Interview

The SEC Is Reading Your Corporate AI Disclosures

By Jessica Corso

The top cop at the U.S. Securities and Exchange Commission says agency attorneys are on the lookout for at least two types of artificial intelligence-related fraud: those that use AI to dupe social media users and those committed by companies that fail to properly disclose their use of the new technology.

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Kalshi Taps Clement For High Court Sports Contracts Fight

By Elaine Briseño

Kalshi has hired appellate heavyweight Paul D. Clement of Clement & Murphy PLLC to represent the company in its potential U.S. Supreme Court battle over whether the prediction markets platform's sports wagering is subject to state or federal oversight.

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Analysis

Binance's $6.3B Crypto Hack Puts Customer Trust To The Test

By Allison Grande

The record $6.3 billion hack of Binance is likely to test customers' faith in the cryptocurrency giant, with its ability to repay losses and willingness to take steps to strengthen its cyber defenses poised to shape whether investors stick with the platform.

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3 Firms Guide Pair Of Biotech IPOs Raising $310M

By Jade Martinez-Pogue

Two biotechnology firms began trading on Friday after raising a combined $310 million in their initial public offerings, marking the latest in a wave of biotechs to hit the public markets.

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Law360 MVP Awards Go To Top Attorneys From 89 Firms

The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.

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OCC Has 'Serious' Concerns On Calif. Climate-Disclosure Law

By Jon Hill

The Office of the Comptroller of the Currency is lobbying California environmental regulators for a national bank carveout from their anticipated state climate-related disclosure rules, signaling it could otherwise seek to shield banks with its federal preemption powers.

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SEC Fines Adviser Over Conflicts Of Interest, Disclosures

By Katryna Perera

A New York investment adviser will pay the U.S. Securities and Exchange Commission $364,000 to resolve claims it breached its fiduciary duty to clients by failing to disclose conflicts of interest involving its affiliated broker-dealer's receipt of revenue-sharing compensation and by including misleading liability disclaimer language in its advisory agreements.

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Underdog Seeks To Halt Wash. Prediction Market Enforcement

By Ben Adlin

Prediction market Underdog urged a Washington federal judge Thursday to stop state authorities from enforcing gambling laws against the company until the U.S. Supreme Court rules on whether prediction markets are subject to state regulation or fall under the exclusive jurisdiction of the Commodity Futures Trading Commission.

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CFTC Seeks To Block Utah Prediction Market Actions

By Aislinn Keely

The U.S. Commodity Futures Trading Commission is asking a Utah federal judge to temporarily block the state from pursuing enforcement actions against prediction market platforms, including Utah's active civil and criminal cases against Kalshi.

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Brief

2nd Circ. To Hear CFTC At Kalshi, Conn. Oral Arguments

By Aislinn Keely

The Second Circuit on Friday said it would permit the U.S. Commodity Futures Trading Commission to share its views on prediction market regulation at upcoming oral arguments between Kalshi and Connecticut regulators.

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Davis Polk-Led Fintech Startup OPay Prices $304M IPO

By Jade Martinez-Pogue

Nigerian digital bank and financial technology startup OPay began trading publicly in the U.S. on Friday after it raised $304 million in its initial public offering steered by Davis Polk & Wardwell LLP and Simpson Thacher & Bartlett LLP.

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Roundup

Taxation With Representation: Kirkland, Gibson Dunn, Cravath

By Zak Kostro

In this week's Taxation with Representation, Blackstone, Bank of America, Citi and Morgan Stanley announce a financing structure to buy Broadcom artificial intelligence chips and network components for Anthropic, EQT acquires Range Resources to create a powerhouse natural gas company, and DoorDash buys Instacart.

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ChargePoint To Fund $11M Investor Deal From Its Own Cash

By Craig Clough

ChargePoint Holdings Inc. investors inked an $11 million deal to end a proposed securities class action alleging the electric vehicle charging company improperly inflated its revenues, according to a motion filed Thursday asking a California federal judge to preliminarily approve the settlement.

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2nd Circ. Rejects Reed Smith's Bid To Halt File Turnover

By Bonnie Eslinger

The Second Circuit denied Reed Smith LLP's emergency stay request to pause lower court decisions requiring it to turn over client files related to shipping company Eletson on Friday, saying in a succinct order the same day that the bid didn't meet requirements outlined by the U.S. Supreme Court.

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Assessing Hidden Risk Of Administrative Agency Settlements

Though administrative resolutions of U.S. Securities and Exchange Commission investigations may seem preferable to settled federal court actions, the possibility that private plaintiffs may use commission orders in follow-on litigation poses an extra risk, increasing the importance of negotiating the settlement's form and language, say attorneys at Debevoise.

