Securities

  • October 30, 2026

    Kalshi Taps Clement For High Court Sports Contracts Fight

    Kalshi has hired appellate heavyweight Paul D. Clement of Clement & Murphy PLLC to represent the company in its potential U.S. Supreme Court battle over whether the prediction markets platform's sports wagering is subject to state or federal oversight.

  • October 30, 2026

    Real Estate Investors Say Deceit Tanked Conn. Projects

    A group of investors living in Israel is demanding to know what happened to the millions of dollars it put into three Connecticut properties that decayed and fell into foreclosure, bringing a contract and fraud suit Friday against the managing member of the underlying corporate entities.

  • October 30, 2026

    Hedge Fund Exec Fights $40M In IRS Foreign Reporting Fines

    A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative rules in imposing fines linked to his bankrupt Texas tycoon father's international accounts.

  • October 30, 2026

    Racing Mogul's Estate Asks Tax Court To Ax $58M Tax Bill

    An automobile racing mogul's estate asked the Tax Court to spike a $58.3 million estate tax deficiency, alleging that the IRS erred in revaluing its equity holdings.

  • October 30, 2026

    Judge Won't Free Pierce Atwood Of Investor's Malpractice Suit

    Pierce Atwood LLP failed to win dismissal of a lawsuit from a Ukrainian oligarch who says the firm's advice led to a $1.85 million judgment against him in investor litigation over the liquidation of now-insolvent genetic testing company Pathway Genomics Corp.

  • October 29, 2026

    Connecticut Trader To Pay $910K To Settle SEC Fraud Claims

    A Connecticut trader and his firm agreed Thursday to pay over $900,000 to the U.S. Securities and Exchange Commission to resolve claims that they made Ponzi-like payments to investors and misled them about trading returns and pre-initial public offering holdings.

  • October 29, 2026

    Binance Says It's Not Liable For Alleged Crypto Laundering

    Binance has asked a Florida federal judge to dismiss a consolidated suit accusing it of failing to prevent stolen funds from being moved through its platform, saying that even if it identified the suspicious transactions and reported them, that wouldn't have stopped criminals from stealing the crypto.

  • October 29, 2026

    Investors Awarded $3M Over Miscalculated Oil Co. Warrants

    A Delaware Chancery Court judge ruled Thursday that QuarterNorth Energy Inc. owes investors led by Mudrick Capital Management LP and Ellington Management Group about $3 million after the oil producer miscalculated warrant adjustments following a $200 million dividend.

  • October 29, 2026

    SEC Claims Crypto Firms' Bogus Filings Fueled $130M Scam

    The U.S. Securities and Exchange Commission hit BG Wealth Sharing Ltd. and crypto-platform DSJ Exchange Pty Ltd. with a civil lawsuit in California federal court Thursday, alleging their scam investment apps defrauded investors out of $130 million by posing as the "world's largest hedge fund" and submitting bogus SEC filings.

  • October 29, 2026

    SEC Reopens $200M Debt Box Case After Sanctions

    The U.S. Securities and Exchange Commission has reopened a $200 million crypto Ponzi scheme case that landed it in hot water two years ago, saying that the individuals behind the company known as Debt Box misled investors into believing that they were spending on real-world projects.

  • October 29, 2026

    Cooley-Led Kalshi Hits $40B Valuation With $1B Series G

    Betting platform Kalshi, advised by Cooley LLP, on Thursday revealed that its valuation skyrocketed to $40 billion after it wrapped its latest fundraising round with $1 billion of investor commitments.

  • October 29, 2026

    Utah Hits Kalshi With Criminal Charges Over Sports Offerings

    Utah has brought criminal charges in state court against Kalshi and its co-founders under its anti-gambling laws, amid an ongoing jurisdictional battle over whether federal law preempts state and tribal regulation of the prediction market platform's sports event contracts.

  • October 29, 2026

    Treasury Asked To Narrow Crackdown On Fund Strategies

    The U.S. Treasury Department should develop targeted rules distinguishing abusive transactions from long-standing investment management practices in new enforcement that scrutinizes novel strategies exploiting the tax benefits of certain investment vehicles and financial products, firms and organizations told the department.

  • October 29, 2026

    Block Investors Win Cert. In Biz Growth, Compliance Suit

    A California federal judge has certified a narrowed class of investors in Block Inc., the parent company of Square and Cash App, in a suit alleging the company failed to maintain a "strong compliance infrastructure" and misled investors about the growth of Cash App, leading to an 84% stock price decline once the truth came to light.

