Securities

  • September 02, 2026

    9th Circ. Denies Funko's Bid To Revisit Investor Dispute

    The Ninth Circuit said Wednesday it would not reconsider its decision to revive a proposed class action accusing Funko Inc. of failing to warn investors about tens of millions of dollars' worth of excess toys the company eventually wrote off.

  • September 02, 2026

    STMicro Investors Seek Cert. In Suit Over COVID Market Drop

    Investors in semiconductor manufacturing company STMicroelectronics have asked a New York federal judge to certify their securities class action alleging company executives failed to acknowledge pandemic-related semiconductor chip demand declines, arguing they all relied upon the executives' public misrepresentations to purchase company shares. 

  • September 02, 2026

    NJ Urges Justices To Resolve Kalshi Sports Betting Split

    New Jersey regulators on Wednesday asked the U.S. Supreme Court to address the newly emerged circuit split around prediction market regulation, filing a long-awaited petition that challenged a Third Circuit decision blocking the state from pursuing Kalshi's sports event contracts as unlicensed bets.

  • September 02, 2026

    Mich. Judge Cites Risk To Public In Ban On Kalshi Sports Bets

    A Michigan judge bolstered the statewide ban on Kalshi's sports offerings Wednesday, ruling that the state's residents are still at risk of exploitation by the prediction market platform.

  • September 02, 2026

    Firms Vie For Lead Counsel Role In Vestis Derivative Suit

    Plaintiffs in a shareholder derivative action against the top brass of Vestis Corp. are in a tussle to get different law firms appointed as lead counsel, with the original plaintiff backing The Brown Law Firm PC and the additional plaintiffs pushing The Rosen Law Firm PA and Johnson Fistel PLLP.

  • September 02, 2026

    JPMorgan Seeks Stay Of $20M Javice, Amar Fee Order

    JPMorgan Chase & Co. urged the Delaware Chancery Court on Wednesday to pause enforcement of an order requiring it to advance more than $20 million in disputed legal fees to convicted Frank founder Charlie Javice and former executive Olivier Amar, arguing the bank could permanently lose the money before it gets a chance to challenge the ruling.

  • September 02, 2026

    Mass. Sheriff Acquitted Of Extorting Cannabis Co.

    A Boston federal jury on Wednesday cleared a sheriff of charges that he shook down a cannabis company for a pre-initial public offering investment opportunity.

  • September 02, 2026

    Texas Atty Charged With Ponzi Scheme, SEC Obstruction

    Federal prosecutors have charged a Texas attorney accused of running a $1.5 million Ponzi scheme and then lying to the U.S. Securities and Exchange Commission in an attempt to dodge liability.

  • September 02, 2026

    Linqto Founder Engineered $450M 'Pre-IPO' Fraud, Feds Say

    The founder of Linqto, a bankrupt platform that allows investors to buy shares before their initial public offerings, was arrested in California Wednesday and charged in New York federal court with a $450 million price markup scheme.

  • September 01, 2026

    Calif. Private Fund Execs Charged In $80M Ponzi-Like Scheme

    Executives of a California-based loan origination business and its affiliates were hit with securities violations and criminal charges by the U.S. Securities and Exchange Commission and the U.S. Attorney's Office in federal court over an alleged Ponzi-like scheme that raised over $80 million from unwitting investors. 

  • September 01, 2026

    Parler Ouster Talk Was 'Reaction' To Bad CEO, Jury Told

    Billionaire Rebekah Mercer testified Tuesday that her team's strategizing about getting rid of Parler's then-CEO was simply "reacting" to his poor performance, even before the Jan. 6 insurrection sent the social media app "to hell in a handbasket."

  • September 01, 2026

    ETF Issuers Urge SEC To Focus On Risk Over Novelty

    Exchanges and issuers urged the U.S. Securities and Exchange Commission to apply existing rules for exchange-traded funds to oversee "novel" offerings holding asset classes like crypto and event contracts, while consumer advocacy groups took a hard line against products referencing sports or election wagers.

  • September 01, 2026

    Rutgers Prof Accused Of Crypto 'Pump And Dump' Scheme

    A cryptocurrency investor alleges a Rutgers University computer science professor used his academic credentials and university affiliation to secure investments in a token whose value has since collapsed, "a classic pump and dump scheme," according to a suit filed in New Jersey federal court.

  • September 01, 2026

    CFTC Drops Swaps Manipulation Claim In Deal With Ex-Trader

    The Commodity Futures Trading Commission on Tuesday wrapped up a long-running enforcement action against a former investment bank managing director, dropping claims that he manipulated swap prices to benefit his bank and settling claims that he destroyed evidence.

  • September 01, 2026

    SEC Sends White House Plan For Retail Private Market Access

    The U.S. Securities and Exchange Commission's Division of Investment Management has submitted to the White House a proposal to help facilitate retail investors' exposure to private markets and enable investment advisers to charge related performance fees, saying it could provide more opportunities for investors looking to diversify their portfolios.

  • September 01, 2026

    Meme Coin Platform Pump.fun Must Face Users' RICO Claims

    A New York federal judge has allowed racketeering claims to proceed against the operator of meme coin launchpad Pump.fun and its co-founders, while dismissing securities and unjust enrichment claims against the launchpad's related blockchain projects.

  • September 01, 2026

    Ex-CEO Of Bankrupt Diamond Co. Hit With SEC Allegations

    The U.S. Securities and Exchange Commission has sued Mordechai Haim Ferder, the ex-CEO of bankrupt Lugano Diamonds & Jewelry Inc., and his wife to recover more than $17.7 million they allegedly reaped through a fraudulent diamond investment scheme via trusts they controlled.

