NJ Urges Justices To Resolve Kalshi Sports Betting Split

By Aislinn Keely

New Jersey regulators on Wednesday asked the U.S. Supreme Court to address the newly emerged circuit split around prediction market regulation, filing a long-awaited petition that challenged a Third Circuit decision blocking the state from pursuing Kalshi's sports event contracts as unlicensed bets.

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Linqto Founder Engineered $450M 'Pre-IPO' Fraud, Feds Say

By Pete Brush

The founder of Linqto, a bankrupt platform that allows investors to buy shares before their initial public offerings, was arrested in California Wednesday and charged in New York federal court with a $450 million price markup scheme.

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Mich. Judge Cites Risk To Public In Ban On Kalshi Sports Bets

By Alex Lawson

A Michigan judge bolstered the statewide ban on Kalshi's sports offerings Wednesday, ruling that the state's residents are still at risk of exploitation by the prediction market platform.

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JPMorgan Seeks Stay Of $20M Javice, Amar Fee Order

By Jarek Rutz

JPMorgan Chase & Co. urged the Delaware Chancery Court on Wednesday to pause enforcement of an order requiring it to advance more than $20 million in disputed legal fees to convicted Frank founder Charlie Javice and former executive Olivier Amar, arguing the bank could permanently lose the money before it gets a chance to challenge the ruling.

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GOP Bill Would Alter CFPB Funding, Curb Enforcement

By Sarah Jarvis

Two high-ranking Republican U.S. representatives have formally introduced legislation that would put the Consumer Financial Protection Bureau through the regular congressional appropriations process and establish a dedicated inspector general, among other changes.

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Clippers Fined $30M As Probe Uncovers Salary Cap Violations

By Alex Lawson

The NBA unveiled sweeping sanctions against the Los Angeles Clippers Wednesday, including a $30 million fine and a one-year ban for the team's owner, after an investigation uncovered evidence that the team violated the league's salary cap rules by arranging off-court business deals for its star forward, Kawhi Leonard.

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Crypto Mine Noise Suit Belongs In State Court, Neighbors Say

By Hayley Fowler

Residents of a North Carolina town suing over allegedly excessive noise coming from a nearby cryptocurrency mining and AI data center want their lawsuit bumped back down to state court, arguing the damages they're seeking fall short of the threshold required for federal jurisdiction.

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PayPal Lets Tech 'Invisibly' Track Venmo Users, Suit Says

By Katryna Perera

PayPal misled users about third-party tracking technologies embedded in its payment platform Venmo and how their personal information was disclosed to third parties, according to a new suit filed in California federal court.

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Snap Mobile Skims From Online Fundraisers, Donor Claims

By Ben Adlin

A Washington woman who donated through Snap Mobile's online fundraising platform filed a proposed class action claiming that the company deceptively skims up to 20% of donations as a platform fee on top of a 4% processing fee and a prepopulated "tip" that users must affirmatively decline.

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Brief

Trading Firm To Seek Justices' Input On Arbitration Questions

By Lauraann Wood

The Seventh Circuit said Wednesday that it will wait to make its arbitration rejection official so a Chicago trading firm can ask the U.S. Supreme Court to determine whether it was correctly ordered to litigate proposed class securities manipulation accusations.

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TabaPay Secures $155M As It Plans To Buy Transact Bank

By Jade Martinez-Pogue

Money movement platform TabaPay Inc., advised by Reed Smith LLP, on Wednesday revealed that it has received a $155 million strategic investment from Gibson Dunn & Crutcher LLP-led FTV Capital, while also unveiling plans to acquire Denver-based Transact Bank.

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3 Lessons From Crypto For Attys Entering The AI Space

Lawyers transitioning into roles at artificial intelligence companies can take several lessons from the evolution of the cryptocurrency space on how to manage regulatory ambiguity, weigh open-versus-closed technology models and build compliance safeguards as AI rules take shape, says Rebecca Rettig at Jito Labs.

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Illinois BNPL Law Casts Wide Net Over Loan Providers

A new Illinois law's broad definition of buy now, pay later providers under its new dedicated licensing and supervisory regime notably imposes conduct standards similar to other consumer credit regimes and aggressively looks through a wide range of business activities and arrangements, say attorneys at Ashurst Perkins.

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Quinn Emanuel, McDermott Hit By Data Breaches

By Lauren Berg

Quinn Emanuel Urquhart & Sullivan LLP and McDermott Will & Schulte LLP both recently suffered data breaches, adding to the dozens of cybersecurity incidents law firms in the U.S. have suffered in 2026.

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Analysis

Boutique Firms Emerge As Trump Admin's 'Achilles' Heel'

By Phillip Bantz

Less fearful of retribution than some of their BigLaw counterparts, small law firms are taking on an outsize role handling cases seen as adversarial to the Trump administration.

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Interview

Federal Judge Warns Threats Imperil Judicial Independence

By Carolina Bolado

U.S. District Judge Beth Bloom of the Southern District of Florida told Law360 that judges and members of the bar need to educate the public on the judiciary's important role in American democracy to combat increasing threats, speaking following the release of two reports this week that warn of safety concerns for judges and that defiance of court orders is undermining the federal judiciary's independence.

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Husch Blackwell Gets Early Win In Ex-Partner's 401(k) Suit

By Andrea Keckley

A Missouri federal court granted Husch Blackwell LLP an early win over a former employee's proposed class action alleging the firm illegally withheld retirement contributions and mismanaged its employee 401(k) plan, finding the ex-partner couldn't prove violations of federal benefits law.

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Former Girardi Keese CFO Drops Appeal Of 5-Year Fraud Term

By Emily Sawicki

The Seventh Circuit has granted onetime Girardi Keese financial chief Christopher Kamon's request to drop the appeal he lodged fighting an Illinois federal judge's order adding five concurrent years onto the 10 he is already serving for his role helping Tom Girardi, the head of the firm, steal millions from plane crash clients who settled cases in Chicago.

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Pirro Urges House Ethics Panel To Refer Crime Claims To DOJ

By Courtney Bublé

U.S. Attorney for the District of Columbia Jeanine Pirro has told the House Ethics Committee that as cases involving criminal misconduct come before it, her office should be involved too.

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Fox Rothschild Says Adult Day Care Suit Rehashes Claims

By Rose Krebs

Fox Rothschild LLP is urging a New Jersey state court to toss claims against the firm and one of its attorneys in a complaint related to the firm's prosecution of a fraudulent loan lawsuit that led to a $65,000 sanction against the firm.

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