Trump Media, SPAC And Crypto.com Create $6.42B Crypto Biz

By Jade Martinez-Pogue

Blank check company Yorkville Acquisition Corp., Truth Social operator Trump Media & Technology Group Corp. and Crypto.com unveiled a partnership Tuesday that would establish a $6.42 billion digital asset treasury company focused on the acquisition of the native cryptocurrency token of the cronos ecosystem.

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Fed's Lisa Cook Preps Lawsuit Over Trump Firing

By Sarah Jarvis

Federal Reserve Gov. Lisa Cook is preparing to file a lawsuit over President Donald Trump's announcement that she has been terminated from her position, allegedly for committing mortgage fraud, her lawyer said Tuesday.

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Fed Pushes To Dismiss Trump Ally's Suit Over Meeting Access

By Katryna Perera

Federal Reserve officials and members of the Federal Open Market Committee have urged a D.C. federal judge to toss a suit brought by an investment firm led by a supporter of President Donald Trump that seeks public access to monetary policy meetings, arguing they are not covered by the federal Sunshine Act as the investment firm claims.

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Ørsted Stands Firm On Plan To Raise $9.4B Despite US Order

By Najiyya Budaly

Denmark's wind power giant Ørsted AS has said that it will move ahead with its plan to raise 60 billion Danish kroner ($9.4 billion) with support from the Danish state, despite an order from U.S. President Donald Trump to stop work on a wind farm that is almost complete.

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Legal Funding Firm Cartiga To Go Public Via $540M SPAC Deal

By Jade Martinez-Pogue

Blank check company Alchemy Investments Acquisition Corp. 1, led by Loeb & Loeb LLP, has announced plans to acquire and take public legal-focused asset management platform Cartiga LLC, advised by Nelson Mullins Riley & Scarborough LLP, in a $540 million deal.

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CFTC's Last Dem Member Departing Agency

By Jessica Corso

The U.S. Commodity Futures Trading Commission's sole remaining Democrat, Kristin Johnson, announced Tuesday that she will be departing the agency next week, leaving it in the hands of acting Chair Caroline Pham.

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Feds Appeal No-Jail Sentences In $577M Crypto Fraud Case

By Aislinn Keely

Federal prosecutors said Tuesday that they're appealing the time-served sentences for two Estonian nationals who pled guilty to wire fraud conspiracy in connection with a $577 million cryptocurrency mining Ponzi scheme, while the federal judge who handed down the sentencings called them "one of the most difficult" of his career.

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5th Circ. Says Fed. Law Explicitly Bars Ex-CEO's NCUA Suit

By Rae Ann Varona

The Fifth Circuit on Monday refused to revive a former Texas credit union CEO's constitutional challenge to an enforcement action the National Credit Union Administration had brought against him for alleged banking misconduct, saying in a published opinion that federal law explicitly stripped a district court's jurisdiction over the matter.

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Five Below Beats Some Investor Claims On Growth Potential

By Katryna Perera

A Pennsylvania federal judge has trimmed some claims from a shareholder suit accusing discount retailer Five Below and its executives of overstating the company's growth prospects and its ability to curb inventory loss, finding some of the suit's challenged statements to be inactionable, among other things.

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Vesttoo Venture Capital Feud Goes To Arbitration In Israel

By Caroline Simson

A New York federal magistrate judge has ordered that fraud and negligence claims against a venture capital firm over $1 million of an investor's money that was placed into Israeli fintech firm Vesttoo Ltd., which was later ensnared in a scandal over $4 billion worth of forged letters of credit, go to arbitration in Israel. 

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FINRA Fines US Bank Unit $500K Over Missed AML Reports

By Emilie Ruscoe

A broker-dealer unit of U.S. Bank has been fined $500,000 by the Financial Industry Regulatory Authority following the FINRA member's realization that it had missed windows for filing certain reports of suspicious transactions.

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Buchalter Adds Ex-Carlton Fields Attys To LA Office

By Isaac Monterose

Buchalter has hired two former Carlton Fields attorneys as shareholders for its corporate team in Los Angeles, and one of the announced hires is returning to the firm after almost 30 years.

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Annual Report Shows CFIUS Extending Its Reach In 2024

The recently released 2024 annual report from the Committee on Foreign Investment in the United States reveals record civil penalties and enhanced internal capabilities, illustrating expanding jurisdiction and an increasing appetite for enforcement actions, says Nathan Fisher at StoneTurn.

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11th Circ. Ruling Shows Federal Question Jurisdiction Limits

The Eleventh Circuit's recent decision in AST Science v. Delclaux shows why it is extremely difficult for litigants to maintain a state law cause of action in federal court under Supreme Court precedent, says Paul Avron at Berger Singerman.

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From Clerkship To Law Firm: 5 Transition Tips For Associates

Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

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DC Judicial Vacancy Crisis Could Be Easing Soon

By Courtney Bublé

The White House is in the process of finalizing some judicial nominees for the vacancy-plagued Washington, D.C., local courts, an issue that has been highlighted by the federal government's takeover of D.C. law enforcement and the surge of National Guard troops to the nation's capital.

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Eastern District Of Pa.'s Former Chief Judge To Retire In Sept.

By Courtney Bublé

U.S. District Judge Mitchell Goldberg of the Eastern District of Pennsylvania, who was chief judge until earlier this month, will retire on Sept. 19, according to an update from the federal judiciary posted on Wednesday.

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Fenwick Fights New Claims In FTX Crypto Scam MDL

By Ryan Boysen

Fenwick & West LLP has asked a Florida federal judge to shut down a bid by victims of the infamous FTX Trading Ltd. cryptocurrency scam to bring new claims against the firm, calling allegations that it knew about FTX's misuse of customer funds an "irresponsible falsehood."

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Ex-Jackson Walker Partner Says Romance Suit Is 'Déjà Vu'

By Catherine Marfin

A former Jackson Walker LLP partner accused of hiding a romance with a former Texas bankruptcy judge asked a court Tuesday to toss a group of bondholders' proposed class action over their company's Chapter 11 proceeding.

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Personal Injury Firm Accuses Rival Of 'Bait And Switch'

By Chris Villani

A Boston personal injury firm facing claims it ripped off another firm's marketing plan launched a countersuit claiming that the rival is using an illegal business model and lying to try to stop a growing competitor.

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Undercover Operation Detailed In Trial Of Slain Fla. Law Prof

By David Minsky

Law enforcement agents took the stand in Florida state court Wednesday to provide details of an undercover operation in the investigation of Donna Adelson, who is on trial for allegedly masterminding a conspiracy to have assassins kill university law professor Dan Markel in 2014.

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DOJ Throws Lifeline To J&J At 3rd Circ. After $1.6B FCA Loss

By Jeff Overley

A district judge made multiple errors in an opinion and jury instructions underpinning a staggering False Claims Act verdict tied to Johnson & Johnson's drug marketing practices, and a fresh look is needed "under a correct view of the law," the U.S. Department of Justice told the Third Circuit on Wednesday.

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Negligence Suit Over Arrest On Stale Warrant Gets New Life

By Jared Foretek

A Fourth Circuit panel Wednesday vacated a South Carolina county clerk's summary judgment win against allegations that her negligence resulted in a man being arrested twice over the same unpaid child support dispute, kicking the case back to trial court for new proceedings.

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