Securities

  • August 25, 2026

    SEC Says NC Engineer Ran 'Free-Riding' Securities Scheme

    The U.S. Securities and Exchange Commission said a North Carolina-based engineer will pay over $57,000 to settle claims he engaged in a five-year "free-riding" scheme that involved initiating bank transfers that lacked sufficient funds and using the instant credit to trade securities.

  • August 25, 2026

    PG&E Investors Get Final OK For $100M Wildfire Suit Deal

    A California federal judge Tuesday gave final approval to a $100 million deal settling claims California utility Pacific Gas & Electric Co., its brass and underwriters misled investors about the company's safety practices ahead of deadly wildfires in the past decade, with lead attorneys securing $21 million in fees.

  • August 25, 2026

    Investor Seeks Legal Fees In Del. Over Energy Co. Share Suit

    Hudson Bay Longview LLC has sued Mountain State Energy Holdings LLC in the Delaware Chancery Court seeking to force the energy company to pay the legal costs Hudson Bay is racking up while defending a separate New York lawsuit over its purchase of Mountain State shares.

  • August 25, 2026

    CFTC, Kentucky Vie For Early Win In Prediction Market Clash

    The U.S. Commodity Futures Trading Commission and Kentucky regulators dueled over whether the state's attempts to tax and limit sports-focused event contracts have harmed the federal agency in competing bids for a quick win in their ongoing dispute over prediction market regulation.

  • August 25, 2026

    Air Ambulance Co. Settles Suit Over 401(k) Fund Selection

    An air ambulance company told a Colorado federal court Tuesday that it has settled a worker's proposed class action that claimed the business failed to cut pricey share classes from its $633 million retirement plan and harmed workers' savings.

  • August 25, 2026

    Investor Says Vail Resorts Conspired To Fix Ski Pass Prices

    Vail Resorts Inc. and its executives conspired with competitors to fix prices for its lift tickets and misled its stockholders about the company's conduct, an investor in the mountain resort operator alleged in Colorado federal court.

  • August 25, 2026

    Abbott Cuts $88.5M Deal To End Investors' Formula Recall Suit

    Abbott Laboratories and a proposed class of shareholders have reached an $88.5 million settlement to resolve claims that the company misled investors about its safety practices ahead of the 2022 recall at its Sturgis, Michigan, infant formula plant, in a deal that comes a month after an Illinois federal judge tossed the suit.

  • 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.

Expert Analysis

  • How 'Spillover' Effects Can Skew AI Securities Class Actions

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    Event study evidence is often central in securities litigation at class certification and beyond, but in an environment where earnings forecasts and statements can have spillover market implications, particularly when concerning artificial intelligence, the task of parsing out the price impact of news requires careful consideration, say Erik Johannesson, Olivia Wurgaft and Nguyet Nguyen at Brattle Group.

  • Opinion

    Tribal Gaming Law Is Paramount In Prediction Market Cases

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    Whatever the outcome of the preemption question in prediction market litigation involving states and the federal government, the Indian Gaming Regulatory Act deals very specifically with gaming on Indian lands and almost certainly trumps the general federal laws at issue, says Kevin Washburn at the University of California, Berkeley.

  • Series

    Playing Magic: The Gathering Makes Me A Better Lawyer

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    The competitive card game Magic: The Gathering offers me a training ground for the strategic thinking skills crucial to litigation, challenging me to adapt to oft-updated rules, analyze text as complicated as any statute and anticipate my opponent’s next moves, says Christopher Smith at Lash Goldberg.

  • Why The Wells Process Is No Longer A One-Sided Exercise

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    The U.S. Securities and Exchange Commission's recently revamped Enforcement Manual rewrites the informational asymmetry that has defined SEC defense for decades, providing counsel with several new strategies to produce better submissions, give better advice and achieve better outcomes, says Ashwin Ram at Buchalter.

  • Improving Well-Being In Law, 10 Years After Landmark Study

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    An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.

  • 8 Reasons To Consider Maryland As A 'DExit' Option

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    While Nevada and Texas have garnered the most attention as alternative states of incorporation for companies considering leaving Delaware, Maryland offers considerable benefits too, including a predictable statutory framework, robust anti-takeover protections, sophisticated business courts with decades of experience, and more, say attorneys at Miles & Stockbridge.

  • Mapping Philly US Atty's White Collar Enforcement Push

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    Attorneys at Blank Rome discuss the U.S. Attorney for the Eastern District of Pennsylvania David Metcalf’s commitments and priorities, survey early results from his first year, and suggest practical action items for companies operating under the office's jurisdiction.

  • Opinion

    Exxon's Retail Voting Program Is A Trap For Retail Investors

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    The U.S. Securities and Exchange Commission approved Exxon Mobil's first-of-its-kind proxy voting program last September, but ahead of the company's annual shareholder meeting next month, it's clear that retail shareholders have delegated their voice to the entity their vote exists to check, says Christina Sautter at Southern Methodist University.

  • What DOL Proposal Signals For 401(k)s, Alternative Assets

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    The U.S. Department of Labor recently published a highly anticipated proposed rule that could establish more defined pathways for 401(k) plan fiduciaries to consider investment options with greater alternative asset exposure, and help fund sponsors and investment managers develop such options, say attorneys at Cleary.

  • SEC's Enforcement Slowdown May Raise Oversight Questions

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    After six months of enforcement activity, it's clear that fiscal year 2026 will see an unprecedented decline in U.S. Securities and Exchange Commission enforcement activity relative to past years, but whether the SEC will be viewed as sufficiently policing the securities markets at the end of the fiscal year is more uncertain, say attorneys at Covington.

  • What To Expect From The SEC's New SOX Group

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    In a potential shift away from Public Company Accounting Oversight Board enforcement, the U.S. Securities and Exchange Commission's formation of a new group to investigate and litigate potential violations of the Sarbanes-Oxley Act brings both risks and benefits for auditors, say attorneys at King & Spalding.

  • Contract Language Reigned Supreme In Bancorp Dismissal

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    A Minnesota federal court's recent dismissal of claims over U.S. Bancorp's cash sweep program underscores that clear contractual disclosures hold weight in class actions, demonstrating the power of contract language that plainly indicates terms, fiduciary limits and institutional benefits to customers, says Quin Seiler at Winthrop & Weinstine.

  • Why Justices Seem Skeptical Of Curbing SEC Disgorgement

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    Sripetch v. U.S. Securities and Exchange Commission presents an opportunity for the U.S. Supreme Court to clarify the disgorgement limits it set six years ago in Liu v. SEC, with recent oral arguments suggesting the court sees disgorgement as an equitable remedy akin to unjust enrichment, say attorneys at Hueston Hennigan.

  • GHG Endangerment Finding Repeal Brings New Legal Risks

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    The U.S. Environmental Protection Agency's 2009 determination that greenhouse gases endanger public health and welfare anchored a matrix of regulation across multiple sectors — and the recent repeal of that finding has fundamentally destabilized the legal landscape governing industrial emissions, corporate liability and climate-related risk management, says Tanya Nesbitt at Thompson Hine.

  • 2 New SEC Proposals Represent Welcome Relief For Funds

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    The U.S. Securities and Exchange Commission's recent proposals to alter requirements under the names rule and Form N-PORT are favorable developments for registered funds due to lessened reporting burdens and added flexibility, and are illustrative of the market-facilitative regulatory posture under Chairman Paul Atkins' leadership, say attorneys at Debevoise.

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