Securities

  • September 18, 2026

    Cooley-Led Electra Therapeutics Prices Upsized $350M IPO

    Cooley LLP-advised Electra Therapeutics, a venture-backed biotech firm developing antibodies for immune diseases and cancer, began trading Friday after raising $350 million in an upsized IPO.

  • September 18, 2026

    Claims In Tech Exec's Stock Theft Suit Sent To Arbitration

    A New York federal judge has sent claims against a manager of lender W Management Services and agent SRT Capital SPC Ltd. to arbitration in a wide-ranging suit brought by an Aeva Technologies co-founder who alleges Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars.

  • September 17, 2026

    Ex-YPF Investors Take Argentina To ICSID Over 2012 Seizure

    The International Centre for Settlement of Investment Disputes has picked up a bid for arbitration by investors in Argentine oil and gas exploration company YPF SA, making good on their statement to a New York federal judge that they will arbitrate their claims over Argentina's nationalization of YPF.

  • September 17, 2026

    Immigration Attorney Wants SEC Sanctioned In EB-5 Case

    An immigration attorney and her firm asked a New York federal judge to sanction the U.S. Securities and Exchange Commission for failing to reasonably investigate an allegedly bogus unregistered securities claim it brought against them in an EB-5 immigrant investor case.

  • September 17, 2026

    Doximity Hit With Investor's Suit Over Ad Strategy Claims

    Medical professional networking platform operator Doximity Inc. was hit with a shareholder's proposed class action accusing it of concealing it was losing market share to its competitors and that its website did not rely on the "deep engagement" advertising strategy it had previously touted.

  • September 17, 2026

    Texas Judge Won't Block Voting Rule For Rick Perry's AI Co.

    A Texas business court judge has denied billionaire businessman Toby Neugebauer's bid to block a corporate governance measure at the artificial intelligence infrastructure company co-founded by former Texas Gov. Rick Perry, finding, among other things, Neugebauer has not shown he would suffer an injury absent relief.

  • September 17, 2026

    FDIC Pitches Plan For Faster Bank Merger Reviews

    The Federal Deposit Insurance Corp. moved Thursday to revamp its procedures for vetting bank mergers, floating a package of proposed changes that could speed up the agency's reviews for many transactions and lead to fewer getting held up over competition concerns.

  • September 17, 2026

    Sue To Stop AI Armageddon? Not So Fast, Attys Say

    As executives at leading artificial intelligence companies increasingly assert that their own technology could one day pose an existential threat to humanity, a natural question follows: If the risk is real, can anyone sue to stop it before disaster strikes?

  • September 17, 2026

    Appeals Court Skeptical Biz Court Is Wrong Place For Perot Suit

    Texas appellate judges seemed skeptical Thursday of a Dallas businessman's claim that the Texas Business Court doesn't have jurisdiction over his multimillion-dollar suit against Ross Perot Jr., saying the money at stake seems to make the case a fit for the Business Court.

  • September 17, 2026

    Dickinson Wright Denied Fees For SEC Trade Suspension Win

    The U.S. Securities and Exchange Commission has denied a request from Dickinson Wright PLLC for roughly $572,000 in attorney fees for its representation of Nano Magic in getting the company's COVID-19-era trading suspension overturned in 2024.

  • September 17, 2026

    Watchdogs Sue Trump Over Early Truth Social Post Access

    Two government watchdog groups are suing President Donald Trump and other high-ranking officials, claiming that their sale of early access to Trump's policy-focused Truth Social posts violates the First and Fifth amendments and only serves to enrich the president and his social media platform.

  • September 17, 2026

    Broker TradeZero Fined Over Data Breach Tied To Chatbot

    An unvetted chatbot and lax security policies allowed hackers to access personal and financial information of nearly 15,000 customers of online brokerage TradeZero America, the Massachusetts Securities Division said Thursday in announcing a $750,000 fine against the company.

  • September 17, 2026

    Inovalon Investors Reach $44M Deal Over $7.3B Take-Private

    Inovalon Holdings Inc. investors have agreed to a $44 million settlement to end their Delaware Chancery Court suit challenging the healthcare data company's $7.3 billion take-private sale to a Nordic Capital-led consortium, resolving claims that stockholders were misled about conflicts involving the deal's financial advisers.

  • September 17, 2026

    AppLovin Hit With Investor Suit Over AI Growth Claims

    Advertising solutions company AppLovin was hit with a shareholder's proposed class action accusing it of overstating the strength and utility of its artificial intelligence models and failing to disclose delays affecting a promised AI video tool.

  • September 17, 2026

    Holtec Nuclear Delays $750M IPO Citing Market Conditions

    Nuclear power plant equipment company Holtec Nuclear Corp. on Thursday said it has postponed an expected initial public offering advised by Gibson Dunn & Crutcher LLP.

