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Securities
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									September 19, 2025
									SEC Walks Away From Ozy Media, Stanford Fraud CasesThe U.S. Securities and Exchange Commission has walked away from its $50 million case against former Ozy Media Inc. founder Carlos Watson after President Donald Trump granted him clemency earlier this year, and also dropped a long-dormant case against a co-conspirator in Robert Allen Stanford's $7 billion Ponzi scheme. 
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									September 19, 2025
									Dems Want Answers On Delayed FinCEN Adviser RuleSen. Elizabeth Warren and other congressional Democrats have pressed Treasury Secretary Scott Bessent on the department's decision to postpone a rule they said addresses a money laundering vulnerability of the U.S. investment adviser sector, saying the decision puts national security and the economy at risk. 
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									September 19, 2025
									FTX Trust Says Bankruptcy Laws Apply To Binance FounderThe recovery trust created by the Chapter 11 plan of cryptocurrency exchange FTX told a Delaware judge late Thursday that the bankruptcy court has jurisdiction over Binance and its founder in a $1.76 billion clawback suit, and that bankruptcy laws apply to entities outside the United States. 
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									September 19, 2025
									Dow Faces Suit Alleging Misleading Tariff Impact ClaimsChemicals company Dow Inc. and several of its executives and board members have been hit with a shareholder derivative suit in Michigan federal court alleging that company leadership overstated its ability to navigate global economic challenges, harming the company and shareholders. 
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									September 19, 2025
									SEC Fines Bloomberg Unit $5M Over False Market Data ClaimsThe U.S. Securities and Exchange Commission and Bloomberg Tradebook LLC have reached a $5 million settlement to resolve claims that the broker-dealer made false and misleading statements to customers about the speed at which it displayed market data from U.S. options exchanges. 
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									September 19, 2025
									Capital One, Influencers Announce Deal After Earlier FlubTwo days after an initial filing was withdrawn, Capital One and a proposed class of influencers say they now indeed have a deal to settle a lawsuit over claims the bank helped itself to funds meant for the influencers using its browser extension. 
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									September 19, 2025
									MongoDB Directors, Officers Sued In Del. Over TradingA stockholder of software venture MongoDB sued a dozen company directors and key officers in Delaware's Court of Chancery late Thursday, seeking to recover more than $240 million allegedly lost in part to trading by insiders after the release of what the complaint said were unsupported, upbeat growth forecasts and business model changes. 
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									September 19, 2025
									Off The Bench: Briefings On Trans Ban, New Kalshi ConflictsIn this week's Off The Bench, the U.S. Supreme Court receives initial briefs from West Virginia and Idaho regarding their bans on gender identity-based participation in school sports, Kalshi is taken to court by another state over its event contract offerings, and Washington, D.C.'s National Football League team takes a major step toward returning to its namesake city. 
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									September 19, 2025
									Gold Star Mother Accuses Atty Of Malpractice In Fraud CaseThe mother of a deceased Army service member is suing a high-profile military-focused attorney in New Jersey federal court, alleging the attorney blew her chance at recouping money from a convicted fraudster who preyed on military families. 
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									September 19, 2025
									SEC Wins 'Scalping' Trial Against Penny Stock TraderA Manhattan federal jury held an Ohio man liable on Friday in a case brought by the U.S. Securities and Exchange Commission alleging he fraudulently earned over $2.5 million by buying up penny stocks, hyping them online and then selling for gains in a "scalping" scheme. 
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									September 18, 2025
									Ex-FBI Informant Gentile Owes SEC Over $15.5M, Judge RulesA onetime FBI informant and his shuttered, unregistered broker-dealer owe the U.S. Securities and Exchange Commission monetary obligations of over $15.5 million before interest, a Miami federal judge has determined, though the defendant's attorneys said Thursday he plans to appeal. 
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									September 18, 2025
									BofA Unit To Pay $5.6M To End DOJ Market Manipulation CaseThe U.S. Department of Justice said Thursday that an investment banking arm of Bank of America Corp. will pay roughly $5.6 million to resolve a criminal investigation into market manipulation allegations involving two now-former traders on its U.S. Treasurys desk. 
