Securities

  • July 17, 2026

    Del. High Court Says Jarkesy Doesn't Extend To State Cases

    The Delaware Supreme Court has declined to apply the U.S. Supreme Court's Jarkesy holding to a state securities fraud suit arising from an administrative enforcement action brought by the state's Investor Protection Unit, finding there are no similar common-law cases requiring the right to a jury trial.

  • July 17, 2026

    Eye On ERISA: Jerry Schlichter Talks 401(k) Litigation, Theory

    Plaintiff-side litigation veteran Jerry Schlichter, founding and co-managing partner of Schlichter Bogard LLP, told Law360 that highlights among the firm's recent legal victories include a reported settlement to end 401(k) investment litigation against ADP, as well as a $150 million settlement in a toxic lead emissions case.

  • July 17, 2026

    6th Circ. Won't Rehear Mark Cuban-Backed FINRA Challenge

    A Sixth Circuit panel has declined to grant a full rehearing of a constitutional challenge of the Financial Industry Regulatory Authority's in-house disciplinary proceedings brought by the owner of a financial consulting company that had support from billionaire entrepreneur Mark Cuban.

  • July 17, 2026

    Ex-SEC Worker's Son Posted Probe Info Online, OIG Says

    The U.S. Securities and Exchange Commission's Office of Inspector General said Friday that prosecutors declined to prosecute a now-retired SEC employee for purportedly sharing information about an active enforcement investigation with her son, who then posted information about the matter on social media.

  • July 17, 2026

    Rivian Hit With Chancery Derivative Suit Over EV Demand

    A Rivian Automotive Inc. stockholder has filed a derivative lawsuit in the Delaware Chancery Court accusing the electric-vehicle maker's current and former directors and officers of misleading investors about customer demand, production growth and the company's path to profitability, allegedly exposing Rivian to significant legal costs and potential liability.

  • July 17, 2026

    Senate Bill Would Ease SEC Reporting For Rural Telecoms

    A bipartisan Senate bill would make it easier for small, rural communications providers to prepare reports to the U.S. Securities and Exchange Commission when obligated to submit paperwork for certain financial events.

  • July 17, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Snapchat and Dolby press on with a fresh infringement claim in their ongoing patent battle, The Telegraph face an intellectual property claim by a photo archive, a group of international human rights barristers and chambers sued, and oil business Equinor embroiled in a contract dispute with BP after recently acquiring full ownership in their offshore project. Here, Law360 looks at these and other new claims in the U.K.

  • July 16, 2026

    Kalshi Says Gov't Employee Traded On Trump Speeches

    Kalshi said Thursday that it's working with the U.S. Commodity Futures Trading Commission to address suspicious trades on the president's speeches that appear to have netted a federally employed teleprompter operator approximately $90,000.

  • July 16, 2026

    Regulators Set New Protocols For 'Sensitive' Bank Exam Data

    Federal regulators said Thursday that they are stepping up their protocols for handling bank data and documents during supervisory examinations, outlining a new policy that will allow banks to designate certain "highly sensitive" information for stricter access control measures.

  • July 16, 2026

    Senate Unanimously Opposes SBF's Quest For Clemency

    The U.S. Senate has passed a resolution condemning Sam Bankman-Fried's bid for a presidential pardon, making clear that lawmakers on both sides of the aisle oppose clemency for the imprisoned FTX founder.

  • July 16, 2026

    Pharma Co. Beats Investor Suit Over Prostate Drug Trial

    A Wisconsin federal judge ruled Wednesday that investors of prostate cancer treatment developer Essa Pharma Inc. have not shown they were misled by the company on the efficacy of its lead drug candidate, which was not as effective as an existing treatment for certain cancer patients in a terminated clinical trial.

  • July 16, 2026

    NJ Justices Clarify FCA Amendment In Reviving Bank Suit

    The New Jersey Supreme Court on Thursday revived whistleblower claims accusing Bank of America, Wells Fargo and other financial giants of fraud in the setting of interest rates on certain municipal bonds, saying that a lower court improperly blocked the attorney general from exercising authority in the litigation.

