Securities

  • July 29, 2026

    Apple Accused Of Not Stopping Fake Wallet Apps' Crypto Theft

    Apple has been hit with a federal lawsuit in California over its alleged failure to warn consumers about fraudulent cryptocurrency wallet apps available on its App Store and the risk of cryptocurrency theft posed by those apps.

  • July 29, 2026

    Novo Faces Narrowed Investor Suit Over Obesity Drug Claims

    A New Jersey federal judge narrowed a proposed securities class action against Novo Nordisk, preserving claims that it misled investors about the CagriSema obesity drug's tolerability and a flexible protocol used in a clinical trial.

  • July 29, 2026

    AI Tops Advisers' 2026 Compliance Agenda, Survey Finds

    Artificial intelligence is overwhelmingly the top compliance priority for investment adviser firms, according to the results of a survey released Wednesday, with 85% of respondents identifying it as the hottest compliance topic for 2026, significantly up from the previous year.

  • July 29, 2026

    DOJ Probing Brothers Who Ran Summer Camp Empire

    A federal grand jury is investigating the bankrupt summer camp operator SIMAD Holdings, its controlling shareholders and related entities, and the company has received a demand to produce documents as part of the probe, according to a notice filed with the Tel Aviv Stock Exchange.

  • July 29, 2026

    King & Spalding Told To End 'Shenanigans' In Bid To Exit Case

    The individual defendants in a $300 million fraud lawsuit have accused King & Spalding LLP of appellate "shenanigans" while it seeks to exit the case due to an alleged ethics conflict, claiming the firm has falsely denied representing corporate clients despite an attorney's appearance suggesting otherwise.

  • July 29, 2026

    Glazer Sues In Chancery For More Comerica Merger Records

    A Comerica Inc. stockholder has asked the Delaware Chancery Court to order the bank to turn over additional books and records tied to its merger with Fifth Third Bancorp, alleging the company has improperly withheld key documents needed to investigate whether directors and executives breached their fiduciary duties during the sale process.

  • July 29, 2026

    SEC Says Fla. REIT Hid Losses In $152M Investor Scheme

    The U.S. Securities and Exchange Commission claimed two real estate investment trust executives raised $152 million in a fraudulent securities offering and misrepresented the company's bleak outlook in an extensive marketing campaign in Florida federal court Wednesday.

  • July 29, 2026

    Film Producer Charged In $100M Alleged Ponzi Scheme

    A film producer has been charged with seven counts of wire fraud in Illinois federal court, with prosecutors claiming in an indictment unsealed Tuesday that he bilked more than $100 million from investors in a Ponzi scheme.

  • July 29, 2026

    Fake High-Tech Trader Who Raised $3.7M, Fled, Gets 51 Mos.

    A Manhattan federal judge sentenced an electrical engineer-turned-trader to 51 months in prison Wednesday for stealing from investors who backed a bogus, high-tech profit model he pitched before fleeing to Europe.

  • July 29, 2026

    NY Crypto Recovery Fraud Case Heads To Trial As Deal Falters

    Counsel for a cryptocurrency business owner told a New York state judge on Wednesday that plea negotiations had hit a wall over how much money the state wanted in exchange for a deal without time behind bars over an alleged $1.5 million fraud scheme.

  • July 29, 2026

    Attys Secure $15M Fees In Abbott Formula Shareholder Suit

    An Illinois federal judge on Wednesday approved class counsel's $15.3 million fee request in a shareholder dispute over Abbott Laboratories' management of a 2022 infant formula contamination crisis, satisfied with the elaboration he called for during an earlier settlement fairness hearing.

  • July 28, 2026

    Like Milli Vanilli, Goldman FCPA Case Is A Ruse, Jury Told

    The government's foreign bribery case accusing a former Goldman Sachs banker of paying off Ghanaian officials to secure a lucrative energy deal is a lot like Milli Vanilli, his lawyer told a New York jury Tuesday, arguing that much like lipsynced songs of the fake late-1980s-era pop duo, prosecutors' version of events is not what it appears to be.

  • July 28, 2026

    Activists Shift Focus To M&A, AI In Quieter Proxy Season

    A surge in mergers and acquisitions-focused activist campaigns in the first half of 2026 came as companies adjusted to the universal proxy regime and activists increasingly turned to artificial intelligence to identify targets, according to a Diligent Market Intelligence report released on Tuesday.

