Securities

  • October 22, 2025

    Trade Desk CEO Pay Suit Pleads 'Bad Faith,' Del. Justices Told

    The Delaware Supreme Court heard oral arguments on Wednesday in the appeal of the dismissal of a stockholder derivative suit that sought to block an up to $5.2 billion, multiyear chairman's compensation package for global digital marketing venture The Trade Desk.

  • October 22, 2025

    Unions Pursue More Protection For Federal Workers In Shutdown

    Eight unions asked a California federal judge to step up the level of protection she provided to thousands of federal workers' jobs during the government shutdown, urging her to expand the number of jobs she's protecting and turn a temporary restraining order into a preliminary injunction.

  • October 22, 2025

    Straight Path Class Attys Appeal $1.2B Damage Claim Toss

    An attorney for Straight Path Communications shareholders told Delaware's justices Wednesday the state Supreme Court should revive a $1.2 billion claim tied to company controller Howard Jonas' allegedly self-interested role in shutting down a board special committee's pursuit of damages against him.

  • October 22, 2025

    Crypto Exchange FalconX Snags ETP Provider 21shares

    Digital asset brokerage FalconX on Wednesday unveiled plans to buy cryptocurrency exchange-traded funds and products provider 21shares, a move that comes just over a month after the U.S. Securities and Exchange Commission eased listing standards for crypto ETPs.

  • October 22, 2025

    NC Biz Court Bulletin: COVID Coverage, A Suspect Signature

    The North Carolina Business Court has rounded the corner into fall with insurance disputes over COVID-19 coverage at a chain of outlet malls and the theft of over $900,000 in legal THC reportedly stolen from a warehouse in the Southwest.

  • October 22, 2025

    NHL Embraces Prediction Market With Kalshi, Polymarket Deals

    The National Hockey League on Wednesday announced it had entered "landmark" multiyear agreements with Polymarket and Kalshi following a recent surge in the popularity of prediction market platforms, which have also faced several recent legal challenges.

  • October 22, 2025

    16-Year CFTC Atty Joins Orrick's DC Finance Team As Partner

    A veteran Commodity Futures Trading Commission lawyer who most recently served as an associate director has joined Orrick Herrington & Sutcliffe LLP in Washington, D.C., as former lawyers from the agency move to new roles months after a round of layoffs.

  • October 21, 2025

    Citadel Securities Asks 11th Circ. To Scope SEC's IEX Order

    Citadel Securities has petitioned the Eleventh Circuit to review the U.S. Securities and Exchange Commission's recent approval of a new options exchange called IEX Options, following a comment letter the broker-dealer sent to the regulator stating that IEX "seeks approval for an unprecedented quote-canceling scheme in the U.S. options market."

  • October 21, 2025

    Crypto Trader Says He Thought MIT Bros.' $25M Win Was Legit

    A former quantitative trader for two MIT-educated cryptocurrency entrepreneurs told a Manhattan federal jury Tuesday he didn't believe at the time that they were doing anything illegal when executing a strategy to obtain $25 million at the expense of other traders on the Ethereum blockchain.

  • October 21, 2025

    Chancery Mulls 'Sufficiency' Ruling In Squarespace Doc Suit

    An attorney for a former stockholder of website hosting venture Squarespace Inc. told a Delaware vice chancellor Tuesday that the Chancery Court's senior magistrate erred in declining to order a release of emails for a books and records investigation focused on the company founder's role in a $7.2 billion take-private sale.

  • October 21, 2025

    2nd Circ. Weighs Reviving Signature Bank Investor Suit

    The Second Circuit quizzed an FDIC attorney Tuesday over the agency's ability to stop Signature Bank's former shareholders from suing following the bank's collapse, with the judges considering whether to revive a lawsuit accusing Signature's brass and its outside auditor of failing to warn investors about its liquidity problems.

  • October 21, 2025

    Ex-Crypto Exec Claims Stablecoin Venture Betrayed Him

    A former executive of a cryptocurrency company has launched a Delaware Chancery Court suit accusing its controlling members of fraudulently coercing him into signing away his rights and then usurping the company's planned stablecoin venture for themselves, breaching their fiduciary and contractual duties to both him and the firm.

  • October 21, 2025

    Ex-FBI Informant Gentile, Firm Now On Hook For $19M To SEC

    A onetime FBI informant and his shuttered, unregistered broker-dealer owe over $19 million total in disgorgement, prejudgment interest and civil penalties after the U.S. Securities and Exchange Commission recalculated its interest requests, a Miami federal judge has determined.

