Securities

  • May 28, 2026

    Kalshi Targets Minnesota Prediction Market Ban In New Suit

    Kalshi is taking aim at a Minnesota ban on prediction markets that it says would turn it into a felon for operating in the state, filing a suit that follows a similar bid by the U.S. Commodity Futures Trading Commission to block the state law.

  • May 28, 2026

    SEC OKs Paxos As 1st 'Blockchain-Native' Clearing Agency

    Blockchain infrastructure firm Paxos said Thursday that the U.S. Securities and Exchange Commission has signed off on its clearing agency registration for blockchain-based settlement in what Paxos said is a first-of-its-kind approval.

  • May 28, 2026

    2nd Circ. Cites Macquarie Case In Tossing Gap Investor Suit

    The Second Circuit on Thursday upheld the dismissal of a proposed class action accusing The Gap Inc. of misleading investors about demand for its Old Navy brand's plus-size clothing line, ruling that the plaintiffs couldn't overcome a test imposed by the U.S. Supreme Court in 2024's Macquarie decision.

  • May 28, 2026

    Ex-TD Bank Worker Admits Role In $3M Customer Fraud Scam

    A former TD Bank NA financial service representative entered a plea deal in New Jersey federal court Wednesday, admitting to defrauding bank customers and bribing an employee at another financial institution to falsify bank records to facilitate a $3.4 million fraud scheme.

  • May 28, 2026

    Judge To Alter Critique Of Investor Vying To Be Lead Plaintiff

    A Texas federal judge on Thursday acknowledged a potential "black mark" against an investor who vied to be lead plaintiff for a subclass of investors who allegedly bought McDermott International Inc. stock at artificially inflated prices, agreeing to amend an order critical of him.

  • May 28, 2026

    SEC Says AI Crypto Trading Bot Was $12M Ponzi Scheme

    The U.S. Securities and Exchange Commission on Thursday accused a Texas man of lining his pockets with millions of dollars in investor funds that he falsely promised would be used to trade cryptocurrency using an artificial intelligence-operated bot.

  • May 28, 2026

    Zoetis Hit With Investor Suit Over Slowed Pet Drug Sales

    Animal health company Zoetis Inc. has been hit with a proposed shareholder class action accusing it of misleading investors about its growth prospects amid rising competition and shifting trends in the veterinary industry.

  • May 28, 2026

    SEC Fines David Lerner Associates For Reg BI Violations

    New York-based brokerage firm David Lerner Associates Inc. will pay $200,000 to settle U.S. Securities and Exchange Commission claims that the firm failed on over 200 occasions to exercise reasonable care in recommending mutual fund shares to customers that caused them to pay higher transaction costs.

  • May 28, 2026

    Judge Backs Cannabis Landlord In Investor Suit Over Defaults

    A Maryland federal judge found that a landlord of cannabis companies can't be held liable after four tenants defaulted on their leases, ruling that shareholders missed clues about the defaults found in public records and failed to show what the property owner knew beforehand.

  • May 28, 2026

    GMO Trust Investors Get Final OK For $6.8M Deal

    GMO-Z.com Trust and buyers of the GYEN stablecoin have received final approval of a $6.8 million deal to end the buyers' claims they suffered losses when the coin was "de-pegged" from the Japanese yen.

  • May 28, 2026

    Chancery Tosses Insider Financing Suit Against Ayala Brass

    The Delaware Chancery Court has dismissed a stockholder derivative suit against several venture capital investors and directors of biotechnology company Ayala Pharmaceuticals Inc., ruling that the plaintiff failed to show the board could not independently evaluate litigation over a disputed 2023 financing deal.

  • May 28, 2026

    CFTC Seeks To Join Kalshi Fight Over Rhode Island Ban

    The U.S. Commodity Futures Trading Commission asked a Rhode Island federal judge to join Kalshi in its suit against the state of Rhode Island on Thursday, extending the commission's campaign to assert its regulatory authority over prediction markets.

  • May 28, 2026

    Mark Cuban Beats Bid To Move Crypto Investor Suit To Texas

    A Miami federal judge won't send dismissed crypto promotion claims against Mark Cuban and the Dallas Mavericks to Texas, noting the investors seeking to move the suit strenuously fought the move earlier in the litigation and now "decline to explain why their current about-face should be excused."

  • May 28, 2026

    King & Spalding Blocked From Exiting $300M Fraud Lawsuit

    King & Spalding LLP and Lennon Murphy & Phillips LLC can't withdraw from representing clients in consolidated litigation over an alleged $300 million stock swindle, a Connecticut state court judge has ruled, saying the firms' motions ahead of a June trial lack good cause.

  • May 28, 2026

    Ex-Reebok CEO Says Biotech Investor Suit Was Shakedown

    Former Reebok CEO and billionaire philanthropist Paul Fireman said a "baseless" shareholder lawsuit against him and a biotech company he later sold to Janssen Pharmaceuticals Inc. for $85 million was an effort to get him to "cave" to demands for more money, according to a complaint filed in Massachusetts state court Wednesday.

  • May 28, 2026

    Split Fed. Circ. Says $452M Trade Secret Case Was Untimely

    A split Federal Circuit panel on Thursday erased Insulet Corp.'s trade secret victory against EOFlow Co. Ltd., holding that the medical device maker filed its claims too late and reversing a $452 million jury verdict that was later reduced to $59.4 million.

