Securities

  • June 18, 2026

    Trump Accounts Not Subject To ERISA, DOL Says

    Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.

  • June 18, 2026

    Beauty Co. Reaches $18M Deal To End Investor Suit

    The Beauty Health Co., a maker of salon treatment equipment, has reached an $18 million settlement with shareholders that would end their lawsuit alleging the firm hid critical design issues affecting its Syndeo hydrodermabrasion facial machine.

  • June 18, 2026

    Ohio Justices Clear Interactive Brokers Of $25M Scheme

    The Ohio Supreme Court said Thursday that Interactive Brokers LLC cannot be held liable for a failed $25 million investment scheme run by a now-deceased customer, finding that the relevant state statute requires a firm to provide more than routine account services to be held liable for a customer's scheme.

  • June 18, 2026

    BofA Exits Biden-Era OCC Order Over Pandemic Relief Lapses

    The Office of the Comptroller of the Currency has terminated a 2022 consent order with Bank of America NA over its handling of prepaid unemployment benefit cards during the COVID-19 pandemic, closing out a key part of a Biden-era joint enforcement action against the bank.

  • June 18, 2026

    Stockholders Tell Chancery Broadband Buyout Was Lowballed

    A pair of former WideOpenWest Inc. stockholders have sued the cable and broadband provider's controlling shareholder in Delaware Chancery Court, alleging a 2025 take-private deal unfairly shortchanged minority investors and allowed insiders to capture the future value of the company for themselves.

  • June 18, 2026

    FTX Trust Cleared For $600M Disputed Claim Fund Reduction

    The FTX Recovery Trust received approval Thursday from a Delaware bankruptcy court to reduce the funds in a disputed claims reserve by $600 million after the trust processed thousands of claims that were either allowed or modified.

  • June 18, 2026

    CME Group Sues CFTC Over Perpetual-Contracts Approval

    CME Group is challenging the U.S. Commodity Futures Trading Commission's decision to approve the listing of perpetual contracts, arguing in a lawsuit that the agency "overrode Congress's definition of the term 'swap'" when it gave Kalshi the green light last month to allow trading on bitcoin spot prices. 

  • June 17, 2026

    Kentucky AG Says Kalshi And Polymarket Offerings Are Illegal

    Kentucky's attorney general on Wednesday lodged three lawsuits accusing prediction market platforms Kalshi and Polymarket, and online casino platform VGW, of violating the state's consumer protection and gambling laws by offering unlicensed sports wagering in the state, and running illegal and addictive sweepstakes casino websites.

  • June 17, 2026

    FTX Exec's Wife Must Face Campaign Finance Charges

    A New York federal judge Wednesday refused to throw out an indictment accusing crypto lobbyist Michelle Bond of campaign finance crimes, rejecting her argument that prosecutors previously promised her husband, a former FTX executive, that his guilty plea would mean she's in the clear.

  • June 17, 2026

    OCC Warns Charter Hopefuls Against Incomplete Applications

    The Office of the Comptroller of the Currency said Wednesday that it will send back incomplete regulatory applications without a review and will start publishing its denial decisions, putting bank charter hopefuls and other corporate filers on notice.

  • June 17, 2026

    CME's Trial Win Sticks In Members' $2B Trading Rights Case

    An Illinois state court judge has refused to unwind CME Group's trial win over a group of members' $2 billion dispute claiming the commodities exchange violated their contractual trading floor exclusivity rights by opening a data center to accommodate high-speed and algorithmic trading.

  • June 17, 2026

    FINRA Expels NY Firm, Bars Founders Over Churning Scheme

    The Financial Industry Regulatory Authority on Wednesday expelled a New York broker-dealer and its co-founders and fined the firm's chief compliance officer over claims that the founders churned and excessively traded customer accounts, harming customers while generating millions in revenue for the firm.

  • June 17, 2026

    Embecta Investor Suit Says Pen Needle Weakness Was Hidden

    Medical device company Embecta Corp. and two of its executives were hit with a proposed class action Wednesday, alleging they misled investors about the sales performance of the company's pen needles, which are often used by patients with diabetes.

