Securities

  • October 27, 2025

    Moderna Says Vax Efficacy Math Doesn't Show Investor Fraud

    An investor in vaccine giant Moderna Inc. has failed to show that the company misrepresented the efficacy of its RSV vaccine by pointing out that the U.S. Food and Drug Administration later recalculated the vaccine's efficacy, the company said in an effort to slip a proposed investor class action.

  • October 27, 2025

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court and Delaware Supreme Court saw another busy week of disputes spanning biotech milestones, reincorporation showdowns, shareholder voting schemes and cryptocurrency fiduciary rights.

  • October 27, 2025

    StraightPath Ex-Sales Agent Tells Jury He Lied To Customers

    A former StraightPath sales agent told a Manhattan federal jury Monday that he falsely assured would-be customers on the soundness of investing in pre-initial public offering shares, as three founders of the private equity firm faced charges of fraudulently raising roughly $400 million.

  • October 27, 2025

    Prime Core Ch. 11 Admin Says It Cashed Out Crypto For $35M

    The Chapter 11 plan administrator for defunct cryptocurrency custodian Prime Core told a Delaware bankruptcy judge Monday that it raised about $35 million by selling Prime's crypto assets and expects to begin creditor distributions early next year.

  • October 24, 2025

    JPMorgan Accuses Charlie Javice Of 'Abusive' Atty Fee Billing

    JPMorgan Chase & Co. on Friday asked a Delaware state judge to reverse a 2023 order requiring the bank to cover the legal fees of convicted Frank founder Charlie Javice, arguing that the court must put a stop to her "abusive billing."

  • October 24, 2025

    Fed Moves To Open Stress Test Models In 'Transparency' Push

    The Federal Reserve Friday issued a package of proposals to open up its stress-testing models and scenario designs to public scrutiny, pulling back the curtain on a process that helps determine capital requirements for the nation's biggest banks.

  • October 24, 2025

    Canadian Tech Co. Moves To Toss Investors' AI Hype Suit

    Canadian technology services firm Telus Digital has moved to dismiss a lawsuit accusing it of misleading investors about its artificial intelligence capabilities, arguing that the case is "fatally defective" because the company does, in fact, sell some AI products.

  • October 24, 2025

    Justices' Whistleblower Denial Has Some Attys Fearing A Chill

    The U.S. Supreme Court's decision not to take up a whistleblower award calculation appeal has highlighted a long-running concern that whistleblowers could be left out in the cold if the company they expose falls into bankruptcy before they get awards to which they would otherwise be entitled.

  • October 24, 2025

    Financial Services Co. Sues To Stop 'Corporate Raiding'

    A financial services company asked a Georgia federal court Friday to help it stop two wealth management companies' "illegal corporate raiding and other improper attacks" on its business.

  • October 24, 2025

    Crypto Boss Loses Bid To Cut Sentence Over $36M Fraud

    A New York federal judge on Friday refused to further trim an eight-year prison sentence that a crypto entrepreneur has been serving for his role in a $36 million crypto-fraud scheme, citing his "history of fraudulent behavior" and a lack of circumstances "extraordinary" enough to justify a sentence reduction.

  • October 24, 2025

    Logan Paul Denied Win Against Crypto Zoo Co-Defendants

    A Texas federal judge has released three individuals involved in Logan Paul's failed crypto project, CryptoZoo, from an investor suit, while also denying the YouTube celebrity's bid for a default judgment against two other co-founders he claimed were responsible for the venture.

  • October 24, 2025

    Crypto.com Joins Wave Of Crypto Trust Charter Bids

    Digital asset platform Crypto.com said Friday that it has applied for a national trust charter with the Office of the Comptroller of the Currency to boost its custody services, becoming the latest crypto-focused firm to approach the OCC.

  • October 24, 2025

    Texas Drilling Co. Sued In Chancery Over Record Access

    A stockholder-director of a Texas-based drilling company has sued in the Delaware Chancery Court to seek documents, alleging its president unilaterally and unlawfully shut down operations and refused to provide paperwork about the winding-up process.

  • October 24, 2025

    Avalara Investors Fight Stay In $8.4B Buyout Dispute

    Shareholders of tax software company Avalara are fighting a motion by the company in Washington federal court to stay litigation accusing it of misleading investors ahead of an $8.4 billion deal to take the company private.

  • October 24, 2025

    Investors Push To Find Crypto Firm Liable In Fraud Case

    Investors alleging their cousin fraudulently talked them into investing in a cryptocurrency firm have asked a Michigan federal judge to grant them a partial early win and find the firm liable for selling unregistered securities to the public.

  • October 24, 2025

    Tricida Investors Win OK Of $14.2M Deal Over Kidney Drug

    A California federal judge on Thursday granted final approval to a $14.2 million settlement that ends a class action against Tricida Inc. founder Gerrit Klaerner claiming he and the company misled investors on the approval chances for their new kidney disease drug, including nearly $4 million for plaintiffs' counsel.

  • October 24, 2025

    TeamSpeak Directors Urge Delay For Chancery Fines

    Two former U.K. directors of voided online gaming chat venture TeamSpeak urged a Delaware senior magistrate Friday to keep on hold a $1,000 per day penalty and other sanctions imposed in a stockholder dispute over the company's disclosures and compliance with record demands.

  • October 24, 2025

    Co. Tied To Alleged Long Con Can't Skirt Ex-NFL Player's Suit

    A professional networking organization cannot sidestep a lawsuit by retired NFL player Mike Rucker and his wife claiming they were swindled by their longtime financial adviser, a state court judge ruled, finding the complaint fairly traces the couple's financial harm to the company.

