Ex-Paxful CEO Charged Over Anti-Money Laundering Failures

By Aislinn Keely

Federal authorities have arrested the former CEO of now-shuttered crypto exchange Paxful and accused him of willfully failing to maintain anti-money laundering policies that enabled scammers and prostitution enterprises, newly unsealed court documents show.

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Analysis

How The SEC's New 'User-Friendly' Manual Provides Uniformity

By Jessica Corso

The U.S. Securities and Exchange Commission's recently announced updates to its enforcement manual largely standardize common practices at the agency, but former enforcement attorneys say the changes provide transparency to the investigative process in a few key ways.

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Binance Loses Bid To Arbitrate Proposed Securities Action

By Hailey Konnath

A New York federal judge on Thursday rejected Binance's request to force customers to arbitrate their proposed class action accusing the crypto exchange of improperly selling securities, ruling that customers weren't adequately notified of an arbitration clause added to its terms of use.

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Fed's Bowman Says Basel Redo Coming By End Of March

By Jon Hill

Federal Reserve Vice Chair for Supervision Michelle Bowman told senators Thursday that federal regulators plan to release a reworked Basel III endgame proposal in the next month, stressing that relaxing the capital treatment of mortgage activity will be one of its top goals.

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$100M AI Token Dump Suit Can't Be Heard In NY, Founders Say

By Emilie Ruscoe

Co-founders of a digital asset issuer and an associated crypto organization seek to shed a lawsuit accusing them of conspiring to improperly extract over $100 million from an open-source artificial intelligence coalition, arguing Wednesday that a Manhattan federal court doesn't have jurisdiction over the Romania- and Germany-based defendants or the decentralized organization.

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Fiserv Seeks Exit From Credit Union Security Flaws Suit

By Katryna Perera

Fiserv Inc. has urged a Florida federal judge to toss a credit union's suit claiming the payment systems company has allowed its online banking platform to be "repeatedly hacked, again and again," arguing the long-running contract between itself and the credit union does not obligate Fiserv to implement the security features the credit union is now demanding.

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LA Times Joins Ad Tech Antitrust Litigation Against Google

By Lauren Berg

The publisher of The Los Angeles Times on Wednesday threw its hat into multidistrict litigation targeting Google's advertising placement technology dominance, alleging that Google's monopolization forces publishers to sell ad space at depressed prices that boost the tech giant's profits while dramatically cutting revenue for publishers and Google's ad technology rivals.

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Brink's, NCR Ink $6.6B Deal As Sidley, King & Spalding Advise

By Al Barbarino

The Brink's Co. said Thursday it has agreed to purchase NCR Atleos in a cash-and-stock transaction valued at approximately $6.6 billion, with Sidley Austin LLP advising Brink's and King & Spalding LLP guiding NCR.

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Reforms To Bank Agency Appeal Processes May Boost Usage

The Federal Deposit Insurance Corp.'s and Office of the Comptroller of the Currency's recent proposed changes to their respective appeals processes are likely to increase banks' filing of supervisory appeals, thanks to the reinforcement that the appeals will not be met with retaliation, says Brendan Clegg at Luse Gorman.

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Series

Playing Piano Makes Me A Better Lawyer

Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

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Hub Hires: Seyfarth, Greenberg Traurig, Outside GC

By Chris Villani

Massachusetts may be buried under a blanket of snow, but the Boston legal market was anything but frozen in February. Seyfarth bolstered its depth in mergers and acquisitions, Greenberg Traurig snagged a benefits attorney, and Outside General Counsel hired a new managing partner.

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Elevate Expands Legal Reach With Mestel & Co. Acquisition

By Tracey Read

Legal software and services company Elevate has acquired legal recruitment firm Mestel & Co. to bolster its abilities to deliver top legal talent, Elevate said Thursday.

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Up Next At High Court: Drug User Gun Possession

By Katie Buehler

The U.S. Supreme Court will close out its February oral argument session by hearing its newest Second Amendment case over a federal law that prohibits drug users from possessing firearms, as well as a dispute over whether motor carrier brokers can be held liable for truck crashes under state law.

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Roundup

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

By Laura Stewart Liberty

This past week in London has seen Linklaters sue a shipping company, high-street clothing giant Urban Outfitters hit with an intellectual property claim, Ithaca Energy sue rival Chrysaor, and cabaret club magnate Alex Proud face legal action with his nightclubs in financial turmoil.

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Del. Supreme Court OKs Disputed Corporate Law Rework

By Jeff Montgomery

Delaware's Supreme Court upheld Friday hotly contested legislation approved by state lawmakers in 2025 that expanded liability shields for some corporate acts involving controlling stockholders or potentially conflicted officers or directors, and narrowed public access to some corporate books and records.

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Law360's Legal Lions Of The Week

By Kevin Penton

Milbank LLP, Wilson Sonsini Goodrich & Rosati PC and Akin Gump Strauss Hauer & Feld LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

A proxy season preview report showed that nearly three-quarters of shareholder proposals for annual corporate meetings among Russell 3000 companies this year have gone to a vote. The U.S. Department of Labor unveiled the details of a long-awaited proposed rule to replace a previous administration's regulation outlining how to decide if a worker is an employee or independent contractor. These are among the stories in corporate legal news you may have missed in the past week.

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Calif. Mass Tort Firm Drops Suit Against ABS Fee-Sharing Ban

By James Mills

A California mass torts firm seeking to overturn the state's law banning alternative business structure fee sharing with out-of-state law firms owned by nonattorneys dropped its suit Thursday, three months after filing it.

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Pro Bono Spotlight

NY Prisoner Gets Rare $600K Deal With Gibson Dunn's Help

By Parker Quinlan

A man incarcerated in a New York state prison who was placed in solitary confinement for over six years has obtained a $600,000 settlement after filing a pro se lawsuit that drew the aid of pro bono counsel from Gibson Dunn & Crutcher LLP.

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Optimum Says Apollo, BlackRock Bullied Kirkland Withdrawal

By Bryan Koenig

Optimum Communications is escalating its fight accusing Apollo, Ares, BlackRock and other financial giants of an illegal joint campaign constricting its ability to refinance debt, amending its New York federal court complaint to also accuse the companies of "bullying" Kirkland & Ellis LLP into withdrawing as its transaction counsel.

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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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