  • May 28, 2026

    Commerce Department Senior Counsel Joins MoFo In DC

    A senior counsel in a U.S. Commerce Department office focused on providing legal support to the Bureau of Industry and Security has moved to Morrison Foerster LLP's national security group in Washington, D.C., the firm announced Wednesday.

  • May 27, 2026

    Google Worker Charged With $1.2M Polymarket Insider Fraud

    A Google software engineer faces charges that he made more than $1.2 million by placing insider bets on Polymarket using the search giant's confidential data, and then tried to conceal his proceeds and actions, according to criminal and civil complaints unveiled Wednesday in New York federal court.

  • May 27, 2026

    CFTC Agrees To Abandon Biden-Era Gemini Crypto Settlement

    The U.S. Commodity Futures Trading Commission and the Winklevoss-owned crypto exchange Gemini have asked a New York federal court to vacate a $5 million settlement ending allegations that Gemini misrepresented a bitcoin futures contract, telling the court that the agency now believes its complaint shouldn't have been filed.

  • May 27, 2026

    Ex-Doximity Exec Gets 2 Years For Insider Trading Scheme

    The former chief revenue officer of medical professional networking platform Doximity Inc. has been sentenced by a New York federal judge to just over two years in prison for securities fraud related to his trading on inside information before the company's earnings calls, prosecutors announced Wednesday.

  • May 27, 2026

    NY Firms Lose Lead Role In Starbucks Shareholder Suit

    A Washington federal judge struck an earlier order granting co-lead roles to two New York law firms in a consolidated shareholder action against Starbucks Corp., handing a win Wednesday to two plaintiffs who'd challenged the appointment and said their own counsel would be better suited for the job.

  • May 27, 2026

    Cummins Beats Emissions Derivative Suits, For Now

    An Indiana federal judge on Wednesday dismissed consolidated shareholder derivative litigation alleging engine manufacturer Cummins Inc.'s top executives breached their fiduciary duties by overseeing a scheme to rig vehicles with emissions-cheating software, prompting $2 billion in penalties to settle regulators' claims concerning Clean Air Act violations.

  • May 27, 2026

    Inovio Brass Hit With Suit Over FDA Approval Claims

    Executives and directors of Inovio Pharmaceuticals Inc. on Wednesday were slapped with a shareholder derivative suit accusing them of damaging the company with misleading statements regarding the likelihood that the U.S. Food and Drug Administration would grant priority review to its DNA medicine.

  • May 27, 2026

    Exxon Investors Approve Legal Move To Texas

    Exxon Mobil Corp. shareholders on Wednesday gave a thumbs-up to the company's proposal to move its legal home to Texas, voting in favor of the proposal despite pushback from proxy advisory firms.

  • May 27, 2026

    CFTC Sends Prediction Markets Proposal To White House

    The U.S. Commodity Futures Trading Commission confirmed to Law360 on Wednesday that it has sent its planned rules for event contracts to the White House for review, marking another step toward issuing prediction market regulations amid jurisdictional battles with state gaming regulators.

Expert Analysis

  • Series

    NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

  • Revised Fed Principles Balance Risk And Remediation

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    The Federal Reserve's recently updated supervisory principles sharpen standards for enforcement actions while rewarding self-identification and remediation, signaling a more transparent approach that could reduce uncertainty and reshape how banks manage examination risk and regulator engagement going forward, say attorneys at Davis Wright.

  • Big Issues Linger After Senate Prediction Market Trading Ban

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    Whether the Senate can — or should — extend prediction market trading restrictions beyond itself will test not only the boundaries of insider trading law, but also the structural limits of legislative power in an era where information itself has become a tradable asset, say attorneys at Benesch.

  • Series

    Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Becoming The Biz-Savvy GC That Portfolio Companies Need

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    Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

  • Operational AI Washing: The Section 220 Information Strategy

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    Plaintiffs filing AI washing claims will likely use Section 220 of the Delaware General Corporation Law to obtain internal board records, but 2025 amendments have fundamentally changed the landscape of presuit shareholder document demands in ways that create both risk and opportunity for companies, say attorneys at Akerman.

  • Del. Dispatch: The Hurdles To Early Fraud Claim Dismissal

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    Particularly where the alleged facts may suggest potentially blatant or egregious misconduct, the pleading-stage standards highlighted in the Delaware Court of Chancery's recent decision in Diem v. Maisonette provide a ready route for the nondismissal of claims before a trial, say attorneys at Fried Frank.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • AI Investment Advice May Fail Investor Protection Rules

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    Based on an ongoing study of artificial intelligence platforms' investment advice given to retail investors, direct access to AI may not yield recommendations for typical households that are suitable under relevant securities rules, raising new and important issues in the regulation of financial markets, says Bruce Carlin at Rice University.

  • Startup Founder Disputes Increasingly Turn On Governance

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    Recent Delaware developments suggest that as courts place increasing emphasis on board process, independence and oversight in founder-led startups, the growing intersection of governance, technology risk and investor oversight is accelerating both the emergence and escalation of founder disputes, says mediator Frank Burke.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

  • SEC Clarifies 'Baby Shelf' Restrictions For Small Cos.

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    For smaller public companies looking to access the capital markets, the so-called baby shelf requirements can be a significant limitation, but recent guidance from the U.S. Securities and Exchange Commission helps to alleviate the effect of subsequent baby shelf restrictions on an at-the-market facility, say attorneys at Faegre Drinker.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

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