Securities

  • October 23, 2026

    Insurer Can't Exit Captive Carrier Fight, NC Justices Rule

    The North Carolina Supreme Court on Friday backed a state Business Court decision denying a Georgia insurance company's bid to dismiss third-party claims brought against it in a shareholder dispute over the demise of a defunct captive insurer.

  • October 23, 2026

    Conn. Investment Adviser Admits To $3.3M Brokerage Fraud

    A Connecticut investment adviser and broker-dealer faces up to 20 years in federal prison after admitting to causing $3.3 million in losses to three financial services companies by using fraudulent bank transfers to fund fruitless options trading.

  • October 23, 2026

    SEC To Check Firms' Preparedness For AI Cyberattacks

    The U.S. Securities and Exchange Commission said Friday that it plans to scrutinize financial firms' use of artificial intelligence in order to ensure that the companies are guarded against cybersecurity attacks.

  • October 22, 2026

    Domino's Must Face Investor Suit Over Overseas Growth

    A Michigan federal judge Thursday refused to throw out a proposed securities class action against Domino's Pizza Inc., finding that the investor plaintiff has adequately alleged that the pizza chain knew a major franchisee would underperform when the company made positive, forward-looking statements to shareholders.

  • October 22, 2026

    Investors Say AST Hid Failures, Made $277M In Insider Sales

    AST SpaceMobile has been hit with a lawsuit accusing the satellite designer and manufacturer of misleading shareholders about the company's prospects amid mounting competition from Starlink, resulting in a drop in the stock's value.

  • October 22, 2026

    NextEra Investors Try Again On $150M Deal After 1st Denial

    NextEra investors are again looking for approval of their $150 million settlement to their lawsuit accusing NextEra of political interference after a Florida federal judge rejected their initial attempt over supposed deficiencies, providing the court with more detail on how the deal was calculated and benefits to class members.

  • October 22, 2026

    Skechers Accused Of Using Tariffs To Shortchange Investors

    Skechers USA Inc. is facing a lawsuit in California federal court accusing it of overstating the impact that tariffs would have on its business in order to defraud investors into agreeing to a $9.4 billion take-private transaction.

  • October 22, 2026

    Broad Street CEO Says Investors Agreed To Illiquidity Risk

    Broad Street Global Management LLC CEO David Feingold defended the private equity firm's actions Thursday, telling a Florida federal judge that agreements with investors in the $1 billion fund make clear that there was no guarantee of liquidity in their investments.

  • October 22, 2026

    9F, Investors Reach $6.5M Deal To End IPO Fraud Claims

    Investors of Chinese fintech 9F Inc. have reached a $6.5 million deal with the online lending platform to resolve claims that the company hid its financial woes and failed to disclose an "illegal arrangement" that investors said it had with an insurance carrier.

  • October 22, 2026

    PE Giants In Talks With NFL As Nscale Gets Heat Over IPO

    Blackstone and Apollo are in talks with the NFL about potential investment in teams, Nscale is working on a potential $45 billion deal to provide Anthropic with compute power as the data center developer faces questions over its lofty IPO valuation, and private equity-backed financial technology company IntraFi could be up for sale valued at more than $10 billion. 

  • October 22, 2026

    Treasury Proposes Barring Big Investors From Buying Homes

    The U.S. Department of the Treasury has proposed a rule that would bar large institutional investors from buying single-family homes, absent specific exceptions, saying Thursday that the proposal aims to "make homeownership more affordable for hardworking Americans."

  • October 22, 2026

    JPMorgan, Ex-Frank Execs Clash Over $2.1M In Legal Fees

    JPMorgan Chase & Co. faced renewed demands in the Delaware Chancery Court on Thursday to pay about $2.1 million in withheld legal fees for convicted Frank founder Charlie Javice and former executive Olivier Amar, as their lawyers accused the bank of using repeated billing objections to delay funding for their criminal defenses.

  • October 22, 2026

    2 Firms To Lead Roblox Age-Verification Investor Action

    A California federal judge has appointed Johnson Van Kwawegen LLP and Grant & Eisenhofer PA as co-lead counsel of a consolidated proposed class action filed by investors who allege they lost $48 million to a stock drop driven by Roblox Corp.'s age verification system.

  • October 21, 2026

    Coinbase Defeats Investor Suit Over Regulatory Disclosures

    A Pennsylvania federal judge on Wednesday threw out an investor's proposed class action accusing Coinbase of not being up front with shareholders about its regulatory compliance, ruling that the company's statements about its anti-money laundering measures weren't false or misleading.

