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Securities
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January 12, 2026
Senate Ag Panel Punts Crypto Markup As Banking Pushes On
Senate Agriculture Committee Chairman John Boozman, R-Ark., said Monday that he's delaying a markup on a forthcoming crypto market structure proposal to the end of the month to accommodate further bipartisan negotiations, while the Senate Banking Committee said it still intends to hold its own markup.
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January 12, 2026
REITs Say Shareholders' Retooled Liquidation Suit Still Fails
A group of retail-focused real estate investment trusts urged a New Jersey federal court to toss an amended shareholder class action that accuses them of misleading shareholders into approving charter amendments that stopped the planned liquidation of the REITs, arguing that the amended suit repeats claims that were previously tossed.
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January 12, 2026
Adviser Claims REIT Stiffed It Over $2.1B Take-Private Deal
An advising firm has sued Plymouth Industrial REIT Inc. in Massachusetts state court, claiming the real estate investment trust is dodging its obligation to pay the adviser for helping the firm land a $2.1 billion acquisition offer.
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January 12, 2026
Ex-Goldman Exec Faces July FCPA Trial Over Ghana Deal
A Brooklyn federal judge Monday teed up a midsummer trial for a former Goldman Sachs banker accused of violating the Foreign Corrupt Practices Act by bribing Ghanaian officials to secure a power plant deal.
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January 12, 2026
SEC Draws From BigLaw To Appoint Enforcement Deputies
Two former BigLaw attorneys, one of whom served as counsel to President Donald Trump during his first term in office, have joined the U.S. Securities and Exchange Commission as deputy directors of enforcement, the agency announced Monday.
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January 12, 2026
Fenwick Adds Former SEC Corporate Finance Division Atty
Fenwick & West LLP has hired a longtime financial law-focused attorney in Washington, D.C., who is joining the capital markets and public companies practice as a counsel after more than 17 years with the U.S. Securities and Exchange Commission.
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January 12, 2026
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court closed out the week with developments ranging from leadership changes in a $13 billion take-private case and posttrial sparring over a major earnout to fresh governance fights, revived fraud claims and sanctions tied to advancement rights.
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January 12, 2026
High Court Won't Hear Citigroup Appeal Of Fraud Suit
The U.S. Supreme Court on Monday declined to take up Citigroup's appeal of the revival of a nearly decade-long suit alleging the bank ran a massive cash advance fraud scheme.
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January 12, 2026
Justices Won't Hear Hertz's $272M 'Solvent Debtor' Appeal
The U.S. Supreme Court said Monday it will not hear an appeal by reorganized rental car giant Hertz Corp. of a Third Circuit decision that it owes $272 million to unsecured creditors from its 2020 bankruptcy.
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January 09, 2026
Bernstein Litowitz Asks To Exit $13B Endeavor Stock Suit
Bernstein Litowitz Berger & Grossmann LLP asked the Delaware Chancery Court on Friday to allow its attorneys to withdraw as lead co-counsel for the shareholder class action over sports and entertainment company Endeavor Group Holdings Inc.'s $13 billion take-private merger.
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January 09, 2026
SEC Drops Action Against Ex-Rio Tinto CFO After 8 Years
The U.S. Securities and Exchange Commission on Friday dropped an enforcement action accusing Rio Tinto PLC's former chief financial officer of violating accounting and auditing rules, bringing a close to long-running litigation the regulator launched against the mining giant in 2017.
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January 09, 2026
Calif. Climate Laws Violate Free Speech Rights, 9th Circ. Told
A coalition of business groups urged a Ninth Circuit panel Friday to preliminarily block new California laws requiring large companies to disclose financial risks tied to climate change, arguing the laws are unprecedented and violate the First Amendment, in part by being "completely untethered" to any product or transaction.
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January 09, 2026
Pegasystems Opt-Out Investors Get Green Light For IP Claims
A majority of claims brought by Pegasystems Inc. investors who opted out of a $35 million securities class action settlement will proceed after a Massachusetts federal judge found that a Virginia Court of Appeals ruling reversing a trial court's $2 billion intellectual property judgment against Pega doesn't change the viability of the current suit's claims.
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January 09, 2026
AI Can Help Advisers With Proxy Voting, SEC Official Says
Artificial intelligence can assist investment advisers with handling corporate proxy voting decisions, an official with the U.S. Securities and Exchange Commission said in a speech decrying the proxy advisory landscape as dysfunctional.
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January 09, 2026
Conn. Deems Coinbase, Kalshi Contracts 'Pure' Gambling
Cryptocurrency giant Coinbase and the derivative exchange KalshiEX LLC are not entitled to injunctions that would block Connecticut's enforcement of state gaming laws against their "unlicensed, unlawful sports wagers disguised as financial products," the state argued Friday in federal court.
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January 09, 2026
NYSE Affiliates Back Calls To Block New Options Exchange
Two New York Stock Exchange affiliates have entered the fray over a new options exchange that it says could be given an "an unearned competitive advantage" if allowed to go live this year, urging the Eleventh Circuit to vacate the U.S. Securities and Exchange Commission order that green-lit the exchange.
