Securities

  • July 24, 2026

    Kalshi Wants NY Sports Wagers Shielded As Deadline Nears

    Kalshi is asking the Second Circuit for an emergency order to safeguard its sports-related contracts from New York regulators, which have promised to hold off on any enforcement actions against the company only through July 30.

  • July 24, 2026

    Cushman & Wakefield 401(k) Climate Risk Suit Shipped To Ill.

    A proposed class action accusing commercial real estate services giant Cushman & Wakefield of mismanaging its 401(k) plan by including a fund that ignores climate change-related financial risks has been transferred to Illinois federal court by a Washington federal judge, according to a recently filed order.

  • July 24, 2026

    CFTC Wants More Input On Energy Contracts, 24/7 Trading

    The U.S. Commodity Futures Trading Commission has extended the public comment period for its proposals on around-the-clock trading and perpetual contracts in the energy industry, offering additional questions for consideration following the regulator's "extensive conversations" with the industry.

  • July 23, 2026

    BitMEX Users Say Exchange Rigged Liquidations For Profit

    BitMEX, one of the world's largest cryptocurrency exchanges, deliberately designed its system to create unfavorable conditions for customers and then seize their bitcoin, liquidating their accounts when they lost a certain amount, according to a proposed class action filed on Thursday in New York federal court.

  • July 23, 2026

    Kroll Can Arbitrate Some Data Claims, Ax Others, Judge Says

    Bankruptcy claims agent Kroll Restructuring Administration LLC should be able to arbitrate claims over a 2023 data breach affecting FTX Trading customers, but claims from a BlockFi user should be tossed, according to recommendations from a Texas magistrate judge.

  • July 23, 2026

    10th Circ. Won't Undo Crypto Firm Founder's 5-Year Sentence

    The Tenth Circuit refused to alter a cryptocurrency investment firm co-founder's five-year prison sentence and obligation to pay over $174,000 in restitution to victims of a fraud scheme he orchestrated, writing the district court's sentencing and loss amount estimation was reasonable.

  • July 23, 2026

    FINRA Fines Tastytrade Over Best Execution Rule Compliance

    Online brokerage platform operator Tastytrade will pay the Financial Industry Regulatory Authority $850,000 to end claims that it did not meet "best execution" standards when it failed to properly review the transaction quality of customers' equity orders.

  • July 23, 2026

    Del. Judge Voids Destiny Co-Founder's Ouster Scheme

    The Delaware Chancery Court ruled Thursday that Destiny XYZ Inc.'s controlling founder carried out an unfair scheme to squeeze his co-founder out of the company, restoring the minority founder's ownership stake and finding that the controller and two directors breached their fiduciary duties through a reverse-forward stock split designed to eliminate him.

  • July 23, 2026

    Logan Paul, YouTube Crypto Critic End Defamation Dispute

    Professional wrestler Logan Paul and the YouTube investigator who called his cryptocurrency project a scam say they've reached a deal to resolve Paul's defamation claims.

  • July 23, 2026

    State High Courts Issue Top 2026 Specialty Insurance Rulings

    State high courts took the lead on specialty line insurance issues in the first half of 2026, including on cyber recovery disputes and the nuances of directors and officers coverage. Law360 has a midyear look.

  • July 23, 2026

    Simpson Thacher Warned Co. About Deal Terms, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became detrimental to the insurance services company.

  • July 23, 2026

    'Internal Affairs' Doctrine Trims Pa. Gas Investors' Lawsuit

    A federal judge trimmed a Pennsylvania family's lawsuit claiming two oil and gas companies wrongly failed to pay out dividends for their shares, reasoning that while the family could make some claims as individual investors, they could not demand to oust board members and shut down one company because those were "internal affairs" under Delaware law.

  • July 23, 2026

    NM Tribes Move To Block Kalshi Offerings On Native Land

    Four indigenous nations have asked a New Mexico federal judge to stop Kalshi from offering sports-related contracts on their lands, arguing that the prediction market giant is plainly violating laws that give the tribes sole authority over sports betting.

