Securities

  • October 15, 2026

    Atty Drops Securities Suit After Failed Class Counsel Bid

    An attorney accusing a group of financial services companies of running a scheme driven by high commissions and undisclosed conflicts of interest has voluntarily dropped his suit, just two months after a New Jersey federal judge barred him from serving as class counsel in his proposed class action.

  • October 14, 2026

    10th Circ. Backs Asset Freeze In SEC Case Against Biotech

    The Tenth Circuit on Wednesday backed a lower court's order freezing a biotech firm's assets in a suit brought by the U.S. Securities and Exchange Commission accusing the company and its founders of misappropriating roughly $9 million.

  • October 14, 2026

    TD Bank Must Face Bulk Of Investors' AML Penalties Suit

    A New York federal judge has ruled TD Bank and some of its executives must face the majority of claims in an investor action related to a $3 billion settlement the bank signed with U.S. authorities over anti-money laundering compliance failures, saying they made some statements that may have downplayed the severity of the issues the bank faced.

  • October 14, 2026

    Conn. Committee Backs Monitored Return For Convicted Atty

    A former Connecticut attorney who pled guilty to moving money during a client's $3 million securities scheme can be readmitted to the bar subject to monitoring, insurance and mentorship conditions, a local ethics committee has recommended, though a three-judge panel will now decide whether to accept or reject that guidance.

  • October 14, 2026

    SEC Approves Trading On Apple, Tesla Performance Metrics

    The U.S. Securities and Exchange Commission has given CBOE the green light to allow binary options trading on its exchange, giving investors the opportunity to place yes-or-no bets on the financial performance of Apple, Tesla and nearly two dozen other publicly-traded companies.

  • October 14, 2026

    Venture Global Beats Investor Action Over IPO Disclosures

    Energy company Venture Global Inc. has permanently defeated a proposed class action accusing it of hiding production issues and cost overruns at its Louisiana natural gas liquefaction and export projects ahead of its $1.75 billion initial public offering, with a New York federal judge finding the suit failed to plead any material misleading statements.

  • October 14, 2026

    Brooklyn DA Busts Crypto Scam Targeting Russian Speakers

    The Brooklyn District Attorney's Office said Wednesday it has taken down hundreds of servers and domains used to defraud Russian speakers in the U.S., dealing a significant blow to the international cryptocurrency scam operation.

  • October 14, 2026

    Ex-BigLaw Atty Wants Firm Docs For Insider Trading Defense

    A former BigLaw associate accused of insider trading is seeking records from ex-employers Sidley Austin LLP, Latham & Watkins LLP and Goodwin Procter LLP to help fight charges that he tipped others about nonpublic deals the firms were working on.

  • October 14, 2026

    Jenzabar Investors Ask Del. Justices To Revive $55M Suit

    Jenzabar Inc. and former members of New Media Investors II LLC, an investment vehicle formed to hold Jenzabar securities, clashed before the Delaware Supreme Court on Wednesday over whether the investors can revive their suit seeking roughly $55.25 million tied to the higher education software company's stock warrants, even though the investment vehicle was canceled in 2017.

  • October 14, 2026

    EV Charging Co. To Pay Investors $4M In Liquidity Woes Suit

    Bankrupt electric-vehicle charging infrastructure company Charge Enterprises Inc. has agreed to pay $4 million to resolve an investor's proposed class action alleging the company and its executives concealed a liquidity crisis involving the founder and his investment advisory firm before the company's downfall.

  • October 14, 2026

    Manhattan DA Unveils Corporate Crime & Antitrust Task Force

    Manhattan District Attorney Alvin Bragg on Wednesday announced the formation of a new task force that will focus on prosecuting corporate crime and antitrust violations, as part of a push to deter industrywide misconduct and promote systemic accountability for entities that encourage and enable financial crimes.

  • October 14, 2026

    4th Circ. Pauses Comcast DOL Appeal For High Court Case

    The Fourth Circuit put Comcast Corp.'s challenge to the U.S. Department of Labor's authority to hear a whistleblower retaliation case on hold pending a U.S. Supreme Court ruling on the agency's power to adjudicate employment disputes.

  • October 13, 2026

    Dodgers Owner's Insurers Hid Affiliate Loans, Suits Say

    Los Angeles Dodgers owner Mark Walter and insurers owned by his holding company, Guggenheim Partners, have been hit with multiple proposed class actions alleging they sold annuities based on misrepresentations, with policyholders' premiums being siphoned into loans and financing that benefited Walter-affiliated companies.

