Feds Launch Bid To Revamp AML Framework For Banks

By Jon Hill

Federal regulators on Tuesday unveiled plans to overhaul rules that require banks and other institutions to maintain programs for detecting and preventing illicit financial activity, advancing a Trump administration push to streamline anti-money laundering compliance.

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SEC Slams Past Enforcement As It Reports Fewer Cases

By Sarah Jarvis

The U.S. Securities and Exchange Commission announced Tuesday that it brought almost 30% fewer original enforcement actions last year compared to the previous year, a dramatic decrease the agency said follows a past enforcement practice that aimed to "pursue media headlines and run up numbers."

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Analysis

Prediction Markets Tumbling Toward Supreme Court

By Alex Lawson

The vast expanse of litigation over sports offerings on prediction markets was jolted by a Third Circuit decision in favor of Kalshi this week, likely further speeding the issue's already fast track to the U.S. Supreme Court.

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Feds Say Iranian Hackers Are Targeting 'Critical' Infrastructure

By Hailey Konnath

A handful of federal agencies issued a joint cybersecurity advisory Tuesday warning that Iranian-affiliated hackers are taking aim at "critical infrastructure," including drinking water and wastewater systems, leading to multiple disruptions across various sectors.

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Judge Questions FTC's Motive In Gender-Care Probe

By Jared Foretek

A federal judge in Washington said Tuesday he would have to balance any legitimate concerns about parents and children being misled on the issue of gender-affirming care with what appeared to be retaliatory motives behind Federal Trade Commission investigative demands to a pair of nonprofits.

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FCC Opens Probe Into Competition In Telecom Markets

By Christopher Cole

The Federal Communications Commission said it wants to focus on barriers to new entrants in the communications market as it crafts a new report on the state of competition in the industry, with a focus on broadband service.

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Investor Says Nuclear Waste Co. Botched Vote, Curbed Rights

By Jarek Rutz

A nuclear and radiological waste management company stockholder has filed an amended class action in the Delaware Chancery Court accusing the company's board of miscounting votes on a key equity proposal and later adopting bylaws that unlawfully restrict shareholder rights.

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FINRA Fines JPMorgan Unit $3.25M Over Red Flag Lapses

By Sarah Jarvis

A JPMorgan Chase & Co. subsidiary has agreed to pay a $3.25 million fine to end Financial Industry Regulatory Authority claims that it failed to take action on red flags raised over a registered representative's inappropriate and risky investment strategy recommendations that preceded significant customer losses.

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Adani Defendants Preview Dismissal Bid In SEC Case

By Katryna Perera

Billionaire business leader Gautam Adani on Tuesday previewed his plans to seek dismissal of a U.S. Securities and Exchange Commission suit accusing him and his nephew of committing securities fraud in connection with a $750 million bond offering, arguing the claims are outside the scope of U.S. courts.

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Insider Trading Case Unscathed By US Atty Office Shake-Up

By Carla Baranauckas

A federal judge rejected a motion to dismiss the insider trading prosecution of a Garden State broker-dealer's ex-partner, ruling that questions about the leadership of the U.S. attorney's office in New Jersey, including findings that prior supervisory appointments were unlawful, do not taint the indictment or require disqualification of the case prosecutors.

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FDIC Stablecoin Plan Limits Yield, Pass-Through Insurance

By Aislinn Keely

The Federal Deposit Insurance Corporation on Tuesday floated stablecoin rules that would limit the extent of deposit insurance for holders of such tokens and ban certain interest-bearing arrangements with restrictions similar to a recent proposal from its sister banking regulator.

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1-Year Biofuel Exemptions Eligibility Upheld For 2 Refineries

By Gautama Mehta

The U.S. Environmental Protection Agency violated its own regulations by denying exemptions from biofuel blending requirements to two oil refineries in Louisiana and Wyoming, the D.C. Circuit ruled Tuesday.

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DC Circ. Quizzes Gov't On Ex-Navy Admiral's Bribery Case

By Nadia Dreid

A D.C. Circuit judge said Tuesday that she couldn't understand why prosecutors asked — and the court allowed them — to cut 45 minutes from the interview of a retired high-ranking U.S. Navy admiral who was on trial for bribery tied to allegations he steered contracts to a firm that had promised him a job.

