Securities

  • April 13, 2026

    United Homes Faces Investor Suit Over Discounted Sale Plan

    Homebuilder United Homes Group Inc. faces a proposed investor class action alleging the company hid that its former CEO schemed to devalue the company as he gunned to sell it off, leading to a proposed sale that caused significant shareholder losses by cutting the company's valuation in half. 

  • April 13, 2026

    Aspiration's Ch. 7 Trustee Sues To Block Calif. Fraud Suit

    The Chapter 7 trustee for Aspiration Partners Inc. has sued investors who have alleged in California state court that the company's co-founder and others defrauded them, telling a Delaware bankruptcy court the civil case risks depleting estate assets that should be shared among all of Aspiration's creditors.

  • April 13, 2026

    Investors Seek Class Cert. In Aramark, Vestis Spinoff Suit

    A group of institutional investors has asked a Georgia federal judge to certify a class in their proposed securities class action accusing uniform supplier Vestis Corp. and food and facilities services giant Aramark of making misleading statements about Vestis' operations and customer relationships prior to its 2023 spinoff from Aramark.

  • April 13, 2026

    Tech Co. Can't Duck Ponzi Scheme Claims Over Data Boxes

    A Pennsylvania federal judge declined to dismiss civil Racketeer Influenced Corrupt Organization claims against a tech company and others filed by a business alleging it was duped into buying billboard-adjacent data collection boxes on the false premise that the information would be sold to Intel.

  • April 13, 2026

    Cooley Adds Ex-Silver Lake Leader To Private Equity Team

    Cooley LLP has strengthened its private equity offering by adding Silver Lake's former legal director of fund formation as a New York-based partner, the firm announced Monday.

  • April 13, 2026

    Robbins Geller To Lead Investor Suit Despite Filing Glitch

    A New York federal judge has appointed Robbins Geller Rudman & Dowd LLP as lead counsel in a proposed class action against BellRing Brands, the owner of Premier Protein and other supplement brands, after finding a lead counsel bid that was filed six minutes past the deadline due to a technical glitch was excusable.

  • April 13, 2026

    Symetra Inks $44.4M Deal With AME Church Employees

    Symetra Life Insurance Co. will pay $44.4 million to end multidistrict litigation from a class of African Methodist Episcopal Church workers who alleged that mismanagement of their annuity retirement plan allowed a rogue employee to embezzle $90 million, according to filings in Tennessee federal court.

  • April 13, 2026

    Chancery Approves $70M Deal In Covetrus Take-Private Suit

    The Delaware Chancery Court on Monday approved a $70 million settlement resolving stockholder claims over the 2022 take-private sale of animal health company Covetrus Inc., finding the deal provides a meaningful recovery for investors while avoiding the risks of continued litigation.

  • April 10, 2026

    SEC Suit Over $200M Water Machine Scheme Put On Ice

    A New York federal judge on Friday paused the U.S. Securities and Exchange Commission's civil suit against an Indiana man accused of participating in a $200 million Ponzi scheme, ruling that allowing discovery to go forward could interfere with the government's parallel criminal case.

  • April 10, 2026

    Sens. Urge CFTC To Probe 'Unusual' Oil Trading Patterns

    U.S. Sens. Elizabeth Warren, D-Mass., and Sheldon Whitehouse, D-R.I., called on the U.S. Commodity Futures Trading Commission to investigate "unusual trading patterns" in oil futures that took place right before President Donald Trump announced talks with Iran, including the recently announced ceasefire.

  • April 10, 2026

    Ariz. Prediction Markets Regulation, Kalshi Charges Halted

    A Phoenix federal judge on Friday temporarily blocked Arizona from enforcing its gambling laws against federally regulated prediction markets, saying the U.S. Department of Justice and the U.S. Commodity Futures Trading Commission are likely to succeed on their claims that Arizona's laws are preempted by federal law.

