Securities

  • January 22, 2026

    Ga. Financial Firm CEO Cops To $380M Ponzi Scheme

    The CEO of an Atlanta-area financial advisory group has pled guilty to conducting a $380 million Ponzi scheme, which is likely the largest in Georgia history, according to prosecutors.

  • January 22, 2026

    AGs Target Investor Advocacy Group As 'Climate Cartel'

    A group of state attorneys general led by Florida Attorney General James Uthmeier issued a warning letter Wednesday to climate advocacy organization Ceres claiming concerns about violations of antitrust and consumer protection laws.

  • January 22, 2026

    Marketers Who Sold Fraudulent StraightPath Funds Plead Out

    Two New York men who hawked pre-initial public offering shares for fraud-ridden vendor StraightPath from "boiler room" sales floors pled guilty Thursday to fraud charges, after Manhattan federal prosecutors charged them with raising $185 million by duping customers.

  • January 22, 2026

    Dayforce Investors Seek Records In $12.3B Thoma Bravo Deal

    Several stockholders of Dayforce Inc. have asked the Delaware Chancery Court to compel the global human resource software company to hand over internal books and records, arguing the board's handling of a $12.3 billion take-private sale to Thoma Bravo LP warrants closer scrutiny under Delaware law.

  • January 22, 2026

    Shareholder Says $2.3B Take-Private Deal Hid Blackstone Ties

    Board members of Hawaii-based commercial real estate investment trust Alexander & Baldwin obscured their connections to Blackstone Real Estate in securities filings preceding a proposed $2.3 billion take-private deal, an investor claimed in an Illinois federal lawsuit.

  • January 22, 2026

    McGuireWoods Litigator Joins Dorsey & Whitney In Dallas

    Dorsey & Whitney LLP has bolstered its Texas litigation platform and deepened its offerings to financial services clients confronting complex regulatory and enforcement challenges with a Dallas-based partner who came aboard from McGuireWoods LLP.

  • January 21, 2026

    Holmes Seeks Trump Clemency For Theranos Fraud Sentence

    Former Theranos CEO Elizabeth Holmes has asked President Donald Trump to commute an 11-year prison sentence she's been serving for defrauding investors with bogus blood-testing technology, according to the U.S. Department of Justice's Office of the Pardon Attorney.

  • January 21, 2026

    Senate Agriculture Unveils Crypto Bill Without Dem Backing

    The chairman of the Senate Agriculture Committee released the text of a proposal to expand the U.S. Commodity Futures Trading Commission's authority over crypto Wednesday evening, despite failing to reach a bipartisan agreement on the text ahead of a markup slated for next week.

  • January 21, 2026

    Health Tech SPAC Execs Ink $10M Investor Settlement

    Former executives of a health technology company that went public via merger with a blank check company have reached a $10 million deal to settle claims they wiped out investors with a bankruptcy filing after the company's product development projections derailed.

  • January 21, 2026

    Ex-TD Bank Worker Cops To Taking Money Laundering Bribes

    A former New Jersey-based TD Bank NA employee pled guilty on Wednesday to accepting bribes and leveraging his position to facilitate the movement of over $26 million to Colombia through TD Bank accounts.

  • January 21, 2026

    EXp Brass Can't Shake Claims It Ignored Sexual Misconduct

    The Delaware Chancery Court has allowed the bulk of a shareholder lawsuit against eXp World Holdings Inc. to proceed, saying it is reasonable to infer the real estate brokerage's board "effectively did nothing" in response to red flags about widespread allegations of drugging, rape and sexual assault.

  • January 21, 2026

    Fintech Co. Says Investor Suit 'Regurgitates' SEC Claims

    A fintech company has sought to shed a proposed investor class action alleging its former CEO manipulated trading prices for its shares, arguing that the suit fails because it parrots separate U.S. Securities and Exchange Commission allegations.

  • January 21, 2026

    NJ Firm Must Face Full SEC Suit Over Investment Allocations

    A New Jersey federal judge allowed all claims of a U.S. Securities and Exchange Commission suit against a Garden State financial firm and its founder to proceed, finding Wednesday the regulator has adequately pleaded scheme liability, knowledge of wrongdoing and other counts.

  • January 21, 2026

    Robinhood Warns Of Gambling Suit 'Threat' After Kalshi Loss

    Trading platform Robinhood is once again calling for a federal judge to block Massachusetts from taking enforcement action against it for allegedly offering access to sports betting, saying it faces a "a real and imminent threat" of prosecution given the state's victory against another prediction markets firm Tuesday.

  • January 21, 2026

    Delaware Justices Clarify Ruling On Loews' $1.5B Cash-Out

    In a rare second look at one of its own recent decisions, Delaware's Supreme Court said an earlier opinion "misconstrued" some dimensions of an unjust enrichment challenge to Loews Corp.'s $1.5 billion buyout of Boardwalk Pipeline Partners LP public unitholders.

