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Securities
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March 20, 2026
SEC's $1B Broad Street Fraud Case Stays In Fla.
A private equity firm the U.S. Securities and Exchange Commission accused of defrauding investors in a $1 billion fund will have to face the lawsuit in Florida, after a federal judge there refused Friday to toss the case or move it to South Carolina, where the firm is based.
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March 20, 2026
UBS Gets Final OCC Nod For US Arm To Be National Bank
The Office of the Comptroller of the Currency has granted final approval for UBS Group AG to convert its U.S. depository subsidiary into a national bank, a move the Swiss banking giant is touting as a boon for its stateside growth ambitions.
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March 20, 2026
KBR Investors Revise Suit Over DOD Relocation Contract
A proposed class of investors has launched revised claims in a suit alleging engineering solutions company KBR Inc. misled the market about its joint venture's now terminated partnership with the government to assist in relocating military personnel.
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March 20, 2026
BofA Hit With 2nd Class Suit Over Alleged $328M Crypto Scam
Bank of America and a New Jersey IRA‑LLC facilitator are facing a growing wave of litigation over their alleged roles in enabling the $328 million Goliath Ventures cryptocurrency scam, with two new federal class actions filed this week accusing them of helping steer retirement and investment funds into what prosecutors say was a massive Ponzi scheme.
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March 20, 2026
Feds Don't Have To Reveal Probe Of BofA's Epstein Ties
The federal government does not have to disclose a possible investigation into Bank of America's alleged role in enabling Jeffrey Epstein's sex trafficking scheme, a New York federal judge said Friday, explaining his order earlier this month denying the bank's bid to stay a civil suit that has since been settled.
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March 20, 2026
DOD Calls Anthropic's Supply Chain Risk Case Premature
The Pentagon urged the D.C. Circuit to reject Anthropic's attempt to halt the agency's designation of the artificial intelligence company as a supply chain risk to national security, arguing the designation is limited in scope, and that Anthropic's motion is premature.
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March 20, 2026
Chubb Moves To Toss Shareholder's Climate Proposal Suit
Insurance company Chubb Ltd. is fighting an effort to place a climate-related question on its annual corporate ballot, telling a Washington, D.C., federal judge that the shareholder championing the proposal is attempting to micromanage its business.
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March 20, 2026
CFTC Gives Update On Crypto Collateral Expectations
The U.S. Commodity Futures Trading Commission gave registrants more information about its expectations around the use of crypto collateral in a Friday notice, which reminded futures commission merchants they must notify the agency's Market Participants Division if they plan to take advantage of a pilot program launched last year.
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March 20, 2026
5th Circ. Won't Rehear FDIC Enforcement Challenge
The Fifth Circuit said Friday that it won't revisit a constitutional challenge to the Federal Deposit Insurance Corp.'s use of in-house enforcement proceedings, turning down a petition that had drawn support from the U.S. Chamber of Commerce and civil liberties groups.
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March 20, 2026
Top SEC Enforcer Signals Continuity After Ryan Departure
The U.S. Securities and Exchange Commission's acting enforcement chief said Friday that the agency will continue to "focus on quality over quantity" when it comes to the cases it brings, projecting continuity with his predecessor's approach after her abrupt departure from the agency earlier this week.
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March 20, 2026
OCC Leaves Itself Flexibility On Stablecoin Yield Question
The Office of the Comptroller of the Currency made clear in its recent stablecoin rule proposal that it plans to bar issuers from paying yields to holders in some instances, but legal experts say the regulator appears to be leaving itself considerable room to decide which arrangements cross a line.
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March 20, 2026
Jury Says Musk Defrauded Twitter Investors In $44B Buyout
A California federal jury found on Friday that Elon Musk committed securities fraud in a civil trial over claims the tech billionaire made false or misleading statements about Twitter's fake "bot" accounts problem in a bid to ditch or renegotiate his $44 billion deal to acquire the social media platform.
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March 20, 2026
Albertsons Subpoenas Ex-Kroger CEO In Merger Fight
Albertsons Cos. Inc. has subpoenaed former Kroger Co. CEO Rodney McMullen in Delaware Chancery Court to sit for a two-day deposition next month, intensifying discovery in its Delaware lawsuit over the collapse of the companies' proposed $24.6 billion merger.
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March 20, 2026
Hims Says Failed Wegovy Collab Doesn't Merit Investor Suit
Telehealth company Hims & Hers Health Inc. urged a California federal court to release it from a shareholder suit accusing it of exploiting its partnership with Novo Nordisk, the distributor of weight loss drug Wegovy, to sell "knockoff" drugs, saying the suit does not allege the company's executives knew the partnership would fall through.
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March 20, 2026
State Judge Temporarily Bars Kalshi Wagers In Nevada
A Nevada state judge temporarily blocked prediction market operator Kalshi from offering sports, election and entertainment related event contracts in the Silver State, finding regulators reasonably likely to prevail in an action alleging its event-based contracts violate gaming laws.
