Securities

  • November 17, 2025

    Fintech Ryvyl Gets First OK For Derivative Suit Deal

    Blockchain-based payment solutions company Ryvyl Inc. has reached a deal with its investors to settle their derivative claims that the company was damaged by an alleged concealment of accounting issues.

  • November 17, 2025

    TerraForm Stockholders Settle Suit Over Brookfield Merger

    Brookfield Asset Management Inc. and TerraForm Power Inc. stockholders reported a tentative, undisclosed deal on Monday to end their nearly four-year Delaware Chancery Court battle over Brookfield's alleged "exploitation" of TerraForm's minority stockholders in a deal dating to 2020.

  • November 17, 2025

    SEC To Review Compliance With New Data Breach Rule

    The U.S. Securities and Exchange Commission announced Monday it will begin examining broker-dealers and investment advisers for compliance with a new rule requiring them to report data breaches to their customers.

  • November 17, 2025

    Ill. OKs Next Step For LevelField's Crypto-Focused Bank Bid

    LevelField Financial Inc. announced Monday that an Illinois regulator has given it the green light for the next step of its planned acquisition of Burling Bank, furthering its plan to launch an insured bank that offers crypto services with the help of its acquisition counsel Hunton Andrews Kurth LLP.

  • November 17, 2025

    American Airlines Beats Investor Suit Over Sales Strategy

    American Airlines has won dismissal of an investor suit that alleged it implemented a botched sales and distribution strategy, with the court finding the suit's reliance on vague statements of optimism and faulty confidential witness claims aren't enough to show the company acted fraudulently.

  • November 17, 2025

    Origin Materials Investors Seek First OK For $9M Deal

    Investors in sustainable materials maker Origin Materials Inc. have asked a California federal judge to grant the first green light to a $9 million deal in a class action that claims the company and its co-CEO failed to disclose a change in direction in the company's manufacturing plans and a delay in building a new plant.

  • November 17, 2025

    Disney Brass Fumbled Streaming Strategy, Investor Suit Says

    Walt Disney Co. leaders, including longtime CEO Bob Iger, are facing a proposed shareholder derivative action alleging they mismanaged the launch of the Disney+ streaming service then concealed that an aggressive push for subscriber growth was made "at the expense of overall profitability."

  • November 17, 2025

    WilmerHale Taps SEC's Former Investment Management Exec

    WilmerHale has hired a 24-year veteran of the U.S. Securities and Exchange Commission, who most recently was director of the agency's Division of Investment Management, to lead the firm's investment management practice.

  • November 17, 2025

    MVP: Paul Weiss' Audra Soloway

    Audra Soloway, a co-chair of Paul Weiss Rifkind Wharton & Garrison LLP's securities litigation and enforcement group, secured several major class action dismissals for clients over the past year, including for Amazon and several of its executives in a suit over the pace of growth in the company's distribution network, earning her a spot as one of the 2025 Law360 Securities MVPs.

  • November 17, 2025

    Mobix Sues SPAC Backers Over Alleged $30M Funding Failure

    A California-based semiconductor-technology company has sued its former special purpose acquisition company sponsor, affiliated investment groups and their chief executive in the Delaware Chancery Court, accusing them of creating a scheme of false funding assurances that left the company undercapitalized when it entered the public markets in 2023.

  • November 17, 2025

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court and Delaware Supreme Court last week had a dense slate of fiduciary duty battles, merger-process challenges, post-bankruptcy fights and a series of cases probing the limits of fraud pleading, credible-basis inspections and board-level disclosure duties.

  • November 17, 2025

    SEC Gives Cos. Freer Rein To Block Shareholder Proposals

    The U.S. Securities and Exchange Commission announced Monday that it will not review most of the requests it gets from publicly traded companies hoping to exclude shareholder proposals from corporate ballots this proxy season, saying that it will not object to the exclusions due to time and resource constraints.

  • November 14, 2025

    Freeport-McMoRan Hid Mine Safety Risks, Investors Suit Says

    Mining company Freeport-McMoRan Inc. faces a proposed investor class action alleging the company concealed safety risks at its copper mine in Indonesia, hurting investors after its trading prices fell when a landslide at the mine killed two workers and left others missing.

  • November 14, 2025

    Investment Adviser Twins Convicted Of $10M Client Fraud

    A New York federal jury has convicted a pair of twins of fraud and conspiracy charges in what prosecutors said was a wide-ranging deception and forgery spree that took more than $10 million from roughly 100 investment advisory clients.

  • November 14, 2025

    Credit Suisse Bondholder Class Certified In Suit Over Collapse

    A New York federal judge has granted certification to a class of Credit Suisse bondholders and named Pomerantz LLP as class counsel in a securities fraud suit alleging the bank concealed the impact of quarterly losses and its inability to retain clients leading up to its takeover by UBS AG.

