First up this week is a team from Jones Day led by Amanda Rice and Yaakov Roth. They secured a ruling from the D.C. Circuit this week giving client KalshiEx a greenlight to offer derivative contracts allowing Americans to put money down on which political party will gain control of Congress after the November elections. The Jones Day team previously secured a summary judgment win at the district court against the U.S. Commodity Futures Trading Commission. That win blocked the CFTC order barring Kalshi from offering its "congressional control contracts." The D.C. Circuit this week declined to stay the district court ruling, finding the agency failed to show the contracts would incentivize political misinformation or harm election integrity. The Jones Day team includes associates Sam Lioi and John Henry Thompson. 

Last week a team at Robbins Geller Rudman & Dowd took home the top Litigator of the Week spot after securing a $490 million securities class action settlement from Apple. This week the firm struck another blow against Big Tech: a team led by partners Jason Forge and Michael Albert won final approval of a $350 million settlement with Alphabet in a suit accusing the company of misleading investors about the company's privacy and cybersecurity practices. The Ninth Circuit revived the suit three years ago based on the company's initial failure to disclose information about a bug in the Google+ social network, which left the private data of hundreds of thousands of users exposed to third-party developers. The Robbins Geller team on the Alphabet case also included Kenneth Dolitsky, Marco Janoski Gray, Ting Liu, Laura Andracchio and Sarah Fallon.