Securities

  • August 19, 2026

    1st Circ. Says Apellis Disclosures Weren't 'Half-Truths'

    A First Circuit panel on Wednesday affirmed the dismissal of a securities fraud lawsuit accusing Apellis Pharmaceuticals and some of its top executives of misleading investors about the safety testing of the company's eye drug Syfovre, finding no actionable claim the company told "half-truths" about potential side effects of inflammation that can lead to blindness. 

  • August 19, 2026

    3rd Circ. Urged To Revisit Arbitration Doctrine In Award Fight

    An asset management firm required to pay about $11 million in administrative fees and interest has asked the Third Circuit to reconsider its opinion upholding a doctrine under which arbitrators are barred from revisiting their prior decisions, saying it conflicts with binding Third Circuit precedent.

  • August 19, 2026

    Generac Investors Ask 7th Circ. To Revive COVID Sales Suit

    A pension fund has urged the Seventh Circuit to revive a securities class action accusing home generator company Generac Holdings Inc. and its top brass of failing to keep up with a surge in business during the COVID-19 pandemic, arguing the lower court erroneously found that the statements challenged by the suit were immaterial.

  • August 19, 2026

    Outcome Health Execs Owe $270M And Counting For Fraud

    Former Outcome Health executives who were convicted of a $1 billion fraud against investors, lenders and customers must repay $270.8 million to certain victims, though that amount will climb higher with additional calculation, an Illinois federal judge said Wednesday.

  • August 19, 2026

    SEC Seeks $850K From Disbarred Calif. Atty

    The U.S. Securities and Exchange Commission asked a Texas federal judge Wednesday to order a disbarred California attorney to pay more than $850,000 in disgorgement and civil penalties for his alleged participation in a $112 million pump-and-dump fraud scheme, arguing a maximum penalty is warranted "based on his egregious misconduct."

  • August 19, 2026

    Video Tech Co. Founder Gets 6 Years For Stock Fraud

    The founder of a Silicon Valley video streaming service was sentenced to six years in federal prison Wednesday for orchestrating a pump-and-dump stock fraud scheme that stole money from at least 100 investors.

  • August 19, 2026

    Footprint Investors Sue In Del. Over $500M Financing Deal

    Early investors in Footprint International Holdco Inc. have sued the sustainable packaging company, its directors and several institutional investors in the Delaware Chancery Court, alleging that insiders used a $500 million financing round to seize control of the company and strip longtime Class A investors of valuable stockholder rights.

  • August 19, 2026

    OCC Advancing Stablecoin Rule At 'Great Speed,' Gould Says

    The Office of the Comptroller of the Currency plans to issue the main rule establishing its stablecoin oversight framework by November and expects to be ready to process issuer licensing applications as soon as January, the agency's top official said Wednesday.

  • August 19, 2026

    CFTC Seeks Input On Derivatives To Hedge AI Costs

    The U.S. Commodity Futures Trading Commission is calling for expert feedback on a new type of derivative contract that could offer companies a way to hedge the cost of artificial intelligence development, with the agency's leader saying Wednesday that the market could help the country "win the AI race."

  • August 19, 2026

    SEC Sued In Fight Over $4.8M Victim Fund Payout

    A pair of real estate investment trusts have sued the U.S. Securities and Exchange Commission in North Dakota federal court, seeking to force the handover of $4.8 million that they allege they are owed as the primary victims of a fraud scheme the agency settled in 2023.

  • August 19, 2026

    Chipotle Beats Investor Suit Over Viral Burrito Size Backlash

    Chipotle Mexican Grill has permanently beaten an investor suit tied to social media-fueled complaints about its portion sizes, with a California federal judge finding that the suit failed to plausibly plead its securities fraud theories.

  • August 19, 2026

    CFTC Spares FTX's Ellison, Wang Fines For Cooperation

    Former FTX and Alameda Research executives Caroline Ellison and Gary Wang have agreed to trading and registration bans, but will not face financial penalties, as part of deals with the U.S. Commodity Futures Trading Commission to resolve fraud claims against them over their roles in the scheme that caused the crypto exchange and trading firm to collapse.

  • August 19, 2026

    NY Attorney Can't Arbitrate $33M Crypto Ponzi Scheme Case

    A Texas federal judge has ruled that New York attorney Peter D. Hatzipetros and two alleged co-conspirators can't send a lawsuit accusing them of defrauding investors of $33 million through a crypto Ponzi scheme to arbitration, saying none of the defendants had proved they could enforce the arbitration agreements against any of the plaintiffs.

  • August 19, 2026

    Google Gets $12.2B Option To Buy Stake In Chipmaker Marvell

    Marvell Technology has issued Google a warrant to buy up to 58.97 million shares of its common stock, worth about $12.2 billion at the warrant's exercise price, according to a Marvell securities filing Wednesday.

  • August 19, 2026

    Med Co. Director's Fiduciary Claims Not Covered, Judge Says

    A Nationwide unit had no duty to defend or indemnify a medical diagnostics company's directors against another director and shareholder's fiduciary breach allegations, a California federal court ruled, saying coverage was barred by an "insured v. insured" exclusion.

  • August 19, 2026

    Warshaw Burstein Adds Tax Pro From Foley & Lardner

    Warshaw Burstein LLP has added a Foley & Lardner LLP attorney to its tax and corporate and securities groups.

  • August 18, 2026

    SEC Proposes Long-Awaited Crypto Offering Exemptions

    The U.S. Securities and Exchange Commission on Tuesday unveiled plans to exempt some cryptocurrency offerings from its registration requirements and to create a safe harbor for some projects to eventually shed securities law obligations altogether.

