Securities

  • August 13, 2026

    Via Renewables Buyout Suit Survives Dismissal Bid In Del.

    The Delaware Chancery Court has refused to dismiss a stockholder suit challenging Via Renewables Inc. founder William K. Maxwell III's $11-per-share take-private deal, finding it reasonably conceivable that key minority stockholder protections came too late in the negotiations.

  • August 12, 2026

    WSJ Says Binance Sued Because It's Unhappy With Facts

    The publisher of the Wall Street Journal on Wednesday urged a Manhattan federal judge to deep six a defamation suit brought by Binance over reporting about internal investigators at the crypto exchange who were allegedly fired after flagging Iranian sanctions violations, saying the company is just unhappy with the way the Journal reported the facts.

  • August 12, 2026

    Trump Sued Over 'Corrupt' $100K Early Truth Social Access

    Online news outlet The Intercept and the Freedom of the Press Foundation sued President Donald Trump Wednesday in New York federal court, accusing him of violating the Constitution with an "extraordinary, corrupt, and unconstitutional" scheme by allowing paying customers to receive advance access to official presidential announcements through Truth Social.

  • August 12, 2026

    In 'Close' Call, 7th Circ. Backs FDIC In-House Enforcement

    In what the court called a "close and challenging call," the Seventh Circuit on Wednesday ruled the Federal Deposit Insurance Corp. could use in-house proceedings to adjudicate claims of unsound banking practices, rejecting a former Illinois community bank chairman's contention that such proceedings violate his right to trial by jury.

  • August 12, 2026

    Cloudflare Investors Seek Block On Founder Control Plan

    Cloudflare stockholders urged the Delaware Chancery Court on Wednesday to block a recapitalization that would let the technology company's co-founders sell billions of dollars in stock while retaining voting control, while the company argued the plan is a fair effort to keep its longtime leaders engaged.

  • August 12, 2026

    Compliance Officer's Partner Traded On Deal Info, SEC Says

    The U.S. Securities and Exchange Commission has accused a Texas man of trading on inside information about an Asahi Kasei acquisition that he allegedly learned from a now-former romantic partner who at the time was a compliance director at an Asahi subsidiary. 

  • August 12, 2026

    Del. Judge Slashes Fee Bid For 'Underwhelming' Settlement

    The Delaware Court of Chancery has significantly cut attorney fees requested in a derivative lawsuit settlement with The Beauty Health Co., finding the deal "releases weak claims in exchange for minor enhancements."

  • August 12, 2026

    Broad Street Can't Use Trump Order To Dodge SEC Suit

    A Florida federal judge refused to dismiss a U.S. Securities and Exchange Commission suit against a private equity firm accused of defrauding investors in a $1 billion fund, saying a 2025 executive order by President Donald Trump does not allow the firm to duck the SEC's allegations.

  • August 12, 2026

    Canadian Tech Co. Beats Investor Suit Over Alleged AI Hype

    Canadian technology services firm Telus Digital has escaped a suit accusing it of misleading investors about its artificial intelligence capabilities, with a New York federal judge finding that the suit's challenged statements are inactionable.

  • August 12, 2026

    NYC Probes Polymarket, Kalshi Over Ads Targeting Minors

    The New York City Council announced Wednesday that it is investigating Kalshi, Polymarket, Coinbase and Gemini Titan for potentially false, deceptive or abusive advertising tactics for their prediction market platforms, expressing concerns about marketing directed toward young people.

  • August 12, 2026

    Zillow Investors Urge Justices To Reject Post-Goldman Case

    Zillow investors have asked the U.S. Supreme Court not to hear a lawsuit over the company's shuttered homebuying business, arguing that the justices should reject Zillow's request to apply a "new, stricter rule" for certifying shareholder class actions.

  • August 12, 2026

    SEC Rejects Egan-Jones' Bid To Rate Gov't Securities, ABS

    The U.S. Securities and Exchange Commission on Wednesday denied Egan-Jones Ratings Co.'s bid for official recognition of its government bond and asset-backed securities ratings, ruling that the company's application for recertification contained inaccurate information about the company's ABS offerings.

  • August 12, 2026

    Novig Loses Bid To Halt NY Action Over Prediction Market

    A New York federal judge has refused to grant a temporary restraining order that would block the state from taking action against prediction market Novig, stating she was following the lead of another judge in her district who issued a similar ruling against Kalshi.

