Securities

  • September 04, 2026

    Robinhood To Halt Sports Trades In Mich. Amid Appeals

    Robinhood Derivatives LLC has agreed to stop offering new sports-related event contracts in Michigan, and the state has agreed not to pursue an enforcement action against the exchange until the Sixth Circuit rules on any of the pending appeals regarding the legality of sports event contract offerings.

  • September 04, 2026

    Rent The Runway Inks $9M Deal To End Investor IPO Suit

    Rent the Runway Inc. and several of its directors, including actress Gwyneth Paltrow, and underwriters have reached a $9 million deal with shareholders who accused them of concealing major challenges the designer rental company was facing prior to its 2021 initial public offering.

  • September 04, 2026

    Quinn Emanuel DQ'd In Defamation Case Over Stock Reports

    A Texas federal court on Friday booted Quinn Emanuel Urquhart & Sullivan LLP from representing a Hong Kong manufacturing company in its defamation lawsuit against investment research service Muddy Waters LLC after finding that the law firm had received relevant confidential information when it represented Muddy Waters in a related government probe.

  • September 03, 2026

    Jump Trading Must Face Terraform Stablecoin Fraud Claims

    Crypto trading firm Jump Trading LLC and its subsidiaries must face the bulk of a proposed securities class action from investors who claim it misled them and manipulated the market for Terraform Labs' stablecoins in the lead up to the stunning collapse of the Terraform ecosystem.

  • September 03, 2026

    Fox's Supposed $500M Offer For Parler Was Fake, Jury Told

    Billionaire Rebekah Mercer testified Thursday that Parler's later-ousted CEO made her think falsely that Fox was offering $500 million for the social app, one example of the supposed misconduct she has said was the reason he was forced out.

  • September 03, 2026

    GAO Flags Bank Disclosure Review Gaps After 2023 Failures

    The U.S. Government Accountability Office urged Congress Thursday to consider closing a gap that allows certain publicly traded banks to not make the same type of investor disclosures as banks whose investor filings are reviewed by the U.S. Securities and Exchange Commission, pointing to the bank failures of 2023 as a reason why.

  • September 03, 2026

    SEC Moves To Scrap 'Pay-To-Play' Political Donation Rule

    The U.S. Securities and Exchange Commission on Thursday issued a proposal to rescind a rule regarding political contributions made by investment advisers, which agency Chair Paul Atkins called "overly prescriptive."

  • September 03, 2026

    Papa John's Hit With Investor Suit Over Slow Transformation

    Papa John's has been hit with an investor's proposed class action accusing it of damaging shareholders with overhyped plans to transform the pizza company and regain market share, saying financial results issued last month revealed the transformation is taking longer than expected.

  • September 03, 2026

    Pool Co. Investor Says Brass Hid $150M Inventory Glut

    Pool equipment maker Hayward Holdings Inc. and current and former directors breached their fiduciary duties by concealing an inventory glut and weakening demand while continuing to portray the business as strong, according to a stockholder's complaint in Delaware Chancery Court.

  • September 03, 2026

    Ex-EdgarAgents Worker To Pay $1.86M In Insider Trading Case

    A former staffer for a firm that helps companies with U.S. Securities and Exchange Commission filings will pay approximately $1.86 million to settle allegations that he used material nonpublic information pilfered from his employer to fuel an insider trading conspiracy with a colleague, according to a motion Thursday in New York federal court.

  • September 03, 2026

    Invesco Funds Settle In Serta Uptier Ch. 11 Appeal

    Invesco-managed funds reached a confidential settlement, ending appeals of a Texas bankruptcy judge's decision that Serta Simmons lenders excluded from a debt restructuring deal are owed $400 million.

  • September 03, 2026

    Boeing Investors Say 4th Circ. Ruling Imperils Class Actions

    Boeing investors have asked the full Fourth Circuit to rehear a panel's "extreme" decision overturning class certification in a suit against the aerospace company over its alleged concealment of safety issues with its 737 Max fleet, arguing that the panel decision will create a "vague and unworkable standard" in the circuit if left intact.

