Securities

  • May 19, 2026

    Data Security Firm Inflated Subscription Growth, Investor Says

    An artificial intelligence-powered data management and security company overestimated its annual revenue growth by $6 million, leading to inflated stock sales and dramatic losses, according to a proposed investor class action filed in New Jersey federal court Monday.

  • May 19, 2026

    CFTC Sues Minnesota Over Law Banning Prediction Markets

    The U.S. Commodity Futures Trading Commission sued Minnesota on Tuesday to block a newly enacted ban on prediction markets, the sixth state the CFTC has taken to federal court to assert control over regulation of the markets.

  • May 19, 2026

    Alphabet Investors Win Class Cert. In Ad Auction Suit

    A California federal judge certified a class of Alphabet investors accusing Google and CEO Sundar Pichai of misleading the market about whether its digital ad auctions favored Facebook's advertising network, finding common questions outweigh individualized issues.

  • May 19, 2026

    Webster Bank Investor Drops Suit Over $12B Santander Sale

    A shareholder of Webster Financial Corp. withdrew with prejudice his lawsuit alleging the bank's expected $12.3 billion cash-and-stock sale to Banco Santander SA undervalued Webster while enriching its CEO, according to a notice filed in Connecticut state court Monday.

  • May 19, 2026

    Investor Who Lost $586K To Lead McDermott Stock Suit Subclass

    A Texas federal judge has appointed a man who claims some $586,833 in losses to lead a subclass of stock purchasers in a suit accusing energy industry engineering giant McDermott International Inc. of misleading investors during its $6 billion merger with Chicago Bridge & Iron Co. NV in 2018.

  • May 19, 2026

    NJ Plans To Take 3rd Circ. Kalshi Loss To US Supreme Court

    New Jersey plans to seek U.S. Supreme Court review of a recent Third Circuit decision that upheld an injunction on the state's attempt to ban sports prediction markets, according to a joint status report filed by the state and KalshiEx LLC in New Jersey federal court. 

  • May 19, 2026

    Novo Nordisk Says Investor Suit Pleadings Are Impermissible

    Novo Nordisk AS urged a New Jersey federal court to toss a proposed securities class action accusing it of misleading investors about its 2025 revenue outlook, arguing that the plaintiffs failed to plead any materially false or misleading statements.

  • May 19, 2026

    Del. Judge Pushes Firms To Back Up 2nd Bid To DQ Her

    A Delaware vice chancellor has told Friedlander & Gorris PA and two other firms to provide more information in their second bid to disqualify her from presiding over Chancery Court litigation because she previously was an attorney at Skadden Arps Slate Meagher & Flom LLP.

  • May 19, 2026

    Ex-Trader Says Crypto Co.'s Bid For Sanctions Is 'Unfounded'

    A former trader said a cryptocurrency company is using an "unfounded" characterization of his deposition conduct to seek sanctions and lend credence to facts it hasn't otherwise been able to prove in its suit accusing him of usurping $8.1 million in digital assets.

  • May 19, 2026

    Brother May Pay Ex-BigLaw Atty's Legal Fees In Insider Case

    A former BigLaw associate charged with orchestrating a sweeping insider trading scheme can have his legal expenses covered by his co-defendant brother if the two waive potential conflicts, a Massachusetts federal magistrate judge said Tuesday.

  • May 19, 2026

    THL Partners' Agiliti Buyout Suit To Settle For $32M

    A proposed $32 million settlement would end consolidated Delaware Chancery Court litigation challenging private equity firm Thomas H. Lee Partners LP's $2.5 billion take-private acquisition of medical equipment company Agiliti Inc., resolving claims that minority stockholders were squeezed out at an unfair price.

  • May 19, 2026

    Investors Seek To Halt $16B Argentina Award Amid US Appeal

    A group of minority shareholders of a nationalized oil company urged a court on Tuesday to stay English proceedings that seek to enforce a now-overturned $16 billion judgment in New York against Argentina while a U.S. appeal is underway.

  • May 18, 2026

    Nikola Founder Accused Of Dodging $2.5M Settlement Share

    Nikola Corp. founder Trevor Milton "has not paid a dime" of his $2.5 million share of an eight-figure settlement resolving shareholder litigation over a fraud-shadowed special purpose acquisition company merger, the bankrupt electric vehicle company's trustee claims, asking the Delaware Chancery Court to hold the billionaire in contempt.

