Securities

  • September 01, 2026

    OpenAI's Rogue Agents A 'Warning Shot' For Cos. Everywhere

    OpenAI's recent rogue artificial intelligence incident will likely set the stage for a more widespread expectation that companies using advanced, agentic AI have reasonable protective measures in place, as cyber incidents carried out by AI agents come to be viewed as foreseeable risks.

  • September 01, 2026

    Wahlberg-Backed Gym Gets Final OK Of $10.5M Investor Deal

    A Texas federal judge has given final approval to a $10.5 million settlement resolving investors' claims that a fitness franchise associated with the actor Mark Wahlberg misled them about its growth potential after going public.

  • September 01, 2026

    SEC Plans To Bless Transfer Agents' Blockchain Use

    The U.S. Securities and Exchange Commission is promising sweeping changes to the rules governing transfer agents for the first time in 40 years, issuing a proposal Tuesday that would, among other things, allow agents to utilize the blockchain in tracking securities ownership. 

  • September 01, 2026

    Investment Co. Disputes IRS' $166M Add-On To Capital Gains

    An investment company accused the IRS of mistakenly inflating its 2008 short-term capital gains from certain securities investments to about $170 million from $4 million, telling the U.S. Tax Court the gains were properly deferred during the Great Recession.

  • September 01, 2026

    Justices Asked To Again Tackle SEC Disgorgement

    A Florida-based broker-dealer is petitioning the U.S. Supreme Court to hear another case targeting the disgorgement powers of the U.S. Securities and Exchange Commission, saying the court "left open" a question about victim identification after it last ruled on the issue earlier this year.

  • September 01, 2026

    Sheriff's Extortion Trial Nears End As Acquittal Motion Fails

    A Massachusetts federal judge refused Tuesday to clear a sheriff of extortion charges, as prosecutors wrapped their case that he demanded a stake in a cannabis company that he was also partnering with for a job training program.

  • September 01, 2026

    SB Energy Launches Plans For Anticipated $5B IPO

    Power generation infrastructure company SB Energy has filed plans to raise roughly $5 billion in its initial public offering steered by Latham & Watkins LLP and Davis Polk & Wardwell LLP.

  • September 01, 2026

    Ireland Proposes Retail Investment Accounts With Flat Tax

    Ireland wants to create accounts for Irish retail investors with a flat-rate tax on the account value above an exempted threshold, which would simplify the investment tax system compared to current rules, the government said.

  • September 01, 2026

    Fox Investor Sues Over Morgan Stanley Role In $22B Deal

    A Fox Corp. stockholder has sued the media company and its board in the Delaware Chancery Court, seeking to block a shareholder vote tied to Fox's planned $22 billion acquisition of Roku Inc. until investors receive more information about alleged conflicts involving financial adviser Morgan Stanley.

  • August 31, 2026

    Parler Backers Hijacked Social Media Co. From CEO, Jury Told

    Stakeholders of defunct microblogging app Parler, including hedge fund scion Rebekah Mercer and former deputy FBI director Dan Bongino, allegedly schemed to strip the social app's cofounder of his CEO role and his 40% stake, a Nevada jury heard in opening arguments in a $100 million contract trial Monday.

  • August 31, 2026

    Kalshi Bans George Santos, Candidates Over Improper Trades

    Prediction market platform Kalshi said Monday that it permanently banned George Santos from the platform and imposed a $71,000 penalty against the convicted former U.S. representative for allegedly manipulating a prediction market on whether he would attend the 2026 State of the Union address.

  • August 31, 2026

    SEC, FDA Enter Info-Sharing Pact To Bolster Enforcement

    The U.S. Securities and Exchange Commission and U.S. Food and Drug Administration are looking to bolster information-sharing related to FDA-regulated products in a bid to help each other in their respective oversight and compliance efforts, according to a three-year memorandum of understanding the agencies announced Monday.

  • August 31, 2026

    SEC Flags Breaches Of Rule For 'Lost' Customers

    U.S. Securities and Exchange Commission staff have flagged transfer agents and broker-dealers not searching for "lost" customers whose mail is returned, issuing a risk alert about complying with requirements under the "Lost Securityholders and Unresponsive Payees" rule.

