CFTC Warns Platforms Against Broad Event Contract Filings

By Aislinn Keely

The U.S. Commodity Futures Trading Commission on Friday told prediction market platforms that it won't wave through "broad, template" filings seeking to certify a variety of event contracts at once.

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Calif.'s New Biz Agency Set To Target 'Corrupt Practices'

By Lauren Berg

Rohit Chopra, the first secretary of California's new Business and Consumer Services Agency, on Thursday asked consumers in the Golden State to send in tips about businesses that engage in dishonest pricing schemes, inflated fees and other "harmful and corrupt practices."

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Kalshi Wants NY Sports Wagers Shielded As Deadline Nears

By Alex Lawson

Kalshi is asking the Second Circuit for an emergency order to safeguard its sports-related contracts from New York regulators, which have promised to hold off on any enforcement actions against the company only through July 30.

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Analysis

DOL E-Delivery Push Pleases Mgmt. And Worker Attys Alike

By Kellie Mejdrich

Recently proposed U.S. Department of Labor regulations that would encourage e-delivery of employee health plan documents are winning plaudits from both sides of the benefits bar for potentially streamlining the process and augmenting online transparency. Here are three things to know about the DOL's proposal.

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Upstart Gets OCC's Conditional Approval For Bank Charter

By Jon Hill

Online lending platform Upstart has cleared a key initial hurdle at the Office of the Comptroller of the Currency in its bid to launch what it is calling the first national bank built with artificial intelligence-powered underwriting.

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Brief

CFTC Wants More Input On Energy Contracts, 24/7 Trading

By Sarah Jarvis

The U.S. Commodity Futures Trading Commission has extended the public comment period for its proposals on around-the-clock trading and perpetual contracts in the energy industry, offering additional questions for consideration following the regulator's "extensive conversations" with the industry.

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No Hack Involved In Alleged $53M Crypto Heist, Judge Hears

By Pete Brush

A Maryland man accused of hacking Uranium Finance to steal $53 million in cryptocurrency told a Manhattan federal judge Friday that the charges are faulty because he did nothing malicious with the exchange's code.

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CFPB Fair Lending Litigation Reveals Compliance Complexity

A recent legal challenge to the Consumer Financial Protection Bureau's fair lending amendments underscores continuing uncertainty over disparate impact liability, discouragement standards and special purpose credit programs, signaling that financial services providers should avoid hasty compliance changes, say attorneys at Weiner Brodsky.

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Goldstein Gets 6-Year Sentence, Bond Revoked

By Jared Foretek

Thomas Goldstein, the famed U.S. Supreme Court attorney and founder of SCOTUSblog whose turn into the world of ultra-high-stakes poker ultimately landed him federal tax and mortgage fraud convictions, was sentenced to six years in prison; he was taken into custody and out of court in handcuffs Friday.

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Disciplinary File Opened On Atty Repping Trump In IRS Fight

By James Boyle

A disciplinary file was opened recently on one of the attorneys representing President Donald Trump who helped him reach a deal with the Internal Revenue Service to settle a lawsuit that a Florida federal judge said was meant to "manipulate the judicial process."

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Patriot National CEO Wasn't Simpson Thacher Client, Jury Told

By Madison Arnold

Another Simpson Thacher & Bartlett LLP attorney took the stand Friday in a Florida malpractice trial brought by the founder of Patriot National Inc. to push back on the idea the founder was actually a client of the firm in the time leading up to his insurance services company declaring bankruptcy.

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Roundup

Balancing The Scales: Geofence Clarity, Post-Hunter Scrutiny

By Orlando Lorenzo

The U.S. Supreme Court deemed geofence warrants as searches under the Fourth Amendment, and the justices’ ruling in Hunter spurs a conversation of what the bar should be for criminal appeal waivers. Here, Law360 highlights access to justice stories arising from litigation, verdicts and judgments you may have missed.

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Feature

The White Collar Boutique 'Renaissance' Is Here

By Phillip Bantz

Unprecedented political pressure on BigLaw, dwindling opportunities at elite firms, powerful legal tech tools and broad slowdowns in white collar enforcement are fueling a remarkable boom in boutique law firm growth, experts say.

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Ex-Immigration Judge Says Firing Is Part Of Biased Anti-DEI Push

By Bonnie Eslinger

A former immigration judge has sued the U.S. Department of Justice in California federal court claiming she was pushed off the bench because she is Black and female, and previously advocated for immigrant clients as an attorney — and saying dozens of similarly situated judges were also fired or denied permanent positions.

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Ala. State Bar Sets Guidance For Atty AI Use, Billing

By Emily Sawicki

The Alabama State Bar has released a formal opinion to guide attorneys on the ethical use of artificial intelligence, cautioning lawyers to be transparent with their clients about their use of AI to avoid unethically inflated billing while encouraging attorneys to utilize the evolving technology.

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'False Innuendo': Sanctioned Davis Wright Atty Rips Fee Bid

By Jeff Overley

A Davis Wright Tremaine LLP partner sanctioned for subpoena tactics is fiercely contesting a plaintiffs firm's six-figure fee bid, telling a California federal court that the request misleadingly cites alleged misconduct in separate litigation, reflecting a "naked attempt to prejudice the court's view of counsel."

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Over 100 Legal Aid Staffers Strike In Harlem And The Bronx

By Andrea Keckley

Over 100 legal aid attorneys, social workers and advocates in Harlem and the Bronx went on strike Friday, with the possibility of more to come in the New York City area.

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Roundup

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

By Megan Norcott

The past week in London has seen financial advice firm Smith Square Partners sue ailing social housing company Home REIT, Pogust Goodhead hit with a contract claim by one of its investors, and Entain faced with its latest claim in expanding litigation linked to alleged bribery at its former Turkish business. Here, Law360 looks at these and other new claims in the U.K.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

General counsel are gearing up again to help their companies adapt to the impact of a new round of U.S. tariffs. And the chief legal officer of Alphabet and Google lashed out at the European Commission over search engine changes it is demanding, after the EU imposed a $1 billion fine on Google for violating competition laws.

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Law360's Legal Lions Of The Week

By Kevin Penton

Sullivan & Cromwell LLP and McGuireWoods LLP lead this week's edition of Law360 Legal Lions, after the Fourth Circuit reversed class certification in an investor lawsuit against Boeing over the company's alleged concealment of safety issues with its 737 Max fleet.

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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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