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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Legal Sector Lost 700 Jobs In March, Ending Hiring Streak

By Tracey Read

The legal sector began to slow down in March after a year and a half straight of gains, with 700 fewer people employed in lawyer, paralegal and other law-related professional roles last month than in February, according to seasonally adjusted data released Friday by the U.S. Bureau of Labor Statistics.

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Progressive Org. Rolls Out $3M Anti-Trump High Court Push

By Courtney Bublé

President Donald Trump does not have any vacancies on the U.S. Supreme Court, but a progressive court advocacy organization is not waiting for a justice's departure to launch a multimillion-dollar campaign opposing a possible Trump pick.

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Brief

Justice Alito Treated For Dehydration After Federalist Event

By Courtney Buble

U.S. Supreme Court Justice Samuel Alito felt ill during a Federalist Society event last month and was seen by a doctor "out of an abundance of caution," the high court announced on Friday.

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Analysis

'Political' Deals Pit DOJ Against State AGs, And Not Just Dems

By Bryan Koenig

Controversial U.S. Department of Justice settlements with Hewlett Packard Enterprise and Live Nation, along with the approval of Nexstar's purchase of Tegna, are increasingly inspiring state attorneys general to strike out on their own as antitrust enforcers, often in direct challenge to a federal government that Democrats have cast as "corrupt."

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Florida Gov., AG Face Criticism For Judge Impeachment Push

By Rose Krebs

Florida Gov. Ron DeSantis and Attorney General James Uthmeier faced pushback this week from some in the state's legal community for calling for the impeachment of a judge for releasing a man who went on to allegedly kill his five-year-old stepdaughter, with critics blasting those calls as being politically motivated and "unethical."

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DOJ's New Corporate Enforcement Policy May Eclipse SDNY's

By Sarah Jarvis

The U.S. Department of Justice has put to use for the first time its new corporate enforcement policy of declining prosecutions when companies self-report potential criminal violations, but experts say the new, department-wide initiative has rendered a more business-friendly approach by the Southern District of New York moot.

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Ex-DOJ Official Wants Epstein-Talk Suit Kept In District Court

By Emily Sawicki

A former U.S. Department of Justice acting deputy chief who was fired last year after a hidden-camera video of him discussing the Epstein files was posted online has told a D.C. federal judge his due process case must survive in district court because the Trump administration now controls federal oversight agencies.

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Trump Seeks 13% Boost In DOJ Funding

By Courtney Bublé

The White House budget request for fiscal 2027, released on Friday, seeks $40.8 billion in discretionary funds for the U.S. Department of Justice, a 13% increase from the current year level.

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Judge Stands By Block Of DOJ Subpoenas In Powell Probe

By Jon Hill

A Washington, D.C., federal judge on Friday rejected a U.S. Department of Justice attempt to revive subpoenas from its investigation into Federal Reserve Chair Jerome Powell, saying the government hadn't "come close" to giving him a reason to rethink blocking them.

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Schneider Wallace Loses Bid For Bigger Piece Of $75M Fee

By Lauren Berg

A California federal magistrate judge on Friday rejected 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 was fair.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

PayPal was hit with a proposed investor class action that claims the payments giant hid slowing growth for its critical branded checkout business. In the meantime, a Shopify lawyer encouraged his peers during a webinar to make sure their outside counsel have "met the moment" by leveraging artificial intelligence in smart ways. 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

Alliance Defending Freedom, Pearman Law Firm PC and attorney Barry Arrington lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that a Colorado ban on therapy intended to change a minor's sexual orientation or gender identity amounts to viewpoint discrimination against a Christian therapist.

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