Securities

  • November 18, 2025

    JPMorgan Seeks Fast-Track End To Javice's Fee Advancement

    JPMorgan Chase & Co. asked the Delaware Chancery Court on Monday to cut off any more legal fee advancements to Charlie Javice, the convicted founder of college financial aid startup Frank, saying her demands for fees to appeal her criminal conviction "exceed any semblance of reasonableness."

  • November 18, 2025

    Delaware Chancery Atty Fee Awards Under Fire In New Report

    Attorney fees in Delaware's Court of Chancery lack "consistent benchmarks" and, for big awards, may fail to reflect "risk or performance," according to a report Tuesday that potentially ratchets up pressure on state lawmakers wary of jeopardizing Delaware's standing as the national hub for corporate law disputes.

  • November 18, 2025

    9th Circ. Halts 1 Of 2 Calif. Corporate Climate Disclosure Laws

    The Ninth Circuit on Tuesday blocked a new California law requiring large companies to publicly disclose financial risks tied to climate change, barring enforcement as an appeal by the U.S. Chamber of Commerce and other business groups challenging the policy unfolds in federal appellate court.

  • November 18, 2025

    FDIC Says Capital One Is 'Turning Back Time' With Fee Fight

    The Federal Deposit Insurance Corp. has accused Capital One of trying to "turn back time" by retroactively distributing $56 billion and claiming it was erroneously included in the FDIC's fee calculations, in order to dodge roughly $99 million in special assessments tied to the 2023 regional bank crisis.

  • November 18, 2025

    Colo. Justices Unsure On Limits For Borrowing Claims Rule

    Colorado Supreme Court justices on Tuesday grappled with when an attorney has satisfied their requirements under Colorado law to conduct a "reasonable inquiry" when including pleadings from other litigation during oral arguments in CenturyLink's petition to have a securities class action dismissed for including anonymous claims from a different lawsuit.

  • November 18, 2025

    Groups Seek More Time To Comment On SEC's RMBS Plan

    The Securities Industry and Financial Markets Association is among those calling for the U.S. Securities and Exchange Commission to grant more time to provide feedback on a plan that could change how the agency regulates residential mortgage-backed securities, citing the recent government shutdown as a reason for extending the deadline. 

  • November 18, 2025

    Crypto Co. Founder Charged In $10M Laundering Scheme

    A cryptocurrency exchange business founder was indicted for his alleged role in a $10 million money laundering conspiracy involving ATMs that converted U.S. dollars to virtual currency, often enabling illegal activities.

  • November 18, 2025

    Kraken Valued At $20B In Latest Funding Round

    Crypto exchange Kraken announced Tuesday it raised $800 million in a funding round that garnered a $200 million investment from Citadel Securities, valuing the crypto exchange at $20 billion.

  • November 18, 2025

    Perrigo Sued Over Misstatements On Infant Formula Business

    Perrigo Company PLC faces a shareholder class action alleging the company and its top brass failed to disclose critical issues with infant formula operations that it purchased from Nestle and caused stock prices to drop as the issues came to light.

  • November 18, 2025

    IBM, Qualcomm Lead Public Cos. In Patented Inventions

    IBM Corp. holds the most patent families of all S&P 100 companies, followed by Qualcomm Inc. and Microsoft Corp., according to an IFI Claims Patent Services report released Tuesday.

  • November 18, 2025

    Feds Charge 6 More In Global Insider Trading Ring

    Six more people have been charged in what federal prosecutors say was a global insider trading network that netted tens of millions of dollars for its participants, the U.S. Attorney's Office in Massachusetts announced Tuesday.

  • November 18, 2025

    4th Circ. Restores Trade Secrets Suit Against Insurance Execs

    The Fourth Circuit on Tuesday revived insurer Sherbrooke Corp.'s claims of trade secrets theft against three former executives, disagreeing with a district judge who found that the company had not made enough of an effort to guard the software in question.

  • November 18, 2025

    Car Services Co.'s $851M Write-Down Sparks Del. Suit

    A car services conglomerate's board and senior leadership face a stockholder derivative suit filed Tuesday in the Delaware Chancery Court alleging they ignored clear signs of operational deterioration, concealed significant deficiencies in the company's internal controls and allowed public misstatements that preceded an $851 million write-down.

  • November 18, 2025

    MVP: Sullivan & Cromwell's Jeffrey Scott

    Jeffrey Scott of Sullivan & Cromwell LLP chaired the trial team that won the first-ever litigated insider trading case in Delaware Chancery Court history, earning him a spot as one of the 2025 Law360 Securities MVPs.

