Securities

  • November 04, 2026

    Investors Say Internet Letter Should Support Ill. Fraud Claims

    A securities short seller that ditched fraud claims over a letter it allegedly posted online to manipulate a stock's value urged the Seventh Circuit on Wednesday to leave its dismissal win intact, saying reversal could invite a "slippery slope" of future plaintiffs satisfying venue requirements with even less sufficient claims.

  • November 04, 2026

    Fintechs Prepare For Blue Wave's Flood Of Investigations

    Democrats rode Tuesday night's blue wave to take control of both chambers of Congress, scuttling the legislative hopes of a crypto industry that's now battening down the hatches for a flood of investigations into its ties to the Trump administration, consumer protection and financial crime.

  • November 04, 2026

    OCC Maps Out How Its Examiners Will Review Banks' AI Use

    The use of artificial intelligence at banks to conduct payments, decide loan applications or perform other high-stakes activities autonomously could face closer examiner scrutiny under a new supervisory framework issued Wednesday by the Office of the Comptroller of the Currency.

  • November 04, 2026

    Colo. Says Radiologist's AI Fund Was A Ponzi-Like Scheme

    Colorado's securities commissioner accused a Lakewood radiologist and his investment company of fraudulently raising about $5.2 million from 14 investors, including his parents and brothers, by touting an artificial intelligence trading program that was in fact an untested work in progress that lost money nearly every month.

  • November 04, 2026

    Meta Share Plan Fight Gets January Injunction Hearing

    The Delaware Chancery Court ruled Wednesday that stockholders challenging Meta Platforms Inc.'s plan to create nonvoting shares will get a preliminary injunction hearing in early January, rejecting the company's push for a full trial before the transaction takes effect Jan. 19, 2027.

  • November 04, 2026

    Judge Says CFTC Likely Overstepped On Stock Perpetuals

    A New York federal judge said the U.S. Commodity Futures Trading Commission likely exceeded its authority when it signed off on the trading of perpetual contracts tied to individual stocks, but stopped short of hitting it with a temporary restraining order in a suit brought by a special interest organization backed by Cboe Global Markets Inc.

  • November 04, 2026

    Walgreens Seeks Sanctions In Investors' Pharma Growth Suit

    Walgreens has asked an Illinois federal judge to sanction investors and their attorneys in a securities fraud class action, arguing they continued to falsely attribute statements about the company's plans to open hundreds of clinics to a former executive even after a recording showed his statement was taken out of context.

  • November 04, 2026

    4 Argument Sessions For Benefits Attys To Watch In Nov.

    JPMorgan Chase & Co. will defend its win in a 401(k) forfeiture suit at the Ninth Circuit, Aetna will ask the Second Circuit to push a multiemployer health plan's suit into arbitration, and the Tenth Circuit hears from pharmacy benefit managers who want an opioid nuisance battle moved to federal court. Here, Law360 looks at four arguments that benefits attorneys may want to keep an eye on in November.

  • November 04, 2026

    1st Circ. Sees Mass. Promise To Robinhood As 'Cold Comfort'

    First Circuit judges on Wednesday appeared sympathetic to Robinhood's bid to have a federal court determine if Massachusetts can regulate prediction markets, with two judges calling the state's temporary promise not to sue the fintech platform "cold comfort." 

  • November 04, 2026

    9th Circ. Won't Rehear Kalshi's Nevada Sports Betting Fight

    The Ninth Circuit on Wednesday rejected Kalshi's request to rehear its dispute with the state of Nevada, following a panel decision that cleared the way for the state's gaming regulators to pursue the prediction market platform over its sports event contracts.

  • November 04, 2026

    SEC Classifies More Funds, Advisers As 'Small Entities'

    The U.S. Securities and Exchange Commission on Wednesday adopted regulations that designate more mutual funds and investment advisers as small entities in order to "eliminate unnecessary regulatory burdens," SEC Chairman Paul Atkins said.

  • November 04, 2026

    Lender Says Del. Court Wrongly Voided $20M Loan Liens

    A lender urged the Delaware Supreme Court on Wednesday to revive its claim to $20.4 million in security interests tied to loans to collapsed technology company Bitwise Industries, saying a contract protected it even if the company's executives lacked authority to pledge real estate as collateral.

  • November 04, 2026

    Krispy Kreme Brass Face Another Suit Over McDonald's Deal

    More Krispy Kreme shareholders have filed suit in North Carolina federal court against current and former executives over alleged misrepresentations of the doughnut company's aborted rollout of a partnership with McDonald's.

