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Securities
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April 07, 2026
Winston & Strawn Adds White Collar Duo From McDermott
Winston & Strawn LLP announced Tuesday that it is beefing up its white collar defense and government investigations practice in Washington, D.C., and New York with the addition of two former McDermott Will & Schulte partners, who each have years of compliance experience.
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April 07, 2026
Prediction Markets Tumbling Toward Supreme Court
The vast expanse of litigation over sports offerings on prediction markets was jolted by a Third Circuit decision in favor of Kalshi this week, likely further speeding the issue's already fast track to the U.S. Supreme Court.
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April 07, 2026
Upstart Misled Investors On AI Model's Accuracy, Suit Alleges
An investor of cloud-based artificial intelligence lending platform Upstart Holdings Inc. hit the company and its top brass with a proposed class action Tuesday, alleging they misrepresented the accuracy of the company's AI model and how it was affecting Upstart's revenues and growth.
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April 07, 2026
Delaware Chancery OKs $190M Meta Privacy Settlement
The Delaware Chancery Court on Tuesday approved a $190 million settlement resolving long-running stockholder claims that Meta Platforms Inc. mishandled user privacy and board oversight in the wake of the Cambridge Analytica scandal, closing out a case that had stretched more than seven years and reached the second day of trial.
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April 07, 2026
Biogen, Investors Reach Deal In Alzheimer's Drug Litigation
A class of investors has reached a deal with Biogen Inc. to avoid a trial and resolve a suit over statements executives made as they launched an Alzheimer's drug, according to a Tuesday filing in Massachusetts federal court.
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April 07, 2026
3rd Circ. Affirms NJ Man's Conviction For $40M Tax Fraud
A jury was right to convict a New Jersey man who made $40 million from filing false tax returns in a countrywide securities fraud scheme, the Third Circuit found in upholding the conviction, saying his arguments were not compelling enough to reverse the guilty verdict.
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April 07, 2026
Law Profs Back Boeing In 7th Circ. Bid To Void 737 Max Class
Law professors have told the Seventh Circuit that an Illinois district court improperly certified a class of investors alleging Boeing misrepresented the 737 Max 8 jets' safety after two deadly crashes in 2018 and 2019, saying there's been a "troubling" pattern of courts blessing classwide damages theories backed by zero evidence.
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April 07, 2026
ImmunityBio Filmmaker Traded On Insider Tip, SEC Says
A documentary filmmaker who worked for ImmunityBio Inc. will pay the U.S. Securities and Exchange Commission over $332,000 to end claims she scrambled to sell off her stake in the biotechnology company as it prepared to announce disappointing news about a pending drug application.
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April 07, 2026
Hormel Foods Faces Class Cert. Bid In Retirement Fund Suit
An ex-worker for Hormel Foods Corp. asked a Minnesota federal judge to certify a class in his federal benefits lawsuit alleging the company failed to remove high-cost investment options with poor return rates from its $1.2 billion in employee retirement plans.
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April 07, 2026
Firstrust Savings Bank Can't Nix 401(k) Mismanagement Suit
A former Firstrust Savings Bank worker adequately supported his claims that employees lost millions because they had to invest a portion of their savings in the bank's underperforming proprietary fund, a Pennsylvania federal judge ruled, denying the bank's motion to dismiss the proposed Employee Retirement Income Security Act class action.
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April 07, 2026
Insider Trading Case Unscathed By US Atty Office Shake-Up
A federal judge rejected a motion to dismiss the insider trading prosecution of a Garden State broker-dealer's ex-partner, ruling that questions about the leadership of the U.S. attorney's office in New Jersey, including findings that prior supervisory appointments were unlawful, do not taint the indictment or require disqualification of the case prosecutors.
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April 07, 2026
Investor Says Nuclear Waste Co. Botched Vote, Curbed Rights
A nuclear and radiological waste management company stockholder has filed an amended class action in the Delaware Chancery Court accusing the company's board of miscounting votes on a key equity proposal and later adopting bylaws that unlawfully restrict shareholder rights.
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April 06, 2026
Musk Slams 'Premature' Judgment After Twitter Stock Verdict
Elon Musk objected Friday to a California federal judge entering judgment against him following a securities fraud verdict over tweets about his $44 billion Twitter acquisition, arguing there are still numerous unresolved issues and entering a final judgment on a classwide basis at this stage is "premature and improper."
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April 06, 2026
Judge Won't Alter $631K SEC Penalty Against Atty
A Connecticut attorney found liable for violating securities laws as a part of an alleged sham merger agreement can't get his $631,000 penalty modified after a Boston federal judge rejected the attorney's argument that the penalty sum reflects an unjust "double-count[ing]" error.
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April 06, 2026
Crypto Lobby Pushes Back On Call For Rules, Not Exemptions
The Blockchain Association on Monday urged the U.S. Securities and Exchange Commission to stay the course on its plans to issue exemptions for crypto projects, firing back at Citadel Securities' assertions that decentralized projects should broadly face the same obligations as traditional SEC-regulated intermediaries.
