Securities

  • March 13, 2026

    C3.ai Investor Suit Over IPO Claims Gets Final Trim

    Investors in artificial intelligence company C3.ai were told by a California federal judge that they can proceed with a slimmed-down version of their suit accusing the company and its executives of touting a worthless partnership with oil company Baker Hughes, but that they have no more chances to update it.

  • March 13, 2026

    4th Circ. Genworth Ruling Raises Bar For ERISA Class Actions

    A recent Fourth Circuit decision in a suit challenging Genworth Financial Inc.'s inclusion of target-date fund investments as employee retirement plan options will make it tougher to certify similar class actions and could have a ripple effect in a broader range of cases, experts told Law360.

  • March 13, 2026

    ROSS Says Anthropic Case Supports 3rd Circ. IP Appeal

    An artificial-intelligence-based legal search engine appealing a finding that its use of Thomson Reuters' Westlaw headnotes did not constitute fair use has pointed to arguments in a separate case it says supports the idea that AI training is connected to national security.

  • March 13, 2026

    Judge Says Kalshi Can't Halt Nev. Betting Suit For Venue Fight

    Kalshi must continue fighting Nevada's gaming enforcement action in state court as it pursues an appeal to litigate in federal court, a Nevada federal judge ruled, saying "litigating in state court is not a harm, let alone an irreparable harm."

  • March 13, 2026

    SEC Drops Fraud Case Against Crypto Co. BitClout Founder

    The U.S. Securities and Exchange Commission has said it is walking away from its case against the founder of cryptocurrency project BitClout that accused the founder of lying to investors about a $257 million unregistered securities sale and spending millions of proceeds for his own benefit.

  • March 13, 2026

    Cohen & Buckmann Hires Holland & Knight Benefits Partner

    Cohen & Buckmann PC has hired a longtime Holland & Knight LLP partner who will oversee the firm's mergers and acquisitions benefits support work and continue her executive compensation practice.

  • March 13, 2026

    DC Judge Blocks Subpoenas Targeting Fed's Powell

    A Washington, D.C., federal judge has blocked a pair of subpoenas tied to the U.S. Department of Justice's criminal investigation into Federal Reserve Chair Jerome Powell, finding they were improperly issued with the aim of harassing the central bank chief in a ruling that is reverberating on Capitol Hill.

  • March 13, 2026

    Hong Kong Seeks Easier Listing Rules To Spur IPOs

    The Hong Kong Stock Exchange on Friday proposed an array of new initial public offering rules in order to attract more listings, including lowering thresholds for companies that have a dual-class structure.

  • March 12, 2026

    Musk Banker Tells Jury Twitter Held Up Takeover Deal

    An ex-Morgan Stanley banker who advised Elon Musk on his $44 billion Twitter acquisition testified Thursday in a trial seeking billions for investors claiming Musk tanked the social media company's stock to disrupt the takeover, saying Twitter was the one that obstructed the deal.

  • March 12, 2026

    Celsius Accuses Fireblocks Of 'Staggering' Crypto Negligence

    The Chapter 11 plan administrator for defunct cryptocurrency platform Celsius Network urged a New York bankruptcy judge Wednesday to order Fireblocks to respond to discovery demands over the cybersecurity company's alleged "staggering negligence" that led to the destruction of cryptographic keys and the loss of Ethereum tokens worth tens of millions of dollars.

  • March 12, 2026

    FDIC Owns SVB Insurance Claims, Court Told

    The Federal Deposit Insurance Corp., as receiver for Silicon Valley Bank after its historic collapse in early 2023, is entitled to recover on what could be tens of millions of dollars in financial institution bond proceeds, the FDIC's counsel told a North Carolina federal court Thursday.

  • March 12, 2026

    Orthopedics Co. Investors See Merger Claims Trimmed

    Orthofix Medical Inc. must face claims that it failed to tell investors that a company it was merging with recently settled class action discrimination allegations, but will not have to face some securities fraud allegations, a Texas federal judge has ruled.

  • March 12, 2026

    Fed's Bowman Previews Plan To Rewrite Bank Capital Rules

    Federal Reserve Vice Chair for Supervision Michelle Bowman said Thursday that federal regulators will move next week to propose a sweeping overhaul of U.S. bank capital rules, previewing changes that are expected to result in a "modest" net easing for larger banks.

  • March 12, 2026

    Lawmakers Seek Clarity On Trump's Stock Buyback Order

    Four Democratic lawmakers have called on President Donald Trump and U.S. Department of Defense Secretary Pete Hegseth to provide clarity on how they plan to enforce a recent executive order barring defense contractors from buying back their stock or paying shareholder dividends if they are underperforming on their contracts. 

  • March 12, 2026

    DOJ Wants Morgan Stanley, DOL Opinion Dispute Tossed

    The U.S. government has moved to dismiss a suit from former Morgan Stanley financial advisers challenging a U.S. Department of Labor advisory opinion that said the bank's deferred compensation plans likely aren't covered by federal benefits law, with the advisers responding by saying the agency's finding is hurting them because the bank is using it in arbitration proceedings.

  • March 12, 2026

    Insurer Asks NC Justices To Free It From Captive Carrier Row

    A Georgia insurance company told North Carolina's highest court that the state's Business Court doesn't have jurisdiction over it in a shareholder dispute over the demise of a defunct captive insurer, arguing it had nothing to do with the supposed bad acts of its individual members.

  • March 12, 2026

    NJ AG Fines Firm $375K For Lax Fraud Prevention Procedures

    Broker-dealer Network 1 Financial Securities Inc. will pay nearly $400,000 to settle claims from the New Jersey attorney general that its procedures related to anti-money laundering, customer identity verification and market abuse prevention were ineffectively established and performed.

