Bessent Says Card Rate Cap's Effects 'Important' To Review

By Jon Hill

U.S. Treasury Secretary Scott Bessent declined to say Wednesday whether he supports President Donald Trump's proposed 10% credit card rate cap, instead telling lawmakers that reining in credit card rewards could be a way to address cost concerns.

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Albright Axes Texas' Anti-ESG Law As Unconstitutional

By Lauren Berg

Texas' law restricting state investments with financial firms and businesses that want to reduce their reliance on fossil fuels is both "overbroad and unconstitutionally vague," a federal judge has ruled, handing a sustainability-focused business group a summary judgment victory.

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NBA Star Tells Of Fury Over Ex-Morgan Stanley Pal's Fraud

By Stewart Bishop

A former Houston Rockets player on Wednesday testified that he and his former Morgan Stanley investment adviser were the best of friends before he learned of what prosecutors say was a scheme to bilk NBA clients for millions of dollars, and taunted his former financial guru in anger after learning of his arrest.

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TMX Wants $52M Penalty From Pa. Banking Regulators Axed

By Katryna Perera

A TitleMax affiliate urged a Pennsylvania Commonwealth Court panel on Wednesday to strike down a $52 million penalty that state banking regulators have lodged against it over alleged usury law violations, arguing that the disputed loans it provided to state residents were neither negotiated nor made in the Keystone State.

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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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Analysis

Clemency Was 'Broken' Long Before Trump. Can It Be Fixed?

By Phillip Bantz

President Donald Trump has transformed what has historically been a bureaucratic process for seeking federal pardons and commutations into a more freewheeling affair with few clear rules — and no easy solutions for reform, experts say.

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Fintech Exec Wins Toss Of $150M Fraud Case After Mistrial

By Julie Manganis

A Massachusetts federal judge Wednesday said she had no choice but to dismiss charges against a former executive over an alleged $150 million credit card payment fraud scheme on double jeopardy grounds following a mistrial last year.

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Split NC Panel Rules Adviser Can't Arbitrate Fee Fight

By Hayley Fowler

An investment adviser who was fired can't arbitrate a fee fight with the company he hired to scrub his termination from public databases, a split North Carolina appeals court ruled Wednesday, finding the arbitration clause in his contract doesn't cover the company's claim for nonpayment.

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Walgreens Says Audio Recording Refutes Shareholders' Claim

By Celeste Bott

Walgreens told an Illinois federal judge Tuesday that newly discovered evidence warrants revisiting a decision allowing shareholders' claim over an executive's allegedly false statement to move forward, saying an audio recording shows "no basis to conclude the actual statement was false or misleading when made."

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DiCello Levitt Taps SEC Vets For Whistleblower Practice

By Emilie Ruscoe

DiCello Levitt has acquired a boutique practice that represents U.S. Securities and Exchange Commission whistleblowers, bringing on a pair of former SEC attorneys whose clients have helped the government secure more than $2 billion in monetary sanctions, according to the firm.

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What An Uptick In Shareholder Activism Means For Banking

With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.

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Takeaways From The DOJ Fraud Section's 2025 Year In Review

Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

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Series

Law School's Missed Lessons: Practicing Resilience

Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

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Meet New Paul Weiss Chairman Scott Barshay

By Anna Sanders

New Paul Weiss Rifkind Wharton & Garrison LLP chair Scott Barshay is a rainmaker who most recently led the corporate department, guiding clients through some of the largest transactions in recent history after joining the firm's New York office a decade ago.

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Judge Who Resigned To Criticize Trump Had Faced Inquiry

By Chris Villani

Former Massachusetts U.S. District Judge Mark L. Wolf was the subject of an inquiry into potential misconduct when he announced his November resignation, a decision he said at the time was motivated by a desire to speak out against the Trump administration, according to a source familiar with the matter.

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Judge Says AI Errors Show Atty Can't 'Learn' From Mistakes

By Ivan Moreno

A New York federal judge concluded that an attorney who repeatedly submitted filings with false AI-generated citations must be punished with case-terminating sanctions against a client he was defending in a trademark lawsuit, saying Thursday that the lawyer "has not, and apparently cannot, learn from his mistakes."

