Securities

  • September 17, 2026

    Alteryx Stockholders' 'Cleansing' Vote Dooms $4.4B Sale Suit

    The Delaware Chancery Court has dismissed a stockholder suit challenging the $4.4 billion sale of analytics software company Alteryx Inc. to private equity firms Insight Venture Management LLC and Clearlake Capital Group LP, finding that an overwhelming stockholder vote approving the deal wiped out the investors' fiduciary duty claims.

  • September 17, 2026

    StraightPath-Linked Stockbroker Gets 4.5 Years For Fraud

    A New York federal judge has sentenced a former Long Island stockbroker to 4.5 years in prison, after he admitted to duping investors as he and others hawked nearly $200 million of pre-initial public offering shares, including for fraud-ridden vendor StraightPath.

  • September 17, 2026

    For Single-Party FTC, Easier Suits May Come With A Cost

    The Federal Trade Commission has ditched its historical multimember, multiparty ethos for a one-party regime in which fewer dissents might make it easier for Chairman Andrew Ferguson to pursue his agenda, but it also forecloses the potential "moderating influence" that comes with winning broad buy-in from commissioners of two parties.

  • September 17, 2026

    SEC Issues Innovation Exemption For Tokenized Stock Trading

    The U.S. Securities and Exchange Commission on Thursday unveiled its long-awaited innovation exemption, permitting certain crypto projects and liquidity providers to support tokenized stock trading for a five-year period without registering as exchanges or dealers.

  • September 16, 2026

    Fecal Testing Startup Founders Reach $250K Deal With SEC

    Two founders of a now-shuttered fecal testing startup have agreed to pay $125,000 each to put to rest the U.S. Securities and Exchange Commission's allegations that they used a fraudulent insurance billing scheme to get $60 million from investors, according to an announcement made Wednesday.

  • September 16, 2026

    Grocery Outlet Escapes Investor Suit Over IT Update Risks

    A California federal judge on Wednesday tossed an investor's proposed class action accusing Grocery Outlet Holding Corp. of botching the implementation of an enterprise resource planning system that caused disruptions and financial losses, saying the suit does not show the company's disclosures were misleading or deficient.

  • September 16, 2026

    CFTC Probing Carbon Credit Markets, Enforcement Chief Says

    U.S. Commodity Futures Trading Commission Enforcement Director David Miller said Wednesday that the division is investigating carbon credit markets as part of his agency's commitment to policing fraud in emerging markets.

  • September 16, 2026

    FTX Exec's Wife Headed For Spring Campaign Finance Trial

    A Manhattan federal judge on Wednesday set a new trial date for a crypto-lobbyist/attorney turned Republican congressional candidate who's accused of plotting with her husband, jailed former FTX executive Ryan Salame, to take illegal campaign cash from the bankrupt exchange.

  • September 16, 2026

    State Bank Supervisor Group Issues AI Exam Framework

    The Conference of State Bank Supervisors on Wednesday unveiled a new oversight framework for artificial intelligence at financial firms, rolling out resources aimed at giving state examiners a common roadmap for reviewing how their regulated institutions are deploying the technology.

  • September 16, 2026

    Fla. Panel Revives Suit Claiming Soccer Club Investment Lies

    A Florida state appellate court on Wednesday revived an investor's lawsuit alleging he was misled into contributing $2 million to a digital technology company after believing it would serve as a vehicle to purchase an English professional soccer team, saying his fraudulent inducement-related claims were dismissed too quickly.

  • September 16, 2026

    Muscular Dystrophy Drug Co. Beats Investor Suit Over Risks

    A Massachusetts federal judge denied investors another chance to rework their suit accusing Sarepta Therapeutics and its executives of misleading the market about the safety and efficacy of their muscular dystrophy treatments, saying it fails to show they knew about issues with the products and trials when they made certain statements.

  • September 16, 2026

    SEC Floats Eliminating Shareholder Proposal Rule

    The U.S. Securities and Exchange Commission on Wednesday proposed a number of changes to the way publicly traded companies seek shareholder input, including by promising to eliminate one of the pathways shareholders can use to place their own proposals on corporate ballots. 

  • September 16, 2026

    SEC Fines Ex-Okta Employees In Insider Trading Case

    Two former Okta sales managers have reached settlements with the U.S. Securities and Exchange Commission to resolve claims that they traded Okta stock on insider information before the company announced that its financial plan for the year needed adjustment.

