Securities

  • October 28, 2026

    Zillow To Pay $212M To Exit Investors' Home-Flipping Suit

    Zillow told a federal judge in Washington state Wednesday the company has agreed to settle an investor class action accusing it of hiding problems with its now-shuttered home buying business, agreeing to pay $212.5 million just weeks after the U.S. Supreme Court turned away the company's appeal. 

  • October 28, 2026

    Full 4th Circ. Won't Rehear Boeing Investor Class Ruling

    The Fourth Circuit on Wednesday denied a request from Boeing investors for the full court to rehear a panel's decision overturning class certification in a suit against the aerospace company over its alleged concealment of safety issues with its 737 Max fleet.

  • October 28, 2026

    Endeavor Sues Icahn Over 'Illegally Acquired' Shares

    Media company Endeavor Group Holdings Inc. sued billionaire investor Carl Icahn in New York federal court Wednesday, arguing he should be required to forfeit the shares in the company that he "illegally acquired" before it was taken private in a $13 billion acquisition by Silver Lake.

  • October 28, 2026

    SEC Lands $187M Judgment In Finance Group Ponzi Case

    A Georgia federal judge has approved an agreement that put financial advisory group Drive Planning LLC on the hook for $187 million in a U.S. Securities and Exchange Commission's case that claimed the group served as a vehicle for a sweeping Ponzi scheme.

  • October 28, 2026

    BigLaw Tip Middleman To Admit Role In $3.5M Trading Scheme

    An alleged middleman in a sweeping scheme to trade off of deal information stolen from major law firms has agreed to plead guilty and potentially faces a prison term of nearly a decade, according to a plea agreement filed Wednesday in Massachusetts federal court.

  • October 28, 2026

    YouTuber Sues Broker Over Logan Paul Defamation Coverage

    A YouTube investigator who called influencer and professional wrestler Logan Paul's cryptocurrency project a scam sued insurance brokers, alleging they failed to procure an insurance policy that would have provided defense coverage for Paul's defamation suit.

  • October 28, 2026

    SEC Rejects Rengan Rajaratnam's Bid To End Adviser Ban

    The U.S. Securities and Exchange Commission has declined to lift a more-than-decade-old industry ban on the younger brother of convicted insider trader Raj Rajaratnam, rejecting his argument that the restriction has hampered his ability to find work in finance.

  • October 28, 2026

    Meta Wants Ex-WhatsApp Security Head's Suit Axed For Good

    Meta has urged a California federal judge to permanently dismiss a whistleblower retaliation suit from a former cybersecurity head for WhatsApp, saying the fourth version of his complaint repleads theories the court has tossed and still doesn't show the managers responsible for the alleged retaliation knew about his claimed protected activity.

  • October 28, 2026

    Robinhood Agrees To Pause Sports Event Contracts In Ohio

    Robinhood Markets Inc. on Wednesday said it struck an agreement with Ohio's gaming commission to stop offering new sports-related event contracts in the Buckeye State in exchange for an enforcement reprieve while litigation over the contracts' legality plays out in federal courts.

  • October 27, 2026

    Anthropic's 'Existential Risks' Warning Sets Stage For AI IPOs

    Anthropic PBC's registration statement includes more than 90 pages of risk disclosures for prospective investors ahead of the Claude developer's planned public offering, including "existential risks to humanity" posed by advanced artificial intelligence and a corporate governance structure the company warns may make it difficult for voting shareholders to replace directors and managers.

  • October 27, 2026

    Ex-FirstEnergy Execs Skirt Sanctions, Get Discovery Warning

    Two former FirstEnergy executives and their counsel will not face sanctions over delayed document production in an investor suit over the company's $1 billion bribery scandal, an Ohio federal judge has ruled, but warned them that "future evasive or dilatory" discovery tactics won't be tolerated.

  • October 27, 2026

    CFTC Sues Utah To Widen Prediction Market State Brawl

    Utah on Tuesday became the latest state to catch a suit from the U.S. Commodity Futures Trading Commission when the agency accused the state of treading on its "exclusive jurisdiction" over the prediction markets by bringing an enforcement action that branded Kalshi's sports contracts as bets.

