Securities

  • August 17, 2026

    Apple Hit With Derivative Suit Over AI Copyright Infringement

    Apple executives and directors are facing a stockholder derivative action claiming they've been knowingly using copyrighted materials to develop Apple's artificial intelligence services — an unlawful business strategy they knew could lead to litigation from copyright holders, the plaintiff told a California federal court.

  • August 17, 2026

    HP Shareholders Seek Final OK For Derivative Suit Deal

    Stockholders who accused HP's top brass of misleading investors about sales and profits within the company's supplies division have asked a California federal judge to grant final approval to a deal that will require HP to adopt and maintain certain corporate governance reforms for at least four years.

  • August 17, 2026

    Virgin Galactic's $2.8M Shareholder Deal Gets Final OK

    Virgin Galactic investors received final approval of their settlement that will end derivative claims arguing the company was damaged by founder Richard Branson and others' attempts to cover up rocket ships' design flaws, and includes a nearly $2.8 million payout to the company and appointment of a chief compliance officer.

  • August 17, 2026

    2 Firms To Lead Skechers Investor Suit Over $9.4B 3G Deal

    Saxena White PA and Labaton Keller Sucharow LLP's client will lead a suit in Delaware Chancery Court alleging Skechers' founder and family used their majority voting power to push through the company's $9.4 billion take-private sale to private equity giant 3G Capital.

  • August 17, 2026

    Kalshi Loses Bid To Block Conn. Enforcement

    A Connecticut federal judge has denied a bid from KalshiEX to keep offering sports contracts while it pursues an appeal before the Second Circuit, finding the prediction market's arguments for a stay had already been rejected by the court and that it has not shown it is likely to win on appeal.

  • August 17, 2026

    CFTC To Seek Feedback On AI Chip Futures

    The Commodity Futures Trading Commission is weighing the future of derivatives contracts that could offer artificial intelligence companies a way to hedge their bets on the cost of chips, with the CME Group recently asking for permission to launch such contracts.

  • August 17, 2026

    Big Banks Reach $86.4M Deal In Mexican Bond-Rigging Suit

    Bank of America, HSBC and other global banks have agreed to pay $86.4 million to resolve investor class claims that they conspired to fix Mexican government bond prices, according to a proposed settlement unveiled on Friday in New York federal court.

  • August 17, 2026

    Medtech Group Faults Fed. Circ. Trade Secret Timing Rule

    A medical technology trade group and a University of Texas law professor are urging the full Federal Circuit to revisit a decision that wiped out Insulet Corp.'s trade secret win against EOFlow Co. Ltd. after finding the suit untimely, reversing a $452 million jury verdict that had been reduced to $59.4 million.

  • August 17, 2026

    Protein Shake Maker Investors Sue Over Troubled Acquisition

    Consumer packaged health foods company Simply Good Foods has been hit with a class action in New York federal court over its $280 million acquisition of a plant-based protein shake company, whose integration was an "abject failure," resulting in a $200 million impairment on the acquired company's assets and a stock price drop.

  • August 17, 2026

    Hospital Employees Seek Class Cert. In Retirement Funds Suit

    Employees of a faith-based nonprofit Colorado hospital urged a federal judge to grant class certification in their lawsuit alleging the hospital mismanaged employees' retirement funds and ultimately cost participants tens of millions of dollars.

  • August 17, 2026

    Suspended Pa. Atty Gets More Scrutiny In Investment Scheme

    A Pennsylvania attorney whose law license was recently suspended skipped a separate disciplinary hearing Monday over claims that he used his bank accounts to pool investors' funds and looked the other way as the money was allegedly being misappropriated.

  • August 17, 2026

    Rising Star: Kirkland's Alexander Rodney

    Alex Rodney of Kirkland secured Target a complete precedent-setting dismissal of a $25 billion proposed class action that accused the retail giant of loading its inventory beyond consumer demand as COVID-19 restrictions lifted, earning him a spot among the securities lawyers under age 40 honored by Law360 as Rising Stars.

  • August 14, 2026

    AIG Ex-Execs Win Ruling That Parent's FP Loan Was Equity

    American International Group's funding advances to one of its investment units was an equity infusion and not debt, a Delaware bankruptcy judge ruled Friday, handing a win to former executives who say they're owed deferred compensation funds that were depleted during the 2008 financial crisis.

