Securities

  • May 29, 2026

    Luminar Exits Investor Suit Over Chip Image Rip-Off Claims

    Bankrupt autonomous vehicle technology company Luminar Semiconductor Inc. no longer faces a proposed investor class action over claims it passed off an image of a competitor's technology as its own, though the suit remains ongoing against a former Luminar executive.

  • May 29, 2026

    Hawaiian Electric Gets Final OK Of $100M Wildfire Deal

    A Hawaii federal judge has given final approval to a $100 million deal to settle a shareholder derivative suit alleging the directors and executives of Hawaiian Electric Industries Inc. failed to prepare for the deadly 2023 Maui wildfire.

  • May 29, 2026

    SEC Unveils Plan To End Biden-Era Climate Disclosure Regs

    The U.S. Securities and Exchange Commission on Friday put forth a proposal that would overturn a Biden-era regulation requiring publicly traded companies to disclose their greenhouse gas emissions, saying the rule fell outside the agency's "core mandate."

  • May 29, 2026

    REIT Take-Privates Pick Up As Valuation Gaps Persist

    Real estate investment trust take-private activity is showing signs of momentum after a relatively subdued period, as private capital and real estate investors increasingly converge around valuation gaps between public markets and underlying asset values.

  • May 28, 2026

    Financial Adviser Gets 2 Years For $3.7M Investment Fraud

    A Pennsylvania financial adviser was sentenced to more than two years in prison in federal court Thursday after copping to wire fraud stemming from a scheme where he transferred over $3.7 million from the bank account of a fund he managed to another client's account, to recoup investment losses.

  • May 28, 2026

    Kalshi Targets Minnesota Prediction Market Ban In New Suit

    Kalshi is taking aim at a Minnesota ban on prediction markets that it says would turn it into a felon for operating in the state, filing a suit that follows a similar bid by the U.S. Commodity Futures Trading Commission to block the state law.

  • May 28, 2026

    SEC OKs Paxos As 1st 'Blockchain-Native' Clearing Agency

    Blockchain infrastructure firm Paxos said Thursday that the U.S. Securities and Exchange Commission has signed off on its clearing agency registration for blockchain-based settlement in what Paxos said is a first-of-its-kind approval.

  • May 28, 2026

    2nd Circ. Cites Macquarie Case In Tossing Gap Investor Suit

    The Second Circuit on Thursday upheld the dismissal of a proposed class action accusing The Gap Inc. of misleading investors about demand for its Old Navy brand's plus-size clothing line, ruling that the plaintiffs couldn't overcome a test imposed by the U.S. Supreme Court in 2024's Macquarie decision.

  • May 28, 2026

    Ex-TD Bank Worker Admits Role In $3M Customer Fraud Scam

    A former TD Bank NA financial service representative entered a plea deal in New Jersey federal court Wednesday, admitting to defrauding bank customers and bribing an employee at another financial institution to falsify bank records to facilitate a $3.4 million fraud scheme.

  • May 28, 2026

    Judge To Alter Critique Of Investor Vying To Be Lead Plaintiff

    A Texas federal judge on Thursday acknowledged a potential "black mark" against an investor who vied to be lead plaintiff for a subclass of investors who allegedly bought McDermott International Inc. stock at artificially inflated prices, agreeing to amend an order critical of him.

  • May 28, 2026

    SEC Says AI Crypto Trading Bot Was $12M Ponzi Scheme

    The U.S. Securities and Exchange Commission on Thursday accused a Texas man of lining his pockets with millions of dollars in investor funds that he falsely promised would be used to trade cryptocurrency using an artificial intelligence-operated bot.

  • May 28, 2026

    Zoetis Hit With Investor Suit Over Slowed Pet Drug Sales

    Animal health company Zoetis Inc. has been hit with a proposed shareholder class action accusing it of misleading investors about its growth prospects amid rising competition and shifting trends in the veterinary industry.

  • May 28, 2026

    SEC Fines David Lerner Associates For Reg BI Violations

    New York-based brokerage firm David Lerner Associates Inc. will pay $200,000 to settle U.S. Securities and Exchange Commission claims that the firm failed on over 200 occasions to exercise reasonable care in recommending mutual fund shares to customers that caused them to pay higher transaction costs.

  • May 28, 2026

    Judge Backs Cannabis Landlord In Investor Suit Over Defaults

    A Maryland federal judge found that a landlord of cannabis companies can't be held liable after four tenants defaulted on their leases, ruling that shareholders missed clues about the defaults found in public records and failed to show what the property owner knew beforehand.

  • May 28, 2026

    GMO Trust Investors Get Final OK For $6.8M Deal

    GMO-Z.com Trust and buyers of the GYEN stablecoin have received final approval of a $6.8 million deal to end the buyers' claims they suffered losses when the coin was "de-pegged" from the Japanese yen.

