NY AG Sues Coinbase, Gemini Over Event Contract 'Gambling'

By Aislinn Keely

New York Attorney General Letitia James sued Coinbase and Gemini Tuesday, accusing them of "illegally running gambling operations" in the state through their prediction market offerings in twin actions that join a mounting pile of litigation between state gambling regulators and prediction market platforms.

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Kalshi, Tribes Must Weigh In On Pause For 9th Circ. Ruling

By Dorothy Atkins

A California federal judge on Tuesday ordered Golden State indigenous groups, KalshiEx Inc. and Robinhood to explain why their fight over allegedly illegal gambling shouldn't be paused pending the Ninth Circuit's decision in a case determining whether Nevada can enforce state gambling laws against prediction markets.

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US Lawmakers Float Path For Fintech Fed Accounts

By Aislinn Keely

Two federal lawmakers from California introduced a bipartisan bill on Tuesday that would create a path for nonbank fintechs to directly access the Federal Reserve's payment rails in the hopes of reducing bank fees and delays for consumers using payment apps.

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Jury Told Ex-Finance CEO Is The Fall Guy In $100M Fraud Case

By Stewart Bishop

Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.

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Warsh Rejects Claim He'd Be Trump's 'Sock Puppet' At Fed

By Jon Hill

Federal Reserve chair nominee Kevin Warsh sought at his Tuesday confirmation hearing to rebut Democratic accusations that he would be a White House "sock puppet," distancing himself from President Donald Trump's calls for rate cuts and downplaying their significance.

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Mass. Man Says Coinbase, Kraken Failed To Stop $500K Scam

By Julie Manganis

Cryptocurrency platforms Coinbase and Kraken failed to adequately protect a Boston man from a sophisticated "support" scam that led to the loss of $500,000, according to a lawsuit filed in Massachusetts state court on Tuesday.

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Crypto Trading App Statement Advances SEC's New Direction

While the U.S. Securities and Exchange Commission's staff statement from last week carving out an exemption from broker-dealer registration for crypto-trading apps isn't a formal or permanent rule, it's the clearest signal yet of a quickly emerging coherent regulatory framework for digital assets, says Stephen Aschettino at Fox Rothschild.

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How Cos. Can Prep For Conn. Data Privacy Amendments

Effective July 1, 2026, amendments to the Connecticut Data Privacy Act narrow the safe harbor for data used by banks, insurance companies and other financial services businesses, highlighting how state regulators plan to focus on how companies handle sensitive data and honor the data rights of the state's residents, say attorneys at Day Pitney.

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At The Fed. Circ., Means-Plus-Function Is Not Quite Dead

Recent Federal Circuit opinions confirm that means-plus-function claims continue to be drafted, issued, litigated and even infringed — but minding the restrictions imposed over the years by courts and statute requires three steps, says Jay Yates at Patterson & Sheridan.

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E-Discovery Quarterly: Recent Rulings On ESI Control

Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

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Norton Rose Faces $100M Suit Over Withdrawn Patent App

By Celeste Bott

Norton Rose Fulbright was sued in Illinois state court Tuesday by an advertising tech company claiming that the law firm mishandled a patent application and caused it to be deemed withdrawn, but kept the company in the dark about the loss of its valuable patent rights for over a year.

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Lockheed Birth Defect Trial Judge 'Disappointed' By Attys

By Cara Salvatore

A Florida federal judge said Tuesday he's "puzzled and disappointed" in counsel who appear "unprepared" on the eve of trial in a suit by children who blame their birth defects on Lockheed Martin's chemical handling practices at an Orlando defense system manufacturing and research facility.

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Hunter Biden Blasts Winston & Strawn Tactics In Fee Row

By Emily Sawicki

As a discovery dispute between Hunter Biden and Winston & Strawn LLP drags on amid a suit over allegedly unpaid legal bills, the former president's son accused the BigLaw firm, which once represented him in a Delaware criminal case and other matters, of resorting to "what is uncomfortably close to an ad hominem attack" against him.

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Analysis

Bondi's Proposed Rule Change May Shield Her In Ethics Case

By Phillip Bantz

A federal rule change that Pam Bondi proposed before she was fired as U.S. attorney general could stymie an ethics complaint against her in Florida, which is expected to be refiled after the state bar declined to take up the case during her tenure, experts say.

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Messner Reeves Accused Of $8.3M Trust Account Fraud

By Zach Dupont

Colorado law firm Messner Reeves LLP was hit with a lawsuit Tuesday in federal court from five businesses claiming it stole more than $8 million from them in a fraudulent loan scheme involving a now-defunct sports arena and hotel project in Las Vegas.

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Alston & Bird Says Goliath Investors Can't Claim Malpractice

By Carolina Bolado

Alston & Bird LLP urged a Florida federal court on Wednesday to toss a malpractice suit claiming the firm facilitated a $328 million cryptocurrency scam at Goliath Ventures Inc., arguing that the proposed class of Goliath investors who brought the suit were never clients of the firm.

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330+ Groups Urge DOJ To Restore Immigration Aid Staff

By Courtney Bublé

More than 300 legal services providers, faith-based institutions and community groups are calling on the U.S. Department of Justice to fully restore a program that allows nonlawyers to assist low-income and indigent persons in immigration proceedings.

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Acting DOJ Inspector General Tapped For Permanent Post

By Jack Karp

President Donald Trump has nominated the U.S. Department of Justice's acting inspector general, who investigated the FBI's probe into Trump's links with Russia, to remain in that role on a permanent basis, according to a White House announcement.

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Paint Co. Says Injury Firm Used Stolen Data To Solicit Clients

By Abigail Harrison

A paint company has asked a North Carolina federal court to boot the opposing counsel in a putative data breach class action, accusing them of finding stolen data on the dark web and using it to solicit potential plaintiffs before victims were even notified of the breach.

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