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Compliance
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December 05, 2025
Mass. IOLTA Panel Says It's Owed Slice Of Residual Funds
A Massachusetts panel that oversees Interest on Lawyers' Trust Accounts asked the state's highest court Friday to at least partially unwind a $4 million class action settlement, saying a lower court didn't give it a chance to argue for a portion of what it says are "significant" residual funds.
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December 05, 2025
Nickel For Your Thoughts? Dems Want Plan For Ending Penny
Top Democrats on banking and financial services committees are claiming the Trump administration has not formulated a sufficient plan for the transition away from the penny and are asking for a public plan by Dec. 12.
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December 05, 2025
GC Cheat Sheet: The Hottest Corporate News Of The Week
An SEC panel has asked the agency to adopt regulations that could standardize the way publicly traded companies report details about AI use. Meanwhile, the FCC approved AT&T's $1 billion UScellular deal after AT&T became the latest of the big three mobile carriers to agree to do away with diversity, equity and inclusion policies. These are some of the stories in corporate legal news you may have missed in the past week.
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December 05, 2025
Georgia Turns To 11th Circ. In Trans Prisoner Care Fight
The Eleventh Circuit will get a chance to weigh in on a district judge's recent decision requiring the Georgia Department of Corrections to provide hormone therapy to transgender inmates, according to a Friday filing in federal court.
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December 05, 2025
Judge Denies Firms' Bid To Clarify CFPB's MoneyLion Deal
A New York federal judge has denied a request by consumer advocate law firms to add clarifying language to the Consumer Financial Protection Bureau's recently approved $1.75 million settlement with MoneyLion Technologies Inc., noting that the advocates did not seek to intervene in the suit and that the CFPB and MoneyLion both oppose the request.
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December 05, 2025
Divided DC Circ. Backs Trump's NLRB, MSPB Firings
A split D.C. Circuit panel on Friday upheld President Donald Trump's firings of two labor agency officials in spite of their statutory job protections, saying they wield enough executive power that Congress can't restrict the president's authority to fire them.
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December 05, 2025
Elon Musk's X Fined €120M By EU For Misleading Users
The European Commission revealed Friday that it has fined social media platform X €120 million ($140 million) for breaching European Union digital transparency rules, including by "deceiving" users through the blue checkmarks for so-called verified accounts.
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December 04, 2025
Dems Press CFPB's Vought On Mortgage Rate Shutdown Plan
Senate Democrats are demanding clarity on the fate of the Consumer Financial Protection Bureau's benchmark mortgage-rate work if the Trump administration lets the agency go dark, warning of imminent potential chaos for the $13 trillion mortgage market.
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December 04, 2025
Crypto Investors Fight To Revive Ripple Suit At 9th Circ.
A certified class of investors urged the Ninth Circuit on Thursday to revive allegations Ripple Labs violated securities laws through unregistered sales of digital-token XRP, arguing the lower court misapplied the Ninth Circuit's SEC v. Murphy precedent in granting Ripple summary judgment under a three-year statute of repose.
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December 04, 2025
Fla. Gov Floats AI 'Bill Of Rights' Amid Federal Pushback
Florida's Republican governor on Thursday put forth a proposed framework to protect consumers from potential risks posed by artificial intelligence systems, including unauthorized uses of their data and the harms that chatbots pose to minors, a move that comes as the Trump administration and some Republicans in Congress push for states to be blocked from regulating the emerging technology.
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December 04, 2025
Citadel Securities Sparks Crypto Clash Over DeFi Exemptions
Citadel Securities ignited debate with crypto advocates this week when it told the U.S. Securities and Exchange Commission that decentralized finance projects dealing in tokenized securities should broadly be subject to the same obligations as traditional exchanges and broker-dealers.
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December 04, 2025
OFAC Fines Real Estate Firm $7M Over Sanctions Violations
The Department of the Treasury's Office of Foreign Assets Control on Thursday fined a New York property management company more than $7 million for allegedly violating Russian sanctions by receiving payments on behalf of a company owned by a sanctioned Russian oligarch.
