Securities

  • October 20, 2026

    Zymergen Investors Win Final OK Of $125M IPO Deal

    Investors in the now-defunct biotechnology company Zymergen received final approval of their $125 million deal ending claims that the company misled shareholders ahead of its initial public offering, while plaintiffs' attorneys also had their fee request approved. 

  • October 20, 2026

    Polymarket Calls Ohio's Gaming Enforcement Unconstitutional

    Polymarket has sued Ohio officials in federal court to stave off an enforcement action under the state's gambling laws, arguing its sports event contracts are under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission and that the state's gaming regulations unlawfully discriminate against interstate commerce.

  • October 20, 2026

    Hughes Satellite Keeps Control Of Ch. 11 Case For Now

    A Texas bankruptcy judge on Tuesday allowed telecommunications company Hughes Satellite Systems Corp. to retain its exclusive right to file a Chapter 11 plan until Dec. 1, rejecting a noteholder challenge to the debtor's control of its case while cautioning that the debtor could soon run out of money.

  • October 20, 2026

    London Stock Exchange Can't Nix MayStreet Suit, Judge Says

    The Delaware Chancery Court has refused to toss a suit accusing the London Stock Exchange Group PLC and a few of its subsidiaries of luring MayStreet Inc.'s co-founder and former CEO into selling the company with false promises of growth and then failing to honor post-closing obligations under the merger contract.

  • October 20, 2026

    8th Circ. Panel Doubts Investors' Medtronic Insulin Pump Suit

    The Eighth Circuit appeared skeptical Tuesday of investors' bid to revive allegations that medical device company Medtronic failed to properly communicate problems with an insulin pump device it manufactured and was ultimately recalled, with judges questioning arguments that certain interactions between the company and regulators weren't properly disclosed.

  • October 20, 2026

    3 Firms Steer $1.97B Tradeweb, Trumid Credit Trading Deal

    Tradeweb Markets Inc. has agreed to acquire credit trading marketplace Trumid Holdings for approximately $1.97 billion, as the fixed-income trading platform looks to expand its presence across the bond life cycle.

  • October 19, 2026

    Justices Asked To Resolve Nonsignatory Arbitration Split

    A trading firm is urging the U.S. Supreme Court to finally resolve whether an arbitrator or a court should decide the proper venue for a dispute involving a nonsignatory to an arbitration agreement, as it fights a Seventh Circuit opinion keeping a putative securities class action in court.

  • October 19, 2026

    Justices Urged To Hear Case Targeting FINRA Enforcement

    The U.S. Supreme Court has been asked to hear a case challenging the ability of the Financial Industry Regulatory Authority to impose fines through an in-house disciplinary procedure with a broker who was penalized by the regulator, telling the justices that it was "futile" to first bring his constitutional arguments before the U.S. Securities and Exchange Commission.

  • October 19, 2026

    SEC Says Cleaning Tech Co.'s Revenue Woes Were Concealed

    The U.S. Securities and Exchange Commission has sued an ex-executive and a board member of a now-dissolved sanitation technology company, accusing them of concealing the company's unfavorable financial state and NASCAR team sponsorship commitment from investors during a 2021 financing round.

  • October 19, 2026

    SEC Official Tells Advisers Not To Wait For AI Guidance

    The director of the U.S. Securities and Exchange Commission's Investment Management Division said that advisers should not "wait for regulators to hold your hands" as they use artificial intelligence, saying regulatory guidance may be "too limited and too late."

  • October 19, 2026

    Apple Wants Fake Crypto Wallet Apps Suit Tossed

    Apple has urged a California federal judge to toss a suit alleging it failed to warn consumers about fraudulent cryptocurrency wallet apps available on its App Store and the risk of cryptocurrency theft posed by those apps, saying the suit is deficient since it seeks to hold the tech giant liable for the conduct of third-party criminal scammers.

  • October 19, 2026

    CoinFund, Co-Founder Clash Over $230K Equity Cashout

    A co-founder of cryptocurrency investment firm CoinFund and his former business partners clashed in Delaware Chancery Court on Monday over whether a roughly $230,000 cashout offer for his 25% stake complied with their agreements or was part of a scheme to deprive him of a more valuable ownership interest.

  • October 19, 2026

    5th Circ. Unwinds Cassava Class Over 'Meme Stock' Claims

    The Fifth Circuit has overturned the class status of investors accusing Cassava Sciences Inc. of making misleading statements about clinical trial results for a potential Alzheimer's drug, saying that a lower court judge did not properly consider the company's arguments that its stock price was impacted by the "meme stock" craze.

  • October 19, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week blocked Cloudflare Inc. from completing a restructuring meant to preserve its founders' voting control, while Tower Semiconductor Ltd. accused Intel Corp. of backing out of a semiconductor manufacturing agreement and social media company Triller Group Inc. challenged its removal from Nasdaq.

