Securities

  • December 04, 2025

    TaskUs' $17.5M Investor Settlement, Atty Fees Get Final OK

    Final approval has been granted to the $17.5 million deal settling claims between outsourced digital customer service company TaskUs and its investors who allege that the company improperly influenced its ratings on the employer review website Glassdoor, according to an order on Thursday.

  • December 04, 2025

    2nd Circ. Restores Ex-Union Boss' Bribery Sentence

    The Second Circuit on Thursday ordered a Manhattan federal court to reinstate a nearly five-year prison sentence for a former boss in New York City's largest correction officers union, saying disparities between his bribery sentence and those given to his co-defendants didn't warrant his early release.

  • December 04, 2025

    Medical Device Co. Faces Investor Suit Over IV Pump Issues

    Medical device company Baxter International Inc. has been hit with a proposed investor class action accusing it of falsely claiming that it resolved issues associated with an IV pump before recalling the product this year.

  • December 04, 2025

    Crenshaw Blasts SEC Short-Selling Rules Deadline Extension

    The U.S. Securities and Exchange Commission's outgoing, lone Democratic commissioner has criticized the agency's decision to extend the compliance dates for a pair of Biden-era regulations aimed at bolstering transparency in the short-selling market, calling the move a "repeal by extension."

  • December 04, 2025

    Del. Justices Nix Challenge To $1.1B Smart & Final Sale

    A three-justice Delaware Supreme Court panel has rejected with little comment a bid to revive a stockholder suit alleging disclosure failures and conflicted moves ahead of the $1.1 billion April 2019 sale of Smart & Final Stores Inc. to interests of Apollo Global Management.

  • December 04, 2025

    Ex-Trader's Suit Accusing Rival Of Spoofing Tossed For Good

    An Illinois federal judge Thursday dismissed with prejudice a lawsuit accusing a trading firm of spoofing U.S. Treasury markets by placing orders for Treasury instruments it never intended to fill, finding the claims barred because they've already been deemed untimely in a Chicago Mercantile Exchange arbitration.

  • December 04, 2025

    Snap Investors' $65M Deal OK'd, But Attys Face 'Cheap' Judge

    A California federal judge said Thursday he will grant preliminary approval of a $65 million deal to resolve a proposed securities class action against Snapchat, but warned the plaintiffs' side they will "have to see" about the request for 30% of the settlement in attorney fees because he is "notoriously cheap."

  • December 04, 2025

    Boies Schiller Lands Former SEC Trial Leader In LA

    Boies Schiller Flexner LLP has grown its securities litigation offerings in California with a former supervisory trial counsel in the U.S. Securities and Exchange Commission's Los Angeles Regional Office, the firm said Thursday.

  • December 03, 2025

    CFPB Moves To Slash $5M Biden-Era Student Loan Trust Deal

    The Consumer Financial Protection Bureau has moved to significantly scale back its $5 million Biden-era settlement of a student loan servicing case in Pennsylvania federal court, agreeing to a plan that would drop most of its requirements for borrower relief.

  • December 03, 2025

    FINRA Fines Barclays For Pandemic-Era Supervision Backlog

    The Financial Industry Regulatory Authority has fined Barclays' broker-dealer arm $325,000 over a COVID pandemic-era backlog of unreviewed documents related to employees' outside brokerage accounts, with the regulator alleging the firm violated supervisory rules.

  • December 03, 2025

    9th Circ. Asks Calif. High Court For Ruling In Buyout Dispute

    The Ninth Circuit on Wednesday asked California's highest court to rule on whether California state law bars a shareholder from seeking buyout-related damages when the shareholder does not become aware of their basis for seeking damages until after a buyout's completion — a ruling that could upend a $9 million verdict.

  • December 03, 2025

    9th Circ. Won't Revive Adidas Investors' Suit Over Ye Collab

    The Ninth Circuit on Wednesday affirmed an Oregon federal court's decision to toss investors' proposed class action accusing Adidas of failing to disclose the risks of relying on the rapper Ye for a multibillion-dollar fashion partnership, concluding a lower court properly tossed the dispute.

  • December 03, 2025

    Pharma Co. Exec Faces $125K SEC Judgment In Fraud Case

    A New York federal judge on Wednesday approved a $125,000 civil penalty against the former chief science officer of BioZone Pharmaceuticals Inc. for his alleged involvement in a purported pump-and-dump scheme involving the company's stock.

  • December 03, 2025

    Binance User Gets New Shot At Suit Over 1,400 Bitcoin Theft

    A Florida state appeals court Wednesday reversed the dismissal of a suit brought against Binance by a Dubai resident claiming the cryptocurrency exchange failed to take adequate steps to stop the theft of 1,400 bitcoin in a phishing scam.

  • December 03, 2025

    Investors In Pot Co. Cronos Ask Court To OK $10M Settlement

    An investor is asking a New York federal court to approve a $10 million deal to end a nearly 5-year-old class action accusing cannabis company Cronos Group Inc. and its executives of artificially inflating company revenue by improperly recording "round-trip" transitions as sales.

  • December 03, 2025

    Monitor Will Stay In Place In $1B Broad Street Fraud Case

    A private equity firm accused by the U.S. Securities and Exchange Commission of defrauding investors in a $1 billion fund lost its bid Wednesday to discharge the court-appointed monitor overseeing its books when a Florida federal judge rejected arguments that the monitor was acting in bad faith.

  • December 03, 2025

    Jury Must Weigh 'Let's Go Brandon' Meme Coin Investor Suit

    An entity and individual associated with the "Let's Go Brandon" meme token can't beat a lawsuit over a collapse in prices for the coin after a judge said a jury must decide whether people purchased the token because they expected profits or because the coin was pitched as "a meme coin for advocacy of conservative values."

