Securities

  • September 28, 2026

    Louis Dreyfus Appeals Bid To Arbitrate Cotton Futures Case

    Louis Dreyfus Commodities BV is appealing to the Second Circuit after a New York federal court refused its bid to force cotton futures traders to arbitrate a long-running case over the alleged manipulation of the cotton futures market.

  • September 28, 2026

    Holland & Knight Adds Partner In Atlanta From McDermott

    A former McDermott Will & Schulte attorney has joined Holland & Knight LLP's corporate, mergers and acquisitions and securities section as a partner in Atlanta, Holland & Knight announced Monday.

  • September 28, 2026

    JV Partner Accused Of Exceeding Air Force Contract Share

    A government contractor has accused its joint venture counterpart of taking a greater share of work under a U.S. Air Force contract than it was supposed to and failing to give proper financial records access, telling an Alabama federal court there's been a "systematic breach" of their agreements. 

  • September 28, 2026

    Mayer Brown Expands Insurance Deals Team With Sidley Hire

    A former Sidley Austin LLP partner who spent the past 12 years with the firm has moved to Mayer Brown LLP to work with corporate and securities matters and the firm's global insurance practice, according to a recent announcement.

  • September 25, 2026

    Kalshi Sports Contracts Aren't Financial Swaps, 6th Circ. Says

    In a closely watched decision that exacerbates an existing circuit split, a Sixth Circuit panel on Friday rejected Kalshi's assertion that the sports-related transactions made on its platform should be considered federally regulated swaps and not conventional betting subject to state gambling laws.

  • September 25, 2026

    F9 Sues Bed Bath & Beyond's Owner Over Canceled Deal

    The owner of Bed Bath & Beyond was sued Friday in Delaware Chancery Court by the owners of Cabinets To Go and Lumber Liquidators, who say the company publicly mischaracterized the collapse of a proposed acquisition and then used confidential due diligence materials to compete against them in the flooring and kitchen markets.

  • September 25, 2026

    SEC Says Mich. Atty Tipped Family About Pharma Co. Merger

    The U.S. Securities and Exchange Commission on Friday accused a Michigan tax lawyer of insider trading, alleging he told his brother and cousin about a planned but not-yet-announced merger between Y-mAbs Therapeutics Inc. and SERB Pharmaceuticals.

  • September 25, 2026

    CFTC Says Firm Ran $950M Global Forex Ponzi Scheme

    Investment firm Cash FX Group SA told investors their money would be used to trade retail foreign currency contracts in a commodity pool but in reality operated a $950 million multilevel marketing Ponzi scheme, the Commodity Futures Trading Commission said.

  • September 25, 2026

    Texas Judge Says Perot's VC Firm Can't Be Held To Handshake

    The Texas Business Court threw out a lawsuit brought by a Dallas businessman accusing billionaire Ross Perot Jr. of stiffing him out of his rightful equity interest in a healthcare company that sold for $2 billion, saying the businessman signed an agreement waiving his interest in the company.

  • September 25, 2026

    Ind. Panel Rejects NCAA Call To Ban Pregame Player Bets

    The Indiana Gaming Commission has unanimously rejected a request from the NCAA to ban pregame proposition bets on college players, saying the state Legislature is better suited to address the issue.

  • September 25, 2026

    SEC Says Md. Woman Illegally Traded On FDA Approval Info

    The SEC accused a Maryland resident of trading on nonpublic information she received from an insider ahead of the FDA's 2023 denial of a new drug application for a depression treatment submitted by Sage Therapeutics Inc. that caused the company's shares to lose over half of their value.

  • September 25, 2026

    Feds' Stablecoin Review Committee Rules On The Horizon

    The White House has completed its review of regulators' planned forms and procedures for reviewing and approving state-level stablecoin licensing frameworks, indicating the U.S. Treasury Department could soon circulate the rules.

  • September 25, 2026

    FDIC Orders 'Pro-America' Online Bank To Shore Up Finances

    The Federal Deposit Insurance Corp. has found Old Glory Bank, an online bank that bills itself as "pro-America" and liberty-focused, "significantly undercapitalized" and is directing it to take immediate corrective action.

  • September 25, 2026

    Southwest Investors Ask 5th Circ. To Revive 'Meltdown' Suit

    Southwest Airlines investors have asked the Fifth Circuit to revive their securities fraud suit, alleging the airline's 2022 holiday travel "meltdown" stemmed from outdated technology and a flawed flight route structure, and that they have provided enough evidence showing the company made false statements to the public.

  • September 25, 2026

    Tariffs, Not Fraud, Hurt Apparel Co.'s Finances, Court Told

    Protective apparel company Lakeland Industries Inc. asked a New York federal court to dismiss a proposed investor class action accusing it of ignoring a former finance employee's concerns about its global sales data and concealing information about its true financial condition, saying missing earnings estimates is "unfortunate" but not fraud.