  • August 31, 2026

    Fund Says Investor Falsely Accused It Of '$600M Scam'

    A South Carolina private equity firm has sued an investor in Florida state court, alleging the investor defamed it in a series of emails to third parties that accused the firm of pulling off "a $600M scam" and asserted other false statements against it.

  • August 31, 2026

    Baird Sues Colo. Firm Over Alleged Adviser-Poaching Scheme

    Robert W. Baird & Co. Inc. claimed in Colorado state court that a competing financial services firm is using false and misleading statements about its independence to lure away Baird advisers and clients, according to the company's complaint.

  • August 31, 2026

    Citigroup Must Face RICO Suit Over Mexico Fraud Scheme

    A Florida magistrate judge said Monday bondholder plaintiffs have standing to pursue racketeering claims in a suit accusing Citigroup of running a massive cash advance fraud scheme, finding that although the "operative locus" of the fraud was in Mexico, a large part of Citigroup's alleged conduct occurred in the United States.

  • August 31, 2026

    Shakedown Didn't End Pot Exec, Sheriff Friendship, Jury Told

    A co-founder of cannabis company Ascend Wellness testified in a trial Monday that he maintained a genuine friendship with a Massachusetts sheriff after the sheriff allegedly extorted a pre-initial public offering investment in the company from him.

  • August 31, 2026

    11th Circ. Upholds $800K Award In Venezuelan Takeover Suit

    The Eleventh Circuit on Monday upheld an $800,000 jury verdict that found two former Miami bank directors accused of working for the Venezuelan government were liable for the bank's financial difficulties.

  • August 31, 2026

    Avalara Investors Suing Over $8.4B Buyout Win Class Cert.

    A Washington federal judge granted class certification to investors in tax software company Avalara in a suit alleging it misled investors ahead of an $8.4 billion deal to take the company private.

  • August 31, 2026

    SEC Gears Up To Pull Shareholder Proposal Rule

    The U.S. Securities and Exchange Commission may soon propose regulations that could change the way corporate ballots are written and voted on, informing the White House of plans to address proxy solicitation and to rescind a commission regulation on shareholder proposals. 

  • August 31, 2026

    Defense Contractor Faces Suit Over CEO Review, Stock Drop

    An XTI Aerospace Inc. investor has hit the defense company and two executives with a lawsuit alleging they carried out a scheme to deceive investors by making misleading statements and withholding facts that when revealed led to a nearly 16% stock decline.

  • August 31, 2026

    Viks Seek Split Trial To Save Deutsche Bank Suit Injunction

    Billionaire Alexander Vik and his daughter on Monday asked a Connecticut state court judge to order multiple trials on claims they are pursuing against Deutsche Bank AG, which demand the bank hand over proceeds from a $65 million asset sale and permanently end a related lawsuit against them in Norway.

  • August 31, 2026

    Shareholders Say Generator Co. Overhyped Data Center Deal

    A shareholder in Hyliion Holdings Corp. is accusing the linear generator manufacturer in Texas federal court of exaggerating the potential success of its business partnership with an AI infrastructure company that specializes in data centers.

  • August 31, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week saw disputes over a $200 million federal grant, a $1.7 billion software take-private deal, the ouster of Better.com founder Vishal Garg and a proposed $4 million settlement stemming from an electric vehicle company's SPAC merger.

  • August 28, 2026

    CFTC Can't Withhold Records In Chicago Exchange's Perps Suit

    A D.C. federal judge has ruled that the Commodity Futures Trading Commission cannot avoid handing over administrative records discussing approval of Kalshi's bitcoin perpetuals contract to the court, in a suit brought by a CME Group subsidiary challenging the agency's approval.

Expert Analysis

  • New State AI Laws Create Dual Misrepresentation Risk

    Author Photo

    As artificial intelligence transparency laws are enacted across the country and the volume and specificity of compliance records increase, companies will be required to speak more often, more precisely and to more audiences about the same systems, compounding the risk of litigation, say attorneys at Cooley.

  • Series

    Cow Horse Makes Me A Better Lawyer

    Author Photo

    Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

  • O Brother, Where Art DAO? Jurisdiction Issues Abound

    Author Photo

    While there is a dearth of decisions examining a decentralized autonomous organization's citizenship for diversity jurisdiction purposes, Second Circuit case law has defined citizenship for other unincorporated entities, which may guide how courts evaluate an increasing number of cases involving DAOs, says Michael Mix at Morrison Cohen.