  • October 21, 2026

    SEC Nabs Ruling Against Man Behind Hotel Investment Fraud

    A California federal judge granted the U.S. Securities and Exchange Commission a summary judgment win Wednesday in the commission's suit accusing a Los Angeles businessman of running two securities fraud schemes involving investments in U.S.-based hotels, saying it was clear the co-founder made material false statements to investors.

  • October 21, 2026

    Fla. Judge Mulls Tossing Stock Fraud Indictment Over Delay

    A Florida federal judge on Wednesday declined to rule on whether to toss an indictment against a man accused of stock fraud conspiracy, saying the court should first weigh additional evidence that the government tried its best to prosecute the five-year-old case.

  • October 21, 2026

    SEC Crypto Offering Plan Draws State Outcry, Industry Ideas

    States and watchdog groups told the U.S. Securities and Exchange Commission to withdraw what they deemed a dangerous plan to exempt certain crypto offerings from registration requirements, while the crypto industry backed the proposal in comment letters that urged the agency to let exempted issuers raise even more from investors.

  • October 21, 2026

    Gemini Says Crypto Downturn Sank Stock Post-IPO, Not Fraud

    Crypto exchange operator Gemini Space Station Inc. and some of its current and former executives and directors, including founders Tyler and Cameron Winklevoss, say an overall downturn in the cryptocurrency market is responsible for the exchange operator's plans to shift focus to the prediction market, and the risk of the shift was fully disclosed to investors.

  • October 21, 2026

    Game Co. Investors Seek OK Of $13M Deal On Valuation

    Investors of online gaming company Shanda Games Ltd. have asked a New York federal court to preliminarily approve a $13 million settlement that would end claims the company severely and intentionally undervalued a 2015 going-private transaction.

  • October 21, 2026

    Marex Says Developer Sank CME Ventures Investment Deal

    Financial services firm Marex Capital Markets and two of its executives have sued a British software developer in Illinois federal court, alleging the developer sabotaged a potential investment by CME Group's venture capital arm in Marex's options-trading platform by secretly accusing them of stealing trade secrets, committing fraud and violating exchange rules.

  • October 21, 2026

    Data Center Co. Looks To Toss Investors' Gas Wells Suit

    A data center infrastructure company told a Texas federal court to toss a proposed securities fraud class action that accused the company of damaging its stock value because of a hidden gas well transfer deal and a fraud lawsuit filed by New Mexico.

  • October 21, 2026

    Crypto Broker Gets 13 Years For Laundering Drug Money

    A Manhattan federal judge hit a Colombian cryptocurrency broker with over 13 years in prison Wednesday after he copped, along with a businessman with ties to the Cartier family, to laundering $14.5 million worth of Tether that facilitated narcotics transactions.

  • October 21, 2026

    Fund Manager Challenges Chancery's Congo Palm Oil Ruling

    An investment fund manager and three affiliated entities urged the Delaware Supreme Court Wednesday to overturn a ruling that stripped them of interests in a Congolese palm oil business, arguing it handed fellow investor Kuramo Capital Management LLC an enormous windfall, while Kuramo defended the unusual remedy as necessary to protect its investment from the manager's misconduct.

  • October 21, 2026

    Squire Patton Lands Akerman's Public Finance Co-Leader

    Squire Patton Boggs LLP announced Wednesday that it has added the co-chair of Akerman LLP's public finance group to bolster its capacity to handle public finance, healthcare finance and other matters.

  • October 21, 2026

    Blank Rome Lands 4 Hogan Lovells Commodities Lawyers

    Blank Rome LLP has brought on a four-attorney, New York-based commodities team from Hogan Lovells Cadwalader that advises clients in the financial services and energy industries.

Expert Analysis

  • Opinion

    The SEC Crypto Proposal Rests On A Term No One Can Define

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    The U.S. Securities and Exchange Commission's recently proposed Regulation Crypto Assets is its most ambitious attempt to set rules for the crypto industry, but its repeated use of the phrase "essential managerial efforts" means it perpetuates the uncertainty the regime is meant to cure, says Joseph A. Hall at Davis Polk.

  • Navigating Dueling Regulations For Bank Investment Advisers

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    Recent U.S. Securities and Exchange Commission examination findings show that investment advisory activities remain an active area of regulatory focus, and reinforce the need for banks to assess intersecting compliance obligations, say attorneys at Fredrikson.