  • September 03, 2026

    Paramount-Warner Bros. Investor Loses Bid To Expedite Suit

    The Delaware Chancery Court on Thursday denied a Paramount Skydance Corp. stockholder's bid to fast-track derivative litigation seeking to halt the company's planned $110 billion acquisition of Warner Bros. Discovery, finding that the investor had not shown a sufficient basis for rushing the case toward trial.

  • September 03, 2026

    CFTC Says CME Perps Fight Is 'Much Ado About Nothing'

    The U.S. Commodity Futures Trading Commission told a D.C. federal judge that the Chicago Mercantile Exchange's suit over the agency's approval of Kalshi's bitcoin perpetual futures contract is "much ado about nothing" since the derivatives exchange is free to list its own version of the product.

  • September 03, 2026

    DC Circ. Won't Reconsider Argentina's $391M Arbitral Fight

    The D.C. Circuit on Thursday refused to reconsider its decision affirming the enforcement of a $391 million arbitral award issued against Argentina in a 17-year-old dispute over the renationalization of its state-owned airline and denied the country's petition for a rehearing. 

  • September 03, 2026

    Curaleaf, Aurora Clash Over Merits Of $272M Hostile Bid

    A spat between Curaleaf Holdings Inc. and Aurora Cannabis Inc. is playing out publicly after Aurora's board advised shareholders to reject a $272 million unsolicited takeover bid from the rival marijuana company. 

  • September 03, 2026

    Ex-IRL App CEO Says Prosecutors Ignored Ethics Breaches

    The co-founder of defunct social app IRL is fighting fraud charges by claiming that the U.S. attorney's office prosecuting him is conflicted because an attorney who formerly defended IRL in an SEC investigation and is now with the office pushed for him to be charged — and he is disputing prosecutors' denial of impropriety. 

  • September 02, 2026

    Walmart Says IP Suit Docs Can't Be Used In Malpractice Case

    Walmart has asked an Arkansas federal court to order food tech startup Zest Labs to comply with a protective order from the parties' settled trade secret dispute and block it from disclosing Walmart's confidential information in Zest's malpractice suit against its former attorneys.

  • September 02, 2026

    Trading Firm To Seek Justices' Input On Arbitration Questions

    The Seventh Circuit said Wednesday that it will wait to make its arbitration rejection official so a Chicago trading firm can ask the U.S. Supreme Court to determine whether it was correctly ordered to litigate proposed class securities manipulation accusations.

  • September 02, 2026

    Avaya Execs Beat Investor Suit Over Failed Tech Transition

    A New York federal court has dismissed a shareholder lawsuit against two former Avaya Holdings Corp. executives, who were accused of misleading investors about the success of the North Carolina-based company's transition from a telecom to a technology firm prior to its bankruptcy filing, finding all challenged statements were forward-looking or inactionable.

  • September 02, 2026

    B. Riley Investors, Alleging Fraud, Seek Class Certification

    A group of investors has moved for class certification in their suit accusing B. Riley Financial Inc. of failing to disclose risks related to its dealings with Brian Kahn, an investment manager who recently pled guilty to securities fraud over his role in the collapse of a $400 million hedge fund.

  • September 02, 2026

    Hims & Hers Investor Sues Over FTC Privacy, Billing Claims

    Telehealth company Hims & Hers Health Inc. was hit with a proposed securities class action accusing it of inflating its share prices by failing to disclose certain practices that led to a suit by the Federal Trade Commission accusing it of sharing customers' sensitive health information with big tech companies and using deceptive billing methods.

  • September 02, 2026

    Cruise Says GM Investors Can't Pursue Robotaxi Fraud Suit

    Cruise LLC told a Michigan federal judge Tuesday that lead plaintiffs lack standing to pursue their securities fraud class action alleging General Motors Co.'s self-driving car unit misrepresented the technological capabilities and commercial readiness of its robotaxis, and that their class certification bid should be rejected.

