Securities

  • September 14, 2026

    NY AG, CFTC Tussle Over Prediction Markets, Gambling Laws

    The U.S. Commodity Futures Trading Commission on Monday asked a New York federal judge to find that the federal regulator has exclusive jurisdiction over prediction markets and put a stop to efforts by the state of New York to subject event contract providers such as Coinbase and Gemini to state gambling laws.

  • September 14, 2026

    NY Flags AI Models As Cyber Risk Review Factor For Banks

    A top New York regulator is urging the state's banks and insurers to stay on top of evolving cybersecurity threats, flagging the launch of powerful new artificial intelligence models as the kind of major market development that can necessitate updating their risk assessments.

  • September 14, 2026

    Chinese Co. To Pay SEC $500K Over Sham Transactions Claim

    China-based retail platform operator Dada Nexus will pay $500,000 to settle the U.S. Securities and Exchange Commission's claims that its employees carried out fraudulent transactions that allowed the company to overstate its net revenues and costs in filings with the agency.

  • September 14, 2026

    Ex-Funko Exec To Pay SEC $1M In Insider Trading Case

    The U.S. Securities and Exchange Commission reached a $1 million insider trading settlement Monday with a former Funko Inc. executive who allegedly sold his shares after learning that the toymaker's CEO was planning to step down.

  • September 14, 2026

    CFTC Touts 'Record' Year With $150M To Whistleblowers

    The U.S. Commodity Futures Trading Commission announced Monday it has handed out more than $150 million to whistleblowers over the past two months, and its general counsel said the agency is having a "record year" for awarding tipsters.

  • September 14, 2026

    FINRA Pressed To Tighten 'Finfluencer,' AI Communications

    A coalition of state regulators has urged the Financial Industry Regulatory Authority to more closely monitor how broker-dealers use social media and artificial intelligence to communicate with the public as FINRA considers providing its members with more leeway on customer outreach.

  • September 14, 2026

    Quinn Emanuel Ends Ex-Binance CEO Suit Over $1.5M Bill

    Quinn Emanuel has quietly dropped its lawsuit against former Binance CEO Changpeng Zhao, in which it asked a court in Washington, D.C., to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

  • September 14, 2026

    Hyliion Investors End Suit Over Data Center Deal

    A proposed class of Hyliion Holdings Corp. investors has voluntarily dropped its suit against the linear generators company, which was accused in Texas federal court of overhyping a data center partnership with an artificial intelligence infrastructure company.

  • September 14, 2026

    National Instruments Reaches $28M Deal Over Hidden Bids

    National Instruments Corp., two former executives and a class of investors have reached a $28 million deal to resolve claims that the company repurchased stock while concealing from investors that it was considering being acquired.

  • September 14, 2026

    UBS Can't Nix Trust's Fee Claim Over Alleged Concealment

    A New York federal judge has trimmed a charitable trust's mismanaged funds suit against UBS, finding that the suit adequately pleads that the defendants concealed their alleged fraud but that no private right of action exists for breach of fiduciary duty claims under the Investment Advisers Act.

  • September 14, 2026

    Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

    Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed the subsidiary into bankruptcy to dodge $115 million in debt.

  • September 14, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week saw disputes over allegedly fabricated board approvals at a telecom infrastructure startup, insider trading and child safety at Roblox Corp. and ownership of artificial intelligence technology used in legal proceedings.

  • September 11, 2026

    'FBoy Island' Star-Turned-Va. Candidate Sues Over Kalshi Fine

    A lawyer and former contestant on the reality series "FBoy Island" has sued Kalshi after he was banned for trading on prediction markets about his own political campaign, saying he's not advocating for political candidate trading, rather, he's highlighting the monetization of candidates on prediction markets.

  • September 11, 2026

    Accounting Firm Says Malpractice Suit Must Be Arbitrated

    New York-based accounting firm Citrin Cooperman is arguing that a multimillion-dollar malpractice lawsuit over its work for a Cayman Islands special purpose acquisition company belongs in arbitration, even though the litigation was filed by that company's sponsor.

  • September 11, 2026

    Atlas Energy Inks $17M Deal To End Investor Suit Over Reorg

    Atlas Energy Solutions Inc. has reached a $17 million settlement to resolve shareholder claims over the oilfield services company's 2023 reorganization, according to a copy of the proposed agreement filed Friday in the Delaware Chancery Court.

  • September 11, 2026

    Tesla Investors Press Del. High Court To Keep Cases In State

    Tesla Inc. investors have asked the Delaware Supreme Court to keep in the state a trio of lawsuits accusing the carmaker and its CEO, Elon Musk, of breaching their fiduciary duty, after a Chancery Court judge ruled earlier this year that the cases belong in Texas.

  • September 11, 2026

    Bongino Disavows Inside Knowledge On Parler Ouster

    Former deputy FBI director Dan Bongino testified Friday that he was not privy to decisions leading to social media company Parler's 2021 ouster of its CEO, but he was pressed over having seen a draft of the document revision that supposedly allowed the CEO's 40% interest to be confiscated.

  • September 11, 2026

    SEC Says Tax Co. Owners Ran $64M Ponzi Scheme

    The U.S. Securities and Exchange Commission has accused two former investment fund operators who also ran a Tennessee-based tax preparation business and their former employee of participating in a scheme that fraudulently raised $64 million from more than 230 investors, some of which were paid with Ponzi-like payments from previous investors.

  • September 11, 2026

    Prediction Markets Ask Justices To Settle Sports Wager Split

    Crypto.com on Friday became the third party to call on the U.S. Supreme Court to address the closely-watched circuit split on prediction market regulation, challenging a Ninth Circuit decision that allowed Nevada regulators to police certain sports event contracts since their "substance" appeared to be gambling.

  • September 11, 2026

    Ex-Edward Jones Adviser Gets 7 Years In Embezzlement Case

    A Georgia federal judge on Friday handed a prison sentence of just over seven years to a former Edward Jones investment adviser who prosecutors said embezzled an elderly client out of about $9.5 million.

  • September 11, 2026

    Kalshi Can Appeal Tribe's Sports Betting Claims, Judge Says

    A Wisconsin federal judge Friday said Kalshi can appeal a ruling allowing claims brought by the Ho-Chunk Nation to proceed, saying that since the issues involved will "certainly" make their way to the U.S. Supreme Court eventually, the Seventh Circuit should consider them now.

  • September 11, 2026

    CVS Renews Bid To Escape Investors' AI Use Suit

    CVS Health Corp. wants a second shot at dismissing a lawsuit accusing it of inflating its revenues through the use of artificial intelligence, arguing investors haven't shown it was using the technology to deny prior authorization requests. 

  • September 11, 2026

    SEC Fines Canadian Firm $750K Over AML Reporting Failures

    A subsidiary of Canadian broker-dealer Haywood Securities Inc. will pay $750,000 to settle the U.S. Securities and Exchange Commission's claims it violated its own anti-money laundering policies by failing to submit certain suspicious activity reports, some of which involved known criminals.

  • September 11, 2026

    Prediction Markets' High Court Clash Looks More Imminent

    The widespread clash over whether the regulation of prediction markets falls under federal or state jurisdiction was bound to land in the U.S. Supreme Court, and a new circuit split and urgent policy questions may force the justices' hands to take up the issue.

  • September 11, 2026

    REIT Defeats Class Claims Over $2.2B Property Impairments

    A California federal judge dismissed a proposed securities class action against Alexandria Real Estate Equities Inc., finding the investors didn't sufficiently allege that the REIT's executives misled them about $2.2 billion worth of property impairments.

Expert Analysis

  • 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.

  • 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.

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