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Securities
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April 06, 2026
3rd Circ. Backs Kalshi In Prediction Markets Battle With NJ
A split Third Circuit panel on Monday backed a lower court's order blocking New Jersey from enforcing a sports gambling ban on trading platform KalshiEx, with the dissenting judge calling Kalshi's actions a "performative sleight" meant to hide that its products are sports gambling.
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April 06, 2026
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court's docket this past week featured a mix of high-profile corporate disputes, insider trading allegations, contract fights and significant rulings shaping fiduciary duty and deal litigation.
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April 03, 2026
Judge Sets Interest Rules In $540M BofA Payment Fight
A D.C. federal judge said Bank of America NA must pay interest on a $540 million debt it owes the Federal Deposit Insurance Corp. based on a government-set rate for the time before the ruling and a standard federal rate for the time after, marking a step toward settling the parties' dispute on the proper formulas for calculating the payments.
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April 03, 2026
Long Island Investment Adviser Cops To $160M Fraud
A Long Island, New York, man admitted Friday to defrauding clients out of $160 million by hiding conflicts of interest and falsely claiming their investments in various private equity funds were safe and low-risk.
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April 03, 2026
Crypto Coder Seeks To Revive DOJ Challenge At 5th Circ.
The cryptocurrency software developer who sued the government to protect his forthcoming project from any potential accusations of unlicensed money transmission is asking the Fifth Circuit to keep his lawsuit in play after a Texas federal judge tossed the challenge for failing to show a substantial threat of prosecution.
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April 03, 2026
Skadden Guides Franklin Templeton Crypto Co. Acquisition
Skadden Arps Slate Meagher & Flom LLP has steered Franklin Templeton's acquisition of a crypto investment management firm that will serve as the base of the finance giant's new crypto arm.
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April 03, 2026
SEC Moves To Set Up $40M Investor Fund In Cassava Case
The U.S. Securities and Exchange Commission asked a Texas federal court on Friday to establish a $40 million fund to potentially compensate investors harmed by a Texas biopharmaceutical company and two former executives' alleged misstatements about an Alzheimer's drug, following the company's 2024 settlement with the regulator.
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April 03, 2026
Ameriprise To Pay $1.4M Over Annuity Supervision Claims
Ameriprise Financial Services LLC has agreed to pay nearly $1 million in restitution and a $450,000 fine to end allegations from the Financial Industry Regulatory Authority that the Minneapolis-based firm failed to properly supervise recommendations of certain variable annuity exchanges.
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April 03, 2026
AE Industrial Accused Of Insider Trading On AI Co. Stock
Private equity firm AE Industrial Partners LP has been accused in Delaware Chancery Court of taking advantage of its insider status at artificial intelligence firm Bear.ai Holdings Inc., allegedly shedding $255 million in stock ahead of news that the company wasn't performing as well as projected.
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April 03, 2026
GPB Investors Get $67.7M, Eye 2 More Settlements
A New York federal judge on Thursday allowed the receiver of GPB Capital Holdings to enter into a $67.7 million settlement with investors over the private equity firm's collapse, one day after investors sought approval for separate deals with a Deloitte unit and Morrison Brown Argiz & Farra LLC over those companies' alleged work providing valuation services for GPB.
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April 03, 2026
Cross River Bank Beats Suit Over Alleged Solar Loan Scheme
New Jersey-based Cross River Bank has, for now, escaped a proposed class action from an investor in solar technology company Sunlight Financial who accused the bank of overlending to risky borrowers in Sunlight's solar loan program as its financial partner.
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April 03, 2026
Crypto Co. Hit With Investor Class Action Over Merger
A Florida-based bitcoin mining company and its leaders netted over $2 million from selling stocks at inflated prices, bolstering a "rosy picture" of an upcoming merger that led to sinking stock prices, according to a proposed investor class action alleging executives engaged in a "pump-and-dump" scheme.
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April 03, 2026
Judge Stands By Block Of DOJ Subpoenas In Powell Probe
A Washington, D.C., federal judge on Friday rejected a U.S. Department of Justice attempt to revive subpoenas from its investigation into Federal Reserve Chair Jerome Powell, saying the government hadn't "come close" to giving him a reason to rethink blocking them.
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April 03, 2026
DOJ's New Corporate Enforcement Policy May Eclipse SDNY's
The U.S. Department of Justice has put to use for the first time its new corporate enforcement policy of declining prosecutions when companies self-report potential criminal violations, but experts say the new, department-wide initiative has rendered a more business-friendly approach by the Southern District of New York moot.
