Securities

  • November 06, 2026

    Dechert Brings On Baker McKenzie Corporate Atty In Dallas

    Dechert LLP has strengthened its corporate and securities practice with a Dallas-based partner who came aboard from Baker McKenzie, expanding both the firm's capital markets offerings and its Texas presence.

  • November 06, 2026

    Quant Trader Denies Using Stolen Recipe At Code Theft Trial

    A California quant trader accused of stealing billion-dollar code from his former employer argued to a New York federal jury Thursday that he did not use any secret recipe at a new venture, denying trade secrets theft charges.

  • November 05, 2026

    Blue Congress, Red Regulators: 5 FinReg Predictions

    Lawmakers are set to return to Washington, D.C., next week for the final stretch of Republican control on Capitol Hill before Democrats take over, a reversal that is reshaping the outlook for financial services oversight in the remainder of President Donald Trump's term.

  • November 05, 2026

    CFTC Directs Prediction Markets To Stop Geo-Blocking Users

    The U.S. Commodity Futures Trading Commission on Thursday directed prediction market platforms and other registrants to ensure nationwide access to their offerings, which could set up a challenging scenario for platforms under court orders to block some contracts in certain states as part of ongoing prediction market litigation.

  • November 05, 2026

    Tribes Win Injunction Against Kalshi After 9th Circ. Reversal

    A California federal court has blocked Kalshi from offering sports event contracts on the lands of three Native American tribes, after the Ninth Circuit found they were likely to prevail on their Indian Gaming Regulatory Act claims.

  • November 05, 2026

    Terror Victims Call Revised Binance Claims 'Leaner,' 'Robust'

    A group of plaintiffs alleging Binance and its former CEO aided and abetted 30 terrorist attacks have urged a New York federal judge to keep the suit alive, saying they have beefed up their claims to show how Binance "deliberately engineered its unregistered cryptocurrency platform to spur illicit use."

  • November 05, 2026

    SEC Notifies White House Of Broker Crypto Rule Proposal

    The U.S. Securities and Exchange Commission could soon introduce a proposal that would clarify the rules around broker-dealers' financial responsibilities and recordkeeping obligations when it comes to cryptocurrency assets, as the agency hopes to "support innovation" in the space.

  • November 05, 2026

    California Regulator Orders Crypto ATM Co. To Pay $5.1M

    CoinFlip, an operator of cryptocurrency ATMs, has been ordered to pay $5.1 million by California's Department of Financial Protection and Innovation for allegedly failing to protect state users from financial fraud and for charging excessive fees to California consumers.

  • November 05, 2026

    Ark. Calls Kalshi 'Pocket-Sized Bookie' In Latest State Action

    Arkansas is the latest state to accuse Kalshi of violating its gaming laws by offering event contracts on sports, asserting that the bulk of the prediction market operator's business "is not a risk management tool; it is a pocket-sized bookie."

  • November 05, 2026

    FINRA Fines Webull $4.2M For AML, Best-Execution Failures

    Webull Financial LLC has agreed to pay the Financial Industry Regulatory Authority $4.2 million to resolve claims that it failed to implement proper anti-money laundering programs to verify customer identities and that it failed to properly monitor for suspicious transactions, among other things.

  • November 05, 2026

    Del. Judge Backs Cloudflare Appeal Over Founder Control

    The Delaware Chancery Court has cleared the way for Cloudflare Inc. to seek immediate review of an order blocking a recapitalization meant to preserve its founders' voting control, saying the state's highest court should consider whether a longstanding test for director good faith remains valid under Delaware's revised corporate law.

  • November 05, 2026

    Racing Against Whistleblowers Could Cost Companies

    The U.S. Department of Justice's new cash rewards program for tips on criminal fraud threatens to ramp up the pressure on companies to hurry internal investigations and quickly report suspected misconduct to the government before whistleblowers do, which could backfire in some cases, according to experts.

  • November 04, 2026

    Investors Say Internet Letter Should Support Ill. Fraud Claims

    A securities short seller that ditched fraud claims over a letter it allegedly posted online to manipulate a stock's value urged the Seventh Circuit on Wednesday to leave its dismissal win intact, saying reversal could invite a "slippery slope" of future plaintiffs satisfying venue requirements with even less sufficient claims.

  • November 04, 2026

    Fintechs Prepare For Blue Wave's Flood Of Investigations

    Democrats rode Tuesday night's blue wave to take control of both chambers of Congress, scuttling the legislative hopes of a crypto industry that's now battening down the hatches for a flood of investigations into its ties to the Trump administration, consumer protection and financial crime.

