Securities

  • February 13, 2026

    Crypto CEO Gets 20 Years For $200M Bitcoin Ponzi Scheme

    The CEO of a cryptocurrency trading company will serve 20 years for his role in a $200 million Ponzi scheme that federal prosecutors said defrauded more than 90,000 investors worldwide, a sentence the CEO claims is too long given his life expectancy.

  • February 13, 2026

    Momentus Co-Founder Sues In Del. For Space Co. Legal Fees

    A founding officer of a "space tug" venture formed to haul satellites after launch to their destinations sued the company in Delaware's Court of Chancery late Friday, alleging that the business has failed to honor agreements to cover his legal fees for years of litigation.

  • February 13, 2026

    FinCEN Opens Online Portal For Whistleblower Tips

    An enforcement arm of the U.S. Treasury Department on Friday launched a webpage for confidential whistleblower tips on fraud, money laundering and sanctions violations, touting financial awards for eligible tips.

  • February 13, 2026

    Expensify Inks $9.5M Investor Deal Over Pre-IPO Claims

    Expensify Inc. has agreed to pay $9.5 million to resolve a proposed class of investors' lawsuit that accused the company of misleading them about its "bottom-up" business model ahead of its nearly $263 million initial public offering, according to a motion seeking an Oregon federal court's preliminary approval of the settlement.

  • February 13, 2026

    Reed Smith Nabs Ex-WilmerHale Capital Markets Pro

    Reed Smith LLP has hired a former WilmerHale attorney who specializes in corporate and securities matters as a global corporate group partner in Denver for the firm's business and finance department.

  • February 13, 2026

    5 Cattle Trading Co. Workers Charged In $220M Fraud Scheme

    Five employees of a defunct cattle trading company were charged in Texas federal court with defrauding over 2,000 victims in a $220 million Ponzi-like scheme where they falsely promised to spend investor money on raising cattle but used it to pay off prior investors, loans and personal expenses.

  • February 13, 2026

    Bannon, Epshteyn Sued Over 'Let's Go Brandon' Coin Promos

    Stephen Bannon and Boris Epshteyn, a senior aide to President Donald Trump, have been hit with a proposed class action in Washington, D.C., federal court over their promotion of the "Let's Go Brandon" crypto coin, named after the infamous anti-Biden meme.

  • February 13, 2026

    HP Investors Win Final OK For $39M Deal, Attys Get $11.7M

    A California federal judge said Friday he will approve HP Inc.'s $39 million settlement to resolve securities fraud litigation that the Ninth Circuit revived in 2023 and agreed to grant the investors' attorneys $11.7 million from that total, commending the parties for working together to reach a "very fair" and reasonable settlement.

  • February 13, 2026

    Investor Says Pot Startup Faked Deals, Took Money And Ran

    An investor is suing cannabis startup Infinite Percent Partners LLC and its owner in California federal court, saying he was tricked into investing by lies about the company's prospects, while its owner took the investor funds, spent them on himself and disappeared.

  • February 13, 2026

    FinCEN Eases Beneficial Owner ID Rules For Banks

    The U.S. Treasury Department's Financial Crimes Enforcement Network announced Friday that banks are excepted from certain aspects of the agency's customer due diligence rules, including the requirement to repeatedly identify the beneficial owners of existing corporate account holders.

  • February 13, 2026

    Domino's Brass Faces Derivative Suit Over Growth Walkback

    Executives and directors of pizza chain Domino's face shareholder derivative claims in Michigan federal court that it downplayed challenges its largest franchisee was facing, hurting investors when the company was forced to suspend its goal to open more than 1,100 new stores annually over five years.

  • February 13, 2026

    Weedmaps Reaches Deal To End Investors' Stock Drop Suit

    Weedmaps Technology Inc. has reached a deal to end a proposed class action from investors alleging the cannabis tech company inflated its monthly average users metric after going public.

