Securities

  • July 16, 2026

    Zohar Trust Wins $2.4M In Lengthy Row With Lynn Tilton Firm

    Distressed debt investor Lynn Tilton's Patriarch Partners must pay roughly $2.4 million to the litigation trust for a trio of collateralized loan funds she founded in the 2000s, a New York federal judge has ruled, finding that Tilton's private equity firm breached a credit contract.

  • July 16, 2026

    BitConnect Promoter Owes SEC $1M, Judge Says

    A New York federal judge ordered a promoter of digital asset BitConnect to pay more than $1 million to end the U.S. Securities and Exchange Commission's claims that he earned hundreds of thousands of dollars by recruiting investors into an unregistered cryptocurrency lending program, rejecting his arguments that the payment should be reduced.

  • July 16, 2026

    Swedbank To Pay $50M Fine In Panama Papers-Linked Case

    Swedbank AB and its New York branch have agreed to pay a $50 million civil penalty to the New York State Department of Financial Services to resolve claims that the bank failed to fully cooperate with department requests for information related to Swedbank's relationships with Mossack Fonseca, the law firm at the center of the 2016 Panama Papers leak.

  • July 16, 2026

    2nd Circ. Shields Switzerland From Credit Suisse Bond Suit

    In a published opinion Thursday, the Second Circuit affirmed the dismissal of a $372 million bondholder suit against Switzerland over the 2023 collapse of Credit Suisse AG and the reduction in value of $17.3 billion of debt securities, agreeing with a New York judge that the country is immune from being sued in U.S. district court.

  • July 16, 2026

    Simpson Thacher 'Never' Explained Ill-Fated Deal, Exec Says

    A founder seeking over $100 million from Simpson Thacher & Bartlett over a transaction he says destroyed his insurance services company testified Thursday the law firm provided him no education on various words he wasn't familiar with in the deal.

  • July 16, 2026

    Holland & Knight Adds DLA Piper Industrials Sector Co-Chair

    Holland & Knight LLP announced Thursday that it has hired the former U.S. co-chair of DLA Piper's industrials sector as a partner in New York.

  • July 16, 2026

    GOP Sen. Tillis Presses Vought On DOGE's 'Amateur' Record

    Retiring Sen. Thom Tillis, R-N.C., on Thursday ripped into White House budget chief Russell Vought over the Trump administration's now-disbanded Department of Government Efficiency, pressing him repeatedly to substantiate its claims of massive taxpayer savings.

  • July 15, 2026

    Ex-Fed Adviser Gets 38 Months For Lying To Investigators

    A former senior adviser to the Federal Reserve Board of Governors was sentenced Wednesday to more than three years in federal prison for lying to investigators about sharing confidential information outside the agency, the U.S. Department of Justice announced.

  • July 15, 2026

    Circuit-By-Circuit Guide To The US Supreme Court's Term

    Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.

  • July 15, 2026

    Adani Denies $10B Offer Led To DOJ Dropping Case

    Indian billionaire Gautam Adani, the chairman of multinational conglomerate Adani Group, on Wednesday told a Brooklyn federal judge that his offer to invest $10 billion in the U.S. had nothing to do with a U.S. Department of Justice decision to drop criminal charges claiming he and others orchestrated a $250 million bribery to secure solar energy contracts and deceive investors.

  • July 15, 2026

    Dems Probe Clayton's Independence, 2020 Election Views

    During a Wednesday confirmation hearing for President Donald Trump's pick for national intelligence director, Democratic lawmakers pressed Jay Clayton to explain whether predecessor Tulsi Gabbard should have traveled to Georgia to oversee a search warrant executed at a Fulton County election facility, which she testified the president asked for.

  • July 15, 2026

    Starbucks Beats Investor Suit Over Ex-CEO's Biz Statements

    Starbucks Corp. has given a plausible "alternative explanation" for its former CEO's 2024 statements about the business that were deemed misleading by investors suing the company over its "Triple Shot" reinvention plan, a Washington federal judge said Wednesday.

  • July 15, 2026

    Paramount-Warner Bros. Deal Tainted By Bribery, Suit Says

    A Paramount Skydance Corp. stockholder seeking to block Paramount's proposed $110 billion merger with Warner Bros. Discovery alleges in a new suit that Oracle co-founder Larry Ellison and his son and Paramount CEO David Ellison have promised "illegal, private benefits" to President Donald Trump to secure regulatory approval for the deal.

  • July 15, 2026

    Ex-TD Bank Worker Gets 46 Mos. In Money Laundering Scheme

    A former TD Bank assistant store manager was sentenced Wednesday by a New Jersey federal judge to nearly four years in prison without parole for his role in a money laundering conspiracy that federal prosecutors claim illegally moved nearly half a billion dollars through the bank.

  • July 15, 2026

    Zillow Brass Sued By Investors Over Redfin Noncompete Deal

    Executives and directors of online real estate marketplace Zillow have been hit with a shareholder derivative suit accusing them of allowing the company to enter into an anticompetitive agreement with rival Redfin Corp. that led the federal government to file a still-ongoing antitrust suit in September.

