Securities

  • May 27, 2026

    CFTC Agrees To Abandon Biden-Era Gemini Crypto Settlement

    The U.S. Commodity Futures Trading Commission and the Winklevoss-owned crypto exchange Gemini have asked a New York federal court to vacate a $5 million settlement ending allegations that Gemini misrepresented a bitcoin futures contract, telling the court that the agency now believes its complaint shouldn't have been filed.

  • May 27, 2026

    Ex-Doximity Exec Gets 2 Years For Insider Trading Scheme

    The former chief revenue officer of medical professional networking platform Doximity Inc. has been sentenced by a New York federal judge to just over two years in prison for securities fraud related to his trading on inside information before the company's earnings calls, prosecutors announced Wednesday.

  • May 27, 2026

    NY Firms Lose Lead Role In Starbucks Shareholder Suit

    A Washington federal judge struck an earlier order granting co-lead roles to two New York law firms in a consolidated shareholder action against Starbucks Corp., handing a win Wednesday to two plaintiffs who'd challenged the appointment and said their own counsel would be better suited for the job.

  • May 27, 2026

    Cummins Beats Emissions Derivative Suits, For Now

    An Indiana federal judge on Wednesday dismissed consolidated shareholder derivative litigation alleging engine manufacturer Cummins Inc.'s top executives breached their fiduciary duties by overseeing a scheme to rig vehicles with emissions-cheating software, prompting $2 billion in penalties to settle regulators' claims concerning Clean Air Act violations.

  • May 27, 2026

    Inovio Brass Hit With Suit Over FDA Approval Claims

    Executives and directors of Inovio Pharmaceuticals Inc. on Wednesday were slapped with a shareholder derivative suit accusing them of damaging the company with misleading statements regarding the likelihood that the U.S. Food and Drug Administration would grant priority review to its DNA medicine.

  • May 27, 2026

    Exxon Investors Approve Legal Move To Texas

    Exxon Mobil Corp. shareholders on Wednesday gave a thumbs-up to the company's proposal to move its legal home to Texas, voting in favor of the proposal despite pushback from proxy advisory firms.

  • May 27, 2026

    CFTC Sends Prediction Markets Proposal To White House

    The U.S. Commodity Futures Trading Commission confirmed to Law360 on Wednesday that it has sent its planned rules for event contracts to the White House for review, marking another step toward issuing prediction market regulations amid jurisdictional battles with state gaming regulators.

  • May 27, 2026

    Stock Trade Co. Wants Out Of Mallinckrodt Clawback Suit

    A high-frequency stock trading firm is asking a Delaware bankruptcy judge to make it the latest defendant dismissed from a bid by Mallinckrodt PLC to recover $1.6 billion paid for stock buybacks before the opioid distributor's bankruptcy.

  • May 27, 2026

    AeroVironment Faces Class Action Over Space Force Contract

    Defense contractor AeroVironment is facing a proposed investor class action accusing several of its executives of misleading shareholders about the outlook for a major U.S. Space Force satellite communications modernization program.

  • May 27, 2026

    BofA Units To Settle Out Of Hedge Fund's Spoofing Suit

    Bank of America has reached a tentative deal for its broker-dealer units to settle out of a hedge fund's long-running lawsuit over alleged manipulation of a former Canadian pharma company's stock, according to a Tuesday filing in New York federal court.

  • May 27, 2026

    Pierce Atwood Rips Billionaire's 'Absurd' Suit Over Asset Sale

    Pierce Atwood and two attorneys urged a Massachusetts federal judge to reject a Ukrainian billionaire's suit blaming them for a $1.8 million damages order in investor litigation over the billionaire's failed biotech company, saying his own wrongdoing led to the judgment.

  • May 27, 2026

    WWE Shareholders Win Sanctions Over Lost Signal Messages

    World Wrestling Entertainment Inc. investors won sanctions in the Delaware Chancery Court after a judge found former CEO Vince McMahon and other senior executives recklessly allowed encrypted and ephemeral Signal messages and other evidence tied to WWE's $21.4 billion merger with Ultimate Fighting Championship to disappear during litigation over the deal.

  • May 27, 2026

    Humana Investor Sues Over Alleged Kickback Scheme

    Humana Inc. is in hot water with an investor following its inability to shake off a False Claims Act suit brought by the U.S. Department of Justice, with a stockholder suit filed in Kentucky on Wednesday saying the insurer's actions have exposed the company to "significant legal and financial risk."

  • May 27, 2026

    Oct. 7 Victims Ask Court To Preserve Binance Terrorism Suit

    Cryptocurrency exchange Binance and its founder should not be allowed to exit the sole remaining claim that they aided and abetted Hamas' October 2023 attack in Israel, plaintiffs say, arguing that this case avoids the flaws that doomed a similar lawsuit.

