Top Stories

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  Archegos Founder Gets 18 Years For Massive Market Fraud

  By Stewart Bishop

  Bill Hwang, the founder of collapsed hedge fund Archegos, was sentenced Wednesday to 18 years in prison after he...(read more)

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  BigLaw Begins Matching Milbank On Associate Bonuses

  By Aebra Coe

  Following the news Tuesday that Cravath Swaine & Moore LLP will pay associates year-end and special bonuses in l...(read more)

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• SEC Cooperators More Likely To See Pay Reprieve In 2024

  By Jessica Corso

  The U.S. Securities and Exchange Commission's recent emphasis on cooperation seems to have paid off for both the agency and some of the entities it regulates, according to a report released Thursday, which found that more public companies entered into nonmonetary settlements with the SEC in fiscal year 2024 than in any year over the previous decade.

• Not So Fast: Lenders Say CFPB Payday Rule Must Stay On Ice

  By Jon Hill

  Lender trade groups challenging the Consumer Financial Protection Bureau's payday loan rule have told the Fifth Circuit that they anticipate pursuing another U.S. Supreme Court appeal in their case, and that the rule should be kept on hold for even longer in the meantime.

• Musk, Ramaswamy Say High Court Rulings OK Federal Cuts

  By Lauren Berg

  Billionaire Elon Musk and former presidential candidate Vivek Ramaswamy, President-elect Donald Trump's picks to lead a newly created "Department of Government Efficiency," on Wednesday said two recent U.S. Supreme Court rulings will give them the authority to cut off power to regulatory agencies and conduct massive federal layoffs.

• DOJ Settles With Atty Who Reported Judge's Sexual Misconduct

  By Lauren Berg

  A former Alaska federal prosecutor who made allegations of sexual misconduct against then-U.S. District Judge Joshua Kindred has reached an undisclosed settlement with the U.S. Department of Justice resolving claims she suffered retaliation for speaking up, the U.S. Office of Special Counsel said Wednesday.

• Adani Group Chairman Charged In Sprawling Bribery Case

  By Dorothy Atkins

  Prosecutors unsealed a sprawling criminal indictment in New York federal court Wednesday, accusing Adani Group Chairman Gautam S. Adani and seven others of orchestrating a $250 million bribery scheme to secure lucrative Indian government renewable energy contracts, while misleading investors about the Adani Group subsidiary's dealings.

• Wash. Judge Questions Startup's Amazon Antitrust Claims

  By Greg Lamm

  A Washington federal judge on Wednesday suggested that antitrust claims might not survive in a startup's complaint against Amazon Web Services involving a dispute over higher-speed internet connections in the Middle East that allowed the startup to cater to its customer Epic Games.

• USPTO Unveils Patent Fee Hikes Set To Take Effect In January

  By Ryan Davis

  The U.S. Patent and Trademark Office on Wednesday released a final rule that will increase many patent-related fees on Jan. 19, recalibrating some proposed hikes that had drawn criticism from attorneys and industry groups while leaving others intact.

• DC Circ. Skeptical Of Texas AG's Bid To Revive X Probe

  By Ali Sullivan

  A D.C. Circuit panel seemed skeptical Wednesday of the Texas attorney general's claims that Media Matters lacks a valid claim to challenge the state enforcer's investigation into the media watchdog's reporting about the social media platform X, formerly Twitter, but one judge expressed uncertainty about the suit's readiness for judicial review.

• En Banc DC Circ. Eyes Court Power Over FEC

  By Ali Sullivan

  The D.C. Circuit's decision to sit for its first en banc rehearing since 2021 might signal that the court is inclined to reconsider an oft-challenged precedent barring judges from second-guessing federal election regulators when they decline to take enforcement actions, experts say.

• Texas Offers Up Land To Help Trump's Mass Deportation Plan

  By Britain Eakin

  The Texas General Land Office is offering up 1,400 acres of ranch land near the U.S.-Mexico border to the incoming Trump administration to construct deportation facilities to support the president-elect's plan for mass removals.

• 10th Circ. Side-Eyes Gas Royalty Claims Against Chevron Unit

  By Juan-Carlos Rodriguez

  Tenth Circuit judges on Wednesday seemed skeptical of a Colorado oil and gas company's class claim that a Chevron Corp. subsidiary owes it a royalty payment on infrastructure improvements undertaken by a third company.

• PBMs Sue To Block FTC's In-House Insulin Pricing Case

  By Matthew Perlman

  Caremark Rx, Express Scripts and OptumRx have lodged a constitutional challenge of the Federal Trade Commission's in-house case accusing the pharmacy benefits managers of artificially inflating insulin prices through unfair rebate schemes.