Securities

  • August 20, 2026

    Frontier's $14M Deal In 401(k) Verizon Stock Suit Gets 1st OK

    A Connecticut federal judge has given his initial OK to a $14 million settlement Frontier Communications Corp. has reached to end a proposed class action over claims its employee 401(k) plan was overinvested in Verizon Wireless and other telecommunications stocks.

  • August 19, 2026

    Convicted Ex-Atty Deserves Redemption, Pardoned Client Says

    A former Connecticut attorney under suspension for the past decade over his role in a $3 million stock pump-and-dump scheme deserves reinstatement and redemption, a client of his pardon consulting firm told a state bar admissions committee on Wednesday.

  • August 19, 2026

    German Entrepreneur's Dad Can't Nix SEC Tab, 1st Circ. Rules

    The First Circuit on Wednesday affirmed a judgment against the father of German billionaire Michael Gastauer, saying the parent "waited too long" to object to a lower court's personal jurisdiction over him as a relief defendant in a case concerning his son's alleged participation in an international pump-and-dump scheme.

  • August 19, 2026

    2nd Circ. Revives Signature Bank Investor Suit Against Execs

    The Second Circuit on Wednesday revived a shareholder lawsuit over alleged misstatements about Signature Bank's health ahead of its 2023 collapse, finding that a New York federal court was wrong to toss the case because securities fraud claims against the defunct bank do not transfer to the Federal Deposit Insurance Corp. as the banks' receiver.

  • August 19, 2026

    9th Circ. Sides With PennyMac In Fixed LIBOR Fallback

    The Ninth Circuit on Wednesday rejected a shareholder's claim that PennyMac Mortgage Investment Trust was required to replace discontinued LIBOR with a newer floating rate when calculating preferred-share dividends, holding that the federal LIBOR Act allowed for a contractual fixed fallback rate.

  • August 19, 2026

    1st Circ. Says Apellis Disclosures Weren't 'Half-Truths'

    A First Circuit panel on Wednesday affirmed the dismissal of a securities fraud lawsuit accusing Apellis Pharmaceuticals and some of its top executives of misleading investors about the safety testing of the company's eye drug Syfovre, finding no actionable claim the company told "half-truths" about potential side effects of inflammation that can lead to blindness. 

  • August 19, 2026

    3rd Circ. Urged To Revisit Arbitration Doctrine In Award Fight

    An asset management firm required to pay about $11 million in administrative fees and interest has asked the Third Circuit to reconsider its opinion upholding a doctrine under which arbitrators are barred from revisiting their prior decisions, saying it conflicts with binding Third Circuit precedent.

  • August 19, 2026

    Generac Investors Ask 7th Circ. To Revive COVID Sales Suit

    A pension fund has urged the Seventh Circuit to revive a securities class action accusing home generator company Generac Holdings Inc. and its top brass of failing to keep up with a surge in business during the COVID-19 pandemic, arguing the lower court erroneously found that the statements challenged by the suit were immaterial.

  • August 19, 2026

    Outcome Health Execs Owe $270M And Counting For Fraud

    Former Outcome Health executives who were convicted of a $1 billion fraud against investors, lenders and customers must repay $270.8 million to certain victims, though that amount will climb higher with additional calculation, an Illinois federal judge said Wednesday.

  • August 19, 2026

    SEC Seeks $850K From Disbarred Calif. Atty

    The U.S. Securities and Exchange Commission asked a Texas federal judge Wednesday to order a disbarred California attorney to pay more than $850,000 in disgorgement and civil penalties for his alleged participation in a $112 million pump-and-dump fraud scheme, arguing a maximum penalty is warranted "based on his egregious misconduct."

  • August 19, 2026

    Video Tech Co. Founder Gets 6 Years For Stock Fraud

    The founder of a Silicon Valley video streaming service was sentenced to six years in federal prison Wednesday for orchestrating a pump-and-dump stock fraud scheme that stole money from at least 100 investors.

  • August 19, 2026

    Footprint Investors Sue In Del. Over $500M Financing Deal

    Early investors in Footprint International Holdco Inc. have sued the sustainable packaging company, its directors and several institutional investors in the Delaware Chancery Court, alleging that insiders used a $500 million financing round to seize control of the company and strip longtime Class A investors of valuable stockholder rights.

  • August 19, 2026

    OCC Advancing Stablecoin Rule At 'Great Speed,' Gould Says

    The Office of the Comptroller of the Currency plans to issue the main rule establishing its stablecoin oversight framework by November and expects to be ready to process issuer licensing applications as soon as January, the agency's top official said Wednesday.

  • August 19, 2026

    CFTC Seeks Input On Derivatives To Hedge AI Costs

    The U.S. Commodity Futures Trading Commission is calling for expert feedback on a new type of derivative contract that could offer companies a way to hedge the cost of artificial intelligence development, with the agency's leader saying Wednesday that the market could help the country "win the AI race."

