Securities

  • September 28, 2026

    SEC Says Couple Leaked Info Ahead Of $3.7B Cummins Deal

    The U.S. Securities and Exchange Commission announced settlements Monday with a former Cummins Inc. manager and her husband charged with disclosing details about the company's $3.7 billion Meritor acquisition to a chain of individuals who reaped over $500,000 from the inside information.

  • September 28, 2026

    Tether's Stablecoin Is Iran's 'Lifeline,' Senate Report Says

    A new forensic analysis from U.S. Senate Democrats is fueling fresh scrutiny of the Trump administration's cryptocurrency oversight, finding that Tether's USDT token, the biggest U.S. dollar stablecoin, has become a key tool for Iranian sanctions evasion and terror financing.

  • September 28, 2026

    Lucid Investors Get Class Cert. In Production Forecast Suit

    Investors in electric-vehicle maker Lucid Group Inc. were granted class certification in their suit alleging they suffered damages when the company disclosed it was not on track to meet its 2022 vehicle output projections.

  • September 28, 2026

    Law Firm Seeks Exit From Carbon Capture Ponzi Suit

    A group of investors failed to show how a law firm and a securities attorney who gave legal assistance to the perpetrators of a carbon capture Ponzi scheme knew the fraudsters were breaking the law, the firm and the attorney have told a Texas federal court.

  • September 28, 2026

    Titan Can Pursue Argentina Assets To Enforce $391M Award

    A Washington, D.C., federal judge gave the green light for an award creditor owed more than $391 million by Argentina to start seizing the country's assets, saying that Buenos Aires has "apparently made no effort" to pay the award in the nearly two years since she enforced it.

  • September 28, 2026

    Nextdoor, Khosla Say Investor Brought De-SPAC Suit Too Late

    Nextdoor and Khosla Ventures urged the Delaware Chancery Court on Monday to dismiss a stockholder lawsuit challenging Nextdoor's de-SPAC merger as untimely, arguing the clock began running when the proxy that an investor described as misleading was issued in October 2021, while the plaintiff insisted later disclosures and tolling doctrines keep her claims alive.

  • September 28, 2026

    Ex-CFTC Commissioner Exits Crypto Lobby After Clarity Stalls

    Former U.S. Commodity Futures Trading Commissioner Summer Mersinger is stepping down from leading crypto lobby the Blockchain Association, a resignation that comes weeks after crypto legislation stumbled in the Senate.

  • September 28, 2026

    Calif. Bans Officials From Meme Coin Profits In Trump Callout

    California Gov. Gavin Newsom signed a bill barring the state's officials from issuing or lending their likeness to meme coins, criticizing President Donald Trump's hundreds of millions in profits from meme coin projects.

  • September 28, 2026

    Atty's Suit Over His Meme Coin Hack Sent To Arbitration

    A New York federal judge Monday ruled that a crypto-focused attorney must arbitrate his claims that wallet provider Phantom Technologies Inc. enabled the hack that stole half a million dollars from his dog-themed meme coin project.

  • September 28, 2026

    Peirce's Exit To Leave SEC With Just 2 Members

    U.S. Securities and Exchange Commission member Hester Peirce plans to leave the agency at the end of this week, leaving the five-member commission in the hands of just two people as the White House has yet to name a replacement for Peirce or to fill open Democratic slots.

  • September 28, 2026

    IRS Warns New ETF Strategies Could Be Abusive

    New strategies using exchange-traded funds may be abusing the tax benefits of these legitimate investment vehicles holding various securities, the IRS said Monday, asking for public feedback on future enforcement that can avoid putting long-established tax planning practices at high risk.

  • September 28, 2026

    Lantheus Investor Asks Court To Halt 'Unfair' $8B Curium Deal

    A Lantheus Holdings Inc. investor wants a Massachusetts state judge to block its $8 billion take-private deal with fellow radiopharmaceutical company Curium in its current form, calling the deal "fundamentally unfair" to shareholders.