  • July 16, 2026

    Fat Brands Execs Beat Investor Suit Over $47M Loan Scheme

    A California federal judge has dismissed former and current Fat Brands executives from a proposed class action accusing them and the restaurant group of falsely claiming to be cooperating with the government's investigations into allegations that its CEO orchestrated a $47 million loan scheme, causing stock prices to plunge when criminal charges were announced.

  • July 16, 2026

    SEC Proposes Making E-Delivery Default For Investor Docs

    The U.S. Securities and Exchange Commission on Thursday proposed a new rule that would allow electronic delivery to be the default method for sending investors disclosures, shareholder reports, proxy statements and other information, replacing a standard by which many documents are delivered in paper format unless the recipient chooses otherwise.

  • July 16, 2026

    Wells Fargo, Ocwen Seek Win In ERISA Suit 2nd Circ. Revived

    Wells Fargo and Ocwen asked a New York federal judge for a pretrial win in a suit from union pension fund trustees accusing the companies of mishandling home loans tied to employee pension fund investments, after the Second Circuit partially knocked out the companies' earlier win in March.

  • July 16, 2026

    Zohar Trust Wins $2.4M In Lengthy Row With Lynn Tilton Firm

    Distressed debt investor Lynn Tilton's Patriarch Partners must pay roughly $2.4 million to the litigation trust for a trio of collateralized loan funds she founded in the 2000s, a New York federal judge has ruled, finding that Tilton's private equity firm breached a credit contract.

  • July 16, 2026

    BitConnect Promoter Owes SEC $1M, Judge Says

    A New York federal judge ordered a promoter of digital asset BitConnect to pay more than $1 million to end the U.S. Securities and Exchange Commission's claims that he earned hundreds of thousands of dollars by recruiting investors into an unregistered cryptocurrency lending program, rejecting his arguments that the payment should be reduced.

  • July 16, 2026

    Swedbank To Pay $50M Fine In Panama Papers-Linked Case

    Swedbank AB and its New York branch have agreed to pay a $50 million civil penalty to the New York State Department of Financial Services to resolve claims that the bank failed to fully cooperate with department requests for information related to Swedbank's relationships with Mossack Fonseca, the law firm at the center of the 2016 Panama Papers leak.

  • July 16, 2026

    2nd Circ. Shields Switzerland From Credit Suisse Bond Suit

    In a published opinion Thursday, the Second Circuit affirmed the dismissal of a $372 million bondholder suit against Switzerland over the 2023 collapse of Credit Suisse AG and the reduction in value of $17.3 billion of debt securities, agreeing with a New York judge that the country is immune from being sued in U.S. district court.

  • July 16, 2026

    Simpson Thacher 'Never' Explained Ill-Fated Deal, Exec Says

    A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.

  • July 16, 2026

    Holland & Knight Adds DLA Piper Industrials Sector Co-Chair

    Holland & Knight LLP announced that it has hired the former U.S. co-chair of DLA Piper's industrials sector as a partner in New York.

  • July 16, 2026

    GOP Sen. Tillis Presses Vought On DOGE's 'Amateur' Record

    Retiring Sen. Thom Tillis, R-N.C., on Thursday ripped into White House budget chief Russell Vought over the Trump administration's now-disbanded Department of Government Efficiency, pressing him repeatedly to substantiate its claims of massive taxpayer savings.

  • July 15, 2026

    Ex-Fed Adviser Gets 38 Months For Lying To Investigators

    A former senior adviser to the Federal Reserve Board of Governors was sentenced Wednesday to more than three years in federal prison for lying to investigators about sharing confidential information outside the agency, the U.S. Department of Justice announced.

  • July 15, 2026

    Circuit-By-Circuit Guide To The US Supreme Court's Term

    Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.

  • July 15, 2026

    Adani Denies $10B Offer Led To DOJ Dropping Case

    Indian billionaire Gautam Adani, the chairman of multinational conglomerate Adani Group, on Wednesday told a Brooklyn federal judge that his offer to invest $10 billion in the U.S. had nothing to do with a U.S. Department of Justice decision to drop criminal charges claiming he and others orchestrated a $250 million bribery to secure solar energy contracts and deceive investors.

