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March 06, 2026
NYSE To Pay $9M SEC Fine Over Botched Market Opening
The New York Stock Exchange on Friday agreed to pay $9 million to the U.S. Securities and Exchange Commission following a hardware failure that caused thousands of trades to fail and dozens of stocks to be hit with price declines.
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March 06, 2026
Grocery Chain Strikes Deal In 401(k) Suit Revived By 2nd Circ.
A supermarket chain told a New York federal court it has agreed to settle a proposed class action claiming the company allowed its 401(k) plan to be saddled with excessive fees, about six months after the Second Circuit partially revived the case.
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March 06, 2026
Ex-NBAer Beasley Ordered To Pay $1M For Contract Breach
A New York federal judge has ordered ex-NBA guard Malik Beasley to pay his former agency $1 million after the journeyman did not contest the agency's contract breach suit for nearly a year.
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March 06, 2026
NYC Politician Seeks ICE Docs To Defend Obstruction Charge
The ex-comptroller of New York City, Brad Lander, is urging a federal judge to require the federal government to disclose how it is using immigration holding rooms at 26 Federal Plaza in downtown Manhattan as he fights a ticket he received for allegedly obstructing federal immigration officials.
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March 06, 2026
Judge Wants Action On FEMA Disaster Mitigation Funds Delay
A Massachusetts federal judge on Friday ordered the Trump administration to step up its pace in restoring a disaster mitigation funding program, nearly three months after he ordered it to do so.
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March 06, 2026
NY Appeals Court Won't Revive Section 8 Protections
A New York state appellate court confirmed that a New York Human Rights Law provision outlawing source-of-income discrimination is unconstitutional, allowing landlords to decline to rent to prospective tenants with Section 8 rental vouchers.
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March 06, 2026
Sen. Dems Float Bill To Break Up 'Meatpacking Monopoly'
Senate Democrats have introduced a bill to break up the country's largest meatpacking conglomerates over concerns that concentration in the beef, pork and chicken sectors has contributed to higher food prices and worse deals for farmers.
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March 06, 2026
2nd Circ. Says Pot Edibles Not Covered By Workers' Comp
A Second Circuit panel has found that federal workers' compensation can't cover the cost of prescribed cannabis edibles, because they are still considered Schedule I drugs under federal law with "no accepted medical use."
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March 06, 2026
Publishers Sue 'Shadow Library' For 'Staggering' Book Piracy
Thirteen of the biggest book publishers in the U.S. filed a copyright lawsuit against Anna's Archive on Friday, accusing the so-called shadow library of operating one of the world's largest piracy sites and offering high-speed access to its repository of books and academic papers to AI developers.
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March 06, 2026
Cleary Rehires Former Federal Prosecutor From Paul Weiss
Cleary Gottlieb Steen & Hamilton LLP announced on Thursday that it has rehired a former Paul Weiss Rifkind Wharton & Garrison LLP lawyer who previously served as co-chief of the Southern District of New York's General Crimes Section.
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March 06, 2026
Syrians Ask Justices To Reject Trump Admin's TPS Appeal
A group of Syrian nationals urged the U.S. Supreme Court to not disturb lower court decisions postponing the Trump administration's move to terminate their temporary protected status, arguing it's the over 6,000 Syrian TPS holders who'd suffer irreparable harm.
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March 06, 2026
Gov't Settles Affordable Housing Dispute With NY Village
The federal government has agreed to settle its affordable housing suit against a New York village that was accused alongside a local county of failing to comply with a 2018 agreement that required the village and the county to build or rehabilitate 62 affordable housing units within seven years.
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March 05, 2026
Fintech Sues Deutsche Bank, Pathward Over Pharma Flags
A self-described barter-based payment platform sued Deutsche Bank AG and Pathward NA, alleging it was improperly placed on an industry blacklist following the banks' assertions it was "transaction laundering" for companies selling gray-market peptides.
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March 05, 2026
Fla. Judge Conditionally OKs Cosmetic Co.'s Ch. 11 Plan
A bankruptcy judge in Florida conditionally approved on Thursday a cosmetic company's Chapter 11 plan, granting a proposed reorganization that involves a lender taking over the company in a debt-to-equity transaction.
