Securities

  • September 30, 2026

    Biz Groups Urge 5th Circ. To Back Texas Derivative-Suits Limit

    The U.S. Chamber of Commerce and the Texas Association of Business on Wednesday urged the Fifth Circuit to uphold the dismissal of a Southwest Airlines shareholder's derivative suit, saying Texas law properly blocks such suits for those who hold less than 3% of shares.

  • September 30, 2026

    Fed Finalizes Update To Open Stress Test Models

    The Federal Reserve Wednesday finalized changes to how it stress tests banks, saying that new steps, such as inviting public comment on the scenarios used in the exams, would lead to greater transparency and public accountability.

  • September 30, 2026

    Amazon, Investor Clash Over Del. Forum Limits On Records

    Amazon.com Inc. and a stockholder seeking company records clashed before the Delaware Supreme Court on Wednesday over whether the investor should be restricted to using those documents in Delaware litigation, with the stockholder arguing the condition is too broad and Amazon saying it protects against duplicative lawsuits in multiple courts.

  • September 30, 2026

    CFTC Wins $31M Judgment In Crypto, Metals Fraud Scheme

    The Commodity Futures Trading Commission has won a $31 million judgment against four defendants accused of operating a $21 million crypto trading scheme, the CFTC announced Wednesday.

  • September 30, 2026

    Relator Must Seek Part Of $4.7B Opioid Deal In State Courts

    A whistleblower must turn to state courts to pursue his bid for a portion of a $4.7 billion settlement between Walgreens Boots Alliance Inc. and a group of states resolving opioid-related claims against the retail pharmacy chain, an Illinois federal judge ruled.

  • September 30, 2026

    Norfolk Southern Investors Certified In Derailment Suit

    Norfolk Southern investors can proceed as a class in a suit accusing the company of making misleading statements regarding its safety operations before a fiery train derailment in Ohio in 2023, though a Georgia federal judge did adopt the company's suggestion to narrow the class period.

  • September 30, 2026

    SEC Proposes Expanding Private Market Access

    The U.S. Securities and Exchange Commission on Wednesday issued proposals targeting funds and fund advisers while promising to grant more Americans access to the private markets, as part of Chairman Paul Atkins' efforts toward what he called "responsible retailization."

  • September 30, 2026

    Dutch Government Proposes Capital Gains Tax From 2028

    The Dutch government wants to introduce a capital gains tax system beginning in 2028, phasing out its fixed return method, according to a letter to lawmakers.

  • September 30, 2026

    Goldman, JPMorgan Beat CDS Rigging Suit For Now

    A New Mexico federal court has tossed older claims from a proposed class action accusing JPMorgan, Goldman Sachs and other large banks of conspiring to rig credit default swap auctions, after a New York court ruled on a claims release issue involving a settlement in a related decade-old antitrust case.

  • September 30, 2026

    Cognizant Inks $2.8M Deal To End 401(k) Fees Suit

    Information technology company Cognizant Technology Solutions U.S. Corp. will pay $2.8 million to resolve former employees' claims that it saddled its 401(k) plan with poor investment options and high fees, according to a filing in New Jersey federal court.

  • September 29, 2026

    Software Co. UiPath Beats Investor Suit Over Sales For Good

    A New York federal judge dismissed a proposed shareholder class action accusing automation software firm UiPath Inc. of falsely promoting the success of a new development strategy, saying the latest version of the suit failed to address previous deficiencies and does not show the defendants intentionally inflated shares.

  • September 29, 2026

    Anadarko Investors Ink $114M Deal Over Axed Oilfield Project

    A class of Anadarko Petroleum Corp. investors asked a Texas federal judge to greenlight a $114.5 million settlement resolving their long-running claims that the company misrepresented the viability of the Shenandoah deepwater oil field in the Gulf of Mexico before abandoning the project and tanking the company's stock.

  • September 29, 2026

    SEC Allows Retail Voting Programs Modeled On Tesla Plan

    The U.S. Securities and Exchange Commission Tuesday gave the green light to companies that want to enable automated proxy voting for retail investors, so long as the voting programs are modeled in line with a program put forward by Tesla Inc.

  • September 29, 2026

    Fortrea Beats Investor Suit Over Labcorp Spinoff Woes

    Clinical research company Fortrea Holdings Inc. has escaped a proposed shareholder class action accusing it of overstating the strength of its business model after being spun off from Labcorp Holdings Inc., with a New York federal judge ruling the allegedly deceptive statements made by the defendants do not sufficiently plead securities fraud.

