSO Dealmaking

By Al Barbarino

Holland & Knight LLP partner Trisha Rich is at the forefront of the firm's work in a fast-growing corner of the legal industry, advising law firms setting up management services organizations, or MSOs, as well as the investors looking to buy into them.

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Trump Adviser Ducking Service In Exec Orders Suit, ABA Says

By Jack Karp

Trump attorney Boris Epshteyn has evaded service of subpoenas, so the American Bar Association should be allowed to pursue alternative means of serving him in its lawsuit over President Donald Trump's efforts to intimidate BigLaw firms, the organization is telling a Washington, D.C., federal judge.

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Mass. Judge Jailed Atty For 'Attitude,' Ethics Complaint Says

By Julie Manganis

A former Massachusetts state court judge placed a public defender into custody for hours over his "attitude" during a March 2025 hearing, the state's judicial conduct commission has said in a disciplinary complaint.

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SEC Fights LSU Claim That Case Citations Were 'Hallucinated'

By Alex Lawson

The Southeastern Conference is disputing claims that it submitted "hallucinated" case citations in its lawsuit challenging Louisiana State University's efforts to add former professional players to its sports teams, urging an Alabama federal judge to strike the allegations.

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Insurer Says NY Firm Staged Accidents For Suits

By Danielle Ferguson

A reinsurance company has filed another complaint accusing a New York personal injury law firm of recruiting workers to stage injuries in support of meritless claims, a few months after the Second Circuit dismissed similar claims because the insurer didn't have any direct injuries to bring a racketeering suit. 

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Ex-DOJ Officials And Judicial Nominees Vie For Office

By Courtney Bublé

Hundreds of candidates are on the ballot in the midterm elections, happening in less than two weeks, and among them are former U.S. Department of Justice officials and unsuccessful judicial nominees.

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9th Circ. Judge Hints Trump US Atty Firing OK Despite 'Chaos'

By Rachel Riley

A Ninth Circuit judge remarked on Friday that President Donald Trump's ouster of court-appointed Seattle U.S. Attorney Roger Rogoff has sown "chaos," but pushed back against Rogoff's contention that the move amounted to executive overreach, noting that the president already controls the office via the attorney general.

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NY Commercial Attys Must Justify Discovery Cost Bids Early

By Andrea Keckley

New York Courts Chief Administrative Judge Joseph A. Zayas said in an administrative order earlier this month that commercial litigators who want opposing counsel to fund some or all of the discovery process must state their basis for the request and provide a "good faith" estimate of the costs.

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Law360's Legal Lions Of The Week

By Kevin Penton

McGinn Montoya Love Curry & Sievers PA and DiCello Levitt lead this week's edition of Law360 Legal Lions, after a New Mexico federal judge ordered Meta to pay $25 billion over the lies that the social media giant offered the public regarding its data privacy practices.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Meta's legal chief says the company will appeal a $25 billion verdict involving data privacy practices including the Cambridge Analytica scandal. And a new study shows that while in-house starting salaries are staying stable, adding special skills like AI expertise can lift them higher.

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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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