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Capital Markets
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March 25, 2026
FINRA Constitutionality Case Belongs In 4th Circ., Judge Says
A North Carolina federal judge has thrown out a lawsuit challenging the constitutionality of the Financial Industry Regulatory Authority's in-house disciplinary process, saying the case belongs before the Fourth Circuit.
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March 25, 2026
Warren Grills Fed's Ex-BigLaw Supervision Chief On Conflicts
Sen. Elizabeth Warren, D-Mass., on Wednesday asked former Davis Polk & Wardwell LLP veteran Randall Guynn, a recent addition to the Federal Reserve, to explain how he is dealing with potential conflicts of interest stemming from his previous role chairing the BigLaw firm's financial institutions group.
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March 25, 2026
Paragon 28 Beats Investor Suit Over Inventory Accounting
A Colorado federal judge has permanently tossed a proposed class action against Paragon 28 Inc., which makes products for foot and ankle surgery, and its executives claiming that they misrepresented the company's inventory levels and key financial metrics, finding that the suit fails to plausibly plead that the defendants knowingly made the misleading statements.
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March 25, 2026
Binance Will Challenge Singapore Arbitration Bid Denial
Binance will appeal a New York federal judge's ruling last month refusing to force users of the platform who accuse the crypto exchange of improperly selling securities to arbitrate their claims before the Singapore International Arbitration Centre.
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March 25, 2026
Serta Lenders End Trial Over 'Uptier' Ahead Of Summer Ruling
Lenders to Serta Simmons Bedding presented closing arguments in Texas bankruptcy court Wednesday in a trial over damages that investors excluded from the mattress maker's 2020 "uptier" deal say they should be awarded, an issue which the presiding judge expects to decide on in the next few months.
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March 25, 2026
Arxis Files IPO As More Defense Firms Seek Public Listings
Military electronics and components maker Arxis has filed plans for an initial public offering, marking the second military technology company to launch plans for a public debut this week as more aerospace and military companies seek the public markets.
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March 25, 2026
Conn. Atty Faces Civil Arrest Bid In $10M Trust Account Probe
A city housing authority and its corporate development arm have asked a Connecticut Superior Court judge to order the civil arrest of an attorney accused of funneling nearly $10 million in unauthorized loan proceeds into his lawyer trust account.
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March 25, 2026
FSOC Seeks To Rein In Too-Big-To-Fail Labels In Latest Pivot
Federal regulators moved Wednesday to curb their authority to subject large asset managers, insurers and other nonbank firms to heightened, bank-like supervision, proposing guidelines that would reinstitute tougher standards for these too-big-to-fail designations.
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March 25, 2026
After Overhaul Nixed, FTC, DOJ Mull New Merger Rulemaking
The Federal Trade Commission and the U.S. Department of Justice are not giving up on attempting to overhaul the "insufficient" half-century-old merger notification form after its replacement was just struck down by a Texas federal judge, with the agencies now seeking public comment as they mull "a new rulemaking process."
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March 25, 2026
Judge Trims SEC Fraud Case Over Cancer Drug Claims
A Massachusetts federal judge greenlighted U.S. Securities and Exchange Commission claims against two of three former pharmaceutical executives accused of concealing from investors the U.S. Food and Drug Administration's "harsh critiques" about a cancer drug.
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March 25, 2026
Insurer Need Not Cover Parkinson's Drug Antitrust Dispute
An insurer does not owe coverage in an antitrust suit accusing a pharmaceutical company of suppressing generic versions of the Parkinson's treatment Apokyn, a Maryland federal judge ruled, finding the dispute does not involve "securities claims" covered under the insurer's policy.
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March 25, 2026
3 Canadian Law Firms Steer $6.5B Boralex PE Buyout
Brookfield Asset Management and La Caisse have agreed to acquire all of Boralex Inc.'s outstanding shares in a deal that gives the Canadian renewable power producer an enterprise value of CA$9 billion, or about $6.5 billion, according to a deal announcement Wednesday.
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March 24, 2026
NY Regulator's Fintech Unit Chief Is Ex-BigLaw, CFPB Analyst
New York's financial services regulator announced Tuesday it has promoted one of its own to permanently head up its division responsible for licensing crypto firms and regulating fintech, a job formerly held by the agency's current acting Superintendent Kaitlin Asrow.
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March 24, 2026
Iowa Asks 5th Circ. To Ax 'Uncertain' Schwab Antitrust Deal
Iowa's attorney general Monday pressed the Fifth Circuit to reject investors' deal with The Charles Schwab Corp. in an antitrust suit over its merger with TD Ameritrade, arguing it offers only uncertain and hypothetical relief to class members while giving named plaintiffs and class counsel a "windfall."
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March 24, 2026
SEC Casts Doubt On Egan-Jones' Reentry Into Bond Ratings
Egan-Jones Ratings Co. has found itself back under the U.S. Securities and Exchange Commission's microscope 13 years after the agency pulled its permission to rate government bonds, with the SEC recently expressing concern that the company isn't ready to reenter the space.
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March 24, 2026
FINRA CEO Highlights New Clearinghouse For Cyber Threats
Robert Cook, CEO of the Financial Industry Regulatory Authority, said Tuesday that it will soon be rolling out a clearinghouse for firms to report cybersecurity threats and to promote information sharing across the industry.
