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Securities
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February 02, 2026
Mark Wahlberg-Backed F45 Training Signs Deal With Investors
Fitness franchise company F45 Training, which counts the actor Mark Wahlberg as an investor and board member, has reached a deal with investors over claims that it failed to disclose information about the sustainability of its once-rapid growth.
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February 02, 2026
Investors File $150M Florida Suit Against PE Fund Managers
A group of investors brought a proposed class action against numerous private equity fund managers in Florida federal court Monday, alleging a conspiracy to steal $150 million and hide the money through complex investment schemes involving infrastructure, real estate and a merchant cash advance business.
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February 02, 2026
Broker-Dealer Fined $750K Over Text Message Recordkeeping
Benjamin F. Edwards & Co. Inc. has agreed to a censure and $750,000 fine to settle the Financial Industry Regulatory Authority's allegations that the broker-dealer failed to properly supervise and preserve its employees' business-related text messages.
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February 02, 2026
Ga. Adviser To Pay SEC $13M Over Elder Fraud Claims
A Georgia-based investment adviser has agreed to pay the U.S. Securities and Exchange Commission over $13 million, including a $3 million civil penalty, to resolve claims he raided an elderly client's accounts, ultimately helping himself to over $9.8 million.
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February 02, 2026
Investment Funds Pro Rejoins Davis Polk From Paul Weiss
A private funds and investment management regulatory lawyer is returning to Davis Polk & Wardwell LLP as a partner in the firm's New York office after spending nearly four years with Paul Weiss Rifkind Wharton & Garrison LLP, where he served as head of the firm's investment management regulation practice.
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February 02, 2026
Logan Paul Says CryptoZoo Buyers' Latest Complaint Fails
YouTuber Logan Paul seeks to once again shed a lawsuit accusing him of using his CryptoZoo game project to conduct a so-called rug pull, arguing that the latest version of a suit filed in Texas federal court doesn't show he can be held liable for the entity's conduct.
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February 02, 2026
US Bancorp Beats Suit Over Brokerage Cash-Sweep Program
A Minnesota federal judge permanently threw out a proposed class action accusing U.S. Bancorp and its brokerage unit of shortchanging customers on interest through a cash-sweep program, finding in part that the bank never promised customers a particular minimum interest rate.
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February 02, 2026
CD&R To Pay $70M To Settle Covetrus Sale Dispute
Private equity firm Clayton Dubilier & Rice LLC and others have agreed to pay $70 million to settle a suit in Delaware's Court of Chancery by shareholders of animal health company Covetrus Inc. accusing them of failing to disclose vital information to shareholders when joining forces with another private equity firm to acquire Covetrus in 2022.
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February 02, 2026
Nevada Judge Temporarily Halts Polymarket Sports Contracts
A Nevada state judge issued a temporary restraining order prohibiting Polymarket from offering sports contracts in the state for two weeks, finding that the platform's offerings constitute "gaming" under state law.
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February 02, 2026
Del. Justices Won't Revive Suit Over Twitter Stock Sale Loss
Delaware's Supreme Court rejected on Monday a Washington state software engineer's late-filed, pro se attempt to resurrect a suit seeking damages after his sale of Twitter shares when Elon Musk briefly balked at a $44 billion closing on his company in 2024.
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February 02, 2026
SEC Seeks Default Win Against Native Corp. In $3M Fraud Suit
The U.S. Securities and Exchange Commission has asked a New York federal judge to grant it a default win against a purported Native American microcap company and its CEO accused of a $3.4 million fraud, saying the defendants have not responded to the lawsuit.
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February 02, 2026
SEC Ends Commonwealth Financial Suit After $93M Reversal
The U.S. Securities and Exchange Commission says it has reached a deal to end a lawsuit accusing Commonwealth Financial Network of failing to disclose conflicts of interest, after the First Circuit overturned the agency's $93 million win against the Massachusetts-based financial firm.
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February 02, 2026
Catching Up With Delaware's Chancery Court
A pair of new high-dollar suits in Delaware's Court of Chancery showed last week that post-deal stock appraisal suits still have legs, despite some efforts to reduce potential from deal-price gains challenges. The week ended with Delaware's justices nipping $100 million from the attorney fees owed by Tesla CEO Elon Musk from $176.2 million to roughly $70.9 million, rejecting part of a Court of Chancery fee calculation.
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February 02, 2026
Jury Finds Real Estate Co. Founder Liable In SEC Fraud Case
A Colorado jury sided with the U.S. Securities and Exchange Commission in its $49.5 million investment fraud suit against the founder of a real estate investment company.
