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Securities
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January 13, 2026
Old Glory Bank Plans Nasdaq Debut With SPAC Deal
Old Glory Bank, a crypto-friendly lender led by several allies of President Donald Trump and former administration officials, announced Tuesday that it plans to merge with special purpose acquisition company Digital Asset Acquisition Corp. to create a Texas-based corporation named OGB Financial Co.
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January 13, 2026
KuCoin, Chainalysis Beat RICO Suit Over Hack Proceeds
The cryptocurrency exchange KuCoin and its blockchain analysis contractor no longer face proposed class action claims they turned a blind eye to money laundering on the platform, though a Manhattan federal judge found one of the alleged hack victims could revise certain claims against KuCoin.
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January 13, 2026
SEC's Atkins Launches Review Of Corporate Disclosures Reg
U.S. Securities and Exchange Commission Chair Paul Atkins said Tuesday he has directed the Division of Corporation Finance to review the agency's broad regulation covering what qualitative information public companies should disclose in regulatory filings.
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January 13, 2026
CoreWeave Hid Data Center Delays, Investors Say
Artificial intelligence "hyperscaler" CoreWeave Inc. has been hit with a proposed shareholder class action accusing the company of misleading investors on its capacity to handle consumer demand and data center building delays following its initial public offering last year.
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January 13, 2026
DiDi, Investors Can Notify Class Of Proposed $740M Deal
A proposed $740 million settlement between Chinese ride-hailing app DiDi and its investors has moved forward after a New York federal judge approved a notice to class members and scheduled a settlement hearing over the plan to resolve shareholder claims the company hid enterprise-threatening regulatory risks during its 2021 initial public offering.
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January 13, 2026
Oak Street Exec's Ex-Partner Must Forfeit $617K In Assets
Federal authorities can delve into the assets of a man who made illegal insider trades of CVS stock based on information from his domestic partner so that they can recover $617,000 he agreed to forfeit as part of a plea deal, a Pennsylvania federal judge said Tuesday.
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January 13, 2026
Spencer Fane Atty's Advice Challenged In $5M Poaching Suit
In a $5 million lawsuit over a Connecticut financial adviser's exit, Wealth Enhancement Group LLC on Tuesday challenged a Spencer Fane LLP partner's belief that regulatory and professional ethics rules require both advisers and their former investment firms to contact clients when advisers switch employers.
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January 13, 2026
Medical Device Co. Faces New Derivative Suit In Delaware
A stockholder of digital health equipment business Butterfly Network Inc. launched a derivative suit in Delaware's Court of Chancery on Tuesday, seeking recovery for the company of "many millions" tied to allegedly misleading disclosures ahead of a special purpose acquisition company take-public merger in 2021.
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January 13, 2026
State Street Owes NC Investor $650K In Crypto Refund Suit
A North Carolina federal judge ruled that investment management firm State Street Global Advisors wrongfully withheld $650,000 from an investor who transferred cryptocurrency to a digital wallet, awarding him damages for his unjust enrichment and conversion claims, but not fees for his attorneys.
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January 13, 2026
Chancery OKs $4.85M Deal To End Ed-Tech Acquisition Suit
The Delaware Chancery Court signed off Tuesday on a $4.85 million class settlement resolving stockholder claims over Sterling Partners' 2024 take-private acquisition of Australian education-technology company Keypath Education International Inc., finding that the deal fell within a reasonable range given the risks the investors faced in continuing to litigate their fiduciary-duty claims.
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January 13, 2026
Tenn. Gaming Regulator's Kalshi Action Blocked For Now
A Tennessee federal judge agreed to temporarily block state gaming regulators from taking enforcement action against Kalshi for its sports event contracts, adding another court ruling to a split pile of cases over the company's sports wagers nationwide.
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January 13, 2026
Bath & Body Works Investor Sues Over Co.'s Growth Claims
Retail chain Bath & Body Works Inc. was hit with a proposed shareholder class action accusing it of misleading investors about the success of its product expansion strategy and leaning heavily on frequent promotions to drive unsustainable growth.
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January 13, 2026
NC Judge Leery Of Early Exit Bid In Produce Co. ESOP Suit
A North Carolina federal judge seemed disinclined Tuesday to toss a lawsuit alleging a "cabal" of lawyers, private equity firms and their founders conspired to drain a produce company's employee stock ownership plan of its value, noting it's a fact-intensive case that will likely require discovery.
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January 13, 2026
REITs Say $787M Merger's Proxy Info Not Misleading
Real estate investment trusts Ready Capital Corp. and Broadmark Realty Capital Inc. urged a Washington federal court on Tuesday to toss a proposed shareholder class action accusing the companies of misleading shareholders to get votes for their $787 million merger, arguing the relevant proxy materials fully informed shareholders about the deal before they voted.
