Tricolor Execs Charged With Fraud In Billion-Dollar Collapse

By Rick Archer

A Manhattan federal grand jury has indicted the ex-CEO and ex-chief operating officer of bankrupt subprime auto lender Tricolor Holdings, saying they engaged in years of fraud on the company's lenders and investors.

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Analysis

The Top Trademark Decisions Of 2025

By Theresa Schliep

The U.S. Supreme Court vacated a trademark infringement award that reached nearly $47 million and found nonparties couldn't be on the hook for the amount, while the Federal Circuit reproached a trademark tribunal for its handling of a man's attempt to register the F-word. Here are Law360's picks for the biggest trademark decisions of 2025.

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First Brands' Former CEO Moves To Dismiss Fraud Case

By Emlyn Cameron

Patrick James, the founder and former CEO of First Brands Group, urged a Texas bankruptcy judge to toss an adversary suit the auto-parts maker filed targeting him, saying the complaint failed to adequately accuse him of fraudulent activity.

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Chancery OKs $10M Fat Brands Settlement, Defers Fees

By Jarek Rutz

A judge in the Delaware Chancery Court on Wednesday approved a proposed settlement resolving two long-running shareholder derivative suits against Fat Brands Inc. and its controlling stockholder, finding that the deal delivers immediate cash, targeted governance reforms and a realistic recovery in light of substantial litigation and collectibility risks, while reserving judgment on a disputed request for attorney fees.

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NC Panel Revives Part Of Solar Co. Ex-Atty's Sex Bias Suit

By Abigail Harrison

A North Carolina attorney can proceed with a piece of her lawsuit alleging a solar company discriminated against her based on sex while she served in a senior legal role, after a state appeals court revived one of her claims Wednesday.

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Meta Blamed For Teens' Instagram 'Sextortion' Suicides

By Lauren Berg

The parents of a 16-year-old boy from Scotland and a 13-year-old boy from Pennsylvania blame Meta and Instagram for their children dying by suicide after being "sextorted" through the photo sharing platform, alleging in a lawsuit Wednesday that the social media companies know the app connects predators to children.

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Adderall Telehealth Startup Indicted After CEO's Conviction

By Mark Payne

A San Francisco grand jury has indicted California telehealth startup Done Global, alleging it had a role in a healthcare fraud conspiracy that involved submitting false claims to government health programs and distributing $100 million in Adderall and other drugs through subscription services, federal prosecutors said Wednesday. 

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Ex-Atlanta Hawks Exec Pleads Guilty In $3.8M Fraud Case

By Kelcey Caulder

A former finance executive with the NBA's Atlanta Hawks pled guilty to wire fraud Tuesday, striking a deal to resolve a case in which federal prosecutors accused him of embezzling more than $3.9 million from the team.

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SEC Again Flags Adviser Testimonials, Ratings In Marketing

By Sarah Jarvis

The U.S. Securities and Exchange Commission's Division of Examinations has again flagged advisers' disclosures regarding their use of testimonials, endorsements and third-party ratings in advertisements, saying staff have observed noncompliance with commission rules in those areas.

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Brief

Convicted Oil Trader Will Appeal 15-Month FCPA Sentence

By Brian Steele

A former Freepoint Commodities LLC and Arcadia Fuels Ltd. oil trader has told a federal court that he intends to appeal his 15-month prison sentence and $300,000 fine after a jury found him guilty of bribing an official at Brazilian oil giant Petroleo Brasileiro SA.

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Starbucks Brass Face Derivative Suit Over 'Triple Shot' Plan

By Sydney Price

Executives and directors of Starbucks have been hit with a shareholder derivative complaint accusing them of misleading investors about the coffee chain's prospects for its so-called Triple Shot Reinvention strategy, which the suit alleges fell short.

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JPMorgan Ex-Advisers Sue Over Alleged Race And Sex Bias

By Emilie Ruscoe

JPMorgan Chase & Co. and its broker-dealer unit are facing claims they discriminated against two Black women who had worked for the companies as financial advisers, giving them unfavorable branch assignments and leave-related client reassignments while later forcing them to take lower-paying remote jobs they eventually had to quit.

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Air Taxi Co. Settles SPAC Merger Price Suit For $17.75M

By Jeff Montgomery

Stockholders of former air transport venture Blade Air Mobility Inc. have agreed to settle for $17.75 million a Delaware Chancery Court stockholder derivative suit accusing an officer and controlling investors of breaching their fiduciary duties in a take-public deal via a special purpose acquisition company.

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Nikola Founder's Suit Against CNBC Time-Barred, Panel Says

By George Woolston

Nikola Corp. founder Trevor Milton's trade libel claims against CNBC and short‑seller Hindenburg Research are actually defamation claims and time-barred, a New Jersey appellate panel said in a decision tossing the suit and awarding the defendants attorney fees.