  • February 12, 2026

    JPMorgan Unit Must Face Trimmed Cash Sweep Claims

    A JPMorgan Chase subsidiary must face some, but not all, of the claims in a consumer proposed class action accusing the bank and a brokerage firm of underpaying the interest on their cash sweep accounts, a New York federal judge ruled Thursday.

  • February 12, 2026

    Goldman Sachs' CLO Resigns After Epstein Email Revelations

    Kathryn Ruemmler, the chief legal officer for Goldman Sachs, announced plans Thursday to step down, after the U.S. Department of Justice released emails showcasing her relationship with disgraced financier Jeffrey Epstein.

  • February 12, 2026

    5 Key Flashpoints From Fed's 'Skinny' Account Proposal

    The Federal Reserve's push to create "skinny" master accounts that would open up access to U.S. payment rails has become the latest front in long-running turf wars between banks and fintech companies. Here are five of the project's hottest flashpoints attracting controversy.

  • February 12, 2026

    Skyline CEO Indicted Over Alleged Lies About AI, Other Tech

    The CEO of Skyline Technologies has been indicted on charges that he defrauded investors out of more than $1 million, including by allegedly lying that the company was developing an AI trading product that would guarantee annual investment returns up to 22 percent, the New Jersey Attorney General's Office announced on Thursday.

  • February 12, 2026

    Super Micro Investor Fights Uphill At 9th Circ. To Lead Suit

    A Ninth Circuit panel appeared skeptical Thursday of a Super Micro Computer Inc. investor's writ of mandamus petition challenging a lower court's decision to reject it as lead plaintiff in a proposed securities class action, with each judge expressing doubts that the investor has shown its "extraordinary" request for relief is warranted.

  • February 12, 2026

    Law Firm Shouldn't Have To Give Up 1MDB Docs, Judge Says

    A federal magistrate judge has recommended denying former Malaysian Prime Minister Najib Razak's bid to obtain discovery from a Manhattan law firm in connection with his efforts to challenge his conviction in Malaysia, finding that the request would impose an "enormous" burden on defense counsel involved in the prosecution of the 1MDB bond bribery scandal.

  • February 12, 2026

    Chancery Mulls Contempt For Co. Refusing Legal Fee Demand

    A request for a Court of Chancery contempt sanctioning of "smart" glass-maker View Inc. for failure to pay millions in legal fee advancements sought by its former chief financial officer went to a Delaware Magistrate in Chancery for a ruling Thursday, with decisions affecting the cost pending in multiple courts.

  • February 12, 2026

    Edgio Execs To Pay $15M To End Misstated Revenue Suit

    Former executives of Edgio Inc. will pay $15 million to shareholders to end claims that the executives misled investors about Edgio's control over its internal financial reporting in the months leading up to the bankrupt software company's admission that it overreported revenue.

  • February 12, 2026

    SEC's Atkins Rejects Top Dem's Crypto Corruption Claims

    U.S. Securities and Exchange Commission Chairman Paul Atkins on Thursday pushed back on claims his agency dropped against cryptocurrency firms as a political favor to President Donald Trump, telling Senate Democrats a "changed attitude" by the commission led to the dismissals.

  • February 12, 2026

    Top SEC Enforcer Sees Fewer Cases Over Common Violations

    The U.S. Securities and Exchange Commission's enforcement chief says she is confident that many violations of federal securities laws concerning requirements for reporting, recordkeeping and internal accounting should not result in agency enforcement actions.

  • February 12, 2026

    Airbnb Escapes Most Of Conservative Investors' Suit

    A Delaware federal judge on Thursday trimmed claims from two institutional shareholders' suit alleging Airbnb wrongfully excluded their shareholder proposals from proxy materials, nixing claims against specific executives and claims about not-yet-released 2026 proxy materials.