  • April 10, 2026

    REIT Investors Ink Deal Over CEO's Alleged Undisclosed Loan

    Investors in Sun Communities Inc. asked a Michigan federal judge to grant initial approval to their $2.3 million deal with the real estate investment trust to end claims that its failure to disclose its then-CEO received a loan from a board member's relatives damaged shareholders when the information emerged in a short seller report.

  • April 10, 2026

    Big Banks Say They Were Victims Of Tricolor Fraud Scheme

    JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings, arguing that they were also victims of the fraud and not aware of the scheme despite being sophisticated financial institutions.

  • April 10, 2026

    SEC To Craft Exemption For Foreign Bail-In Transactions

    U.S. Securities and Exchange Commission Chair Paul Atkins said Friday that he has directed staff to draft an exemption for securities offered and sold as part of certain foreign bail-in processes, announcing the plans as the agency said it won't take action over bail-in transactions directed by the Bank of England.

  • April 10, 2026

    Trump Media Pans Truth Social Backers' Bid To Depose Trump

    Trump Media & Technology Group urged a Florida state judge to deny a bid by former backers of President Donald Trump's Truth Social platform to stay its July trial over taking the company public, saying the court shouldn't wait on the defendants' too-late appeal related to deposing the president.

  • April 10, 2026

    CFTC Taps Latham, Sidley Attys For Innovation Task Force

    The Commodity Futures Trading Commission has tapped alumni of Latham & Watkins LLP, Sidley Austin LLP and advisory firm Patomak Global Partners LLC for its task force developing regulatory framework for cryptocurrency, artificial intelligence and prediction markets.

  • April 10, 2026

    11th Circ. Sinks Firm's $1.5M Win Over 'Illegal' ESOP Advice

    The Eleventh Circuit threw out a $1.5 million verdict awarded to a financial advisory firm that alleged its former client backed out of an employee stock ownership plan contract, ruling Friday that the firm could not recover for the cost of the "illegal investment advice" it furnished.

  • April 10, 2026

    Coty Brass Hid Struggling Beauty Brands Sales, Suit Says

    Executives and directors of beauty giant Coty Inc. were hit with a shareholder's derivative suit accusing them of damaging the company by falsely claiming that sales in both its consumer and prestige beauty segments were improving when both divisions were actually struggling.

  • April 10, 2026

    Simpson Thacher-Led Blackstone Preps Data Center REIT IPO

    Blackstone Digital Infrastructure Trust Inc., a newly formed real estate investment trust focused on data centers, filed plans April 10 for an initial public offering, with guidance from Simpson Thacher & Bartlett LLP and underwriters' counsel Paul Hastings LLP.

  • April 10, 2026

    Texas REIT Discloses $53M RealPage Settlement With Renters

    A Texas-based real estate investment trust has reached a $53 million class action settlement for multidistrict litigation in Tenneseee federal court that accused the REIT and multiple landlords of using property management software company RealPage Inc.'s revenue management software for rent price-fixing.

  • April 10, 2026

    Social Media Influencer Gets 6 Years For $20M Ponzi Scheme

    A social media finance influencer who pled guilty to wire fraud and abetting a false tax filing tied to a $20 million real estate Ponzi scheme was sentenced Friday to six years in prison by an Ohio federal judge.

  • April 10, 2026

    Chancery Tosses Orchid Suit Over Investor Jurisdiction

    The Delaware Chancery Court on Friday dismissed a declaratory judgment suit brought by Orchid Global Inc. against a minority stockholder, finding the court lacks personal jurisdiction over the California-based investor despite the company's reliance on its forum selection bylaws.

  • April 09, 2026

    Binance Can't Push Investor Suit Into Arbitration

    Binance and its former CEO Changpeng Zhao cannot force into arbitration a proposed class action alleging that the crypto trading platform knowingly violated U.S. regulatory requirements by failing to implement an effective anti-money laundering program and offering and selling unregistered securities, a Florida federal judge ruled Thursday.

  • April 09, 2026

    Citron Founder Loses Bid To Trim DOJ Fraud Case

    A California federal judge has rejected Citron Research founder Andrew Left's bid to trim the federal government's criminal securities fraud case, saying the indictment's first count is not "duplicitous" because it alleges a single market-manipulation scheme involving multiple misleading statements and does not need to be split into multiple counts.