  • October 13, 2026

    CFTC Outlines Creative Path To Crypto Oversight

    The U.S. Commodity Futures Trading Commission is employing a creative use of a Dodd-Frank Act provision to fashion itself a form of authority over crypto spot markets after the Clarity Act failed to move forward, an effort that experts say will draw industry applause and state scrutiny.

  • October 13, 2026

    2nd Circ. Says Voyager's Bank Didn't Know About Fraud

    The Second Circuit has declined to revive a 53-count suit alleging Voyager Digital's former bank, Metropolitan Commercial Bank, was complicit in the now-defunct crypto lender's fraud, agreeing with the lower court that the suit failed to allege the bank knew about Voyager's fraud or aided in it.

  • October 13, 2026

    Investors Claim Private Equity Fund Won't Redeem Cash

    A South Carolina private equity fund broke its promise to three investors to redeem $2 million of their investment in cash and instead plans to put the funds into shares of a highly speculative real estate venture, according to a suit filed in Florida federal court.

  • October 13, 2026

    Kalshi Seeks Full 6th Circ. Review Of Sports Contract Ruling

    Kalshi is asking the entire bench of Sixth Circuit judges to take another look at a September ruling that declined to shield its sports event contracts from Ohio and Tennessee gambling regulators, arguing recent rule proposals from the U.S. Commodity Futures Trading Commission "substantially undermine" the appeals court's decision.

  • October 13, 2026

    Driven Brands Says Investors' Fraud Suit Is Hindsight-Based

    Auto services holding company Driven Brands and its executives have asked a North Carolina federal court to dismiss a proposed class action from shareholders accusing the company of misleading the public about its internal controls over financial reporting, arguing certain financial results were not known to be inaccurate when they were initially reported.

  • October 13, 2026

    Del. High Court Upholds Forum Limit In Amazon Records Case

    The Delaware Supreme Court on Tuesday upheld a lower court's decision that both curtailed the type of records an Amazon shareholder can seek as it investigates alleged anticompetitive behavior at the company, and restricted where the investor can sue. 

  • October 13, 2026

    Spirit Execs Seek To End Investor Suit Over 2nd Bankruptcy

    Two former Spirit Airlines executives have urged a Florida federal judge to permanently dismiss a proposed class action accusing them of misleading stockholders about the struggling airline's finances before it launched its second bankruptcy in August 2025, arguing the shareholders have rehashed the allegations of an earlier, now-dismissed complaint.

  • October 13, 2026

    2nd Circ. Seems Doubtful Of RTX Corp. Investors' Appeal

    A Second Circuit panel Tuesday seemed leery of RTX Corp. investors' bid to revive allegations that the aerospace manufacturer violated securities laws by concealing an aircraft engine defect, with several judges pointing out how the complaint seemed to lack allegations that executives knew different disclosures were necessary.

  • October 13, 2026

    5th Circ. Backs Ginnie Mae On Reverse Mortgage Liens

    A unanimous Fifth Circuit panel affirmed a lower court's ruling in favor of Ginnie Mae in a suit Texas Capital Bank brought over the extinguishment of its lien on reverse mortgage assets, saying there is a "sound statutory basis to conclude" that Ginnie Mae has authority over the entire mortgage once an issuer defaults.

  • October 13, 2026

    Bay Point Sues Del. Fund For Books And Records

    Bay Point Capital Partners II LP has sued a Delaware investment fund and its general partner in the Delaware Chancery Court, seeking access to financial records and other documents after Bay Point acquired a limited partnership interest through a foreclosure earlier this year.

  • October 13, 2026

    SEC Says Investment Co. Execs Faked Pre-IPO Scarcity

    The U.S. Securities and Exchange Commission has accused two executives of a now-bankrupt investment company of deceiving investors about the value and availability of shares of privately held companies ahead of their initial public offerings and evading registration requirements.

  • October 13, 2026

    Mayer Brown Adds Former CFTC Senior Counsel In NY

    Mayer Brown LLP has grown its capital markets offerings in New York with the addition of a former senior special counsel at the U.S. Commodity Futures Trading Commission.

Expert Analysis

  • Rethinking Risk And Value In Private Credit Disputes

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    Private credit disputes will increasingly turn on whether lenders recognized enterprise-value risk and updated marks as borrower conditions changed, making valuation processes, trigger frameworks and portfolio oversight critical for investors and litigants, say Isil Erel at the Ohio State University and Farooq Javed at The Brattle Group.