  • October 27, 2026

    Energy Co. Investor Seeks Answers On Rebuffed Tech Bid

    An investor in Scuderi Group Inc. has sued the privately held company in Delaware Chancery Court, alleging he and his family have received no return on their investment and are being denied financial records needed to determine its value.

  • October 27, 2026

    JPMorgan Seeks Sanctions In Ex-Banker's Bias Suit

    A former JPMorgan Chase employee's claims of racial discrimination and sexual harassment were completely false and manufactured, JPMorgan and the employee's former supervisor said in motions urging a New York federal judge to levy sanctions against Chirayu Rana for his "fraudulent litigation."

  • October 27, 2026

    Singapore Fintech Hit With Suit Over 'Illegal Activity' In China

    An investor is suing UP Fintech Holding Ltd. in New Jersey federal court, alleging the fintech company and its top brass misrepresented and understated its legal and regulatory risk "as a result of continued illegal activity in China."

  • October 27, 2026

    6 Firms Advise On Ares' $2.6B MidCap Financial Buy

    Ares Capital Corp. said Tuesday it has agreed to acquire middle-market lender MidCap Financial Investment Corp. in a stock-and-cash transaction for an enterprise value of about $2.6 billion, with six law firms advising on the transaction.

  • October 27, 2026

    SEC Advances Plans To Alter Market Surveillance Tool

    The U.S. Securities and Exchange Commission has moved one step closer to adopting a rule that could change the way a market surveillance tool known as the consolidated audit trail operates, informing the White House of a planned rulemaking two months after the SEC's chairman floated taking over the CAT.

  • October 27, 2026

    Soldier Can't Slip Charges Over Maduro Raid Polymarket Bet

    A U.S. Army soldier must face charges that he profited from insider knowledge of the raid that captured deposed Venezuelan President Nicolás Maduro after a Manhattan federal judge ruled that whether his prediction market trades ran afoul of commodities laws is a question for trial.

  • October 27, 2026

    Cogent Board Sued Over Wavelength Backlog Claims

    Cogent Communications has been hit with another stock-drop suit accusing it of misleading investors about the viability of its wavelength business, which the company billed as the solution to financial problems that arose after it purchased Sprint's failing wireline business for $1.

  • October 27, 2026

    AeroVironment Says It Flagged Space Force Contract Risks

    AeroVironment Inc. asked a Virginia federal judge to throw out a proposed class action alleging it misled investors about a terminated U.S. Space Force contract worth up to $1.7 billion, arguing it reasonably characterized its contract performance and warned about such risks.

  • October 27, 2026

    Amazon Says 'Net Impression' Can't Support Seafood Suit

    Amazon.com is asking a Washington federal judge to throw out a suit alleging that it misleads consumers about the sustainability of seafood products sold on the platform, saying the plaintiffs cannot base their suit on a "net impression" of claims Amazon never made.

  • October 27, 2026

    Meta Investors Say No-Vote Stock Plan Benefits Zuckerberg

    Union pension funds and other Meta stockholders have brought a proposed class action in Delaware Chancery Court against Mark Zuckerberg and the company's directors, including UFC President and CEO Dana White, seeking to halt a plan they say would let Zuckerberg sell billions of dollars in shares while cementing his voting control.

  • October 27, 2026

    Weil Loses 2 Regulatory Partners To Skadden In NY, DC

    Skadden Arps Slate Meagher & Flom LLP announced Tuesday it has hired two attorneys from Weil Gotshal & Manges LLP, as partner exits from that firm continue in the days following news of failed merger discussions with Willkie Farr & Gallagher LLP.

  • October 27, 2026

    SEC Counsel Joins Venable Team, Former Boss In DC

    Venable announced Tuesday it has hired a U.S. Securities and Exchange Commission lawyer who spent the past 10 years in myriad legal roles at the agency and most recently had a senior position in the SEC Division of Trading and Markets' legal review office.

  • October 27, 2026

    2nd Circuit Rejects Venezuela's Bid To Void $3B In Bonds

    Nearly $3 billion in defaulted Venezuelan bonds should not be blocked from enforcement under the country's domestic law, the Second Circuit ruled Tuesday.

