Securities

  • January 14, 2026

    Wells Fargo Brass Gets 1st OK For 'Fake' Diversity Suit Deal

    A California federal judge has granted the first green light to a settlement reached between Wells Fargo investors and executives in a derivative suit claiming the bank's leadership failed to address the company's discriminatory lending practices and engaged in "fake" interviews with diverse candidates.

  • January 14, 2026

    Swedbank Says DOJ Has Closed AML Probe Without Action

    Swedbank, one of the biggest banks serving Europe's Baltic region, said Wednesday that the U.S. Department of Justice has released it from a long-running anti-money-laundering-related investigation, removing another U.S. legal cloud hanging over the lender.

  • January 14, 2026

    SEC To Lean On Congress As Defense In High Court Case

    The U.S. Supreme Court is once again stepping into the debate over when the U.S. Securities and Exchange Commission can demand that alleged fraudsters give up ill-gotten gains, but this time the agency plans to argue a 2021 government spending bill should save it from further limits to its disgorgement powers.

  • January 14, 2026

    Senate Banking Committee Postpones Crypto Bill Markup

    The Senate Banking Committee on Wednesday night postponed a highly anticipated mark-up of a bill to regulate the cryptocurrency industry, hours after Coinbase CEO Brian Armstrong voiced his opposition to the latest draft, saying his firm would "rather have no bill than a bad bill."

  • January 14, 2026

    Oracle Sued By Pension Plan Over AI-Linked Debt Disclosures

    The Ohio Carpenters Pension Plan filed a proposed class action Wednesday in New York state court against Oracle, its founder Larry Ellison and other top brass, alleging the company failed to disclose that it would need to sell significant extra debt to fund its artificial intelligence buildout.

  • January 14, 2026

    Calif. Car Cos. Hit With $200M Chancery Fraud Suit

    Several California-based car companies, as well as their leader and current and former executives, orchestrated a fraudulent acquisition and asset transfer scheme designed to render a lucrative fuel trading contract worthless and shield a defense contractor from more than $200 million in liabilities, a lawsuit brought Wednesday in the Delaware Chancery Court says.

  • January 14, 2026

    Biotech Co. CytoDyn In Talks To End Investor Class Action

    A federal judge has given the green light for biotech company CytoDyn Inc. and its former leadership to move forward with a potential settlement of a proposed class action that accused the company of misleading shareholders over the alleged approval of its COVID-19 and HIV drug.

  • January 14, 2026

    'The Work Has Changed': How White Collar Attys Are Coping

    The Trump administration's dramatic policy enforcement changes over the past year, along with turmoil and turnover at the U.S. Department of Justice, has tilted the white-collar world on its axis, forcing lawyers and firms to abruptly shift focus and expand their practices, sometimes beyond traditional white-collar criminal defense matters.

  • January 14, 2026

    2nd Circ. Suspects Forum Shopping In Credit Suisse Suit

    Two Second Circuit judges Wednesday sounded inclined to uphold the dismissal of a breach of duty claim against Credit Suisse and others tied to its auditing firm, with one saying the decision to bring the stock-plunge case in New York "almost smacks of forum shopping."

  • January 14, 2026

    MoFo Taps Ex-FTX GC, Associate Counsel As Fintech Partners

    The former top lawyer and another former in-house counsel at imploded cryptocurrency exchange FTX have joined Morrison Foerster LLP as partners in its financial services and fintech industry groups, the firm announced on Wednesday.

  • January 14, 2026

    Pharma Co. Consultant Charged With Insider Trading

    A New Jersey man is facing securities fraud charges after using his access to drug trial results for a Boston-area pharmaceutical company to make nearly $500,000 in profits, federal prosecutors say.

  • January 14, 2026

    Alternative Asset 401(k) Investing Rule Sent To OMB

    The White House Office of Management and Budget is reviewing a proposed rule from the U.S. Department of Labor's employee benefits arm related to fiduciary duties involved with alternative asset investing in 401(k)s, marking the last hurdle before the regulations' release for public comment. 

  • January 14, 2026

    Crypto Network Cofounder Sued In Del. Over Looting Claims

    A shareholder and cofounder of cryptocurrency-associated cloud business Cerebellum Networks has sued another cofounder and associates in Delaware's Court of Chancery, claiming systematic diversion of some $58 million in "Cere" token assets through an alleged looting of corporate wallets via secret token dumps and other schemes.

