Securities

  • May 08, 2026

    Transpo Tracker: Boeing 737 Max, John Deere Deal

    In our latest Law360 Transportation Tracker, Boeing is still contending with litigation associated with the 737 Max 8 jets, while a proposed $99 million class settlement could end farmers' right-to-repair claims against agricultural equipment maker John Deere and an appeals court decertified a class of 90,000 State Farm policyholders accusing the insurer of systematically undervaluing totaled vehicles.

  • May 08, 2026

    3rd Circ. Rejects NJ Man's Bid To Revisit $40M Tax Conviction

    The Third Circuit has declined to reconsider upholding the conviction of a man who raked in $40 million from filing false tax returns.

  • May 08, 2026

    Catalent Agrees To Pay $78M To Settle Securities Suit

    Catalent Inc. agreed on Thursday to pay $78 million to settle a securities class action from a group of investors who alleged the vaccine manufacturer engaged in accounting and channel stuffing schemes and cut corners on safety to pad its revenues.

  • May 08, 2026

    Goliath Investors Add Companies To Alston & Bird Scam Suit

    Months after suing Alston & Bird LLP for its alleged role in a $328 million cryptocurrency scam at Goliath Ventures Inc., a proposed class of investors added a number of financial institution defendants and claims to their original complaint.

  • May 08, 2026

    Eversheds Sutherland Hires Ex-SEC Counsel In DC

    Eversheds Sutherland has hired a 16-year veteran of the U.S. Securities and Exchange Commission as a counsel in its U.S. capital markets and investments practice group.

  • May 08, 2026

    DOL Benefits Chief Warns Of 'Bad Faith' Focus On ESG, DEI

    The top official for the U.S. Department of Labor's employee benefits subagency said at a trade association conference Friday that agency investigations will focus on benefit plan managers' loyalty conflicts, including disloyal pursuits of socially conscious investing or diversity goals.

  • May 07, 2026

    SEC Fines Ex-BigLaw Atty For Insider Trades On Apollo Deal

    A former Buchalter PC shareholder has agreed to pay $71,625 to settle the U.S. Securities and Exchange Commission's allegations he purchased stock ahead of Apollo Global Management's $1.5 billion acquisition of Bridge Investment, which the commission said he was representing in an unrelated matter at the time.

  • May 07, 2026

    Estée Lauder Investors Reach $210M Deal Over Share Inflation

    Estée Lauder investors on Thursday asked a New York federal judge to greenlight a $210 million settlement resolving their proposed class claims that the cosmetics company and its top brass announced unrealistic expectations for growth amid the ongoing effect of the COVID-19 pandemic on its business.

  • May 07, 2026

    Rakoff Expands On Coinbase Securities Suit Dismissal Ruling

    U.S. District Judge Jed Rakoff on Thursday explained his ruling last month dismissing securities fraud claims against cryptocurrency exchange Coinbase, brought by investors in a digital asset associated with the now-failed Terraform blockchain ecosystem, stating in a new opinion that the suit fails to plead falsity, among other things.

  • May 07, 2026

    Ex-Beneficient CEO Convicted In $150M Shell Co. Fraud

    The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot more than $150 million from now-defunct GWG Holdings, a publicly traded company for which he served as chairman.

  • May 07, 2026

    Monolithic Must Face Most Nvidia-Linked Investor Claims

    A Washington federal judge has largely denied Monolithic Power Systems Inc.'s bid to dismiss an investor suit accusing it of hiding critical defects in power modules used by its largest customer, Nvidia Corp., rejecting the company's argument that the suit's claims amount to "fraud-by-hindsight."

  • May 07, 2026

    Crypto Bill Could Get Senate Banking Markup Next Week

    A bill to regulate crypto markets known as the Clarity Act could be marked up by the Senate Banking Committee as soon as next week, but lawmakers are still finalizing key provisions that could make or break the voting process, policymakers told attendees of the crypto conference Consensus.

  • May 07, 2026

    9th Circ. Backs Lead Choice In Super Micro Investor Fraud Suit

    A Ninth Circuit panel has refused to undo a California federal court order rejecting Crain Walnut Shelling's bid to lead a securities class action against Super Micro Computers Inc., concluding Thursday the lower court properly determined other investors had shown the nut processor wasn't fit to spearhead the case.

  • May 07, 2026

    'If It Quacks': Judge Hints Kalshi's Biz Is Sports Gambling

    Fourth Circuit judges appeared dubious Thursday as counsel for Kalshi explained why its "sports event contracts" can only be regulated by the U.S. Commodity Futures Trading Commission rather than state gambling laws, with one judge remarking, "If it quacks, you know, it's a duck. Right? It's gambling isn't it?"

