Securities

  • August 25, 2026

    Commodities Firm Escapes Brazilian Bribery Case

    A Connecticut federal judge has put an end to a criminal case alleging Freepoint Commodities LLC bribed Brazilian government officials to get an edge over its competitors, dismissing a single felony count shortly after prosecutors said the firm had satisfied its obligations under a deferred prosecution agreement.

  • August 25, 2026

    Ex-DOJ Fraud Attys Switch To Civil Focus At Boutique Firm

    Criminal fraud prosecutors commonly pursue careers as white collar defense lawyers after exiting the U.S. Department of Justice, but a group of ex-DOJ lawyers who have recently joined national litigation boutique AXS Law Group are embarking on a path less traveled.

  • August 25, 2026

    Winston Taylor Hires Ex-Willkie Securities Expert In Chicago

    Winston Taylor LLP has brought on board a former Willkie Farr & Gallagher LLP counsel who, before his most recent role, spent more than eight years as an assistant U.S. attorney in the Northern District of Illinois working on securities and commodities fraud issues, the firm announced on Tuesday.

  • August 24, 2026

    SEC Crypto Offering Plan Leaves States, Platforms Guessing

    The U.S. Securities and Exchange Commission's long-awaited plan to boost cryptocurrency offerings would clear the way for crypto projects to raise capital from retail traders, but the proposal already faces major questions from how it permits secondary trading to the limits it puts on states.

  • August 24, 2026

    Biopharma Co. Brass Sued Over 'Channel Stuffing' Disclosures

    The top brass of pharmaceutical company ADMA Biologics Inc., among other things, failed to disclose certain related-party transactions the company engaged in and a channel-stuffing scheme to create the appearance of revenue, according to a shareholder derivative suit filed Monday.

  • August 24, 2026

    Drone Co. Investor Says Early Lock-Up Waiver Tanked Stock

    Drone-maker Aevex Corp. has been accused in a shareholder's proposed class action of abruptly ending share restrictions after its April initial public offering, allowing a major stakeholder to profit while the company lost $900 million in market share due to a resulting decline in share price.

  • August 24, 2026

    SEC Sues Adviser, Firm Over Unpaid Settlement Amount

    The U.S. Securities and Exchange Commission is asking a Nebraska federal court in a lawsuit launched Monday to direct an investment adviser and his company to disgorge over $286,000 they still owe from a 2024 settlement accusing them of disproportionately directing advantageous trades to themselves.

  • August 24, 2026

    Facebook Investors Move For Class Cert. After High Court Test

    Robbins Geller Rudman & Dowd LLP and Bernstein Litowitz Berger & Grossmann LLP are pushing to lead a class of Facebook Inc. investors who claim to have lost billions of dollars in the wake of the Cambridge Analytica scandal, saying they are well-positioned to spearhead the case after defeating a U.S. Supreme Court challenge.

  • August 24, 2026

    SEC To End Insider Trading Case Against Pardoned Ex-Rep.

    The U.S. Securities and Exchange Commission informed a New York federal court on Monday that it is walking away from a case accusing former Indiana Rep. Stephen Buyer of insider trading two months after he was pardoned by President Donald Trump.

  • August 24, 2026

    Sports Media Co. CEO Will Pay $250K To End SEC Fraud Suit

    Icaro Media Group's CEO has agreed to pay $250,000 to the U.S. Securities and Exchange Commission to resolve claims that he used the company to fraudulently raise $22 million from investors through a false narrative about the planned launch of a sports media smartphone application.

  • August 24, 2026

    GoDaddy's Hidden Discount Strategy Hurt Investors, Suit Says

    GoDaddy and its top executives have been hit with a proposed shareholder class action alleging they failed to tell investors that the company introduced a discounted promotional price for its one-year dotcom domain contracts to attract new customers, and that the program was slowing total bookings and revenue growth.

