Securities

  • November 06, 2025

    $10M Fee Likely For Ross Aronstam In Wireless Co. Case

    A Delaware vice chancellor Thursday signaled he is prepared to award roughly $10 million in attorney fees to Ross Aronstam & Moritz LLP following the firm's successful challenge to an executive's ouster from Gabb Wireless, saying previous voting and settlement agreements include fee-shifting provisions that apply when a party must mitigate to protect bargained-for governance rights.

  • November 06, 2025

    Atty Exits Bankruptcy Case Amid Judge Romance Fallout

    The embattled wind-down trustee for defunct life insurance bond seller GWG Holdings in a Houston Chapter 11 case has resigned from the role amid the fallout from her secret romance with a then-bankruptcy judge in the Southern District of Texas.

  • November 06, 2025

    AI Developer Made $100M By Dumping Tokens, Suit Says

    A purported open-source artificial intelligence developer has been hit with a proposed class action accusing it of reaping over $100 million in ill-gotten gains by manipulating a token merger and breaching a covenant to develop AI tools in an "ethical and acceptable manner."

  • November 06, 2025

    SD Judge DQs Counsel, Denies Early Win In $1M Fraud Suit

    A South Dakota federal judge has disqualified a Miami attorney from defending an investment adviser in a $1 million fraud suit, finding the lawyer is likely to be a key witness in the case, on the same day she issued a separate order denying the adviser an early win on summary judgment.

  • November 06, 2025

    Ex-Goodwin Financial Services Leader Jumps To Covington

    A former Goodwin Procter LLP attorney with more than 20 years of experience advising clients on mergers and acquisitions and capital markets transactions has joined Covington & Burling LLP's Boston office as a partner and co-chair of the firm's financial services practice.

  • November 06, 2025

    Akerman Adds Alternative Investments Pro From Crowell

    Akerman LLP announced on Wednesday that it has hired a former Crowell & Moring LLP attorney with a history of working in-house for institutional investment firms.

  • November 06, 2025

    Samourai Wallet Exec Gets 5 Years In Crypto Laundering Case

    A Manhattan federal judge sentenced the CEO of crypto mixer Samourai Wallet to five years in prison Thursday after he admitted that his business facilitated big-dollar transfers derived from criminal activity including narcotics trafficking and extortion.

  • November 05, 2025

    Fed Signs Off On Revamp To Ease Big-Bank Ratings

    The Federal Reserve said Wednesday that it has finalized an overhaul to its supervisory ratings system for large banks, adopting changes that will allow more of these lenders to qualify as "well managed."

  • November 05, 2025

    Helium Financial Says Fired Employees Nabbed Trade Secrets

    Two former employees of Washington-based Helium Financial Group LLC stole trade secrets and used them to start their own wealth management firm after they were fired, allowing them to create "a 'clone' of Helium's business model in startup form," Helium claimed in a lawsuit filed Wednesday in Seattle federal court

  • November 05, 2025

    Hedge Fund Fired Whistleblower Compliance Chief, Suit Says

    The onetime U.S. compliance head of British hedge fund Capula Investment Management LLP has sued his former employer for allegedly retaliating against him after he blew the whistle internally on issues including the use of investor funds for expenses such as artwork and private jet travel.

  • November 05, 2025

    Institutional Investors Rip SEC's 'Radical' Forced Arb. Policy

    A coalition of more than 60 major institutional investors and pension systems slammed the U.S. Securities and Exchange Commission's recent "radical" policy reversal allowing some newly public companies to adopt mandatory arbitration clauses, arguing the move harms both investors and companies, which will face "numerous, time-consuming and costly individual arbitrations."

  • November 05, 2025

    Ex-SEC Attys Urge Full 9th Circ. Review of Zillow Decision

    Law professors and two former general counsel of the U.S. Securities and Exchange Commission have voiced support for Zillow Group Inc.'s bid for the Ninth Circuit to take a second look at its high-profile securities case, arguing that the full court should review a September ruling that upheld class certification in an investor suit over the real estate site's now-shuttered home-buying program.

