Securities

  • March 02, 2026

    Uniswap, VC Backers Get Crypto Buyers' Suit Tossed Again

    A New York federal judge on Monday tossed the remaining claims in a proposed class action against Uniswap Labs and its venture capital backers that sought to hold them liable for the sale of so-called scam tokens on the decentralized Uniswap exchange, after the Second Circuit last year sent the case back to the district court for reconsideration.

  • March 02, 2026

    5th Circ. Presses McDermott Shareholders On Direct Claim

    A Fifth Circuit panel wanted to know why investors should get another shot at a direct class action alleging that McDermott International Inc. made misrepresentations about a $6 billion merger, asking Monday if the case before the court was "analogous" to a case alleging the company overpaid for the merger.

  • March 02, 2026

    Judge Signals Likely Trim Of Bitcoin Depot Data Breach Suit

    A Georgia federal judge signaled Monday that he would likely trim the range of claims that cryptocurrency ATM operator Bitcoin Depot is facing over allegations that the personal information of tens of thousands of American customers was compromised in a 2024 data breach.

  • March 02, 2026

    AI Drugmaker BioXcel Eyes $9.8M Investor Settlement

    BioXcel Therapeutics Inc., an artificial intelligence-driven drugmaker, has reached a $9.8 million settlement with investors to resolve claims that the company and its top brass deceived them about compliance problems with a clinical trial for a dementia drug.

  • March 02, 2026

    Bath & Body Works Brass Hid Growth Woes, Investor Claims

    Current and former brass of personal care retailer Bath & Body Works face a shareholder derivative suit alleging they downplayed certain growth strategy flops, hurting the company and investors when disclosures of those fumbles caused share prices to slide.

  • March 02, 2026

    Chancery Orders Receiver As EpicentRx Fails To Pay $425K

    The Delaware Chancery Court on Monday appointed a limited receiver to force clinical-stage biotech company EpicentRx to satisfy outstanding advancement and sanction obligations owed to its former corporate secretary Stephen Davis, finding that repeated contempt rulings and escalating fines failed to bring the company into full compliance.

  • March 02, 2026

    Meta Investor Suit Presses Ahead After High Court Pass

    Facebook parent company Meta can't shake an investor lawsuit over its actions in the wake of the Cambridge Analytica scandal, a California federal judge ruled after trimming some allegations from the case that at one point made its way up to the U.S. Supreme Court.

  • March 02, 2026

    SEC Drops Negligence Suit Against Ex-View CFO

    The U.S. Securities and Exchange Commission agreed to dismiss with prejudice its negligence claim against a former chief financial officer of "smart" glassmaker View Inc., after the agency secured partial summary judgment on other claims in the case last year.

  • March 02, 2026

    SEC Inks $200K Settlement In False PPE Press Release Suit

    The CEO and consultant of a consumer goods company will pay over $200,000 to settle the U.S. Securities and Exchange Commission's claims that they artificially inflated the company's share price by nearly 200% by disseminating a false press release at the beginning of the COVID-19 pandemic.

  • March 02, 2026

    Apple Execs Hit With Derivative Suit Over Alleged Monopoly

    A Florida police pension fund has hit Apple Inc.'s top brass with a derivative securities suit in California federal court, accusing them of breaching their fiduciary duties by profiting off of the company's anticompetitive conduct while exposing Apple to significant legal risks, which has already led to billions of dollars in fines.

  • March 02, 2026

    Norfolk Investors Seek Class Cert. In Rail Safety Claims Suit

    Investors suing Norfolk Southern and its top brass have asked a Georgia federal judge for class certification in a case alleging the railroad company made false claims about its safety culture and practices and deceived investors up until the fiery crash of one of the company's trains along the Ohio-Pennsylvania border in 2023.

  • March 02, 2026

    Fla. REIT Blames Ponzi Probe, Lawsuits In Ch. 11 Filing

    A real estate investment trust accused last year by Florida authorities of being a Ponzi scheme has filed for federal bankruptcy protection, claiming the state probe, a racketeering lawsuit from a talk show host and a U.S. Securities and Exchange Commission action tarnished its reputation.

  • March 02, 2026

    Senate Banking Dems Call For Binance Deal Compliance Probe

    Senate Democrats on the banking committee are pressing the U.S. Department of Justice and U.S. Department of the Treasury to investigate reports that cryptocurrency exchange Binance Holdings Ltd. could be flouting the requirements of a 2023 settlement agreement. 

