Securities

  • September 14, 2026

    CFTC Touts 'Record' Year With $150M To Whistleblowers

    The U.S. Commodity Futures Trading Commission announced Monday it has handed out more than $150 million to whistleblowers over the past two months, and its general counsel said the agency is having a "record year" for awarding tipsters.

  • September 14, 2026

    FINRA Pressed To Tighten 'Finfluencer,' AI Communications

    A coalition of state regulators has urged the Financial Industry Regulatory Authority to more closely monitor how broker-dealers use social media and artificial intelligence to communicate with the public as FINRA considers providing its members with more leeway on customer outreach.

  • September 14, 2026

    Quinn Emanuel Ends Ex-Binance CEO Suit Over $1.5M Bill

    Quinn Emanuel has quietly dropped its lawsuit against former Binance CEO Changpeng Zhao, in which it asked a court in Washington, D.C., to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

  • September 14, 2026

    Hyliion Investors End Suit Over Data Center Deal

    A proposed class of Hyliion Holdings Corp. investors has voluntarily dropped its suit against the linear generators company, which was accused in Texas federal court of overhyping a data center partnership with an artificial intelligence infrastructure company.

  • September 14, 2026

    National Instruments Reaches $28M Deal Over Hidden Bids

    National Instruments Corp., two former executives and a class of investors have reached a $28 million deal to resolve claims that the company repurchased stock while concealing from investors that it was considering being acquired.

  • September 14, 2026

    UBS Can't Nix Trust's Fee Claim Over Alleged Concealment

    A New York federal judge has trimmed a charitable trust's mismanaged funds suit against UBS, finding that the suit adequately pleads that the defendants concealed their alleged fraud but that no private right of action exists for breach of fiduciary duty claims under the Investment Advisers Act.

  • September 14, 2026

    Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

    Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed the subsidiary into bankruptcy to dodge $115 million in debt.

  • September 14, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week saw disputes over allegedly fabricated board approvals at a telecom infrastructure startup, insider trading and child safety at Roblox Corp. and ownership of artificial intelligence technology used in legal proceedings.

  • September 11, 2026

    'FBoy Island' Star-Turned-Va. Candidate Sues Over Kalshi Fine

    A lawyer and former contestant on the reality series "FBoy Island" has sued Kalshi after he was banned for trading on prediction markets about his own political campaign, saying he's not advocating for political candidate trading, rather, he's highlighting the monetization of candidates on prediction markets.

  • September 11, 2026

    Accounting Firm Says Malpractice Suit Must Be Arbitrated

    New York-based accounting firm Citrin Cooperman is arguing that a multimillion-dollar malpractice lawsuit over its work for a Cayman Islands special purpose acquisition company belongs in arbitration, even though the litigation was filed by that company's sponsor.

  • September 11, 2026

    Atlas Energy Inks $17M Deal To End Investor Suit Over Reorg

    Atlas Energy Solutions Inc. has reached a $17 million settlement to resolve shareholder claims over the oilfield services company's 2023 reorganization, according to a copy of the proposed agreement filed Friday in the Delaware Chancery Court.

  • September 11, 2026

    Tesla Investors Press Del. High Court To Keep Cases In State

    Tesla Inc. investors have asked the Delaware Supreme Court to keep in the state a trio of lawsuits accusing the carmaker and its CEO, Elon Musk, of breaching their fiduciary duty, after a Chancery Court judge ruled earlier this year that the cases belong in Texas.

  • September 11, 2026

    Bongino Disavows Inside Knowledge On Parler Ouster

    Former deputy FBI director Dan Bongino testified Friday that he was not privy to decisions leading to social media company Parler's 2021 ouster of its CEO, but he was pressed over having seen a draft of the document revision that supposedly allowed the CEO's 40% interest to be confiscated.

  • September 11, 2026

    SEC Says Tax Co. Owners Ran $64M Ponzi Scheme

    The U.S. Securities and Exchange Commission has accused two former investment fund operators who also ran a Tennessee-based tax preparation business and their former employee of participating in a scheme that fraudulently raised $64 million from more than 230 investors, some of which were paid with Ponzi-like payments from previous investors.

  • September 11, 2026

    Prediction Markets Ask Justices To Settle Sports Wager Split

    Crypto.com on Friday became the third party to call on the U.S. Supreme Court to address the closely-watched circuit split on prediction market regulation, challenging a Ninth Circuit decision that allowed Nevada regulators to police certain sports event contracts since their "substance" appeared to be gambling.

  • September 11, 2026

    Ex-Edward Jones Adviser Gets 7 Years In Embezzlement Case

    A Georgia federal judge on Friday handed a prison sentence of just over seven years to a former Edward Jones investment adviser who prosecutors said embezzled an elderly client out of about $9.5 million.

  • September 11, 2026

    Kalshi Can Appeal Tribe's Sports Betting Claims, Judge Says

    A Wisconsin federal judge Friday said Kalshi can appeal a ruling allowing claims brought by the Ho-Chunk Nation to proceed, saying that since the issues involved will "certainly" make their way to the U.S. Supreme Court eventually, the Seventh Circuit should consider them now.

