Securities

  • June 12, 2026

    Zoetis Brass Face Derivative Suit Over Pet Meds Statements

    Directors and officers of animal health company Zoetis Inc. have been hit with shareholder derivative claims that they breached their fiduciary duties by concealing that safety warnings about one of its products and increasing competition were hurting the company's bottom line.

  • June 12, 2026

    CFTC Sues New Mexico Over Prediction Market Enforcement

    The legal feud between federal and state regulators over sports-related prediction market offerings expanded Friday as New Mexico became the eighth state to be sued by the U.S. Commodity Futures Trading Commission for treating those contracts as illegal gambling.

  • June 12, 2026

    Insider Trading Defense May Draw On 'Varsity Blues' Playbook

    After enlisting a crew of experienced attorneys, defendants charged in an insider trading case allegedly involving deal information stolen from huge law firms are preparing to use a strategy that could take some cues from the "Varsity Blues" case in the same Boston courthouse.

  • June 12, 2026

    Former Pot Co. Execs And Wrigley Heir Settle Stock Fraud Suit

    A group of former executives for medical marijuana company Parallel and the heir to the Wrigley gum fortune have reached a settlement in principle to end claims that Wrigley lied about share prices to lure in executive talent.

  • June 12, 2026

    Taxation With Representation: Gibson Dunn, Davis Polk, S&C

    In this week's Taxation With Representation, SpaceX prices a $75 billion initial public offering at its designated price range, Apollo Global Management leads a capital commitment for a Broadcom initiative to build artificial intelligence infrastructure for companies including Anthropic, and pharma giant GSK acquires cancer therapy specialist Nuvalent.

  • June 12, 2026

    Trader Admits Fib To SEC, Avoids $600M Fraud Trial

    A former California investment executive told a Manhattan federal judge Friday that he lied to the U.S. Securities and Exchange Commission, copping to a lesser count of obstruction after prosecutors initially charged him with a $600 million "cherry-picking" fraud.

  • June 11, 2026

    Meta Beats Investors' Suit Over AI-Powered Facebook Scams

    A California federal judge tossed a proposed class action alleging that Meta's AI tools enabled investment schemes advertised on Facebook, finding Thursday that his own earlier ruling means that the plaintiffs' state claims are barred under federal securities law.

  • June 11, 2026

    Ex-CEO Seeks To Again Depose Lutnick In Trump Media Suit

    The former CEO of a company that merged with President Donald Trump's Truth Social platform urged a Florida state court on Thursday to again allow him to depose U.S. Secretary of Commerce Howard Lutnick, arguing his testimony is highly relevant to the lawsuit over a botched public offering.

  • June 11, 2026

    Gibson Dunn, Davis Polk Launch SpaceX's Record $75B IPO

    Elon Musk's SpaceX on Thursday priced a $75 billion initial public offering at its designated price range, represented by Gibson Dunn & Crutcher LLP and underwriters' counsel Davis Polk & Wardwell LLP, marking the largest IPO in history.

  • June 11, 2026

    Guess Investors Claim Take-Private Deal Skirts Reforms

    Guess Inc. investors have hit the luxury apparel company's top brass with a putative securities class action in Delaware Chancery Court, alleging the company's take-private sale to Authentic Brands Group LLC unfairly cashed out public investors to benefit executives and circumvented governance reforms imposed to curb co-founder Paul Marciano's alleged sexual misconduct.

  • June 11, 2026

    SEC Says PE Fund Hiding Info In Sealed Monitor Reports

    The U.S. Securities and Exchange Commission asked a Florida federal court on Wednesday to unseal reports by a court-appointed monitor of a private equity firm accused of defrauding investors in a $1 billion fund, arguing that the firm is abusing a sealing order to hide information from investors.

  • June 11, 2026

    Sports Prediction Co. Wins CFTC OK To Launch Event Market

    Sports prediction company ProphetX on Thursday received approval from the U.S. Commodity Futures Trading Commission to register as a federally regulated prediction market exchange focused on sports-based event contracts, becoming the first American sports-native, direct-clearing prediction market to launch and operate in full compliance with federal law.

  • June 11, 2026

    Ex-Bank Chief Admits Role In Odebrecht Tax Evasion Plot

    The former CEO of Austrian lender Meinl Bank AG on Thursday pled guilty in Brooklyn federal court after a yearslong fight over accusations he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government out of more than $100 million in taxes. 

