Securities

  • September 10, 2026

    Drone Co., Ex-VP Reach Deal Resolving Pay, Sabotage Claims

    A company that makes emergency response drones and its former vice president of sales have settled a dispute in which the executive alleged he was stiffed on pay and the company accused him of trying to sabotage its business, court records show.

  • September 10, 2026

    SEC Must Police Some Event Contracts: Citadel Securities

    Citadel Securities told federal derivatives and securities regulators that the U.S. Securities and Exchange Commission should take the lead on oversight of event contracts and other wagers when they're linked to public companies or equities.

  • September 10, 2026

    Ill. Bond Trader Gets 16 Years For $30M Firm-Tanking Fraud

    A former Illinois bond trader who was convicted of a $30 million fraud scheme that shuttered his Atlanta-based former employer has been sentenced to more than 16 years in federal prison, according to case filings entered Thursday.

  • September 10, 2026

    Deutsche Bank Says Viks Seek To Delay Norway Case Fight

    Deutsche Bank AG has urged a Connecticut state court to reject a request by billionaire Alexander Vik and his daughter to hold two trials as they seek an anti-suit injunction, arguing that they are just trying to extend a court-ordered block on litigation in Norway despite a recent appellate decision gutting the rationale for the injunction.

  • September 10, 2026

    PwC Will Pay $96M To Settle Valeant Investor Class Claims

    PricewaterhouseCoopers LLP has agreed to pay $96 million to end a long-running securities fraud suit over an alleged market manipulation scheme by Bausch predecessor Valeant Pharmaceuticals, the plaintiffs told a New Jersey federal court Thursday.

  • September 10, 2026

    Roblox Brass Seek Exit From Insider Trading, Child Safety Suit

    Roblox Corp. directors and executives urged Delaware's chancellor on Thursday to dismiss a stockholder derivative suit accusing them of insider trading and failing to protect children on the video gaming platform, arguing that the board consistently monitored safety risks and that insiders did not trade on material nonpublic information.

  • September 09, 2026

    Defunct Tax Startup CEO Charged In $13.3M Investor Fraud

    The CEO of a defunct tax-compliance startup has been arrested on fraud charges based on allegations she defrauded investors out of more than $13 million by lying about her credentials and her company's revenues, the U.S. Department of Justice said Wednesday.

  • September 09, 2026

    Kalshi Seeks Rehearing After 9th Circ. Loss

    Kalshi on Wednesday asked the Ninth Circuit to rehear its dispute with Nevada regulators, arguing the appeals court miscast its sports event contracts as sports bets in an August opinion that cleared the way for the state's gaming regulators to pursue the prediction market platform.

  • September 09, 2026

    Crypto Org. Taps Prelogar To Back CFTC's Side In Perps Fight

    A crypto policy group advocating for perpetual derivatives markets hired former U.S. Solicitor General Elizabeth Prelogar to pen a brief backing the U.S. Commodity Futures Trading Commission's approval of bitcoin perpetual contracts as the agency fights a challenge from the Chicago Mercantile Exchange.

  • September 09, 2026

    Court Lets Stand Exxon Win In Decade-Old Securities Case

    A Texas federal judge denied a motion by a class of Exxon Mobil Corp. investors seeking a new trial in a 10-year-old securities class action claiming the energy giant misled shareholders, saying Wednesday that the company's closing arguments did not prejudice the jury.

  • September 09, 2026

    AI Travel Firm Brass Accused Of Misleading Investors

    Executives and directors of business travel technology firm Navan have been hit with a shareholder's derivative suit accusing them of misleading investors about the company's profitability and AI-driven business model in the registration statement for its initial public offering. 

  • September 09, 2026

    Klarna Wants Out Of Investor Action Over Loan Risks

    Payments company Klarna Group PLC has asked a New York federal court to dismiss it from an investor suit accusing it of damaging shareholders by failing to disclose losses associated with its "buy now, pay later" loans ahead of its 2025 initial public offering, saying its projections were neither inaccurate nor misleading.

