Securities

  • September 17, 2026

    Broker TradeZero Fined Over Data Breach Tied To Chatbot

    An unvetted chatbot and lax security policies allowed hackers to access personal and financial information of nearly 15,000 customers of online brokerage TradeZero America, the Massachusetts Securities Division said Thursday in announcing a $750,000 fine against the company.

  • September 17, 2026

    Inovalon Investors Reach $44M Deal Over $7.3B Take-Private

    Inovalon Holdings Inc. investors have agreed to a $44 million settlement to end their Delaware Chancery Court suit challenging the healthcare data company's $7.3 billion take-private sale to a Nordic Capital-led consortium, resolving claims that stockholders were misled about conflicts involving the deal's financial advisers.

  • September 17, 2026

    AppLovin Hit With Investor Suit Over AI Growth Claims

    Advertising solutions company AppLovin was hit with a shareholder's proposed class action accusing it of overstating the strength and utility of its artificial intelligence models and failing to disclose delays affecting a promised AI video tool.

  • September 17, 2026

    Holtec Nuclear Delays $750M IPO Citing Market Conditions

    Nuclear power plant equipment company Holtec Nuclear Corp. on Thursday said it has postponed an expected initial public offering advised by Gibson Dunn & Crutcher LLP.

  • 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.

Expert Analysis

  • Opinion

    USCIS Delays Shouldn't Mean Detention For EB-5 Investors

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    Some EB-5 investors with pending petitions were recently detained amid a surge in immigration arrests, but when only U.S. Citizenship and Immigration Services can resolve a respondent's status, immigration courts shouldn't retain cases they can't decide, and detention shouldn't replace adjudication, says Jun Li at Reid & Wise.

  • How 9th Circ. 'Shadow Trading' Case May Affect Private Credit

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    Private credit firms should not wait for a result in the Ninth Circuit appeal in U.S. Securities and Exchange Commission v. Panuwat to address material nonpublic information exposure under existing statutes and take steps to ensure their internal policies and surveillance are ready for increased regulatory scrutiny, says Steve Brown at StarCompliance.

  • Inside Differing State Approaches To Prediction Market Taxes

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    As states adopt divergent approaches to prediction market platforms through both legislation and litigation, and the landscape is anything but settled, the emerging patchwork of state taxes on prediction markets presents novel questions about characterization, preemption and compliance, say attorneys at Holland & Knight.

  • FDIC Proposals Mark Pullback In Bank Resolution Rules

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    A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolution-related capabilities from a mandatory exercise to a voluntary one supported by significant financial incentives, amounting to an overall reduction in reporting requirements, say attorneys at Moore & Van Allen.

  • Series

    Being A Singer Makes Me A Better Lawyer

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    Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.

  • Parsing Who Gets The Track Record In A Venture Partner Split

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    A recent California federal court order in TEEC Angel Management v. Tsingyuan Ventures allowing Lanham Act claims to proceed confirms that the question of who gets to tell the story of a shared win is now being litigated as false advertising instead of industry professional etiquette, says Ben Dubin at VC Expert Services.

  • $400M Serta Ruling Offers Warning On Uptier Deal Risks

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    A Texas bankruptcy court's recent remand ruling, which disallowed Serta Simmons Bedding’s uptier debt exchange and awarded $400 million to the minority lenders, demonstrates why deal counsel negotiating similar agreements should clearly define exceptions and lien subordination, while litigators should lean on express terms, says Jamie Aycock at Yetter Coleman.

  • How 2nd Circ. Raised The Bar For Pleading Securities Fraud

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    In Huey v. Anavex, the Second Circuit recently appeared to increase the burden on securities fraud plaintiffs in pleading loss causation where no immediate share price decline follows the corrective disclosure, generating new questions that district courts must grapple with, say attorneys at Skadden.

  • High Court Rulings Could Alter Agency Strategy For Cos.

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    The U.S. Supreme Court's recent decisions in Trump v. Slaughter and Trump v. Cook mark major turning points in the law of independent agencies and in how regulated companies should think about federal enforcement, rulemaking and agency-facing strategy, say attorneys at Holtzman Vogel.

  • How CME Suit May Reshape CFTC's Crypto Derivatives Rules

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    CME Group's recent lawsuit over the U.S. Commodity Futures Trading Commission's approval of a Kalshi application to offer a bitcoin perpetual contract as a futures product could have cascading consequences for crypto derivatives regulation, highlighting why policy ambitions do not override statutory text or substitute for reasoned decision-making, says attorney Tamara de Silva.

  • JPMorgan Ruling Shows Courts' Limited Role In Fee Fights

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    The Delaware Chancery Court's recent decision that JPMorgan Chase must cover more than $21 million in disputed legal fees for two former executives of the startup Frank illustrates the reality that companies, not the courts, are responsible for ongoing supervision of legal spending, says Theodore Edelman at GCE Advisors.

  • Preparing For Next Congress With Eye On Investigation Risk

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    Rod Rosenstein, Brian Whisler and Bruce Linskens at Baker McKenzie offer advice for organizations seeking to build a proactive response plan to potential congressional oversight as the election looms.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • Tips For Investors, Creditors Before Venezuela Restructuring

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    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

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