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Securities
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									September 29, 2025
									SEC Says Adviser Stole Holocaust Restitution Funds In PloyA Brooklyn financial adviser faces U.S. Securities and Exchange Commission allegations he defrauded at least 15 of his fellow members of the Russian-American Jewish community out of at least $4.1 million, including one person whose inheritance included restitution funds for his Holocaust survivor parents. 
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									September 29, 2025
									Crypto Promoter Fined For Skipping Deposition In Fraud CaseA Michigan federal judge has ordered a cryptocurrency promoter to pay $1,000 for missing a deposition deadline in a case brought by investors who said the promoter duped them into buying digital assets. 
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									September 29, 2025
									Wells Fargo Defends $400K Award Against Ex-AdviserWells Fargo urged a North Carolina federal court to reject a bid from a former financial adviser to vacate a nearly $400,000 arbitration award entered against him, arguing that the ex-employee has failed to meet the high burden required for court interference. 
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									September 29, 2025
									Ex-Frank CEO Gets 7 Years Over Soured JPMorgan DealFrank founder and former CEO Charlie Javice was sentenced Monday to more than seven years in prison following her conviction at trial for conning JPMorgan Chase & Co. into buying the now-shuttered student financial aid startup for $175 million by lying about its user base. 
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									September 29, 2025
									Legal Funder Settles Licensing Row With Conn. Banking ChiefA Connecticut-based litigation funding company will pay up to $50,000 in restitution to its customers and cease all unlicensed small loan activity after entering a consent order with the state's Department of Banking. 
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									September 29, 2025
									Catching Up With Delaware's Chancery CourtA Delaware vice chancellor expressed disappointment and concern over what she says is a "breakdown" in "civility and respect" that has emerged in recent Delaware corporate litigation. A $30 million settlement was approved in the five-year running Match.com reverse spinoff suit, and the top brass of Estée Lauder were hit with a derivative suit for allegedly covering up the company's reliance on prohibited, duty-free "gray market" sales of its products in China. 
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									September 29, 2025
									NY's Top Financial Services Regulator Is Stepping DownThe head of the New York State Department of Financial Services is stepping down next month and will be replaced on an interim basis by the chief of its fintech-focused innovation division, New York Gov. Kathy Hochul said Monday. 
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									September 26, 2025
									Trump Says Cook Can't Rely On 'Mantra' Of Fed IndependenceThe Trump administration Friday fired back at Federal Reserve Gov. Lisa Cook's argument that the Fed's independence is at stake if the president is allowed to fire her, arguing before the U.S. Supreme Court that Cook invokes "the mantra of Federal Reserve independence" to impose removal protections Congress never enacted. 
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									September 26, 2025
									Ex-Wall Street Financier, Assistant Charged With Sex TraffickingRetired financier Howard Rubin and his longtime assistant were charged with sex trafficking Friday in New York federal court, where prosecutors say Rubin lured women to his New York City penthouse "dungeon" where he assaulted them. 
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									September 26, 2025
									Atty Facing Crypto Fraud Charge Can't Block Evidence At TrialA suspended Pennsylvania attorney's requests to exclude certain evidence from his upcoming October cryptocurrency fraud trial were largely shot down by a judge who found, among other things, that the requests should have taken the form of earlier motions to strike certain allegations from the government's indictment. 
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									September 26, 2025
									Zillow Loses 9th Circ. Bid To Undo Investor Class Cert.The Ninth Circuit on Friday affirmed a lower court's decision to grant class certification in an investor suit claiming Zillow Group Inc. oversold a now-shuttered home-buying program, rejecting the real estate listing site's arguments that the lower court did not correctly apply the U.S. Supreme Court's Goldman decision to the class certification bid. 
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									September 26, 2025
									Facial Machine Maker Can't Slough Off Investor SuitSalon treatment equipment maker the Beauty Health Company can't shed claims it hurt investors by hiding critical design issues affecting its Syndeo hydrodermabrasion facial machine detailed in an "exhaustive" complaint, a California federal judge has determined. 
