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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Surveys, Awards & More: Law360's 2026 Editorial Calendar

Law360 publishes several award series throughout the year, including ones that highlight top-performing attorneys and practice groups. Here, find all you need to know about our awards and surveys, including due dates, FAQs, and the questions we'll ask so you can prepare ahead of time.

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Bonus Spotlight

Bonus News: Glenn Agre, Bursor & Fisher Reveal 2025 Levels

By Andrea Keckley

Glenn Agre Bergman & Fuentes LLP told its associates in a memo last week that it would be issuing year-end bonuses ranging from $15,000 to $115,000 and special bonuses ranging from $6,000 to $25,000 based on seniority, with the chance to receive premiums above the year-end bonuses based on "​​extraordinary dedication and/or performance."

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Jackson Walker Wants Settlements Heard Before Romance Trial

By Adrian Cruz

Following a Texas federal judge's decision to hold off on reviewing malpractice settlements with former bankruptcy clients, Jackson Walker LLP asked the court to reconsider, as the pending motions could save parties time and money.

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Analysis

Circuit-By-Circuit Guide To 2025's Most Memorable Moments

By Jeff Overley

Federal circuit courts in 2025 strained under a crush of Trump administration lawsuits, as judges directed animated language at litigants and even their fellow judges. And while the president only added a handful of appellate jurists, they had outsize impacts on circuit benches as they joined the cadre of conservatives seated in his first term.

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Sterne Kessler Draws Scolding, But No Sanctions Midtrial

By Elliot Weld

A Delaware federal judge said Wednesday she wasn't happy with the tone used by attorneys defending a radiopharmaceutical company from patent infringement claims and that she does not condone the attorneys' conduct in improperly contacting three inventors named in a patent at issue, but she declined to issue the severe sanction of kicking them off the case.

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After Questioning Judge Nominee, Sen. Kennedy Wants More

By Courtney Bublé

Sen. John Kennedy, R-La., on Wednesday pressed a judicial nominee for Indiana on statements he's made as an ordained elder on sexuality and marriage.

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Judge's Contact With 'Tiger King' Ex-Atty Won't Disqualify Him

By Ivan Moreno

A Tenth Circuit judge on a panel reviewing a copyright infringement claim against Netflix over a video clip included in its "Tiger King" docuseries can stay on the case after inadvertently contacting a former attorney for the plaintiffs, the parties told the appellate court in separate letters.

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Pentagon Must Justify JAG Firings Under New NDAA

By Courtney Bublé

Under the annual defense policy bill that was sent to the president's desk on Wednesday, the Pentagon will have to explain its firings of military lawyers — a provision that comes after the Trump administration controversially dismissed its top military lawyers at the beginning of the year.

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Feature

The Spiciest Quotes From Massachusetts Courts In 2025

By Chris Villani

Massachusetts courts were replete with high-stakes cases throughout the year, with memorable lines from lawyers and judges alike, including jabs, thoughtful reflections and one defendant "blinded by love."

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