Securities

  • February 11, 2026

    Paxful Sentenced To $4M Fine Over Compliance Failures

    A California federal judge sentenced now-shuttered crypto exchange Paxful Holdings Inc. to a $4 million penalty in line with a December 2025 plea agreement that saw the firm cop to anti-money laundering failures that enabled illicit transfers of criminal proceeds.

  • February 11, 2026

    JPMorgan Says Calif. City's Interest-Rate Swap Suit Is Barred

    JPMorgan Chase & Co. has sued in Manhattan federal court to block Richmond, California, from pursuing a new lawsuit of its own over past interest-rate swap transactions, alleging the city's case breaches a 2015 settlement by seeking millions of dollars for already-released claims.

  • February 11, 2026

    CEO Criticizes 'Crazy Lawyers' In $5M Financial Adviser Feud

    The chief executive officer of Prime Capital Investment Advisors LLC on Wednesday testified that he emailed a rival CEO during litigation to warn him that "crazy lawyers" could be burning millions of dollars to fight an unfair trade practices case Prime believed involved business worth $50,000 to $100,000.

  • February 11, 2026

    Del. Justices Grapple Over Truth Social Share Math

    An attorney for the firm that helped launch Donald Trump's social media company told Delaware's justices Wednesday that a vice chancellor erred in requiring the venture to "prove a negative" in calculations of investor stakes in the run-up to the venture's special purpose acquisition company transaction.

  • February 11, 2026

    Contracts On Aliens, Hugs Aren't Gambling, Kalshi Tells Judge

    The distinction between a futures contract and a wager could play a role in deciding whether Kalshi can offer certain sports-related transactions in Connecticut, a federal judge hinted Wednesday while hypothesizing about the legality of contracts on events like first contact with extraterrestrial life and world leaders greeting each other with a warm embrace.

  • February 11, 2026

    SEC's Atkins Says ESG Fund Names Rule Is Under Review

    U.S. Securities and Exchange Commission Chairman Paul Atkins told Congress on Wednesday that he has directed staff to review a Biden-era rule aimed at preventing false advertising by funds marketed to eco-conscious investors, though he didn't detail what specific changes were under consideration. 

  • February 11, 2026

    SEC Inks $150K Deal With Adviser In Cherry-Picking Case

    The U.S. Securities and Exchange Commission has inked an approximately $150,000 settlement with an investment adviser and his employer over the regulator's accusations of illegal cherry-picking, voluntarily dismissing a parallel suit against the pair months before a trial was set to get underway.

  • February 11, 2026

    Big Ten Athletes Back NCAA Campaign Against Prop Bets

    Student-athletes in the Big Ten Conference have urged the NCAA to keep fighting to curb prop betting across college athletics, saying it not only threatens the integrity of college sports, but also poses a safety risk.

  • February 11, 2026

    Bike Parts Co. Beats Investors' Demand Slump Suit For Good

    Bicycle parts maker Fox Factory Holding Corp. has beaten a proposed investor class action for good, a Georgia federal judge determined after finding that a revised version of the suit made "mostly cosmetic changes" to previously dismissed claims that the company hid a post-pandemic demand slump.

  • February 11, 2026

    Shkreli Can't Add Wu-Tang Members To Fight With Crypto Co.

    "Pharma Bro" Martin Shkreli can't drag two members of the Wu-Tang Clan hip-hop group into a suit brought by a crypto firm that claims Shkreli improperly retained copies of an album that it bought the rights to, a New York federal judge ruled on Wednesday.

  • February 11, 2026

    Crypto Scam Victims Can't Sue Signature Bank, 2nd Circ. Says

    The Second Circuit has upheld the dismissal of a suit by a cryptocurrency trading club against the Federal Deposit Insurance Corp., as receiver of the failed Signature Bank, alleging negligence by the bank led to the club being defrauded and losing much of the $33 million invested in it.

  • February 11, 2026

    Stitch Fix To Pay $32M To End Investors' Biz Line Suit

    Personal styling platform Stitch Fix Inc. and its shareholders have asked a California federal court to approve a $32 million settlement to resolve the investors' claims they were deceived about the impact of a new business line.

  • February 11, 2026

    CoreWeave Hit With 2 More Suits Over Data Center Delays

    CoreWeave Inc. was hit Tuesday with two more proposed shareholder class actions over alleged misleading statements on its capacity to handle consumer demand and data center construction delays.

  • February 11, 2026

    Pegasystems Settles Mass. Shareholder Actions For $7M

    Pegasystems has agreed to pay $7 million to settle three shareholder derivative suits in Massachusetts state and federal courts alleging the software company's top officials sat on details of a 2020 trade secrets suit that led to a now-overturned $2 billion verdict.

  • February 11, 2026

    Judge Tosses Patent Suit Over Decentralized Exchange Tech

    A New York federal judge has thrown out a lawsuit accusing the companies behind Uniswap of infringing patents for smart contract technology used in decentralized exchanges, finding the patent claims didn't pass the U.S. Supreme Court's Alice test.

  • February 11, 2026

    Chancery Rejects Coinbase Litigation Committee Sealing Bid

    The Delaware Chancery Court partially rejected an effort by cryptocurrency company Coinbase Global Inc.'s special litigation committee to keep large swaths of the record sealed in an insider trading derivative suit, emphasizing the public's strong right of access to judicial proceedings.

