Top Stories

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  CFTC Plans To OK Sports Betting On Prediction Markets

  By Jessica Corso

  The U.S. Commodity Futures Trading Commission proposed a rule Wednesday that could govern the way the agency ove...(read more)

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  Florida Appeals Court Revives Asset Probe Of Law Firm

  By Carolina Bolado

  A Florida appeals court said Wednesday that real estate investment firm Sasha Investments LLC should not have be...(read more)

• NCAA Athletes Fight To Limit Review Of Third-Party NIL Deals

  By Dorothy Atkins

  College athletes urged a California federal magistrate judge Wednesday to find their deals with multimedia rights companies and third-party brand sponsors aren't subject to oversight by the College Sports Commission, a new entity created following the NCAA's landmark $2.78 billion name, image and likeness settlement.

• 'Anti-ICE Vigilantes': DOJ Says Law Clerks Aided Noncitzens

  By Lauren Berg

  Two state court clerks in Utah are facing criminal charges after federal prosecutors say they acted as "self-appointed anti-ICE vigilantes" by helping noncitizens leave the courthouse by a back door to evade arrest by U.S. Immigration and Customs Enforcement, according to the newly unsealed case.

• SpaceX Rocket Base Ruining Wildlife Habitat, Green Groups Say

  By Spencer Brewer

  Environmental advocacy organizations told a D.C. federal district court Wednesday that Space Exploration Technologies Corp.'s use of formerly protected land near the Texas coast would endanger vulnerable wildlife, saying SpaceX's occasional rocket explosions spew debris directly into protected habitat.

• Judge Tells DOJ Not To 'Play Possum' On Trump Fund

  By Jared Foretek

  A D.C. federal judge on Wednesday declined to block the Trump administration's proposed $1.8 billion "lawfare" fund, crediting statements from Attorney General Todd Blanche and other U.S. Department of Justice lawyers last week that the fund was dead.

• Trump Picks Bank Exec, Ex-BigLaw Partner For CFPB Director

  By Jon Hill

  President Donald Trump on Wednesday tapped former BigLaw partner Brian Johnson for director of the Consumer Financial Protection Bureau, a move that comes as White House Office of Management and Budget Director Russell Vought's time as interim head of the agency approaches its expiration date.

• Elliott, Stronghold Clash Over Oil And Gas Asset Wind-Down

  By Jarek Rutz

  Elliott Investment Management LP and Stronghold Resource Partners urged the Delaware Supreme Court on Tuesday to adopt competing readings of a settlement agreement governing the wind-down of an oil and gas investment fund, with each side saying the contract's language supports a different path for liquidating the fund's remaining holdings.

• Judicial Noms Say Biden Won, But Critics Fault Their Caveats

  By Courtney Bublé

  Three district court nominees on Wednesday said President Joe Biden won the 2020 election, a departure from other judicial nominees in the second Trump administration, but court watchers on the left took issue with how they couched those statements.

• IP Notebook: Cox's Reach, 'Top Gun' Appeal, 'Lazy' Videos

  By Ivan Moreno

  This round of Law360's review of emerging copyright and trademark issues looks at the ripple effects from the U.S. Supreme Court's ruling on secondary copyright liability and highlights looming high court bids over "Top Gun" and Roberto Clemente's likeness on commemorative license plates.

• Warren Asks SEC To Delay SpaceX IPO Over 'Troubling' Risks

  By Dorothy Atkins

  U.S. Sen. Elizabeth Warren called on the U.S. Securities and Exchange Commission to delay SpaceX's anticipated $75 billion initial public offering until steps are taken to protect investors and market integrity, expressing concerns that the company's books contain "troubling gaps," and the IPO poses "unique and precedent-setting" risk.

• Insurance Cos. Score Dismissal Of Zepbound Coverage Case

  By Kellie Mejdrich

  A D.C. federal judge Wednesday agreed to toss a proposed class action against CVS Caremark and CareFirst BlueCross BlueShield from a worker who challenged coverage denials for Zepbound to treat sleep apnea, holding an exclusion in his employee health plan that the companies administered complied with federal benefits law.

• Jury Ups Philanthropist, Ex-Pitcher Crash Verdict To $198M

  By Cara Salvatore

  A California jury added $22 million in punitive damages Wednesday to a $176 million verdict against a philanthropist and a former MLB pitcher found responsible for a car crash that killed two children.

• Susman Godfrey Beats, Seward & Kissel Matches Milbank Pay

  By Tracey Read

  At least four more firms have joined the associate pay raise bandwagon, with Seward & Kissel LLP matching the salary scale recently set by Milbank LLP, and Susman Godfrey LLP exceeding it.