  • September 25, 2026

    CFTC, Ex-HSBC Exec Set For Trial In Swap Manipulation Suit

    A New York federal judge has denied dual motions for summary judgment from the U.S. Commodity Futures Trading Commission and a former HSBC executive accused of manipulating the price of an interest rate swap ahead of a client's $2 billion bond offering, finding there are several material factual disputes about the executive's alleged conduct.

  • September 25, 2026

    Brightline Florida To Continue Operating While In Ch. 11

    Florida's Brightline rail service will continue operating during the Chapter 11 cases of its parent entities, as they pursue a restructuring of more than $1 billion of bond debt with the support of its creditors.

  • September 24, 2026

    Ex-Tricolor CEO Says Feds Botched Warrants In Fraud Case

    The former CEO of Tricolor Holdings on Thursday urged a Manhattan federal judge to bar any evidence seized from searches of his communications from being used to support accusations that he deceived lenders and investors about the subprime auto lender's assets before it crashed into bankruptcy with $1 billion in debt, saying federal agents ran roughshod over the Fourth Amendment.

  • September 24, 2026

    Fed Pitches Stablecoin Issuer Rules In Latest Genius Act Push

    The Federal Reserve Board on Thursday proposed rules to set key prudential standards and other guardrails for stablecoin issuers under its oversight, rounding out an initial phase of rulemaking at the federal banking agencies to implement the U.S. stablecoin law known as the Genius Act.

  • September 24, 2026

    Hain Investors Seek Final OK For $35M 'Channel-Stuffing' Deal

    Food and personal care company Hain Celestial and a class of investors have reached a $35 million deal to resolve channel-stuffing claims roughly a year after the Second Circuit revived the suit. 

  • September 24, 2026

    SEC Says Truck Leasing Co. Owner Ran $127M Ponzi Scheme

    The U.S. Securities and Exchange Commission on Thursday accused two trucking companies and their owner of fraudulently raising $127 million from hundreds of investors, many of which received Ponzi-like payments, with false claims about returns and the companies' fleet.

  • September 24, 2026

    CFTC Allows Tokenized Investments, Blockchain Records

    The U.S. Commodity Futures Trading Commission updated crypto guidance on Thursday to note that registrants can invest customer funds in tokenized versions of otherwise permitted investments and use blockchain tech to meet recordkeeping requirements.

  • September 24, 2026

    SEC May Preview Accredited Investor Changes Next Week

    The U.S. Securities and Exchange Commission next week plans to take a step closer to expanding the number of individuals eligible to invest in startups and other private companies, and also revisit rules around investment adviser compensation.

  • September 24, 2026

    FINRA Fines Vanguard $950K For Account Reporting Issues

    The Financial Industry Regulatory Authority has fined a Vanguard Group broker-dealer $950,000 for sending inaccurate account statements to customers who rely on those statements when filing their taxes.

  • September 24, 2026

    Maryland Judge Sends CarMax Investor's Tariff Suit to Virginia

    An investor suit accusing CarMax Inc. of mischaracterizing a sales bump prior to the Trump administration's tariffs as a sign of sustainable growth has been transferred to Virginia by a Maryland federal judge.

Expert Analysis

  • Del. Dispatch: The New 'Director Independence' Definition

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    The Delaware Court of Chancery's recent decision in Ayers v. Foley, its first interpretation and application of "director independence" as outlined in Section 144 of the Delaware General Corporation Law, suggests that the court will not limit the new section's reach, say attorneys at Fried Frank.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

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    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • 2 AI Washing Rulings Apply Familiar Securities Fraud Rules

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    Two recent federal court decisions to allow AI washing complaints to proceed begin to clarify the line between nonactionable optimism and actionable misstatements by framing the core issue as not overstating the promise of artificial intelligence, but misrepresenting the current state of a company's products, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • AI Governance Tips For Avoiding Securities Suits

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    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • How Reincorporating In Texas May Alter Earnout Disputes

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    While the DExit debate has focused on shareholder suits, far less attention has been paid to what reincorporating in Texas means for M&A disputes, making it particularly important to understand the nuances between Delaware and Texas earnout jurisprudence, say attorneys at Selendy Gay.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Texas Business Court Rulings Show Deal Terms Paramount

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    As the courts within the Texas Business Court system have begun reaching the substantive merits of the cases before them, they are persuasively demonstrating they will not only enforce the terms of transactions as written, but will also embrace a holistic approach to complex transaction documentation interpretation, says Christopher Pace at Winston Taylor.

  • Agentic AI And Securities Law: Who Is The Adviser?

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    Securities regulation has always been actor-based, but as agentic artificial intelligence becomes more common, it will push the law toward a partially system-based framework in which systems themselves, and the relationships between them and their deployers, are the focus of regulatory attention, says Joseph A. Hall at Davis Polk.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

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    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

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