Expert Analysis

  • Operational AI Washing: Dismantling Claims Before Discovery

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    Operational AI washing claims can be rebuffed before discovery extracts their true costs by turning the documentary record established in earnings calls and public disclosures into a layered defense, which can exploit the Private Securities Litigation Reform Act’s heightened pleading standards, say attorneys at Akerman.

  • Opinion

    SEC Must Clarify Crypto Guidance For Investment Advisers

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    Until the U.S. Securities and Exchange Commission clarifies a conundrum created by recently issued guidance that classifies crypto tokens as digital commodities rather than securities, every registered investment adviser managing a digital commodity portfolio will be simultaneously compliant and exposed, says Nicole Trudeau at Wave Digital Assets.

  • Opinion

    Attys Should Aid Clients' AI Use While Safeguarding Privilege

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    Until legislatures enact laws expressly extending privilege to artificial intelligence queries, lawyers should try to shield their clients' case-related use of AI tools by offering them dedicated access on firms' enterprise accounts and utilizing a long-standing privilege precedent, says Joseph Rillotta at Meadows Collier.

  • What End Of SEC Settlement Gag Rule Means For Defendants

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    The U.S. Securities and Exchange Commission's recent rescinding of its gag rule prohibiting defendants from publicly denying allegations in settled SEC enforcement actions actually heightens the need to think strategically when negotiating resolutions and pursuing public denials of wrongdoing, say attorneys at Cleary.

  • Opinion

    Regulators Should Use Existing Tools To Jump-Start Crypto

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    The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trade Commission should use existing authority to quickly enable crypto trading, custody, clearing and settlement to reduce uncertainty and lay the groundwork for permanent crypto rules, says Lee Schneider at Ava Labs.

  • SEC's Co-Investment Relief Broadens Private Market Access

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    The U.S. Securities and Exchange Commission's recent no-action letter to J.P. Morgan Investment Management permits open-end funds to co-invest with affiliates, removing a long-standing barrier open-end fund sponsors have faced in sourcing private market investments at scale, say attorneys at Debevoise.

  • Your Next Litigation Hold Should Cover AI Chat Logs

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    The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.

  • How SEC, CFTC Proposal Would Ease Private Fund Reporting

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    While the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission’s recent proposal to streamline and lighten certain confidential reporting requirements could bring welcome changes for many private fund advisers, sponsors should consider important nuances of its potential impact, say attorneys at Simpson Thacher.

  • Finding Borrower Risk In The Private Credit Covenant Mix

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    Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower risk from the particular combination of financial metrics included in a loan's covenants, not just the number of covenants, say Christopher Armstrong at Stanford University, and Carlo Gallimberti and David Tsui at Analysis Group.

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

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    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • Sold Inventory May Drive Tax Treatment Of Tariff Refunds

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    Companies determining the tax treatment of refunds expected following the U.S. Supreme Court's February decision invalidating tariffs imposed under the International Emergency Economic Powers Act should consider whether the tariff costs have already reduced their income considering the cost of goods sold, say attorneys at McDermott.

  • Del. Justices' Ripeness Ruling Shields Advance Notice Bylaws

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    The Delaware Supreme Court’s recent decision dismissing two AES and Owens Corning stockholder challenges of advance notice bylaws as unripe provides corporations more room to insulate their nomination procedures from activist pressure, say attorneys at Reed Smith.

  • Operational AI Washing: Fortifying The Disclosure Record

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    The same artificial intelligence-driven workforce narratives that once appeared in earnings calls and Form 8-Ks can easily become raw material for future operational AI washing claims, so companies must be careful when drafting public disclosures because winning a federal motion to dismiss starts months before a lawsuit is ever filed, say attorneys at Akerman.

  • Treasury Proposal Maps Compliance Road For Stablecoins

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    Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter.

  • Tax Teams Get No Bright-Line Rule From AI Privilege Cases

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    Three recent appellate decisions that considered artificial intelligence in the context of attorney-client privilege protections illustrate that taxpayers and tax practitioners alike must consider the pertinent facts on a case-by-case basis, with particular attention to confidentiality, disclosure risk and system design, say attorneys at Morgan Lewis.

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