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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Pregnant DLA Piper Atty Recounts Firing: 'This Feels Wrong'

By Pete Brush

A former associate who claims DLA Piper unlawfully fired her after she announced she was pregnant told a Manhattan federal jury Tuesday that she got positive feedback as she worked with large corporate clients and was "shocked" when she was terminated.

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Blanche Says Only Trump Knows Why Bondi's Leaving DOJ

By Courtney Bublé

Todd Blanche said on Tuesday he is now acting attorney general and no one, beyond the president, knows why Pam Bondi is out and he is in.

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Calif. Lawmakers Advance Bill To Curtail PE Role In Litigation

By Emily Sawicki

A California bill to ban corporate investors from influencing litigation strategy is heading to the state Senate, backed by bipartisan support from the Assembly.

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Top DOJ Immigration Atty Faces Ethics Complaint

By Jack Karp

The head of the U.S. Department of Justice's immigration litigation office has lied to judges, disobeyed court orders and failed to stop attorneys he supervises from engaging in misconduct in high-profile immigration cases, according to an ethics complaint filed Tuesday.

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Analysis

Habeas Orders Sharpen As Due Process Concerns Mount

By Britain Eakin

Federal judges are issuing increasingly detailed, critical and decisive orders for habeas relief in immigration cases, stepping in as what immigration experts say is a last resort check on a system viewed as having crumbling due process safeguards.

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DOJ Pushes To End Former Immigration Judge's Bias Suit

By Jake Maher

The U.S. Department of Justice moved to dismiss a former Ohio immigration judge's discrimination suit in D.C. federal court this week, calling the complaint "heavy on conclusory statements and speculation and light on allegations of fact."

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Calif. Atty Apologizes, Blames OpenCase For False Citations

By Matt Perez

A California attorney has filed a response to an order for potential sanctions over his alleged use of artificial intelligence, which resulted in false citations, saying the hallucinations appeared in a later draft after using OpenCase to perform a cite check.

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Audio

Approach The Bench: Judge Robinson On Community Court

By Cara Bayles and Steven Trader

Judge Devin Robinson's courtroom at the Red Hook Community Justice Center in Brooklyn looks and feels very different from the courthouse archetype.

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States, DC Back NY AG James In DOJ Probe Appeal

By Emily Sawicki

Backed by amici including the attorneys general of 20 states and the District of Columbia, New York Attorney General Letitia James is fighting the U.S. Department of Justice's bid to reopen an investigation into her office launched by a federal prosecutor found to have been serving unlawfully.

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