FTX Bahamas, Celsius Settle Clawback Claims

By Rick Archer

Crypto exchange FTX's Bahamas unit and crypto lender Celsius Network have reached a deal to end Celsius' attempt to claw back $516.6 million transferred out of Celsius accounts just prior to its Chapter 11 filing.

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NY AG Urges Lawmakers To Strengthen Stablecoin Legislation

By Aislinn Keely

New York's Attorney General Letitia James is calling on U.S. lawmakers to strengthen pending bills to regulate so-called stablecoins in a letter made public Tuesday that argued neither the House nor the Senate's proposals contain the necessary guardrails to protect consumers.

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Judge Advances Shaq And FTX Investors' $1.8M Deal

By Aislinn Keely

A $1.8 million settlement between FTX investors and former NBA star Shaquille O'Neal has received preliminary sign-off from a Florida federal judge in a step toward confirming the deal that would resolve claims that the retired NBA star misled FTX investors with his alleged promotion of the now-collapsed cryptocurrency exchange.

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Analysis

Justices Face Busy Summer After Nixing Universal Injunctions

By Katie Buehler

The U.S. Supreme Court's decision to limit nationwide injunctions was one of its biggest rulings of the term — a finding the court is likely going to be dealing with all summer. Here, Law360 takes a look at the decision, how it and other cases on the emergency docket overshadowed much of the court's other work, and what it all means for the months to come.

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Analysis

The Sharpest Dissents From The Supreme Court Term

By Cara Bayles

The term's sharpest dissents often looked beyond perceived flaws in majority reasoning to raise existential concerns about the role and future of the court, with the justices accusing one another of rewarding executive branch lawlessness, harming faith in the judiciary and threatening democracy, sometimes on an emergency basis with little briefing or explanation.

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Banking Groups Call For Indexing Of Regulatory Thresholds

By Aislinn Keely

The American Bankers Association and its state counterparts are urging federal regulators to prioritize updating thresholds that trigger heightened supervisory obligations to account for inflation and the growth of the banking sector, arguing that the current standards unintentionally subject some institutions to burdensome requirements.

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Crypto Developer Fights To Keep Money Transmitter Suit Alive

By Sydney Price

A crypto crowdfunding software developer has said in federal court that the U.S. Department of Justice should face a lawsuit that seeks to protect software firms from enforcement action, arguing that previous actions taken by the department jeopardize the future of his forthcoming crypto venture.

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Banking Veteran's Latest SPAC Leads 3 IPOs Raising $420M

By Tom Zanki

Banking executive Betsy Cohen's latest special purpose acquisition company began trading Tuesday after raising $220 million, in the largest of three initial public offerings totaling $420 million to join a resurgent SPAC market.

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Series

Law School's Missed Lessons: Communicating With Clients

Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

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Supreme Court Taps Latham Atty In Campaign Spending Case

By Carolyn Muyskens

The U.S. Supreme Court has turned to Latham & Watkins LLP's Roman Martinez to defend caps on coordinated campaign spending as amicus counsel in a case on tap for next term.

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Senate Passes Budget Bill, Rebuking National Injunctions

By Courtney Bublé

The Senate voted 51-50 on Tuesday to pass the budget reconciliation bill, including various provisions that seek to greatly restrict the use of nationwide injunctions, which Republicans heavily criticized after district courts repeatedly stalled parts of President Donald Trump's agenda with the legal maneuver.

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Axing Lit Funding Tax Bid Relieves Industry But Fears Remain

By Ryan Boysen

Litigation funders are breathing a sigh of relief after a provision to impose a 41% punitive tax on the $16 billion industry was stripped Tuesday from the massive federal spending bill, but many think the episode is just the prelude to further battles with corporate opponents.

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US Attorney Picks Include Alina Habba And Senator's Son

By Courtney Bublé

The president sent 14 U.S. attorney nominations to the Senate on Tuesday, including Alina Habba, the president's former counselor and personal attorney, for the District of New Jersey and Arch Moore Capito, the son of Sen. Shelley Moore Capito, R-W. Va., for the Southern District of West Virginia.

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Legal Aid Attys Can't Sever Union Ties Over Its Mideast Views

By Emily Brill

A New York federal judge tossed two New York City public defenders' lawsuit against their union, saying the attorneys can't leverage the U.S. Supreme Court's Janus ruling to stop paying the union because they disagree with its stance on the Israeli-Palestinian conflict.

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Yale Law's 1st Woman Dean To Leave Post 2 Years Early

By Hailey Konnath

Yale Law School Dean Heather Gerken, the first woman named to the position, is leaving Yale to lead the Ford Foundation two years before her term was set to expire, according to a recent announcement.

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Apple Backers Raise Price, Privilege Concerns At 9th Circ.

By Bryan Koenig

Trade groups and advocacy organizations have raised a series of concerns with the Ninth Circuit about a federal district court mandate blocking Apple from charging commissions on iPhone app purchases made outside its systems, arguing an Epic Games Inc. injunction redux improperly compels speech, imperils price-setting autonomy and threatens legal privilege.

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Analysis

Top Personal Injury, Med Mal News: 2025 Midyear Report

By Y. Peter Kang

A U.S. Supreme Court ruling over whether personal injury claims can be brought under a RICO statute and a $7.4 billion settlement reached with the Sackler family and Purdue Pharma are among Law360's top personal injury and medical malpractice cases from the first six months of 2025.

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Monthly Merger Review Snapshot

By Matthew Perlman

The U.S. Department of Justice reached the agency's first three merger settlements of the second Trump administration, clearing deals in the technology and aerospace sectors after divestitures, while the Federal Trade Commission put conditions on an advertising merger. Here, Law360 looks at the major merger review developments from June.

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The Top In-House Hires Of June

By Michele Gorman

Legal department hires over the past month included high-profile appointments at Microsoft, Guess and U.S. Steel. Here, Law360 Pulse looks at some of the top in-house announcements from June.

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