Securities

  • April 10, 2026

    Big Banks Say They Were Victims Of Tricolor Fraud Scheme

    JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings, arguing that they were also victims of the fraud and not aware of the scheme despite being sophisticated financial institutions.

  • April 10, 2026

    SEC To Craft Exemption For Foreign Bail-In Transactions

    U.S. Securities and Exchange Commission Chair Paul Atkins said Friday that he has directed staff to draft an exemption for securities offered and sold as part of certain foreign bail-in processes, announcing the plans as the agency said it won't take action over bail-in transactions directed by the Bank of England.

  • April 10, 2026

    Trump Media Pans Truth Social Backers' Bid To Depose Trump

    Trump Media & Technology Group urged a Florida state judge to deny a bid by former backers of President Donald Trump's Truth Social platform to stay its July trial over taking the company public, saying the court shouldn't wait on the defendants' too-late appeal related to deposing the president.

  • April 10, 2026

    CFTC Taps Latham, Sidley Attys For Innovation Task Force

    The Commodity Futures Trading Commission has tapped alumni of Latham & Watkins LLP, Sidley Austin LLP and advisory firm Patomak Global Partners LLC for its task force developing regulatory framework for cryptocurrency, artificial intelligence and prediction markets.

  • April 10, 2026

    11th Circ. Sinks Firm's $1.5M Win Over 'Illegal' ESOP Advice

    The Eleventh Circuit threw out a $1.5 million verdict awarded to a financial advisory firm that alleged its former client backed out of an employee stock ownership plan contract, ruling Friday that the firm could not recover for the cost of the "illegal investment advice" it furnished.

  • April 10, 2026

    Coty Brass Hid Struggling Beauty Brands Sales, Suit Says

    Executives and directors of beauty giant Coty Inc. were hit with a shareholder's derivative suit accusing them of damaging the company by falsely claiming that sales in both its consumer and prestige beauty segments were improving when both divisions were actually struggling.

  • April 10, 2026

    Simpson Thacher-Led Blackstone Preps Data Center REIT IPO

    Blackstone Digital Infrastructure Trust Inc., a newly formed real estate investment trust focused on data centers, filed plans April 10 for an initial public offering, with guidance from Simpson Thacher & Bartlett LLP and underwriters' counsel Paul Hastings LLP.

  • April 10, 2026

    Texas REIT Discloses $53M RealPage Settlement With Renters

    A Texas-based real estate investment trust has reached a $53 million class action settlement for multidistrict litigation in Tenneseee federal court that accused the REIT and multiple landlords of using property management software company RealPage Inc.'s revenue management software for rent price-fixing.

  • April 10, 2026

    Social Media Influencer Gets 6 Years For $20M Ponzi Scheme

    A social media finance influencer who pled guilty to wire fraud and abetting a false tax filing tied to a $20 million real estate Ponzi scheme was sentenced Friday to six years in prison by an Ohio federal judge.

  • April 10, 2026

    Chancery Tosses Orchid Suit Over Investor Jurisdiction

    The Delaware Chancery Court on Friday dismissed a declaratory judgment suit brought by Orchid Global Inc. against a minority stockholder, finding the court lacks personal jurisdiction over the California-based investor despite the company's reliance on its forum selection bylaws.

  • April 09, 2026

    Binance Can't Push Investor Suit Into Arbitration

    Binance and its former CEO Changpeng Zhao cannot force into arbitration a proposed class action alleging that the crypto trading platform knowingly violated U.S. regulatory requirements by failing to implement an effective anti-money laundering program and offering and selling unregistered securities, a Florida federal judge ruled Thursday.

  • April 09, 2026

    Citron Founder Loses Bid To Trim DOJ Fraud Case

    A California federal judge has rejected Citron Research founder Andrew Left's bid to trim the federal government's criminal securities fraud case, saying the indictment's first count is not "duplicitous" because it alleges a single market-manipulation scheme involving multiple misleading statements and does not need to be split into multiple counts.

  • April 09, 2026

    FINRA Fines Firm For Letting Execs Supervise Themselves

    A small broker-dealer will pay the Financial Industry Regulatory Authority $125,000 to end claims including that it allowed certain principals to handle supervisory reviews of their own electronic communications, running afoul of its record review obligations for about seven years.

  • April 09, 2026

    Stellantis Faces Investor Suit Over EV-Linked Biz Slump

    Auto distributor Stellantis NV is facing a proposed shareholder class action alleging it concealed the €22.2 billion ($26 billion) financial burden of shifting focus away from battery-powered electric vehicles after experiencing weaker-than-expected demand.

  • April 09, 2026

    SEC Says FTX Auditor Didn't Understand Crypto Markets

    A Prager Metis equity partner who led the firm's audits of defunct crypto asset trading platform FTX has been barred, for now, from appearing or practicing before the U.S. Securities and Exchange Commission in connection with the regulator's claims he mishandled the FTX financial reviews and improperly blessed its financial statements.

  • April 09, 2026

    KikOff Co-Founder Seeks Records, Alleges CEO Self-Dealing

    The co-founder of a fintech company aimed at building people's credit has asked the Delaware Chancery Court to force the fintech company to turn over internal records, accusing its CEO of consolidating power and engineering transactions that harmed minority stockholders.