  • November 05, 2025

    Virgin Galactic Investors Push For Approval Of $8.5M Deal

    Virgin Galactic agreed to pay $8.5 million to resolve a proposed class of investors' accusations that the space tourism company failed to disclose safety issues from two test flights, according to a motion to approve the deal filed Tuesday in New York federal court.

  • November 05, 2025

    Energy Co. Execs Lied About Biz, Mont. Project, NJ AG Says

    Two Breezy Point Energy executives duped investors into pouring more than $3 million into a renewable energy project in Montana that was never in development, while using the money to cut themselves big salaries, rent a mansion and lease luxury cars, New Jersey prosecutors announced Wednesday. 

  • November 05, 2025

    Kalshi, Robinhood Say Tribes' Gaming Law Case Lacks Merit

    Kalshi and Robinhood have told a California federal judge that Native American tribes in the state can't bring claims that the trading platforms ran a criminal racket and flouted laws protecting tribal gaming by offering their sports event contracts, since the wagers are ultimately overseen by federal commodity laws.

  • November 05, 2025

    Smart Lock Co. Investors Seek Final OK Of $2M Settlement

    Investors in the smart lock system company formerly known as Latch sought an initial nod for their $1.95 million settlement of claims that the company misrepresented "nearly every key business metric" it tracked in the lead-up to its 2021 go-public merger with a special purpose acquisition company.

  • November 05, 2025

    Aerospace Co. Urges Justices To Hear 'Toxic Lender' Case

    Aerospace company Xeriant Inc. is petitioning the U.S. Supreme Court to hear a lawsuit over a stock-as-collateral loan it entered into with Auctus Fund LLC, arguing the Second Circuit's dismissal of the case clashes with another circuit decision that allowed the U.S. Securities and Exchange Commission to pursue so-called toxic lenders in the microcap space.

  • November 05, 2025

    Celgene Inks $239M Investor Deal Over Drug Pipeline Claims

    Celgene Corp. has agreed to a $239 million settlement with investors to resolve claims that the biopharmaceutical company hyped up its share price by failing to disclose timeline and growth problems with two of its drugs, ending the case after seven years of litigation and with a January 2026 trial date looming.

  • November 05, 2025

    Quantum Again Faces Investor Suit Over Reporting Errors

    A Quantum Corp. shareholder has filed a federal lawsuit against the Colorado-based data storage company, alleging its leadership made false and misleading statements about its accounting practices that have and will continue to cost the company millions.

  • November 05, 2025

    Jones Day Hires Ex-Coinbase Associate GC In San Diego

    Jones Day has added to its San Diego cybersecurity practice a former member of Coinbase's commercial litigation team, the firm announced.

  • November 05, 2025

    American Airlines Workers' Attys Seek $8M In ESG Battle

    Class counsel representing American Airlines workers who prevailed on claims their employer violated federal benefits law by allowing an unchecked emphasis on environmental, social and governance factors in their employee retirement plan asked a Texas federal court for $7.9 million in fees.

  • November 05, 2025

    EQT Gets Final OK For $168M Merger Benefits Settlement

    A federal court gave its final approval Tuesday to a $167.5 million settlement between EQT Corp. and its shareholders, closing out a class action that claimed the company overstated the operational benefits of its $6.7 billion merger with Rice Energy in 2017.

  • November 05, 2025

    Del. Justices Hear Early Challenge To Corp. Law Amendments

    Delaware's corporate litigation elites squared off before the state's Supreme Court on Wednesday over arguments that state lawmakers either righted — or subverted — the Court of Chancery's equity powers in amending the state's General Corporation Law earlier this year.

  • November 05, 2025

    Ex-Startup Exec Who Helped Defraud JPMorgan Gets 68 Mos.

