Securities

  • July 29, 2026

    Attys Secure $15M Fees In Abbott Formula Shareholder Suit

    An Illinois federal judge on Wednesday approved class counsel's $15.3 million fee request in a shareholder dispute over Abbott Laboratories' management of a 2022 infant formula contamination crisis, satisfied with the elaboration he called for during an earlier settlement fairness hearing.

  • July 28, 2026

    Like Milli Vanilli, Goldman FCPA Case Is A Ruse, Jury Told

    The government's foreign bribery case accusing a former Goldman Sachs banker of paying off Ghanaian officials to secure a lucrative energy deal is a lot like Milli Vanilli, his lawyer told a New York jury Tuesday, arguing that much like lipsynced songs of the fake late-1980s-era pop duo, prosecutors' version of events is not what it appears to be.

  • July 28, 2026

    Activists Shift Focus To M&A, AI In Quieter Proxy Season

    A surge in mergers and acquisitions-focused activist campaigns in the first half of 2026 came as companies adjusted to the universal proxy regime and activists increasingly turned to artificial intelligence to identify targets, according to a Diligent Market Intelligence report released on Tuesday.

  • July 28, 2026

    Texas Judge Calls Late Bid To Disqualify Atty 'Dilatory Tactic'

    A Texas federal judge on Tuesday denied a request to disqualify an attorney representing the former chief executive of a real estate company related to the late mogul Gene Phillips, saying the attempt to knock out the attorney came way too late in the game.

  • July 28, 2026

    Digital Ad Co. Beats Investor Suit Over Client Loss Claims

    Digital advertising firm PubMatic has escaped a shareholder's suit accusing it of concealing the loss of a key customer for its digital marketing business, with a California federal court ruling that the suit's claims are too vague as-is.

  • July 28, 2026

    Senate Confirms Jay Clayton As National Intelligence Chief

    The U.S. Senate voted Tuesday to confirm Jay Clayton as director of national intelligence, two weeks after Clayton, the former U.S. attorney for the Southern District of New York, refused to answer who he thought won the 2020 election during his confirmation hearing.

  • July 28, 2026

    How A Casino Analogy Helped Win A Short-Swing Profits Trial

    To win a first-of-its-kind securities trial over short-swing profits, attorneys at Freshfields LLP knew they needed to find the right analogy to showcase their argument, even if it meant comparing the case to a craps table at a casino.

  • July 28, 2026

    Calif. Warns SEC Against Preempting State REIT Registration

    California is urging the U.S. Securities and Exchange Commission not to adopt a proposal that could free certain real estate investment trusts and business development companies from registering with the states, saying it could leave retirees and the elderly vulnerable to fraud.

  • July 28, 2026

    Senators Urge CFTC Rule Slowdown Over Tribal Concerns

    Leaders of the U.S. Senate Indian Affairs Committee are urging the U.S. Commodity Futures Trading Commission to extend the public comment deadline for its proposed rule that could govern the way the agency oversees prediction markets, saying it's critical that Indigenous nations have time to evaluate its effects.

  • July 28, 2026

    Cava Board, Execs Sued In Del. Over $2.2B Stock Sales

    A Cava Group Inc. stockholder has filed a derivative lawsuit in the Delaware Chancery Court accusing the Mediterranean restaurant chain's top executives and directors of using confidential internal forecasts to sell more than $2.2 billion worth of company stock before the company's growth outlook weakened and its share price fell.

  • July 28, 2026

    DOJ Drops Charges In $722M 'BitClub' Crypto Ponzi Case

    The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.

  • July 28, 2026

    Simpson Thacher Stock Work Hurt 2 Companies, Jury Told

    The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly putting together a shoddy securities offering — dramatically affected his own business as well.

  • July 28, 2026

    1st Circ. Skeptical That JPMorgan AI Tool Broke Mass. Law

    A First Circuit panel appeared doubtful Tuesday that an artificial intelligence-powered applicant screening tool used by JPMorgan Chase & Co. constituted the kind of lie detector test that Massachusetts law bars employers from using in interviews. 

  • July 28, 2026

    LG Can't Arbitrate Stockholder Suit, Chancery Says

    The Delaware Chancery Court has refused to send fiduciary duty claims against LG, its U.S. subsidiary and several executives to arbitration, ruling that an investor's derivative lawsuit over the governance of advertising technology company Alphonso must remain in the Delaware court.