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December 04, 2025
1st Spot Crypto Market To Launch Amid CFTC 'Crypto Sprint'
Derivatives exchange Bitnomial said Thursday it is poised to launch the first spot crypto exchange regulated by the U.S. Commodity Futures Trading Commission, with guidance from Katten Muchin Rosenman LLP.
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December 04, 2025
SEC Investor Panel Presses For Corporate AI Disclosures
A U.S. Securities and Exchange Commission working group is urging the agency to adopt regulations that could standardize the way publicly traded companies report the way they use artificial intelligence, arguing Thursday that investors are not always being kept informed about the risks of the technology.
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December 04, 2025
Kalshi Sues Conn. Over Online Gambling Enforcement Case
Derivatives exchange KalshiEX LLC has sued the Connecticut Department of Consumer Protection and its leaders over a cease-and-desist order issued by the department directing Kalshi to stop operations within the state.
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December 04, 2025
Gov't Watchdog To Probe FHFA Mortgage Fraud Referrals
The Government Accountability Office will review whether Federal Housing Finance Agency Director William Pulte weaponized mortgage fraud investigations against the president's perceived political opponents and flouted the agency's typical investigation process.
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December 04, 2025
Kimmel Brouhaha Brings Out Levity At DC's 'Telecom Prom'
ABC late-night host Jimmy Kimmel's roller coaster ride at the hands of the Federal Communications Commission took center stage Wednesday at a light-hearted Washington dinner for telecom lawyers, as FCC Chair Brendan Carr served up a comedic bit over the controversy that followed Kimmel's recent war of words with the agency chief.
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December 04, 2025
9th Circ. Says Species' Competing Interests Impact ESA Cases
The Ninth Circuit has ruled that when a court-ordered injunction would protect one animal or plant covered by the Endangered Species Act but harm another, the court must weigh their "competing" interests before taking action.
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December 04, 2025
EU To Probe Meta's WhatsApp Restrictions On AI Providers
European enforcers have launched an investigation into recent changes Meta made to its WhatsApp policies over concerns that they block artificial intelligence providers from communicating with their users on the messaging platform.
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December 04, 2025
NY Fed. Court Urged To Vacate ICE's Courthouse Arrest Policy
Two New York-based nonprofit organizations that provide immigration and settlement services are urging a federal court to halt arrests of noncitizens at immigration courts, while the Trump administration has responded that such arrests are discretionary decisions outside the court's purview.
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December 04, 2025
Ex-CEO Of Failed Okla. Bank Indicted On Fraud Charges
The former president and CEO of the now-defunct Oklahoma-based First National Bank of Lindsay has been charged with bank fraud involving sham deposits in customer accounts and falsified loan documents, according to a federal indictment.
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December 04, 2025
Supreme Court Allows Texas Redistricting Map To Stay For Now
The U.S. Supreme Court gave Texas a green light Thursday to adopt its redrawn congressional map ahead of the 2026 midterm elections, staying a decision by the lower court that blocked the new maps as the case plays out.
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December 04, 2025
Credit Firm Fined $20K For Misleading Colorado Consumers
The Colorado attorney general's office announced Thursday that it reached a $20,000 settlement with a credit repair service that operated a "piggybacking" scheme in violation of the Colorado Credit Services Organization Act, according to a news release.
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December 04, 2025
Mass. Justices Unlikely To Revive Verizon Tower Suit
Justices on Massachusetts' highest court appeared unlikely to second-guess a local health board's decision to drop an enforcement action against Verizon over perceived health effects from a cell tower after the telecom filed suit.
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December 04, 2025
NC Court Blocks AI Tech Rollout Amid Trade Secret Dispute
A North Carolina federal judge agreed with Canada-based Atlas Power Technologies Inc. that its multimillion-dollar technology for data centers using artificial intelligence will be endangered by the launch of a parallel product from a board member in coming weeks, granting the company's request for a temporary restraining order.
