A Connecticut federal judge gave Digital Currency Group and its executives the green light to ask the Second Circuit whether certain cryptocurrency lending agreements amount to securities, waving on an appeal of a February order that kept alive a proposed class action over the collapse of DCG's crypto lending subsidiary.
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TOP NEWS

DCG Can Send Crypto Securities Question To 2nd Circ.

By Aislinn Keely

A Connecticut federal judge gave Digital Currency Group and its executives the green light to ask the Second Circuit whether certain cryptocurrency lending agreements amount to securities, waving on an appeal of a February order that kept alive a proposed class action over the collapse of DCG's crypto lending subsidiary.

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Ex-SVB Exec Recounts Pressure For 'More Yield' At FDIC Trial

By Bonnie Eslinger

Silicon Valley Bank's ex-head of corporate investments and capital markets testified in a deposition shown during a California federal bench trial Monday over the FDIC's claims the bank's brass mismanaged its assets, saying that he felt pressure from the bank's then-chief financial officer to add riskier, higher-yielding assets to the bank's securities portfolio.

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CFPB, CashCall Fight Sparks Bank Suit Over $144M Collateral

By Jon Hill

Lender CashCall's fight against a $157 million Consumer Financial Protection Bureau judgment has spawned a new lawsuit in California federal court, where an Indiana bank is now suing for guidance on what to do with millions in collateral that the agency wants to collect on.

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SUPREME COURT

Analysis

After Tense Terms, Hints Of High Court Harmony With Circuits

By Jeff Overley

Following several U.S. Supreme Court terms teeming with reversals and rebukes of lower appeals courts, the justices this term found fault less often with rulings by circuit judges, who are likely becoming better attuned to the conservative supermajority, attorneys say.

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Feature

The Funniest Moments Of The Supreme Court's Term

By Jeff Overley

When one of the U.S. Supreme Court's most talkative members suddenly struggled to speak, the atmosphere at oral arguments grew increasingly anxious — until the justice deadpanned that it was an advocate's golden opportunity to avoid a grilling.

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Analysis

The Moments That Shaped The Monsanto Decision

By Cara Bayles and Steven Trader

U.S. Supreme Court justices forged unusual alliances when they ruled a federal statute preempts claims Monsanto failed to warn consumers its Roundup weed killer may cause cancer. Oral arguments provided insights on the 7-2 outcome, highlighting issues the jurists were grappling with and showcasing rationales that found their way into the opinion.

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ENFORCEMENT & COMPLIANCE

RapidRuling Says NYAG's Fraud Suit Belongs In Federal Court

By Katryna Perera

An online arbitration platform sued by the New York attorney general has removed the case to federal court, saying the suit implicates questions relating to the Federal Arbitration Act.

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Chamber Urges 6th Circ. To Rule Against FDIC In Penalty Row

By Sarah Jarvis

The U.S. Chamber of Commerce has urged the Sixth Circuit to vacate a fine and industry ban leveled by the Federal Deposit Insurance Corp. against a former Michigan bank CEO, throwing its weight behind his challenge to the agency's use of in-house enforcement proceedings and pointing to the U.S. Supreme Court's Jarkesy ruling.

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LITIGATION

Stablecoin Issuer Looks To Confirm Award Against Investor

By Joyce Hanson

The issuer of a U.S. dollar-pegged stablecoin urged a Massachusetts federal court Monday to enforce arbitral awards it won against an investment firm and also to secure a declaratory relief judgment, claiming the Malta-based firm has a long history of market manipulation.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week handled disputes involving arbitration, corporate control, advancement rights, freeze-out mergers and insolvent company wind-downs.

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PEOPLE

Gibson Dunn Atty Rejoins SEC As Deputy Enforcement Chief

By Aislinn Keely

The U.S. Securities and Exchange Commission has hired an agency veteran and former Gibson Dunn & Crutcher LLP partner as deputy director of the SEC's Division of Enforcement, a spokesperson confirmed Monday.

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O'Melveny Lands Former McGuireWoods Attorney In NY

By Tracey Read

O'Melveny & Myers LLP announced Monday that it has hired a former McGuireWoods partner who represents financial institutions, broker-dealers, investment advisers and public companies in sensitive government investigations and inquiries.

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EXPERT ANALYSIS

New Va. Finance Laws Signal Consumer Protection Push

Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

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LEGAL INDUSTRY

Blank Rome Sued Over Breach Allegedly Affecting 57K People

By Steven Lerner

An attorney with Blank Rome LLP was tricked into uploading sensitive files to an external Google Drive account, allegedly exposing private information belonging to more than 57,000 individuals, according to a proposed class action accusing the law firm of inadequate cybersecurity safeguards and delayed breach notification.

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Richards Layton Faces Possible Sanctions Over AI Errors

By Rose Krebs

Richards Layton & Finger PA and one of its attorneys have been directed by the Delaware Court of Chancery to show why they should not be sanctioned for a brief submitted with "hallucinated legal propositions" generated by artificial intelligence and for not taking steps to remediate those errors.

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Partnership Docs Sealed In Clifford Chance Clawback Spat

By Ryan Boysen

A federal judge has sealed the partnership agreements that two ex-Clifford Chance LLP practice group heads who jumped to Sidley Austin LLP included in their lawsuit challenging a nearly $6 million clawback demand, after Clifford Chance claimed the tactics put it at a competitive disadvantage. 

