CFTC Sues Ill., Conn., Ariz. Over Event Contract Enforcement

By Aislinn Keely

The U.S. Commodity Futures Trading Commission continued its bid to assert "exclusive jurisdiction" over prediction markets on Thursday with a trio of suits against Arizona, Connecticut and Illinois regulators over the states' attempts to shut down certain event contract trading as unregistered gambling.

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Coinbase Gets OCC's Nod For National Trust Charter

By Jon Hill

Coinbase said Thursday that it has received the Office of the Comptroller of the Currency's conditional approval to charter a national trust bank, a move that would position the crypto giant to broaden its business offerings under federal oversight.

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PayPal Hid Checkout Woes Before 20% Stock Drop, Suit Says

By Emilie Ruscoe

Payments giant PayPal faces a proposed investor class action alleging the company concealed slowing growth for its critical branded checkout business, precipitating a trading price drop when the company disclosed a growth decline at the end of 2025.

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Treasury Proposes State Stablecoin Rules Meet OCC Standard

By Aislinn Keely

The U.S. Department of the Treasury is seeking public feedback on a proposal that would counsel states to ensure their stablecoin regulatory regimes implement much of the Office of the Comptroller of the Currency's coming federal rules for issuers of the stable-value tokens.

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10th Circ. Agrees To Rehear Colo. Opt-Out Interest Rate Suit

By Rachel Konieczny

The Tenth Circuit agreed Thursday to rehear en banc banking groups' request for the court to take another look at their challenge to a Colorado law intended to curb high-cost lending in the state, vacating a November ruling that restored the law.

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Vedder Advises PE Firm L Squared On $2B Fund Close

By Nate Beck

Private equity firm L Squared Capital Partners said Thursday that it raised $2 billion in its fifth fund offering with advice from Vedder, targeting companies in sectors such as education and industrial technology.

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When AI Puffery Becomes Actionable Securities Fraud

Though courts usually hold that vague but optimistic corporate statements don’t constitute securities fraud, signs suggest that investors may give enough economic weight to references to artificial intelligence in public company disclosures that broad feel-good statements could cross into actionable misrepresentation, says Christine Polek at Keystone Strategy.

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Series

Calif. Banking Brief: All The Notable Legal Updates In Q1

As usual, California remained a hub for financial services activity in the first quarter of 2026, with key developments including the California Department of Financial Protection and Innovation's eye on consumer issues, a bill targeting "pig butchering" schemes, and jam-packed courts, say attorneys at Joseph Cohen.

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Series

Ultramarathons Make Me A Better Lawyer

Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

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Bondi Out As Attorney General After Contentious Time At DOJ

By Courtney Bublé

President Donald Trump announced on Thursday Attorney General Pam Bondi will be leaving her post. 

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Goldstein Allowed To Move Out After Marriage Falls Apart

By Jared Foretek

A Maryland federal judge on Thursday allowed SCOTUSblog founder Thomas Goldstein to relocate for the duration of his home confinement, after Goldstein's attorneys said his marriage had fallen apart and it no longer "makes sense" for Goldstein and his wife to share a residence.

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Raskin Blasts DOJ Bid To Shield Attys From State Bar Probes

By Courtney Bublé

Rep. Jamie Raskin, D-Md., ranking member of the House Judiciary Committee, said Thursday the U.S. Department of Justice's endeavor to preempt state bar investigations of department attorneys is a "get out of jail free" card.

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DLA Piper, Vax Refuser Reach Deal To End Religious Bias Suit

By Patrick Hoff

DLA Piper has struck a deal to wrap up a Christian former employee's lawsuit claiming he was fired for refusing to get the COVID-19 vaccine because of his religious beliefs, an Illinois federal judge said Thursday.

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Feds Say Habeas Ruling Could Spur More 'Illegal Orders'

By Jared Foretek

The Trump administration has asked the Fourth Circuit to reverse a district ruling that upheld a standing order from Maryland federal judges barring immediate removal or transfer of immigrant detainees, arguing the ruling sets a dangerous precedent for district court standing orders.

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Schneider Wallace Fights Uphill For Bigger Cut Of $75M Fees

By Bonnie Eslinger

A California federal magistrate judge appeared skeptical Thursday about Schneider Wallace Cottrell Kim LLP's bid to increase its cut of a $75.4 million fee award for representing plaintiffs in a $228.5 million Sutter Health antitrust deal, saying lead counsel Constantine Cannon LLP's allocation of $1.4 million to Schneider Wallace seems fair.

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Puerto Rico Bankruptcy Stymies Paul Weiss, ACLU Fee Bids

By Carolyn Muyskens

American Civil Liberties Union and Paul Weiss attorneys who successfully eased restrictions on voting by mail in Puerto Rico during the COVID-19 pandemic cannot collect fees for their work because they were discharged in Puerto Rico's bankruptcy proceeding, the First Circuit has ruled.

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Process Server ABC Legal Inks $2.5M Deal Over Cyber Breach

By Ben Adlin

Seattle-based ABC Legal Services LLC, which bills itself as the nation's largest network of legal process servers, would pay $2.5 million under a tentative deal to settle workers' putative class action claiming a 2024 cyberattack exposed their personal information, the plaintiffs told a Washington federal court Wednesday.

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Roundup

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

By Laura Stewart Liberty

The past week in London has seen data giant Sportrader face action from software company Altenar over alleged market abuse, Mexican billionaire Ricardo Pliego sue a man who allegedly defrauded him out of $415 million, and Warner Bros. bring a copyright claim against a YouTuber who leaked set footage of the upcoming Harry Potter series. Here, Law360 looks at these and other new claims in the U.K. 

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