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NY Times Article Excerpts Admitted In Goldstein Trial

By Jared Foretek

Federal prosecutors pressing their case against SCOTUSblog co-founder Thomas Goldstein for tax evasion and misleading statements on mortgage applications were finally able on Thursday to present jurors with key statements the U.S. Supreme Court lawyer made to legal journalist Jeffrey Toobin for a long New York Times Magazine article.

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Texas Atty Must Explain AI 'Misuse' In Employment Case

By Lauren Berg

A prominent civil rights attorney representing a University of Texas at Austin nurse in an employment discrimination case must explain why he shouldn't be sanctioned "for his apparent misuse of artificial intelligence" to research and write a brief, a Texas federal judge ruled.

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Ex-Alex Jones Atty Asks Conn. Justices To Nix Suspension

By Brian Steele

A Connecticut attorney who formerly represented conspiracy broadcaster Alex Jones in a $1.4 billion defamation case has asked the state's highest court to consider whether it was proper for a judge to suspend his law license for violating a protective order governing Sandy Hook families' personal information.

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Deel Loses Bid To DQ Quinn Emanuel In Trade Secrets Fight

By Lauren Berg

Payroll and human resources company Deel Inc. cannot have Quinn Emanuel Urquhart & Sullivan LLP disqualified from representing its competitor Rippling in a trade secrets fight, a Delaware judge ruled Thursday, saying there is no "clear conflict" that would require booting the BigLaw firm.

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State Bar Of Texas Declines To Open Grievance On Ramey

By Emily Sawicki

The State Bar of Texas has declined to open a grievance against patent litigator William P. Ramey III after a San Francisco federal court sanctioned him and his firm, Ramey LLP, for practicing law in California without a license.

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Wash. Lawyer Faces Sanction Threat Over Alleged AI Errors

By Ben Adlin

A federal judge has ordered an attorney in Washington state to submit a sworn declaration explaining why she shouldn't be sanctioned for what opposing counsel claimed are dozens of artificial intelligence "hallucinations" across multiple case filings.

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Fake Case Pulled From Toshiba Malicious Prosecution Suit

By Bryan Koenig

A former printer toner salesman is trying to salvage his lawsuit against Toshiba after the company flagged nonexistent citations, apologizing to the California federal court in a corrected brief Thursday defending claims that the electronics company manufactured a criminal case against him and others to maintain an illegal monopoly.

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McCarter & English Wants To Torpedo $22M Malpractice Suit

By Aaron Keller

McCarter & English LLP on Thursday asked a Connecticut Superior Court judge to sink a $22.3 million professional negligence lawsuit by two struggling insurers, saying failures to provide documents or knowledgeable people to testify during pretrial depositions warrant a "harsh" end to the nearly decade-old case.

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Trump's Seattle US Atty Stays On For Now Via Title Swap

By Rachel Riley

Trump administration appointee Charles Neil Floyd will continue to be the Western District of Washington's top federal prosecutor for now, under the new title of "First Assistant U.S. Attorney," after the deadline passed Wednesday for the U.S. Senate to confirm the interim appointment.

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Klobuchar Alarmed By Exodus Of Prosecutors In Minnesota

By Courtney Bublé

Sen. Amy Klobuchar, D-Minn., on Thursday said she was alarmed by the surge of resignations by federal prosecutors in her state following the shooting deaths of two Minnesotans by immigration agents.

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Judiciary Backs Bill To Let Judges Carry Concealed Guns

By Courtney Bublé

The federal judiciary has come out in support of a Republican-led bill to allow judges and prosecutors to carry concealed firearms across state lines, according to a letter obtained by Law360.

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Ex-Prosecutors Call For Independent Probes Of ICE Killings

By Rose Krebs

A coalition of former federal prosecutors and civil rights attorneys is urging U.S. Attorney General Pam Bondi to ensure that the U.S. Department of Justice allows for "transparent, unbiased and impartial" investigations into the killings in Minneapolis last month of Renee Good and Alex Pretti by federal immigration enforcement agents.

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