A D.C. Circuit panel said Monday that Federal Reserve Gov. Lisa Cook can remain on the central bank's board while challenging President Donald Trump's effort to fire her, clearing the way for her to participate in a key interest-rate policy vote this week.
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TOP NEWS

DC Circ. Says Fed's Cook Can Keep Job For Now

By Jon Hill

A D.C. Circuit panel said Monday that Federal Reserve Gov. Lisa Cook can remain on the central bank's board while challenging President Donald Trump's effort to fire her, clearing the way for her to participate in a key interest-rate policy vote this week.

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Senate Confirms Top Trump Economist To Federal Reserve

By Jon Hill

The U.S. Senate narrowly confirmed top White House economist Stephen Miran to the Federal Reserve Board on Monday, giving President Donald Trump a close ally at the central bank as he pushes for greater control over the traditionally independent body.

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2nd Circ. Upholds Dismissal Of Libor Rigging Claims

By Sydney Price

The Second Circuit on Monday affirmed the dismissal of investor lawsuits alleging multiple global banks, including UBS and Lloyds Bank, conspired to rig the benchmark interest rate Libor, which is tied to the British pound, finding the plaintiffs never showed they actually lost money from the alleged manipulation.

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Rocket Mortgage Can't Defeat DOJ's Racial Bias Suit

By Katryna Perera

A Colorado federal judge has declined to toss the federal government's race discrimination suit against Rocket Mortgage, an appraisal management company and an appraiser, finding, among other things, that Rocket could have requested correction of the appraisal at the heart of the suit.

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ENFORCEMENT & COMPLIANCE

Robinhood Seeks Legal Shield After Mass. AG Sues KalshiEX

By Julie Manganis

Days after Massachusetts' attorney general sued so-called prediction market operator KalshiEX, accusing it of running an unlicensed sports betting platform, Robinhood, which provides access to the Kalshi system on its own platform, urged a federal judge Monday to grant it protection from similar claims.

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Court Urged To Block Offshore Asset Freeze In $28M Tax Row

By Anna Scott Farrell

The federal government's claim that a beneficiary of offshore trusts is likely to spend down assets to avoid a $28 million tax bill lacks evidence, the beneficiary argued in urging a Florida federal court not to freeze his accounts.

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LITIGATION

Bank CEO's Wife Says She Never Joined $7M Fraud

By Carolina Bolado

The wife of a former Puerto Rican bank CEO asked a Florida federal judge Friday to dismiss the bank receiver's $7 million conspiracy claim against her, arguing that simply signing a loan note is not proof that she knowingly joined any scheme to defraud the bank.

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PEOPLE

4 More Cadwalader Attys Exit In Charlotte, Head to Proskauer

By Tracey Read

Proskauer Rose LLP announced Monday that it will launch an office in Charlotte, North Carolina, with a four-partner leveraged finance team from Cadwalader Wickersham & Taft LLP.

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Simpson Thacher Adds Ex-Goodwin Debt Financing Pro

By Kevin Penton

Simpson Thacher & Bartlett LLP has added an attorney previously with Goodwin Procter LLP who specializes in debt financing transactions as a partner in its Boston office, the firm has announced.

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Ex-Coinbase CLO, OCC Acting Chief Joins BitGo's Board

By Emilie Ruscoe

A former chief legal officer of digital asset exchange Coinbase Inc. and onetime acting head of the Office of the Comptroller of the Currency has joined the board of directors of cryptocurrency custodian BitGo Inc.

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EXPERT ANALYSIS

Senate Bill Could Overhaul Digital Asset Market Structure

The Senate Banking Committee's draft Responsible Financial Innovation Act would not only clarify the roles and responsibilities of financial institutions engaging in digital asset activities but also impose new compliance regimes, reporting requirements and risk management protocols, say attorneys at Troutman.

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Stablecoin Committee Promotes Uniformity But May Fall Short

While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.

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LEGAL INDUSTRY

GOP Spending Bill Seeks $58M For Supreme Court, Marshals

By Courtney Bublé

The House Republicans unveiled their short-term spending bill Tuesday, and it includes an extra $28 million for security for the U.S. Supreme Court justices.

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Ga. Justices Won't Reinstate DA Willis To Trump Election Case

By Kelcey Caulder

The Georgia Supreme Court on Tuesday declined to review a lower court's ruling disqualifying Fulton County District Attorney Fani Willis from the 2020 Georgia election interference case against President Donald Trump and his co-defendants.

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Sotomayor Warns Civics Under-Education Leads To Bad Laws

By Kevin Penton

Those looking to change the nation's laws first need to understand how they work and why they are in place, U.S. Supreme Court Justice Sonia Sotomayor told a packed auditorium at New York Law School on Tuesday.

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Trump Taps US Atty Nominees For NC, NH And Louisiana

By Courtney Bublé

President Donald Trump has named U.S. attorney nominees for Louisiana, New Hampshire and North Carolina.

