Trump's CFTC Nominee Publicly Feuds With Winklevoss Twins

By Jessica Corso

Brian Quintenz is accusing crypto exchange founders Tyler and Cameron Winklevoss of pressuring President Donald Trump to delay his nomination to lead the U.S. Commodity Futures Trading Commission, saying in a social media post that the identical 44-year-old twins were apparently unhappy that he refused to make promises about a complaint they've lodged against agency attorneys.

Read full article » | Save to favorites »

SEC Fights Musk's Bid To Send Twitter Case To Texas

By Jessica Corso

The U.S. Securities and Exchange Commission is challenging Elon Musk's attempt to have a lawsuit over his purchase of Twitter shares moved to Texas, arguing Thursday that there was "no question" that the case belonged in Washington, D.C.

Response attached | Read full article » | Save to favorites »

Cooley-Led LB Pharmaceuticals Raises Upsized $285M IPO

By Jade Martinez-Pogue

LB Pharmaceuticals, a clinical-stage biopharma company developing therapies for a number of neuropsychiatric diseases, hit the public markets on Thursday after raising $285 million in an upsized initial public offering.

Read full article » | Save to favorites »

BlackRock, Pictet Back Swiss Marketplace's $1.3B IPO

By Dawood Fakhir

Online marketplace owner SMG said on Thursday that it expects to raise up to approximately 1.04 billion Swiss francs ($1.3 billion) in its initial public offering scheduled to take place on the SIX Swiss Exchange on Sept. 19.

Read full article » | Save to favorites »

SEC Drops Suit Against Nikola Founder After Trump's Pardon

By Gina Kim

The U.S. Securities and Exchange Commission on Thursday ended its civil enforcement action in New York federal court against Nikola founder Trevor Milton months after he was pardoned by President Donald Trump for his securities fraud conviction on charges of lying to boost the company's stock on Wall Street.

1 document attached | Read full article » | Save to favorites »

Trump Wants Fed Gov. Cook Out Before Next Rate Meeting

By Lauren Berg

The Trump administration asked the D.C. Circuit Thursday to halt a preliminary injunction barring the removal of Federal Reserve Gov. Lisa Cook, urging the appellate court to fast-track its decision in an effort to block Cook from participating in a meeting regarding interest rates next week.

Motion attached | Read full article » | Save to favorites »

CFTC Withdraws Biden-Era Voluntary Carbon Credit Guidance

By Juan-Carlos Rodriguez

The U.S. Commodity Futures Trading Commission has withdrawn Biden-era guidelines that were intended to foster transparency and deter manipulation in the emerging market for voluntary carbon credits.

Notice attached | Read full article » | Save to favorites »

Media, Sports-Focused SPAC's $240M IPO Guided By 3 Firms

By Elaine Briseño

Trailblazer Acquisition, a blank-check company whose target businesses include media and sports and entertainment, was steered by three law firms as it raised $240 million in an upsized initial public offering with 24 million units at $10.

Read full article » | Save to favorites »

Deals Rumor Mill

AI, Tech and More Sectors Drive $4B-$7B Deal Rumors

By Al Barbarino

Valuations in the $4 billion to $7 billion range emerged as the sweet spot in this week's deal rumors, with companies across artificial technology, tech and other sectors reportedly nearing stake sales, divestitures and initial public offerings.

Read full article » | Save to favorites »

Capital One Sues FDIC Over $149M SVB Bailout Charge

By Katryna Perera

Capital One has sued the Federal Deposit Insurance Corp. in Virginia federal court challenging a $149 million charge in a special assessment levied by the agency as part of an effort to recoup losses from the 2023 regional banking crisis, saying the FDIC improperly included certain data in its calculation of the special assessment.

Complaint attached | Read full article » | Save to favorites »

Ex-Nikola CEO Seeks To Undo Investor Class In Fraud Case

By Sydney Price

Former Nikola CEO Trevor Milton on Thursday asked an Arizona federal judge to decertify at least part of a class of investors accusing him and the company of exaggerating the viability of Nikola's technology and its business prospects, arguing the lead investors didn't identify and contact class members during discovery.

Motion attached | Read full article » | Save to favorites »

Weedmaps Shouldn't Get To Exit Fraud Suit, Investor Says

By Jonathan Capriel

Weedmaps Technology Inc., a cannabis tech company that was fined by federal regulators for allegedly misleading investors, shouldn't be allowed to escape an investor-led proposed class action, the lead plaintiff has told a California federal court, saying the company's arguments defy common sense and understandings of the word "engage."

2 documents attached | Read full article » | Save to favorites »

Capital One Unit Can't Nix OT Misclassification Case

By Irene Spezzamonte

A Virginia federal judge ruled that a former Capital One employee can concurrently pursue claims under federal and state overtime laws, adding that the bank made some premature arguments when it tried to toss a suit accusing it of misclassifying learning associates as overtime-exempt.

