Securities

  • August 11, 2026

    Atty Can't Represent His Securities Class Claims, Judge Says

    A New Jersey federal court has prohibited an attorney from serving as class counsel in his proposed class action accusing a group of financial services companies of running a scheme driven by high commissions and undisclosed conflicts of interest, saying the suit can only be refiled if new class counsel is brought in.

  • August 11, 2026

    Cognizant Investor Seeks OK For $5.5M Derivative Case Deal

    A Cognizant Technology Solutions Corp. shareholder has urged a New Jersey federal court to give its final approval for a $5.5 million deal to settle derivative claims that board members of the technology and consulting services company damaged the company and exposed it to liability by paying bribes in violation of the Foreign Corrupt Practices Act.

  • August 11, 2026

    SEC, CFTC Sue Goliath Over $400M Crypto Ponzi Scheme

    The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission sued bankrupt cryptocurrency investment firm Goliath Ventures Inc. and its founder Tuesday claiming they orchestrated a $400 million cryptocurrency Ponzi scheme.

  • August 11, 2026

    Meta Spoiled Evidence In Facebook Scam Ad Suit, Judge Says

    A California federal judge has sanctioned Meta, finding the company failed to preserve key evidence in a lawsuit by Australian businessman Andrew Forrest over fraudulent Facebook advertisements that falsely used his name and likeness to promote cryptocurrency and investment scams, saying the spoliation prejudiced Forrest's case.

  • August 11, 2026

    VC Fund Says SEC Has Spun 'Innocent' Lapses Into Fraud

    Venture capital firm Backswing Ventures GP LLC has urged a Florida federal court to dismiss a U.S. Securities and Exchange Commission suit, arguing the SEC has spun "innocent administrative lapses" into an alleged fraud despite evidence to the contrary.

  • August 11, 2026

    SEC's Atkins Floats Takeover Of Key Market Surveillance Tool

    The U.S. Securities and Exchange Commission is considering scrapping a market surveillance tool called the consolidated audit trail as it currently operates in favor of giving the agency direct oversight of the trading that occurs across U.S. exchanges, according to a letter from Chairman Paul Atkins.

  • August 11, 2026

    Nev. Trader To Pay SEC $1.5M To End Spoofing Claims

    A Las Vegas-based securities trader has agreed to settle the U.S. Securities and Exchange Commission's claims that he used his long-time knowledge of the industry to carry out a four-year market spoofing scheme, which generated over $1.1 million.

  • August 11, 2026

    Neogen Beats Investor Suit Over 3M Integration Claims

    A suit alleging food safety company Neogen hid postmerger financial difficulties following its combination with a division of manufacturing giant 3M was tossed by a Michigan federal judge, who found the suit's challenged statements were either inactionable or that the defendants did not intentionally mislead the public.

  • August 11, 2026

    Kalshi Loss Dooms Coinbase's Bid To Block Conn. Enforcers

    A Connecticut federal judge has denied Coinbase's request to keep state gaming regulators from cracking down on its sports offerings, tying the decision to a nearly identical ruling he made against Kalshi earlier in the day.

  • August 11, 2026

    'Joker' Producer Pleads Not Guilty To $100M Investment Fraud

    The producer behind the 2019 movie "Joker" and other notable projects pled not guilty Tuesday to seven federal wire fraud charges accusing him of stealing at least $100 million from investors who thought they were putting money into future projects.

  • August 11, 2026

    Viks Ask Conn. Justices To End Deutsche Bank's 2nd Lawsuit

    Alexander Vik and his daughter have asked the Connecticut Supreme Court to spare them from a revived Deutsche Bank AG lawsuit that claims they disrupted a Norwegian software company's share sale designed to partially satisfy a $243 million English court judgment, arguing a lower appeals court ruling was flawed.

  • August 11, 2026

    SEC Prepared To Introduce Crypto Regulations This Week

    The U.S. Securities and Exchange Commission plans to hold a meeting Friday during which it could issue a proposed rule outlining a path forward for the trading of crypto-assets under the agency's oversight.

  • August 11, 2026

    Rising Star: White & Case's Jeffrey L. Steinfeld

    Jeffrey Steinfeld of White & Case LLP has won the dismissal of a lawsuit involving memecoins and a precedent-setting Delaware Supreme Court decision on the calculation of post-judgment interest, earning him a spot among the securities lawyers under age 40 honored by Law360 as Rising Stars.

  • August 11, 2026

    LGBCoin Defendant Looks To DQ Judge From Contempt Case

    The defendant who lost a default judgment last week in favor of "Let's Go Brandon" meme coin investors has now asked to disqualify a Florida federal judge from his related criminal contempt case after the judge accused him of acting "to disparage the court."

