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Securities
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October 31, 2025
Aircraft Co. Investor Wants Vote Blocked On PE-Backed Merger
A shareholder of aircraft lessor Air Lease Corp. has filed a lawsuit seeking to block an upcoming vote on the company's proposed merger with an Ireland-based holding company that he says will unfairly benefit the lessor's board members.
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October 31, 2025
SEC Extends Fee Cap Compliance Dates After DC Circ. Ruling
The U.S. Securities and Exchange Commission on Friday extended the compliance deadlines for new rules that will cap the fees that exchanges can charge investors and allow exchanges to quote stock prices in half-penny increments after the D.C. Circuit rejected calls to overturn the rules.
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October 31, 2025
Bayer Investors Get Final OK For $38M Settlement, Atty Fees
A California federal judge has finalized a $38 million settlement between Germany-based Bayer AG and a class of investors who claim the company deceived them about the litigation risks of acquiring Roundup producer Monsanto, with the lead plaintiffs' attorney saying the deal reaffirmed investors' ability to hold foreign companies responsible for violating U.S. securities laws.
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October 31, 2025
Alphabet Investors Seek Class Cert. In Google Probe Suit
Alphabet Inc. investors have asked a California federal judge to grant class certification in a suit against the Google parent company and its CEO, Sundar Pichai, over an allegedly false statement made to Congress in 2020 about the fairness of ad auctions, arguing it is a "textbook example of a case warranting class action treatment."
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October 31, 2025
Drone Co. Says 'Disgruntled' Ex-VP Tried To Torpedo Funding
A manufacturer of emergency response drones is characterizing a state court lawsuit brought by its former vice president of sales that claims he was shortchanged on pay and commissions as the grumblings of a "disgruntled" ex-employee who allegedly tried to sabotage the company.
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October 31, 2025
Obesity Drugmaker Escapes Clinical Trial Securities Suit
Biopharmaceutical company BioAge Labs Inc. has, for now, escaped a suit alleging investors were hurt by plummeting share prices after the company unexpectedly halted a clinical trial for a weight loss drug, saying that the investors failed to plausibly show the company did not properly disclose risks to the trial.
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October 31, 2025
Execs Settle Real Estate Platform Dispute For $30M
Two directors of Fang Holdings Ltd. and their affiliates reached a settlement ending claims they stripped the Chinese online real estate portal operator of its value for personal gain, agreeing to a $30 million cash payment and share transfer.
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October 31, 2025
FirstEnergy Asks 6th Circ. To Deny Bid For Bribery Probe Info
FirstEnergy Corp. asked the Sixth Circuit to make clear that investors suing it over a billion-dollar bribery scandal aren't entitled to depose its directors, officers and employees about internal investigations undertaken by Jones Day and Squire Patton Boggs.
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October 31, 2025
TXSE Boasts $250M Total Capital After Latest Funding Round
TXSE Group, a company preparing to launch a Texas-based stock exchange similar to the likes of the New York Stock Exchange, revealed Friday it has raised more than $250 million in total capital following its second financing round that welcomed new investor J.P. Morgan.
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October 30, 2025
Feds Rest $25M Crypto Theft Case Against MIT Grads
Manhattan federal prosecutors Thursday rested their case against two MIT-educated brothers accused of leveraging an Ethereum software glitch to fraudulently obtain $25 million in cryptocurrency, signing off with a series of the defendants' Google searches following the alleged theft that referred to famous white collar criminals and their prison terms.
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October 30, 2025
FINRA Fines CIBC $425K Over Flawed Options Reporting
CIBC World Markets Corp. will pay a $425,000 fine to end Financial Industry Regulatory Authority allegations it failed to properly report over-the-counter options positions over 1.4 million times in a six-year period.
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October 30, 2025
PE Fund, Adviser Overvalued Portfolio, Investor Suit Claims
A private equity fund faces a proposed investor class action alleging its net asset value collapsed after it invested heavily in companies that benefited the fund's owners, and falsified their valuations to conceal the "severe underperformance" of these portfolio companies.
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October 30, 2025
GOP Senator Floats Fair Access Bill In 'Debanking' Push
Sen. Thom Tillis, R-N.C., introduced draft legislation Thursday that he says builds on an earlier attempt to prevent banks from blocking conservatives or disfavored industries from opening accounts, proposing the creation of a fair access standard that allows regulators and attorneys general to sue noncompliant banks.
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October 30, 2025
Fiber Optics Co. Agrees To Reforms To End Derivative Suit
Fiber optic equipment company Luna Innovations Inc. has reached a deal with its investors to settle their derivative claims alleging the company was damaged by its failure to properly recognize revenue in its filings with the U.S. Securities and Exchange Commission.
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October 30, 2025
Logan Paul Beats CryptoZoo Investors' Suit, For Now
A Texas federal judge has adopted a magistrate judge's recommendation to dismiss a proposed class action over Logan Paul's CryptoZoo project and rejected Paul's objections to the report and recommendation, even though his arguments would not have impacted the final dismissal result.
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October 30, 2025
Avantor Minimized Competition On Lab Biz, Investor Says
Biotech company Avantor Inc. was hit with a proposed securities class action in Pennsylvania federal court Thursday alleging it misled investors when it minimized the effects of increased competition on its business and operations while touting strong competitive positioning, causing stock prices to plunge when the truth came out.
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October 30, 2025
Meta Says CFPB Has Dropped Biden-Era Advertising Probe
Meta Platforms Inc. said Thursday that the Consumer Financial Protection Bureau has closed an investigation into its finance-related advertising practices, a disclosure that comes a year after the agency signaled it was considering a possible enforcement action.
