Securities

  • November 03, 2026

    PE Fund Lost $43M In 'Speculative' Stock Swap, Del. Suit Says

    An investor in a private equity fund has accused its managers in Delaware Chancery Court of secretly exchanging about $43 million in diversified investments for securities in a "speculative" financial company, then failing to sell those holdings before their value plunged 99.98%, leaving investors with virtually nothing.

  • November 02, 2026

    Coinbase Says NJ Dropped $5M Staking Securities Action

    Coinbase said Monday that New Jersey has dropped a lawsuit accusing the crypto exchange of offering unregistered securities through its staking services and rescinded a 2023 cease-and-desist order that barred it from offering the rewards-generating product in the state.

  • November 02, 2026

    Vaccine Co. Investors Want Final OK Of $6M Settlement

    Investors of now-bankrupt vaccine company Gritstone Bio Inc. have asked a California federal court to grant final approval to a $6 million settlement resolving claims that its former CEO failed to disclose the company's inability to carry out a $423 million government contract for COVID-19 vaccine research it was granted in 2023.

  • November 02, 2026

    BlackRock, State Street Get State AG Coal Suit Trimmed

    BlackRock and State Street have pared down a lawsuit by Republican state attorneys general accusing them of driving up coal prices, but a Texas federal judge let stand claims brought by Iowa and Nebraska on behalf of their resident electricity consumers.

  • November 02, 2026

    SEC Says Rep Broke Fiduciary Duty With ETF Sales To Elderly

    The U.S. Securities and Exchange Commission announced it has settled claims against an investment adviser and its former representative it accused of facilitating trades that were unsuitable for their clients' investment objectives.

  • November 02, 2026

    SEC's Top Cop On Building A 'Nimble' Enforcement Division

    The U.S. Securities and Exchange Commission has lost hundreds of enforcement employees and seen significant restructuring of its regional offices over the past two years, but the Division of Enforcement's director said that hasn't stopped him from building a "nimble" program that is focused on more than just the number of cases filed.

  • November 02, 2026

    Cronos Investor Says $10M Deal Lets Pot Co. Off Cheap

    Cannabis company Cronos Group Inc. shouldn't be allowed to escape claims it artificially inflated company revenue with a $10 million settlement, a Canadian investor told a New York federal court, arguing the deal threatens to undercut his stronger, certified class action chugging along in the Great White North.

  • November 02, 2026

    50 Cos. Object To Listing On OKX Tokenized Stock Venue

    Fifty publicly traded firms including Goldman Sachs, Microsoft and Nvidia have directed the tokenized stock trading venue OKXICE not to list blockchain-based forms of their shares, according to the crypto platform's latest disclosure.

  • November 02, 2026

    Sports Complex Boss Tagged With $2.2M Restitution Order

    A New York federal judge has ordered the former chief operating officer of an Arizona sporting complex to pay more than $2 million in restitution for his role in a nine-figure bond fraud scheme.

  • November 02, 2026

    LPL Seeks Dismissal Of Revived Cash Sweep Claims

    LPL Financial has asked a California federal judge to dismiss an amended complaint in a proposed class action accusing it of paying customers low interest on uninvested cash in its cash sweep programs, arguing its agreements disclosed the rates and fees and imposed no duty to pay higher returns.

  • November 02, 2026

    AI Agents Raise Stakes For Banks As Legal Fights Loom

    As major banks move to keep artificial intelligence agents from accessing customer accounts, financial services attorneys say the growing use of these tools in financial transactions could test the limits of existing consumer protection laws and set the stage for litigation.

  • November 02, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week allowed a stockholder claim over R1 RCM Inc.'s $8.9 billion buyout to proceed, while investors in Meta Platforms Inc. sued to block a stock restructuring they say would let CEO Mark Zuckerberg sell billions of dollars in shares without giving up control of the company.

  • November 02, 2026

    Cancer Therapy Co. Karyopharm Hits Ch. 11 With Merger Plan

    Pharmaceutical company Karyopharm Therapeutics Inc. on Monday filed for Chapter 11 protection in a Texas bankruptcy court with $441.5 million in debt and a plan to merge with biotechnology firm Ayrmid Ltd.

  • October 30, 2026

    Law360 MVP Awards Go To Top Attorneys From 89 Firms

    The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.