    A Manhattan federal judge hit an Israeli businessman with 68 months in prison Wednesday for joining with Frank founder Charlie Javice to trick JPMorgan into buying their failed financial aid startup for $175 million by using faked customer data.

  • November 05, 2025

    JPMorgan Latest Big Bank To Disclose 'Fair Banking' Scrutiny

    JPMorgan Chase & Co. has disclosed that it is responding to government inquiries tied to President Donald Trump's "fair banking" executive order targeting alleged political and religious discrimination by financial institutions, following a similar disclosure from Bank of America Corp.

Expert Analysis

  • US-German M&A Hits Its Stride Despite Economic Headwinds

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    Against expectations, dealmakers in both the U.S. and Germany are actively seeking investment opportunities in each other's markets, with 2025 shaping up to be the strongest year in recent memory, say attorneys at White & Case.

  • Enter The Wu-Tang Ruling That May Change Trade Secret Law

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    A New York federal court's recent holding that a Wu-Tang Clan album qualifies as a trade secret provides the first federal framework for analyzing trade secret claims involving assets valued primarily for exclusivity, potentially reshaping Defend Trade Secrets Act jurisprudence for the digital economy, says Jason Bradford at Jenner & Block.

  • How Financial Cos. Can Prep As NYDFS Cyber Changes Loom

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    Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury.

  • Opinion

    Ending Quarterly Reporting Would Erode Investor Protection

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    President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti.

  • Series

    Adapting To Private Practice: 3 Tips On Finding The Right Job

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    After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.

  • A Look At Project Crypto's Plans For Digital Asset Regulation

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent announcement of Project Crypto, an agencywide initiative to modernize federal securities regulations, signals a significant shift toward a more flexible regulatory framework that would shape the future of the U.S. digital asset market, say attorneys at WilmerHale.

  • Series

    Painting Makes Me A Better Lawyer

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    Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.

  • 3 Trends From AI-Related Securities Class Action Dismissals

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    A review of recently dismissed securities class actions centering on artificial intelligence highlights courts' scrutiny of statements about AI's capabilities and independence, and sustained focus on issues that aren't AI-specific, say attorneys at Alston & Bird.

  • CFTC, SEC Joint Statement Highlights New Unity On Crypto

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    The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission's recent joint statement announcing a cross-agency initiative enabling certain spot crypto-asset products to trade on regulated exchanges is the earliest and most visible instance of interagency cooperation on crypto regulation, say attorneys at Morgan Lewis.

  • Regulatory Uncertainties Loom As Fed Ends Crypto Oversight

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    The Federal Reserve Bank's recently ended crypto supervisory program headlines other recent federal actions from Congress, the White House and relevant agencies that may complicate financial institutions' digital-asset use and attendant compliance strategies, say attorneys at Buchalter.

  • Opinion

    SEC Arbitration Shift Is At Odds With Fraud Deterrence

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    The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller.

  • Better Crypto Insurance Is Attainable Amid Regulatory Shifts

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    With regulatory clarity improving and insurance carriers taking an increasingly constructive approach, crypto industry participants can improve their insurance coverage and pricing if finance, legal and compliance teams take specific steps, say Walker Newell and Jacob Sawyer at Woodruff-Sawyer.

  • Protecting Sensitive Court Filings After Recent Cyber Breach

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    In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.

  • Series

    NC Banking Brief: All The Notable Legal Updates In Q3

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    There were several impactful changes to the financial services landscape in North Carolina in the third quarter of the year, including statutory updates, enforcement developments from Office of the Commissioner of Banks, and notable mergers, acquisitions and branch expansions, say attorneys at Moore & Van Allen.

  • Despite Fraud Focus, SEC Still Targeting Technical Violations

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    The U.S. Securities and Exchange Commission under Chairman Paul Atkins has emphasized its back-to-basics strategy, focusing on identifying and combating fraud and manipulation, but at the same time, it has continued to pursue nonfraud-based actions targeting technical rule violations, a trend that will likely continue, say attorneys at Morgan Lewis.

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