  • August 11, 2026

    SEC Claims Netcapital Juiced Revenue With Fake Deals

    The U.S. Securities and Exchange Commission has accused fintech company Netcapital Inc. of securities fraud by inflating earnings through "sham" consulting deals with Napster co-founder John Fanning that didn't actually generate revenue.

  • August 11, 2026

    Electric Aircraft Biz Investors Settle SPAC Suit For $15M

    Archer Aviation stockholders have reached a $15 million settlement in the Delaware Chancery Court to resolve litigation accusing the backers of the SPAC that took the electric-aircraft venture public of misleading investors about Archer's prospects and unfairly steering them into a $1.7 billion merger.

  • August 11, 2026

    Fla. Developer Who Stole $13M From Backers Gets 4 Years

    A Manhattan federal judge on Tuesday hit a Florida developer with a four-year prison sentence after he admitted to pocketing proceeds from membership interests in real estate projects he pitched to investors in a $13 million securities fraud caper.

  • August 10, 2026

    Judge Lets Feds Drop Adani Fraud Counts But Rebukes DOJ

    A New York federal judge agreed Monday to toss fraud charges accusing Adani Group Chairman Gautam S. Adani of misleading investors about a $250 million bribery scheme to score solar energy contracts, while sharply criticizing the U.S. Department of Justice's "highly unusual" move to drop the case.

  • August 10, 2026

    Webtoon Investors Seek OK Of $10.1M Deal For Post-IPO Drop

    Online comics platform Webtoon Entertainment Inc. has reached a $10.1 million deal with its investors to end claims that the company's registration statement for its 2024 initial public offering concealed the minimal growth the company was experiencing.

  • August 10, 2026

    Trump Pick Confirmed To NCUA As Hauptman Joins PCAOB

    The National Credit Union Administration is poised for new leadership after senators on Friday confirmed Trump nominee John Crews to its board, whose acting Chairman Kyle Hauptman has departed for a seat on the Public Company Accounting Oversight Board.

  • August 10, 2026

    ModivCare Execs Must Face Suit Over Cash Flow Woes

    A Colorado federal judge has declined to toss a shareholder class action against current and former executives of patient transportation company ModivCare Inc. over their alleged failure to disclose the negative impact of certain contract renegotiations, finding that the investors pled actionable misstatements.

  • August 10, 2026

    4 Firms Vie To Lead Investor Class Action Against Roblox

    Roblox investors who claim they've lost a combined $48 million after an age-verification rollout triggered an 18% stock price collapse are competing to lead the proposed securities class action in California federal court against the online game platform, with Motley Rice LLC, Johnson Van Kwawegen LLP, Grant & Eisenhofer PA and the Rosen Law Firm PA all arguing they are the best firm for the job.

  • August 10, 2026

    Muddy Waters Wants Claim Cut From $14M Whistleblower Suit

    Investment research service Muddy Waters LLC and its founder want a breach of contract claim cut from a suit alleging they stiffed a purported former partner out of his share of a $14 million whistleblower award from the U.S. Securities and Exchange Commission, saying the claim "crosses the line from pleading in the alternative to pleading in incoherence."

  • August 10, 2026

    SEC Alleges Adviser Defrauded Investors In Pre-IPO Offerings

    The U.S. Securities and Exchange Commission both filed and settled a lawsuit in New York federal court Monday that accuses an investment manager of defrauding investors interested in taking positions in companies like SpaceX and Klarna before they went public. 

  • August 10, 2026

    Falwell Family Accused Of Self-Dealing In Miami Hotel Suits

    A business partner of Jerry Falwell Jr. sued the former Liberty University president and his family in Florida state court for alleged insider transactions in a Miami Beach hotel company, saying he was stripped of his membership status in the operating agreement and that development rights were transferred without consent.

Expert Analysis

  • $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.

  • Fed Autonomy Rests On Narrow Exception After Justices Rule

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    The U.S. Supreme Court’s recent decisions in Trump v. Cook and Trump v. Slaughter expand presidential removal power while temporarily preserving the Federal Reserve’s independence, but there is uncertainty about which of the Fed’s authorities fall within the court’s narrow monetary-policy exception, says Keith Bradley at Squire Patton.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

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    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

  • Opinion

    Shareholder Derivative Litigation Needs A Better Framework

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    Uncoordinated, multiforum shareholder derivative litigation is a growing issue for corporate defendants that have little to no recourse for organizing and consolidating actions, but several commonsense steps should be utilized to preempt such disputes, say attorneys at Sullivan & Cromwell.

  • Del. Dispatch: The New 'Director Independence' Definition

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    The Delaware Court of Chancery's recent decision in Ayers v. Foley, its first interpretation and application of "director independence" as outlined in Section 144 of the Delaware General Corporation Law, suggests that the court will not limit the new section's reach, say attorneys at Fried Frank.

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