Securities

  • December 10, 2025

    NJ Law Firm Accused Of Botching Investor Fraud Recovery

    New Jersey firm Beattie Padovano LLC has been sued in state court by a man accusing it of legal malpractice that led to his inability to reclaim nearly $800,000 he says he lost in an investor fraud scheme perpetuated by former frequent CNBC guest James Arthur McDonald Jr.

  • December 10, 2025

    Justices Go Over 'Close' Case On Fund Contract Disputes

    The U.S. Supreme Court on Wednesday waffled over whether there was a private right to sue to void contracts that allegedly violate the Investment Company Act, with Justice Brett Kavanaugh saying that a decision on the case involving an activist investor's voting rights would be "extremely close."

  • December 10, 2025

    Magistrate Backs FinCEN Rules In All-Cash Real Estate Deals

    A magistrate judge in Florida federal court rejected arguments from a title insurance company in upholding a U.S. Department of Treasury rule establishing new reporting requirements for all-cash residential real estate transactions as a means of combating financial crime.

  • December 10, 2025

    OCC Review Flags Big Banks For Debanking Policies

    A top U.S. banking regulator said Wednesday that some of the nation's largest banks improperly restricted services to industries including adult entertainment and oil drilling, according to preliminary findings from a White House-commissioned debanking review.

  • December 09, 2025

    OCC Says Banks Can Transact In Crypto As Intermediaries

    The Office of the Comptroller of the Currency said Tuesday that banks under its oversight may buy and sell digital assets for customers as "riskless principals," clearing this broker-stye activity as an extension of established banking practices.

  • December 09, 2025

    Ad Analytics Co.'s Brass Face Investor Suit Over Bot Traffic

    Current and former officers and directors of digital advertisement measurement services DoubleVerify Holdings Inc. kept the company from disclosing artificial intelligence-driven industry shifts that hurt its bottom line, including the company's own failures to detect increasingly sophisticated bot traffic, a shareholder derivative action alleges.

  • December 09, 2025

    Tyson Seeks Del. Toss Of Suit For Poultry Growing Docs

    An attorney for a Tyson Foods Inc. stockholder told a Delaware magistrate in Chancery on Monday that records and sources spanning years support allegations of mismanagement and animal abuse and cruelty in poultry production, justifying wider document access.

  • December 09, 2025

    Conn. Barred From Taking Action Against Kalshi For Now

    A Connecticut federal judge has ordered the state to refrain from taking enforcement action against KalshiEX LLC, while the derivatives exchange's preliminary injunction motion is pending, in a suit seeking to prevent the Connecticut Department of Consumer Protection from directing Kalshi to cease operations within the state.

  • December 09, 2025

    AmTrust Says Insurer Must Cover Securities Suit Losses

    A British insurance company wrongfully denied excess directors and officers coverage for underlying securities fraud litigation, AmTrust says in a suit filed in New York federal court Monday, saying the insurer must provide coverage since its primary policy and other excess policies have already been exhausted.

  • December 09, 2025

    Mobile Game Maker, Investors Get Final OK For $6.5M Deal

    Mobile game developer Playstudios Inc. and its investors have gotten a final nod for their $6.5 million settlement of claims the company failed to disclose issues with a game it projected would be lucrative as it prepared to go public via merger with a special purpose acquisition company.

  • December 09, 2025

    FINRA Flags GenAI Risks In Annual Oversight Report

    The Financial Industry Regulatory Authority said in a Tuesday report that firms "may want to consider" developing supervisory processes covering generative AI at an enterprise level, as well as steps to mitigate associated risks such as inaccuracy and bias.

  • December 09, 2025

    Ex-Oil Trader Gets 15 Months, Avoids FCPA Forfeiture For Now

    A former Connecticut oil trader convicted of violating the Foreign Corrupt Practices Act by laundering money and bribing officials at Brazilian oil giant Petróleo Brasileiro SA on Tuesday was sentenced to 15 months behind bars plus a $300,000 fine, avoiding for now a potential $7.8 million forfeiture order.

  • December 09, 2025

    Cummins Investors Ink $1.6M Deal Over Emissions Fraud Suit

    Engine manufacturer Cummins Inc. and its investors asked an Indiana federal court to approve a $1.6 million deal that will end claims that the company hurt investors by hiding emissions control devices in certain engines, causing it to owe $2 billion in payments to regulators to settle Clean Air Act claims.

  • December 09, 2025

    FTX Customers Seek Final OK For $10M Deal With Silvergate

    Customers of failed crypto exchange FTX asked a California federal judge to give final approval to a $10 million settlement resolving claims that Silvergate Bank and its parent company enabled the multibillion-dollar FTX fraud, saying the deal represents the best, and likely only, meaningful recovery available from the now-bankrupt lender.

  • December 09, 2025

    Starbucks Loses Bid For Second Look At 'Triple Shot' Ruling

    Starbucks can't get a Seattle federal judge to revise his order allowing a proposed investor class action over its "Triple Shot" reinvention plan to proceed, with the judge saying a recent Ninth Circuit decision on an investor suit over an ad slogan does not change his position.

  • December 09, 2025

    Del. Justices Uphold Contract Bar On CityMD Merger Claims

    The Delaware Supreme Court Tuesday affirmed the Chancery Court's dismissal of minority investors' claims tied to the 2023 merger of urgent care operator CityMD and Summit Health with Walgreens-controlled VillageMD, siding with private equity group Warburg Pincus and holding that the dispute is governed by contract rather than fiduciary-duty principles.

