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Securities
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									October 10, 2025
									ATyr Pharma Faces Investor Suit Over Failed Drug TrialRare disease biotech aTyr Pharma Inc. and its CEO have been hit with a proposed shareholder class action accusing them of misleading the public about the efficacy of aTyr's lung disease treatment for several months before announcing its trial had not yielded favorable results. 
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									October 10, 2025
									Justices Told SEC 'Dead Wrong' On Activist Investor SuitsAn activist investor has told the U.S. Supreme Court that a series of investment funds, with the backing of the U.S. Securities and Exchange Commission, are "dead wrong" to say it has no right to sue over their decision to dilute the investor's voting shares. 
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									October 10, 2025
									'LinkedIn For Doctors' Accused In Chancery Of Inflating DataA shareholder of a San Francisco-based networking company for healthcare workers filed a derivative suit Friday in the Delaware Chancery Court accusing the CEO and directors of overstating user engagement and deceiving investors. 
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									October 10, 2025
									SEC's Atkins Criticizes Del. As 'Uninterested' In IPO ReformU.S. Securities and Exchange Commission Chair Paul Atkins said he is "disappointed" by recent changes to Delaware law that he believes will drive up litigation costs for public companies and make the state seem "uninterested in reform" that would encourage more companies to file initial public offerings there. 
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									October 10, 2025
									Pharma Co. Escapes Suit Over Ex-CEO's Alleged MisconductExscientia PLC on Friday won dismissal of a proposed class action related to the termination of its CEO after claims emerged that he participated in inappropriate workplace relationships, with the court finding the investors failed to show that the company's statements about its culture and governance were anything more than puffery. 
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									October 10, 2025
									Mass. AG Says Robinhood Suit Can't Halt Enforcement ActionMassachusetts regulators say Robinhood is trying to make an "end run" around their efforts to enforce the Bay State's sports betting laws, in a motion asking a judge to toss the financial services platform's lawsuit against the state. 
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									October 10, 2025
									SEC Guidance Aims To Ease IPO Process During ShutdownAs the federal government shutdown lingers, the U.S. Securities and Exchange Commission has updated its guidance to advise companies on how they can still move forward with initial public offerings. 
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									October 10, 2025
									Edward Jones Fined $100K For 'Unreasonable' CommissionsEdward D. Jones & Co. LP has entered into a consent order with Connecticut's banking regulator, agreeing to pay a $100,000 fine and about $73,000 in restitution for charging "unreasonable" commissions to retail brokerage customers in the state. 
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									October 10, 2025
									Therapist Backs Out Of Plea In Patient Fund Fraud CaseA Massachusetts psychotherapist is seeking to back out of a plea deal in a case alleging he sent nearly $1 million of other people's money, more than half of it belonging to a patient, to cryptocurrency scammers. 
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									October 09, 2025
									Bessent Touts Trump's 'Community Bank Comeback' AgendaU.S. Department of the Treasury Secretary Scott Bessent on Thursday pledged a wide-ranging regulatory push to spur a "community bank comeback," previewing plans that include easing capital rules, updating anti-money laundering standards and supporting expanded deposit insurance. 
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									October 09, 2025
									Senate Crypto Bill Weakens State Fraud Protection, Experts SayState regulators and legal experts are urging leaders of the Senate Banking Committee to overhaul their draft crypto market structure legislation on the grounds that the current text would weaken state power to police fraud and protect investors in crypto markets and beyond. 
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									October 09, 2025
									Judge Scuttles CFTC Settlements In $21M Crypto Scam CaseA Florida federal judge has rejected a pair of proposed U.S. Commodity Futures Trading Commission settlements in a case alleging a $21 million crypto trading scheme, giving the short-staffed agency only a few days to explain why she shouldn't dismiss the allegations. 
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									October 09, 2025
									NJ Justices Probe Insurer's Role In $12M Settlement FightThe New Jersey Supreme Court zeroed in Thursday on how far insurers can go in reserving their rights without taking a definitive position on coverage, as Mist Pharmaceuticals LLC accused Berkley Insurance Co. of stonewalling a $12 million settlement by hiding behind ambiguity in its "capacity exclusion" clause. 
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									October 09, 2025
									Voyager Judge Won't Dismiss Contract Claims In Binance SuitA New York bankruptcy judge said Thursday he expected to deny a request by Binance.US to dismiss Voyager Digital's breach of contract claims stemming from a collapsed asset purchase agreement between the two cryptocurrency ventures. 
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									October 09, 2025
									WPP Faces Investor Suit Over AI-Focused StrategyCommunications holding company WPP PLC on Thursday was hit with a shareholder's proposed class action accusing it of overhyping the success of its artificial intelligence-based media arm amid increasing macroeconomic pressures. 
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									October 09, 2025
									Ally Securities Arm To Pay FINRA $850K Over Records LapsesBrokerage firm Ally Invest Securities LLC has agreed to pay the Financial Industry Regulatory Authority $850,000 to settle claims it did not review or maintain millions of relevant communications records between the firm and its customers due to its failure to take reasonable compliance measures and electronic system failures. 
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									October 09, 2025
									Vestis Shareholder Alleges Deception Before Aramark SpinoffExecutives and directors of uniform supplier Vestis Corp. were hit this week with a shareholder's derivative suit accusing them of concealing Vestis was underfunded prior to being spun off by food services giant Aramark in 2023, leaving Vestis unable to grow its revenue and retain customers. 
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									October 09, 2025
									Treasury Looks To Cut Suspicious Activity Reporting 'Noise'The U.S. Department of the Treasury's enforcement arm Thursday released clarifications about requirements related to suspicious activity reports, specifying among other things that financial institutions do not have to document their decisions not to file the reports. 
