Former CFTC Commissioner Among Trump's Picks For SEC

By Hailey Konnath

President Donald Trump on Thursday unveiled his picks for the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, notably nominating former CFTC Commissioner Kristin Johnson for a Democratic seat on the SEC.

Read full article » | Save to favorites »

Rent-To-Own Fintech Inks $183.5M Deal With AGs

By Brian Steele

The rent-to-own financing company Acima has reached a $183.5 million deal with 43 states to resolve claims that it misled consumers about the terms of its rental-purchase agreements and deceptively marked up prices, the Connecticut attorney general said Thursday.

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

Novig Can't Block NY From Enforcing Sports Betting Rules

By Katryna Perera

A New York federal judge has declined to block the state from enforcing gambling restrictions against prediction market Novig, finding that the platform's sports-related event contracts are not swaps under the Commodity Exchange Act and therefore can be regulated by the state.

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

CFTC Moves To Block CME, Others From Perpetuals Fight

By Aislinn Keely

The U.S. Commodity Futures Trading Commission has urged a New York federal judge to reject several briefs backing a challenge to the agency's approval of perpetual contracts tied to individual stocks, arguing "belated" submissions from critics like CME Group and Better Markets left the agency no time to respond.

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

CFPB Says Anti-Bias Rule Rollback Tracks Fair Lending Law

By Katryna Perera

The Consumer Financial Protection Bureau is urging a D.C. federal judge to uphold the recent rollback of fair lending regulations, arguing that consumer advocates' legal challenge largely boils down to policy disagreements that are insufficient to support claims of invalid rulemaking.

Summary Judgment attached | Read full article » | Save to favorites »

FBI Seizes $1.2B In Crypto Tied To Binance Heist

By Dorothy Atkins

The FBI has seized more than $1.2 billion of cryptocurrency recently stolen from the world's largest crypto exchange, Binance, according to an FBI statement Thursday — the same day Binance announced that it has replaced all assets stolen in the heist.

Read full article » | Save to favorites »

DraftKings Says Seminole Tribe Suit Threatens Fed. Markets

By Crystal Owens

DraftKings Inc. is seeking to remove a challenge from the Seminole Tribe of Florida to a federal district court, alleging the lawsuit is the Indigenous nation's latest effort to expand its gaming monopoly because it is "dissatisfied with the billions" it brings in from its tribal casinos.

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

DraftKings Sued Over Shifting Odds When Placing Sports Bets

By Alex Lawson

DraftKings is facing a proposed class action in Colorado federal court alleging the online sportsbook uses "deceptive interface design patterns" that lead bettors to place unintended wagers on live sport events.

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

8 Ways To Prep For Calif. Fair Mortgage Lending Exams

California financial institutions face a new fair lending examination framework in January that adds formal reviews for certain banks and makes violating applicable mortgage nondiscrimination laws independently enforceable under California banking statutes, say attorneys at Alston & Bird.

Read full article » | Save to favorites »

Are You Happy With Your In-House Role? Take Our Survey

Is your company giving you everything you need to succeed? What are some misconceptions about working in-house? Help Law360 Pulse answer these questions and more in this year's In-House Satisfaction Survey.

Read full article » | Save to favorites »

Crowell & Moring Finance Litigation Head Joins Norton Rose

By Andrea Keckley

Norton Rose Fulbright has welcomed the New York-based head of financial services litigation at Crowell & Moring LLP as a partner, saying his hire will bolster its services to corporations, financial institutions and private capital clients.

Read full article » | Save to favorites »

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen Olympic gold medalist Daley Thompson target gym chain Hybrid Fitness for an alleged breach of contract, investor claims continue to mount against building materials giant Kingspan, and real estate magnate Mike Kohan be sued by property lender Decama Finance.

Read full article » | Save to favorites »

Longtime DC Steptoe Partner Joins Potomac Law Group

By Jack Rodgers

An attorney who spent more than 28 years as of counsel for Steptoe LLP's complex commercial litigation team has moved to Potomac Law Group's office in Washington, D.C., the firm announced Friday.

Read full article » | Save to favorites »

Memories Of Weil: From Childbirth To The Lehman Bankruptcy

By Aebra Coe

Those who worked within the walls of Weil Gotshal & Manges LLP over its 95-year history have built up countless personal and professional memories. Here, six former attorneys and staff share some of their top memories.

Read full article » | Save to favorites »

Analysis

How AI Became The 'Backseat Driver' In Settlement Talks

By Chris Villani

Attorneys say the ubiquitous use of artificial intelligence by clients has put up barriers to resolving cases by giving litigants unrealistic expectations about their claims, introducing inaccurate or irrelevant case law, and making them second-guess their hired legal counsel more often.

Read full article » | Save to favorites »

Hall Booth Beats Appeal Over Failed DQ Bid In Med Mal Suit

By George Woolston

A New Jersey appellate panel rejected a bid to disqualify Hall Booth Smith PC from representing a hospital and healthcare company in a medical malpractice suit, finding that the firm's prior representation of another defendant in the case is not materially adverse to the interests of its current clients.

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

Law360's Legal Lions Of The Week

By Kevin Penton

DLA Piper and Bradley Arant Boult Cummings LLP lead this week's edition of Law360 Legal Lions, after a Massachusetts federal judge said she would reduce an $88 million verdict awarded to an Alabama couple in the first bellwether hernia mesh trial against Medtronic subsidiary Covidien LP.

