SEC Brings Fraud Suit Over Bitcoin Latinum Crypto Offering

By Aislinn Keely

The U.S. Securities and Exchange Commission on Friday brought a fraud suit over a crypto project known as Bitcoin Latinum, accusing its founder and affiliated business entities of bilking investors out of $16 million with false claims that the token would be insured and "asset-backed."

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Caitlyn Jenner's Crypto Token Isn't A Security, Judge Says

By Katryna Perera

A California federal judge has permanently tossed a proposed class action against Caitlyn Jenner over the $JENNER cryptocurrency token she created and promoted, finding that the digital assets in question are not securities.

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WDTX Jury Clears Bitcoin Mining Co. In Patent Suit

By Adam Lidgett

A federal jury in the Western District of Texas let bitcoin mining company Riot Platforms off the hook Friday when it found the company didn't infringe a patent owned by Green Revolution Cooling Inc. covering ways to cool down electronics at data centers.

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4 Firms Lead Kraken's $550M Buy Of Crypto Derivatives Biz

By Aislinn Keely

Four firms including Haynes Boone and Jones Day guided Kraken's $550 million acquisition of regulated crypto derivatives exchange Bitnomial, according to a Friday announcement from Kraken.

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CFPB Could Soon Issue Overhauled Small-Biz Loan Data Rule

By Jon Hill

The Consumer Financial Protection Bureau is awaiting White House clearance to publish a final rule that would complete its revamp of small-business lender reporting requirements issued during the Biden administration, according to a new regulatory notice.

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Crypto Promoter Takes Plea In $45M CoinDeal Fraud Case

By Sydney Price

A Las Vegas man agreed to plead guilty in Nebraska federal court to conspiracy to commit mail and wire fraud for his role in a $45 million CoinDeal investment fraud scheme, admitting that he controlled company bank accounts that took in approximately $14.2 million in investor money obtained through false promises of huge returns.

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Ill. Judge Sentences Texas Man To 23 Years For Crypto Scam

By Celeste Bott

A Texas man has been sentenced to 23 years in prison by an Illinois federal judge for stealing more than $20 million from investors through a cryptocurrency scheme in which he falsely claimed his so-called Meta-1 Coin was backed by $1 billion in fine art and $44 billion in gold.

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Fintech Founder Can't Stay SEC Fraud Case Amid Countersuit

By Emilie Ruscoe

A fintech founder can't hit pause on U.S. Securities and Exchange Commission claims he defrauded investors in a special purpose acquisition company as another court weighs whether to toss his claims that the regulator sued him improperly during last year's government shutdown.

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GMO Trust To Pay $6.8M In Yen Stablecoin Loss Settlement

By Sydney Price

GMO-Z.com Trust has agreed to pay $6.8 million to end a class action from buyers of the GYEN stablecoin who say they suffered losses when the coin was "de-pegged" from the Japanese yen, according to a motion for final settlement approval.

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Polygon Says Ex-Execs Engaged In Self-Dealing

By Katryna Perera

Two former executives of artificial intelligence company Predicate Labs Inc. have been hit with a suit in Delaware Chancery Court alleging that following a $400 million acquisition of the company in 2021, the executives "began a campaign of self-dealings, intentional misrepresentation, deceptive inducement and willful breach."

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How Banks Can React To Risks In FinCEN Whistleblower Rule

Financial institutions should reassess and, if necessary, strengthen existing policies, procedures and other frameworks related to whistleblowers and internal reporting in light of the Financial Crimes Enforcement Network's recent proposal to formalize a whistleblower award program, say attorneys at Arnold & Porter.

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2 Discovery Rulings Break With Heppner On AI Privilege Issue

While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

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California Is Latest Battleground In Defining Access To Justice

By Brandon Lowrey

A pair of dueling California ballot initiatives both purport to increase consumers' access to justice — a righteous cause, most would say. If only the initiatives' backers agreed on what that means.

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Adams & Reese Sued For Malpractice Over $411M Injury Loss

By Lynn LaRowe

A scaffolding company has hit Adams & Reese LLP with a legal malpractice suit in Texas state court that accuses the firm of botching its defense in a Louisiana workplace injury case, leading to a roughly $411 million jury verdict and ultimately forcing the business to settle the matter for millions.

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Up Next At High Court: SEC And FCC Enforcement Authority

By Katie Buehler

The U.S. Supreme Court's final argument session of this term kicks off Monday, when the justices will consider the U.S. Securities and Exchange Commission's authority to seek disgorgement orders against alleged wrongdoers without proving investors were harmed. Here, Law360 breaks down the week's oral arguments.

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Polsinelli Sent Bogus Infringement Letters, Suits Say

By Elliot Weld

National law firm Polsinelli PC was accused of sending letters to two medical device companies with meritless claims of patent infringement, the companies claimed in a pair of malpractice suits.

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Another Record-Breaking Year For NY Lobbying: Watchdog

By Andrea Keckley

The amount of money spent on lobbying in New York state reached a new high — again — in 2025 despite lower dollar amounts from that year's top spenders, a state ethics and lobbying watchdog said Thursday.

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NY High Court Suspends Judge Over Racist Remarks

By Elizabeth Daley

A veteran judge who used the N-word among colleagues and claimed in court that a Black defendant was likely to be violent and "played the race card" has been suspended without pay by New York's highest court.

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Roundup

Balancing The Scales: Juror Bias, First For Revenge Porn Law

By Orlando Lorenzo

The California Supreme Court tossed the conviction and death sentence in a double slaying over the trial court's failures to investigate claims of juror bias, and an Ohio man is believed to be the first person in the nation convicted under a federal law intended to battle revenge porn.

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Alaska-Hawaiian Merger Judge Mulls DQ Over O'Melveny Ties

By Craig Clough

The parties in a consumer lawsuit challenging Alaska Airlines' 2024 acquisition of Hawaiian Airlines have been notified that the federal judge recently assigned to the case intends to disqualify himself unless they sign a waiver over one of his retirement accounts being tied to O'Melveny & Myers LLP, which is representing Alaska Airlines.

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Nussbaum-Linked Law Firms Hit Ch. 11 Facing Scheme Suits

By Vince Sullivan

Two commercial real estate law firms headed by Mark J. Nussbaum filed for Chapter 11 protection in New York, listing at least $353 million in disputed unsecured claims tied to the firms' hard money lending practices that have been described in litigation as a Ponzi scheme.

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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 Aston Martin file an appeal in a row with Chinese carmaker Geely over its winged logo for London black cabs, Ineos sue Ben Ainslie's America's Cup team for a £180 million ($244 million) boat, White & Case face a claim from two energy storage companies, and a golf tour company bring a claim against Saudi Arabia's sovereign wealth fund after the fund invested in its rival.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

New data found that some companies are being wary during the 2026 proxy season by negotiating deals behind closed doors rather than allowing shareholders to vote on issues. In the meantime, a report showed that the higher annual rate growth for outside counsel fees that began in 2022 has become the new normal. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Winston & Strawn LLP leads this week's edition of Law360 Legal Lions, after a New York federal jury found that Live Nation and its Ticketmaster subsidiary harmed competition in the live entertainment sector by willfully monopolizing ticketing services.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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