Analysis

Circle's Smash IPO Could Pave Way For More Crypto Listings

By Tom Zanki

Stablecoin issuer Circle's explosive debut will likely stimulate more crypto listings and possibly jolt the broader pipeline of initial public offerings, capital markets attorneys say.

Read full article » | Save to favorites »

Gemini Confidentially Files For IPO Amid Crypto Listings Buzz

By Tom Zanki

Crypto exchange Gemini Space Station Inc. said Friday it confidentially filed for an initial public offering, marking a first step toward going public amid growing enthusiasm for crypto-related listings following stablecoin issuer Circle Internet Group Inc.'s blockbuster IPO.

Read full article » | Save to favorites »

Fed's Bowman Calls For Oversight Built On 'Pragmatism'

By Jon Hill

Federal Reserve Vice Chair for Supervision Michelle Bowman on Friday previewed a sweeping industry-friendly agenda to ease burdens on smaller lenders, overhaul supervisory ratings and reevaluate capital rules as the central bank's new top regulator, drawing immediate praise from banking industry groups.

1 document attached | Read full article » | Save to favorites »

Fox Stockholders Press For Election Suit Docs In Chancery

By Jeff Montgomery

Attorneys for Fox Corp. shareholders are accusing the company of unjustifiably withholding documents sought in Delaware's Court of Chancery related to a derivative suit over the alleged defamation of vote tabulation companies in the midst of the 2020 election.

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

Brief

Justices Skip Investment Adviser's Appeal Of $32M SEC Win

By Jessica Corso

The U.S. Supreme Court on Friday declined to hear a lawsuit challenging the U.S. Securities and Exchange Commission's disgorgement powers, turning away an appeal brought by an investment adviser who was ordered to pay $32 million after a lower court found that he and his firm defrauded clients.

Read full article » | Save to favorites »

Senate Banking Bill Would Zero Out CFPB's Fed Funding

By Jon Hill

U.S. Senate Banking Committee Republicans called Friday for eliminating the Consumer Financial Protection Bureau's Federal Reserve funding as part of their proposal package for the "One Big Beautiful" budget bill, a move that could effectively restructure the agency.

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

Dems Urge FHFA To Halt Trump's Fannie, Freddie Plans

By Isaac Monterose

A group of 13 Democratic U.S. senators, along with Sen. Bernie Sanders, urged the Federal Housing Finance Agency to put on hold efforts from President Donald Trump to end government conservatorship for Fannie Mae and Freddie Mac, stating in a letter that reprivatizing the entities "could dramatically increase costs for families seeking to purchase a home."

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

Crypto Groups Want Protections For Developers In House Bill

By Aislinn Keely

A coalition of crypto industry groups urged lawmakers and courts to shield developers from certain legal liabilities if their creations do not take hold of customer funds, including by enshrining protections in a proposal to regulate crypto markets that lawmakers continue to debate.

Read full article » | Save to favorites »

Judge Signs Off On SEC Dismissal Of Crypto Promoter Suit

By Aislinn Keely

A Texas federal judge signed off on the end of the U.S. Securities and Exchange Commission's case against crypto promoter Ian Balina, resolving the dispute over Balina's promotion of so-called SPRK tokens amid the agency's policy pivot on digital assets.

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

Brief

Strategy Raises Nearly $1B In Preferred Stock To Buy Bitcoin

By Tom Zanki

Michael Saylor's Strategy Inc. said Friday it priced an estimated $1 billion initial public offering of preferred stock to bolster its growing stockpile of bitcoin, in a deal represented by Latham & Watkins LLP and placement agents' counsel Davis Polk & Wardwell LLP.

Read full article » | Save to favorites »

Feds Seek 15 Months For Russian Crypto Market Manipulator

By Sydney Price

A Russian national who pled guilty to manipulating crypto markets through his market-making service says the time he has already served is sufficient punishment, but the government is seeking 15 months in addition to his company's $23 million forfeiture.

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

Crypto Holding Co. Can Pursue Counterclaim Against Ex-Exec.

By Craig Clough

A Puerto Rico-based crypto holding company can pursue a counterclaim against its former president who alleged the company's CEO fraudulently recruited him to the venture and then fired him, a Delaware vice chancellor ruled Friday, finding legal expenses the company incurred are recoverable.

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

Masimo Fights Ex-CEO's Bid To Ax Suit Over $450M Demand

By Bonnie Eslinger

Masimo Corp. fought back against founder Joe Kiani's motion to dismiss the company's Delaware Chancery Court suit seeking a declaration that he's not due a $450 million payout after his ouster as CEO, arguing that bid is an "improper attempt to evade" the Delaware court's jurisdiction.

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

Chancery Pauses Meta Privacy Suit For EU, Ireland Actions

By Jeff Montgomery

A Delaware court on Friday paused a pension fund stockholder suit seeking documents on data privacy violations made by Meta Platforms Inc. that led to a €1.2 billion ($1.4 billion) fine from European authorities.

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

Execs Hid Jewelry Co. Accounting Issues, Suit Says

By Sarah Jarvis

Executives of Compass Diversified Holdings have been hit with a derivative shareholder suit in a California federal court for allegedly making misleading statements about the investment firm's financial condition, stemming from accounting irregularities at a jewelry company the firm acquired.

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

Argentina Tells DC Circ. $391M Award OK Must Be Nixed

By Joyce Hanson

Argentina has asked the D.C. Circuit to overturn a lower court decision ordering it to pay a $391 million arbitral award issued following a 15-year-old dispute over the renationalization of the country's state-owned airline.