  • September 11, 2026

    CVS Renews Bid To Escape Investors' AI Use Suit

    CVS Health Corp. wants a second shot at dismissing a lawsuit accusing it of inflating its revenues through the use of artificial intelligence, arguing investors haven't shown it was using the technology to deny prior authorization requests. 

  • September 11, 2026

    SEC Fines Canadian Firm $750K Over AML Reporting Failures

    A subsidiary of Canadian broker-dealer Haywood Securities Inc. will pay $750,000 to settle the U.S. Securities and Exchange Commission's claims it violated its own anti-money laundering policies by failing to submit certain suspicious activity reports, some of which involved known criminals.

  • September 11, 2026

    Prediction Markets' High Court Clash Looks More Imminent

    The widespread clash over whether the regulation of prediction markets falls under federal or state jurisdiction was bound to land in the U.S. Supreme Court, and a new circuit split and urgent policy questions may force the justices' hands to take up the issue.

  • September 11, 2026

    REIT Defeats Class Claims Over $2.2B Property Impairments

    A California federal judge dismissed a proposed securities class action against Alexandria Real Estate Equities Inc., finding the investors didn't sufficiently allege that the REIT's executives misled them about $2.2 billion worth of property impairments.

  • September 11, 2026

    Ex-CEO Of AI Recruitment Co. Cops To $27M Investor Fraud

    The former CEO of bankrupt artificial intelligence-powered staffing firm Joonko Diversity on Friday entered a guilty plea to charges that she defrauded investors out of $27 million using forged financial documents and lying about the company's customers.

  • September 11, 2026

    SEC Says $16M Ponzi Scheme Targeted Ghanaian Community

    The U.S. Securities and Exchange Commission has accused a New Jersey man and his two companies of targeting a Ghanaian community to fraudulently raise $16 million, most of which was used for personal expenses and Ponzi-like investor payments.

  • September 11, 2026

    Cooley, Investor Settle NJ Malpractice Suit Over Startup Deal

    Cooley LLP and an investor who had accused the firm of malpractice over a deal to invest in a dry-cleaning delivery startup have resolved the case, they told a New Jersey federal court this week.

  • September 11, 2026

    Ill. Judge Makes Adviser's $3.2M Loan Fraud Judgment Official

    An Illinois federal judge on Friday accepted a proposed judgment that will permanently bar a Chicago-based investment adviser from securities trading and require him to pay a $3.2 million disgorgement and civil penalty over an alleged high-return loan scheme.

Expert Analysis

  • Revised Fed Principles Balance Risk And Remediation

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    The Federal Reserve's recently updated supervisory principles sharpen standards for enforcement actions while rewarding self-identification and remediation, signaling a more transparent approach that could reduce uncertainty and reshape how banks manage examination risk and regulator engagement going forward, say attorneys at Davis Wright.

  • Big Issues Linger After Senate Prediction Market Trading Ban

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    Whether the Senate can — or should — extend prediction market trading restrictions beyond itself will test not only the boundaries of insider trading law, but also the structural limits of legislative power in an era where information itself has become a tradable asset, say attorneys at Benesch.

  • Series

    Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Becoming The Biz-Savvy GC That Portfolio Companies Need

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    Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

  • Operational AI Washing: The Section 220 Information Strategy

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    Plaintiffs filing AI washing claims will likely use Section 220 of the Delaware General Corporation Law to obtain internal board records, but 2025 amendments have fundamentally changed the landscape of presuit shareholder document demands in ways that create both risk and opportunity for companies, say attorneys at Akerman.

  • Del. Dispatch: The Hurdles To Early Fraud Claim Dismissal

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    Particularly where the alleged facts may suggest potentially blatant or egregious misconduct, the pleading-stage standards highlighted in the Delaware Court of Chancery's recent decision in Diem v. Maisonette provide a ready route for the nondismissal of claims before a trial, say attorneys at Fried Frank.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • AI Investment Advice May Fail Investor Protection Rules

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    Based on an ongoing study of artificial intelligence platforms' investment advice given to retail investors, direct access to AI may not yield recommendations for typical households that are suitable under relevant securities rules, raising new and important issues in the regulation of financial markets, says Bruce Carlin at Rice University.

  • Startup Founder Disputes Increasingly Turn On Governance

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    Recent Delaware developments suggest that as courts place increasing emphasis on board process, independence and oversight in founder-led startups, the growing intersection of governance, technology risk and investor oversight is accelerating both the emergence and escalation of founder disputes, says mediator Frank Burke.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

  • SEC Clarifies 'Baby Shelf' Restrictions For Small Cos.

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    For smaller public companies looking to access the capital markets, the so-called baby shelf requirements can be a significant limitation, but recent guidance from the U.S. Securities and Exchange Commission helps to alleviate the effect of subsequent baby shelf restrictions on an at-the-market facility, say attorneys at Faegre Drinker.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

  • Key Tronic Case Shows SEC Isn't Ignoring Controls Violations

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    The U.S. Securities and Exchange Commission's first nonfraud enforcement action against a public company during Chairman Paul Atkins' tenure reflects the commission’s willingness to bring enforcement actions that charge books and records and internal controls violations, despite deviating from policing technical violations, say attorneys at Cooley.

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