  • September 01, 2026

    Meta Says Section 230 Frees It From Doctor's Scam Suit

    Meta Platforms Inc. is urging a California federal court to throw out an Australian doctor's suit alleging that its advertising tools resulted in his name and likeness being used to promote scams, saying evidence now shows that none of its tools introduced his name or likeness.

  • September 01, 2026

    Crypto Investment Firm Accused Of Fraud Must Face Ga. Suit

    A Texas-based crypto investment company can't dodge a fraud suit brought against it in Georgia federal court, after a judge said the suit shows the firm and its management transacted business in the Peach State and used a business dinner in Atlanta to tout their offerings.

  • September 01, 2026

    OpenAI's Rogue Agents A 'Warning Shot' For Cos. Everywhere

    OpenAI's recent rogue artificial intelligence incident will likely set the stage for a more widespread expectation that companies using advanced, agentic AI have reasonable protective measures in place, as cyber incidents carried out by AI agents come to be viewed as foreseeable risks.

  • September 01, 2026

    Wahlberg-Backed Gym Gets Final OK Of $10.5M Investor Deal

    A Texas federal judge has given final approval to a $10.5 million settlement resolving investors' claims that a fitness franchise associated with the actor Mark Wahlberg misled them about its growth potential after going public.

  • September 01, 2026

    SEC Plans To Bless Transfer Agents' Blockchain Use

    The U.S. Securities and Exchange Commission is promising sweeping changes to the rules governing transfer agents for the first time in 40 years, issuing a proposal Tuesday that would, among other things, allow agents to utilize the blockchain in tracking securities ownership. 

  • September 01, 2026

    Investment Co. Disputes IRS' $166M Add-On To Capital Gains

    An investment company accused the IRS of mistakenly inflating its 2008 short-term capital gains from certain securities investments to about $170 million from $4 million, telling the U.S. Tax Court the gains were properly deferred during the Great Recession.

  • September 01, 2026

    Justices Asked To Again Tackle SEC Disgorgement

    A Florida-based broker-dealer is petitioning the U.S. Supreme Court to hear another case targeting the disgorgement powers of the U.S. Securities and Exchange Commission, saying the court "left open" a question about victim identification after it last ruled on the issue earlier this year.

  • September 01, 2026

    Sheriff's Extortion Trial Nears End As Acquittal Motion Fails

    A Massachusetts federal judge refused Tuesday to clear a sheriff of extortion charges, as prosecutors wrapped their case that he demanded a stake in a cannabis company that he was also partnering with for a job training program.

Expert Analysis

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • How Reincorporating In Texas May Alter Earnout Disputes

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    While the DExit debate has focused on shareholder suits, far less attention has been paid to what reincorporating in Texas means for M&A disputes, making it particularly important to understand the nuances between Delaware and Texas earnout jurisprudence, say attorneys at Selendy Gay.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Texas Business Court Rulings Show Deal Terms Paramount

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    As the courts within the Texas Business Court system have begun reaching the substantive merits of the cases before them, they are persuasively demonstrating they will not only enforce the terms of transactions as written, but will also embrace a holistic approach to complex transaction documentation interpretation, says Christopher Pace at Winston Taylor.

  • Agentic AI And Securities Law: Who Is The Adviser?

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    Securities regulation has always been actor-based, but as agentic artificial intelligence becomes more common, it will push the law toward a partially system-based framework in which systems themselves, and the relationships between them and their deployers, are the focus of regulatory attention, says Joseph A. Hall at Davis Polk.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

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    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • Why Biotech Cos. Need Litigation Plans Before Bad News

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    Biotech companies should take proactive steps to respond to the growing trend of securities litigation filed against them, due to the inherently uncertain nature of their business models and heightened scrutiny of clinical trial disclosures, regulatory communications and investor-facing statements, says Wesley Horton at FBFK.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • A Potential Turning Point For Short-And-Distort Claims

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    A California federal jury's conviction of Andrew Left signals that the historically blurry line between securities fraud and legitimate criticism of companies is growing clearer, and that there is a viable recourse against so-called short-and-distort campaigns intended to create a false impression of the market, say attorneys at Baker McKenzie.

  • 5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

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    Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy court may grant in a domestic case and relief it may recognize under Chapter 15 of the Bankruptcy Code when a foreign court has entered the order, say attorneys at Pierson Ferdinand.

  • High Court's FCC Fine Ruling Reframes Agency Enforcement

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    The U.S. Supreme Court's recent decision in Federal Communications Commission v. AT&T sweeps aside uncertainty about what kinds of regulatory enforcement trigger a Seventh Amendment right, say attorneys at Squire Patton.

  • CFTC Policy Substantially Expands Self-Reporting Incentives

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    A recent U.S. Commodity Futures Trading Commission policy moves from a mitigation-centered model to prioritizing declination for early self-reporting and full cooperation, reflecting a deliberate effort to harmonize voluntary self-disclosure incentives across the federal enforcement authorities, say attorneys at Sullivan & Cromwell.

  • Opinion

    Exxon Shareholders Were Right To Save New Voting Program

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    Following Exxon shareholders’ recent vote that rejected a bid to dismantle the company’s new retail voting program, other companies should replicate it as a way to lower the friction for shareholders who already vote with the board to keep doing so without wrestling a ballot every spring, says J.W. Verret at the Antonin Scalia Law School.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

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