Top Stories

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  BofA Unit Fined $24M In Treasuries Spoofing Case

  By Sarah Jarvis

  Bank of America's securities unit will pay the Financial Industry Regulatory Authority $24 million after two for...(read more)

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  Justice Thomas Eyes Public Rights Rule In SEC Courts Case

  By Katie Buehler

  U.S. Supreme Court Justice Clarence Thomas on Wednesday focused his characteristically few questions during oral...(read more)

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• Ex-Knicks Star Oakley Says Investment Adviser Stole $1M

  By Katryna Perera

  Former New York Knicks basketball player Charles Oakley has sued his financial adviser and two of the adviser's companies for allegedly defrauding him of approximately $1 million that was supposed to fund motion picture and real estate projects.

• Stockholders Tell Del. Chancellor $69B Activision Deal Void

  By Jeff Montgomery

  Attorneys for Activision Blizzard shareholders told Delaware's chancellor Thursday that the company's now-closed, $68.7 billion sale to Microsoft should be deemed void by the court, based on multiple board and company breaches of merger-and-acquisition mandates for state-chartered corporations.

• 1st Black Woman Appointed To Minn. Federal Court To Retire

  By Courtney Buble

  Judge Wilhelmina Wright, the first Black woman to be appointed to the federal court in Minnesota, will retire next year, the court announced Thursday.

• EPA Proposes Removing All Lead Pipes In Next Decade

  By Madeline Lyskawa

  The U.S. Environmental Protection Agency released a proposal Thursday aimed at replacing all lead pipes throughout the country within the next 10 years to protect the public from the significant, and irreversible, health effects tied to exposure to lead in drinking water.

• Citi Owed $183M In Tax Breaks From '80s, Claims Court Says

  By Kat Lucero

  Citigroup is entitled to nearly $183 million in tax deductions in a dispute over its predecessor's accounting of excess liabilities that belonged to a failing bank acquired during the 1980s savings and loan crisis, the U.S. Court of Federal Claims said.

• Hey Google, What's Next?

  By Bryan Koenig and Matthew Perlman

  The fate of Google's largest source of revenue remains months, and probably years, away from resolution after 10 weeks of trial on the government's antitrust allegations targeting the contracts that make Google the default search engine on the devices and browsers used by most Americans.

• Meta Attacks FTC Court Amid Spat Over Child Data Settlement

  By Bryan Koenig

  Meta Platforms Inc. went on the offensive against the Federal Trade Commission after a D.C. federal judge refused to block additional mandates on the company under a $5 billion privacy settlement, in the most direct challenge to the FTC's constitutionality since it dropped a high-profile merger case.

• CFPB's Chopra Warns AI Could Spark Flash Crash, Bank Runs

  By Jon Hill

  Consumer Financial Protection Bureau Director Rohit Chopra told senators on Thursday that so-called artificial intelligence could turn market "tremors into earthquakes" and may warrant action from the Financial Stability Oversight Council, a systemic risk watchdog on which he serves.

• Flurry Of Law Firms Match Cravath's Bonus, 2024 Pay Scales

  By Kevin Penton

  Davis Polk & Wardwell LLP, Cleary Gottlieb Steen & Hamilton LLP and Fried Frank Harris Shriver & Jacobson LLP are among the latest firms that have matched what is gearing up to be a prevailing scale of year-end bonuses and 2024 salaries for associates, according to memorandums reviewed Thursday by Law360 Pulse.

• Senate Dems Vote To Authorize Subpoenas For Crow And Leo

  By Courtney Buble

  After weeks of delay, the Senate Judiciary Committee Democrats voted on Thursday to authorize subpoenas for influential conservatives Harlan Crow and Leonard Leo as part of their U.S. Supreme Court ethics probe, but Republicans questioned the validity of the vote.

• Chilean Power Co. Hits Ch. 11 In New York With $409M In Debt

  By Alex Wittenberg

  Chilean power company Inversiones Latin America Power Ltda. filed for Chapter 11 protection in New York bankruptcy court Thursday with a plan to restructure roughly $409 million in funded debt.

• NY Appeals Court Reinstates Trump Gag Orders

  By Stewart Bishop

  A midlevel New York appeals court on Thursday reinstated gag orders issued by the judge overseeing the civil fraud trial of Donald Trump and others, which prohibit the former president from speaking publicly about the judge's court staff.