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									September 26, 2025
									Wu-Tang Album May Be Trade Secret In Shkreli Suit, Judge SaysA New York federal judge has found that a one-of-a-kind Wu-Tang Clan album could be considered a trade secret in a novel decision that made significant trims to a cryptocurrency project's lawsuit against the album's former owner Martin Shkreli, but the judge kept in play claims that he misappropriated the project's trade secrets. 
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									September 26, 2025
									SEC To Weigh Waivers Alongside Enforcement SettlementsU.S. Securities and Exchange Commission Chair Paul Atkins announced Friday the agency will return to a practice of allowing firms to request waivers from follow-on consequences of enforcement actions while they pursue settlement discussions to resolve their case. 
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									September 26, 2025
									Swizz Beatz Can't Avoid $7.3M 1MDB Fraud CaseA New York federal judge on Friday denied hip-hop artist Swizz Beatz's bid to dismiss a lawsuit that alleges he received millions of dollars in the infamous 1Malaysia Development Berhad fraud scandal, saying liquidators for two alleged shell companies sufficiently alleged fraudulent transfers of funds among other claims. 
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									September 26, 2025
									Judge Criticizes Push For Harsher Sentence In CytoDyn CaseA Maryland judge on Friday blasted federal prosecutors for seeking an enhanced sentence for a former biotech executive convicted of fraud for his role in the CytoDyn stock inflation scheme, saying the government wanted a harsher sentence for allegations he was already acquitted of at trial. 
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									September 26, 2025
									SEC Eyes Tweaking RMBS Rules To Revive Dormant MarketThe U.S. Securities and Exchange Commission put out a call for public comments on improving its rules over residential mortgage-backed securities, noting that there have been no such public offerings in more than a decade and questioning whether the agency's requirements may be partially to blame. 
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									September 26, 2025
									Inotiv Inks $8.75M Investor Deal Over Animal Welfare ClaimsMedical research services provider Inotiv Inc. and its shareholders asked an Indiana federal court to approve an $8.75 million settlement to resolve investors' claims the company concealed that its subsidiaries were under investigation by the U.S. Department of Justice for animal welfare and smuggling violations. 
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									September 26, 2025
									Bayer Investors Seek Final OK Of $38M Settlement, Atty FeesBayer AG shareholders have asked a California federal judge to give final approval of its $38 million settlement with the German multinational to end claims it downplayed litigation risks related to the weedkiller Roundup, saying the deal, which seeks over $10 million in attorney fees, is fair. 
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									September 26, 2025
									Mass. Pot Shop Shareholders Say Investor Trying A FreezeoutA group of shareholders who collectively control approximately 90% of Massachusetts cannabis producer and dispensary chain Atlantic Medicinal Partners Inc. say another investor is trying to steal the business out from under them, according to a complaint filed in state court. 
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									September 26, 2025
									United Bank To Pay $2M Settling ESOP Class ActionUnited Bank Corp. has agreed to pay $2 million to settle claims it booted former employees out of its employee stock ownership plan and cut them out of the proceeds of a $23.3 million dividend, according to a filing in Georgia federal court. 
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									September 26, 2025
									Dr. Evil Gets Brief Callout In Del. Take-Public Merger SuitAttorneys for a blank-check company that claimed at least $30 million in damages in Delaware's Court of Chancery after an alleged take-public merger breach on Friday branded the accused breacher's $2.1 billion counterclaim as being "worthy of Dr. Evil in the 'Austin Powers' movies." 
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									September 26, 2025
									Illumina And Grail Nix Investor Suit Over Failed Deal, For NowIllumina and Grail on Friday defeated a proposed class action alleging they lied to investors who bought artificially inflated Illumina stock whose prices plunged following several purported disclosures, after a California federal judge said the investors hadn't adequately pled which disclosures corrected any alleged misstatements that caused their losses. 