  • October 29, 2026

    Judge Seems Unswayed By Fears SEC Seeks 'Enemies List'

    A Pennsylvania federal judge on Thursday appeared reluctant to block the U.S. Securities and Exchange Commission's subpoena seeking information about voting advice that proxy adviser Institutional Shareholder Services gives to institutional investors despite ISS' concerns about political retaliation.

  • October 29, 2026

    Fla. REIT Entity Seeks OK To Settle Texas Foreclosure Suit

    A bankrupt Florida-based real estate investment trust's entity and two other companies have asked a Florida bankruptcy court to approve their settlement in a Texas state court lawsuit that involved multiple foreclosed properties in the Texas city of Humble.

  • October 29, 2026

    PCAOB To Consider Easing Path To Semiannual Reporting

    The Public Company Accounting Oversight Board announced Thursday that it could soon alter its regulations in a way that could make it easier for companies to choose semiannual reporting should the U.S. Securities and Exchange Commission adopt those changes to the public-company reporting schedule.

  • October 29, 2026

    Delaware Chancery Keeps $8.9B R1 RCM Buyout Claim Alive

    The Delaware Chancery Court has ruled that private equity firm TowerBrook Capital Partners LP and health system Ascension Health Alliance must face a stockholder claim challenging healthcare revenue management venture R1 RCM Inc.'s $8.9 billion take-private deal, finding that their joint investment vehicle qualified as a controlling stockholder despite owning less than one-third of the company's voting shares.

  • October 29, 2026

    MoFo Adds 2 Paul Weiss Attys, Including Biz Litigation Leader

    Morrison Foerster announced the addition of two litigators from Paul Weiss Rifkind Wharton & Garrison LLP on Thursday as partners in New York, including a returning partner who will lead the firm's business litigation and disputes team.

  • October 28, 2026

    CFTC's Selig Vows 'Grounded' Oversight Of Agentic Finance

    U.S. Commodity Futures Trading Commission Chairman Michael Selig said Wednesday that his agency plans to take a "grounded" approach to agentic finance that's also mindful of the risks it poses and courted industry feedback on how to address the rise of artificial intelligence in derivative markets.

  • October 28, 2026

    PayPal's Financial Offerings Are Under Fresh FTC Scrutiny

    PayPal has disclosed that it is facing a Federal Trade Commission investigation into its financial products and services, including marketing, fees and purchase protections.

  • October 28, 2026

    Missouri, Louisiana Sued By Prediction Market Giants

    Missouri and Louisiana are the latest states to become embroiled in litigation with event contract platforms, after Kalshi and Polymarket sued them, respectively, to prevent pending enforcement action.

  • 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.

Expert Analysis

  • What Lawyers Should Know Before Accepting Crypto Payment

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    As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

  • Where The 3 Prediction Market Appellate Rulings Diverge

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    Although the recent Third, Sixth and Ninth Circuit opinions concerning prediction markets overlap on some issues, they differ on key statutory questions, deepening a circuit split over both the classification of sports event contracts and the scope of federal preemption, says Levi Giovanetto at Sheppard.

  • Series

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

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    California's financial regulators spent the third quarter of 2026 focusing on consumer protection enforcement at home while resisting federal efforts to displace state oversight — reinforcing the state's intention to shape the compliance landscape for institutions operating within its borders despite federal deregulatory trends, say attorneys at Ropes & Gray.

  • How AI Is Reshaping The Structure Of Crypto Venture Deals

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    As founders at the intersection of crypto and artificial intelligence increasingly face capital-raising quandaries, parties structuring crypto venture deals should weigh how equity, token and hybrid financings allocate value to avoid tricky contractual governance and fiduciary law questions down the line, say attorneys at Cahill Gordon.

  • How States May Enter The Shareholder Proposal Landscape

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    Rescission of the U.S. Securities and Exchange Commission's shareholder proposal rule doesn't herald the end of shareholder activism, but it allows state legislatures to play a central role in determining the future of shareholder proposals, with that uncertainty creating new opportunities for both issuers and activists, say attorneys at Thompson Coburn.

  • Series

    Mentalism Makes Me A Better Lawyer

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    Convincing strangers I can read their minds may seem like an unusual second career for a legal practitioner, but both disciplines share several important requirements, including trust and preparation, says Warren Biro at Manatt.

  • 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.

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