  • March 12, 2026

    UBS Whistleblower Suit Ends In Settlement After Retrial Order

    A New York federal judge on Thursday dismissed a fired UBS worker's whistleblower retaliation lawsuit after the parties reached a settlement in principle earlier this week, ending a long-running case that was revived by the U.S. Supreme Court and saw the judge order a retrial last month.

  • March 12, 2026

    Feds Rip 'Incoherent' SBF Claim Of Political Weaponization

    Federal prosecutors fired back at convicted FTX founder Sam Bankman-Fried's pro se bid for a new trial as a "transparent attempt" to further allegedly false narratives that his collapsed crypto exchange was solvent, and he was a victim of political retribution.

  • March 12, 2026

    UiPath Execs Hid Risks, Ditched $394M+ In Stock, Suit Alleges

    A UiPath Inc. shareholder has filed a derivative lawsuit in Delaware Chancery Court accusing the company's top executives and directors of misleading investors about slowing growth and intensifying competition in the robotic process automation market while insiders sold hundreds of millions of dollars' worth of stock.

  • March 12, 2026

    Democrats Vow To Oversee DOJ's Reported Binance Inquiry

    Three Democratic U.S. senators said Thursday that they will oversee a reported investigation by the U.S. Department of Justice into potential Iran sanctions violations carried out on the cryptocurrency exchange Binance.

  • March 12, 2026

    Cogent CEO's Stock Pledges Spark Derivative Suit

    The CEO and board members of internet service provider Cogent Communications Holdings Inc. face shareholder derivative claims the CEO improperly collateralized his commercial real estate portfolio with his stake in the company, causing trading prices to plummet when he was forced to sell off those shares amid financial distress.

  • March 12, 2026

    Epilepsy Drugmaker's Statements Insulated From Stock Suit

    A Pennsylvania federal judge has trimmed a shareholder class action against Marinus Pharmaceuticals alleging it misled investors about the probability of success of an epilepsy drug, ruling that certain statements made by company leadership were immunized by the Private Securities Litigation Reform Act.

  • March 12, 2026

    Investors Sue Florida Trading 'Savant' Over Ponzi-Style Fraud

    Investors sued a self-styled foreign exchange trading "savant" claiming he solicited millions from friends and relatives that were meant to be pooled into legitimate investments but were instead funneled into a Ponzi scheme.

  • March 12, 2026

    PayPal Execs Hit With Derivative Suit Over 2027 Forecast

    PayPal executives and directors were hit with a shareholder's derivative suit accusing them of damaging the company with comments about the strong growth trajectory for its branded checkout segment that the investor said turned out to be untrue.

Expert Analysis

  • 4 Ways GCs Can Manage Growing Service Of Process Volume

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    As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q4

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    In the fourth quarter of last year, New York state enacted several developments that affect financial services regulation and business, cementing upcoming compliance obligations including cybersecurity best practices and retail stores' cash management, says Chris Bonner at Barclay Damon.

  • SDNY Atty Signals Return To Private Fund Valuation Scrutiny

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    Recent remarks by the U.S. Attorney for the Southern District of New York — hinting that regulators are renewing their focus on private fund advisers who overvalue portfolio assets to drive up investor fees — should prompt firms to review their valuation methodologies and address potential conflicts of interest now, say attorneys at Debevoise.

  • IP Appellate Decisions Show 4 Shifts In 2025

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    In 2025, intellectual property decisions issued by the Ninth, D.C., and Federal Circuits trended toward tightening doctrinal boundaries, whether to account for technological developments in existing legal regimes, or to refine areas with some ambiguity, says Nate Sabri at Perkins Coie.

  • Series

    The Law Firm Merger Diaries: Forming Measurable Ties

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    Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.

  • Del. Dispatch: What Tesla Decision Means For Exec Comp

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    The recent Delaware Supreme Court decision granting Tesla CEO Elon Musk his full pay, now valued at $139 billion, following a yearslong battle appears to reject the view that supersized compensation may be inherently unfair to a corporation and its shareholders, say attorneys at Fried Frank.

  • Wis. Sanctions Order May Shake Up Securities Class Actions

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    A Wisconsin federal court’s recent decision to impose sanctions on a plaintiffs law firm for filing a frivolous Private Securities Litigation Reform Act complaint in Toft v. Harbor Diversified may cause both plaintiffs and defendants law firms to reconsider certain customary practices in securities class actions, says Jonathan Richman at Brown Rudnick.

  • 5 E-Discovery Predictions For 2026 And Beyond

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    2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.

  • Where States Jumped In When SEC Stepped Back In 2025

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    The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.

  • What's On Deck In Tribal Nations' Prediction Markets Litigation

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    Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.

  • Reviewing Historical And Recent NYDFS Blockchain Guidance

    Excerpt from Practical Guidance
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    An industry letter released in the fall by the New York State Department of Financial Services, together with guidance issued over the past decade, signals a heightened regulatory expectation for covered institutions regarding the use of blockchain analytics and requires review, says Nicole De Santis at Nomadis Consulting.

  • SEC Virtu Deal Previews Risks Of Nonpublic Info In AI Models

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    The U.S. Securities and Exchange Commission’s recent settlement with Virtu Financial Inc. over alleged failures to safeguard customer data raises broader questions about how traditional enforcement frameworks may apply when material nonpublic information is embedded into artificial intelligence trading systems, says Braeden Anderson at Gesmer Updegrove.

  • Series

    Judges On AI: How Courts Can Boost Access To Justice

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    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.

  • Examining Privilege In Dual-Purpose Workplace Investigations

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    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.

  • Hot Topics For Family Offices In 2026

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    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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