Securities

  • September 17, 2025

    Colo. Woman Admits To $3.4M Money Laundering Scheme

    A Castle Rock woman on Wednesday pled guilty in Colorado federal court to one count of conspiracy to commit wire fraud, after she was accused earlier this year by the government of numerous counts of money laundering for stealing more than $3.4 million from people over the internet.

  • September 17, 2025

    Womble Bond Hires Longtime Clifford Chance Leader In DC

    Womble Bond Dickinson LLP has hired a career Clifford Chance LLP lawyer in Washington who served in a number of leadership roles with the firm in his more than 35 years there, including most recently as the global co-head of its risk team and leader of its U.S. regulatory investigations and financial crime group.

  • September 17, 2025

    NY Regulator Pushes Blockchain Analytics For Compliance

    New York's Department of Financial Services on Wednesday emphasized that it expects banks under its purview to incorporate blockchain analytics tools as part of their compliance programs if they're engaging in crypto activities.

  • September 16, 2025

    Feds Seek 12 Years For Frank Founder; She Wants No Prison

    The startup founder convicted of lying to JPMorgan Chase so it would buy her college-aid startup, Frank, for $175 million deserves a 12-year prison sentence, Manhattan federal prosecutors argued, countering her request that she serve no time.

  • September 16, 2025

    Denver Pastor's $3M Crypto Scheme Was Fraud, Judge Says

    A Colorado state court judge has entered a judgment of more than $3 million against a Colorado pastor and his wife, whom state regulators accused of inducing attendees of their online church to invest in a worthless cryptocurrency.

  • September 16, 2025

    Texas AG Probes Glass Lewis, ISS On ESG Advice

    The Texas Office of the Attorney General launched an investigation into Glass Lewis & Co. and Institutional Shareholder Services Inc., claiming Tuesday the proxy advisory firms misled public companies and institutional investors to push for left-wing social causes.

  • September 16, 2025

    Coinbase Asks DOJ To Push For Preemption In Crypto Bills

    Crypto exchange Coinbase has asked the U.S. Department of Justice to advocate for limiting states' authority to regulate the digital asset space in pending crypto market structure legislation, as Coinbase itself continues to battle state actions and navigate disparate licensure regimes.

  • September 16, 2025

    AT&T Wants Lead-Lined Cables Investor Suit Gone For Good

    AT&T says it's time for a Texas federal court to dismiss an investor suit accusing the mobile behemoth of misleading investors about the removal of lead-covered copper cables from its network, for good.

  • September 16, 2025

    Goldman, Morgan Stanley Beat Archegos Suit At 2nd Circ.

    The Second Circuit on Tuesday upheld the dismissal of a lawsuit accusing Goldman Sachs and Morgan Stanley of profiting off insider knowledge that the investment firm Archegos Capital Management was about to collapse, ruling that the companies had no duty to withhold from trading on the information.

  • September 16, 2025

    Wells Fargo Brass Reach Settlement In 'Sham' Hiring Suit

    Wells Fargo investors and executives have told a California federal judge they've reached a settlement in a derivative suit claiming the bank's leadership failed to address the company's discriminatory lending and hiring practices.

  • September 16, 2025

    Biz Groups Ask 9th Circ. To Block Calif. Climate Rules

    A coalition of business groups asked the Ninth Circuit to halt two new California climate regulations requiring large companies to publicly disclose their greenhouse gas emissions and climate-related financial risks, while they appeal a lower court's refusal to preliminarily block the rules that they say violate their First Amendment rights.

  • September 16, 2025

    Avalara Investors' Claims Pass Muster After 9th Circ. Revival

    A Washington federal judge has allowed a proposed class action to proceed accusing tax software company Avalara Inc. of misleading investors ahead of an $8.4 billion deal to take the company private, but said the suit failed to adequately allege negligence by individual board members, giving investors one week to amend those claims.

  • September 16, 2025

    BrainStorm Can't Shed Investors' ALS Treatment Trial Claims

    Biopharmaceutical company BrainStorm Cell Therapeutics Inc. must face a proposed investor class alleging it misrepresented feedback from the U.S. Food and Drug Administration regarding clinical trials for an ALS product candidate that failed to get approval, though a Manhattan federal judge has tossed the suit's insider trading allegations and certain fraud claims.

  • September 16, 2025

    Semiconductor Co. Must Face Pandemic Demand Suit

    Semiconductor manufacturer STMicroelectronics cannot escape a putative investor class action accusing it of failing to acknowledge pandemic-related demand declines, with a New York federal judge ruling the suit plausibly alleges that the company omitted material facts in its public statements.

  • September 16, 2025

    Influencers Walk Back Claim Of Capital One Settlement

    Attorneys for a proposed class of social media influencers on Tuesday withdrew a notice of settlement in their suit accusing Capital One of stealing commissions from creators, saying no settlement exists and that they signed the notice on Capital One's behalf without permission.

  • September 16, 2025

    Casino Giant Urges Fla. Court To Toss Bahamas Fraud Suit

    U.S.-based casino operator Genting Americas Inc. has urged a Florida federal court to dismiss a lawsuit alleging that it used a resort in the Bahamas to obscure fraudulent activities, saying the suing real estate company failed to deliver a proper amended derivative complaint ordered by a judge. 

