Securities

  • October 13, 2026

    Spirit Execs Seek To End Investor Suit Over 2nd Bankruptcy

    Two former Spirit Airlines executives have urged a Florida federal judge to permanently dismiss a proposed class action accusing them of misleading stockholders about the struggling airline's finances before it launched its second bankruptcy in August 2025, arguing the shareholders have rehashed the allegations of an earlier, now-dismissed complaint.

  • October 13, 2026

    2nd Circ. Seems Doubtful Of RTX Corp. Investors' Appeal

    A Second Circuit panel Tuesday seemed leery of RTX Corp. investors' bid to revive allegations that the aerospace manufacturer violated securities laws by concealing an aircraft engine defect, with several judges pointing out how the complaint seemed to lack allegations that executives knew different disclosures were necessary.

  • October 13, 2026

    5th Circ. Backs Ginnie Mae On Reverse Mortgage Liens

    A unanimous Fifth Circuit panel affirmed a lower court's ruling in favor of Ginnie Mae in a suit Texas Capital Bank brought over the extinguishment of its lien on reverse mortgage assets, saying there is a "sound statutory basis to conclude" that Ginnie Mae has authority over the entire mortgage once an issuer defaults.

  • October 13, 2026

    Bay Point Sues Del. Fund For Books And Records

    Bay Point Capital Partners II LP has sued a Delaware investment fund and its general partner in the Delaware Chancery Court, seeking access to financial records and other documents after Bay Point acquired a limited partnership interest through a foreclosure earlier this year.

  • October 13, 2026

    SEC Says Investment Co. Execs Faked Pre-IPO Scarcity

    The U.S. Securities and Exchange Commission has accused two executives of a now-bankrupt investment company of deceiving investors about the value and availability of shares of privately held companies ahead of their initial public offerings and evading registration requirements.

  • October 13, 2026

    Mayer Brown Adds Former CFTC Senior Counsel In NY

    Mayer Brown LLP has grown its capital markets offerings in New York with the addition of a former senior special counsel at the U.S. Commodity Futures Trading Commission.

  • October 13, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week saw stockholders challenge Nvidia Corp.'s roughly $20 billion deal with artificial intelligence chipmaker Groq Inc., Hertz Global Holdings Inc.'s electric vehicle strategy and more than $1.5 billion in Humana Inc. stock buybacks.

  • October 13, 2026

    11th Circ. Lowers Bar For Getting ERISA Claims Into Court

    The full Eleventh Circuit on Tuesday overturned decades-old precedent that took a strict view of when federal benefits law claims could be brought in court, reviving a proposed class action alleging mismanagement of a seafood company's employee stock ownership plan.

  • October 09, 2026

    Conn. Says CFTC Rehashing Failed Sports Contract Position

    Connecticut has criticized the Commodity Futures Trading Commission's bid in Connecticut federal court to block the state from regulating prediction market platforms' sports-related offerings, noting the same presiding judge already denied Kalshi's motion seeking such relief.

  • October 09, 2026

    CFTC Proposes Rules To Codify Prediction Market Authority

    The U.S. Commodity Futures Trading Commission on Friday took steps to codify its authority over sports, politics and culture event contracts, in a move to affirm the agency's view that prediction markets are under its "exclusive jurisdiction" and beyond the reach of states.

  • October 09, 2026

    Warren Presses Fed For Details Of Early SVB Report Access

    The U.S. Senate Banking Committee's top Democrat is calling on Federal Reserve officials for answers after some outside experts were given an early look at a recent independent report on Silicon Valley Bank's collapse, questioning who authorized the access and how recipients were chosen.

  • October 09, 2026

    Symbotic Hid Contractor's Delays From Investors, Suit Says

    The top brass of warehouse robotics company Symbotic Inc. has been sued in Delaware Chancery Court by a shareholder who claims they hid problems with a contractor, including project delays and major cost overruns, that later forced the company to restate its financials and caused its share price to drop.

  • October 09, 2026

    DraftKings Gets Hit With Seminole Tribe Sports-Betting Suit

    The Seminole Tribe of Florida has sued DraftKings in state court on claims that the Boston-based sports gambling company and its chief executive are running an illegal betting operation that diverts regulated bets and revenue into an "underground" sportsbook.

