-
June 05, 2026
WILMINGTON, Del. — A federal judge in Delaware dismissed a derivative action brought by a shareholder against a company’s current and former executives, board members and directors for alleged securities law violations, finding that the shareholder failed to bring a nonexculpated claim for liability for the purpose of demand futility.
-
June 05, 2026
CAMDEN, N.J. — A federal judge in New Jersey dismissed investors’ putative class action against Verizon Communications Inc. and certain of its executives over alleged misstatements regarding miles of lead-sheathed copper wire, finding that, for the second time, the investors failed to plausibly allege an actionable claim for fraudulent statements made with scienter.
-
June 04, 2026
WASHINGTON, D.C. — A unanimous U.S. Supreme Court on June 4 ruled that the Securities and Exchange Commission may seek equitable disgorgement under federal securities laws without showing that investors suffered pecuniary harm, saying that traditional equitable principles associated with disgorgement do not require a showing of pecuniary loss “before an investor qualifies as a victim of an offender’s wrongdoing entitled to compensation.”
-
June 04, 2026
MILWAUKEE — Two pension funds are appealing to the Seventh Circuit U.S. Court of Appeals a Wisconsin federal judge’s dismissal of their second amended securities fraud complaint against an energy products company regarding the company’s allegedly fraudulent nondisclosure of its COVID-19 pandemic-related stock price gains and subsequent drop.
-
June 04, 2026
OAKLAND, Calif. — A federal judge in California granted final approval to an $85 million settlement in a class action brought by investors against Wells Fargo & Company and certain of its executives alleging that news of the company’s practice of using fake interviews to give the impression of complying with internal diversity hiring practices led to a drop in the company’s stock value.
-
June 03, 2026
ATLANTA — Finding that substantial evidence supported the Securities and Exchange Commission’s approval of a securities exchange’s technology model designed to prevent trading during micro-shifts in options’ prices, an 11th Circuit U.S. Court of Appeals panel denied a high-frequency trader’s petition for review of the SEC’s decision.
-
June 02, 2026
HONOLULU — A federal judge in Hawaii issued an opinion and order granting final approval of a $100 million derivative settlement in a case brought by investors on behalf of Hawaiian Electric Industries Inc. stemming from the August 2023 wildfires that broke out on Maui.
-
June 01, 2026
WASHINGTON, D.C. — The Securities and Exchange Commission on May 29 proposed a rule that would rescind climate-related disclosure rules, saying in the proposal that the rules “were a dramatic overreach of the Commission’s statutory authority.”
-
June 01, 2026
NEW YORK — A Second Circuit U.S. Court of Appeals panel affirmed a lower court’s dismissal of investors’ putative class action against The Gap Inc. and two of its executives, finding that the challenged statements about problems with an inclusive clothing size initiative were not false or misleading.
-
June 01, 2026
NEW YORK — A Second Circuit U.S. Court of Appeals panel affirmed the confirmation of a JAMS arbitral award worth more than $9 million in attorney fees and costs issued against an investor for allegedly violating a restriction on securities transfers and rebuffed his arguments that the award should not have been confirmed based on findings from parallel litigation in Pakistan, which the panel said was only “tangentially related.”
-
June 01, 2026
LOS ANGELES — A federal judge in California granted final approval to a $250 million settlement in a class action brought by investors alleging that an electric car manufacturer and certain of its executives hid the fact that they knew that the company would be selling its vehicles at a significant loss ahead of its initial public offering.
-
May 29, 2026
WASHINGTON, D.C. — In a respondent brief filed in the U.S. Supreme Court, the Securities and Exchange Commissioned urges the court to deny a petition for a writ of certiorari filed by the New Civil Liberties Alliance (NCLA), individuals and other entities who had entered into settlements with the SEC asking the court to determine whether a now-rescinded SEC rule requiring defendants to agree not to publicly deny allegations against them before entering into a settlement with the SEC, known as the Gag Rule, violates the First Amendment. The SEC says the petition is moot because the agency recently repealed the rule.