  • May 28, 2026

    Chancery Tosses Insider Financing Suit Against Ayala Brass

    The Delaware Chancery Court has dismissed a stockholder derivative suit against several venture capital investors and directors of biotechnology company Ayala Pharmaceuticals Inc., ruling that the plaintiff failed to show the board could not independently evaluate litigation over a disputed 2023 financing deal.

  • May 28, 2026

    CFTC Seeks To Join Kalshi Fight Over Rhode Island Ban

    The U.S. Commodity Futures Trading Commission asked a Rhode Island federal judge to join Kalshi in its suit against the state of Rhode Island on Thursday, extending the commission's campaign to assert its regulatory authority over prediction markets.

  • May 28, 2026

    Mark Cuban Beats Bid To Move Crypto Investor Suit To Texas

    A Miami federal judge won't send dismissed crypto promotion claims against Mark Cuban and the Dallas Mavericks to Texas, noting the investors seeking to move the suit strenuously fought the move earlier in the litigation and now "decline to explain why their current about-face should be excused."

  • May 28, 2026

    King & Spalding Blocked From Exiting $300M Fraud Lawsuit

    King & Spalding LLP and Lennon Murphy & Phillips LLC can't withdraw from representing clients in consolidated litigation over an alleged $300 million stock swindle, a Connecticut state court judge has ruled, saying the firms' motions ahead of a June trial lack good cause.

  • May 28, 2026

    Ex-Reebok CEO Says Biotech Investor Suit Was Shakedown

    Former Reebok CEO and billionaire philanthropist Paul Fireman said a "baseless" shareholder lawsuit against him and a biotech company he later sold to Janssen Pharmaceuticals Inc. for $85 million was an effort to get him to "cave" to demands for more money, according to a complaint filed in Massachusetts state court Wednesday.

  • May 28, 2026

    Split Fed. Circ. Says $452M Trade Secret Case Was Untimely

    A split Federal Circuit panel on Thursday erased Insulet Corp.'s trade secret victory against EOFlow Co. Ltd., holding that the medical device maker filed its claims too late and reversing a $452 million jury verdict that was later reduced to $59.4 million.

  • May 28, 2026

    Commerce Department Senior Counsel Joins MoFo In DC

    A senior counsel in a U.S. Commerce Department office focused on providing legal support to the Bureau of Industry and Security has moved to Morrison Foerster LLP's national security group in Washington, D.C., the firm announced Wednesday.

  • May 27, 2026

    Google Worker Charged With $1.2M Polymarket Insider Fraud

    A Google software engineer faces charges that he made more than $1.2 million by placing insider bets on Polymarket using the search giant's confidential data, and then tried to conceal his proceeds and actions, according to criminal and civil complaints unveiled Wednesday in New York federal court.

  • May 27, 2026

    CFTC Agrees To Abandon Biden-Era Gemini Crypto Settlement

    The U.S. Commodity Futures Trading Commission and the Winklevoss-owned crypto exchange Gemini have asked a New York federal court to vacate a $5 million settlement ending allegations that Gemini misrepresented a bitcoin futures contract, telling the court that the agency now believes its complaint shouldn't have been filed.

  • May 27, 2026

    Ex-Doximity Exec Gets 2 Years For Insider Trading Scheme

    The former chief revenue officer of medical professional networking platform Doximity Inc. has been sentenced by a New York federal judge to just over two years in prison for securities fraud related to his trading on inside information before the company's earnings calls, prosecutors announced Wednesday.

Expert Analysis

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Del. Dispatch: Workplace Sexual Misconduct Liability In Flux

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    Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.

  • 4th Circ. D&O Ruling Shows Why Textual Policy Args Are Best

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    The Fourth Circuit's recent decision in favor of the insurer in Navigators Insurance v. Under Armour highlights how plain-text policy interpretation protects party autonomy and improves predictability to the benefit of both insurers and insureds, say attorneys at Zelle.

  • Should Prediction Markets Allow Trading On Nonpublic Info?

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    Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Coinbase Ruling Outlines Litigation Committee Conflict Risks

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    The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • OCC Mortgage Escrow Rules Add Fuel To Preemption Debate

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    Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.

  • When Tokenized Real-World Assets Collide With Real World

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    The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • Opinion

    Corporations Should Think Twice About Mandatory Arbitration

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    The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Navigating New Risks Amid Altered Foreign Issuer Landscape

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    The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

  • Open Questions After Defense Contractor Executive Order

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    The scope and long-term effects of President Donald Trump’s executive order on the U.S. defense industrial base are uncertain, but the immediate impact is significant as it appears to direct the U.S. Department of Defense to take a more active role in contractor affairs, say attorneys at Morgan Lewis.

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