Expert Analysis
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5 Bonus Plan Compliance Issues In Financial Services
As several legal constraints — including a new California debt repayment law taking effect in January — tighten around employment practices in the fiercely competitive financial services sector, the importance of compliant, well-drafted bonus plans has never been greater, say attorneys at Jackson Lewis.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.
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1st Trial After FCPA Pause Offers Clues On DOJ Priorities
After surviving a government review of Foreign Corrupt Practices Act enforcement, the U.S. v. Zaglin case reveals the U.S. Department of Justice still appears willing to prosecute individuals for conduct broadly consistent with classic priorities, despite the agency's new emphasis on foreign policy priorities, say attorneys at Debevoise.
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Opinion
Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.
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Key Strategies For Supplement Cos. Facing Lead Risks
In the wake of a recent Consumer Reports article detailing dangerously high levels of lead in many popular protein powders, supplement companies face increased litigation, rising enforcement risks and reputational harm — underscoring the need to monitor supply chains, test ingredients and understand labeling standards, say attorneys at Husch Blackwell.
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How AI Tech Suppliers Can Address IP Lawyers' Concerns
While artificial intelligence tools can help intellectual property lawyers be more productive and effective, AI tech providers must address issues of privilege, data privacy and confidentiality to make their technology viable and useful for IP law, say Tom Colson at Colson Law and Kevin Bronson at Simpson & Simpson.
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From Bank Loans To Private Credit: Tips For Making The Shift
The relationship between private credit and syndicated bank deals will evolve as the private market continues to grow, introducing new challenges for borrowers comparing financing options, particularly pertaining to loan documentation and working capital, say attorneys at Haynes Boone.
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3 Takeaways From FDA Cell And Gene Therapy Draft Guidance
The U.S. Food and Drug Administration recently published draft guidance documents that sketch the clearest picture yet of the evolving regulatory framework for cell and gene therapies, reflecting an agency that is increasingly comfortable with flexible, science-driven approaches that extend beyond clinical trial models, say attorneys at MoFo.
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Wells Process Reforms Serve SEC Chair's Transparency Goals
Enforcement policy changes U.S. Securities and Exchange Commission Chairman Paul Atkins recently set forth will help fulfill his stated goal of making Division of Enforcement investigations more fair and transparent by changing the Wells process to provide recipients earlier consultations with SEC staff, greater evidence access and more time to file responses, say attorneys at Dechert.
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The Ins And Outs Of Decentralized Digital Asset Exchanges
As decentralized digital asset exchanges lack intermediaries, and so remain susceptible to fraud and market manipulation, an understanding of their design is crucial to help market participants avoid fraudulent practices such as liquidity rug pulls, says Swati Kanoria at Charles River.
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Contradictory Rulings Show Complexity Of Swaps Regulation
Recent divergent rulings, including two by the same Nevada judge, on whether the Commodity Exchange Act preempts state gambling laws when applied to event contracts traded on U.S. Commodity Futures Trading Commission-regulated markets illustrate the uncertainty regarding the legality of prediction markets, say attorneys at Akin.
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How New Law Transforms Large-Load Power Projects In Texas
S.B. 6 — the new Texas law that revises state regulations for large electrical loads and related behind-the-meter projects — introduces higher up-front costs for developers and more flexible operating models for large-load customers, but should provide the certainty needed for greater investment in generation, say attorneys at Sidley.
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How Cos. Should Prepare For Prop 65 Listing Of Bisphenols
California regulators are moving toward classifying all p,p'-bisphenol chemicals as causing reproductive toxicity under Proposition 65, which could require warning notices for a vast range of consumer and industrial products, and open the floodgates to private litigation — so companies should proactively review their suppy chains, says Gregory Berlin at Alston & Bird.
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.
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Series
My Miniature Livestock Farm Makes Me A Better Lawyer
Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.