Securities

  • June 03, 2026

    WWE Post-Merger Evidence In Play For Chancery Trial

    The Delaware Chancery Court on Wednesday declined to exclude two disputed categories of evidence ahead of next week's trial over World Wrestling Entertainment's $21.4 billion merger with UFC parent Endeavor Group Holdings Inc., allowing both sides to present arguments that could play an important role in the closely watched case.

  • June 03, 2026

    Helen Of Troy Oversold Restructuring Benefits, Investors Say

    Consumer goods company Helen of Troy Ltd. faces a proposed investor class action alleging it concealed its struggles to restructure after a spate of acquisitions, hurting investors as its trading prices sank when financial fallout from the problems became public.

  • June 03, 2026

    Paul Weiss Hires Deals Pro From Dechert In NY

    Paul Weiss Rifkind Wharton & Garrison LLP announced Monday that it has welcomed a corporate partner from Dechert LLP, touting his role in large mergers and acquisitions in the life sciences, financial services, consumer and retail, energy, technology and industrial sectors.

  • June 02, 2026

    Reddit's Reply To Bylaw Protest Likely AI-Made, Investor Says

    A Reddit investor sued in Delaware's Chancery Court on Monday alleging that when he challenged a charter provision that he says unlawfully restricts investors from removing board members designated by Reddit's biggest shareholder, the social media company responded with an "absurd" argument that appears to have been generated by artificial intelligence.

  • June 02, 2026

    Virtu Insider Buyback Suit Survives Dismissal Bid

    The Delaware Court of Chancery on Tuesday refused to dismiss a stockholder lawsuit accusing Virtu Financial Inc.'s founder and top executives of using the company's share repurchase program to unfairly enrich insiders at the expense of public investors, finding that the claims were reasonably supported at the pleading stage.

  • June 02, 2026

    Aspiration Co-Founder Gets 14 Yrs In $248M Fraud Scheme

    Joseph Sanberg, co-founder of the now defunct, celebrity-backed and sustainability-focused financial services company Aspiration Partners, has been sentenced to 14 years in prison by a California federal judge, stemming from a years-long scheme where he defrauded more than 130 victims of at least $248 million. 

  • June 02, 2026

    R1 Deal Defendants Urge Chancery To Toss Investor Suit

    Counsel for TowerBrook Capital Partners LP and Ascension Health Alliance urged the Delaware Chancery Court on Tuesday to dismiss a stockholder suit over medical company R1 RCM Inc.'s $8.9 billion take-private deal, arguing that the investors did not control the company under Delaware law.

  • June 02, 2026

    Brooklyn Party Boss Seddio Faces Sanctions In $2M 'Theft'

    Longtime political powerbroker Frank Seddio took the stand in New York state court on Tuesday as he faces sanctions for allegedly blocking the recovery of $2 million in escrow money, allegedly stolen as part of a wide-ranging embezzlement scheme linked to the arrest of his client and a former Brooklyn state judge.

  • June 02, 2026

    Iran's Biggest Crypto Exchange Hit With US Sanctions

    The U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned Iran's largest crypto exchange and three other crypto platforms Tuesday for allegedly aiding the Iranian government and evading sanctions amid the Trump administration's efforts to put economic pressure on Iran.

  • June 02, 2026

    Raymond James, Ex-VP Wrap Up Sex Bias Case

    Financial services company Raymond James and a former vice president who said she was fired for complaining about sexism and denied promotions formally ended their Florida federal court battle Tuesday, almost two years after the company got her case kicked to arbitration.

  • June 02, 2026

    EV Co. Hit With Investor Suit Over Sales And Deliveries

    Electric vehicle maker Lucid Group Inc. was hit with a proposed investor class action alleging that the company made misleading statements about its production and sales before revealing an issue with a supplier was affecting vehicle deliveries, adding to the list of shareholder litigation it faces over production.

  • June 02, 2026

    Pharma Co. Inks $7M Deal To End Investor's Cancer Study Suit

    A Spectrum Pharmaceuticals Inc. investor has asked a New York federal court to approve a $7 million deal resolving class action claims alleging the drugmaker overstated its regulatory prospects for winning approval for a cancer treatment.

  • June 02, 2026

    Investors Say Anadarko Ex-Banker's Opinions Are Unreliable

    A class of investors suing Oxy-acquired Anadarko Petroleum Corp. for allegedly lying to them about the value of the Shenandoah deepwater oil field project in the Gulf of Mexico told the court that the company's former banker would provide unreliable and legally improper expert testimony to jurors.