  • July 15, 2026

    Fintech's New Brass Drained Company With Fees, Suit Says

    A financial technology and security firm led in part by the former CEO of Honeywell International faces an investor suit alleging he and others took control of the business and turned it into a "highly leveraged conglomerate" from which they profited by "extracting exorbitant management fees" at shareholders' expense.

  • July 15, 2026

    Ex-Investor Urges Del. High Court To Revive Higher Damages

    The Delaware Supreme Court heard arguments Wednesday over whether the Delaware Chancery Court improperly limited evidence used to calculate a $6.9 million award to a former member of a Philadelphia-area EB-5 investment company, with each side accusing the other of misapplying Delaware law governing expert evidence and attorney fee awards.

  • July 15, 2026

    Texas Court Says $350M Claim Can't Include General Counsel

    The statewide Texas appeals court found that the former CEO of software company Reynolds and Reynolds cannot include the company's general counsel in a $350 million employment lawsuit, saying in a split opinion that the company's general counsel has immunity in this case.

  • July 15, 2026

    Settlement Reached In Trump Media SPAC Exec Hacking Suit

    A lawsuit accusing a Trump Media & Technology Group Corp. director and his associates of improperly accessing confidential files to help remove the former head of the special purpose acquisition company that merged with Trump Media has ended in a confidential settlement, according to a notice filed Tuesday in Florida federal court.

  • July 15, 2026

    What To Watch In Massachusetts In The 2nd Half Of 2026

    As midsummer approaches, Massachusetts attorneys are focused on much more than just the Red Sox winning streak and the fallout from the Jaylen Brown trade; from a headline-grabbing federal prosecution to the midterm elections to cases that could shape the state's noncompete laws, practitioners have plenty on their radar in the latter half of the year.

  • July 15, 2026

    Maersk 401(k) Stable Value Fund Suit Tossed In Mass. For Now

    A Massachusetts federal judge on Wednesday dismissed a proposed class action against Maersk Inc. and its retirement plan service providers from participants in the logistics and shipping company's employee 401(k) plan who allege that underperforming investments breached fiduciary duties, but gave the participants another chance to amend their claims.

  • July 15, 2026

    Simpson Thacher Put Co. Out Of Business, Fla. Jury Told

    Simpson Thacher & Bartlett LLP put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida state jury Wednesday in opening arguments for trial in his suit alleging the law firm owes him more than $100 million.

  • July 15, 2026

    Napster Share-Theft Suspect Gets Federal Defenders For Now

    A North Carolina man accused of posing as a billionaire investor to trick Napster into transferring him 25% of its shares was afforded free-of-charge lawyers Wednesday by a Manhattan federal judge amid a purported effort to retain private counsel.

  • July 15, 2026

    Hanover Says Ownership Misstatement Voids D&O Coverage

    The Hanover Insurance Co. is seeking to recoup more than $700,000 it paid out in defending a Massachusetts business and its CEO in a shareholder lawsuit before learning that the company had failed to disclose those shareholders on policy applications.

  • July 15, 2026

    Dating App Investor Seeks Grindr Buyback Records In Del.

    A stockholder of the world's largest LGBTQ+ dating app has sued in Delaware Chancery Court to force Grindr Inc. to turn over books and records related to a share repurchase program that allegedly handed majority voting control to Chairman G. Raymond Zage III without requiring him to pay a control premium.

Expert Analysis

  • Fed Autonomy Rests On Narrow Exception After Justices Rule

    Author Photo

    The U.S. Supreme Court’s recent decisions in Trump v. Cook and Trump v. Slaughter expand presidential removal power while temporarily preserving the Federal Reserve’s independence, but there is uncertainty about which of the Fed’s authorities fall within the court’s narrow monetary-policy exception, says Keith Bradley at Squire Patton.

  • Assessing New Risks After The End Of The SEC's Gag Rule

    Author Photo

    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

    Author Photo

    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

    Author Photo

    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

  • Opinion

    Shareholder Derivative Litigation Needs A Better Framework

    Author Photo

    Uncoordinated, multiforum shareholder derivative litigation is a growing issue for corporate defendants that have little to no recourse for organizing and consolidating actions, but several commonsense steps should be utilized to preempt such disputes, say attorneys at Sullivan & Cromwell.

  • Del. Dispatch: The New 'Director Independence' Definition

    Author Photo

    The Delaware Court of Chancery's recent decision in Ayers v. Foley, its first interpretation and application of "director independence" as outlined in Section 144 of the Delaware General Corporation Law, suggests that the court will not limit the new section's reach, say attorneys at Fried Frank.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

    Author Photo

    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • 2 AI Washing Rulings Apply Familiar Securities Fraud Rules

    Author Photo

    Two recent federal court decisions to allow AI washing complaints to proceed begin to clarify the line between nonactionable optimism and actionable misstatements by framing the core issue as not overstating the promise of artificial intelligence, but misrepresenting the current state of a company's products, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

    Author Photo

    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

    Author Photo

    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

    Author Photo

    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • AI Governance Tips For Avoiding Securities Suits

    Author Photo

    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

    Author Photo

    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

    Author Photo

    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

    Author Photo

    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here