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March 20, 2026
Cooperator Rechnitz Can't Avoid Jail At SDNY Resentencing
A Manhattan federal judge on Friday hit Jona Rechnitz, a prolific cooperating witness who testified at three trials, with a five-month prison sentence for corruption crimes he committed over a decade ago, despite saying "you have done all you can" to atone.
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March 20, 2026
Legal Sector Bracing For Impact Of Del. Corp. Law Changes
Now that the Delaware Supreme Court has signed off on controversial corporate law amendments, the legal industry is anxiously awaiting the real-world impacts of those changes, panelists at Tulane University Law School's Corporate Law Institute said on Friday.
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March 20, 2026
White House Pushes Congress To Override State AI Laws
The White House directed Congress to preempt "burdensome" state laws on artificial intelligence in a legislative framework released Friday.
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March 20, 2026
Taxation With Representation: Clifford Chance, Davis Polk
In this Week's Taxation With Representation, Public Storage acquires National Storage Affiliates Trust, 3M teams up with Bain Capital to buy Madison Fire & Rescue, and Mastercard acquires stablecoin infrastructure firm BVNK.
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March 20, 2026
Hong Kong Backer Accuses Med Co. Founders Of Self-Dealing
A Hong Kong-based investor has filed a lawsuit in the Delaware Chancery Court accusing the founders of a medical device startup of running the company for their own benefit while ignoring basic corporate governance rules.
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March 19, 2026
Depo Stay Kept As Trump Media Settles Merger Docs Dispute
A Florida state judge on Thursday kept a roughly one-month pause on the deposition of certain individuals in Trump Media's lawsuit alleging an investor botched the platform's initial public offering, allowing an arbitrator to resolve a dispute over who controls documents related to the merger with a special purpose acquisition company.
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March 19, 2026
Mich. AG Wants Kalshi Enforcement Case Back In State Court
Michigan's attorney general has asked a federal judge to send an enforcement action against prediction market KalshiEX LLC back to state court, saying that the company was just trying to "buy time and make money" with its arguments for federal jurisdiction.
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March 19, 2026
LA Cannabis Shop Fights Shutdown Over $4.9M Tax Bill
The new manager of a Los Angeles cannabis dispensary is suing state and city agencies in California state court to stop them from shutting down the business over a $4.9 million unpaid tax bill incurred by old management, arguing the agencies are acting arbitrarily and denying the managerial company due process.
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March 19, 2026
Sens. Urge SEC To Tackle China Exploit Of 'Opaque' Entities
A bipartisan group of Senate Banking Committee members said in a Thursday letter to the U.S. Securities and Exchange Commission that Chinese-owned companies' exploitation of a corporate structure controlled through contractual agreements exposes U.S. investors in such "opaque" entities to serious risks, including a lack of meaningful legal protections.
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March 19, 2026
Ex-Judges Say Anthropic Case Doesn't Merit Court Deference
Nearly 150 former judges are backing Anthropic's fight against its designation as a "supply chain risk" by the U.S. Department of Defense, telling the D.C. Circuit in an amicus brief that the judiciary shouldn't simply defer to the executive just because it invokes national security.
Expert Analysis
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Series
Knitting Makes Me A Better Lawyer
Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.
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Series
The Biz Court Digest: Welcome To Miami
After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.
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Identifying And Resolving Conflicts Among Class Members
As the Fifth Circuit's recent decision in Nova Scotia Health Employees' Pension Plan v. McDermott International illustrates, intraclass conflicts can determine the fate of a class action — and such conflicts can be surprisingly difficult to identify, says Andrew Faisman, a clerk at the U.S. District Court for the Southern District of New York.
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What Law Firm Liability Risks In 2025 Signal For Year To Come
Trends and statistics reveal that law firms of all sizes and practice areas remained attractive litigation targets this year, so firms must take concrete steps to avoid professional liability risks in the year to come, say Douglas Richmond and Andrew Ricke at Lockton Companies.
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Recent Proposals May Spell Supervision Overhaul For Banks
A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.
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What US Can Learn From Brazil's Securities Arbitration Model
To allay investor concerns about its recent approval of mandatory arbitration clauses in public company registration statements, the U.S. Securities and Exchange Commission should look to Brazil's securities arbitration model, which shows that clear rules and strong institutions can complement the goals of securities regulation, say arbiters at the B3 Arbitration Chamber.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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Series
The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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How Bank-Fintech Partnerships Changed In 2025
The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.
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2 Early Settlement Alternatives In Federal Securities Litigation
Most class actions brought under the federal securities laws are either settled or won by the defendants following a motion to dismiss, but two alternative strategies have the potential to lower discovery costs and allow defendants to obtain judgment without the uncertainty of jury trials on complex matters, says Richard Zelichov at DLA Piper.
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright
The recent denial of a challenge to invalidate 2024 amendments to the U.S. Securities and Exchange Commission's tick size and fee-cap rules reinforces the D.C. Circuit's deference to SEC expertise in market structure regulation, even after Loper Bright, though implementation of the rules remains uncertain, say attorneys at Sidley.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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Class Actions At The Circuit Courts: December Lessons
In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses recent rulings and identifies practice tips from cases involving securities, takings, automobile insurance, and wage and hour claims.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.