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Fintech
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October 27, 2025
$HAWK Buyers Get Suits Over Coin Flop Consolidated
A New York federal court on Monday granted two groups of buyers of the viral "Hawk Tuah" meme-themed cryptocurrency to combine their securities suits against the meme coin's promoters and developers.
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October 27, 2025
Kalshi Sues NY Regulator Over Cease-And-Desist Letter
Trading platform Kalshi on Monday accused the New York State Gaming Commission of intruding into the federal government's regulatory authority over derivatives trading, in a lawsuit following a cease-and-desist letter it received from the state regulator for allegedly illegal sports wagering.
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October 27, 2025
Trump Taps Ex-Willkie Atty For 2nd Shot At Filling CFTC Chair
President Donald Trump has chosen a former Willkie Farr & Gallagher LLP partner and top attorney on the U.S. Securities and Exchange Commission's cryptocurrency task force to head the U.S. Commodity Futures Trading Commission, tapping the crypto industry advocate to lead an agency struggling with a leadership void.
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October 27, 2025
CFPB Says States Can't Enact Medical Debt Reporting Bans
The Consumer Financial Protection Bureau said Monday that it now believes federal law blocks efforts by states to ban medical debt from credit reports or enact most other credit reporting rules of their own, breaking sharply from its Biden-era stance on the topic.
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October 27, 2025
Ex-Startup CFO's Crypto Wire Fraud Trial Begins In Seattle
Federal prosecutors told a Seattle jury on Monday that the former chief financial officer of a Seattle-based startup committed wire fraud by funneling $35 million into his fintech venture that was wiped out during a subsequent cryptocurrency collapse, with defense counsel countering that "losing money with a bad investment is not a crime."
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October 27, 2025
PayPal Accused Of Hiding Evidence In Charity Donation Suit
PayPal has been accused of abusing confidentiality rules by mislabeling documents as secret to unjustly shield its business practices from scrutiny amid a lengthening discovery dispute in a user's federal suit over the platform's charitable distributions.
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October 27, 2025
6th Circ. Judges Question FINRA's 'Voluntary' Membership
Sixth Circuit judges probed the effect on private securities regulators of a U.S. Supreme Court decision limiting the U.S. Securities and Exchange Commission's use of in-house courts Monday, though a procedural issue may thwart the appeal.
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October 27, 2025
Robinhood User Attys Forgo Fee Over 'Unusually High' Costs
Attorneys representing Robinhood users said they will forgo fees after racking up "unusually high" costs brokering the $2 million settlement of a consolidated class action alleging the investing platform failed to disclose financial interests, affecting how customers' orders were handled.
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October 27, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court and Delaware Supreme Court saw another busy week of disputes spanning biotech milestones, reincorporation showdowns, shareholder voting schemes and cryptocurrency fiduciary rights.
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October 27, 2025
Prime Core Ch. 11 Admin Says It Cashed Out Crypto For $35M
The Chapter 11 plan administrator for defunct cryptocurrency custodian Prime Core told a Delaware bankruptcy judge Monday that it raised about $35 million by selling Prime's crypto assets and expects to begin creditor distributions early next year.
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October 24, 2025
JPMorgan Accuses Charlie Javice Of 'Abusive' Atty Fee Billing
JPMorgan Chase & Co. on Friday asked a Delaware state judge to reverse a 2023 order requiring the bank to cover the legal fees of convicted Frank founder Charlie Javice, arguing that the court must put a stop to her "abusive billing."
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October 24, 2025
Fed Moves To Open Stress Test Models In 'Transparency' Push
The Federal Reserve Friday issued a package of proposals to open up its stress-testing models and scenario designs to public scrutiny, pulling back the curtain on a process that helps determine capital requirements for the nation's biggest banks.
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October 24, 2025
Crypto Boss Loses Bid To Cut Sentence Over $36M Fraud
A New York federal judge on Friday refused to further trim an eight-year prison sentence that a crypto entrepreneur has been serving for his role in a $36 million crypto-fraud scheme, citing his "history of fraudulent behavior" and a lack of circumstances "extraordinary" enough to justify a sentence reduction.
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October 24, 2025
Logan Paul Denied Win Against Crypto Zoo Co-Defendants
A Texas federal judge has released three individuals involved in Logan Paul's failed crypto project, CryptoZoo, from an investor suit, while also denying the YouTube celebrity's bid for a default judgment against two other co-founders he claimed were responsible for the venture.
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October 24, 2025
FDIC's Signage Rule Revamp Sparks Clash Over Flexibility
The Federal Deposit Insurance Corp.'s proposal to loosen Biden-era requirements for displaying its official logo on digital banking channels is drawing mixed reactions, with consumer advocates warning it goes too far while bank groups say it "does not go far enough."
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October 24, 2025
Crypto.com Joins Wave Of Crypto Trust Charter Bids
Digital asset platform Crypto.com said Friday that it has applied for a national trust charter with the Office of the Comptroller of the Currency to boost its custody services, becoming the latest crypto-focused firm to approach the OCC.