  • August 24, 2026

    Kalshi Fights To Keep NY Betting Case In Federal Court

    Prediction market giant Kalshi is fighting to keep New York's suit targeting its sports event contracts in federal court, punching back at the state's contention that those offerings should be subjected to state-level gambling regulations.

  • August 24, 2026

    Battery-Maker Investor Sues Brass Over $200M DOE Grant

    A Microvast Holdings Inc. stockholder has sued the battery-maker's current and former directors and executives in the Delaware Chancery Court, alleging they breached their fiduciary duties by misleading investors about a $200 million federal grant and the progress of a Tennessee manufacturing plant.

  • August 24, 2026

    A&O Shearman Adds M&A Pro As Partner In Texas From MoFo

    Allen Overy Shearman Sterling announced Monday that it has strengthened its transactional capabilities with an Austin-based partner who came aboard from Morrison Foerster LLP.

  • August 24, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week saw a wave of lawsuits involving corporate oversight, take-private deals, financing transactions, bankruptcy fallout, stockholder voting rights and disputes over control.

  • August 24, 2026

    Feds Seek Early End To Commodities Firm Bribery Case DPA

    Federal prosecutors have moved to release a Connecticut-based commodities firm from a deferred prosecution agreement nearly four months early, telling a judge Monday that Freepoint Commodities LLC has satisfied its obligations and paid more than $106 million to resolve allegations that it bribed Brazilian government officials.

  • August 24, 2026

    Founder Of Crypto Startup Block Bits Convicted Of Fraud

    A California federal jury on Monday held that cryptocurrency startup founder Japheth Dillman deceived Block Bits investors by falsely claiming the company's auto-trading platform was up and running, following a trial in which his co-founder testified against him under a plea agreement.

  • August 21, 2026

    Banking Industry Pushes For Lighter Load On 'Camels'

    The banking industry is pressing federal regulators to beef up their plan to rein in confidential supervisory ratings that are used to score the health of banks, urging them to set sharper limits around downgrade decisions and potentially ditch management-specific ratings entirely.

  • August 21, 2026

    6th Circ. Revives Freddie Mac Subprime Suit From '08 Crash

    The Sixth Circuit Friday revived a long-running securities suit brought by the Ohio Public Employees Retirement System against Freddie Mac and several of its former executives, holding that a district court erred in granting a summary judgment win for the government-backed enterprise and also denying class certification.

  • August 21, 2026

    Crypto Co. Founder's Atty Tells Jury Biz Partner Lied, Not Him

    A cryptocurrency firm's founder deceived investors by claiming his company's auto-trading platform was up and running, a federal prosecutor told a California federal jury during closing arguments Friday, while the defendant's lawyer said his client was not trying to cheat anyone and called the government's cooperating witness "a stone cold liar."

  • August 21, 2026

    Wash. AG Pauses OG Case As 9th Circ. Weighs Preemption

    Washington's attorney general and its gambling commissioners have agreed to hold off on enforcing the state's gambling laws against prediction market platform OG, run by the North American Derivatives Exchange, while the Ninth Circuit decides related appeals that could resolve the underlying legal dispute.

  • August 21, 2026

    SEC Sues To Enforce Subpoena On Texas Oil Co.

    The U.S. Securities and Exchange Commission asked a federal judge Thursday to order a Texas oil company and its affiliates to comply with subpoenas in an investigation over possible securities violations through offers and sales of fractional undivided working interests in oil leases, where the company raised about $42.7 million.

  • August 21, 2026

    Kalshi Wants Wash. Ban Axed After State 'Blessed' Competitor

    Kalshi has urged a Washington state court to reconsider a recent order blocking the company from offering event contracts to the state's residents in most of its prediction market categories, raising equitable findings concerns and pointing to Washington's recent "blessing" of event contracts offered by one of Kalshi's competitors.

  • August 21, 2026

    BSTR Ends $1.5B SPAC Deal Amid Bitcoin Market Woes

    Bitcoin treasury company BSTR Holdings has terminated a merger with special purpose acquisition company Cantor Equity Partners I Inc. that would have provided BSTR with up to $1.5 billion in financing in a go-public deal.