  • September 16, 2025

    BlackRock Blames Coal Production Cuts On Falling Demand

    BlackRock Inc. told a Texas federal court that coal production has declined because demand from coal-fired power plants has been falling for years, not because asset managers conspired to pressure the producers.

  • September 16, 2025

    Twitter Stock Maven Tells Jury He Was 'Addicted' To Trading

    An Ohio salesman accused of securities fraud told a Manhattan federal jury Tuesday that he was hooked on trading penny stocks, after a rough morning of testimony during which a lawyer from the U.S. Securities and Exchange Commission forced him to admit his goal was to move share prices.

  • September 16, 2025

    SEC Blasts Thrivent's Attempt To 'Upend' FINRA Oversight

    The Securities and Exchange Commission is defending its refusal to amend three long-running arbitration rules adopted by the Financial Industry Regulatory Authority at the request of financial services organization Thrivent, urging the D.C. Circuit to reject the company's appellate petition and leave FINRA's arbitration rules as they are.

  • September 15, 2025

    Rent The Runway Gets Investor Suit Trimmed On 2nd Look

    Designer dress rental company Rent the Runway convinced a New York federal judge to trim certain shareholder claims against it after the judge reconsidered an earlier ruling on a putative class action suit that alleges the company failed to inform investors about major challenges it was facing prior to its 2021 initial public offering.

  • September 15, 2025

    Ex-Voyager CEO To Pay $750K To Resolve CFTC Action

    A New York federal judge signed off on a deal Monday that will have the former CEO of Voyager Digital pay $750,000 to resolve the U.S. Commodity Futures Trading Commission's claims he misled investors about the safety of the crypto lender prior to its collapse.

  • September 15, 2025

    SEC Says 'Nutrient Infused' Water Biz Was A $10.3M Fraud

    A phony dentist and his "nutrient infused" bottled-water company have agreed to settle U.S. Securities and Exchange Commission claims that they fraudulently raised $10.3 million from over 50 investors after he agreed to plead guilty to wire fraud in a parallel criminal case, the agency said Monday.

  • September 15, 2025

    Chancery OKs Public Access To Some SpaceX Suit Docs

    Nonprofit news organization ProPublica won a limited Delaware Court of Chancery order Monday for the contested release of some documents and video kept under seal in a Chinese company's suit against a private equity firm over a muffed deal to line up a $50 million investment in SpaceX.

  • September 15, 2025

    Investor Says $16M Ouraring Fight Shouldn't Go To Finland

    An early investor in the Oura health and fitness tracker is fighting Ouraring Inc.'s attempt to send his $16 million dispute to arbitration in Finland, saying there is no underlying agreement to arbitrate and his lawsuit should stay in California federal court.

  • September 15, 2025

    2nd Circ. Upholds Dismissal Of Libor Rigging Claims

    The Second Circuit on Monday affirmed the dismissal of investor lawsuits alleging multiple global banks, including UBS and Lloyds Bank, conspired to rig the benchmark interest rate Libor, which is tied to the British pound, finding the plaintiffs never showed they actually lost money from the alleged manipulation.

Expert Analysis

  • Compliance Essentials To Mitigate AI Crime Enforcement Risk

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    As artificial intelligence systems move closer to accurately mimicking human decision-making, companies must understand how the U.S. Department of Justice might prosecute them for crimes committed by AI tools — and how to mitigate enforcement risks, say attorneys at Paul Hastings.

  • Series

    Adapting To Private Practice: From US Attorney To BigLaw

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    When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.

  • How The DOJ Is Redesigning Its Approach To Digital Assets

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    Two key digital asset enforcement policy pronouncements narrow the Justice Department's focus on threats like fraud, terrorism, trafficking and sanctions evasion and dial back so-called regulation by prosecution, but institutions prioritizing compliance must remember that the underlying statutory framework hasn't changed, say attorneys at Blank Rome.

  • At 'SEC Speaks,' Leaders Frame New Views

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    At the Practising Law Institute's recent SEC Speaks conference, U.S. Securities and Exchange Commission leadership highlighted the agency's significant priority changes, including in enforcement, crypto and artificial intelligence, say attorneys at Perkins Coie.

  • The Ins And Outs Of Consensual Judicial References

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    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.

  • Calif. Digital Assets Proposal Provides Only Partial Clarity

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    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.

  • Staying The Course Amid Seismic DOJ White Collar Changes

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    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.

  • Opinion

    The BigLaw Settlements Are About Risk, Not Profit

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    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.

  • Del. Dispatch: A Look At Indemnification Notice Provisions

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    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.

  • Buyer Beware Of Restrictive Covenants In Delaware

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    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.

  • Series

    Brazilian Jiujitsu Makes Me A Better Lawyer

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    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.

  • Challenges For Fiduciaries Adding Crypto To 401(k) Plans

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    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.

  • Opportunities And Challenges For The Texas Stock Exchange

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    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.

  • Energy Order Brings Risks For Lenders And Borrowers Alike

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    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.

  • What's At Stake As Trump Admin Targets Carbon Markets

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    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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