  • October 24, 2025

    Shutdown Delays Virtu's Bid To End SEC Suit

    The U.S. Securities and Exchange Commission on Friday told a New York federal judge a settlement with Virtu Financial Inc. that was on the cusp of approval would be delayed because of the government shutdown.

  • October 24, 2025

    Robinhood Calls Mass. Enforcers' Kalshi Suit A 'Threat'

    Investment platform Robinhood told a federal judge it is entitled to pursue a declaratory judgment to avert actual and potential harm caused by a Massachusetts regulator's separate lawsuit against predictions market KalshiEX.

  • October 23, 2025

    EV-Maker Rivian Will Pay $250M To End Investors' Fraud Suit

    Rivian Automotive Inc. investors asked a California federal judge Thursday to greenlight a $250 million settlement resolving their claims that the company underpriced its electric vehicles and misrepresented its profitability ahead of a blockbuster 2021 initial public offering, just one day before a summary judgment hearing.

  • October 23, 2025

    Jurors See MIT Bros' Chats, Plans For $25M Crypto Gambit

    Jurors weighing the fate of two MIT-educated brothers accused of pulling a $25 million crypto heist on Thursday saw a swath of messages and search history that prosecutors say detail the planning for a high-tech fraud that profited at the expense of other traders on the Ethereum blockchain.

  • October 23, 2025

    Chancery Maps Out Math For Hefty Drug Co. Breach Interest

    A Delaware vice chancellor late Thursday issued a road map for calculating tens of millions of dollars in interest due after a ruling in June that Alexion Pharmaceuticals failed a "best efforts" duty to fulfill an autoimmune drug candidate deal with Syntimmune Inc.

  • October 23, 2025

    Adidas Hid Ye's Hate Speech From Investors, 9th Circ. Told

    Adidas investors urged the Ninth Circuit on Thursday to revive allegations that the sportswear giant failed to disclose the risks of relying on the rapper Ye for a multibillion-dollar fashion partnership, arguing that executives hid evidence of his "raging" antisemitism, like his proposal for a swastika shoe design.

  • October 23, 2025

    Rio Tinto Investors Get Final OK On $139M Deal, Atty Fees

    A New York federal judge on Thursday awarded $17.7 million in attorney fees and granted final approval for a $139 million settlement reached in a securities class action that accused mining giant Rio Tinto of concealing delays and cost overruns in a $7 billion copper-gold mine development in southern Mongolia.

Expert Analysis

  • Series

    Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • Nev. Steps Up Efforts To Attract Incorporations With New Law

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    Recent amendments to Nevada corporate law, which will narrow controlling stockholders’ liability, streamline mergers and allow companies to opt out of jury trials, show the interstate competition to attract new and reincorporating companies is still heating up, say attorneys at Simpson Thacher.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

  • 3rd-Party Audit Tactics To Improve Export Control Compliance

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    Companies should take a strategic approach to third-party audits in response to the Trump administration's ramp-up of export control enforcement with steps that strengthen their ability to identify the control weaknesses of distributors, dealers and resellers, say Michael Huneke at Hughes Hubbard, and John Rademacher and Abby Williams at Secretariat Advisors.

  • Can Companies Add Tariffs Back To Earnings Calculations?

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    With the recent and continually evolving tariffs announced by the Trump administration, John Ryan at King & Spalding takes a detailed look at whether those new tariffs can be added back in calculating earnings before interest, taxes, depreciation and amortization — an important question that may greatly affect a company's compliance with its financial covenants.

  • Series

    My Opera And Baseball Careers Make Me A Better Lawyer

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    Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.

  • A Look At DOJ's Dropped Case Against Early Crypto Operator

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    The prosecution of an early crypto exchange operator over alleged unlicensed money transmission was recently dropped in Indiana federal court, showcasing that the U.S. Justice Department may be limiting the types of enforcement cases it will bring against digital asset firms, say attorneys at Greenberg Traurig.

  • Policy Shifts Bring New Anti-Money Laundering Challenges

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    In the second half of 2025, the U.S. anti-money laundering regulatory landscape is poised for decisive shifts in enforcement priorities, compliance expectations and legislative developments — so investment advisers and other financial institutions should take steps to prepare for potential new obligations and areas of risk, say attorneys at Linklaters.

  • 8 Ways Lawyers Can Protect The Rule Of Law In Their Work

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    Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.

  • Assessing New Changes To Texas Officer Exculpation Law

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    Consistent with Texas' recent modernization of its corporate law, the recently passed S.B. 2411 allows officer exculpation, streamlines certificate of formation amendments, authorizes representatives to act on shareholders' behalf in mergers and makes other changes aimed toward companies seeking a more codified, statutory model of corporate governance, say attorneys at Bracewell.

  • Is SEC Moving Away From Parallel Insider Trading Cases?

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    The U.S. Securities and Exchange Commission's apparent lack of follow-up in four recent criminal cases of insider trading brought by the Justice Department suggests the SEC may be reconsidering the expense and effort of bringing parallel civil charges for insider trading, say attorneys at Dentons.

  • Series

    Law School's Missed Lessons: Communicating With Clients

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    Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.

  • Prepping For SEC's Changing Life Sciences Enforcement

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    By proactively addressing several risk areas, companies in the life sciences sector can position themselves to minimize potential exposure under the U.S. Securities and Exchange Commission's return to back-to-basics enforcement focused on insider trading and fraud, say attorneys at Morgan Lewis.

  • Series

    Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • Opinion

    FCPA Shift Is A Good Start, But There's More DOJ Should Do

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    The U.S. Department of Justice’s new Foreign Corrupt Practices Act guidelines bring a needed course correction amid overexpansive enforcement, but there’s more the DOJ can do to provide additional clarity and predictability for global companies, say attorneys at Norton Rose.

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