Justices Wary Of Greenlighting Trump Bid To Fire Fed's Cook

By Jon Hill

The U.S. Supreme Court on Wednesday appeared reluctant to let President Donald Trump immediately oust Federal Reserve Gov. Lisa Cook, with multiple justices expressing doubts about administration claims of broad presidential removal power over the central bank.

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Ex-TD Bank Worker Cops To Taking Money Laundering Bribes

By Katryna Perera

A former New Jersey-based TD Bank NA employee pled guilty on Wednesday to accepting bribes and leveraging his position to facilitate the movement of over $26 million to Colombia through TD Bank accounts.

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Ukraine Bank Urges Justices To Take Up Immunity Question

By Joyce Hanson

A Ukraine-owned bank has asked the U.S. Supreme Court to resolve whether countries that agree to arbitrate an international dispute are also waiving their right to assert sovereign immunity in subsequent litigation to enforce a foreign judgment confirming an arbitral award.

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Holmes Seeks Trump Clemency For Theranos Fraud Sentence

By Rae Ann Varona

Former Theranos CEO Elizabeth Holmes has asked President Donald Trump to commute an 11-year prison sentence she's been serving for defrauding investors with bogus blood-testing technology, according to the U.S. Department of Justice's Office of the Pardon Attorney.

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Schwab Nixed From DOL Enforcement Suit Against Other Firm

By Katryna Perera

A Pennsylvania federal judge on Wednesday dismissed two Schwab companies from a U.S. Department of Labor enforcement case, finding the financial services providers' participation was no longer needed in the agency's dispute against another firm.

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AI Recruiting Co. Eightfold Sued Over Job Applicant 'Dossiers'

By Dorothy Atkins

Job applicants have hit Eightfold AI with a proposed class action in California court, alleging the artificial intelligence company's business model violates longstanding consumer protection statutes by using "opaque" closely guarded AI algorithms to scrape personal data and generate "dossiers" on job applicants for major employers without applicants' knowledge or consent.

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Fed. Circ. Won't Reinstate Text-Tracking Patent Case

By Elliot Weld

The Federal Circuit on Wednesday affirmed a lower court's decision declining a cellular data-tracking company's request for a new trial, rejecting the company's arguments that the district judge's claim construction had been erroneous.

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O'Melveny Corporate Finance Chair Hops To Pillsbury In NY

By Tracey Read

Pillsbury Winthrop Shaw Pittman LLP has boosted its debt finance capabilities by bringing on the former chair of O'Melveny & Myers LLP's corporate finance practice.

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How SEC Civil Penalties Became Arbitrary: The Framework

An examination of how the U.S. Securities and Exchange Commission has recently applied guidelines governing the imposition of monetary penalties in enforcement actions shows that civil penalty awards in many cases are inconsistent with the rules established to structure them, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

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OCC's New Fee Clearance Shows Further Ease Around Crypto

The Office of the Comptroller of the Currency's recent holding that banks can use crypto-assets to pay certain blockchain network fees shows that the OCC is further warming to the idea that organizations are using new methods to do "the very old business of banking," say attorneys at Jones Day.

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How A 1947 Tugboat Ruling May Shape Work Product In AI Era

Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.

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Ex-Baker McKenzie Atty Alleges Assault In New DC Lawsuit

By Alison Knezevich

A former Baker McKenzie associate who was sued for defamation over a series of social media posts accusing the firm's Washington, D.C., managing partner of sexual assault has brought her own lawsuit, marking the first time she publicly detailed her allegations in court records.

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Trump Calls For Prosecution Of Jack Smith Post-Hearing

By Courtney Bublé

Shortly after former special counsel Jack Smith gave his first public congressional testimony on the Trump cases, in which he warned the rule of law should not be taken for granted, President Donald Trump said he should be prosecuted.

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Goldstein Prosecutors Unveil Conflicting Cash Source Claims

By Jared Foretek

A former lawyer at SCOTUSblog founder Thomas Goldstein's firm said Thursday that Goldstein told coworkers that the more than $960,000 in cash he brought off a flight from Hong Kong — the source of which is integral to the government's case — had come from a client.

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ABA Outlines Limited Atty Duty To Give Info To Former Clients

By Lynn LaRowe

The American Bar Association said attorneys have a limited responsibility to convey information to former clients or successor counsel that was not within the client's file, when doing so is necessary to protect a client's interests and reasonably practicable, according to a new ethics opinion.

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Proposed Subpoena Rule Change Raises Victim Privacy Fears

By Brandon Lowrey

A proposal to loosen restrictions on the use of federal criminal subpoenas would endanger and further traumatize victims of crime, most of whom lack legal representation to fight the invasive demands, victims' rights advocates told a federal rules advisory committee on Thursday.

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Pa. Justices Say Judge's Partisan Posts Warrant Suspension

By Hayley Fowler

Pennsylvania's highest court has adopted a balancing test for restricting a sitting judge's free speech outside the context of an election and, in doing so, affirmed the suspension of a state court judge who it said damaged the court's appearance of impartiality by making political posts on social media.

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Brief

Courthouse News Drops Access Suit Against DC Court Clerk

By Emily Sawicki

National litigation news outlet Courthouse News Service has voluntarily and permanently dropped claims against a Washington, D.C., Superior Court clerk and the executive officer of the D.C. courts over filing delays, with both sides agreeing to pay their own costs.

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