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June 29, 2026
A Massachusetts federal magistrate judge said Monday a defendant described by prosecutors as a "lynchpin" in the BigLaw insider trading case must limit a planned visit to Las Vegas next month to just two nights, saying she also has "concerns about the validity" of a financial statement he provided to obtain a federal defender.
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June 29, 2026
The U.S. Securities and Exchange Commission's lawsuit against the former CEO of FirstEnergy Corp. has been thrown out by an Ohio federal judge who said the agency's securities fraud claims attempt to "enforce a disclosure regime where none presently exists."
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June 29, 2026
A Pennsylvania federal judge has granted two Bank of New York Mellon investors' bid to appeal an order dismissing their claims that the bank breached investment management agreements by investing in underperforming mutual funds with which it was affiliated.
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June 29, 2026
The National Association of Insurance Commissioners suspended its designated ratings for insurer investments after hackers suspected of belonging to the ShinyHunters group captured nonpublic information, including ratings determinations of insurer investments.
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June 29, 2026
Exiled Chinese businessman and dissident Miles Guo on Monday was sentenced to 30 years in prison, after a Manhattan federal jury convicted him of defrauding investors of more than $1.4 billion in connection with what prosecutors described as a "fraud empire."
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June 29, 2026
China-based brokerage firm operator Futu Holdings Ltd. has been hit with a proposed shareholder class action in New York federal court accusing it of concealing risks associated with its noncompliance with Chinese securities laws, causing company shares to fall by nearly a third of their value when Futu disclosed regulatory shortcomings.
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June 29, 2026
Greenberg Traurig LLP announced Monday that a longtime Latham & Watkins LLP litigator has joined the firm's office in Orange County, California, as a shareholder.
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June 29, 2026
The Delaware Chancery Court this past week handled disputes involving controlling stockholders, executive compensation, take-private transactions, books and records demands and board governance, while the Delaware Supreme Court issued decisions in two corporate records cases previously decided in the Chancery.
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June 29, 2026
The president has unlimited authority to fire members of independent agencies, the U.S. Supreme Court ruled Monday in a major win for President Donald Trump's campaign against officials at the Federal Trade Commission and beyond.
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June 29, 2026
The U.S. Supreme Court ruled Monday that Federal Reserve Gov. Lisa Cook cannot be immediately removed from her post, a setback for President Donald Trump as he seeks to further remake the central bank's leadership.
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June 29, 2026
The U.S. Supreme Court on Monday said it would not hear a constitutional challenge to a now-rescinded U.S. Securities and Exchange Commission policy that prohibited defendants from denying allegations against them when settling an enforcement action with the agency.
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June 26, 2026
A venture capitalist dubbed the "Millennial VC" asked a California federal judge for a new trial on charges he misappropriated $19 million, saying his trial counsel failed him by not considering hiring a forensic accountant to rebut a key government expert regarding the money trails that supposedly enabled wanton misspending.
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June 26, 2026
The U.S. Commodity Futures Trading Commission and U.S. Securities and Exchange Commission on Friday issued a joint call for feedback on ways they can align their respective portfolio margining requirements to clear the path for leveraged trading involving both equities and derivatives markets.
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June 26, 2026
The federal judiciary announced Friday it will temporarily increase the fees for electronic access to court records to pay for a potential $800 million upgrade that will modernize and strengthen court records systems PACER and CM/ECF, an upgrade it previously said is needed to respond to escalating cyberattacks.
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June 26, 2026
A Michigan federal judge has remanded to state court a suit by Michigan's attorney general against Kalshi over claims the prediction market platform is violating state gambling laws, finding Kalshi failed to sufficiently argue that the suit should remain in federal court.
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June 26, 2026
An association of attorneys and consumer advocates accused Polymarket and its executives Friday of crafting "flagrantly deceptive and unfair marketing" that draws Americans, especially college students, to its prediction market platform.
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June 26, 2026
Software company ZoomInfo was hit with a proposed shareholder class action in Washington federal court accusing it of hiding slowing growth and minimizing concerning trends regarding customers' adoption of its artificial intelligence tools.
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June 26, 2026
A New York federal judge Friday told prosecutors their "terse, bland, and conclusory statement" asking the court to drop a fraud case accusing several individuals of orchestrating a $250 million bribery scheme to secure lucrative Indian government renewable-energy contracts was not sufficient without further information.
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June 26, 2026
A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal case in which he pled guilty to manipulating the price of the firm's crypto token.
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June 26, 2026
A Delaware pension fund has filed a derivative suit in the Delaware Chancery Court accusing a private equity firm of exploiting its control over a technology distributor to secure a multibillion-dollar margin loan that allegedly violated the company's own governance policies while exposing the company and its minority stockholders to significant financial risk.
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June 26, 2026
King & Spalding LLP has urged a Connecticut state court to keep its involvement in a $300 million fraud lawsuit on hold while it challenges the denial of its attorneys' withdrawal from representing several individual defendants, citing "serious, nonwaivable conflicts of interest" that will prevent the firm from proceeding.
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June 26, 2026
A California federal judge determined Friday a proposed class of Wells Fargo customers accusing the bank of underpaying interest on cash sweep accounts can't be certified as of now because better inquiries are required into the statute of limitations in each potential member's state of residence.
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June 26, 2026
A former chief executive officer of Washington-based Community Clinic Network has pled guilty to wire fraud in Washington federal court, admitting he drained almost $24.4 million from the healthcare company's coffers, most of which he lost in a series of poor investment decisions.
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June 26, 2026
The U.S. Securities and Exchange Commission has granted an award of about $20 million to a whistleblower for providing a tip to the agency about an alleged sophisticated securities manipulation scheme that led to an investigation, successful enforcement action and settlement.
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June 26, 2026
An institutional investor has brought a derivative lawsuit in Delaware's Chancery Court accusing California technology company Ingram Micro Holding Corp.'s controlling stockholder of exploiting its power to facilitate a margin loan that put stockholders at risk of major losses and violated the company's trading policy.