Securities

  • September 14, 2026

    NY Flags AI Models As Cyber Risk Review Factor For Banks

    A top New York regulator is urging the state's banks and insurers to stay on top of evolving cybersecurity threats, flagging the launch of powerful new artificial intelligence models as the kind of major market development that can necessitate updating their risk assessments.

  • September 14, 2026

    Chinese Co. To Pay SEC $500K Over Sham Transactions Claim

    China-based retail platform operator Dada Nexus will pay $500,000 to settle the U.S. Securities and Exchange Commission's claims that its employees carried out fraudulent transactions that allowed the company to overstate its net revenues and costs in filings with the agency.

  • September 14, 2026

    Ex-Funko Exec To Pay SEC $1M In Insider Trading Case

    The U.S. Securities and Exchange Commission reached a $1 million insider trading settlement Monday with a former Funko Inc. executive who allegedly sold his shares after learning that the toymaker's CEO was planning to step down.

  • September 14, 2026

    CFTC Touts 'Record' Year With $150M To Whistleblowers

    The U.S. Commodity Futures Trading Commission announced Monday it has handed out more than $150 million to whistleblowers over the past two months, and its general counsel said the agency is having a "record year" for awarding tipsters.

  • September 14, 2026

    FINRA Pressed To Tighten 'Finfluencer,' AI Communications

    A coalition of state regulators has urged the Financial Industry Regulatory Authority to more closely monitor how broker-dealers use social media and artificial intelligence to communicate with the public as FINRA considers providing its members with more leeway on customer outreach.

  • September 14, 2026

    Quinn Emanuel Ends Ex-Binance CEO Suit Over $1.5M Bill

    Quinn Emanuel has quietly dropped its lawsuit against former Binance CEO Changpeng Zhao, in which it asked a court in Washington, D.C., to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

  • September 14, 2026

    Hyliion Investors End Suit Over Data Center Deal

    A proposed class of Hyliion Holdings Corp. investors has voluntarily dropped its suit against the linear generators company, which was accused in Texas federal court of overhyping a data center partnership with an artificial intelligence infrastructure company.

  • September 14, 2026

    National Instruments Reaches $28M Deal Over Hidden Bids

    National Instruments Corp., two former executives and a class of investors have reached a $28 million deal to resolve claims that the company repurchased stock while concealing from investors that it was considering being acquired.

  • September 14, 2026

    UBS Can't Nix Trust's Fee Claim Over Alleged Concealment

    A New York federal judge has trimmed a charitable trust's mismanaged funds suit against UBS, finding that the suit adequately pleads that the defendants concealed their alleged fraud but that no private right of action exists for breach of fiduciary duty claims under the Investment Advisers Act.

  • September 14, 2026

    Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

    Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed the subsidiary into bankruptcy to dodge $115 million in debt.

  • September 14, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week saw disputes over allegedly fabricated board approvals at a telecom infrastructure startup, insider trading and child safety at Roblox Corp. and ownership of artificial intelligence technology used in legal proceedings.

  • September 11, 2026

    'FBoy Island' Star-Turned-Va. Candidate Sues Over Kalshi Fine

    A lawyer and former contestant on the reality series "FBoy Island" has sued Kalshi after he was banned for trading on prediction markets about his own political campaign, saying he's not advocating for political candidate trading, rather, he's highlighting the monetization of candidates on prediction markets.

  • September 11, 2026

    Accounting Firm Says Malpractice Suit Must Be Arbitrated

    New York-based accounting firm Citrin Cooperman is arguing that a multimillion-dollar malpractice lawsuit over its work for a Cayman Islands special purpose acquisition company belongs in arbitration, even though the litigation was filed by that company's sponsor.

  • September 11, 2026

    Atlas Energy Inks $17M Deal To End Investor Suit Over Reorg

    Atlas Energy Solutions Inc. has reached a $17 million settlement to resolve shareholder claims over the oilfield services company's 2023 reorganization, according to a copy of the proposed agreement filed Friday in the Delaware Chancery Court.

  • September 11, 2026

    Tesla Investors Press Del. High Court To Keep Cases In State

    Tesla Inc. investors have asked the Delaware Supreme Court to keep in the state a trio of lawsuits accusing the carmaker and its CEO, Elon Musk, of breaching their fiduciary duty, after a Chancery Court judge ruled earlier this year that the cases belong in Texas.

