Securities

  • November 20, 2025

    DocGo Investors Get First OK For $12.5M Settlement

    Investors of mobile medical provider DocGo have received preliminary approval of their $12.5 million settlement of claims that the company deceived stockholders before a $432 million contract with New York City to provide emergency migrant housing came under public scrutiny.

  • November 20, 2025

    Trump's CFTC Pick Selig Advances To Senate Floor

    President Donald Trump's pick to lead the U.S. Commodity Futures Trading Commission will advance to the U.S. Senate floor after a Thursday agriculture committee vote on Michael Selig's nomination passed along party lines.

  • November 20, 2025

    Libra Buyers Push For Asset Freeze Over Alleged Fund Moves

    Buyers of the collapsed crypto project Libra who allege operators misled them into buying the token with the help of an endorsement from Argentine President Javier Milei are again asking a Manhattan federal judge to freeze proceeds from the asset sale to purportedly stop evidence destruction.

  • November 20, 2025

    Musk Lied About Tesla To Fund Twitter Buy, 9th Circ. Told

    Tesla shareholders urged the Ninth Circuit Thursday to revive their allegations that Elon Musk lied about the capabilities and safety record of Tesla's self-driving technology, saying the district court erred in finding no evidence of fraudulent intent since the billionaire clearly needed to boost Tesla's share price to buy Twitter.

  • November 20, 2025

    Chinese Logistics Co. Investors Sue Over 95% Stock Crash

    Investors of China-based Jayud Global Logistics have filed suit in New York federal court, alleging the company's stock price was artificially inflated through fake social media posts before it suddenly collapsed by 95% in one day, leaving everyday shareholders holding the bag.

  • November 20, 2025

    Chancery Says $33M Nikola Deal 'More Than Fair'

    Delaware Chancellor Kathaleen St. J. McCormick granted final approval Thursday to a pair of settlements totaling more than $33 million, including more than $1.8 million in fees and expenses, resolving years of shareholder litigation tied to Nikola Corp.'s fraud-shadowed SPAC merger.

  • November 20, 2025

    Investment Adviser Admits 2-Year Client Swindling Scheme

    An investment adviser charged with running a two-year fraud scheme in which he convinced investors to put money toward non-existent business opportunities admitted Thursday that he is guilty of the government's allegations.

  • November 20, 2025

    SEC Walks Away From SolarWinds Data Breach Case

    The U.S. Securities and Exchange Commission announced Thursday that it was voluntarily dismissing a lawsuit accusing software developer SolarWinds Corp. and its chief information security officer of failing to warn investors about lax cybersecurity standards prior to suffering a massive data breach.

  • November 20, 2025

    Ex-SDNY Chief Rejects Claim Of Broken FTX Plea Promise

    Former interim Manhattan U.S. Attorney Danielle Sassoon told a federal judge Thursday that she never promised crypto lobbyist Michelle Bond any kind of no-prosecute deal as the government negotiated a guilty plea with Bond's husband, former FTX executive Ryan Salame.

  • November 19, 2025

    FDIC Can't Have Advisory Jury In $1.9B Fight With SVB Trust

    A California federal judge Wednesday denied the Federal Deposit Insurance Corp.'s request that she empanel an advisory jury in a suit looking to force the agency to return some $1.9 billion in frozen deposits to the former operator of Silicon Valley Bank, finding "no compelling reasons" to do so.

  • November 19, 2025

    Charlie Javice's Redo Bid Says Clerks Had Davis Polk Conflict

    Charlie Javice, who faces a seven-year sentence for conning JPMorgan Chase & Co. into buying her college financial aid startup Frank, asked a Manhattan federal judge Wednesday for a new trial, arguing that two clerks who worked on the trial had accepted jobs with the bank's firm Davis Polk & Wardwell LLP.

  • November 19, 2025

    Cato Urges High Court To Review SEC Disgorgement Powers

    The Cato Institute and others have come out in support of a call for the U.S. Supreme Court to resolve a circuit split over the U.S. Securities and Exchange Commission's disgorgement powers, saying a recent Ninth Circuit decision unlawfully delegates legislative power to executive officials. 

  • November 19, 2025

    YouTube's 'Nelk Boys' Can't Nix Crypto Fraud Claims

    The influencers behind the YouTube channel "Nelk Boys" must face civil fraud and conspiracy claims stemming from a $23 million offering and sale of digital assets, in a lawsuit a buyer has brought alleging they largely failed to make good on delivering certain perks they promised purchasers.

  • November 19, 2025

    SCANA Investors Get 1st OK For $34M Deal With Deloitte

    Consulting giant Deloitte and investors in utility company SCANA Corp. have gotten an initial nod for their $34 million agreement to settle proposed class action claims that Deloitte gave cover to SCANA as it failed to report delays and cost overruns for a $9 billion nuclear energy expansion project it ultimately abandoned.

  • November 19, 2025

    FDIC's Hill Advances In Senate Amid Dem Stonewalling Claims

    Acting Federal Deposit Insurance Corp. Chairman Travis Hill's bid for a permanent term cleared a key hurdle Wednesday as the U.S. Senate Banking Committee advanced his nomination along with several other picks from the Trump White House.

