Securities

  • 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.

  • May 12, 2026

    Drone Co. Skirts Unfair Biz Practices Claim In Ex-VP's Pay Suit

    North Carolina's Business Court pared down a dispute between a company that makes emergency response drones and its former vice president of sales, finding his claim that the company misled him about its intent to pay him a bonus doesn't rise to the level of an unfair or deceptive business practice.

  • May 12, 2026

    Davis Polk Guides $386M Securitization For Telecom Owner

    Davis Polk & Wardwell LLP advised wireless infrastructure company TowerPoint Infrastructure Partners on a recent $386 million oversubscribed securitization of its assets in the U.S. to support debt refinancing and an expansion of the company's portfolio.

  • May 12, 2026

    Head Of First Liberty Ponzi Scheme Pleads Guilty To Fraud

    The leader of what Georgia and federal securities regulators have called a $140 million Ponzi scheme pled guilty to a federal wire charge Tuesday over allegations that he preyed on seniors and funneled money to right-wing politicians.

  • May 12, 2026

    Businessman Fights Subpoena In Trump Media Dispute

    A Russian businessman with alleged financial ties to Donald Trump's Truth Social platform has urged a Florida appeals court panel to quash an order requiring him to produce documents in a dispute over taking the company public, arguing the production could implicate his Fifth Amendment right against self-incrimination.

  • May 12, 2026

    Shell Wins Australia Tax Fight Over $71.6M In Added Taxes

    The Australian Taxation Office wrongly assessed AU$98.9 million ($71.6 million) in additional taxes to a Shell plc subsidiary by denying its entitlement to add a premium to its cost basis for a deemed acquisition of shares, the Federal Court of Australia said.

  • May 12, 2026

    Investor Says AI Startup Duped Him Out Of $10M

    A Pennsylvania investor has sued LifeBrand Inc.'s founder, executives, a financial adviser and two financial institutions in the Delaware Chancery Court, claiming they used inflated business claims, hidden commissions and insider payouts to induce him to put more than $10 million into the social media monitoring startup.

  • May 12, 2026

    SPAC, Investors Sue Aesthetics Co. Over Failed $250M Merger

    Viveon Health Acquisition Corp., a SPAC, and several investors have sued Townsgate Village Inc., formerly known as Suneva Medical Inc., in the Delaware Chancery Court, alleging that the aesthetics company strung them along in a failed $250 million special purpose acquisition company merger while secretly looking for another deal.

  • May 12, 2026

    Senate Puts Warsh On Track To Replace Powell As Fed Chair

    The U.S. Senate on Tuesday confirmed Trump nominee Kevin Warsh to a board seat at the Federal Reserve, moving him one step closer to taking over from Jerome Powell as chairman of the central bank.

  • May 12, 2026

    Celgene Gets Final OK For $239M Deal, Atty Fees

    Investors in biopharmaceutical company Celgene Corp. have gotten a final nod for their $239 million deal to end proposed class claims that the company overstated commercial prospects for two of its drugs, and the investors' four-firm legal team will get fees and costs of nearly $57.3 million for their work on the case.

  • May 12, 2026

    Employee Benefits Atty Joins Freshfields From Debevoise

    Freshfields LLP has hired a former Debevoise & Plimpton LLP attorney who focuses on the employment and executive compensation aspects of mergers and acquisitions and private equity transactions.

Expert Analysis

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • Tips For Financial Advisers Facing TRO From Former Firm

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    The Eighth Circuit's recent decision in Choreo v. Lors, overturning a lower court's sweeping injunction after financial advisers moved to a new firm, gives advisers new strategies to fight restraining orders from their old firms, such as focusing on whether the alleged irreparable harm is calculable, say attorneys at Kutak Rock.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • How Attorneys Can Navigate Shifts In Financing Landscape

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    Direct government investment in companies in strategic sectors is expected to continue this year, with legal practitioners facing increased demands to navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives, say attorneys at Skadden.

  • 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.

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