Expert Analysis

  • Why And How To Build A Neurodiversity-Informed Practice

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    By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

  • Series

    Illinois Banking Brief: All The Notable Legal Updates In Q3

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    Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digital asset tax, say attorneys at Barnes & Thornburg.

  • How SEC Is Changing The Shareholder Proposal Landscape

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    The U.S. Securities and Exchange Commission continues to place its shareholder proposal rule at the center of its agenda, now with a newly proposed rule that would rescind it entirely, showcasing an agency seeking to narrow its overall focus, say attorneys at Thompson Coburn.

  • SEC's Shareholder Activism Role After The '26 Proxy Season

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    The U.S. Securities and Exchange Commission recently proposed eliminating its shareholder proposal rule, but this proxy season's combination of elevated campaign activity, limited formal escalation and measured voting outcomes illustrates why a targeted SEC role remains important, say attorneys at Sidley.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q3

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    Several developments from New York financial services regulators in the third quarter reflect a common theme — regulators are increasingly seeking to apply established supervisory expectations to newer market participants and emerging financial products, say attorneys at Blank Rome.

  • Prediction Market Case Tests Novel Insider Trading Theory

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    The government's argument in its case against a soldier accused of using classified information to bet on Venezuelan President Nicolás Maduro's capture would represent a sea change in how insider trading wire fraud has been prosecuted for decades, says Alex Blanchard at Holland & Knight.

  • Why Importers Should Assess IEEPA Refund Claims Now

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    Businesses that wait for direction from U.S. Customs and Border Protection or the courts before seeking refunds of their finally liquidated International Economic Emergency Procedure Act duties in court may find them out of reach as the earliest potential limitation deadlines are approaching, says Samuel Finkelstein at LMD Trade Law.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q3

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    We are at an inflection point for Michigan financial services law, with a state Supreme Court decision recently overruling more than 25 years of precedent on the Michigan Consumer Protection Act, and pending legislation that could significantly shift the regulatory landscape, say attorneys and advisers at Dykema.

  • How Wells Notice Ruling Signals Future Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's recent opinion in a Financial Industry Regulatory Authority disciplinary proceeding is, on its face, a decision about the scope of FINRA's power, but it also illustrates how the SEC expects its own enforcement program to operate, say attorneys at Fridman Fels.

  • FinCEN Exemption Raises Statutory, Administrative Questions

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    The Financial Crimes Enforcement Network's recently rolled-out broad exemption for U.S. companies from Corporate Transparency Act reporting may face administrative law and statutory challenges, so businesses should still preserve ownership records and monitor litigation and congressional action, says David McCarville at Fennemore.

  • Opinion

    CFTC's New Award Policy Punishes Whistleblower Success

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    The U.S. Commodity Futures Trading Commission recently capped four whistleblower awards because it considered them too large, arguing that it could lead to frivolous reporting, but the move instead penalizes the program for its own success and flies in the face of the framework enacted by Congress, say attorneys at Whistleblower Partners.

  • Testing AI's Promise For Large-Scale Document Review

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    Our document-review comparison of attorneys' responsiveness and issue coding decisions versus predictions generated by artificial intelligence across 1,600 documents suggests that these tools can offer a reasonable and reliable basis for improved discovery workflows, provided lawyers understand where guardrails are needed, say attorneys at Redgrave.

  • What's Next For Prediction Markets If States Win At High Court

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    While the Supreme Court hasn't taken up a prediction market case yet, a high court win for the states in their quest to regulate the exchanges would likely mean a wave of state legislature bills and regulatory guidance arriving on different timelines, rather than a single uniform transition, says Howard Herndon at Bradley Arant.

  • FDIC Standards Body Could Ease Bank Vendor Due Diligence

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    The Federal Deposit Insurance Corp.'s recently proposed standards body for bank vendors could streamline due diligence and onboarding, but banks and their third-party service providers alike should still monitor open questions around oversight, certification costs and governance, say attorneys at Clark Hill.

  • AI Meeting Recaps Pose New Discovery And Privilege Risks

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    The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversations with artificial intelligence tools, reflects an emerging view that AI meeting recaps are now a distinct business record category, meaning counsel should set meeting-level controls and apply framework-level updates, says William Wright at Faegre Drinker.

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