Incarcerated FTX founder Sam Bankman-Fried urged the U.S. Supreme Court on Thursday to review the Second Circuit's decision affirming his fraud conviction and $11 billion forfeiture order, saying now is the time to resolve whether evidence of fraud victims' losses belongs in fraudulent-inducement prosecutions and whether his "crushing fine" is constitutional.
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TOP NEWS

Bankman-Fried Asks Justices To Review His Fraud Conviction

By Rae Ann Varona

Incarcerated FTX founder Sam Bankman-Fried urged the U.S. Supreme Court on Thursday to review the Second Circuit's decision affirming his fraud conviction and $11 billion forfeiture order, saying now is the time to resolve whether evidence of fraud victims' losses belongs in fraudulent-inducement prosecutions and whether his "crushing fine" is constitutional.

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Huawei Ripped Off Amazon Cloud Platform IP, Jury Hears

By Stewart Bishop

A former engineer for a U.S. subsidiary of Huawei on Thursday testified that she was shocked and upset after a colleague boasted of co-opting patented code used in Amazon's cloud computing platform, the first of several Huawei employees that are expected to take the stand in the Chinese telecommunications company's RICO trial in New York federal court. 

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Cognizant Knocks Out Fired Worker's $8.4M Retaliation Win

By Patrick Hoff

A New York federal judge granted Cognizant Technology Solutions Corp. a new trial in a lawsuit by an employee who said he was fired for reporting what he alleged was pro-Indian hiring bias, finding that keeping an $8.4 million verdict would be a "miscarriage of justice."

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JPMorgan Aided Ex-Atty Kossoff's $18.5M Theft, Trustee Says

By Hailey Konnath

The Chapter 7 trustee representing bankrupt firm Kossoff PLLC on Wednesday sued JPMorgan Chase Bank NA, claiming the bank helped the firm's principal steal at least $18.5 million from clients, and it "should be made to account."

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1st Circ. Keeps USPS Ballot Mail Rule Blocked For Midterms

By Julie Manganis

The First Circuit on Thursday rejected a request from the U.S. Postal Service to lift a Massachusetts federal judge's order blocking new mail ballot requirements that the appellate court said would create "chaos and widespread disenfranchisement" just weeks before the November midterm elections.

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MEDIA & ENTERTAINMENT

Jay-Z Can't Undo Buzbee's Win In Rapper's Defamation Suit

By Y. Peter Kang

A California state appeals court has refused to revive claims that Texas attorney Tony Buzbee defamed and extorted music superstar Jay-Z by roping him into a sexual abuse suit against Sean "Diddy" Combs, saying the case was properly thrown out under California's free speech statute.

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EMPLOYMENT

Brief

Gig Cos.' Suit Over NYC Tip Law Paused For 2nd Circ. Review

By Benjamin Morse

A New York federal judge has paused a suit by DoorDash and Uber challenging New York City's delivery tipping laws, putting the case on hold while the Second Circuit considers the companies' First Amendment appeal.

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SECURITIES & WHITE COLLAR

BitConnect Promoter To Pay $1.9M In SEC Settlement

By Sydney Price

A cryptocurrency promoter was ordered by a New York federal judge to pay over $1.9 million to end claims from the U.S. Securities and Exchange Commission that he recruited investors into a $2 billion unregistered cryptocurrency lending program, marking the end of litigation launched in 2021.

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GOVERNMENT CONTRACTS

24 States Ink Deal With Feds In AmeriCorps Budget Cuts Case

By Rachel Riley

Two dozen states and the District of Columbia have reached a settlement with the Trump administration to stop the federal government from abruptly slashing funding for the national volunteer agency AmeriCorps in the future, the coalition of states announced Thursday.

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States Press Court To Block DOT's CDL Data Request

By Jared Foretek

A Virginia federal judge on Thursday questioned the Trump administration's claim that the Federal Motor Carrier Safety Administration's chief counsel wasn't speaking for the agency itself when she told a nationwide commercial driver database operator to either hand over millions of driver files or see its federal funding slashed.