  • August 18, 2026

    Easterly Fund Must Face Claims Over Illiquid Investments

    A New York federal judge has largely granted a dismissal bid in an investor class action over the collapse of the Easterly ROCMuni High Income Municipal Bond Fund, tossing challenged statements in the suit about the fund's valuation and investments in defaulted securities, but keeping claims tied to the fund's illiquid investments.

  • August 18, 2026

    Tricolor Execs Accused Of Securities Fraud By SEC

    The U.S. Securities and Exchange Commission on Tuesday sued the founder of bankrupt subprime auto lender Tricolor Holdings and two of its executives, accusing them of double pledging collateral and misrepresenting the debt pools they were offering to lenders.

  • August 18, 2026

    Black & Decker Retiree Seeks Cert. In BlackRock ERISA Suit

    A former Black & Decker employee who alleged the company failed to trim underperforming BlackRock investment funds from its 24,000-member retirement plan urged a Connecticut federal judge to grant class certification, arguing Monday common questions predominate over individualized issues, since the core allegations involve the defendant's administration of the plan. 

  • August 18, 2026

    Franchise Group Trust Seeks $700M Over Take-Private Deal

    The litigation trust created after Franchise Group Inc.'s bankruptcy on Tuesday sued the company's former CEO, advisers and others in the Delaware Chancery Court, accusing them of carrying out a fraudulent take-private deal that caused more than $700 million in damages.

  • August 18, 2026

    Fla. Judge Wants More Public Info In SEC's PE Fraud Suit

    A Florida federal judge on Tuesday declined to grant the U.S. Securities and Exchange Commission's request to unseal court-appointed monitor reports of a private equity firm accused of fraud in a $1 billion fund, but said some information wasn't privileged and allowed the government to list what should be public.

  • August 18, 2026

    Intuit Hid AI, Mailchimp Woes From Investors, Suit Says

    TurboTax distributor Intuit Inc. has been hit with a shareholder's proposed class action accusing it of falsely telling investors that it was well-positioned to integrate generative artificial intelligence tools even though the technology was actually diminishing Intuit's primary businesses.

  • August 18, 2026

    Texas Court Wipes Ex-GloriFi CEO's Claims Against Investor

    A Texas appellate court tossed counterclaims brought by the former CEO of defunct conservative fintech company GloriFi against an erstwhile investor, saying he failed to show the investor defamed him.

  • August 18, 2026

    Exchanges Ask SEC To Delay Trade-Through Rule Withdrawal

    Some of the largest stock exchanges are urging the SEC to hold off on eliminating a rule that prohibits exchanges from executing trades at lower prices than the best displayed price available on other exchanges, saying the agency should first consider how the rule's elimination could impact broader market structure.

Expert Analysis

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • How Reincorporating In Texas May Alter Earnout Disputes

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    While the DExit debate has focused on shareholder suits, far less attention has been paid to what reincorporating in Texas means for M&A disputes, making it particularly important to understand the nuances between Delaware and Texas earnout jurisprudence, say attorneys at Selendy Gay.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Texas Business Court Rulings Show Deal Terms Paramount

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    As the courts within the Texas Business Court system have begun reaching the substantive merits of the cases before them, they are persuasively demonstrating they will not only enforce the terms of transactions as written, but will also embrace a holistic approach to complex transaction documentation interpretation, says Christopher Pace at Winston Taylor.

  • Agentic AI And Securities Law: Who Is The Adviser?

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    Securities regulation has always been actor-based, but as agentic artificial intelligence becomes more common, it will push the law toward a partially system-based framework in which systems themselves, and the relationships between them and their deployers, are the focus of regulatory attention, says Joseph A. Hall at Davis Polk.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

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    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • Why Biotech Cos. Need Litigation Plans Before Bad News

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    Biotech companies should take proactive steps to respond to the growing trend of securities litigation filed against them, due to the inherently uncertain nature of their business models and heightened scrutiny of clinical trial disclosures, regulatory communications and investor-facing statements, says Wesley Horton at FBFK.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • A Potential Turning Point For Short-And-Distort Claims

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    A California federal jury's conviction of Andrew Left signals that the historically blurry line between securities fraud and legitimate criticism of companies is growing clearer, and that there is a viable recourse against so-called short-and-distort campaigns intended to create a false impression of the market, say attorneys at Baker McKenzie.

  • 5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

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    Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy court may grant in a domestic case and relief it may recognize under Chapter 15 of the Bankruptcy Code when a foreign court has entered the order, say attorneys at Pierson Ferdinand.

  • High Court's FCC Fine Ruling Reframes Agency Enforcement

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    The U.S. Supreme Court's recent decision in Federal Communications Commission v. AT&T sweeps aside uncertainty about what kinds of regulatory enforcement trigger a Seventh Amendment right, say attorneys at Squire Patton.

  • CFTC Policy Substantially Expands Self-Reporting Incentives

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    A recent U.S. Commodity Futures Trading Commission policy moves from a mitigation-centered model to prioritizing declination for early self-reporting and full cooperation, reflecting a deliberate effort to harmonize voluntary self-disclosure incentives across the federal enforcement authorities, say attorneys at Sullivan & Cromwell.

  • Opinion

    Exxon Shareholders Were Right To Save New Voting Program

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    Following Exxon shareholders’ recent vote that rejected a bid to dismantle the company’s new retail voting program, other companies should replicate it as a way to lower the friction for shareholders who already vote with the board to keep doing so without wrestling a ballot every spring, says J.W. Verret at the Antonin Scalia Law School.

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