  • January 13, 2026

    Sen. Crypto Bill Tees Up DeFi, Stablecoin Yield For Key Hearing

    The Senate Banking Committee's latest proposal to regulate crypto markets takes on issues like decentralized finance, stablecoin interest and customer protections not addressed in previous versions, but experts said the text is far from final and much is to be hammered out at a key hearing this week.

  • January 13, 2026

    CrowdStrike Beats Investor Fraud Suit Over 2024 Outage

    A Texas federal judge has tossed a shareholder suit against CrowdStrike Holdings Inc. over its massive 2024 outage that downed computers worldwide, finding the plaintiffs failed to adequately plead any misleading statements about steps the cybersecurity company was taking to prevent such a system crash.

  • January 13, 2026

    Old Glory Bank Plans Nasdaq Debut With SPAC Deal

    Old Glory Bank, a crypto-friendly lender led by several allies of President Donald Trump and former administration officials, announced Tuesday that it plans to merge with special purpose acquisition company Digital Asset Acquisition Corp. to create a Texas-based corporation named OGB Financial Co.

  • January 13, 2026

    KuCoin, Chainalysis Beat RICO Suit Over Hack Proceeds

    The cryptocurrency exchange KuCoin and its blockchain analysis contractor no longer face proposed class action claims they turned a blind eye to money laundering on the platform, though a Manhattan federal judge found one of the alleged hack victims could revise certain claims against KuCoin.

  • January 13, 2026

    SEC's Atkins Launches Review Of Corporate Disclosures Reg

    U.S. Securities and Exchange Commission Chair Paul Atkins said Tuesday he has directed the Division of Corporation Finance to review the agency's broad regulation covering what qualitative information public companies should disclose in regulatory filings.

  • January 13, 2026

    CoreWeave Hid Data Center Delays, Investors Say

    Artificial intelligence "hyperscaler" CoreWeave Inc. has been hit with a proposed shareholder class action accusing the company of misleading investors on its capacity to handle consumer demand and data center building delays following its initial public offering last year.

  • January 13, 2026

    DiDi, Investors Can Notify Class Of Proposed $740M Deal

    A proposed $740 million settlement between Chinese ride-hailing app DiDi and its investors has moved forward after a New York federal judge approved a notice to class members and scheduled a settlement hearing over the plan to resolve shareholder claims the company hid enterprise-threatening regulatory risks during its 2021 initial public offering.

  • January 13, 2026

    Oak Street Exec's Ex-Partner Must Forfeit $617K In Assets

    Federal authorities can delve into the assets of a man who made illegal insider trades of CVS stock based on information from his domestic partner so that they can recover $617,000 he agreed to forfeit as part of a plea deal, a Pennsylvania federal judge said Tuesday.

  • January 13, 2026

    Spencer Fane Atty's Advice Challenged In $5M Poaching Suit

    In a $5 million lawsuit over a Connecticut financial adviser's exit, Wealth Enhancement Group LLC on Tuesday challenged a Spencer Fane LLP partner's belief that regulatory and professional ethics rules require both advisers and their former investment firms to contact clients when advisers switch employers.

  • January 13, 2026

    Medical Device Co. Faces New Derivative Suit In Delaware

    A stockholder of digital health equipment business Butterfly Network Inc. launched a derivative suit in Delaware's Court of Chancery on Tuesday, seeking recovery for the company of "many millions" tied to allegedly misleading disclosures ahead of a special purpose acquisition company take-public merger in 2021.

  • January 13, 2026

    State Street Owes NC Investor $650K In Crypto Refund Suit

    A North Carolina federal judge ruled that investment management firm State Street Global Advisors wrongfully withheld $650,000 from an investor who transferred cryptocurrency to a digital wallet, awarding him damages for his unjust enrichment and conversion claims, but not fees for his attorneys.

  • January 13, 2026

    Chancery OKs $4.85M Deal To End Ed-Tech Acquisition Suit

    The Delaware Chancery Court signed off Tuesday on a $4.85 million class settlement resolving stockholder claims over Sterling Partners' 2024 take-private acquisition of Australian education-technology company Keypath Education International Inc., finding that the deal fell within a reasonable range given the risks the investors faced in continuing to litigate their fiduciary-duty claims.

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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