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Securities
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March 19, 2026
Feds' Capital Rule Overhaul Would Give Break To Banks
Federal regulators moved Thursday to launch a comprehensive overhaul of U.S. bank capital rules, rolling out a long-awaited package of proposed changes that are expected to shave billions off the aggregate amount of capital required for banks of all size ranges.
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March 18, 2026
Southwest Board Beats Suit In First Texas Corporate Law Test
A Texas federal judge on Tuesday dismissed a derivative suit claiming that Southwest Airlines Co.'s board of directors breached their fiduciary duties by abandoning the airline's famous "Bags Fly Free" policy, ending a significant challenge to the state's new corporate reform law.
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March 18, 2026
SelectQuote Looks To Escape Investors' Kickback Probe Suit
SelectQuote has asked a New York federal judge to dismiss a proposed class action accusing it of harming investors by concealing a kickback scheme, which is currently the subject of a suit by the U.S. Department of Justice, arguing the existence of the government's suit is not enough to show the shareholders were damaged.
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March 18, 2026
Capital One Beats Consumer Suit Over Discover Deal, Again
Capital One has persuaded a California federal judge once again to squash a suit brought by credit card users who say that the company's $35 billion purchase of Discover is bad news for them and ought to be unwound, but the court is giving the consumers one last chance.
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March 18, 2026
Lawmakers Commit To April Crypto Bill Markup, Or Else
Sen. Cynthia Lummis, R-Wyo., told attendees of a Wasington, D.C., crypto conference Wednesday that she's confident the Senate Banking Committee will mark up a bill to regulate crypto markets after the Easter break now that compromises on key issues including stablecoin yield are in the final stages.
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March 18, 2026
LA Driver Used $2M COVID Loan For Crypto, DOJ Says
A Los Angeles man who allegedly took $2 million from federal COVID-19-related relief programs and used the money to fund cryptocurrency trading now faces money laundering, wire fraud and bank fraud charges, according to a Department of Justice announcement issued Wednesday.
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March 18, 2026
FINRA Says Compliance Chief Took Part In Pre-IPO Fraud
The Financial Industry Regulatory Authority has alleged in a disciplinary proceeding that Spartan Capital Securities LLC, its CEO and chief compliance officer defrauded customers by liquidating their own pre-initial public offering shares of a pharmaceutical company more quickly and at a higher price than their customers.
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March 18, 2026
Kyndryl Hid Cash Management Malpractice, Investor Claims
Information technology services company Kyndryl Holdings Inc. and a current and former executive were hit with a proposed shareholder class action accusing them of misleading investors with representations that the company had sufficient control over its cash management practices.
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March 18, 2026
Bath & Body Works Suits Consolidated, But No Lead Attys Yet
An Ohio federal judge on Wednesday consolidated two shareholder derivative actions alleging Bath & Body Works Inc.'s current and former top brass downplayed certain growth strategy flops, but he stopped short of handing out lead counsel roles, finding it premature to do so.
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March 18, 2026
BofA Faces Suit Over Alleged $328M Crypto Ponzi Scheme
Bank of America NA is the latest financial institution to face claims it aided and abetted a $328 million Ponzi scheme allegedly operated by the now-criminally charged CEO of cryptocurrency investment firm Goliath Ventures.
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March 18, 2026
DOL Tweaks ERISA Regs After Fiduciary Rule Lawsuits End
The U.S. Department of Labor's employee benefits arm on Wednesday published technical amendments to its fiduciary investment advice regulations, to better reflect current policy following the conclusion of two lawsuits challenging a 2024 rule that would have expanded the definition of an investment advice fiduciary under federal benefits law.
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March 18, 2026
Abbott Investors Ink $40M Deal Over Infant Formula Crisis
Shareholders who brought a derivative suit over Abbott Laboratories' management of the 2022 infant formula crisis asked an Illinois judge on Tuesday to approve a settlement that includes $40 million in investments in food safety and corporate reforms, and $15.85 million in attorney fees.
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March 18, 2026
Investors Backed Off Accounting Suits In 2025, Report Says
The number of new lawsuits alleging that publicly traded companies committed accounting errors fell to a 20-year low last year, according to a report released by Cornerstone Research on Wednesday.
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March 18, 2026
Powell Says He Won't Make Fed Exit While Facing DOJ Probe
Federal Reserve Chair Jerome Powell said Wednesday that he will stay on as a board member of the central bank if he remains under U.S. Department of Justice investigation when his term as Fed chairman runs out this spring.
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March 18, 2026
Biotech Investor Blames Pierce Atwood For Messy Asset Sale
A Ukrainian billionaire who was recently ordered to pay other investors in a failed genetic testing company more than $1.8 million in damages is blaming the Pierce Atwood LLP lawyers who advised him on what a court later found to be a "fundamentally unfair" forced asset sale.
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March 18, 2026
Wall Street Giants Challenge Chip Co. Stock Scheme Claims
Morgan Stanley Smith Barney LLC and Interactive Brokers Group Inc. have asked a New York federal court to dismiss them from a stock manipulation suit filed by an investor in Israeli chipmaker Eltek Ltd., arguing the complaint's claims that they depressed the company's share prices are contradictory.
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March 18, 2026
CFTC Rescinds Request For Climate Risk Information
The U.S. Commodity Futures Trading Commission on Wednesday withdrew a request for information on climate-related financial risk published in 2022, on the grounds that President Donald Trump had revoked the executive order under which it was authorized.
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March 17, 2026
Were Musk's Tweets 'Deliberate' Or 'Stupid'? Jury To Decide
Elon Musk made "deliberate and carefully devised" statements to drive down Twitter's stock price after offering $44 billion for the company, Twitter investors' counsel told a California federal jury during closing arguments Tuesday, while Musk's lawyer insisted that there's no evidence of securities fraud and that it's not a crime to "tweet stupid things."
