Soldier's Maduro Raid Betting Case Set For December Trial

By Stewart Bishop

A federal judge in Manhattan set a December trial date Monday in a "novel" and "complex" insider trading case against a U.S. Army soldier accused of unlawfully profiting off prediction market bets based on his knowledge of the January capture of deposed Venezuelan President Nicolás Maduro.

Read full article » | Save to favorites »

Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

By Dorothy Atkins

FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptocurrency exchange, according to the U.S. Department of Justice's Office of the Pardon Attorney.

Read full article » | Save to favorites »

Ad Watchdog Refers Kalshi For Refusing Influencer Ad Inquiry

By Aislinn Keely

An advertising industry self-regulatory body said Monday that it's referring Kalshi Inc. to regulators "for review and possible enforcement action" after the prediction market platform allegedly declined to answer an inquiry into whether it took steps to ensure its online promoters disclosed their ties to the firm when boosting it on social media.

Read full article » | Save to favorites »

NCUA Moves To Preempt Ill. Swipe-Fee Law For Credit Unions

By Jon Hill

The National Credit Union Administration moved Monday to shield federal credit unions from state-level efforts to limit swipe fees, issuing a fast-tracked rule that escalates national regulatory pushback against the Illinois Interchange Fee Prohibition Act.

1 document attached | Read full article » | Save to favorites »

Over 200 Crypto Orgs Urge Senate To Act On Clarity Bill

By Aislinn Keely

More than 200 crypto firms and industry groups are urging Senate leaders to set a full vote for the crypto market structure bill the Clarity Act.

Letter attached | Read full article » | Save to favorites »

Payment Co. Omitted Pay Info From Job Posts, Suit Claims

By Ben Adlin

Payment processor Vendara routinely omitted pay and benefits information from job postings in violation of Washington state law, an applicant has claimed in a proposed class action, alleging the missing information wasted his time and negatively impacted his earnings.

Complaint attached | Read full article » | Save to favorites »

Skadden-Led First Carolina Bank Unveils Plan For $82.5M IPO

By Brian Steele

First Carolina Financial Services Inc., a community bank with branches in four southeastern states, said Monday that it plans to offer 5.5 million shares at a price range of $14 to $16 in an initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Troutman Pepper Locke LLP.

Read full article » | Save to favorites »

Lessons For Banks From Recent FCA Enforcement Trends

While government relief programs rely on financial institutions in times of economic uncertainty, recent enforcement shows that a government partnership may not protect banks from liability involving False Claims Act missteps, say attorneys at O'Melveny.

Read full article » | Save to favorites »

Opinion

SEC Enforcement Reforms Must Address Post-Wells Limbo

The U.S. Securities and Exchange Commission's recent changes to how it notifies companies of a potential enforcement action fail to address what happens after the Wells process is over, highlighting the need for meaningful process reform that includes a formal closure determination, says Kimble Cannon at Mahdavi Bacon.

1 document attached | Read full article » | Save to favorites »

Gibson Dunn, PE Firm Pay Charity $1M For Knicks VIP Seats

By Dorothy Atkins

Gibson Dunn and private equity firm Veritas Capital split the $1 million winning bid for two "Celebrity Row" seats in a Knicks fundraiser ahead of Game 3 of the NBA Finals between the New York Knicks and the San Antonio Spurs, the team's parent company announced Monday.

Read full article » | Save to favorites »

Groom Law Joins Firms Matching New Milbank Associate Pay

By Tracey Read

Washington, D.C.-based Groom Law Group is the latest firm to match a new pay scale for associates that was set earlier this month by Milbank LLP, according to media reports Monday.

Read full article » | Save to favorites »

9th Circ. Judge Faces Inquiry, Charges After Idaho Altercation

By Lauren Berg

The Ninth Circuit on Monday identified a judicial misconduct complaint against U.S. Circuit Judge Ryan D. Nelson after he was charged with misdemeanor battery stemming from an argument in an Idaho Falls parking lot that ended with him allegedly stomping a man's eyeglasses on the asphalt.

2 documents attached | Read full article » | Save to favorites »

Analysis

How A Texas Pastor Beat Mark Zuckerberg In Landmark Trial

By Craig Clough

Jurors who reached a landmark $6 million verdict in March finding Meta Platforms Inc. and Google liable for harming a teen's mental health didn't find Mark Zuckerberg credible, an impression that the plaintiff's attorney Mark Lanier credited to putting the well-prepared executive off his guard.