  • December 09, 2025

    Medical Appliance Co. Seeks Coverage For SEC Investigation

    A Connecticut-based medical device technology company told a federal court that its insurer wrongfully denied coverage for an investigation by the Securities and Exchange Commission, alleging in a new lawsuit that the federal government's inquiry into the company's insured members triggered its directors and officers policy. 

  • December 09, 2025

    Tribes, Gaming Groups Challenge Kalshi's NY Gaming Lawsuit

    A slew of tribal gaming associations are backing the New York State Gaming Commission in a dispute with Kalshi over state gaming laws, arguing that the trading platform has unfairly entered the market to the detriment of Indigenous nations' revenue and bargained compacts.

  • December 09, 2025

    Sens. Eye Final Stretch To Wrap Crypto Market Structure Bill

    Sen. Cynthia Lummis, R-Wyo., said Tuesday that she's hoping to share a draft of a crypto market structure bill by the end of the week, but she may have to "cajole the White House" on ethics language and the appointment of Democrats to federal derivatives and securities agencies to get the bill across the finish line.

  • December 08, 2025

    OCC's Gould Responds To Crypto Trust Charter Concerns

    The head of the Office of the Comptroller of the Currency on Monday expressed skepticism of banking industry concerns surrounding cryptocurrency trust charter applications, asserting in a speech that "innovation, competition, and fair access should always triumph over regulatory stagnation."

  • December 08, 2025

    Trump SPAC's Ex-CEO Seeks $50K Daily Sanctions In Fee Row

    A former CEO of Donald Trump-tied blank check company Digital World Acquisition Corp. has urged the Delaware Chancery Court to impose a $50,000-per-day sanction against the company for allegedly "throwing a tantrum" and refusing to pay roughly $2 million of a $2.9 million and growing legal fee advancement order in connection with litigation in Florida.

  • December 08, 2025

    Uranium Tech Investors Get Class Cert., Beat Dismissal Bid

    Investors in uranium enrichment company ASP Isotopes Inc. have secured class certification and defeated most of the company's dismissal arguments in a suit claiming ASPI misrepresented the capabilities of its "Quantum Enrichment" technology, which led to a stock price drop when the truth was revealed.

  • December 08, 2025

    Forescout Investors Get Final OK For $45M Deal, Atty Fees

    Investors in cybersecurity company Forescout have gotten a final nod for their $45 million deal ending claims over an acquisition deal that was scuttled in 2020.

  • December 08, 2025

    Conservative Justices Probe 'Husk' Of FTC Firing Protections

    The U.S. Supreme Court's conservative majority pushed back Monday against the 90-year-old precedent permitting the removal only for cause of Federal Trade Commission members, and perhaps those serving other independent agencies, calling those safeguards a "dried husk" and wondering where to draw the line for protected agencies.

  • December 08, 2025

    SEC Nabs $7M Fraud Judgment Against Titanium Blockchain

    The U.S. Securities and Exchange Commission has secured a more than $7 million final judgment against Titanium Blockchain Infrastructure Services Inc. in a securities fraud suit, more than three years after the founder and CEO of the purported cryptocurrency investment platform pled guilty to his involvement in a related $21 million initial coin offering scheme.

Expert Analysis

  • Series

    The Biz Court Digest: Welcome To Miami

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    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • Identifying And Resolving Conflicts Among Class Members

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    As the Fifth Circuit's recent decision in Nova Scotia Health Employees' Pension Plan v. McDermott International illustrates, intraclass conflicts can determine the fate of a class action — and such conflicts can be surprisingly difficult to identify, says Andrew Faisman at the U.S. District Court for the Southern District of New York.

  • Recent Proposals May Spell Supervision Overhaul For Banks

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    A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.

  • What US Can Learn From Brazil's Securities Arbitration Model

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    To allay investor concerns about its recent approval of mandatory arbitration clauses in public company registration statements, the U.S. Securities and Exchange Commission should look to Brazil's securities arbitration model, which shows that clear rules and strong institutions can complement the goals of securities regulation, say arbiters at the B3 Arbitration Chamber.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

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    Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • How Bank-Fintech Partnerships Changed In 2025

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    The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.

  • 2 Early Settlement Alternatives In Federal Securities Litigation

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    Most class actions brought under the federal securities laws are either settled or won by the defendants following a motion to dismiss, but two alternative strategies have the potential to lower discovery costs and allow defendants to obtain judgment without the uncertainty of jury trials on complex matters, says Richard Zelichov at DLA Piper.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright

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    The recent denial of a challenge to invalidate 2024 amendments to the U.S. Securities and Exchange Commission's tick size and fee-cap rules reinforces the D.C. Circuit's deference to SEC expertise in market structure regulation, even after Loper Bright, though implementation of the rules remains uncertain, say attorneys at Sidley.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • Class Actions At The Circuit Courts: December Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses recent rulings and identifies practice tips from cases involving securities, takings, automobile insurance, and wage and hour claims.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Why Digital Asset Treasuries Are Drawing Regulator Concerns

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    Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.

  • SEC Penalties Trended Down In FY 2025, Offering 2026 Clues

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    The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.

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