  • November 04, 2026

    OCC Maps Out How Its Examiners Will Review Banks' AI Use

    The use of artificial intelligence at banks to conduct payments, decide loan applications or perform other high-stakes activities autonomously could face closer examiner scrutiny under a new supervisory framework issued Wednesday by the Office of the Comptroller of the Currency.

  • November 04, 2026

    Colo. Says Radiologist's AI Fund Was A Ponzi-Like Scheme

    Colorado's securities commissioner accused a Lakewood radiologist and his investment company of fraudulently raising about $5.2 million from 14 investors, including his parents and brothers, by touting an artificial intelligence trading program that was in fact an untested work in progress that lost money nearly every month.

  • November 04, 2026

    Meta Share Plan Fight Gets January Injunction Hearing

    The Delaware Chancery Court ruled Wednesday that stockholders challenging Meta Platforms Inc.'s plan to create nonvoting shares will get a preliminary injunction hearing in early January, rejecting the company's push for a full trial before the transaction takes effect Jan. 19, 2027.

  • November 04, 2026

    Judge Says CFTC Likely Overstepped On Stock Perpetuals

    A New York federal judge said the U.S. Commodity Futures Trading Commission likely exceeded its authority when it signed off on the trading of perpetual contracts tied to individual stocks, but stopped short of hitting it with a temporary restraining order in a suit brought by a special interest organization backed by Cboe Global Markets Inc.

  • November 04, 2026

    Walgreens Seeks Sanctions In Investors' Pharma Growth Suit

    Walgreens has asked an Illinois federal judge to sanction investors and their attorneys in a securities fraud class action, arguing they continued to falsely attribute statements about the company's plans to open hundreds of clinics to a former executive even after a recording showed his statement was taken out of context.

  • November 04, 2026

    4 Argument Sessions For Benefits Attys To Watch In Nov.

    JPMorgan Chase & Co. will defend its win in a 401(k) forfeiture suit at the Ninth Circuit, Aetna will ask the Second Circuit to push a multiemployer health plan's suit into arbitration, and the Tenth Circuit hears from pharmacy benefit managers who want an opioid nuisance battle moved to federal court. Here, Law360 looks at four arguments that benefits attorneys may want to keep an eye on in November.

  • November 04, 2026

    1st Circ. Sees Mass. Promise To Robinhood As 'Cold Comfort'

    First Circuit judges on Wednesday appeared sympathetic to Robinhood's bid to have a federal court determine if Massachusetts can regulate prediction markets, with two judges calling the state's temporary promise not to sue the fintech platform "cold comfort." 

  • November 04, 2026

    9th Circ. Won't Rehear Kalshi's Nevada Sports Betting Fight

    The Ninth Circuit on Wednesday rejected Kalshi's request to rehear its dispute with the state of Nevada, following a panel decision that cleared the way for the state's gaming regulators to pursue the prediction market platform over its sports event contracts.

  • November 04, 2026

    SEC Classifies More Funds, Advisers As 'Small Entities'

    The U.S. Securities and Exchange Commission on Wednesday adopted regulations that designate more mutual funds and investment advisers as small entities in order to "eliminate unnecessary regulatory burdens," SEC Chairman Paul Atkins said.

  • November 04, 2026

    Lender Says Del. Court Wrongly Voided $20M Loan Liens

    A lender urged the Delaware Supreme Court on Wednesday to revive its claim to $20.4 million in security interests tied to loans to collapsed technology company Bitwise Industries, saying a contract protected it even if the company's executives lacked authority to pledge real estate as collateral.

  • November 04, 2026

    Krispy Kreme Brass Face Another Suit Over McDonald's Deal

    More Krispy Kreme shareholders have filed suit in North Carolina federal court against current and former executives over alleged misrepresentations of the doughnut company's aborted rollout of a partnership with McDonald's.

Expert Analysis

  • Opinion

    Judges Must Turn To Merits Earlier To Fix Civil Justice System

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    The U.S. justice system is long overdue for a cultural shift that encourages judges to engage with the merits of a case from the outset, which would help to cut through procedural complexities and deliver high-quality justice efficiently and at lower cost, says Steven Kayman at Rottenberg Lipman.

  • Justices' Intel Ruling Could Aid 401(k) Alternative Asset Push

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    Following the U.S. Supreme Court's recent oral arguments in Anderson v. Intel, a decision favoring Intel over a prudence claim against fiduciaries based on underperformance by comparing two funds that aren't meaningfully similar would undercut the most common litigation theory against including alternative investments in 401(k) plans, say attorneys at Simpson Thacher.