Read full article » | Save to favorites »

King & Spalding May Be Sanctioned In $300M Fraud Lawsuit

By Aaron Keller

Two King & Spalding LLP partners face a sanctions hearing in a $300 million fraud lawsuit to determine whether they violated a rule requiring candor to the tribunal by falsely claiming attorneys for other parties were copied on letters to two Connecticut jurists, according to two state court orders.

2 documents attached | Read full article » | Save to favorites »

Another Lawmaker Joins Impeachment Push For Ga. Judge

By Courtney Bublé

A Republican House member on Monday introduced articles of impeachment for U.S. District Judge Eleanor Ross of the Northern District of Georgia after she was reprimanded for having sex with a police officer in her chambers within earshot of staff.

1 document attached | Read full article » | Save to favorites »

Colorado Gov. Signs Bill Banning Fee Sharing With Non-Attys

By Emma Cueto

Colorado has enacted a ban on lawyers sharing fees with nonlawyer-owned firms, such as alternative businesses in Arizona, as well as a prohibition on deals with managed services organizations that involve paying a percentage of firm income.

Read full article » | Save to favorites »

Brief

Todd Blanche Officially Nominated To Be AG

By Courtney Bublé

President Donald Trump on Monday officially nominated Todd Blanche to be attorney general.

Read full article » | Save to favorites »

Trump Taps DC Appeals Court Picks To Fill Final Vacancies

By Courtney Bublé

President Donald Trump has announced two picks for the D.C. Court of Appeals, which will fill the remaining vacancies on the District of Columbia's top court.

Read full article » | Save to favorites »

Mich. Dems Back Trump Judicial Pick After Blue-Slip Review

By Courtney Bublé

Michigan's Democratic U.S. senators, Gary Peters and Elissa Slotkin, announced on Monday they've returned their blue slips for the nomination of Michael Martin, a veteran career prosecutor, to be a judge in the Eastern District of Michigan.

Read full article » | Save to favorites »

Chapman Law School Dean Says He Was Fired For Being Gay

By Hailey Konnath

The former dean of Chapman University's Dale E. Fowler School of Law says the university unlawfully fired him because he's gay and married to a man, according to a complaint filed in California state court.

Complaint attached | Read full article » | Save to favorites »

NJ Senators Advance Litigation Funding Disclosure Bill

By Carla Baranauckas

New Jersey state senators on Monday advanced legislation that would require disclosure of third-party litigation funding agreements over the objections of trial lawyers and litigation finance representatives, who warned that the bill could discourage funding for plaintiffs involved in costly cases.

2 documents attached | Read full article » | Save to favorites »

Law Student's Kirk Comment Discipline Stays During Appeal

By Spencer Brewer

A Texas federal judge on Monday kept intact a reprimand against a law student who allegedly celebrated following the death of Charlie Kirk during an appeal, saying that the student "again seeks the wrong remedy" in her request.

Order attached | Read full article » | Save to favorites »

100+ Ex-Prosecutors Question Chicago US Atty's Leadership

By Celeste Bott

More than 100 former Illinois federal prosecutors issued a statement Monday saying there's been a "failure of leadership" in the U.S. attorney's office in Chicago and that "once-forbidden political considerations are infecting prosecutorial decisions" in the wake of an Illinois federal judge accusing the office of mishandling grand jury proceedings in a case against six immigration activists.

Statement attached | Read full article » | Save to favorites »

SCOTUSblog Founder Goldstein's Sentencing Delayed To July

By Jared Foretek

A Maryland federal judge has agreed to push SCOTUSblog founder Thomas Goldstein's sentencing to July, after federal prosecutors speculated that his defense attorneys might come to the previously scheduled June hearing and declare that they aren't ready to proceed.

Brief attached | Read full article » | Save to favorites »

Titan Of The Plaintiffs Bar: Lieff Cabraser's Elizabeth Cabraser

By Emily Field

When Elizabeth Cabraser began working with Robert Lieff as a clerk at his small practice in Northern California in the late 1970s, fresh out of law school, her job was to help him dispose of his remaining cases so he could retire early and become a winemaker.

Read full article » | Save to favorites »