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									September 26, 2025
									Kalshi, Robinhood Fight Tribes' Bid To Block Sports ContractsTrading platforms Kalshi and Robinhood urged a California federal judge to reject an injunction bid lodged by Native American tribes in California that would prevent the companies from offering sports betting contracts on tribal lands, arguing their federally authorized event contract businesses would suffer "substantial and irreparable harm." 
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									September 26, 2025
									Trump Media Seeks End To Merger Fee Fight After ArbitrationIn the wake of a favorable arbitration award, counsel for Donald Trump's social media company told a New York state judge Friday that it would seek to bar further litigation in a fee dispute with a company that helped launch Truth Social in an $875 million merger. 
Expert Analysis
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								Series Law School's Missed Lessons: Communicating With Clients  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. 
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								Prepping For SEC's Changing Life Sciences Enforcement.jpg)  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. 
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								Series Adapting To Private Practice: From US Rep. To Boutique Firm  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. 
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								Opinion FCPA Shift Is A Good Start, But There's More DOJ Should Do  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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								Del. Ruling May Redefine Consideration In Noncompetes  The Delaware Court of Chancery's conclusion in North American Fire v. Doorly, that restrictive covenants tied to a forfeited equity award were unenforceable for lack of consideration, will surprise many employment practitioners, who should consider this new development when structuring equity-based agreements, say attorneys at Morrison Foerster. 
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								Spinoff Transaction Considerations For Biotech M&A  Amid current market challenges, boards and management teams of biotech companies can consider several strategies for maximizing value should a spinoff opportunity arise, but not without significant advance planning and careful implementation, particularly in cases that might qualify as tax-free, say attorneys at Paul Hastings. 
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								2025's First Half Brings Regulatory Detours For Fintechs  The first half of the year has resulted in a bifurcated regulatory environment for fintechs, featuring narrowed enforcement in some areas, heightened scrutiny in others and a policy window that, with proper compliance, offers meaningful opportunities for innovation, say attorneys at Sheppard Mullin. 
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								Opinion Senate's 41% Litigation Finance Tax Would Hurt Legal System  The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law. 
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								Comparing Stablecoin Bills From UK, EU, US And Hong Kong  For multinational stablecoin issuers, navigating the differences and similarities among regimes in the U.K., EU, Hong Kong and U.S., which are currently unfolding in several key ways, is critical to achieving scalable, compliant operations, say attorneys at Morgan Lewis. 
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								What Baseball Can Teach Criminal Attys About Rule Of Lenity  Judges tend to assess ambiguous criminal laws not unlike how baseball umpires approach checked swings, so defense attorneys should consider how to best frame their arguments to maximize courts' willingness to invoke the rule of lenity, wherein a tie goes to the defendant, says Jonathan Porter at Husch Blackwell. 
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								Tips For Litigating Apex Doctrine Disputes Amid Controversy  Litigants once took for granted that deposition requests of high-ranking corporate officers required a greater showing of need than for lower-level witnesses, but the apex doctrine has proven controversial in recent years, and fights over such depositions will be won by creative lawyers adapting their arguments to this particular moment, say attorneys at Hangley Aronchick. 
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								Series Performing As A Clown Makes Me A Better Lawyer  To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott. 
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								A Guide To Permanent Capital Vehicles As Access Widens  Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown. 
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								How Dfinity Timeliness Ruling Can Aid Crypto Issuers  A California federal court's recent dismissal of a class action against Dfinity, holding that the claims were time-barred by the Securities Act's three-year statute of repose, provides a useful defense for cryptocurrency issuers, which often solicit investments years before minting and distributing the associated tokens, say attorneys at Paul Weiss. 
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								The CFTC Is Shaking Up Sports Betting's Legal Future  The sports betting industry faces a potential sea change amid recent state and federal actions across the regulatory landscape that have expanded access to sporting event contracts against the backdrop of waning Commodity Futures Trading Commission opposition, says Nick Covek at Foley & Lardner.