Securities

  • May 13, 2026

    Dems Target Ethics, Illicit Finance In Crypto Bill Amendments

    Lawmakers have offered over 100 amendments ahead of the Senate banking committee's Thursday markup of its latest proposal to regulate crypto markets, with Democrats proposing the lion's share of changes in an effort to add ethics language and beef up provisions addressing crypto's use in illicit finance.

  • May 13, 2026

    Pa. Crypto Scam Convict In Custody Over Fake Girlfriend, $60

    A convicted cryptocurrency scammer used a fake girlfriend to convince an old acquaintance to give him money and set up accounts for new crypto investments, which a federal judge said Wednesday was grounds for revoking his release while he awaited sentencing.

  • May 13, 2026

    French Fry Co. Can't Beat Investor Suit Over Software Rollout

    An Idaho federal judge has largely denied frozen potato products company Lamb Weston Holdings Inc.'s bid to dismiss a proposed shareholder suit accusing it of botching the rollout of an enterprise resource planning system, saying the investors have sufficiently alleged the company sought to downplay challenges after the software went live.

  • May 13, 2026

    SEC's New Enforcement Chief Touts 'Back To Basics' Message

    The U.S. Securities and Exchange Commission's new head of enforcement affirmed Wednesday that he fully supports Chairman Paul Atkins' focus on "quality over quantity" regarding cases, amid a dramatic decrease in original enforcement actions at the agency.

  • May 13, 2026

    Walgreens Investors' Opioid Suit Is Time-Barred, Judge Says

    Pharmacy giant Walgreens no longer faces a proposed class action alleging it hurt investors when it disclosed opioid-related litigation losses after a Chicago federal judge found the claims were time-barred.

  • May 13, 2026

    Tesla Shareholders Appeal Suit Dismissal Tied To Texas Move

    Tesla shareholders, whose breach of fiduciary duty suit against Elon Musk and the automaker's directors was dismissed last month following the company's move to Texas, appealed the dismissal to the Delaware Supreme Court on Wednesday.

  • May 13, 2026

    Super Micro Hit With Investor Suit Over China Chip Sales

    A Super Micro Computer Inc. investor says he suffered losses as a result of a secret and illegal sale of servers embedded with Nvidia chips to China and the company's misleading statements, leading to a drop in its stock price, according to a proposed class action in California federal court.

  • May 13, 2026

    Judge Asks If Musk Is Getting Special Treatment In SEC Deal

    A D.C. federal judge said Wednesday she would not simply "rubber-stamp" a deal to abruptly end the U.S. Securities and Exchange Commission's lawsuit against Elon Musk over his initial purchase of Twitter Inc. stock in 2022, asking at a status conference if Musk was getting special treatment.

  • May 13, 2026

    Lawmakers Float Allowing Charitable Gifts From 401(k) Plans

    A bipartisan group of federal lawmakers on Wednesday introduced a bill that would allow workers to make tax-free charitable donations directly from their employer-sponsored retirement plans, building on a section of the retirement policy overhaul known as Secure 2.0.

  • May 13, 2026

    DOJ Fraud Division Set To Shake Up White-Collar Enforcement

    President Donald Trump's administration created the U.S. Department of Justice's National Fraud Enforcement Division with a narrow focus on combating government program fraud, but a move to retain federal prosecutors focused on other types of fraud could signal a wider scope with potential ripple effects across white-collar enforcement.

  • May 13, 2026

    SEC Inks $2.6M In Settlements Over High-Yield Fraud Claims

    A purported financial services firm and two of its executives have agreed to pay over $2.6 million to resolve U.S. Securities and Exchange Commission claims they were part of a $26 million scheme to defraud would-be investors in purported high-yield investment programs that never actually happened.

  • May 13, 2026

    WWE Investors Want Sanctions For Deleted Signal Messages

    Counsel for World Wrestling Entertainment shareholders urged the Delaware Chancery Court on Wednesday to draw evidence sanctions against former CEO Vince McMahon and other company leaders, arguing that deleted Signal messages, missing texts and discarded notes undercut the record in their challenge to WWE's $21.4 billion merger with Ultimate Fighting Championship.

  • May 13, 2026

    Warsh Confirmed As Trump's Next Federal Reserve Chair

    The U.S. Senate signed off Wednesday on the White House's choice of Kevin Warsh to lead the Federal Reserve, capping off a monthslong process that became entangled in the Trump administration's push to criminally investigate outgoing Fed Chair Jerome Powell.

  • May 13, 2026

    Couple Settles Annuity Fraud Suit With Ameritas, Ex-Agent

    A retired military officer and his wife have agreed to end a lawsuit against Ameritas and a former insurance agent alleging a fraudulent investment scheme based on the sale of unsuitable equity-indexed annuities, according to a notice filed Wednesday in North Carolina federal court.

  • May 12, 2026

    Webster Investor Challenges 'Flawed' $12B Santander Merger

    A Webster Financial Corp. shareholder is challenging what he calls the bank's "deeply flawed, self-interested sale" to Banco Santander SA for $12 billion, telling a Connecticut state court that the proposed deal undervalues Webster while enriching its CEO with a tripled salary and $10 million "signing bonus."

