Top Stories

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  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 ...(read more)

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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 al...(read more)

• 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.

• Merchants Sue OCC Over Push To Preempt Ill. Swipe-Fee Law

  By Jon Hill

  Merchant trade groups sued the government Thursday in D.C. federal court to overturn recent rules from the Office of the Comptroller of the Currency that seek to shield banks from Illinois state limits on swipe fees, arguing the "slapdash" preemption effort exceeded the agency's authority.

• Meta Says DC Fed. Court Has Oversight Of FTC Settlement

  By Aneeta Mathur-Ashton

  A lawyer for Meta told a D.C. federal judge Thursday that his court has exclusive jurisdiction over a $5 billion privacy settlement from 2020, not the Federal Trade Commission.

• 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.

• DC Circ. To Decide If EPA Needs Stricter Incineration Rules

  By Nadia Dreid

  The D.C. Circuit will decide whether the Environmental Protection Agency has been violating the Clean Air Act by declining to set standards for all types of incinerators, something two environmental groups say the law intended but the agency has refused to do for 25 years.

• NYC Becomes 2nd City To Ban Data-Driven Pricing

  By Lauren Berg

  The New York City Council on Thursday overwhelmingly approved a measure to ban companies from using personal data to offer different prices to different customers for the same goods and services, becoming the second city to prohibit the increasingly prevalent practice known as surveillance pricing.

• Anker Owes $20M In Surveillance Tech Patent Case, Jury Says

  By Elliot Weld

  A Texas federal jury on Thursday found that Chinese electronics firm Anker should pay Japanese rival NEC Corp. $20 million in damages for infringing three patents covering image processing and surveillance technology.

• GM To Depose Ex-FCA Exec Again After Judge Flags Gaps

  By Susan Smiley

  Former Fiat Chrysler Automobiles executive Alphons Iacobelli can be deposed a second time by counsel for General Motors LLC, a Michigan state judge ruled Thursday, emphasizing that Iacobelli must turn over all documents requested by GM and that omitting pertinent information from his testimony is not an option.

• 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.

• 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.

• 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.

• Harvard, Boston Hospitals Block Power Plant's Fee Hike

  By Chris Villani

  A Massachusetts judge ruled that Harvard University and a group of major Boston-area hospitals do not have to pay higher fees that a power plant imposed unilaterally, but he rejected their request for treble damages under the state's consumer protection laws.