极速赛车

SEC's Atkins Launches 'Project Crypto' To Overhaul Policy

By Aislinn Keely

U.S. Securities and Exchange Commission Chairman Paul Atkins said Thursday that he's mobilized staff across the agency to craft rules and exemptions for digital assets, a plan aimed at bringing the crypto industry back onshore with a recent set of White House recommendations serving as the "blueprint."

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2nd Circ. Vacates OpenSea Crypto Insider Trading Conviction

By Aislinn Keely

The Second Circuit on Thursday overturned the fraud conviction of a former OpenSea manager accused of insider trading on nonfungible token sales on his employer's platform, finding that a Manhattan jury may have convicted him "based on conduct that it found to be unethical rather than fraudulent."

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Walnut Co. Says Firm Misled Court To Lead Super Micro Case

By Gina Kim

A Hagens Berman client who lost the fight against Universal Investment to lead investor claims against Super Micro Computer has blasted the fund's opposition to its bid for a California federal judge to reconsider the denial, arguing Universal's attorneys from Bernstein Litowitz Berger & Grossmann LLP have a "documented history" of "misleading courts."

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4th Circ. Says Brokers Owe Atty Fees Over Case Removal Row

By Katryna Perera

A unanimous Fourth Circuit panel has affirmed a South Carolina federal judge's order requiring several financial firms to pay more than $63,000 in legal fees for improperly trying to remove a securities class action to federal court for a second time, but said they don't have to pay additional fees to cover the cost of the appeal.

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Compass Minerals Investors Get Final OK For $48M Deal

By Sydney Price

A Kansas federal judge on Thursday granted final approval to a $48 million settlement between salt producer Compass Minerals International and investors who claim they were harmed by the company's failure to maintain sufficient production levels at its Canadian mine.

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Zoom Investor Gets Final OK For Derivative Suit Settlement

By Katryna Perera

A Delaware federal judge granted final approval on Thursday to a settlement reached in a shareholder derivative suit accusing the top brass of Zoom of pulling in $172.9 million via insider sales after its 2019 initial public offering and before shares fell during the early days of the COVID-19 pandemic.

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Rising Star: Winston & Strawn's Kerry Donovan

By Adrian Cruz

Kerry Donovan of Winston & Strawn LLP was a key member of a team representing Macquarie Infrastructure Corp. and former executives at the U.S. Supreme Court that ultimately secured a 9-0 victory in a stock-drop class action, earning her a spot among the securities law practitioners under age 40 honored by 极速赛车 as Rising Stars.

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Dems Press OCC Head On Regulating Trump's Crypto Biz

By Sarah Jarvis

Top Senate Democrats on banking and financial committees urged the Comptroller of the Currency Thursday to detail how he will address the potential for interference by President Trump now that the agency is charged with regulating stablecoins like the one the president's family has launched.

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Capital One Says It Is Disputing FDIC Underpayment Claim

By Jon Hill

Capital One told investors on Thursday that the Federal Deposit Insurance Corp. is trying to make it pay a greater share of cleanup costs from the 2023 regional banking crisis after taking issue with its call reporting, an effort the bank said it is pushing back on.  

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DraftKings' $10M Deal With NFT Buyers Gets Final Green Light

By Emilie Ruscoe

Sports betting giant DraftKings Inc. and purchasers of certain nonfungible tokens it offered have gotten a judge's final sign-off for their $10 million deal ending claims the tokens ran afoul of securities laws.

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Crypto Co., NBA Arm Strike $7M Deal Over NFT Privacy Claims

By Katryna Perera

Users of the nonfungible token marketplace known as NBA Top Shot asked a California federal judge Thursday to grant the first green light to a $7.05 million settlement they reached with the marketing arm of the NBA and a cryptocurrency company that will resolve a class action over privacy concerns related to the marketplace.

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Ill. Jury Convicts Forex Trader In $230K Fraud Scheme

By Celeste Bott

A Chicago federal jury on Thursday convicted an Illinois man of duping investors with promises to deliver considerable profits by trading their money on the foreign exchange market, when he really spent most of their investments on himself and was barred from trading securities in the state.