  • June 11, 2026

    Another GOP Nominee For SEC Could Violate Law, Dems Say

    Senate Banking Committee Democrats are warning the White House not to put another Republican on the U.S. Securities and Exchange Commission without also naming a Democrat, saying it would violate a federal mandate for partisan balance.

  • June 11, 2026

    Ex-Pharma Exec Fights SEC 'Shadow Trading' Win At 9th Circ.

    An ex-Medivation Inc. executive urged the Ninth Circuit on Thursday to scrap a jury verdict finding him liable in the U.S. Securities and Exchange Commission's first-ever "shadow trading" case, arguing the company's own policies permitted the trades and affirming the verdict will allow companies to adopt vague trading policies.

  • June 11, 2026

    CFTC Eyes Faster 30% Whistleblower Awards In Small Cases

    The U.S. Commodity Futures Trading Commission is looking to amend its whistleblower rules to align with those of the U.S. Securities and Exchange Commission and to establish an immediate minimum 30% payout for whistleblower awards of $5 million or less.

  • June 11, 2026

    SEC Proposes Rescinding Trade-Through Rule

    The U.S. Securities and Exchange Commission on Thursday proposed rescinding its rule preventing exchanges from executing trades at lower prices than the best displayed price available on other exchanges, with SEC Chairman Paul Atkins calling the measure "a grave misstep."

  • June 11, 2026

    Cloudflare Founders Are Sued Over Voting Control Plan

    Technology company Cloudflare Inc. and its founders, Matthew Prince and Michelle Zatlyn, are facing a Delaware Chancery Court shareholder lawsuit that seeks to block a proposed recapitalization plan, alleging the transaction would let them continue selling billions of dollars' worth of stock while preserving their voting control over the internet infrastructure company.

  • June 11, 2026

    239M Napster Shares Stolen By NC Man And Atty, SEC Says

    The U.S. Securities and Exchange Commission filed a civil suit in New York federal court Thursday against a North Carolina resident and his lawyer over an alleged stock scheme, claiming they defrauded the company that acquired Napster out of 239 million shares of its stock.

  • June 11, 2026

    Pasco Bank Ex-CEO Alleges He Was Fired For Going To OCC

    The First National Bank of Pasco faces accusations it retaliated against its CEO by firing him after he made a whistleblower report about suspected compliance issues at the bank to the Office of the Comptroller of the Currency.

  • June 11, 2026

    Investment Adviser Gets 4 Years For Fake Shares Sales

    An Italian citizen who managed a New York-based investment advisory firm will serve four years in prison for his role in a multimillion-dollar scheme to defraud investors hoping to access shares of private companies.

  • June 11, 2026

    SDNY US Atty Jay Clayton Picked For DNI After Pulte Pushback

    President Donald Trump announced on Thursday he's nominating Jay Clayton, U.S. attorney for the Southern District of New York, to be director of national intelligence.

  • June 11, 2026

    Via Transportation Hit With Investor Suit Over $493M IPO

    Technology company Via Transportation Inc. and certain executives and underwriters face a proposed investor class action alleging that the company failed to disclose slowing growth and challenges to expanding its business in the German market before its roughly $493 million initial public offering in September 2025.

  • June 11, 2026

    Ex-Moelis Banker Avoids Prison After US Trip To Admit Guilt

    A Manhattan federal judge allowed a former Moelis & Co. investment banker to avoid prison Thursday after he voluntarily traveled to the United States to cop to his role in a large insider trading conspiracy that profited from stolen merger secrets.

  • June 11, 2026

    B. Riley Buyout Suit Nears $4.35M Settlement

    A proposed $4.35 million settlement would end a Delaware Chancery Court stockholder suit accusing former National Holdings Corp. Chairman and CEO Michael Mullen of breaching his fiduciary duties in connection with the company's 2021 sale to B. Riley Financial Inc., according to papers filed Wednesday.

Expert Analysis

  • CFTC's No-Action Relief Fuels Energy Market Competition

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    The U.S. Commodity Futures Trading Commission recently launched a pilot program aimed at expanding access to energy markets, reflecting a shift toward supporting robust derivatives markets that balance regulatory safeguards with the needs of commodity end users, say attorneys at Moore & Van Allen.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • AG Watch: Ohio Targets DEI Policies

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    As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.

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