  • October 09, 2026

    DOJ Aims To 'Attack Fraud From All Angles' Via New Division

    The U.S. Department of Justice's new fraud division has issued fresh guidance on its prosecution methodology, with the division's head directing prosecutors to seize assets before indictments and pursue upward variances in sentencing guidelines in some cases as part of a stated push to use the division's "full arsenal of criminal statutes" in combating fraud.

  • October 09, 2026

    Hertz Settles Investors' Derivative Suit Over EV Fleet Losses

    The investor plaintiffs seeking damages on behalf of Hertz Global have settled with the company, its former CEO and other executives who they accused of breaching their fiduciary duties by releasing misleading statements about the demand for electric vehicles.

  • October 09, 2026

    SEC Proposes Restoring Funds' Ability To Cross-Trade Bonds

    The U.S. Securities and Exchange Commission put forth a proposal on Friday to make it easier for mutual and other registered funds under the same manager to trade with one another, while promising to update the oversight rules for fund managers participating in such cross-trades.

  • October 09, 2026

    'A Moral Hazard': Kalshi Drug Trial Bets Spark Ethical Qualms

    Kalshi Inc. opening prediction markets for clinical drug trials has raised a host of compliance concerns for attorneys, including the risk of insider trading among the wide swaths of stakeholders in the know about the trials, as well as the danger of compromising the trials themselves.

  • October 09, 2026

    Alight Seeks To Nix Investors' Deceptive Growth Claims Suit

    Employee benefits and human resources provider Alight urged an Illinois federal court to toss a suit alleging its executives misled investors about the company's ability to hit financial targets, arguing it repeatedly warned about the risks of its strategic overhaul.

  • October 09, 2026

    Del. Justices Back ATG In Empery Proxy Fight

    The Delaware Supreme Court has upheld a Chancery Court ruling requiring digital asset company Empery Digital Inc. to allow activist investor ATG Capital Opportunities Fund LP's nine board nominees to stand for election, rejecting the company's challenge less than a week before its annual meeting Oct. 14.

  • October 09, 2026

    Trump Picks Panel To Consider Claims Against Fed's Cook

    President Donald Trump has established a committee to investigate mortgage fraud allegations against Federal Reserve Gov. Lisa Cook and to determine if they provide sufficient grounds to fire her, according to a memo released Friday by the White House.

  • October 08, 2026

    Investor Says Power Tech Co. Hyped 'Sham' Data Center Deal

    The top brass at power technology manufacturer Hyliion Holdings allegedly oversold the capabilities and operations of a company Hyliion partnered with to deploy Hyliion's modular power plant technology, according to a new shareholder derivative suit in Texas federal court.

  • October 08, 2026

    Coinbase Tells 2nd Circ. Only CFTC Oversees Event Contracts

    Event contracts that Coinbase offers, including sports event contracts, are swaps over which the Commodity Futures Trading Commission has "exclusive" jurisdiction, the company has urged the Second Circuit to rule, arguing Connecticut's laws have "no role to play" in regulating prediction markets.

  • October 08, 2026

    Dodd-Frank Act Is Focus Of Latest Amici In NJ-Kalshi Case

    Multiple amici, including the drafter of the Dodd-Frank Act, weighed in on New Jersey’s petition for the U.S. Supreme Court to review the regulation of prediction markets and sports betting, saying the statute was not meant to displace state gambling laws.

  • October 08, 2026

    9/11 Family Sues Cannabis Entrepreneurs Over $1.3M Loss

    A 9/11 widow and her children are suing a previously sanctioned Los Angeles-area cannabis entrepreneur and his associate in California state court claiming they misused the family's $1.3 million investment, taken from their terrorism-victim compensation fund, after making false promises of guaranteed returns.

  • October 08, 2026

    Judge Tosses Moderna Investor's RSV Vaccine Efficacy Suit

    A Massachusetts federal judge Thursday dismissed a shareholder's claims that Moderna lied about the effectiveness of its RSV vaccine, finding the investor did not present sufficient facts to suggest the drugmaker intended to mislead markets by citing a higher efficacy rate than the U.S. Food and Drug Administration ultimately approved. 

Expert Analysis

  • Del. Ruling Clarifies Public Benefit Corp. Fiduciary Duties

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    In Drakes Landing v. Tilden Park, the Delaware Court of Chancery recently provided landmark guidance for directors of Delaware public benefit corporations on the fiduciary duties they owe, highlighting that change-of-control transactions may now be protected from challenge under the state's 2025 safe harbor amendments, say attorneys at Richards Layton.