  • January 21, 2026

    Jump Trading Beats Crypto Class Action Over Terra Collapse

    Brokerage firm Jump Trading and its crypto arm beat back claims that they failed to honor their market-making duties when certain holders of TerraUSD sought to sell their tokens during the algorithmic stablecoin's collapse, as a California magistrate judge found the holders have not tied the market maker to the state.

  • January 21, 2026

    Del. Justices Urged To Revive Telemedicine Co. SPAC Suit

    An attorney for special purpose acquisition company investors in a $1.35 billion take-public deal that preceded an affiliate bankruptcy, heavy losses and fraud claims urged Delaware's Supreme Court on Wednesday to reject arguments that the statute of limitations on the claims started ticking at the time of the alleged misrepresentation.

  • January 21, 2026

    SEC Accuses Unregistered NJ Adviser Of $1.6M Client Fraud

    The U.S. Securities and Exchange Commission has accused a New Jersey-based investment adviser of losing $1.6 million on behalf of clients who were allegedly duped into believing he was a licensed securities trader with years of experience in the industry.

  • January 21, 2026

    FINRA Says Firm Broke Reg BI By Not Spotting Risky Trading

    The Financial Industry Regulatory Authority has accused a broker-dealer and its ex-CEO of violating Regulation Best Interest by failing to identify suspicious, excessive trading in a customer account by a representative of the firm, causing the client $1.2 million in losses.

  • January 21, 2026

    SEC Wins $9.7M In Cemtrex Fraud Case After 2nd Circ. Remand

    The U.S. Securities and Exchange Commission has secured a $9.7 million judgment against the founder of an industrial manufacturer who allegedly diverted over $7.3 million of investor funds from his company to his private accounts, after the Second Circuit vacated the previous disgorgement award and remanded the case.

  • January 21, 2026

    Feds Oppose Bail For Conn. Oil Trader During FCPA Appeal

    Federal prosecutors are fighting an oil trader's bid for freedom while he appeals a 15-month Foreign Corrupt Practices Act prison sentence, arguing the trader should begin serving time by Feb. 9 because his jury conviction probably won't be reversed.

  • January 21, 2026

    Coinbase Investors Knew About Regulatory Issues, Court Told

    Counsel for Coinbase urged a Pennsylvania federal judge Wednesday to dismiss a stockholder's proposed class action accusing the cryptocurrency exchange of not being up front with investors about its regulatory compliance, arguing the company had been transparent about what regulators in the U.S. and U.K. saw as deficiencies in Coinbase's anti-money laundering measures.

  • January 21, 2026

    Boar's Head Heir Seeks Chancery Ruling On Board Seat

    An heir to one of a major deli manufacturer's founders has asked the Delaware Chancery Court to step into a family governance dispute, arguing that the company improperly refused to recognize his election to the board despite a written stockholder consent he says was valid under Delaware law.

  • January 21, 2026

    Nationwide Unit Seeks Exit From Stock Dilution Scheme Suit

    A Nationwide Mutual Insurance Co. unit told a federal court that it doesn't owe coverage to a company and its officers for a shareholder derivative lawsuit alleging the officers schemed to dilute the stockholders' shares, saying the underlying suit doesn't allege a covered loss for disgorgement or restitution. 

  • January 21, 2026

    Morgan Lewis Adds Crypto-Focused Investment Atty

    An attorney specializing in advising companies on cryptocurrency matters and derivatives transactions has moved his practice recently to Morgan Lewis & Bockius LLP's Pittsburgh office after more than two years with Blank Rome LLP.

Expert Analysis

  • Series

    Knitting Makes Me A Better Lawyer

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    Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

  • Series

    The Biz Court Digest: Welcome To Miami

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    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • Identifying And Resolving Conflicts Among Class Members

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    As the Fifth Circuit's recent decision in Nova Scotia Health Employees' Pension Plan v. McDermott International illustrates, intraclass conflicts can determine the fate of a class action — and such conflicts can be surprisingly difficult to identify, says Andrew Faisman, a clerk at the U.S. District Court for the Southern District of New York.

  • What Law Firm Liability Risks In 2025 Signal For Year To Come

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    Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.

  • Recent Proposals May Spell Supervision Overhaul For Banks

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    A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.

  • What US Can Learn From Brazil's Securities Arbitration Model

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    To allay investor concerns about its recent approval of mandatory arbitration clauses in public company registration statements, the U.S. Securities and Exchange Commission should look to Brazil's securities arbitration model, which shows that clear rules and strong institutions can complement the goals of securities regulation, say arbiters at the B3 Arbitration Chamber.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

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    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.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    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.

  • How Bank-Fintech Partnerships Changed In 2025

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    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.

  • 2 Early Settlement Alternatives In Federal Securities Litigation

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    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.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    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.

  • DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright

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    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.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    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.

  • Class Actions At The Circuit Courts: December Lessons

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    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.

  • Series

    Preaching Makes Me A Better Lawyer

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    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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