Securities

  • January 06, 2026

    Law Clerk Conflict Talk Can't Get Javice Retrial, Feds Say

    Charlie Javice, the founder of defunct student loan startup Frank, should not get a new trial over charges that she defrauded JPMorgan, which acquired her company, simply because two clerks who worked on the trial had accepted offers from a law firm involved in the litigation, federal prosecutors have argued.

  • January 06, 2026

    NC Man Gets 6 Years, Must Pay $6M For Investment Fraud

    A Charlotte, North Carolina, man who pled guilty to running a $5.3 million investment fraud scheme will serve six years in prison, the U.S. Attorney's Office for the Western District of North Carolina announced Tuesday.

  • January 06, 2026

    Ex-CFTC Chair, Robinhood's Top Atty Join FINRA Board

    Former U.S. Commodity Futures Trading Commission Chair Rostin Behnam and the chief legal officer for popular trading app Robinhood Markets are among those whose appointment to the board of Financial Industry Regulatory Authority was announced on Tuesday.

  • January 06, 2026

    Crypto Exec Says SEC Can't Silence Jurisdictional Defense

    A crypto executive fighting a pump-and-dump suit by the U.S. Securities and Exchange Commission has urged a federal judge to deny the agency's request to strike his jurisdictional defenses, arguing the Florida federal court must decide those questions because they raise issues that have not already been litigated.

  • January 06, 2026

    Coupang Brass Face Suit Over Alleged Cybersecurity Failures

    The top brass of e-commerce company Coupang Inc. have been sued in California federal court by a shareholder who claims the company's executives and directors failed to maintain adequate cybersecurity protocols, leading to a data breach that exposed the personal information of millions of customers.

  • January 06, 2026

    SEC Lands $2.6M Default Win In Biofuel Investor Fraud Case

    A purported commercial fueling entrepreneur and his companies must pay the U.S. Securities and Exchange Commission nearly $2.6 million after failing to retain new counsel in an enforcement action alleging that they scammed retail investors out of more than $1.2 million.

  • January 06, 2026

    Financial Firm Seeks $5M From Rival That Lured Adviser

    Minnesota-based financial planning firm Wealth Enhancement Group LLC has asked a Connecticut Superior Court judge to issue a $5 million damages and costs verdict against a rival accused of hiring a WEG adviser and scheming to draw an alleged $27 million in assets under management into its coffers.

  • January 06, 2026

    5th Circ. Mulls If ERISA Claims Are Subject To Arbitration Clause

    A Fifth Circuit panel wanted a former employee at International Bancshares Corp. to explain how his benefits class action could evade an arbitration clause adopted by the plan that he never consented to, saying Tuesday that other courts seemingly have not adopted a theory that would allow that.

  • January 06, 2026

    Drugmakers Fight Multifront Legal Battles Over GLP-1s

    In the wake of U.S. Food and Drug Administration approvals for GLP-1 weight-loss drugs, surging public demand and massive profits have inspired a broad range of drugmaker litigation against competitors, alleged counterfeits and telehealth providers.

  • January 06, 2026

    Rick Perry's AI Energy Co. Hit With Post-IPO Lawsuit

    An artificial intelligence infrastructure company co-founded by former Texas Gov. Rick Perry is facing a proposed class action accusing it of overselling its key development in order to secure $745.7 million through an initial public offering.

  • January 06, 2026

    Coal Exec Ordered To Disclose Evidence For Bribery Trial

    A former coal executive charged with bribing Egyptian officials must tell prosecutors what, if any, evidence he intends to use for his upcoming Foreign Corrupt Practices Act trial, a federal judge ruled Tuesday.

  • January 06, 2026

    Ill. Judge Trims Most Of Walgreens Shareholder Suit

    An Illinois federal judge on Monday dismissed most claims in a lawsuit alleging Walgreens inflated share prices by concealing the lack of viability of its pharmacy division and primary care investment, warning shareholders not to "waste judicial resources" in amending their allegations by claiming straightforward statements are misleading "absent a coherent argument as to why."

  • January 06, 2026

    Bankers Urge Senate To Ban Stablecoin Yield Payments

    The American Bankers Association is doubling down on efforts to convince policymakers to outlaw yield payments for stablecoins, urging banking CEOs and their clients to flood U.S. senators with letters and calls as a forthcoming crypto market structure bill presents an opportunity to solidify the prohibition.

  • January 06, 2026

    Meta Downplayed $10B Ad Changes 'Tsunami,' 9th Circ. Told

    Meta Platforms Inc. investors urged a Ninth Circuit panel on Tuesday to revive a proposed securities class action alleging the social media giant hid the financial effects of privacy changes by Apple Inc., arguing that Meta executives publicly assured investors while knowing the company would be hit with a "$10 billion tsunami."

  • January 06, 2026

    Fox Rothschild Adds Ex-Steptoe Atty To Head Fintech Practice

    Fox Rothschild LLP announced Tuesday that it has hired the former leader of Steptoe LLP's payments team as chair of the firm's newly formalized fintech and digital assets practice.

  • January 06, 2026

    Kalshi Seeks To Keep Status Quo Amid Sports Contract Fight

    Kalshi is urging the Ninth Circuit to allow it to continue offering sports event contracts as it litigates a patchwork of cases from state gaming regulators arguing that the trading platform is using the contracts to violate sports betting laws.

