2nd Circ. Says NY Escrow Interest Law Is Preempted, Again

By Jon Hill

The Second Circuit ruled Tuesday that national banks are exempt from a New York law that requires interest to be paid on mortgage escrow accounts, handing a key victory to Bank of America NA in closely watched litigation testing the limits of states' banking regulatory authority.

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DOJ Asks To Toss Subpoena Defeats In Powell Case As Moot

By Sarah Jarvis

The U.S. Department of Justice has asked a Washington, D.C., federal judge to vacate his decisions that blocked subpoenas from its now-closed criminal investigation into Federal Reserve Chair Jerome Powell, arguing that the slate should be wiped clean on mootness grounds.

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SVB's $73M Fraud Losses Not Covered, Insurers Say

By Hope Patti

Two insurers said they owe no coverage for a fraudulent scheme that caused the failed Silicon Valley Bank to lose $73 million, telling a North Carolina federal court that the bank has not satisfied all requirements under its financial institution bonds' extended forgery coverage provision.

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Software Co. Doxim Inks $5.5M Deal To End Data Breach Suit

By Melanie Dorsey

Credit union customers asked a Michigan federal judge Tuesday to preliminarily approve an amended $5.5 million class settlement resolving claims that software-as-a-service company Doxim Inc. failed to protect sensitive personal information that ended up exposed in a 2023 data breach.

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BlackRock, State Street Push To Trim Red State AGs' Suit

By Katryna Perera

BlackRock and State Street have further urged a Texas federal judge to trim down antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that the chain from their investment activity to retail electricity prices "stretches through multiple intervening markets and countless nonparties."

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$100M AI Investment Suit Must Be Arbitrated, Financier Says

By Caroline Simson

A California financier Tuesday denied allegations in a $100 million fraud lawsuit over a "sham" loan transaction aimed at funding an investment into an artificial intelligence company, adding that the dispute belongs in arbitration in the Bahamas.

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Banks Say Stablecoin Yield Fix For Crypto Bill 'Falls Short'

By Aislinn Keely

Five banking groups say proposed language governing interest and rewards payments on stablecoins, intended to advance a bill to regulate crypto markets, "falls short," while the lawmakers behind the proposal say they've worked directly with banks for months to "encourage compromise." 

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Bittrex Seeks To Undo $24M Judgment After SEC Crypto Pivot

By Ben Adlin

Bankrupt cryptocurrency exchange Bittrex urged a Seattle federal judge to toss a $24 million judgment entered as part of a 2023 settlement with the U.S. Securities and Exchange Commission, arguing that the agency has since done an "about-face" on crypto and abandoned its position that digital tokens are securities.

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4th Circ. Unsure Wells Fargo Denied Ex-Worker's WFH Request

By Hayley Fowler

A Fourth Circuit panel seemed uncertain Tuesday of whether it would uphold the entirety of a $22 million Americans with Disabilities Act verdict favoring a former Wells Fargo employee, with at least two judges questioning whether he suffered a concrete injury from the bank allegedly failing to accommodate his work-from-home request.

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Santander Says Ex-Adviser Poached Lion's Share Of Clients

By Emilie Ruscoe

Santander Bank and its investment adviser unit have sued a former employee, alleging that he improperly wooed away the vast majority of his clients when he decamped for a competitor.

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Deutsche, Pathward Want Fintech Blacklist Suit Tossed

By Sydney Price

Deutsche Bank AG and Pathward NA urged a New York federal court to dismiss a suit accusing them of improperly blacklisting a barter-based payment platform that the banks found was "transaction laundering" for companies selling gray-market pharmaceuticals, arguing that the suit's jurisdiction assertions are fatal to the claims.

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NC Law Firm Can Pursue Coverage In $510K Loan Fraud Row

By Danielle Ferguson

A North Carolina federal judge on Tuesday said a professional liability insurer must face claims that it has to defend a law firm against allegations it was responsible for a $510,000 fraudulent home loan, finding documents in the closing package could preserve coverage. 