  • August 12, 2026

    Kalshi Uses CFTC Order To Build Case For NY Shield

    Kalshi intensified its push for the Second Circuit to shield it from a New York state lawsuit targeting its sports event contracts Wednesday, arguing a new U.S. Commodity Futures Trading Commission directive demonstrates the company's need for protection.

  • August 12, 2026

    Rising Star: Paul Weiss' Kristina Bunting

    Kristina Bunting of Paul Weiss Rifkind Wharton & Garrison LLP has secured victories for clients including General Motors, Coinbase, Snap and Goldman Sachs in some of the most closely watched securities and digital assets litigation of recent years, including a landmark U.S. Supreme Court win, earning her a spot among the securities attorneys under age 40 honored by Law360 as Rising Stars.

  • August 12, 2026

    Ex-Raymond James Adviser Fined After Taking $947K In Gifts

    Connecticut's banking and securities regulator has fined a onetime Raymond James investment adviser agent for borrowing $140,000 from a brokerage client, accepting $947,000 in gifts from two clients and making an inaccurate statement on a form she filed in connection with her next job at Lincoln Investment, according to a consent order.

  • August 11, 2026

    CFTC Moves To Shield Kalshi From NY Lawsuit

    The U.S. Commodity Futures Trading Commission issued an emergency order Tuesday evening telling Kalshi that, even if the state of New York wins a restraining order preventing the prediction market platform from offering event contracts, it should continue business as usual.

  • August 11, 2026

    Microsoft Heads Accused Of Lying To Investors On AI Strategy

    Microsoft leadership routinely touted the success of the company's artificial intelligence products and its multibillion-dollar partnership with OpenAI even as the tech giant violated copyright laws to train its large language models and fell behind other AI developers, according to a shareholder stock-drop suit filed Monday in Washington federal court.

  • August 11, 2026

    AI Voice Co. Execs Sold $19M In Inflated Stock, Investor Says

    Top executives at voice recognition and synthesis firm SoundHound AI Inc. lied about the company's performance in U.S. Securities and Exchange Commission disclosures, alleges an investor's derivative lawsuit filed Monday in California federal court, and that allowed the leaders to sell their stock holdings at "artificially inflated" prices.

  • August 11, 2026

    Atty Can't Represent His Securities Class Claims, Judge Says

    A New Jersey federal court has prohibited an attorney from serving as class counsel in his proposed class action accusing a group of financial services companies of running a scheme driven by high commissions and undisclosed conflicts of interest, saying the suit can only be refiled if new class counsel is brought in.

  • August 11, 2026

    Cognizant Investor Seeks OK For $5.5M Derivative Case Deal

    A Cognizant Technology Solutions Corp. shareholder has urged a New Jersey federal court to give its final approval for a $5.5 million deal to settle derivative claims that board members of the technology and consulting services company damaged the company and exposed it to liability by paying bribes in violation of the Foreign Corrupt Practices Act.

  • August 11, 2026

    SEC, CFTC Sue Goliath Over $400M Crypto Ponzi Scheme

    The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission sued bankrupt cryptocurrency investment firm Goliath Ventures Inc. and its founder Tuesday claiming they orchestrated a $400 million cryptocurrency Ponzi scheme.

  • August 11, 2026

    Meta Spoiled Evidence In Facebook Scam Ad Suit, Judge Says

    A California federal judge has sanctioned Meta, finding the company failed to preserve key evidence in a lawsuit by Australian businessman Andrew Forrest over fraudulent Facebook advertisements that falsely used his name and likeness to promote cryptocurrency and investment scams, saying the spoliation prejudiced Forrest's case.

  • August 11, 2026

    VC Fund Says SEC Has Spun 'Innocent' Lapses Into Fraud

    Venture capital firm Backswing Ventures GP LLC has urged a Florida federal court to dismiss a U.S. Securities and Exchange Commission suit, arguing the SEC has spun "innocent administrative lapses" into an alleged fraud despite evidence to the contrary.

  • August 11, 2026

    SEC's Atkins Floats Takeover Of Key Market Surveillance Tool

    The U.S. Securities and Exchange Commission is considering scrapping a market surveillance tool called the consolidated audit trail as it currently operates in favor of giving the agency direct oversight of the trading that occurs across U.S. exchanges, according to a letter from Chairman Paul Atkins.

Expert Analysis

  • 3 Upcoming Deadlines That EB-5 Investors Should Consider

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    Potential EB-5 regional center investors should weigh three approaching deadlines, the most immediate of which is Sept. 30, that may affect their filing strategy, required capital commitment and ability to participate even if Congress fails to reauthorize the program, says Michael Ashoori at Ashoori Law.

