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Securities
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March 10, 2026
Alex Spiro Says Twitter Atty 'Misremembering' Offer To Settle
Elon Musk attorney Alex Spiro testified before a California federal jury Tuesday that a lead Twitter lawyer who said Spiro tried to renegotiate Musk's $44 billion deal to buy the social media platform was "misremembering," saying Twitter's counsel offered the discount and asked for legal waivers over the company's bot claims.
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March 10, 2026
CFTC Urged To Halt War Bets Over Insider Trading Fears
Two Democratic lawmakers from Colorado and Rhode Island have urged the Commodity Futures Trading Commission to "immediately halt" wagers on events tied to U.S. military operations, arguing those types of offerings on prediction markets threaten national security.
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March 10, 2026
Polymarket Loses Bid To Block Mich. Gambling Enforcement
There's "no logical way" to view Polymarket's event contracts — which allow people to profit or lose on sports-related outcomes — as financial "swaps" as defined in the Commodity Exchange Act, a federal judge said Tuesday, denying the company's request to temporarily block Michigan officials from imposing state gambling laws.
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March 10, 2026
Smartmatic Moves To Toss 'Vindictive' FCPA Prosecution
Smartmatic urged a Florida federal judge Tuesday to toss charges against it in the U.S. Department of Justice's case accusing former company executives of bribing a Filipino official to secure contracts, slamming the superseding indictment as part of a "crusade to unconstitutionally target" President Donald Trump's perceived political enemies.
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March 10, 2026
Dem Says 'Compromise' Can Thread Stablecoin Yield Needle
A key U.S. Senate Democrat called Tuesday for closing what bankers say is a stablecoin interest "loophole" that could siphon deposits from traditional lenders, stressing that compromise may be needed to avoid letting the "perfect be the enemy of good."
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March 10, 2026
Texas Crypto Exec Seeks To Vacate $141M Wyoming Judgment
A cryptocurrency executive is asking the Texas Business Court to vacate a $141 million Wyoming state court default judgment tied to an investment deal that is part of separate litigation from the U.S. Securities and Exchange Commission, according to a notice of removal.
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March 10, 2026
Roblox Investors Aim To Preserve Claims As Clock Runs Down
Funds invested in immersive gaming platform Roblox are asking to intervene in a proposed class action alleging the company understated the likelihood of a post-COVID lockdown user revenue slump, saying the clock was running out for bringing certain claims while the judge weighs dismissing the suit.
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March 10, 2026
Calif. Atty Gets Over 11 Years For Solar $1B Ponzi Scheme
A California federal judge has sentenced a corporate attorney to 11 years and five months behind bars after he pled guilty to nearly two dozen charges for his role in DC Solar's $912 million Ponzi scheme, which duped major investors including Berkshire Hathaway, Progressive and SunTrust Equipment Finance & Leasing.
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March 10, 2026
DOJ Unveils Superseding Policy For Corporate Criminal Cases
The U.S. Department of Justice on Tuesday released its first-ever, department-wide, corporate enforcement policy for criminal matters, outlining how it will decline to prosecute companies that voluntarily disclose misconduct, cooperate with investigators and remediate wrongdoing.
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March 10, 2026
Mining Co. Can't Decertify Class In Dam Collapse Suit
A New York federal judge on Tuesday rejected Vale SA's bid to decertify a class of investors in a suit accusing the Brazilian mining giant and its executives of concealing safety problems at its Brumadinho dam in the lead-up to a deadly collapse there, finding unconvincing Vale's new expert report showing that its securities were traded in inefficient markets.
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March 10, 2026
Iowa Defends 5th Circ. Appeal Of Schwab Antitrust Settlement
Iowa's attorney general told the Fifth Circuit that its appeal of a Texas federal judge's final approval of a settlement ending an antitrust class action over The Charles Schwab Corp.'s merger with TD Ameritrade is proper, arguing the state's duty to protect consumers allows it to challenge the deal.
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March 10, 2026
Anthropic Asks Judge To Block DOD's Security Risk Label
Anthropic has urged a California federal judge to block the Trump administration from enforcing an order designating the artificial intelligence company a supply chain risk to national security, arguing the government has retaliated against Anthropic for its constitutionally protected speech.
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March 10, 2026
Insurers Can't Resume Investor Fight In $220M Coverage Row
A Texas appellate court Tuesday rejected two insurance companies' bid to stop a group of shareholders of now-bankrupt Cobalt International Energy from pursuing claims on behalf of thousands of other investors, stymieing the carriers' attempts to curtail a fight over coverage of a $220 million securities settlement.
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March 10, 2026
Robinhood Wants Mich. Gambling Law Enforcement Blocked
Robinhood Derivatives LLC has asked a Michigan federal judge to block the state from enforcing gaming laws against it, arguing that federal statutes give the Commodity Futures Trading Commission jurisdiction over sports-related event contracts.
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March 10, 2026
ExxonMobil Plans Move To Texas, Citing Biz-Friendly Milieu
ExxonMobil Corp. is the latest company to eye Texas as its new legal home, telling shareholders Tuesday that the Lone Star State's newly created business court and pro-business policies are good reasons to end its longtime run in New Jersey.
