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Securities
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February 05, 2026
Billionaire Lewis' Pilots Ink SEC Deals Over Insider Trading
Two private-jet pilots for British billionaire Joseph Lewis have agreed to pay the U.S. Securities and Exchange Commission a total of more than $233,300, resolving the regulators' civil claims accusing them of trading on confidential information, according to filings in New York federal court.
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February 05, 2026
NYAG's Insider Trading Case A Power Grab, Judge Told
The former CEO of healthcare contractor Emergent BioSolutions Inc. has removed to federal court New York Attorney General Letitia James' insider trading case against him, alleging James is trying to expand her office's power through claims that concern questions of federal law.
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February 05, 2026
Bessent Knocks 'Nihilist' Crypto Critics Of Market Reg. Bill
U.S. Department of the Treasury Secretary Scott Bessent on Thursday defended Republican-backed legislation to regulate crypto markets as critical to the future of digital assets in the U.S., telling senators that industry players who are holding out "should move to El Salvador."
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February 05, 2026
SEC Data Contractor To Pay $1.5M Over Faked Audit Cert.
The CEO of a data infrastructure company that contracted with the U.S. Securities and Exchange Commission has agreed to pay $1.5 million as part of a pretrial diversion agreement to resolve charges that he fraudulently claimed his business was certified for high-level reliability and security.
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February 05, 2026
Coal Exec's Bribery Trial Aligns With New FCPA Priorities
Former Corsa Coal executive Charles Hunter Hobson is scheduled to go on trial Monday on charges of violating the Foreign Corrupt Practices Act, and attorneys told Law360 that the case reflects the Trump administration's changed priorities for foreign bribery prosecutions.
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February 05, 2026
Kalshi Taps White & Case Alum As Enforcement Head
Kalshi announced Thursday that it has selected a former White & Case LLP associate to serve as its head of enforcement, as the prediction market expands its market surveillance and enforcement framework.
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February 05, 2026
Cano Health CEO Accused Of Misleading $30M Share Buyer
The former chief operating officer of Cano Health Inc. told a Florida state court that ex-CEO Marlow Hernandez misled him into buying $30 million worth of shares in the company despite knowing it was on the brink of insolvency.
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February 05, 2026
BlackRock Arm Faces Investor Suit Over Lending Losses
A BlackRock subsidiary that finances middle-market companies is facing a proposed class action in California federal court accusing it of failing to warn investors about the ballooning number of portfolio companies struggling to pay back their loans.
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February 05, 2026
E.L.F. Beauty Must Face Investors' Excess Inventory Claims
Cosmetics giant e.l.f. Beauty must face an investor suit accusing the company and its executives of hiding growing inventory issues stemming from inadequate sales, a California federal judge has ruled.
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February 05, 2026
Generator Co. Beats Investors' Post-COVID Demand Woes Suit
Generator-maker Generac Holdings Inc. no longer faces proposed investor class action claims it concealed struggles to rightsize its production and inventory levels following pandemic-linked fluctuations, a Wisconsin federal judge has determined after finding the suit didn't show intentional misrepresentations.
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February 05, 2026
Tyson Won't Have To Hand Over Poultry Welfare Records
The Delaware Chancery Court on Thursday recommended against greenlighting a Tyson Foods Inc. stockholder's effort to obtain wide-ranging internal records about poultry welfare and labor practices, concluding the plaintiff failed to show a credible basis to suspect corporate wrongdoing that would justify further inspection.
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February 05, 2026
Crypto Lender Nexo Can't Exit Suit Over Liquidated Loans
Crypto lender Nexo Capital Inc. must face a customer's suit accusing the firm of misleading him about fees and causing him millions of dollars in losses through forced liquidations of his crypto assets, a California magistrate judge determined, saying that several of the plaintiff's claims have been sufficiently asserted in the pleading stage.
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February 05, 2026
SDNY Chief Says Office Has Eye On Prediction Markets
The Southern District of New York's top prosecutor said Thursday that his office is thinking about how the current laws apply to prediction markets, and said that he expects fraud cases to be brought against those taking advantage of those markets.
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February 05, 2026
Semtech Hid Copper Tech Product Setbacks, Investors Say
Two Semtech Corp. investors have filed amended claims against the company's top brass in a shareholder derivative suit in California federal court, alleging the executives misled investors ahead of Semtech's secondary public offering and overhyped demand for the company's active copper cable technology that was supposed to be used by chipmaker Nvidia.
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February 05, 2026
Former CFPB Counsel Joins McDermott In DC
An attorney who spent more than 15 years working at federal agencies has recently left the public sector to return to private practice, joining McDermott Will & Schulte in Washington, D.C.
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February 05, 2026
Trump Admin Finalizes Rule Facilitating Federal Worker Firings
The Trump administration Thursday announced a final rule to create a new category of federal workers who would have fewer job protections and be easier to fire, implementing an executive order from early last year that could affect 50,000 employees at federal agencies.
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February 04, 2026
Albright Axes Texas' Anti-ESG Law As Unconstitutional
Texas' law restricting state investments with financial firms and businesses that want to reduce their reliance on fossil fuels is both "overbroad and unconstitutionally vague," a federal judge has ruled, handing a sustainability-focused business group a summary judgment victory.
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February 04, 2026
NBA Star Tells Of Fury Over Ex-Morgan Stanley Pal's Fraud
A former Houston Rockets player on Wednesday testified that he and his former Morgan Stanley investment adviser were the best of friends before he learned of what prosecutors say was a scheme to bilk NBA clients for millions of dollars, and taunted his former financial guru in anger after learning of his arrest.
