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Compliance
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November 20, 2025
Fed's Cook Says AI Could Either Steady Wall Street Or Rig It
Federal Reserve Board Gov. Lisa Cook said Thursday that the use of artificial intelligence in algorithmic trading in financial markets has the potential to improve on current trading, but it also has the potential to create "risks that are difficult to monitor or mitigate."
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November 20, 2025
Target Investors' Pride Month Merch Suit Shipped To Minn.
A consolidated set of shareholder class actions against Target Corp. over its 2023 Pride Month marketing campaign has been relocated from Florida to Minnesota, where the company is headquartered.
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November 20, 2025
Texas Sues Bristol-Myers For Alleged Drug Misrepresentations
The Texas Office of the Attorney General sued pharmaceutical companies Bristol-Myers Squibb and Sanofi in Texas state court, claiming Thursday the companies failed to disclose that a lucrative blood thinner used to prevent heart attacks and strokes does not work as well on certain minority patients.
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November 20, 2025
Conn. Agency GC Tried To 'Mislead The Court,' Judge Says
A Connecticut judge said Wednesday that he notified ethics officials after finding the general counsel of the state's utilities authority tried to mislead the court and opposing counsel over deleted text messages in a rate dispute with a pair of natural gas suppliers.
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November 20, 2025
SEC's Uyeda Says ERISA Needs Litigation Reform To Curb Suits
U.S. Securities and Exchange Commission member Mark Uyeda called for litigation reform Thursday aimed at stopping lawsuits filed under the Employee Retirement Income Security Act that he said discourage retirement plan fiduciaries from investing in the private markets.
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November 20, 2025
Crypto Orgs. Call On White House To Spur Agency Guidance
A coalition of more than 65 crypto-focused organizations penned a letter to President Donald Trump asking the White House to encourage federal agencies to stop prosecuting developers of decentralized software, exempt decentralized projects from certain rules and clarify tax treatment.
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November 20, 2025
NY Judge Denies Feds' Bid To Review $230M Yacht Ruling
A New York federal judge on Thursday refused the U.S. government's request that he reconsider his earlier ruling declining to require the owners of a seized $230 million superyacht to post a multimillion-dollar bond while they appeal his judgment of forfeiture.
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November 20, 2025
Trump's CFTC Pick Selig Advances To Senate Floor
President Donald Trump's pick to lead the U.S. Commodity Futures Trading Commission will advance to the U.S. Senate floor after a Thursday agriculture committee vote on Michael Selig's nomination passed along party lines.
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November 20, 2025
Bank Says Ex-Compliance Chief's Suit Belongs In Fla., Not NJ
First National Bank of Pasco has urged a New Jersey federal judge to either toss a lawsuit its former chief compliance officer brought alleging he was fired without just cause or transfer it out of the state, arguing that any misconduct in question, if they occurred, were described to have taken place in Florida.
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November 20, 2025
Subletting Co. Settles NYC's Illegal STR 'Matchmaker' Claims
A subletting company has agreed to resolve claims that it was used as a "'matchmaker'" of sorts for advertising and setting up illegal short-term rentals in New York City, the Mayor's Office of Special Enforcement announced.
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November 20, 2025
Pharma Cos. Seek Early Win In States' Price-Fixing Lawsuit
A collection of states failed to prove an overarching conspiracy among 25 separate pharmaceutical companies to fix the prices of generic drugs, most of them dermatology formulations, the drugmakers argued Wednesday in support of a bid for an early win on one element of dozens of antitrust claims.
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November 20, 2025
FERC Looks To Put LNG Project Work On A Faster Track
The Federal Energy Regulatory Commission on Thursday said it will explore speeding up its permitting of liquefied natural gas projects by creating a blanket authorization process for certain project activities that wouldn't require individual approvals.
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November 20, 2025
Chinese Logistics Co. Investors Sue Over 95% Stock Crash
Investors of China-based Jayud Global Logistics have filed suit in New York federal court, alleging the company's stock price was artificially inflated through fake social media posts before it suddenly collapsed by 95% in one day, leaving everyday shareholders holding the bag.