  • September 09, 2026

    Ex-Nikola CEO's Pardon Doesn't Let Him Beat Investor Suit

    The presidential pardon Nikola founder Trevor Milton received for his criminal conviction on securities fraud charges does not bar him from facing similar civil claims alleging he and the electric-vehicle startup exaggerated the viability of the company's prospects, an Arizona federal judge ruled.

  • September 09, 2026

    Dentsply Investor Suit Over Pandemic Woes Lined Up For Trial

    Dental health products supplier Dentsply Sirona is set to face trial over claims that it misled investors about the extent of its pandemic-era woes after a New York federal judge largely denied the company's bid to defeat a shareholder class action.

  • September 09, 2026

    Biz Group Says Centene 401(k) Suit Threatens Investor Choice

    The U.S. Chamber of Commerce supported Centene Corp.'s effort to toss a suit claiming it mismanaged its $4.7 billion retirement plan through excessive management fees and opaque trusts, arguing the suit is improperly attempting to cast certain investment vehicles as inherently untrustworthy.

  • September 09, 2026

    Unions, Feds Reach Deal In Gov't Shutdown Layoffs Suit

    A coalition of unions has reached a settlement in principle with the Trump administration resolving litigation in California federal court challenging layoffs at federal agencies during the 2025 government shutdown, pending approval from the U.S. Department of Justice.

  • September 09, 2026

    Labaton Reboots Whistleblower Practice With Ex-SEC Chair

    Investor-side firm Labaton Keller Sucharow LLP has tapped two former U.S. Securities and Exchange Commission veterans to lead a new practice representing whistleblowers before the SEC and other federal regulators, reviving a service that the firm provided five years ago.

  • September 09, 2026

    Kalshi Can't Keep Iowa Gaming Regulators At Bay

    An Iowa federal judge has declined to shield Kalshi from the state's gambling watchdog, voicing skepticism that the prediction market platform's sports event contracts should be federally regulated as swaps.

  • September 09, 2026

    Va. Judge Tosses Bulk Of EB-5 Investors' Fraud Suit

    A Virginia federal judge has nixed multiple claims lodged by a group of 14 Vietnamese EB-5 project investors against a law firm and other parties that allegedly refused to provide investment refunds for a "doomed" hotel redevelopment project.

  • September 08, 2026

    Parler Legal Dustup Revealed Rifts, Jury Hears From Ex-CEO

    Parler's ousted CEO testified Tuesday in his trial against former partner Rebekah Mercer that in 2020, her lawyers' pushback on restructuring provisions recommended by Parler's lawyers was an early clue that "something didn't seem right."

  • September 08, 2026

    Underdog Sues 5 States To Shield Sports Wagers

    Prediction market operator Underdog sued five states Tuesday to head off potential gambling enforcement actions over its sports event contracts, becoming the latest firm to argue its federally-regulated platform is beyond the reach of state gaming laws.

  • September 08, 2026

    Freddie Mac Asks 6th Circ. To Rehear Financial Crisis Case

    Freddie Mac is urging the Sixth Circuit to reconsider its recent revival of a shareholder lawsuit dating to the 2008 financial crisis, arguing an appellate panel "usurped" the lower court's authority by allowing investors to argue for class certification a third time.

  • September 08, 2026

    Gaming Group Says CFTC Can't Override NY's Gambling Laws

    The American Gaming Association has pushed back against efforts by the U.S. Commodity Futures Trading Commission to permanently bar New York from cracking down on prediction markets, arguing that states are responsible for tailoring sports betting rules for their communities.

  • September 08, 2026

    10th Circ. Won't Block Utah Enforcement Amid Kalshi Appeal

    A pair of Tenth Circuit judges on Tuesday declined to shield Kalshi from Utah gaming regulators while it challenges a lower court ruling that cleared the way for the state to enforce its gambling laws against the firm's sports event contracts.

