Securities

  • February 09, 2026

    Sentencing Commission's Reform Ideas May Cut Prison Time

    Proposed new amendments to the federal sentencing guidelines could lead to shorter prison terms for many offenders, including by revising loss calculations for financial crimes and providing a first-of-its-kind path to reward defendants for post-offense, pre-sentence rehabilitative efforts.

  • February 09, 2026

    Hasbro Wants To Ditch Magic: The Gathering Investor Suit

    Hasbro asked a New York federal court to throw out investors' amended proposed class action accusing the game company of overprinting sets of the popular game Magic: The Gathering, arguing that the investors have "completely abandoned" their original allegations and embarked on an "equally misguided" quest to recover alleged losses.

  • February 09, 2026

    Coinbase Loses Bid To Keep 'Status Quo' Amid Nevada Action

    A Nevada federal judge has declined to grant an emergency request from Coinbase that would have allowed it to maintain the "status quo" and continue operating in the state until a bid from Nevada's casino regulator seeking to halt the crypto exchange's alleged offering of "unlicensed wagering" to state residents until it obtains a state gaming license is resolved.

  • February 09, 2026

    Meta Allows Pump-And-Dump Scam Ads, New Suit Says

    A new proposed class action in California federal court alleges Meta Platforms Inc. knowingly allowed pump-and-dump scammers to advertise on its platform and to promote and falsely inflate the prices of certain stocks before selling their shares, gaining millions of dollars from Meta users.

  • February 09, 2026

    Cooperation Helps Ease 2 Sentences In NJ Ponzi Scheme

    Two of the government's key cooperating witnesses whose testimony and proffered evidence helped land the third conviction of Ponzi schemer Eliyahu "Eli" Weinstein were sentenced on Monday in New Jersey federal court for their own roles in Weinstein's most recent scheme.

  • February 09, 2026

    LRN Shareholder To Pay $18M To End Del. Defamation Suit

    Activision founder Howard Marks will pay $18 million to LRN Corp. Chairman Dov Seidman and two others to exit a Delaware Superior Court defamation lawsuit over statements he made as class representative in a separate Delaware Court of Chancery shareholder case, a Monday filing states.

  • February 09, 2026

    Chancery Nixes TRO In Software Co. Squeeze-Out Claim

    Delaware's Court of Chancery has rejected a bid for a temporary restraining order barring enforcement of an artificial intelligence-augmented software company's capital call, allegedly lined up as a "forfeiture device" to squeeze out the company's co-founder and chief tech officer.

  • February 09, 2026

    9th Circ. Backs Comerica's Escape From Investor Suit

    The Ninth Circuit backed Comerica's win in an investor dispute led by a pension fund accusing the bank of misleading investors about its oversight of a U.S. Department of the Treasury contract, concluding a California federal judge was right to permanently toss the case for failure to state a claim.

  • February 09, 2026

    Citadel Securities Rival Backs New Exchange Before 11th Circ.

    Wall Street reform advocates and a Citadel Securities LLC competitor have stepped forward to support Investors Exchange LLC in its bid to keep a new options exchange alive, telling the Eleventh Circuit that the exchange will create more competition to the benefit of investors.

  • February 09, 2026

    Crypto Investor's $16M Case Ousted From Chancery

    The Delaware Chancery Court on Monday dismissed a cryptocurrency investor's lawsuit accusing a group of crypto entities and insiders of engineering a $16 million "pump and dump" scheme, ruling the claims were not properly brought in equity and belong, if anywhere, in the Delaware Superior Court instead.

  • February 09, 2026

    Catching Up With Delaware's Chancery Court

    Delaware's chancellor has rejected a bid for dismissal of a derivative suit accusing Coinbase Global Inc. insiders of massively unloading shares ahead of a steep stock drop, stressing a special litigation committee's failure to meet independence standards.