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March 17, 2026
SEC Draws Lines With Crypto 'Token Taxonomy' Guidance
The U.S. Securities and Exchange Commission shared its anticipated "token taxonomy" on Tuesday, issuing interpretive guidance that detailed which types of cryptocurrency assets appear to be beyond the reach of securities laws and the circumstances that could pull them back into the regulator's oversight as part of an investment contract.
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March 17, 2026
NeoGenomics Beats Investor Suit Over Growth Driver Claims
Cancer diagnostics company NeoGenomics Inc. no longer faces a proposed investor class action alleging it mischaracterized its growth drivers, including by failing to disclose that a rainmaking unit potentially ran afoul of anti-kickback laws, after a Manhattan federal judge held the suit failed to show the company had intentionally misled the markets.
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March 17, 2026
SEC Won't Reconsider Upholding Ex-Broker's FINRA Fines
The U.S. Securities and Exchange Commission won't revisit its earlier holding partially sustaining certain Financial Industry Regulatory Authority findings and sanctions against a former stockbroker who's challenged the constitutionality of the self-regulatory organization, stating that the stockbroker's reconsideration bid hadn't asserted the regulator erred in its earlier decision.
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March 17, 2026
SIFMA, Other Orgs Weigh In On SEC's 'Small Entity' Proposal
The Securities Industry and Financial Markets Association is urging the U.S. Securities and Exchange Commission to increase its oversight of investment advisers should it move forward with a plan to categorize more mutual funds and advisers as small entities, saying the current playing field disadvantages broker-dealers.
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March 17, 2026
Gartner Investor Says Co. Made Misleading Growth Claims
Insights company Gartner Inc. was hit with a proposed class action on Tuesday accusing it of failing to disclose that tariff headwinds and other macroeconomic factors would prevent it from growing its contract value.
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March 17, 2026
OFAC Fines Broker $1.1M Over Apparent Sanctions Violations
The U.S. Department of the Treasury's Office of Foreign Assets Control on Tuesday announced that Florida brokerage TradeStation Securities Inc. has agreed to pay more than $1.1 million to settle potential civil liability for violating the regulator's sanctions programs for Iran, Syria and Crimea.
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March 17, 2026
BlackRock Must Face Ex-VP's Whistleblower Retaliation Suit
BlackRock Inc. must face a suit in New York state court by a former vice president who alleges he faced retaliation and wrongful termination after raising concerns about self-dealing, corruption and conflicts of interest, with a state judge partially rejecting the asset manager's bid to dismiss the case.
Expert Analysis
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Series
Judges On AI: How Courts Can Boost Access To Justice
Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.
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Examining Privilege In Dual-Purpose Workplace Investigations
The Sixth Circuit's recent holding in FirstEnergy's bribery probe ruling that attorney-client privilege applied to a dual-purpose workplace investigation because its primary purpose was obtaining legal advice highlights the uncertainty companies face as federal circuit courts remain split on the appropriate test, say attorneys at Proskauer.
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Hot Topics For Family Offices In 2026
For family offices, the throughline of 2026 is disciplined readiness, as navigating impact from the One Big Beautiful Bill Act and platform maturation will be necessary to preserve flexibility and enhance client outcomes, say attorneys at Morgan Lewis.
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Opinion
The Case For Emulating, Not Dividing, The Ninth Circuit
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.
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Banking M&A Outlook Reflects Favorable Regulatory Climate
The banking mergers and acquisitions environment is starting 2026 with a rare alignment of favorable market conditions and a more permissive regulatory atmosphere, creating a clear window for banks to pursue transformative combinations and shape the competitive landscape, say attorneys at Reed Smith.
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ERISA Litigation Trends To Watch With 2025 In The Rearview
There were significant developments in Employee Retirement Income Security Act litigation in 2025, including plaintiffs pushing the bounds of sponsor and fiduciary liability and defendants scoring district court wins, and although the types of claims might change, ERISA litigation will likely be just as active in 2026, say attorneys at Groom Law.
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2025's Defining AI Securities Litigation
Three securities litigation decisions from 2025 — involving General Motors, GitLab and Tesla — offer a preview of how courts will assess artificial intelligence-related disclosures, as themes such as heightened regulatory scrutiny and risk surrounding technical claims are already taking shape for the coming year, say attorneys at Cooley.
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Series
Mass. Banking Brief: All The Notable Legal Updates In Q4
Among the most significant developments on the banking regulation front in Massachusetts last quarter, Attorney General Andrea Joy Campbell announced her bid for reelection, and the state Division of Banks continued its fintech focus by finalizing rules implementing a new money transmitter law, say attorneys at Nutter.
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Series
Muay Thai Makes Me A Better Lawyer
Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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How Shareholder Activism Fared In 2025
2025 was a turbulent yet transformative year in shareholder activism, and there are several key takeaways to help companies prepare for a 2026 that is shaping up to be even more lively, including increased focus on retail investors and the use of social media as a tool, say attorneys at Sidley.
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Justices' Separation-Of-Powers Revamp May Hit States Next
The U.S. Supreme Court's 2024 decision in U.S. Securities and Exchange Commission v. Jarkesy quietly laid the groundwork for an expansion of the court's separation-of-powers agenda beyond the federal level, but regulated parties and state and local governments alike can act now to anticipate Jarkesy's eventual wider application, say attorneys at Troutman.
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Preparing For Congressional Investigations In A Midterm Year
2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.
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Key Trends Shaping ESG And Sustainability Law In 2026
2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.
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How Bank M&A Prospects Brightened In 2025
Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.