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Fintech
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November 14, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen Freeths face a professional negligence claim from a Scottish car dealership, Rolls-Royce sue logistics giant Kuehne + Nagel, and a team of Oberon Investments Group investment managers sued by their former employer.
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November 13, 2025
As Backlogged SEC Reopens, Attys Jostle To 'Get In Line'
Thousands of U.S. Securities and Exchange Commission employees who were sent home last month finally returned to their offices Thursday, and experts say it will likely take at least a month for them to catch up with a backlog of casework and submissions for initial public offerings.
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November 13, 2025
Coinbase Counsel's DExit Letter Triggers Class Atty Pushback
A Grant & Eisenhofer PA principal has challenged Coinbase Global Inc.'s continued limiting of public disclosures in a Delaware Court of Chancery suit alleging insider trading ahead of a stock plunge, after the company told the U.S. Securities and Exchange Commission Wednesday it will recharter in Texas.
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November 13, 2025
Bank Regulators Preview Timelines For Planned Fintech Rules
Federal banking regulators say they're focused on executing their fintech rulemaking agendas in the coming months, with the Federal Deposit Insurance Corp. planning to circulate a stablecoin licensing regime by year's end and the Federal Reserve intending to provide fintechs easier access to its payment rails by the close of next year.
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November 13, 2025
OCC Must Deny Sony Bank's Crypto Charter Bid, Critics Say
Banking and community interest groups are urging the Office of the Comptroller of the Currency to reject Sony Bank's bid to charter a cryptocurrency-focused offshoot, warning it could exceed the agency's authority and risk skirting longstanding banking system safeguards.
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November 13, 2025
Davis Polk, Skadden Guide Grayscale IPO Filing
Digital currency investment platform Grayscale Investments Inc. indicated plans for an initial public offering in a November securities filing prepared by Davis Polk & Wardwell LLP and Skadden Arps Slate Meagher & Flom LLP.
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November 13, 2025
EngageSmart Deal 'Screams' Disclosure Failures, Atty Says
The record surrounding payment venture EngageSmart Inc.'s $4 billion take-private sale to affiliates of Vista Equity Partners LLC "screams" transparency shortfalls on the part of company directors and others, an attorney for stockholders who challenged the deal in Delaware's Court of Chancery told a vice chancellor on Thursday.
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November 13, 2025
BofA Double-Charges Autopay Users Who Pay Early, Suit Says
Bank of America does not adjust automatic payments on credit cards when customers pay off their statement balance in the middle of a billing cycle and ends up charging them a second time, despite there being no outstanding balance, according to a proposed class action filed Tuesday in Illinois federal court.
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November 13, 2025
Silvergate Bank Parent Gets OK For Ch. 11 Plan
A Delaware bankruptcy judge on Thursday approved the Chapter 11 plan of the parent company of failed cryptocurrency-focused Silvergate Bank after hearing the company had resolved all objections to the proposal.
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November 13, 2025
Robinhood Can't Block Hypothetical Mass. Gaming Liability
A Massachusetts federal judge on Thursday refused to preemptively shield Robinhood against hypothetical enforcement actions based on the financial platform's role in offering access to prediction market KalshiEX.
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November 13, 2025
C3 AI Considers Sale After CEO Departs, Plus More Rumors
Artificial intelligence software provider C3 AI is exploring a sale after its founder and CEO stepped down earlier this year, British telecommunications provider SCG weighs a potential sale at a $1.07 billion valuation, and U.K.-based fintech company Iwoca is in talks about a sale that could value it at $1.34 billion.
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November 12, 2025
CFPB Forges Ahead On Rules As Funding Hangs In Doubt
The Consumer Financial Protection Bureau is rolling out plans to narrow how it defines and watches out for lending discrimination, even as the Trump administration casts fresh doubt on any plans to fund the agency once its reserves dry up.
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November 12, 2025
Feds Launch Crypto Scam Strike Force With New Sanctions
Federal authorities said Wednesday they have created a strike force targeting cryptocurrency-related fraud and scams originating in Southeast Asia, a development announced alongside the addition of a Burmese armed group to a list of entities under U.S. sanctions.
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November 12, 2025
Investor Accuses Cable Provider Of Unfair Buyout Proposal
A proposed buyout of cable operator WideOpenWest Inc. from its controlling shareholder is under fire in Colorado state court from an investor who claims the company's recent proxy statement fails to disclose the "troubling motivations and conflicts of interest" of WOW's executives and directors.
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November 12, 2025
Coinbase To Move To Texas, Citing 'Litigious' Delaware
Coinbase told the U.S. Securities and Exchange Commission on Wednesday that the cryptocurrency exchange is leaving Delaware to reincorporate in Texas, citing the "increasingly litigious environment in Delaware" and the Lone Star State's recently enacted laws that place numerous restrictions on shareholder suits and help shield executives from investor litigation.
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November 12, 2025
10th Circ. Reverses Halt Of Colo.'s Opt-Out Interest Rate Law
A Tenth Circuit majority has restored a Colorado law barring out-of-state banks from issuing loans that violate the state's interest rate caps on consumer lending, ruling in a matter of first impression that the opt-out provision of a federal interest rate law refers to loans in which either the lender or the borrower is located in the opt-out state.
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November 12, 2025
PTAB Officials Back Visa Win After Squires-Ordered Review
Three top Patent Trial and Appeal Board judges have rejected a patent owner's bid to undo the board's findings invalidating credential verification patent claims that Visa Inc. challenged, after U.S. Patent and Trademark Office Director John Squires asked them to take another look at the case.
