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March 27, 2026
Kalshi Sued By Wash. AG In Latest 'Illegal Gambling' Case
The Washington state attorney general accused Kalshi Friday of operating an illegal online betting platform under the guise of a prediction market, joining a growing number of states that have taken court action against the company over alleged gambling law violations.
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March 27, 2026
Credit Suisse Gets Bondholders' NJ RICO Claim Axed
An investor lawsuit accusing Credit Suisse of concealing its financial strains leading up to its takeover by UBS AG was trimmed by a New York federal judge, who found the suit failed to support its New Jersey racketeering claim.
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March 27, 2026
States Suspect ICE Obtained Medicaid Data Despite Order
A coalition of states told a federal judge that the Trump administration appears to have ignored an order limiting the types of Medicaid data that can be shared with immigration officials, potentially handing over reams of "off limits" data on citizens and green card holders.
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March 27, 2026
Judge Assails WowLine In Fee Order In Wallet Gadget Feud
A New York federal judge had choice words for WowLine Inc. in ruling that it owed an additional $233,000 in attorney fees to Dynamite Marketing after the Federal Circuit affirmed a $3.5 million infringement judgment against WowLine over a patent covering Dynamite's Wallet Ninja, finding some of its conduct "unreasonable."
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March 27, 2026
NYC Sheds FDIC's Claim For Silicon Valley Bank Tax Refund
A D.C. federal court said Friday it does not have the authority to order New York City to issue a tax refund sought by the Federal Deposit Insurance Corp. in its capacity as receiver of the failed Silicon Valley Bank.
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March 27, 2026
Chanel Ducks The RealReal's Antitrust Counterclaims For Now
A New York federal court has tossed antitrust counterclaims lodged against Chanel by used luxury goods retailer The RealReal after the fashion house accused it of selling counterfeit handbags.
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March 27, 2026
Latest Inflection Point SPAC Leads 3 Offerings Totaling $520M
Inflection Point Acquisition VI, the latest special purpose acquisition company led by Chairman Michael Blitzer, began trading publicly on Friday after raising $220 million in its initial public offering, marking the largest of three SPACs to hit the public markets Friday, totaling $520 million.
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March 27, 2026
NRA Strikes Deal With Its Ex-President In Florida Suit
The National Rifle Association and its former president reached a settlement in her Florida federal lawsuit alleging the organization misappropriated her name, image and likeness.
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March 27, 2026
Ex-Husch Blackwell CIO Joins Wells Fargo As AI Exec
Blake Rooney, who spent the past eight years as the chief information officer of Husch Blackwell LLP, announced through a LinkedIn post on Friday that he would be joining Wells Fargo & Co. as its artificial intelligence business executive for legal, public affairs and internal audit.
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March 27, 2026
Polsinelli Hires Practice Head From McDermott In NY
Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."
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March 27, 2026
Fired Cognizant Worker Was 'Uncooperative,' Jury Told
A Manhattan federal jury weighed claims Friday that Cognizant Technology Solutions fired a New York University professor for complaining about hiring bias, after a lawyer for the company called him a troublesome employee who has no contemporaneous evidence of his concerns.
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March 27, 2026
CrossCountry Wins REIT Bidding Contest With All-Cash Deal
CrossCountry Mortgage said Friday it will acquire mortgage servicing-focused real estate investment trust Two Harbors Investment Corp. for $10.80 per share in cash, with Simpson Thacher & Bartlett LLP advising CCM and Jones Day advising Two Harbors.
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March 27, 2026
Hospital Escapes Ex-Workers' 401(k) Forfeiture, Fund Suit
A New York federal judge on Friday tossed a proposed class action against a healthcare company alleging mismanagement of an employee 401(k) plan, concluding that ex-workers who sued lacked standing to bring some claims while the remaining allegations weren't sufficiently backed up to state a claim for violating federal benefits law.
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March 26, 2026
Atty. Conduct Gets Fraud Conviction Thrown Out By 2nd Circ.
The Second Circuit has vacated a New York man's fraud conviction, pointing to the conduct of his former counsel, who had a private conversation with the judge in which he said he was worried the defendant was engaging in "delay tactics" that could include punching the lawyer in the head.
