Securities

  • August 03, 2026

    Dems Urge CFTC To 'Rein In' Wildfire Prediction Markets

    Democratic senators led by Oregon's Jeff Merkley on Monday called on the U.S. Commodity Futures Trading Commission to "rein in" prediction markets speculating on wildfires.

  • August 03, 2026

    FBI Agent Says He Stole $1M In Crypto, Turns Himself In, Feds Say

    An FBI agent who says he stole nearly $1 million in cryptocurrency from overseas targets self-reported his conduct because it was "eating him up" and has been charged with the interstate transport of stolen goods and receipt of stolen goods, according to an affidavit unsealed in Virginia federal court Monday.

  • August 03, 2026

    10th Circ. Denies Challenge To SEC's AML Enforcement Power

    The Tenth Circuit on Friday upheld the dismissal of Scottsdale Capital Advisors' lawsuit accusing the U.S. Securities and Exchange Commission of unlawfully enforcing federal anti-money laundering reporting requirements against its affiliate, determining that the enforcement action could not be challenged under the Administrative Procedure Act.

  • August 03, 2026

    Fintech Dakota Seeks OCC Trust Charter For Stablecoin Biz

    Stablecoin infrastructure firm Dakota said Monday it's pursuing federal oversight of its business with an application for a national trust charter, which was prepared by Paul Hastings LLP.

  • August 03, 2026

    Cleary Adds Litigators From White & Case, Orrick

    Cleary Gottlieb Steen & Hamilton LLP said Monday that it has added two partners to its litigation practice in Washington, D.C., and California, one from White & Case LLP and the other from Orrick Herrington & Sutcliffe LLP.

  • August 03, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving merger litigation, insider trading allegations, books and records demands, advancement proceedings, fiduciary duties, public benefit corporations and more.

  • August 03, 2026

    UBS Fined $125M For Anti-Money Laundering Failures

    UBS' brokerage arm on Monday admitted to willfully violating the Bank Secrecy Act by failing to monitor its customers' foreign currency transactions, entering into a "historic" $125 million agreement with the Financial Crimes Enforcement Network, as well as several other regulators.

  • July 31, 2026

    Law360 Names 2026's Top Attorneys Under 40

    Law360 is pleased to announce the Rising Stars of 2026, our list of more than 160 attorneys under 40 whose legal accomplishments belie their age.

  • July 31, 2026

    Goldman Jury Sees Cash Talk In Energy Deal Email Deluge

    Jurors weighing the fate of an ex-Goldman Sachs banker accused of coordinating a plan to bribe a client's way to a lucrative energy deal Friday saw a slew of payoff banter in his emails that prosecutors say show a pipeline of dirty money flowing from Turkey to a wide variety of government officials and agencies in Ghana.

  • July 31, 2026

    SwervePay Sellers Awarded $120M In Merger Fraud Suit

    The Delaware Chancery Court on Friday awarded more than $120 million to sellers of former e-payment facilitator SwervePay who claimed buyers duped them into a merger by overstating payment volumes by the tens of billions, saying the buyers' intent to induce the sellers into the fraudulent transaction was "plain as day."

  • July 31, 2026

    Fed Pitches New Rules On Loans To Bank 'Insiders'

    The Federal Reserve Board on Friday proposed updates to its rule limiting the loans a bank can offer its executives, board members and major shareholders who could influence the bank's lending decisions, saying the updates to outdated monetary thresholds aim to help community bank leaders.

  • July 31, 2026

    FirstBank Denies Complicit Ties In Epstein Survivor's Suit

    FirstBank Puerto Rico pushed back Thursday on proposed class claims it was complicit in Jeffrey Epstein's crimes by serving as his "longest" running banking partner, saying in New York federal court it only provided the late sex offender "routine banking services" and did not have any knowledge of his sex trafficking operations.

  • July 31, 2026

    SEC Puts Brakes On New Nasdaq Delisting Standard

    The U.S. Securities and Exchange Commission has temporarily prevented Nasdaq from implementing new delisting standards that could boot dozens of small companies off the exchange while it hears an appeal from a coalition of affected businesses.

  • July 31, 2026

    Amazon Misled Buyers On Seafood Sustainability, Suit Claims

    Shoppers accused Amazon on Friday of overstating the sustainability of seafood sold under its Whole Foods Market brand and others, claiming in a proposed class action that the company uses "unqualified, unsupported, and at times untrue environmental and ecological representations" to trick buyers into paying more for the products.

  • July 31, 2026

    CFTC Fines George Santos Over Prediction Market Trades

    The U.S. Commodity Futures Trading Commission ordered convicted former U.S. Rep. George Santos to pay $35,000 to settle claims he manipulated a prediction market on whether he would attend the 2026 State of the Union address.

  • July 31, 2026

    AI Drugmaker Investors Seek Final OK For $9.75M Fraud Deal

    A class of investors in the artificial intelligence-driven drugmaker BioXcel Therapeutics Inc. has moved for final approval of a $9.75 million settlement to resolve claims that the stock price plunged after the company's late disclosure of compliance problems with a clinical trial for an Alzheimer's drug, and class counsel is seeking around 25%.

