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Securities
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April 02, 2026
Suit Against Wash. Ponzi Operator Stayed Pending DOJ Probe
The former CEO of a real estate company accused of collecting $230 million by targeting Chinese investors will face an investigation by authorities before resolving a Washington federal lawsuit, which came after a bankruptcy judge called the venture a Ponzi scheme.
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April 02, 2026
CFTC Sues Ill., Conn., Ariz. Over Event Contract Enforcement
The U.S. Commodity Futures Trading Commission continued its bid to assert "exclusive jurisdiction" over prediction markets on Thursday with a trio of suits against Arizona, Connecticut and Illinois regulators over the states' attempts to shut down certain event contract trading as unregistered gambling.
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April 02, 2026
California Agency Wants SunPower Tax Issue Out Of Ch. 11
California's Department of Tax and Fee Administration has asked a Delaware bankruptcy judge to abstain from hearing a tax audit dispute in solar panel company SunPower's Chapter 11 case, saying the matter should be handled in a state administrative forum.
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April 02, 2026
Coinbase Gets OCC's Nod For National Trust Charter
Coinbase said Thursday that it has received the Office of the Comptroller of the Currency's conditional approval to charter a national trust bank, a move that would position the crypto giant to broaden its business offerings under federal oversight.
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April 02, 2026
Consumer Groups Back SEC In High Court Disgorgement Row
A slew of industry and legal groups have asked the U.S. Supreme Court to reject a challenge to the U.S. Securities and Exchange Commission's disgorgement powers, arguing in Wednesday amicus briefs that Congress explicitly empowered the regulator to seek disgorgement without showing investor harm.
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April 02, 2026
Ownership Limbo Spurs Stay Bid In $380M PetroSaudi Fight
A PetroSaudi unit has urged a California federal court to continue its stay in litigation by the U.S. government over a $380 million arbitral award purportedly tied to funds embezzled from Malaysia, saying company control remains in limbo in the Cayman Islands and Barbados.
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April 02, 2026
Texas Capital Bank Faces Stiff Questions At 5th Circ.
Texas Capital Bank faced tough questions from a Fifth Circuit panel in its bid to reverse a lower court's decision in favor of Ginnie Mae that extinguished TCB's lien on reverse mortgage assets, with one judge saying Thursday that the government has "the power under the statute."
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April 02, 2026
5th Circ. Rejects Stanford's Bid To Overturn $6.8B SEC Win
A Fifth Circuit panel affirmed a lower court judgment requiring convicted Ponzi schemer Robert Allen Stanford to fork over $6.76 billion to the U.S. Securities and Exchange Commission in its 16-year-old suit over Stanford's $7 billion fraud scheme, finding that he failed to properly raise many of his arguments during the summary judgment stage.
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April 02, 2026
SEC Claims Now-Deceased Investment Adviser Bilked Clients
The U.S. Securities and Exchange Commission filed suit Thursday against the estate of an investment adviser and his advisory firm, claiming they stole $1.7 million worth of client funds to pay for personal and business expenses.
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April 02, 2026
SEC's Musk Suit Presses Ahead As Settlement Talks Uncertain
The U.S. Securities and Exchange Commission is moving forward with a case accusing Elon Musk of failing to timely disclose his ownership stake in Twitter, with Musk telling a Washington, D.C., federal judge that the case may head to trial, just weeks after the parties told the judge they were negotiating a possible deal to end the case.
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April 02, 2026
BofA $72.5M Deal With Up To 75 Epstein Victims Clears Hurdle
A Manhattan federal judge gave preliminary approval Thursday to a settlement in which Bank of America will pay $72.5 million to as many as 75 women to settle allegations that it facilitated what the court called Jeffrey Epstein's "monstrous" sex trafficking and abuse.
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April 02, 2026
Del. Chancery Limits Kraft Heinz Suit To Director Claims
The Delaware Chancery Court on Thursday allowed stockholders suing The Kraft Heinz Co. to amend part of their complaint over a $1.2 billion stock sale, but sharply limited the case to newly uncovered evidence about a single director's consulting relationship.
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April 02, 2026
Musk, X Settle Former Twitter Workers' Severance Suit
X Corp. and Elon Musk have agreed to settle claims by a group of six former Twitter employees that they were falsely promised severance benefits in connection with Musk's acquisition of the social media company.
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April 01, 2026
Robinhood Sues Wash. To Protect Prediction Market Biz
Robinhood has launched a federal lawsuit seeking to shield itself from potential Washington state enforcement action over its prediction market offerings in the wake of Attorney General Nick Brown's Friday announcement that he's going after Kalshi for allegedly breaking Evergreen State gambling laws.