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April 03, 2026
Cycurion Says Bogus PR Cost $10M In 'Short-Selling' Scheme
Publicly traded cybersecurity firm Cycurion Inc. accused a public relations company of participating in an anonymous trader's short-selling scheme that created a market frenzy that damaged the company by at least $10 million, according to a lawsuit filed in North Carolina state court.
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April 03, 2026
Law360 Announces The Members Of Its 2026 Editorial Boards
Law360 is pleased to announce the formation of its 2026 Editorial Advisory Boards.
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April 03, 2026
Sanctioned Ex-Broker Pushes To Keep IRS Records Suit Alive
The IRS should not be allowed to withhold records of its investigation into an ex-broker sanctioned by the Financial Industry Regulatory Authority for hiding $1.7 million in tax liens, he told a North Carolina federal court Friday, urging it to let his case against the tax agency proceed.
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April 03, 2026
CFTC Appoints Deputy GCs For Regulation, Litigation
The U.S. Commodity Futures Trading Commission announced Friday that it has hired a former U.S. Senate staffer and a lawyer with experience at the Virginia Attorney General's Office as deputy general counsel overseeing regulation and litigation at the agency.
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April 02, 2026
Ex-Centerview Banker Inks DPA To End Insider Trading Case
A former Centerview Partners investment banker on Thursday secured a deferred prosecution agreement with Manhattan federal prosecutors that will likely resolve her U.S. legal troubles stemming from her alleged role in a global insider trading ring that made tens of millions of dollars in illicit profits.
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April 02, 2026
PayPal Hid Checkout Woes Before 20% Stock Drop, Suit Says
Payments giant PayPal faces a proposed investor class action alleging the company concealed slowing growth for its critical branded checkout business, precipitating a trading price drop when the company disclosed a growth decline at the end of 2025.
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April 02, 2026
Ex-Rabobank Officer Pushes OCC Again For $4M In Fee Fight
Attorneys of a former Rabobank compliance officer told the Ninth Circuit that the Office of the Comptroller of the Currency should not be allowed to abandon a "ruinous" failed enforcement action without paying $4 million to cover the fees and expenses incurred during the litigation.
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April 02, 2026
Treasury Proposes State Stablecoin Rules Meet OCC Standard
The U.S. Department of the Treasury is seeking public feedback on a proposal that would counsel states to ensure their stablecoin regulatory regimes implement much of the Office of the Comptroller of the Currency's coming federal rules for issuers of the stable-value tokens.
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April 02, 2026
Suit Against Wash. Ponzi Operator Stayed Pending DOJ Probe
The former CEO of a real estate company accused of collecting $230 million by targeting Chinese investors will face an investigation by authorities before resolving a Washington federal lawsuit, which came after a bankruptcy judge called the venture a Ponzi scheme.
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April 02, 2026
CFTC Sues Ill., Conn., Ariz. Over Event Contract Enforcement
The U.S. Commodity Futures Trading Commission continued its bid to assert "exclusive jurisdiction" over prediction markets on Thursday with a trio of suits against Arizona, Connecticut and Illinois regulators over the states' attempts to shut down certain event contract trading as unregistered gambling.
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April 02, 2026
California Agency Wants SunPower Tax Issue Out Of Ch. 11
California's Department of Tax and Fee Administration has asked a Delaware bankruptcy judge to abstain from hearing a tax audit dispute in solar panel company SunPower's Chapter 11 case, saying the matter should be handled in a state administrative forum.
Expert Analysis
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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The Challenges Of Detecting Event Contract Manipulation
While concerns about possible manipulation and insider trading in event contracts have increasingly been raised by market observers, distinguishing a speculative position from a hedge and effective surveillance make regulation difficult, particularly as the U.S. Commodity Futures Trading Commission argues for exclusive jurisdiction to do so, say economic consultants at the Brattle Group.
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How Blockchain Could Streamline Real Estate Transactions
As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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4th Circ. D&O Ruling Shows Why Textual Policy Args Are Best
The Fourth Circuit's recent decision in favor of the insurer in Navigators Insurance v. Under Armour highlights how plain-text policy interpretation protects party autonomy and improves predictability to the benefit of both insurers and insureds, say attorneys at Zelle.
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Should Prediction Markets Allow Trading On Nonpublic Info?
Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Coinbase Ruling Outlines Litigation Committee Conflict Risks
The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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OCC Mortgage Escrow Rules Add Fuel To Preemption Debate
Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.
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When Tokenized Real-World Assets Collide With Real World
The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Opinion
Corporations Should Think Twice About Mandatory Arbitration
The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.