  • November 18, 2025

    Redfin Investor Denied Atty Fees For Rocket Cos. Merger Suit

    A Washington federal judge has denied a Redfin investor an award of $450,000 in legal fees to counsel at Monteverde & Associates PC and Wohl & Fruchter LLP after the judge determined that the investor failed to show that his efforts produced material benefits for shareholders voting on Redfin's merger with Rocket Cos. Inc.

  • November 17, 2025

    Russia-Tied Payments Co. Escapes Investor Suit For Good

    Payments company Qiwi PLC no longer faces investor claims it hid its noncompliance with Russian financial regulation and hurt investors when the company disclosed that a Russian central bank audit had led to a fine and certain payments restrictions.

  • November 17, 2025

    Fed's Cook Slams 'Pretextual' Mortgage Fraud Accusations

    Federal Reserve Board Gov. Lisa Cook on Monday hit back at federal officials' allegations she committed mortgage fraud, criticizing the "baseless" accusations as "pretextual justifications" for President Donald Trump and his allies "to investigate anyone whom they view as an obstacle to the administration's political and economic agenda."

  • November 17, 2025

    BNP Asks Judge To Overturn $21M Sudan Refugee Verdict

    BNP Paribas has asked a New York federal judge to reverse a recent $21 million bellwether verdict won by three Sudanese refugees who claim that the French bank contributed to longtime dictator Omar al-Bashir's atrocities, arguing that the jury's verdict and damages awards are inconsistent with Swiss law, which governs the suit.

  • November 17, 2025

    Citi Investors Can't Have New Shot At Suit Over $400M Fine

    A New York federal judge has declined to revive a proposed securities fraud class action that accused Citigroup of concealing risk-management failures that led to a $400 million fine, ruling that investors' revamped complaint remains too thin to sustain the case.

  • November 17, 2025

    Fintech Ryvyl Gets First OK For Derivative Suit Deal

    Blockchain-based payment solutions company Ryvyl Inc. has reached a deal with its investors to settle their derivative claims that the company was damaged by an alleged concealment of accounting issues.

  • November 17, 2025

    TerraForm Stockholders Settle Suit Over Brookfield Merger

    Brookfield Asset Management Inc. and TerraForm Power Inc. stockholders reported a tentative, undisclosed deal on Monday to end their nearly four-year Delaware Chancery Court battle over Brookfield's alleged "exploitation" of TerraForm's minority stockholders in a deal dating to 2020.

  • November 17, 2025

    SEC To Review Compliance With New Data Breach Rule

    The U.S. Securities and Exchange Commission announced Monday it will begin examining broker-dealers and investment advisers for compliance with a new rule requiring them to report data breaches to their customers.

  • November 17, 2025

    Ill. OKs Next Step For LevelField's Crypto-Focused Bank Bid

    LevelField Financial Inc. announced Monday that an Illinois regulator has given it the green light for the next step of its planned acquisition of Burling Bank, furthering its plan to launch an insured bank that offers crypto services with the help of its acquisition counsel Hunton Andrews Kurth LLP.

  • November 17, 2025

    American Airlines Beats Investor Suit Over Sales Strategy

    American Airlines has won dismissal of an investor suit that alleged it implemented a botched sales and distribution strategy, with the court finding the suit's reliance on vague statements of optimism and faulty confidential witness claims aren't enough to show the company acted fraudulently.

  • November 17, 2025

    Origin Materials Investors Seek First OK For $9M Deal

    Investors in sustainable materials maker Origin Materials Inc. have asked a California federal judge to grant the first green light to a $9 million deal in a class action that claims the company and its co-CEO failed to disclose a change in direction in the company's manufacturing plans and a delay in building a new plant.

Expert Analysis

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

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    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • How Cos. Can Prep For Tightened Calif. Data Breach Notices

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    Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • How The SEC May Overhaul Its Order Protection Rule

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    Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • 2nd Circ. Peloton Ruling Emphasizes Disclosure Context

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    The Second Circuit’s recent decision to revive shareholders’ suit alleging that Peloton made materially misleading statements makes clear that public companies must continually review risk disclosures to determine if previous hypotheticals have materialized, say attorneys at Baker Botts.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

  • How Calif. High Court Is Rethinking Forum Selection Clauses

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    Two recent cases before the California Supreme Court show that the state is shifting toward greater enforcement of freely negotiated forum selection clauses between sophisticated parties, so litigators need to revisit old assumptions about the breadth of California's public policy exception, says Josh Patashnik at Perkins Coie.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Post-Genius Landscape Reveals Technical Stablecoin Hurdles

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    The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

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