Securities

  • July 31, 2026

    Amazon Misled Buyers On Seafood Sustainability, Suit Claims

    Shoppers accused Amazon on Friday of overstating the sustainability of seafood sold under its Whole Foods Market brand and others, claiming in a proposed class action that the company uses "unqualified, unsupported, and at times untrue environmental and ecological representations" to trick buyers into paying more for the products.

  • July 31, 2026

    CFTC Fines George Santos Over Prediction Market Trades

    The U.S. Commodity Futures Trading Commission ordered convicted former U.S. Rep. George Santos to pay $35,000 to settle claims he manipulated a prediction market on whether he would attend the 2026 State of the Union address.

  • July 31, 2026

    AI Drugmaker Investors Seek Final OK For $9.75M Fraud Deal

    A class of investors in the artificial intelligence-driven drugmaker BioXcel Therapeutics Inc. has moved for final approval of a $9.75 million settlement to resolve claims that the stock price plunged after the company's late disclosure of compliance problems with a clinical trial for an Alzheimer's drug, and class counsel is seeking around 25%.

  • July 31, 2026

    Musk Wants 9th Circ. To Weigh Twitter Investor Trial Loss

    Elon Musk wants the Ninth Circuit to review two orders entered in a securities case in California federal court accusing him of defrauding Twitter shareholders, according to a notice of appeal.

  • July 31, 2026

    FinCEN's Gacki To Join Citi As Global Head Of Sanctions

    Andrea Gacki, director of the Treasury Department's Financial Crimes Enforcement Network, will join Citigroup this October as the bank's global head of sanctions, after more than 25 years of service in the departments of Justice and Treasury.

  • July 31, 2026

    3 Firms Steer TMX Group's $2.3B US Exchange Combo Deal

    Toronto Stock Exchange operator TMX Group has agreed to take a controlling stake in MEMX and combine the U.S. exchange operator with options market BOX, in a deal that values the combined business at about $2.3 billion. 

  • July 31, 2026

    Insulet Urges Full Fed. Circ. To Revive $59M Trade Secret Win

    Insulin product developer Insulet Corp. has asked the full Federal Circuit to hear its arguments for reinstating a jury's $59.4 million trade secret theft verdict against EOFlow Co. Ltd., saying a split panel decision overturning the award reached a timeliness issue that was not mentioned by either party.

  • July 31, 2026

    Taxation With Representation: Latham, Matheson, S&C, Weil

    In this week's Taxation With Representation, DCC Energy PLC backs a takeover offer from investment firm KKR and Energy Capital Partners, the parent company of the New York Stock Exchange acquires MarketAxess Holdings Inc., and Grant Thornton Advisors LLC buys professional services adviser CBIZ Inc.

  • July 31, 2026

    Energy Co. Hid Reliance On Chinese Raw Materials, Suit Says

    Bloom Energy Corp. has been hit with a proposed class action in California federal court alleging the renewable energy company and its top brass misled shareholders by understating the extent to which it depended on Chinese scandium, a critical raw material used in its fuel cells.

  • July 31, 2026

    SEC Says NY Adviser Owes $489K For Overbilling Clients

    The U.S. Securities and Exchange Commission on Friday secured a nearly $500,000 agreement with a New York-based investment adviser that it says overcharged clients by failing to discount certain referral fees.

  • July 31, 2026

    NY Takes Aim At Kalshi's 'Illegal Gambling Operation'

    New York sued Kalshi in state court early Friday, alleging that the prediction market giant is running a vast "illegal gambling operation" by allowing customers to trade on the outcomes of events across sports, politics and culture.

  • July 31, 2026

    ITV Launches £100M Buyback After Securing £1.6B Sale Deal

    ITV PLC kicked off a share buyback program worth up to £100 million ($134 million) on Friday after it agreed earlier in July to sell its broadcast and streaming division to Sky Group for as much as £1.6 billion.