  • December 03, 2025

    Archegos Founder Says Davis Polk Job Offer Taints Restitution

    Archegos founder Bill Hwang, who is serving an 18-year sentence for defrauding banks out of billions of dollars in loans used to manipulate the market, asked to vacate his restitution order because the presiding judge's clerk accepted a job with Davis Polk & Wardwell LLP, which represents victim-bank Morgan Stanley.

  • December 03, 2025

    UMB Bank Gets Partial Win In $80M Hard Rock Hotel Dispute

    UMB Bank NA has been granted wins on some of its claims in a suit regarding a failed $80 million Hard Rock Hotel development project, with a Kansas federal court ruling that claims it did not properly reimburse the project developer's costs have already been decided in Minnesota court.

  • December 03, 2025

    Novartis, Swiss Marketer Want Out Of Trade Secrets Suit

    A Swiss marketing company and its founder have joined pharmaceutical giant Novartis in asking a Manhattan federal judge to release them from a hedge fund's suit accusing the founder of brokering business meetings with Novartis in a scheme to steal its strategy, claiming the suit is merely an attempt to punish Novartis for placing money with a competitor.

  • December 03, 2025

    5th Circ. Skeptical Of Swindler Texas Atty's 50-Year Sentence

    A Fifth Circuit panel seemed dubious of the government's argument that a former Texas lawyer at the center of a sweeping Ponzi scheme knew he was agreeing to a 50-year stint in prison by pleading guilty, saying Wednesday that nobody signs up to die in prison.

  • December 03, 2025

    Ex-Execs Who Pled Guilty To $67M Fraud Settle With SEC

    The U.S. Securities and Exchange Commission has moved to resolve its lawsuit accusing two former executives of an Illinois-based automobile financing company of misleading investors about the subprime automobile loans that backed a $100 million offering by the company now that they have pled guilty and been sentenced on fraud charges in a corresponding criminal case.

  • December 03, 2025

    OCC Taps Ex-DC Civil Division Head As Deputy Chief Counsel

    The Office of the Comptroller of the Currency said Wednesday that it has hired a longtime litigator with the U.S. Attorney's Office for the District of Columbia to be a senior official in the banking agency's legal department.

  • December 03, 2025

    FINRA Fines Firm $1M Over Mutual Fund Supervision Issues

    The Financial Industry Regulatory Authority has ordered Securities America Inc. to pay a $1 million fine and roughly $2 million in restitution to customers for allegedly failing to reasonably supervise certain mutual fund recommendations that allegedly resulted in customers paying unnecessary fees and following recommendations that were not in their best interests.

  • December 03, 2025

    7 Pension Funds Picked To Lead Neogen Investor Class

    A Michigan federal judge Wednesday selected a group of pension funds to serve as a lead plaintiff for Neogen investors alleging the company hid postmerger financial difficulties following a combination with a division of manufacturing giant 3M.

Expert Analysis

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • State Crypto Regs Diverge As Federal Framework Dawns

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    Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • The Crucial Question Left Unanswered In EpicentRx Decision

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    The California Supreme Court recently issued its long-awaited decision in EpicentRx Inc. v. Superior Court, resolving a dispute regarding the enforceability of forum selection clauses, but the question remains whether private companies can trust that courts will continue to consistently enforce forum selection clauses in corporate charters, says John Yow at Yow PC.

  • MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't

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    As U.S. v. Peraire-Bueno, involving cryptocurrency fraud charges against brothers who graduated from the Massachusetts Institute of Technology, moves forward after surviving a motion to dismiss, the case provides an early example of how the government might use the federal fraud statutes to regulate decentralized networks, say attorneys at ArentFox Schiff.

  • Why EpicentRx Ruling Is A Major Win For Business Certainty

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    The California Supreme Court's recent decision in EpicentRx v. Superior Court removes a significant source of uncertainty that plagued commercial litigation in California by clarifying that forum selection clauses shouldn't be invalidated solely because the selected forum lacks the right to a jury trial, say attorneys at Clark Hill.

  • How Sustainability Reporting Changed In The 1st Half Of 2025

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    Sustainability reporting is evolving rapidly, with fewer S&P 500 companies publishing reports in the first half of 2025 than in the same period last year, suggesting that companies are becoming more selective and intentional about their reporting, say analysts at Orrick.

  • 9th Circ. Finding That NFTs Are Goods Will Change TM Law

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    The Ninth Circuit's recent ruling in Yuga Labs v. Ripps establishes that NFTs have real, commercial value under U.S. federal trademark law, a new legal precedent that may significantly influence intellectual property enforcement and marketplace policies regarding digital assets going forward, say attorneys at Wilson Elser.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • Lessons From Liberty Mutual FCPA Declination

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    Liberty Mutual’s recent Foreign Corrupt Practices Act resolution with the U.S. Department of Justice signals that the Trump administration is once again considering such declinations after an enforcement pause, offering some assurances for companies regarding the benefits of voluntary self-disclosure, say attorneys at Paul Weiss.

  • 3 Rulings Show Hurdles To Proving Market Manipulation Fraud

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    Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.

  • Drafting M&A Docs After Delaware Corp. Law Amendments

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    Attorneys at Greenberg Traurig discuss how the March and June amendments to the Delaware General Corporation Law affect the drafting of corporate and M&A documents, including board resolutions, governing documents, and books and records demands.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • Untangling 'Debanking' Exec Order And Ensuing Challenges

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    President Donald Trump's recent executive order on the practice of closing or refusing to open accounts for high-risk customers has heightened scrutiny on "debanking," but practical steps can help financial institutions reduce the likelihood of becoming involved in investigations, say attorneys at Winston & Strawn.

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