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Murdaugh Fights Clerk's Bid To Ax Jury-Tampering Suit

By Emily Sawicki

A former court clerk found to have interfered in Alex Murdaugh's murder trial cannot escape civil claims over the tampering, the disgraced attorney told a South Carolina federal court, stating in an opposition that the clerk cannot argue her way out of the state Supreme Court's finding that she tampered with the jury.

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DOJ Looks To Block ABA's Trump Adviser Subpoenas

By Jack Karp

The American Bar Association cannot demand documents and deposition testimony from a Trump adviser in its lawsuit over the Trump administration's executive orders targeting law firms, since any communication between a presidential adviser and the chief executive is privileged, the government has told a New York federal court.

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Roc Nation Calls Out Alleged AI Citations In Fat Joe Case Brief

By Andrea Keckley

Roc Nation LLC has told a New York federal judge that plaintiff Terrance Dixon's opposition brief filed in a pending Rule 11 sanctions fight should be struck down in part because it includes what the company alleges are fabricated quotations attributed to real judicial decisions.

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Kasowitz Sued Over College Antisemitism Settlement Fees

By Adrian Cruz

A group of Columbia University students who reached a settlement with the school over alleged antisemitism on campus accused Kasowitz LLP of wrongfully taking over $6 million from the deal and engaging in "self-dealing and misappropriation."

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Split 5th Circ. Backs Bond Hearings For Immigrant Detainees

By Ganesh Setty

The Fifth Circuit has limited its recent decision permitting the federal government to subject unauthorized immigrants to mandatory detention without bond, finding such individuals are still entitled to an eventual bond hearing under their Fifth Amendment due process rights.

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GOP Bill Would Cement DOJ Fraud Division In Federal Law

By Courtney Bublé

A pair of House Republicans are looking to put a congressional stamp of approval on the new fraud division in the U.S. Department of Justice.

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Judge Says No To Amicus On Attorney Privilege In FTC Case

By Nadia Dreid

A defense bar advocacy group will not get a chance to weigh in on the FTC's antitrust case against Amazon over allegations the e-commerce behemoth used attorney-client privilege to hide evidence from discovery after a Washington federal judge declined to hear from the group.

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Nadine Menendez's Attys Rebuked For Medical Disclosures

By Carla Baranauckas

A New York federal judge rebuked Nadine Menendez's attorneys on Monday for publicly filing a request to delay her surrender date that included "extensive intimate details" of her medical condition, calling the disclosure "astonishing" and ordering the parties to refile a redacted version by Wednesday.

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COMPANIES IN TODAY'S NEWS

Affordable Care LLC

Amazon.com Inc.

American Bar Association

American Immigration Council Inc.

Barnard College

Circle Internet Financial LLC

Cisco Systems Inc.

ClearList LLC

Coinbase Global Inc.

Digital Currency Group Inc.

Financial Industry Regulatory Authority Inc.

Google LLC

Hard Yaka Inc.

JPMorgan Chase & Co.

Lawyers for Civil Justice

Liberty Media Corp.

LinkedIn Corp.

Merchants Bank of Indiana

Meta Platforms Inc.

Microsoft Corp.

Monsanto Co.

New York City Bar Association

Peloton Interactive Inc.

ROC Nation LLC

Rock Creek Advisors LLC

SVB Financial Group

Space Exploration Technologies Corp.

Therapeutics Inc.

U.S. Chamber of Commerce

UCLA School of Law

University of Maryland Medical System

LAW FIRMS IN TODAY'S NEWS

ArentFox Schiff

Arnold & Porter

Ashurst Perkins

Atkinson Andelson

Bailey & Glasser

Barnes & Thornburg

Bienert Katzman

Bingham McCutchen

Blank Rome

Cleary Gottlieb

Clement & Murphy

Clifford Chance

Covington & Burling

Cozen O'Connor

Day Pitney

Dechert LLP

Duane Morris

Gibson Dunn

Griffin Humphries

Herrick Feinstein

Jenner & Block

Jones Day

Kaplan Fox

Kasowitz LLP

Keker Van Nest & Peters

Keller Postman

Kirkland & Ellis

Latham & Watkins

McDonald Carano

McGuireWoods

Morgan Lewis

Morrison & Foerster

O'Melveny & Myers

Outside Legal Counsel PLC

Paul Hastings

Paul Weiss

Proskauer Rose

Quinn Emanuel

Redgrave LLP

Reed Smith

Richard A. Harpootlian PA

Richards Layton

Sidley Austin

Silver Golub

Skadden Arps

Strauss Borrelli

Susman Godfrey

T. A. Blackburn Law PLLC

Tacopina Seigel

Troutman

Watstein Terepka

Weil Gotshal

Wilkinson Stekloff

Williams & Connolly

Willson Jones

WilmerHale

Woods Rogers

GOVERNMENT AGENCIES IN TODAY'S NEWS

Consumer Financial Protection Bureau

Delaware Court of Chancery

Executive Office of the President

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Food and Drug Administration

New York Attorney General's Office

U.S. Attorney's Office for the Southern District of New York

U.S. Attorney's Office for the Western District of Texas

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of South Carolina

U.S. District Court for the Eastern District of Pennsylvania

U.S. District Court for the Northern District of California

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Washington

U.S. Environmental Protection Agency

U.S. Securities and Exchange Commission

U.S. Supreme Court