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Securities
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									October 22, 2025
									Tesla Claims Texas Charter Trumps Sweeping Claims In Del.Attorneys for Tesla, its principals and Elon Musk told Delaware's chancellor on Tuesday that the company's widely trumpeted corporate charter move from Delaware to Texas should doom a Court of Chancery consolidated stockholder suit challenging a string of actions by the company and Musk. 
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									October 22, 2025
									4th Circ. Seems Wary Of Under Armour's $100M Coverage WinThe Fourth Circuit didn't seem convinced Wednesday that it should affirm a lower court's finding that government investigations into Under Armour are unrelated to a securities class action against the sportswear company and thus trigger an additional $100 million in directors and officers coverage from Under Armour's excess insurers. 
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									October 22, 2025
									Crypto Exchange Fined $126.4M For AML Violations In CanadaA Canadian financial regulator on Wednesday ordered crypto exchange Cryptomus to pay a 177 million Canadian dollar ($126.4 million) penalty to resolve anti-money laundering compliance claims, many of which concern transactions connected to sex trafficking and fraud. 
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									October 22, 2025
									REIT Inks $7M Settlement Of Ex-CEO's Class Action ClaimsA real estate investment trust has reached a $7.125 million deal to end a proposed investor class action brought by its former CEO alleging its insiders breached their fiduciary duties after the company's common stock was diluted by "disastrous" stock redemption decisions. 
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									October 22, 2025
									Kroll Wants FTX Hack Suit Tossed, Arbitrated Or MovedBankruptcy claims agent Kroll Restructuring Administration LLC has asked a Texas federal judge to transfer or sink a proposed class action over a data breach that affected creditors of FTX Trading Ltd., BlockFi Inc. and Genesis Global Holdco LLC, pointing to alleged standing issues and an online arbitration agreement. 
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									October 22, 2025
									UBS Urges Justices Not To Revive Retaliation Case AgainUBS Securities is urging the U.S. Supreme Court not to revive, for a second time, a fired worker's whistleblower retaliation lawsuit, arguing that lower courts should be allowed to consider questions about jury instructions regarding the meaning of "contributing factor" in the Sarbanes-Oxley Act before the high court weighs in. 
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									October 22, 2025
									Grocery Outlet Fights Investor Claims Over IT Update WoesGrocery Outlet Holding Corp. has asked a California federal court to toss a shareholder's suit accusing it of botching the implementation of an enterprise resource planning system that allegedly caused operational disruptions and financial losses, saying the suit is based on "impermissible fraud by hindsight." 
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									October 22, 2025
									Investor Advocates Criticize SEC's New Arbitration StanceTwo investor advocacy groups are speaking out against a recent U.S. Securities and Exchange Commission decision to allow some newly public companies to adopt mandatory arbitration clauses, arguing that the move undermines shareholder rights and could make the U.S. a less attractive place to invest. 
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									October 22, 2025
									FINRA Hits Barclays With $150K Fine For IPO WorkBarclays Capital Inc. has agreed to pay $150,000 to settle accusations that it violated the Financial Industry Regulatory Authority's conflict of interest rules when serving as an underwriter on a $700 million initial public offering. 
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									October 22, 2025
									Texas Appeals Court Wipes $64M Judgment For Dallas LenderA Texas appellate court wiped away a $64 million award to the subsidiary of a Dallas investment company following alleged fraud by Credit Suisse surrounding lending for a luxury Nevada community, saying the lower court improperly found that the subsidiary could collect damages above zero dollars. 
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									October 22, 2025
									Crypto Firm Wins Freeze Of $8M In Allegedly Stolen CryptoA D.C. federal judge extended an order freezing the digital wallets of two D.C.-area men Wednesday after a Miami-based crypto trading firm claimed that the men used legitimate-looking business fronts to con the firm out of more than $8 million in a fraudulent bitcoin trade. 