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Tribal Loan Co. Wants To Arbitrate Predatory Lending Claims

By Sydney Price

Tribally owned online direct lender WithU Loans is urging a Washington federal judge to send a consumer's proposed class action over alleged predatory lending practices to arbitration, arguing that the plaintiff agreed to arbitrate any claims against the company when he signed the loan agreement at issue.

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Analysis

ERISA Recap: 5 Litigation Developments From April

By Kellie Mejdrich

The U.S. Supreme Court turned down a bakery company's bid for review of a union multiemployer pension withdrawal bill, the Fourth Circuit held a bonus plan was exempt from federal benefits law, and the Sixth Circuit ruled federal law preempted Arkansas pharmacy benefit manager laws and regulations. Here's more on those and two other major decisions from April that benefits attorneys may want to know.

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3 Firms Steer Crypto Exchange Bullish's $4.2B Equiniti Buy

By Al Barbarino

Bullish said Tuesday it has agreed to acquire Equiniti in a $4.2 billion transaction steered by three law firms, as the institutional digital asset platform aims to create a global transfer agent for tokenized securities.

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Texas Appeals Court Wary Of Reviving Trustee's $100M Claim

By Spencer Brewer

A Texas appeals panel seemed skeptical of a bankruptcy trustee's attempt to revive an action seeking to claw back money distributed by True Health Group to its shareholders before the company declared bankruptcy, asking Tuesday if the trustee brought its claims under the correct portion of the law.

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Freshfields Adds Skadden White Collar Lawyer In DC, NY

By Jack Rodgers

Freshfields LLP has hired a Skadden Arps Slate Meagher & Flom LLP white collar defense lawyer, who spent years working as a federal prosecutor investigating corporate financial crime, international money laundering and other related matters.

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Opinion

Financial Meltdown Fears Don't Warrant Private Credit Regs

Recent withdrawals from business development companies have resurfaced theories that private credit growth poses a crisis-level risk to the financial system, but arguments that more regulation is needed should be viewed with beady and careful eyes, says James Deeken at Akin.

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The 2026 Lawyer Satisfaction Survey: Make Your Voice Heard

How is your work-life balance? Are you content with your compensation and opportunities for advancement at work? Take the 2026 Law360 Lawyer Satisfaction Survey and share your thoughts.

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DOJ Atty Faces Possible Discipline Over DHS 'Lack Of Candor'

By Lauren Berg

A Rhode Island federal judge, whom the U.S. Department of Homeland Security criticized for releasing a noncitizen with an alleged overseas warrant for homicide, on Tuesday said she is referring an assistant U.S. attorney for disciplinary proceedings for not disclosing the warrant to her beforehand.

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Audio

Approach The Bench: Justice Bacon On School Accreditation

By Cara Bayles and Steven Trader

State high courts are responsible for regulating the legal profession in their jurisdictions, and so New Mexico Supreme Court Justice C. Shannon Bacon thinks it's only right that justices reevaluate the principles behind law school accreditation.

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Ga. Justices Sanction Asst. DA For AI Errors In Murder Case

By Lauren Berg

The Georgia Supreme Court on Tuesday sanctioned a Clayton County assistant district attorney for filing briefs that contained nonexistent case citations generated by artificial intelligence in a murder defendant's bid for a new trial, saying the prosecutor's misconduct has "sidetracked" the justices from delving into the merits of the appeal.

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Analysis

High Court Clarity On Subpoenas Creates Murky Path For AGs

By Carla Baranauckas

The U.S. Supreme Court's unanimous decision that the New Jersey Attorney General's Office infringed free speech by asking an anti-abortion nonprofit to release donor names gives nonprofits and companies more leverage for challenging subpoenas at the outset, although the question remains if and how attorneys general and other enforcers can ultimately obtain sought-after information following a constitutional affront.

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Brief

FCC Chair Carr Promotes 6 In Key Legal, Policy Roles

By Christopher Cole

The Federal Communications Commission's staff are playing musical chairs, and it means high-level promotions for a half-dozen legal aides of agency chief Brendan Carr.

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SEC Lifts NY Atty's Lifetime Practice Ban

By Katryna Perera

The U.S. Securities and Exchange Commission on Tuesday lifted a lifetime ban preventing a New York attorney from practicing before the agency, following an attempt to leverage a client's testimony before the SEC.

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