Securities

  • May 01, 2026

    Crypto 'Wash Trading' Co. Employee Ordered To Self-Deport

    A California federal judge Friday ordered one of 10 foreign nationals accused of manipulating the cryptocurrency markets through "wash trading" to self-deport back to India after finding the 26-year-old man played a "relatively minor role" in the scheme, sentencing him to time already served.

  • May 01, 2026

    Investors Lose Contract Claims In Del. Over Stock Financing

    The Delaware Chancery Court has dismissed contract-based claims brought by early investors in materials science company Footprint International Holdco Inc., finding that they could not invoke the implied covenant of good faith and fair dealing to add protections to a governance agreement after a disputed financing allegedly wiped out much of the value of their preferred stock.

  • May 01, 2026

    Pharma Co. Investor Sues Over Misleading Aurinia Deal

    A Kezar Life Sciences investor has filed suit asking an Illinois federal judge to halt the company's planned acquisition by a Canadian biopharmaceutical company's U.S. unit unless Kezar fixes the "incomplete and misleading" regulatory filings it submitted regarding the transaction.

  • May 01, 2026

    Crypto Co. Seeks Sanctions For Depo Conduct In $8.1M Suit

    A cryptocurrency business that accuses a former trader of usurping $8.1 million in digital assets wants him sanctioned for his conduct during a deposition, saying he was coached by his attorney and intentionally gave ambiguous answers.

  • May 01, 2026

    Steel Firm Workers Get OK For $1.8M ESOP Deal, $600K Fee

    A Michigan federal judge has approved a $1.8 million class settlement resolving claims that trustees of a steel company employee stock ownership plan overpaid for company stock, finding the deal "fair, reasonable and adequate" and in the best interest of plan participants. 

  • May 01, 2026

    How Paul Clement Does It All

    For most lawyers, getting to argue before the U.S. Supreme Court is a once-in-a-lifetime event, but for a select few, it's a common occurrence. Clement & Murphy PLLC name partner Paul Clement is one of those lawyers. 

  • May 01, 2026

    Barclays Adds Ex-SEC Official From WilmerHale As New GC

    Barclays said Friday that it has hired a new general counsel who brings expertise as former vice chair and chair of WilmerHale's financial services department, along with years of financial and regulatory experience as a director at the U.S. Securities and Exchange Commission.

  • May 01, 2026

    SEC's Corp. Governance Shift Puts Onus On States, Cos.

    Lawyers who work with clients on corporate governance matters had a warm response to a recent pledge from U.S. Securities and Exchange Commission Chairman Paul Atkins to let states handle such issues, saying the shift marks a return to the agency's historical approach and may spur increased activity among state regulators.

  • May 01, 2026

    Humana Investor Suit Largely Survives Dismissal Bid

    Health insurer Humana can't shed proposed class action claims it misled investors about the financial impact it would see from pent-up demand for healthcare deferred amid the COVID-19 pandemic, a Delaware federal judge has determined.

  • April 30, 2026

    NYSE Ready To Start Tokenized Securities Pilot Program

    The New York Stock Exchange on Thursday said it's ready to launch a pilot program trading tokenized securities, in a notice to the U.S. Securities and Exchange Commission.

  • April 30, 2026

    Prediction Market Policing Getting 1st Test In Maduro Bet Case

    The insider trading case against a U.S. Army sergeant who helped plan the capture of Venezuelan President Nicolás Maduro presents a compelling test for the statutory tools the government can use to police prediction markets, and it sends a message there's more to come, former prosecutors say.

  • April 30, 2026

    Glass Lewis, ISS File More Suits Over State Proxy Laws

    Proxy advisory firms Glass Lewis & Co. LLC and Institutional Shareholder Services Inc. have sued the state attorneys general of Indiana and Kansas over laws the firms say are unconstitutional and impose burdensome requirements for issuing recommendations that go against corporate managers' wishes.

  • April 30, 2026

    Senate Dems Press Lutnick On Stablecoin Co.'s Loan To Trust

    Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., on Thursday told Commerce Secretary Howard Lutnick and the CEO of El Salvador-based Tether that they want information about the stablecoin company's reported loan to a trust benefiting Lutnick's four children.

  • April 30, 2026

    FirstEnergy Investor Class Recertified After 6th Circ. Remand

    An Ohio federal judge on Thursday recertified a class of FirstEnergy Corp. investors suing over the company's $1 billion bribery scandal, standing by his earlier ruling that plaintiffs adequately alleged misrepresentations following a Sixth Circuit remand of the case. 

  • April 30, 2026

    Gemini Gets CFTC Sign-Off To Clear Derivatives

    The Winklevoss-led Gemini said Thursday that the U.S. Commodity Futures Trading Commission has granted the crypto firm a license to act as a clearinghouse for derivatives contracts, marking a step forward in the build-out of its prediction market offerings among other derivatives products.

