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July 20, 2026
A New York federal judge Monday set a 2027 trial date for the former owner of a now-bankrupt water vending company accused of a $200 million Ponzi scheme backed in part by a large-scale bond fraud that bilked institutional investors in a Jefferies-controlled hedge fund.
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July 20, 2026
Automotive equipment manufacturer Holley has reached a $12.8 million settlement with investors who accused it of concealing declining business trends following a 2021 merger with a special purpose acquisition company.
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July 20, 2026
The former chief technology officer of Celsius Network must pay more than $2 million to the Federal Trade Commission as part of a settlement alleging the company's leaders knowingly made false statements to customers before the platform went bankrupt, a New York federal judge has ordered.
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July 20, 2026
Agentic software control company Neo launched on Monday with $100 million in venture capital funding, which will be used to increase the company's headcount as it continues to build a secure control layer for enterprise artificial intelligence agents.
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July 20, 2026
A corporate founder seeking more than $100 million in a malpractice case against Simpson Thacher & Bartlett LLP endured a withering cross-examination in Florida state court Monday over his companies' money flows and an auditor's refusal to certify their financial statements two years after the fundraising transaction he believes the firm botched.
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July 20, 2026
Asset manager GoldenTree Asset Management on Monday revealed that it has closed its second private credit fund with $2.75 billion in tow, close to 40% of which has already been deployed across several investments.
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July 20, 2026
The Pension Benefit Guaranty Corp. proposed a rule Monday on monetary penalties for failures to provide information on single-employer and multiemployer benefit plans that clarifies how plan sponsors can lower what's owed when they run afoul of their disclosure duties under federal benefits law.
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July 20, 2026
Private equity-backed sandwich chain Jersey Mike's Subs on Monday revealed terms for an estimated $1 billion initial public offering steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.
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July 20, 2026
The Delaware Chancery Court last week tackled disputes involving intellectual property, corporate control, fiduciary duties, artificial intelligence, trust administration and cryptocurrency litigation.
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July 20, 2026
A longtime finance associate at Proskauer Rose LLP has joined King & Spalding LLP's New York office as a partner, just a month after the firm added another three lawyers from her former team, the firm announced Monday.
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July 20, 2026
Brookfield Asset Management and Canada Pension Plan Investment Board have agreed to acquire U.S. warehouse portfolio owner LXP Industrial Trust in an all-cash deal valued at about $5.2 billion, including debt, the companies said Monday.
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July 20, 2026
Alea Holdings US Co., a unit of Bermuda-based insurance group Catalina Holdings, has filed for Chapter 11 protection in a Texas bankruptcy court with roughly $280 million in funded debt, saying it plans to use the case to push through a $20 million deal with a major creditor.
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July 17, 2026
A California federal judge has ordered a purported wealth management company and its managing member to pay $1.85 million to the U.S. Securities and Exchange Commission stemming from a pair of fraud schemes, including one involving an elaborate ruse invoking ties to the wealth of the royal family of Qatar.
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July 17, 2026
A New York federal judge has ruled that Deutsche Bank must face a proposed class action accusing it of conspiring with other big banks to fix U.K. government bond prices, finding that newly alleged trader chats provide "smoking gun" evidence allowing the case to proceed.
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July 17, 2026
A California federal judge has certified a class of Extreme Networks investors who say they were misled about its financial prospects during the COVID-19 pandemic, finding their out-of-pocket damages are measurable on a classwide basis and that they don't have to prove their case via common evidence.
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July 17, 2026
The Federal Deposit Insurance Corp. argued during closing arguments in a trial in California federal court that Silicon Valley Bank's 2023 failure was due to excessive financial risk and mismanagement, while SVB countered that its losses were sparked by an "unprecedented" bank run.
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July 17, 2026
The Delaware Chancery Court has recommended denying a cryptocurrency holding company's bid to throw out a former executive's breach of contract claim, concluding that Delaware's procedural rules permit so-called "counter-counterclaims" and rejecting arguments that the claim was barred by res judicata or was untimely under the doctrine of laches.
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July 17, 2026
U.S. District Judge Jed S. Rakoff has entered an opinion explaining why he tossed an investor suit last month accusing JPMorgan, Barclays and Fifth Third of facilitating a fraudulent scheme by bankrupt subprime auto lender Tricolor Holdings, saying the suit does not establish the banks' motivations.
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July 17, 2026
Plaintiff-side litigation veteran Jerry Schlichter, founding and co-managing partner of Schlichter Bogard LLP, told Law360 that highlights among the firm's recent legal victories include a reported settlement to end 401(k) investment litigation against ADP, as well as a $150 million settlement in a toxic lead emissions case.
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July 17, 2026
A Sixth Circuit panel has declined to grant a full rehearing of a constitutional challenge of the Financial Industry Regulatory Authority's in-house disciplinary proceedings brought by the owner of a financial consulting company that had support from billionaire entrepreneur Mark Cuban.
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July 17, 2026
Democratic lawmakers are targeting both Fox Corp.'s planned purchase of Roku and the Justice Department that will review it, in a letter announced Friday lambasting the deal itself and pushing the agency under Associate Attorney General Stanley E. Woodward Jr. not to be "corrupted by influence-peddling or political favoritism."
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July 17, 2026
Two law firms have asked a New Jersey federal court to appoint them as interim co-lead counsel in a proposed federal benefits class action alleging telecom company Nokia mismanaged employees' 401(k) plans, pointing to their experience litigating similar actions and judicial efficiency to support their request.
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July 17, 2026
An Alaska Native corporation urged a federal court to toss a proposed class action alleging the company saddled its 401(k) plan with excessive fees and underperforming investments, arguing the case is based on ill-suited comparisons and minor performance differences.
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July 16, 2026
Federal regulators said Thursday that they are stepping up their protocols for handling bank data and documents during supervisory examinations, outlining a new policy that will allow banks to designate certain "highly sensitive" information for stricter access control measures.
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July 16, 2026
The U.S. Securities and Exchange Commission on Thursday proposed a new rule that would allow electronic delivery to be the default method for sending investors disclosures, shareholder reports, proxy statements and other information, replacing a standard by which many documents are delivered in paper format unless the recipient chooses otherwise.