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Willkie Taps PE Head To Co-Lead The Firm In 2027

By Andrea Keckley

Willkie Farr & Gallagher LLP announced Tuesday that the nearly decade-long head of its private equity practice will step up to co-lead the firm as its joint chairman at the start of 2027.

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Former Miami City Atty Exits Political Retaliation Suit

By Jake Maher

A former city attorney for Miami on Monday knocked down claims against her from a pair of business owners accusing her of taking part in a political retaliation scheme when a Florida federal judge ruled that she was immune from the allegations.

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Acting US Atty Denies Prosecution Of Lawmaker Is 'Selective'

By Parker Quinlan

The U.S. Department of Justice has requested that assault charges not be dismissed against U.S. Rep. LaMonica McIver, pushing back on claims the government is selectively prosecuting her following a confrontation with federal agents in May at an Immigration and Customs Enforcement facility in Newark.

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Disbarment Of No-Show Lawyer Among Ga. Discipline Rulings

By Chart Riggall

A Georgia criminal defense attorney was disbarred Tuesday by the state's high court on charges that he pocketed $5,000 from a client's mother, no-showed for a series of hearings and delayed a trial for more than a year after not so much as speaking to the defendant he was representing.

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Husch Blackwell Used 401(k) Cash To Pay Bills, Ex-Atty Says

By Grace Elletson

A former Husch Blackwell LLP attorney sued the firm in Missouri federal court Tuesday, claiming it violated federal benefits law by delaying sending employees' 401(k) contributions to their retirement plan so that the cash could be used to pay for the firm's operating expenses.

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Analysis

The Patent Workforce Is Attracting Fewer Attys, More Agents

By Theresa Schliep

The pool of patent practitioners registered with the U.S. Patent and Trademark Office has undergone a dramatic shift over the past few decades, with the number of attorneys taking the bar exam decreasing at the same time more patent agents are entering the field.

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COMPANIES IN TODAY'S NEWS

Amazon.com Inc.

American Bankers Association

Bank of America Corp.

Binance.US

BitGo Inc.

Bitfury Group Ltd.

Blackstone Group

Boston College

Coinbase Global Inc.

Federal National Mortgage Association

LinkedIn Corp.

Lloyds Bank PLC

Match Group LLC

Meridian Capital Group LLC

New York Law School

OneWest Bank Group LLC

Rabobank

Rocket Mortgage LLC

Securities Investor Protection Corp.

Sonterra Capital Master Fund

The Goldman Sachs Group Inc.

UBS Group AG

University of Rhode Island

LAW FIRMS IN TODAY'S NEWS

AXS Law Group

Alston & Bird

Arnold & Porter

Blank Rome

Buchanan Ingersoll

Cadwalader Wickersham

Cravath Swaine

Davis Wright Tremaine

Dentons

Diaz Reus

Eckert Seamans

Estrella LLC

Fell Law PC

Fish & Richardson

Gibson Dunn

Goodwin Procter

HSF Kramer

Harrity & Harrity

Haynes Boone

Heise Suarez

Hogan Lovells

Holland & Hart

Homer Bonner

Husch Blackwell

King & Spalding

Kirkland & Ellis

Knott & Boyle

Krinzman Huss

Latham & Watkins

Law Offices of Jason L. Oliver

Lovell Stewart

Lowell & Associates

Lowey Dannenberg

Markowitz Ringel

Milbank LLP

Morgan Lewis

Morganroth & Morganroth

O'Melveny & Myers

Orrick Herrington

Proskauer Rose

Rivero Mestre

Sanford Heisler

Schwegman Lundberg

Shutts & Bowen

Simpson Thacher & Bartlett LLP

Spencer Fane

Sperling Kenny

Sterne Kessler

Sullivan & Cromwell

Temkin & Associates

Troutman

Ward and Smith

Weisberg Kainen

White & Case

Willkie Farr

GOVERNMENT AGENCIES IN TODAY'S NEWS

Commodity Futures Trading Commission

Congressional Research Service

Court of Appeals of New York

Federal Deposit Insurance Corp.

Federal Reserve System

Federal Trade Commission

Financial Stability Oversight Council

Georgia Court of Appeals

Georgia Supreme Court

Internal Revenue Service

Judicial Conference of the United States

New Hampshire Judicial Branch

North Carolina Department of Public Safety

Office of the Comptroller of the Currency

U.S. Attorney's Office for the District of Colorado

U.S. Attorney's Office for the District of Massachusetts

U.S. Attorney's Office for the Southern District of Florida

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of State

U.S. Department of the Treasury

U.S. District Court for the District of Columbia

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of North Carolina

U.S. District Court for the Southern District of Florida

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Louisiana

U.S. District Court for the Western District of Missouri

U.S. District Court of the District of New Hampshire

U.S. House of Representatives

U.S. Immigration and Customs Enforcement

U.S. Patent and Trademark Office

U.S. Secret Service

U.S. Securities and Exchange Commission

U.S. Senate

U.S. Supreme Court

U.S. Tax Court

United States District Court for the District of Colorado