  • Series

    Being In The Peace Corps Made Me A Better Lawyer

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    When I served in the Peace Corps, the people of the West African village where I was stationed helped me acclimate to my new surroundings and enabled me to develop problem-solving, teamwork and empathy skills that have bolstered my legal practice far beyond the ability to offer technical advice, says Brian Bewley at McGuireWoods.

  • Measuring Shareholder Harm In Death Spiral Convertibles

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    As convertible structures have recently regained prominence, it's important to revisit the so-called floating-price death spiral convertible and how to quantify the losses for shareholders when disputes arise, says Pavithra Kumar at Conexig.

  • Unpacking FDIC's Modernized Bank Merger Review Rules

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    The Federal Deposit Insurance Corp.'s proposed revisions to its Bank Merger Act review process are a shift from its more skeptical prior posture toward a more structured and transaction-facilitative approach, though some broader uncertainty remains concerning antitrust alignment with the U.S. Department of Justice, say attorneys at Simpson Thacher.

  • White House AI Accord Could Reshape Reasonable Care

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    President Donald Trump's recent joint commitment on frontier responsibilities — signed by leaders of Google, Anthropic, Meta and more — may pose legal risks for nonsignatories, as businesses using artificial intelligence may find the accord's safeguards cited against them as evidence of what reasonable care requires, says Peter Schildkraut at Arnold & Porter.

  • Del. Ruling Shows How AI Meeting Transcripts Can Backfire

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    In ATG Capital Opportunities Fund v. Lane, the Delaware Court of Chancery reviewed board meeting transcripts generated by an artificial intelligence tool as part of its assessment of the board's motivations, highlighting potential risks of AI-generated corporate records, say attorneys at Debevoise.

  • Dissecting Dodd's, Gensler's Prediction Market Amicus Briefs

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    Former Sen. Chris Dodd and former U.S. Commodity Futures Trading Commission Chairman Gary Gensler's recent amicus briefs in support of New Jersey's petition for U.S. Supreme Court review of Kalshi v. Flaherty draw on legislative history to counter the CFTC's claim of federal preemption over the prediction markets, says Trace Schmeltz at Steptoe.

  • OCC Plan May Bring Data Sharing Flexibility, Diligence Issues

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    The Office of the Comptroller of the Currency's recent proposal to overhaul its supervisory information sharing regime for the first time in decades would provide important flexibility to banks, but it could create new issues around confidentiality agreements, disclosure controls and diligence processes, say attorneys at Simpson Thacher.

  • 5 Prediction Market Queries For Every League, Athletic Dept.

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    The NFL's recent amicus brief urging the U.S. Supreme Court to resolve a circuit split over regulating prediction markets and operators like Kalshi raises important, enterprisewide governance questions for leagues, teams and athletic departments, and highlights that regulatory oversight and institutional integrity are related but distinct, say attorneys at Robins Kaplan.

  • Planning For D&O Exclusions As Risks Mount For Banks

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    Banks should scrutinize directors and officers exclusions for artificial intelligence, disclosure and cybersecurity risks during policy renewal negotiations to preserve coverage amid the current uptick in insurer scrutiny and related shareholder litigation, say attorneys at Jones Walker.

  • Why The SEC Proposed Rescinding Its 'Pay-To-Play' Rule

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    The U.S. Securities and Exchange Commission's recent proposal to nix its pay-to-play rule governing political contributions by investment advisers follows years of industry advocacy and commissioner criticism that it suppresses political speech and affects hiring, say attorneys at Simpson Thacher.

  • SEC's Insider Trading Duty Rule May Face Loper Bright Test

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    In U.S. v. Jennings, pending in New Jersey federal court, the defense has an opportunity to challenge the rule defining the boundaries of the misappropriation theory of insider trading under Loper Bright, as the only litigated case testing the rule's limits relied on Chevron deference, say attorneys at O'Melveny.

  • Series

    Fintech Regulator Outlook: Collaboration In North Dakota

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    The recent speed of new digital asset products entering the market continues to introduce compliance challenges, so regulators and companies alike must examine the intersection of artificial intelligence, cybersecurity, collaboration and modernization to navigate regulatory complexity, says Lise Kruse at the North Dakota Department of Financial Institutions.

  • As Congress Stalls, SEC Hits Go On 'Innovation Exemption'

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    While the U.S. Securities and Exchange Commission's recently issued innovation exemption to facilitate on-chain trading of certain tokenized stocks isn't a replacement for a comprehensive legislative framework, it reduces the likelihood that further congressional delay will freeze market development, says Stephen Aschettino at Fox Rothschild.

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