Securities

  • August 03, 2026

    Five Below Investors Win Class Cert. In Growth Potential Suit

    A Pennsylvania federal judge on Monday certified an investor class action alleging Five Below and its executives overstated the company's growth prospects and its ability to curb inventory loss, finding the defendants did not rebut the presumption of reliance on the alleged misrepresentations.

  • August 03, 2026

    Vestis Gets Investor Suit Over Operational Issues Trimmed

    A New York federal judge has trimmed several claims from a proposed securities class action against uniform and workplace supplier Vestis Corp. that alleges the company failed to disclose the operational and customer service issues it was facing.

  • August 03, 2026

    OCC Seeks To Loosen Rules On Sharing Supervisory Data

    The Office of the Comptroller of the Currency on Monday proposed loosening its rules governing how financial institutions can disclose confidential agency information, such as information about enforcement and examinations, to affiliates, service providers and potential acquirers.

  • August 03, 2026

    Nvidia Brass Face Suit Over AI Training Using Pirated Works

    Nvidia's leadership faces a shareholder suit in Illinois federal court alleging they oversaw the development and training of the company's artificial intelligence models using pirated works, including copyrighted books, videos and human speech recordings.

  • August 03, 2026

    SpaceX Investor Seeks OK Of Award In K5 Global Feud

    An investment vehicle tied to the founder of Forte Capital Group urged a California judge on Monday to enforce a $14.6 million arbitral award issued against K5 Global, a venture capital firm, from improperly trying to boot it from a SpaceX-focused fund.

  • 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.

Expert Analysis

  • Del. Dispatch: The Hurdles To Early Fraud Claim Dismissal

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    Particularly where the alleged facts may suggest potentially blatant or egregious misconduct, the pleading-stage standards highlighted in the Delaware Court of Chancery's recent decision in Diem v. Maisonette provide a ready route for the nondismissal of claims before a trial, say attorneys at Fried Frank.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • AI Investment Advice May Fail Investor Protection Rules

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    Based on an ongoing study of artificial intelligence platforms' investment advice given to retail investors, direct access to AI may not yield recommendations for typical households that are suitable under relevant securities rules, raising new and important issues in the regulation of financial markets, says Bruce Carlin at Rice University.

  • Startup Founder Disputes Increasingly Turn On Governance

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    Recent Delaware developments suggest that as courts place increasing emphasis on board process, independence and oversight in founder-led startups, the growing intersection of governance, technology risk and investor oversight is accelerating both the emergence and escalation of founder disputes, says mediator Frank Burke.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • 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.

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