Securities

  • February 24, 2026

    6th Circ. Affirms Dismissal Of Sotera Toxic Gas Investor Suit

    The Sixth Circuit on Tuesday affirmed a lower court's dismissal of an investor lawsuit accusing Sotera Health Co. of concealing the carcinogenic nature of a gas used at its sterilization plants, finding Sotera did not make any actionable false or misleading statements to investors.

  • February 24, 2026

    Protective Gear Co. Misled On Tariffs, Acquisitions, Suit Says

    Protective apparel company Lakeland Industries Inc. has been hit with an investor's proposed class action accusing it of damaging shareholders with misleading statements about the value of two companies it had acquired and the impact of tariffs.

  • February 24, 2026

    Denver Schools Face Racketeering, Mortgage-Scheme Suit

    A group of parents with students in the Denver Public Schools system claimed in a complaint Tuesday that DPS has illegally been mortgaging numerous school district-owned properties for decades, which has created a "financial catastrophe" and "extraordinary debt situation" for the school district.

  • February 24, 2026

    Tether, Bitfinex Investors Win Cert. In Bitcoin Rigging Suit

    A group of Tether and Bitfinex investors who acquired bitcoin or Ethereum scored class certification in their case accusing the digital asset companies of rigging the cryptocurrency market and costing them hundreds of billions of dollars, according to a sealed opinion issued Monday by a New York federal judge. 

  • February 24, 2026

    Jack In The Box Sued Over 'Poison Pill' Blocking Investor

    Activist investor Biglari Capital sued Jack In The Box Inc. and its board in Delaware Chancery Court, challenging their efforts to adopt a so-called poison pill that would block Biglari Capital from acquiring more than 12.5% of common stock in a hostile takeover.

  • February 24, 2026

    Software Co. Five9 Can't Shake Investor's Growth Slash Suit

    Call center software company Five9 Inc. must face a proposed investor class action alleging it concealed struggles to meet its revenue guidance, hurting investors when trading prices fell in 2024 after it abruptly slashed its financial projections for the year.

  • February 24, 2026

    Justices Urged To Restore 'Critical Limits' To SEC Sanction

    The U.S. Supreme Court should make it clear that the U.S. Securities and Exchange Commission cannot seek disgorgement from wrongdoers without first identifying victims who have suffered financial harm, the justices heard as briefing got underway in a case that could curb the agency's ability to collect money from alleged fraudsters. 

  • February 24, 2026

    SEC Lays Out New Enforcement Vision In Revised Guidelines

    The U.S. Securities and Exchange Commission on Tuesday updated its enforcement manual for the first time in eight years, saying that the changes were part of an effort to build a fairer and more transparent investigative process.

  • February 24, 2026

    Feds' White Collar Crime Enforcement 'Retreat' Raises Alarms

    Money laundering-related fines and tax fraud investigations plummeted last year as President Donald Trump shifted federal agents away from combating financial crime to focus on the immigration crackdown, according to recent reports that have raised alarms among experts about the state of white collar enforcement in the U.S.

  • February 24, 2026

    Terraform Says Jane Street 'Insider Trading' Led To Ch. 11

    The administrator for bankrupt cryptocurrency company Terraform Labs has sued trading firm Jane Street in New York federal court over what Terraform says was an insider trading scheme to "front-run trading that hastened the collapse of Terraform."

  • February 24, 2026

    Banking Groups Say Reg Tweaks Would Bolster Home Loans

    A coalition of banking trade groups and related entities urged federal regulators to adopt revisions to bank capital requirements, including adopting a more granular approach to residential mortgage loan risk weighting, to encourage banks' reentry into mortgage lending.

  • February 24, 2026

    WisdomTree Gets SEC Nod For 24/7 Trading Of Digital Fund

    The U.S. Securities and Exchange Commission gave WisdomTree the green light to offer round-the-clock trading and settlement for its tokenized money market fund offering in a first-of-its-kind approval, according to the financial product issuer's Tuesday announcement.

  • February 24, 2026

    SEC's Crypto Task Force Taps Chainlink Atty As Chief Counsel

    The U.S. Securities and Exchange Commission has brought on the former deputy general counsel of blockchain app development platform Chainlink to lead the agency's Crypto Task Force after its previous chief, Michael Selig, left to lead the U.S. Commodity Futures Trading Commission.

  • February 24, 2026

    Securities Group Of The Year: Weil

    Weil Gotshal & Manges LLP's attorneys secured a win for chipmaker Silicon Motion Technology Corp. in a securities fraud class action over a busted $3.8 billion merger, earning it a spot among the 2025 Law360 Securities Practice Groups of the Year.

  • February 24, 2026

    Calif. Firm Says Texas Immunity Law Blocks $11M Fee Suit

    A California law firm is urging an Austin federal judge to dismiss claims that it participated in unlawfully withholding $11 million in attorney fees from a Texas law firm that allegedly helped secure a nine-figure verdict against Walmart, arguing a Texas immunity law protects the Golden State firm from being held liable to non-clients.

  • February 24, 2026

    SEC Secures Judgment Against Athlete-Targeting Fraudster

    The U.S. Securities and Exchange Commission has won a civil judgment against a Colorado man who pled guilty to defrauding investors, including professional athletes, out of more than $1.2 million, securing an additional $438,000 for the government.