  • July 30, 2026

    2nd Circ. Judge Denies Kalshi Shield From NY Action, For Now

    Kalshi faced a setback in its bid for a temporary shield against a potential New York enforcement action when a Second Circuit judge said she wouldn't rule on the request on her own, and sent the matter to a three-judge panel to decide.

  • July 30, 2026

    SEC Beats Fintech CEO's Suit Over Shutdown-Era Case

    A D.C. federal judge dismissed a suit from the founder of Triterras Fintech alleging the U.S. Securities and Exchange Commission violated federal law by suing him during the government shutdown last year, holding that the founder has another avenue to fight the agency's claims.

  • July 30, 2026

    Hayward Investor Atty Fees Bid Cut To $5M By Judge

    A New Jersey federal judge has cut roughly $1.5 million from a requested fee for attorneys who negotiated a $20 million settlement between pool equipment maker Hayward Holdings Inc. and its investors, finding that the firm did not provide enough information to back up the reasonableness of its requested fee.

  • July 30, 2026

    CFTC Proposes Conflict Rules For 'Vertically Integrated' Firms

    The Commodity Futures Trading Commission on Thursday proposed rule amendments to address conflicts of interest among affiliated firms, heeding the call of a White House report last year that urged securities and commodities regulators to consider their approaches to so-called vertically integrated business models.

  • July 30, 2026

    Latham Secures SEC Relief For Data Center Securitizations

    U.S. Securities and Exchange Commission staff have freed some types of data center financing from having to comply with Dodd-Frank Act rules on credit risk retention and conflicts of interest, agreeing with Latham & Watkins LLP attorneys' arguments that the financial instruments are not asset-backed securities.

  • July 30, 2026

    Wells Fargo Can't Collect $4M 'Stranger' Policy, 8th Circ. Says

    The Eighth Circuit on Thursday upheld a ruling that an insurer does not have to pay out a $4 million life insurance policy to Wells Fargo Bank NA, finding the policy taken out on the now-deceased man was void because it was obtained through a scheme meant to benefit investors.

  • July 30, 2026

    Del. Chancery Axes Student Loan Co. 'Unfair' Lender Deal Suit

    A Delaware vice chancellor has dismissed, with prejudice, a stockholder lawsuit seeking to block new "highly dilutive" borrowing from the top lenders and shareholders of international student loan provider MPower Financing PBC, finding that the statutory safe harbor provision of Delaware corporation law protects the transaction, which will hand control of the company to two hedge funds.

  • July 30, 2026

    Cloud Tech Co. Hid AI Shift's Toll On Revenue, Investor Says

    Rackspace Technology, a cloud computing and artificial intelligence solutions company, has been accused of misleading investors about the value of its strategic partnership with Advanced Micro Devices Inc. and its decision to shift capital away from its private cloud business, resulting in a recent financial guidance cut.

  • July 30, 2026

    Mets Become 1st MLB Team To Partner With Prediction Market

    Sports trading app Novig announced Thursday that it has become the exclusive, official prediction market partner of the New York Mets, marking the first time a Major League Baseball team has collaborated with such a company.

  • July 30, 2026

    Exec Who Tried To Buy English Soccer Club Denies Fraud Rap

    A Florida executive who once tried to buy England's Everton soccer club on Thursday denied new charges accusing him of engaging in a $500 million fraud on lenders, before the judge hearing his case declined to adjourn his October trial. 

  • July 30, 2026

    Kalshi Sports Offerings Appear On Shaky Ground At 6th Circ.

    A Sixth Circuit panel looked askance at Kalshi's push to have its sports event contracts shielded from state gambling regulators Thursday, pointedly questioning the prediction market giant about the difference between its offerings and traditional sports bets.

  • July 30, 2026

    Former Calif. Assistant US Atty Joins Hueston Hennigan In LA

    An experienced trial lawyer who most recently spent nearly a decade as an assistant U.S. attorney with the Central District of California has joined Hueston Hennigan LLP's Los Angeles office as of counsel, the firm announced.

  • July 30, 2026

    2 Traders Admit Guilt In Stolen BigLaw Info Scheme

    Two men pled guilty Thursday in Massachusetts federal court to their roles in a sweeping scheme to trade on inside information stolen from huge corporate law firms about upcoming deals.