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									October 22, 2025
									6th Circ. Backs Lordstown Execs In Failed Foxconn Deal SuitThe Sixth Circuit has upheld the dismissal of a suit claiming former executives of Lordstown Motors Corp. misled investors about the state of a partnership with Foxconn Technology Group, finding leaders' optimism about the ultimately failed deal wasn't intentionally false. 
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									October 22, 2025
									Presidential Firing Limits Fight Builds At High CourtThe ousted U.S. Merit Systems Protection Board chair has encouraged the U.S. Supreme Court to include a caveat for "legislative courts" if it overturns precedent that empowers Congress to limit the president's authority to fire certain agency officials, but opponents of independent agencies want a clean break from the status quo. 
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									October 22, 2025
									3 Firms Guide DraftKings Deal To Enter Prediction MarketsBetting platform DraftKings has entered the prediction markets with its acquisition of Railbird Technologies Inc., but it will not yet offer prediction wagering on sporting events, instead initially focusing on finance, culture and entertainment, according to a company announcement. 
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									October 22, 2025
									Trade Desk CEO Pay Suit Pleads 'Bad Faith,' Del. Justices ToldThe Delaware Supreme Court heard oral arguments on Wednesday in the appeal of the dismissal of a stockholder derivative suit that sought to block an up to $5.2 billion, multiyear chairman's compensation package for global digital marketing venture The Trade Desk. 
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									October 22, 2025
									Unions Pursue More Protection For Federal Workers In ShutdownEight unions asked a California federal judge to step up the level of protection she provided to thousands of federal workers' jobs during the government shutdown, urging her to expand the number of jobs she's protecting and turn a temporary restraining order into a preliminary injunction. 
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									October 22, 2025
									Straight Path Class Attys Appeal $1.2B Damage Claim TossAn attorney for Straight Path Communications shareholders told Delaware's justices Wednesday the state Supreme Court should revive a $1.2 billion claim tied to company controller Howard Jonas' allegedly self-interested role in shutting down a board special committee's pursuit of damages against him. 
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									October 22, 2025
									Crypto Exchange FalconX Snags ETP Provider 21sharesDigital asset brokerage FalconX on Wednesday unveiled plans to buy cryptocurrency exchange-traded funds and products provider 21shares, a move that comes just over a month after the U.S. Securities and Exchange Commission eased listing standards for crypto ETPs. 
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									October 22, 2025
									NC Biz Court Bulletin: COVID Coverage, A Suspect SignatureThe North Carolina Business Court has rounded the corner into fall with insurance disputes over COVID-19 coverage at a chain of outlet malls and the theft of over $900,000 in legal THC reportedly stolen from a warehouse in the Southwest. 
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									October 22, 2025
									NHL Embraces Prediction Market With Kalshi, Polymarket DealsThe National Hockey League on Wednesday announced it had entered "landmark" multiyear agreements with Polymarket and Kalshi following a recent surge in the popularity of prediction market platforms, which have also faced several recent legal challenges. 
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									October 22, 2025
									16-Year CFTC Atty Joins Orrick's DC Finance Team As PartnerA veteran Commodity Futures Trading Commission lawyer who most recently served as an associate director has joined Orrick Herrington & Sutcliffe LLP in Washington, D.C., as former lawyers from the agency move to new roles months after a round of layoffs. 
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									October 21, 2025
									Citadel Securities Asks 11th Circ. To Scope SEC's IEX OrderCitadel Securities has petitioned the Eleventh Circuit to review the U.S. Securities and Exchange Commission's recent approval of a new options exchange called IEX Options, following a comment letter the broker-dealer sent to the regulator stating that IEX "seeks approval for an unprecedented quote-canceling scheme in the U.S. options market." 
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									October 21, 2025
									Crypto Trader Says He Thought MIT Bros.' $25M Win Was LegitA former quantitative trader for two MIT-educated cryptocurrency entrepreneurs told a Manhattan federal jury Tuesday he didn't believe at the time that they were doing anything illegal when executing a strategy to obtain $25 million at the expense of other traders on the Ethereum blockchain. 
