Treasury Plan Would Map Boundaries Of US Stablecoin Market

By Jon Hill

The U.S. Department of the Treasury on Monday floated a proposal to set standards for how and when payment stablecoins may enter the U.S. market, moving ahead on a key unfinished plank of the emerging federal regulatory framework for the stable-value tokens.

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Kalshi Loses Bid To Block Conn. Enforcement

By Katryna Perera

A Connecticut federal judge has denied a bid from KalshiEX to keep offering sports contracts while it pursues an appeal before the Second Circuit, finding the prediction market's arguments for a stay had already been rejected by the court and that it has not shown it is likely to win on appeal.

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CFTC To Seek Feedback On AI Chip Futures

By Jessica Corso

The Commodity Futures Trading Commission is weighing the future of derivatives contracts that could offer artificial intelligence companies a way to hedge their bets on the cost of chips, with the CME Group recently asking for permission to launch such contracts.

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DOJ Charges Ga. Man Over $165M Crypto Ponzi Scheme

By Gina Kim

A serial "Ponzi-schemer" is charged with wire fraud for allegedly spearheading a $165 million cryptocurrency scheme that defrauded over 6,000 victims around the world and using the money to make alimony payments and buy expensive cars for his children, the U.S. Department of Justice announced Monday. 

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Rising Star: Sidley's Kristin Teager

By Lynn LaRowe

Kristin Teager of Sidley Austin LLP has represented Apple in a deal to make JPMorgan Chase the new issuer of its Apple Card, a transaction expected to bring more than $20 billion in card balances to Chase's platform, earning her a spot among the fintech practitioners under age 40 honored by Law360 as Rising Stars.

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Doxo To Pay FTC $2.1M Over Misleading Ads And Fees

By Sarah Jarvis

Doxo will pay $2.1 million to settle Federal Trade Commission claims that the online bill pay service and two co-founders misled consumers about fees and used deceptive advertising to impersonate billers, the commission announced on Monday, after a Washington federal judge granted partial summary judgment earlier this year.

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JPMorgan Loses State Trade Secret Claims In Data Suit

By Ivan Moreno

JPMorgan Chase Bank cannot pursue state law trade secret claims against a data analytics company over the alleged misuse of credit card data supplied for regulatory purposes, with a Delaware federal judge ruling Monday that the bank still hasn't tied that conduct to Delaware or Ohio.

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Recent OCC Charter Approvals Signal Fintech Momentum

The Office of the Comptroller of the Currency's recent charter approval for Circle, along with faster Federal Deposit Insurance Corp. review procedures, signals a more workable path to national bank and trust charters, meaning fintech firms should prepare regulator-ready applications and plan for intensified competition, say attorneys at Davis Wright.

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How Does In-House Pay Compare? Take The Law360 Survey

How do in-house salaries vary across industries, roles, and organizational revenue? What compensation tools are companies using to lure top talent? Help Law360 Pulse answer these questions and more in this year's In-House Compensation Survey.

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White House Aims To Shield Advisers Behind Law Firm EOs

By Emily Sawicki

The Trump administration and Justice Department "strongly object" to an Aug. 3 discovery order requiring them to name individuals involved in drafting and approving executive orders targeting law firms, amid their repeated refusal to hand over certain communications in a suit brought by the American Bar Association.

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Ex-DOJ Atty Says Trump's University Probes Were Political

By Hailey Konnath

Trump administration officials forged ahead with investigations into Harvard, Columbia and other universities despite its own lawyers raising legal concerns and, in some cases, finding "little to no factual predicate justifying opening them," according to a whistleblower disclosure from a former U.S. Department of Justice lawyer made public Tuesday.

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Troutman Sidelined Associate After Heart Attack, Suit Says

By Patrick Hoff

Troutman Pepper Locke LLP derailed an associate's career because he took medical leave to recover from a heart attack and spoke up about senior attorneys' fraudulent billing practices, according to a lawsuit filed Tuesday in New Jersey federal court.

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Trump Names 9 Judicial Picks Across 6 States

By Courtney Bublé

President Donald Trump announced nine nominees Tuesday for judicial spots in Florida, Texas, Louisiana, Kentucky, Oklahoma and Alaska. 

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Bot Errors Doom Expert's Credibility In Tainted-Supplement Suit

By Rachel Riley

A Washington federal judge Tuesday disposed of a U.S. Army nurse's lawsuit claiming supplement maker Thesis Nootropics sold products tainted with amphetamines, concluding that a key expert destroyed his credibility by submitting a report containing bot-generated false citations — much like errors for which the plaintiffs' counsel was recently sanctioned.

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Big Tech, PTAB Attys Urge Justices To Fix USPTO Power Grab

By Dani Kass

The Federal Circuit's refusal to curb the U.S. Patent and Trademark Office director's power over instituting Patent Trial and Appeal Board challenges has allowed leaders to "wreak havoc" without accountability, top tech companies have warned the U.S. Supreme Court.

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Quill & Arrow Says Ford Can't Rehash Lemon Law Fee Fights

By Linda Chiem

Quill & Arrow LLP has asked a California federal judge to dump a "retaliatory" lawsuit alleging the personal injury firm saddled Ford Motor Co. with high-priced legal bills for work purportedly handled by virtual assistants overseas or nonlawyers, saying the automaker is trying to chill product liability litigation.

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​​​​​​​Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court last week tackled disputes involving multibillion-dollar mergers, corporate oversight, founder control, SPAC litigation, commercial contracts and attorney fees.

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