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  SEC Files New Insider Case Tied To Stolen Covington Info

  By Law360 Staff

  The U.S. Securities and Exchange Commission on Tuesday brought a new insider trading case tied to the theft of c...(read more)

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  Senate Confirms SDNY, Maryland Court Picks

  By Law360 Staff

  The U.S. Senate on Tuesday signed off on two new federal judges with BigLaw experience, confirming a federal pro...(read more)

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• EU Struggles With Setup Of G7 Use Of Frozen Russian Assets

  By Bengt Ljung

  European Union countries are struggling to agree on a legal solution to reassure the U.S. that windfall profits from frozen and immobilized Russian state assets will be used to repay a $50 billion loan to Ukraine over the entire length of the loan.

• TD Bank To Pay $28M Over Consumer Reporting Failings

  By Law360 Staff

  The Consumer Financial Protection Bureau hit TD Bank with a $20 million fine on Wednesday for its failures over inaccurate consumer credit reports, four years after the regulator imposed a $122 million fine against the bank over illegal overdraft fees.

• Atlanta VC Fund Folds Black-Only Grant Contest To End Suit

  By Law360 Staff

  An Atlanta-based venture capital fund that ran a program to award grants to businesses owned by Black women has agreed to shut down the contest after a split Eleventh Circuit panel found the practice may violate federal discrimination laws.

• Federal Pot Ban Out Of Step With The Times, 1st Circ. Told

  By Law360 Staff

  A group of cannabis businesses told the First Circuit the federal government no longer has a reasonable basis for prohibiting state-regulated marijuana, saying Congress has clearly changed its tune on pot commerce in the more than half-century since the ban was passed.

• BurgerFi Flips Into Ch. 11, Burned By Rising Costs

  By Law360 Staff

  BurgerFi International Inc., the fast casual chain that also has Anthony's Coal Fired Pizza & Wings restaurants under its umbrella, filed for Chapter 11 protection in Delaware on Wednesday, listing up to $500 million in debt and deluged by increasing operational costs.

• Legal Industry Grows By 8% In July, UK Gov't Stats Show

  By Marialuisa Taddia

  The U.K. legal industry posted its second-highest monthly revenue in 2024 as growth in the sector outpaces other professional services industries and the wider economy, new government statistics showed on Wednesday.

• Paul Hastings-Led ICG Clinches $17B Direct Lending Fund

  By Law360 Staff

  British private equity shop Intermediate Capital Group Inc., guided by Paul Hastings, said Wednesday that it has wrapped its fifth direct lending fund after securing roughly €15.2 billion ($17 billion) from limited partners, with plans to offer loans to PE-backed middle market companies based in Europe.

• Missouri High Court Puts Abortion Rights Back on Nov. Ballot

  By Law360 Staff

  Missourians will have a chance to vote this year on a constitutional amendment enshrining the right to abortion access following a Tuesday ruling by the state's highest court.

• Colo. DA Faces Disbarment After Probe Of Murder Case Judge

  By Law360 Staff

  A split Colorado disciplinary board on Tuesday ordered the disbarment of an elected local prosecutor who directed an investigation into the background of a judge who had sanctioned her office for discovery violations, ruling that the investigation and other ethical violations warranted taking away her law license.

• Fed Official Previews 'Broad' Changes To Bank Capital Plans

  By Law360 Staff

  A top Federal Reserve official on Tuesday revealed plans to sharply revise draft bank capital rules proposed last year, including cutting in half the amount of additional capital the largest banks would have to hold while largely sparing midsize lenders from the proposed new requirements.

• Blink Fitness Lands $105M Bid From PureGym

  By Law360 Staff

  Bankrupt gym chain Blink Fitness landed a stalking horse bid from a unit of U.K.-based global gym operator PureGym Ltd. that sets a $105 million floor price for a Chapter 11 auction set to be held later this month, the companies said Tuesday.

• 42 AGs Back Call For Social Media Warning Label Law

  By Tabitha Burbidge

  A bipartisan group of 42 attorneys general urged Congress on Tuesday to introduce warning labels on social media platforms in a bid to tackle risks posed to young people's mental health.