  • November 03, 2026

    Justin Sun Says Trump-Tied Crypto Firm Deserves Sanctions

    Billionaire Justin Sun urged a California federal judge to sanction World Liberty Financial in litigation over his $45 million investment in the Trump-tied crypto firm, saying the company cost him hundreds of thousands of dollars when it "violated one of the most basic requirements" of the court.

  • November 03, 2026

    States, Others Back Argentina Sovereign Immunity Challenge

    Fourteen states, a U.S. senator from Missouri and others are urging the U.S. Supreme Court to reverse a Second Circuit decision overturning a New York judge's $16 billion judgment against Argentina in a case that arose from its nationalization of YPF SA, the country's largest oil and gas exploration company.

  • November 03, 2026

    Block Seeks $764M Deal To End DOJ Cash App Fraud Probe

    Jack Dorsey's Block Inc. revealed in an investor filing Tuesday it has reached a tentative deal to resolve a U.S. Department of Justice investigation into claims that it ignored fraud on its Cash App, outlining terms that include a deferred prosecution agreement and payment of more than $760 million.

  • November 03, 2026

    Blood Vessel Maker Strikes $9M Deal To End Investor Action

    Biotechnology company Humacyte Inc. and a proposed class of investors have reached a $9 million deal to end claims that the company failed to disclose quality assurance issues at its manufacturing facilities that allegedly delayed regulatory review for its bioengineered blood vessel product candidate, leading to stock price declines.

  • November 03, 2026

    Asia-Based Accountants Say PCAOB Overstepped Authority

    The Public Company Accounting Oversight Board has violated limits Congress placed on it by requiring three accountants to fly to Washington, D.C., on their own dime from their Southeast Asia homes to comply with certain board demands or face sanctions, according to a lawsuit filed Tuesday in D.C. federal court.

  • November 03, 2026

    2nd Circ. Denies Kalshi, Coinbase Enforcement Shields

    A Second Circuit panel on Tuesday rebuffed separate bids by Kalshi and Coinbase to temporarily shield their sports contracts from New York and Connecticut gambling regulators after the judges appeared unconvinced by the platforms' attempts to draw lines between sports event contracts and sports bets.

  • November 03, 2026

    Colo. Company Accused Of Improperly Collecting Legal Fees

    A Colorado company that purports to get customer disputes expunged from Financial Industry Regulatory Authority unlawfully collects legal fees for its services while claiming not to be a law firm, an Illinois financial adviser said in Colorado state court Friday.

  • November 03, 2026

    Rivian Brass Reaches Deal To End Post-IPO Price Hike Suit

    Rivian Automotive Inc. executives and the company's investors Tuesday filed a notice telling a California federal court they reached a settlement to end derivative claims Rivian hid the true price of manufacturing its electric vehicles ahead of its initial public offering.

  • November 03, 2026

    SEC Says Guilty Plea Proves CEO's Stock Fraud Scheme

    A Seattle federal court should find that a former cannabis company CEO committed securities fraud, the U.S. Securities and Exchange Commission said, arguing his guilty plea and criminal conviction for pump-and-dump schemes and lying to investors should settle the matter.

  • November 03, 2026

    Chancery Ends Icahn Suit Over Illumina's $8B Grail Deal

    The Delaware Chancery Court has approved the dismissal of a lawsuit brought by affiliates of activist investor Carl Icahn against Illumina Inc.'s former directors over the biotechnology company's $8 billion acquisition of Grail Inc., ending the case under a settlement that does not bind other stockholders.

  • November 03, 2026

    PCAOB Floats Change That Could Aid Semiannual Reporting

    The Public Company Accounting Oversight Board Tuesday proposed a rule change that could make it easier for companies to raise capital should they decide to switch to a semiannual reporting schedule.

  • November 03, 2026

    CFTC Sued As It Allows Single-Stock Perp Contracts Trading

    The U.S. Commodity Futures Trading Commission on Tuesday signed off on the trading of perpetual contracts tied to individual stocks and was almost immediately sued by a special interest organization backed by Cboe Global Markets Inc. and others accusing the agency of putting investors at risk.

Expert Analysis

  • How Groq-Nvidia Suit Tests Venture Capital Exit Math

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    A recent Delaware Court of Chancery suit concerning Nvidia's acquihire of certain Groq employees highlights that when such deals are challenged, the economic dispute turns on reconciling technology, people, cash and continuing ownership rather than on the headline number, says Ben Dubin at VC Expert Services.