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January 09, 2026
Ready Capital, Broadmark Want Securities Suit Moved To NY
Two real estate investment trusts and other parties urged a Washington federal court to transfer the proposed securities class action they're facing to New York federal court, arguing that the move is needed because the suit overlaps with a case in that state.
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January 09, 2026
OCC Floats Rule To Clarify Trust Companies' Broader Scope
The Office of the Comptroller of the Currency is proposing to amend its chartering regulations to make clear that national trust companies can engage in nonfiduciary activities, potentially resolving an area of contention that banking industry advocates have raised as crypto-focused firms applied for trust charters.
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January 09, 2026
Ex-Doximity Exec Cops To $2.5M Insider Trading Scheme
The former chief revenue officer of publicly traded medical professional networking platform Doximity pled guilty Friday in New York federal court to securities fraud in connection to allegations that he illegally profited more than $2.5 million by trading on private information about the company's finances and layoff plans.
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January 09, 2026
SEC's 'Hack-To-Trade' Suit Was Unfairly Served, UK Man Says
An accused hacker in the U.K. seeks to shed U.S. Securities and Exchange Commission allegations he made $3.75 million trading on nonpublic information he improperly gained access to, arguing he'd been unfairly served in prison.
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January 09, 2026
30 Dems Back Bill Limiting Officials' Prediction Market Trades
U.S. Rep. Ritchie Torres, D-N.Y., introduced his plan to ban public officials from trading in certain prediction markets on Friday with the backing of 30 House Democrats, including former House Speaker Nancy Pelosi, D-Calif.
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January 09, 2026
Pa. Justices Urged To Apply Jarkesy To State Proceedings
A Pennsylvania financial professional has asked the state's Supreme Court to consider, in a matter of first impression, whether the state Constitution guarantees a right to a jury trial in securities fraud enforcement actions brought by the state regulator, arguing that the U.S. Supreme Court's Jarkesy ruling should be incorporated against states.
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January 09, 2026
FINRA Fines Wells Fargo Unit $1.25M For Close-Out Failures
Wells Fargo has agreed to pay $1.25 million to resolve the Financial Industry Regulatory Authority's claims that during a seven-year period, the bank's clearing and custody services unit left certain transactions in municipal securities unresolved for longer than it was supposed to.
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January 09, 2026
Water Co. Investor Pulls Merger Suit Alleging $2B Loss
A Primo Brands Corp. stockholder has dropped a 3-month-old securities lawsuit accusing company officials of wiping out $2 billion in shareholder value over two days last November by hiding issues during a merger with fellow water seller BlueTriton Brands Inc.
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January 09, 2026
Fintech Co. Ends Botched-Valuation Suit Against Ga. Firm
A British fintech company has resolved its suit against Atlanta-based accounting firm Frazier & Deeter LLC over an allegedly botched stock valuation.
Expert Analysis
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Series
Muay Thai Makes Me A Better Lawyer
Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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How Shareholder Activism Fared In 2025
2025 was a turbulent yet transformative year in shareholder activism, and there are several key takeaways to help companies prepare for a 2026 that is shaping up to be even more lively, including increased focus on retail investors and the use of social media as a tool, say attorneys at Sidley.
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Justices' Separation-Of-Powers Revamp May Hit States Next
The U.S. Supreme Court's 2024 decision in U.S. Securities and Exchange Commission v. Jarkesy quietly laid the groundwork for an expansion of the court's separation-of-powers agenda beyond the federal level, but regulated parties and state and local governments alike can act now to anticipate Jarkesy's eventual wider application, say attorneys at Troutman.
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Preparing For Congressional Investigations In A Midterm Year
2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.
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Key Trends Shaping ESG And Sustainability Law In 2026
2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.
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How Bank M&A Prospects Brightened In 2025
Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.
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3 Securities Litigation Trends To Watch In 2026
Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.
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4 Developments That Defined The 2025 Ethics Landscape
The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.
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Navigating AI In The Legal Industry
As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.
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Regulatory Rollback And Lingering Limbo: The CFPB In 2025
The Consumer Financial Protection Bureau has implemented significant changes since President Donald Trump took office in January, including dismissing actions with prejudice, withdrawing guidance and rescinding rules, casting the bureau in uncertain light heading into 2026, say attorneys at Mayer Brown.
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2025 Calif. Banking Oversight Centered On Consumer Issues
The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.
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The Major Securities Litigation Rulings And Trends Of 2025
The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.
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The CFTC's Road Ahead Under Newly Confirmed Chair
Michael Selig's Dec. 18 confirmation as U.S. Commodity Futures Trading Commission chair comes at a critical juncture, as the agency is poised to gain oversight over the crypto industry and increase its jurisdictional mandate covering prediction markets, says Elizabeth Lan Davis at Davis Wright.
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How Fractional GCs Can Manage Risks Of Engagement
As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.