  • September 28, 2026

    Epstein Survivors Can Sue FirstBank In New York, Judge Says

    A New York federal judge ruled that a proposed class of sex crime survivors can pursue most of its claims that FirstBank Puerto Rico was complicit in Jeffrey Epstein's crimes as his "longest banking partner."

  • September 28, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week heard arguments over whether to dismiss a derivative suit accusing UiPath Inc. insiders of misleading investors and trading on inside information, while a Match Group Inc. stockholder sued for records concerning reports of sexual assault and other violence involving users of the company's dating apps.

  • September 28, 2026

    6th Circ. To Mull Comcast Ruling In FirstEnergy Investor Suit

    The Sixth Circuit has once again agreed to hear a dispute between FirstEnergy Corp. and a group of investors who accuse the company of hiding its involvement in a $1.3 billion bribery scandal, agreeing on Monday to weigh a grant of class certification for a second time.

  • September 28, 2026

    O'Melveny Rehires Ex-SEC Oversight Leader In DC

    O'Melveny & Myers LLP has rehired a former partner who specializes in False Claims Act matters and recently spent more than two years with the U.S. Securities and Exchange Commission as an associate general counsel for oversight and investigations.

  • September 28, 2026

    Louis Dreyfus Appeals Bid To Arbitrate Cotton Futures Case

    Louis Dreyfus Commodities BV is appealing to the Second Circuit after a New York federal court refused its bid to force cotton futures traders to arbitrate a long-running case over the alleged manipulation of the cotton futures market.

  • September 28, 2026

    Holland & Knight Adds Partner In Atlanta From McDermott

    A former McDermott Will & Schulte attorney has joined Holland & Knight LLP's corporate, mergers and acquisitions and securities section as a partner in Atlanta, Holland & Knight announced Monday.

  • September 28, 2026

    JV Partner Accused Of Exceeding Air Force Contract Share

    A government contractor has accused its joint venture counterpart of taking a greater share of work under a U.S. Air Force contract than it was supposed to and failing to give proper financial records access, telling an Alabama federal court there's been a "systematic breach" of their agreements. 

  • September 28, 2026

    Mayer Brown Expands Insurance Deals Team With Sidley Hire

    A former Sidley Austin LLP partner who spent the past 12 years with the firm has moved to Mayer Brown LLP to work with corporate and securities matters and the firm's global insurance practice, according to a recent announcement.

  • September 25, 2026

    Kalshi Sports Contracts Aren't Financial Swaps, 6th Circ. Says

    In a closely watched decision that exacerbates an existing circuit split, a Sixth Circuit panel on Friday rejected Kalshi's assertion that the sports-related transactions made on its platform should be considered federally regulated swaps and not conventional betting subject to state gambling laws.

  • September 25, 2026

    F9 Sues Bed Bath & Beyond's Owner Over Canceled Deal

    The owner of Bed Bath & Beyond was sued Friday in Delaware Chancery Court by the owners of Cabinets To Go and Lumber Liquidators, who say the company publicly mischaracterized the collapse of a proposed acquisition and then used confidential due diligence materials to compete against them in the flooring and kitchen markets.

  • September 25, 2026

    SEC Says Mich. Atty Tipped Family About Pharma Co. Merger

    The U.S. Securities and Exchange Commission on Friday accused a Michigan tax lawyer of insider trading, alleging he told his brother and cousin about a planned but not-yet-announced merger between Y-mAbs Therapeutics Inc. and SERB Pharmaceuticals.

  • September 25, 2026

    CFTC Says Firm Ran $950M Global Forex Ponzi Scheme

    Investment firm Cash FX Group SA told investors their money would be used to trade retail foreign currency contracts in a commodity pool but in reality operated a $950 million multilevel marketing Ponzi scheme, the Commodity Futures Trading Commission said.

