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August 05, 2026
A federal prosecutor on Wednesday told jurors in Brooklyn that emails and recordings back up allegations a former Goldman Sachs banker was the central player behind a plot to secure a lucrative energy contract by bribing Ghanaian government officials, while the defense argued that a dearth of evidence about illicit payments should doom the case.
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August 05, 2026
A Massachusetts federal judge Wednesday compared the U.S. Department of Defense's since struck-down reimbursement limit for grant-funded research to an "ostrich burying his head in the sand," awarding attorney fees to the academic organization that successfully challenged the policy.
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August 05, 2026
A key U.S. Senate committee Wednesday advanced four legislative proposals designed to shield children from online harms presented by addictive design features and artificial intelligence-powered chatbots, setting up a clash with a package of digital safety bills that has already passed the House but that several senators have blasted as "toothless."
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August 05, 2026
Several grocery chains, including Albertsons and Kroger, have accused a group of refined sugar companies including Domino Sugar of conspiring to artificially raise the cost of refined sugar through a "give to get" arrangement.
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August 05, 2026
Sports betting app Novig is taking an offensive stance against New York, telling a federal judge Wednesday that the state can't enforce its gambling and sports wagering laws over event-contract trading it says is regulated by the Commodity Futures Trading Commission.
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August 05, 2026
Roland Christensen of Arnold & Itkin LLP said that for the life of him, he couldn't understand why C.H. Robinson didn't cut a deal offered by the families of victims who burned to death following an 18-wheeler crash.
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August 05, 2026
A panel of Fifth Circuit judges on Wednesday raised new questions about the Federal Communications Commission's oversight of the country's $9 billion annual telecom subsidy program after a U.S. Supreme Court decision kept the fund intact last summer.
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August 05, 2026
A U.S.-based subsidiary of a Chinese fiberglass manufacturer has agreed to pay $5.1 million to resolve claims that it flouted eligibility requirements to receive a Paycheck Protection Program loan and loan forgiveness during the COVID-19 pandemic, ending a lawsuit brought under the whistleblower provision of the False Claims Act.
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August 05, 2026
The Justice Department's Antitrust Division signaled Wednesday that it may take enforcement action against Institutional Shareholder Services, withdrawing a 1987 letter stating the division would not do so and flagging "significant competition concerns" about the concentration of proxy advisory market power.
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August 05, 2026
The U.S. Army soldier accused of reaping prediction market profits with his knowledge of the January operation to capture Venezuelan President Nicolás Maduro wants to fight parallel actions from the U.S. Commodity Futures Trading Commission and the U.S. Justice Department at once, and contends the government can't use his case as an "experiment" for how to police trading on platforms like Polymarket.
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August 05, 2026
Kalshi agreed to implement geofencing restrictions by Aug. 26 to prevent people in Washington from making bets on the platform in accordance with a state judge's preliminary injunction, but the prediction market is still at odds with state officials over the scope of the court order.
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August 05, 2026
A Kansas state court has permanently enjoined a slew of restrictions on abortion care, including requirements that providers disclose patients' reasons for seeking an abortion to the state and inform patients about abortion pill "reversal" treatments the court said were "unlikely to be biologically plausible."
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August 05, 2026
A New York City law that would require DoorDash, GrubHub and other delivery apps to share customer data with the restaurants fulfilling food orders violates the First Amendment, the Second Circuit ruled Wednesday.
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August 05, 2026
The companies behind Posh, a well-known disposable vape brand, have agreed to pay Illinois $20 million and to halt sales of the e-cigarettes in the state, ending a lawsuit that accused them of marketing unapproved nicotine to minors, with a Chicago judge signing off on the consent decree.
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August 05, 2026
The Federal Communications Commission said Wednesday that it has returned $881 million that went unused in the TV Broadcaster Relocation Fund.
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August 05, 2026
The U.S. Securities and Exchange Commission announced Wednesday that it will create a specialized unit within its enforcement division to focus on fraud and misconduct in accounting, financial reporting and auditing, tapping a former Gibson Dunn & Crutcher LLP lawyer as head of the new unit.
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August 05, 2026
A trade group made up of about 35,000 wholesale distribution companies asked a Colorado federal judge Wednesday to issue an injunction preventing the state from enforcing a new recycling law, arguing that the law is unconstitutional.
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August 05, 2026
Texas Gov. Greg Abbott told the Public Utility Commission of Texas and the Electric Reliability Council of Texas to audit any data centers that are going through ERCOT's electric grid interconnection process, saying that an audit is needed because the demand from data centers seeking to connect to Texas' electric grid could overwhelm it.
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August 05, 2026
Taiwanese-based Everlight Electronics will pay the U.S. government $5.15 million to resolve duty evasion allegations in a dispute brought under the False Claims Act, the U.S. Attorney's Office for the District of Maryland announced Wednesday.
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August 05, 2026
A Texas federal court ruled Wednesday that the National Firearms Act and its enforcement of registration and transfer requirements are unconstitutional in light of the 2025 federal budget bill's elimination of taxes on certain firearms, handing a win to several gun rights advocacy groups.
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August 05, 2026
A Utah federal judge has allowed the state's gambling regulators to crack down on Kalshi's sports event contracts, rejecting the prediction market giant's argument that it should be shielded by federal law.
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August 05, 2026
The Consumer Financial Protection Bureau has finished a proposal to overhaul its Biden-era open-banking rule and has submitted it for White House clearance, a move that signals the agency is nearing publication of the highly anticipated draft changes.
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August 05, 2026
Loomis Sayles said Wednesday that it was dropping a lawsuit accusing Citigroup Global Markets of causing $70 million in trading losses when it fulfilled trades in shares of Shopify Inc. and Colgate-Palmolive Co. in violation of "best execution" practices.
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August 05, 2026
T-Mobile has asked a Washington judge to address issues that the company says were overlooked in his June ruling finding that T-Mobile committed more than 722,000 violations of a state data breach notification law.
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August 05, 2026
The U.K.'s Labour government should change its plans for new cross-border tax reporting rules because the draft rules are overly complex for financial firms and the timeline is unrealistic, an industry group warned.