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March 26, 2026
Live Nation Kicks Off Defense Case In Antitrust Trial
A coalition of state attorneys general on Thursday mostly concluded their antitrust case against Live Nation and its Ticketmaster subsidiary, following weeks of a trial that was nearly derailed after the U.S. Department of Justice dropped out, and Live Nation kicked off its defense case with a company executive who pushed back against claims of anticompetitive conduct.
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March 26, 2026
Venezuelan Leader Says Ex-Fla. Rep Couldn't Get US Meetings
A Venezuelan political opposition leader told jurors Thursday that he connected with former Florida congressman David Rivera to try to secure meetings with high-level U.S. officials in the first Trump administration, but Rivera — who is on trial for allegedly failing to register as a foreign agent — failed to deliver.
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March 26, 2026
Fintech Firm Beats Investor Suit Over Noncompliance Risks
China-based online brokerage firm operator UP Fintech Holding Ltd. has escaped a proposed class action accusing it of misleading investors by concealing risks associated with its noncompliance with New Zealand and Chinese securities laws after a New York federal judge found the company's statements to be full and justified.
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March 26, 2026
Stanley Mug-Maker Beats Most Lid Recall Claims, For Now
A Seattle federal judge dumped the bulk of a proposed consumer class action accusing the company behind Stanley mugs of selling defective lids that can leak hot liquids, ruling plaintiffs in the case failed to establish that the business had advance knowledge of the alleged defects.
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March 26, 2026
White & Case Staffer Sues Firm Over Nude Photo Ridicule
A White & Case LLP staffer sued the law firm in New York state court Wednesday, alleging the firm's purported "hostile work environment" shielded his colleagues after they allegedly shared nude photos of him, which he claims were taken by his supervisor while he was unconscious at a firm-sponsored party.
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March 26, 2026
States Will Fill DOJ, FTC's Antitrust Void, Ill. AG Atty Says
The top antitrust attorney at the Illinois attorney general's office predicted Thursday that state enforcers will continue to pick up the pace as the Federal Trade Commission and especially the U.S. Department of Justice's Antitrust Division "become less transparent and less active."
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March 26, 2026
Penny Stock Seller Says SEC Fraud Claim Fails Without Victim
Western Bankers Capital Inc. and the estate of its operator have urged a New York federal judge to grant them an early win in a U.S. Securities and Exchange Commission suit alleging they and others reaped nearly $6 million in illicit proceeds by selling unregistered penny stocks, in part because they say they were a victim of the alleged scheme.
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March 26, 2026
Legislative Update: Cannabis And Psychedelics Bill Roundup
Lawmakers at the state and federal level stewarded legislation to rein in kratom and its derivatives, Idaho lawmakers took a stand against a proposal to legalize medical marijuana via ballot initiative, and New York legislators introduced a plan to audit the state's cannabis regulator on an annual basis. Here are the major moves in cannabis and psychedelics legislation from the past week.
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March 26, 2026
Conn. Sushi Chef Seeks Sanctions Over Deposition Spectator
A sushi chef suing a Connecticut restaurant on claims of wage-and-hour violations wants the defendant sanctioned for allowing a nonparty, who is the defendant in a separate but similar lawsuit, to attend a Jan. 19 deposition, allegedly in an attempt to gain a litigation advantage.
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March 26, 2026
Sony, USC Settle Fight Over Music Used In Social Media Ads
Sony Music has settled its copyright infringement suit accusing the University of Southern California of infringing more than 170 of its songs to advertise the school's sports program on social media, according to an order signed off by a New York federal judge Thursday.
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March 26, 2026
Creditors, US Trustee Protest Jones Day In Vanderbilt Case
The U.S. Trustee's Office and a group of creditors have urged a New York bankruptcy judge to reject mining company Vanderbilt Minerals' bid to retain Jones Day as counsel, arguing the law firm is conflicted because it represented the debtor's parent company prior to Vanderbilt's Chapter 11 case.
Expert Analysis
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Weighing Confusion Claims In Shoes-NFL Steakhouse TM Suit
A recent New York federal infringement complaint by 1587 Sneakers against Patrick Mahomes and Travis Kelce's Kansas City steakhouse 1587 Prime confronts the thorny question of how much operating in different industries should factor into likelihood-of-confusion analysis and why consumer perception can matter most in trademark fights, says Nate Garhart at Spencer West.