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BANKING

Citizens Says SoFi's Poaching 'Decimated' Conn. Mortgage Biz

By Isaac Monterose

Citizens Bank is suing SoFi Bank in Connecticut federal court, alleging its rival poached Citizens Bank employees, stole its trade secrets and "decimated Citizens' mortgage business" in Connecticut. 

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IMMIGRATION

Feds' Cut To NY Funding In CDL Fight Justified, 2nd Circ. Told

By Linda Chiem

The Trump administration has told the Second Circuit that it's well within its rights to penalize New York by withholding $74 million in highway funds over the state's failure to revoke commercial driver's licenses that were issued to ineligible foreign drivers.

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TELECOMMUNICATIONS

Nielsen Tells 2nd Circ. Court Altered Terms Of Cumulus Order

By Nadia Dreid

Nielsen is headed back to the Second Circuit after a New York federal court changed the terms of a preliminary injunction that the appellate court had already upheld, the company said, requiring Nielsen to not only unbundle its national radio ratings data from its local offerings but also to provide that data on specific terms.

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PEOPLE

Proskauer Hires Former Cahill Gordon Finance Team

By Andrea Keckley

Proskauer Rose LLP announced Wednesday that it has hired a team of New York attorneys who most recently worked for Cahill Gordon & Reindel LLP, touting their experience serving clients in the leveraged finance market.

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Eminent Domain Atty Joins Greenberg Traurig In NY

By Nate Beck

Greenberg Traurig LLP has expanded its real estate practice with the addition of an eminent domain-focused shareholder in the firm's New York City and Long Island offices from Duane Morris LLP, according to the firm.

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Reed Smith Continues Private Capital Growth With Two Hires

By Daniel Moritz-Rabson

Reed Smith LLP announced two new hires to its private capital team on Wednesday as the firm continues rapidly expanding the platform.

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EXPERT ANALYSIS

Voyager Ruling Maps Out Ch. 11 Exculpation Lessons

Chapter 11 plan proponents drafting exculpation provisions may benefit from contrasting the exculpatory language recently invalidated by a New York federal court in the Voyager Digital Holdings case with successful recent use of these provisions in confirmed bankruptcy plans, say attorneys at Debevoise.

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Series

Juggling And Unicycling Make Me A Better Lawyer

Because I juggle (sometimes with fire) and ride the unicycle, friends and family used to joke that I should join the circus, but I pursued the practice of law instead and learned that my hobbies benefit my profession in several important ways, says Morgan Eddy at Smith Currie.

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LEGAL INDUSTRY

Senior Lawyers Survey: Tell Us About Your Career

How are senior lawyers adapting to evolving career paths and emerging technologies? Share your perspective in this five-minute survey.

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Engineering Co. Calls Atty-Ouster Bid Retaliatory In Wage Suit

By Benjamin Morse

An engineering company urged a Pennsylvania federal judge to reject a bid to remove its lawyer from a wage case, arguing the worker is retaliating because the company tried to disqualify one of his attorneys from a separate case.

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Law360's Legal Lions Of The Week

By Kevin Penton

Elias Law Group LLP and Stinson LLP lead this week's edition of Law360 Legal Lions, after the U.S. Supreme Court ruled that Missouri cannot use a newly drawn congressional map that favors Republicans in the midterms.

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In-House Atty Org. Says Rival Ripped Off Data For AI Tool

By Andrea Keckley

The Association of Corporate Counsel alleges in Delaware federal court that its competitor used the nonprofit's proprietary materials to train its artificial intelligence tool Lloyd and "brazenly promoted its Lloyd product by showing the public that ACC materials could be accessed via Lloyd."

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Greenberg Traurig, Eckert Seamans Hit By Data Breaches

By Ryan Boysen

Greenberg Traurig LLP and Eckert Seamans Cherin & Mellott LLC have publicly revealed that they've been hit by data breaches, adding to the dozens of cybersecurity incidents U.S. law firms have suffered this year.

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Legal Ops Duo Sees AI Driving Department Redesign

By Anna Scott Farrell

Connie Brenton and Jeff Franke consider themselves, and others in the field of legal operations, to be, fundamentally, entrepreneurs. Here, the pair sat down with Law360 Pulse to talk about the state of their field, why legal ops is still misunderstood, and their annual conference, Running Legal Like a Business, which took place this week in Las Vegas.