  • How To Limit Trading Risk When AI Accesses Nonpublic Info

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    Financial firms' increasing adoption of artificial intelligence raises questions about how to control AI tools' access to nonpublic information to mitigate the risk of a trading, surveillance or enforcement problem, but designing policies to prevent misuse may help, say attorneys at Skadden.

  • 4th Circ. Boeing Class Cert. Ruling May Have Limited Reach

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    While the Fourth Circuit's recent decision to reverse class certification against Boeing appears to potentially create a circuit split or heighten the standards for achieving class certification, that conclusion overlooks the decision's very specific circumstances, and its impact will likely be limited outside the circuit, say attorneys at Bleichmar Fonti.

  • Justices' FTC Ruling Weakens Qui Tam's Constitutional Base

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    The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional foundations of the False Claims Act’s qui tam mechanism, says Daniel Passeser at Wiggin.

  • 5 Financial Statement Fraud Red Flags To Spot Post-Sripetch

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    The U.S. Supreme Court recently held in Sripetch v. U.S. Securities and Exchange Commission that disgorgement exists to strip a wrongdoer of unjust enrichment, not merely to compensate victims for what they lost, shifting the work at the center of securities fraud cases in five ways, says Rand Manasse at Green Lane Partners.

  • Series

    Being A Sommelier Makes Me A Better Lawyer

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    Being a sommelier has quietly shaped how I practice law by changing the way I think, communicate and connect with people, and offers a constant reminder that expertise is about making your knowledge useful and accessible to others, says Kara Du at Sheppard.

  • Inside SEC Crypto Vault Statement's Securities Law Warning

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    Although the U.S. Securities and Exchange Commission's posture toward crypto products and activities has been more favorable under the current administration, Commissioner Hester Peirce's recent statement on crypto vaults highlights why that posture does not eliminate the need for careful securities law analysis, say attorneys at Skadden.

  • 3 Private Suits Test Influencer Ads As FTC Stays On Sidelines

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    Three lawsuits filed so far this year illustrate how influencer campaigns are facing growing scrutiny from private plaintiffs, despite the Federal Trade Commission not bringing an influencer marketing enforcement action since revising its endorsement guides to address the topic in 2023, but brands can take concrete steps to reduce the risks, says Gonzalo Mon at Kelley Drye.

  • 3 Upcoming Deadlines That EB-5 Investors Should Consider

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    Potential EB-5 regional center investors should weigh three approaching deadlines, the most immediate of which is Sept. 30, that may affect their filing strategy, required capital commitment and ability to participate even if Congress fails to reauthorize the program, says Michael Ashoori at Ashoori Law.

  • AI, Prediction Markets Lead Securities Developments In 2026

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    Securities class actions tied to artificial intelligence and the battle over prediction market regulation both raise novel questions that courts are only beginning to address and that will continue to resonate throughout the second half of the year, say attorneys at Skadden.

  • Community Bank Order Signals Fintech Partnership Scrutiny

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    The Office of the Comptroller of the Currency's recent consent order against Community Federal Savings Bank for deficiencies in its Bank Secrecy Act and anti-money laundering compliance programs offers clear and urgent lessons for community banks pursuing revenue growth through fintech partnerships and payments services, say attorneys at Bradley.

  • Where Is The Line On Actionable Comms In Securities Cases?

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    Recent securities cases demonstrate the difficulty in discerning a clear difference between statements made in connection with the purchase or sale of securities and those that aren't, with that line more likely attributable to individualized factual situations than to any doctrinal differences of opinion between various courts, says Samuel Groner at Fried Frank.

  • NJ Supreme Court Ruling Exposes D&O Gaps For PE Boards

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    The New Jersey Supreme Court's recent decision in Mist Pharmaceuticals v. Berkley Insurance, barring directors and officers coverage, serves as a cautionary tale for private equity executives serving in overlapping roles at sponsor and portfolio companies, say attorneys at Reed Smith.

  • China's New Outbound Investment Rule Reshapes Deal Risk

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    China's new outbound investment regulation introduces broad national security review and penalties, including personal liability, that will necessitate deeper diligence of cross-border deal participants with Chinese ties, earlier regulatory planning and closer attention to sanctions exposure, say attorneys at Freshfields.

  • Tips For Issuers Left In Lurch Without Genius Act Final Rules

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    The compliance runway envisioned by the Genius Act is steadily shrinking after regulators failed to finalize all the required implementing regulations by July 18, so stablecoin issuers should begin implementing "no-regrets" compliance measures and securing outside vendors before the law takes full effect in January, says David Zaslowsky at Baker McKenzie.

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