Securities

  • May 13, 2025

    Morgan Lewis Adds Ex-Dechert Registered Funds Pro In NY

    Morgan Lewis & Bockius LLP has added a registered funds specialist who previously served over 20 years with Dechert LLP as a partner in its New York office, the firm announced Tuesday.

  • May 12, 2025

    Bitcoin Miner Investor Sues Over Flawed Financial Reports

    Bitcoin mining company Bitfarms Ltd. faces a proposed investor class action alleging it improperly accounted for certain capital-raising transactions, hurting investors when it announced it would restate its 2022 and 2023 financials.

  • May 12, 2025

    Coinbase Inks $2.25M Deal In Dogecoin Sweepstakes Suit

    Coinbase Inc. and promoter Marden-Kane have agreed to pay $2.25 million to put to rest a proposed class action over a Dogecoin cryptocurrency sweepstakes, a deal that follows a trip to the U.S. Supreme Court, according to a motion filed in California federal court Friday.

  • May 12, 2025

    Eric Trump-Backed Crypto Miner Merges With Gryphon Digital

    A new bitcoin miner backed by President Donald Trump's two eldest sons said Monday that it will go public through an all-stock merger with Gryphon Digital Mining Inc. and will list on the Nasdaq under the ticker symbol ABTC.

  • May 12, 2025

    Instacart Beats Investor Suit Over Pre-IPO Business

    A California federal judge tossed a shareholder class action accusing grocery delivery company Instacart of misrepresenting its potential in the lead-up to its initial public offering, finding, among other things, that the plaintiffs did not sufficiently plead any actionable misleading statements or that the defendants acted with a motive to deceive investors.

  • May 12, 2025

    Chancery Nixes Paramount-Skydance Books Suit Intervention

    Delaware's Chancellor on Monday denied a Paramount Global preferred shareholders' motion to intervene in a New York public pension fund group's suit for documents on Paramount's proposed $8 billion merger with Skydance Media, the latest development in a sprawling, potential post-closing deal challenge.

  • May 12, 2025

    SEC's Atkins Outlines Crypto Policy Plans At Roundtable

    U.S. Securities and Exchange Commission Chairman Paul Atkins told crypto industry participants on Monday that developing rules for digital asset markets would be a "key priority" of his chairmanship during a keynote address that promised to focus the agency's enforcement approach on fraud and manipulation.

  • May 12, 2025

    Boeing Execs Say Cert. Appeal Warrants Stay Of 737 Max Suit

    Boeing executives have argued state pension fund litigation accusing them of putting profits over safety should be paused while the Fourth Circuit reviews the certification of a class of investors who are accusing the company and its leaders of making false statements about the 737 Max.

  • May 12, 2025

    Leon Black's Subpoena Suits Unsealed In Apollo Founder Row

    A New York state judge Monday revealed details in former Apollo Global Management CEO Leon Black's ongoing arbitration battle with co-founder-turned-nemesis Josh Harris, as the court unsealed three related subpoena enforcement suits.

  • May 12, 2025

    SIFMA Calls On SEC To Develop 'Clear' Crypto Framework

    The Securities Industry and Financial Markets Association has sent lengthy feedback to the U.S. Securities and Exchange Commission on how it views the agency's responsibilities toward crypto investors, calling on the agency to adopt a "clear, consistent and consensus-driven" framework for digital assets.

  • May 12, 2025

    Redfin Shareholder Sues To Block $1.75B Rocket Cos. Merger

    A shareholder has hit Redfin Corp. and several members of its top brass with a class action in Washington state federal court, seeking to block the real estate technology company's planned merger with Rocket Cos. by alleging the merger's proxy statement is false and misleading.

  • May 12, 2025

    Hedge Fund Group Urges Delay On New AML Rules

    A top trade group representing hedge funds is urging the Trump administration to delay enforcement of new Treasury Department anti-money laundering rules applicable to investment managers, part of a broader attempt to persuade financial and securities regulators to slow down or rescind wide-ranging rules.

  • May 12, 2025

    Caitlyn Jenner Beats Crypto Investors' Suit, For Now

    A proposed securities fraud class action against Caitlyn Jenner over cryptocurrency created and promoted by the Olympic gold medalist has been dismissed with leave to amend by a California federal judge who said the lawsuit doesn't show the lead plaintiff, a U.K. citizen, purchased his tokens in the U.S.