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February 04, 2026
9th Circ. Reopens Funko Investors' Securities Class Action
A Ninth Circuit panel Wednesday revived a proposed securities class action against toy-maker Funko Inc. and two former executives, ruling that shareholders sufficiently alleged that some company statements about its handling of millions of dollars of dead inventory were false and misleading.
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February 04, 2026
Class Attys In Del. Northwest Biotherapeutics Praise Deal
Delaware Chancery Court has lined up a March 16 settlement hearing for a four-year stockholder lawsuit alleging insiders of Northwest Biotherapeutics Inc. received $40 million in stock awards, with proposals including a call for the company to forfeit nearly 22.9 million stock options and it receiving $2.25 million.
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February 04, 2026
Oracle Oversold AI Infrastructure Spending, Investor Says
An Oracle Corp. shareholder has accused the company in Delaware federal court of overly promising that its increased spending on artificial intelligence infrastructure would accelerate revenue growth despite concerns about its increasing contractual reliance on OpenAI, saying OpenAI itself is beholden to "AI tailwinds continuing and its models being a market leader."
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February 04, 2026
Coinbase Sues Nev. To Block 'Unlicensed Wagering' Action
Coinbase on Wednesday sued Nevada's casino regulator, seeking to block the Silver State's bid to halt the crypto exchange's alleged offering of "unlicensed wagering" to state residents through event contracts on sports and elections until it obtains a state gaming license.
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February 04, 2026
SEC Cases May Rise After 'Unprecedented' 2025, Attys Say
Following an "unprecedented" year in which the U.S. Securities and Exchange Commission dismissed the bulk of its crypto docket and filed few new lawsuits, former SEC staff members said Wednesday that there are signs that enforcement actions could begin to ramp up this year.
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February 04, 2026
Under Armour Wants 4th Circ. To Review $100M Coverage Cap
Under Armour asked the Fourth Circuit to review a recent ruling that capped its coverage for a securities class action, government investigations and derivative matters at $100 million, saying the panel overlooked the significance of an endorsement that essentially settled a dispute over when certain claims were made.
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February 04, 2026
CFTC Withdraws Proposal To Ban Sports, Election Contracts
U.S. Commodity Futures Trading Chair Michael Selig on Wednesday withdrew a 2024 proposed rule that would have banned trading on the outcome of elections and sporting events, saying the agency will instead float a new rule that promotes "innovation" in derivatives markets.
Expert Analysis
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US-German M&A Hits Its Stride Despite Economic Headwinds
Against expectations, dealmakers in both the U.S. and Germany are actively seeking investment opportunities in each other's markets, with 2025 shaping up to be the strongest year in recent memory, say attorneys at White & Case.
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Enter The Wu-Tang Ruling That May Change Trade Secret Law
A New York federal court's recent holding that a Wu-Tang Clan album qualifies as a trade secret provides the first federal framework for analyzing trade secret claims involving assets valued primarily for exclusivity, potentially reshaping Defend Trade Secrets Act jurisprudence for the digital economy, says Jason Bradford at Jenner & Block.
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How Financial Cos. Can Prep As NYDFS Cyber Changes Loom
Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury.
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Opinion
Ending Quarterly Reporting Would Erode Investor Protection
President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti.
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Series
Adapting To Private Practice: 3 Tips On Finding The Right Job
After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.
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A Look At Project Crypto's Plans For Digital Asset Regulation
U.S. Securities and Exchange Commission Chairman Paul Atkins' recent announcement of Project Crypto, an agencywide initiative to modernize federal securities regulations, signals a significant shift toward a more flexible regulatory framework that would shape the future of the U.S. digital asset market, say attorneys at WilmerHale.
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Series
Painting Makes Me A Better Lawyer
Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.
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3 Trends From AI-Related Securities Class Action Dismissals
A review of recently dismissed securities class actions centering on artificial intelligence highlights courts' scrutiny of statements about AI's capabilities and independence, and sustained focus on issues that aren't AI-specific, say attorneys at Alston & Bird.
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CFTC, SEC Joint Statement Highlights New Unity On Crypto
The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission's recent joint statement announcing a cross-agency initiative enabling certain spot crypto-asset products to trade on regulated exchanges is the earliest and most visible instance of interagency cooperation on crypto regulation, say attorneys at Morgan Lewis.
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Regulatory Uncertainties Loom As Fed Ends Crypto Oversight
The Federal Reserve Bank's recently ended crypto supervisory program headlines other recent federal actions from Congress, the White House and relevant agencies that may complicate financial institutions' digital-asset use and attendant compliance strategies, say attorneys at Buchalter.
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Opinion
SEC Arbitration Shift Is At Odds With Fraud Deterrence
The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller.
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Better Crypto Insurance Is Attainable Amid Regulatory Shifts
With regulatory clarity improving and insurance carriers taking an increasingly constructive approach, crypto industry participants can improve their insurance coverage and pricing if finance, legal and compliance teams take specific steps, say Walker Newell and Jacob Sawyer at Woodruff-Sawyer.
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Protecting Sensitive Court Filings After Recent Cyber Breach
In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.
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Series
NC Banking Brief: All The Notable Legal Updates In Q3
There were several impactful changes to the financial services landscape in North Carolina in the third quarter of the year, including statutory updates, enforcement developments from Office of the Commissioner of Banks, and notable mergers, acquisitions and branch expansions, say attorneys at Moore & Van Allen.
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Despite Fraud Focus, SEC Still Targeting Technical Violations
The U.S. Securities and Exchange Commission under Chairman Paul Atkins has emphasized its back-to-basics strategy, focusing on identifying and combating fraud and manipulation, but at the same time, it has continued to pursue nonfraud-based actions targeting technical rule violations, a trend that will likely continue, say attorneys at Morgan Lewis.