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									October 09, 2025
									Tivity Health Investors Seek Final OK Of $17M SettlementAn investor in fitness program administrator Tivity Health Inc. has asked a Nashville federal judge for a final nod for an over $17 million deal ending claims the company misled investors about its financial prospects after its $1.3 billion acquisition of troubled weight-loss meal delivery company Nutrisystem. 
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									October 09, 2025
									Mobile Game Co. To Pay $25M To End Chancery Investor SuitA China-based mobile gaming company has agreed to pay $24.75 million to settle a Delaware Chancery Court class action accusing it of engineering a $600 million share buyback that unfairly cemented its control of the company. 
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									October 09, 2025
									Colgate-Palmolive's $332M Pension Settlement Gets Initial OKA New York federal court granted initial approval to a $332 million settlement between Colgate-Palmolive and a class of pensioners who claimed the household products company shorted them on lump-sum retirement payouts, which comes after the parties mediated their dispute earlier this year. 
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									October 08, 2025
									FCC Tells Justices 5th Circ. Used Jarkesy To Gut EnforcementThe Fifth Circuit erroneously used a major U.S. Supreme Court decision curtailing U.S. Securities and Exchange Commission trials to "severely impair" Federal Communications Commission enforcement in the telecommunications industry, the FCC said in a petition urging the justices to resolve a new circuit split. 
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									October 08, 2025
									Semtech Gets Suit Over Revised Sales Projections TrimmedA California federal judge has trimmed shareholder claims against semiconductor supplier and cloud service provider Semtech Corp. in an investor suit alleging share prices for the company dropped and investors were hurt after it downgraded bullish sales expectations for a certain product portfolio it had earlier said would be used by chipmaker Nvidia. 
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									October 08, 2025
									Big Banks' Gain Could Be Small Banks' Pain, Fed's Barr SaysFederal regulators' plans to ease capital rules and other supervisory safeguards at big banks may jeopardize financial stability and leave community banks to pick up the pieces if something goes wrong, Federal Reserve Gov. Michael Barr warned in a speech Wednesday. 
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									October 08, 2025
									Cepton Accused By Investor Of Hiding Better Takeover BidLight detection and ranging technology company Cepton Inc. has been hit with a shareholder's proposed class action in California federal court, accusing it of concealing a third party's "credible" attempt to buy Cepton for more than double the amount Japan-based Koito Manufacturing Inc. paid to acquire it in January. 
Expert Analysis
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								Lessons From Liberty Mutual FCPA Declination  Liberty Mutual’s recent Foreign Corrupt Practices Act resolution with the U.S. Department of Justice signals that the Trump administration is once again considering such declinations after an enforcement pause, offering some assurances for companies regarding the benefits of voluntary self-disclosure, say attorneys at Paul Weiss. 
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								3 Rulings Show Hurdles To Proving Market Manipulation Fraud  Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale. 
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								Drafting M&A Docs After Delaware Corp. Law Amendments  Attorneys at Greenberg Traurig discuss how the March and June amendments to the Delaware General Corporation Law affect the drafting of corporate and M&A documents, including board resolutions, governing documents, and books and records demands. 
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								Advice For 1st-Gen Lawyers Entering The Legal Profession  Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength. 
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								Untangling 'Debanking' Exec Order And Ensuing Challenges  President Donald Trump's recent executive order on the practice of closing or refusing to open accounts for high-risk customers has heightened scrutiny on "debanking," but practical steps can help financial institutions reduce the likelihood of becoming involved in investigations, say attorneys at Winston & Strawn. 
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								Patterns And Trends In Publicly Filed Insider Trading Policies  An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise. 
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								Series Coaching Cheerleading Makes Me A Better Lawyer  At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan. 
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								How New Texas Law Targets ESG Proxy Advice.jpg)  A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell. 
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								Series Law School's Missed Lessons: How To Make A Deal  Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable. 
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								11th Circ. Ruling Shows Federal Question Jurisdiction Limits  The Eleventh Circuit's recent decision in AST Science v. Delclaux shows why it is extremely difficult for litigants to maintain a state law cause of action in federal court under Supreme Court precedent, says Paul Avron at Berger Singerman. 
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								From Clerkship To Law Firm: 5 Transition Tips For AssociatesExcerpt from Practical Guidance  Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler. 
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								Associates Can Earn Credibility By Investing In Relationships  As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron. 
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								How The Genius Act May Aid In Fight Against 'Pig Butchering'  The recently enacted Genius Act represents a watershed moment in the fight against crypto fraud, providing new tools to freeze and recover funds that are lost to scams such as "pig butchering" schemes executed from scam factories abroad, but there are implementation challenges to watch, say attorneys at Treanor Devlin. 
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								Traditional Venue Theories May Not Encompass Crypto Fraud  A New York federal court's recent decision in U.S. v. Eisenberg, overturning a jury verdict against a crypto trader on venue deficiencies and insufficient evidence, highlights the challenges of prosecutions in the decentralized finance space, and will no doubt curtail law enforcement's often overly expansive view of jurisdiction and venue, say attorneys at Venable. 
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								A Shifting Trend In FDA Form 483 Disclosure Obligations  A New York federal court's Checkpoint Therapeutics decision extends a recent streak of dismissals of securities class actions alleging that pharmaceutical companies failed to disclose U.S. Food and Drug Administration Form 483 inspection reports, providing critical guidance for companies during the FDA approval process, say attorneys at Alston & Bird.