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October 30, 2025
Conn. Justices Urged To Define 'Written Consent' To Jury Trial
An investment bank and related companies want Connecticut's Supreme Court to restore their $10.4 million win in a fraud suit after an appellate court overturned a bench trial verdict because it said the parties had agreed to present the case to a jury.
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October 30, 2025
NYSDFS Superintendent Returns To Sullivan & Cromwell
Sullivan & Cromwell LLP announced Thursday that the former superintendent of the New York State Department of Financial Services is returning to the firm where she began her legal career.
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October 30, 2025
London Stock Exchange Botched MayStreet Deal, Suit Says
MayStreet Inc.'s co-founder and former CEO sued the London Stock Exchange Group PLC and a few of its subsidiaries Thursday in the Delaware Chancery Court, claiming they lured him into selling the company with false promises of growth and then failed to honor post-closing obligations under the merger contract.
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October 29, 2025
FDIC's Hill To Cite Reform Focus, Experience At Senate Vetting
Acting Federal Deposit Insurance Corp. Chairman Travis Hill plans to kick off his Thursday pitch for U.S. Senate confirmation by stressing priorities that have included sharpening the agency's focus on "material financial risks" and strengthening its readiness to handle major bank failures.
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October 29, 2025
Bank Groups Press 5th Circ. To Rehear OCC In-House Case
Banking industry groups have urged the Fifth Circuit to revisit a panel decision allowing federal regulators to try banking enforcement cases in-house, arguing the ruling was wrong and risks stripping thousands of banks and millions of bankers of their right to a jury trial.
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October 29, 2025
Ex-Staffer For SEC Filings Co. Cops To Insider Trading
A former employee of a vendor that assists public companies with Securities and Exchange Commission filings on Wednesday admitted to using his position to obtain confidential deal information that fueled an insider trading scheme, netting him and a colleague more than $2.2 million in illegal profits.
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October 29, 2025
Link Motion Chair Can't Get Investor's Final Claim Clipped
A New York federal judge agreed Wednesday to cut certain fraud claims by a Link Motion investor against the chair of the China-based software company, while allowing others to proceed over the chair's objections.
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October 29, 2025
Opendoor Investors Ask For Final OK Of Reforms Settlement
Investors of Opendoor Technologies Inc. have asked an Arizona federal judge to give the final OK to a settlement that includes corporate governance reforms and $1.9 million in attorney fees, to end a derivative suit that claimed they were misled about the efficacy of Opendoor's artificial intelligence pricing algorithm used to buy and sell homes.
Expert Analysis
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MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't
As U.S. v. Peraire-Bueno, involving cryptocurrency fraud charges against brothers who graduated from the Massachusetts Institute of Technology, moves forward after surviving a motion to dismiss, the case provides an early example of how the government might use the federal fraud statutes to regulate decentralized networks, say attorneys at ArentFox Schiff.
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Why EpicentRx Ruling Is A Major Win For Business Certainty
The California Supreme Court's recent decision in EpicentRx v. Superior Court removes a significant source of uncertainty that plagued commercial litigation in California by clarifying that forum selection clauses shouldn't be invalidated solely because the selected forum lacks the right to a jury trial, say attorneys at Clark Hill.
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How Sustainability Reporting Changed In The 1st Half Of 2025
Sustainability reporting is evolving rapidly, with fewer S&P 500 companies publishing reports in the first half of 2025 than in the same period last year, suggesting that companies are becoming more selective and intentional about their reporting, say analysts at Orrick.
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9th Circ. Finding That NFTs Are Goods Will Change TM Law
The Ninth Circuit's recent ruling in Yuga Labs v. Ripps establishes that NFTs have real, commercial value under U.S. federal trademark law, a new legal precedent that may significantly influence intellectual property enforcement and marketplace policies regarding digital assets going forward, say attorneys at Wilson Elser.
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Series
Adapting To Private Practice: From Texas AUSA To BigLaw
As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.
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Lessons From Liberty Mutual FCPA Declination
Liberty Mutual’s recent Foreign Corrupt Practices Act resolution with the U.S. Department of Justice signals that the Trump administration is once again considering such declinations after an enforcement pause, offering some assurances for companies regarding the benefits of voluntary self-disclosure, say attorneys at Paul Weiss.
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3 Rulings Show Hurdles To Proving Market Manipulation Fraud
Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.
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Drafting M&A Docs After Delaware Corp. Law Amendments
Attorneys at Greenberg Traurig discuss how the March and June amendments to the Delaware General Corporation Law affect the drafting of corporate and M&A documents, including board resolutions, governing documents, and books and records demands.
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Advice For 1st-Gen Lawyers Entering The Legal Profession
Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.
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Untangling 'Debanking' Exec Order And Ensuing Challenges
President Donald Trump's recent executive order on the practice of closing or refusing to open accounts for high-risk customers has heightened scrutiny on "debanking," but practical steps can help financial institutions reduce the likelihood of becoming involved in investigations, say attorneys at Winston & Strawn.
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Patterns And Trends In Publicly Filed Insider Trading Policies
An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise.
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Series
Coaching Cheerleading Makes Me A Better Lawyer
At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.
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How New Texas Law Targets ESG Proxy Advice
A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell.
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Series
Law School's Missed Lessons: How To Make A Deal
Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.
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11th Circ. Ruling Shows Federal Question Jurisdiction Limits
The Eleventh Circuit's recent decision in AST Science v. Delclaux shows why it is extremely difficult for litigants to maintain a state law cause of action in federal court under Supreme Court precedent, says Paul Avron at Berger Singerman.