Securities

  • August 28, 2026

    9th Circ. Rules Against Kalshi In Sports Wager Circuit Split

    The Ninth Circuit on Friday backed a Nevada federal court decision that cleared the way for the state's gambling regulators to pursue Kalshi's sports offerings, creating a circuit split in the sprawling litigation over prediction market regulation.

  • August 28, 2026

    Financial Firm's $1.4M Asset Hold Against Adviser Upheld

    A Connecticut appeals court Friday said a financial services firm properly secured a nearly $1.4 million asset hold against an adviser, agreeing the company showed a likelihood of proving during underlying Financial Industry Regulatory Authority arbitration that the adviser siphoned customers when transitioning to a new broker-dealer.

  • August 28, 2026

    Ex-Better CEO Sues Over Ouster, Shareholder Rights

    The recently ousted CEO of mortgage and real estate company Better.com has sued the company and several directors in Delaware's Chancery Court seeking to invalidate a shareholder plan he claims interferes with stockholder voting rights.

  • August 28, 2026

    BofA's $72.5M Deal With Epstein Victims Gets Final Approval

    A New York federal judge gave the final OK Friday to a settlement in which Bank of America will pay $72.5 million to as many as 75 women to settle claims that it facilitated what the court called Jeffrey Epstein's "monstrous" sex trafficking and abuse, and approved an attorney fee award worth 30% of the settlement fund.

  • August 27, 2026

    Anthropic Judge Rejects Trump's Nat'l Security 'Blank Check'

    The U.S. Department of Defense's designation of Anthropic PBC as a supply chain risk to national security was not based on a credible threat, but rather was retaliation for the company's public criticism of the Trump administration's position in contract negotiations, a California federal judge ruled Thursday.

  • August 27, 2026

    OCC, FDIC Raise Bar For Examiners To Criticize Banks

    Federal banking regulators moved Thursday to rein in their use of supervisory warnings and enforcement actions, rolling out new standards that they said will focus examiner attention on material financial risks rather than process and documentation concerns.

  • August 27, 2026

    Binance.US Beats Sherman Claims, Rest Sent To Arbitration

    Cryptocurrency exchange Binance.US and a digital asset market data website have beaten for good antitrust claims in a proposed class action accusing them of working together to suppress a cryptocurrency's value by misstating its ranking, but Binance must face other claims in arbitration.

  • August 27, 2026

    CVS Must Face Investor Claims Over AI Use Omissions

    A New York federal judge trimmed a proposed investor class action Thursday that alleges CVS Health Corp. concealed that its profitability was largely driven by its use of artificial intelligence, allowing the case to proceed on "actionable half-truths" that the company misrepresented the effects of its AI use.

  • August 27, 2026

    Compliance Firm Escapes Most Of Advisory Customer's Suit

    Compliance firm ACA Group has defeated most claims in a suit brought by an investment advisory firm client who accused it of being liable for her investment losses, with an Oregon federal magistrate judge finding the suit failed to state fraud and negligence claims against ACA over its outsourced work for the adviser.

  • August 27, 2026

    Peloton Again Escapes Investors' Post-COVID Sales Suit

    A New York federal judge Thursday threw out a lawsuit accusing Peloton of misleading investors about the drop in demand for its exercise bikes following the early days of the COVID-19 pandemic, ruling that the prospective class hadn't proven that the company intentionally misled shareholders.

  • August 27, 2026

    News Outlets Say Trump Media's Suit Targets True Reports

    News outlets sued by President Donald Trump's social media company asked a Florida judge Thursday to end the $1.5 billion suit, arguing that the allegedly defamatory reports were substantially true and were published without actual malice.

  • August 27, 2026

    Krispy Kreme Must Face Claims Over McDonald's Rollout

    A North Carolina federal judge has denied part of Krispy Kreme's motion to dismiss a securities class action alleging it overhyped its partnership with McDonald's, allowing several claims to proceed that were made after the company may have known the collaboration would not be as successful as previously stated.