  • July 31, 2026

    Musk Wants 9th Circ. To Weigh Twitter Investor Trial Loss

    Elon Musk wants the Ninth Circuit to review two orders entered in a securities case in California federal court accusing him of defrauding Twitter shareholders, according to a notice of appeal.

  • July 31, 2026

    FinCEN's Gacki To Join Citi As Global Head Of Sanctions

    Andrea Gacki, director of the Treasury Department's Financial Crimes Enforcement Network, will join Citigroup this October as the bank's global head of sanctions, after more than 25 years of service in the departments of Justice and Treasury.

  • July 31, 2026

    3 Firms Steer TMX Group's $2.3B US Exchange Combo Deal

    Toronto Stock Exchange operator TMX Group has agreed to take a controlling stake in MEMX and combine the U.S. exchange operator with options market BOX, in a deal that values the combined business at about $2.3 billion. 

  • July 31, 2026

    Insulet Urges Full Fed. Circ. To Revive $59M Trade Secret Win

    Insulin product developer Insulet Corp. has asked the full Federal Circuit to hear its arguments for reinstating a jury's $59.4 million trade secret theft verdict against EOFlow Co. Ltd., saying a split panel decision overturning the award reached a timeliness issue that was not mentioned by either party.

  • July 31, 2026

    Taxation With Representation: Latham, Matheson, S&C, Weil

    In this week's Taxation With Representation, DCC Energy PLC backs a takeover offer from investment firm KKR and Energy Capital Partners, the parent company of the New York Stock Exchange acquires MarketAxess Holdings Inc., and Grant Thornton Advisors LLC buys professional services adviser CBIZ Inc.

  • July 31, 2026

    Energy Co. Hid Reliance On Chinese Raw Materials, Suit Says

    Bloom Energy Corp. has been hit with a proposed class action in California federal court alleging the renewable energy company and its top brass misled shareholders by understating the extent to which it depended on Chinese scandium, a critical raw material used in its fuel cells.

  • July 31, 2026

    SEC Says NY Adviser Owes $489K For Overbilling Clients

    The U.S. Securities and Exchange Commission on Friday secured a nearly $500,000 agreement with a New York-based investment adviser that it says overcharged clients by failing to discount certain referral fees.

  • July 31, 2026

    NY Takes Aim At Kalshi's 'Illegal Gambling Operation'

    New York sued Kalshi in state court early Friday, alleging that the prediction market giant is running a vast "illegal gambling operation" by allowing customers to trade on the outcomes of events across sports, politics and culture.

  • July 31, 2026

    ITV Launches £100M Buyback After Securing £1.6B Sale Deal

    ITV PLC kicked off a share buyback program worth up to £100 million ($134 million) on Friday after it agreed earlier in July to sell its broadcast and streaming division to Sky Group for as much as £1.6 billion.

Expert Analysis

  • Insider Trading Safeguards Can Mitigate Sports Betting Risk

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    As the rapid growth of sports betting heightens the risk that sensitive information held by coaches, players and staff may be improperly exploited, sports organizations can look to the securities context to safeguard information and address potential misconduct, say attorneys at Patterson Belknap.

  • Bet On Prediction Market Regulation To Accelerate

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    Watershed developments concerning prediction markets — such as the first insider trading charges, major speeches from U.S. Commodity Futures Trading Commission leadership, and the introduction of rulemaking and legislation — dominated the first quarter of 2026, a trend that will likely continue throughout the rest of the year, say attorneys at K&L Gates.

  • New Risks Emerge As States Push Proxy Voting Legislation

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    Recent state proxy voting laws have increasingly emphasized financial returns while intensifying scrutiny of proxy advisory firms and stewardship practices, creating new compliance challenges and risks, according to attorneys at Morgan Lewis.

  • Framing Membership Filings To Anticipate FINRA's Concerns

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    Recent updates to the Financial Industry Regulatory Authority’s membership application program should remind firm management to treat the filing process not as a compliance chore, but as a test of operational and regulatory readiness where they can anticipate and address FINRA's concerns, says Andrew Mount at Eversheds Sutherland.

  • Ruling Shows How Texas Law Altered Derivative Suit Outlook

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    In the first test of S.B. 29's new ownership threshold requirement for shareholder actions, a Texas federal court recently dismissed Gusinsky v. Reynolds, a derivative action brought by a minority Southwest Airlines shareholder, offering key guidance for navigating the new Texas corporate litigation landscape, say attorneys at DLA Piper.

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Assessing The 9th Circ.'s Recent Stock Drop Dismissal Trend

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    The recent decision in Nova Scotia Health Employees' Pension Plan v. Comerica is an important circuit-level addition to the growing trend of Ninth Circuit securities class action dismissals on loss causation grounds, which have used a contextual analysis premised on stock drops that are modest, typical and short-lived, say attorneys at Paul Weiss.

  • How Data Center Accounting May Draw Enforcement Scrutiny

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    As public and media scrutiny of the data center industry intensifies, regulators, enforcement authorities and Congress will likely focus on accounting judgments that rely on aggressive assumptions, opaque financing structures or rapidly evolving collateral classes, heightening the risk of investigations and inquiries, say attorneys at King & Spalding.

  • 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.

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