  • May 18, 2026

    Pot Co. Fraud Suit Over $13M Tax Debt Ends In Settlement

    Investors have agreed to end a lawsuit against the former CEO of cannabis firm Devi Holdings Inc., claiming the executive and early investors hid over $13 million in unpaid taxes to induce $25.9 million in stock purchases that later became worthless, according to a Florida federal judge's order.

  • May 18, 2026

    FirstEnergy Urges 6th Circ. To Again Nix Investors' Class Cert.

    FirstEnergy Corp. is once again asking the Sixth Circuit to curb a class action alleging it defrauded investors by hiding its involvement in a $1.3 billion bribery scandal, urging the court to overturn class certification a second time.

  • May 18, 2026

    Ex-Austrian Bank CEO To Plead Out In $170M Odebrecht Case

    The former CEO of Austrian lender Meinl Bank AG who was extradited from the U.K. has reached a tentative deal to resolve criminal charges that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government, a Brooklyn federal court heard Monday.

  • May 18, 2026

    Judge Lauds Wells Fargo Settlement In 'Fake' Diversity Suit

    A California federal judge has given final approval to a deal between Wells Fargo investors and executives in a derivative suit claiming the bank's leadership failed to address the company's discriminatory lending practices and engaged in "fake" interviews with diverse candidates, calling the assistance fund resulting from the settlement "significant."

  • May 18, 2026

    Florida Bank Shareholder Wins Injunction Over Bylaw Changes

    A Florida bank must hold off on selling its assets and postpone its annual shareholder meeting, a federal judge ruled, saying the bank's biggest shareholder presented credible evidence suggesting that the directors rigged corporate bylaws to keep themselves in charge following a federal crackdown on the bank's cannabis-related business.

  • May 18, 2026

    Real Estate Broker Gets 55 Months In $2.25M Investor Fraud

    A former real estate professional was sentenced to 55 months in prison by a Washington federal judge on Friday, after being convicted for conning $2 million from investors that would purportedly go toward purchasing and renovating properties, but was actually used to buy, among other things, a customized Tesla and a diamond ring.

  • May 18, 2026

    House Ag Leaders Urge Trump To Fill Bipartisan CFTC Seats

    Leaders of the House agriculture committee are jointly urging President Donald Trump to nominate bipartisan candidates to the U.S. Commodity Futures Trading Commission to serve alongside lone Republican Chairman Michael Selig.

  • May 18, 2026

    Fintech Yotta To Pay Calif. $1M Over False FDIC Claims

    California's Department of Financial Protection and Innovation has brought two fintech-focused actions, levying a $1 million fine against a partner of collapsed fintech Synapse and separately mandating a bitcoin ATM operator shut down its kiosks in the state.

  • May 18, 2026

    Chancery Sends Sinovac Biotech Suit To Antigua And Barbuda

    The Delaware Chancery Court on Monday dismissed a shareholder suit against Sinovac Biotech Ltd. and several investors, ruling a fight over control of the China-based vaccine maker belongs in Antigua and Barbuda, where Sinovac is incorporated, rather than in Delaware courts.

  • May 18, 2026

    American Express Hit With 401(k) Target-Date Fund Suit

    Former American Express workers hit the credit card giant with a proposed class action in New York federal court, alleging that underperforming target-date and other investment funds in the company's 401(k) plan — with approximately $9 billion in assets and 40,000 participants — lost workers hundreds of millions in future savings.

  • May 18, 2026

    Ex-Willkie Atty Banned By SEC For Insider Trading

    A former Willkie Farr & Gallagher LLP mergers and acquisitions attorney who earlier this month admitted to taking part in a widespread BigLaw insider trading scheme will be barred from representing a client before the U.S. Securities and Exchange Commission for a minimum of four years, according to an order the agency issued Monday.

  • May 18, 2026

    Justices Skip Review Of Accountant Strict Liability Standard

    The U.S. Supreme Court on Monday declined to review a Ninth Circuit decision holding that legal liability does not extend to auditors who certify a client's financial statements for initial public offerings, even if those statements are later found to contain alleged misstatements.

Expert Analysis

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • AG Watch: Ohio Targets DEI Policies

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    As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.

  • Tax Court Ruling Signals Cross-Border Loan Scrutiny

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    The U.S. Tax Court’s recent decision in Aventis v. Commissioner compounds ongoing regulatory focus on debt originations and should prompt practitioners to assess their existing cross-border lending structures for potential exposure to U.S. federal income tax, say attorneys at Eversheds.

  • Del. Coinbase Outcome May Have Been Different In Texas

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    The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.

  • Why The NCUA's Stablecoin Moment Matters

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    The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.

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