  • What 3 Cases Reveal About Solar Co. Financial Disclosures

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    Three recent securities suits involving Nextracker, SolarEdge and Enphase illustrate the challenges of evaluating financial representations in the solar industry, raising a common issue: Financial projections cannot be fully understood without examining the operating information and assumptions supporting them, says Rand Manasse at Green Lane Partners.

  • Opinion

    Justices Must Protect Enforcement In DOL Fine Power Case

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    In deciding whether the U.S. Department of Labor’s in-house court has the power to decide monetary penalties arising from H-2A violations, the U.S. Supreme Court must preserve a practical route to relief for workers and a constitutional forum for employers to contest liability, say Michelle Dromgold-Sermen, Jessica Vasquez-Luna and Julissa Barrera at George Mason University.

  • Series

    Open-Water Swimming Makes Me A Better Lawyer

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    Swimming long distances in open waters is not necessarily an escape from my intellectual property practice, but a complementary discipline that similarly rewards sustained attention, intellectual curiosity, resilience and the ability to pursue a distant objective without losing command of the immediate task, says Christina MacDougall at Morgan Lewis.

  • How Groq-Nvidia Suit Tests Venture Capital Exit Math

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    A recent Delaware Court of Chancery suit concerning Nvidia's acquihire of certain Groq employees highlights that when such deals are challenged, the economic dispute turns on reconciling technology, people, cash and continuing ownership rather than on the headline number, says Ben Dubin at VC Expert Services.

  • Opinion

    The Invisible AI Danger That May Undermine Legal Profession

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    A public database tracking cases involving hallucinations generated by artificial intelligence recently surpassed 2,200 entries, but the bigger risk underlying attorneys’ use of such tools is that they will slowly surrender their judgment to AI and lose analytical skills, says Massachusetts District Court Associate Justice Brian Palmucci.

  • SEC's 'Innovation Exemption' Isn't A Substitute For Legislation

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    The U.S. Securities and Exchange Commission's recently announced innovation exemption, allowing trading in certain tokenized securities on permissioned on-chain trading platforms, is a temporary and conditional solution for a specific market model, not a general exemption for on-chain securities trading, says Niels Lemmers at Flow Traders.

  • FINRA Disputes Highlight Timeliness In Arbitrator Bias Claims

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    Recent Financial Industry Regulatory Authority litigation over arbitrator neutrality shows that the strength of challenges depends not only on what counsel discovers, but also on how early it is uncovered and how concretely it can be demonstrated, says Dax White at White Law.

  • Opinion

    A Capital Markets Agenda For The New Congress

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    When the 120th Congress convenes in January, it should place capital markets issues near the top of its to-do list, with a focus on legislation that can make the public company model more competitive, says David Kaufman at Thompson Coburn.

  • FinCEN Scam Alerts Push Banks To Rethink AML Monitoring

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    Recent Financial Crimes Enforcement Network guidance on digital asset scams suggests that future anti-money laundering examinations may focus less on whether institutions detect the movement of criminal proceeds and more on whether they can identify fraud schemes before victims suffer catastrophic losses, say attorneys at Ballard Spahr.

  • How AI Could Help Judges Spot Their Own Biases

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    In close cases where there’s room for discretion, artificial intelligence could challenge judges’ implicit biases by running counterfactual tests at scale — but any judicial use of such tools would need guardrails, say Arnold Peter at Peter Law and Nancy Rapoport at University of Nevada.

  • Assessing Hidden Risk Of Administrative Agency Settlements

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    Though administrative resolutions of U.S. Securities and Exchange Commission investigations may seem preferable to settled federal court actions, the possibility that private plaintiffs may use commission orders in follow-on litigation poses an extra risk, increasing the importance of negotiating the settlement's form and language, say attorneys at Debevoise.

  • Tracking Texas: When Counterclaims Start The Removal Clock

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    The Texas Business Court's recent decision in Bakery v. Naterra International clarifies that, when the original claims do not meet the court's amount-in-controversy threshold, a presuit threat to bring high-value counterclaims does not itself make those unfiled claims part of the action, say attorneys at Greenberg Traurig.

  • Parsing The Lowest SEC Enforcement Stats In Over A Decade

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    Statistics show that the U.S. Securities and Exchange Commission brought a historically low number of enforcement actions during Paul Atkins' first full fiscal year as chairman, delivering on his promise to reduce enforcement in program areas focused on recordkeeping and other technical violations, say attorneys at Covington.

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