Securities

  • December 23, 2025

    AmTrust Says Robbins Geller Is Causing Investor Suit Delays

    Insurance company AmTrust accused Robbins Geller Rudman & Dowd LLP on Monday of being "asleep at the wheel" and causing discovery failures in an investor suit in New York federal court accusing the insurer of making financial misrepresentations related to its IPO, which AmTrust argues makes the firm inadequate for lead counsel appointment.

  • December 23, 2025

    Full 9th Circ. Won't Hear Ex-Theranos Exec Balwani's Appeal

    A Ninth Circuit panel rejected ex-Theranos executive Ramesh "Sunny" Balwani's en banc hearing request to reconsider his 12-count conviction and nearly 13-year prison sentence, while also amending its opinion to clarify that there was "ample evidence" to convict Balwani, even if prosecutors failed to correct a witness's testimony.

  • December 23, 2025

    AdaptHealth To Pay Investors $35M To End Inflated-Sales Suit

    Medical device provider AdaptHealth Corp. has agreed to pay $35 million to settle a lawsuit accusing it of deceiving shareholders about its revenue projections as it "routinely engaged in improper and unethical tactics to inflate sales numbers." 

  • December 23, 2025

    OCC Wants 'Heightened Standards' Only For Biggest Banks

    The Office of the Comptroller of the Currency on Tuesday said it is moving to amend its heightened standards guidelines for insured national banks to decrease the number of lenders subject to the toughest standards from 38 to eight.

  • December 23, 2025

    CFPB Says Earned Wage Access Products Aren't Loans

    The Consumer Financial Protection Bureau has determined that "earned wage access" products are generally not considered credit covered by the Truth in Lending Act, while withdrawing a Biden-era proposed interpretive rule that would have identified all such products as credit.

  • December 23, 2025

    Klarna Faces Investor Alleging IPO Risk Misrepresentations

    Klarna Group PLC has been hit with a proposed class action from an investor alleging the payments company damaged shareholders by failing to disclose the risks of its "buy now, pay later" loans typically issued to financially insecure consumers ahead of its initial public offering earlier this year.

  • December 23, 2025

    Conn. Judge Halts Deutsche Bank's Norway Suit Against Viks

    A Connecticut state judge has granted a temporary injunction blocking Deutsche Bank AG from pursuing a lawsuit against billionaire Alexander Vik and his daughter in Norway, and separately struck the Viks' claim for a broader injunction to prevent Deutsche Bank from suing them again over a judgment in an English court.

  • December 23, 2025

    Federal Agencies Urge 9th Circ. To Lift Layoff Freeze

    The U.S. government urged the Ninth Circuit to stay a court order barring agencies from laying off workers through next month under the shutdown deal, saying the court intruded on federal labor panels' territory and the funding resolution didn't bar layoffs agencies had in the works.

  • December 23, 2025

    Top Delaware Chancery Cases Of 2025: A Year-End Report

    The Delaware Chancery Court closed out 2025 amid a period of institutional uncertainty, as landmark cases addressing fiduciary duty, executive compensation, board oversight and the limits of equitable power unfolded against the backdrop of sweeping legislative changes to the Delaware General Corporation Law.

  • December 23, 2025

    Notable Pennsylvania Legislation Of 2025

    Pennsylvania's much-delayed 2025 budget bill contained some big public-policy changes like ending a carbon cap-and-trade program, offering an $800 income tax credit and providing stopgap funding for mass transit, even as its domination of the state Legislature's time prevented much else from passing, attorneys told Law360 in reviewing major laws that passed in the last year.

  • December 23, 2025

    Car Services Co. Inks $25M Deal In Securities Suit

    Driven Brands Holdings Inc. has agreed to pay $25 million to resolve allegations that the company and certain executives misled investors by overstating the success of the integration of its glass repair acquisitions and performance of its car wash businesses.

  • December 23, 2025

    Pot Investors Say Collective Mishandled Profits And Funds

    A pair of investors is suing the managers of a cannabis retail collective in California state court, alleging that they have been diverting funds and failing to properly distribute profits, instead using them to prop up their own businesses and enrich themselves.

