Fenwick Reaches $54M Deal To Exit FTX Litigation

By Aislinn Keely

Fenwick & West LLP will pay $54 million to resolve claims from spurned FTX Trading Ltd. investors, according to a new set of settlements that will also end investors' disputes with the collapsed cryptocurrency exchange's former auditor and a former NBA star who promoted the platform.

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Quinn Emanuel Sues To Collect $1.5M From Binance's Zhao

By Caroline Simson

Quinn Emanuel has filed suit in Washington, D.C., against former Binance CEO Changpeng Zhao, who was pardoned by President Donald Trump last fall, asking the court to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

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Conn. Tribes Seek Role In CFTC Betting Preemption Fight

By Aislinn Keely

The Mohegan Tribe of Indians of Connecticut and the Mashantucket Pequot Tribal Nation on Tuesday moved to intervene in the Commodity Futures Trading Commission's suit over Connecticut regulators' attempts to shut down certain prediction markets.

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BofA Borrowers Urge High Court To Revisit NY Escrow Suit

By Jon Hill

New York borrowers have urged the U.S. Supreme Court to again revive their claims for millions in mortgage escrow interest from Bank of America, arguing the Second Circuit's recent decision to free the bank for a second time still gets federal banking preemption wrong.

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MoneyLion Seeks To Shed Wash. Suit Over Referral Texts

By Emilie Ruscoe

Fintech platform MoneyLion is looking to escape proposed class claims that it has violated Washington state laws with its customer referral program, arguing the allegations fail to show that the company helped users send referral messages to nonconsenting third parties.

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Crypto Co. Partner Looks To Escape $58M Fraud, RICO Suit

By Sydney Price

The co-founder of a cryptocurrency data company accused by his former partner of a $58 million scheme to divert tokens offshore said the suit should be dismissed because it "impermissibly conflates" him with other business entities to bring additional contract claims.

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Treasury Proposal Maps Compliance Road For Stablecoins

Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter.

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Adapting To AI-Driven Scrutiny Of Foreign Asset Disclosures

As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons.

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Operational AI Washing: Fortifying The Disclosure Record

The same artificial intelligence-driven workforce narratives that once appeared in earnings calls and Form 8-Ks can easily become raw material for future operational AI washing claims, so companies must be careful when drafting public disclosures because winning a federal motion to dismiss starts months before a lawsuit is ever filed, say attorneys at Akerman.

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Analysis

Meet Biden's Attys Fighting DOJ Release Of Memoir Materials

By Jeff Overley

Former President Joe Biden has selected Hecker Fink LLP lawyers well acquainted with politically charged litigation for his extraordinary new lawsuit accusing the U.S. Department of Justice of orchestrating a congressional inquiry in order to divulge "highly personal" records to the Heritage Foundation.

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Chicago US Atty Revamps Grand Jury Rules After Misconduct

By Parker Quinlan

Chicago's top federal prosecutor announced on Wednesday a new suite of rules for how grand jury investigations are handled after an Illinois federal judge accused the prosecutor's office of misconduct in a case against six immigration activists.

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Pierce Atwood Rips Billionaire's 'Absurd' Suit Over Asset Sale

By Sydney Price

Pierce Atwood and two attorneys urged a Massachusetts federal judge to reject a Ukrainian billionaire's suit blaming them for a $1.8 billion damages order in investor litigation over the billionaire's failed biotech company, saying his own wrongdoing led to the judgment.

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Ex-Judges Urge Court To Scrutinize Trump-IRS Deal

By Jack McLoone

A group of 35 former federal judges pushed for a Florida federal court to reopen President Donald Trump's now-settled $10 billion tax leak case against his own Internal Revenue Service, alleging that Trump and the DOJ deceived the court.

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Trump Taps Ohio Appeals Judge For Federal Bench

By Courtney Bublé

President Donald Trump announced on Wednesday he's nominating state Judge Matthew Byrne as a U.S. district judge for the Southern District of Ohio.

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Perkins Coie Docs At Issue In Omani Co.'s Malpractice Case

By Sarah Jarvis

An Oman-based screw and nail manufacturer has urged a Washington state judge to force Perkins Coie LLP to hand over a trove of documents related to the firm's past work representing the Middle Eastern company in a U.S. Department of Commerce probe, saying more information is needed to assess the law firm's defenses against claims its mistakes cost the company hundreds of millions of dollars.

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ProPublica Denied Access To Ranbaxy Antitrust MDL Docs

By Gianna Ferrarin

A Massachusetts federal court denied ProPublica's bid to unseal court filings in settled multidistrict litigation alleging a subsidiary of Indian drugmaker Sun Pharmaceuticals illegally delayed market entry of generic drugs, ruling the nonprofit news organization's request came too late in the case.

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Titan Of The Plaintiffs Bar: Keller Rohrback's Gretchen Freeman Cappio

By Andrea Keckley

By the time Volkswagen was exposed for touting the low emissions of cars that secretly released nitrogen oxide pollutants up to 40 times the legal limit in the U.S., Keller Rohrback LLP's Gretchen Freeman Cappio knew she wasn't interested in defending corporate giants.

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