Securities

  • April 13, 2026

    Crypto Suit Fails Without Proof Of Partnership, 2nd Circ. Says

    An Oregon man has not shown that he is entitled to a share of profits from a purported joint venture in cryptocurrency investment involving a once close friend, the Second Circuit said Monday, affirming a Manhattan federal judge's dismissal of the claims.

  • April 13, 2026

    Kalshi Says Montana Lacks The Power To Block Its Operations

    Kalshi on Monday asked a federal court to block Montana from trying to limit the prediction market's operations in the state, arguing that the exchange can only be lawfully regulated under federal law — not state gambling laws.

  • April 13, 2026

    Citron's 'Shadowy Gang' Sued Over Short Selling Campaign

    Shareholders of PolarityTE have alleged in a new suit that "members of a shadowy gang of short sellers" conspired to short the biotechnology company's stock through targeted negative media attacks with Citron Research to enrich themselves at the expense of the shareholders, and that they ultimately caused the company's bankruptcy.

  • April 13, 2026

    Spain Faces Enforcement Of €77M Renewable Energy Award

    A D.C. federal judge has refused to disallow subpoenas issued against Spain by Blasket Renewable Investments LLC as the creditor looks to capture Spanish assets to enforce an arbitral award of about €77 million ($90 million) under the Energy Charter Treaty.

  • April 13, 2026

    White House Study Minimizes Stablecoin Risk, ABA Says

    The American Bankers Association pushed back Monday on a recent White House study that found banning stablecoin yield programs wouldn't have much benefit for bank lending, saying the study downplayed the risks from such programs by asking the "wrong question" about them.

  • April 13, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket this past week featured a mix of high-stakes settlements, fast-moving deal litigation, governance disputes and a notable post-trial ruling involving fraud-tainted loans.

  • April 13, 2026

    SEC Frees Some Crypto Apps From Broker Registration

    The U.S. Securities and Exchange Commission on Monday cleared a regulatory hurdle for some websites and smartphone applications that aid investors trading in cryptocurrencies, saying those meeting certain conditions will not have to register as brokers.

  • April 13, 2026

    Texas Appeals Court Upholds Dismissal In $250M Fraud Case

    A split Texas appeals court panel found that a company cannot bring claims against Morgan Stanley after an executive at the bank ran an alleged kickback scheme involving $250 million in mineral interests, saying the executive was working by himself when the alleged fraud occurred.

  • April 13, 2026

    Tesla Wins Chancery Suit Dismissal After Move To Texas

    A consolidated Delaware Chancery Court suit leveling breach of fiduciary duty claims against Elon Musk and Tesla Inc. directors belongs in Texas, a vice chancellor said Monday, finding that a forum selection bylaw applies retroactively even though the conduct at issue occurred before the company reincorporated in the Lone Star State.

  • April 13, 2026

    United Homes Faces Investor Suit Over Discounted Sale Plan

    Homebuilder United Homes Group Inc. faces a proposed investor class action alleging the company hid that its former CEO schemed to devalue the company as he gunned to sell it off, leading to a proposed sale that caused significant shareholder losses by cutting the company's valuation in half. 

  • April 13, 2026

    Aspiration's Ch. 7 Trustee Sues To Block Calif. Fraud Suit

    The Chapter 7 trustee for Aspiration Partners Inc. has sued investors who have alleged in California state court that the company's co-founder and others defrauded them, telling a Delaware bankruptcy court the civil case risks depleting estate assets that should be shared among all of Aspiration's creditors.

  • April 13, 2026

    Investors Seek Class Cert. In Aramark, Vestis Spinoff Suit

    A group of institutional investors has asked a Georgia federal judge to certify a class in their proposed securities class action accusing uniform supplier Vestis Corp. and food and facilities services giant Aramark of making misleading statements about Vestis' operations and customer relationships prior to its 2023 spinoff from Aramark.

  • April 13, 2026

    Tech Co. Can't Duck Ponzi Scheme Claims Over Data Boxes

    A Pennsylvania federal judge declined to dismiss civil Racketeer Influenced Corrupt Organization claims against a tech company and others filed by a business alleging it was duped into buying billboard-adjacent data collection boxes on the false premise that the information would be sold to Intel.

  • April 13, 2026

    Cooley Adds Ex-Silver Lake Leader To Private Equity Team

    Cooley LLP has strengthened its private equity offering by adding Silver Lake's former legal director of fund formation as a New York-based partner, the firm announced Monday.

  • April 13, 2026

    Robbins Geller To Lead Investor Suit Despite Filing Glitch

    A New York federal judge has appointed Robbins Geller Rudman & Dowd LLP as lead counsel in a proposed class action against BellRing Brands, the owner of Premier Protein and other supplement brands, after finding a lead counsel bid that was filed six minutes past the deadline due to a technical glitch was excusable.

  • April 13, 2026

    Symetra Inks $44.4M Deal With AME Church Employees

    Symetra Life Insurance Co. will pay $44.4 million to end multidistrict litigation from a class of African Methodist Episcopal Church workers who alleged that mismanagement of their annuity retirement plan allowed a rogue employee to embezzle $90 million, according to filings in Tennessee federal court.