  • May 26, 2026

    Bridge Stockholders Say They Were Stiffed In Apollo Deal

    A group of Bridge Investment Group Holdings Inc. investors has filed a proposed class action against a handful of the company's executives and directors, claiming that the firm's stock-for-stock merger with Apollo Global Management Inc. led to big gains for Bridge's controlling stockholders that weren't shared with public, minority stockholders.

  • May 26, 2026

    NY Lawyer Gets A Year After $20M Emigrant Bank Fraud Trial

    A compliance lawyer convicted at trial for allegedly conning an Emigrant Bank unit out of $20 million by lying about his investment firm's tax lien collateral was sentenced Tuesday in Manhattan federal court to a year and a day in prison for what prosecutors say was a straight-up scheme to steal from a Federal Deposit Insurance Corporation-insured bank. 

  • May 26, 2026

    Investors, Schwab Defend Antitrust Settlement At 5th Circ.

    Charles Schwab and its investors have urged the Fifth Circuit to affirm a final deal they reached in Texas federal court to conclude an antitrust suit over its merger with TD Ameritrade, arguing among other things that Iowa's attorney general lacks standing to appeal the class settlement.

  • May 26, 2026

    Conn. Tribes Seek Role In CFTC Betting Preemption Fight

    The Mohegan Tribe of Indians of Connecticut and the Mashantucket Pequot Tribal Nation on Tuesday moved to intervene in the Commodity Futures Trading Commission's suit over Connecticut regulators' attempts to shut down certain prediction markets.

  • May 26, 2026

    Quinn Emanuel Sues To Collect $1.5M From Binance's Zhao

    Quinn Emanuel has filed suit in Washington, D.C., against former Binance CEO Changpeng Zhao, who was pardoned by President Donald Trump last fall, asking the court to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

  • May 26, 2026

    NJ Justices Revive Restaurant Franchise Fraud Conviction

    The New Jersey Supreme Court on Tuesday unanimously reinstated a businessman's theft-by-deception conviction on Tuesday, ruling that exculpatory documents purportedly discovered after trial could have been found earlier through reasonable diligence and warning that some of the submissions may be fraudulent.

  • May 26, 2026

    SEC's Atkins Floats Loosening IPO Communication Rules

    U.S. Securities and Exchange Commission Chairman Paul Atkins said Tuesday evening that the agency is in the process of writing rules aimed at encouraging more companies to go public, including by potentially relaxing prohibitions on communication between prospective public companies and investors.

  • May 26, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled a broad mix of cross-border corporate control disputes, merger settlements, startup equity fights, advancement claims and board oversight litigation, while also weighing fallout from high-profile deals involving Microsoft Corp., The Boeing Co. and Nikola Corp.

  • May 26, 2026

    Fla. Judge Quashes Lutnick Subpoena In Trump Media Fight

    A Florida state judge quashed a subpoena to U.S. Commerce Secretary Howard Lutnick in a dispute over taking President Donald Trump's Truth Social platform public, finding Tuesday that Lutnick was not properly served the subpoena at his part-time Florida residence.

  • May 26, 2026

    Crypto Co. Partner Looks To Escape $58M Fraud, RICO Suit

    The co-founder of a cryptocurrency data company accused by his former partner of a $58 million scheme to divert tokens offshore said the suit should be dismissed because it "impermissibly conflates" him with other business entities to bring additional contract claims.

  • May 26, 2026

    Cummins Investors' $1.6M Emissions Suit Deal Gets Final OK

    Engine manufacturer Cummins Inc. and its investors have received final approval of a $1.6 million deal ending claims the company hurt investors by hiding emissions control devices in certain engines, causing it to owe $2 billion in payments to regulators to settle Clean Air Act claims.

Expert Analysis

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Coinbase Ruling Outlines Litigation Committee Conflict Risks

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    The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • OCC Mortgage Escrow Rules Add Fuel To Preemption Debate

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    Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.

  • When Tokenized Real-World Assets Collide With Real World

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    The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • Opinion

    Corporations Should Think Twice About Mandatory Arbitration

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    The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Navigating New Risks Amid Altered Foreign Issuer Landscape

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    The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

  • Open Questions After Defense Contractor Executive Order

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    The scope and long-term effects of President Donald Trump’s executive order on the U.S. defense industrial base are uncertain, but the immediate impact is significant as it appears to direct the U.S. Department of Defense to take a more active role in contractor affairs, say attorneys at Morgan Lewis.

  • Tips From Del. Decision Nixing Major Earnout Damages Award

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    The Delaware Supreme Court recently vacated in part the largest earnout-related damages award in Delaware history, making clear that the implied covenant of good faith and fair dealing cannot be used to rescue parties from drafting choices where the relevant regulatory risk was foreseeable at signing, say attorneys at Sullivan & Cromwell.

  • How Securities Class Action Deals Fare After Prelim Approval

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    An analysis of Institutional Shareholder Services data from the last 10 years shows that preliminarily approved class action settlements are unlikely to be denied in the final-approval stage, while procedural delays are more common than withdrawal or termination, says Rahul Chhabra at Charles River Associates.

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

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