  • August 27, 2026

    Selena Gomez Says Wondermind Investor Suit Must Be Nixed

    Pop star Selena Gomez has urged a Delaware federal judge to toss securities fraud claims against her tied to the mental health startup Wondermind, saying she wasn't involved in the offering and suggesting that the plaintiffs may deserve sanctions for bringing "egregiously improper" claims against her.

  • August 27, 2026

    EV-Maker SPAC Investors Reach $4M Chancery Settlement

    Former stockholders of the special purpose acquisition company that took electric vehicle manufacturer Lion Electric public have agreed to a $4 million cash settlement with seven individuals who served as Northern Genesis Acquisition Corp. directors, officers or alleged controllers to end Delaware Chancery Court claims over the 2021 deal.

  • August 27, 2026

    Health Co. Gets Partial Win In Suit Over $8.5M Food Tech Deal

    A Florida federal judge handed a partial win to a health information technologies services company and its board Thursday, tossing some claims that they cheated a Canadian business out of $8.5 million in equity after fraudulently inducing the sale of a subsidiary specializing in plant-based extrusion technology.

  • August 27, 2026

    Cannabis Exec Says Sheriff Initiative Wasn't Key To License

    The social equity chief of cannabis company Ascend Wellness Holdings testified Thursday that she faced no pressure to hold on to an allegedly critical partnership with a Massachusetts sheriff who is now on trial for extortion.

  • August 27, 2026

    Colo. Hospital Can't Split Discovery In Retirement Funds Suit

    A Colorado federal judge rejected a faith-based nonprofit hospital's bid for the court to bifurcate discovery in a lawsuit brought by former employees accusing the health system of mismanaging their retirement funds, finding the requested action "would hinder judicial economy."

  • August 27, 2026

    Silver Lake Urges Chancery To Toss $1.7B Zuora Deal Suit

    Silver Lake Group LLC and Zuora Inc. founder Tien Tzuo urged the Delaware Chancery Court on Thursday to throw out a stockholder suit challenging their $1.7 billion take-private deal, arguing the sale was protected by an independent special committee and an informed stockholder vote.

  • August 27, 2026

    LGBCoin Defendant Says $75K Fee Bid In Suit Is Inflated

    The defendant who lost a default judgment earlier this month in favor of "Let's Go Brandon" meme coin investors has told a Florida federal judge that the plaintiffs' $75,000 fees request is too high.

  • August 27, 2026

    SEC Moves Closer To Curtailing Executive Pay Disclosures

    The U.S. Securities and Exchange Commission has moved one step closer to curtailing the amount of information that corporate executives must reveal about their pay, informing the White House that the agency could soon propose updated executive compensation regulations.

  • August 26, 2026

    Fed's Cook Says Trump Has 'No Lawful Basis' To Fire Her

    Federal Reserve Gov. Lisa Cook told the White House on Wednesday that President Donald Trump lacks a legally valid reason to fire her, arguing that previous mortgage fraud allegations leveled against her are untrue and would not justify removal.

  • August 26, 2026

    Connecticut Sues Kalshi To End 'Free-For-All' Wagering

    Connecticut on Wednesday became the latest state to sue prediction market Kalshi for allegedly offering illegal sports gambling to its users, asking a court to shut down unlicensed wagers in the state and opening a new front in a legal battle that has previously reached the Second Circuit.

  • August 26, 2026

    Norfolk Southern Says Precedent Undermines Derailment Suit

    Norfolk Southern urged a Georgia federal judge Wednesday to deny class treatment to investors who allege they were deceived about the company's safety operations before a fiery train derailment in Ohio in 2023, arguing U.S. Supreme Court precedent undercut the argument that the rail carrier's share price was unlawfully inflated.

  • August 26, 2026

    SEC, SBB Resolve Misvalued Funds Case Ahead Of Sept. Trial

    The U.S. Securities and Exchange Commission and SBB Research Group LLC told an Illinois federal judge that they've reached a settlement that would resolve the long-running litigation alleging the fund adviser misled investors about the performance of some of the funds it oversaw, and to scrap the planned September trial date.

  • August 26, 2026

    SEC Sends Crypto Custody Plan To White House

    The U.S. Securities and Exchange Commission is preparing to update regulations for investment advisers and funds holding crypto assets on their clients' behalf, sending planned amendments to its custody rules to the White House for review.