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

AI is driving a significant gap between in-house legal departments' budgets and the cost of their workloads, according to a new study. Speaking of gaps, a new Law360 Pulse report on women in law found that men still make up 71% of law firm equity partners and 63% of nonequity partners. These are some of the stories in corporate legal news you may have missed in the past week.​

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Analysis

Midterm Wins Could Help Dems Probe Trump's BigLaw Deals

By Courtney Bublé

If the Democrats take back one or both chambers of Congress in the midterm elections, a big item on their oversight agenda will be to step up ongoing investigations of the deals that nine major law firms cut with the Trump administration last year.

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Personal Injury Firm Beats Atty's Bid For 'Birth Justice' TM

By Adam Lidgett

A former associate at a personal injury and medical malpractice law firm can't register in her own name a trademark for birth-injury legal services that she helped develop before and during her employment with the firm, the Trademark Trial and Appeal Board has ruled.

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Trial Errors 'Crippled Goldstein's Defense,' 4th Circ. Hears

By Jeff Overley

Appellate luminary Tom Goldstein unveiled a sweeping and forceful critique aimed at erasing his felony fraud convictions, telling the Fourth Circuit that prosecutors were hell-bent on convicting him "no matter the facts or law," disregarded a star witness's "incompetence" and benefited from a trial judge's "inexplicable" rulings.

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Interview

ABA Cyber Task Force Co-Chair Eyes AI Education Boost

By Allison Grande

With the legal industry presenting a more and more enticing target for cyberattacks, it's becoming increasingly important for practitioners to know how to best protect clients' data and most effectively use emerging artificial intelligence tools — a task that the American Bar Association's Cybersecurity Legal Task Force is well positioned to assist with, its incoming co-chair recently told Law360.

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Afghan Woman Deported in 1st 'Alien Terrorist' Case

By Aneeta Mathur-Ashton

The Trump administration deported an Afghan woman accused of plotting an ISIS-inspired mass shooting in the first case before the previously dormant Alien Terrorist Removal Court.

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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.

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Attys Must Arbitrate $8 Oil To Fight $625K Sanction: 9th Circ.

By Jeff Overley

Class action lawyers slapped with six-figure sanctions for suing Walmart Inc. based on erroneous purchase information can't yet challenge the discipline, the Ninth Circuit ruled, suggesting they may first need to arbitrate grievances over an $8 bottle of avocado oil.

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Ex-Wash. Bench Officer Censured Over Explicit Texts, Emails

By Ben Adlin

The Washington State Commission on Judicial Conduct censured a former Okanogan County Superior Court commissioner Friday, finding that Robert Colbert violated the Code of Judicial Conduct by engaging in what a stipulated agreement describes as "unprofessional, inappropriate communications" with a court employee that involved "sexually explicit language."

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Brief

Colo. Governor Appoints Atty To Denver Court

By Rachel Konieczny

Colorado Gov. Jared Polis appointed Friday an attorney to the Denver District Court, filling the vacancy that will be created by a retirement on the bench.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Alioto Law Firm

