Securities

  • 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.

  • January 13, 2026

    Tenn. Gaming Regulator's Kalshi Action Blocked For Now

    A Tennessee federal judge agreed to temporarily block state gaming regulators from taking enforcement action against Kalshi for its sports event contracts, adding another court ruling to a split pile of cases over the company's sports wagers nationwide.

  • January 13, 2026

    Bath & Body Works Investor Sues Over Co.'s Growth Claims

    Retail chain Bath & Body Works Inc. was hit with a proposed shareholder class action accusing it of misleading investors about the success of its product expansion strategy and leaning heavily on frequent promotions to drive unsustainable growth.

  • January 13, 2026

    NC Judge Leery Of Early Exit Bid In Produce Co. ESOP Suit

    A North Carolina federal judge seemed disinclined Tuesday to toss a lawsuit alleging a "cabal" of lawyers, private equity firms and their founders conspired to drain a produce company's employee stock ownership plan of its value, noting it's a fact-intensive case that will likely require discovery.

  • January 13, 2026

    REITs Say $787M Merger's Proxy Info Not Misleading

    Real estate investment trusts Ready Capital Corp. and Broadmark Realty Capital Inc. urged a Washington federal court on Tuesday to toss a proposed shareholder class action accusing the companies of misleading shareholders to get votes for their $787 million merger, arguing the relevant proxy materials fully informed shareholders about the deal before they voted.

  • January 13, 2026

    Moore & Van Allen Gets Fla. Malpractice Suit Moved To NC

    A Florida federal judge transferred to North Carolina a proposed class action of Floridians accusing Moore & Van Allen PLLC of mishandling their employee stock ownership trust, but rejected the law firm's request to have the case dismissed.

  • January 13, 2026

    Dechert Adds Former SEC Counsel In DC

    Dechert LLP has grown its financial services group in Washington, D.C., with a veteran attorney who most recently served as counsel to the chairman at the U.S. Securities and Exchange Commission, the firm said Tuesday.

  • January 13, 2026

    J&J Wins Partial Reversal Of $1B Merger Milestone Loss

    Delaware's Supreme Court has partially reversed a vice chancellor's September 2024 ruling that Johnson & Johnson owes more than $1 billion for failing to prioritize regulatory approvals linked to "earnout" payments for robotic surgical device technology that J&J acquired from a developer.

  • January 13, 2026

    Gibson Dunn Hires Thrive Capital's Top Lawyer As DC Partner

    Gibson Dunn & Crutcher LLP has hired Marian Fowler, the former general counsel and chief compliance officer at venture capital firm Thrive Capital Management LLC, to join the firm's Washington, D.C., office as a partner and member of its investment funds practice group, the firm announced Monday.

  • January 13, 2026

    Sen. Warren Questions SEC On Crypto In 401(k) Plans

    Sen. Elizabeth Warren sent a letter to the U.S. Securities and Exchange Commission in advance of a banking committee vote on cryptocurrency market structure legislation, asking how the agency will protect investors as the administration also pushes to broaden access to cryptocurrency in 401(k) retirement plans.

  • January 13, 2026

    Eventbrite Stockholders Sue To Block $500M Take-Private Deal

    A class of Eventbrite stockholders has sued in the Delaware Chancery Court seeking to upend a pending $500 million take-private deal, arguing that a voting agreement signed alongside the transaction automatically stripped the company's founder of her super-voting control under the company's own charter and rendered the merger proxy materially misleading.

  • January 13, 2026

    Wilson Sonsini Guides Polygon Labs On $250M Crypto Deals

    Wilson Sonsini Goodrich & Rosati PC-advised Polygon Labs said Tuesday it has agreed to acquire crypto payments company Coinme and crypto infrastructure provider Sequence for more than $250 million, as it seeks to build a regulated stablecoin payments platform in the U.S.

Expert Analysis

  • 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.

  • 9th Circ. Ruling May Help Pharma Cos. Avert Investor Claims

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    The Ninth Circuit's recent decision affirming the dismissal of a securities fraud class action alleging that Talphera deceived investors by marketing a drug with a misleading slogan should give plaintiffs pause before filing similar complaints where snappy slogans are accompanied by copious clarifying information, say attorneys at Simpson Thacher.

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