Securities

  • June 17, 2026

    Pursuit Of $16B Argentina Award Stayed Amid US Appeal

    Investors in nationalized Argentine oil company YPF SA succeeded Wednesday in staying their attempt to enforce a now-overturned $16 billion New York judgment against the country in England while a U.S. appeal is underway.

  • June 17, 2026

    Trump Halts Clayton Director Hearing Over Blue-Slip Dispute

    President Donald Trump directed Jay Clayton, U.S. attorney for the Southern District of New York, not to appear for his confirmation hearing Wednesday on his nomination to be director of national intelligence, in part over a blue-slip issue.

  • June 16, 2026

    Mark Cuban Urges 6th Circ. To Rehear Case Against FINRA

    Mark Cuban is throwing his weight behind a Sixth Circuit challenge to the constitutionality of the Financial Industry Regulatory Authority's in-house disciplinary proceedings, arguing in a Tuesday brief that the regulator shouldn't be allowed to penalize the owner of a consulting company without first affording him a trial. 

  • June 16, 2026

    Citi Illegally Fired Risk Exec For Raising Issues, Suit Says

    Citigroup Inc. has been sued by a former senior risk management executive who alleged the bank fired her after she flagged risk deficiencies and identified problems with Citi's anti-money laundering risk management controls, and the bank has pushed back on her bid to proceed anonymously.

  • June 16, 2026

    CFTC Advances Prediction Market Data Reporting Plan

    The U.S. Commodity Futures Trading Commission has sent a proposal outlining certain prediction market data reporting requirements to the White House for review, adding to its push to set rules and assert jurisdiction over fast-growing prediction markets.

  • June 16, 2026

    6th Circ. Says CFTC Can't Argue In Kalshi, Ohio Betting Fight

    The Sixth Circuit denied a bid by the U.S. Commodity Futures Trading Commission to appear as an amicus during oral arguments in Kalshi's appeal of a lower court ruling denying it a temporary enforcement shield in the prediction market platform's dispute with Ohio state officials.

  • June 16, 2026

    Dems Press Treasury, DOJ On Binance Sanctions Compliance

    A group of Senate Democrats led by Adam Schiff, D-Calif., is pressing the U.S. Treasury Department and Justice Department for updates on the oversight of crypto exchange Binance in light of reports that the platform has facilitated Iranian sanctions evasion and maintains ties to members of the Trump administration.

  • June 16, 2026

    Trade Desk Brass Face Derivative Suit Over New Ad Platform

    A Trade Desk shareholder has launched a derivative suit against the company's top brass, claiming they misled investors about the adoption and performance of the company's Kokai advertising platform and knew customers were slow to adopt the product and were encountering significant usability and functionality problems, but represented otherwise. 

  • June 16, 2026

    SEC Settles Insider Trading Suit Against Biotech Investor

    The U.S. Securities and Exchange Commission announced on Tuesday that a Texas-based investor will pay over $240,000 to settle the agency's claims he improperly traded stocks on insider information by buying shares of a public biotech firm ahead of its 2020 merger with a privately held biotechnology company.

  • June 16, 2026

    Highpower Investor Seeks Receiver For Dissolved Battery Co.

    A former Highpower International Inc. stockholder has asked the Delaware Chancery Court to appoint a receiver to take control of the dissolved battery maker's remaining assets and affairs, arguing it stripped itself of valuable assets while an appraisal case was pending and may no longer be capable of addressing outstanding claims.

  • June 16, 2026

    NextEra Investors Ink 'Record-Breaking' $150M Settlement

    NextEra investors say they have secured a "record-breaking" $150 million settlement with the utility company to resolve a lawsuit accusing NextEra of involvement in a scheme to place "ghost candidates" on Florida ballots.

  • June 16, 2026

    NY Judge 'Doubtful' Of Oil Co.'s Suit Against Ex-Florida Rep.

    A New York federal judge said Tuesday he was "doubtful" that a breach of contract lawsuit filed by the U.S. subsidiary of Venezuela's state-owned oil company can go forward, given the agreement's potential invalidation following a trial that resulted in the conviction of a former Florida congressman last month.

  • June 16, 2026

    Mich. Trader Admits $2.7M Commodities Investor Fraud Scam

    A Michigan man who had already been barred from commodity futures trading admitted that he had defrauded investors out of more than $2.7 million through a commodities trading scheme that falsely promised guaranteed returns and concealed his federal trading ban, according to a plea agreement filed in federal court and a U.S. Department of Justice announcement Tuesday.

  • June 16, 2026

    2 Firms To Lead Target Investor Suit Over Pride Month Merch

    Grant & Eisenhofer PA and Boyden Gray PLLC will lead a group of shareholders suing Target Corp. over its Pride-themed merchandise that they claim was "exceptionally offensive" and "betrayed" investors.

  • June 16, 2026

    Skadden Adds Investment Management Trio In DC, Abu Dhabi

    Skadden Arps Slate Meagher & Flom LLP has hired three former lawyers from Akin Gump Strauss Hauer & Feld LLP who will work with investment management clients in Abu Dhabi and Washington, D.C., according to a Tuesday announcement.

  • June 16, 2026

    NC Man Must Pay $36K To End SEC's Suit Over 'Free-Riding'

    A U.S. Securities and Exchange Commission lawsuit accusing a North Carolina man of taking advantage of broker-dealer services to trade hundreds of thousands in securities despite not having the funds came to an end Monday in a final judgment after he failed to appear.

  • June 16, 2026

    GameStop Investor Fights $35B CEO Pay Vote In Chancery

    A GameStop stockholder has filed a class action in Delaware Chancery Court seeking to block shareholder votes tied to CEO Ryan Cohen's potential $35 billion compensation package and a plan to more than double the company's authorized shares, alleging GameStop unlawfully changed voting rules to secure approval.