  • June 02, 2026

    SEC Floats Strategic Plan For Next Four Years

    The U.S. Securities and Exchange Commission on Tuesday said it plans to reevaluate how administrative proceedings operate and to write regulations governing the cryptocurrency industry, calling for public feedback as it put forth Chairman Paul Atkins' vision for running the agency over the next four years. 

  • June 02, 2026

    NY, EU Banking Agencies To Share Stablecoin Oversight Info

    New York's Department of Financial Services and the European Banking Authority said Tuesday that they plan to share information about their respective supervision, monitoring and investigations of stablecoin issuers and markets under a new memorandum of understanding.

  • June 02, 2026

    Trump Taps Housing Finance Head For Intelligence Role

    President Donald Trump announced Tuesday on Truth Social that he was naming Federal Housing Finance Agency head and political ally William Pulte as acting director of national intelligence.

  • June 02, 2026

    CFTC Awards More Than $8M To 5 Whistleblowers

    The Commodity Futures Trading Commission has awarded more than $8 million to five whistleblowers who, the derivatives market regulator said, provided information leading to an enforcement action against a fraudulent scheme.

  • June 02, 2026

    Kalshi Looks To Halt Minnesota Sports Prediction Market Ban

    Kalshi has moved to freeze the enforcement of a new Minnesota law barring prediction markets, telling a federal judge the company will face "acute" harm if it is unable to offer sports event contracts on its online platform.

  • June 02, 2026

    Texas Crypto Group Ordered To Halt Unregistered Token Sales

    The Texas State Securities Board announced it has entered an emergency order to halt a purported property group, its principals and an associated Texas resident from offering and selling unregistered and fraudulent tokenized real estate investments, saying the conduct "threatens immediate and irreparable public harm."

  • June 02, 2026

    11th Circ. May Lower Bar For Getting ERISA Claims To Court

    Several Eleventh Circuit judges voiced support during en banc arguments Tuesday for overturning precedent backing the appellate court's exhaustion requirement for federal benefits claims, signaling the potential reinstatement of a proposed class action alleging mismanagement of a seafood company's employee stock ownership plan.

  • June 02, 2026

    Feds Scrub 'Reputation Risk' From Raft Of Banking Guidance

    Federal banking regulators said Tuesday that they are reissuing a slew of longstanding guidance documents to take out mentions of so-called reputation risk, the latest move in the Trump administration's push to eliminate bank examiners' use of the concept.

  • June 01, 2026

    SEC Defends Deal Over Musk's Late Twitter Buy-Up Disclosure

    The U.S. Securities and Exchange Commission on Monday defended its settlement with Elon Musk over his initial purchase of Twitter stock in 2022, saying the deal was not the result of collusion, after the D.C. federal judge overseeing the case questioned whether Musk was getting special treatment.

  • June 01, 2026

    Citron Founder Convicted Of Manipulating Stock Prices

    A California federal jury Monday returned a verdict finding Citron Research founder Andrew Left guilty of using his public platform, including tweets, to manipulate the stock prices of a slew of companies, according to the U.S. Department of Justice.

  • June 01, 2026

    Investors Say Overnight Crypto Founder 'Diverted' $12.5M

    A California federal judge on Monday dissolved a temporary order freezing $12.5 million in crypto at the center of a proposed class action from investors who claim the founder of crypto project Overnight "diverted" funds after promising them a share of control.

  • June 01, 2026

    Valeant Investors Should Get Cert. In PwC Fight, Report Says

    A special master recommended Monday that a New Jersey federal judge certify a class of Valeant Pharmaceuticals stockholders looking to hold PwC liable for missing "red flags" that could have caught what they called market manipulation by the pharmaceutical company, rejecting the professional services giant's argument that the lead plaintiff's claims are atypical and "lawyer-driven."

Expert Analysis

  • Binance Win Shows Constraints On Anti-Terrorism Act Claims

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    The Southern District of New York's recent ruling in Troell v. Binance illustrates that the Second Circuit's earlier decision in Ashley v. Deutsche Bank is holding weight with courts, and companies facing aiding and abetting risk should thus monitor evolving case law and assess exposure based on nexus allegations, say attorneys at Freshfields.

  • Understanding The Insider Trading Gap In Prediction Markets

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    While the first-ever insider trading indictment involving a prediction market — the recent prosecution of a service member involved in the capture of Nicolás Maduro — comprised extreme facts and straightforward legal theories, future cases will test the bounds of insider trading law, say attorneys at Baker McKenzie.