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January 13, 2026
Moore & Van Allen Gets Fla. Malpractice Suit Moved To NC
A Florida federal judge transferred to North Carolina a proposed class action of Floridians accusing Moore & Van Allen PLLC of mishandling their employee stock ownership trust, but rejected the law firm's request to have the case dismissed.
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January 13, 2026
Dechert Adds Former SEC Counsel In DC
Dechert LLP has grown its financial services group in Washington, D.C., with a veteran attorney who most recently served as counsel to the chairman at the U.S. Securities and Exchange Commission, the firm said Tuesday.
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January 13, 2026
J&J Wins Partial Reversal Of $1B Merger Milestone Loss
Delaware's Supreme Court has partially reversed a vice chancellor's September 2024 ruling that Johnson & Johnson owes more than $1 billion for failing to prioritize regulatory approvals linked to "earnout" payments for robotic surgical device technology that J&J acquired from a developer.
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January 13, 2026
Gibson Dunn Hires Thrive Capital's Top Lawyer As DC Partner
Gibson Dunn & Crutcher LLP has hired Marian Fowler, the former general counsel and chief compliance officer at venture capital firm Thrive Capital Management LLC, to join the firm's Washington, D.C., office as a partner and member of its investment funds practice group, the firm announced Monday.
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January 13, 2026
Sen. Warren Questions SEC On Crypto In 401(k) Plans
Sen. Elizabeth Warren sent a letter to the U.S. Securities and Exchange Commission in advance of a banking committee vote on cryptocurrency market structure legislation, asking how the agency will protect investors as the administration also pushes to broaden access to cryptocurrency in 401(k) retirement plans.
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January 13, 2026
Eventbrite Stockholders Sue To Block $500M Take-Private Deal
A class of Eventbrite stockholders has sued in the Delaware Chancery Court seeking to upend a pending $500 million take-private deal, arguing that a voting agreement signed alongside the transaction automatically stripped the company's founder of her super-voting control under the company's own charter and rendered the merger proxy materially misleading.
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January 13, 2026
Wilson Sonsini Guides Polygon Labs On $250M Crypto Deals
Wilson Sonsini Goodrich & Rosati PC-advised Polygon Labs said Tuesday it has agreed to acquire crypto payments company Coinme and crypto infrastructure provider Sequence for more than $250 million, as it seeks to build a regulated stablecoin payments platform in the U.S.
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January 12, 2026
4 Ways DOJ Probe Into Powell Could Be Risky For Trump
The criminal probe that President Donald Trump's U.S. Department of Justice has opened into Federal Reserve Chair Jerome Powell dramatically escalates administration pressure on the central bank, but it is not without significant potential risks for the White House.
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January 12, 2026
8th Circ. Lifts Injunction On Advisory Firm's Rival, Ex-Staff
Investment advisory firm Choreo LLC improperly got a preliminary injunction after claiming that former employees and a competitor stole trade secrets, the Eighth Circuit found Monday, ruling that the injunction was unwarranted because relevant losses to Choreo are calculable and associated damage has already been done.
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January 12, 2026
FirstEnergy Investors Again Push For Class Cert. In Bribe Suit
FirstEnergy Corp. investors have renewed their bid for class certification in Ohio federal court after the Sixth Circuit decertified the class and found that the district court applied the wrong legal standard, in a case accusing the utility company of bribing Ohio officials to secure a $1 billion bailout of a pair of nuclear plants.
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January 12, 2026
CFTC Chair Taps Kalshi, Polymarket CEOs To Advisory Panel
The new chair of the U.S. Commodity Futures Trading Commission on Monday said he plans to nominate leaders of prediction market platforms including Polymarket to serve as charter members of a new advisory committee, a day after congressional Democrats pressed him to respond to manipulation threats in the event contract markets.
Expert Analysis
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How Banks Can Safely Handle Payments For Gambling Biz
As the betting market continues to expand, it's crucial for banks and fintechs to track historical developments in wagering and ongoing prediction markets litigation that can factor into a risk analysis for payment processing with respect to gambling operators, says Laura D'Angelo at Jones Walker.
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SEC Focused On Fraud As Actions Markedly Declined In 2025
The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.
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Series
Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.
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How Cos. Can Prep For Tightened Calif. Data Breach Notices
Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.
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Digital Asset Treasury Trend Signals Wider Crypto Embrace
While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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How The SEC May Overhaul Its Order Protection Rule
Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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Questions To Ask Your Client When Fraud Taints Financing
As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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2nd Circ. Peloton Ruling Emphasizes Disclosure Context
The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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How Calif. High Court Is Rethinking Forum Selection Clauses
Two recent cases before the California Supreme Court show that the state is shifting toward greater enforcement of freely negotiated forum selection clauses between sophisticated parties, so litigators need to revisit old assumptions about the breadth of California's public policy exception, says Josh Patashnik at Perkins Coie.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Post-Genius Landscape Reveals Technical Stablecoin Hurdles
The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.