  • October 19, 2026

    SEC Says Ex-CEO's Hidden Stock Trades Are 'Undisputed'

    The U.S. Securities and Exchange Commission has asked a New York federal court for a partial early win in its suit against the former CEO of a fintech firm it claims made secretive purchases of his own company's stock in order to inflate the price, saying he "undisputedly" failed to file certain required disclosure documents.

  • October 19, 2026

    BofA Sued After $1.2B Fine For AML Compliance Gaps

    After the U.S. Department of the Treasury fined it $1.2 billion for anti-money laundering and financial-crime compliance system failures, Bank of America is facing two class actions asserting similar claims, including that it failed to monitor more than $5 billion in suspicious transactions.

  • October 16, 2026

    Texas Court Revives REIT's Claims Over Short Seller Article

    A Texas appellate court has partially revived a suit by a farmland-centered real estate investment trust against a Texas hedge fund that allegedly helped pen a defamatory article while short selling the REIT, saying the REIT pled valid business disparagement claims.

  • October 16, 2026

    Wells Fargo Beats Ex-CEO's $34M Back-Pay Lawsuit

    Wells Fargo prevailed in a California state court battle with its former CEO Timothy Sloan over roughly $34 million in compensation he has accused it of wrongfully withholding after his 2019 departure from the bank amid intense public scrutiny of its compliance record.

  • October 16, 2026

    Gildan Carried On 'Channel Stuffing' Scheme, Investor Says

    Gildan Activewear Inc. pumped distributors with extra inventory to create an appearance of revenue growth, alleges a putative securities class action filed in New York federal court that cites short-seller firm Jehoshaphat Research's exchanges with a former employee and customers of the Canadian apparel manufacturer.

  • October 16, 2026

    Novig Sues Missouri To Shield Sports Contracts

    Sports wagering platform Novig sued Missouri Friday to fend off a potential enforcement action over its sports event contracts after the state told several prediction market platforms to register with state gaming regulators or close up shop.

  • October 16, 2026

    Del. Blocks Cloudflare Founder Control Recapitalization

    The Delaware Chancery Court on Friday barred Cloudflare Inc. from moving forward with a recapitalization designed to preserve co-founders Matthew Prince and Michelle Zatlyn's voting control, finding that stockholders had shown a reasonable chance of proving that a special committee acted to appease the founders rather than advance the company's interests.

  • October 16, 2026

    Nasdaq Sued Over Delisting Of Social Media Co.

    A social media company that has pitched itself as an alternative to TikTok has sued Nasdaq in Delaware Chancery Court, asking the court to relist its shares while it fights what it says was an "arbitrary and capricious" decision to boot the company off the exchange.

  • October 16, 2026

    Extreme Networks Inks $51M Deal In Investors' Sales Dip Suit

    Software company Extreme Networks said Friday it has reached a $51 million settlement with its shareholders to end their claims that the company misled them about its financial prospects during the COVID-19 pandemic.

  • October 16, 2026

    Nikola Ex-CEO Says FBI Agent's Tweets Spooked Witness

    Trevor Milton, the founder and former CEO of Nikola Corp., has sued an FBI agent and a witness who testified against him at his New York federal court trial, accusing them of working together in a coordinated campaign to intimidate a witness in Milton's defense via personal attacks on social media.

  • October 16, 2026

    Target Says It Warned Investors About Pride Merch Backlash

    Target Corp. told a Minnesota federal court it should be released from a class action alleging it "betrayed" investors with Pride-themed merchandise that they claim was "exceptionally offensive," saying the company sufficiently warned investors about the potential backlash to the campaign.

Expert Analysis

  • 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.

  • What Lawyers Should Know Before Accepting Crypto Payment

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    As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

  • Where The 3 Prediction Market Appellate Rulings Diverge

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    Although the recent Third, Sixth and Ninth Circuit opinions concerning prediction markets overlap on some issues, they differ on key statutory questions, deepening a circuit split over both the classification of sports event contracts and the scope of federal preemption, says Levi Giovanetto at Sheppard.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    California's financial regulators spent the third quarter of 2026 focusing on consumer protection enforcement at home while resisting federal efforts to displace state oversight — reinforcing the state's intention to shape the compliance landscape for institutions operating within its borders despite federal deregulatory trends, say attorneys at Ropes & Gray.

  • How AI Is Reshaping The Structure Of Crypto Venture Deals

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    As founders at the intersection of crypto and artificial intelligence increasingly face capital-raising quandaries, parties structuring crypto venture deals should weigh how equity, token and hybrid financings allocate value to avoid tricky contractual governance and fiduciary law questions down the line, say attorneys at Cahill Gordon.

  • How States May Enter The Shareholder Proposal Landscape

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    Rescission of the U.S. Securities and Exchange Commission's shareholder proposal rule doesn't herald the end of shareholder activism, but it allows state legislatures to play a central role in determining the future of shareholder proposals, with that uncertainty creating new opportunities for both issuers and activists, say attorneys at Thompson Coburn.

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