  • December 22, 2025

    JPMorgan Rips Javice Attys' 'Absurd' Bills For Candy, Booze

    JPMorgan has unveiled new details in its ongoing legal fee fight with Charlie Javice, accusing the convicted financial aid startup founder's Quinn Emanuel defense counsel and other firms of billing for "absurd" and "outrageous" expenses, including specialty cocktails, cellulite butter, a Cookie Monster toy and $530 on gummy bears.

  • December 22, 2025

    Fidelity National Agrees To $210M WorldPay Merger Suit Deal

    Fidelity National Information Services has agreed to a $210 million settlement that resolves a proposed class of investors' claims that the fintech misrepresented the success prospects of its multibillion-dollar acquisition of payment processor Worldpay, according to an unopposed motion seeking a Florida federal court's preliminary approval of the deal.

  • December 22, 2025

    Catching Up With Delaware's Chancery Court

    Delaware's justices threw the Court of Chancery in reverse big time last week, rescinding a decision by the state's chancellor that last year effectively canceled tech tycoon Elon Musk's multi-year, then-$56 billion stock-based compensation package. It was a decision that lit up the court's relatively low-key, pre-holiday wind-up. It also highlighted the endless, 3D tug of war over Delaware-chartered companies and the interests of boards, officers, controllers, stockholders and the corporate bar.

  • December 22, 2025

    DOJ, SEC Charge 6 In $41M Insider Trading Scheme

    Federal prosecutors in New Jersey have charged six people in connection with what the government is alleging are securities fraud schemes that led to at least $41 million in illicit profits from insider trading, as well as gains from manipulating the stock prices of biopharmaceutical companies.

  • December 22, 2025

    PayPal Pares Bias Suit Over Minority-Focused Economic Fund

    A New York federal judge trimmed down a venture capital firm CEO's lawsuit accusing PayPal of discriminating against Asian Americans in a $500 million economic opportunity fund for Black- and minority-led businesses in 2020, allowing two claims against the financial technology company to go forward while tossing a couple of others.

  • December 22, 2025

    Rivian Shareholder Sues Top Brass Over Post-IPO Pricing

    Executives and directors of Rivian Automotive Inc. were hit with an investor's derivative suit accusing them of damaging the company by hiding that its flagship electric vehicles were far more expensive to build than advertised, making price hikes after its initial public offering inevitable.

  • December 22, 2025

    CFTC Acting Chair Departs As New Leader Sworn In

    The U.S. Commodity Futures Trading Commission's acting chair said Monday she would leave the agency at the end of the day, an announcement that followed the approval of her successor and her previous announcement that she is taking a role at a cryptocurrency company.

  • December 22, 2025

    SEC Accuses 7 Cos. Of Crypto 'Confidence Scam'

    The U.S. Securities and Exchange Commission sued a group of companies Monday in Colorado federal court, aiming to reclaim $14 million that it is alleging the firms stole from U.S. investors in a cryptocurrency "confidence scam" and funneled abroad.

  • December 22, 2025

    $14.8M Deal Proposed In Genius Sports SPAC Chancery Case

    Stockholders and defendants in a Delaware Chancery Court lawsuit challenging the merger that took sports data company Genius Sports Ltd. public through a special purpose acquisition company have reached a proposed $14.8 million cash settlement, according to a release by plaintiffs' counsel Monday.

  • December 22, 2025

    CFTC Suit Adds To Convicted Crypto Fraudster's Woes

    The CEO of a collapsed cryptocurrency commodity pool who earlier admitted to a wire fraud conspiracy charge now faces U.S. Commodity Futures Trading Commission civil claims over what prosecutors say was a $10 million Ponzi scheme.

  • December 22, 2025

    Chipotle Dodges Investor Claims Over Portion Cuts

    Chipotle Mexican Grill Inc. has escaped a proposed shareholder class action accusing it and its executives of downplaying concerns about meager portion sizes, an issue the company later acknowledged it would correct, with a California federal judge's ruling that the allegations are insufficient to establish that Chipotle's statements were false or misleading.

  • December 22, 2025

    Draft House Bill Would Clarify Tax Rules For Digital Assets

    A bipartisan draft bill in the U.S. House would modernize the federal tax code for digital assets, its backers said, by establishing a "commonsense tax treatment" for regulated payment stablecoins, clarifying source-of-income rules for trading and extending existing securities-lending rules to digital assets.

