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Securities
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March 12, 2026
Musk Banker Tells Jury Twitter Held Up Takeover Deal
An ex-Morgan Stanley banker who advised Elon Musk on his $44 billion Twitter acquisition testified Thursday in a trial seeking billions for investors claiming Musk tanked the social media company's stock to disrupt the takeover, saying Twitter was the one that obstructed the deal.
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March 12, 2026
Celsius Accuses Fireblocks Of 'Staggering' Crypto Negligence
The Chapter 11 plan administrator for defunct cryptocurrency platform Celsius Network urged a New York bankruptcy judge Wednesday to order Fireblocks to respond to discovery demands over the cybersecurity company's alleged "staggering negligence" that led to the destruction of cryptographic keys and the loss of Ethereum tokens worth tens of millions of dollars.
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March 12, 2026
FDIC Owns SVB Insurance Claims, Court Told
The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its historic collapse in early 2023, is entitled to recover on what could be tens of millions of dollars in financial institution bond proceeds, the FDIC's counsel told a North Carolina federal court Thursday.
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March 12, 2026
Orthopedics Co. Investors See Merger Claims Trimmed
Orthofix Medical Inc. must face claims that it failed to tell investors that a company it was merging with recently settled class action discrimination allegations, but will not have to face some securities fraud allegations, a Texas federal judge has ruled.
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March 12, 2026
Fed's Bowman Previews Plan To Rewrite Bank Capital Rules
Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday that federal regulators will move next week to propose a sweeping overhaul of U.S. bank capital rules, previewing changes that are expected to result in a "modest" net easing for larger banks.
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March 12, 2026
Lawmakers Seek Clarity On Trump's Stock Buyback Order
Four Democratic lawmakers have called on President Donald Trump and U.S. Department of Defense Secretary Pete Hegseth to provide clarity on how they plan to enforce a recent executive order barring defense contractors from buying back their stock or paying shareholder dividends if they are underperforming on their contracts.
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March 12, 2026
DOJ Wants Morgan Stanley, DOL Opinion Dispute Tossed
The U.S. government has moved to dismiss a suit from former Morgan Stanley financial advisers challenging a U.S. Department of Labor advisory opinion that said the bank's deferred compensation plans likely aren't covered by federal benefits law, with the advisers responding by saying the agency's finding is hurting them because the bank is using it in arbitration proceedings.
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March 12, 2026
Insurer Asks NC Justices To Free It From Captive Carrier Row
A Georgia insurance company told North Carolina's highest court that the state's Business Court doesn't have jurisdiction over it in a shareholder dispute over the demise of a defunct captive insurer, arguing it had nothing to do with the supposed bad acts of its individual members.
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March 12, 2026
NJ AG Fines Firm $375K For Lax Fraud Prevention Procedures
Broker-dealer Network 1 Financial Securities Inc. will pay nearly $400,000 to settle claims from the New Jersey attorney general that its procedures related to anti-money laundering, customer identity verification and market abuse prevention were ineffectively established and performed.
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March 12, 2026
UBS Whistleblower Suit Ends In Settlement After Retrial Order
A New York federal judge on Thursday dismissed a fired UBS worker's whistleblower retaliation lawsuit after the parties reached a settlement in principle earlier this week, ending a long-running case that was revived by the U.S. Supreme Court and saw the judge order a retrial last month.
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March 12, 2026
Feds Rip 'Incoherent' SBF Claim Of Political Weaponization
Federal prosecutors fired back at convicted FTX founder Sam Bankman-Fried's pro se bid for a new trial as a "transparent attempt" to further allegedly false narratives that his collapsed crypto exchange was solvent, and he was a victim of political retribution.
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March 12, 2026
UiPath Execs Hid Risks, Ditched $394M+ In Stock, Suit Alleges
A UiPath Inc. shareholder has filed a derivative lawsuit in Delaware Chancery Court accusing the company's top executives and directors of misleading investors about slowing growth and intensifying competition in the robotic process automation market while insiders sold hundreds of millions of dollars' worth of stock.
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March 12, 2026
Democrats Vow To Oversee DOJ's Reported Binance Inquiry
Three Democratic U.S. senators said Thursday that they will oversee a reported investigation by the U.S. Department of Justice into potential Iran sanctions violations carried out on the cryptocurrency exchange Binance.
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March 12, 2026
Cogent CEO's Stock Pledges Spark Derivative Suit
The CEO and board members of internet service provider Cogent Communications Holdings Inc. face shareholder derivative claims the CEO improperly collateralized his commercial real estate portfolio with his stake in the company, causing trading prices to plummet when he was forced to sell off those shares amid financial distress.