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November 12, 2025
Fed. Circ. Won't Restore Payment Processing Patent Claims
The Federal Circuit on Wednesday affirmed the Patent Trial and Appeal Board's invalidation of claims from three CloudofChange LLC patents, two of which are involved in a separate multimillion-dollar lawsuit.
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November 12, 2025
Feds Eye New Trial For MIT Brothers' $25M Crypto Theft Case
Federal prosecutors want to retry two MIT-educated brothers accused of a $25 million cryptocurrency heist next year, after a New York court declared a mistrial last week following the jury's failure to reach a unanimous verdict.
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November 12, 2025
Ex-CFPB Enforcers Launch Consumer Litigation Project
Three former enforcement attorneys of the Consumer Financial Protection Bureau have joined the advocacy group Protect Borrowers as senior fellows to launch a new litigation project focused on the "weaponization of corporate power that is plunging working people into financial crisis."
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November 12, 2025
Fintech StoneCo Investors Get First OK For $27M Settlement
Payment processing company StoneCo Ltd. and its investors have received preliminary approval from a New York federal judge of their $26.8 million settlement ending claims the company misled investors about its role in the failure of a merchant lending program it once offered in Brazil.
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November 12, 2025
SEC Atty Broke Shutdown Protocol With Subpoena, Suit Says
The U.S. Securities and Exchange Commission is facing a lawsuit in Texas federal court claiming it violated its own shutdown protocols when its Fort Worth office sought the financial records of a woman whose husband is currently under SEC investigation.
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November 12, 2025
SEC's Atkins Previews Crypto 'Taxonomy' Plans, Exemptions
U.S. Securities and Exchange Commission Chairman Paul Atkins on Wednesday pledged to "draw clear lines" about which crypto transactions the SEC doesn't regulate, but said that coming rules and exemptions for digital assets are "not a promise of lax enforcement at the SEC."
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November 12, 2025
Nasdaq Could Open Texas' 2nd Stock Exchange Next Year
Nasdaq on Wednesday announced plans to launch a Texas-based exchange in the hopes of joining a startup group that has already received permission to allow companies to publicly list in the Lone Star State next year.
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November 12, 2025
Judge Wary Of Robinhood's Bid For Prediction Markets Ruling
A Massachusetts federal judge appeared reluctant Wednesday to preemptively shield Robinhood from enforcement actions over its role in prediction markets, a request the state says is an attempt to "undercut" gaming regulators' separate pending lawsuit against the company's partner KalshiEX.
Expert Analysis
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Despite SEC Reset, Private Crypto Securities Cases Continue
While the U.S. Securities and Exchange Commission under the Trump administration has charted a new approach to crypto regulation, the industry still lacks comprehensive rules of the road, meaning private plaintiffs continue to pursue litigation, and application of securities laws to crypto-assets will be determined by the courts, say attorneys at Skadden.
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Crypto Custody Guidelines Buoy Both Banks And Funds
A statement released last month by banking regulators — highlighting risks that the agencies expect banks holding crypto-assets to mitigate — may encourage more traditional institutions to offer crypto-asset safekeeping and thereby offer asset managers more options for qualified custodians to custody crypto-assets for their clients, say attorneys at Dechert.
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Top Takeaways From Trump's AI Action Plan
President Donald Trump's AI Action Plan represents some notable evolution in U.S. policy, including affirmation of the administration's trend toward prioritizing artificial intelligence innovation over guardrails and toward supporting greater U.S. private sector reach overseas, say attorneys at WilmerHale.
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Rebuttal
BigLaw Settlements Should Not Spur Ethics Deregulation
A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.
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5 Ways Lawyers Can Earn Back The Public's Trust
Amid salacious headlines about lawyers behaving badly and recent polls showing the public’s increasingly unfavorable view of attorneys, we must make meaningful changes to our culture to rebuild trust in the legal system, says Carl Taylor at Carl Taylor Law.
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Series
Hiking Makes Me A Better Lawyer
On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.
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White House Report Strikes An Optimistic Note On Crypto
Taking seriously President Donald Trump's pledge to adopt a pro-innovation mindset toward digital assets and blockchain technologies, a recent benchmark White House report on crypto provides a comprehensive regulatory framework that takes into account the products' novel characteristics within the high-tech ecosystem, say attorneys at Davis Wright.
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Series
Law School's Missed Lessons: Negotiation Skills
I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.
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Opinion
Bar Exam Reform Must Expand Beyond A Single Updated Test
Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.
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A Simple Way Courts Can Help Attys Avoid AI Hallucinations
As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.
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Surveying The Changing Overdraft Fee Landscape
Despite recent federal moves that undermine consumer overdraft fee protections, last year’s increase in fee charges suggests banks will face continued scrutiny via litigation and state regulation, says Amanda Kurzendoerfer at Bates White.
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The Road Ahead For Digital Assets Looks Promising
With new legislation expected to accelerate the adoption of blockchain technology, and with regulators taking a markedly more permissive approach to digital assets, the convergence of traditional finance and decentralized finance is closer than ever, say attorneys at Dechert.
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How Securities Defendants Might Use New Wire Fraud Ruling
Though the Second Circuit’s recent U.S. v. Chastain decision — vacating the conviction of an ex-OpenSea staffer — involved the wire fraud statute, insider trading defendants might attempt to import the ruling’s reasoning into the securities realm, says Jonathan Richman at Brown Rudnick.
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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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Compliance Is A New Competitive Edge For Mortgage Lenders
So far, 2025 has introduced state and federal regulatory turbulence that is pressuring mortgage lenders to reevaluate the balance between competitive and compliant employee and customer recruiting practices, necessitating a compliance recalibration that prioritizes five key strategies, say attorneys at Mitchell Sandler.