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Texas AG Says DOGE Data Led To Fraud Investigations

By Spencer Brewer

The Texas attorney general on Tuesday announced investigations into dozens of Medicaid providers across Texas, claiming that data from the Department of Government Efficiency led to the fraud allegations.

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$8.7M FCA Whistleblower Attys Award Too High, 9th Circ. Says

By Craig Clough

The Ninth Circuit held Monday that a district court's award of $8.7 million in fees and expenses to attorneys representing a whistleblower who claimed Academy Mortgage submitted false insurance claims was too high, saying the case is not "exceptional," and the court didn't justify its lodestar multiplier of 1.75.

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Minn. Can't Unfreeze $243M In Medicaid Funds, Judge Says

By Craig Clough

A Minnesota federal judge on Monday denied the state's preliminary injunction request to release $243 million in Medicaid funds deferred by the federal government during a fraud investigation, holding that the "unprecedented" size and scope of the deferral action doesn't mean the Centers for Medicare & Medicaid Services isn't legally cleared to pursue the action.

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HHS Must Face States' Suit Over RFK's 'Dramatic Overhaul'

By Dorothy Atkins

A Rhode Island federal judge rejected Tuesday the government's bid to toss a group of states' lawsuit challenging Robert F. Kennedy Jr.'s "dramatic overhaul" of the U.S. Department of Health and Human Services, criticizing the government for rehashing jurisdictional arguments the court already rejected and finding the states' claims are plausible.

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Mich. AG Says PBMs Can't Stall Discovery In Drug-Pricing Suit

By Melanie Dorsey

Michigan's attorney general is urging a federal court to reject a renewed bid by pharmacy benefit managers to pause discovery in an antitrust case accusing them of price-fixing reimbursement rates, claiming the companies are relying on exaggerated burden claims and an ordinary motion to dismiss that is unlikely to succeed.

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FTC Must List Potential Remedies In Amazon Antitrust Case

By Matthew Perlman

A Washington federal court ordered the Federal Trade Commission to respond to Amazon's discovery request asking for a list of remedies enforcers intend to seek in the antitrust case alleging its merchant rules drive up online retail prices.

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John Deere Inks $99M Deal In Farmers' Right-To-Repair Suit

By Celeste Bott

John Deere has agreed to pay $99 million to a putative class of farmers to resolve claims that it limits competition for farm equipment repairs by preventing unaffiliated shops from acquiring the necessary tools, and will also provide injunctive relief that would allow those independent repair providers to be able to diagnose and fix John Deere-brand agricultural equipment.

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DOD Opposes DJI's Push To Undo FCC Product Ban

By Ganesh Setty

The U.S. Department of Defense urged the Federal Communications Commission to reject DJI's reconsideration petition after the FCC restricted much of the China-based drone maker's business in the U.S., saying the government's underlying national security determination is correct.

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7 Can't Take Part In FCC Subsidy Programs After Convictions

By Christopher Cole

The Federal Communications Commission on Tuesday blocked seven people convicted of crimes from participating in the agency's numerous subsidy programs that are meant to bolster telecom service throughout the United States.

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DOJ Backs Wrong View Of Accounting Error, 11th Circ. Told

By Anna Scott Farrell

A hedge fund manager challenging the denial of a $1.9 million tax refund related to his private jet told the Eleventh Circuit that the federal government is wrongly parroting a lower court's unreasonable approach to the accounting error underlying the dispute.

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Winston & Strawn Adds White Collar Duo From McDermott

By Lauren Berg

Winston & Strawn LLP announced Tuesday that it is beefing up its white collar defense and government investigations practice in Washington, D.C., and New York with the addition of two former McDermott Will & Schulte partners, who each have years of compliance experience.

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Pivotal 6th Circ. Ruling Threatens Decades Of NLRB Decisions

The Sixth Circuit's recent decision in Brown-Forman v. National Labor Relations Board fundamentally challenged the NLRB's long-standing practice of establishing policies through adjudication rather than formal rulemaking, giving employers and unions a new avenue to procedurally attack the vast majority of its rules, say attorneys at Faegre Drinker.

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What Voluntary Calif. Carbon Reports Show About Compliance

While the enforcement of California's S.B. 261 is currently paused due to a Ninth Circuit injunction, more than 130 companies have nonetheless chosen to voluntarily publish climate-related financial risk disclosures, providing a useful snapshot of how the market is interpreting the law's requirements in practice, say attorneys at DLA Piper.