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FinCEN Scam Alerts Push Banks To Rethink AML Monitoring

Recent Financial Crimes Enforcement Network guidance on digital asset scams suggests that future anti-money laundering examinations may focus less on whether institutions detect the movement of criminal proceeds and more on whether they can identify fraud schemes before victims suffer catastrophic losses, say attorneys at Ballard Spahr.

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How AI Could Help Judges Spot Their Own Biases

In close cases where there’s room for discretion, artificial intelligence could challenge judges’ implicit biases by running counterfactual tests at scale — but any judicial use of such tools would need guardrails, say Arnold Peter at Peter Law and Nancy Rapoport at University of Nevada.

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Are You Happy With Your In-House Role? Take Our Survey

Is your company giving you everything you need to succeed? What are some misconceptions about working in-house? Help Law360 Pulse answer these questions and more in this year's In-House Satisfaction Survey.

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Ramona Nee, Tapped To Lead Weil, Now In Talks With Kirkland

By Daniel Moritz-Rabson

Ramona Nee, the co-leader of Weil Gotshal & Manges LLP's U.S. private equity practice who had been poised to become its leader, is engaged in talks to join Kirkland & Ellis LLP, a source with knowledge of the situation told Law360 Pulse on Friday.

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K&L Gates DQ'd In Trust's Mortgage Loan Agreement Dispute

By Isaac Monterose

A Washington federal judge disqualified K&L Gates LLP from a trust's dispute over a residential mortgage loan sale agreement, ruling that the law firm must leave the suit because it drafted the form agreement used in the transaction.

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Jackson Walker Inks $500K Deal In EXCO's Ch. 11 Fee Fight

By Clara Geoghegan

Jackson Walker has agreed to pay EXCO Resources Inc. $500,000 to end litigation over fees paid to the firm while one of its partners was in an undisclosed relationship with the former bankruptcy judge who mediated in the reorganized oil and gas driller's Texas Chapter 11.

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Fed. Judge A No-Show Amid Inquiry Into Her Mental Health

By Craig Clough

U.S. District Judge Ada Brown of the Northern District of Texas failed to appear Friday before a judicial investigative committee examining allegations that she abandoned her post and concerns that a mental condition may be interfering with her ability to perform her duties.

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Judge Opens Ethics Inquiry Into DOJ's Golf Course Candor

By Jared Foretek

A D.C. federal judge opened an inquiry Friday into whether Trump administration attorneys and officials violated their ethical obligations to the court when they repeatedly told her that there were no plans to close East Potomac Golf Course for an overhaul at President Donald Trump's behest.

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Cyberattack Class Action Against Fox Rothschild Dropped

By Madison Arnold

Three data breach victims have dismissed their proposed class action against Fox Rothschild LLP after ransomware group Silent Ransom Group targeted the firm.

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DOJ Backs Ex-Wisconsin Judge's ICE Obstruction Conviction

By Andrea Keckley

The U.S. Department of Justice told the Seventh Circuit that the high-profile conviction of a former Wisconsin state court judge for interfering with an ICE arrest was not compromised by her position on the bench or by jury instructions.

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Roundup

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

Meta reached a settlement during jury selection in the second Los Angeles bellwether trial over claims its Instagram platform harms the mental health of children, leaving Snap as the lone defendant facing trial. In the meantime, current and former in-house lawyers for Google and Meta said that the ability of AI to write patent applications is rapidly improving, and that in blind tests, experienced attorneys often deem AI-drafted patents to be superior to those from humans. These are some of the stories in corporate legal news you may have missed in the past week.

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Law360's Legal Lions Of The Week

By Kevin Penton

Consovoy McCarthy PLLC and Smith Porsborg Schweigert Armstrong Moldenhauer & Smith lead this week's edition of Law360 Legal Lions, after the Eighth Circuit struck down the Federal Reserve's regulatory cap on the swipe fees that larger banks may collect on debit card transactions.

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Up Next At High Court: Religious Liberty & Unpled Defenses

By Katie Buehler

The U.S. Supreme Court will begin its November sitting by hearing oral arguments in a case challenging the constitutionality of Colorado's universal preschool program and a dispute asking the justices to settle a circuit split over whether defendants in civil lawsuits can seek summary judgment based on unpled affirmative defenses.

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Roundup

Hub Hires: WilmerHale, Womble Bond, Kirkland

By Chris Villani

Falling temperatures didn't bring a cooldown in the Boston legal lateral market as WilmerHale and Robinson & Cole LLP both welcomed former assistant attorneys general, Honigman LLP established its first office in the market, and Kirkland & Ellis LLP snagged a partner from Ropes & Gray LLP.

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In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week.

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