SEC Proposes Restoring Funds' Ability To Cross-Trade Bonds

By Jessica Corso

The U.S. Securities and Exchange Commission put forth a proposal on Friday to make it easier for mutual and other registered funds under the same manager to trade with one another, while promising to update the oversight rules for fund managers participating in such cross-trades.

Proposed Rule attached | Read full article » | Save to favorites »

CFTC Proposes Rules To Codify Prediction Market Authority

By Aislinn Keely

The U.S. Commodity Futures Trading Commission on Friday took steps to codify its authority over sports, politics and culture event contracts, in a move to affirm the agency's view that prediction markets are under its "exclusive jurisdiction" and beyond the reach of states.

2 documents attached | Read full article » | Save to favorites »

Analysis

'A Moral Hazard': Kalshi Drug Trial Bets Spark Ethical Qualms

By Chris Villani

Kalshi Inc. opening prediction markets for clinical drug trials has raised a host of compliance concerns for attorneys, including the risk of insider trading among the wide swaths of stakeholders in the know about the trials, as well as the danger of compromising the trials themselves.

Read full article » | Save to favorites »

Trump Picks Panel To Consider Claims Against Fed's Cook

By Jon Hill

President Donald Trump has established a committee to investigate mortgage fraud allegations against Federal Reserve Gov. Lisa Cook and to determine if they provide sufficient grounds to fire her, according to a memo released Friday by the White House.

Read full article » | Save to favorites »

Warren Presses Fed For Details Of Early SVB Report Access

By Jon Hill

The U.S. Senate Banking Committee's top Democrat is calling on Federal Reserve officials for answers after some outside experts were given an early look at a recent independent report on Silicon Valley Bank's collapse, questioning who authorized the access and how recipients were chosen.

3 documents attached | Read full article » | Save to favorites »

DOJ Aims To 'Attack Fraud From All Angles' Via New Division

By Sarah Jarvis

The U.S. Department of Justice's new fraud division has issued fresh guidance on its prosecution methodology, with the division's head directing prosecutors to seize assets before indictments and pursue upward variances in sentencing guidelines in some cases as part of a stated push to use the division's "full arsenal of criminal statutes" in combating fraud.

Memorandum attached | Read full article » | Save to favorites »

Conn. Says CFTC Rehashing Failed Sports Contract Position

By Ganesh Setty

Connecticut has criticized the Commodity Futures Trading Commission's bid in Connecticut federal court to block the state from regulating prediction market platforms' sports-related offerings, noting the same presiding judge already denied Kalshi's motion seeking such relief.

Brief attached | Read full article » | Save to favorites »

Del. Justices Back ATG In Empery Proxy Fight

By Jarek Rutz

The Delaware Supreme Court has upheld a Chancery Court ruling requiring digital asset company Empery Digital Inc. to allow activist investor ATG Capital Opportunities Fund LP's nine board nominees to stand for election, rejecting the company's challenge less than a week before its annual meeting Oct. 14.

Order attached | Read full article » | Save to favorites »

Symbotic Hid Contractor's Delays From Investors, Suit Says

By Katryna Perera

The top brass of warehouse robotics company Symbotic Inc. has been sued in Delaware Chancery Court by a shareholder who claims they hid problems with a contractor, including project delays and major cost overruns, that later forced the company to restate its financials and caused its share price to drop.

Complaint attached | Read full article » | Save to favorites »

Hertz Settles Investors' Derivative Suit Over EV Fleet Losses

By Elaine Briseño

The investor plaintiffs seeking damages on behalf of Hertz Global have settled with the company, its former CEO and other executives who they accused of breaching their fiduciary duties by releasing misleading statements about the demand for electric vehicles.

Notice attached | Read full article » | Save to favorites »

Alight Seeks To Nix Investors' Deceptive Growth Claims Suit

By Patrick Hoff

Employee benefits and human resources provider Alight urged an Illinois federal court to toss a suit alleging its executives misled investors about the company's ability to hit financial targets, arguing it repeatedly warned about the risks of its strategic overhaul.

