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Securities
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February 24, 2026
6th Circ. Affirms Dismissal Of Sotera Toxic Gas Investor Suit
The Sixth Circuit on Tuesday affirmed a lower court's dismissal of an investor lawsuit accusing Sotera Health Co. of concealing the carcinogenic nature of a gas used at its sterilization plants, finding Sotera did not make any actionable false or misleading statements to investors.
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February 24, 2026
Protective Gear Co. Misled On Tariffs, Acquisitions, Suit Says
Protective apparel company Lakeland Industries Inc. has been hit with an investor's proposed class action accusing it of damaging shareholders with misleading statements about the value of two companies it had acquired and the impact of tariffs.
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February 24, 2026
Denver Schools Face Racketeering, Mortgage-Scheme Suit
A group of parents with students in the Denver Public Schools system claimed in a complaint Tuesday that DPS has illegally been mortgaging numerous school district-owned properties for decades, which has created a "financial catastrophe" and "extraordinary debt situation" for the school district.
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February 24, 2026
Tether, Bitfinex Investors Win Cert. In Bitcoin Rigging Suit
A group of Tether and Bitfinex investors who acquired bitcoin or Ethereum scored class certification in their case accusing the digital asset companies of rigging the cryptocurrency market and costing them hundreds of billions of dollars, according to a sealed opinion issued Monday by a New York federal judge.
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February 24, 2026
Jack In The Box Sued Over 'Poison Pill' Blocking Investor
Activist investor Biglari Capital sued Jack In The Box Inc. and its board in Delaware Chancery Court, challenging their efforts to adopt a so-called poison pill that would block Biglari Capital from acquiring more than 12.5% of common stock in a hostile takeover.
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February 24, 2026
Software Co. Five9 Can't Shake Investor's Growth Slash Suit
Call center software company Five9 Inc. must face a proposed investor class action alleging it concealed struggles to meet its revenue guidance, hurting investors when trading prices fell in 2024 after it abruptly slashed its financial projections for the year.
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February 24, 2026
Justices Urged To Restore 'Critical Limits' To SEC Sanction
The U.S. Supreme Court should make it clear that the U.S. Securities and Exchange Commission cannot seek disgorgement from wrongdoers without first identifying victims who have suffered financial harm, the justices heard as briefing got underway in a case that could curb the agency's ability to collect money from alleged fraudsters.
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February 24, 2026
SEC Lays Out New Enforcement Vision In Revised Guidelines
The U.S. Securities and Exchange Commission on Tuesday updated its enforcement manual for the first time in eight years, saying that the changes were part of an effort to build a fairer and more transparent investigative process.
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February 24, 2026
Feds' White Collar Crime Enforcement 'Retreat' Raises Alarms
Money laundering-related fines and tax fraud investigations plummeted last year as President Donald Trump shifted federal agents away from combating financial crime to focus on the immigration crackdown, according to recent reports that have raised alarms among experts about the state of white collar enforcement in the U.S.
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February 24, 2026
Terraform Says Jane Street 'Insider Trading' Led To Ch. 11
The administrator for bankrupt cryptocurrency company Terraform Labs has sued trading firm Jane Street in New York federal court over what Terraform says was an insider trading scheme to "front-run trading that hastened the collapse of Terraform."
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February 24, 2026
Banking Groups Say Reg Tweaks Would Bolster Home Loans
A coalition of banking trade groups and related entities urged federal regulators to adopt revisions to bank capital requirements, including adopting a more granular approach to residential mortgage loan risk weighting, to encourage banks' reentry into mortgage lending.
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February 24, 2026
WisdomTree Gets SEC Nod For 24/7 Trading Of Digital Fund
The U.S. Securities and Exchange Commission gave WisdomTree the green light to offer round-the-clock trading and settlement for its tokenized money market fund offering in a first-of-its-kind approval, according to the financial product issuer's Tuesday announcement.
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February 24, 2026
SEC's Crypto Task Force Taps Chainlink Atty As Chief Counsel
The U.S. Securities and Exchange Commission has brought on the former deputy general counsel of blockchain app development platform Chainlink to lead the agency's Crypto Task Force after its previous chief, Michael Selig, left to lead the U.S. Commodity Futures Trading Commission.
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February 24, 2026
Securities Group Of The Year: Weil
Weil Gotshal & Manges LLP's attorneys secured a win for chipmaker Silicon Motion Technology Corp. in a securities fraud class action over a busted $3.8 billion merger, earning it a spot among the 2025 Law360 Securities Practice Groups of the Year.
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February 24, 2026
Calif. Firm Says Texas Immunity Law Blocks $11M Fee Suit
A California law firm is urging an Austin federal judge to dismiss claims that it participated in unlawfully withholding $11 million in attorney fees from a Texas law firm that allegedly helped secure a nine-figure verdict against Walmart, arguing a Texas immunity law protects the Golden State firm from being held liable to non-clients.
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February 24, 2026
SEC Secures Judgment Against Athlete-Targeting Fraudster
The U.S. Securities and Exchange Commission has won a civil judgment against a Colorado man who pled guilty to defrauding investors, including professional athletes, out of more than $1.2 million, securing an additional $438,000 for the government.
