FDIC Floats Rule 'Indexing' Plan In Deregulatory Blitz

By Jon Hill

The Federal Deposit Insurance Corp. has unveiled plans to begin automatically raising dollar thresholds used to determine which compliance requirements apply to banks, part of a broader raft of deregulatory measures that agency leaders advanced on Tuesday.

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Reed Smith Says Docs Slipped Through Stay In Eletson Row

By Emily Sawicki

Reed Smith has asked the Second Circuit to again step in and block new owners of reorganized Greece-based international shipping company Eletson from viewing communications between the firm and the company's prior owners, saying that, despite a stay already in place, the new owners were allowed to acquire some files.

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Betting Site Polymarket Says Feds Have Dropped Probe

By Jessica Corso

Federal prosecutors have ended an investigation into the betting site Polymarket without taking any action against the platform, the company's CEO said in a social media post Tuesday.

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FDIC Says Farella Braun Can't Get Fees In First Republic Suit

By Katryna Perera

The Federal Deposit Insurance Corp. has asked a California federal court to toss a more than $50,000 legal fee claim tied to First Republic Bank's collapse, arguing that Farella Braun, the law firm behind the claim, failed to submit a valid written agreement or itemized invoices and its claim is legally insufficient.

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Brief

Gould Sworn In As Comptroller Of Currency

By Katryna Perera

Former Jones Day partner Jonathan Gould on Tuesday was sworn in as the next leader of the Office of the Comptroller of the Currency, marking his return to the agency where he spent more than two years as chief counsel.

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Deep Sea Mining Co. Gets Suit Over 'Green' Investments Axed

By Katryna Perera

A New York federal judge has dismissed in its entirety a suit accusing The Metals Co. Inc. of misleading investors about the magnitude of its "green" investments and its private equity backing before going public, finding that the suit's challenged statements were not false when made.

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Weedmaps, SPAC Officers Want Out Of Investor SEC Fine Suit

By Sydney Price

Cannabis tech company Weedmaps Technology Inc. and leaders of a blank check company that it merged with have asked to be released from an investor's proposed class action alleging damages following the U.S. Securities and Exchange Commission's announcement that it fined Weedmaps $1.5 million for allegedly making misleading statements about its monthly active users.

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LA Deputies Admit Using Positions To Aid Crypto 'Godfather'

By Anna Scott Farrell

Two Los Angeles County sheriff's deputies admitted using their official positions to harass enemies of a cryptocurrency founder who called himself "The Godfather" and failed to report $36 million in income from selling hacked Meta business accounts, the U.S. Department of Justice said.

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Tornado Founder Wasn't In On Crypto Laundering, Jury Told

By Stewart Bishop

Counsel for a Seattle-area software developer and co-founder of Tornado Cash told a New York federal jury on Tuesday that he had nothing to do with North Korean cybercriminals and others who used the cryptocurrency mixer to launder more than $1 billion in ill-gotten gains.

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PCAOB Chief Erica Williams Has Resigned, SEC Chair Says

By Hailey Konnath

Erica Y. Williams has resigned as chair and a board member of the Public Company Accounting Oversight Board after more than three years in the position, according to a statement issued Tuesday by U.S. Securities and Exchange Commission Chairman Paul S. Atkins.

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Holland & Knight Adds LGBTQ-Led Startup Pro To VC Team

By Tracey Read

Holland & Knight LLP has added a director of client development with over a decade of experience in venture capital, startup investing and business development for its emerging companies and venture capital practice.

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Quantifying Trading-Based Damages Using Price Impact

The U.S. Securities and Exchange Commission will likely increasingly rely on price impact analyses to demonstrate pecuniary harm from trading-related misconduct, meaning measuring price impact will be helpful in challenging SEC disgorgement, determining appropriate remedies, and assessing loss causation and damages in private litigation, says Vyacheslav Fos at Boston College and Erin Smith at Compass Lexecon.

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Congress Crypto Movement Could Bring CFTC 'Clarity' At Last

The Clarity Act's arrival at the House floor during "Crypto Week" in Congress demonstrates enduring bipartisan support for legislation addressing digital assets and the Commodity Futures Trading Commission's important role in a future regulatory structure, say attorneys at DLA Piper.