Expert Analysis

  • Series

    Choral Singing Makes Me A Better Lawyer

    Author Photo

    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.

  • What Ratings Overhaul May Mean For Banking Industry

    Author Photo

    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

    Author Photo

    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

  • Tariff Refunds May Reshape Loan Covenant Calculations

    Author Photo

    Tariff refunds issued after the U.S. Supreme Court's Learning Resources decision may complicate borrowers' covenant calculations depending on accounting treatment, the timing of recognition, customer reimbursement obligations and credit agreement language, say attorneys at Mayer Brown.

  • Agentic AI And Securities Law: Evolving Risk Disclosures

    Author Photo

    The U.S. disclosure regime is built on the premise that management can describe the material facts and risks facing its business, but, with the advent of agentic artificial intelligence, the question is whether the regime can accommodate decision-making systems whose behavior is not fully predictable, says Joseph A. Hall at Davis Polk.

  • More Cos. Will Copy SpaceX's Shareholder Proposal Opt-Out

    Author Photo

    For more than 80 years, the shareholder proposal looked like a federal right guaranteed to all public company investors, but after SpaceX opted out before its recent initial public offering, other companies are likely to follow, says Mohsen Manesh at the University of Oregon School of Law.

  • Prediction Market Case Will Test US Insider Trading Reach

    Author Photo

    The insider trading case recently brought against Google employee Michele Spagnuolo may help clarify the extraterritorial reach of the Commodity Exchange Act and U.S. agencies' ability to police foreign trading in prediction markets, say attorneys at Akin.

  • The Hidden Settlement Problem In Complex Securities Cases

    Author Photo

    The Second Circuit's recent decision in Knapp v. Barclays is a reminder that in securities cases with complex corporate records, the tracing picture is rarely as settled as the complaint suggests, and that conversations in the early stages require everyone to work from the same underlying facts, says Peter Kamminga at JAMS.

  • Series

    Power To The Paralegals: Burnout As A Structural Problem

    Author Photo

    Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.

  • 2 Prediction Market Cases Will Test Insider Trading Theory

    Author Photo

    Prosecutors in two recent Southern District of New York cases have filed separate charges against two defendants who used confidential information gathered from each employer to place prediction market bets, but each prosecution must overcome different legal hurdles established by the U.S. Supreme Court and the Second Circuit, says John Siffert at Lankler Siffert.

  • Takeaways From 1st Del. Ruling Applying Moelis Amendments

    Author Photo

    Delaware corporations should carefully review contractual arrangements and governance documents following the Court of Chancery's recent enforcement of a non-Delaware forum selection clause in a CEO's employment agreement under 2024 amendments to the state's General Corporation Law, say attorneys at Morgan Lewis.

  • Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

    Author Photo

    An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

  • 3rd Circ. Decision Sheds Light On BIPA Bank Exemption

    Author Photo

    The Third Circuit's recent decision in McGoveran v. Amazon illuminates how courts are extending the Illinois Biometric Information Privacy Act's financial institution carveout beyond banks and insurers to technology vendors and other businesses handling biometric data, a defendant-friendly shift that still casts uncertainty around BIPA's enforcement, say attorneys at Dorsey & Whitney.

  • Assessing Issues The CFTC's Sports Betting Rules May Face

    Author Photo

    The U.S. Commodity Futures Trading Commission recently proposed a rule to consolidate its control of sports bets made on prediction market trading platforms, but problems may arise from possible conflicts between the proposed changes and state laws — and maybe even the Commodity Exchange Act itself, says David Slovick at Kopecky Schumacher.

  • Opinion

    State Courts Must Be Gatekeepers Of Expert Testimony

    Author Photo

    Based on my experience in the state judiciary, emulating federal courts' role as gatekeepers of expert witness testimony would help state court judges maintain the appearance of impartiality and assist juries, thus enhancing the overall confidence people have in their justice system, says Lorie Gildea at Greenberg Traurig.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Securities archive.