Securities

  • March 06, 2026

    Drugmaker Nektar Faces Suit Over Hair Loss Drug Trial Claims

    Pharmaceutical company Nektar Therapeutics on Friday was hit with a proposed class action accusing it of harming investors by failing to disclose the risks associated with its failure to follow protocol for enrolling participants in an unsuccessful trial for its hair loss treatment.

  • March 06, 2026

    Lost Mail Helps State Street Exit Judgment In Crypto Case

    A North Carolina federal judge undid a default judgment ruling against investment management firm State Street Global Advisors, finding the investor who sued claiming he lost $650,000 trying to transfer cryptocurrency to a digital wallet named the wrong defendant, and a summons to the firm was lost.

  • March 06, 2026

    Kalshi Is Sued Over 'Death Carveout' For Khamenei Trades

    Prediction market Kalshi defrauded traders who bet that Iran's Supreme Leader Ayatollah Ali Khamenei would leave office before March 1, 2026, by invoking an improperly disclosed "death carveout" and refusing to pay full winnings to traders when Khamenei was killed in recent U.S. and Israeli military strikes, according to a suit in California federal court.

  • March 06, 2026

    NYSE To Pay $9M SEC Fine Over Botched Market Opening

    The New York Stock Exchange on Friday agreed to pay $9 million to the U.S. Securities and Exchange Commission following a hardware failure that caused thousands of trades to fail and dozens of stocks to be hit with price declines.

  • March 06, 2026

    Grocery Chain Strikes Deal In 401(k) Suit Revived By 2nd Circ.

    A supermarket chain told a New York federal court it has agreed to settle a proposed class action claiming the company allowed its 401(k) plan to be saddled with excessive fees, about six months after the Second Circuit partially revived the case.

  • March 06, 2026

    Boston Scientific Investor Sues Over Growth Projections

    A Boston Scientific Corp. investor has filed a proposed class action against the medical device manufacturer and its top brass, claiming they misled shareholders about the sustainability and growth trajectory of the company's electrophysiology segment while failing to disclose competitive pressures and regulatory headwinds.

  • March 06, 2026

    Miami Developer Accused Of $85M Fraud Scheme, DOJ Says

    Federal prosecutors have accused a Miami real estate developer of leading an $85 million investment fraud scheme and failing to pay both his personal income taxes and payroll taxes for his employees, the U.S. Department of Justice said Friday.

  • March 06, 2026

    Suspended Atty Can Become Paralegal After $3M Scheme

    A suspended Connecticut lawyer who pled guilty to moving $3 million in pump-and-dump stock scheme proceeds through his attorney trust account can become a paralegal under the supervision of another lawyer, according to a plan approved by a state trial court judge.

  • March 06, 2026

    Investors Accuse Alston & Bird Of Aiding $328M Crypto Fraud

    Several investors have brought a Florida federal proposed class action alleging legal malpractice against Alston & Bird LLP, accusing the law firm of drafting joint venture agreements that were used to aid a $328 million cryptocurrency scam. 

  • March 06, 2026

    Cleary Rehires Former Federal Prosecutor From Paul Weiss

    Cleary Gottlieb Steen & Hamilton LLP announced on Thursday that it has rehired a former Paul Weiss Rifkind Wharton & Garrison LLP lawyer who previously served as co-chief of the Southern District of New York's General Crimes Section.

  • March 06, 2026

    Companies In Limbo Over Calif. Climate Disclosure Laws' Fate

    Companies that do business in California are stuck in no-man's-land as the Golden State implements sweeping laws requiring disclosure of financial risks tied to climate change, at the same time the Ninth Circuit is poised to decide whether to block the laws.

  • March 06, 2026

    White & Case Adds Winston & Strawn LA Securities Litigator

    White & Case LLP is growing its West Coast team, bringing in a Winston & Strawn LLP securities litigator as a partner in its Los Angeles office.

  • March 05, 2026

    Twitter 'Lied' About Bots, Musk Says At Stock Fraud Trial

    Elon Musk continued his testimony in California federal court Thursday in litigation over Twitter investors' claims he publicly trashed the company to get a better deal on his buyout, calling Twitter's claims about bots on the platform "utterly absurd" and contending "they lied in public SEC documents repeatedly."

  • March 05, 2026

    Treasury, OPM Must Face Privacy Suit Over DOGE Info Access

    The federal government must face a proposed class action accusing it of the "largest data breach" in the nation's history, after a D.C. federal judge said Wednesday that the plaintiffs alleged factual injuries suffered from the disclosure of their most sensitive information, which are "foundational to Americans' data-driven, internet-based lives."

  • March 05, 2026

    Pharma Co. Investors Secure Class Cert. Over FDA Obstacles

    A Pennsylvania federal judge has granted certification to a group of Verrica Pharmaceuticals Inc. investors who claim the company defrauded them by hiding obstacles it faced in obtaining approval from the U.S. Food and Drug Administration for its lead product, though she made a slight change to the class definition to avoid what she called a "heads I win, tails you lose strategy."

  • March 05, 2026

    Drugmaker Aquestive Hit With Suit Over FDA Approval Delay

    Pharmaceutical company Aquestive Therapeutics Inc. has been hit with a proposed class action accusing it of harming investors by failing to disclose the likelihood that the U.S. Food and Drug Administration would delay approval of the company's drug application for its allergic reaction treatment.