  • April 30, 2026

    Generac Beats Investor Suit Over COVID-Era Sales

    A Wisconsin federal judge on Thursday dismissed, with prejudice, a proposed securities class action accusing home generator company Generac Holdings Inc. and its top brass of failing to keep up with a surge in business during the COVID-19 pandemic, finding the investors failed to cure deficiencies in their prior complaint.

  • April 30, 2026

    Ariz. Bank Hit With Fraud Suit Over Merger Terms

    A Chicago investment fund has accused an Arizona-based community bank of duping shareholders of an Illinois savings and loan company into approving the institutions' $90 million merger, saying the offering materials touted an unachievable payout for investors.

  • April 30, 2026

    11th Circ. Won't Review SEC's $1M Penny Stock Case Win

    The Eleventh Circuit on Thursday denied a request by Spartan Securities and other defendants to reconsider an earlier ruling upholding a $1 million disgorgement award in a penny stock fraud case brought by the U.S. Securities and Exchange Commission.

  • April 30, 2026

    Acadia Investors Get Final OK For $179M Deal, Atty Fees

    A Tennessee federal judge has given final approval to a $179 million settlement between investors and Acadia Healthcare Co. Inc., ending a class action that alleged the company misled investors about the strength of its U.K. operations.

  • April 30, 2026

    Trump Order Aims To Help More Workers Save For Retirement

    President Donald Trump signed an executive order Thursday aimed at expanding workers' access to a low-cost retirement plan via a new government website, touting a $1,000 federal contribution match available under authority that Congress provided in a 2022 retirement law, the Secure 2.0 Act.

  • April 30, 2026

    Crypto Co. Fights Shkreli's Counterclaims In Album Case

    A cryptocurrency company suing "Pharma Bro" Martin Shkreli over ownership of a coveted Wu-Tang Clan album has asked a Brooklyn federal judge to dismiss his counterclaims, calling his claim seeking a declaration that he didn't steal trade secrets related to the album a "mirror image" of the company's claim saying he did.

  • April 30, 2026

    Tribes Back Michigan In Robinhood, Polymarket Betting Fight

    A coalition of tribal gaming groups and federally recognized tribes won permission on Thursday to file briefs backing Michigan officials in suits by Robinhood Derivatives LLC and Polymarket US over sports-related event contracts, arguing the companies' claims threaten to upend tribal-state gaming regulation and siphon revenue from tribal governments. 

  • April 30, 2026

    How Sullivan & Cromwell Won An $18B 'Bet The Country' Case

    It is not often that a Second Circuit ruling is hailed as "the greatest legal achievement in national history" by a country's president, but that's what happened after a team from Sullivan & Cromwell LLP persuaded the appellate panel to nix an $18 billion judgment against Argentina.

  • April 30, 2026

    NC Biz Court Bulletin: Corporate Raid, MV Realty Settlement

    A major case settled in the North Carolina Business Court in April as new lawsuits emerged, including a complaint by health information technology company IQVIA Holdings Inc. accusing its former top brass of orchestrating a corporate raid and defecting to a competitor. In case you missed this story and others, here are the highlights.

  • April 30, 2026

    Energy Co. Brass Accused Of $58M 'Pump And Dump'

    A stockholder has sued Enphase Energy Inc.'s top officers and directors in the Delaware Chancery Court, accusing them of misleading investors about weakening demand for the solar technology company's products while insiders allegedly sold more than $58.8 million in stock and the company spent nearly $907 million on allegedly inflated share repurchases.

Expert Analysis

  • Series

    Law School's Missed Lessons: The Human Element

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    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.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    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.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    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.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    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.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    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.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    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.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    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.

  • Series

    Podcasting Makes Me A Better Lawyer

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    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.

  • AG Watch: Ohio Targets DEI Policies

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    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.

  • Tax Court Ruling Signals Cross-Border Loan Scrutiny

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    The U.S. Tax Court’s recent decision in Aventis v. Commissioner compounds ongoing regulatory focus on debt originations and should prompt practitioners to assess their existing cross-border lending structures for potential exposure to U.S. federal income tax, say attorneys at Eversheds.

  • Del. Coinbase Outcome May Have Been Different In Texas

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    The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.

  • Why The NCUA's Stablecoin Moment Matters

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    The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • Share Repurchases Leave Cos. Susceptible To Litigation

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    Because share repurchases bring greater ownership, which typically brings greater voting power, they can have serious implications for corporate control, which can raise questions about the unpaid benefits to some shareholders and lead to securities class actions, says Amit Bubna at Bates White.

  • How The New Tariff Landscape May Unfold

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    To replace tariffs formerly imposed under the International Emergency Economic Powers Act, the administration will rely on a patchwork of statutes, potentially leading to procedural challenges and a complex tariff landscape with varying levels, durations and applicability, says Joseph Grossman-Trawick at King & Spalding.

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