Securities

  • September 30, 2025

    Credit Suisse Aided Looting Of Tech Exec's Stock, Suit Says

    The co-founder of sensing-tech company Aeva Technologies says Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars in Aeva shares from him in what he described as a "calculated, multi-year orchestrated racketeering scheme," according to a suit filed Tuesday in New York federal court.

  • September 30, 2025

    Globe Life Can't Escape Investors' Toxic Culture Fraud Suit

    A Texas federal court told life insurance company Globe Life Inc. that it cannot escape a proposed shareholder class action alleging that a short-seller report revealed that the company had been ignoring rampant sexual harassment among its employees and participating in fraudulent underwriting practices, saying the suit states plausible claims for relief.

  • September 30, 2025

    Spirit Airlines Brass Face Investor Suit Over Pre-Ch. 11 Claims

    The CEO and chief financial officer of embattled budget airline Spirit face proposed shareholder class action claims that they misled investors about the company's prospects after its emergence from bankruptcy in March, only to announce months later that it had sought Chapter 11 protection once again.

  • September 30, 2025

    HSBC Gets $324M Claims Tossed In Row With Madoff Trustee

    A New York bankruptcy judge has thrown out $324 million of claims against London-based HSBC and its affiliates that were brought by the trustee overseeing the liquidation of Bernie Madoff's bankruptcy estate, finding the claims in an amended complaint do not relate back to claims in an earlier complaint.

  • September 30, 2025

    Judge Casts Doubt On RICO Claim Against Real Estate Mogul

    A federal judge on Tuesday said he was inclined to grant real estate mogul Tony Azar and his associates a pretrial win on an investor's racketeering claim, but he was reluctant to agree with their argument that the rest of the allegations are time-barred.

  • September 30, 2025

    Money Damages Off Table In American Airlines ESG Battle

    A Texas federal judge on Tuesday rejected American Airlines workers' bid for money damages in a class action alleging an investing emphasis on environmental, social and governance factors in their employee retirement plan violated federal benefits law, finding insufficient evidence that American's loyalty breach caused plan losses.

  • September 30, 2025

    FinCEN Seeks Feedback On Financial Compliance Burden

    The U.S. Treasury Department's enforcement arm requested feedback Tuesday on the compliance burden for financial institutions responding to the agency's information requests "as part of its continuing efforts to reduce paperwork and respondent burden."

  • September 30, 2025

    UBS Beats Investors' Swiss Franc Rate Rigging Suit For Good

    A New York federal judge has dismissed claims against UBS AG in a long-running case alleging financial institutions conspired to rig the Swiss franc Libor, saying the plaintiffs failed to demonstrate they had been assigned the necessary recovery rights to pursue their claims.

  • September 30, 2025

    SEC Gives Stamp Of Approval To Texas Stock Exchange

    A Texas-based company hoping to rival the likes of the New York Stock Exchange overcame a major hurdle Tuesday when it won approval from the U.S. Securities and Exchange Commission to register its stock exchange.

  • September 30, 2025

    SEC Beats Law Prof's Suit To Protect NFTs That 'Troll' Agency

    A Louisiana federal judge Tuesday permanently tossed a pre-enforcement challenge targeting the U.S. Securities and Exchange Commission's treatment of nonfungible tokens from a law professor and a musician who were seeking to protect projects that "troll" the SEC.

  • September 30, 2025

    Real Estate Mogul Invited To Settle Fraud, Wage Suit For $40M

    A Chapter 7 trustee and a minority shareholder have offered to drop a sprawling lawsuit against a New York and Connecticut real estate mogul and other company leaders in exchange for $40 million, less than two months after convincing a judge to tie up $51.2 million of the defendants' assets as the contract, fraud and wage case moves forward.

  • September 30, 2025

    SEC Approves Cost Cuts For Consolidated Audit Trail

    The U.S. Securities and Exchange Commission on Tuesday approved a plan that it says could save at least $20 million a year by adopting new data retention standards for a key market surveillance tool, with the agency's chair promising to cut the "ballooning" costs of the market tool even further in the coming months and years.

  • September 30, 2025

    Adams, Bankman-Fried Prosecutor Joins Jenner & Block

    Jenner & Block LLP announced Tuesday that it has hired a longtime New York federal prosecutor who brings experience working on cases against some of the highest-profile criminal defendants in recent years, including New York Mayor Eric Adams and FTX founder Sam Bankman-Fried.

  • September 30, 2025

    Longtime SEC Litigator Joins Invitation Homes In Texas

    A litigator with more than two decades of U.S. Securities and Exchange Commission experience has joined the legal team at Dallas-based single-family home leasing and management company Invitation Homes Inc. as senior vice president, litigation and investigations.

  • September 30, 2025

    Altria Loses Out On $38M Refund On Foreign Subsidiaries

    Tobacco products maker Altria is not entitled to a $38 million tax refund on foreign subsidiaries, a Virginia federal court found, saying the company was an indirect shareholder through its interest in Anheuser-Busch and therefore owes taxes on its portion of the subsidiaries' income.

  • September 30, 2025

    Pharma Co. Asks Judge To Toss 'Vague' Investor Class Action

    Counsel for Marinus Pharmaceuticals Inc. told a Pennsylvania federal judge Tuesday that a shareholder class action alleging the company misled investors about the potential success of an epilepsy drug was based solely on "vague and uncorroborated" statements from confidential witnesses.

  • September 29, 2025

    SEC, CFTC Eye Collaboration To Cut Redundant Rules, Cases

    Federal commodities and securities regulators said Monday that they're looking for ways to cut down on duplicative regulation and enforcement matters and coordinate their exemptions and rule writing amid increasing innovation in the markets they oversee.