  • October 30, 2026

    OCC Has 'Serious' Concerns On Calif. Climate-Disclosure Law

    The Office of the Comptroller of the Currency is lobbying California environmental regulators for a national bank carveout from their anticipated state climate-related disclosure rules, signaling it could otherwise seek to shield banks with its federal preemption powers.

  • October 30, 2026

    Binance's $6.3B Crypto Hack Puts Customer Trust To The Test

    The record $6.3 billion hack of Binance is likely to test customers' faith in the cryptocurrency giant, with its ability to repay losses and willingness to take steps to strengthen its cyber defenses poised to shape whether investors stick with the platform.

  • October 30, 2026

    'Why Would I Deceive You?': Fact-Checking The Holmes Doc

    With former Theranos CEO Elizabeth Holmes' criminal case receiving renewed attention following the recent release of Nathan Fielder and Lance Oppenheim's documentary "You Can See Everything," Law360 answers questions about Holmes' 2022 securities fraud conviction and fact-checks some of the documentary's most talked-about moments.

  • October 30, 2026

    Custodia Urges High Court To Curb Fed 'Tyranny'

    Custodia Bank again urged the U.S. Supreme Court to review a Tenth Circuit ruling allowing regional Federal Reserve banks to deny eligible banks master accounts, saying only the high court can "put an end to the Fed's tyranny over financial innovation."

  • October 30, 2026

    CFTC Seeks To Block Utah Prediction Market Actions

    The U.S. Commodity Futures Trading Commission is asking a Utah federal judge to temporarily block the state from pursuing enforcement actions against prediction market platforms, including Utah's active civil and criminal cases against Kalshi.

  • October 30, 2026

    Ex-Wells Fargo Director Seeks $1M Fee Award After Appeal

    A former Wells Fargo director and an attorney who represented him in his $22 million Americans with Disabilities Act suit against the bank are making a second attempt to collect attorney fees, pushing a North Carolina federal judge for over $1 million.

  • October 30, 2026

    The SEC Is Reading Your Corporate AI Disclosures

    The top cop at the U.S. Securities and Exchange Commission says agency attorneys are on the lookout for at least two types of artificial intelligence-related fraud: those that use AI to dupe social media users and those committed by companies that fail to properly disclose their use of the new technology.

  • October 30, 2026

    SEC Fines Adviser Over Conflicts Of Interest, Disclosures

    A New York investment adviser will pay the U.S. Securities and Exchange Commission $364,000 to resolve claims it breached its fiduciary duty to clients by failing to disclose conflicts of interest involving its affiliated broker-dealer's receipt of revenue-sharing compensation and by including misleading liability disclaimer language in its advisory agreements.

  • October 30, 2026

    ChargePoint To Fund $11M Investor Deal From Its Own Cash

    ChargePoint Holdings Inc. investors inked an $11 million deal to end a proposed securities class action alleging the electric vehicle charging company improperly inflated its revenues, according to a motion filed Thursday asking a California federal judge to preliminarily approve the settlement.

  • October 30, 2026

    2nd Circ. To Hear CFTC At Kalshi, Conn. Oral Arguments

    The Second Circuit on Friday said it would permit the U.S. Commodity Futures Trading Commission to share its views on prediction market regulation at upcoming oral arguments between Kalshi and Connecticut regulators.

  • October 30, 2026

    Pharma Supplier Sues To Undo $52M Minority Stake Deal

    Pharmaceutical ingredient manufacturer Pfanstiehl Holdings Inc. has sued a minority shareholder and its general partner in the Delaware Chancery Court, seeking to unwind a $52.3 million transaction that allegedly transferred a majority economic interest in the shareholder's stake to an unidentified investor without required notice or consent.

Expert Analysis

  • Opinion

    The SEC Crypto Proposal Rests On A Term No One Can Define

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    The U.S. Securities and Exchange Commission's recently proposed Regulation Crypto Assets is its most ambitious attempt to set rules for the crypto industry, but its repeated use of the phrase "essential managerial efforts" means it perpetuates the uncertainty the regime is meant to cure, says Joseph A. Hall at Davis Polk.

  • Navigating Dueling Regulations For Bank Investment Advisers

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    Recent U.S. Securities and Exchange Commission examination findings show that investment advisory activities remain an active area of regulatory focus, and reinforce the need for banks to assess intersecting compliance obligations, say attorneys at Fredrikson.

  • Series

    Being In The Peace Corps Made Me A Better Lawyer

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    When I served in the Peace Corps, the people of the West African village where I was stationed helped me acclimate to my new surroundings and enabled me to develop problem-solving, teamwork and empathy skills that have bolstered my legal practice far beyond the ability to offer technical advice, says Brian Bewley at McGuireWoods.