  • February 09, 2026

    Tool Co. Can't Escape Workers' 401(k) Forfeiture Suit

    An Illinois tool manufacturer lost a bid to toss a proposed class action alleging it mismanaged an employee 401(k) plan, after a federal judge held Monday that workers stated a claim under federal benefits law by asserting the company disloyally spent forfeitures on employer-side contributions instead of plan expenses.

  • February 09, 2026

    Deutsche Bank Escapes FDIC's RMBS Underwriter Claims

    A brokerage and investment banking arm of Deutsche Bank ducked a lawsuit the Federal Deposit Insurance Corp. had brought against it over investment losses suffered by now-failed Citizens National Bank, after a New York federal judge determined Monday it did not have a relevant role in underwriting residential mortgage-backed securities Citizens bought more than two decades ago.

  • February 09, 2026

    Coal Exec Knew Egyptian Broker Paid Bribes, Jury Told

    A former coal executive knew his Egyptian broker was passing along part of his commissions as bribes in exchange for $143 million in contracts, according to prosecutors' opening arguments Monday in his Pennsylvania jury trial for allegedly violating the Foreign Corrupt Practices Act — while his attorneys said he was simply in the dark.

  • February 09, 2026

    Fried Frank Hires Pillsbury M&A, PE Head

    Fried Frank Harris Shriver & Jacobson LLP announced Monday that it has hired the former head of Pillsbury Winthrop Shaw Pittman LLP's mergers and acquisitions and private equity practices, touting his transactional experience across a wide range of industries.

  • February 06, 2026

    SEC Seeks To Enforce $27M Order In NFL, NBA Player Fraud

    The U.S. Securities and Exchange Commission has asked a Washington, D.C., federal judge to order a broker-dealer and its sole director to comply with a 2015 commission order requiring them to pay over $27 million in disgorgement and other fines that stemmed from allegations that they ran a Ponzi scheme that swindled NFL and NBA clients out of $12 million.

  • February 06, 2026

    SpaceX Investing Co. Sued In Del. Over Unlaunched Reports

    A fund that pumped $10 million into a company formed in 2022 with the sole purpose of investing in SpaceX sued Friday in Delaware's Court of Chancery for breach of contract, citing repeated failures to deliver required financial reports and observing that past demands have been met with documents stamped "Draft."

  • February 06, 2026

    'Very Bizarre': Trump's Funding Freeze Appeal Vexes DC Circ.

    D.C. Circuit judges struggled Friday with whether to unblock a federal funding freeze carrying multitrillion-dollar implications, as a Trump administration lawyer disclaimed interest in a vast spending halt but also dodged opportunities to rule it out unequivocally.

  • February 06, 2026

    NJ Judge Tosses Pacira Investor Suit Over Patent Loss

    A New Jersey federal judge on Friday threw out an investor lawsuit against Pacira BioSciences Inc. after a court invalidated a patent for its key pain management drug, ruling that the pharmaceutical company was not required to disclose litigation setbacks it encountered before the final ruling.

  • February 06, 2026

    Chinese News App Beats Investor Suit Over Ad Revenue

    Chinese news aggregation app Qutoutiao Inc. and its underwriters have beaten a consolidated investor class action accusing the company of illicit advertising activity following its initial public offering, after a New York federal judge found that the plaintiff does not have standing on all the asserted claims.

  • February 06, 2026

    Fla. Real Estate Developer Looks To Escape PE Fraud Suit

    A real estate developer urged a Florida federal court on Thursday to toss a lawsuit brought by former private equity business partners alleging at least $25 million fraud, saying the complaint is a "hodgepodge of mutually exclusive theories" that claim ownership and divestment of several investment companies at the same time.

  • February 06, 2026

    Kalshi Says CFTC Backs Sports Bets Without Tribal Regs

    Prediction market platform Kalshi has told a Wisconsin federal court that the U.S. Commodity Futures Trading Commission's chair has thrown his support behind the agency's view that it has exclusive jurisdiction over the event contracts at issue in a Native American tribe's case against the company.

