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October 01, 2025
SEC Gives Crypto Custody Nod To State Trust Companies
The U.S. Securities and Exchange Commission staff has assured registered investment advisers and certain fund issuers they won't risk an enforcement action by using state trust companies as cryptocurrency custodians in a move that some praised as widening access to more crypto-savvy custody options and others decried as an erosion of custody rules.
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October 01, 2025
Alphabet CLO Urges Europe To Clear Hurdles For AI
Kent Walker, president of global affairs and chief legal officer for Google and Alphabet, on Wednesday called on the European Union to do away with "regulatory complexity" as global competition in artificial intelligence intensifies, saying European businesses are finding regulation to be their biggest hurdle to investment in the bloc.
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October 01, 2025
Drone Maker Can't Arbitrate Minor's Suit Over Eye Injuries
A Texas federal judge on Tuesday rejected a motion to compel arbitration in a case brought by a minor who was legally blinded in one eye by a drone, finding that the minor had disavowed the arbitration agreement both when he was underage and when he turned 18.
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October 01, 2025
Economist Says Google's Ad Tech Fix Enough To Boost Rivals
Google's expert economics witness urged a Virginia federal judge Wednesday not to break up the search giant's advertising placement technology business, arguing the company's counterproposal would free up rivals without the "market reengineering" threatened by the Justice Department's proposed remedies.
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October 01, 2025
Squires Jumps Right Into Patent Eligibility Reform
U.S. Patent and Trademark Office Director John Squires used his first week at the agency to make bold statements about what should be eligible for patenting, with patent owners celebrating his support of diagnostics, crypto and machine learning technologies.
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October 01, 2025
Google Unit Flags China-Linked Cyberthreat To Legal Sector
The U.S. legal sector, as well as the software and tech industries, are being targeted by hackers with suspected ties to the Chinese government who use malware to creep into computer systems and maintain access to the targeted organizations, according to a warning issued by Google's Threat Intelligence Group.
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October 01, 2025
Quantum Can't Nix FTC Order Over $5.2B Natural Gas Deal
Quantum Energy Partners is not going to be allowed out from under a consent order it inked with the Federal Trade Commission that had allowed a $5.2 billion oil and gas deal with EQT Corp. to go through, the agency has announced.
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October 01, 2025
Coinbase Gets Securities Suit Over Biz Risks Trimmed
A New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and regulatory disclosures that aren't based on group pleading can proceed, while claims related to proprietary trading statements were dismissed.
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October 01, 2025
Here's How The SEC Survived 2 Prior Shutdowns
The U.S. Securities and Exchange Commission sent home 90% of its staff Wednesday, including the bulk of its enforcement division, as the agency braces for a shutdown of uncertain length by drawing on lessons from two prior long-running impasses in the past 12 years.
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October 01, 2025
CFPB 'Will Continue Operations' As Gov't Shutdown Hits
The Consumer Financial Protection Bureau has told its staff to expect business as usual amid the government shutdown that began Wednesday, assuring them that operations, pay and benefits will continue uninterrupted, according to an internal email obtained by Law360.
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October 01, 2025
Ex-Texans CEO Seeks $100M, Says NFL Colluded To Oust Him
The eldest son of the late Houston Texans owner Bob McNair is accusing the NFL in a $100 million New York state lawsuit of conspiring with his brother to "silence" and oust him as a board member of the family trust and as CEO of McNair Interests.
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October 01, 2025
'Squid Game' Doesn't Rip Off Bollywood Film, Judge Rules
A Manhattan federal judge has tossed a lawsuit brought by an Indian screenwriter who accused Netflix of ripping off a Bollywood film he wrote and directed to create the first season of "Squid Game," saying the two works weren't substantially similar despite centering on characters competing in deadly games to win prize money.
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October 01, 2025
Charter Sued In Chancery For Docs On Liberty Deal
A Charter Communications Inc. pension fund stockholder sued the company for documents on its proposed $17 billion buyout of Liberty Media on Wednesday, citing concerns that the controller of both companies lined up a "severely" overpriced deal at the expense of Charter's public investors.
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October 01, 2025
DC Circ. Won't Rethink Return Of Head Of Copyright Office
The D.C. Circuit said Wednesday that it won't rethink its decision to temporarily reinstate the head of the U.S. Copyright Office, who was fired by President Donald Trump as her lawsuit against the administration plays out in court.
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October 01, 2025
States Accuse Zillow, Redfin Of Deal To End Competition
A coalition of states followed their federal counterparts with an antitrust lawsuit in Virginia federal court Wednesday accusing Zillow of paying Redfin more than $100 million to stop competing for the sale of rental housing advertisements on their listing services.
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October 01, 2025
Monthly Merger Review Snapshot
The Federal Trade Commission put the final tweaks on its deal allowing a $13.5 billion merger of marketing companies to move ahead and pushed its bid to block a merger in the medical device coatings industry, while U.K. enforcers launched a number of merger probes.
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October 01, 2025
UBS Says Ex-Advisers Poached $1.4B In Clients For New Firm
UBS Financial Services has accused several of its former financial advisers of violating nonsolicitation and confidentiality agreements by plotting to launch a rival firm and poaching clients with $1.4 billion in assets, damaging UBS and its other former employees still entitled to client revenue.
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October 01, 2025
OpenAI Blasts X's Suit Over Apple Deal As 'Lawfare' Campaign
Apple Inc. and OpenAI Inc. have asked a Texas federal court to toss an antitrust case from X targeting a deal to integrate ChatGPT into iPhones, with OpenAI saying X's billionaire owner Elon Musk is waging a multipronged "lawfare" campaign against it.
