Securities

  • October 20, 2026

    Eton Park, Petersen Can't Keep Argentina Docs In $16B Case

    Former minority shareholders in Argentine oil and gas company YPF have been barred from retaining discovery obtained in a New York court case as they pursue an investor-state claim against Argentina over a since-overturned $16 billion judgment, according to a Monday court order.

  • October 20, 2026

    Broad Street Monitor Flags Risks For Investor Redemptions

    The court-appointed monitor for private equity firm Broad Street Global Management LLC testified Tuesday that he is concerned about more than 600 investors in the $1 billion fund who asked to redeem their investments in cash but have yet to receive their money nearly five months after the deadline.

  • October 20, 2026

    Medical Device Co. Beats Investors' Alleged Demand Drop Suit

    A New York federal judge has dismissed a proposed shareholder class action alleging medical device maker Integer Holdings Corp. hid plummeting demand for cardiac devices and misled investors about its overall growth, concluding that the allegations do not suggest its disclosures in 2024 and 2025 were untrue or deceptive.

  • October 20, 2026

    Utah Sues Kalshi, Susquehanna For Violating Gambling Ban

    Utah sued Kalshi, its related entities and Susquehanna International Group in state court Tuesday over a "brazen pattern of unlawful conduct" by offering sports event contracts that allegedly violate the state's constitutional ban on gambling, after the Tenth Circuit declined to shield Kalshi from Utah gaming regulators last month.

  • October 20, 2026

    Zymergen Investors Win Final OK Of $125M IPO Deal

    Investors in the now-defunct biotechnology company Zymergen received final approval of their $125 million deal ending claims that the company misled shareholders ahead of its initial public offering, while plaintiffs' attorneys also had their fee request approved. 

  • October 20, 2026

    Polymarket Calls Ohio's Gaming Enforcement Unconstitutional

    Polymarket has sued Ohio officials in federal court to stave off an enforcement action under the state's gambling laws, arguing its sports event contracts are under the exclusive jurisdiction of the U.S. Commodity Futures Trading Commission and that the state's gaming regulations unlawfully discriminate against interstate commerce.

  • October 20, 2026

    Hughes Satellite Keeps Control Of Ch. 11 Case For Now

    A Texas bankruptcy judge on Tuesday allowed telecommunications company Hughes Satellite Systems Corp. to retain its exclusive right to file a Chapter 11 plan until Dec. 1, rejecting a noteholder challenge to the debtor's control of its case while cautioning that the debtor could soon run out of money.

  • October 20, 2026

    London Stock Exchange Can't Nix MayStreet Suit, Judge Says

    The Delaware Chancery Court has refused to toss a suit accusing the London Stock Exchange Group PLC and a few of its subsidiaries of luring MayStreet Inc.'s co-founder and former CEO into selling the company with false promises of growth and then failing to honor post-closing obligations under the merger contract.

  • October 20, 2026

    8th Circ. Panel Doubts Investors' Medtronic Insulin Pump Suit

    The Eighth Circuit appeared skeptical Tuesday of investors' bid to revive allegations that medical device company Medtronic failed to properly communicate problems with an insulin pump device it manufactured and was ultimately recalled, with judges questioning arguments that certain interactions between the company and regulators weren't properly disclosed.

  • October 20, 2026

    3 Firms Steer $1.97B Tradeweb, Trumid Credit Trading Deal

    Tradeweb Markets Inc. has agreed to acquire credit trading marketplace Trumid Holdings for approximately $1.97 billion, as the fixed-income trading platform looks to expand its presence across the bond life cycle.

  • October 19, 2026

    Justices Asked To Resolve Nonsignatory Arbitration Split

    A trading firm is urging the U.S. Supreme Court to finally resolve whether an arbitrator or a court should decide the proper venue for a dispute involving a nonsignatory to an arbitration agreement, as it fights a Seventh Circuit opinion keeping a putative securities class action in court.

  • October 19, 2026

    Justices Urged To Hear Case Targeting FINRA Enforcement

    The U.S. Supreme Court has been asked to hear a case challenging the ability of the Financial Industry Regulatory Authority to impose fines through an in-house disciplinary procedure with a broker who was penalized by the regulator, telling the justices that it was "futile" to first bring his constitutional arguments before the U.S. Securities and Exchange Commission.