  • September 16, 2026

    Vanguard Trims But Can't Shake Users' Data Tracking Suit

    A Pennsylvania federal judge tossed federal wiretapping and California invasion of privacy claims brought against investment management company Vanguard in a user class action over third-party tracking and sharing of data, but allowed the plaintiffs to amend the suit while keeping a state-based wiretapping claim alive. 

  • September 16, 2026

    Michael Best Combines With NY-Based Kane Kessler

    Michael Best & Friedrich LLP announced Wednesday that it is combining with New York-based firm Kane Kessler PC, adding 36 attorneys and a Big Apple presence to a firm that ranked 143rd on Law360's list of the nation's largest law firms.

  • September 16, 2026

    Xonar Wins Del. Chancery Fight Over Ex-Director's Ouster

    The Delaware Chancery Court has ruled that security screening company Xonar properly removed a member of its board, finding stockholder consent that the company later obtained could be combined with earlier votes to establish the required majority.

  • September 15, 2026

    Ashurst Perkins Aided $230M ICap Ponzi Scheme, Suit Claims

    Ashurst Perkins Coie pocketed millions of dollars in legal fees by providing services to clients it knew were operating a Ponzi scheme that ultimately swindled investors out of nearly $230 million, plaintiffs claimed in a Washington state lawsuit accusing the firm of aiding and abetting fraud.

  • September 15, 2026

    Ex-Fintech CEO Must Face Investors' Market Manipulation Suit

    A New Jersey federal judge has ruled the former CEO of Future FinTech Group must face investor claims that he manipulated the company's share price to create an illusion of market demand after the company's failed reinvention from selling fruit juice to blockchain e-commerce.

  • September 15, 2026

    Chinese Search Engine Co. Overstated AI Value, Investor Says

    China-based search engine operator Baidu Inc. was hit with an investor's proposed class action accusing the company of misleading investors about the extent to which its AI offerings would compensate for the losses in its marketing services segment.

  • September 15, 2026

    Susquehanna Denied Injunction In $155M Insider Trading Suit

    A New York federal judge has denied market maker Susquehanna Securities' bid to freeze the accounts of 40 traders the firm alleges participated in a $155 million insider trading scheme, saying Susquehanna has not proven that the trading activity is linked to insider knowledge about a Chinese government crackdown.

  • September 15, 2026

    Dems Block Crypto Bill Over Ethics Concerns

    The Senate on Tuesday failed to clear a procedural hurdle for the Clarity Act, which was primed to be the first comprehensive federal regulatory framework for digital asset markets, as Democrats said the ethics guardrails were not strong enough.

  • September 15, 2026

    Burger King Owner Inks $18M Deal In Suit Over $1B Buyout

    Burger King and Popeyes owner Restaurant Brands International Inc. has reached an $18.2 million deal with shareholders who say they were "materially uninformed" about the true value of the company's 2024 $1 billion buyout of fast food franchisee Carrols Restaurant Group Inc.

  • September 15, 2026

    Molina Escapes Investor Action Over Guidance Cuts, For Now

    Health insurance provider Molina Healthcare and two of its executives have, for now, escaped a shareholder suit accusing them of misleading investors about medical costs and internal controls before the company repeatedly slashed its 2025 earnings guidance, with a California federal judge finding that none of the suit's challenged statements are actionable.

  • September 15, 2026

    Nixon Peabody Hires Ex-SEC Commissioner Stein In DC

    Nixon Peabody LLP has hired former U.S. Securities and Exchange Commission commissioner Kara Stein, who for the past four years has worked as a board member with the Public Company Accounting Oversight Board, the firm announced Tuesday.

  • September 15, 2026

    Michael Best Beats DQ Bid In Agtech Biz Receivership Row

    A Delaware Chancery Court magistrate has denied a bid to bar a Michael Best & Friedrich LLP attorney from representing HerdDogg Inc. in litigation filed by its founder seeking to place the agricultural technology company into receivership, saying the founder hasn't shown a conflict exists to warrant disqualification.

Expert Analysis

  • Inside SEC Crypto Vault Statement's Securities Law Warning

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    Although the U.S. Securities and Exchange Commission's posture toward crypto products and activities has been more favorable under the current administration, Commissioner Hester Peirce's recent statement on crypto vaults highlights why that posture does not eliminate the need for careful securities law analysis, say attorneys at Skadden.