  • September 08, 2026

    Binance Seeks Dismissal Of Terrorist Attack Victims' Suit

    Binance and its former CEO pushed a federal judge in Manhattan to dismiss a lawsuit claiming the cryptocurrency exchange aided and abetted 30 terrorist attacks, saying the plaintiffs still couldn't plausibly allege that the company provided knowing and substantial assistance to foreign terrorist organizations.

Expert Analysis

  • How Treasury's Stablecoin Test Will Shape State Oversight

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    The Treasury Department's recently proposed principles for judging whether state stablecoin regimes are "substantially similar" to the federal framework signal that issuers should expect stricter benchmarking against the bank agencies' standards, limited state flexibility and heightened pressure to reassess compliance as rules take shape, say attorneys at Baker McKenzie.

  • Operational AI Washing: A New Securities Class Action

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    In rising claims of operational AI washing — plaintiffs alleging that artificial intelligence was invoked to explain corporate business decisions in ways that may obscure underlying financial distress — earnings calls, restructuring disclosures and board-level communications will serve as key defense evidence, say attorneys at Akerman.

  • Where The Preemption Fight Over Prediction Markets Stands

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    While the Third Circuit's recent ruling in Kalshi v. Flaherty remains a significant win for the federal government in its quest to regulate prediction markets, the Fourth, Sixth and Ninth Circuits appear more skeptical, indicating that this fight is likely headed for the Supreme Court, says Johnny ElHachem at Holland & Knight.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • Binance Win Shows Constraints On Anti-Terrorism Act Claims

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    The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.

  • Understanding The Insider Trading Gap In Prediction Markets

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    While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

  • The Growing Importance Of Nature-Related Disclosures

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    The International Sustainability Standards Board's recent vote to develop nonmandatory nature‑related disclosure guidance reduces immediate compliance pressure, but it does not eliminate the practical relevance of such risks for companies that already prepare sustainability reports or operate across jurisdictions with differing expectations, say attorneys at ArentFox Schiff.

  • Expect US Enforcers' Cartel Crackdown To Continue

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    Since agencies’ coordinated enforcement efforts targeting cartel-related activity have not slowed, U.S. companies in Latin America should assess new business lines for designated-cartel ties, scrutinize highest-risk third parties, and enhance training and internal investigation practices, say attorneys at Miller & Chevalier.

  • How To Limit Accounting Fraud Risk As SEC Focus Persists

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    Despite the U.S. Securities and Exchange Commission's pullback on crypto, cybersecurity and recordkeeping cases, accounting fraud remains a core enforcement priority, making it important for public companies and auditors to strengthen controls, investigations and whistleblower processes, say attorneys at Pillsbury.

  • The Ethics And Practicalities Of Representing AI Agents

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    With autonomous artificial intelligence agents now able to take action without explicit instructions from — or the awareness of — their human owners, the bar must confront whether existing frameworks like informed consent and client privilege will be sufficient on the day an AI agent calls seeking counsel, say attorneys at Morrison Cohen.

  • OCC Proposal Frames Key Genius Act Implementation Issues

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    The Office of the Comptroller of the Currency's recently proposed rule under the Genius Act previews federal expectations on permissible activities for stablecoin issuers, offering an early guide to potential compliance burdens and state-federal equivalency debates as the stablecoin regulatory regime continues to take shape, say attorneys at Alston & Bird.

  • Surveying The CFTC Campaign To Control Prediction Markets

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    The U.S. Commodity Futures Trading Commission is simultaneously asserting exclusive jurisdiction over prediction markets and signaling aggressive enforcement within them, a combination that will reshape the regulatory landscape for event contract platforms — pending the outcome of several court cases throughout the country and a likely circuit split, say attorneys at Paul Weiss.

  • Opinion

    The SEC Should Institute A New Enforcement Scorecard

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    Amid controversy over the recent release of the U.S. Securities and Exchange Commission's annual enforcement statistics, the SEC should use a new scorecard that measures how well the Division of Enforcement detects and stops intentional fraud in order to refocus on its core mission of investor protection, says Peter Chan at Baker McKenzie.

  • Series

    Speed Jigsaw Puzzling Makes Me A Better Lawyer

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    My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

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