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March 05, 2026
DC Circ. Urged To Pause DOT Immigrant Truck Driver Rule
Local governments, legal advocates, Teamsters California and others have urged the D.C. Circuit to suspend the U.S. Department of Transportation's new final rule containing sweeping restrictions on nondomiciled commercial driver's licenses for immigrants, saying nearly 200,000 drivers would be culled from the workforce and trigger a supply chain and critical services crisis.
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March 05, 2026
Pfizer Gets OK For $29M SEC Payout From Insider Case
A New York federal judge on Thursday approved a request from the U.S. Securities and Exchange Commission and Pfizer to have $29 million paid out to a Pfizer subsidiary from the roughly $75.2 million distribution left over from a $602 million insider trading deal.
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March 05, 2026
Spain Faces $48M Asset Hunt In NY Over Energy Dispute
An award assignee owed about $48 million by Spain following a dispute over revoked renewable energy subsidies has pressed a D.C. federal court to let it seek "substantial" assets the country likely holds in New York, saying there are no attachable assets in the District of Columbia.
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March 05, 2026
SEC To Settle Justin Sun Crypto Wash Trading Case
The U.S. Securities and Exchange Commission said Thursday it has reached a settlement with Tron founder Justin Sun to end a closely watched, Biden-era enforcement action, with one of Sun's companies set to pay a $10 million penalty for allegedly facilitating wash trading of the cryptocurrency TRX.
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March 05, 2026
Nielsen Urges 2nd Circ. To Nix Data-Tying Order
Ratings provider Nielsen has told the Second Circuit that a lower court injunction blocking it from conditioning access to its nationwide radio ratings data on the purchase of local market data intruded on its private price negotiations with radio giant Cumulus Media.
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March 05, 2026
NY Court Reverses Fraud, Unlicenced Lawyer Convictions
A New York City man convicted by jury of grand larceny, scheming to defraud, criminal impersonation and practicing law without a license has had his judgments reversed by a New York state appeals court for being based on "duplicitous" charges or being against the weight of the evidence.
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March 05, 2026
Two Dozen States Sue Trump To Halt New Global Tariffs
A coalition of 24 states sued President Donald Trump's administration Thursday in the U.S. Court of International Trade to block global tariffs that the White House imposed shortly after the U.S. Supreme Court struck down an earlier round of tariffs.
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March 05, 2026
Foam Roller Seller Told To Pay $1.7M After Patent Case Default
A company that sells foam rollers primarily on Amazon has been ordered to pay $1.1 million in trebled damages and $650,000 in attorney fees to a company it sued seeking a declaration that it could continue selling, after it defaulted in the case and its owner declared bankruptcy.
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March 05, 2026
Senior Living, Nursing Platform Sage Raises $65M In Series C
Senior living and skilled nursing platform company Sage on Thursday said it has raised $65 million in a Series C equity round to help roll out new artificial intelligence-based resident safety tools, among other improvements.
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March 05, 2026
DOJ Says Fed. Law Bars Rochester, NY, Sanctuary Policies
The Trump administration is urging a New York federal court to block the city of Rochester's sanctuary immigration policies that the administration says stymie its own enforcement operations and discriminate against the federal government, arguing two federal statutes clearly preempt them.
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March 05, 2026
ERISA Recap: 6 Developments To Remember From Feb.
The Second Circuit refused to boot a former Luxottica worker's proposed class claims into solo arbitration, a Texas federal judge declined to snuff out a tobacco fee suit against 7-Eleven and a healthcare company inked a $43 million deal to wrap a case over how it handled 401(k) plan forfeitures. Here's a look back at six noteworthy moves in Employee Retirement Income Security Act cases from last month.
Expert Analysis
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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.
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5 Different AI Systems Raise Distinct Privilege Issues
A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.
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State, Federal Policies Complicate Fuel And Carbon Markets
As federal and state regulators advance a complex web of mandatory and voluntary programs and incentives that shape how transportation fuels are produced, traded and valued, new compliance obligations present both risks and opportunities for fuel market and carbon market participants alike, says Sarah Grey at Arnold & Porter.