-
May 28, 2026
TAMPA, Fla. — The American Securities Association (ASA) notified a federal court in Florida that it had reached a settlement with the U.S. Securities and Exchange Commission in its suit against the SEC for allegedly violating the Freedom of Information Act (FOIA) by withholding all responsive documents related to the agency’s investigations of broker-dealers that used unauthorized personal devices to communicate with clients during the COVID pandemic.
-
May 26, 2026
WASHINGTON, D.C. — The U.S. Supreme Court on May 26 denied a petition for rehearing filed by a man subject to a civil action by the Securities and Exchange Commission asking the court to determine whether federal securities laws allow the SEC and a district court to use the commission’s general equitable authority to order a receivership that will seize every entity owned by a defendant that even slightly benefited from the defendant’s allegedly illegal acts; the Supreme Court had denied the man’s petition for certiorari on March 30.
-
May 21, 2026
WASHINGTON, D.C. — The Securities Exchange Commission has rescinded a policy that required defendants that settle enforcement actions with the SEC to agree not to publicly deny the agency’s allegations.
-
May 20, 2026
SAN FRANCISCO — A federal judge in California issued an order granting final approval to a settlement to end shareholders’ derivative class action against Wells Fargo & Co. over allegedly discriminatory lending and hiring practices.
-
May 18, 2026
NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on May 15 denied a petition for rehearing en banc filed by Robert Allen Stanford, the criminally convicted leader of a long-running Ponzi scheme, in an enforcement action brought by the Securities and Exchange Commission against Stanford and other scheme participants; the panel had affirmed a lower court’s grant of summary judgment for the SEC, finding no reversible error of fact or law.
-
May 18, 2026
WASHINGTON, D.C. — The U.S. Supreme Court on May 18 denied investors’ petition for a writ of certiorari asking the court to determine when an independent accountant can be found liable under Section 11 of the Securities Act of 1933 for a company’s financial statements; a Fifth Circuit U.S. Court of Appeals panel had dismissed the investors’ case against a fuel-cell server manufacturer’s outside accounting, finding that the accountant was not liable under the statute.
-
May 08, 2026
SEATTLE — A federal judge in Washington granted in part and denied in part a specialized semiconductor device manufacturer’s motion to dismiss an investor’s putative class action alleging the manufacturer’s executives made false and misleading statements that artificially inflated the company’s stock price, finding that most of the allegedly misleading statements were not protected opinions or puffery.
-
May 08, 2026
WASHINGTON, D.C. — The Securities and Exchange Commission proposed rule and form amendments to give public companies the option to file semiannual reports instead of quarterly reports to meet reporting requirements under federal securities laws.
-
May 08, 2026
MILWAUKEE — For the second time, a federal judge in Wisconsin granted an energy-related products company’s motion to dismiss securities fraud claims brought by two pension funds, finding that amendments made in an amended complaint to allegations of fraudulent nondisclosure surrounding the company’s COVID-19 pandemic-related gains and subsequent drop did not identify any false statements of material fact.
-
May 08, 2026
SANTA ANA, Calif. — A federal judge in California denied a semiconductor company’s motion to dismiss investors’ putative class action against the company and two of its executives for allegedly providing misleading statements about a decrease in the supply of computer components the company provided to Apple Inc., finding the investors plausibly allege material omissions and scienter.
-
May 08, 2026
SAN JOSE, Calif. — A federal judge in California granted final approval to a $7.25 million settlement in a case brought by investors against a biopharmaceutical company, certain of its executives and board members for alleged misstatements the defendants made regarding the risks associated with the Phase 3 clinical trial of the company’s lead drug candidate, which led to the company’s stock being artificially inflated.
-
May 07, 2026
BOSTON — BJ’s Wholesale Club Holdings Inc. and a pension fund filed a stipulation and proposed dismissal order on May 6 to end the fund’s suit against BJ’s for violations of federal securities law after the fund’s stockholder proposal was included in the company’s 2026 proxy materials as required by a federal judge in Massachusetts.
-
May 05, 2026
BOSTON — The First Circuit U.S. Court of Appeals denied a petition for rehearing filed by an employee of a securities firm asking the court to reconsider its decision finding that a lower court did not abuse its discretion in ordering disgorgement and civil penalties against them in an enforcement action brought by the Securities and Exchange Commission for their involvement in a long-running pump-and-dump scheme.