  • April 09, 2026

    FINRA Fines Firm For Letting Execs Supervise Themselves

    A small broker-dealer will pay the Financial Industry Regulatory Authority $125,000 to end claims including that it allowed certain principals to handle supervisory reviews of their own electronic communications, running afoul of its record review obligations for about seven years.

Expert Analysis

  • Series

    Law School's Missed Lessons: Practical Problem Solving

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    Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.

  • Crypto In 2025: From Federal Deregulation To State Action

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    The cryptocurrency enforcement landscape evolved in 2025, marked by federal deregulatory trends and active state attorney general enforcement, creating both opportunity and risk for businesses navigating the digital asset market, say attorneys at Cozen O'Connor.

  • How CFTC Enforcement Shifted In 2025 And What's Next

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    The U.S. Commodity Futures Trading Commission pivoted sharply under acting Chairman Caroline Pham in 2025, resulting in a pared-back enforcement docket, sweeping policy changes intended to provide greater transparency, and a renewed focus on fraud prevention and maintaining market integrity for the CFTC's core markets, say attorneys at Moore & Van Allen.

  • Opinion

    A Uniform Federal Rule Would Curb Gen AI Missteps In Court

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    To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.

  • Investment Advisers Should Stay Apprised Of New AI Risks

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    The U.S. Securities and Exchange Commission's recently issued annual examination priorities reiterate a host of regulatory implications for investment advisers using artificial intelligence tools, highlighting that meaningful ongoing due diligence can help mitigate both operational and regulatory surprises amid AI's rapid evolution, says Christopher Mills at Sidley.

  • 9th Circ. Ruling Clarifies Auditor Liability For IPO Errors

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    The Ninth Circuit's recent decision in Hunt v. PricewaterhouseCoopers elucidates the legal standard for claims against auditors in connection with a company's initial public offering, confirming that audit opinions are subjective and becoming the first circuit to review this precise question since the U.S. Supreme Court's 2015 Omnicare ruling, say attorneys at Morgan Lewis.

  • Series

    The Law Firm Merger Diaries: Integrating Practice Groups

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    Enacting unified leadership and consistent client service standards ensures law firm practice groups connect and collaborate around shared goals, turning a law firm merger into a platform for growth rather than a period of disruption, says Brian Catlett at Fennemore Craig.

  • The Tricky Issues Underscoring Prediction Market Regulation

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    Prediction markets are not merely testing the boundaries of commodities law — they are challenging the conventional divisions between gambling regulation and financial market oversight, and in doing so, may reshape both, says Braeden Anderson at Gesmer Updegrove.

  • Opinion

    Supreme Court Term Limits Would Carry Hidden Risk

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    While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.

  • The SEC Whistleblower Program A Year Into 2nd Trump Admin

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    The U.S. Securities and Exchange Commission's whistleblower program continues to operate as designed, but its internal cadence, scrutiny of claims and operational structure reflect a period of recalibration, with precision mattering more than ever, say attorneys Scott Silver and David Chase.

  • Key Crypto Class Action Trends And Rulings In 2025

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    As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris.

  • How New SEC Policies Shift Shareholder Proposal Landscape

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent remarks provide a road map for public companies to exclude nonbinding shareholder proposals from proxy materials, which would disrupt the mechanism that has traditionally defined how shareholders and companies engage on governance matters, say attorneys at Gunderson.

  • Series

    Knitting Makes Me A Better Lawyer

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    Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

  • Series

    The Biz Court Digest: Welcome To Miami

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    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • Identifying And Resolving Conflicts Among Class Members

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    As the Fifth Circuit's recent decision in Nova Scotia Health Employees' Pension Plan v. McDermott International illustrates, intraclass conflicts can determine the fate of a class action — and such conflicts can be surprisingly difficult to identify, says Andrew Faisman, a clerk at the U.S. District Court for the Southern District of New York.

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