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Securities
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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.
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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.
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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.
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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.
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March 05, 2026
Tire Co. Can't Break Free From Ex-Worker's 401(k) Suit
An Arizona federal judge refused to dismiss a proposed class action against a tire and wheel retailer alleging mismanagement of a $1.2 billion employee 401(k) plan, holding that an ex-worker sufficiently backed up claims that an underperforming suite of target-date fund investments violated federal benefits law.
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March 05, 2026
Wells Fargo Exits Last Outstanding Fed Enforcement Order
The Federal Reserve on Thursday closed out the rest of a 2018 enforcement order issued against Wells Fargo & Co. in the wake of its fake accounts scandal, saying the bank has met all requirements for release after nearly a decade of work.
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March 05, 2026
Robinhood Sues Mich. AG Over Event Contracts
Robinhood Derivatives LLC has filed suit against the Michigan attorney general and state gaming regulators, asking a federal judge to bar the state from using its gambling laws to target federally regulated sports event contracts.
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March 05, 2026
King & Spalding Brings Back Business Atty To NYC Office
A former trial attorney for the U.S. Securities and Exchange Commission has left the public sector to return to his post as a litigator at King & Spalding LLP's New York City office.
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March 05, 2026
Simpson Thacher Hires Capital Markets Partner From Dechert
Simpson Thacher & Bartlett LLP said it has hired a New York-based partner who will focus on securitizations in its capital markets practice.
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March 04, 2026
Musk Tells Jury 'Biased' Judge Forced His Twitter Buy
Elon Musk testified Wednesday in a California federal trial over Twitter investors' claims that the billionaire tanked the company's stock to get a better deal and said he paid the full $44 billion offer price because the Delaware Chancery judge overseeing litigation over the sale was "extremely biased" against him.
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March 04, 2026
Cushman & Wakefield Ignored 401(k) Climate Risks, Suit Says
Cushman & Wakefield mismanaged its employee retirement plan by ignoring "glaring red flags" in its selection of an underperforming fund that exposed investors to climate-related risks, according to what the plaintiff's counsel called a "first-of-its-kind" class action that accuses the commercial estate firm of violating the Employee Retirement Income Security Act.
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March 04, 2026
CSBS Chief Warns Of OCC Charter, Preemption Overreach
The head of the Conference of State Bank Supervisors fired a warning shot at the Office of the Comptroller of the Currency on Tuesday, accusing the agency of stretching its chartering and preemption powers too far and signaling that states could challenge the moves in court.
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March 04, 2026
SEC Takes Step Toward Issuance Of Crypto 'Taxonomy'
The U.S. Securities and Exchange Commission has sent its forthcoming "token taxonomy" to the Office of Information and Regulatory Affairs for review, marking a procedural step toward issuing guidance on which crypto assets and transactions trigger securities laws.
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March 04, 2026
Chubb, BJ's Wholesale Sued Over Proxy Ballot Exclusions
Chubb Ltd. and BJ's Wholesale Club Holdings Inc. have been hit with shareholder suits over their moves to exclude certain proposals from their proxy ballots this year after other corporations facing similar litigation recently relented and agreed to include the proposals.
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March 04, 2026
SEC Says Consultant Enabled $284M Sports Park Bond Fraud
The U.S. Securities and Exchange Commission has accused the former consultant of a sports complex operator of fabricating anticipated revenue for the facility in order to sell $284 million in now-defaulted municipal bonds to investors.
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March 04, 2026
PE Firm Norada Faces Investor Suits Over $92M Ponzi Scheme
Groups of investors from multiple states have filed a series of lawsuits against Norada Capital Management LLC in Wyoming federal court, alleging the private equity fund defrauded them out of millions of dollars as part of a Ponzi scheme that the firm's managing member pled guilty to.
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March 04, 2026
Polymarket Challenges Mich.'s Gambling Law Enforcement
Polymarket US filed suit Wednesday seeking to block Michigan from enforcing its gambling laws against the prediction-market exchange, marking the latest in the fight between prediction-market exchanges and state regulators that is playing out across the country.