Expert Analysis

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • How Del. Courts Will Likely Evaluate AI Oversight Claims

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    While no Delaware court has thus far adjudicated a claim based on alleged board failures to oversee artificial intelligence risk, recent Court of Chancery decisions suggest that familiar Caremark principles will be applied in predictable but consequential ways, particularly when AI touches mission‑critical operations, say attorneys at WilmerHale.

  • SEC Clarifies 'Baby Shelf' Restrictions For Small Cos.

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    For smaller public companies looking to access the capital markets, the so-called baby shelf requirements can be a significant limitation, but recent guidance from the U.S. Securities and Exchange Commission helps to alleviate the effect of subsequent baby shelf restrictions on an at-the-market facility, say attorneys at Faegre Drinker.

  • Series

    The Biz Court Digest: Georgia Court Has Business On Its Mind

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    Thanks to recent legislation, the Georgia State-wide Business Court will soon offer business litigants greater access to the court than ever before, further enhancing the court's emphasis on efficiency, predictability and accessibility for sophisticated commercial disputes, says former GSBC judge Walt Davis at Jones Day.

  • Key Tronic Case Shows SEC Isn't Ignoring Controls Violations

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    The U.S. Securities and Exchange Commission's first nonfraud enforcement action against a public company during Chairman Paul Atkins' tenure reflects the commission’s willingness to bring enforcement actions that charge books and records and internal controls violations, despite deviating from policing technical violations, say attorneys at Cooley.

  • How Treasury's Stablecoin Test Will Shape State Oversight

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    The Treasury Department's recently proposed principles for judging whether state stablecoin regimes are "substantially similar" to the federal framework signal that issuers should expect stricter benchmarking against the bank agencies' standards, limited state flexibility and heightened pressure to reassess compliance as rules take shape, say attorneys at Baker McKenzie.

  • Operational AI Washing: A New Securities Class Action

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    In rising claims of operational AI washing — plaintiffs alleging that artificial intelligence was invoked to explain corporate business decisions in ways that may obscure underlying financial distress — earnings calls, restructuring disclosures and board-level communications will serve as key defense evidence, say attorneys at Akerman.

  • Where The Preemption Fight Over Prediction Markets Stands

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    While the Third Circuit's recent ruling in Kalshi v. Flaherty remains a significant win for the federal government in its quest to regulate prediction markets, the Fourth, Sixth and Ninth Circuits appear more skeptical, indicating that this fight is likely headed for the Supreme Court, says Johnny ElHachem at Holland & Knight.

  • 4 Emerging Approaches To AI Protective Order Language

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    Over the last year, at least five federal district courts have issued or analyzed specific protective order provisions restricting the use of generative artificial intelligence platforms with protected materials, establishing that proactive AI-specific provisions are now standard practice and demonstrating that no single model works for every case, says Joel Bush at Kilpatrick.

  • Binance Win Shows Constraints On Anti-Terrorism Act Claims

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    The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.

  • Understanding The Insider Trading Gap In Prediction Markets

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    While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

  • The Growing Importance Of Nature-Related Disclosures

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    The International Sustainability Standards Board's recent vote to develop nonmandatory nature‑related disclosure guidance reduces immediate compliance pressure, but it does not eliminate the practical relevance of such risks for companies that already prepare sustainability reports or operate across jurisdictions with differing expectations, say attorneys at ArentFox Schiff.

  • Expect US Enforcers' Cartel Crackdown To Continue

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    Since agencies’ coordinated enforcement efforts targeting cartel-related activity have not slowed, U.S. companies in Latin America should assess new business lines for designated-cartel ties, scrutinize highest-risk third parties, and enhance training and internal investigation practices, say attorneys at Miller & Chevalier.

  • How To Limit Accounting Fraud Risk As SEC Focus Persists

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    Despite the U.S. Securities and Exchange Commission's pullback on crypto, cybersecurity and recordkeeping cases, accounting fraud remains a core enforcement priority, making it important for public companies and auditors to strengthen controls, investigations and whistleblower processes, say attorneys at Pillsbury.

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