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									September 18, 2025
									SEC Eases Path For Crypto ETPs With New Listing RulesThe U.S. Securities and Exchange Commission has eased a key part of the listing process for crypto exchange-traded products, and attorneys say the move may create a shorter path to market for years to come. 
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									September 18, 2025
									SEC Drops Hunter Biden Biz Pal's Case After Trump PardonThe U.S. Securities and Exchange Commission has voluntarily dismissed its civil claims against Hunter Biden's former business partner Devon Archer, who President Donald Trump pardoned earlier this year after he was convicted of helping to execute a $60 million bond scam against a South Dakota tribal corporation. 
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									September 18, 2025
									Arbitration Clauses Won't Protect IPOs From Investor SuitsWith the U.S. Securities and Exchange Commission greenlighting the use of mandatory arbitration clauses for newly public companies, securities litigation experts are waiting to see whether any company is willing to risk the almost inevitable legal blowback that will come with taking advantage of the policy. 
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									September 18, 2025
									Calif. Judge Pauses US Suit Over $380M PetroSaudi AwardA California federal judge has paused the U.S. government's lawsuit targeting a PetroSaudi unit's $380 million arbitral award over its purported connection to funds embezzled from Malaysia, saying uncertainty remains over related proceedings in the Cayman Islands and Barbados. 
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									September 18, 2025
									Cytokinetics Investor Sues Over Heart Drug Approval ClaimsBiopharmaceutical company Cytokinetics and its CEO have been hit with a proposed investor class action in California federal court alleging they made false and misleading statements about the regulatory timeline for one of the company's new drugs, which caused a share price drop when the truth came to light. 
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									September 18, 2025
									Dems Demand DOJ Explain Binance Plea Deal ComplianceU.S. Sen. Elizabeth Warren and two of her Democratic colleagues have asked U.S. Attorney General Pam Bondi for information on Binance's compliance with its 2023 plea agreement stemming from anti-money laundering lapses, pointing to President Donald Trump's ties to the crypto exchange. 
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									September 18, 2025
									Crypto Promoter Gets Prison For $14M Forcount FraudA Manhattan federal judge Thursday sentenced a promoter of the fake cryptocurrency outfit Forcount Trader Systems Inc. to a year and a day in prison for his role in a $14 million Ponzi and pyramid scheme that defrauded thousands of primarily Spanish-speaking investors around the globe. 
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									September 18, 2025
									SafeMoon Ch. 7 Trustee Pitches $12M SettlementCryptocurrency asset company SafeMoon US LLC's Chapter 7 trustee has asked a Utah bankruptcy judge to approve a settlement for a class action alleging the company defrauded investors, saying the deal to pay plaintiffs at least $12 million is fair and wise. 
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									September 18, 2025
									Jury Mulls Claims Man Duped Penny Stock Traders On TwitterA Manhattan federal jury on Thursday weighed fraud claims against an Ohio salesman from securities regulators who say he duped other traders as he took in over $2.5 million buying penny stocks, hyping shares on Twitter before selling in a "scalping" scheme. 
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									September 18, 2025
									Conn. Banking Chief Orders $4.9M Restitution In School FraudConnecticut's banking commissioner has ordered two companies connected to Putnam Science Academy, a private high school in northeastern Connecticut, and two of its leaders to repay investors more than $4.9 million for allegedly perpetrating an affinity fraud scheme. 
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									September 18, 2025
									Firms Look To Drop Shareholder Client Sapien In Linqto Ch. 11Lawyers for Sapien Group, a shareholder that has taken an active role in investment platform Linqto's Chapter 11 in Texas, have asked to withdraw from the case — saying their client has not paid outstanding legal bills. 
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									September 18, 2025
									Tech Funds Sue Crypto Data Co. Over 'Pay-to-Play' DealDigital asset data firm Lukka Inc. has been sued in Delaware's Chancery Court by two London-based investment funds seeking to halt the firm's "pay-to-play" financing scheme they say would strip away their rights and senior equity position. 
