Securities

  • August 24, 2026

    Sports Media Co. CEO Will Pay $250K To End SEC Fraud Suit

    Icaro Media Group's CEO has agreed to pay $250,000 to the U.S. Securities and Exchange Commission to resolve claims that he used the company to fraudulently raise $22 million from investors through a false narrative about the planned launch of a sports media smartphone application.

  • August 24, 2026

    GoDaddy's Hidden Discount Strategy Hurt Investors, Suit Says

    GoDaddy and its top executives have been hit with a proposed shareholder class action alleging they failed to tell investors that the company introduced a discounted promotional price for its one-year dotcom domain contracts to attract new customers, and that the program was slowing total bookings and revenue growth.

  • August 24, 2026

    Kalshi Fights To Keep NY Betting Case In Federal Court

    Prediction market giant Kalshi is fighting to keep New York's suit targeting its sports event contracts in federal court, punching back at the state's contention that those offerings should be subjected to state-level gambling regulations.

  • August 24, 2026

    Battery-Maker Investor Sues Brass Over $200M DOE Grant

    A Microvast Holdings Inc. stockholder has sued the battery-maker's current and former directors and executives in the Delaware Chancery Court, alleging they breached their fiduciary duties by misleading investors about a $200 million federal grant and the progress of a Tennessee manufacturing plant.

  • August 24, 2026

    A&O Shearman Adds M&A Pro As Partner In Texas From MoFo

    Allen Overy Shearman Sterling announced Monday that it has strengthened its transactional capabilities with an Austin-based partner who came aboard from Morrison Foerster LLP.

  • August 24, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week saw a wave of lawsuits involving corporate oversight, take-private deals, financing transactions, bankruptcy fallout, stockholder voting rights and disputes over control.

  • August 24, 2026

    Feds Seek Early End To Commodities Firm Bribery Case DPA

    Federal prosecutors have moved to release a Connecticut-based commodities firm from a deferred prosecution agreement nearly four months early, telling a judge Monday that Freepoint Commodities LLC has satisfied its obligations and paid more than $106 million to resolve allegations that it bribed Brazilian government officials.

  • August 24, 2026

    Founder Of Crypto Startup Block Bits Convicted Of Fraud

    A California federal jury on Monday held that cryptocurrency startup founder Japheth Dillman deceived Block Bits investors by falsely claiming the company's auto-trading platform was up and running, following a trial in which his co-founder testified against him under a plea agreement.

  • August 21, 2026

    Banking Industry Pushes For Lighter Load On 'Camels'

    The banking industry is pressing federal regulators to beef up their plan to rein in confidential supervisory ratings that are used to score the health of banks, urging them to set sharper limits around downgrade decisions and potentially ditch management-specific ratings entirely.

  • August 21, 2026

    6th Circ. Revives Freddie Mac Subprime Suit From '08 Crash

    The Sixth Circuit Friday revived a long-running securities suit brought by the Ohio Public Employees Retirement System against Freddie Mac and several of its former executives, holding that a district court erred in granting a summary judgment win for the government-backed enterprise and also denying class certification.

  • August 21, 2026

    Crypto Co. Founder's Atty Tells Jury Biz Partner Lied, Not Him

    A cryptocurrency firm's founder deceived investors by claiming his company's auto-trading platform was up and running, a federal prosecutor told a California federal jury during closing arguments Friday, while the defendant's lawyer said his client was not trying to cheat anyone and called the government's cooperating witness "a stone cold liar."

  • August 21, 2026

    Wash. AG Pauses OG Case As 9th Circ. Weighs Preemption

    Washington's attorney general and its gambling commissioners have agreed to hold off on enforcing the state's gambling laws against prediction market platform OG, run by the North American Derivatives Exchange, while the Ninth Circuit decides related appeals that could resolve the underlying legal dispute.

  • August 21, 2026

    SEC Sues To Enforce Subpoena On Texas Oil Co.

    The U.S. Securities and Exchange Commission asked a federal judge Thursday to order a Texas oil company and its affiliates to comply with subpoenas in an investigation over possible securities violations through offers and sales of fractional undivided working interests in oil leases, where the company raised about $42.7 million.

  • August 21, 2026

    Kalshi Wants Wash. Ban Axed After State 'Blessed' Competitor

    Kalshi has urged a Washington state court to reconsider a recent order blocking the company from offering event contracts to the state's residents in most of its prediction market categories, raising equitable findings concerns and pointing to Washington's recent "blessing" of event contracts offered by one of Kalshi's competitors.

  • August 21, 2026

    BSTR Ends $1.5B SPAC Deal Amid Bitcoin Market Woes

    Bitcoin treasury company BSTR Holdings has terminated a merger with special purpose acquisition company Cantor Equity Partners I Inc. that would have provided BSTR with up to $1.5 billion in financing in a go-public deal.

