DCG Can Send Crypto Securities Question To 2nd Circ.

By Aislinn Keely

A Connecticut federal judge gave Digital Currency Group and its executives the green light to ask the Second Circuit whether certain cryptocurrency lending agreements amount to securities, waving on an appeal of a February order that kept alive a proposed class action over the collapse of DCG's crypto lending subsidiary.

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Ex-SVB Exec Recounts Pressure For 'More Yield' At FDIC Trial

By Bonnie Eslinger

Silicon Valley Bank's ex-head of corporate investments and capital markets testified in a deposition shown during a California federal bench trial Monday over the FDIC's claims the bank's brass mismanaged its assets, saying that he felt pressure from the bank's then-chief financial officer to add riskier, higher-yielding assets to the bank's securities portfolio.

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CFPB, CashCall Fight Sparks Bank Suit Over $144M Collateral

By Jon Hill

Lender CashCall's fight against a $157 million Consumer Financial Protection Bureau judgment has spawned a new lawsuit in California federal court, where an Indiana bank is now suing for guidance on what to do with millions in collateral that the agency wants to collect on.

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Analysis

After Tense Terms, Hints Of High Court Harmony With Circuits

By Jeff Overley

Following several U.S. Supreme Court terms teeming with reversals and rebukes of lower appeals courts, the justices this term found fault less often with rulings by circuit judges, who are likely becoming better attuned to the conservative supermajority, attorneys say.

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Feature

The Funniest Moments Of The Supreme Court's Term

By Jeff Overley

When one of the U.S. Supreme Court's most talkative members suddenly struggled to speak, the atmosphere at oral arguments grew increasingly anxious — until the justice deadpanned that it was an advocate's golden opportunity to avoid a grilling.

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Analysis

The Moments That Shaped The Monsanto Decision

By Cara Bayles and Steven Trader

U.S. Supreme Court justices forged unusual alliances when they ruled a federal statute preempts claims Monsanto failed to warn consumers its Roundup weed killer may cause cancer. Oral arguments provided insights on the 7-2 outcome, highlighting issues the jurists were grappling with and showcasing rationales that found their way into the opinion.

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RapidRuling Says NYAG's Fraud Suit Belongs In Federal Court

By Katryna Perera

An online arbitration platform sued by the New York attorney general has removed the case to federal court, saying the suit implicates questions relating to the Federal Arbitration Act.

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Chamber Urges 6th Circ. To Rule Against FDIC In Penalty Row

By Sarah Jarvis

The U.S. Chamber of Commerce has urged the Sixth Circuit to vacate a fine and industry ban leveled by the Federal Deposit Insurance Corp. against a former Michigan bank CEO, throwing its weight behind his challenge to the agency's use of in-house enforcement proceedings and pointing to the U.S. Supreme Court's Jarkesy ruling.

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Stablecoin Issuer Looks To Confirm Award Against Investor

By Joyce Hanson

The issuer of a U.S. dollar-pegged stablecoin urged a Massachusetts federal court Monday to enforce arbitral awards it won against an investment firm and also to secure a declaratory relief judgment, claiming the Malta-based firm has a long history of market manipulation.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week handled disputes involving arbitration, corporate control, advancement rights, freeze-out mergers and insolvent company wind-downs.

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Gibson Dunn Atty Rejoins SEC As Deputy Enforcement Chief

By Aislinn Keely

The U.S. Securities and Exchange Commission has hired an agency veteran and former Gibson Dunn & Crutcher LLP partner as deputy director of the SEC's Division of Enforcement, a spokesperson confirmed Monday.

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O'Melveny Lands Former McGuireWoods Attorney In NY

By Tracey Read

O'Melveny & Myers LLP announced Monday that it has hired a former McGuireWoods partner who represents financial institutions, broker-dealers, investment advisers and public companies in sensitive government investigations and inquiries.

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New Va. Finance Laws Signal Consumer Protection Push

Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

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Blank Rome Sued Over Breach Allegedly Affecting 57K People

By Steven Lerner

An attorney with Blank Rome LLP was tricked into uploading sensitive files to an external Google Drive account, allegedly exposing private information belonging to more than 57,000 individuals, according to a proposed class action accusing the law firm of inadequate cybersecurity safeguards and delayed breach notification.

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Richards Layton Faces Possible Sanctions Over AI Errors

By Rose Krebs

Richards Layton & Finger PA and one of its attorneys have been directed by the Delaware Court of Chancery to show why they should not be sanctioned for a brief submitted with "hallucinated legal propositions" generated by artificial intelligence and for not taking steps to remediate those errors.

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Partnership Docs Sealed In Clifford Chance Clawback Spat

By Ryan Boysen

A federal judge has sealed the partnership agreements that two ex-Clifford Chance LLP practice group heads who jumped to Sidley Austin LLP included in their lawsuit challenging a nearly $6 million clawback demand, after Clifford Chance claimed the tactics put it at a competitive disadvantage. 

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Murdaugh Fights Clerk's Bid To Ax Jury-Tampering Suit

By Emily Sawicki

A former court clerk found to have interfered in Alex Murdaugh's murder trial cannot escape civil claims over the tampering, the disgraced attorney told a South Carolina federal court, stating in an opposition that the clerk cannot argue her way out of the state Supreme Court's finding that she tampered with the jury.

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DOJ Looks To Block ABA's Trump Adviser Subpoenas

By Jack Karp

The American Bar Association cannot demand documents and deposition testimony from a Trump adviser in its lawsuit over the Trump administration's executive orders targeting law firms, since any communication between a presidential adviser and the chief executive is privileged, the government has told a New York federal court.

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Roc Nation Calls Out Alleged AI Citations In Fat Joe Case Brief

By Andrea Keckley

Roc Nation LLC has told a New York federal judge that plaintiff Terrance Dixon's opposition brief filed in a pending Rule 11 sanctions fight should be struck down in part because it includes what the company alleges are fabricated quotations attributed to real judicial decisions.

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Kasowitz Sued Over College Antisemitism Settlement Fees

By Adrian Cruz

A group of Columbia University students who reached a settlement with the school over alleged antisemitism on campus accused Kasowitz LLP of wrongfully taking over $6 million from the deal and engaging in "self-dealing and misappropriation."

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Split 5th Circ. Backs Bond Hearings For Immigrant Detainees

By Ganesh Setty

The Fifth Circuit has limited its recent decision permitting the federal government to subject unauthorized immigrants to mandatory detention without bond, finding such individuals are still entitled to an eventual bond hearing under their Fifth Amendment due process rights.

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GOP Bill Would Cement DOJ Fraud Division In Federal Law

By Courtney Bublé

A pair of House Republicans are looking to put a congressional stamp of approval on the new fraud division in the U.S. Department of Justice.

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Judge Says No To Amicus On Attorney Privilege In FTC Case

By Nadia Dreid

A defense bar advocacy group will not get a chance to weigh in on the FTC's antitrust case against Amazon over allegations the e-commerce behemoth used attorney-client privilege to hide evidence from discovery after a Washington federal judge declined to hear from the group.

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Nadine Menendez's Attys Rebuked For Medical Disclosures

By Carla Baranauckas

A New York federal judge rebuked Nadine Menendez's attorneys on Monday for publicly filing a request to delay her surrender date that included "extensive intimate details" of her medical condition, calling the disclosure "astonishing" and ordering the parties to refile a redacted version by Wednesday.

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