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

Ex-SDNY Prosecutor Exits Paul Weiss For Jenner & Block

By Alison Knezevich

Just months after rejoining Paul Weiss Rifkind Wharton & Garrison LLP, the former U.S. attorney for the Southern District of New York is leaving the firm to join Jenner & Block LLP.

Read full article » | Save to favorites »

Mayer Brown Adds Partner To NY Corporate, Securities Team

By Jade Martinez-Pogue

Aideen Brennan, a former mergers and acquisitions and private equity senior managing associate at Sidley Austin, has joined Mayer Brown's global corporate and securities practice as a partner in New York.

Read full article » | Save to favorites »

Buchalter Lands Duane Morris Securities Litigator In SF

By James Mills

Buchalter PC is expanding its litigation team, bringing in a Duane Morris LLP securities litigation ace as a shareholder in its San Francisco office.

Read full article » | Save to favorites »

Unicoin Case Reveals SEC's Evolving Enforcement Posture

The U.S. Securities and Exchange Commission's recent fraud allegations against cryptocurrency company Unicoin send a clear message that while the Trump administration supports digital asset development, it will act decisively against deception, inflated valuations and false assurances, says David Zaslowsky at Baker McKenzie.

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

How Attorneys Can Become Change Agents For Racial Equity

As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.

Read full article » | Save to favorites »

Operating Via Bank Charter Offers Perks Amid Industry Shift

As bank regulators become more receptive to streamlining barriers that have historically stood in the way of de novo bank formation, and as fintechs show more interest in chartering, attorneys at Goodwin outline the types of charters available and their benefits.

Read full article » | Save to favorites »

What FCA Liability Looks Like In The Cybersecurity Realm

​Two recent settlements highlight how whistleblowers and the U.S. Department of Justice have been utilizing the False Claims Act to allege fraud predicated on violations of cybersecurity standards — timely lessons given new bipartisan legislation introducing potential FCA liability for artificial intelligence use, say​ attorneys Rachel Rose and Julie Bracker.

Read full article » | Save to favorites »

Legal Sector Jobs Ticked Up In May Amid Uncertain Economy

By Alison Knezevich

The U.S. legal industry added 1,100 jobs in May, holding steady in the midst of economic uncertainty, according to preliminary data released Friday by the U.S. Bureau of Labor Statistics.

Read full article » | Save to favorites »

High Court Says Software Glitch Led To Early Order List Drop

By Hailey Konnath

An "apparent software malfunction" caused the U.S. Supreme Court's order list to be issued early Friday, orders in which the justices granted certiorari in four cases and refused to take up a long list of other ones, including cases centered on Pennsylvania's election system and the Obama Presidential Center.

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

Split DC Circ. Reinstates AP's White House Press Pool Ban

By Dorothy Atkins

A split D.C. Circuit panel reinstated the White House's decision to ban the Associated Press from the press pool covering the Oval Office, Air Force One and Mar-a-Lago on Friday, while a dissenting judge criticized her colleagues' rationale as being nonsensical and upending longstanding First Amendment precedent and generations of tradition.

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

Atty Gets Prison For Conn. Law Firm Parking Lot Shooting

By Aaron Keller

A onetime Cramer & Anderson LLP partner was sentenced Friday to a seven-year prison term after being convicted of first-degree manslaughter for fatally shooting an attacker in the parking lot of his rural Litchfield, Connecticut, law firm, although his incarceration will be suspended after 2½ years.

Read full article » | Save to favorites »

Brief

Fox Rothschild Settles Suit Over $3M Real Estate Deal

By Ryan Harroff

Fox Rothschild LLP has settled a Colorado real estate investor's legal malpractice lawsuit over a $3 million development deal that went wrong, according to a new order filed in state court directing the parties to file for dismissal within a month.

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

Calif. Bar Hires Investigator To Review Exam Snafu

By Emily Sawicki

The State Bar of California's board of trustees voted to approve a $185,000 contract with a nonprofit to review "exam scoring irregularities and testing accommodations" from its fraught February 2025 bar exam.

Read full article » | Save to favorites »

Flaws Remain In Bar Fitness Queries, Summit Panelists Say

By Aebra Coe

Many current state bar character and fitness tests fail to identify bad actors, and at the same time, certain aspects of the queries can hurt efforts to increase diversity in the profession, according to panelists at the American Bar Association's 2025 Virtual Equity Summit on Friday.

Read full article » | Save to favorites »

Seeger Weiss Aims To Protect Bench With Duke Law Donation

By Madison Arnold

New Jersey-based Seeger Weiss LLP is seeking to help protect judges with a $500,000 donation to an institute at Duke Law School that is named in honor of the murdered son of a federal judge in the Garden State.

Read full article » | Save to favorites »

GC Cheat Sheet: The Hottest Corporate News Of The Week

By Michele Gorman

In corporate legal news from the past week,​ in-house lawyers' use of alternative legal service providers remains low, and the top Justice Department merger official said that the Trump administration welcomes "fix-it-first proposals," where merging companies arrange to sell off overlapping business lines.

Read full article » | Save to favorites »

Law360's Legal Lions Of The Week

By Kevin Penton

The University of Virginia School of Law Supreme Court Litigation Clinic and attorney Edward Gilbert lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court vacated the Sixth Circuit's ruling that plaintiffs claiming anti-heterosexual workplace discrimination need to provide extra "background circumstances" evidence.

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 »

Titan Of The Plaintiffs Bar: Lieff Cabraser's Michael Sobol

By Kevin Penton

Michael Sobol has won significant settlements recently, including a $115 million deal over Oracle's allegedly unlawful sale of internet users' electronic profiles and a $62 million deal with Google over allegations it illegally stored and tracked the private location information of smartphone users, earning him a place among Law360's 2025 Titans of the Plaintiffs Bar.

Read full article » | Save to favorites »