Securities

  • December 23, 2025

    AdaptHealth To Pay Investors $35M To End Inflated-Sales Suit

    Medical device provider AdaptHealth Corp. has agreed to pay $35 million to settle a lawsuit accusing it of deceiving shareholders about its revenue projections as it "routinely engaged in improper and unethical tactics to inflate sales numbers." 

  • December 23, 2025

    OCC Wants 'Heightened Standards' Only For Biggest Banks

    The Office of the Comptroller of the Currency on Tuesday said it is moving to amend its heightened standards guidelines for insured national banks to decrease the number of lenders subject to the toughest standards from 38 to eight.

  • December 23, 2025

    CFPB Says Earned Wage Access Products Aren't Loans

    The Consumer Financial Protection Bureau has determined that "earned wage access" products are generally not considered credit covered by the Truth in Lending Act, while withdrawing a Biden-era proposed interpretive rule that would have identified all such products as credit.

  • December 23, 2025

    Klarna Faces Investor Alleging IPO Risk Misrepresentations

    Klarna Group PLC has been hit with a proposed class action from an investor alleging the payments company damaged shareholders by failing to disclose the risks of its "buy now, pay later" loans typically issued to financially insecure consumers ahead of its initial public offering earlier this year.

  • December 23, 2025

    Conn. Judge Halts Deutsche Bank's Norway Suit Against Viks

    A Connecticut state judge has granted a temporary injunction blocking Deutsche Bank AG from pursuing a lawsuit against billionaire Alexander Vik and his daughter in Norway, and separately struck the Viks' claim for a broader injunction to prevent Deutsche Bank from suing them again over a judgment in an English court.

  • December 23, 2025

    Federal Agencies Urge 9th Circ. To Lift Layoff Freeze

    The U.S. government urged the Ninth Circuit to stay a court order barring agencies from laying off workers through next month under the shutdown deal, saying the court intruded on federal labor panels' territory and the funding resolution didn't bar layoffs agencies had in the works.

  • December 23, 2025

    Top Delaware Chancery Cases Of 2025: A Year-End Report

    The Delaware Chancery Court closed out 2025 amid a period of institutional uncertainty, as landmark cases addressing fiduciary duty, executive compensation, board oversight and the limits of equitable power unfolded against the backdrop of sweeping legislative changes to the Delaware General Corporation Law.

  • December 23, 2025

    Notable Pennsylvania Legislation Of 2025

    Pennsylvania's much-delayed 2025 budget bill contained some big public-policy changes like ending a carbon cap-and-trade program, offering an $800 income tax credit and providing stopgap funding for mass transit, even as its domination of the state Legislature's time prevented much else from passing, attorneys told Law360 in reviewing major laws that passed in the last year.

  • December 23, 2025

    Car Services Co. Inks $25M Deal In Securities Suit

    Driven Brands Holdings Inc. has agreed to pay $25 million to resolve allegations that the company and certain executives misled investors by overstating the success of the integration of its glass repair acquisitions and performance of its car wash businesses.

  • December 23, 2025

    Pot Investors Say Collective Mishandled Profits And Funds

    A pair of investors is suing the managers of a cannabis retail collective in California state court, alleging that they have been diverting funds and failing to properly distribute profits, instead using them to prop up their own businesses and enrich themselves.

  • December 22, 2025

    JPMorgan Rips Javice Attys' 'Absurd' Bills For Candy, Booze

    JPMorgan has unveiled new details in its ongoing legal fee fight with Charlie Javice, accusing the convicted financial aid startup founder's Quinn Emanuel defense counsel and other firms of billing for "absurd" and "outrageous" expenses, including specialty cocktails, cellulite butter, a Cookie Monster toy and $530 on gummy bears.

  • December 22, 2025

    Fidelity National Agrees To $210M WorldPay Merger Suit Deal

    Fidelity National Information Services has agreed to a $210 million settlement that resolves a proposed class of investors' claims that the fintech misrepresented the success prospects of its multibillion-dollar acquisition of payment processor Worldpay, according to an unopposed motion seeking a Florida federal court's preliminary approval of the deal.

  • December 22, 2025

    Catching Up With Delaware's Chancery Court

    Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.

  • December 22, 2025

    DOJ, SEC Charge 6 In $41M Insider Trading Scheme

    Federal prosecutors in New Jersey have charged six people in connection with what the government is alleging are securities fraud schemes that led to at least $41 million in illicit profits from insider trading, as well as gains from manipulating the stock prices of biopharmaceutical companies.

  • December 22, 2025

    PayPal Pares Bias Suit Over Minority-Focused Economic Fund

    A New York federal judge trimmed down a venture capital firm CEO's lawsuit accusing PayPal of discriminating against Asian Americans in a $500 million economic opportunity fund for Black- and minority-led businesses in 2020, allowing two claims against the financial technology company to go forward while tossing a couple of others.

  • December 22, 2025

    Rivian Shareholder Sues Top Brass Over Post-IPO Pricing

    Executives and directors of Rivian Automotive Inc. were hit with an investor's derivative suit accusing them of damaging the company by hiding that its flagship electric vehicles were far more expensive to build than advertised, making price hikes after its initial public offering inevitable.

  • December 22, 2025

    CFTC Acting Chair Departs As New Leader Sworn In

    The U.S. Commodity Futures Trading Commission's acting chair said Monday she would leave the agency at the end of the day, an announcement that followed the approval of her successor and her previous announcement that she is taking a role at a cryptocurrency company.