  • May 12, 2026

    Citron Founder Didn't Believe His Own Position, Jury Told

    A cannabis company CEO testified Tuesday as the first witness in Citron Research founder Andrew Left's criminal securities fraud trial, telling a California federal jury that Left published an inaccurate short sale report on his company that quickly tanked its stock even though it appears he lacked the "conviction" of his attack.

  • May 12, 2026

    Senate Crypto Bill Moves Toward Markup Sans Ethics Rules

    Senate banking committee Republicans released the latest version of a bill to regulate crypto markets that will serve as the base text for a Thursday markup, which could be complicated by Democrats' calls for ethics provisions and banks' opposition to language around stablecoin rewards.

  • May 12, 2026

    Online Betting Co. Kalshi Must Face Wis. Tribe's IGRA Claim

    A Wisconsin federal judge has ruled that the Ho-Chunk Nation can sue prediction market platform Kalshi under the Indian Gaming Regulatory Act, but he stripped racketeering and false advertising allegations from the tribe's gambling lawsuit targeting the company's sports event contracts.

  • May 12, 2026

    NJ Court Not Sure Bristol-Myers Investor Pled Negligence

    A New Jersey appellate panel on Tuesday pushed back on an investor's insistence that his complaint over Bristol-Myers Squibb's $74 billion acquisition of Celgene satisfied pleading standards for securities lawsuits, echoing a trial court judge's concern that claims of disclosure requirement shortfalls sounded more in fraud than negligence.

  • May 12, 2026

    Ex-Lottery.Com CEO Wants SEC Fraud Suit Tossed

    The former CEO of Lottery.com has asked a New York federal judge to dismiss the U.S. Securities and Exchange Commission's claims he participated in a scheme to inflate the gambling platform's fiscal performance, arguing the suit does not show he intentionally duped investors or had incentive to do so.

  • May 12, 2026

    Quotient Investors Seek Approval Of $48M Merger Deal

    Investors in Coupons.com parent Quotient Technology Inc. have asked Delaware's Chancery Court to approve a $48 million settlement resolving claims that the company's former CEO, its financial adviser and the buyers steered Quotient's $430 million sale to Neptune Retail Solutions at too low a price.

  • May 12, 2026

    Bernstein Litowitz Client Wins Battle To Lead Kyndryl Suit

    Bernstein Litowitz Berger & Grossmann LLP will lead a proposed class of investors accusing information technology services company and IBM spinoff Kyndryl Holdings Inc. of misleading shareholders with representations that the company had sufficient control over its cash management practices, a Manhattan federal judge said on Tuesday.

  • May 12, 2026

    CFTC's Selig Says AI Regulations May Be On The Horizon

    U.S. Commodity Futures Trading Commission Chair Michael Selig said Tuesday that his agency may introduce regulations regarding the use of artificial intelligence by exchanges and other regulated entities as a newly created innovation task force has started meeting with companies expressing an interest in the new technology.

  • May 12, 2026

    Under Armour Says Insurers Shouldn't Get Repayment Interest

    Under Armour told a Maryland federal court that the insurers it reimbursed after the Fourth Circuit capped its coverage for a securities class action, government investigations and derivative matters at $100 million are not entitled to millions of dollars in prejudgment interest.

  • May 12, 2026

    Investors Say Federal Pot Ban Doesn't Negate Restitution

    A group of investors who claimed they were bilked out of $1.5 million by the owners of a now-defunct Muskegon, Michigan, cannabis dispensary said in a brief filed in Michigan federal court Tuesday that a federal ban on cannabis does not negate the dispensary owners' obligation to pay restitution.

Expert Analysis

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Takeaways From The DOJ Fraud Section's 2025 Year In Review

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    Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

  • What An Uptick In Shareholder Activism Means For Banking

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    With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.

  • Anticipating The SEC's Cybersecurity Focus After SolarWinds

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    While the U.S. Securities and Exchange Commission's recent voluntary dismissal of its enforcement action against SolarWinds Corp. and its chief information security officer marks a significant victory for the defendants, it does not mean the SEC is done bringing cybersecurity cases, say attorneys at MoFo.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • OCC Rulemaking May Clear Haze Around Trust Banks' Scope

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    A recent Office of the Comptroller of the Currency proposal at last eliminates uncertainty around whether national trust banks can engage in nonfiduciary activities, but it does not address which activities are permissible or whether a minimum amount of fiduciary activity is required, say attorneys at Davis Polk.

  • Justices' BDO Denial May Allow For Increased Auditor Liability

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    The Supreme Court's recent denial of certiorari in BDO v. New England Carpenters could lead to more actions filed against accounting firms, as it lets stand a 2024 Second Circuit ruling that provided a road map for pleading falsity with respect to audit certifications, says Dean Conway at Carlton Fields.

  • NY Securities Class Action Ruling Holds Rare Timing Insights

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    A New York federal court's recent decision in Leone v. ASP Isotopes adopted the unusual posture of simultaneously denying a motion to dismiss and certifying claims to proceed as a class action, and its unique scheduling carries certain procedural and substantive implications, say attorneys at Labaton Keller.

  • And Now A Word From The Panel: MDL Year In Review

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    2025 was a roller coaster for the Judicial Panel on Multidistrict Litigation, with the panel canceling one hearing session due to the absence of new MDL petitions, yet also issuing rulings on more new MDL petitions than in 2024 — making it clear that MDLs are still thriving, says Alan Rothman at Sidley Austin.

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