  • July 23, 2026

    Crowell & Moring Adds Former UBS Bank USA GC

    Crowell & Moring LLP hired a former general counsel for UBS Bank USA this week to advise banks, fintechs and digital assets companies on regulatory matters.

  • July 23, 2026

    Jenzabar Investor Sues Board Over Alleged Power Grab

    A Jenzabar Inc. stockholder has sued three current and former directors of the private education technology company in the Delaware Chancery Court, accusing them of seizing control of the board and awarding themselves outsized pay packages without proper oversight.

  • July 23, 2026

    Bar Works Fraudster Gets More Prison Despite Cooperation

    A Manhattan federal judge on Thursday tacked on more time behind bars for the architect of the $57 million Bar Works shared office space investment Ponzi scheme, expressing concern that the Englishman has the potential to reoffend despite cooperating against four co-conspirators.

  • July 23, 2026

    Mass. Finance Co. Owner To Cop To $11M Ponzi Scheme

    The owner of a small finance company in western Massachusetts will plead guilty to running what the government says was an $11 million Ponzi scheme that defrauded more than 200 investors, the U.S. attorney's office said.

  • July 23, 2026

    Textile Print Co. Kornit Gets First OK For $19.5M Investor Deal

    A New Jersey federal judge has preliminarily approved a nearly $20 million deal resolving class action claims alleging textile technology company Kornit Digital Ltd. and its executives misled investors about its financial prospects and concealed customer issues that affected the business.

  • July 22, 2026

    SpaceX May Not Escape Shareholder Suits' Orbit So Easily

    SpaceX's recent blockbuster initial public offering includes a novel and untested framework to steer shareholder disputes to Texas' Business Court and arbitration while prohibiting investor class actions, in a move attorneys said will certainly be challenged in court and could lead to the company facing an impractical number of arbitration proceedings.

  • July 22, 2026

    House Republicans Urge Fed To Speed Up Bank M&A Reviews

    Republicans on the House Financial Services Committee are calling on the Federal Reserve to explore what else can be done to speed up its bank merger reviews, urging it to look into clearing long-delayed applications and allowing more approvals without a board vote.

  • July 22, 2026

    Nadex Seeks To Shield OG Prediction Market Biz In Wash.

    North American Derivatives Exchange asked a Washington federal court Wednesday to protect its prediction market platform OG from potential enforcement action by the state, pointing to the state attorney general's lawsuit going after Kalshi for alleged violations of state gambling law.

  • July 22, 2026

    SEC To Pay Coinbase's Atty Fees In FOIA Suit Settlement

    The U.S. Securities and Exchange Commission said Wednesday that it will pay $150,000 in attorney fees and share its document retention policies to resolve a Coinbase-backed lawsuit seeking internal documents surrounding closed crypto investigations.

  • July 22, 2026

    Securities Class Action Deals On Target To Hit 6-Year High

    The value of class action settlements is on track to reach a six-year high of $4.4 billion, fueled in part by a handful of "mega settlements" and other high-dollar deals, a Cornerstone Research report released Wednesday said. 

  • July 22, 2026

    SEC's Peirce Says Crypto Vaults May Trigger Securities Laws

    The U.S. Securities and Exchange Commission's Hester Peirce said Wednesday that cryptocurrency assets and activities including some vaults and lending may implicate securities laws, urging firms to "work with us to find a compliant path forward so that you can use new technology to serve investors without running afoul of the federal securities laws."

  • July 22, 2026

    Sen. Warren Urges Watchdog Probe Of CFTC Staff Cuts

    U.S. Sen. Elizabeth Warren, D-Mass., on Wednesday urged the Government Accountability Office to investigate the impact of staffing cuts at the Commodity Futures Trading Commission, saying the reductions come as the CFTC faces increased responsibilities in overseeing prediction markets and implementing cryptocurrency market legislation.

Expert Analysis

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • AI Governance Tips For Avoiding Securities Suits

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    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • How Reincorporating In Texas May Alter Earnout Disputes

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    While the DExit debate has focused on shareholder suits, far less attention has been paid to what reincorporating in Texas means for M&A disputes, making it particularly important to understand the nuances between Delaware and Texas earnout jurisprudence, say attorneys at Selendy Gay.

  • 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.

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