  • Student Loan Suit Draws Line On Testimony In Trust Litigation

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    A recent interlocutory opinion from the Southern District of New York shows securitization experts can explain servicing practices but cannot substitute for authenticated loan-level ownership proof or intent evidence, signaling that parties in student loan trust cases should sharpen recordkeeping and tracing strategies, says attorney Stanley Tate.

  • Del. Boeing Ruling Shows How Compliance Defeats Caremark

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    The Delaware Chancery Court's recent dismissal of shareholder litigation against Boeing's board in the wake of the Alaska Airlines door-plug blowout incident carries significant lessons for shareholders pursuing Caremark claims, and for corporate counsel advising boards on oversight obligations, says Brian Rostocki at Reed Smith.

  • 4th Circ. Class Cert. Ruling Offers Tips For Damages Experts

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    The Fourth Circuit's recent decision reversing class certification in litigation against Boeing raises the cost of a bare-bones damages model proposal for plaintiffs, but it also clarifies what a defensible proposal should contain, say Alok Khare and Erica Rose at FTI Consulting.

  • Opinion

    A Guiding Principle For The SEC On Exempt Capital Markets

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    The U.S. Securities and Exchange Commission's recently proposed Regulation Crypto Assets borrows selectively from other capital-raising exemptions while giving crypto issuers materially different terms, and those unexplained differences reveal the need for a regulatory approach of presumptive parity, says Brian Christie at the Crowdfunding Professional Association.

  • What To Know As Legal Duty To Consider AI Takes Shape

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    While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

  • What Cos. Should Do During Stay Of Nasdaq Delisting Rule

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    The U.S. Securities and Exchange Commission recently approved — and subsequently stayed — Nasdaq's $5 million market value threshold for continued listing, giving companies additional time to evaluate financing opportunities, communicate with investors and consider strategic alternatives, says Joseph Lucosky at Lucosky Brookman.

  • Prepping To Use Crypto Collateral Under Ohio Ownership Law

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    Ohio's digital asset law should ease the path to using cryptocurrency as collateral, and as the October effective date approaches, lenders should update their loan documentation and diligence processes to take advantage of the new control-based perfection rules, say attorneys at Kegler Brown.

  • 5 Lessons For VC Investors From Del. IPO Ruling

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    The Delaware Court of Chancery's recent dismissal of Rostov v. Alcon Research, a derivative action over a proposed initial public offering, provides multiple practice pointers for venture capital investors, including the importance of precisely worded corporate documents and pleading a coherent theory of corporate harm, says Ben Dubin at VC Expert Services.

  • WWE Sanctions Ruling Pins Down Spoliation Lesson

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    The Delaware Chancery Court’s recent verdict in favor of WWE investors may be the most carefully calibrated spoliation sanctions decision in recent memory, and it should reshape how counsel approach their motions — including in federal court, says Ricky Weingarten at Slarskey.

  • SEC Rulemaking Radar: The Rubber Meets The Road

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    The U.S. Securities and Exchange Commission's new rulemaking agenda shows its regulatory reset taking shape, with sweeping crypto proposals that could bring the biggest changes it has made to broker-dealer, exchange and trading compliance in decades, says Christopher Grobbel at Goodwin.

  • Series

    Being In A Band Made Me A Better Lawyer

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    Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

  • 6 Risk Areas Future Fla. Stablecoin Issuers Should Plan For

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    Companies hoping to issue stablecoins under Florida’s new supervision regime should prioritize constructing robust risk management architecture across key areas before the Oct. 1 effective date so they can secure licenses, avoid a web of potential liabilities, and operate sustainably as state and federal regulations evolve, says Elizabeth Brusa at Shumaker.

  • How Drug Trial Prediction Markets Pose Insider Trading Risks

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    Multiple prediction market platforms have recently announced plans to offer event contracts related to clinical trial outcomes and regulatory decisions, creating new insider trading risks by expanding the group of people possessing related material nonpublic information far beyond traditional corporate insiders, say attorneys at King & Spalding.

  • Series

    Law School's Missed Lessons: Surviving A Long Trial

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    Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-examination or closing argument, effectively handling the marathon of a lengthy trial requires the ability to maintain composure, organization and credibility with the jury, says Mihir Elchuri at Hirschler.

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