Securities

  • June 03, 2026

    SEC Climate Rule Reversal May Spark Fresh Lawsuit

    The U.S. Securities and Exchange Commission's plan to withdraw corporate climate disclosure regulations could see the commission back in court two years after it was sued for adopting those same regulations, with investor advocates questioning the legality of the agency's change of direction.

  • June 03, 2026

    BigLaw Insider Trading Defendants Have Big-Name Legal Help

    An insider trading case involving nonpublic information prosecutors say was stolen from some of the largest law firms in the U.S. has ensnared more than two dozen defendants, many of whom have turned to lawyers with notable clients including Donald Trump, Harvey Weinstein and Luigi Mangione.

  • June 03, 2026

    Seagate Inks $175M Deal With Investors Over Illegal Sales

    Data storage company Seagate Technologies has agreed to pay shareholders $175 million to end a class action alleging the firm misrepresented that it could sell products to a blacklisted Chinese company, leading to a $300 million fine from the federal government for breaching export laws.

  • June 03, 2026

    WWE Post-Merger Evidence In Play For Chancery Trial

    The Delaware Chancery Court on Wednesday declined to exclude two disputed categories of evidence ahead of next week's trial over World Wrestling Entertainment's $21.4 billion merger with UFC parent Endeavor Group Holdings Inc., allowing both sides to present arguments that could play an important role in the closely watched case.

  • June 03, 2026

    Helen Of Troy Oversold Restructuring Benefits, Investors Say

    Consumer goods company Helen of Troy Ltd. faces a proposed investor class action alleging it concealed its struggles to restructure after a spate of acquisitions, hurting investors as its trading prices sank when financial fallout from the problems became public.

  • June 03, 2026

    Paul Weiss Hires Deals Pro From Dechert In NY

    Paul Weiss Rifkind Wharton & Garrison LLP announced Monday that it has welcomed a corporate partner from Dechert LLP, touting his role in large mergers and acquisitions in the life sciences, financial services, consumer and retail, energy, technology and industrial sectors.

  • June 02, 2026

    Reddit's Reply To Bylaw Protest Likely AI-Made, Investor Says

    A Reddit investor sued in Delaware's Chancery Court on Monday alleging that when he challenged a charter provision that he says unlawfully restricts investors from removing board members designated by Reddit's biggest shareholder, the social media company responded with an "absurd" argument that appears to have been generated by artificial intelligence.

  • June 02, 2026

    Virtu Insider Buyback Suit Survives Dismissal Bid

    The Delaware Court of Chancery on Tuesday refused to dismiss a stockholder lawsuit accusing Virtu Financial Inc.'s founder and top executives of using the company's share repurchase program to unfairly enrich insiders at the expense of public investors, finding that the claims were reasonably supported at the pleading stage.

  • June 02, 2026

    Aspiration Co-Founder Gets 14 Yrs In $248M Fraud Scheme

    Joseph Sanberg, co-founder of the now defunct, celebrity-backed and sustainability-focused financial services company Aspiration Partners, has been sentenced to 14 years in prison by a California federal judge, stemming from a years-long scheme where he defrauded more than 130 victims of at least $248 million. 

  • June 02, 2026

    R1 Deal Defendants Urge Chancery To Toss Investor Suit

    Counsel for TowerBrook Capital Partners LP and Ascension Health Alliance urged the Delaware Chancery Court on Tuesday to dismiss a stockholder suit over medical company R1 RCM Inc.'s $8.9 billion take-private deal, arguing that the investors did not control the company under Delaware law.

  • June 02, 2026

    Brooklyn Party Boss Seddio Faces Sanctions In $2M 'Theft'

    Longtime political powerbroker Frank Seddio took the stand in New York state court on Tuesday as he faces sanctions for allegedly blocking the recovery of $2 million in escrow money, allegedly stolen as part of a wide-ranging embezzlement scheme linked to the arrest of his client and a former Brooklyn state judge.

  • June 02, 2026

    Iran's Biggest Crypto Exchange Hit With US Sanctions

    The U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned Iran's largest crypto exchange and three other crypto platforms Tuesday for allegedly aiding the Iranian government and evading sanctions amid the Trump administration's efforts to put economic pressure on Iran.

  • June 02, 2026

    Raymond James, Ex-VP Wrap Up Sex Bias Case

    Financial services company Raymond James and a former vice president who said she was fired for complaining about sexism and denied promotions formally ended their Florida federal court battle Tuesday, almost two years after the company got her case kicked to arbitration.