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Del. Court OKs Investor Check Of Trade Desk Charter Move

By Jeff Montgomery

A Delaware magistrate in Chancery issued a split decision Thursday on document demands by a stockholder of The Trade Desk Inc. who sought, in part, details on the company's conversion into a Nevada chartered business, allegedly in order to preserve a billionaire co-founder's control.

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PE Firm Risking Contempt, Receiver In Del. Over Legal Bills

By Jeff Montgomery

Noting that unpaid legal bills might already support a contempt or limited receivership order against private equity 777 Partners, a Delaware magistrate in Chancery gave the company and its counsel a Monday deadline to report still-accumulating fee advancement debts.

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Biotech Co. Beats Investor Suit Over Antifungal Drug Recall

By Sydney Price

Biotechnology company Scynexis Inc. has won dismissal, for now, of a proposed investor class action alleging that it triggered a 34% share decline by knowingly misleading investors about manufacturing compliance issues that led to a drug recall, with the court finding the allegations the company should have known and disclosed issues only show "fraud by hindsight."

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Impending Quality Control Standards Pose Risks For Auditors

Public accounting firms will need to comply with new standards aimed at strengthening their quality control systems by the end of this year, a significant challenge sure to increase costs, individual liability and regulatory scrutiny, say Kelly Bossard at FTI Consulting and Mike Plotnick at King & Spalding.

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Series

Playing Soccer Makes Me A Better Lawyer

Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.

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Supersized Class Of 2024 Exceeds Job, Salary Predictions

By Tracey Read

The class of 2024 was the largest graduating law school class in nearly a decade, but it defied industry expectations by breaking records in overall employment rate, employment in jobs that require or anticipate bar passage, and median salaries, according to data released Thursday.

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3 DOJ Attys Face Bar Complaints Over CFPB Representation

By Hailey Konnath

A legal watchdog group Thursday lodged bar complaints against a trio of U.S. Department of Justice lawyers, accusing them of making misleading and false statements in court filings while defending the Trump administration in litigation over its attempt to dismantle the Consumer Financial Protection Bureau.

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Judges Speak Out On Rising Threats Amid Safety Concerns

By Courtney Bubl茅

Federal judges who have been at the center of some of the most high-profile litigation of the second Trump administration spoke publicly Thursday about threats they've faced after their rulings.

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ABA Seeks To Toss Race Bias Suit Over Scholarship Program

By Madison Arnold

The American Bar Association urged an Illinois federal court to throw out a lawsuit from The American Alliance for Equal Rights alleging the association's Legal Opportunity Scholarship Fund constitutes race-based discrimination, arguing that the claims are simply a "'desire to vindicate' a particular 'view of the law.'"

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Fed. Circ. Judges Cast Doubts On Trump Tariff Powers

By Dylan Moroses

Several Federal Circuit judges raised concerns about whether President Donald Trump's tariffs imposed under the International Emergency Economic Powers Act override constitutional and congressional authority during oral arguments Thursday in their questions to better understand the extent of the appeals court's review.

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GOP Bill Would Give President More Power Over US Atty Picks

By Courtney Bubl茅

The Trump administration has used maneuvers to keep interim U.S. attorneys in place beyond their statutory time limit, which detractors say subverts the Senate's advice and consent role. A bill that two Republican senators introduced on Thursday would shift more power over the process to the president.

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Wis. Judge Pushes For Immunity In ICE Arrest Case

By Emily Sawicki

A Wisconsin state judge is pushing for the dismissal of criminal charges alleging she hindered an immigration enforcement arrest, reiterating her argument that she has immunity against what she called the "overreaching federal prosecution of a state court judge for acts within her official duties."

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Baldwin Eyes Deal Over Failed 'Rust' Trial With Suit Dormant

By Phillip Bantz

Alec Baldwin's lawsuit in New Mexico state court against prosecutors and others involved in his botched involuntary manslaughter case in the "Rust" film shooting has been temporarily thrown out, but the actor-producer's attorneys said Thursday that they've been in settlement discussions and will move to reinstate the suit if the talks fail.

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MSG Makes Play For $1.5M Fees In Oakley Dispute

By Alex Lawson

Madison Square Garden is seeking $1.5 million in attorney fees from former New York Knicks player Charles Oakley, laying out the efforts it took to uncover Oakley's efforts to destroy text messages connected with his long-running assault and battery suit against the arena.

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