  • September 11, 2026

    Bongino Disavows Inside Knowledge On Parler Ouster

    Former deputy FBI director Dan Bongino testified Friday that he was not privy to decisions leading to social media company Parler's 2021 ouster of its CEO, but he was pressed over having seen a draft of the document revision that supposedly allowed the CEO's 40% interest to be confiscated.

  • September 11, 2026

    SEC Says Tax Co. Owners Ran $64M Ponzi Scheme

    The U.S. Securities and Exchange Commission has accused two former investment fund operators who also ran a Tennessee-based tax preparation business and their former employee of participating in a scheme that fraudulently raised $64 million from more than 230 investors, some of which were paid with Ponzi-like payments from previous investors.

  • September 11, 2026

    Prediction Markets Ask Justices To Settle Sports Wager Split

    Crypto.com on Friday became the third party to call on the U.S. Supreme Court to address the closely-watched circuit split on prediction market regulation, challenging a Ninth Circuit decision that allowed Nevada regulators to police certain sports event contracts since their "substance" appeared to be gambling.

  • September 11, 2026

    Ex-Edward Jones Adviser Gets 7 Years In Embezzlement Case

    A Georgia federal judge on Friday handed a prison sentence of just over seven years to a former Edward Jones investment adviser who prosecutors said embezzled an elderly client out of about $9.5 million.

  • September 11, 2026

    Kalshi Can Appeal Tribe's Sports Betting Claims, Judge Says

    A Wisconsin federal judge Friday said Kalshi can appeal a ruling allowing claims brought by the Ho-Chunk Nation to proceed, saying that since the issues involved will "certainly" make their way to the U.S. Supreme Court eventually, the Seventh Circuit should consider them now.

  • September 11, 2026

    CVS Renews Bid To Escape Investors' AI Use Suit

    CVS Health Corp. wants a second shot at dismissing a lawsuit accusing it of inflating its revenues through the use of artificial intelligence, arguing investors haven't shown it was using the technology to deny prior authorization requests. 

  • September 11, 2026

    SEC Fines Canadian Firm $750K Over AML Reporting Failures

    A subsidiary of Canadian broker-dealer Haywood Securities Inc. will pay $750,000 to settle the U.S. Securities and Exchange Commission's claims it violated its own anti-money laundering policies by failing to submit certain suspicious activity reports, some of which involved known criminals.

  • September 11, 2026

    Prediction Markets' High Court Clash Looks More Imminent

    The widespread clash over whether the regulation of prediction markets falls under federal or state jurisdiction was bound to land in the U.S. Supreme Court, and a new circuit split and urgent policy questions may force the justices' hands to take up the issue.

  • September 11, 2026

    REIT Defeats Class Claims Over $2.2B Property Impairments

    A California federal judge dismissed a proposed securities class action against Alexandria Real Estate Equities Inc., finding the investors didn't sufficiently allege that the REIT's executives misled them about $2.2 billion worth of property impairments.

  • September 11, 2026

    Ex-CEO Of AI Recruitment Co. Cops To $27M Investor Fraud

    The former CEO of bankrupt artificial intelligence-powered staffing firm Joonko Diversity on Friday entered a guilty plea to charges that she defrauded investors out of $27 million using forged financial documents and lying about the company's customers.

Expert Analysis

  • Rethinking Risk And Value In Private Credit Disputes

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    Private credit disputes will increasingly turn on whether lenders recognized enterprise-value risk and updated marks as borrower conditions changed, making valuation processes, trigger frameworks and portfolio oversight critical for investors and litigants, say Isil Erel at the Ohio State University and Farooq Javed at The Brattle Group.

  • How To Limit Trading Risk When AI Accesses Nonpublic Info

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    Financial firms' increasing adoption of artificial intelligence raises questions about how to control AI tools' access to nonpublic information to mitigate the risk of a trading, surveillance or enforcement problem, but designing policies to prevent misuse may help, say attorneys at Skadden.

