Circle is facing a proposed class action from a Missouri crypto user who accused the stablecoin issuer of failing to intervene and freeze assets as unknown hackers drained an estimated $280 million in digital assets from crypto project Drift Protocol in an April Fools' Day exploit.
Circle is facing a proposed class action from a Missouri crypto user who accused the stablecoin issuer of failing to intervene and freeze assets as unknown hackers drained an estimated $280 million in digital assets from crypto project Drift Protocol in an April Fools' Day exploit.
The Second Circuit upheld convictions and judgments for defendants behind a $58 million IcomTech cryptocurrency Ponzi scheme after rejecting their arguments that there's no evidence they knew it was a fraud, ruling Wednesday "sufficient red flags existed" for the lower court to properly provide a "conscious avoidance" jury instruction.
A Chapter 7 malpractice suit brought by the trustee of fintech company GloriFi asserting $1.7 billion in damages from a failed initial public offering mostly survived a motion to dismiss late Tuesday, with a Texas bankruptcy judge saying the trustee sufficiently pled breach claims against law firm Winston & Strawn.
A cryptocurrency wallet platform seeks to enforce its $175 million deal to purchase a global payments company, accusing the company and its owner of "a blatant, reckless, and improper campaign" to keep the sale from closing.
President Donald Trump expressed support Wednesday for the U.S. Department of Justice continuing to investigate Federal Reserve Chair Jerome Powell over the Fed's headquarters renovation, saying the government must "find out what happened" with the project's $2.5 billion price tag.
Short-term cash advance company Brigit has said it will appeal a New York federal judge's refusal to dismiss a proposed class action alleging it overcharged military borrowers with its "Instant Cash" earned-wage advances, which the judge ruled qualified as consumer loans under federal law.
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Remarks made by Commodity Futures Trading Commission Chair Michael Selig at the Futures Industry Association's conference last month provided the most comprehensive articulation of his regulatory agenda and signaled a shift in the CFTC's regulatory posture, including a rare focus on agency coordination and support for digital asset innovation, say attorneys at Willkie.
The Consumer Financial Protection Bureau's recent conclusion that earned wage access is not "credit" for purposes of Regulation Z of the Truth in Lending Act improves on prior guidance on these products in several meaningful ways, say attorneys at K&L Gates.
U.S. Supreme Court Justice Sonia Sotomayor publicly apologized Wednesday for comments she made at a University of Kansas appearance earlier this month criticizing Justice Brett Kavanaugh.
U.S. Supreme Court Justice Ketanji Brown Jackson this week slammed her conservative colleagues' use of the court's emergency docket, which has repeatedly benefited the Trump administration, saying that such "scratch-paper" orders don't acknowledge the harms that can follow such decisions, making the orders "seem oblivious and thus ring hollow."
Federal class action filings spiked in 2025 after nearly a decade of relative stability, fueled by a surge in consumer protection lawsuits tied to data breaches, digital commerce and online accessibility claims, according to a new report from Lex Machina.
Hogan Lovells and Cadwalader said Wednesday that their partners have voted in favor of their merger ahead of the scheduled launch of the combined law firm on July 1.
President Donald Trump's nominee for the Eighth Circuit, who represented Trump in the two cases brought by writer E. Jean Carroll, came under scrutiny Wednesday for his affiliation with groups linked to longtime Federalist Society executive and Republican fundraiser Leonard Leo.
A New York bankruptcy judge disqualified law firm Jones Day from representing talc producer Vanderbilt Minerals in its Chapter 11 case Wednesday, saying the firm's prior work for the larger Vanderbilt corporate family raises questions about its disinterestedness.
California's highest court on Wednesday ordered the disbarment of California attorney John Charles Eastman, who a state bar court found had helped plan and promote President Donald Trump's strategy to overturn the 2020 presidential election.
A Manhattan federal judge on Wednesday revived an effort by civil rights groups to block immigration courthouse arrests, citing what he called an apparently deceptive Trump administration move to disclaim its earlier litigation position.
Historians are asking a D.C. federal judge for an injunction that would force the Trump White House to preserve official records after administration attorneys declared the Presidential Records Act unconstitutional.
A California federal judge hit a U.S. Department of Justice attorney with a $250 sanction for repeatedly missing deadlines in a noncitizen's habeas corpus case, rejecting his assertions that his need to juggle tasks under a 300-plus caseload should excuse him.
The New Jersey Supreme Court announced this week the lineup of a new committee that will consider disbarred attorneys' applications for readmission, with a former state court judge of over 20 years at the head of the board.
