Securities

  • October 27, 2025

    Kalshi Sues NY Regulator Over Cease-And-Desist Letter

    Trading platform Kalshi on Monday accused the New York State Gaming Commission of intruding into the federal government's regulatory authority over derivatives trading, in a lawsuit following a cease-and-desist letter it received from the state regulator for allegedly illegal sports wagering.

  • October 27, 2025

    Trump Taps Ex-Willkie Atty For 2nd Shot At Filling CFTC Chair

    President Donald Trump has chosen a former Willkie Farr & Gallagher LLP partner and top attorney on the U.S. Securities and Exchange Commission's cryptocurrency task force to head the U.S. Commodity Futures Trading Commission, tapping the crypto industry advocate to lead an agency struggling with a leadership void.

  • October 27, 2025

    2nd Circ. Tosses Ex-Iconix CEO's Fraud Conviction

    The Iconix Brand Group founder who was convicted of falsely inflating revenue by $11 million had his conviction overturned Monday by a Second Circuit panel that said he was subjected to double jeopardy.

  • October 27, 2025

    Manufacturer Ditches Workers' 401(k) Fee Suit For Good

    An Illinois federal judge has permanently dismissed a proposed class action claiming manufacturer Dover Corp. saddled its $1.4 billion retirement plan with excessive recordkeeping and administrative fees, saying the participants' comparator data isn't sufficient under the latest Seventh Circuit guidance for analyzing fiduciary prudence.

  • October 27, 2025

    FINRA Fines Conn. Broker-Dealer Over Underfunded Reserves

    A Connecticut brokerage will pay a $250,000 fine to end Financial Industry Regulatory Authority claims it underfunded its reserves and subsequently kept inaccurate records during a recent two-and-a-half year period.

  • October 27, 2025

    Epstein Docs From JPMorgan Case To Be Largely Unsealed

    A New York federal judge agreed Friday to unseal the "great majority" of documents sought by The New York Times and The Wall Street Journal in since-settled litigation alleging JPMorgan Chase aided Jeffrey Epstein's sex-trafficking activity, finding the names of individuals who discussed Epstein with bank executives must be unsealed.

  • October 27, 2025

    Minerals Co. Brass Settles Investor Suit Over Gov't Contract

    Compass Minerals International's leadership has reached a settlement in a shareholder derivative suit accusing them of hiding signs that the company would not be able to renew a lucrative supplier relationship with the U.S. Forest Service.

  • October 27, 2025

    6th Circ. Judges Question FINRA's 'Voluntary' Membership

    Sixth Circuit judges probed the effect on private securities regulators of a U.S. Supreme Court decision limiting the U.S. Securities and Exchange Commission's use of in-house courts Monday, though a procedural issue may thwart the appeal.  

  • October 27, 2025

    Chinese E-Commerce Giant Can't Block Class Arbitration

    Chinese e-commerce giant Dangdang must face class arbitration of claims that it grossly shortchanged minority shareholders when it went private in 2016, after a judge in New York ruled that the tribunal did not exceed its power despite the underlying arbitration clause not mentioning class arbitration.

  • October 27, 2025

    Acadia Pushes For Appeal Of Investors' Partial Early Win

    Acadia Healthcare Company Inc. is looking to appeal a partial early win granted to a proposed class of investors accusing the company of misleading them about the strength of its United Kingdom operations, arguing that the court's recent ruling presents controlling questions of law warranting immediate appellate review.

  • October 27, 2025

    Feds Fight Union Bid To Protect Jobs During Gov't Shutdown

    The Trump administration is fighting a group of unions' request for a California federal judge to block the government from laying off federal workers during the shutdown, saying the injunction request from eight unions is far too broad.

  • October 27, 2025

    Chancery Mulls Shorter Fuse For Some Court Of Equity Suits

    A Delaware jurist questioned Monday some applications of the Court of Chancery's "laches" counterpart to regular, statutory courts' three-year deadline for bringing claims, saying during arguments on dismissal of a special purpose acquisition company suit that claims in equity "may well" get less time to file.

  • October 27, 2025

    Robinhood User Attys Forgo Fee Over 'Unusually High' Costs

    Attorneys representing Robinhood users said they will forgo fees after racking up "unusually high" costs brokering the $2 million settlement of a consolidated class action alleging the investing platform failed to disclose financial interests, affecting how customers' orders were handled.

  • October 27, 2025

    Gold Star Mother Seeks Early Win In NJ Malpractice Case

    The mother of a deceased Army service member moved for a default this week in New Jersey federal court against a law firm she has accused of mishandling her case against the Army after she was the victim of a fraud.

  • October 27, 2025

    Willkie Taps Longtime Kirkland Atty To Lead Restructuring

    Willkie Farr & Gallagher LLP has added a restructuring attorney who was previously with Kirkland & Ellis LLP as a partner and as chair of its restructuring group, the firm announced Monday.

  • 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.

Expert Analysis

  • FDA Transparency Plans Raise Investor Disclosure Red Flags

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    The U.S. Food and Drug Administration’s recently announced intent to publish complete response letters for unapproved drugs and devices implicates certain investor disclosure requirements under securities laws, making it necessary for life sciences and biotech companies to adopt robust controls going forward, say attorneys at Arnold & Porter.

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • A Changing Playbook For Fighting Records Requests In Del.

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    The Delaware Supreme Court's recent decision in Wong v. Amazon, reversing the denial of an inspection demand brought by a stockholder, serves as a stark warning to corporations challenging books and records requests, making clear that companies cannot defeat such demands solely by attacking the scope of their stated purpose, say attorneys at Duane Morris.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • 'Solicit' Ruling Offers Proxy Advisers Compliance Relief

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    The D.C. Circuit recently found that proxy voting advice does not fall under the legal definition of "solicitation," significantly narrowing the U.S. Securities and Exchange Commission's regulatory power over such advisers, offering stability to the proxy advisory industry and providing temporary relief from new compliance burdens, say attorneys at Sheppard Mullin.

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • State Crypto Regs Diverge As Federal Framework Dawns

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    Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • The Crucial Question Left Unanswered In EpicentRx Decision

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    The California Supreme Court recently issued its long-awaited decision in EpicentRx Inc. v. Superior Court, resolving a dispute regarding the enforceability of forum selection clauses, but the question remains whether private companies can trust that courts will continue to consistently enforce forum selection clauses in corporate charters, says John Yow at Yow PC.

  • MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't

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    As U.S. v. Peraire-Bueno, involving cryptocurrency fraud charges against brothers who graduated from the Massachusetts Institute of Technology, moves forward after surviving a motion to dismiss, the case provides an early example of how the government might use the federal fraud statutes to regulate decentralized networks, say attorneys at ArentFox Schiff.

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