Treasury Seeks Input On Tech To Combat Crypto Crimes

By Aislinn Keely

The U.S. Department of the Treasury on Monday asked the public to share feedback on how novel technologies might be used to detect and thwart illicit crypto activity, fulfilling a directive under a recently signed bill to regulate stable value tokens.

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Battle Brews Over Fed's Plan For Big Bank Ratings Revamp

By Jon Hill

Leading banking industry groups are urging the Federal Reserve to move full speed ahead with a supervisory ratings overhaul that could classify more big banks as "well managed," but critics warn the plan amounts to dangerous, and potentially unlawful, grade inflation.

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Investors Can't Yet Tie Logan Paul To CryptoZoo Claims

By Catherine Marfin

A Texas magistrate judge recommended that a proposed class action over Logan Paul's CryptoZoo project should be dismissed, writing that the group hadn't adequately connected the influencer to their claims that they were ripped off when the project failed.

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Infosys Can't Ax Trade Secrets Suit Over Healthcare Software

By Benjamin Morse

Cognizant TriZetto Software Group Inc.'s trade secret and breach of contract claims against competitor Infosys Ltd. were filed in a timely fashion and are detailed enough to move forward, a Texas federal judge has found.

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SDNY Judges OK Trump's Selection Of Jay Clayton As US Atty

By Hailey Konnath

The Southern District of New York on Monday permitted Jay Clayton to continue overseeing the district's prosecutorial office, appointing Clayton as U.S. attorney just a day before his tenure as interim U.S. attorney was set to expire.

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Crypto Game Co. Accuses Jump Trading Of Pump-And-Dump

By Aislinn Keely

A crypto video game developer has accused high-frequency trading firm Jump Trading of engaging in a pump-and-dump of its token after striking a deal to provide market making services.

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Albright Explains Why He Cleared Apple Again In Fintiv Case

By Adam Lidgett

Fintiv failed to show that Apple products with the Apple Pay and Apple Wallet features meet certain elements of a Fintiv mobile wallet patent, Western District of Texas Judge Alan Albright said in an opinion detailing why he cleared the technology giant of certain infringement allegations.

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Catching Up With Delaware's Chancery Court

By Sydney Price and Jeff Montgomery

Executives and board members of Cencora Corp. tentatively settled a stockholder derivative suit for $111.25 million, VectoIQ board members reached a $6.3 million deal on stockholder claims over electric carmaker Nikola's prospects, and class attorneys who secured a $50 million derivative suit settlement saw their proposed 25% attorney fee cut by almost half. Here's the latest from the Delaware Chancery Court.

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Crypto Custody Guidelines Buoy Both Banks And Funds

A statement released last month by banking regulators — highlighting risks that the agencies expect banks holding crypto-assets to mitigate — may encourage more traditional institutions to offer crypto-asset safekeeping and thereby offer asset managers more options for qualified custodians to custody crypto-assets for their clients, say attorneys at Dechert.

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Top Takeaways From Trump's AI Action Plan

President Donald Trump's AI Action Plan represents some notable evolution in U.S. policy, including affirmation of the administration's trend toward prioritizing artificial intelligence innovation over guardrails and toward supporting greater U.S. private sector reach overseas, say attorneys at WilmerHale.

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Rebuttal

BigLaw Settlements Should Not Spur Ethics Deregulation

A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.

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Litigation Funder Burford Eyes Investments In US Law Firms

By Ryan Boysen

Burford Capital LLC, the world's largest litigation funder, is eyeing an investment model to put money directly in U.S. law firms after years of investing in U.S. lawsuits, its chief development officer told Law360 Pulse.

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Fired DOJ Antitrust Deputy Warns Of Lobbyist Influence

By Matthew Perlman

The former top deputy for the U.S. Department of Justice Antitrust Division, Roger P. Alford, defended the agency's leadership Monday while calling out a pair of senior officials and warning of the influence that lobbyists are wielding over merger reviews and other issues.

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Fried Frank Escapes Sanctions Over Flawed RICO Patent Suit

By Emily Sawicki

A Florida federal court has rejected sanctions motions leveled against Tristar Products Inc. and its counsel at Fried Frank for bringing a doomed anti-racketeering patent fraud lawsuit against Telebrands Corp., finding that the claims were not frivolous despite "myriad" flaws and "sloppy lawyering."

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Burr & Forman Must Face Claims From Healthcare Scheme

By Chart Riggall

A Georgia federal judge has denied Burr & Forman LLP's bid to escape a lawsuit accusing the firm of being party to a massive healthcare fraud scheme, ruling that it must largely face malpractice and breach of fiduciary claims from a pair of bankruptcy trustees.

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NJ Feds Say Habba's US Atty Role Unusual, But Not Unlawful

By Lauren Berg

Acting U.S. Attorney Alina Habba on Monday doubled down on her argument that President Donald Trump legally appointed her New Jersey's top federal prosecutor, telling a federal judge that this is simply "an unusual situation" created when the district court last month refused to extend her interim tenure.

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Lawmaker Pans 'Selective' Charges Over ICE Facility Clash

By Carla Baranauckas

U.S. Rep. LaMonica McIver has moved to dismiss criminal charges against her from a May confrontation with federal agents at an immigrant detention center in Newark, New Jersey, arguing she is immune from prosecution under the U.S. Constitution's speech or debate clause and is being selectively targeted by the government.

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Ex-NY AG Immune From Malicious Prosecution Suit

By Cara Salvatore

Former New York Attorney General Eric Schneiderman has immunity from a suit by a former New York City Council member claiming wrongful prosecution, a federal judge has ruled.

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Whiteford Taylor Must Face Wire Fraud Malpractice Suit

By Emily Sawicki

A Maryland federal judge has declined to toss the majority of a malpractice and gross negligence suit brought by the founder of a construction company who accused his former business partners and their shared counsel of being partially to blame for hackers stealing his $4 million share of proceeds from the sale of their business.

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