  • October 21, 2025

    Investors Tell Chancery CytoDyn Board Ignored Drug Scheme

    Stockholders of CytoDyn Inc. have filed a consolidated derivative complaint in the Delaware Chancery Court, accusing the company's leadership of wrongfully refusing to investigate and sue its former CEO and others over an aligned scheme to mislead investors about the company's flagship drug.

  • October 21, 2025

    CFTC's Pham Expects Spot Crypto Trading By End Of Year

    Acting U.S. Commodity Futures Trading Commission Chair Caroline Pham said Tuesday the agency is moving quickly to implement the White House's recommendations for enabling digital asset trading and innovation, with listed spot crypto trading expected to go live this year.

  • October 21, 2025

    Wilson Sonsini Adds Cooley Capital Markets Pro In Calif.

    Wilson Sonsini Goodrich & Rosati PC continues adding Cooley LLP attorneys to its corporate team, announcing Tuesday it is bringing in a capital markets expert as a partner in its San Francisco office.

  • October 21, 2025

    Coinbase Pays $375M For Echo Amid 'Full-Stack' Crypto Push

    Coinbase said Tuesday it has acquired blockchain fundraising platform Echo for approximately $375 million, as the cryptocurrency giant makes its latest push to create a "full-stack" solution for crypto investors.

  • October 21, 2025

    NY Atty Blames Another Lawyer For AI-Faked Case Citations

    A New York attorney on Tuesday denied ever having used artificial intelligence in his law practice and said the fake, AI-hallucinated cases cited in a motion to dismiss a case against his client were prepared by another attorney.

  • October 21, 2025

    Cleary Adds Proskauer Funds Atty Amid Changing Market

    Cleary Gottlieb Steen & Hamilton LLP has hired a new global funds group attorney in Washington, D.C., who is joining the team from Proskauer Rose LLP as retail and private investment markets continue evolving, the firm announced Monday.

  • October 20, 2025

    Penny Stock Trader Wants New 'Scalping' Trial After SEC Loss

    A man found liable on U.S. Securities and Exchange Commission claims he earned at least $2.5 million by buying, hyping, and then selling penny stocks in a "scalping" scheme has asked a New York federal judge for a new trial, saying the verdict form unfairly lumped his civil charges together.

  • October 20, 2025

    OCC Chief Says Stablecoin Drain Wouldn't 'Happen Overnight'

    A top U.S. banking regulator on Monday downplayed concerns that future growth in interest-earning payment stablecoins could bleed banks of deposits, saying any such shift would be gradual and closely watched by regulators, not a sudden shock to the system.

  • October 20, 2025

    States Urge Del. High Court To Reject Jarkesy Challenge

    State regulators are asking the Delaware Supreme Court to reject an oil-and-gas company's call to apply a recent U.S. Supreme Court decision to state-level securities fraud actions, arguing that a ruling in the company's favor could have "ripple effects" on other states' abilities to pursue alleged fraudsters via administrative courts.

  • October 20, 2025

    Green Dot Investors Seek First OK For $40M Settlement

    Shareholders of financial technology company Green Dot are seeking an initial nod for their $40 million deal ending proposed class action claims accusing the company of concealing declining prepaid card sales amid competition from digital banking alternatives.

  • October 20, 2025

    5th Circ. Affirms Fraud Conviction Of Failed Bank's Ex-CEO

    A Fifth Circuit panel upheld the conviction of former First NBC Bank CEO Ashton J. Ryan Jr., who was sentenced to 14 years in prison and ordered to pay $215 million in restitution after a jury found him guilty of bank fraud and conspiracy related to the collapse of the Louisiana bank.

  • October 20, 2025

    Chemical Co. To Tap Compliance Chief In Investor Suit Deal

    Shareholders who sued Origin Materials leaders for allegedly concealing a three-year construction delay affecting a planned production facility have urged a California federal court to greenlight a nonmonetary settlement that would see the sustainable chemical manufacturer appoint a chief compliance officer, among other things.

Expert Analysis

  • US-German M&A Hits Its Stride Despite Economic Headwinds

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    Against expectations, dealmakers in both the U.S. and Germany are actively seeking investment opportunities in each other's markets, with 2025 shaping up to be the strongest year in recent memory, say attorneys at White & Case.

  • Enter The Wu-Tang Ruling That May Change Trade Secret Law

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    A New York federal court's recent holding that a Wu-Tang Clan album qualifies as a trade secret provides the first federal framework for analyzing trade secret claims involving assets valued primarily for exclusivity, potentially reshaping Defend Trade Secrets Act jurisprudence for the digital economy, says Jason Bradford at Jenner & Block.

  • How Financial Cos. Can Prep As NYDFS Cyber Changes Loom

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    Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury.

  • Opinion

    Ending Quarterly Reporting Would Erode Investor Protection

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    President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti.

  • 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.

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