  • November 14, 2025

    Bogus Advisers Served 'Ramp-And-Dump' Ploy, Feds Say

    Federal prosecutors charged a Hong Kong resident on Thursday with registering bogus investment advisers to run a so-called ramp-and-dump scheme that duped investors in buying up U.S.-listed shares of Chinese companies ahead of a selloff that profited overseas brokerage accounts to the tune of hundreds of millions of dollars.

  • November 14, 2025

    Stanford Credit Union Says Pig Butchering Scam Suit Misfires

    Stanford Federal Credit Union has asked a federal judge to toss claims alleging it failed to reasonably investigate fraud allegations by a couple who claim they lost $600,000 in a so-called pig butchering investing scam, arguing the wire transfers are outside the Fair Credit Billing Act's scope.

  • November 14, 2025

    SEC Off-Channel Sweep Led To Recordkeeping Compliance

    Despite Chairman Paul Atkins' criticism of the U.S. Securities and Exchange Commission's previous off-channel communications settlements, that Biden-era enforcement sweep has boosted firms' recordkeeping compliance efforts, and a lack of big-dollar penalties on the horizon hasn't erased the pressure to comply, experts say.

  • November 14, 2025

    Texas Judge Rejects Bid To Block Kenvue's $398M Dividend

    Texas can't stop the makers of Tylenol from marketing the drug as safe for children and pregnant women or halt a nearly $400 million payment to shareholders, a state court ruled on Friday, rejecting arguments by Attorney General Ken Paxton's motion.

  • November 14, 2025

    Manufacturer Wins Bid To Confirm $11M Award Against Allianz

    An Allianz unit must pay a Singaporean manufacturing company nearly $11 million, a New York federal court has ruled, confirming an arbitration award over costs the company incurred defending and settling an underlying suit claiming that its former subsidiary misappropriated trade secrets from a competitor.

  • November 14, 2025

    FirstEnergy Investors Ask Again For 6th Circ. Clarification

    A week after the Sixth Circuit declined to reconsider a ruling blocking FirstEnergy investors from accessing documents prepared by BigLaw firms investigating the company's $1 billion bribery scandal, investors have once again asked the court to clarify its decision, arguing that it is "premised on a clear error of fact."

  • November 14, 2025

    Texas Justices Wall Off Shareholder Claims Against 3rd Party

    The Texas Supreme Court found that individual shareholders have no right to bring direct claims against an outside party that has an agreement with the shareholders' company, saying Friday that they instead must file suit on behalf of the company they hold ownership in.

  • November 14, 2025

    Crypto Firm Founder Gets 5 Years For $9.4M Fraud Scheme

    An Oklahoma federal court has ordered the co-founder of a cryptocurrency investment firm to serve five years in prison and pay more than $1.1 million for his role in a fraud conspiracy that involved making false promises of returns to thousands of investors via social media posts.

  • November 14, 2025

    Mawson Says Ex-CEO Misled Board To Land $2.6M Bonus

    Mawson Infrastructure Group has accused its former CEO in Delaware's Chancery Court of concealing the bitcoin mining company's deteriorating finances and the collapse of a key prospective contract so he could secure board approval for a bonus worth about $2.6 million.

  • November 14, 2025

    Bank Receiver's $28M Fraud Claims Survive Dismissal Bid

    A receiver for a Puerto Rican bank has standing to pursue fraud claims against its owners and directors over what it describes as a $28 million fraud that led to the bank's collapse, a Florida federal judge ruled Friday.

Expert Analysis

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • How Cos. Can Prep For Tightened Calif. Data Breach Notices

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    Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • How The SEC May Overhaul Its Order Protection Rule

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    Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • 2nd Circ. Peloton Ruling Emphasizes Disclosure Context

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    The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

  • How Calif. High Court Is Rethinking Forum Selection Clauses

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    Two recent cases before the California Supreme Court show that the state is shifting toward greater enforcement of freely negotiated forum selection clauses between sophisticated parties, so litigators need to revisit old assumptions about the breadth of California's public policy exception, says Josh Patashnik at Perkins Coie.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Post-Genius Landscape Reveals Technical Stablecoin Hurdles

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    The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • How 9th Circ. Ruling Deepens SEC Disgorgement Circuit Split

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    The Ninth Circuit's recent decision in U.S. Securities and Exchange Commission v. Sripetch creates opposing disgorgement rules in the two circuits where the SEC brings a large proportion of enforcement actions — the Second and Ninth — and increases the likelihood that the U.S. Supreme Court will step in, say attorneys at Cahill Gordon.

  • What May Be Ahead In Debanking Enforcement

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    President Donald Trump's executive order on politicized or unlawful debanking has spurred a flurry of activity by the federal banking regulators, so banks should expect debanking-related complaints submitted by consumers to increase, and for federal regulators to look for more enforcement opportunities, say attorneys at Bradley Arant.

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