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March 12, 2026
Epilepsy Drugmaker's Statements Insulated From Stock Suit
A Pennsylvania federal judge has trimmed a shareholder class action against Marinus Pharmaceuticals alleging it misled investors about the probability of success of an epilepsy drug, ruling that certain statements made by company leadership were immunized by the Private Securities Litigation Reform Act.
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March 12, 2026
Investors Sue Florida Trading 'Savant' Over Ponzi-Style Fraud
Investors sued a self-styled foreign exchange trading "savant" claiming he solicited millions from friends and relatives that were meant to be pooled into legitimate investments but were instead funneled into a Ponzi scheme.
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March 12, 2026
PayPal Execs Hit With Derivative Suit Over 2027 Forecast
PayPal executives and directors were hit with a shareholder's derivative suit accusing them of damaging the company with comments about the strong growth trajectory for its branded checkout segment that the investor said turned out to be untrue.
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March 12, 2026
Trip.com, Execs Downplayed China Monopoly Risks, Suit Says
One-stop travel service provider Trip.com and its executives "recklessly understated" to shareholders the risks of their business activities running afoul of China's antimonopoly laws, according to a new proposed class action in New York federal court.
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March 12, 2026
Kalshi Appeals Ohio Ruling On Sports Contracts To 6th Circ.
Kalshi plans to ask the Sixth Circuit to overturn a lower court's refusal to grant it an injunction that would shield its sports betting contracts from scrutiny in Ohio.
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March 12, 2026
CFTC Takes 1st Steps Toward Prediction Market Regulations
The U.S. Commodity Futures Trading Commission opened the door Thursday to promised prediction market regulation, calling for public feedback on what such rules might look like while laying out the staff's view on the current rules that the platforms should follow in order to offer betting on sports and other events.
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March 12, 2026
Sidley Adds Cooley Corporate And Securities Pro In San Diego
Sidley Austin LLP continues expanding its California team, bringing in another Cooley LLP lawyer — this one a corporate and securities expert — as a partner in its San Diego office.
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March 11, 2026
Intel Caved To Feds' 'Extortionary' Stock Demand, Suit Says
Intel Corp.'s board gave the federal government $11 billion worth of stock in response to the Trump administration's "extortionary threats," according to a newly unsealed lawsuit brought by a shareholder who says the board lacked authority to issue the U.S. Department of Commerce a 9.9% company stake.
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March 11, 2026
Exxon Cements Texas As Delaware's Emerging Rival
Last year, Vinson & Elkins partner Katherine Frank fielded about one call a week from companies thinking about redomiciling in Texas. Speaking to Law360 the day after ExxonMobil announced its plan to reincorporate in the Lone Star State due to its business-forward courts and policies, Frank said the callers fell into three categories.
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March 11, 2026
FDIC Plans No Pass-Through Stablecoin Insurance, Hill Says
Federal Deposit Insurance Corp. Chairman Travis Hill said Wednesday that his agency will propose expressly excluding payment stablecoins from pass-through insurance coverage, outlining the move as part of a wide-ranging update on his to-do list of regulatory initiatives.
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March 11, 2026
Dems Float Bill To Ban Death-Tied Event Contracts
Two Democrats from California are proposing to outlaw event contracts that reference or relate to terrorism, war or an individual's death amid the rise of certain prediction markets involving political shake-ups.
Expert Analysis
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How Banks Can Safely Handle Payments For Gambling Biz
As the betting market continues to expand, it's crucial for banks and fintechs to track historical developments in wagering and ongoing prediction markets litigation that can factor into a risk analysis for payment processing with respect to gambling operators, says Laura D'Angelo at Jones Walker.
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SEC Focused On Fraud As Actions Markedly Declined In 2025
The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.
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Series
Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.
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How Cos. Can Prep For Tightened Calif. Data Breach Notices
Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.
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Digital Asset Treasury Trend Signals Wider Crypto Embrace
While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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How The SEC May Overhaul Its Order Protection Rule
Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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Questions To Ask Your Client When Fraud Taints Financing
As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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2nd Circ. Peloton Ruling Emphasizes Disclosure Context
The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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How Calif. High Court Is Rethinking Forum Selection Clauses
Two recent cases before the California Supreme Court show that the state is shifting toward greater enforcement of freely negotiated forum selection clauses between sophisticated parties, so litigators need to revisit old assumptions about the breadth of California's public policy exception, says Josh Patashnik at Perkins Coie.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Post-Genius Landscape Reveals Technical Stablecoin Hurdles
The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.