Cryptocurrency company BlockFills has filed for Chapter 11 protection in Delaware bankruptcy court with up to $500 million in debt weeks after pausing customer withdrawals amid a selloff in crypto markets.
Cryptocurrency company BlockFills has filed for Chapter 11 protection in Delaware bankruptcy court with up to $500 million in debt weeks after pausing customer withdrawals amid a selloff in crypto markets.
The U.S. Securities and Exchange Commission announced Monday that its enforcement director, Margaret "Meg" Ryan, has resigned from the agency after nearly seven months on the job.
A top U.S. banking regulator is seconding the banking industry's call for the Seventh Circuit to block Illinois' tax and tip swipe-fee ban, arguing a lower-court judge missed the "forest for the trees" in ruling the state-law restrictions are enforceable against banks it oversees.
A group of consumers wants a California federal judge to bar Capital One's proposed $5.15 billion acquisition of fintech company Brex, arguing it violates antitrust laws, after the group's first bid to halt the bank's purchase of Discover Financial Services failed.
Online bill pay platform Doxo fought uphill at a hearing Monday in Washington federal court to beat the Federal Trade Commission's claims it misleads consumers, with the judge noting that Amazon.com Inc. had made some of the same arguments in the FTC's lawsuit targeting its Prime subscription program and lost.
Thirteen states and their attorneys general filed a federal lawsuit against OneMain Financial and its associated companies over its alleged practice of charging customers for "add-ons" to their loans like insurance programs without disclosing the extra interest that comes with them.
An apparel company and its cryptocurrency industry group backer preemptively suing the U.S. Securities and Exchange Commission have dropped their case over digital asset transactions being securities, saying the SEC's recent policy pivot "suggest[s] a change in the commission's position regarding free airdrops."
Cryptocurrency platform Abra said Monday that it will go public through a merger with a special purpose acquisition company in a deal advised by four firms that's based on a $750 million valuation for Abra.
As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.
Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.
As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.
Conservative groups are backing the Trump administration's attempts to revive executive orders targeting BigLaw firms, arguing in an amicus brief to the D.C. Circuit that Perkins Coie LLP had "unclean hands" for its part in what they called the "Russiagate hoax."
A California federal judge sanctioned Winston & Strawn LLP on Monday for making up facts and otherwise misrepresenting the record in contract litigation over its client's app being removed from Apple's platform, then separately dismissed the case on the merits.
U.S. District Judge Charles Breyer scolded Elon Musk's Quinn Emanuel counsel during a hearing Monday ahead of closing arguments in California litigation alleging that Musk tanked Twitter's stock to get out of his $44 billion acquisition deal, saying he wouldn't "sit here and watch lawyers grimace, nod, laugh in court."
A Michigan federal judge ruled Monday that a pro se defendant must pay software-maker Dassault Systemes $1.8 million in fees for willfully infringing its software copyrights to train design students, while commending the pro se litigant's professionalism during 15 years of litigation for rivaling and exceeding many licensed attorneys.
The American Arbitration Association caused a stir last fall when it introduced its AI Arbitrator for documents-only construction cases, and even though lawyers say they're excited about the tool's possibilities — and that of artificial intelligence in arbitration in general — so far, many have been reluctant to be the first to take that plunge.
Lawyers, law professors and retired judges led by two nonprofits urged the New York state courts' ethics committee on Monday to investigate Boris Epshteyn's involvement in President Donald Trump's efforts to "intimidate and coerce" BigLaw firms into pro bono agreements with the administration.
President Donald Trump will get another judicial vacancy to fill in North Carolina with U.S. District Judge William L. Osteen Jr. of the Middle District of North Carolina recently announcing he will take senior status.
A former Lewis Brisbois Bisgaard & Smith LLP paralegal has told a Florida state judge that the firm shouldn't be able to force her into arbitrating her claims against it because a number of the alleged actions took place after she was terminated from her job.
Democrats have referred the departing U.S. secretary of homeland security, Kristi Noem, to the Department of Justice for a perjury investigation following her recent congressional testimony.
Massachusetts' highest court on Monday declined a request to let state judges offer higher hourly rates to induce attorneys to accept court-appointed cases, a proposal meant to alleviate a shortage of appointed counsel in two of the state's busiest counties.
The Georgia Court of Appeals said Monday that nonattorneys can't be allowed to represent unincorporated associations in court, backing a trial court's dismissal of a minister's bid to represent his church in a property tax dispute with his home county.
The Delaware Chancery Court's docket last week featured disputes including an $83.75 million settlement tied to a renewable energy merger, fraud claims in a fertilizer company acquisition and a developer's fight for control of a major Philadelphia redevelopment project.
