Securities

  • June 04, 2026

    DOJ Says Meta And Others Froze $3.8M Tied To Crypto Fraud

    The U.S. Department of Justice announced that private sector corporations, including Meta Platforms Inc. and Google LLC, voluntarily froze over $3.8 million in stolen cryptocurrency during an event known as "Disruption Week."

  • June 04, 2026

    2nd Circ. Rejects Bid To Rehear $16B YPF Argentina Ruling

    The Second Circuit will not review its decision this year reversing a New York judge's $16 billion judgment against Argentina arising from its nationalization of YPF SA, the country's largest oil and gas exploration company, despite arguments that the ruling was "profoundly misguided."

  • June 04, 2026

    CFTC Follows SEC In Rescinding No-Denial Settlement Policy

    The Commodity Futures Trading Commission has rescinded its policy of not accepting settlement offers in which defendants deny the allegations against them, following a similar move recently made by the U.S. Securities and Exchange Commission.

  • June 04, 2026

    Judge Questions Fees In Abbott Investors' $40M Formula Deal

    An Illinois federal judge on Thursday granted final approval to most of Abbott Laboratories' $40 million deal to resolve shareholder claims over its management of a 2022 infant formula crisis, but questioned whether the settlement's corporate reforms justify a $15 million fee award for the investors' attorneys.

  • June 04, 2026

    Catalent Investors Say No Objections To $78M Deal, Fee Bid

    Investors seeking final approval of a $78 million securities fraud settlement with Catalent told a New Jersey federal court that the proposed deal and fee bid are free of objections, arguing the positive response further supports the court's approval of the settlement.

  • June 04, 2026

    Baker Donelson Seeks 'No Recovery' Ruling In Ponzi Fallout

    Baker Donelson Bearman Caldwell & Berkowitz PC on Thursday asked a Mississippi federal court to issue a single check-box form ruling that states the firm does not owe a monetary judgment stemming from a jury's verdict finding it committed negligent supervision amid a timber company's nine-figure Ponzi scheme, which was perpetrated in part by two of the firm's then-partners.

  • June 04, 2026

    PayPal Brass Sued Over Branded Checkout Disclosures

    PayPal executives and directors were hit with a shareholder's derivative suit in Delaware federal court accusing them of damaging the company with positive comments about the growth potential of the company's branded checkout segment that were walked back earlier this year.

  • June 04, 2026

    Titan Of The Plaintiffs Bar: Robbins Geller's David Knotts

    Right after graduating from Cornell University Law School, David Knotts, a native of Kansas City, Missouri, landed at one of the world's largest corporate defense firms.

  • June 04, 2026

    Conn. Looks To Wipe Out CFTC's Contract Crackdown Suit

    Connecticut has taken aim at the U.S. Commodity Futures Trading Commission, blasting the agency's federal lawsuit to halt the state's efforts to police event contract trading as "wrongheaded."

  • June 04, 2026

    Data Center Power Co. Innio Prices Upsized $2.4B IPO

    Innio, a manufacturer of gas engines used to power artificial intelligence systems, began trading Thursday on the Nasdaq after raising $2.4 billion in an upsized initial public offering guided by Latham & Watkins LLP and Milbank LLP.

  • June 04, 2026

    'Parallel' DOJ, SEC Investigations Not So Parallel Anymore

    The level of coordination between the U.S. Department of Justice and the U.S. Securities and Exchange Commission has decreased under the Trump administration, resulting in disjointed investigatory efforts and misaligned timing in parallel investigations, experts say.

  • June 04, 2026

    SEC Disgorgement Powers Stay Intact After High Court Fight

    The U.S. Supreme Court on Thursday said that the U.S. Securities and Exchange Commission could collect ill-gotten gains from alleged fraudsters without having to identify victims who were financially harmed by the fraud, declining to place further limits on the agency's disgorgement powers six years after it last did so.

  • June 03, 2026

    Vista Equity Hit With Stockholder Suit Over $1.7B IAS Sale

    A former Integral Ad Science stockholder has launched a proposed class action in Delaware Chancery Court, asserting that a controlling stockholder sought the media measurement platform's $1.7 billion sale to affiliates of Novacap Management Inc. to eliminate exposure to his derivative claims alleging insider trading.