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October 01, 2025
Ex-Market Basket CEO Says Sisters, Board Plotted Ouster
The former CEO of New England supermarket chain Market Basket on Wednesday accused his own sisters and the firm's board members of colluding to take control over the $8 billion-a-year company by setting up a "sham" investigation to justify his firing.
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October 01, 2025
Chancery Rules Beachbody Shareholder Suit Time-Barred
A Delaware Chancery judge has dismissed a stockholder lawsuit accusing the backers of Forest Road Acquisition Corp. of misleading investors in their $3 billion merger with digital fitness and nutrition company Beachbody, ruling that the claims were brought more than three years too late.
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October 01, 2025
USPTO Lays Off Employees, Closes Rocky Mountain Office
The U.S. Patent and Trademark Office laid off some employees Wednesday as part of a reduction-in-force that's affecting around 1% of the agency's workforce, making the move on the first day of the government shutdown, according to sources familiar with the plans.
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October 01, 2025
Ex-School GC Beats Charge Of Violating Grand Jury Secrecy
A split Florida state appellate panel on Wednesday called for tossing an indictment against a former school district general counsel for violating the secrecy of a grand jury related to a 2018 mass shooting, finding that the statewide grand jury that charged her did not have the authority to do so.
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October 01, 2025
Baker Donelson Brings On Construction Biz COO In Atlanta
Baker Donelson Bearman Caldwell & Berkowitz PC has added the chief operating officer and former general counsel of construction, program management and real estate development company H. J. Russell & Co. to its Atlanta office, strengthening its real estate group.
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October 01, 2025
NLRB Nominee Pledges To Resist Pressure From Trump
One of President Donald Trump's nominees to serve on the National Labor Relations Board said at a U.S. Senate confirmation hearing Wednesday that he would resist a directive from the president to rule for Amazon or SpaceX in a dispute with their workers.
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October 01, 2025
The Top In-House Hires Of September
Legal department hires over the past month included high-profile appointments at Microsoft, TD Bank and Compass. Here, Law360 Pulse looks at some of the top in-house announcements from September.
Expert Analysis
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M&A Ruling Reinforces High Bar For Aiding, Abetting Claims
The Delaware Supreme Court's recent decision in In re: Columbia Pipeline may slow the filing of aiding and abetting claims against third-party buyers in situations where buyers negotiate aggressively, putting buy-side dealmakers' minds at ease that they likely won't be liable for seeking the best possible deal, say attorneys at Simpson Thacher.
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Series
Creating Botanical Art Makes Me A Better Lawyer
Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.
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2 Circuit Court Rulings Offer A Class Certification Primer
Two recent decisions from the Third and Sixth Circuits provide guidance on the rigorous analysis of predominance that courts might require for class certification, and insights into how defendants might oppose or narrow potential class actions, say attorneys at DLA Piper.
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Del. Dispatch: Conflicted Transactions And New Safe Harbors
Two recent Delaware Court of Chancery decisions involving conflicted transactions underscore that the new safe harbors established by the Delaware General Corporation Law amendments passed in March, going forward, provide a far easier route to business judgment review of conflicted transactions than were previously available, say attorneys at Fried Frank.
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Supreme Court's Criminal Law Decisions: The Term In Review
Though the U.S. Supreme Court’s criminal law decisions in its recently concluded term proved underwhelming by many measures, their opinions revealed trends in how the justices approach criminal cases and offered reminders for practitioners, says Kenneth Notter at MoloLamken.
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Opinion
The Legal Education Status Quo Is No Longer Tenable
As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.
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The Int'l Compliance View: Everything Everywhere All At Once
Changes to the enforcement landscape in the U.S. and abroad shift the risks and incentives for global compliance programs, creating a race against the clock for companies to deploy investigative resources across worldwide operations, say attorneys at Dentons.
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Unpacking Notable Details From FTC's 'AI Washing' Cases
The Federal Trade Commission has brought many cases involving allegedly deceptive artificial intelligence claims over the past couple of years, illustrating overlooked aspects of AI washing generally and a few new types of AI marketing claims that may line up in regulatory crosshairs down the road, says Michael Atleson at DLA Piper.
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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Justices' Age Verification Ruling May Lead To More State Laws
The U.S. Supreme Court’s recent Free Speech Coalition v. Paxton ruling, permitting a Texas law requiring certain websites to verify users’ ages, significantly expands states' ability to regulate minors’ social media access, further complicating the patchwork of internet privacy laws, say attorneys at Troutman.
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The Pros, Cons Of A Single Commissioner Leading The CFTC
While a single-member U.S. Commodity Futures Trading Commission may require fewer resources and be more efficient, its internal decision-making process would be less transparent to those outside the agency, reflect less compromise between competing viewpoints and provide the public with less predictability, says former CFTC Commissioner Dan Berkovitz.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Opinion
Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Now Is The Time To Prep For SEC's New Data Breach Regs
Recent remarks from the U.S. Securities and Exchange Commission’s acting director of the Division of Examinations suggest that the commission will support exams for compliance with its new data breach detection and reporting regulations, and a looming deadline means investment advisers and broker-dealers must act now to update their processes, say attorneys at McGuireWoods.
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Corp. Human Rights Regulatory Landscape Is Fragmented
Given the complexity of compliance with nations' overlapping human rights laws, multinational companies need to be cognizant of the evolving approaches to modern slavery transparency, and proposals that could reduce mandatory due diligence and reporting requirements, say attorneys at Simpson Thacher.