  • January 06, 2026

    Ameritas Says Prior Deal Ends Couple's Annuity Fraud Suit

    A retired military officer and his wife cannot proceed with a suit over the sale of unsuitable equity indexed annuities, Ameritas and a former insurance agent said, urging a North Carolina federal court to enforce a settlement agreement and release that resulted from mediation.

  • January 06, 2026

    DOJ Fraud Section Leader Returns To Cahill Gordon In DC

    A former senior deputy chief of the U.S. Department of Justice's fraud section and former staff member for the U.S. House's Jan. 6 committee has left the public sector and rejoined Cahill Gordon & Reindel LLP's office in Washington.

  • January 06, 2026

    German Waived Challenge To $4.6M SEC Tab, 1st Circ. Hints

    A German national's failure to formally respond to discovery requests probing whether he is subject to personal jurisdiction in the United States may have undermined his challenge to a $4.6 million default judgment in a U.S. Securities and Exchange Commission fraud case, a First Circuit panel suggested Tuesday.

  • January 05, 2026

    Hawaiian Electric Reaches $47.8M Investor Deal Over Wildfires

    Hawaiian Electric Industries Inc. shareholders reached a nearly $48 million settlement with the company and some of its leaders in a suit blaming it for the downturn in its stock price following a deadly 2023 fire on Maui, and asked a California federal judge on Monday to grant the deal preliminary approval.

  • January 05, 2026

    Owlet Investors Seek Final OK For $3.5M Deal, Atty Fees

    Investors suing digital baby monitoring device manufacturer Owlet Inc. have asked a California federal court to grant final approval to a $3.5 million deal settling claims the company misled investors about approvals required from the U.S. Food and Drug Administration to sell its "smart socks."

  • January 05, 2026

    Fed. Circ. Examines Timing Of $452M Trade Secrets Suit

    A Federal Circuit panel delved into the statute of limitations for trade secrets cases Monday, pressing an attorney for a South Korean company seeking to reverse a verdict that prompted a $452 million jury award to explain why the clock should start when a plaintiff suspects misappropriation rather than when it is actually discovered.

  • January 05, 2026

    PG&E Inks $100M Deal To Settle Investors' Wildfire Suit

    California utility Pacific Gas & Electric Co., its brass and its underwriters have reached a $100 million deal ending investor claims over allegedly misleading statements about the company's safety practices ahead of deadly wildfires in the past decade.

  • January 05, 2026

    Trade Group Pushes For SEC's Off-Channel Comms Data

    The American Securities Association urged a Florida federal judge Monday to require that the U.S. Securities and Exchange Commission produce information showing how it calculated the massive penalties it imposed in a Biden-era off-channel communications sweep, saying that the agency had forfeited its main argument for withholding the documents.

  • January 05, 2026

    SEC Won't Review FINRA Delay On Carbon Offset Co. Petition

    The U.S. Securities and Exchange Commission has dismissed a bid brought by shareholders of Entrex Carbon Market Inc. to review what they said is the Financial Industry Regulatory Authority's harmful failure to act on the carbon offset trading platform's requests for a name change and approval of stock splits.

Expert Analysis

  • Genius Act Poses Strategic Hurdles For Community Banks

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    ​​​​​​​The pace of change in digital asset policy, including the recent arrival of the Genius Act, suggests that strategic planning should be a near-term priority for community banks, with careful attention to customer relationships, regulatory developments and the local communities they serve, say attorneys at Jones Walker.

  • Series

    Adapting To Private Practice: From Va. AUSA To Mid-Law

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    Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.

  • Rebutting Price Impact In Securities Class Actions

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    Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.

  • 7 Document Review Concepts New Attorneys Need To Know

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    For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.

  • Senate Bill Could Overhaul Digital Asset Market Structure

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    The Senate Banking Committee's draft Responsible Financial Innovation Act would not only clarify the roles and responsibilities of financial institutions engaging in digital asset activities but also impose new compliance regimes, reporting requirements and risk management protocols, say attorneys at Troutman.

  • Opinion

    Congress Must Resolve PSLRA Issue For Section 11 Litigants

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    By establishing a uniform judgment reduction credit for all defendants in cases involving Section 11 of the Securities Act, Congress could remove unnecessary statutory ambiguity from the Private Securities Litigation Reform Act and enable litigants to price potential settlements with greater certainty, say attorneys at Sidley.

  • Stablecoin Committee Promotes Uniformity But May Fall Short

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    While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Resilience Planning Is New Key To Corporate Sustainability

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    While the current wave of deregulation may reduce government enforcement related to climate issues, businesses still need to evaluate how climate volatility may affect their operations and create new legal risks — making the apolitical concept of resilience increasingly important for companies, says J. Michael Showalter at ArentFox Schiff.

  • Parsing Trump Admin's First 6 Months Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding.

  • FDA Transparency Plans Raise Investor Disclosure Red Flags

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    The U.S. Food and Drug Administration’s recently announced intent to publish complete response letters for unapproved drugs and devices implicates certain investor disclosure requirements under securities laws, making it necessary for life sciences and biotech companies to adopt robust controls going forward, say attorneys at Arnold & Porter.

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

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