DC Judge Blocks Subpoenas Targeting Fed's Powell

By Jon Hill

A Washington, D.C., federal judge has blocked a pair of subpoenas tied to the U.S. Department of Justice's criminal investigation into Federal Reserve Chair Jerome Powell, finding they were improperly issued with the aim of harassing the central bank chief in a ruling that is reverberating on Capitol Hill.

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CFPB Can't Rely On 'Erroneous' Funding Theory, Court Says

By Lauren Berg

The Consumer Financial Protection Bureau must continue to request needed funding from the Federal Reserve, a California federal judge ruled Friday, saying Trump administration budget chief Russell Vought "acted arbitrarily, capriciously and contrary to law" by refusing to replenish the agency's dwindling funds.

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Esquire's $348M Signature Deal Bolsters Litigation Platform

By Al Barbarino

Esquire Financial Holdings Inc. has agreed to buy the parent company of Signature Bank in a roughly $348.4 million deal that Esquire said will help expand its Chicago-area commercial banking presence and support growth of its litigation banking platform.

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Split 10th Circ. Refuses To Rehear Custodia Account Suit

By Sydney Price

The Tenth Circuit on Friday denied a full court reconsideration of an earlier decision granting Federal Reserve banks discretion to reject master bank accounts, but a dissenting judge argued in favor of crypto-focused Custodia Bank's position that the decision would give the Fed too much power over state banks.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

In London, Estée Lauder accused Jo Malone's founder of intellectual property infringement, the wife of an Iranian businessman linked to a £75 million fraud sued several Iranian oil companies, HSBC sued U.S. property tycoon Michael Fuchs, and Charles Russell Speechlys brought a claim against a United Arab Emirates company it once represented in an international arbitration.

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Cohen & Buckmann Hires Holland & Knight Benefits Partner

By Jack Rodgers

Cohen & Buckmann PC has hired a longtime Holland & Knight LLP partner who will oversee the firm's mergers and acquisitions benefits support work and continue her executive compensation practice.

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Brief

Cahill Gordon Partner Joins DLA Piper's NY Finance Practice

By Tracey Read

DLA Piper has added a former Cahill Gordon & Reindel LLP partner to its leveraged finance practice in New York.

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The Practical Implications Of New FDIC Stablecoin Measures

The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

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Conservative Groups Back DOJ As Amici In Law Firm EO Suits

By Emily Sawicki

Conservative groups are backing the Trump administration's attempts to revive executive orders targeting BigLaw firms, arguing in an amicus brief to the D.C. Circuit that Perkins Coie LLP had "unclean hands" for its part in what they called the "Russiagate hoax."

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Winston & Strawn Sanctioned For Trying To 'Make Up Facts'

By Dani Kass

A California federal judge sanctioned Winston & Strawn LLP on Monday for making up facts and otherwise misrepresenting the record in contract litigation over its client's app being removed from Apple's platform, then separately dismissed the case on the merits.

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Don't 'Grimace, Nod, Laugh': Judge Breyer Slams Musk's Attys

By Bonnie Eslinger

U.S. District Judge Charles Breyer scolded Elon Musk's Quinn Emanuel counsel during a hearing Monday ahead of closing arguments in California litigation alleging that Musk tanked Twitter's stock to get out of his $44 billion acquisition deal, saying he wouldn't "sit here and watch lawyers grimace, nod, laugh in court."

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Pro Se Litigant Lawyered So Well He Owes $1.8M, Judge Says

By Dorothy Atkins

A Michigan federal judge ruled Monday that a pro se defendant must pay software-maker Dassault Systemes $1.8 million in fees for willfully infringing its software copyrights to train design students, while commending the pro se litigant's professionalism during 15 years of litigation for rivaling and exceeding many licensed attorneys.

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SEC Enforcement Head Resigns After 7 Months

By Sarah Jarvis

The U.S. Securities and Exchange Commission announced Monday that its enforcement director, Margaret "Meg" Ryan, has resigned from the agency after nearly seven months on the job.

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Analysis

Excitement, Tinged With Skepticism, Over AAA's AI Arbitrator

By Caroline Simson

The American Arbitration Association caused a stir last fall when it introduced its AI Arbitrator for documents-only construction cases, and even though lawyers say they're excited about the tool's possibilities — and that of artificial intelligence in arbitration in general — so far, many have been reluctant to be the first to take that plunge.

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Boris Epshteyn Targeted Over Trump Bid To 'Coerce' BigLaw

By Lauren Berg

Lawyers, law professors and retired judges led by two nonprofits urged the New York state courts' ethics committee on Monday to investigate Boris Epshteyn's involvement in President Donald Trump's efforts to "intimidate and coerce" BigLaw firms into pro bono agreements with the administration.

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Trump To Get 5th North Carolina Federal Court Vacancy

By Courtney Bublé

President Donald Trump will get another judicial vacancy to fill in North Carolina with U.S. District Judge William L. Osteen Jr. of the Middle District of North Carolina recently announcing he will take senior status.

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Paralegal Calls Full Lewis Brisbois Arbitration Unenforceable

By Adrian Cruz

A former Lewis Brisbois Bisgaard & Smith LLP paralegal has told a Florida state judge that the firm shouldn't be able to force her into arbitrating her claims against it because a number of the alleged actions took place after she was terminated from her job.

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Democrats Push DOJ To Investigate Noem For Perjury

By Courtney Bublé

Democrats have referred the departing U.S. secretary of homeland security, Kristi Noem, to the Department of Justice for a perjury investigation following her recent congressional testimony.

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Mass. Justices Won't Boost Pay For Court-Appointed Attys

By Julie Manganis

Massachusetts' highest court on Monday declined a request to let state judges offer higher hourly rates to induce attorneys to accept court-appointed cases, a proposal meant to alleviate a shortage of appointed counsel in two of the state's busiest counties.

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Ga. Panel Says Minister Can't Rep His Church In Tax Case

By Chart Riggall

The Georgia Court of Appeals said Monday that nonattorneys can't be allowed to represent unincorporated associations in court, backing a trial court's dismissal of a minister's bid to represent his church in a property tax dispute with his home county.

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Catching Up With Delaware's Chancery Court

By Jarek Rutz

The Delaware Chancery Court's docket last week featured disputes including an $83.75 million settlement tied to a renewable energy merger, fraud claims in a fertilizer company acquisition and a developer's fight for control of a major Philadelphia redevelopment project.

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