  • November 19, 2025

    Justices Told Presidential Firing Limits Is An 'Originalist' Idea

    A bipartisan collection of current and former government officials has urged the U.S. Supreme Court to uphold a 90-year-old ruling that empowers Congress to prohibit the president from firing certain agency officials at will, claiming the precedent has roots that date back to the country's founding and reflects key separation of powers principles.

  • November 19, 2025

    Med Co. Sellers Urge Del. Justices To Revive Suit

    An attorney for former investors in urgent care provider CityMD urged Delaware's Supreme Court on Wednesday to reverse a lower court's dismissal of claims they were coerced into giving up purported rights to the same consideration a private equity controller received in a 2021 merger.

  • November 19, 2025

    Trump's CFTC Nom Grilled On Possible Crypto Leadership

    President Donald Trump's nominee to lead the U.S. Commodity Futures Trading Commission was asked by senators on Wednesday whether the agency has enough money and staff to be handed the keys to crypto market oversight, but Michael Selig declined to commit to pushing for additional funding or for a full complement of commissioners if confirmed.

  • November 19, 2025

    Lawmakers Urge High Court To Curb SEC's Receivership Powers

    A group of Republican lawmakers is urging the U.S. Supreme Court to take up a Texas businessman's case challenging the U.S. Securities and Exchange Commission's ability to place businesses into court-appointed receivership before a trial.

  • November 19, 2025

    Deutsche Bank To Pay FINRA $2.5M Over Research Reports

    The securities segment of Deutsche Bank on Wednesday agreed to pay the Financial Industry Regulatory Authority $2.5 million to settle claims that for 18 years it violated multiple research report disclosure requirements, impacting approximately 110,000 debt and equity research reports.

  • November 19, 2025

    SEC Enforcement Actions Plunged After Gensler, Report Says

    The U.S. Securities and Exchange Commission brought far fewer enforcement actions against public companies and subsidiaries after its Biden-era leader Gary Gensler departed, with the former chair bringing 52 of the 56 actions the agency initiated in fiscal 2025 despite stepping down in January.

  • November 19, 2025

    Pool Co. Directors Hit With Derivative Suit In Del.

    Three stockholders of pool equipment company Hayward Holdings Inc. sued the company's directors and officers in Delaware's Court of Chancery late Tuesday, seeking derivative damages based on claims that — after thriving during the pandemic — the company failed to report ballooning customer inventories as insiders traded on bogus, upbeat news.

  • November 19, 2025

    Cannabis REIT Innovative Industrial Hit With New Investor Suit

    A shareholder for cannabis-focused real estate investment trust Innovative Industrial Properties Inc. accused the REIT's current and former executives Wednesday of not telling shareholders about how poorly several of the its largest tenants were doing.

  • November 19, 2025

    6th Circ. Won't Explain Docs Ruling To FirstEnergy Investors

    The Sixth Circuit on Wednesday denied a request from FirstEnergy investors to clarify a ruling blocking them from accessing documents prepared by BigLaw firms investigating the company's $1 billion bribery scandal.

  • November 19, 2025

    Samourai Wallet Tech Gets 4 Years In Crypto Laundering Case

    A Manhattan federal judge sentenced a self-taught coder who managed the day-to-day tech side of crypto mixer Samourai Wallet to four years in prison Wednesday, after he admitted that he knew the business facilitated bitcoin transfers derived from criminal activity.

Expert Analysis

  • Stablecoin Committee Promotes Uniformity But May Fall Short

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    While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Resilience Planning Is New Key To Corporate Sustainability

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    While the current wave of deregulation may reduce government enforcement related to climate issues, businesses still need to evaluate how climate volatility may affect their operations and create new legal risks — making the apolitical concept of resilience increasingly important for companies, says J. Michael Showalter at ArentFox Schiff.

  • Parsing Trump Admin's First 6 Months Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding.

  • FDA Transparency Plans Raise Investor Disclosure Red Flags

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    The U.S. Food and Drug Administration’s recently announced intent to publish complete response letters for unapproved drugs and devices implicates certain investor disclosure requirements under securities laws, making it necessary for life sciences and biotech companies to adopt robust controls going forward, say attorneys at Arnold & Porter.

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • A Changing Playbook For Fighting Records Requests In Del.

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    The Delaware Supreme Court's recent decision in Wong v. Amazon, reversing the denial of an inspection demand brought by a stockholder, serves as a stark warning to corporations challenging books and records requests, making clear that companies cannot defeat such demands solely by attacking the scope of their stated purpose, say attorneys at Duane Morris.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • 'Solicit' Ruling Offers Proxy Advisers Compliance Relief

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    The D.C. Circuit recently found that proxy voting advice does not fall under the legal definition of "solicitation," significantly narrowing the U.S. Securities and Exchange Commission's regulatory power over such advisers, offering stability to the proxy advisory industry and providing temporary relief from new compliance burdens, say attorneys at Sheppard Mullin.

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • State Crypto Regs Diverge As Federal Framework Dawns

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    Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.

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