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									September 18, 2025
									Chinese Aircraft Co., Investors Ink $1.9M Deal Over 'Fake' SalesA California federal judge has granted the first green light to a $1.9 million settlement between investors and Chinese autonomous aircraft company EHang to resolve claims the company made false and misleading statements about pre-orders for its autonomous aerial vehicles. 
Expert Analysis
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								The Ins And Outs Of Consensual Judicial References  As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury. 
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								Calif. Digital Assets Proposal Provides Only Partial Clarity  Recently proposed regulations under California's Digital Financial Assets Law answer some important questions about the new regime, particularly regarding its interaction with the state's money transmission law, but many key compliance questions remain, say attorneys at Stinson. 
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								Staying The Course Amid Seismic DOJ White Collar Changes  While some of the big changes at the U.S. Department of Justice during the second Trump administration — like an embrace of cryptocurrency and more politicized prosecutions — were expected, there have also been surprises, so practitioners should advise clients to stay focused on white collar compliance in this unpredictable environment, say attorneys at Keker. 
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								Opinion The BigLaw Settlements Are About Risk, Not Profit  The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale. 
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								Del. Dispatch: A Look At Indemnification Notice Provisions  The Delaware Supreme Court's recent decision in Thompson Street Capital Partners v. Sonova U.S. Hearing Instruments serves as a reminder that noncompliance with contractual requirements for an indemnification claim notice may result in forfeiture of the indemnification right, depending on both the agreement language and the circumstances, say attorneys at Fried Frank. 
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								Buyer Beware Of Restrictive Covenants In Delaware  Based on recent Delaware Chancery Court opinions rejecting restricted covenants contained in agreements in the sale-of-business context, businesses need to craft narrowly tailored restrictions that have legitimate interests, say attorneys at Saul Ewing. 
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								Series Brazilian Jiujitsu Makes Me A Better Lawyer  Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg. 
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								Challenges For Fiduciaries Adding Crypto To 401(k) Plans  As cryptocurrencies gain popularity and their restrictions loosen, investors may become interested in adding crypto options to their retirement plans, but fiduciaries should consider how to balance the increased demand and their obligations under the Employee Retirement Income Security Act, say attorneys at Jenner & Block. 
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								Opportunities And Challenges For The Texas Stock Exchange  While the new Texas Stock Exchange could be an interesting alternative to the NYSE and the Nasdaq due to the state’s robust economy and the TXSE’s high-profile leadership and publicity opportunities for listings, its success as a national securities exchange may hinge on resolving questions about its regulatory and cost advantages, say attorneys at Norton Rose. 
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								Energy Order Brings Risks For Lenders And Borrowers Alike  A recent executive order directing the attorney general to submit a report next month with recommendations for halting enforcement of state laws the administration says are hampering energy resources presents risks for lenders and borrowers using state-generated carbon credits, but proactive steps now can help insulate against adverse consequences, say attorneys at Faegre Drinker. 
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								What's At Stake As Trump Admin Targets Carbon Markets  Trading in greenhouse gas emissions and reductions has long been touted as a way to leverage market forces to tackle climate change cost-effectively, and that theory may be put to the test amid momentous progress and fresh challenges, particularly as the Trump administration takes aim at climate initiatives, say attorneys at DLA Piper. 
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								Series Power To The Paralegals: An Untapped Source For Biz Roles  Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler. 
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								The Legal Risks Of US Restrictions On Investments In China  The second Trump administration has continued to embrace a more restrictive economic policy toward China, including an ongoing review of further restrictions on the flow of U.S. capital to China, so early planning and enhanced diligence can reduce exposure to the challenges resulting from further restrictions, say attorneys at Cleary. 
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								Using Federal Forum Provisions To Nix State Securities Cases  A California appeals court's recent decision in Bullock v. Rivian clarifies that underwriters may enforce federal forum provisions to escape state court Securities Act claims, marking progress in restoring such lawsuits to federal court and reducing the litigation costs arising from duplicative state court litigation, say attorneys at Paul Weiss. 
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								Series Playing Poker Makes Me A Better Lawyer  Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.