  • August 19, 2026

    SEC Sued In Fight Over $4.8M Victim Fund Payout

    A pair of real estate investment trusts have sued the U.S. Securities and Exchange Commission in North Dakota federal court, seeking to force the handover of $4.8 million that they allege they are owed as the primary victims of a fraud scheme the agency settled in 2023.

  • August 19, 2026

    Chipotle Beats Investor Suit Over Viral Burrito Size Backlash

    Chipotle Mexican Grill has permanently beaten an investor suit tied to social media-fueled complaints about its portion sizes, with a California federal judge finding that the suit failed to plausibly plead its securities fraud theories.

  • August 19, 2026

    CFTC Spares FTX's Ellison, Wang Fines For Cooperation

    Former FTX and Alameda Research executives Caroline Ellison and Gary Wang have agreed to trading and registration bans, but will not face financial penalties, as part of deals with the U.S. Commodity Futures Trading Commission to resolve fraud claims against them over their roles in the scheme that caused the crypto exchange and trading firm to collapse.

  • August 19, 2026

    NY Attorney Can't Arbitrate $33M Crypto Ponzi Scheme Case

    A Texas federal judge has ruled that New York attorney Peter D. Hatzipetros and two alleged co-conspirators can't send a lawsuit accusing them of defrauding investors of $33 million through a crypto Ponzi scheme to arbitration, saying none of the defendants had proved they could enforce the arbitration agreements against any of the plaintiffs.

  • August 19, 2026

    Google Gets $12.2B Option To Buy Stake In Chipmaker Marvell

    Marvell Technology has issued Google a warrant to buy up to 58.97 million shares of its common stock, worth about $12.2 billion at the warrant's exercise price, according to a Marvell securities filing Wednesday.

  • August 19, 2026

    Med Co. Director's Fiduciary Claims Not Covered, Judge Says

    A Nationwide unit had no duty to defend or indemnify a medical diagnostics company's directors against another director and shareholder's fiduciary breach allegations, a California federal court ruled, saying coverage was barred by an "insured v. insured" exclusion.

  • August 19, 2026

    Warshaw Burstein Adds Tax Pro From Foley & Lardner

    Warshaw Burstein LLP has added a Foley & Lardner LLP attorney to its tax and corporate and securities groups.

  • August 18, 2026

    SEC Proposes Long-Awaited Crypto Offering Exemptions

    The U.S. Securities and Exchange Commission on Tuesday unveiled plans to exempt some cryptocurrency offerings from its registration requirements and to create a safe harbor for some projects to eventually shed securities law obligations altogether.

  • August 18, 2026

    Easterly Fund Must Face Claims Over Illiquid Investments

    A New York federal judge has largely granted a dismissal bid in an investor class action over the collapse of the Easterly ROCMuni High Income Municipal Bond Fund, tossing challenged statements in the suit about the fund's valuation and investments in defaulted securities, but keeping claims tied to the fund's illiquid investments.

  • August 18, 2026

    Tricolor Execs Accused Of Securities Fraud By SEC

    The U.S. Securities and Exchange Commission on Tuesday sued the founder of bankrupt subprime auto lender Tricolor Holdings and two of its executives, accusing them of double pledging collateral and misrepresenting the debt pools they were offering to lenders.

  • August 18, 2026

    Black & Decker Retiree Seeks Cert. In BlackRock ERISA Suit

    A former Black & Decker employee who alleged the company failed to trim underperforming BlackRock investment funds from its 24,000-member retirement plan urged a Connecticut federal judge to grant class certification, arguing Monday common questions predominate over individualized issues, since the core allegations involve the defendant's administration of the plan. 

Expert Analysis

  • Fed Autonomy Rests On Narrow Exception After Justices Rule

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    The U.S. Supreme Court’s recent decisions in Trump v. Cook and Trump v. Slaughter expand presidential removal power while temporarily preserving the Federal Reserve’s independence, but there is uncertainty about which of the Fed’s authorities fall within the court’s narrow monetary-policy exception, says Keith Bradley at Squire Patton.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

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    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

  • Opinion

    Shareholder Derivative Litigation Needs A Better Framework

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    Uncoordinated, multiforum shareholder derivative litigation is a growing issue for corporate defendants that have little to no recourse for organizing and consolidating actions, but several commonsense steps should be utilized to preempt such disputes, say attorneys at Sullivan & Cromwell.

  • Del. Dispatch: The New 'Director Independence' Definition

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    The Delaware Court of Chancery's recent decision in Ayers v. Foley, its first interpretation and application of "director independence" as outlined in Section 144 of the Delaware General Corporation Law, suggests that the court will not limit the new section's reach, say attorneys at Fried Frank.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

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    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • 2 AI Washing Rulings Apply Familiar Securities Fraud Rules

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    Two recent federal court decisions to allow AI washing complaints to proceed begin to clarify the line between nonactionable optimism and actionable misstatements by framing the core issue as not overstating the promise of artificial intelligence, but misrepresenting the current state of a company's products, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • AI Governance Tips For Avoiding Securities Suits

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    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • 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.

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