  • 3 Private Suits Test Influencer Ads As FTC Stays On Sidelines

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    Three lawsuits filed so far this year illustrate how influencer campaigns are facing growing scrutiny from private plaintiffs, despite the Federal Trade Commission not bringing an influencer marketing enforcement action since revising its endorsement guides to address the topic in 2023, but brands can take concrete steps to reduce the risks, says Gonzalo Mon at Kelley Drye.

  • 3 Upcoming Deadlines That EB-5 Investors Should Consider

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    Potential EB-5 regional center investors should weigh three approaching deadlines, the most immediate of which is Sept. 30, that may affect their filing strategy, required capital commitment and ability to participate even if Congress fails to reauthorize the program, says Michael Ashoori at Ashoori Law.

  • AI, Prediction Markets Lead Securities Developments In 2026

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    Securities class actions tied to artificial intelligence and the battle over prediction market regulation both raise novel questions that courts are only beginning to address and that will continue to resonate throughout the second half of the year, say attorneys at Skadden.

  • Community Bank Order Signals Fintech Partnership Scrutiny

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    The Office of the Comptroller of the Currency's recent consent order against Community Federal Savings Bank for deficiencies in its Bank Secrecy Act and anti-money laundering compliance programs offers clear and urgent lessons for community banks pursuing revenue growth through fintech partnerships and payments services, say attorneys at Bradley.

  • Where Is The Line On Actionable Comms In Securities Cases?

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    Recent securities cases demonstrate the difficulty in discerning a clear difference between statements made in connection with the purchase or sale of securities and those that aren't, with that line more likely attributable to individualized factual situations than to any doctrinal differences of opinion between various courts, says Samuel Groner at Fried Frank.

  • NJ Supreme Court Ruling Exposes D&O Gaps For PE Boards

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    The New Jersey Supreme Court's recent decision in Mist Pharmaceuticals v. Berkley Insurance, barring directors and officers coverage, serves as a cautionary tale for private equity executives serving in overlapping roles at sponsor and portfolio companies, say attorneys at Reed Smith.

  • China's New Outbound Investment Rule Reshapes Deal Risk

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    China's new outbound investment regulation introduces broad national security review and penalties, including personal liability, that will necessitate deeper diligence of cross-border deal participants with Chinese ties, earlier regulatory planning and closer attention to sanctions exposure, say attorneys at Freshfields.

  • Tips For Issuers Left In Lurch Without Genius Act Final Rules

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    The compliance runway envisioned by the Genius Act is steadily shrinking after regulators failed to finalize all the required implementing regulations by July 18, so stablecoin issuers should begin implementing "no-regrets" compliance measures and securing outside vendors before the law takes full effect in January, says David Zaslowsky at Baker McKenzie.

  • Why Courts Are Pushing Back On Greenwashing Laws

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    Recent Fourth Circuit and California federal court decisions blocking state greenwashing statutes on First Amendment grounds reveal a tension at the heart of environmental marketing regulation — while states want clarity, courts aren't prepared to let legislatures flatly ban categories of truthful commercial speech, say attorneys at DLA Piper.

  • 3 Ways Tokenization Is Moving To Traditional Finance

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    Recent initiatives reflect efforts to integrate distributed ledger technology into existing regulatory frameworks for securities, banking and payments settlements while preserving the underlying rights and obligations of market participants, say attorneys at Hughes Hubbard.

  • Assessing The Benefits Of Fla.'s Newest Business Structure

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    As of July 1, Florida business owners can create protected series LLCs to shield assets from liability while avoiding increased costs and wasted time, but burdensome recordkeeping obligations are crucial to maintaining the very protection that makes them attractive in the first place, says Gregory Ritter at Moritt Hock.

  • Series

    Teaching SEC Investigations Makes Me A Better Lawyer

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    Instructing a law school course on U.S. Securities and Exchange Commission investigations has made me a more thoughtful, deliberate practitioner because it requires me to continually reassess and challenge what I know about securities law enforcement, how I know it and how best to explain it, says David Chase at Miami Law.

  • Employer Lessons From Apple Ruling Resolving OT Question

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    In Costa v. Apple, a California federal court recently handed employers a win on a previously unresolved wage and hour question, offering a reminder that favorable outcomes on novel issues often hinge on the specific facts of a company's own program and compliance efforts, say attorneys at Foley & Lardner.

  • What's Inside Proposed, Expanded NY Stablecoin Regulations

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    New York's recently proposed regulations for payment stablecoin issuers would, if adopted, increase the regulatory burdens of a state license, and midsize issuers considering a conversion to a federal charter should weigh the associated costs of both options, say attorneys at Lowenstein Sandler.

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