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DeFi Treasury Co. Faces Investors' Crypto Competition Suit

By Aislinn Keely

An investment firm is bringing a proposed securities class action accusing DeFi Technologies Inc. of misleading them and others about the extent of competition the crypto treasury company faced and other factors that allegedly negatively impacted its stock price.

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Three Arrows Boosts $1.5B FTX Claim Tied To Crypto Winter

By Alex Wittenberg

The liquidators of defunct crypto hedge fund Three Arrows Capital defended their $1.53 billion claim against FTX months after the failed exchange called it "baseless," telling a Delaware bankruptcy judge that its assets at FTX were sold just weeks before its collapse in what amounts to "classic preference."

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'Robo-Adviser' Wealthfront Targets Estimated $450M IPO

By Jade Martinez-Pogue

Digital wealth management firm Wealthfront on Tuesday launched plans to raise up to $450 million in its initial public offering, a move that comes after the "robo-adviser" and automated investment tool provider filed confidential plans to go public earlier this summer.

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SEC's Atkins Pushes To Broaden Small Business Criteria

By Jessica Corso

U.S. Securities and Exchange Commission Chairman Paul Atkins said on Tuesday that the agency should push to change the definition of small business so that more publicly traded companies can forgo what he considers to be burdensome regulatory requirements.

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Banking Regulators Pledge Basel Reset Amid Capital Rethink

By Jon Hill

Federal banking regulators told House lawmakers Tuesday that they are committed to advancing a fully rebuilt Basel III endgame rule that won't disrupt bank lending or gold-plate its requirements, although they stopped short of promising a capital-neutral result.

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FDIC Secures Dismissal Of SVB Cayman Deposit Suit

By Katryna Perera

A California federal judge has permanently tossed a suit against the Federal Deposit Insurance Corp. brought by liquidators of the Cayman Islands branch of collapsed Silicon Valley Bank, finding they lack standing to sue the agency and are barred from relitigating issues already decided in bankruptcy court.

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SDNY Head Backs Good Deals For Quick Cooperation By Cos.

By Stewart Bishop

Manhattan U.S. Attorney Jay Clayton on Tuesday said he's prepared to offer "real benefits" to corporations facing criminal investigations if they quickly agree to cooperate and compensate victims, ideally in the form of comprehensive, government-wide resolutions.

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Canadian Court Blocks Binance's Hong Kong Arbitration Bid

By Joyce Hanson

A Canadian court has ordered Binance to stop pursuing arbitration in Hong Kong against two class representatives in litigation accusing the cryptocurrency exchange of illegally trading securities, pointing to an appeals court decision finding the arbitration agreement is unenforceable.

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Citadel Securities Can't Duck Microchip Patent Claims

By Elliot Weld

An Illinois federal judge has denied Citadel Securities' attempt to escape a software company's patent infringement claims related to computer microchips, saying she was not convinced that the patents at issue were too abstract to be valid.

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Crypto-Focused Forward Industries Taps Fintech Vet As GC

By Sydney Price

Solana treasury company Forward Industries Inc. has tapped the former chief legal officer of digital broker-dealer Securitize Inc. and top lawyer at crypto-focused Anchorage Digital to serve as its general counsel.

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9th Circ. Robinhood Ruling May Alter Intraquarter Disclosures

By aligning with the Second Circuit and rejecting the First Circuit's extreme-departure standard, the Ninth Circuit recently signaled in its decision to revive a putative securities class action against Robinhood a renewed emphasis on transparency when known trends that can be considered material arise between quarterly reports, say attorneys at MoFo.

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A Primer On NYDFS' 3rd-Party Cybersecurity Guidance

The New York Department of Financial Services' recently released comprehensive guidance for registrants on managing cybersecurity risks associated with third-party service providers illustrates why proactive engagement by senior leadership, robust due diligence, strong contractual protections and ongoing oversight are essential to mitigating growing risks, say attorneys at McGuireWoods.

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A Close Look At The Evolving Interval Fund Space

Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.

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Bonus Spotlight

High Billers At McKool Smith To Pocket Extra Bonus Money

By Tracey Read

McKool Smith is the latest BigLaw firm to announce extra cash for attorneys who went above and beyond with billable hours in 2025, according to an internal memo obtained by Law360 Pulse.

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Wilson Sonsini To Switch Leaders For 1st Time Since 2012

By Andrea Keckley

Wilson Sonsini Goodrich & Rosati PC announced plans for its first top leadership transition in more than a decade on Wednesday, tapping a Palo Alto, California-based litigator and a New York-based corporate lawyer to begin co-leading the firm at the start of next August.

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Ex-Bernstein Litowitz Atty Starts Firm After Contentious Exit

By Adrian Cruz

A former Bernstein Litowitz Berger & Grossmann LLP partner known for handling high-profile stockholder cases has led the launch of a boutique focused on corporate disputes and securities litigation after the firm says he was fired for misconduct.

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LA Atty Accused Of Using AI 'Hallucinations' Sanctioned

By Rae Ann Varona

A California state appeals court has ordered an attorney accused of including artificial intelligence "hallucinations" in a client's opening brief to pay $7,500 to the court, saying in a published opinion that the attorney is subject to sanctions for inaccuracies, regardless of whether they were the result of AI.

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FTC Backs Nixing ABA Role As 'Gatekeeper' For Texas Bar

By Lynn LaRowe

The Federal Trade Commission has endorsed a proposal from the Texas Supreme Court to abandon a rule requiring graduation from a law school approved by the American Bar Association for admittance to the state bar, saying the organization's "accreditation monopoly" hurts competition and consumers.

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Virginia Bar Declines To Investigate Interim US Atty Halligan

By Ryan Boysen

The Virginia State Bar has declined to investigate whether Lindsey Halligan should face discipline over her scandal-plagued tenure as the interim U.S. attorney for the Eastern District of Virginia, just days after a federal judge ruled she was not properly appointed to that post.

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Trump Would Prefer Jack Smith Testify In Public

By Courtney Bubl茅

Rep. Jim Jordan, R-Ohio, chair of the House Judiciary Committee, subpoenaed former counsel Jack Smith on Tuesday for a closed-door deposition, to which President Donald Trump said he would rather see a public testimony.

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1st Circ. Doubts Ex-BigLaw Atty's Campaign Finance Appeal

By Chris Villani

The First Circuit on Wednesday expressed misgivings about a former BigLaw attorney's argument that a jury that convicted him of a campaign finance scheme during a failed run for Congress should have been required to unanimously find that each specific transaction was illegal.

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Archegos Founder Says Davis Polk Job Offer Taints Restitution

By Lauren Berg

Archegos founder Bill Hwang, who is serving an 18-year sentence for defrauding banks out of billions of dollars in loans used to manipulate the market, asked to vacate his restitution order because the presiding judge's clerk accepted a job with Davis Polk & Wardwell LLP, which represents victim-bank Morgan Stanley.

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Troutman Atty Is 3rd NC Federal Judge Confirmed This Week

By Courtney Bubl茅

The Senate voted 57-41 on Wednesday to confirm Matthew Orso, a partner at Troutman Pepper Locke LLP, to the Western District of North Carolina as a federal district judge.

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Fed. Circ. Pushes DC Circ. Not To Rethink Newman Decision

By Adam Lidgett

The Federal Circuit has urged the D.C. Circuit to ignore Federal Circuit Judge Pauline Newman's request to rehear a decision upholding the dismissal of her suit against the colleagues who suspended her, saying the judiciary has the right to police its own internal matters.

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