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Opinion

4 Former Justices Would Likely Frown On Litigation Funding

As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

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Keesal Young Accuses Stradley Ronon Of Unfair Poaching

By Emma Cueto

Stradley Ronon Stevens & Young has been hit with allegations from California firm Keesal Young & Logan that it unfairly poached both shareholders and associates from the firm, allegedly conspiring with the departing attorneys to violate their agreements with the firm and costing Keesal Young $2.5 million in annual profits.

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Jackson Walker, US Trustee Tell Court 'There's No Deal'

By Lauren Berg

Jackson Walker LLP and the federal government's bankruptcy watchdog told a Texas federal judge Tuesday that they have not reached an agreement to resolve a fee dispute stemming from a former bankruptcy judge's previously undisclosed romantic relationship with a onetime partner of the firm.

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Trump Admin Fires 17 More Immigration Judges, Union Says

By Hailey Konnath

The Trump administration has fired 17 more immigration judges, bringing the total of immigration judges that have either been terminated, transferred or accepted retirement offers since January to 103, according to an announcement made Tuesday by the union that represents them.

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Wisconsin Judge Says Actions Were Part Of Judicial Duties

By Adrian Cruz

The Wisconsin state judge accused of helping an immigrant living in the country illegally avoid arrest objected to a federal judge's recommendation not to have her indictment dismissed, arguing Tuesday that her actions were lawful and that accepting the recommendation would set a dangerous precedent.

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Advocates Turn To Florida High Court For Bondi Ethics Probe

By Madison Arnold

A group of attorneys, law professors and former judges asked the Florida Supreme Court on Tuesday to order the Florida Bar to investigate U.S. Attorney General Pam Bondi for alleged unethical conduct.

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Grassley Rejects Dems' Push For 2nd Hearing On Emil Bove

By Courtney Bublé

Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, on Tuesday rebuffed the request from Democrats on his committee for the whistleblower who made claims regarding Third Circuit nominee Emil Bove to testify and said the committee will proceed with the vote on Bove's nomination Thursday.

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SEC Drops Bribery Suit Against Ex-Cognizant Execs

By Lauren Berg

The U.S. Securities and Exchange Commission told a New Jersey federal court Tuesday that it will drop its lawsuit against the former president and chief legal officer of Cognizant Technology Solutions Corp. over an alleged bribery scheme, after the U.S. Department of Justice dropped a related criminal case.

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Analysis

High Court Term Yields Gains For Criminal Defendants

By Marco Poggio

The U.S. Supreme Court addressed several contentious issues this term, with the conservative majority prevailing in numerous high-profile cases. Yet, in a notable trend, the court also issued multiple rulings favorable to criminal defendants, including expanding prisoners' rights in civil lawsuits and reinforcing due process protections in capital cases.

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Funding 'Crisis' Jeopardizes Indigent Defense, Judiciary Says

By Courtney Bublé

The judiciary rang the alarm on Tuesday that funding has been exhausted for the private attorneys who represent indigent federal criminal defendants, and this predicament is expected to last for three months.

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2 NY Legal Services Shops Go On Strike, More Could Follow

By Andrea Keckley

Two member shops of the Association of Legal Aid Attorneys — a union that represents thousands of public interest attorneys and advocates in the New York City metro area — commenced strikes Tuesday, with deadlines for others looming later this week as the ALAA hopes its sectoral bargaining strategy will lead to better contracts.

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Jeanine Pirro's $11M Net Worth Revealed In Disclosure

By Courtney Bublé

Former judge and Fox News host Jeanine Pirro, nominee for U.S. attorney for the District of Columbia, has a net worth of over $11 million, according to a financial disclosure obtained by Law360 on Monday.

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Judge Denies Early Win For Family Of Atty Seeking 9/11 Fees

By Jared Foretek

A D.C. federal judge denied an early win for the estate of a 9/11 families attorney suing the firm that contracted him over fees Tuesday, lambasting the contracts at the center of the litigation for their lack of clarity and suggesting that a trial might be the only way to discern their meaning.

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Analysis

The Biggest IP Agency Developments Of 2025: Midyear Report

By Theresa Schliep

The U.S. Patent and Trademark Office and the U.S. Copyright Office have not been spared from the Trump administration's shake-ups and changes across the federal government in the first half of the year.

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Court Reporters Defend Suit Saying Group Coerces Dues

By Bryan Koenig

A pair of court reporters defended their New Jersey federal court proposed class action accusing the National Court Reporters Association of anticompetitively conditioning needed certification on expensive membership with the group, arguing the NCRA can't try to argue that membership and certification are one and the same.

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