  • October 19, 2026

    SEC Says Cleaning Tech Co.'s Revenue Woes Were Concealed

    The U.S. Securities and Exchange Commission has sued an ex-executive and a board member of a now-dissolved sanitation technology company, accusing them of concealing the company's unfavorable financial state and NASCAR team sponsorship commitment from investors during a 2021 financing round.

  • October 19, 2026

    SEC Official Tells Advisers Not To Wait For AI Guidance

    The director of the U.S. Securities and Exchange Commission's Investment Management Division said that advisers should not "wait for regulators to hold your hands" as they use artificial intelligence, saying regulatory guidance may be "too limited and too late."

  • October 19, 2026

    Apple Wants Fake Crypto Wallet Apps Suit Tossed

    Apple has urged a California federal judge to toss a suit alleging it failed to warn consumers about fraudulent cryptocurrency wallet apps available on its App Store and the risk of cryptocurrency theft posed by those apps, saying the suit is deficient since it seeks to hold the tech giant liable for the conduct of third-party criminal scammers.

  • October 19, 2026

    CoinFund, Co-Founder Clash Over $230K Equity Cashout

    A co-founder of cryptocurrency investment firm CoinFund and his former business partners clashed in Delaware Chancery Court on Monday over whether a roughly $230,000 cashout offer for his 25% stake complied with their agreements or was part of a scheme to deprive him of a more valuable ownership interest.

  • October 19, 2026

    5th Circ. Unwinds Cassava Class Over 'Meme Stock' Claims

    The Fifth Circuit has overturned the class status of investors accusing Cassava Sciences Inc. of making misleading statements about clinical trial results for a potential Alzheimer's drug, saying that a lower court judge did not properly consider the company's arguments that its stock price was impacted by the "meme stock" craze.

  • October 19, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week blocked Cloudflare Inc. from completing a restructuring meant to preserve its founders' voting control, while Tower Semiconductor Ltd. accused Intel Corp. of backing out of a semiconductor manufacturing agreement and social media company Triller Group Inc. challenged its removal from Nasdaq.

  • October 19, 2026

    SEC Says Ex-CEO's Hidden Stock Trades Are 'Undisputed'

    The U.S. Securities and Exchange Commission has asked a New York federal court for a partial early win in its suit against the former CEO of a fintech firm it claims made secretive purchases of his own company's stock in order to inflate the price, saying he "undisputedly" failed to file certain required disclosure documents.

  • October 19, 2026

    BofA Sued After $1.2B Fine For AML Compliance Gaps

    After the U.S. Department of the Treasury fined it $1.2 billion for anti-money laundering and financial-crime compliance system failures, Bank of America is facing two class actions asserting similar claims, including that it failed to monitor more than $5 billion in suspicious transactions.

  • October 16, 2026

    Texas Court Revives REIT's Claims Over Short Seller Article

    A Texas appellate court has partially revived a suit by a farmland-centered real estate investment trust against a Texas hedge fund that allegedly helped pen a defamatory article while short selling the REIT, saying the REIT pled valid business disparagement claims.

  • October 16, 2026

    Wells Fargo Beats Ex-CEO's $34M Back-Pay Lawsuit

    Wells Fargo prevailed in a California state court battle with its former CEO Timothy Sloan over roughly $34 million in compensation he has accused it of wrongfully withholding after his 2019 departure from the bank amid intense public scrutiny of its compliance record.

  • October 16, 2026

    Gildan Carried On 'Channel Stuffing' Scheme, Investor Says

    Gildan Activewear Inc. pumped distributors with extra inventory to create an appearance of revenue growth, alleges a putative securities class action filed in New York federal court that cites short-seller firm Jehoshaphat Research's exchanges with a former employee and customers of the Canadian apparel manufacturer.

  • October 16, 2026

    Novig Sues Missouri To Shield Sports Contracts

    Sports wagering platform Novig sued Missouri Friday to fend off a potential enforcement action over its sports event contracts after the state told several prediction market platforms to register with state gaming regulators or close up shop.

