Chinese EV Battery Giant Generates $4.6B IPO Amid Tensions

By Tom Zanki

Electric-car battery maker Contemporary Amperex Technology Co. Ltd. began trading in Hong Kong after raising a $4.6 billion initial public offering, completing the year's largest equity offering globally despite tension between Washington and Beijing, guided by four law firms.

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SEC Chair Says Staff Exits Have Left Holes In Agency

By Jessica Corso

U.S. Securities and Exchange Commission Chair Paul Atkins told Congress Tuesday that the agency has lost hundreds of employees in recent months due to voluntary buyouts and early retirement incentives, and that some now-missing expertise will need to be replaced. 

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Nextdoor Beats Investor Suit Over Post-SPAC Profitability

By Katryna Perera

A California federal judge has tossed a shareholder class action that alleges hyperlocal social networking service Nextdoor Holdings Inc. misled investors about its projected profitability when combining with a special purpose acquisition company, saying the suit's plaintiff never owned or sold the company's securities before the merger, among other things. 

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Barclays Officials Beat Shareholder's Suit At NY High Court

By Sarah Jarvis

New York's highest court on Tuesday rejected arguments that current and former officials of London-based Barclays PLC can be sued under New York law over a series of scandals that have rocked the bank, a decision that sparked rebuke from the court's chief judge.

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NJ Justices Take Up Bond Marketing Suit Against Big Banks

By Carla Baranauckas

The New Jersey Supreme Court will review a lower appellate court's ruling in favor of JPMorgan Chase & Co., Citigroup Inc., Wells Fargo and other big banks in a lawsuit accusing them of a scheme to inflate the interest rates of certain bonds, according to an order list the justices released Tuesday.

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FDIC Nixes Biden-Era Merger Rules As House Passes OCC Bill

By Jon Hill

The Federal Deposit Insurance Corp. on Tuesday finalized the repeal of stricter bank merger guidelines adopted last year, pulling them back the same day as the U.S. House moved to nullify the Office of the Comptroller of the Currency's Biden-era merger policy rewrite.

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SafeMoon CEO's Crypto Talk 'Riddled With Lies,' Jury Told

By Pete Brush

A Brooklyn federal jury was set to deliberate charges accusing a U.S. Army veteran from Utah of conspiring to loot crypto company SafeMoon, after federal prosecutors on Tuesday walked jurors through what they called powerful evidence of the former CEO's guilt.

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Crypto Co. Genesis Sues Parent Co. Over $1.2B In Transfers

By Jared Foretek

Genesis Global Capital, a crypto lender that filed for bankruptcy in 2023, is now suing its parent company in bankruptcy court, seeking to recover more than $1.2 billion that the lender says was transferred to insiders while the company was insolvent and headed for Chapter 11.

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Crypto Co. Says Uniswap Uses Its Patented DeFi Tech

By Aislinn Keely

The developer of decentralized exchange Bancor on Tuesday accused the entities behind its competitor Uniswap of wrongfully using patented smart contract technology that went on to underpin much of the decentralized finance ecosystem.

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Hogan Lovells Taps White & Case Atty As Derivatives Leader

By Andrea Keckley

Hogan Lovells announced Monday that it has appointed Edward So, a New York lawyer from White & Case LLP, to serve as its head of derivatives for the Americas — touting his 20-plus years of experience in law firms and as in-house counsel. 

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Reed Smith Adds 2 Ex-A&O Shearman Corporate Finance Pros

By Andrea Keckley

Reed Smith announced the addition of two Asia-based attorneys from A&O Shearman to its financial industry group, including the former co-managing partner of A&O's Singapore office.

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The Alien Enemies Act Cases: A Roundup

By Britain Eakin

Litigation over President Donald Trump’s March 14 proclamation invoking the 1798 Alien Enemies Act has moved at breakneck speed, spurring two U.S. Supreme Court decisions already while at least five different districts weigh his authority to invoke the wartime law. Here, Law360 catches you up on major developments in the litigation.