  • June 02, 2026

    EV Co. Hit With Investor Suit Over Sales And Deliveries

    Electric vehicle maker Lucid Group Inc. was hit with a proposed investor class action alleging that the company made misleading statements about its production and sales before revealing an issue with a supplier was affecting vehicle deliveries, adding to the list of shareholder litigation it faces over production.

  • June 02, 2026

    Pharma Co. Inks $7M Deal To End Investor's Cancer Study Suit

    A Spectrum Pharmaceuticals Inc. investor has asked a New York federal court to approve a $7 million deal resolving class action claims alleging the drugmaker overstated its regulatory prospects for winning approval for a cancer treatment.

  • June 02, 2026

    Investors Say Anadarko Ex-Banker's Opinions Are Unreliable

    A class of investors suing Oxy-acquired Anadarko Petroleum Corp. for allegedly lying to them about the value of the Shenandoah deepwater oil field project in the Gulf of Mexico told the court that the company's former banker would provide unreliable and legally improper expert testimony to jurors.

  • June 02, 2026

    SEC Floats Strategic Plan For Next Four Years

    The U.S. Securities and Exchange Commission on Tuesday said it plans to reevaluate how administrative proceedings operate and to write regulations governing the cryptocurrency industry, calling for public feedback as it put forth Chairman Paul Atkins' vision for running the agency over the next four years. 

  • June 02, 2026

    NY, EU Banking Agencies To Share Stablecoin Oversight Info

    New York's Department of Financial Services and the European Banking Authority said Tuesday that they plan to share information about their respective supervision, monitoring and investigations of stablecoin issuers and markets under a new memorandum of understanding.

  • June 02, 2026

    Trump Taps Housing Finance Head For Intelligence Role

    President Donald Trump announced Tuesday on Truth Social that he was naming Federal Housing Finance Agency head and political ally William Pulte as acting director of national intelligence.

  • June 02, 2026

    CFTC Awards More Than $8M To 5 Whistleblowers

    The Commodity Futures Trading Commission has awarded more than $8 million to five whistleblowers who, the derivatives market regulator said, provided information leading to an enforcement action against a fraudulent scheme.

  • June 02, 2026

    Kalshi Looks To Halt Minnesota Sports Prediction Market Ban

    Kalshi has moved to freeze the enforcement of a new Minnesota law barring prediction markets, telling a federal judge the company will face "acute" harm if it is unable to offer sports event contracts on its online platform.

  • June 02, 2026

    Texas Crypto Group Ordered To Halt Unregistered Token Sales

    The Texas State Securities Board announced it has entered an emergency order to halt a purported property group, its principals and an associated Texas resident from offering and selling unregistered and fraudulent tokenized real estate investments, saying the conduct "threatens immediate and irreparable public harm."

  • June 02, 2026

    11th Circ. May Lower Bar For Getting ERISA Claims To Court

    Several Eleventh Circuit judges voiced support during en banc arguments Tuesday for overturning precedent backing the appellate court's exhaustion requirement for federal benefits claims, signaling the potential reinstatement of a proposed class action alleging mismanagement of a seafood company's employee stock ownership plan.

  • June 02, 2026

    Feds Scrub 'Reputation Risk' From Raft Of Banking Guidance

    Federal banking regulators said Tuesday that they are reissuing a slew of longstanding guidance documents to take out mentions of so-called reputation risk, the latest move in the Trump administration's push to eliminate bank examiners' use of the concept.

  • June 01, 2026

    SEC Defends Deal Over Musk's Late Twitter Buy-Up Disclosure

    The U.S. Securities and Exchange Commission on Monday defended its settlement with Elon Musk over his initial purchase of Twitter stock in 2022, saying the deal was not the result of collusion, after the D.C. federal judge overseeing the case questioned whether Musk was getting special treatment.

Expert Analysis

  • 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.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Navigating New Risks Amid Altered Foreign Issuer Landscape

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    The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

  • Open Questions After Defense Contractor Executive Order

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    The scope and long-term effects of President Donald Trump’s executive order on the U.S. defense industrial base are uncertain, but the immediate impact is significant as it appears to direct the U.S. Department of Defense to take a more active role in contractor affairs, say attorneys at Morgan Lewis.

  • Tips From Del. Decision Nixing Major Earnout Damages Award

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    The Delaware Supreme Court recently vacated in part the largest earnout-related damages award in Delaware history, making clear that the implied covenant of good faith and fair dealing cannot be used to rescue parties from drafting choices where the relevant regulatory risk was foreseeable at signing, say attorneys at Sullivan & Cromwell.

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