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April 06, 2026
JPMorgan's Dimon Has 'Mixed' Feelings On Capital Revamp
The head of the nation's largest bank on Monday raised doubts about the Trump administration's plan to overhaul bank capital rules, casting it as an improvement on a Biden-era draft while saying it still includes some "frankly nonsensical" aspects.
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April 06, 2026
Trump Admin Seeks $25M FinCEN Budget Boost
The Trump administration's latest budget plan calls for a more than 13% increase in spending for the Financial Crimes Enforcement Network, with nearly half of its total requested staffing increase for the agency slated for positions focused on deregulation related to the Bank Secrecy Act.
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April 06, 2026
VNET Investors Ink $6M Deal Over Post-Default Downturn
Investors of China-based internet and data center service provider VNET have asked a New York federal judge to preliminarily approve a $5.9 million deal to end claims that the company concealed its founder's default on a loan agreement he entered into with another company using his personal shares of VNET.
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April 06, 2026
SEC Reaches $6.6M Deal In Data Center Investment Scheme
The U.S. Securities and Exchange Commission said Monday that it reached a $6.61 million settlement with a Texas man who it says raised $6.67 million from roughly 200 investors through an unregistered securities offering built on false claims.
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April 06, 2026
Chewy Investor Settles Suit Against BC Partners For $29.5M
A Chewy Inc. investor has brokered a $29.5 million deal with BC Partners that, if finalized, would settle the investor's derivative suit that alleged BC Partners saddled Chewy investors with potential tax liabilities following a financially unfair downstream merger involving PetSmart Inc., the parties told the Delaware Chancery Court on Monday.
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April 06, 2026
Charter Brass Hid Impact Of FCC Subsidy Losses, Suit Says
Executives and directors of Charter Communications have been hit with a shareholder's derivative suit accusing them of inflating the company's share prices by concealing its ability to offset internet customer losses after the end of the Federal Communications Commission's pandemic-era Affordable Connectivity Program, which 5 million of its customers had enrolled in.
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April 06, 2026
Dick's Sporting Goods Gets Investor Suit Trimmed Further
A Pennsylvania federal judge has further narrowed a shareholder class action accusing Dick's Sporting Goods of misleading investors about inventory levels and losses because of theft after the COVID-19 pandemic, disagreeing with a magistrate judge on the actionability of some of the suit's challenged statements.
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April 06, 2026
Colo. Justices OK Copied Claims If Lawyers Check Facts
The Colorado Supreme Court ruled Monday that copying allegations from other litigation isn't alone a violation of the Colorado Rules of Civil Procedure, so long as attorneys conduct a "sufficient investigation" into the allegations prior to filing a complaint.
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April 06, 2026
M&T Beats Investor Suit Over Delayed $3.7B Hudson Merger
M&T Bank Corp. has beaten investor claims that it hid regulatory problems that led to delays in its $3.7 billion merger with Hudson City Bancorp Inc., with a federal judge in Delaware finding that investors failed to show M&T made material misrepresentations or omissions.
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April 06, 2026
REIT Investor Attys Get Fee Award In $7.1M Settlement
Attorneys at Rolnick Kramer Sadighi LLP and Woods Rogers Vandeventer Black PLC will receive a fee of nearly $2 million after brokering the $7.1 million settlement of claims that a real estate investment trust's insiders left the company's common stock diluted by "disastrous" stock redemption decisions.
Expert Analysis
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CFTC's No-Action Relief Fuels Energy Market Competition
The U.S. Commodity Futures Trading Commission recently launched a pilot program aimed at expanding access to energy markets, reflecting a shift toward supporting robust derivatives markets that balance regulatory safeguards with the needs of commodity end users, say attorneys at Moore & Van Allen.
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Opinion
Clarity Act Would Clear Welcome Pathways For Blockchain
The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.
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6 Noteworthy Changes From SEC Enforcement Manual Update
Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.
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Series
Coaching Soccer Makes Me A Better Lawyer
Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.
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What Texas Anti-Boycott Ruling Means For ESG Landscape
A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.
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How To Wield The Clarity Act As A Litigation Defense Tool
The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.
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Series
Law School's Missed Lessons: The Human Element
Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.
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How DExit, Mandatory Arbitration Could Alter IPO Outlook
As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.
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Why Prediction Market Regulation Is At Major Inflection Point
As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.
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The Benefits Of Choosing A Niche Practice In The AI Age
As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.
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Risk Disclosure Lessons For AI Cos. From Dot-Com Era
Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.
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The Practical Implications Of New FDIC Stablecoin Measures
The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.
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What The CFTC's Event Contracts Amicus Brief Is Missing
The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.
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Series
Podcasting Makes Me A Better Lawyer
Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.
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AG Watch: Ohio Targets DEI Policies
As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.