  • July 28, 2026

    Trader In BigLaw Deal-Tipping Scheme To Plead Guilty

    A Florida resident is set to plead guilty to his alleged role in a sweeping scheme to trade on insider information about impending acquisitions that was stolen from major law firms, according to a court filing Tuesday.

  • July 27, 2026

    Minn. Prediction Market Ban Gets Temporarily Blocked

    A Minnesota federal judge on Monday issued a temporary injunction blocking the state's first-of-its kind law banning prediction markets, ruling that the state likely overstepped its authority just days before the measure was set to take effect.

  • July 27, 2026

    NY AG Says States Must Have Power To Police Crypto, Ethics

    New York Attorney General Letitia James called on federal lawmakers Monday to amend a pending proposal to regulate crypto markets to give states more latitude to protect consumers, go after scammers and hold government officials like the president accountable for profiting from the industry.

  • July 27, 2026

    FTX's $1.8B Clawback Suit Against Binance, Zhao Can Proceed

    A Delaware federal bankruptcy judge has allowed FTX's bankruptcy estate to continue to try to claw back a $1.76 billion payment to the cryptocurrency platform though she trimmed certain claims.

  • July 27, 2026

    Kalshi Seeks To Keep Operating In Wash. Pending Appeal

    Kalshi has urged a Washington judge to pause a recent order granting the state attorney general's bid to preliminarily enjoin the prediction market platform from operating within the state, saying the injunction causes Kalshi to face a "'Hobson's choice' between state enforcement and its federal duties."

  • July 27, 2026

    Former JPMorgan Banker Levels Race Bias, Harassment Suit

    A former JPMorgan Chase employee filed a race discrimination and sexual harassment suit against the investment bank in Manhattan federal court Monday, on the heels of dropping a similar state court complaint that triggered an ongoing defamation case from his former boss. 

  • July 27, 2026

    Kalshi To 'Geofence' Nevada After Regulators Expose Gap

    Kalshi will implement additional tech tools to block Nevada users from its platform or face daily six-figure fines after the state's gambling regulators showed they could still place trades in the state despite a standing court order barring the prediction market platform from serving Nevada residents.

  • July 27, 2026

    NY AG Urges 2nd Circ. To Deny Kalshi Sports Bet Ban Shield

    New York regulators urged the Second Circuit to deny Kalshi's request for an emergency order that would allow the prediction market company to continue conducting business in New York while its challenge to the state's gambling laws is resolved, arguing the company's operations are both prohibited and predatory.

  • July 27, 2026

    SEC Fines Simplify $400K Over ETF Transaction Violations

    A Delaware-based registered investment adviser has agreed to pay a $400,000 fine to the U.S. Securities and Exchange Commission to resolve claims that, among other things, it caused an affiliated trust to engage in prohibited transactions and separately caused one of its exchange-traded funds to exceed leverage thresholds for derivatives trading.

  • July 27, 2026

    Crypto Hedge Fund Manager Gets 3 Years For Tax Evasion

    A crypto hedge fund manager who renounced his U.S. citizenship and moved to the Cayman Islands was sentenced to over three years in prison for tax evasion, the U.S. Attorney's Office for the Western District of Texas said Monday.

  • July 27, 2026

    Del. Judge Tosses Challenge To Envestnet's $4.5B Bain Sale

    The Delaware Chancery Court has dismissed a stockholder challenge to Envestnet Inc.'s $4.5 billion take-private sale to Bain Capital affiliates, ruling that investors approved the deal through a fully informed vote and that the complaint failed to support claims that the company's independent directors or financial adviser Morgan Stanley acted improperly.

Expert Analysis

  • 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.

  • A Potential Turning Point For Short-And-Distort Claims

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    A California federal jury's conviction of Andrew Left signals that the historically blurry line between securities fraud and legitimate criticism of companies is growing clearer, and that there is a viable recourse against so-called short-and-distort campaigns intended to create a false impression of the market, say attorneys at Baker McKenzie.

  • 5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

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    Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy court may grant in a domestic case and relief it may recognize under Chapter 15 of the Bankruptcy Code when a foreign court has entered the order, say attorneys at Pierson Ferdinand.

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