  • August 21, 2026

    Convicted Trader Can't Toss CFTC Suit Over $100M Loss

    A former natural gas commodities trading executive, who is currently serving a three-year prison sentence for defrauding his former employer, must face claims from the Commodity Futures Trading Commission that he hid millions of dollars in trading losses by falsifying entries in the company's accounting system, a New York federal judge has ruled.

  • August 21, 2026

    Verdict Bars Ex-Fla. Rep's 'Sham' Contract Claim, Oil Co. Says

    The U.S. affiliate of Venezuela's state oil company urged a New York federal court Friday to toss a former Florida congressman's counterclaim alleging he's still owed $30 million under a consulting contract, saying his conviction on charges of failing to register as a foreign agent shows the agreement was a "sham."

  • August 21, 2026

    DC Circ. Voids Block On OMB Funding Freeze

    The D.C. Circuit on Friday vacated a district judge's block on the Trump administration's pause on a wide array of federal grants, loans and financial assistance, ruling that the Office of Management and Budget's rescission of the memorandum rendered the lawsuit moot.

  • August 21, 2026

    SEC Files Insider Trading Case Against Ex-BofA Bankers

    The U.S. Securities and Exchange Commission on Friday sued a New York attorney and former Bank of America employee, accusing him of passing along insider information to a friend ahead of a publicly announced $8.1 billion deal to buy a New Jersey natural gas company.

  • August 21, 2026

    Investor Keeps $6.9M Del. Award But Loses Legal Fees

    The Delaware Supreme Court on Friday upheld a roughly $6.9 million damages award to a former investor in a Philadelphia-area EB-5 investment business but overturned nearly $260,000 in attorney fees, finding the investor waited too long to argue that the fees were part of his damages.

  • August 21, 2026

    Argentina Says DC Circ. Misread Time Bar On $391M Award

    Argentina on Thursday urged the D.C. Circuit to rethink its decision rejecting a three-year statute of limitations in a dispute over the enforcement of a $391 million arbitral award, calling the ruling an "outlier" that conflicts with Second Circuit precedent.

  • August 21, 2026

    Astrid Investor Asks Chancery Court To Order Annual Meeting

    A director and major stockholder of Astrid Pharma Corp. has asked the Delaware Chancery Court to force the company to hold its 2026 annual meeting, saying it has gone years without giving stockholders the chance to elect directors.

  • August 21, 2026

    Alliance Entertainment Sued Over Insider Voting Control

    Movie and video game distributor Alliance Entertainment Holding Corp. is facing a proposed class action in Delaware state court filed by an investor alleging that the company shut stockholders out of their voting rights in order to secure more power for its CEO and chairman.

  • August 21, 2026

    $21M Deal Confirmed In Chinese E-Commerce Merger Suit

    A New York federal judge confirmed a final arbitration award approving a $21 million settlement reached in a long-running shareholder class action against Chinese e-commerce giant Dangdang, which alleged that minority shareholders were shortchanged when the company went private in 2016.

  • August 21, 2026

    Army Immunity Ends Defrauded Families' Malpractice Claims

    A New Jersey federal judge tossed legal malpractice claims against attorney Natalie Khawam Case and the law firm she founded, finding that a group of Gold Star families could not show that their underlying allegations against the U.S. Army would have survived the Federal Tort Claims Act's limits on suing the government.

Expert Analysis

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • AI Governance Tips For Avoiding Securities Suits

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    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • How Reincorporating In Texas May Alter Earnout Disputes

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    While the DExit debate has focused on shareholder suits, far less attention has been paid to what reincorporating in Texas means for M&A disputes, making it particularly important to understand the nuances between Delaware and Texas earnout jurisprudence, say attorneys at Selendy Gay.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Texas Business Court Rulings Show Deal Terms Paramount

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    As the courts within the Texas Business Court system have begun reaching the substantive merits of the cases before them, they are persuasively demonstrating they will not only enforce the terms of transactions as written, but will also embrace a holistic approach to complex transaction documentation interpretation, says Christopher Pace at Winston Taylor.

  • Agentic AI And Securities Law: Who Is The Adviser?

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    Securities regulation has always been actor-based, but as agentic artificial intelligence becomes more common, it will push the law toward a partially system-based framework in which systems themselves, and the relationships between them and their deployers, are the focus of regulatory attention, says Joseph A. Hall at Davis Polk.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

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    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • Why Biotech Cos. Need Litigation Plans Before Bad News

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    Biotech companies should take proactive steps to respond to the growing trend of securities litigation filed against them, due to the inherently uncertain nature of their business models and heightened scrutiny of clinical trial disclosures, regulatory communications and investor-facing statements, says Wesley Horton at FBFK.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

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