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.

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Ex-Cravath Staffer Charged With Insider Trading

By Stewart Bishop

A former employee at Cravath Swaine & Moore LLP on Thursday was arrested and charged with insider trading for allegedly exploiting nonpublic information about major deals involving the firm's clients, including Paramount Skydance Corp.'s $110 billion acquisition of Warner Bros. Discovery Inc.

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Nvidia Investor Sues Board Over Ex-CEO's Alleged Spy Affair

By Jessica Corso

Nvidia Corp.'s board of directors and its executive leadership team are facing a lawsuit in California federal court accusing them of earning $2 billion in insider trades while ignoring red flags about an affair that now-ousted CEO Jensen Huang had with an alleged Chinese spy.

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MVP: Sullivan & Cromwell's Robert Giuffra

Robert Giuffra Jr. of Sullivan & Cromwell LLP helped overturn an $18 billion judgment against the Republic of Argentina, and represented FirstEnergy Corp. in securities litigation and Volkswagen AG in litigation stemming from its diesel emissions scandal, earning him a spot as one of the 2026 Law360 Securities MVPs.

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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.

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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.

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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.

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Krispy Kreme CEO Sued Again Over Holes In McDonald's Deal

By Matthew Santoni

Another shareholder has sued on behalf of Krispy Kreme over its executives' alleged overselling of a donut distribution deal with McDonald's, this time in Delaware federal court.

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Alphabet Board Accused Of Ignoring 'Blazing Red' AI Flags

By Bonnie Eslinger

Alphabet's Board is ignoring red flags that the Google parent is misleading the public and unlawfully training its artificial intelligence models on creative works, images and voiceprints resulting in a costly "tidal wave of litigation" for copyright and biometric information infringement, a derivative lawsuit filed in California federal court alleges.

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3 Firms Guide Hancock Whitney's $3.2B Trustmark Bank Buy

By Isaac Monterose

Financial services company Hancock Whitney Corp. has agreed to a $3.2 billion all-stock merger with bank holding company Trustmark Corp. in a deal guided by Wachtell Lipton Rosen & Katz, Covington & Burling LLP and Brunini Grantham Grower & Hewes PLLC, Hancock Whitney announced Thursday.

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SEC's History Undercuts Its 'Back To Basics' Rationale

The current U.S. Securities and Exchange Commission's enforcement recalibration prioritizing fraud over technical violations has led to a drastic decline in enforcement activity, but the philosophy deviates from decades of enforcement that has always promoted compliance with its prophylactic requirements, says Gerald Hodgkins at Covington.

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Posner Remembered For Wide Influence, Pragmatic Approach

By Ryan Boysen

The iconoclastic, prolific and hugely influential U.S. Circuit Court Judge Richard A. Posner is being remembered for a lifetime of relentless advocacy for a more pragmatic approach to the law and a legacy that will ripple through American jurisprudence for decades to come.

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Remembering Richard Posner: A Prolific Jurist

Judge Richard Posner died Tuesday at age 87, leaving a legacy as one of the most influential members of the judiciary who never served on the U.S. Supreme Court. Here, Law360 revisits its coverage over the years of the prolific retired Seventh Circuit judge, including interviews with him about his pragmatic approach to the law, his belief that the courts mistreat pro se litigants and his love of felines.

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Foley Revamps Associate Pay, Advancement Structure

By James Boyle

Foley & Lardner LLP is the latest law firm to alter the way it handles associate compensation and advancement to keep in line with Milbank LLP's update of its own associate pay scale in July.

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Weil's 1,000 Staff Face 'Absorption' Issue In Hunt For Roles

By Daniel Moritz-Rabson

As the approximately 1,000 professional staff members at Weil Gotshal & Manges LLP look for new roles, they're likely to encounter a more difficult job market than the firm's attorneys, recruiters told Law360 Pulse.

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DOJ Exodus Leaves Trump Facing Confirmation Crunch

By Courtney Bublé

Since the Democrats' sweeping victories on Election Day, there has been an exodus of top officials at the U.S. Department of Justice and prospects for confirming permanent replacement are slim.

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Feature

The Go-To Firms For Insurance Litigation In 2026

By Hope Patti

A Florida-based law firm filed the most insurance coverage actions in the first half of 2026, primarily representing policyholders in property damage disputes, while BigLaw firm Gordon Rees Scully Mansukhani was the most frequent choice among insurer defendants.

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Senate Confirms First Judge Of Lame-Duck Period

By Courtney Bublé

The U.S. Senate confirmed Alabama Supreme Court Justice Gregory Cook to the Northern District of Alabama on Thursday, marking the first judicial confirmation of the lame-duck period.

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Proskauer Won't Rep Perplexity In Reddit Data-Scraping Suit

By Matthew Perlman

Perplexity AI Inc. has abandoned its effort to have Proskauer Rose LLP defend against a data-scraping lawsuit from Reddit Inc. after Reddit raised concerns about the law firm's past representation of the social media company.

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Arbitration Assoc. Wants Consumers' Monopoly Suit Tossed

By Rae Ann Varona

The American Arbitration Association urged an Arizona federal court Thursday to toss a proposed class action that accuses the organization of monopolizing the consumer arbitration services market, saying the plaintiff consumers are trying to hold it liable for contracts it never entered into.

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