  • April 13, 2026

    Chancery Approves $70M Deal In Covetrus Take-Private Suit

    The Delaware Chancery Court on Monday approved a $70 million settlement resolving stockholder claims over the 2022 take-private sale of animal health company Covetrus Inc., finding the deal provides a meaningful recovery for investors while avoiding the risks of continued litigation.

  • April 10, 2026

    SEC Suit Over $200M Water Machine Scheme Put On Ice

    A New York federal judge on Friday paused the U.S. Securities and Exchange Commission's civil suit against an Indiana man accused of participating in a $200 million Ponzi scheme, ruling that allowing discovery to go forward could interfere with the government's parallel criminal case.

  • April 10, 2026

    Sens. Urge CFTC To Probe 'Unusual' Oil Trading Patterns

    U.S. Sens. Elizabeth Warren, D-Mass., and Sheldon Whitehouse, D-R.I., called on the U.S. Commodity Futures Trading Commission to investigate "unusual trading patterns" in oil futures that took place right before President Donald Trump announced talks with Iran, including the recently announced ceasefire.

  • April 10, 2026

    Ariz. Prediction Markets Regulation, Kalshi Charges Halted

    A Phoenix federal judge on Friday temporarily blocked Arizona from enforcing its gambling laws against federally regulated prediction markets, saying the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission are likely to succeed on their claims that Arizona's laws are preempted by federal law.

  • April 10, 2026

    REIT Investors Ink Deal Over CEO's Alleged Undisclosed Loan

    Investors in Sun Communities Inc. asked a Michigan federal judge to grant initial approval to their $2.3 million deal with the real estate investment trust to end claims that its failure to disclose its then-CEO received a loan from a board member's relatives damaged shareholders when the information emerged in a short seller report.

  • April 10, 2026

    Big Banks Say They Were Victims Of Tricolor Fraud Scheme

    JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings, arguing that they were also victims of the fraud and not aware of the scheme despite being sophisticated financial institutions.

  • April 10, 2026

    SEC To Craft Exemption For Foreign Bail-In Transactions

    U.S. Securities and Exchange Commission Chair Paul Atkins said Friday that he has directed staff to draft an exemption for securities offered and sold as part of certain foreign bail-in processes, announcing the plans as the agency said it won't take action over bail-in transactions directed by the Bank of England.

  • April 10, 2026

    Trump Media Pans Truth Social Backers' Bid To Depose Trump

    Trump Media & Technology Group urged a Florida state judge to deny a bid by former backers of President Donald Trump's Truth Social platform to stay its July trial over taking the company public, saying the court shouldn't wait on the defendants' too-late appeal related to deposing the president.

  • April 10, 2026

    CFTC Taps Latham, Sidley Attys For Innovation Task Force

    The Commodity Futures Trading Commission has tapped alumni of Latham & Watkins LLP, Sidley Austin LLP and advisory firm Patomak Global Partners LLC for its task force developing regulatory framework for cryptocurrency, artificial intelligence and prediction markets.

Expert Analysis

  • Anticipating The SEC's Cybersecurity Focus After SolarWinds

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    While the U.S. Securities and Exchange Commission's recent voluntary dismissal of its enforcement action against SolarWinds Corp. and its chief information security officer marks a significant victory for the defendants, it does not mean the SEC is done bringing cybersecurity cases, say attorneys at MoFo.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • OCC Rulemaking May Clear Haze Around Trust Banks' Scope

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    A recent Office of the Comptroller of the Currency proposal at last eliminates uncertainty around whether national trust banks can engage in nonfiduciary activities, but it does not address which activities are permissible or whether a minimum amount of fiduciary activity is required, say attorneys at Davis Polk.

  • Justices' BDO Denial May Allow For Increased Auditor Liability

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    The Supreme Court's recent denial of certiorari in BDO v. New England Carpenters could lead to more actions filed against accounting firms, as it lets stand a 2024 Second Circuit ruling that provided a road map for pleading falsity with respect to audit certifications, says Dean Conway at Carlton Fields.

  • NY Securities Class Action Ruling Holds Rare Timing Insights

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    A New York federal court's recent decision in Leone v. ASP Isotopes adopted the unusual posture of simultaneously denying a motion to dismiss and certifying claims to proceed as a class action, and its unique scheduling carries certain procedural and substantive implications, say attorneys at Labaton Keller.

  • And Now A Word From The Panel: MDL Year In Review

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    2025 was a roller coaster for the Judicial Panel on Multidistrict Litigation, with the panel canceling one hearing session due to the absence of new MDL petitions, yet also issuing rulings on more new MDL petitions than in 2024 — making it clear that MDLs are still thriving, says Alan Rothman at Sidley Austin.

  • Digital Assets May Be In For A Growth Spurt In 2026

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    All signs point to an acceleration in digital asset product and service innovation throughout 2026, and while questions of first impression still need to be addressed, some legal issues will be clarified, spurring developments namely on the tokenization and stablecoin fronts, say attorneys at Skadden.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Navigating Battery Validation Risk In The EV Supply Chain

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    Vehicle electrification has moved battery system supply chains from a background component into the center of the automotive universe — and for legal teams, battery validation is now a driver of contractual disputes, regulatory exposure and even shareholder litigation, say Samuel Madden at Secretariat Advisors and Vanessa Miller at Foley & Lardner.

  • Cybersecurity Must Remain Financial Sector's Focus In 2026

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    In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.

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