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From FTX to Terraform, Crypto Cases End With Years Behind Bars

Fri, 2025-12-12 14:38

The 15-year prison sentence places Do Heong Kwon among a growing list of high-profile figures in the cryptocurrency industry who have received significant prison terms since 2024 for fraud and money-laundering schemes.

       

Appellate Court Tosses $3.5M Employment Liability Verdict Against Union Pacific

Fri, 2025-12-12 14:25

The court's decision is a case of first impression and marks the first time an Illinois appellate court has addressed whether a certificate of good conduct can shield a witness from impeachment.

       

After Layoffs, University of Wisconsin Law Partners With State Public Defender

Fri, 2025-12-12 12:40

Following budget cuts at the University of Wisconsin-Madison Law School, the Wisconsin State Public Defenders office is partnering with the school to help run the school's Public Defender Project.

       

Will Big Law Firms Actually Grow Their Equity Ranks in 2026?

Fri, 2025-12-12 12:26

About 82% of surveyed large firm leaders said they planned to increase their equity ranks over the next two years, compared with 73% saying the same in last year's report.

       

Mega-Mergers Pick Up as Trump Team Eases Barriers

Fri, 2025-12-12 10:49

“It's not at all surprising that you remove the headwinds and you're going to get more boats sailing along, said Stephen Calkins, a former Federal Trade Commission general counsel who's now a Wayne State law professor.

       

Thoughtful Innovation

Fri, 2025-12-12 10:19

The New Benchmark for Legal AI

       

‘This Merger Stuff is Becoming Crazy': Market Reacts as Taylor Wessing and Winston & Strawn Become Latest Firms to Seek a Tie-Up

Fri, 2025-12-12 09:59

Partners will vote next summer on creating a financially integrated firm, with many onlookers saying the cultures will align well, but others sound a note of caution about market combinations.

       

OpenAI, Microsoft Face Lawsuit in Case Alleging ChatGPT Drove Man to Commit Murder-Suicide

Fri, 2025-12-12 09:55

A new wrongful death lawsuit filed in California state court claims that both OpenAI and Microsoft are liable for a man's decision to kill his 83-year-old mother, and then himself, after interacting with OpenAI's flagship artificial intelligence chatbot ChatGPT.

       

FTC Weighs Petition to Revive ‘Click to Cancel' Rule

Fri, 2025-12-12 09:37

The ‘Click to Cancel' rule may be down, but it's not out—and the FTC appears to be keeping its options open," Frankfurt Kurnit Klein & Selz partner Holly Melton wrote in a note to clients.

       

Judge Emil Bove Faces Ethics Complaint Over Trump Rally Attendance

Fri, 2025-12-12 06:59

“[T]here will be questions from reasonable and unbiased observers as to whether Judge Bove's attendance imperils his impartiality when assigned cases in which Trump is on either side of the v,' the complaint reads.

      Related Stories 

Big Law Hires From Government—'Like Nothing We've Ever Seen'—Jumped 225% in the DC Region This Year

Fri, 2025-12-12 06:38

Wilmer, Covington, Morgan Lewis, Latham, Holland & Knight, Hogan Lovells, and Jenner were among the top employers of government laterals in the D.C. region this year.

       

A Litigator With A Lens: Venable's Derek Smith Captures the Spotlight

Fri, 2025-12-12 05:59

In this week's Legal Speak episode, Texas Lawyer litigation reporter Laura Lorek explores Venable partner Derek Smith's passion for high-energy concert photography.

       

How I Made Practice Group Chair: 'Make Time to Deeply Understand the Law in Your Field,' Says Brantley Webb of Mayer Brown

Thu, 2025-12-11 22:59

"My advice would be to make time to deeply understand the law in your field so that you can do all of the things that a practice group leader needs to do from helping shape the litigation positions in your group's cases, to writing articles and policy papers, to answering client questions on the spot about questions or uncertainties in the law. There is no faking it,"

       

'What's It Going to Take?' LA Jurors Asked to Decide Whether J&J's Baby Powder Caused Ovarian Cancer

Thu, 2025-12-11 19:34

A Los Angeles Superior Court jury is expected to begin deliberations on Friday in a closely watched trial that involves two women alleging their long-term use of Johnson & Johnson's baby powder caused their ovarian cancer.

       

Investors Allege Florida Man Stole $5M in Bitcoin Escrow Scheme Tied to Law Firm

Thu, 2025-12-11 17:40

“This matter demonstrates a significant deficiency within traditional legal practice: A law firm that undertakes custody or oversight of digital assets must possess a competent understanding of crypto-wallet architecture, seed-phrase security and decentralized custody mechanics, or risk becoming an unwitting participant in fraudulent conduct, said Nicolle Lafosse, of counsel at the international law firm of Diaz Reus.

       

'Authority Higher Than God': Court Commissioner Admonished for Improper Comments, Orders

Thu, 2025-12-11 17:33

The Commission on Judicial Performance concluded former San Bernardino County Superior Court Commissioner Robert Driessen committed eight counts of misconduct during his three-year tenure.

       

15-Year Prison Sentence for Terraform Labs Founder Exceeds US Prosecutors' Ask

Thu, 2025-12-11 17:32

U.S. District Judge Paul Engelmayer said that the proposed 12-year sentence had been part of a plea deal containing terms that Engelmayer had “rarely seen on his time on the bench. “I simply do not find a 12-year sentence here reasonable, Engelmayer said.

       

Federal Prosecutors Fail Again to Secure Re-Indictment of New York AG James Following Case Dismissal

Thu, 2025-12-11 17:30

The grand jury's decision marked the second refusal of new charges in seven days. "This unprecedented rejection makes even clearer that this case should never have seen the light of day," Abbe Lowell of Lowell & Associates said after a federal grand jury in Virginia declined to re-indict his client New York Attorney General Letitia James.

       

Law Firm Disrupted: Special Doesn't Mean Optional When it Comes to Bonuses

Thu, 2025-12-11 16:56

While much of Big Law has opted to issue special bonuses on top of year-end bonuses, a number of firms have yet to do so, risking losing associates in the process.

       

2nd Cir. Ruling in Firearms Case Could Affect Other Insurance Policyholders

Thu, 2025-12-11 16:31

Attorneys who represent policyholders are concerned the Second Circuit's decision that two insurers did not have to defend or indemnify a firearms retailer could narrow the duty to defend and harm insureds.

       

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