  • May 07, 2026

    4th Circ. Questions Class Cert. Ruling In Boeing Investor Case

    The Fourth Circuit indicated on Thursday it may send an investor lawsuit against Boeing back to a lower court for a second look at class certification, with one judge saying the district court "told us nothing" about what liability theory was being relied on to certify the class.

  • May 07, 2026

    Warren Asks Meta About Reported Stablecoin Payment Plans

    The top Democrat on the Senate Banking Committee has called on Meta CEO Mark Zuckerberg to provide more information about the company's reported plans to introduce stablecoin-based payment features for its users, accusing it of a "deeply troubling" lack of transparency about the project.

  • May 07, 2026

    Pentagon Defends Anthropic Security Risk Label At DC Circ.

    The U.S. Department of Defense told the D.C. Circuit on Wednesday that Defense Secretary Pete Hegseth acted well within his statutory discretion when he labeled Anthropic PBC a supply-chain risk to U.S. national security, rejecting Anthropic's claims of retaliation.

  • May 07, 2026

    PDVSA Says Repaying $95M Debt Is Impossible

    Venezuela's state-owned oil company has insisted it has no way to repay some $95 million in debt to bondholders due to banks being unwilling to work with it given the pariah status of the Venezuelan government.

  • May 07, 2026

    Chip Co. Must Face Suit Over Apple Biz Loss, Judge Says

    Semiconductor manufacturer Skyworks must face a proposed shareholder class action accusing it of downplaying the financial impact of its diminished business relationship with Apple, with the court finding the investors plausibly show the company concealed relevant information before revealing last year it would pull back its revenue expectations.

  • May 07, 2026

    Liberty Left Client Info Vulnerable To Hackers, Suit Alleges

    Liberty Mutual Insurance Co. faces a proposed consumer class action alleging it failed to effectively safeguard private information for current and former clients after hackers claimed they stole information and sought a ransom payment.

  • May 07, 2026

    Sanctions Sought For Trader Accused Of Using Frozen Funds

    The receiver overseeing The Traders Domain, a brokerage accused by the Commodity Futures Trading Commission of orchestrating a $283 million scheme, pushed Thursday for sanctions against a commodities trader accused of funding a lavish lifestyle with $3.4 million from an entity that is supposed to be part of the receivership.

  • May 07, 2026

    Conn. Investment Firm Settles $70M Client Poach Suit

    Connecticut investment firm TJT Capital Group LLC and its one-time chief compliance officer have settled a lawsuit accusing the former executive of taking 125 clients with $70 million in assets under management when he left for a new job, federal court records show.

  • May 07, 2026

    Pharma Cos. Hit With $2M Judgment Over CBD Investor Fraud

    A California federal judge has issued final judgments against a pharmaceutical company, its CEO and an affiliate on claims from the U.S. Securities and Exchange Commission that they defrauded investors of $6.6 million, hitting them with more than $2 million in damages and civil penalties.

  • May 07, 2026

    Why Compliance Is Getting Complicated In Latin America

    White collar compliance is getting trickier for companies that do business in Latin America, according to experts, who say they are seeing big shifts in the region connected to cartel crackdowns and efforts to strengthen corporate regulations, including relatively recent pushes for voluntary self-disclosure.

  • May 07, 2026

    Calif. Man Gets 2½ Years For Swindling $2M From Ill. Investor

    A California man has been sentenced to 2.5 years in prison for bilking $2 million from an Illinois investor through a fraudulent scheme in which he promised a substantial return but instead spent the money on personal expenses, including luxury vintage automobiles.

Expert Analysis

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • AG Watch: Ohio Targets DEI Policies

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    As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.

  • Tax Court Ruling Signals Cross-Border Loan Scrutiny

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    The U.S. Tax Court’s recent decision in Aventis v. Commissioner compounds ongoing regulatory focus on debt originations and should prompt practitioners to assess their existing cross-border lending structures for potential exposure to U.S. federal income tax, say attorneys at Eversheds.

  • Del. Coinbase Outcome May Have Been Different In Texas

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    The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.

  • Why The NCUA's Stablecoin Moment Matters

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    The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • Share Repurchases Leave Cos. Susceptible To Litigation

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    Because share repurchases bring greater ownership, which typically brings greater voting power, they can have serious implications for corporate control, which can raise questions about the unpaid benefits to some shareholders and lead to securities class actions, says Amit Bubna at Bates White.

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