Alston & Bird

Arnold & Porter

Ashurst Perkins

Barnes & Thornburg

Blue Filament Law

Bruckner Burch

Buzbee Law Firm

Cahill Gordon

Cleary Gottlieb

Cohen & Wolf

Cooley LLP

Cravath Swaine

Crowell & Moring

DLA Piper

Davis Wright Tremaine

Debevoise & Plimpton

Dinsmore & Shohl

Dovel & Luner

Duane Morris

Eckert Seamans

Elias Law Group LLP

Emery Reddy

Federman & Sherwood

Freshfields

Friedland Cianfrani

Frontier Law Center

Gibson Dunn

Goldberg Kohn

Goodrich & Geist

Goodwin Procter

Greenberg Traurig

Haynes Boone

Hecker Fink

Henneman Rau

Hogan Lovells

Horvitz & Levy

Hunton Andrews

Jackson Lewis PC

Jenner & Block

Jones Day

Josephson Dunlap

King & Spalding

Kirkland & Ellis

Kopelowitz Ostrow

Kossoff PLLC

Kotchen & Low

Kramer LLP

Latham & Watkins

Lewis Brisbois

Littler Mendelson

Mayer Brown

McGuireWoods

Meritz Reddy

Milbank LLP

Morgan Lewis

O'Melveny & Myers

Olsman MacKenzie

Pallas Partners

Paul Weiss

Proskauer Rose

Quinn Emanuel

R. McConnell Group PLLC

Reed Smith

Shapiro Arato

Sheppard Mullin

Sidley Austin

Simpson Thacher & Bartlett

Skadden Arps

Smith Currie

Steptoe LLP

Stinson LLP

Stockwell Sievert

Stone Pigman

Stradling Yocca

Taft Stettinius

Togut Segal

Venable LLP

Wheeler Trigg

Williams & Connolly

Willkie Farr

WilmerHale

COMPANIES IN TODAY'S NEWS

3M Co.

Aegean Marine Petroleum Network Inc.

Amalgamated Bank

Amazon.com Inc.

American Association of Motor Vehicle Administrators

American Bar Association

American Civil Liberties Union

American Civil Liberties Union of Massachusetts

Amphenol Corp.

Anthropic PBC

Apple Inc.

Asian Americans Advancing Justice

Association of Corporate Counsel

Barings LLC

Berkshire Partners LLC

Bloomingdale's Inc.

Boyer Co.

Brennan Center for Justice

Cisco Systems Inc.

Citigroup Inc.

Cognizant Technology Solutions Corp.

Comcast Corp.

Corporate Legal Operations Consortium

Cumulus Media Inc.

DISH Network Corp.

DoorDash Inc.

EE Ltd.

Exxon Mobil Corp.

FirstMark Capital LLC

Fujitsu Ltd.

Futurewei Technologies Inc.

GE Aerospace

Gelman, Rosenberg & Freedman

Google LLC

HSBC Holdings PLC

Hazelden Betty Ford Foundation

Huawei Technologies Co. Ltd.

Ingram Micro Holding Corp.

Institutional Shareholder Services Inc.

JPMorgan Chase & Co.

Jake's Fireworks Inc.

Jeppesen Sanderson Inc.

LinkedIn Corp.

MS&AD Insurance Group Holdings Inc.

Merck & Co. Inc.

NAACP Legal Defense & Educational Fund Inc.

New York Law School

New York University

Nielsen Holdings PLC

Nortel Networks Corporation

Oracle Corp.

SVB Financial Group

Salesforce.com Inc.

Starbucks Corp.

TechGC

Temple University

Uber Technologies Inc.

Walmart Inc.

Warburg Pincus LLC

Yahoo Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Attorney General's Office

City of New York

Corporation for National and Community Service

Employee Benefits Security Administration

Executive Office of the President

Federal Bureau of Investigation

Federal Deposit Insurance Corp.

Federal Motor Carrier Safety Administration

Maryland Attorney General's Office

National Labor Relations Board

New York Attorney General's Office

North Carolina Secretary of State

Office of the Attorney General for the District of Columbia

Office of the Vermont Attorney General

Social Security Administration

Texas Attorney General's Office

Texas State Securities Board

U.S. Attorney's Office

U.S. Attorney's Office for the Eastern District of New York

U.S. Attorney's Office for the Eastern District of Virginia

U.S. Attorney's Office for the Southern District of New York

U.S. Bankruptcy Court for the Southern District of New York

U.S. Consumer Product Safety Commission

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Commerce

U.S. Department of Education

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of Transportation

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Connecticut

U.S. District Court for the District of Delaware

U.S. District Court for the District of Maryland

U.S. District Court for the District of Minnesota

U.S. District Court for the Eastern District of New York

U.S. District Court for the Eastern District of Virginia

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Pennsylvania

U.S. Environmental Protection Agency

U.S. Patent and Trademark Office

U.S. Postal Service

U.S. Securities and Exchange Commission

U.S. Supreme Court