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Securities
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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.
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March 04, 2026
BCLP Adds Capital Markets Specialist From Kirkland In LA
Bryan Cave Leighton Paisner LLP, which is also known as BCLP, is expanding its transactions team, bringing in a Kirkland & Ellis LLP capital markets expert as a partner in its Los Angeles office.
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March 04, 2026
SEC, PCAOB Auditor Enforcement Plummeted In 2025
Both the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board saw decreases in accounting and auditing enforcement activity in 2025, including sharp decreases in SEC settlements and PCAOB fines for auditing actions.
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March 03, 2026
Breyer Rips Musk Atty For 'False Impression' To Twitter Jury
U.S. District Judge Charles Breyer blasted Elon Musk's counsel Tuesday in a trial over Twitter investors' allegations that Musk intentionally tanked its stock, telling the lawyer she'd created a "false impression" with the jury by questioning an ex-Twitter attorney about her right to speak with plaintiffs' counsel while under oath.
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March 03, 2026
Goldman's Departing CLO, Gates Asked To Testify On Epstein
The House Oversight Committee on Tuesday asked outgoing Goldman Sachs Chief Legal Officer Kathryn Ruemmler, Microsoft founder Bill Gates, Apollo Global Management co-founder Leon Black and others to testify about their connections to child sex offender Jeffrey Epstein.
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March 03, 2026
OCC Clears Faster Merger, Licensing Path For Smaller Banks
The Office of the Comptroller of the Currency on Tuesday expanded fast-track merger review and licensing pathways for banks under $30 billion in assets, its latest move to advance the Trump administration's deregulatory push for so-called community banks.
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March 03, 2026
Goldman, Former Execs Seek Early Win In 1MDB Bribery Suit
Goldman Sachs and two of its former executives have asked a New York federal judge to grant them an early win in an investor suit claiming losses from the 1MDB bond bribery scandal, saying that what remains in the suit is an "incoherent, reverse-engineered theory of securities fraud that the factual record does not sustain."
Expert Analysis
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How Cos. Can Prep For Tightened Calif. Data Breach Notices
Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.
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Digital Asset Treasury Trend Signals Wider Crypto Embrace
While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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How The SEC May Overhaul Its Order Protection Rule
Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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Questions To Ask Your Client When Fraud Taints Financing
As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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2nd Circ. Peloton Ruling Emphasizes Disclosure Context
The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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How Calif. High Court Is Rethinking Forum Selection Clauses
Two recent cases before the California Supreme Court show that the state is shifting toward greater enforcement of freely negotiated forum selection clauses between sophisticated parties, so litigators need to revisit old assumptions about the breadth of California's public policy exception, says Josh Patashnik at Perkins Coie.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Post-Genius Landscape Reveals Technical Stablecoin Hurdles
The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.
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Attys Beware: Generative AI Can Also Hallucinate Metadata
In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.
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How 9th Circ. Ruling Deepens SEC Disgorgement Circuit Split
The Ninth Circuit's recent decision in U.S. Securities and Exchange Commission v. Sripetch creates opposing disgorgement rules in the two circuits where the SEC brings a large proportion of enforcement actions — the Second and Ninth — and increases the likelihood that the U.S. Supreme Court will step in, say attorneys at Cahill Gordon.
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What May Be Ahead In Debanking Enforcement
President Donald Trump's executive order on politicized or unlawful debanking has spurred a flurry of activity by the federal banking regulators, so banks should expect debanking-related complaints submitted by consumers to increase, and for federal regulators to look for more enforcement opportunities, say attorneys at Bradley Arant.
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SEC Crypto Custody Relief Offers Clarity For Funds
A recent U.S. Securities and Exchange Commission staff letter supplies a workable path for registered investment advisers and funds seeking to offer crypto custody services by using state trust companies, and may portend additional useful guidance regarding crypto custody, say attorneys at Morgan Lewis.