  • September 29, 2025

    Feds Charge Prophecy Hedge Fund CEO With $294M Fraud

    The former CEO of collapsed investment adviser Prophecy Asset Management LP was arraigned Monday on federal fraud charges over his alleged involvement in a $294 million hedge fund wipeout that his former business partner previously pled guilty to.

  • September 29, 2025

    Wash. Bank Abetted $230M Ponzi Scheme, Investors Say

    A Washington state bank has been accused of keeping afloat a real estate investment firm's $230 million Ponzi scheme by maintaining the enterprise's accounts even when evidence of fraud surfaced, according to a new lawsuit in Seattle federal court.

  • September 29, 2025

    Lithium Co. Beats Investor Suit Over Extraction Rate Claims

    Canadian extraction plant operator Standard Lithium Ltd. on Monday escaped a proposed shareholder class action accusing it of misleading investors about the production capabilities of a U.S. plant after a federal judge determined the suit does not show investors were harmed by inconsistencies between its public statements and disclosures it made to a state government agency.

  • September 29, 2025

    Del. Heavyweight Firms Get Lead Spot For Endeavor Deal Suit

    The Delaware Chancery Court tapped Bernstein Litowitz Berger & Grossmann LLP and Grant & Eisenhofer PA on Monday as lead co-counsel for the shareholder class action over sports and entertainment company Endeavor Group Holdings Inc.'s $13 billion take-private merger.

  • September 29, 2025

    Boeing Using Rejected Args In 737 Max Fraud Suit, Fund Says

    An investment fund has told an Illinois federal judge that Boeing cannot escape a lawsuit alleging it misrepresented the overall safety of the 737 Max 8 after two deadly crashes in 2018 and 2019, saying it has pinpointed specific misstatements that judges in similar cases have already deemed actionable.

  • September 29, 2025

    CFTC Illegally Blocking Fantasy Site's Application, Court Told

    A fantasy sports company is challenging the Commodity Futures Trading Commission's move to intervene in its application to become a licensed broker for derivatives trading, saying its application has been stalled in front of the industry's regulating body despite meeting all the requirements.

  • September 29, 2025

    Hain 'Channel-Stuffing' Securities Suit Revived By 2nd Circ.

    The Second Circuit on Monday reversed a district court's dismissal of a proposed class action accusing food and personal care company Hain Celestial of "channel-stuffing," or asking distributors to take more product than they can sell in order to cover up flagging demand, finding the class had adequately alleged actionable misrepresentations and false statements by the company.

  • September 29, 2025

    Chancery Urged To Keep Alive Ukrainian Oligarch Suit

    An attorney for an investor seeking to recover $58.5 million allegedly lost to individuals and entities entangled in decades-old fraud-related allegations involving two Ukrainian oligarchs and others urged a Delaware vice chancellor Monday to reject claims that time ran out for the case years ago.

Expert Analysis

  • The Crucial Question Left Unanswered In EpicentRx Decision

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    The California Supreme Court recently issued its long-awaited decision in EpicentRx Inc. v. Superior Court, resolving a dispute regarding the enforceability of forum selection clauses, but the question remains whether private companies can trust that courts will continue to consistently enforce forum selection clauses in corporate charters, says John Yow at Yow PC.

  • MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't

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    As U.S. v. Peraire-Bueno, involving cryptocurrency fraud charges against brothers who graduated from the Massachusetts Institute of Technology, moves forward after surviving a motion to dismiss, the case provides an early example of how the government might use the federal fraud statutes to regulate decentralized networks, say attorneys at ArentFox Schiff.

  • Why EpicentRx Ruling Is A Major Win For Business Certainty

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    The California Supreme Court's recent decision in EpicentRx v. Superior Court removes a significant source of uncertainty that plagued commercial litigation in California by clarifying that forum selection clauses shouldn't be invalidated solely because the selected forum lacks the right to a jury trial, say attorneys at Clark Hill.

  • How Sustainability Reporting Changed In The 1st Half Of 2025

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    Sustainability reporting is evolving rapidly, with fewer S&P 500 companies publishing reports in the first half of 2025 than in the same period last year, suggesting that companies are becoming more selective and intentional about their reporting, say analysts at Orrick.

  • 9th Circ. Finding That NFTs Are Goods Will Change TM Law

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    The Ninth Circuit's recent ruling in Yuga Labs v. Ripps establishes that NFTs have real, commercial value under U.S. federal trademark law, a new legal precedent that may significantly influence intellectual property enforcement and marketplace policies regarding digital assets going forward, say attorneys at Wilson Elser.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • Lessons From Liberty Mutual FCPA Declination

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    Liberty Mutual’s recent Foreign Corrupt Practices Act resolution with the U.S. Department of Justice signals that the Trump administration is once again considering such declinations after an enforcement pause, offering some assurances for companies regarding the benefits of voluntary self-disclosure, say attorneys at Paul Weiss.

  • 3 Rulings Show Hurdles To Proving Market Manipulation Fraud

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    Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.

  • Drafting M&A Docs After Delaware Corp. Law Amendments

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    Attorneys at Greenberg Traurig discuss how the March and June amendments to the Delaware General Corporation Law affect the drafting of corporate and M&A documents, including board resolutions, governing documents, and books and records demands.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • Untangling 'Debanking' Exec Order And Ensuing Challenges

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    President Donald Trump's recent executive order on the practice of closing or refusing to open accounts for high-risk customers has heightened scrutiny on "debanking," but practical steps can help financial institutions reduce the likelihood of becoming involved in investigations, say attorneys at Winston & Strawn.

  • Patterns And Trends In Publicly Filed Insider Trading Policies

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    An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise.

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • How New Texas Law Targets ESG Proxy Advice

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    A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

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