  • February 11, 2026

    CoStar Pay Plan Frustrates Proxy Fight, Del. Suit Claims

    A group of shareholders has hit CoStar Group with a lawsuit in Delaware Chancery Court alleging the company's board last month approved a severance payment plan to deter activist investors DE Shaw and Third Point from launching a proxy contest over criticism of its Homes.com and Apartments.com performance.

  • February 11, 2026

    Pot Investor Sues Attys Over Securities Suit Loss

    A cannabis company investor is suing his former attorneys in Washington state court, alleging he lost a Washington Securities Act suit because of their failure to object to the defendant's arguments and didn't tell him about his case's dismissal.

  • February 10, 2026

    7th Circ. Mulls Taking Sides In Arbitration Enforcement Split

    Seventh Circuit judges Tuesday debated a nationwide circuit split over who decides whether disputes belong in arbitration, seemingly leaning toward joining circuits that leave the question to courts instead of arbitrators.

  • February 10, 2026

    5th Circ. Says Bank Worker's ERISA Claims Can Be Arbitrated

    The Fifth Circuit on Tuesday held that a former employee at a Texas-based bank must arbitrate his proposed class claims accusing the bank of failing to invest retirement funds, reversing a lower court's finding that the arbitration clause didn't apply to him because it was added after his employment ended.

  • February 10, 2026

    7th Circ. Mulls Outcome Health Execs' $1B Fraud Convictions

    Seventh Circuit judges hearing former Outcome Health executives' challenge to a $1 billion fraud conviction seemed critical of the U.S. government's handling of the case on Tuesday as they questioned why its admitted asset over-restraint and introduction of certain grand jury statements should not require reversal.

  • February 10, 2026

    Audit Watchdog Says Anonymous Challenger Must Reveal ID

    The Public Company Accounting Oversight Board has told the D.C. Circuit that a man anonymously challenging the constitutionality of the audit watchdog should be required to identify himself, arguing that he has offered "almost nothing to substantiate his claimed need for privacy."

  • February 10, 2026

    From Prison, Bankman-Fried Requests New Trial

    FTX founder Sam Bankman-Fried requested a new trial in a pro se motion made public on Tuesday that accused Manhattan federal prosecutors of leveraging "intimidation and threats to scare off defense witnesses" who he claims could have cast doubt on the government's narrative about the misappropriation of funds and insolvency that left customers unable to withdraw their funds from the crypto exchange. 

  • February 10, 2026

    BlackRock Brass Face Derivative Suit Over Coal Investments

    Several officers and directors of BlackRock have been hit with a shareholder's derivative suit accusing them of damaging the asset manager's reputation by participating in a scheme to drive up coal prices, an issue at the center of an antitrust suit brought by a coalition of Republican-led states.

  • February 10, 2026

    HSBC Ignored $8M Pig Butchering Scam Warnings, Suit Says

    A retired anesthesiologist and his sons have sued HSBC's U.S. arm, accusing it of ignoring warning signs and allowing scammers to siphon more than $8 million from the elderly retiree's accounts through an international "romance pig butchering" fraud. 

Expert Analysis

  • Series

    Adapting To Private Practice: 3 Tips On Finding The Right Job

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    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.

  • A Look At Project Crypto's Plans For Digital Asset Regulation

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    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.

  • Series

    Painting Makes Me A Better Lawyer

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    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.

  • 3 Trends From AI-Related Securities Class Action Dismissals

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    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.

  • CFTC, SEC Joint Statement Highlights New Unity On Crypto

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    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.

  • Regulatory Uncertainties Loom As Fed Ends Crypto Oversight

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    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.

  • Opinion

    SEC Arbitration Shift Is At Odds With Fraud Deterrence

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    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.

  • Better Crypto Insurance Is Attainable Amid Regulatory Shifts

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    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.

  • Protecting Sensitive Court Filings After Recent Cyber Breach

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    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.

  • Series

    NC Banking Brief: All The Notable Legal Updates In Q3

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    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.

  • Despite Fraud Focus, SEC Still Targeting Technical Violations

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    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.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q3

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    Of note in the third quarter of the year, New York state regulators moved forward on their agendas to limit abuse of electronic banking, including via a settlement with stablecoin issuer Paxos and a lawsuit against Zelle alleging insufficient security measures, says Chris Bonner at Barclay Damon.

  • Gauging SEC Short-Sale Rules' Future After 5th Circ. Remand

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    Though the Fifth Circuit recently remanded to the U.S. Securities and Exchange Commission two Biden-era rules requiring disclosure of securities lending and short-sale activity in order to consider the rules' cumulative economic impact, it's possible they will get reproposed, meaning compliance timelines could change, says Scott Budlong at Barnes & Thornburg.

  • Series

    Judging Figure Skating Makes Me A Better Lawyer

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    Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    The third quarter of 2025 brought legislative changes to state money transmission certification requirements and securities law obligations, as well as high-profile accounting and anti-money laundering compliance enforcement actions by the Department of Financial Protection and Innovation, say attorneys at Ropes & Gray.

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