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February 02, 2026
Fenwick Reaches Deal In FTX Crypto Scam Suit
Fenwick & West LLP and victims of the infamous FTX Trading Ltd. cryptocurrency scam are working toward a settlement in a case over the firm's alleged role in the trading platform's collapse.
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February 02, 2026
DLA Piper Adds Ex-Cooley Atty To Lead N. Calif. Practice
DLA Piper announced Monday that it has added the former global chair of Cooley LLP's digital health group to lead its Northern California corporate and securities practice and bolster its capacity to advise life sciences and technology companies on transactions and other matters.
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February 02, 2026
Fla. Financial Adviser Gets 20 Years For $94M Fraud
A Florida federal judge Monday sentenced a financial adviser to 20 years in prison after he pled guilty to orchestrating a Ponzi-like scheme that defrauded $94 million from victims, including the elderly and Catholic priests in Venezuela.
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February 02, 2026
Oil Trader Wants Prison Date Delayed Over $1.7M Forfeiture
A Connecticut oil trader convicted of violating the Foreign Corrupt Practices Act has asked to postpone his date to report to prison by two months, saying he "needs additional time to put his financial affairs in order" so he can pay a $1.7 million forfeiture plus an additional $300,000 fine.
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February 02, 2026
Former SEC Division Co-Chief Counsel Joins K&L Gates In DC
A longtime U.S. Securities and Exchange Commission attorney has made the jump to private practice, joining K&L Gates in Washington, D.C., the firm said Monday.
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February 02, 2026
Chancery Keeps Coinbase Insider Trading Suit Alive
The Delaware Chancery Court has refused to shut down a stockholder derivative suit accusing Coinbase Global Inc. insiders of reaping billions by selling shares ahead of a steep stock drop, concluding that the company's special litigation committee failed to meet Delaware's exacting independence standards.
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January 30, 2026
Tesla Gets Del. Justices To Cut $100M From Investor Atty Fees
The Delaware Supreme Court on Friday handed Tesla a win, reducing by roughly $100 million the attorney fees awarded to shareholder counsel as part of an excessive director compensation suit settlement, rejecting the lower court's fee calculation.
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January 30, 2026
3rd Circ. Backs 'Modern Icarus' Conviction, Cuts Restitution
The Third Circuit affirmed Friday the fraud and identify theft conviction of a former clean-energy company CEO who characterized himself as a "modern Icarus" in his appeal, but held that the lower court wrongly ordered him to pay $100,000 in victims' attorney fees in addition to $1.1 million in restitution.
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January 30, 2026
SEC Walks Away From Biden-Era Construction Fraud Case
Greenberg Traurig LLP celebrated a legal victory on Friday as the U.S. Securities and Exchange Commission abandoned its securities fraud claims against their client, a former construction executive, with a firm leader telling Law360 that a meeting with top SEC staff last year marked a turning point in their favor.
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January 30, 2026
Investor Opens Pair Of Hefty Share Appraisal Suits In Del.
Two postdeal share appraisal suits centering on pro football's Hall of Fame and a major broadband service provider that recently sold for $1.5 billion landed in Delaware's Court of Chancery on Friday, both led by Quadre Investments managing partner Matthew Q. Giffuni.
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January 30, 2026
5th Circ. Gives Lumen Investors Another Shot In Lead Suit
The Fifth Circuit determined Friday that a group of shareholders should get another chance to amend their proposed class action accusing Lumen Technologies Inc. of not disclosing potential liabilities related to its lead-wrapped cables, saying the lower court did not sufficiently explain why it would not allow them to amend their suit after dismissing it.
Expert Analysis
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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.
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SEC Rulemaking Radar: A Reset, A Shift And A Preview Of '26
With major proposals withdrawn and new priorities emerging, forthcoming U.S. Securities and Exchange Commission proposals in 2026 will look to reshape how digital assets are regulated, recalibrate market structure and simplify how small companies go public, says Christopher Grobbel at Goodwin.
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Changes In Crypto, Cybersecurity Defined NY Banking In 2025
The major takeaways from 2025 in New York banking policy involve updated guidance, regulations and requirements primarily affecting innovation and digital banking, in areas such as cybersecurity, virtual currencies, and buy now, pay later programs, say attorneys at Steptoe.
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Del. Dispatch: Key 2025 Corporate Cases And Trends To Know
The Delaware corporate legal landscape saw notable changes in 2025, spurred by amendments to the Delaware General Corporation Law, ubiquitous artificial intelligence fervor, boardroom discussion around DExit, record shareholder activism activity and an arguably more expansive view of potential Caremark liability, say attorneys at Fried Frank.
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Series
Nature Photography Makes Me A Better Lawyer
Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.