  • Measuring Shareholder Harm In Death Spiral Convertibles

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    As convertible structures have recently regained prominence, it's important to revisit the so-called floating-price death spiral convertible and how to quantify the losses for shareholders when disputes arise, says Pavithra Kumar at Conexig.

  • Unpacking FDIC's Modernized Bank Merger Review Rules

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    The Federal Deposit Insurance Corp.'s proposed revisions to its Bank Merger Act review process are a shift from its more skeptical prior posture toward a more structured and transaction-facilitative approach, though some broader uncertainty remains concerning antitrust alignment with the U.S. Department of Justice, say attorneys at Simpson Thacher.

  • White House AI Accord Could Reshape Reasonable Care

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    President Donald Trump's recent joint commitment on frontier responsibilities — signed by leaders of Google, Anthropic, Meta and more — may pose legal risks for nonsignatories, as businesses using artificial intelligence may find the accord's safeguards cited against them as evidence of what reasonable care requires, says Peter Schildkraut at Arnold & Porter.

  • Del. Ruling Shows How AI Meeting Transcripts Can Backfire

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    In ATG Capital Opportunities Fund v. Lane, the Delaware Court of Chancery reviewed board meeting transcripts generated by an artificial intelligence tool as part of its assessment of the board's motivations, highlighting potential risks of AI-generated corporate records, say attorneys at Debevoise.

  • Dissecting Dodd's, Gensler's Prediction Market Amicus Briefs

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    Former Sen. Chris Dodd and former U.S. Commodity Futures Trading Commission Chairman Gary Gensler's recent amicus briefs in support of New Jersey's petition for U.S. Supreme Court review of Kalshi v. Flaherty draw on legislative history to counter the CFTC's claim of federal preemption over the prediction markets, says Trace Schmeltz at Steptoe.

  • OCC Plan May Bring Data Sharing Flexibility, Diligence Issues

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    The Office of the Comptroller of the Currency's recent proposal to overhaul its supervisory information sharing regime for the first time in decades would provide important flexibility to banks, but it could create new issues around confidentiality agreements, disclosure controls and diligence processes, say attorneys at Simpson Thacher.

  • 5 Prediction Market Queries For Every League, Athletic Dept.

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    The NFL's recent amicus brief urging the U.S. Supreme Court to resolve a circuit split over regulating prediction markets and operators like Kalshi raises important, enterprisewide governance questions for leagues, teams and athletic departments, and highlights that regulatory oversight and institutional integrity are related but distinct, say attorneys at Robins Kaplan.

  • Planning For D&O Exclusions As Risks Mount For Banks

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    Banks should scrutinize directors and officers exclusions for artificial intelligence, disclosure and cybersecurity risks during policy renewal negotiations to preserve coverage amid the current uptick in insurer scrutiny and related shareholder litigation, say attorneys at Jones Walker.

  • Why The SEC Proposed Rescinding Its 'Pay-To-Play' Rule

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    The U.S. Securities and Exchange Commission's recent proposal to nix its pay-to-play rule governing political contributions by investment advisers follows years of industry advocacy and commissioner criticism that it suppresses political speech and affects hiring, say attorneys at Simpson Thacher.

  • SEC's Insider Trading Duty Rule May Face Loper Bright Test

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    In U.S. v. Jennings, pending in New Jersey federal court, the defense has an opportunity to challenge the rule defining the boundaries of the misappropriation theory of insider trading under Loper Bright, as the only litigated case testing the rule's limits relied on Chevron deference, say attorneys at O'Melveny.

  • Series

    Fintech Regulator Outlook: Collaboration In North Dakota

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    The recent speed of new digital asset products entering the market continues to introduce compliance challenges, so regulators and companies alike must examine the intersection of artificial intelligence, cybersecurity, collaboration and modernization to navigate regulatory complexity, says Lise Kruse at the North Dakota Department of Financial Institutions.

  • As Congress Stalls, SEC Hits Go On 'Innovation Exemption'

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    While the U.S. Securities and Exchange Commission's recently issued innovation exemption to facilitate on-chain trading of certain tokenized stocks isn't a replacement for a comprehensive legislative framework, it reduces the likelihood that further congressional delay will freeze market development, says Stephen Aschettino at Fox Rothschild.

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