  • December 22, 2025

    Sallie Mae Investor Sues Over Late Student Loan Payments

    Sallie Mae is facing a possible class action in New Jersey that accuses the company and its top executives of committing securities fraud by underselling an increase in student loan delinquencies.

Expert Analysis

  • A Look At Project Crypto's Plans For Digital Asset Regulation

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent announcement of Project Crypto, an agencywide initiative to modernize federal securities regulations, signals a significant shift toward a more flexible regulatory framework that would shape the future of the U.S. digital asset market, say attorneys at WilmerHale.

  • Series

    Painting Makes Me A Better Lawyer

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    Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.

  • 3 Trends From AI-Related Securities Class Action Dismissals

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    A review of recently dismissed securities class actions centering on artificial intelligence highlights courts' scrutiny of statements about AI's capabilities and independence, and sustained focus on issues that aren't AI-specific, say attorneys at Alston & Bird.

  • CFTC, SEC Joint Statement Highlights New Unity On Crypto

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    The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trading Commission's recent joint statement announcing a cross-agency initiative enabling certain spot crypto-asset products to trade on regulated exchanges is the earliest and most visible instance of interagency cooperation on crypto regulation, say attorneys at Morgan Lewis.

  • Regulatory Uncertainties Loom As Fed Ends Crypto Oversight

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    The Federal Reserve Bank's recently ended crypto supervisory program headlines other recent federal actions from Congress, the White House and relevant agencies that may complicate financial institutions' digital-asset use and attendant compliance strategies, say attorneys at Buchalter.

  • Opinion

    SEC Arbitration Shift Is At Odds With Fraud Deterrence

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    The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller.

  • Better Crypto Insurance Is Attainable Amid Regulatory Shifts

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    With regulatory clarity improving and insurance carriers taking an increasingly constructive approach, crypto industry participants can improve their insurance coverage and pricing if finance, legal and compliance teams take specific steps, say Walker Newell and Jacob Sawyer at Woodruff-Sawyer.

  • Protecting Sensitive Court Filings After Recent Cyber Breach

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    In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.

  • Series

    NC Banking Brief: All The Notable Legal Updates In Q3

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    There were several impactful changes to the financial services landscape in North Carolina in the third quarter of the year, including statutory updates, enforcement developments from Office of the Commissioner of Banks, and notable mergers, acquisitions and branch expansions, say attorneys at Moore & Van Allen.

  • Despite Fraud Focus, SEC Still Targeting Technical Violations

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    The U.S. Securities and Exchange Commission under Chairman Paul Atkins has emphasized its back-to-basics strategy, focusing on identifying and combating fraud and manipulation, but at the same time, it has continued to pursue nonfraud-based actions targeting technical rule violations, a trend that will likely continue, say attorneys at Morgan Lewis.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q3

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    Of note in the third quarter of the year, New York state regulators moved forward on their agendas to limit abuse of electronic banking, including via a settlement with stablecoin issuer Paxos and a lawsuit against Zelle alleging insufficient security measures, says Chris Bonner at Barclay Damon.

  • Gauging SEC Short-Sale Rules' Future After 5th Circ. Remand

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    Though the Fifth Circuit recently remanded to the U.S. Securities and Exchange Commission two Biden-era rules requiring disclosure of securities lending and short-sale activity in order to consider the rules' cumulative economic impact, it's possible they will get reproposed, meaning compliance timelines could change, says Scott Budlong at Barnes & Thornburg.

  • Series

    Judging Figure Skating Makes Me A Better Lawyer

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    Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    The third quarter of 2025 brought legislative changes to state money transmission certification requirements and securities law obligations, as well as high-profile accounting and anti-money laundering compliance enforcement actions by the Department of Financial Protection and Innovation, say attorneys at Ropes & Gray.

  • 9th Circ. Ruling May Help Pharma Cos. Avert Investor Claims

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    The Ninth Circuit's recent decision affirming the dismissal of a securities fraud class action alleging that Talphera deceived investors by marketing a drug with a misleading slogan should give plaintiffs pause before filing similar complaints where snappy slogans are accompanied by copious clarifying information, say attorneys at Simpson Thacher.

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