  • May 12, 2025

    Anadarko Says Class Shouldn't Get Cert. After 5th Circ. Ruling

    Anadarko Petroleum Corp. told a federal judge on Monday that he shouldn't recertify a proposed class of shareholders who claim they lost money on the company's bad oilfield bet, after the Fifth Circuit overruled his earlier certification last year.

  • May 12, 2025

    Will Justices Finally Rein In Universal Injunctions?

    The U.S. Supreme Court is expected to address for the first time Thursday the propriety of universal injunctions, a tool federal judges have increasingly used to broadly halt presidential orders and policy initiatives, and whose validity has haunted the high court's merits and emergency dockets for more than a decade.

  • May 12, 2025

    Wells Fargo Hid Account Amid Man's Homelessness, Suit Says

    A Massachusetts man has alleged in a lawsuit filed in federal court that Wells Fargo intentionally concealed a trust fund account from him for decades while he suffered years of financial instability, including homelessness.

  • May 12, 2025

    Chancery Delays $30M Deal In SPAC Suit For Review Of Class

    Citing no-longer-novel aspects of blank check company stock-drop suits, a Delaware vice chancellor on Monday trimmed a $7 million attorney fee proposal in a $29.75 million settlement to $5.5 million, but delayed approval pending clarification on post-closing stock buyer share eligibility.

  • May 12, 2025

    Calif. Investment Firm Executive To Admit Ponzi Scheme

    A California investment fund executive will plead guilty to charges of running a $35 million Ponzi scheme for his personal enrichment, after he was apprehended while fleeing the FBI in a lake using a "sea scooter."

  • May 09, 2025

    Ex-Meinl Bank CEO Extradited To US On $170M Odebrecht Rap

    The former CEO of Austrian lender Meinl Bank AG was extradited from the U.K. and pled not guilty Friday to money laundering charges, stemming from allegations that he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government. 

  • May 09, 2025

    LNG Exporter's Brass Face Investor Suit Over IPO Risk Claims

    Officers and directors of liquefied natural gas exporter Venture Global Inc. face shareholder derivative allegations after trading prices for its shares sunk twice on the heels of its January initial public offering following revelations about its pre-IPO business.

  • May 09, 2025

    Feds Rebut Disclosure Delay Claims In Crypto Mixer Case

    Federal prosecutors on Friday fired back at claims they suppressed evidence from the indicted co-founder of crypto mixing service Samourai Wallet, arguing they went beyond what was required when they recently disclosed an "informal conversation" where Treasury employees cast doubt on one of the subsequent charges.

  • May 09, 2025

    BDO Urges Justices To Hear 'Crucial' Auditor Fraud Case

    BDO USA LLP is petitioning the U.S. Supreme Court to hear a case that the firm warns could have "devastating" consequences for public companies' auditors, arguing in a Friday filing that the Second Circuit created a "dangerous precedent" by reviving a lawsuit brought by AmTrust Financial Services Inc. shareholders. 

  • May 09, 2025

    Treasury Pushes To Ax Shareholders' FHFA Director Suit

    The federal government has said a Fannie Mae and Freddie Mac shareholder complaint should be dismissed because it is "devoid of any allegations" that tenure protections for the Federal Housing Finance Agency's director affected their dividend payments. 

  • May 09, 2025

    Investor Claims PE Firm Filed False Financial Statements

    A private equity firm and several of its executives were hit with a proposed class action in California federal court Friday alleging the firm filed several false and misleading financial statements with the U.S. Securities and Exchange Commission, causing the firm's stock price to drop when they could no longer be relied upon.

  • May 09, 2025

    Vanguard Shared Customer Data With Meta, Others, Suit Says

    Investment management company the Vanguard Group has been hit with a class action by users of its electronic services, claiming that the company allowed customers' personal information to be intercepted by LinkedIn, Meta and Google to build profiles based on their web habits.

Expert Analysis

  • The Post-Macquarie Securities Fraud-By-Omission Landscape

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    While the U.S. Supreme Court's 2024 opinion in Macquarie v. Moab distinguished inactionable "pure omissions" from actionable "half-truths," the line between the two concepts in practice is still unclear, presenting challenges for lower courts parsing statements that often fall within the gray area of "misleading by omission," say attorneys at Katten.

