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May 05, 2026
The U.S. Securities and Exchange Commission on Tuesday proposed a regulation that will allow publicly traded companies to report their earnings every six months instead of every three, a policy championed by President Donald Trump for years and one that SEC leadership hopes will encourage more initial public offerings.
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May 05, 2026
Transocean Ltd. disclosed Tuesday that the U.S. Department of Justice Antitrust Division was scrutinizing its plan to acquire rival Valaris Ltd. in an all-stock deal valued at about $5.8 billion, pausing the combination of two of the largest offshore drilling fleets into a $17 billion operator.
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May 04, 2026
The U.S. Securities and Exchange Commission told a New York federal judge Monday it has agreed to dismiss its parallel civil enforcement action against Iconix Brand Group's founder who was accused of falsely inflating revenue by $11 million to meet earnings targets and had his conviction overturned by the Second Circuit.
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May 04, 2026
Former Exxon Chief Executive Rex Tillerson testified Monday that the company's top brass never pressured employees to make the company's holdings seem more profitable than they were, telling a jury in Texas federal court that he stood by the reports the company issued to investors.
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May 04, 2026
A hedge fund that is suing units of Bank of America and Canadian Imperial Bank of Commerce for alleged spoofing by their clients has told a New York federal court that a recent decision to exclude the hedge fund's damages expert doesn't doom its case, pushing back on a bid from the banks for an end to the litigation.
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May 04, 2026
Artificial intelligence computing company Cerebras Systems Inc. on Monday filed plans to raise around $3.4 billion in its blockbuster initial public offering, a long-awaited move that comes after the company withdrew previous plans for a public debut in October.
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May 04, 2026
Three California tribes have asked a federal judge to stay their litigation seeking to stop prediction market platforms from conducting what they say is illegal gambling on their lands, saying they can wait until the Ninth Circuit rules on their appeal challenging a denied preliminary injunction.
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May 04, 2026
The Office of the Comptroller of the Currency has told the Ninth Circuit a former Rabobank compliance officer is not entitled to $4 million in attorney fees and expenses over costs purportedly incurred during an abandoned enforcement proceeding, arguing the record "raises serious questions as to whether the request is excessive."
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May 04, 2026
A Maryland federal judge has permanently tossed a lawsuit brought by Alliance Global Capital Fund and a cheese shop that sought $900 billion in damages alleging Wells Fargo refused to redirect funds it knew were credited to the wrong account, finding a majority of the case's claims were brought too late.
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May 04, 2026
The sponsor of a blank check company linked to energy giant Nabors Industries Ltd. pushed back against an investor suit alleging its top brass unfairly claimed a $29 million settlement despite missing a deadline to merge with another company, arguing the investor bought shares knowing the acquisition already failed.
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May 04, 2026
Fintech platforms have told the U.S. Commodity Futures Trading Commission that few events should be off-limits for trading as the agency crafts rules for prediction markets, while tribes, consumer groups and states are calling on the agency to ban sports markets altogether as off-label gambling.
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May 04, 2026
Trump family-tied crypto firm World Liberty Financial LLC hit back at crypto billionaire Justin Sun with a defamation suit Monday, claiming he bet against a token he publicly hyped as part of an alleged short-and-distort scheme.
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May 04, 2026
Wells Fargo, a California law group and an Arizona investment advisory firm have been hit with a suit in a Texas federal court alleging they aided a purported Ponzi scheme over a purported oil-and-gas industry technology company.
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May 04, 2026
A Blackstone real estate investment trust focused on data centers aims to raise $1.8 billion in an upcoming initial public offering next week advised by Simpson Thacher & Bartlett LLP and Paul Hastings LLP.
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May 04, 2026
The U.S. Securities and Exchange Commission agreed Monday to drop a lawsuit accusing Elon Musk of failing to timely disclose his buy up of Twitter shares ahead of a decision to take the company private, agreeing to a settlement through which a trust held by Musk will pay $1.5 million.
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May 04, 2026
U.S. Securities and Exchange Commission Chairman Paul Atkins said Monday that the agency is investigating allegations of fraud in the private credit markets as default rates rise and investors are increasingly exiting the space.
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May 04, 2026
The Delaware Chancery Court this past week handled a wide-ranging docket of deal disputes, advancement fights, stockholder suits and contract claims, with several matters turning on timing, forum limits and the remedies available when transactions or governance agreements break down.
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May 04, 2026
WilmerHale has added a former U.S. Securities and Exchange Commission deputy director as a partner in its securities and financial services department, the firm announced on Monday.
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May 01, 2026
The U.S. Securities and Exchange Commission has pumped the brakes on a Nasdaq plan to more quickly shuffle low-value companies off its exchange, saying that public feedback has brought forth concerns that the proposal could open smaller companies up to market abuse and would deny their right to appeal an exchange decision against them.
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May 01, 2026
Two members of the Senate Banking Committee on Friday shared language governing interest and rewards payments on stablecoins that appears to resolve a key battle between banks and fintech companies stalling the Senate's progress on a bill to regulate crypto markets known as the Clarity Act.
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May 01, 2026
A pair of biotechnology firms began trading on Friday after raising a combined $557 million through upsized initial public offerings that both priced at the top of their proposed $16 to $18 ranges, marking the latest drug developers to join the IPO market in recent weeks.
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May 01, 2026
A California federal judge has trimmed Citron Research founder Andrew Left's securities fraud case by throwing out one criminal count accusing him of making false statements to federal agents, finding the proper venue for the charge is in Florida where the statements allegedly were made.
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May 01, 2026
An Iowa district judge denied UBS Financial Services' bid to vacate an arbitration award granted by the Financial Industry Regulatory Authority Inc., telling the firm it must pay more than $23 million in compensatory damages and $69 million in punitive damages to several ex-UBS customers who said the firm advised them to short-sell electric car company Tesla Inc.'s stock.
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May 01, 2026
For most lawyers, getting to argue before the U.S. Supreme Court is a once-in-a-lifetime event, but for a select few, it's a common occurrence. Clement & Murphy PLLC name partner Paul Clement is one of those lawyers.
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May 01, 2026
A group of mortgage originators and several software companies told a Tennessee federal court that a proposed price-fixing class action should be tossed because the plaintiffs didn't plausibly allege that the originators used certain software for a nationwide price-fixing conspiracy involving residential mortgage rates.