Securities

  • December 18, 2025

    Sprouts Grocery Brass Face Suit Over Rosy Growth Forecast

    The brass of specialty grocery chain Sprouts Farmers Market Inc. face a shareholder derivative suit alleging they hid the risks of faltering consumer spending, and ended up overpaying by $26.5 million on stock buybacks ahead of an October sales growth miss that caused the company's share price to fall.

  • December 18, 2025

    Wis. Tribe Seeks To Block Kalshi Sports Contracts

    A Wisconsin Native American tribe urged a federal court to preliminarily block prediction market platform Kalshi from offering sports event contracts on tribal lands, arguing such contracts threaten its gaming monopoly.

  • December 18, 2025

    Compliance Chiefs' Enforcement Risks Didn't Ease Up In 2025

    The landscape for chief compliance officers' liability might relax a bit in the coming years as experts anticipate the Trump administration will rely less on a "failure to supervise" theory of liability that financial regulators used to target one chief compliance officer this year.

  • December 18, 2025

    Chancery Sr. Magistrate Leaving Bench For Role As Neutral

    Delaware's Chancery Court will soon be losing its senior magistrate, as she is returning to private practice to serve as a professional neutral.

  • December 17, 2025

    Ex-Goldman Banker Can't Dodge Ghana Bribery Charges

    A New York federal judge on Wednesday shot down a former Goldman Sachs banker's bid to escape charges over a purported scheme to bribe Ghanaian officials to greenlight a power plant deal, rejecting defense claims of improper sealing and speedy trial violations.

  • December 17, 2025

    SEC Again Flags Adviser Testimonials, Ratings In Marketing

    The U.S. Securities and Exchange Commission's Division of Examinations has again flagged advisers' disclosures regarding their use of testimonials, endorsements and third-party ratings in advertisements, saying staff have observed noncompliance with commission rules in those areas.

  • December 17, 2025

    Shutdown Deal Bars Federal Firings Until Feb., Judge Says

    A California federal judge said Wednesday she'll grant a preliminary injunction barring layoffs of federal workers from several agencies before Jan. 30, saying legislation that ended the government shutdown prohibits the layoffs, but she added she might pause her order while the government appeals.

  • December 17, 2025

    Starbucks Brass Face Derivative Suit Over 'Triple Shot' Plan

    Executives and directors of Starbucks have been hit with a shareholder derivative complaint accusing them of misleading investors about the coffee chain's prospects for its so-called Triple Shot Reinvention strategy, which the suit alleges fell short.

  • December 17, 2025

    SEC Sues Over Alleged $48M Bitcoin Mining Fraud

    The U.S. Securities and Exchange Commission filed a lawsuit on Wednesday, accusing the former CEO of a bitcoin mining company of misappropriating $48.5 million in investor funds before fleeing the country once he learned he was under SEC investigation.

  • December 17, 2025

    Chancery OKs $10M Fat Brands Settlement, Defers Fees

    A judge in the Delaware Chancery Court on Wednesday approved a proposed settlement resolving two long-running shareholder derivative suits against Fat Brands Inc. and its controlling stockholder, finding that the deal delivers immediate cash, targeted governance reforms and a realistic recovery in light of substantial litigation and collectibility risks, while reserving judgment on a disputed request for attorney fees.

  • December 17, 2025

    2nd Circ. Affirms Dismissal Of Mobileye Shareholder Suit

    The Second Circuit on Tuesday affirmed the dismissal of a proposed investor class action accusing Intel unit Mobileye of artificially inflating its stock by concealing how a supply glut was going to impact profits, finding the plaintiffs failed to identify any misleading statements made by company executives.

  • December 17, 2025

    CFTC's Pham Will Head To Crypto Co. MoonPay After Exit

    The U.S. Commodity Futures Trading Commission's acting Chair Caroline Pham is set to join cryptocurrency payments firm MoonPay as its top lawyer following her impending departure from the commission, MoonPay announced Wednesday.

  • December 17, 2025

    Air Taxi Co. Settles SPAC Merger Price Suit For $17.75M

    Stockholders of former air transport venture Blade Air Mobility Inc. have agreed to settle for $17.75 million a Delaware Chancery Court stockholder derivative suit accusing an officer and controlling investors of breaching their fiduciary duties in a take-public deal via a special purpose acquisition company.

  • December 17, 2025

    Treasury Issues Final Rule On BEAT For Securities Lending

    Taxpayers must determine and account for certain qualified derivative payments linked to securities-lending transactions when calculating payments covered by the base erosion and anti-abuse tax, according to a final rule released Wednesday by the U.S. Department of the Treasury.

  • December 17, 2025

    Nikola Founder's Suit Against CNBC Time-Barred, Panel Says

    Nikola Corp. founder Trevor Milton's trade libel claims against CNBC and short‑seller Hindenburg Research are actually defamation claims and time-barred, a New Jersey appellate panel said in a decision tossing the suit and awarding the defendants attorney fees.

