Securities

  • November 25, 2025

    Texas Court OKs $46M Deal In GPB Capital Fraud Case

    A Texas federal court granted final approval of a deal requiring several auditors of GPB Capital to pay $46 million to end claims about their alleged role in a $1.8 billion fraud scheme at the private equity fund.

  • November 25, 2025

    ISS Updates Policy For Climate Change, Diversity Proxy Bids

    Proxy advisory firm Institutional Shareholder Services Inc. indicated Tuesday it has updated its policies for backing controversial shareholder proposals on corporate proxy ballots, opting to endorse diversity and climate change-related proposals on a case-by-case basis starting next year.

  • November 25, 2025

    Feds Advance Plans To Dial Back Leverage Capital Rules

    Federal regulators on Tuesday signed off on changes that will ease a key capital backstop for the biggest banks and unveiled a separate proposal to relax a simplified, optional capital standard for smaller banks.

  • November 25, 2025

    Investors Say Alexandria Overhyped Leasing, NYC Project

    Alexandria Real Estate Equities Inc. investors filed suit in California federal court Tuesday, claiming the real estate investment trust overstated the strength of its leasing business and the projected value of a New York City property, causing the company's stock price to drop once the truth came to light.

  • November 25, 2025

    Healthcare Software Founders Sue In Del. For Sale Details

    A couple who sold their healthcare software business to an interest of Elevate RCM Holdings LLC before the buyer allegedly resold it for a reported $1 billion sued for company records in Delaware's Court of Chancery late Monday, seeking documents needed to confirm the deal's fairness.

  • November 25, 2025

    Binance Faces New Terror Funding Suit From Oct. 7 Victims

    More than 300 survivors and family members of those harmed in the Oct. 7 attacks on Israel are suing cryptocurrency exchange Binance and its leadership for "knowingly, willfully, and systematically" assisting the groups that planned the attacks by concealing the movement of $1 billion.

  • November 25, 2025

    Ex-Nikola CEO Milton Can't Decertify Investor Suit

    An Arizona federal judge Tuesday rejected former Nikola CEO Trevor Milton's objections to certifying a class of shareholders accusing him and the electric vehicle startup of exaggerating the viability of its prospects, finding the investors have made reasonable progress toward contacting class members.

  • November 25, 2025

    Acadia Healthcare Investors Seek First OK For $179M Deal

    Acadia Healthcare Co. Inc. investors asked a Tennessee federal judge to grant the first green light to a $179 million settlement in a class action alleging the company misled them about the strength of its U.K. operations.

  • November 25, 2025

    Bridgepoint Buys Majority Stake In Crypto Audit Firm

    Middle-market private equity firm Bridgepoint Group, led by Cleary Gottlieb Steen & Hamilton LLP, on Tuesday revealed plans to take a majority stake in British digital asset assurance and technology solutions provider ht.digital, led by Dentons.

  • November 25, 2025

    Judge Hands SEC Win In Pharma Co.'s CBD Investor Fraud Case

    A California federal judge has granted the U.S. Securities and Exchange Commission an early win in its suit against Vivera Pharmaceuticals, its CEO and affiliate Sentar Pharmaceuticals, finding they misled investors about the company's rights to key cannabinoid drug-delivery technology and about how investor money would be spent.

  • November 25, 2025

    StubHub Hit With Investor Suit Over Pre-IPO Disclosures

    Online ticket reseller Stubhub was hit with a proposed shareholder class action in New York federal court accusing it and several of its executives and underwriters of concealing changes to the company's operations that would impact its free cash flow ahead of its initial public offering earlier this year.

  • November 25, 2025

    Ex-SEC Small Business Capital Leader Joins Michael Best

    The former director of a U.S. Securities and Exchange Commission office that identifies and addresses capital raising issues for small businesses has joined Michael Best & Friedrich LLP as a senior counsel, the firm announced.

  • November 25, 2025

    Cannabis Co. Says $1.5M Default In Contract Dispute Is Void

    A cannabis company is urging a Los Angeles state court to set aside a $1.5 million default judgment against it in a contract dispute, saying the judgment goes far beyond what's allowable under state law.

  • November 25, 2025

    DOL Seeks To End 5th Circ. Fiduciary Rule Battle

    The U.S. Department of Labor asked the Fifth Circuit to dismiss two appeals defending a package of Biden-era investment advice regulations that had expanded the definition of a fiduciary under the Employee Retirement Income Security Act, which two Texas courts had blocked in 2024.

  • November 25, 2025

    Del. Supreme Court Backs FloSports In Records Fight

    A fight among siblings over access to corporate records ended with the Delaware Supreme Court affirming that three stockholders of sports streaming platform FloSports Inc. failed to follow the procedural steps required under the Delaware General Corporation Law.

  • November 24, 2025

    Pa. Panel Upholds Trustee's Conviction Over Drained Account

    A Pennsylvania appellate panel upheld a business owner's conviction and sentence for draining his grandparents' investment account to support his floundering seafood company, finding Monday that he never got the needed approvals from his father and uncle.

  • November 24, 2025

    Investor Alleges Real Estate Fund Fraud In Del. Suit

    Alleging Ponzi scheme-like conduct, limited partners in Florida-based Whitestone Real Estate Fund III (GP) accused the business and its affiliates of shuffling through hundreds of related party transactions without board approval, in an 11-count Delaware Court of Chancery suit that includes fraud claims and seeks appointment of a receiver.

