Top Stories

• 

  Citron Founder Convicted Of Manipulating Stock Prices

  By Hailey Konnath

  A California federal jury Monday returned a verdict finding Citron Research founder Andrew Left guilty of using ...(read more)

• 

  M&A Atty, Others Deny Roles In BigLaw Insider Trading Ring

  By Carolyn Muyskens

  Fifteen defendants, including an ex-Goodwin Procter LLP associate, pled not guilty Monday to participating in an...(read more)

• 9th Circ. Won't Recharge Kids' Suit Over Trump's Energy EOs

  By Rachel Riley

  A Ninth Circuit panel refused Tuesday to revive a group of youths' legal challenge of President Donald Trump's executive orders spurring the use of fossil fuels to meet the country's energy needs, concluding the plaintiffs "can only speculate" that the orders will trigger agency decisions that ultimately intensify climate change.

• Northrop To Pay $75M In Midtrial LA Contamination Deal

  By Bonnie Eslinger

  Residents of a Los Angeles suburb who sued Northrop Grumman over alleged environmental contamination have asked a California federal judge to preliminarily approve a $75 million class deal struck midtrial with the aerospace company that also proposes their attorneys receive up to 40% of the fund — and possibly more.

• SEC Floats Strategic Plan For Next Four Years

  By Jessica Corso

  The U.S. Securities and Exchange Commission on Tuesday said it plans to reevaluate how administrative proceedings operate and to write regulations governing the cryptocurrency industry, calling for public feedback as it put forth Chairman Paul Atkins' vision for running the agency over the next four years. 

• DOJ Won't Move Forward With $1.8B Fund, Blanche Confirms

  By Courtney Bublé

  Acting Attorney General Todd Blanche told lawmakers Tuesday, "we're not moving forward" with the controversial $1.8 billion settlement fund.

• NY, EU Banking Agencies To Share Stablecoin Oversight Info

  By Aislinn Keely

  New York's Department of Financial Services and the European Banking Authority said Tuesday that they plan to share information about their respective supervision, monitoring and investigations of stablecoin issuers and markets under a new memorandum of understanding.

• Senate Confirms Montana, Kansas Judges

  By Courtney Bublé

  The Senate confirmed judges Tuesday for Montana and Kansas, one of whom was the first judicial nominee of the second Trump administration to receive a "not qualified" rating from the American Bar Association.

• Trump Taps Housing Finance Head For Intelligence Role

  By Elaine Briseño

  President Donald Trump announced Tuesday on Truth Social that he was naming Federal Housing Finance Agency head and political ally William Pulte as acting director of national intelligence.

• Bipartisan Bill Would Modernize Court Records Systems

  By Matt Perez

  U.S. Sens. John Kennedy, R-La., and Ron Wyden, D-Ore., on Tuesday jointly introduced the Open Courts Act, which they said would modernize the court records systems PACER and CM/ECF.

• 11th Circ. May Lower Bar For Getting ERISA Claims To Court

  By Kellie Mejdrich

  Several Eleventh Circuit judges voiced support during en banc arguments Tuesday for overturning precedent backing the appellate court's exhaustion requirement for federal benefits claims, signaling the potential reinstatement of a proposed class action alleging mismanagement of a seafood company's employee stock ownership plan.

• EU Parliament Trade Committee Advances US Trade Deal

  By Jack McLoone

  With a July 4 deadline set by President Donald Trump looming, the European Union moved one step closer to implementing its trade deal cutting tariffs — though with added guardrails — as a Parliament committee voted Tuesday to advance the legislation.

• Feds Scrub 'Reputation Risk' From Raft Of Banking Guidance

  By Jon Hill

  Federal banking regulators said Tuesday that they are reissuing a slew of longstanding guidance documents to take out mentions of so-called reputation risk, the latest move in the Trump administration's push to eliminate bank examiners' use of the concept.

• Voyager's $300M Astrobotic Deal Fuels Lunar Build-Out Plans

  By Al Barbarino

  Denver-based defense and space solutions company Voyager Technologies said Tuesday that it has agreed to purchase Astrobotic Technology Inc. for about $300 million as it ramps up plans to create the infrastructure needed to sustain moon-based space exploration.