  • Opinion

    The Invisible AI Danger That May Undermine Legal Profession

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    A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries, but the bigger risk underlying attorneys’ use of such tools is that they will slowly surrender their judgment to AI and lose analytical skills, says Massachusetts District Court Associate Justice Brian Palmucci.

  • SEC's 'Innovation Exemption' Isn't A Substitute For Legislation

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    The U.S. Securities and Exchange Commission's recently announced innovation exemption, allowing trading in certain tokenized securities on permissioned on-chain trading platforms, is a temporary and conditional solution for a specific market model, not a general exemption for on-chain securities trading, says Niels Lemmers at Flow Traders.

  • FINRA Disputes Highlight Timeliness In Arbitrator Bias Claims

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    Recent Financial Industry Regulatory Authority litigation over arbitrator neutrality shows that the strength of challenges depends not only on what counsel discovers, but also on how early it is uncovered and how concretely it can be demonstrated, says Dax White at White Law.

  • Opinion

    A Capital Markets Agenda For The New Congress

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    When the 120th Congress convenes in January, it should place capital markets issues near the top of its to-do list, with a focus on legislation that can make the public company model more competitive, says David Kaufman at Thompson Coburn.

  • FinCEN Scam Alerts Push Banks To Rethink AML Monitoring

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    Recent Financial Crimes Enforcement Network guidance on digital asset scams suggests that future anti-money laundering examinations may focus less on whether institutions detect the movement of criminal proceeds and more on whether they can identify fraud schemes before victims suffer catastrophic losses, say attorneys at Ballard Spahr.

  • How AI Could Help Judges Spot Their Own Biases

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    In close cases where there’s room for discretion, artificial intelligence could challenge judges’ implicit biases by running counterfactual tests at scale — but any judicial use of such tools would need guardrails, say Arnold Peter at Peter Law and Nancy Rapoport at University of Nevada.

  • Assessing Hidden Risk Of Administrative Agency Settlements

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    Though administrative resolutions of U.S. Securities and Exchange Commission investigations may seem preferable to settled federal court actions, the possibility that private plaintiffs may use commission orders in follow-on litigation poses an extra risk, increasing the importance of negotiating the settlement's form and language, say attorneys at Debevoise.

  • Tracking Texas: When Counterclaims Start The Removal Clock

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    The Texas Business Court's recent decision in Bakery v. Naterra International clarifies that, when the original claims do not meet the court's amount-in-controversy threshold, a presuit threat to bring high-value counterclaims does not itself make those unfiled claims part of the action, say attorneys at Greenberg Traurig.

  • Parsing The Lowest SEC Enforcement Stats In Over A Decade

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    Statistics show that the U.S. Securities and Exchange Commission brought a historically low number of enforcement actions during Paul Atkins' first full fiscal year as chairman, delivering on his promise to reduce enforcement in program areas focused on recordkeeping and other technical violations, say attorneys at Covington.

  • Bid Protest Spotlight: Bait-And-Switch, Scope, Performance

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    In this month's bid protest roundup, Michael Ols at MoFo offers takeaways from recent decisions examining bait-and-switch protest claims, the scope of a contractor teaming agreement and the use of an affiliate’s past performance.

  • Coinbase Ruling Showcases A Texas Reincorporation Benefit

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    The Texas Business Court's recent decision in Guillaume v. Armstrong, finding that a shareholder's claims against Coinbase, originally incorporated in Delaware, are nonetheless subject to Texas presuit demand law if made after reincorporation, provides a procedural advantage for companies that have made the move, say attorneys at Cleary.

  • How '21 IPO Class Can Prep For 'Emerging Growth Co.' Sunset

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    Five years after the initial public offering boom of 2020 and 2021 brought an unusually large number of companies into the U.S. public markets, many are set to lose their status as "emerging growth companies," so they should use the next two months to build a coordinated transition plan, say attorneys at Clark Hill.

  • Midterm Elections Outlook For Financial Services

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    A change in congressional control after the upcoming midterm elections could bring about slower regulatory approvals, intensified oversight and shifting enforcement priorities for the financial services industry, say attorneys at Covington.

  • New Manhattan DA Task Force Puts Antitrust In Its Crosshairs

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    The Manhattan District Attorney's Office's new corporate crime and antitrust task force is adding local criminal enforcement to a field long led by federal authorities, meaning companies need to account for potential parallel federal and state antitrust investigations when responding to misconduct, say attorneys at Ropes & Gray.

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