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April 01, 2026
Wheeling & Appealing: April's Most Notable Oral Arguments
April is the coolest month, at least for appellate aficionados, featuring numerous important arguments with famous litigants, including U.S. senators, delivery apps Grubhub and Uber Eats, impresario Sean "Diddy" Combs, prediction platforms Kalshi and Robinhood, and a political giant known as the Velvet Hammer.
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April 01, 2026
Evita Boss Admits To Russia-Linked Crypto Laundering Ruse
The founder of crypto payments firm Evita on Wednesday admitted to what prosecutors say was a scheme to launder over half a billion dollars in cross-border transactions through the U.S. financial system, including funds held by sanctioned Russian banks.
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April 01, 2026
Texas Judge Dismisses Southwest Holiday Outage Claims
A Texas federal judge dismissed claims brought by Southwest Airlines investors that the airline caused a disastrous 2022 holiday travel season with outdated technology and a unique flight route structure, but left room for the investors to refile.
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April 01, 2026
SpaceX Confidentially Files Plans For Blockbuster IPO
Elon Musk's SpaceX has reportedly filed confidential plans with the U.S. Securities and Exchange Commission for a blockbuster initial public offering that could value the private space exploration company at up to $1.75 trillion, setting up the highly anticipated IPO to be one of the largest ever.
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April 01, 2026
Twitter Investors Win Class Cert. In Elon Musk Fraud Suit
Investors in X, the social media platform formerly known as Twitter, have been granted class certification in litigation alleging tech billionaire Elon Musk secretly amassed a significant stake in the company while its stock traded at artificially depressed prices.
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April 01, 2026
Quantum Corp. Seeks Exit From Investor Fraud Suit
Data storage company Quantum Corp. asked a Colorado federal judge to throw out a proposed class action against it, claiming the investor did not show that the company or its executives acted with actual knowledge of the alleged securities fraud or deliberate recklessness.
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April 01, 2026
Boeing Must Face Trimmed 737 Max Securities Fraud Suit
An Illinois federal judge said equity funds alleging Boeing defrauded investors by downplaying the 737 Max jets' safety flaws can pursue claims related to certain statements made after two deadly crashes in 2018 and 2019, but not claims tied to a separate door-plug blowout in 2024.
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April 01, 2026
Nike Beats Bulk Of Investor Fraud Claims Over Biz Strategy
An Oregon federal judge has dismissed nearly all the claims in a securities class action against Nike over what investors say was a failed business strategy, finding that most of the suit's challenged statements are nonactionable corporate optimism, but she allowed one alleged misstatement about Nike's innovation pipeline to proceed.
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April 01, 2026
SEC Walks Away From Five Crypto Wash Trading Cases
The U.S. Securities and Exchange Commission has voluntarily dismissed cases against five defendants accused of manipulating the cryptocurrency markets through wash trading, telling a Massachusetts federal court it will not pursue monetary remedies against one convicted fraudster who had already consented to an agency settlement.
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April 01, 2026
Investment Adviser Firm To Pay Alleged Ponzi Victims $6.7M
A Georgia investment adviser firm will pay $6.7 million to what federal and state securities regulators allege are victims of a $140 million Ponzi scheme that preyed on elderly and right-leaning investors, Georgia's secretary of state said Wednesday, adding that a former employee used his position to recruit marks.
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April 01, 2026
Ex-FTX Chief Engineer Resolves CFTC Fraud Suit For $3.7M
The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.
Expert Analysis
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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4th Circ. D&O Ruling Shows Why Textual Policy Args Are Best
The Fourth Circuit's recent decision in favor of the insurer in Navigators Insurance v. Under Armour highlights how plain-text policy interpretation protects party autonomy and improves predictability to the benefit of both insurers and insureds, say attorneys at Zelle.
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Should Prediction Markets Allow Trading On Nonpublic Info?
Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Coinbase Ruling Outlines Litigation Committee Conflict Risks
The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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OCC Mortgage Escrow Rules Add Fuel To Preemption Debate
Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.
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When Tokenized Real-World Assets Collide With Real World
The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Opinion
Corporations Should Think Twice About Mandatory Arbitration
The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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Navigating New Risks Amid Altered Foreign Issuer Landscape
The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.
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Open Questions After Defense Contractor Executive Order
The scope and long-term effects of President Donald Trump’s executive order on the U.S. defense industrial base are uncertain, but the immediate impact is significant as it appears to direct the U.S. Department of Defense to take a more active role in contractor affairs, say attorneys at Morgan Lewis.
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Tips From Del. Decision Nixing Major Earnout Damages Award
The Delaware Supreme Court recently vacated in part the largest earnout-related damages award in Delaware history, making clear that the implied covenant of good faith and fair dealing cannot be used to rescue parties from drafting choices where the relevant regulatory risk was foreseeable at signing, say attorneys at Sullivan & Cromwell.