  • February 12, 2026

    GOP Lawmakers Probe CalPERS's 'Radical' ESG Investments

    The chair of the House Education and Workforce Committee and two other Republican lawmakers sent a letter Thursday to California's largest public pension fund, demanding information on whether it prioritized "radical left-wing causes" over protecting retirement savers.

  • February 12, 2026

    Maxeon Dodges Investor Suit Over Financial Disclosures

    Maxeon Solar Technologies has escaped a shareholder class action accusing it of misleading investors about its liquidity issues, with a California federal judge ruling that none of the challenged statements in the suit were shown to be false or misleading.

Expert Analysis

  • How Occasional Activists Have Reshaped Proxy Fights

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    The sophistication and breadth of first-time activist engagement continue to shape corporate governance and strategic outcomes, as evidenced across corporate annual meetings this summer, meaning advisers should anticipate continued innovation in tactics, increased regulatory complexity, and a persistent focus on board accountability, say attorneys at MoFo.

  • US-German M&A Hits Its Stride Despite Economic Headwinds

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    Against expectations, dealmakers in both the U.S. and Germany are actively seeking investment opportunities in each other's markets, with 2025 shaping up to be the strongest year in recent memory, say attorneys at White & Case.

  • Enter The Wu-Tang Ruling That May Change Trade Secret Law

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    A New York federal court's recent holding that a Wu-Tang Clan album qualifies as a trade secret provides the first federal framework for analyzing trade secret claims involving assets valued primarily for exclusivity, potentially reshaping Defend Trade Secrets Act jurisprudence for the digital economy, says Jason Bradford at Jenner & Block.

  • How Financial Cos. Can Prep As NYDFS Cyber Changes Loom

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    Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury.

  • Opinion

    Ending Quarterly Reporting Would Erode Investor Protection

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    President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti.

  • Series

    Adapting To Private Practice: 3 Tips On Finding The Right Job

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    After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.

  • A Look At Project Crypto's Plans For Digital Asset Regulation

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent announcement of Project Crypto, an agencywide initiative to modernize federal securities regulations, signals a significant shift toward a more flexible regulatory framework that would shape the future of the U.S. digital asset market, say attorneys at WilmerHale.

  • Series

    Painting Makes Me A Better Lawyer

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    Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.

  • 3 Trends From AI-Related Securities Class Action Dismissals

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    A review of recently dismissed securities class actions centering on artificial intelligence highlights courts' scrutiny of statements about AI's capabilities and independence, and sustained focus on issues that aren't AI-specific, say attorneys at Alston & Bird.

  • CFTC, SEC Joint Statement Highlights New Unity On Crypto

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    The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission's recent joint statement announcing a cross-agency initiative enabling certain spot crypto-asset products to trade on regulated exchanges is the earliest and most visible instance of interagency cooperation on crypto regulation, say attorneys at Morgan Lewis.

  • Regulatory Uncertainties Loom As Fed Ends Crypto Oversight

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    The Federal Reserve Bank's recently ended crypto supervisory program headlines other recent federal actions from Congress, the White House and relevant agencies that may complicate financial institutions' digital-asset use and attendant compliance strategies, say attorneys at Buchalter.

  • Opinion

    SEC Arbitration Shift Is At Odds With Fraud Deterrence

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    The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller.

  • Better Crypto Insurance Is Attainable Amid Regulatory Shifts

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    With regulatory clarity improving and insurance carriers taking an increasingly constructive approach, crypto industry participants can improve their insurance coverage and pricing if finance, legal and compliance teams take specific steps, say Walker Newell and Jacob Sawyer at Woodruff-Sawyer.

  • Protecting Sensitive Court Filings After Recent Cyber Breach

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    In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.

  • Series

    NC Banking Brief: All The Notable Legal Updates In Q3

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    There were several impactful changes to the financial services landscape in North Carolina in the third quarter of the year, including statutory updates, enforcement developments from Office of the Commissioner of Banks, and notable mergers, acquisitions and branch expansions, say attorneys at Moore & Van Allen.

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