  • August 14, 2026

    SEC Says EBET Investor Hid Ties In $56M Stock Fraud Case

    The U.S. Securities and Exchange Commission asked a Texas federal judge on Friday to turn down a bid for summary judgment from a man accused of participating in a $56 million microcap fraud scheme, saying disputes of material fact exist.

  • August 14, 2026

    Conn. Opposes Kalshi's Bid To Keep Running Pending Appeal

    Connecticut officials on Friday asked a federal judge to deny KalshiEX's bid to keep offering sports contracts as it mounts a "long-shot appeal" of an injunction, arguing there is no basis to restrain state regulators from enforcing state wagering law given the contracts' "clear illegality." 

  • August 14, 2026

    SEC Says Adviser, Cos. Ran $74M Pre-IPO Boiler Room Fraud

    The U.S. Securities and Exchange Commission on Friday accused a New York-based investment adviser and his companies of using more than 100 "sales agents" to engage in high-pressure tactics to solicit investments in shares of businesses that had not yet undertaken initial public offerings while charging hidden fees, raising over $74 million from more than 800 investors.

  • August 14, 2026

    Texas Justices Pass On Atty's Bid To Undo Exxon Sanctions

    The Texas Supreme Court on Friday declined to take up an appeal brought by a law firm challenging a sanction order issued after a lower court found it launched a frivolous lawsuit against Exxon Mobil Corp. related to the company's acquisition of Pioneer Natural Resources.

  • August 14, 2026

    7th Circ. Won't Revive Elanco Investors' Securities Fraud Suit

    The Seventh Circuit Friday affirmed the dismissal of a lawsuit claiming Elanco Animal Health misled the market by forcing distributors to buy excess inventory to artificially inflate its sales figures, saying it could not draw a strong inference of fraudulent intent by Elanco executives.

  • August 14, 2026

    Trump-Backed Crypto Co. Gets Initial OK For Bank Charter

    The Office of the Comptroller of the Currency on Friday preliminarily approved a closely watched charter application from World Liberty Financial, moving the Trump family-tied cryptocurrency venture closer to launching a federally regulated trust bank.

  • August 14, 2026

    Fla. Judge Rejects PE Investors' Bid To Block Asset Sale

    A Florida federal judge on Friday rejected a proposed class of private equity investors' emergency request to lift a mandated stay on their $150 million fraud suit and won't hand down a temporary restraining order that would've prevented the sale of infrastructure assets to major homebuilder D.R. Horton.

  • August 14, 2026

    Meta Beats Suit Over Scam Investment Ads Again

    A California judge dismissed a suit against Meta over ads on its platforms from scammers impersonating financial professionals to run pump-and-dump investment schemes, saying the theory of the case was "not entirely clear" before giving plaintiffs one more chance to amend their complaint.

  • August 14, 2026

    SEC Staff Halt Responses To Proxy Proposal Exclusion Bids

    The U.S. Securities and Exchange Commission Friday made permanent a previous decision to step back from responding to companies' bids to exclude shareholder proposals from their ballots, following comments from the agency's chairman that the most recent proxy season saw none of the "dire predictions" some had forecast after the retreat.

  • August 14, 2026

    Can Texas, Nevada Replicate Delaware's Corporate Edge?

    Texas and Nevada have spent the past few years rewriting corporate laws and building specialized business courts in an effort to challenge Delaware's long-standing dominance as the preferred home for U.S. companies. While a handful of high-profile corporations have already made the move, corporate law experts say creating another Delaware will require far more than new statutes and judges.

  • August 14, 2026

    Rising Star: Glancy Prongay's Pavithra Rajesh

    Pavithra Rajesh of Glancy Prongay Wolke & Rotter LLP helped win a $120 million settlement for investors in a secondary offering by ViacomCBS Inc. and fought her way through several pleading motions in order to reach a settlement-in-principle in a securities fraud class action against United Natural Foods Inc., earning her a spot among the securities law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 14, 2026

    Holland & Knight Loses Bid To Escape GWG Fraud Suit

    Holland & Knight LLP must face adversary claims in Houston bankruptcy court after a Texas federal judge found the trustee for bankrupt life insurance bond seller GWG Holdings Inc. had made a plausible case that the firm and one of its attorneys engaged in a racketeering conspiracy with its ex-chairman.

Expert Analysis

  • 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.

  • 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.

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