Opinion attached | Read full article » | Save to favorites »

Texas Justices Wary Of Letting Developers Out Of $75M Bond

By Spencer Brewer

Texas Supreme Court justices seemed hesitant Thursday to buy an argument from Greystar Development & Construction LP that it and other defendants on the hook for a $406 million judgment only need to collectively pay a $25 million bond for their appeal, saying the statute seemingly compels each individual defendant to pony up.

Read full article » | Save to favorites »

DLA Piper Adds Leveraged Finance Partner In LA

By Isaac Monterose

DLA Piper has hired a former Katten Muchin Rosenman LLP attorney as a leveraged finance partner in Los Angeles, where she will also serve as leader of the firm's West Coast fund finance team.

Read full article » | Save to favorites »

Series

Being A Professional Wrestler Makes Me A Better Lawyer

Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

Read full article » | Save to favorites »

Analysis

When The Supreme Court Says Using Race Is OK

By Marco Poggio

The U.S. Supreme Court is allowing government agencies to expressly use race in furthering their immigration enforcement goals, while prohibiting the use of race as even one of the factors to consider in college admissions. Some legal scholars see a double standard.

Order attached | Read full article » | Save to favorites »

Quinn Emanuel's $30M Fee Bid Flouts Ch. 11, Co. Says

By Julie Manganis

Israeli printed circuit maker Nano Dimension has told a Massachusetts federal judge that Quinn Emanuel Urquhart & Sullivan LLP can't claim a $30 million attorney's lien to make an "end run" around the bankruptcy of 3D printing company Desktop Metal, a former client that Nano acquired.

Memorandum attached | Read full article » | Save to favorites »

Hagens Berman Doubles Down On AI-Tainted Brief Correction

By Adrian Cruz

Hagens Berman Sobol Shapiro LLP said that the firm has an ethical duty to correct briefs tainted by artificial intelligence errors and that the corrected versions shouldn't be stricken from a proposed class action against online platform OnlyFans' parent company.

Brief attached | Read full article » | Save to favorites »

Calif. Bill Blocking Fee Sharing With ABS Firms Heads To Gov.

By Emily Sawicki

A bill heading to California Gov. Gavin Newsom's desk is poised to tighten rules to restrict alternative business structure law firms from operating in the Golden State by blocking lawyers from sharing fees with out-of-state firms owned by non-lawyers.

Bill attached | Read full article » | Save to favorites »

Analysis

Appeals Courts Rethink Harsh Youth Sentences, Search Rules

By Brandon Lowrey

State appellate courts across the country have issued major criminal law opinions this year, softening some of the harshest sentences for young defendants while shifting rules for searches and evidence collection.

Read full article » | Save to favorites »

NYC Eviction Counsel Program Struggles To Meet Its Goals

By Andrea Keckley

More than half the households eligible for New York City's Right to Counsel program are not receiving legal representation in eviction cases, with representation rates peaking at just over half the qualified tenants in 2022 before falling to roughly one-third of citywide tenants in 2024, according to a report.

Read full article » | Save to favorites »

Analysis

New Guidance Hacks Away At Immigration Judges' Powers

By Britain Eakin

A steady stream of Board of Immigration Appeals decisions and Executive Office for Immigration Review memos, capped by recent guidance on handling constitutional claims, shows a Trump administration reining in immigration judges overseeing removal cases.

1 document attached | Read full article » | Save to favorites »

Analysis

Mich. AG's Loss Spells Trouble For Other Fake Elector Cases

By Carolyn Muyskens

The dismissal of charges against Michigan Republicans who participated in the so-called fake elector plot after the 2020 presidential election shows that establishing intent could be a hurdle for prosecutors as they pursue similar cases in other states, legal experts said.

Read full article » | Save to favorites »

'Tyrant' Indiana Judge Ousted Over Misconduct

By Lynn LaRowe

An Indiana superior court judge who "wielded his position of power like a tyrant" during his three years on the bench has been permanently barred from judicial service by the state's Supreme Court.

Opinion attached | Read full article » | Save to favorites »

Analysis

Fresh Angles On Display In ERISA Summer Filing Uptick

By Kellie Mejdrich

Attorneys dealing with a rise in Employee Retirement Income Security Act cases are paying close attention to a handful of recent suits with allegations that put a twist on traditional benefits disputes. Here, Law360 looks at three cases with fresh angles that lawyers are keeping an eye on.

3 documents attached | Read full article » | Save to favorites »

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen former Master Chef presenter Gregg Wallace sue the BBC, Elon Musk's xAI take legal action against a staff engineer, and fashion mogul Kevin-Gerald Stanford file a fresh claim against Lion Capital-owned Klotho and EY amid a long-running All Saints share acquisition dispute.

Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The federal government has accused Uber Technologies Inc. of discriminating against riders with disabilities, including individuals traveling with service animals or using stowable wheelchairs. Meanwhile, a new Law360 analysis shows that male lawyers still hold nearly three times as many equity partner roles as women do.

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Kaplan Martin LLP leads this week's edition of Law360 Legal Lions, after the Second Circuit upheld an $83.3 million award against President Donald Trump for defaming writer E. Jean Carroll in 2019 in the wake of her sexual assault allegations, rejecting his claims of presidential immunity.

Read full article » | Save to favorites »