  • August 21, 2026

    Convicted Trader Can't Toss CFTC Suit Over $100M Loss

    A former natural gas commodities trading executive, who is currently serving a three-year prison sentence for defrauding his former employer, must face claims from the Commodity Futures Trading Commission that he hid millions of dollars in trading losses by falsifying entries in the company's accounting system, a New York federal judge has ruled.

Expert Analysis

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

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    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

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    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

  • Tariff Refunds May Reshape Loan Covenant Calculations

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    Tariff refunds issued after the U.S. Supreme Court's Learning Resources decision may complicate borrowers' covenant calculations depending on accounting treatment, the timing of recognition, customer reimbursement obligations and credit agreement language, say attorneys at Mayer Brown.

  • Agentic AI And Securities Law: Evolving Risk Disclosures

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    The U.S. disclosure regime is built on the premise that management can describe the material facts and risks facing its business, but, with the advent of agentic artificial intelligence, the question is whether the regime can accommodate decision-making systems whose behavior is not fully predictable, says Joseph A. Hall at Davis Polk.

  • More Cos. Will Copy SpaceX's Shareholder Proposal Opt-Out

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    For more than 80 years, the shareholder proposal looked like a federal right guaranteed to all public company investors, but after SpaceX opted out before its recent initial public offering, other companies are likely to follow, says Mohsen Manesh at the University of Oregon School of Law.

  • Prediction Market Case Will Test US Insider Trading Reach

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    The insider trading case recently brought against Google employee Michele Spagnuolo may help clarify the extraterritorial reach of the Commodity Exchange Act and U.S. agencies' ability to police foreign trading in prediction markets, say attorneys at Akin.

  • The Hidden Settlement Problem In Complex Securities Cases

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    The Second Circuit's recent decision in Knapp v. Barclays is a reminder that in securities cases with complex corporate records, the tracing picture is rarely as settled as the complaint suggests, and that conversations in the early stages require everyone to work from the same underlying facts, says Peter Kamminga at JAMS.

  • Series

    Power To The Paralegals: Burnout As A Structural Problem

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    Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.

  • 2 Prediction Market Cases Will Test Insider Trading Theory

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    Prosecutors in two recent Southern District of New York cases have filed separate charges against two defendants who used confidential information gathered from each employer to place prediction market bets, but each prosecution must overcome different legal hurdles established by the U.S. Supreme Court and the Second Circuit, says John Siffert at Lankler Siffert.

  • Takeaways From 1st Del. Ruling Applying Moelis Amendments

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    Delaware corporations should carefully review contractual arrangements and governance documents following the Court of Chancery's recent enforcement of a non-Delaware forum selection clause in a CEO's employment agreement under 2024 amendments to the state's General Corporation Law, say attorneys at Morgan Lewis.

  • Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

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    An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

  • 3rd Circ. Decision Sheds Light On BIPA Bank Exemption

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    The Third Circuit's recent decision in McGoveran v. Amazon illuminates how courts are extending the Illinois Biometric Information Privacy Act's financial institution carveout beyond banks and insurers to technology vendors and other businesses handling biometric data, a defendant-friendly shift that still casts uncertainty around BIPA's enforcement, say attorneys at Dorsey & Whitney.

  • Assessing Issues The CFTC's Sports Betting Rules May Face

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    The U.S. Commodity Futures Trading Commission recently proposed a rule to consolidate its control of sports bets made on prediction market trading platforms, but problems may arise from possible conflicts between the proposed changes and state laws — and maybe even the Commodity Exchange Act itself, says David Slovick at Kopecky Schumacher.

  • Opinion

    State Courts Must Be Gatekeepers Of Expert Testimony

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    Based on my experience in the state judiciary, emulating federal courts' role as gatekeepers of expert witness testimony would help state court judges maintain the appearance of impartiality and assist juries, thus enhancing the overall confidence people have in their justice system, says Lorie Gildea at Greenberg Traurig.

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