  • September 17, 2026

    Alteryx Stockholders' 'Cleansing' Vote Dooms $4.4B Sale Suit

    The Delaware Chancery Court has dismissed a stockholder suit challenging the $4.4 billion sale of analytics software company Alteryx Inc. to private equity firms Insight Venture Management LLC and Clearlake Capital Group LP, finding that an overwhelming stockholder vote approving the deal wiped out the investors' fiduciary duty claims.

  • September 17, 2026

    StraightPath-Linked Stockbroker Gets 4.5 Years For Fraud

    A New York federal judge has sentenced a former Long Island stockbroker to 4.5 years in prison, after he admitted to duping investors as he and others hawked nearly $200 million of pre-initial public offering shares, including for fraud-ridden vendor StraightPath.

  • September 17, 2026

    For Single-Party FTC, Easier Suits May Come With A Cost

    The Federal Trade Commission has ditched its historical multimember, multiparty ethos for a one-party regime in which fewer dissents might make it easier for Chairman Andrew Ferguson to pursue his agenda, but it also forecloses the potential "moderating influence" that comes with winning broad buy-in from commissioners of two parties.

  • September 17, 2026

    SEC Issues Innovation Exemption For Tokenized Stock Trading

    The U.S. Securities and Exchange Commission on Thursday unveiled its long-awaited innovation exemption, permitting certain crypto projects and liquidity providers to support tokenized stock trading for a five-year period without registering as exchanges or dealers.

  • September 16, 2026

    Fecal Testing Startup Founders Reach $250K Deal With SEC

    Two founders of a now-shuttered fecal testing startup have agreed to pay $125,000 each to put to rest the U.S. Securities and Exchange Commission's allegations that they used a fraudulent insurance billing scheme to get $60 million from investors, according to an announcement made Wednesday.

  • September 16, 2026

    Grocery Outlet Escapes Investor Suit Over IT Update Risks

    A California federal judge on Wednesday tossed an investor's proposed class action accusing Grocery Outlet Holding Corp. of botching the implementation of an enterprise resource planning system that caused disruptions and financial losses, saying the suit does not show the company's disclosures were misleading or deficient.

  • September 16, 2026

    CFTC Probing Carbon Credit Markets, Enforcement Chief Says

    U.S. Commodity Futures Trading Commission Enforcement Director David Miller said Wednesday that the division is investigating carbon credit markets as part of his agency's commitment to policing fraud in emerging markets.

  • September 16, 2026

    FTX Exec's Wife Headed For Spring Campaign Finance Trial

    A Manhattan federal judge on Wednesday set a new trial date for a crypto-lobbyist/attorney turned Republican congressional candidate who's accused of plotting with her husband, jailed former FTX executive Ryan Salame, to take illegal campaign cash from the bankrupt exchange.

  • September 16, 2026

    State Bank Supervisor Group Issues AI Exam Framework

    The Conference of State Bank Supervisors on Wednesday unveiled a new oversight framework for artificial intelligence at financial firms, rolling out resources aimed at giving state examiners a common roadmap for reviewing how their regulated institutions are deploying the technology.

  • September 16, 2026

    Fla. Panel Revives Suit Claiming Soccer Club Investment Lies

    A Florida state appellate court on Wednesday revived an investor's lawsuit alleging he was misled into contributing $2 million to a digital technology company after believing it would serve as a vehicle to purchase an English professional soccer team, saying his fraudulent inducement-related claims were dismissed too quickly.

Expert Analysis

  • Preparing For Next Congress With Eye On Investigation Risk

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    Rod Rosenstein, Brian Whisler and Bruce Linskens at Baker McKenzie offer advice for organizations seeking to build a proactive response plan to potential congressional oversight as the election looms.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • Tips For Investors, Creditors Before Venezuela Restructuring

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    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

  • Fed Autonomy Rests On Narrow Exception After Justices Rule

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    The U.S. Supreme Court’s recent decisions in Trump v. Cook and Trump v. Slaughter expand presidential removal power while temporarily preserving the Federal Reserve’s independence, but there is uncertainty about which of the Fed’s authorities fall within the court’s narrow monetary-policy exception, says Keith Bradley at Squire Patton.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

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    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

  • Opinion

    Shareholder Derivative Litigation Needs A Better Framework

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    Uncoordinated, multiforum shareholder derivative litigation is a growing issue for corporate defendants that have little to no recourse for organizing and consolidating actions, but several commonsense steps should be utilized to preempt such disputes, say attorneys at Sullivan & Cromwell.

  • Del. Dispatch: The New 'Director Independence' Definition

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    The Delaware Court of Chancery's recent decision in Ayers v. Foley, its first interpretation and application of "director independence" as outlined in Section 144 of the Delaware General Corporation Law, suggests that the court will not limit the new section's reach, say attorneys at Fried Frank.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

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    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • 2 AI Washing Rulings Apply Familiar Securities Fraud Rules

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    Two recent federal court decisions to allow AI washing complaints to proceed begin to clarify the line between nonactionable optimism and actionable misstatements by framing the core issue as not overstating the promise of artificial intelligence, but misrepresenting the current state of a company's products, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

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