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March 10, 2026
Semiconductor Co. Says Key Witness Now Disputes Claims
STMicroelectronics has asked a New York federal judge to reconsider his earlier decision allowing an investor securities fraud suit to move forward, saying the ruling relied on statements from a former executive who now says the allegations attributed to him in the suit are false.
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March 10, 2026
Feds Want October Retrial For Tornado Cash Founder
Federal prosecutors have requested an October retrial for the alleged operator of the Tornado Cash crypto mixer in a letter that told the Manhattan federal court the government intends to take another crack at bringing money laundering and sanctions charges that deadlocked a jury in August.
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March 10, 2026
Chancery Won't Block Precious Metals Deal In Earnout Fight
The Delaware Chancery Court on Tuesday refused to temporarily block a planned acquisition by Bullion International Group LLC, a precious metals company formed in a 2023 merger between online gold retailer APMEX and global refiner MKS PAMP Group Inc., ruling that the dispute over potential earnout payments can be addressed through money damages rather than emergency injunctive relief.
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March 10, 2026
Mayer Brown Adds 6 McGuireWoods Attys In Houston, DC
Mayer Brown announced Tuesday that it has hired six attorneys from McGuireWoods LLP for its litigation and dispute resolution and corporate and securities practices, including the former office managing partner of that firm's Houston office.
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March 10, 2026
Genworth Unravels 401(k) Fund Suit Class Cert. At 4th Circ.
The Fourth Circuit on Tuesday reversed class certification for Genworth Financial Inc. employee 401(k) participants who alleged that their retirement savings were dragged down by underperforming BlackRock Inc. target date funds, holding that individual plan participants' investment performance was too varied for the court to sign off on their claims as a group.
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March 10, 2026
Atkins Promises End To 'Duplicative' SEC-CFTC Enforcement
The U.S. Securities and Exchange Commission is in the process of updating its protocols for coordinating enforcement efforts with the Commodity Futures Trading Commission with an eye toward ending "duplicative enforcement actions," SEC Chair Paul Atkins said Tuesday.
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March 09, 2026
Musk's Team Warned 'WWIII' Over Twitter Deal, Atty Testifies
After Twitter sued Elon Musk for terminating his $44 billion deal to buy the social media platform, Musk's legal team said their client would launch "World War III" against the company's board if forced to go through with the transaction, a Wilson Sonsini lawyer who led the deal for Twitter told a California federal jury Monday.
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March 09, 2026
Edison Dodges Investors' Wildfire Mitigation Suit, For Now
A California federal judge tossed a proposed class action alleging the parent company of Southern California Edison misled investors about the effectiveness of the public utility company's wildfire-mitigation measures in the lead-up to last January's devastating fires north of Los Angeles, but allowed investors to rework part of the suit.
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March 09, 2026
Ohio Judge Won't Shield Kalshi's Sports Contracts
An Ohio federal judge declined to block Kalshi's sports event contracts from state gambling regulators' scrutiny in a Monday order that found the wagers don't appear to be swaps under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission.
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March 09, 2026
Trump Media Investor's Venue Bid Rejected By Fla. High Court
Florida's Supreme Court on Monday rejected a petition for review brought by an investor in President Donald Trump's Truth Social platform who challenged an order denying his motion to toss or transfer the company's lawsuit against him after he claimed it was filed in the wrong jurisdiction.
Expert Analysis
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5 E-Discovery Predictions For 2026 And Beyond
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.
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Where States Jumped In When SEC Stepped Back In 2025
The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.
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What's On Deck In Tribal Nations' Prediction Markets Litigation
Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.
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Reviewing Historical And Recent NYDFS Blockchain Guidance
Excerpt from Practical Guidance
An industry letter released in the fall by the New York State Department of Financial Services, together with guidance issued over the past decade, signals a heightened regulatory expectation for covered institutions regarding the use of blockchain analytics and requires review, says Nicole De Santis at Nomadis Consulting.
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SEC Virtu Deal Previews Risks Of Nonpublic Info In AI Models
The U.S. Securities and Exchange Commission’s recent settlement with Virtu Financial Inc. over alleged failures to safeguard customer data raises broader questions about how traditional enforcement frameworks may apply when material nonpublic information is embedded into artificial intelligence trading systems, says Braeden Anderson at Gesmer Updegrove.
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Series
Judges On AI: How Courts Can Boost Access To Justice
Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.
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Examining Privilege In Dual-Purpose Workplace Investigations
The Sixth Circuit's recent holding in FirstEnergy's bribery probe ruling that attorney-client privilege applied to a dual-purpose workplace investigation because its primary purpose was obtaining legal advice highlights the uncertainty companies face as federal circuit courts remain split on the appropriate test, say attorneys at Proskauer.
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Hot Topics For Family Offices In 2026
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.
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Opinion
The Case For Emulating, Not Dividing, The Ninth Circuit
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.
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Banking M&A Outlook Reflects Favorable Regulatory Climate
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.
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ERISA Litigation Trends To Watch With 2025 In The Rearview
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.
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2025's Defining AI Securities Litigation
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.
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Series
Mass. Banking Brief: All The Notable Legal Updates In Q4
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.
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Series
Muay Thai Makes Me A Better Lawyer
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.
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Series
Law School's Missed Lessons: Intentional Career-Building
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.