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October 24, 2025
Feds Want Goldstein To Disclose 'Blame Everyone' Defense
The federal government Friday urged a Maryland federal judge to give SCOTUSblog co-founder Tom Goldstein a December deadline to disclose whether he intends to assert at trial that he failed to file tax returns due to legal advice, saying it expects him to "blame everyone other than himself."
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October 24, 2025
Avalara Investors Fight Stay In $8.4B Buyout Dispute
Shareholders of tax software company Avalara are fighting a motion by the company in Washington federal court to stay litigation accusing it of misleading investors ahead of an $8.4 billion deal to take the company private.
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October 24, 2025
Investors Push To Find Crypto Firm Liable In Fraud Case
Investors alleging their cousin fraudulently talked them into investing in a cryptocurrency firm have asked a Michigan federal judge to grant them a partial early win and find the firm liable for selling unregistered securities to the public.
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October 24, 2025
Off The Bench: NBA Gambling Woes, Golfer's $50M Trial Win
In this week's Off The Bench, the NBA faces a gambling scandal during its opening week, a Florida jury hands golfer Jack Nicklaus a $50 million victory in his defamation lawsuit, and DraftKings and the NHL step into the realm of prediction markets.
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October 24, 2025
Singapore Crypto Co. Seeks Ch. 15 Recognition In NY
The liquidators of a Singapore blockchain business asked a New York bankruptcy court for Chapter 15 recognition of its insolvency, saying it needs to pause a New York State court fight over $63 million in stolen cryptocurrency.
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October 24, 2025
Robinhood Calls Mass. Enforcers' Kalshi Suit A 'Threat'
Investment platform Robinhood told a federal judge it is entitled to pursue a declaratory judgment to avert actual and potential harm caused by a Massachusetts regulator's separate lawsuit against predictions market KalshiEX.
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October 24, 2025
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen the Financial Conduct Authority launch legal action against a Chinese cryptocurrency exchange, The Londoner magazine face a defamation claim from an entrepreneur accused of "scamming" Knightsbridge landlords, and Gucci sued by its cosmetics supplier as L'Oréal announces plans to buy the Italian fashion house's beauty brand. Here, Law360 looks at these and other new claims in the U.K.
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October 23, 2025
Jurors See MIT Bros' Chats, Plans For $25M Crypto Gambit
Jurors weighing the fate of two MIT-educated brothers accused of pulling a $25 million crypto heist on Thursday saw a swath of messages and search history that prosecutors say detail the planning for a high-tech fraud that profited at the expense of other traders on the Ethereum blockchain.
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October 23, 2025
Ex-Amazon Coder Says She's Turned Life Around Since Hack
A former Amazon.com Inc. coder who exposed the personal data of nearly 100 million people should be sent to prison, the U.S. government said in a new Seattle federal court filing that seeks a seven-year sentence for her.
Expert Analysis
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Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning
A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.
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What To Expect As Trump's 401(k) Order Materializes
Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.
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Demystifying The Civil Procedure Rules Amendment Process
Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.
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Evaluating The SEC's Rising Whistleblower Denial Rate
The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.
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State Crypto Regs Diverge As Federal Framework Dawns
Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.
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Parenting Skills That Can Help Lawyers Thrive Professionally
As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.
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Series
Teaching Trial Advocacy Makes Us Better Lawyers
Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.
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What New CFPB Oversight Limits Would Mean For 4 Markets
As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.
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MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't
As U.S. v. Peraire-Bueno, involving cryptocurrency fraud charges against brothers who graduated from the Massachusetts Institute of Technology, moves forward after surviving a motion to dismiss, the case provides an early example of how the government might use the federal fraud statutes to regulate decentralized networks, say attorneys at ArentFox Schiff.
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Potential Paths To Modernizing The Bank Secrecy Act
The Bank Secrecy Act's analog design has become increasingly incompatible with today's digital financial ecosystem, but legislative reforms, coupled with regulatory adjustments including updated thresholds, feedback mechanisms and innovation sandboxes, would help adjust the act to the unique challenges of modern technology, says Matthew Biben at King & Spalding.
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9th Circ. Finding That NFTs Are Goods Will Change TM Law
The Ninth Circuit's recent ruling in Yuga Labs v. Ripps establishes that NFTs have real, commercial value under U.S. federal trademark law, a new legal precedent that may significantly influence intellectual property enforcement and marketplace policies regarding digital assets going forward, say attorneys at Wilson Elser.
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Series
Adapting To Private Practice: From Texas AUSA To BigLaw
As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.
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3 Rulings Show Hurdles To Proving Market Manipulation Fraud
Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.
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Advice For 1st-Gen Lawyers Entering The Legal Profession
Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.
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Untangling 'Debanking' Exec Order And Ensuing Challenges
President Donald Trump's recent executive order on the practice of closing or refusing to open accounts for high-risk customers has heightened scrutiny on "debanking," but practical steps can help financial institutions reduce the likelihood of becoming involved in investigations, say attorneys at Winston & Strawn.