Securities

  • April 27, 2026

    Did Hedge Fund 'Greed' Hurt Vaxart Investors? Jury To Decide

    Armistice Capital and two of its executives used misleading press releases to pump and dump $250 million in Vaxart stock during the pandemic through misleading press releases in an act of pandemic-era "greed," investors' counsel told a California federal jury during closing arguments Monday, while the hedge fund defendants' lawyer countered Vaxart's announcements were "true and accurate."

  • April 27, 2026

    Judge Flags Lead Plaintiff Issues In McDermott Merger Suit

    A Texas federal judge Monday questioned whether a shareholder group is too large and whether a late-buying individual investor could represent a subclass of investors in a suit accusing energy industry engineering giant McDermott International Inc. of misleading investors during its $6 billion merger with Chicago Bridge & Iron Co. NV in 2018.

  • April 27, 2026

    Sullivan & Cromwell Alum Returns After 5 Years With DOJ

    A former Sullivan & Cromwell attorney is returning to the firm after five years in the public sector working for the U.S. Department of Justice's criminal division, where he prosecuted high-profile insider trading cases and secured convictions for two former Merrill Lynch traders accused of manipulating the precious metals market.

  • April 27, 2026

    Firms Seek $1.65M Fee In Interactive Brokers Settlement

    Counsel in a class action against Interactive Brokers LLC over allegedly faulty algorithms asked a federal judge to award about $1.65 million in attorney fees and $1.63 million in litigation expenses and approve a settlement worth $6.8 million.

  • April 27, 2026

    Battery Co. Hit With Investor Action Over 'Phantom Deals'

    Investors in a company that develops artificial intelligence-enhanced rechargeable batteries filed suit on Monday, claiming the company made misleading statements about its partnerships with other companies and its growth prospects, seeking damages for falling stock prices after the truth came to light.

  • April 27, 2026

    DOJ's Blanche Says Scrutiny Is On Crypto Crimes, Not Coders

    Acting U.S. Attorney General Todd Blanche on Monday reiterated his commitment to his April 2025 directive instructing U.S. Department of Justice staff to focus their resources on bad actors rather than the creators of the crypto tools they use, saying attorneys representing crypto software developers "should feel very comfortable communicating" with his office to ensure prosecutors comply with the memo.

  • April 27, 2026

    SEC Accuses Private Equity Adviser Of $50M Fraud

    The U.S. Securities and Exchange Commission sued a New York man and his investment advisory firm for allegedly fraudulently inducing hundreds of people to invest more than $50 million in private equity funds and misappropriating millions to fund his personal expenses and outside business interests.

  • April 27, 2026

    SEC's Fund Name Reversal Draws Advocates' Criticism

    Public interest advocacy groups are warning the U.S. Securities and Exchange Commission that recently proposed changes to fund naming rules would eliminate the transparency Americans seek when investing their money, while industry groups have championed the elimination of a Biden-era regulation that they argue could confuse investors.

  • April 27, 2026

    SEC Seeks Default Judgment Against Ga. Fund Manager

    The U.S. Securities and Exchange Commission has asked a Georgia federal judge for a default judgment in its case against an Atlanta financier who defrauded investors in his nearly $10 million hedge fund and was sentenced last year to 86 months in prison and a $9.2 million restitution payment.

  • April 27, 2026

    NJ Justices Skeptical Of Retroactivity Defense In Bond Suit

    New Jersey Supreme Court justices on Monday appeared skeptical of arguments by a group of major banks that a 2023 amendment to the state's False Claims Act is a substantive change that cannot be applied retroactively to long-running litigation over alleged bond-rate manipulation.

  • April 27, 2026

    Trump SPAC, Ex-CEO Clash Over $2M In Fees

    A Delaware Chancery Court hearing Monday laid bare a procedural fight over whether a Trump-linked SPAC must immediately pay disputed legal fees to its former CEO or can withhold them while seeking review of a magistrate's ruling.

  • April 27, 2026

    6th Circ. OKs Ohio Betting Enforcement Against Kalshi

    Ohio gambling regulators have the green light to crack down on Kalshi's sports event contracts after the Sixth Circuit denied the company's bid to keep them at bay amid litigation over whether those offerings violate state gambling laws.

  • April 27, 2026

    Exxon Investors Seek Class Cert. On Permian Basin Claims

    Exxon investors accusing the oil and gas company of overvaluing its Permian Basin holdings by billions of dollars have asked a Texas federal judge to grant them class certification, arguing that doing so "will provide a critical step to ensuring the ability of investors to recover their losses."

  • April 27, 2026

    Viks Insist Deutsche Bank Hand Over $65M Sale Proceeds

    Deutsche Bank AG continues to falsely claim that Alexander Vik did not own disputed shares in a Norwegian software company at the time of a forced sale that pulled in $65 million, and it must turn over the proceeds, the billionaire and his daughter told a Connecticut state court.