  • AI Will Soon Transform The E-Discovery Industrial Complex

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    Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

  • When Innovation Overwhelms The Rule Of Law

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    In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.

  • What Compensation Committees Must Keep In Mind In 2025

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    New disclosure obligations, an evolving discussion on the analysis of executive perks and updated proxy adviser policies — on top of a new presidential administration — are all important things compensation committees must pay close attention to in 2025, say attorneys at Simpson Thacher.

  • The Future Of ALJs At NLRB And DOL Post-Jarkesy

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    In the wake of the U.S. Supreme Court’s 2024 Jarkesy ruling, several ongoing challenges to the constitutionality of the U.S. Department of Labor's and the National Labor Relations Board's administrative law judges have the potential to significantly shape the future of administrative tribunals, say attorneys at Wiley Rein.

  • The Risk And Reward Of Federal Approach To AI Regulation

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    The government has struggled to keep up with artificial intelligence's furious pace, but while an overbroad federal attempt to adopt a more unified approach to regulating AI poses its own risks, so does the current environment of regulatory uncertainty, say attorneys at Covington.

  • Losing A Motion To Dismiss Ruling Isn't Necessarily The End

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    A recent Delaware Court of Chancery ruling, that the Manti Group had not demonstrated any conflicts of interest favoring private equity fund operator The Carlyle Group, serves as an important reminder that a decision on a pleading motion is not the end of the story, say attorneys at Sidley.

  • How Cos. Can Prepare Now For SEC E-Filing System Changes

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    The U.S. Securities and Exchange Commission's amendments to the Electronic Data Gathering, Analysis and Retrieval system are designed to improve access to and management of EDGAR accounts, and with the March 24 effective date fast approaching, and the transition requiring significant coordination, companies should begin planning now, say attorneys at Debevoise.

  • The Tides Are Changing For Fair Access Banking Laws

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    The landscape of fair access banking laws, which seek to prevent banks from denying services based on individuals' ideological beliefs, has shifted in the last few years, but a new presidential administration provides renewed momentum for advancing such legislation against the backdrop of state efforts, say attorneys at Latham.

  • Imagine The Possibilities Of Openly Autistic Lawyering

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    Andi Mazingo at Lumen Law, who was diagnosed with autism about midway through her career, discusses how the legal profession can create inclusive workplaces that empower openly autistic lawyers and enhance innovation, and how neurodivergent attorneys can navigate the challenges and opportunities that come with disclosing one’s diagnosis.

  • A Halftime Analysis Of DOJ's Compensation Pilot Program

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    The U.S. Department of Justice appears to consider the first half of its three-year pilot program on compensation incentives and clawbacks to be proceeding successfully, so companies should expect prosecutors to emphasize the program and other compliance-related considerations early in investigations, say attorneys at Debevoise.

  • Kiromic SEC Order Shows Importance Of Self-Reporting

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    The U.S. Securities and Exchange Commission's recently filed settled charges against Kiromic BioPharma illustrate the critical intersection between U.S. Food and Drug Administration regulatory processes and investor disclosures under the securities laws, and showcase how responding promptly to internal whistleblower reports may reap benefits, say attorneys at Arnold & Porter.

  • Series

    Documentary Filmmaking Makes Me A Better Lawyer

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    Becoming a documentary filmmaker has allowed me to merge my legal expertise with my passion for storytelling, and has helped me to hone negotiation, critical thinking and problem-solving skills that are important to both endeavors, says Robert Darwell at Sheppard Mullin.

  • Litigation Funding Disclosure Debate: Strategy Considerations

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    In the ongoing debate over whether courts should require disclosure of litigation funding, funders and plaintiffs tend to argue against such mandates, but voluntarily disclosing limited details about a funding arrangement can actually confer certain benefits to plaintiffs in some scenarios, say Andrew Stulce and Marc Cavan at Longford Capital.

  • Understanding Risks Of Celebrities 'Hawking' Crypto Tokens

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    Prominent social media personality Haliey Welch was recently sued over the promotion and sale of the Hawk Tuah cryptocurrency memecoin, underscoring the importance of public figures conducting due diligence to verify they aren't endorsing a token that is in fact a security, say attorneys at Sheppard Mullin.

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