  • March 05, 2026

    Chipotle Seeks To Beat Investor's Burrito-Size Beef

    Chipotle Mexican Grill says an investor suit tied to complaints about its portion sizes should be dismissed again, telling a federal judge that the plaintiff's latest attempt has failed to fix deficiencies that got the suit tossed previously and that "alleging a social media frenzy is not enough to plead securities fraud."

  • March 05, 2026

    Pfizer Gets OK For $29M SEC Payout From Insider Case

    A New York federal judge on Thursday approved a request from the U.S. Securities and Exchange Commission and Pfizer to have $29 million paid out to a Pfizer subsidiary from the roughly $75.2 million distribution left over from a $602 million insider trading deal.

  • March 05, 2026

    Tokenized Securities Get Same Capital Treatment, Feds Say

    Federal banking regulators said Thursday that the capital treatment of so-called tokenized securities is the same as their traditional counterparts, emphasizing that bank capital rules are "technology neutral" and don't change when a security is recorded on a distributed ledger.

  • March 05, 2026

    Pennsylvania Man Gets 9¼ Years, $12M Fine For Fraud Scheme

    A former Philadelphia-area businessman who admitted bilking millions from investors, business partners, and employees by holding himself out as a successful entrepreneur has been sentenced to 9¼ years in prison and ordered to pay more than $12 million in restitution to his victims. 

  • March 05, 2026

    SEC To Settle Justin Sun Crypto Wash Trading Case

    The U.S. Securities and Exchange Commission said Thursday it has reached a settlement with Tron founder Justin Sun to end a closely watched, Biden-era enforcement action, with one of Sun's companies set to pay a $10 million penalty for allegedly facilitating wash trading of the cryptocurrency TRX.

  • March 05, 2026

    Ex-Wells Fargo Worker's Atty Fee Bid Denied, For Now

    A federal judge rejected a request for attorney fees by a former Wells Fargo worker who won a $22 million Americans with Disabilities Act verdict, saying he will consider the motion again after the Fourth Circuit renders its decision in the bank's appeal.

  • March 05, 2026

    Progenity Investors' $1M Billing Fraud Suit Deal Gets Final OK

    Genetic test distributor Progenity Inc., now known as Biora Therapeutics Inc., has received final approval of a $1 million settlement with investors, resolving claims that it made misleading statements ahead of its June 2020 initial public offering about its practice of overbilling the government.

  • March 05, 2026

    Mich. AG Accuses Kalshi Of Unlicensed Gambling

    Michigan is the latest state to take action against prediction-market exchanges, accusing KalshiEX LLC of running an unlicensed online sports betting platform in a lawsuit removed to federal court on Thursday.

  • March 05, 2026

    Intel, Lutnick Face Investor Suit Over Government's 10% Stake

    An Intel Corp. shareholder is suing the company's board of directors and Commerce Secretary Howard Lutnick over a deal in which the government received a 10% stake in the company in exchange for releasing billions of dollars in previously agreed-upon funding.

Expert Analysis

  • Hot Topics For Family Offices In 2026

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    For family offices, the throughline of 2026 is disciplined readiness, as navigating impact from the One Big Beautiful Bill Act and platform maturation will be necessary to preserve flexibility and enhance client outcomes, say attorneys at Morgan Lewis.

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • Banking M&A Outlook Reflects Favorable Regulatory Climate

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    The banking mergers and acquisitions environment is starting 2026 with a rare alignment of favorable market conditions and a more permissive regulatory atmosphere, creating a clear window for banks to pursue transformative combinations and shape the competitive landscape, say attorneys at Reed Smith.

  • ERISA Litigation Trends To Watch With 2025 In The Rearview

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    There were significant developments in Employee Retirement Income Security Act litigation in 2025, including plaintiffs pushing the bounds of sponsor and fiduciary liability and defendants scoring district court wins, and although the types of claims might change, ERISA litigation will likely be just as active in 2026, say attorneys at Groom Law.

  • 2025's Defining AI Securities Litigation

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    Three securities litigation decisions from 2025 — involving General Motors, GitLab and Tesla — offer a preview of how courts will assess artificial intelligence-related disclosures, as themes such as heightened regulatory scrutiny and risk surrounding technical claims are already taking shape for the coming year, say attorneys at Cooley.

  • Series

    Mass. Banking Brief: All The Notable Legal Updates In Q4

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    Among the most significant developments on the banking regulation front in Massachusetts last quarter, Attorney General Andrea Joy Campbell announced her bid for reelection, and the state Division of Banks continued its fintech focus by finalizing rules implementing a new money transmitter law, say attorneys at Nutter.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • How Shareholder Activism Fared In 2025

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    2025 was a turbulent yet transformative year in shareholder activism, and there are several key takeaways to help companies prepare for a 2026 that is shaping up to be even more lively, including increased focus on retail investors and the use of social media as a tool, say attorneys at Sidley.

  • Justices' Separation-Of-Powers Revamp May Hit States Next

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    The U.S. Supreme Court's 2024 decision in U.S. Securities and Exchange Commission v. Jarkesy quietly laid the groundwork for an expansion of the court's separation-of-powers agenda beyond the federal level, but regulated parties and state and local governments alike can act now to anticipate Jarkesy's eventual wider application, say attorneys at Troutman.

  • Preparing For Congressional Investigations In A Midterm Year

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    2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.

  • Key Trends Shaping ESG And Sustainability Law In 2026

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    2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.

  • How Bank M&A Prospects Brightened In 2025

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    Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.

  • 3 Securities Litigation Trends To Watch In 2026

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    Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.

  • 4 Developments That Defined The 2025 Ethics Landscape

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    The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.

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