  • June 03, 2026

    Brooklyn Party Boss Says Client Impersonated Him In Filings

    Facing sanctions for allegedly frivolous litigation in New York state court, Brooklyn political powerbroker Frank Seddio testified Wednesday that his federally-charged client made numerous court filings under his name.

  • June 03, 2026

    Balwani Takes Theranos Conviction Challenge To Justices

    Former Theranos executive Ramesh "Sunny" Balwani is asking the U.S. Supreme Court to review his criminal fraud conviction and nearly 13-year prison sentence, arguing that the Ninth Circuit used the wrong review doctrine in rejecting his argument that prosecutors had failed to correct allegedly false testimony given by investor victims.

  • June 03, 2026

    Squires Institutes 3 Patent Reviews, Denies 3 Others

    U.S. Patent and Trademark Office Director John Squires on Tuesday granted three requests for review of patents under the America Invents Act, while turning down three other petitions.

  • June 03, 2026

    SDNY's Clayton Warns Of Foreign Social Media Sway

    Jay Clayton, the U.S. attorney for the Southern District of New York, warned an audience at an anti-money laundering conference Wednesday of the risk of foreign governments spending money on social media campaigns in the U.S. to "foment distrust," adding that regulators need to improve their handle on the global flow of illicit profits outside the core financial system.

  • June 03, 2026

    Trump-Backed Firm Says Exec Can't Sue For Crypto Freeze

    Trump family-tied crypto firm World Liberty Financial asked a California federal court to release it from crypto billionaire Justin Sun's suit accusing it of using backdoor mechanisms to hold Sun's tokens hostage after he invested $45 million in the project, arguing Sun wrongly attempts to assert claims over his businesses.

  • June 03, 2026

    KeyBank, Investment Advisers Settle Suit Alleging Client Theft

    KeyBank affiliate Key Investment Services LLC has agreed to settle its suit accusing two former investment advisers of stealing trade secrets and violating their employment agreements by soliciting customers.

  • June 03, 2026

    Texas Regulators Allege Crypto Multilevel Marketing Scam

    Texas securities regulators on Wednesday warned BG Wealth Sharing and an associated trading platform to stop their cryptocurrency investment and multilevel marketing scheme claiming to pool funds for short-term trades tied to bitcoin price movements, allegedly fueled by recruiting unwitting investors and false promises of hefty returns with no risks. 

  • June 03, 2026

    SpaceX Launches Plans For Massive $75B IPO

    SpaceX on Wednesday outlined a price target for its blockbuster initial public offering, telling U.S. regulators that it expects to raise $75 billion in what would mark the largest IPO in history.

  • June 03, 2026

    Pillsbury Hit With Suit Over Alleged $145M Loan Fraud

    An investment fund has filed a complaint in New York State court accusing a Pillsbury Winthrop Shaw Pittman partner of conspiring with convicted fraudsters to con the fund into writing a $145 million loan to now-defunct financial services company Aspiration Partners.

  • June 03, 2026

    Texas Capital Bank Hit With Suit After Data Breach

    A victim of a data breach hit Texas Capital Bank with potential class claims in federal court Wednesday, accusing the financial institution of failing to safeguard sensitive customer information and allowing bad actors to steal data.

  • 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.

Expert Analysis

  • 2 AI Snafus Show Why Attys Can't Outsource Judgment

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    The recent incident involving Sullivan & Cromwell where citations in a filed motion were fabricated by artificial intelligence, as well as a punitive ruling from the Sixth Circuit in U.S. v. Farris, demonstrate that the obligation to supervise AI has belonged and always will belong to lawyers, says John Powell at the Kentucky School Boards Association.

  • Assessing The 9th Circ.'s Recent Stock Drop Dismissal Trend

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    The recent decision in Nova Scotia Health Employees' Pension Plan v. Comerica is an important circuit-level addition to the growing trend of Ninth Circuit securities class action dismissals on loss causation grounds, which have used a contextual analysis premised on stock drops that are modest, typical and short-lived, say attorneys at Paul Weiss.

  • How Data Center Accounting May Draw Enforcement Scrutiny

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    As public and media scrutiny of the data center industry intensifies, regulators, enforcement authorities and Congress will likely focus on accounting judgments that rely on aggressive assumptions, opaque financing structures or rapidly evolving collateral classes, heightening the risk of investigations and inquiries, say attorneys at King & Spalding.