  • April 09, 2026

    SEC Accuses VC Fund Of Management Fee Fraud

    The U.S. Securities and Exchange Commission on Thursday sued Backswing Ventures GP LLC and its principal in a Florida federal court, alleging the venture capital firm paid itself seven times as much money in management fees than it told investors it would.

  • April 09, 2026

    Fed Ends Crédit Agricole, Goldman Enforcement Orders

    The Federal Reserve said Thursday that it has closed out another batch of longstanding enforcement actions against big banks, freeing Crédit Agricole, Goldman Sachs and Taiwan's Mega Bank from orders that date to at least 2018.

  • April 09, 2026

    Software Co. Investor Claim Sounds 'Like Fraud,' Judge Says

    A Georgia federal judge signaled Thursday that supply chain software firm Manhattan Associates Inc. may have to face a shareholder class action from investors who say they were misled about the company's revenues, remarking that their claim, at least as alleged, "sounds to me like fraud."

  • April 09, 2026

    SpaceX Plans Record Retail Slice In IPO, And Other Rumors

    As SpaceX prepares what could be the largest initial public offering ever, executives reportedly told the company's bankers that it plans to allocate a record portion of shares to retail investors, drawing comparisons to the so-called meme stock frenzy of 2021. 

  • April 09, 2026

    Driven Brands Hit With Investor Suit Over Financial Controls

    Auto services holding company Driven Brands is facing a proposed class action from a shareholder accusing it of misleading the public about the firm's internal controls over financial reporting, leading to a 30% single-day share price drop when investors learned that results of several quarters were inaccurately reported.

  • April 09, 2026

    Crypto CEO Fights Extradition On Human Rights Grounds

    The former chief executive of a crypto-asset company fought against extradition to the U.S. on fraud charges on Thursday, telling a London court that it would violate his human rights as he would be at an increased risk of suicide.

  • April 08, 2026

    Feds Move To Block Arizona's Gambling Laws Against Kalshi

    The U.S. Department of Justice and the U.S. Commodity Futures Trading Commission on Wednesday backed Kalshi's assertion that Arizona's gambling laws cannot be applied to federally regulated prediction market platforms, the same day the Phoenix federal court rejected Kalshi's bid to halt enforcement of those state laws.

  • April 08, 2026

    DC Circ. Allows DOD To Ax Anthropic Contracts Amid Review

    The D.C. Circuit Wednesday shot down Anthropic's request for an emergency order temporarily barring the U.S. Department of Defense from designating the artificial intelligence company as a national security risk while Anthropic's appeal plays out, although it agreed to expedite the appeal.

  • April 08, 2026

    VC Fund Chief, Firms To Pay SEC $2.4M To Settle Fraud Claim

    A Florida resident and his investment advisory firms agreed Wednesday to pay nearly $2.4 million to the U.S. Securities and Exchange Commission to settle claims they made false and misleading disclosures to investors in the venture capital funds they managed.

Expert Analysis

  • 2025's Defining AI Securities Litigation

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    Three securities litigation decisions from 2025 — involving General Motors, GitLab and Tesla — offer a preview of how courts will assess artificial intelligence-related disclosures, as themes such as heightened regulatory scrutiny and risk surrounding technical claims are already taking shape for the coming year, say attorneys at Cooley.

  • Series

    Mass. Banking Brief: All The Notable Legal Updates In Q4

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    Among the most significant developments on the banking regulation front in Massachusetts last quarter, Attorney General Andrea Joy Campbell announced her bid for reelection, and the state Division of Banks continued its fintech focus by finalizing rules implementing a new money transmitter law, say attorneys at Nutter.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • How Shareholder Activism Fared In 2025

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    2025 was a turbulent yet transformative year in shareholder activism, and there are several key takeaways to help companies prepare for a 2026 that is shaping up to be even more lively, including increased focus on retail investors and the use of social media as a tool, say attorneys at Sidley.

  • Justices' Separation-Of-Powers Revamp May Hit States Next

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    The U.S. Supreme Court's 2024 decision in U.S. Securities and Exchange Commission v. Jarkesy quietly laid the groundwork for an expansion of the court's separation-of-powers agenda beyond the federal level, but regulated parties and state and local governments alike can act now to anticipate Jarkesy's eventual wider application, say attorneys at Troutman.

  • Preparing For Congressional Investigations In A Midterm Year

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    2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.

  • Key Trends Shaping ESG And Sustainability Law In 2026

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    2025 saw a chaotic regulatory landscape and novel litigation around environmental, social and governance issues and sustainability — and 2026, while perhaps more predictable, will likely be no less challenging, with more lawsuits and a regulatory tug-of-war complicating compliance for global companies, say attorneys at Crowell.

  • How Bank M&A Prospects Brightened In 2025

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    Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.

  • 3 Securities Litigation Trends To Watch In 2026

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    Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.

  • 4 Developments That Defined The 2025 Ethics Landscape

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    The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.

  • Navigating AI In The Legal Industry

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    As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.

  • Regulatory Rollback And Lingering Limbo: The CFPB In 2025

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    The Consumer Financial Protection Bureau has implemented significant changes since President Donald Trump took office in January, including dismissing actions with prejudice, withdrawing guidance and rescinding rules, casting the bureau in uncertain light heading into 2026, say attorneys at Mayer Brown.

  • 2025 Calif. Banking Oversight Centered On Consumer Issues

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    The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.

  • The Major Securities Litigation Rulings And Trends Of 2025

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    The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.

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