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November 20, 2025
7th Circ. Halts Order Releasing Hundreds Of ICE Detainees
The Seventh Circuit on Thursday paused two Chicago federal court rulings ordering the release on bond of hundreds of civil immigration detainees arrested during the Trump administration's surge of immigration enforcement operations in Illinois.
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November 20, 2025
Blue Shield Of California, Magellan Sued Over 'Ghost Network'
Blue Shield of California and Magellan Health maintain a "ghost network" directory of mental health providers who don't exist or don't accept new patients, leading customers to hit a dead end or desperately resort to expensive out-of-network providers, according to a proposed class action filed Wednesday in California federal court.
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November 20, 2025
Conservative Group Tells Justices Pot Ban Is Unconstitutional
Conservative advocacy group Americans for Prosperity Foundation is urging the U.S. Supreme Court to take up a petition in a case challenging the Controlled Substances Act's prohibition on state-legal cannabis, saying a 20-year-old precedent wrongly expanded Congress's power to regulate commerce.
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November 20, 2025
10th Circ. Weighs Colo. Law On Healthcare Sharing Plans
A Tenth Circuit panel grappled Thursday with how the court should interpret a Colorado law requiring entities not authorized to offer insurance in the state to report certain information about their healthcare sharing plans, in an appeal by a religious trade group challenging the law's constitutionality.
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November 20, 2025
NC Hotel Owner Says Insurer Botched Tornado Damage Claim
An insurer failed to conduct a meaningful investigation of a North Carolina hotel's claim for tornado damage, the property owner alleged in a suit removed to federal court, saying the insurer issued a "puzzling" coverage denial referencing damage at a property 150 miles away and a workplace injury in Florida.
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November 20, 2025
State AGs Want Further HPE-Juniper Integration Barred
The Democratic state attorneys general challenging the controversial U.S. Department of Justice settlement clearing Hewlett Packard Enterprise's $14 billion purchase of Juniper Networks want a California federal judge to bar the companies from "further integration" while they push the court to reject the deal outright.
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November 20, 2025
FirstEnergy Must Pay $250M In Ohio Bribery Scandal Fallout
FirstEnergy Corp.'s Ohio utilities were ordered to pay a combined $250.7 million in restitution to customers and civil forfeitures by the Public Utilities Commission of Ohio as part of the commission's investigation in response to the massive bribery scheme behind a $1.3 billion bailout for two nuclear energy plants.
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November 20, 2025
Conn. Faces Tough 2nd Circ. In 3M PFAS Enforcement Dispute
A Second Circuit panel on Thursday appeared receptive to 3M's argument that Connecticut's state lawsuit accusing it of polluting the environment with forever chemicals contained in consumer products actually belongs in federal court, where a similar lawsuit against the company is playing out.
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November 20, 2025
4th Circ. Revives Vaccine Bias Suit Against Humane Society
The Fourth Circuit on Thursday reopened a lawsuit alleging the Humane Society of the United States fired two remote employees rather than granting their religious requests to skip the COVID-19 vaccine, saying the workers had sufficiently connected their vaccine opposition to their faith.
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November 20, 2025
'Not Well-Taken': 2nd Bid To Halt CFPB Energy Loan Rule Fails
A Florida federal judge on Thursday smacked down a lender trade group's renewed bid to halt a Biden-era Consumer Financial Protection Bureau rule that will tighten standards on clean-energy home improvement loans, calling the emergency request wasteful and "not well-taken."
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November 20, 2025
FTC Withdraws In-House GTCR Merger Case
The Federal Trade Commission withdrew its administrative case challenging GTCR BC Holdings LLC's acquisition of a medical coatings supplier to consider whether to drop the case entirely after an Illinois federal judge refused to put the merger on hold.
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November 20, 2025
FCC Rescinds Contested Biden-Era Cybersecurity Ruling
The Federal Communications Commission on Thursday reversed a ruling made late in the Biden administration that required new steps from telecoms to beef up cybersecurity, even as an FCC Democrat decried the move as gutting the agency's response to the Salt Typhoon cyberattack.
Expert Analysis
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7 Areas To Watch As FTC Ends Push For A Noncompete Ban
As the government ends its push for a nationwide noncompete ban, employers who do not want to be caught without protections for legitimate business interests should explore supplementing their noncompetes by deploying elements of seven practical, enforceable tools, including nondisclosure agreements and garden leave strategies, say attorneys at Seyfarth.