Motion attached | Read full article » | Save to favorites »

Where The 3 Prediction Market Appellate Rulings Diverge

Although the recent Third, Sixth and Ninth Circuit opinions concerning prediction markets overlap on some issues, they differ on key statutory questions, deepening a circuit split over both the classification of sports event contracts and the scope of federal preemption, says Levi Giovanetto at Sheppard.

3 documents attached | Read full article » | Save to favorites »

Series

Calif. Banking Brief: All The Notable Legal Updates In Q3

California's financial regulators spent the third quarter of 2026 focusing on consumer protection enforcement at home while resisting federal efforts to displace state oversight — reinforcing the state's intention to shape the compliance landscape for institutions operating within its borders despite federal deregulatory trends, say attorneys at Ropes & Gray.

Read full article » | Save to favorites »

Squire Patton, Holland & Knight Report Data Breaches

By Jake Maher

Squire Patton Boggs LLP and Holland & Knight LLP were hit with cyberattacks exposing sensitive information, according to disclosures filed this week.

Complaint attached | Read full article » | Save to favorites »

Up Next At High Court: Criminal Sentences & Video Privacy

By Katie Buehler

The U.S. Supreme Court will close out its October sitting by hearing oral arguments in two cases that ask what level of deference federal district courts should give to commentary interpreting the federal sentencing guidelines, and what purchases are protected under a video consumer privacy statute.

Read full article » | Save to favorites »

Ill. Judge Lays Out Doc Demands For DOJ Misconduct Probe

By Lauraann Wood

An Illinois federal judge asked the government Friday to turn over six months of communications and certain other records as she investigates in-court inaccuracies Chicago prosecutors offered while prosecuting six anti-immigration protesters, rejecting its request to seal a filing in the process.

2 documents attached | Read full article » | Save to favorites »

Atty With False AI Citation Filings Ordered To Pay $39K

By Bonnie Eslinger

A New York federal judge who imposed case-terminating sanctions on an attorney who submitted filings with false citations generated by artificial intelligence ordered him on Friday to pay nearly $39,000 to lawyers who uncovered the problematic AI use, noting he had given them the "runaround" when they tried to collect directly.

Opinion attached | Read full article » | Save to favorites »

Grassley Attacks Dems' Claims Of Rule-Breaking Over Hearing

By Courtney Bublé

Sen. Chuck Grassley, R-Iowa, chair of the Senate Judiciary Committee, clapped back at Democrats for their accusations that Republicans broke Senate rules during a hearing last week at which former special counsel Jack Smith appeared.

Letter attached | Read full article » | Save to favorites »

Calif. Jurists' Atty Tips: 'Emulate Lincoln,' 'Don't Be Boring'

By Bonnie Eslinger

Three current and former Northern California federal judges and one Morrison Foerster LLP partner during a Federal Bar Association panel discussion Thursday gave attorneys tips on "courtroom persuasion," including knowing the judges, keeping things interesting and, like the nation's 16th president, getting quickly to the winning point.

Read full article » | Save to favorites »

Brief

Legal Services NYC Gets $2.5M To Build Novel Resource Hub

By Tracey Read

Legal Services NYC announced Friday that it has been awarded a $2.5 million grant from the New York State Interest on Lawyer Account Fund to create a first-of-its-kind statewide knowledge-sharing platform to help legal advocates spend more time seeking justice for low-income clients.

Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

The new federal fraud division is threatening faster action and broader targets under a new enforcement policy announced recently. And the SEC warned shareholder advocacy groups that join forces could face legal scrutiny in the future. These are some of the stories in corporate legal news you may have missed in the past week.​

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

Quinn Emanuel Urquhart & Sullivan LLP, Sullivan & Cromwell LLP and Alston & Bird LLP lead this week's edition of Law360 Legal Lions, after the Sixth Circuit overturned a pivotal decision in multidistrict opioid litigation that had dramatically expanded claims against the nation's largest pharmacy benefit managers.

Read full article » | Save to favorites »

Roundup

UK Litigation Roundup: Here's What You Missed In London

By Megan Norcott

The past week in London has seen PrivatBank sue its former oligarch owner, building materials provider Kingspan face a €100 million ($112 million) claim over Grenfell Tower cladding and energy giants VaroPreem and Viaro Energy become embroiled in an intellectual property row.

Read full article » | Save to favorites »

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.

Read full article » | Save to favorites »