  • Heppner Ruling Left AI Privilege Risk For Lawyers Unresolved

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    While a New York federal judge’s recent ruling in U.S. v. Heppner resolved a privilege question surrounding client-side artificial intelligence use, it did not address how to mitigate the risks that can arise when confidential information enters the operative context of an AI system used by an attorney, says Jianfei Chen at Quarles & Brady​​​​​​​.

  • The Growing Importance Of Nature-Related Disclosures

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    The International Sustainability Standards Board's recent vote to develop nonmandatory nature‑related disclosure guidance reduces immediate compliance pressure, but it does not eliminate the practical relevance of such risks for companies that already prepare sustainability reports or operate across jurisdictions with differing expectations, say attorneys at ArentFox Schiff.

  • Expect US Enforcers' Cartel Crackdown To Continue

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    Since agencies’ coordinated enforcement efforts targeting cartel-related activity have not slowed, U.S. companies in Latin America should assess new business lines for designated-cartel ties, scrutinize highest-risk third parties, and enhance training and internal investigation practices, say attorneys at Miller & Chevalier.

  • How To Limit Accounting Fraud Risk As SEC Focus Persists

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    Despite the U.S. Securities and Exchange Commission's pullback on crypto, cybersecurity and recordkeeping cases, accounting fraud remains a core enforcement priority, making it important for public companies and auditors to strengthen controls, investigations and whistleblower processes, say attorneys at Pillsbury.

  • The Ethics And Practicalities Of Representing AI Agents

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    With autonomous artificial intelligence agents now able to take action without explicit instructions from — or the awareness of — their human owners, the bar must confront whether existing frameworks like informed consent and client privilege will be sufficient on the day an AI agent calls seeking counsel, say attorneys at Morrison Cohen.

  • OCC Proposal Frames Key Genius Act Implementation Issues

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    The Office of the Comptroller of the Currency's recently proposed rule under the Genius Act previews federal expectations on permissible activities for stablecoin issuers, offering an early guide to potential compliance burdens and state-federal equivalency debates as the stablecoin regulatory regime continues to take shape, say attorneys at Alston & Bird.

  • Surveying The CFTC Campaign To Control Prediction Markets

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    The U.S. Commodity Futures Trading Commission is simultaneously asserting exclusive jurisdiction over prediction markets and signaling aggressive enforcement within them, a combination that will reshape the regulatory landscape for event contract platforms — pending the outcome of several court cases throughout the country and a likely circuit split, say attorneys at Paul Weiss.

  • Opinion

    The SEC Should Institute A New Enforcement Scorecard

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    Amid controversy over the recent release of the U.S. Securities and Exchange Commission's annual enforcement statistics, the SEC should use a new scorecard that measures how well the Division of Enforcement detects and stops intentional fraud in order to refocus on its core mission of investor protection, says Peter Chan at Baker McKenzie.

  • Series

    Speed Jigsaw Puzzling Makes Me A Better Lawyer

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    My passion for speed puzzling — I can complete a 500-piece jigsaw puzzle in under 50 minutes — has sharpened my legal skills in more ways than one, with both disciplines requiring patience, precision and the ability to keep the bigger picture in mind while working through the details, says Tazia Statucki at Proskauer.

  • How To Reconcile AI Opacity And Advisers' Fiduciary Duties

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    Firms that treat fiduciary compliance as a foundation for responsible artificial intelligence adoption will be best positioned when the U.S. Securities and Exchange Commission moves from implicit expectations to explicit rules regarding advisers' core duties, as those are unlikely to change, says Ivor Wolk at Manatt.

  • Insider Trading Safeguards Can Mitigate Sports Betting Risk

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    As the rapid growth of sports betting heightens the risk that sensitive information held by coaches, players and staff may be improperly exploited, sports organizations can look to the securities context to safeguard information and address potential misconduct, say attorneys at Patterson Belknap.

  • Bet On Prediction Market Regulation To Accelerate

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    Watershed developments concerning prediction markets — such as the first insider trading charges, major speeches from U.S. Commodity Futures Trading Commission leadership, and the introduction of rulemaking and legislation — dominated the first quarter of 2026, a trend that will likely continue throughout the rest of the year, say attorneys at K&L Gates.

  • New Risks Emerge As States Push Proxy Voting Legislation

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    Recent state proxy voting laws have increasingly emphasized financial returns while intensifying scrutiny of proxy advisory firms and stewardship practices, creating new compliance challenges and risks, according to attorneys at Morgan Lewis.

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