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Shifting Crypto Landscape Complicates Tornado Cash Verdict
Amid shifts in the decentralized finance regulatory landscape, the mixed verdict in the prosecution of Tornado Cash’s founder may represent the high-water mark in a cryptocurrency enforcement strategy from which the U.S. Department of Justice has begun to retreat, say attorneys at Venable.
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Opinion
NYC Landlords Should Fight Unlawful Occupancy With 2 Laws
New York City property owners should proactively use the Multiple Dwelling Law and Administrative Code to maintain the integrity of the city's housing market, safeguard tenant safety and keep unlawful occupancy disputes out of the already overwhelmed New York City Housing Court, say attorneys at Rosenberg & Estis.
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5 Crisis Lawyering Skills For An Age Of Uncertainty
As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.
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Blockchain May Offer The Investor Protection SEC Seeks
As the U.S. Securities and Exchange Commission moves to control the ballooning costs of the consolidated audit trail and attempts to finally give regulators a unified, real-time picture of trading, blockchain demonstrates what it looks like when that kind of transparency is a baseline feature, not an aspirational overlay, says Tuongvy Le at Veda Tech Labs.
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Del. Dispatch: Chancery Expands On Caremark Red Flags
The Delaware Court of Chancery’s recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank.
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Opinion
It's Time For The Judiciary To Fix Its Cybersecurity Problem
After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.
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Prepping For Website Automatic Opt-Out Signal Mandates
Maryland's Online Data Privacy Act, which, along with a growing number of U.S. states, requires businesses to offer mechanisms in their privacy policies or online interfaces to allow individuals to opt out of data collection, marks a new frontier in consumer privacy, raising both technical and legal risks, say attorneys at Baker Donelson.
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Tips For Cos. Crafting Enforceable Online Arbitration Clauses
Recent rulings from the Ninth Circuit and the U.S. District Court for the Southern District of California indicate that courts are carefully examining the enforceability of online arbitration clauses, so businesses should review the design of their websites and consider specific language next to the "purchase" button, say attorneys at DTO Law.
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Who Will Regulate Insider Trading In Prediction Markets?
The possibilities for insider trading have greatly expanded in the brave new world of prediction markets, and both the U.S. Commodity Futures Trading Commission and U.S. Department of Justice could bring enforcement actions in the space, so businesses should revisit their insider trading and confidential information policies, say attorneys at Fenwick.
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Opinion
Crypto Bills' Narrow Scope Guarantees Continued Uncertainty
The Digital Asset Market Clarity Act and Responsible Financial Innovation Act aim to make the $4 trillion crypto market more transparent and less susceptible to fraud, but their focus on digital assets sold in investment contract transactions promises continued uncertainty for the industry, says Joe Hall at Davis Polk.
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Rules Of Origin Revamp May Be Next Big Trade Development
The rules of origin for determining what tariff applies to any given import appear to be on the cusp of an important rethink, and it seems likely that the administration will try to align the rule with its overall tariff strategy in one of three ways, says Ted Posner at Baker Botts.
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7 Lessons From The Tractor Supply CCPA Enforcement Action
The California Privacy Protection Agency's recent enforcement action targeting Tractor Supply for alleged violations of the California Consumer Privacy Act provides critical insights into the compliance areas that remain a priority for the California regulator, including businesses with significant consumer interactions, say attorneys at Troutman.
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Considering Judicial Treatment Of The 2023 Merger Guidelines
Courts have so far primarily cited the 2023 merger guidelines for propositions that do not differ significantly from prior versions of the guidelines, leaving it unclear whether the antitrust agencies will test the guidelines’ more aggressive theories, and how those theories will be treated by federal judges, say attorneys at Covington.
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Key Lessons From Youths' Suit Against Trump Energy Orders
A Montana federal court's recent decision in Lighthiser v. Trump, dismissing a challenge by a group of young plaintiffs to President Donald Trump's executive orders promoting fossil fuels, indicates that future climate litigants must anchor their suits in discrete, final agency actions and statutory text, say attorneys at ArentFox Schiff.