Analysis

Prediction Markets Tumbling Toward Supreme Court

By Alex Lawson

The vast expanse of litigation over sports offerings on prediction markets was jolted by a Third Circuit decision in favor of Kalshi this week, likely further speeding the issue's already fast track to the U.S. Supreme Court.

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FDIC Stablecoin Plan Limits Yield, Pass-Through Insurance

By Aislinn Keely

The Federal Deposit Insurance Corporation on Tuesday floated stablecoin rules that would limit the extent of deposit insurance for holders of such tokens and ban certain interest-bearing arrangements with restrictions similar to a recent proposal from its sister banking regulator.

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2nd Circ. Says Unlicensed Bitcoin-Cash Swaps Can Be Crime

By Bonnie Eslinger

Exchanging bitcoin for U.S. currency can qualify as transferring funds under the criminal statute against operating an unlicensed money-transmitting business, the Second Circuit held Tuesday in an opinion backing the conviction of a man found guilty of laundering bitcoin that he was told came from drug sales.

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Feds Launch Bid To Revamp AML Framework For Banks

By Jon Hill

Federal regulators on Tuesday unveiled plans to overhaul rules that require banks and other institutions to maintain programs for detecting and preventing illicit financial activity, advancing a Trump administration push to streamline anti-money laundering compliance.

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Upstart Misled Investors On AI Model's Accuracy, Suit Alleges

By Katryna Perera

An investor of cloud-based artificial intelligence lending platform Upstart Holdings Inc. hit the company and its top brass with a proposed class action Tuesday, alleging they misrepresented the accuracy of the company's AI model and how it was affecting Upstart's revenues and growth.

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Crypto Host To Pay $6M For Using UK Miner's Equipment

By Katryna Perera

A Texas federal judge ordered a company that hosts cryptocurrency data centers to pay more than $6 million to a United Kingdom-based bitcoin mining company for illegally using its mining equipment and violating a contract between the companies.

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AI Recruiting Suit Shows Old Laws May Implicate New Tools

The Fair Credit Reporting Act allegations recently filed in Kistler v. Eightfold AI, are the latest example of broad definitional language in legacy statutes proving far more dangerous to companies deploying artificial intelligence – particularly in hiring – than any purpose-built artificial intelligence regulation, say attorneys at Ogletree.

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Series

NY Banking Brief: All The Notable Legal Updates In Q1

In the first quarter of 2026, New York's banking developments were headlined by initiatives to expand oversight of financial institutions and strengthen consumer protection laws, including a new framework for buy now, pay later lenders, a sweeping debt collection rule and a revised corporate self-disclosure program for financial crimes, say attorneys at Proskauer.

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2 Rulings Poke Holes In Mandatory Restitution Framework

The U.S. Supreme Court’s recent ruling in Ellingburg v. U.S., as well as the Third Circuit’s recent ruling in U.S. v. Abrams, provide criminal defense practitioners with new tools to challenge Mandatory Victims Restitution Act orders, and highlight several restitution-related issues that converged in the recent prosecution of former Frank CEO Charlie Javice, say attorneys at Lankler Siffert & Wohl.

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DLA Piper Offered Pregnant Atty 'Dignified' Exit, Jury Told

By Pete Brush

A former DLA Piper associate who claims she was unlawfully fired after announcing her pregnancy was offered a chance to transition out of the firm "without anyone knowing that her work was subpar," a partner told a Manhattan federal jury Wednesday.

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Spencer Fane Adds 75 Attys Through Tie-Up With Okla. Firm

By Tracey Read

Missouri-headquartered Spencer Fane LLP announced Wednesday that it plans to combine with Southwest firm Conner & Winters LLP on July 1 in its largest tie-up to date and its third already in 2026.

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DOJ's Lead Google Attys Both Leave Agency Same Day

By Bryan Koenig

The lead attorneys on both of the U.S. Department of Justice Antitrust Division's monopolization cases against Google left the agency Wednesday or said they would be doing so.

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Mich. Federal Judge Pleads No Contest In Drunk-Driving Case

By Gina Kim

A Michigan federal judge pled no contest Wednesday to a misdemeanor drunken-driving charge in Emmet County court in connection with an incident where he crashed his Cadillac and registered a 0.27% blood alcohol level, apologizing and saying he "looks forward" to continuing his judicial service.

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ABA, State Bars Blast DOJ Proposal To Block Bar Probes

By Emily Sawicki

The American Bar Association and a chorus of state and local bar groups have come out against a proposed rule that would allow the U.S. Department of Justice to pause and review state-level ethics complaints against its attorneys, calling the proposal "unlawful and unconstitutional."

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ABA Rates Montana Judicial Pick 'Not Qualified'

By Courtney Bublé

Katie Lane, senior legal counsel at the Republican National Committee who has been tapped for a federal judgeship in Montana, is the first nominee to receive a majority "not qualified" rating by the American Bar Association in the second Trump administration.

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NY Panel Backs DLA Piper's $482K Fee Win In Malpractice Suit

By Dorothy Atkins

A New York appellate court affirmed Tuesday the dismissal of a Chinese software company's legal malpractice suit against DLA Piper, along with a $482,000 sanctions order against the company and its counsel, noting that the company's frivolous claims also drew a $635,000 sanctions ruling in "mirror" federal court litigation.

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Bondi To Skip Epstein Deposition After DOJ Cites AG Exit

By Courtney Bublé

Former Attorney General Pam Bondi will not sit for her scheduled deposition next week on the Epstein files now that she has left the role, and the Justice Department has asked the House Oversight Committee to withdraw its subpoena.

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Trump Asks NY's Top Court To Toss AG's 'Flawed' Fraud Case

By Lauren Berg

President Donald Trump on Wednesday asked New York's highest court to throw out New York Attorney General Letitia James' "deeply flawed" civil fraud judgment entirely after a lower appellate court tossed what it called an "excessive" $489 million penalty against the president, his sons and his real estate companies.

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