  • September 02, 2026

    Luna Investor Seeks Merger Records Over White Hat Ties

    A Luna Innovations Inc. stockholder has sued the fiber-optic technology company in the Delaware Chancery Court seeking internal records about its planned sale to an affiliate of private equity firm TJC LP, saying the documents are needed to investigate possible conflicts and whether common shareholders are being shortchanged.

  • September 02, 2026

    9th Circ. Denies Funko's Bid To Revisit Investor Dispute

    The Ninth Circuit said Wednesday it would not reconsider its decision to revive a proposed class action accusing Funko Inc. of failing to warn investors about tens of millions of dollars' worth of excess toys the company eventually wrote off.

Expert Analysis

  • Parsing Who Gets The Track Record In A Venture Partner Split

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    A recent California federal court order in TEEC Angel Management v. Tsingyuan Ventures allowing Lanham Act claims to proceed confirms that the question of who gets to tell the story of a shared win is now being litigated as false advertising instead of industry professional etiquette, says Ben Dubin at VC Expert Services.

  • $400M Serta Ruling Offers Warning On Uptier Deal Risks

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    A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and awarded $400 million to the minority lenders, demonstrates why deal counsel negotiating similar agreements should clearly define exceptions and lien subordination, while litigators should lean on express terms, says Jamie Aycock at Yetter Coleman.

  • How 2nd Circ. Raised The Bar For Pleading Securities Fraud

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    In Huey v. Anavex, the Second Circuit recently appeared to increase the burden on securities fraud plaintiffs in pleading loss causation where no immediate share price decline follows the corrective disclosure, generating new questions that district courts must grapple with, say attorneys at Skadden.

  • High Court Rulings Could Alter Agency Strategy For Cos.

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    The U.S. Supreme Court's recent decisions in Trump v. Slaughter and Trump v. Cook mark major turning points in the law of independent agencies and in how regulated companies should think about federal enforcement, rulemaking and agency-facing strategy, say attorneys at Holtzman Vogel.

  • How CME Suit May Reshape CFTC's Crypto Derivatives Rules

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    CME Group's recent lawsuit over the U.S. Commodity Futures Trading Commission's approval of a Kalshi application to offer a bitcoin perpetual contract as a futures product could have cascading consequences for crypto derivatives regulation, highlighting why policy ambitions do not override statutory text or substitute for reasoned decision-making, says attorney Tamara de Silva.

  • JPMorgan Ruling Shows Courts' Limited Role In Fee Fights

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    The Delaware Chancery Court's recent decision that JPMorgan Chase must cover more than $21 million in disputed legal fees for two former executives of the startup Frank illustrates the reality that companies, not the courts, are responsible for ongoing supervision of legal spending, says Theodore Edelman at GCE Advisors.

  • Preparing For Next Congress With Eye On Investigation Risk

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    Rod Rosenstein, Brian Whisler and Bruce Linskens at Baker McKenzie offer advice for organizations seeking to build a proactive response plan to potential congressional oversight as the election looms.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • Tips For Investors, Creditors Before Venezuela Restructuring

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    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

  • Fed Autonomy Rests On Narrow Exception After Justices Rule

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    The U.S. Supreme Court’s recent decisions in Trump v. Cook and Trump v. Slaughter expand presidential removal power while temporarily preserving the Federal Reserve’s independence, but there is uncertainty about which of the Fed’s authorities fall within the court’s narrow monetary-policy exception, says Keith Bradley at Squire Patton.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

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    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

  • Opinion

    Shareholder Derivative Litigation Needs A Better Framework

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    Uncoordinated, multiforum shareholder derivative litigation is a growing issue for corporate defendants that have little to no recourse for organizing and consolidating actions, but several commonsense steps should be utilized to preempt such disputes, say attorneys at Sullivan & Cromwell.

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