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March 24, 2026
Compliance Chiefs Offer Insight On AI In Financial Services
JPMorgan Chase & Co.'s chief compliance officer said Tuesday that artificial intelligence has proven "transformative" to her bank, and that she sees a time when compliance officers may come to supervise AI agents as the technology evolves.
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March 24, 2026
Warren Probes MrBeast's 'Ill Prepared' Crypto Plan For Kids
Massachusetts Sen. Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, sent a letter to YouTube star MrBeast on Monday expressing skepticism about his potential plans to offer financial and cryptocurrency trading services to children, saying his company appears "ill prepared" for the move, while asking for information.
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March 24, 2026
Del. Lawmakers Roll Out Banking Overhaul, Stablecoin Bills
Delaware lawmakers unveiled a pair of bills aimed at overhauling the state's banking laws, which their sponsors say would position Delaware at the forefront of digital finance and mark the most significant update to its financial code in more than four decades.
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March 24, 2026
CFTC Creates Crypto, AI, Prediction Market Policy Task Force
U.S. Commodity Futures Trading Commission Chair Michael Selig announced the launch of an "Innovation Task Force" Tuesday, which will serve as a dedicated space for crypto, artificial intelligence and prediction market participants to interface directly with agency staff.
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March 24, 2026
2nd Circ. Says Barclays Noteholders' Appeal Fails 'Slack' Test
The Second Circuit on Tuesday upheld the dismissal of a lawsuit accusing Barclays PLC of selling unregistered securities following its loss of well-known seasoned issuer status, saying in a case of first impression that investors couldn't meet a test set out by the U.S. Supreme Court in 2023's Slack decision.
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March 24, 2026
Crypto Project Execs Escape Investors' Fraud, RICO Suit
A Tennessee federal judge has dismissed the alleged co-CEO and other executives of purported crypto projects from a suit accusing them of duping investors out of tens of millions of dollars with false promises of returns, finding the investors do not plausibly plead their fraud or racketeering claims.
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March 24, 2026
Ga. Exec Cops To Role In Alleged $380M Ponzi Scheme
The former chief administrative officer of an Atlanta-area financial advisory group pled guilty Tuesday to one count of money laundering in connection to her role in what prosecutors said was a $380 million Ponzi scheme.
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March 24, 2026
AI Biz Brass, Accounting Firm Shake 'Fake Revenue' Suit
The leaders of a now-bankrupt artificial intelligence company and its former accounting firm have escaped a lawsuit brought by investors alleging the AI company used so-called round-trip transactions with a business partner to generate false revenue, after a Maryland federal judge found the shareholders have not shown the transactions or the business relationship were improper.
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March 24, 2026
Regulator Bars Connecticut Atty From Investment Advising
A Connecticut attorney has agreed to stop acting as an investment adviser agent after the state's banking and securities regulator alleged that he hired a convicted Ponzi schemer as a paralegal and failed to maintain accurate books, records and disclosures.
Expert Analysis
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Del. Dispatch: What Tesla Decision Means For Exec Comp
The recent Delaware Supreme Court decision granting Tesla CEO Elon Musk his full pay, now valued at $139 billion, following a yearslong battle appears to reject the view that supersized compensation may be inherently unfair to a corporation and its shareholders, say attorneys at Fried Frank.
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Wis. Sanctions Order May Shake Up Securities Class Actions
A Wisconsin federal court’s recent decision to impose sanctions on a plaintiffs law firm for filing a frivolous Private Securities Litigation Reform Act complaint in Toft v. Harbor Diversified may cause both plaintiffs and defendants law firms to reconsider certain customary practices in securities class actions, says Jonathan Richman at Brown Rudnick.
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5 E-Discovery Predictions For 2026 And Beyond
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.
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Where States Jumped In When SEC Stepped Back In 2025
The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.
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What's On Deck In Tribal Nations' Prediction Markets Litigation
Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.
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SEC Virtu Deal Previews Risks Of Nonpublic Info In AI Models
The U.S. Securities and Exchange Commission’s recent settlement with Virtu Financial Inc. over alleged failures to safeguard customer data raises broader questions about how traditional enforcement frameworks may apply when material nonpublic information is embedded into artificial intelligence trading systems, says Braeden Anderson at Gesmer Updegrove.
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Series
Judges On AI: How Courts Can Boost Access To Justice
Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.
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Opinion
The Case For Emulating, Not Dividing, The Ninth Circuit
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.
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Targeted Action, Rule Tweaks Reflect 2025 AML Priority Shifts
Though 2025’s anti-money-laundering landscape was characterized not by volume of penalties but by the strategic recalibration of how illicit finance risk is handled, a series of targeted enforcement actions signaled that regulators aren't easing off the accelerator, even as they refine the rules of the road, say attorneys at MoFo.
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Series
Muay Thai Makes Me A Better Lawyer
Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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Citgo Ruling Offers Award Enforcement Road Map
A recent opinion from the Delaware federal court approving a $5.892 billion bid for Citgo Petroleum shares brings the long-running enforcement of the Crystallex arbitration award against Venezuela closer to resolution and offers crucial lessons for creditors pursuing sovereign debt, says Vitaly Morozov at Pierson Ferdinand.
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Series
A Day In The In-House Life: Chime GC Talks Pathfinding
On a recent Tuesday in the office, Chime's general counsel Adam Frankel shares his typical work day, tackling everything from strategically guiding product launches and testing AI tools to mastering the perfect latte and making time for extracurricular interests.
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Preparing For Congressional Investigations In A Midterm Year
2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.
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How Bank M&A Prospects Brightened In 2025
Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.