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Injunction On Trump Order Limited To Perkins, Judge Clarifies

By Dorothy Atkins

A D.C. federal judge on Tuesday clarified the scope of her injunction blocking President Donald Trump's executive order targeting Perkins Coie LLP, explaining that her ruling prohibits the president from directing government agencies to investigate only Perkins Coie's employment practices and not the other BigLaw firms.

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'Not A Denny's': 5th Circ. Judge Chides High Court Stopwatch

By Lauren Berg

The Fifth Circuit on Tuesday expedited a case brought by Venezuelans who are accused of being gang members and who are challenging the use of a 1798 wartime law to deport them to an El Salvador prison, with one judge chastising the U.S. Supreme Court's majority for allowing the appeal to move forward.

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Trump Case May Bolster Wis. Judge's Pitch For Immunity

By Jack Karp

The Wisconsin judge accused of obstructing federal immigration authorities' arrest of an unauthorized migrant in her courtroom has a strong argument that judicial immunity protects her after the U.S. Supreme Court's presidential immunity ruling, some experts say, while others say judicial immunity does not extend to criminal prosecutions.

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Analysis

CFPB's Guidance Purge May Have Limited Impact For Industry

By Jon Hill

The Trump administration's recent culling of Consumer Financial Protection Bureau guidance may help advance the agency's pivot to lighter-touch regulation, but consumer advocates and even some financial services attorneys say the rescinded policies could still shape litigation and leave companies guessing about the agency's current views.

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Attys For Alleged Fox Hacker 'Deeply Regret' Fake AI Citations

By Matt Perez

Two attorneys apologized to a Florida federal judge on Monday for filing a motion to dismiss charges against their client — alleged Fox News video hacker Timothy Burke — that contained fake legal citations generated by artificial intelligence.

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Insurers Say Legal Malpractice Costs Keep Outpacing Inflation

By Emily Sawicki

The frequency at which major law firms faced malpractice claims held relatively steady in 2024, but payouts on claims continued to boom at a rate outpacing general inflation, according to this year's legal professional liability insurance survey, with nearly half of insurers surveyed reporting having paid at least one claim over $150 million.

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Amazon, Apple Get Atty Fees Over Dropped Antitrust Plaintiff

By Bonnie Eslinger

A Washington federal judge on Tuesday ordered an ousted lead plaintiff's counsel in a proposed antitrust class action against Amazon and Apple to pay a combined $223,000 in attorney fees to the defendants after finding last month that the lawyers had failed to tell the court that their client had abandoned the case.

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GSA Official Gives Mea Culpa On 'Non-Core' Federal Property

By Courtney Bublé

A top official of the federal government's real estate overseer testified on Tuesday that the administration was a bit rash in publishing a list two months ago with more than 400 "non-core" government properties, including federal courthouses, that it was considering disposing of.

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DOJ Watchdog Asked To Probe AG's Trump Media Stock Sales

By Craig Clough

Rep. Jamie Raskin of Maryland, the ranking Democrat on the House Judiciary Committee, on Tuesday urged the U.S. Department of Justice's inspector general to investigate Attorney General Pam Bondi's sale of millions of dollars' worth of shares in Trump Media just ahead of the stock market plunging.

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Dem Lawmakers Reintroduce Supreme Court Ethics Bill

By Lauren Berg

Two Democratic lawmakers on Tuesday reintroduced bills in the House and Senate that would require the U.S. Supreme Court to adopt a binding ethics code and create new recusal and disclosure standards for the nine justices.

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State AGs Back NJ Judicial Privacy Law At 3rd Circ.

By Jack Karp

Most states' attorneys general, along with law enforcement organizations and a data privacy group, have encouraged the Third Circuit to uphold a New Jersey judicial privacy measure, saying states have sovereignty to enact such laws in a time of increased threats against judges.

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