  • July 28, 2026

    Texas Judge Calls Late Bid To Disqualify Atty 'Dilatory Tactic'

    A Texas federal judge on Tuesday denied a request to disqualify an attorney representing the former chief executive of a real estate company related to the late mogul Gene Phillips, saying the attempt to knock out the attorney came way too late in the game.

  • July 28, 2026

    Digital Ad Co. Beats Investor Suit Over Client Loss Claims

    Digital advertising firm PubMatic has escaped a shareholder's suit accusing it of concealing the loss of a key customer for its digital marketing business, with a California federal court ruling that the suit's claims are too vague as-is.

  • July 28, 2026

    Senate Confirms Jay Clayton As National Intelligence Chief

    The U.S. Senate voted Tuesday to confirm Jay Clayton as director of national intelligence, two weeks after Clayton, the former U.S. attorney for the Southern District of New York, refused to answer who he thought won the 2020 election during his confirmation hearing.

  • July 28, 2026

    How A Casino Analogy Helped Win A Short-Swing Profits Trial

    To win a first-of-its-kind securities trial over short-swing profits, attorneys at Freshfields LLP knew they needed to find the right analogy to showcase their argument, even if it meant comparing the case to a craps table at a casino.

  • July 28, 2026

    Calif. Warns SEC Against Preempting State REIT Registration

    California is urging the U.S. Securities and Exchange Commission not to adopt a proposal that could free certain real estate investment trusts and business development companies from registering with the states, saying it could leave retirees and the elderly vulnerable to fraud.

  • July 28, 2026

    Senators Urge CFTC Rule Slowdown Over Tribal Concerns

    Leaders of the U.S. Senate Indian Affairs Committee are urging the U.S. Commodity Futures Trading Commission to extend the public comment deadline for its proposed rule that could govern the way the agency oversees prediction markets, saying it's critical that Indigenous nations have time to evaluate its effects.

  • July 28, 2026

    Cava Board, Execs Sued In Del. Over $2.2B Stock Sales

    A Cava Group Inc. stockholder has filed a derivative lawsuit in the Delaware Chancery Court accusing the Mediterranean restaurant chain's top executives and directors of using confidential internal forecasts to sell more than $2.2 billion worth of company stock before the company's growth outlook weakened and its share price fell.

  • July 28, 2026

    DOJ Drops Charges In $722M 'BitClub' Crypto Ponzi Case

    The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.

  • July 28, 2026

    Simpson Thacher Stock Work Hurt 2 Companies, Jury Told

    The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly putting together a shoddy securities offering — dramatically affected his own business as well.

  • July 28, 2026

    1st Circ. Skeptical That JPMorgan AI Tool Broke Mass. Law

    A First Circuit panel appeared doubtful Tuesday that an artificial intelligence-powered applicant screening tool used by JPMorgan Chase & Co. constituted the kind of lie detector test that Massachusetts law bars employers from using in interviews. 

  • July 28, 2026

    LG Can't Arbitrate Stockholder Suit, Chancery Says

    The Delaware Chancery Court has refused to send fiduciary duty claims against LG, its U.S. subsidiary and several executives to arbitration, ruling that an investor's derivative lawsuit over the governance of advertising technology company Alphonso must remain in the Delaware court.

  • July 28, 2026

    Trader In BigLaw Deal-Tipping Scheme To Plead Guilty

    A Florida resident is set to plead guilty to his alleged role in a sweeping scheme to trade on insider information about impending acquisitions that was stolen from major law firms, according to a court filing Tuesday.

Expert Analysis

  • What Fed's Fast Track To Account Access Means For Fintechs

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    Fintechs, stablecoin issuers and other nonbank entities should assess eligibility, compliance demands and operational limits ahead of the Federal Reserve's potential finalization of a payment account framework proposing a faster path to direct access to key payment rails, says Stephen Aschettino at Fox Rothschild.

  • A Lender's Guide To Fraud: Identifying Risks

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    The evolving lending landscape, particularly the private credit boom, has heightened lenders' exposure to fraud, but recent bankruptcies demonstrate where fraud risks most commonly materialize and how banks can mitigate exposure at the outset, say attorneys at Moore & Van Allen.