  • NY's UCC Updates Spell Change In Digital Asset Lending

    Author Photo

    Given the state’s role as a preferred jurisdiction for financing transactions, New York’s recent enactment of Uniform Commercial Code amendments, which establish control as a central concept for determining who has rights to a digital asset, will encourage nationwide growth toward a more technology-neutral approach to secured transactions, say attorneys at Manatt.

  • Opinion

    Agentic AI And Securities Law: Steps Congress Should Take

    Author Photo

    Agentic artificial intelligence technology doesn't fit comfortably into the existing securities regulatory landscape, so Congress should avoid repeating the mistakes that led to the legal uncertainty crypto companies and investors have faced over the past decade-plus by providing a legislative framework before AI fully matures, says Joseph A. Hall at Davis Polk.

  • Weighing Trade-Offs Of SEC's Semiannual Reporting Proposal

    Author Photo

    Though public companies could benefit from a recent U.S. Securities and Exchange Commission proposal that would allow them to file earnings reports just twice a year, widespread adoption could also increase market volatility, complicate capital raising and fragment disclosure standards to the detriment of issuers and investors, say attorneys at Seward & Kissel.

  • Operational AI Washing: The Next Frontier Of Fiduciary Risk

    Author Photo

    While there are still no final Delaware decisions applying Caremark specifically to artificial intelligence governance failures, previous case law provides a blueprint, so the question for boards is whether their governance architectures will satisfy Caremark when the first cases are decided, say attorneys at Akerman.

  • 3 Disgorgement Questions Linger After Justices' SEC Ruling

    Author Photo

    While the U.S. Supreme Court’s recent decision in Sripetch v. U.S. Securities and Exchange Commission avoided placing new limits on the SEC’s disgorgement powers, it passed over several questions, including whether the commission can seek disgorgement when returning the money to investors isn't possible, says David Slovick at Kopecky Schumacher.

  • How Crypto Firms Can Prep As Clarity Act Inches Toward Law

    Author Photo

    Though the Digital Asset Market Clarity Act’s road to enactment remains uncertain, the statutory framework for regulating digital commodities recently advanced by the Senate Banking Committee is now sufficiently developed that market participants can begin preparing in several areas where the complicated legislation would affect them, say attorneys at Cahill Gordon.

  • Checking For AI Errors Is Now A Two-Way Street

    Author Photo

    A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.

  • Opinion

    SEC Enforcement Reforms Must Address Post-Wells Limbo

    Author Photo

    The U.S. Securities and Exchange Commission's recent changes to how it notifies companies of a potential enforcement action fail to address what happens after the Wells process is over, highlighting the need for meaningful process reform that includes a formal closure determination, says Kimble Cannon at Mahdavi Bacon.

  • Foot Locker Fine Illustrates SEC's Whistleblower Priorities

    Author Photo

    The U.S. Securities and Exchange Commission's recent fining of Foot Locker for its separation agreements is a reminder that the commission remains serious about maintaining open channels for reporting whistleblower concerns and that provisions can violate Rule 21F-17(a) without specifically barring communications with the SEC, says Jonathan Richman at Brown Rudnick.

  • Series

    The Biz Court Digest: Shoring Up Corporate Law In Maryland

    Author Photo

    Launched more than 20 years ago to improve complex corporate adjudication, Maryland's Business and Technology Case Management Program has been a solid success in some areas, but there always is room for improvement, says Bill Krulak at Miles & Stockbridge.

  • How End Of SEC 'Gag Rule' Affects Free Speech Certiorari Bid

    Author Photo

    The Securities and Exchange Commission's recent rescission of the so-called gag rule, which forbade defendants in settlements from denying the SEC’s allegations, may sway the outcome of a petition to the Supreme Court in a case challenging the rule on First Amendment grounds, say attorneys at Troutman.

  • Banks Should Reassess Warehouse Lines Amid Credit Stress

    Author Photo

    Growing stress in private credit markets means banks with warehouse lines to nonbank lenders should inventory exposures, revisit covenants and prepare for tougher regulator scrutiny, as repayment strains and weakening fund liquidity could turn seemingly indirect risks into material compliance concerns, say attorneys at Barack Ferrazzano.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Securities archive.