  • November 24, 2025

    Crypto Cos. Seek OK Of $2.5M Iceland Mining Facility Award

    Two cryptocurrency companies have asked a New York federal court to enforce an approximately $2.5 million arbitral award against a project finance advisory firm in their contract dispute over investments in an Icelandic crypto mining facility.

  • November 24, 2025

    Credit Suisse Denies Role In Tech Exec's Alleged Stock Theft

    Credit Suisse has urged a New York federal judge to let it out of a lawsuit by an Aeva Technologies co-founder who claims the banking giant provided "institutional cover" to conspirators who allegedly stole tens of millions of dollars, arguing that it also fell victim to the scam.

  • November 24, 2025

    Schwab's Antitrust Deal Gets Final OK Over Objections

    The Charles Schwab Corp. and a group of investors Monday received a Texas federal judge's final approval of a settlement of a lawsuit challenging the financial services company's merger with TD Ameritrade on antitrust grounds, following dozens of objections by the Iowa attorney general and others.

  • November 24, 2025

    Fintech CEO Sues To Block SEC Case Filed Amid Shutdown

    The founder of Triterras Fintech has hit back against the U.S. Securities and Exchange Commission in D.C. federal court, alleging the agency violated the Anti-Deficiency Act by continuing its investigation of him and filing a fraud lawsuit during the government shutdown.

  • November 24, 2025

    CFTC Says 'Young Pros' Investment Firm Bilked $1M

    The U.S. Commodity Futures Trading Commission has accused two men of using their unregistered investment group to defraud over 30 investors out of $1 million with false promises of returns.

  • November 24, 2025

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week delivered a packed mix of fraud allegations, merger fallout, corporate-governance reforms and jurisdictional fights, while a new academic report ignited debate over attorney fee awards in Delaware's influential corporate forum.

  • November 24, 2025

    High Court Won't Revive UBS Retaliation Case Again

    The U.S. Supreme Court on Monday said it would not again take up a fired UBS worker's whistleblower retaliation lawsuit concerning whether the Sarbanes-Oxley Act requires whistleblowers to show proof of discrimination or proof of retaliation.

  • November 21, 2025

    FINRA Fines Nomura $625K Over Short Selling Rule Breaches

    A broker-dealer unit of Japanese financial services company Nomura Group has agreed to pay $625,000 to end Financial Industry Regulatory Authority claims tied to its compliance with short-selling regulations.

Expert Analysis

  • Patterns And Trends In Publicly Filed Insider Trading Policies

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    An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise.

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • How New Texas Law Targets ESG Proxy Advice

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    A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • 11th Circ. Ruling Shows Federal Question Jurisdiction Limits

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    The Eleventh Circuit's recent decision in AST Science v. Delclaux shows why it is extremely difficult for litigants to maintain a state law cause of action in federal court under Supreme Court precedent, says Paul Avron at Berger Singerman.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

    Excerpt from Practical Guidance
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    Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

  • Associates Can Earn Credibility By Investing In Relationships

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    As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

  • How The Genius Act May Aid In Fight Against 'Pig Butchering'

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    ​​​​​​​The recently enacted Genius Act represents a watershed moment in the fight against crypto fraud, providing new tools to freeze and recover funds that are lost to scams such as "pig butchering" schemes executed from scam factories abroad, but there are implementation challenges to watch, say attorneys at Treanor Devlin.

  • Traditional Venue Theories May Not Encompass Crypto Fraud

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    A New York federal court's recent decision in U.S. v. Eisenberg, overturning a jury verdict against a crypto trader on venue deficiencies and insufficient evidence, highlights the challenges of prosecutions in the decentralized finance space, and will no doubt curtail law enforcement's often overly expansive view of jurisdiction and venue, say attorneys at Venable.

  • A Shifting Trend In FDA Form 483 Disclosure Obligations

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    A New York federal court's Checkpoint Therapeutics decision extends a recent streak of dismissals of securities class actions alleging that pharmaceutical companies failed to disclose U.S. Food and Drug Administration Form 483 inspection reports, providing critical guidance for companies during the FDA approval process, say attorneys at Alston & Bird.

  • Filing Clarifies FTC, DOJ's Passive Investment Stance

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    The antitrust agencies' statement of interest filed in Texas v. Blackrock clarifies that certain forms of corporate governance engagement are permissible under the "solely for investment" exemption, a move that offers guidance for passive investors but also signals new scrutiny of coordinated engagement, say attorneys at Stinson.

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.

  • Genius Act Sets Stablecoin Standards — Without Regulation E

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    While the Genius Act expressly requires payment stablecoin issuers to be treated as financial institutions for purposes of the Bank Secrecy Act, it is notably silent as to whether they are to be treated as such under the Electronic Fund Transfer Act, as implemented by Regulation E, says Tom Witherspoon at Stinson.

  • Assessing Federal Securities Class Action Stats In '25 So Far

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    The settlement amount as a percentage of damages in securities class actions has continued to decline in the first half of 2025, a trend that may be important for assessing exposure and risk in future securities litigation, say analysts at Analysis Group.

  • NY Tax Talk: ALJ Vacancy, Online Sales, Budget

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    Among the most notable developments in New York tax law last quarter, an administrative law judge vacancy continued affecting taxpayers, a state court decision tested the scope of the Interstate Income Act, and Gov. Kathy Hochul signed the 2025-2026 fiscal budget containing key tax-related provisions, say attorneys at Eversheds Sutherland.

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