  • March 02, 2026

    5th Circ. Hesitant To Pin Grandmother With Drug Smuggling

    A Fifth Circuit panel seemed wary of pinning an Oklahoma grandmother with a drug smuggling charge on top of an allegation of running a Ponzi scheme, asking Monday if failure to conduct due diligence is "all it takes to make them a drug conspirator."

  • March 02, 2026

    Attorney, Law Firm Seek Exit From EB-5 Fraud Suit

    An attorney and his law firm urged a Florida federal judge to throw out fraud claims a proposed class of EB-5 investors lodged against them over what they called a sham real estate development in Orlando, Florida.

  • March 02, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket last week featured headline-grabbing disputes involving fast food giant Jack in the Box and boxing legend Mike Tyson's cannabis venture, alongside high-stakes fights over merger documents, appraisal rights and a $75 million renewable energy funding clash.

  • March 02, 2026

    Eversheds Sutherland Adds WilmerHale Securities Atty In DC

    A longtime WilmerHale securities counsel has joined Eversheds Sutherland in Washington, D.C., where she'll work with the litigation team on complex securities enforcement matters and related regulatory investigations, the firm announced Monday.

  • February 27, 2026

    7th Circ. Rejects Firm's $237K Fee Bid From Investment Fund

    Ballard Spahr LLP does not have a valid claim to roughly $237,000 in unpaid legal fees it sought from a Wisconsin-based gem and fine metal investment fund that went through bankruptcy, the Seventh Circuit said Friday.

  • February 27, 2026

    KuCoin Operators Again Seek To Shed $1.2M Crypto Theft Suit

    Operators of cryptocurrency exchange KuCoin seek to shed the latest revision of a cryptocurrency theft victim's proposed class action, arguing that the amended suit's conversion and aiding and abetting allegations fare no better than the Racketeer Influenced and Corrupt Organizations Act and Bank Secrecy Act claims that were tossed in January.

  • February 27, 2026

    REIT Execs Hurt Investors With Dividend 'Reset,' Suit Says

    Real estate investment trust Franklin BSP Realty Trust Inc. is facing a proposed investor class action in New York federal court alleging it concealed the possibility that it would cut its quarterly dividend payouts, hurting investors when it announced a dividend "reset" and its share price subsequently fell.

  • February 27, 2026

    Morgan Stanley Joins Ranks Of OCC Crypto Bank Hopefuls

    Morgan Stanley has applied with the Office of the Comptroller of the Currency to launch a new crypto-focused national bank, adding its name to a growing list of institutions pursuing federal trust charters for digital asset businesses.

  • February 27, 2026

    2nd Circ. Affirms Norfolk's Win In Investors' Derailment Suit

    The Second Circuit on Friday declined to revive a suit by investors claiming railroad operator Norfolk Southern Corp. botched disclosures about how an efficiency plan might cause derailments, validating a lower court's interpretation that the statements about safety were inactionable puffery.

  • February 27, 2026

    SEC Moves To Toss Suit Over 'Accredited Investor' Rule

    The U.S. Securities and Exchange Commission is fighting a lawsuit challenging income limits that prohibit those making less than $200,000 a year from investing in the private markets, telling a Texas federal court that lifting income requirements could actually make it more difficult for businesses to find investors.

  • February 27, 2026

    SEC Issues Final Rules For Foreign Private Issuer Reporting

    The U.S. Securities and Exchange Commission on Friday adopted final rules requiring directors and officers of foreign private issuers to begin disclosing their holdings and transactions of the issuer's securities on March 18, as mandated under a new law aimed at cracking down on foreign insider trading.

  • February 27, 2026

    Musk Bid 'Too Late' To Delay Trial In Twitter Investor Suit

    With days before trial, a California federal judge denied a slew of motions filed by Elon Musk challenging investors' claim that the tech mogul ran a "scheme" to depress the price of Twitter securities during acquisition negotiations, saying Musk waited too long to try and toss the claim.

Expert Analysis

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

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    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • How Cos. Can Prep For Tightened Calif. Data Breach Notices

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    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.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    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.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    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.

  • How The SEC May Overhaul Its Order Protection Rule

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    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.

  • Why Appellees Should Write Their Answering Brief First

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    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.

  • Questions To Ask Your Client When Fraud Taints Financing

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    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.

  • 2nd Circ. Peloton Ruling Emphasizes Disclosure Context

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    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.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    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.

  • How Calif. High Court Is Rethinking Forum Selection Clauses

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    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.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    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.

  • Post-Genius Landscape Reveals Technical Stablecoin Hurdles

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    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.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    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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