  • April 27, 2026

    Bioscience Co. Allegedly Hid Volatility Risks From Investors

    A company purportedly focused on using traditional Chinese medicine to treat conditions including autism spectrum disorder faces a proposed investor class action alleging it downplayed the risk it would be probed in connection with unusual volatility affecting the market for its shares.

  • April 27, 2026

    Flagstar Bank Wins Liability Ruling Against Ex-Live Well Exec

    A Michigan federal judge Monday granted Flagstar Bank's bid for summary judgment on liability for its civil conspiracy claim against a former executive of reverse-mortgage company Live Well, finding his guilty plea admissions in a related criminal case established that he joined a scheme to mislead lenders through inflated bond valuations.

  • April 27, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week tackled a fresh mix of deal litigation, procedural disputes and fiduciary duty claims, with several rulings and filings underscoring the court's continued focus on contractual precision, forum enforcement and the limits of stockholder challenges.

  • April 27, 2026

    Justices Skip Live Well Founder's Bond Fraud Conviction

    The U.S. Supreme Court on Monday declined to review the conviction of Live Well Financial founder Michael Hild for inducing lenders to extend credit by jacking up bond valuations to increase its debt and borrow against it.

  • April 27, 2026

    Mass. Fines Fidelity $1.25M Over 'Image ID' Data Breach

    A Fidelity unit has agreed to pay a $1.25 million fine to end Massachusetts' claims that a failure to enforce cybersecurity protocols led to a data breach affecting 77,000 brokerage customers, according to a consent order filed on Monday with the Office of the Secretary of the Commonwealth.

  • April 24, 2026

    CFTC Sues New York Over Sports Event Contract Crackdown

    The U.S. Commodity Futures Trading Commission sued the state of New York Friday in its latest bid to assert "exclusive jurisdiction" over prediction markets and cut through the state's attempts to shut down certain event contract trading as unregistered gambling.

  • April 24, 2026

    Spirit Execs Say Investor Suit Can't Lean On 'Hindsight'

    Spirit Aviation's current and former top executives have urged a Florida federal court to toss a proposed shareholder class action that accuses them of misleading investors about the company's prospects amid two bankruptcy filings, saying an investor failed to allege any misleading statements and instead relied on impermissible "fraud-by-hindsight" allegations.

  • April 24, 2026

    Rakoff Tosses Securities Fraud Claims Against Coinbase

    U.S. District Judge Jed Rakoff has tossed securities fraud claims against cryptocurrency exchange Coinbase brought by investors in a digital asset that tracked the native token of the now-failed Terraform blockchain ecosystem.

  • April 24, 2026

    GPGI Faces Suit Over Nevada Reincorporation

    A GPGI Inc. investor has filed suit in Delaware seeking to challenge the company's planned move to Nevada, saying the reincorporation — part of a wider trend of companies weighing exits from Delaware — would benefit insiders while limiting stockholders' ability to pursue claims tied to earlier transactions.

  • April 24, 2026

    Danaher Execs Face Investor Suit Over Post-COVID Outlook

    Danaher Corp. executives are facing a proposed securities class action in Delaware federal court alleging they profited while misleading stockholders about the slowing sales of its diagnostics and bioprocessing products.

  • April 24, 2026

    Jane Street Slams Terraform's Insider Trading Claims

    Jane Street is looking to escape a lawsuit accusing it of trading on insider information ahead of the collapse of cryptocurrency company Terraform Labs, telling a New York federal judge that it shouldn't have to "foot the bill" for a fraud that Terraform itself committed.

Expert Analysis

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • The Challenges Of Detecting Event Contract Manipulation

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    While concerns about possible manipulation and insider trading in event contracts have increasingly been raised by market observers, distinguishing a speculative position from a hedge and effective surveillance make regulation difficult, particularly as the U.S. Commodity Futures Trading Commission argues for exclusive jurisdiction to do so, say economic consultants at the Brattle Group.

  • How Blockchain Could Streamline Real Estate Transactions

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    As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Del. Dispatch: Workplace Sexual Misconduct Liability In Flux

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    Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.

  • 4th Circ. D&O Ruling Shows Why Textual Policy Args Are Best

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    The Fourth Circuit's recent decision in favor of the insurer in Navigators Insurance v. Under Armour highlights how plain-text policy interpretation protects party autonomy and improves predictability to the benefit of both insurers and insureds, say attorneys at Zelle.

  • Should Prediction Markets Allow Trading On Nonpublic Info?

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    Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Coinbase Ruling Outlines Litigation Committee Conflict Risks

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    The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • OCC Mortgage Escrow Rules Add Fuel To Preemption Debate

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    Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.

  • When Tokenized Real-World Assets Collide With Real World

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    The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • Opinion

    Corporations Should Think Twice About Mandatory Arbitration

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    The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

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