  • Class Actions Have Entered The Fight Over Prediction Markets

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    While disputes brought by states over the regulation of prediction markets have claimed most of the headlines, class actions brought by ordinary citizens, particularly in Kentucky and Massachusetts, represent another avenue to challenge the legality of the prediction markets themselves, says Laura Chiu at DarrowEverett.

  • Series

    Founding An Autism Academy Made Me A Better Lawyer

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    Starting a nonprofit autism school with no building, no funding model and no guarantee that families would trust us taught me the importance of mission, patience and purpose — lessons that sharpened my practice and showed how meaningful work outside the office can make lawyers better, says Phillip Russell at Ogletree Deakins.

  • Mapping US-China Investment Compliance For EB-5 Deals

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    Chinese capital deployment through the U.S.'s EB-5 Immigrant Investor Program, alongside China's recently established outbound investment security framework, creates compliance gaps with the U.S. framework, and unique risks and considerations for practitioners, says Xuan Zhang at Reid & Wise.

  • Agentic AI And Securities Law: The Vanishing Defendant

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    The entire framework of traditional securities regulation rests on the ability to attribute conduct to human actors and assess their intent and control, but agentic artificial intelligence systems threaten to upend that basic first-step analysis, says Joseph A. Hall at Davis Polk.

  • A New Wave Of Prediction Market Risk Is About To Break

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    The convergence of three potential new risks — shareholder derivative suits, evolving disclosure requirements and congressional investigations — means that prediction market exposure has graduated from an interesting hypothetical to a company's audit committee agenda item, say attorneys at King & Spalding.

  • Opinion

    Rule Of Law Requires Gov't Engagement With Bar, Not Retreat

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    A federal agency's absence from national and local bar conferences, most recently illustrated by the U.S. Department of Justice's withdrawal from a New York City Bar Association white collar conference, disserves the bar, the government lawyers themselves and, ultimately, the administration of justice, says Muhammad Faridi at Linklaters.

  • How Nasdaq's 23/5 Rule Will Alter Public Offering Strategies

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    The U.S. Securities and Exchange Commission's recent approval of Nasdaq's proposal to extend trading hours to 23 hours a day, five days a week, may reshape how certain public offerings are executed, particularly for confidentially marketed public offerings, say attorneys at Faegre Drinker.

  • How Boards Can Shrink The AI Governance Gap

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    While companies have overwhelmingly embraced artificial intelligence, most lack corresponding governance structures and director-level fluency to oversee these programs, highlighting the importance of board and executive supervision to keep pace with growing litigation risk, say attorneys at Alston & Bird.

  • The Paradoxical Duty To Adopt AI When You Can't Bill For It

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    Both billing for hours saved using artificial intelligence and preserving billable time by not adopting AI may violate rules of professional conduct, but until bar associations' ethics rules catch up to this emerging economic dilemma, firms must decide how to adjust fee structures themselves, says Ines Lassalle at Peyrot & Associates.

  • Sripetch May Prove To Be An Empty Victory For The SEC

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    The U.S. Supreme Court's recent decision in Sripetch v. U.S. Securities and Exchange Commission held that the SEC need not prove pecuniary harm for disgorgement, but if the commission must still identify victims and distribute funds in a compensatory way, it faces the same economic problem as before the ruling, says Erin Smith at Compass Lexecon.

  • Mapping 5 Fronts Of The Prediction Markets Regulatory Battle

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    The legal framework governing prediction markets is under simultaneous challenge in five independent areas, and the outcomes will determine not just who can operate prediction markets, but the compliance obligations of every participant in the ecosystem, says Ivor Wolk at Manatt.

  • UCC Digital Asset Update Is Altering Lender, Obligor Diligence

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    The rollout of the Uniform Commercial Code's Article 12 is transforming digital asset secured lending, forcing lenders and obligors to rethink diligence, control, custody, monitoring and contract terms, as well as collateral practices and financing structures, as jurisdictions continue to adopt the amendments, say attorneys at Lowenstein Sandler.

  • 7 Key Questions About SEC's Faster Tender Offer Path

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    Following the U.S. Securities and Exchange Commission's recent order permitting an accelerated offering period for certain tender offers, attorneys at Wilson Sonsini discuss key considerations for M&A transactions, addressing eligibility, pros and cons, and how a minimum offering period as short as 10 days may operate in practice.

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