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March 04, 2026
Bondi Subpoenaed To Testify On DOJ's Epstein Investigation
The House Oversight Committee on Wednesday voted to subpoena U.S. Attorney General Pam Bondi to testify about the U.S. Department of Justice's investigation into deceased child sex offender Jeffrey Epstein, with five Republicans joining their Democratic colleagues to compel Bondi's testimony.
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March 04, 2026
WWE Shareholders Seek Sanctions Over Lost Evidence
World Wrestling Entertainment Inc. shareholders are pursuing sanctions against WWE's top brass, telling the Delaware Chancery Court that company leaders destroyed evidence regarding the terms of its 2023 merger with Ultimate Fighting Championship.
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March 04, 2026
SEC Denied Early Win Against Musk In Twitter Case
The U.S. Securities and Exchange Commission on Wednesday was denied an early victory in D.C. federal court in its enforcement action accusing Elon Musk of failing to timely disclose that he had acquired an ownership interest in the social media platform formerly known as Twitter.
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March 04, 2026
Fashion Tech Biz CEO Pleads Guilty To $300M Investor Fraud
The founder of bankrupt apparel technology company CaaStle Inc. pled guilty Wednesday to one count of securities fraud in connection with a scheme to defraud hundreds of investors out of $300 million by using sham documents to falsely promote a "rapidly growing business" supposedly worth $1.4 billion.
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March 04, 2026
Zantac Investor Class Action Time-Barred, Pa. Judge Rules
The maker of heartburn and acid reflux relief tablet Zantac has defeated a securities fraud class action claiming the company hid for decades the cancer risks associated with the drug, causing a stock price drop when the truth was revealed, after a Pennsylvania federal judge ruled Wednesday that the claims were untimely.
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March 04, 2026
Ex-NFL Player Challenges Adviser's Late Payment Demand
Retired NFL player Mike Rucker and his wife on Wednesday urged North Carolina's business court not to let their former financial adviser countersue them for nonpayment, arguing he can't decide after 20 years that he deserves compensation when that was never the agreement.
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March 04, 2026
Crypto Co. Kraken Secures Fed Master Account Access
The Federal Reserve Bank of Kansas City on Wednesday cleared Wyoming-chartered Kraken Financial for a "limited purpose" master account, becoming the first crypto bank to gain access to the Federal Reserve's payment rails in a move that brought outcry from banking groups.
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March 04, 2026
NC Judge Trims Co.'s $116M Investment Coverage Dispute
A North Carolina state court has trimmed a company's suit claiming that its insurer obstructed its recovery of more than $116 million in coverage for an investment that didn't pay out on time, tossing a breach of contract claim while preserving bad faith and statutory violation claims.
Expert Analysis
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The Challenges Of Detecting Event Contract Manipulation
While concerns about possible manipulation and insider trading in event contracts have increasingly been raised by market observers, distinguishing a speculative position from a hedge and effective surveillance make regulation difficult, particularly as the U.S. Commodity Futures Trading Commission argues for exclusive jurisdiction to do so, say economic consultants at the Brattle Group.
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How Blockchain Could Streamline Real Estate Transactions
As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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4th Circ. D&O Ruling Shows Why Textual Policy Args Are Best
The Fourth Circuit's recent decision in favor of the insurer in Navigators Insurance v. Under Armour highlights how plain-text policy interpretation protects party autonomy and improves predictability to the benefit of both insurers and insureds, say attorneys at Zelle.
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Should Prediction Markets Allow Trading On Nonpublic Info?
Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Coinbase Ruling Outlines Litigation Committee Conflict Risks
The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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OCC Mortgage Escrow Rules Add Fuel To Preemption Debate
Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.
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When Tokenized Real-World Assets Collide With Real World
The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Opinion
Corporations Should Think Twice About Mandatory Arbitration
The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.