  • AI, Prediction Markets Lead Securities Developments In 2026

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    Securities class actions tied to artificial intelligence and the battle over prediction market regulation both raise novel questions that courts are only beginning to address and that will continue to resonate throughout the second half of the year, say attorneys at Skadden.

  • Community Bank Order Signals Fintech Partnership Scrutiny

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    The Office of the Comptroller of the Currency's recent consent order against Community Federal Savings Bank for deficiencies in its Bank Secrecy Act and anti-money laundering compliance programs offers clear and urgent lessons for community banks pursuing revenue growth through fintech partnerships and payments services, say attorneys at Bradley.

  • Where Is The Line On Actionable Comms In Securities Cases?

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    Recent securities cases demonstrate the difficulty in discerning a clear difference between statements made in connection with the purchase or sale of securities and those that aren't, with that line more likely attributable to individualized factual situations than to any doctrinal differences of opinion between various courts, says Samuel Groner at Fried Frank.

  • NJ Supreme Court Ruling Exposes D&O Gaps For PE Boards

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    The New Jersey Supreme Court's recent decision in Mist Pharmaceuticals v. Berkley Insurance, barring directors and officers coverage, serves as a cautionary tale for private equity executives serving in overlapping roles at sponsor and portfolio companies, say attorneys at Reed Smith.

  • China's New Outbound Investment Rule Reshapes Deal Risk

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    China's new outbound investment regulation introduces broad national security review and penalties, including personal liability, that will necessitate deeper diligence of cross-border deal participants with Chinese ties, earlier regulatory planning and closer attention to sanctions exposure, say attorneys at Freshfields.

  • Tips For Issuers Left In Lurch Without Genius Act Final Rules

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    The compliance runway envisioned by the Genius Act is steadily shrinking after regulators failed to finalize all the required implementing regulations by July 18, so stablecoin issuers should begin implementing "no-regrets" compliance measures and securing outside vendors before the law takes full effect in January, says David Zaslowsky at Baker McKenzie.

  • Why Courts Are Pushing Back On Greenwashing Laws

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    Recent Fourth Circuit and California federal court decisions blocking state greenwashing statutes on First Amendment grounds reveal a tension at the heart of environmental marketing regulation — while states want clarity, courts aren't prepared to let legislatures flatly ban categories of truthful commercial speech, say attorneys at DLA Piper.

  • 3 Ways Tokenization Is Moving To Traditional Finance

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    Recent initiatives reflect efforts to integrate distributed ledger technology into existing regulatory frameworks for securities, banking and payments settlements while preserving the underlying rights and obligations of market participants, say attorneys at Hughes Hubbard.

  • Assessing The Benefits Of Fla.'s Newest Business Structure

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    As of July 1, Florida business owners can create protected series LLCs to shield assets from liability while avoiding increased costs and wasted time, but burdensome recordkeeping obligations are crucial to maintaining the very protection that makes them attractive in the first place, says Gregory Ritter at Moritt Hock.

  • Series

    Teaching SEC Investigations Makes Me A Better Lawyer

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    Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoughtful, deliberate practitioner because it requires me to continually reassess and challenge what I know about securities law enforcement, how I know it and how best to explain it, says David Chase at Miami Law.

  • Employer Lessons From Apple Ruling Resolving OT Question

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    In Costa v. Apple, a California federal court recently handed employers a win on a previously unresolved wage and hour question, offering a reminder that favorable outcomes on novel issues often hinge on the specific facts of a company's own program and compliance efforts, say attorneys at Foley & Lardner.

  • What's Inside Proposed, Expanded NY Stablecoin Regulations

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    New York's recently proposed regulations for payment stablecoin issuers would, if adopted, increase the regulatory burdens of a state license, and midsize issuers considering a conversion to a federal charter should weigh the associated costs of both options, say attorneys at Lowenstein Sandler.

  • Why The 2nd Circ. Upheld Beneficial Ownership Blockers

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    The Second Circuit recently held that a properly drafted contractual blocker — which caps an investor's beneficial ownership below 10% and automatically voids any transaction that would breach the cap — shields the investor from Section 16(b) liability, demonstrating that blockers have teeth, say attorneys at Sheppard.

  • High Court, SEC Proposals Set Stage For Further Fund Reform

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    The U.S. Supreme Court's recent decision in FS Credit Opportunities v. Saba Capital Master Fund and the U.S. Securities and Exchange Commission's proposed rulemaking packages aimed at public market reforms provide a constructive backdrop for considering additional innovations to the listed fund structure, say attorneys at Debevoise.

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