  • September 25, 2026

    Texas Judge Says Perot's VC Firm Can't Be Held To Handshake

    The Texas Business Court threw out a lawsuit brought by a Dallas businessman accusing billionaire Ross Perot Jr. of stiffing him out of his rightful equity interest in a healthcare company that sold for $2 billion, saying the businessman signed an agreement waiving his interest in the company.

Expert Analysis

  • Why Biotech Cos. Need Litigation Plans Before Bad News

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    Biotech companies should take proactive steps to respond to the growing trend of securities litigation filed against them, due to the inherently uncertain nature of their business models and heightened scrutiny of clinical trial disclosures, regulatory communications and investor-facing statements, says Wesley Horton at FBFK.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • A Potential Turning Point For Short-And-Distort Claims

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    A California federal jury's conviction of Andrew Left signals that the historically blurry line between securities fraud and legitimate criticism of companies is growing clearer, and that there is a viable recourse against so-called short-and-distort campaigns intended to create a false impression of the market, say attorneys at Baker McKenzie.

  • 5 Rulings Clarify Limits On Chapter 15 Public Policy Exception

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    Recent bankruptcy decisions from New York and Delaware federal courts distinguish between relief a U.S. bankruptcy court may grant in a domestic case and relief it may recognize under Chapter 15 of the Bankruptcy Code when a foreign court has entered the order, say attorneys at Pierson Ferdinand.

  • High Court's FCC Fine Ruling Reframes Agency Enforcement

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    The U.S. Supreme Court's recent decision in Federal Communications Commission v. AT&T sweeps aside uncertainty about what kinds of regulatory enforcement trigger a Seventh Amendment right, say attorneys at Squire Patton.

  • CFTC Policy Substantially Expands Self-Reporting Incentives

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    A recent U.S. Commodity Futures Trading Commission policy moves from a mitigation-centered model to prioritizing declination for early self-reporting and full cooperation, reflecting a deliberate effort to harmonize voluntary self-disclosure incentives across the federal enforcement authorities, say attorneys at Sullivan & Cromwell.

  • Opinion

    Exxon Shareholders Were Right To Save New Voting Program

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    Following Exxon shareholders’ recent vote that rejected a bid to dismantle the company’s new retail voting program, other companies should replicate it as a way to lower the friction for shareholders who already vote with the board to keep doing so without wrestling a ballot every spring, says J.W. Verret at the Antonin Scalia Law School.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

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    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

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    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

  • Tariff Refunds May Reshape Loan Covenant Calculations

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    Tariff refunds issued after the U.S. Supreme Court's Learning Resources decision may complicate borrowers' covenant calculations depending on accounting treatment, the timing of recognition, customer reimbursement obligations and credit agreement language, say attorneys at Mayer Brown.

  • Agentic AI And Securities Law: Evolving Risk Disclosures

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    The U.S. disclosure regime is built on the premise that management can describe the material facts and risks facing its business, but, with the advent of agentic artificial intelligence, the question is whether the regime can accommodate decision-making systems whose behavior is not fully predictable, says Joseph A. Hall at Davis Polk.

  • More Cos. Will Copy SpaceX's Shareholder Proposal Opt-Out

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    For more than 80 years, the shareholder proposal looked like a federal right guaranteed to all public company investors, but after SpaceX opted out before its recent initial public offering, other companies are likely to follow, says Mohsen Manesh at the University of Oregon School of Law.

  • Prediction Market Case Will Test US Insider Trading Reach

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    The insider trading case recently brought against Google employee Michele Spagnuolo may help clarify the extraterritorial reach of the Commodity Exchange Act and U.S. agencies' ability to police foreign trading in prediction markets, say attorneys at Akin.

  • The Hidden Settlement Problem In Complex Securities Cases

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    The Second Circuit's recent decision in Knapp v. Barclays is a reminder that in securities cases with complex corporate records, the tracing picture is rarely as settled as the complaint suggests, and that conversations in the early stages require everyone to work from the same underlying facts, says Peter Kamminga at JAMS.

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