  • September 29, 2026

    EB-5 Visa Fees More Than Double For Individual Investors

    U.S. Citizenship and Immigration Services announced increased filing fees Tuesday for the EB-5 Immigrant Investor Program — more than double for individual investors — saying the higher price tag is needed to close a $48.4 million annual funding gap.

  • September 29, 2026

    CFTC Sends Event-Contracts Swaps Proposal To White House

    The U.S. Commodity Futures Trading Commission has submitted two rule proposals to the White House that appear to explicitly establish event contracts as swaps while excluding "casino-style gambling products," updates that could affirm the agency's view that prediction markets are under its "exclusive jurisdiction" and beyond the reach of states.

  • September 29, 2026

    SEC Says Investors Lost $15M In Crypto, AI Scams

    The U.S. Securities and Exchange Commission filed a pair of lawsuits Tuesday against companies likely controlled by individuals abroad who it says scammed customers out of $15 million involving cryptocurrency trading and fake artificial intelligence-backed bots.

  • September 29, 2026

    Key Bank Policymaking Official To Depart Treasury

    Luke Pettit, a top U.S. Department of the Treasury official who has helped shepherd the Trump administration's financial services policy agenda will step down next month, becoming the latest federal regulatory official to decamp in advance of the midterm elections.  

  • September 29, 2026

    Fla. Bank Can't Toss Suit Over Alleged Board Entrenchment

    A Florida federal judge Tuesday declined to dismiss a bank shareholder lawsuit alleging board members attempted to entrench themselves following a cannabis-related enforcement action, saying there's sufficient evidence alleging directors acted selfishly to prevent their removal. 

  • September 29, 2026

    Brightline Can Tap $190M In Ch. 11 Financing, Judge Says

    Entities that own high-speed rail network Brightline Florida received a New Jersey bankruptcy judge's permission Tuesday to obtain interim access to $190 million of Chapter 11 financing in an unconventional loan package involving a nondebtor that runs the railroad.

  • September 29, 2026

    Bath & Body Works Moves To Nix 'Fraud By Hindsight' Suit

    Bath & Body Works Inc. is looking to escape litigation accusing it of deceiving investors about a failed business expansion strategy, with the company arguing that disappointing business results do not amount to fraud.

  • September 29, 2026

    Del. Chancery Freezes 32.1M Talkdesk Shares In Viking Fight

    The Delaware Chancery Court on Tuesday temporarily barred Talkdesk Inc. from disposing of roughly 32.1 million shares it received through a disputed foreclosure involving founder and CEO Tiago Paiva, while ordering expedited proceedings on a claim from investors of Viking Global that the deal violated their contractual consent rights.

  • September 29, 2026

    Akin Adds House Financial Services Staffer To Lobbying Team

    Akin Gump Strauss Hauer & Feld LLP said Tuesday a former senior staff member on the U.S. House Committee on Financial Services has joined its lobbying and public policy practice in Washington, D.C.

  • September 29, 2026

    Oura Cites Market 'Uncertainty' In Delaying Estimated $2B IPO

    Fitness-tracking ring maker Oura on Tuesday revealed that it is delaying its planned initial public offering, citing "uncertainty in the IPO market," just a week after the company told U.S. regulators that it hoped to raise $2.1 billion in the public debut.

  • September 29, 2026

    Agtech Biz Founder Loses Chancery Judge Recusal Bid

    A Delaware Chancery Court magistrate has denied a motion from HerdDogg Inc.'s founder to recuse himself from presiding over litigation she brought seeking to place the agricultural technology company into receivership, saying "unequivocally" that the founder had not shown disqualification would be appropriate.

Expert Analysis

  • The State Of Prediction Market Litigation After 9th Circ. Ruling

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    The Ninth Circuit's recent decision in Kalshi v. Assad gives state regulators significant appellate backing to enforce state gaming laws over prediction markets, creating a direct split with the Third Circuit that will likely lead to Supreme Court review of the question, say attorneys at Arnold & Porter.

  • Series

    Ballet Makes Me A Better Lawyer

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    A lifetime of learning and performing ballet taught me that success — whether in dance or practicing law — comes only through hours of thorough preparation, boundless energy and relentless effort, says Sharon Katz-Pearlman at Greenberg Traurig.