  • June 16, 2026

    Florida Judge Blocks Lutnick Deposition In Trump Media Suit

    A Florida judge has denied a second bid to depose U.S. Secretary of Commerce Howard Lutnick in the lawsuit over the delayed public offering of President Donald Trump's social media website, ruling that the court has no jurisdiction over the Cabinet official because he's not a party to the action.

  • June 15, 2026

    6th Circ. Says Auto Mogul Must 'Pay Up' In Lengthy Loan Spat

    The Sixth Circuit on Monday upheld a $750 million judgment and a separate $20 million contempt ruling against the owner of an auto parts manufacturer in a 24-year-old fight over a defaulted loan, ruling that the mogul must "pay up."

  • June 15, 2026

    Funds Say TD Bank Must Fight Merger Suit In NJ State Court

    Hedge funds suing Toronto-based TD Bank over losses on their First Horizon investments, which were allegedly caused by statements TD Bank made about the likelihood of regulatory approval of the banks' merger, are battling to return their case to New Jersey state court, arguing their state-law-only claims offer no hook for federal jurisdiction.

  • June 15, 2026

    7th Circ. Tosses ComEd CEO, Lobbyist's 'Flawed' Convictions

    The Seventh Circuit on Monday said the former Commonwealth Edison CEO and an ex-lobbyist convicted of conspiring to funnel jobs and payments to allies of ex-Illinois House Speaker Michael Madigan are entitled to a new trial, but not acquittal, after a U.S. Supreme Court ruling invalidated the legal theories behind those convictions.

  • June 15, 2026

    Microsoft Overhyped AI Tool Copilot, Investor Says

    A pension fund that purchased Microsoft stocks has brought a proposed class action in Washington federal court, accusing the technology conglomerate and its corporate leadership of making false promises about revenues from its artificial intelligence tool, Copilot, while downplaying user experience issues and other concerns that led consumers to favor Google Gemini and other rival chatbots.

  • June 15, 2026

    Funds' High Court Win Could Curb Investor Activism

    The U.S. Supreme Court's decision last week to curtail private litigation against investment funds may have little impact on active litigation, but attorneys say it cuts off an avenue investors have recently used to assert control over boards and could have ripple effects on how courts interpret federal securities laws.

  • June 15, 2026

    Feds End Appeal Of No-Prison Decisions In $577M Crypto Case

    The Ninth Circuit has granted federal prosecutors' request to voluntarily dismiss their appeal of no-prison sentences for an Estonian duo who pled guilty to a wire fraud conspiracy in connection with a $577 million cryptocurrency-mining Ponzi scheme.

  • June 15, 2026

    Chancery Cuts Claim Over FNF Chair's $50M Equity Award

    The Delaware Chancery Court has narrowed a stockholder derivative lawsuit challenging compensation decisions at Fidelity National Financial Inc., dismissing claims tied to a $50 million equity award for Chairman William P. Foley while allowing claims over directors' self-approved compensation packages to move forward.

Expert Analysis

  • 5 Rules In 10 Weeks: Inside Genius Act's Implementation Blitz

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    Regulators have proposed five Genius Act rules in a striking span of 10 weeks, building a stablecoin framework that, with the Office of the Comptroller of the Currency at its operational center, will shape oversight and force issuers, banks and fintechs to take action as deadlines approach, say attorneys at Cahill.

  • SEC Enforcement Has Continued Its Asset Management Focus

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    While the total number of U.S. Securities and Exchange Commission enforcement actions is down, certain novel theories of liability have been abandoned, and the SEC has embraced a back-to-basics posture, most of the regulatory risks for asset managers that existed in the prior commission have not gone away, say attorneys at Weil.

  • Series

    NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

  • Revised Fed Principles Balance Risk And Remediation

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    The Federal Reserve's recently updated supervisory principles sharpen standards for enforcement actions while rewarding self-identification and remediation, signaling a more transparent approach that could reduce uncertainty and reshape how banks manage examination risk and regulator engagement going forward, say attorneys at Davis Wright.

  • Big Issues Linger After Senate Prediction Market Trading Ban

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    Whether the Senate can — or should — extend prediction market trading restrictions beyond itself will test not only the boundaries of insider trading law, but also the structural limits of legislative power in an era where information itself has become a tradable asset, say attorneys at Benesch.

  • Series

    Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Becoming The Biz-Savvy GC That Portfolio Companies Need

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    Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

  • Operational AI Washing: The Section 220 Information Strategy

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    Plaintiffs filing AI washing claims will likely use Section 220 of the Delaware General Corporation Law to obtain internal board records, but 2025 amendments have fundamentally changed the landscape of presuit shareholder document demands in ways that create both risk and opportunity for companies, say attorneys at Akerman.

  • Del. Dispatch: The Hurdles To Early Fraud Claim Dismissal

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    Particularly where the alleged facts may suggest potentially blatant or egregious misconduct, the pleading-stage standards highlighted in the Delaware Court of Chancery's recent decision in Diem v. Maisonette provide a ready route for the nondismissal of claims before a trial, say attorneys at Fried Frank.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • AI Investment Advice May Fail Investor Protection Rules

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    Based on an ongoing study of artificial intelligence platforms' investment advice given to retail investors, direct access to AI may not yield recommendations for typical households that are suitable under relevant securities rules, raising new and important issues in the regulation of financial markets, says Bruce Carlin at Rice University.

  • Startup Founder Disputes Increasingly Turn On Governance

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    Recent Delaware developments suggest that as courts place increasing emphasis on board process, independence and oversight in founder-led startups, the growing intersection of governance, technology risk and investor oversight is accelerating both the emergence and escalation of founder disputes, says mediator Frank Burke.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

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