  • December 22, 2025

    SEC Accuses 7 Cos. Of Crypto 'Confidence Scam'

    The U.S. Securities and Exchange Commission sued a group of companies Monday in Colorado federal court, aiming to reclaim $14 million that it is alleging the firms stole from U.S. investors in a cryptocurrency "confidence scam" and funneled abroad.

  • December 22, 2025

    $14.8M Deal Proposed In Genius Sports SPAC Chancery Case

    Stockholders and defendants in a Delaware Chancery Court lawsuit challenging the merger that took sports data company Genius Sports Ltd. public through a special purpose acquisition company have reached a proposed $14.8 million cash settlement, according to a release by plaintiffs' counsel Monday.

  • December 22, 2025

    CFTC Suit Adds To Convicted Crypto Fraudster's Woes

    The CEO of a collapsed cryptocurrency commodity pool who earlier admitted to a wire fraud conspiracy charge now faces U.S. Commodity Futures Trading Commission civil claims over what prosecutors say was a $10 million Ponzi scheme.

  • December 22, 2025

    Chipotle Dodges Investor Claims Over Portion Cuts

    Chipotle Mexican Grill Inc. has escaped a proposed shareholder class action accusing it and its executives of downplaying concerns about meager portion sizes, an issue the company later acknowledged it would correct, with a California federal judge's ruling that the allegations are insufficient to establish that Chipotle's statements were false or misleading.

  • December 22, 2025

    Draft House Bill Would Clarify Tax Rules For Digital Assets

    A bipartisan draft bill in the U.S. House would modernize the federal tax code for digital assets, its backers said, by establishing a "commonsense tax treatment" for regulated payment stablecoins, clarifying source-of-income rules for trading and extending existing securities-lending rules to digital assets.

  • December 22, 2025

    Sallie Mae Investor Sues Over Late Student Loan Payments

    Sallie Mae is facing a possible class action in New Jersey that accuses the company and its top executives of committing securities fraud by underselling an increase in student loan delinquencies.

  • December 22, 2025

    Ex-NBA Players' Adviser Can't Break Out Of Fraud Case

    A former Morgan Stanley financial adviser will still have to face charges of defrauding three NBA players of more than $5 million in schemes involving three former co-defendants, a New York federal judge has ordered.

  • December 22, 2025

    4 Robbins Geller Attys To Join New Securities Boutique

    The managing partner of the New York City office of midsized law firm Robbins Geller Rudman & Dowd LLP is leaving with three other securities partners to join a new securities boutique that was launched by a lawyer who recently left Bernstein Litowitz Berger & Grossmann LLP in a contentious exit.

Expert Analysis

  • 3 Rulings Show Hurdles To Proving Market Manipulation Fraud

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    Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.

  • Drafting M&A Docs After Delaware Corp. Law Amendments

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    Attorneys at Greenberg Traurig discuss how the March and June amendments to the Delaware General Corporation Law affect the drafting of corporate and M&A documents, including board resolutions, governing documents, and books and records demands.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • Untangling 'Debanking' Exec Order And Ensuing Challenges

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    President Donald Trump's recent executive order on the practice of closing or refusing to open accounts for high-risk customers has heightened scrutiny on "debanking," but practical steps can help financial institutions reduce the likelihood of becoming involved in investigations, say attorneys at Winston & Strawn.

  • Patterns And Trends In Publicly Filed Insider Trading Policies

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    An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise.

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • How New Texas Law Targets ESG Proxy Advice

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    A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • 11th Circ. Ruling Shows Federal Question Jurisdiction Limits

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    The Eleventh Circuit's recent decision in AST Science v. Delclaux shows why it is extremely difficult for litigants to maintain a state law cause of action in federal court under Supreme Court precedent, says Paul Avron at Berger Singerman.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

    Excerpt from Practical Guidance
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    Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

  • Associates Can Earn Credibility By Investing In Relationships

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    As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

  • How The Genius Act May Aid In Fight Against 'Pig Butchering'

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    ​​​​​​​The recently enacted Genius Act represents a watershed moment in the fight against crypto fraud, providing new tools to freeze and recover funds that are lost to scams such as "pig butchering" schemes executed from scam factories abroad, but there are implementation challenges to watch, say attorneys at Treanor Devlin.

  • Traditional Venue Theories May Not Encompass Crypto Fraud

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    A New York federal court's recent decision in U.S. v. Eisenberg, overturning a jury verdict against a crypto trader on venue deficiencies and insufficient evidence, highlights the challenges of prosecutions in the decentralized finance space, and will no doubt curtail law enforcement's often overly expansive view of jurisdiction and venue, say attorneys at Venable.

  • A Shifting Trend In FDA Form 483 Disclosure Obligations

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    A New York federal court's Checkpoint Therapeutics decision extends a recent streak of dismissals of securities class actions alleging that pharmaceutical companies failed to disclose U.S. Food and Drug Administration Form 483 inspection reports, providing critical guidance for companies during the FDA approval process, say attorneys at Alston & Bird.

  • Filing Clarifies FTC, DOJ's Passive Investment Stance

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    The antitrust agencies' statement of interest filed in Texas v. Blackrock clarifies that certain forms of corporate governance engagement are permissible under the "solely for investment" exemption, a move that offers guidance for passive investors but also signals new scrutiny of coordinated engagement, say attorneys at Stinson.

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