  • Del. Dispatch: More Earnout Guidance From Chancery

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    The Delaware Court of Chancery's recent decision in Georgia Security Solutions v. NewCBN reaffirms that a procedure resembling a traditional accountant true-up will generally be interpreted as calling for an expert determination, not an arbitration, and highlights the need for clarity in drafting earnout provisions, say attorneys at Fried Frank.

  • 3 Lessons From Crypto For Attys Entering The AI Space

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    Lawyers transitioning into roles at artificial intelligence companies can take several lessons from the evolution of the cryptocurrency space on how to manage regulatory ambiguity, weigh open-versus-closed technology models and build compliance safeguards as AI rules take shape, says Rebecca Rettig at Jito Labs.

  • SEC's Long-Awaited Crypto Rule Is 1st Piece Of Larger Puzzle

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    The U.S. Securities and Exchange Commission's recently proposed crypto rule provides issuers with a workable exempt offering framework but leaves holder-side questions for forthcoming rules, meaning compliance officers and counsel will have to work from an incomplete picture for now, says Josh Burton at Silver Regulatory Associates.

  • How Economic Analysis Informs Consumer Lending Disputes

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    A new wave of consumer lending class actions makes clear that economic analysis of control, pricing, repayment risk and borrower behavior will be central to litigation involving fintech platforms, earned wage access products and online lending models as regulatory enforcement recedes, say economists at The Brattle Group.

  • Q3 Numbers Refine Picture Of SEC Enforcement Trajectory

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    A snapshot of the U.S. Securities and Exchange Commission’s third-quarter enforcement actions suggest the program may be smaller than in prior years, but that it is increasingly concentrated around market abuse and individual misconduct, especially related to insider trading, say Adrienna Huffman, Jan Jindra and Erik Johannesson at The Brattle Group.

  • Calif. Ruling Opens Del. Cos. Up To Stockholder Inspection

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    A California appellate court's recent decision in Salamon v. Orchid Global underscores that despite last year's amendments to the Delaware General Corporation Law, Delaware companies with principal operations in California remain subject to California's broader and more stockholder-protective inspection regime, say attorneys at Sheppard.

  • Series

    Taekwondo Makes Me A Better Lawyer

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    Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and that the best outcomes are often achieved by solving problems — all of which has improved my work as a bankruptcy lawyer, mediator and Subchapter V trustee, says Amy Denton Mayer at Berger Singerman.

  • NC Crypto Kiosk Law Opens Door To Stricter Fraud Regs

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    North Carolina's new cryptocurrency kiosk law will force operators to build fraud-screening, disclosure and compliance systems before the end of the year, while also providing an opening for more stringent city and county limits on kiosk placement and operations, say attorneys at Moore & Van Allen.

  • Del. Ruling Clarifies Public Benefit Corp. Fiduciary Duties

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    In Drakes Landing v. Tilden Park, the Delaware Court of Chancery recently provided landmark guidance for directors of Delaware public benefit corporations on the fiduciary duties they owe, highlighting that change-of-control transactions may now be protected from challenge under the state's 2025 safe harbor amendments, say attorneys at Richards Layton.

  • Student Loan Suit Draws Line On Testimony In Trust Litigation

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    A recent interlocutory opinion from the Southern District of New York shows securitization experts can explain servicing practices but cannot substitute for authenticated loan-level ownership proof or intent evidence, signaling that parties in student loan trust cases should sharpen recordkeeping and tracing strategies, says attorney Stanley Tate.

  • Del. Boeing Ruling Shows How Compliance Defeats Caremark

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    The Delaware Chancery Court's recent dismissal of shareholder litigation against Boeing's board in the wake of the Alaska Airlines door-plug blowout incident carries significant lessons for shareholders pursuing Caremark claims, and for corporate counsel advising boards on oversight obligations, says Brian Rostocki at Reed Smith.

  • 4th Circ. Class Cert. Ruling Offers Tips For Damages Experts

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    The Fourth Circuit's recent decision reversing class certification in litigation against Boeing raises the cost of a bare-bones damages model proposal for plaintiffs, but it also clarifies what a defensible proposal should contain, say Alok Khare and Erica Rose at FTI Consulting.

  • Opinion

    A Guiding Principle For The SEC On Exempt Capital Markets

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    The U.S. Securities and Exchange Commission's recently proposed Regulation Crypto Assets borrows selectively from other capital-raising exemptions while giving crypto issuers materially different terms, and those unexplained differences reveal the need for a regulatory approach of presumptive parity, says Brian Christie at the Crowdfunding Professional Association.

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