  • February 24, 2026

    Wells Fargo Denies Involvement In Alleged Fla. EB-5 Fraud

    Wells Fargo urged a Florida federal court to dismiss it from a proposed class action from EB-5 investors who say the bank facilitated a fraudulent real estate project in Orlando, Florida, arguing the complaint is an untimely "misguided attempt to saddle Wells Fargo with liability."

  • February 23, 2026

    Zynex Faces Securities Suit Following Arrest Of Former Execs

    After being arrested last month on charges of securities fraud and conspiracy, the former CEO and ex-chief compliance officer of bankrupt medical device maker Zynex have been hit with a securities class action that alleges they and others caused the company to engage in fraudulent billing practices that inflated its stock price and led to investor losses once the truth came to light.

  • February 23, 2026

    Corcept Mischaracterized Drug Approval Odds, Investor Says

    Pharmaceutical company Corcept Therapeutics Inc. faces a proposed investor class action alleging it overstated approval prospects for a Cushing's syndrome drug candidate, hurting investors when its trading prices halved after it disclosed the U.S. Food and Drug Administration wouldn't accept the approval bid.

  • February 23, 2026

    Court Rejects $5.8M Fee Bid In Puerto Rico Funds Case

    A Puerto Rico federal judge denied an investment firm's bid for $5.8 million in attorney fees after the firm brought successful countersuit claims against investors, finding that the commonwealth's corporations law, which governs the case, prohibits legal fees absent a finding of obstinacy.

  • February 23, 2026

    FINRA Eyes Looser Broker Communication Rules

    The Financial Industry Regulatory Authority has proposed allowing broker-dealers to provide the public with information about the projected financial performance of a security or securities portfolio, revisiting a rulemaking initiative that has sat stale for the past two years.

  • February 23, 2026

    7th Circ. Orders Deeper Probe Of $13M Fraudster's Severance

    A "highly suspect" severance payment a home building company made to a $13.7 million trading fraudster who also stole from the business should be further examined before a district court determines whether the payment violated a pending asset citation order, the Seventh Circuit said Monday.

  • February 23, 2026

    Bernstein Litowitz To Lead Fortinet Investors' Suit

    Bernstein Litowitz Berger & Grossmann LLP will lead a consolidated securities suit accusing cybersecurity company Fortinet of overstating an expected revenue boost related to customer software upgrades.

  • February 23, 2026

    SEC Says PPE Distributor Fabricated Pandemic-Era Deal

    The U.S. Securities and Exchange Commission filed a suit Monday accusing the CEO and consultant of a consumer goods company of artificially inflating the company's share price by nearly 200% by disseminating a false press release touting $10 million in orders for health supplies at the beginning of the COVID-19 pandemic.

  • February 23, 2026

    Crypto.com Says OCC Gave Initial OK To Trust Charter Bid

    Crypto.com announced Monday that it's the latest crypto-focused firm to receive a conditional approval for a national trust charter from the Office of the Comptroller of the Currency, clearing the way for its Crypto.com National Trust Bank to offer expanded crypto custody services and trade settlement.

Expert Analysis

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • OCC Rulemaking May Clear Haze Around Trust Banks' Scope

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    A recent Office of the Comptroller of the Currency proposal at last eliminates uncertainty around whether national trust banks can engage in nonfiduciary activities, but it does not address which activities are permissible or whether a minimum amount of fiduciary activity is required, say attorneys at Davis Polk.

  • Justices' BDO Denial May Allow For Increased Auditor Liability

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    The Supreme Court's recent denial of certiorari in BDO v. New England Carpenters could lead to more actions filed against accounting firms, as it lets stand a 2024 Second Circuit ruling that provided a road map for pleading falsity with respect to audit certifications, says Dean Conway at Carlton Fields.

  • NY Securities Class Action Ruling Holds Rare Timing Insights

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    A New York federal court's recent decision in Leone v. ASP Isotopes adopted the unusual posture of simultaneously denying a motion to dismiss and certifying claims to proceed as a class action, and its unique scheduling carries certain procedural and substantive implications, say attorneys at Labaton Keller.

  • And Now A Word From The Panel: MDL Year In Review

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    2025 was a roller coaster for the Judicial Panel on Multidistrict Litigation, with the panel canceling one hearing session due to the absence of new MDL petitions, yet also issuing rulings on more new MDL petitions than in 2024 — making it clear that MDLs are still thriving, says Alan Rothman at Sidley Austin.

  • Digital Assets May Be In For A Growth Spurt In 2026

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    All signs point to an acceleration in digital asset product and service innovation throughout 2026, and while questions of first impression still need to be addressed, some legal issues will be clarified, spurring developments namely on the tokenization and stablecoin fronts, say attorneys at Skadden.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Navigating Battery Validation Risk In The EV Supply Chain

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    Vehicle electrification has moved battery system supply chains from a background component into the center of the automotive universe — and for legal teams, battery validation is now a driver of contractual disputes, regulatory exposure and even shareholder litigation, say Samuel Madden at Secretariat Advisors and Vanessa Miller at Foley & Lardner.

  • Cybersecurity Must Remain Financial Sector's Focus In 2026

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    In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.

  • 2026 Int'l Arbitration Trends: Next Steps In Age Of AI, Crypto

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    Parties' use of artificial intelligence and blockchain technologies will continue in 2026, and international arbitrators will be called upon to evolve by building expertise in blockchain functionality, cryptography and decentralized finance protocols, and understanding the power and limitations of large language models, say attorneys at Cleary.

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