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									October 21, 2025
									Chancery Mulls 'Sufficiency' Ruling In Squarespace Doc SuitAn attorney for a former stockholder of website hosting venture Squarespace Inc. told a Delaware vice chancellor Tuesday that the Chancery Court's senior magistrate erred in declining to order a release of emails for a books and records investigation focused on the company founder's role in a $7.2 billion take-private sale. 
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									October 21, 2025
									2nd Circ. Weighs Reviving Signature Bank Investor SuitThe Second Circuit quizzed an FDIC attorney Tuesday over the agency's ability to stop Signature Bank's former shareholders from suing following the bank's collapse, with the judges considering whether to revive a lawsuit accusing Signature's brass and its outside auditor of failing to warn investors about its liquidity problems. 
Expert Analysis
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								Series Law School's Missed Lessons: Client Service  Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale. 
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								How Occasional Activists Have Reshaped Proxy Fights  The sophistication and breadth of first-time activist engagement continue to shape corporate governance and strategic outcomes, as evidenced across corporate annual meetings this summer, meaning advisers should anticipate continued innovation in tactics, increased regulatory complexity, and a persistent focus on board accountability, say attorneys at MoFo. 
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								US-German M&A Hits Its Stride Despite Economic Headwinds.jpg)  Against expectations, dealmakers in both the U.S. and Germany are actively seeking investment opportunities in each other's markets, with 2025 shaping up to be the strongest year in recent memory, say attorneys at White & Case. 
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								Enter The Wu-Tang Ruling That May Change Trade Secret Law  A New York federal court's recent holding that a Wu-Tang Clan album qualifies as a trade secret provides the first federal framework for analyzing trade secret claims involving assets valued primarily for exclusivity, potentially reshaping Defend Trade Secrets Act jurisprudence for the digital economy, says Jason Bradford at Jenner & Block. 
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								How Financial Cos. Can Prep As NYDFS Cyber Changes Loom  Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury. 
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								Opinion Ending Quarterly Reporting Would Erode Investor Protection  President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti. 
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								Series Adapting To Private Practice: 3 Tips On Finding The Right Job  After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith. 
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								A Look At Project Crypto's Plans For Digital Asset Regulation  U.S. Securities and Exchange Commission Chairman Paul Atkins' recent announcement of Project Crypto, an agencywide initiative to modernize federal securities regulations, signals a significant shift toward a more flexible regulatory framework that would shape the future of the U.S. digital asset market, say attorneys at WilmerHale. 
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								Series Painting Makes Me A Better Lawyer  Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law. 
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								3 Trends From AI-Related Securities Class Action Dismissals.jpg)  A review of recently dismissed securities class actions centering on artificial intelligence highlights courts' scrutiny of statements about AI's capabilities and independence, and sustained focus on issues that aren't AI-specific, say attorneys at Alston & Bird. 
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								CFTC, SEC Joint Statement Highlights New Unity On Crypto  The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission's recent joint statement announcing a cross-agency initiative enabling certain spot crypto-asset products to trade on regulated exchanges is the earliest and most visible instance of interagency cooperation on crypto regulation, say attorneys at Morgan Lewis. 
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								Regulatory Uncertainties Loom As Fed Ends Crypto Oversight  The Federal Reserve Bank's recently ended crypto supervisory program headlines other recent federal actions from Congress, the White House and relevant agencies that may complicate financial institutions' digital-asset use and attendant compliance strategies, say attorneys at Buchalter. 
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								Opinion SEC Arbitration Shift Is At Odds With Fraud Deterrence  The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller. 
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								Better Crypto Insurance Is Attainable Amid Regulatory Shifts  With regulatory clarity improving and insurance carriers taking an increasingly constructive approach, crypto industry participants can improve their insurance coverage and pricing if finance, legal and compliance teams take specific steps, say Walker Newell and Jacob Sawyer at Woodruff-Sawyer. 
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								Protecting Sensitive Court Filings After Recent Cyber Breach  In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.