  • December 17, 2025

    The Top Trademark Decisions Of 2025

    The U.S. Supreme Court vacated a trademark infringement award that reached nearly $47 million and found nonparties couldn't be on the hook for the amount, while the Federal Circuit reproached a trademark tribunal for its handling of a man's attempt to register the F-word. Here are Law360's picks for the biggest trademark decisions of 2025.

  • December 17, 2025

    Convicted Oil Trader Will Appeal 15-Month FCPA Sentence

    A former Freepoint Commodities LLC and Arcadia Fuels Ltd. oil trader has told a federal court that he intends to appeal his 15-month prison sentence and $300,000 fine after a jury found him guilty of bribing an official at Brazilian oil giant Petroleo Brasileiro SA.

  • December 17, 2025

    Robinhood's Bid To Halt Nevada Sports Order Denied

    A Nevada federal judge has refused to grant Robinhood reprieve from his earlier decision denying the trading and investing platform an injunction that would have temporarily shielded its sports event contracts from state gaming regulators.

  • December 17, 2025

    Tricolor Execs Charged With Fraud In Billion-Dollar Collapse

    A Manhattan federal grand jury has indicted the ex-CEO and ex-chief operating officer of bankrupt subprime auto lender Tricolor Holdings, saying they engaged in years of fraud on the company's lenders and investors.

  • December 16, 2025

    2 Firms Tapped To Lead Class Suit Against Vans Shoes Parent

    A Colorado federal judge on Tuesday consolidated two securities class actions against outdoor apparel company VF Corp. and appointed Levi & Korsinsky LLP and Pomerantz LLP as co-lead counsel in the merged suit, which claims VFC misled investors about the progress it made on a corporate turnaround strategy meant to return its shoe brand Vans to positive growth.

  • December 16, 2025

    Digital Marketing Co. Ibotta Seeks To Ditch Suit Over IPO

    Digital consumer discount company Ibotta Inc. and its brass and underwriters seek to shed a consolidated proposed investor class action alleging the company misled investors in the lead-up to its 2024 initial public offering, arguing that it properly disclosed certain risks that later purportedly affected trading prices for its shares.

  • December 16, 2025

    Med School Grad To Pay $509K To End SEC Spoofing Claims

    A medical resident in California has agreed to pay the U.S. Securities and Exchange Commission nearly $509,000, including a civil penalty of over $112,000, to end claims he used accounts in his name and others' in service of the illegal trading technique known as spoofing.

  • December 16, 2025

    Judge Skeptical Of Trump-Tied SPAC's Defense In SEC Suit

    A former Trump business associate appeared unlikely to win early dismissal of a U.S. Securities and Exchange Commission suit accusing him of hiding advanced merger discussions with the president's media company from SPAC investors in 2021, as a federal judge wondered Tuesday how the talks could be considered immaterial.

  • December 16, 2025

    Fed Ends Goldman 1MDB, Metropolitan Card Consent Orders

    The Federal Reserve announced Tuesday it has lifted consent orders against Goldman Sachs and Metropolitan Commercial Bank, closing matters tied to Goldman's purported role in the 1MDB scandal and Metropolitan's oversight of a prepaid-card program that government agencies alleged was fraud-ridden.

  • December 16, 2025

    Online Gun Co. Settles SEC Probe Over Sanctioned Ex-Exec

    The U.S. Securities and Exchange Commission has inked a nonmonetary penalty settlement with the corporate owner of an online firearm retailer and separately sued three of its former executives over allegations that the company allowed an SEC-sanctioned accountant to work as an executive officer in violation of his industry ban.

Expert Analysis

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • How Cos. Can Prep For Tightened Calif. Data Breach Notices

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    Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • How The SEC May Overhaul Its Order Protection Rule

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    Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • 2nd Circ. Peloton Ruling Emphasizes Disclosure Context

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    The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

  • How Calif. High Court Is Rethinking Forum Selection Clauses

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    Two recent cases before the California Supreme Court show that the state is shifting toward greater enforcement of freely negotiated forum selection clauses between sophisticated parties, so litigators need to revisit old assumptions about the breadth of California's public policy exception, says Josh Patashnik at Perkins Coie.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Post-Genius Landscape Reveals Technical Stablecoin Hurdles

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    The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • How 9th Circ. Ruling Deepens SEC Disgorgement Circuit Split

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    The Ninth Circuit's recent decision in U.S. Securities and Exchange Commission v. Sripetch creates opposing disgorgement rules in the two circuits where the SEC brings a large proportion of enforcement actions — the Second and Ninth — and increases the likelihood that the U.S. Supreme Court will step in, say attorneys at Cahill Gordon.

  • What May Be Ahead In Debanking Enforcement

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    President Donald Trump's executive order on politicized or unlawful debanking has spurred a flurry of activity by the federal banking regulators, so banks should expect debanking-related complaints submitted by consumers to increase, and for federal regulators to look for more enforcement opportunities, say attorneys at Bradley Arant.

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