Read full article » | Save to favorites »

Kasowitz Denies Columbia Students' Deal Overcharge Claims

By Adrian Cruz

Kasowitz LLP asked a New York state judge Friday to dismiss a suit by a group of Columbia University students accusing it of wrongfully taking more than $6 million from a 2025 settlement in a suit over alleged antisemitism on campus, calling the complaint a "publicity stunt" that fails to prove the firm engaged in malpractice.

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

Beltway Moves: Weil, Dechert, WilmerHale

By Alison Knezevich

Washington, D.C., attorneys from Weil Gotshal & Manges LLP continued to land new roles in some of the most recent legal industry hiring developments in the nation's capital.

Read full article » | Save to favorites »

Judge Says Email, Not Bias, Cost Public Defender His Job

By Kelcey Caulder

A federal magistrate judge recommended that the Georgia Public Defender Council be freed from an attorney's suit alleging he was fired for complaining about racial bias and then hit with a retaliatory bar complaint, finding that an email he sent to his colleagues was what actually led to his termination.

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

Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The top story of the week – the spy and romance thriller at AI chipmaker Nvidia – continues to unfold in layers, as the company hired Wachtell Lipton to probe its involvement in possible national security violations, saw its CEO resign in disgrace, tried to defend its general counsel's intervening in a related China inquiry, was pulled into congressional investigations, and faced an investor's lawsuit over the mess.

Read full article » | Save to favorites »

Western Va.'s Top Federal Prosecutor Latest To Face DQ Bid

By Jack Karp

The lawyer leading the U.S. Attorney's Office for the Western District of Virginia is the latest top federal prosecutor to have the legality of their appointment challenged in court, as a defendant in a gun case claims the office's leader was placed through a series of "machinations," "games" and "cynical measures."

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

ABA Council Backs Law School Course, Faculty Rule Changes

By Emma Cueto

The American Bar Association council that handles law school accreditation voted Friday to relax standards related to online course credits and courses taught by full-time faculty, requirements that critics have claimed contributed to higher tuition rates.

Read full article » | Save to favorites »

Fox Rothschild Fights Revival Of Malicious Prosecution Suit

By Rose Krebs

Fox Rothschild LLP is urging a New Jersey state court to deny an adult daycare company's bid to undo the toss of its malicious prosecution suit against the firm and one of its attorneys, saying the court didn't err in dismissing the complaint.

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

Mich. State Police Chief Can't Shake Ex-Aide's Distress Claim

By Melanie Dorsey

A Michigan State Police director must face an emotional distress claim brought by his former executive assistant, a state Court of Claims judge has determined, finding that she sufficiently alleged Col. James Grady threatened her with a baseless internal investigation unless she accepted a demotion reducing her hourly pay by $8.

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

How Nonprofits Are Adjusting To A New Pro Bono Landscape

By Alison Knezevich

Legal advocacy groups face a changed pro bono landscape during Trump's second administration. With some large firms avoiding cases against the federal government, nonprofit leaders say they are developing volunteer networks, relying on smaller shops and solo practitioners, and leaning more on their own staff attorneys to carry the pro bono load. 

Read full article » | Save to favorites »

AI Played Key Role In Miami Boat Crash Acquittal, Atty Says

By Carolina Bolado

Artificial intelligence tools played a key role from jury selection to closing statements in a recent high-profile criminal trial over a boat crash that killed one teenager and left another permanently disabled, the defense attorney who secured a not guilty verdict said Friday during a panel discussion in Miami on AI in litigation.

Read full article » | Save to favorites »

Mich. Tribal, State Courts Both Aim To Tackle Legal Deserts

By Susan Smiley

The newly named co-chairs of the Michigan Tribal State Federal Judicial Forum, Judge Carol Montavon Bealor and Judge Hannah Bobee, agree their respective court systems share one crisis: a lack of attorneys in rural areas.

Read full article » | Save to favorites »

Balancing The Scales: Trans Prisoner Care, Immunity In Mich.

By Orlando Lorenzo

The U.S. Supreme Court has allowed gender transition medical services to continue to be offered in federal prisons, and the Sixth Circuit ruled that prison officials in Michigan can't claim immunity from allegations that they knew of mold contamination that led to seizures and respiratory issues among incarcerated women.

Read full article » | Save to favorites »

Arizona Law Clinic Takes Legal Aid For Veterans On The Road

By Marco Poggio

Law students and their supervising attorneys drive hours from Tucson to bring free legal help to veterans in rural Arizona. On the Hopi Reservation, the University of Arizona's Veterans' Advocacy Law Clinic works with tribal partners to help veterans file disability claims and seek discharge upgrades that could open the door to benefits.

Read full article » | Save to favorites »

Raskin Seeks Judiciary Gavel, High Court Ethics Curbs

By Courtney Bublé

In making his bid to be elected House Judiciary chair, Rep. Jamie Raskin, D-Md., on Friday said ethics reforms for the U.S. Supreme Court are among his top priorities.

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

Goodwin Taps Simpson Thacher For Insider Trading Fight

By Chris Villani

Goodwin Procter LLP has hired Simpson Thacher & Bartlett LLP to represent it as an alleged victim of an insider trading scheme that Massachusetts federal prosecutors say was orchestrated by a former Goodwin associate, according to a Friday filing seeking to oppose the attorney's request for records in redacted filings.

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

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.

Read full article » | Save to favorites »