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Seeking A Policy Fix As Merger Reporting Fight Continues

A recently announced request by the Federal Trade Commission and U.S. Department of Justice for public comment on the Hart-Scott-Rodino premerger reporting requirements, as litigation challenging the commission's updated requirements continues, suggests the government's willingness to address how best to support modern merger enforcement without unduly burdening filing parties, say attorneys at Baker Botts.

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2 Rulings Poke Holes In Mandatory Restitution Framework

The U.S. Supreme Court’s recent ruling in Ellingburg v. U.S., as well as the Third Circuit’s recent ruling in U.S. v. Abrams, provide criminal defense practitioners with new tools to challenge Mandatory Victims Restitution Act orders, and highlight several restitution-related issues that converged in the recent prosecution of former Frank CEO Charlie Javice, say attorneys at Lankler Siffert & Wohl.

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AI Recruiting Suit Shows Old Laws May Implicate New Tools

The Fair Credit Reporting Act allegations recently filed in Kistler v. Eightfold AI, are the latest example of broad definitional language in legacy statutes proving far more dangerous to companies deploying artificial intelligence – particularly in hiring – than any purpose-built artificial intelligence regulation, say attorneys at Ogletree.

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Senior Housing Demands A Distinct Dealmaking Playbook

An aging population and evolving state regulations underscore a critical reality that senior housing assets can undergo operational or compliance shifts during dealmaking, highlighting the need for unique contractual safeguards like expanded disclosures, anchored notice obligations, and targeted closing conditions and remedies, say attorneys at Goodwin.

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Series

NY Banking Brief: All The Notable Legal Updates In Q1

In the first quarter of 2026, New York's banking developments were headlined by initiatives to expand oversight of financial institutions and strengthen consumer protection laws, including a new framework for buy now, pay later lenders, a sweeping debt collection rule and a revised corporate self-disclosure program for financial crimes, say attorneys at Proskauer.

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Pregnant DLA Piper Atty Recounts Firing: 'This Feels Wrong'

By Pete Brush

A former associate who claims DLA Piper unlawfully fired her after she announced she was pregnant told a Manhattan federal jury Tuesday that she got positive feedback as she worked with large corporate clients and was "shocked" when she was terminated.

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Blanche Says Only Trump Knows Why Bondi's Leaving DOJ

By Courtney Bublé

Todd Blanche said on Tuesday he is now acting attorney general and no one, beyond the president, knows why Pam Bondi is out and he is in.

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Calif. Lawmakers Advance Bill To Curtail PE Role In Litigation

By Emily Sawicki

A California bill to ban corporate investors from influencing litigation strategy is heading to the state Senate, backed by bipartisan support from the Assembly.

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Top DOJ Immigration Atty Faces Ethics Complaint

By Jack Karp

The head of the U.S. Department of Justice's immigration litigation office has lied to judges, disobeyed court orders and failed to stop attorneys he supervises from engaging in misconduct in high-profile immigration cases, according to an ethics complaint filed Tuesday.

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Analysis

Habeas Orders Sharpen As Due Process Concerns Mount

By Britain Eakin

Federal judges are issuing increasingly detailed, critical and decisive orders for habeas relief in immigration cases, stepping in as what immigration experts say is a last resort check on a system viewed as having crumbling due process safeguards.

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DOJ Pushes To End Former Immigration Judge's Bias Suit

By Jake Maher

The U.S. Department of Justice moved to dismiss a former Ohio immigration judge's discrimination suit in D.C. federal court this week, calling the complaint "heavy on conclusory statements and speculation and light on allegations of fact."

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Calif. Atty Apologizes, Blames OpenCase For False Citations

By Matt Perez

A California attorney has filed a response to an order for potential sanctions over his alleged use of artificial intelligence, which resulted in false citations, saying the hallucinations appeared in a later draft after using OpenCase to perform a cite check.

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Audio

Approach The Bench: Judge Robinson On Community Court

By Cara Bayles and Steven Trader

Judge Devin Robinson's courtroom at the Red Hook Community Justice Center in Brooklyn looks and feels very different from the courthouse archetype.

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States, DC Back NY AG James In DOJ Probe Appeal

By Emily Sawicki

Backed by amici including the attorneys general of 20 states and the District of Columbia, New York Attorney General Letitia James is fighting the U.S. Department of Justice's bid to reopen an investigation into her office launched by a federal prosecutor found to have been serving unlawfully.

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