  • How 'Spillover' Effects Can Skew AI Securities Class Actions

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    Event study evidence is often central in securities litigation at class certification and beyond, but in an environment where earnings forecasts and statements can have spillover market implications, particularly when concerning artificial intelligence, the task of parsing out the price impact of news requires careful consideration, say Erik Johannesson, Olivia Wurgaft and Nguyet Nguyen at Brattle Group.

  • Opinion

    Tribal Gaming Law Is Paramount In Prediction Market Cases

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    Whatever the outcome of the preemption question in prediction market litigation involving states and the federal government, the Indian Gaming Regulatory Act deals very specifically with gaming on Indian lands and almost certainly trumps the general federal laws at issue, says Kevin Washburn at the University of California, Berkeley.

  • Series

    Playing Magic: The Gathering Makes Me A Better Lawyer

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    The competitive card game Magic: The Gathering offers me a training ground for the strategic thinking skills crucial to litigation, challenging me to adapt to oft-updated rules, analyze text as complicated as any statute and anticipate my opponent’s next moves, says Christopher Smith at Lash Goldberg.

  • Why The Wells Process Is No Longer A One-Sided Exercise

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    The U.S. Securities and Exchange Commission's recently revamped Enforcement Manual rewrites the informational asymmetry that has defined SEC defense for decades, providing counsel with several new strategies to produce better submissions, give better advice and achieve better outcomes, says Ashwin Ram at Buchalter.

  • Improving Well-Being In Law, 10 Years After Landmark Study

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    An important 2016 study revealed significant substance abuse and mental health issues among lawyers, and while the findings helped normalize the conversation around these topics, a decade later, structural change is still needed, says Denise Robinson at PLI.

  • 8 Reasons To Consider Maryland As A 'DExit' Option

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    While Nevada and Texas have garnered the most attention as alternative states of incorporation for companies considering leaving Delaware, Maryland offers considerable benefits too, including a predictable statutory framework, robust anti-takeover protections, sophisticated business courts with decades of experience, and more, say attorneys at Miles & Stockbridge.

  • Mapping Philly US Atty's White Collar Enforcement Push

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    Attorneys at Blank Rome discuss the U.S. Attorney for the Eastern District of Pennsylvania David Metcalf’s commitments and priorities, survey early results from his first year, and suggest practical action items for companies operating under the office's jurisdiction.

  • Opinion

    Exxon's Retail Voting Program Is A Trap For Retail Investors

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    The U.S. Securities and Exchange Commission approved Exxon Mobil's first-of-its-kind proxy voting program last September, but ahead of the company's annual shareholder meeting next month, it's clear that retail shareholders have delegated their voice to the entity their vote exists to check, says Christina Sautter at Southern Methodist University.

  • What DOL Proposal Signals For 401(k)s, Alternative Assets

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    The U.S. Department of Labor recently published a highly anticipated proposed rule that could establish more defined pathways for 401(k) plan fiduciaries to consider investment options with greater alternative asset exposure, and help fund sponsors and investment managers develop such options, say attorneys at Cleary.

  • SEC's Enforcement Slowdown May Raise Oversight Questions

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    After six months of enforcement activity, it's clear that fiscal year 2026 will see an unprecedented decline in U.S. Securities and Exchange Commission enforcement activity relative to past years, but whether the SEC will be viewed as sufficiently policing the securities markets at the end of the fiscal year is more uncertain, say attorneys at Covington.

  • What To Expect From The SEC's New SOX Group

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    In a potential shift away from Public Company Accounting Oversight Board enforcement, the U.S. Securities and Exchange Commission's formation of a new group to investigate and litigate potential violations of the Sarbanes-Oxley Act brings both risks and benefits for auditors, say attorneys at King & Spalding.

  • Contract Language Reigned Supreme In Bancorp Dismissal

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    A Minnesota federal court's recent dismissal of claims over U.S. Bancorp's cash sweep program underscores that clear contractual disclosures hold weight in class actions, demonstrating the power of contract language that plainly indicates terms, fiduciary limits and institutional benefits to customers, says Quin Seiler at Winthrop & Weinstine.

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