  • February 06, 2026

    Brooklyn Adviser Settles SEC's $4.1M Affinity Fraud Claims

    A Brooklyn investment adviser has reached a settlement with the U.S. Securities and Exchange Commission to settle claims that he defrauded fellow members of his Russian American Jewish community out of at least $4.1 million, including inherited Holocaust restitution funds.

  • February 06, 2026

    Linqto Gets OK For Ch. 11 Plan With Stock Deal

    A Texas bankruptcy judge Friday agreed to approve Linqto's Chapter 11 plan, finding it had overwhelming creditor support and overruling objections from the defunct private investment platform's onetime leader.

  • February 06, 2026

    MeridianLink Sued In Del. For Share Price In $2B Acquisition

    Two institutional stockholders of financial software platform venture MeridianLink sued on Friday for a Delaware Court of Chancery valuation of their shares at the time of the company's $2 billion, Aug. 11, 2025, acquisition by a merger affiliate of Centerbridge Partners LP.

Expert Analysis

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Navigating Battery Validation Risk In The EV Supply Chain

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    Vehicle electrification has moved battery system supply chains from a background component into the center of the automotive universe — and for legal teams, battery validation is now a driver of contractual disputes, regulatory exposure and even shareholder litigation, say Samuel Madden at Secretariat Advisors and Vanessa Miller at Foley & Lardner.

  • Cybersecurity Must Remain Financial Sector's Focus In 2026

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    In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.

  • 2026 Int'l Arbitration Trends: Next Steps In Age Of AI, Crypto

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    Parties' use of artificial intelligence and blockchain technologies will continue in 2026, and international arbitrators will be called upon to evolve by building expertise in blockchain functionality, cryptography and decentralized finance protocols, and understanding the power and limitations of large language models, say attorneys at Cleary.

  • Presidential Pardon Brokering Can Create Risks For Attys

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    The emergence of an apparent “pardon shopping” marketplace, in which attorneys treat presidential pardons as a market product, may invite investigative scrutiny of counsel and potential criminal charges grounded in bribery, wire fraud and other statutes, says David Klasing at The Tax Law Offices of David W. Klasing.

  • Series

    Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief

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    My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.

  • Series

    Law School's Missed Lessons: How To Start A Law Firm

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    Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.

  • 5 Compliance Takeaways From FINRA's Oversight Report

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    The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.

  • How SEC Civil Penalties Became Arbitrary: 3 Potential Fixes

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    Data shows that the U.S. Securities and Exchange Commission's seemingly unlimited authority to levy monetary penalties on market participants has diverged far from the federal securities laws' limitations, but three reforms can help reverse the trend, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

  • How Payments Law Landscape Will Evolve In 2026

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    After a year of change across the payments landscape, financial services providers should expect more innovation and the pushing of regulatory boundaries, but should stay mindful that state regulators and litigation will continue to challenge the status quo, say attorneys at Troutman.

  • How SEC Civil Penalties Became Arbitrary: The Data

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    Data regarding how the U.S. Securities and Exchange Commission has adhered to its own civil penalty rules over the past 20 years reveals that awards are no longer determined in accordance with the guidelines imposed on the SEC by the securities laws, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

  • Series

    Hosting Exchange Students Makes Me A Better Lawyer

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    Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.

  • How SEC Civil Penalties Became Arbitrary: The Framework

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    An examination of how the U.S. Securities and Exchange Commission has recently applied guidelines governing the imposition of monetary penalties in enforcement actions shows that civil penalty awards in many cases are inconsistent with the rules established to structure them, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

  • 2026 Int'l Arbitration Trends: M&A And Securities Disputes

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    Recent developments — such as the high-profile arbitration between ExxonMobil and Chevron, and the U.S. Securities and Exchange Commission's shift on its long-standing opposition to mandatory arbitration clauses in registration statements — highlight key issues to consider when drafting relevant agreements and arbitrating M&A disputes, say attorneys at Cleary.

  • How A 1947 Tugboat Ruling May Shape Work Product In AI Era

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    Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.

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