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Consulting Co., Ex-Worker Seek OK Of Revised $295K OT Deal

By Benjamin Morse

A consulting company and a former worker who lodged a proposed collective action took a second crack at persuading a Washington federal judge to sign off a $295,000 settlement, saying they now have shown a bona fide dispute over whether the company was required to pay overtime.

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10th Circ. Panel Restores $2.9M FINRA Award Against Adviser

By Katryna Perera

A Tenth Circuit panel on Wednesday reinstated a $2.9 million Financial Industry Regulatory Authority arbitration award against a financial adviser who allegedly undermined a firm she worked for, ruling that she waived any objections she had to arbitrating with the plaintiffs before FINRA.

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CFTC's Pham Will Head To Crypto Co. MoonPay After Exit

By Aislinn Keely

The U.S. Commodity Futures Trading Commission's acting Chair Caroline Pham is set to join cryptocurrency payments firm MoonPay as its top lawyer following her impending departure from the commission, MoonPay announced Wednesday.

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Ex-Celsius GC To Join Taft From Krevolin & Horst In Atlanta

By Emily Johnson

Taft Stettinius & Hollister LLP announced Wednesday that a lawyer with Krevolin & Horst LLC — who previously served as the first general counsel for the global beverage company Celsius Holdings Inc. — will join its Atlanta office as the firm is set to complete its merger with Morris Manning & Martin LLP on Dec. 31.

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How CFTC Enforcement Shifted In 2025 And What's Next

The U.S. Commodity Futures Trading Commission pivoted sharply under acting Chairman Caroline Pham in 2025, resulting in a pared-back enforcement docket, sweeping policy changes intended to provide greater transparency, and a renewed focus on fraud prevention and maintaining market integrity for the CFTC's core markets, say attorneys at Moore & Van Allen.

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How Cos. Can Roll With NY's New Algorithmic Pricing Rules

Despite uncertainty from New York’s new ban on artificial intelligence and computer algorithms for setting rents, and efforts to further restrict individualizing prices based on consumers' personal data, property managers, software providers and merchants can take several steps to stay compliant, say attorneys at Foley & Lardner.

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Series

Law School's Missed Lessons: Practical Problem Solving

Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.

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$3.6B Hogan Lovells, Cadwalader Deal To Form Top 5 Firm

By Kevin Penton

Hogan Lovells and Cadwalader Wickersham & Taft are planning to combine, creating what the firms say will be the world's fifth-largest firm by revenue, they announced Thursday.

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Fake Quotes In Pa. Patent Case Lead To Judicial Rebuke

By James Boyle

Two Barley Snyder attorneys have been directed to explain to a Pennsylvania federal judge how nonexistent quotes from cited cases appeared in a July filing, according to a recently published order that also denied a holiday light clip manufacturer's request for a temporary restraining order preventing a rival company from selling a similar product.

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Calif. AG, Bar Officials Fight Bid To Stop ABS Fee-Sharing Ban

By James Mills

Both the California attorney general and the California State Bar are opposing a California attorney's attempt to block a new law preventing fee-sharing with out-of-state law firms owned by nonlawyers set to go into effect on Jan. 1.

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Boies Schiller Must Face Fla. Fee Suit, Court Told

By Lynn LaRowe

In pushing back on a bid to toss a Florida state court lawsuit against Boies Schiller Flexner LLP and related defendants, a pharmaceutical mass tort law firm and other parties said the lawsuit outlines a clear breach of a nondisclosure agreement and interference with existing business relationships, making the complaint legally sufficient under Sunshine State law.

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Dems Offer Bill To Shine Light On High Court 'Shadow Docket'

By Ryan Boysen

Democratic lawmakers have introduced a bill that would require the U.S. Supreme Court to explain its "shadow docket" rulings, criticizing the high court for issuing "harmful, backwards decisions" that "impact millions of Americans' lives" but are often unaccompanied by a formal opinion.

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DC Circ. Told Transferred Ethics Suit Bolsters Newman's Case

By Adam Lidgett

Suspended Federal Circuit Judge Pauline Newman is contending that a decision in which an ethics complaint against a Fourth Circuit judge was transferred out of his home court bolsters her argument that her fellow circuit judges shouldn't have investigated her fitness to remain on the bench.

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Trump's Picks To Lead FDIC, CFTC Win Senate Approval

By Jon Hill

The U.S. Senate on Thursday signed off on two more of President Donald Trump's picks for top financial regulator jobs, confirming Travis Hill and Michael Selig as chairs of the Federal Deposit Insurance Corp. and Commodity Futures Trading Commission, respectively.

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Senate Package Includes US Attorney, DC Judge Confirmations

By Courtney Bublé

The Senate confirmed 13 U.S. attorneys and three local judges for the District of Columbia as part of a nominations package confirmed 53-43 along party lines on Thursday.

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Chancery Sr. Magistrate Leaving Bench For Role As Neutral

By Rose Krebs

Delaware's Chancery Court will soon be losing its senior magistrate, as she is returning to private practice to serve as a professional neutral.

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