  • October 16, 2026

    Del. Blocks Cloudflare Founder Control Recapitalization

    The Delaware Chancery Court on Friday barred Cloudflare Inc. from moving forward with a recapitalization designed to preserve co-founders Matthew Prince and Michelle Zatlyn's voting control, finding that stockholders had shown a reasonable chance of proving that a special committee acted to appease the founders rather than advance the company's interests.

Expert Analysis

  • What Lawyers Should Know Before Accepting Crypto Payment

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    As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

  • Where The 3 Prediction Market Appellate Rulings Diverge

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    Although the recent Third, Sixth and Ninth Circuit opinions concerning prediction markets overlap on some issues, they differ on key statutory questions, deepening a circuit split over both the classification of sports event contracts and the scope of federal preemption, says Levi Giovanetto at Sheppard.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    California's financial regulators spent the third quarter of 2026 focusing on consumer protection enforcement at home while resisting federal efforts to displace state oversight — reinforcing the state's intention to shape the compliance landscape for institutions operating within its borders despite federal deregulatory trends, say attorneys at Ropes & Gray.

  • How AI Is Reshaping The Structure Of Crypto Venture Deals

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    As founders at the intersection of crypto and artificial intelligence increasingly face capital-raising quandaries, parties structuring crypto venture deals should weigh how equity, token and hybrid financings allocate value to avoid tricky contractual governance and fiduciary law questions down the line, say attorneys at Cahill Gordon.

  • How States May Enter The Shareholder Proposal Landscape

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    Rescission of the U.S. Securities and Exchange Commission's shareholder proposal rule doesn't herald the end of shareholder activism, but it allows state legislatures to play a central role in determining the future of shareholder proposals, with that uncertainty creating new opportunities for both issuers and activists, say attorneys at Thompson Coburn.

  • Series

    Mentalism Makes Me A Better Lawyer

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    Convincing strangers I can read their minds may seem like an unusual second career for a legal practitioner, but both disciplines share several important requirements, including trust and preparation, says Warren Biro at Manatt.

  • Why And How To Build A Neurodiversity-Informed Practice

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    By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

  • Series

    Illinois Banking Brief: All The Notable Legal Updates In Q3

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    Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digital asset tax, say attorneys at Barnes & Thornburg.

  • How SEC Is Changing The Shareholder Proposal Landscape

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    The U.S. Securities and Exchange Commission continues to place its shareholder proposal rule at the center of its agenda, now with a newly proposed rule that would rescind it entirely, showcasing an agency seeking to narrow its overall focus, say attorneys at Thompson Coburn.

  • SEC's Shareholder Activism Role After The '26 Proxy Season

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    The U.S. Securities and Exchange Commission recently proposed eliminating its shareholder proposal rule, but this proxy season's combination of elevated campaign activity, limited formal escalation and measured voting outcomes illustrates why a targeted SEC role remains important, say attorneys at Sidley.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q3

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    Several developments from New York financial services regulators in the third quarter reflect a common theme — regulators are increasingly seeking to apply established supervisory expectations to newer market participants and emerging financial products, say attorneys at Blank Rome.

  • Prediction Market Case Tests Novel Insider Trading Theory

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    The government's argument in its case against a soldier accused of using classified information to bet on Venezuelan President Nicolás Maduro's capture would represent a sea change in how insider trading wire fraud has been prosecuted for decades, says Alex Blanchard at Holland & Knight.

  • Why Importers Should Assess IEEPA Refund Claims Now

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    Businesses that wait for direction from U.S. Customs and Border Protection or the courts before seeking refunds of their finally liquidated International Economic Emergency Procedure Act duties in court may find them out of reach as the earliest potential limitation deadlines are approaching, says Samuel Finkelstein at LMD Trade Law.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q3

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    We are at an inflection point for Michigan financial services law, with a state Supreme Court decision recently overruling more than 25 years of precedent on the Michigan Consumer Protection Act, and pending legislation that could significantly shift the regulatory landscape, say attorneys and advisers at Dykema.

  • How Wells Notice Ruling Signals Future Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's recent opinion in a Financial Industry Regulatory Authority disciplinary proceeding is, on its face, a decision about the scope of FINRA's power, but it also illustrates how the SEC expects its own enforcement program to operate, say attorneys at Fridman Fels.

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