  • June 17, 2026

    Crypto Mining Firm Gets $11M Award Confirmed

    A Texas federal court confirmed a crypto mining company's $11 million arbitration award after the opposing party failed to show up at an arbitration hearing and then failed to respond or appear before the federal court.

  • June 17, 2026

    Bipartisan Sens. Condemn Bankman-Fried's Pardon Bid

    The top members of a cryptocurrency-focused Senate subcommittee on Wednesday introduced a bipartisan resolution condemning Sam Bankman-Fried's bid for a presidential pardon, saying that "under no circumstances" should the convicted FTX founder receive executive clemency.

  • June 17, 2026

    Adobe Faces Derivative Claims For AI Copyright Infringement

    Executives and directors of Adobe have been hit with a derivative suit from investors accusing them of exposing the software giant to financial and reputational harm by concealing that the company used copyrighted material to create artificial intelligence tools.

  • June 17, 2026

    DiDi Investors Get Final OK For $740M Deal, Atty Fees

    A $740 million deal between Chinese ride-hailing app DiDi and its investors has received final approval from a New York federal judge, settling claims the company hid enterprise-threatening regulatory risks during its 2021 initial public offering.

  • June 17, 2026

    Citigroup Says Foreign Bondholders Can't Bring RICO Suit

    Citigroup urged a Florida federal magistrate judge Wednesday to dismiss racketeering claims in a suit accusing the bank of running a massive cash advance fraud scheme, arguing the bondholder plaintiffs suffered no domestic injury that would allow them to sue under the Racketeer Influenced and Corrupt Organizations statute.

  • June 17, 2026

    Nasdaq Private Market Says Rival Poached Staff And Secrets

    A Nasdaq marketplace for pre-IPO stock has filed suit against a competitor, alleging that it has poached employees and clients, stolen trade secrets and other confidential information, and infringed its patented technology in an effort to acquire what Nasdaq has built without fairly competing.

  • June 17, 2026

    SEC Faces Call To Write Rules For Crypto Wallet Apps

    The Securities Industry and Financial Markets Association is calling on the U.S. Securities and Exchange Commission to write rules outlining when companies providing access to cryptocurrency wallets must register as brokers, saying that a recent staff statement on the issue represents "a significant departure" from past agency practice.

  • June 17, 2026

    Novig Gets CFTC Designation As Sports Prediction Market

    Novig, which began as a sports betting app and evolved into a sports-focused prediction market, now has the official approval of the U.S. Commodity Futures Trading Commission as a designated contract market, the company said Tuesday.

  • June 17, 2026

    Capital Firm Boss Says Conn. Court Must Nix $10.4M Remedy

    The co-founder of a capital firm wants a Connecticut state judge to lift an order that allows for a hold on $10.36 million worth of his assets in favor of an investment bank that accused him of involvement in a securities fraud scheme, noting that the underlying verdict was overturned on appeal.

  • June 17, 2026

    Mich. Judge Opens Door For Prediction Market Enforcement

    Polymarket and Robinhood may soon face enforcement efforts from Michigan regulators after a federal judge ruled Wednesday that he saw little difference between the prediction market platforms' sports contract offerings and conventional sports betting.

  • June 17, 2026

    Apple Device Software Co. Investor Sues Over Sale Records

    A former stockholder of Jamf Holding Corp. has sued in Delaware Chancery Court seeking access to company records tied to the software company's $13.05-per-share sale to private equity firm Francisco Partners, arguing the documents are needed to investigate whether conflicts of interest tainted the deal process.

  • June 17, 2026

    Trade Desk, Investor Spar Over Emails In Nevada Move Appeal

    A stockholder and The Trade Desk Inc. urged the Delaware Supreme Court on Wednesday to reach opposite conclusions about whether the advertising technology company must turn over director emails and other informal communications tied to its move from Delaware to Nevada.

Expert Analysis

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • CFTC's No-Action Relief Fuels Energy Market Competition

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    The U.S. Commodity Futures Trading Commission recently launched a pilot program aimed at expanding access to energy markets, reflecting a shift toward supporting robust derivatives markets that balance regulatory safeguards with the needs of commodity end users, say attorneys at Moore & Van Allen.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

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