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February 24, 2026
Wells Fargo Denies Involvement In Alleged Fla. EB-5 Fraud
Wells Fargo urged a Florida federal court to dismiss it from a proposed class action from EB-5 investors who say the bank facilitated a fraudulent real estate project in Orlando, Florida, arguing the complaint is an untimely "misguided attempt to saddle Wells Fargo with liability."
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February 23, 2026
Zynex Faces Securities Suit Following Arrest Of Former Execs
After being arrested last month on charges of securities fraud and conspiracy, the former CEO and ex-chief compliance officer of bankrupt medical device maker Zynex have been hit with a securities class action that alleges they and others caused the company to engage in fraudulent billing practices that inflated its stock price and led to investor losses once the truth came to light.
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February 23, 2026
Corcept Mischaracterized Drug Approval Odds, Investor Says
Pharmaceutical company Corcept Therapeutics Inc. faces a proposed investor class action alleging it overstated approval prospects for a Cushing's syndrome drug candidate, hurting investors when its trading prices halved after it disclosed the U.S. Food and Drug Administration wouldn't accept the approval bid.
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February 23, 2026
Court Rejects $5.8M Fee Bid In Puerto Rico Funds Case
A Puerto Rico federal judge denied an investment firm's bid for $5.8 million in attorney fees after the firm brought successful countersuit claims against investors, finding that the commonwealth's corporations law, which governs the case, prohibits legal fees absent a finding of obstinacy.
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February 23, 2026
FINRA Eyes Looser Broker Communication Rules
The Financial Industry Regulatory Authority has proposed allowing broker-dealers to provide the public with information about the projected financial performance of a security or securities portfolio, revisiting a rulemaking initiative that has sat stale for the past two years.
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February 23, 2026
7th Circ. Orders Deeper Probe Of $13M Fraudster's Severance
A "highly suspect" severance payment a home building company made to a $13.7 million trading fraudster who also stole from the business should be further examined before a district court determines whether the payment violated a pending asset citation order, the Seventh Circuit said Monday.
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February 23, 2026
Bernstein Litowitz To Lead Fortinet Investors' Suit
Bernstein Litowitz Berger & Grossmann LLP will lead a consolidated securities suit accusing cybersecurity company Fortinet of overstating an expected revenue boost related to customer software upgrades.
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February 23, 2026
SEC Says PPE Distributor Fabricated Pandemic-Era Deal
The U.S. Securities and Exchange Commission filed a suit Monday accusing the CEO and consultant of a consumer goods company of artificially inflating the company's share price by nearly 200% by disseminating a false press release touting $10 million in orders for health supplies at the beginning of the COVID-19 pandemic.
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February 23, 2026
Crypto.com Says OCC Gave Initial OK To Trust Charter Bid
Crypto.com announced Monday that it's the latest crypto-focused firm to receive a conditional approval for a national trust charter from the Office of the Comptroller of the Currency, clearing the way for its Crypto.com National Trust Bank to offer expanded crypto custody services and trade settlement.
Expert Analysis
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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Series
The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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How Bank-Fintech Partnerships Changed In 2025
The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.
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2 Early Settlement Alternatives In Federal Securities Litigation
Most class actions brought under the federal securities laws are either settled or won by the defendants following a motion to dismiss, but two alternative strategies have the potential to lower discovery costs and allow defendants to obtain judgment without the uncertainty of jury trials on complex matters, says Richard Zelichov at DLA Piper.
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright
The recent denial of a challenge to invalidate 2024 amendments to the U.S. Securities and Exchange Commission's tick size and fee-cap rules reinforces the D.C. Circuit's deference to SEC expertise in market structure regulation, even after Loper Bright, though implementation of the rules remains uncertain, say attorneys at Sidley.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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Class Actions At The Circuit Courts: December Lessons
In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses recent rulings and identifies practice tips from cases involving securities, takings, automobile insurance, and wage and hour claims.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.
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Why Digital Asset Treasuries Are Drawing Regulator Concerns
Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.
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SEC Penalties Trended Down In FY 2025, Offering 2026 Clues
The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.
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Series
Law School's Missed Lessons: Practicing Client-Led Litigation
New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.
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A Close Look At The Evolving Interval Fund Space
Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.
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A Primer On NYDFS' 3rd-Party Cybersecurity Guidance
The New York Department of Financial Services' recently released comprehensive guidance for registrants on managing cybersecurity risks associated with third-party service providers illustrates why proactive engagement by senior leadership, robust due diligence, strong contractual protections and ongoing oversight are essential to mitigating growing risks, say attorneys at McGuireWoods.
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9th Circ. Robinhood Ruling May Alter Intraquarter Disclosures
By aligning with the Second Circuit and rejecting the First Circuit's extreme-departure standard, the Ninth Circuit recently signaled in its decision to revive a putative securities class action against Robinhood a renewed emphasis on transparency when known trends that can be considered material arise between quarterly reports, say attorneys at MoFo.