  • 4th Circ. Boeing Class Cert. Ruling May Have Limited Reach

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    While the Fourth Circuit's recent decision to reverse class certification against Boeing appears to potentially create a circuit split or heighten the standards for achieving class certification, that conclusion overlooks the decision's very specific circumstances, and its impact will likely be limited outside the circuit, say attorneys at Bleichmar Fonti.

  • Justices' FTC Ruling Weakens Qui Tam's Constitutional Base

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    The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional foundations of the False Claims Act’s qui tam mechanism, says Daniel Passeser at Wiggin.

  • 5 Financial Statement Fraud Red Flags To Spot Post-Sripetch

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    The U.S. Supreme Court recently held in Sripetch v. U.S. Securities and Exchange Commission that disgorgement exists to strip a wrongdoer of unjust enrichment, not merely to compensate victims for what they lost, shifting the work at the center of securities fraud cases in five ways, says Rand Manasse at Green Lane Partners.

  • Series

    Being A Sommelier Makes Me A Better Lawyer

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    Being a sommelier has quietly shaped how I practice law by changing the way I think, communicate and connect with people, and offers a constant reminder that expertise is about making your knowledge useful and accessible to others, says Kara Du at Sheppard.

  • Inside SEC Crypto Vault Statement's Securities Law Warning

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    Although the U.S. Securities and Exchange Commission's posture toward crypto products and activities has been more favorable under the current administration, Commissioner Hester Peirce's recent statement on crypto vaults highlights why that posture does not eliminate the need for careful securities law analysis, say attorneys at Skadden.

  • 3 Private Suits Test Influencer Ads As FTC Stays On Sidelines

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    Three lawsuits filed so far this year illustrate how influencer campaigns are facing growing scrutiny from private plaintiffs, despite the Federal Trade Commission not bringing an influencer marketing enforcement action since revising its endorsement guides to address the topic in 2023, but brands can take concrete steps to reduce the risks, says Gonzalo Mon at Kelley Drye.

  • 3 Upcoming Deadlines That EB-5 Investors Should Consider

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    Potential EB-5 regional center investors should weigh three approaching deadlines, the most immediate of which is Sept. 30, that may affect their filing strategy, required capital commitment and ability to participate even if Congress fails to reauthorize the program, says Michael Ashoori at Ashoori Law.

  • AI, Prediction Markets Lead Securities Developments In 2026

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    Securities class actions tied to artificial intelligence and the battle over prediction market regulation both raise novel questions that courts are only beginning to address and that will continue to resonate throughout the second half of the year, say attorneys at Skadden.

  • Community Bank Order Signals Fintech Partnership Scrutiny

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    The Office of the Comptroller of the Currency's recent consent order against Community Federal Savings Bank for deficiencies in its Bank Secrecy Act and anti-money laundering compliance programs offers clear and urgent lessons for community banks pursuing revenue growth through fintech partnerships and payments services, say attorneys at Bradley.

  • Where Is The Line On Actionable Comms In Securities Cases?

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    Recent securities cases demonstrate the difficulty in discerning a clear difference between statements made in connection with the purchase or sale of securities and those that aren't, with that line more likely attributable to individualized factual situations than to any doctrinal differences of opinion between various courts, says Samuel Groner at Fried Frank.

  • NJ Supreme Court Ruling Exposes D&O Gaps For PE Boards

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    The New Jersey Supreme Court's recent decision in Mist Pharmaceuticals v. Berkley Insurance, barring directors and officers coverage, serves as a cautionary tale for private equity executives serving in overlapping roles at sponsor and portfolio companies, say attorneys at Reed Smith.

  • China's New Outbound Investment Rule Reshapes Deal Risk

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    China's new outbound investment regulation introduces broad national security review and penalties, including personal liability, that will necessitate deeper diligence of cross-border deal participants with Chinese ties, earlier regulatory planning and closer attention to sanctions exposure, say attorneys at Freshfields.

  • Tips For Issuers Left In Lurch Without Genius Act Final Rules

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    The compliance runway envisioned by the Genius Act is steadily shrinking after regulators failed to finalize all the required implementing regulations by July 18, so stablecoin issuers should begin implementing "no-regrets" compliance measures and securing outside vendors before the law takes full effect in January, says David Zaslowsky at Baker McKenzie.

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