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2nd Circ. Kazakh Ruling Clarifies RICO Rule, FSIA Exception
The Second Circuit's recent Yerkyn v. Yakovlevich ruling, dismissing a Racketeer Influenced and Corrupt Organizations Act claim, demonstrates that RICO's domestic injury requirement is a merits question, and reaffirms the Foreign Sovereign Immunities Act's commercial activity exception, says Brant Kuehn at Greenspoon Marder.
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Character.AI Case Highlights Agentic AI Liability Questions
The recently settled litigation against Character Technologies Inc. provides an early case study for exploring salient legal issues related to agentic artificial intelligence, such as tort liability, strict liability, statutory liability and contractual liability, says Samuel Mitchells at Smith Gambrell.
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PFAS Risks In M&A Amid Litigation, Legislative Developments
Per- and polyfluoroalkyl substances have become a significant M&A concern amid new trends in settlements and state laws, and potential buyers must find ways to evaluate potential related risks, say attorneys at Debevoise.
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Series
Volunteering With Scouts Makes Me A Better Lawyer
Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.
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Compliance Takeaways Amid Subscription Practices Scrutiny
The Federal Trade Commission's prioritization of enforcement regarding deceptive billing and cancellation practices in recurring subscriptions, and new click-to-cancel rulemaking expected on the horizon, carry key takeaways for companies using recurring subscriptions to sell products or services, say attorneys at Arnold & Porter.
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Series
Law School's Missed Lessons: In Court, It's About Storytelling
Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.
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Why SDNY May Be Dusting Off The Financial Kingpin Statute
The Southern District of New York’s recent fraud indictments against executives of bankrupt companies Tricolor and First Brands have seemingly revived the Continuing Financial Crimes Enterprise statute, and if the cases succeed, prosecutors across the country will have ample reason to reach for this long-dormant tool, say attorneys at Lankler Siffert & Wohl.
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Charges Signal Tougher Stance On Execs' Bankruptcy Fraud
The recent criminal charges stemming from the Tricolor and First Brands bankruptcy cases may represent a sea change in the willingness of federal prosecutors to use bankruptcy fraud as a basis to charge corporate officers more frequently alongside traditional statutes such as wire fraud, bank fraud and money laundering, say attorneys at White & Case.
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A Tale Of 2 Self-Disclosure Policies: How SDNY, DOJ Differ
Though the U.S. Attorney’s Office for the Southern District of New York’s recently announced corporate enforcement and voluntary self-disclosure policy shares many similarities with that of the U.S. Department of Justice, the two programs differ in meaningful ways, including subject matter scope and timeline to declination, say attorneys at Wiley.
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Aligning Microsoft Tools With NYC Bar AI Recording Guidance
The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.
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Where 5th Circ. Ruling Fits In ERISA Arbitration Landscape
The Fifth Circuit's recent decision in Parrott v. International Bancshares, holding that an Employee Retirement Income Security Act plan may consent to arbitration, must be understood against the backdrop of a developing body of appellate authority addressing ERISA arbitration, say attorneys at Gibson Dunn.
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Unpacking Key Themes From NY's New Healthcare Strategy
New York Gov. Kathy Hochul's 2026 State of the State agenda, read together with the state's fiscal year 2027 executive budget, reflect a clear framework to utilize Medicaid as the state's operating platform for healthcare reform, say attorneys at Sheppard.
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A Single DOJ Corporate Enforcement Policy Raises Questions
The U.S. Department of Justice's soon-to-be-released uniform corporate criminal enforcement policy could address the challenges raised by the current decentralized approach, but it will need to answer a number of potential questions amid scant details, say attorneys at Pillsbury.
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Navigating Exclusion Decisions After SEC's No-Action Change
Following the U.S. Securities and Exchange Commission's November changes to the Rule 14a-8 no-action letter process, shareholder proponents have turned to litigation if companies excluded their proposals under the new framework, with three recent cases offering useful lessons for companies navigating exclusion decisions this proxy season, say attorneys at Cleary.