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Securities

  • August 15, 2025

    Firm Avoids FINRA Fine For Cooperation In Mutual Fund Case

    A broker-dealer unit of Georgia-based insurance company Primerica has avoided a fine from the Financial Industry Regulatory Authority by providing what FINRA described as "extraordinary cooperation" in response to a probe of its practices for safeguarding the so-called rights of reinstatement in place for investors in certain mutual funds.

  • August 15, 2025

    Judge Tosses GitLab Investors' AI Hype Suit

    Software development collaboration platform GitLab has escaped a lawsuit accusing it of overhyping its artificial intelligence technology, but the California federal judge in charge of the case has given shareholders another chance to demonstrate just how the technology allegedly was not up to snuff.

  • August 15, 2025

    $111.25M Del. Settlement Proposed For Cencora Opioid Suits

    Executives and board members of Cencora Corp. — formerly AmerisourceBergen — have tentatively settled for $111.25 million a Delaware Court of Chancery stockholder derivative suit accusing them of taking a "devil may care" attitude toward the illegal distribution of opioid painkillers at the center of a nationwide addiction epidemic.

  • August 15, 2025

    Charter Hid Losses After FCC Subsidies Ended, Investor Says

    Charter Communications has been hit with a proposed shareholder class action alleging it misled investors about its ability to offset internet customer losses after the end of the FCC's pandemic-era Affordable Connectivity Program, which 5 million of Charter's customers used.

  • August 15, 2025

    Twitter Investor Cites New Del. Backing For Musk Suit Reboot

    A Twitter investor who lost a suit for damages after selling his shares when Elon Musk briefly balked at closing on his buyout of the social media giant has asked Delaware's Court of Chancery to reconsider, citing an agency document that purportedly contradicts Musk's defenses.

  • August 15, 2025

    Judge Punts On ProPay Sanctions In TelexFree Suit

    A Massachusetts magistrate judge sent a motion for sanctions against ProPay to a district judge for ruling, saying the payment company failed to take steps to preserve electronic documents but the plaintiffs hadn't proven its intent to destroy evidence in a case over its alleged involvement in TelexFree's "hybrid Ponzi-pyramid scheme."

  • August 15, 2025

    LA Judge Upholds $2M Award In Cannabis Investment Battle

    A Los Angeles state court judge upheld a $2.25 million judgment against the manager of a medical marijuana collective accused of defrauding an investor, chastising him for "never even" attempting to bring in key evidence that would allegedly help his case.

  • August 14, 2025

    Cadwalader Corporate Head Exits To McDermott After 40 Years

    Ira Schacter, a senior partner at Cadwalader Wickersham & Taft LLP, is leaving the firm after 40 years to lead a new section of newly merged McDermott Will & Schulte's transactions practice that will counsel clients where private equity, insurance and financial services matters meet, McDermott confirmed Thursday.

  • August 14, 2025

    Genesis Parent Says It Met $1.1B Duty, Seeks 'Overpayments'

    Crypto conglomerate Digital Currency Group Inc. on Thursday urged a New York bankruptcy judge to declare it has no further obligations under a $1.1 billion promissory note meant to "backstop" its bankrupt subsidiary, crypto lender Genesis, after rising crypto prices allegedly offset the loss the note intended to cover.

  • August 14, 2025

    Healthcare Co. Exec, GC Revealed Trade Secrets, Court Told

    A preponderance of emails shows that former CEOs involved with a trio of healthcare and real estate companies shared financial documents and other intellectual property that were undoubtedly trade secrets, the companies' attorney told the North Carolina Business Court on Thursday.

  • August 14, 2025

    2 Face Charges Over $200M Water Vending Machine Fraud

    A Washington business executive and a former investment adviser were hit with civil and criminal charges in New York federal court Thursday stemming from an alleged yearslong $200 million Ponzi scheme that hawked investments in nonexistent water vending machines.

  • August 14, 2025

    Zillow Brings Goldman Fight To Skeptical 9th Circ.

    The Ninth Circuit on Thursday cast doubt on Zillow Group Inc.'s efforts to decertify an investor class claiming that the real estate listing site oversold a now-shuttered home-buying program, appearing skeptical of arguments that a recent U.S. Supreme Court decision worked in the company's favor.

  • August 14, 2025

    Energy Co. Can't Avoid 401(k) Forfeiture, Fee Fight

    A Florida federal judge refused Thursday to toss a proposed class action against NextEra Energy from an employee 401(k) participant who alleged plan forfeitures were misspent and that a recordkeeper illegally profited off retirement plan earnings, opening discovery on allegations that the conduct violated federal benefits law.

  • August 14, 2025

    Armistice Capital Beats Derivative Suit In Chancery

    An Aytu Biopharma Inc. stockholder's derivative lawsuit in Delaware against Armistice Capital LLC crumbled on Thursday after a vice chancellor rejected breach of fiduciary duty, unjust enrichment, and aiding and abetting claims against the New York hedge fund.

  • August 14, 2025

    Del. Challenge To Squarespace Doc Suit Toss Moves Forward

    A Delaware vice chancellor on Thursday ordered an October hearing over stockholder exceptions to a posttrial dismissal of a lawsuit for records on Squarespace Inc.'s $7.2 billion take-private deal, following objections that the ruling "would require the court to possess impossible prescience."

  • August 14, 2025

    Ponzi Scheme Trial Not Tainted By Video Depo, 7th Circ. Says

    A Seventh Circuit panel upheld the conviction and 17-year sentence of an alleged Ponzi schemer, rejecting a "host of challenges," including that he was denied his Sixth Amendment confrontation rights when the government presented a key witness's testimony through a videotaped foreign deposition neither he nor his counsel attended.

  • August 14, 2025

    Ex-Payday Lender CEO Gets 7 Years For $66M Ponzi Scheme

    The former CEO of a Miami payday loan company was sentenced Thursday to more than seven years in prison for operating a Ponzi scheme that prosecutors say fraudulently raised $66 million from more than 600 investors.

  • August 14, 2025

    Crypto Co. Slams Canadian Consultant's Unpaid Wages Claims

    Cryptocurrency startup Unicoin Inc. and its CEO have asked a New York federal judge to dismiss a former consultant's lawsuit alleging he's owed wages and coin commissions for his work facilitating the firm's Canadian presence, arguing the consultant quit last summer and has no enforceable contract.

  • August 14, 2025

    US Targets Russia-Linked Crypto Exchanges Over Illicit Flows

    The Trump administration on Thursday renewed sanctions on Russian cryptocurrency exchange Garantex and moved against its successor, Grinex, accusing the platforms of helping launder illicit transactions and shifting business to dodge earlier penalties.

  • August 14, 2025

    Purported Cartier Family Scion Denies Laundering Charges

    An Argentinian entrepreneur and professional singer with ties to the family that created jewelry giant Cartier on Thursday denied charges that he helped operate a Colombia cryptocurrency money-laundering network that assisted traffickers in their effort to repatriate $14 million of narcotics proceeds.

  • August 14, 2025

    Troutman Adds 3 More CMBS Attys From K&L Gates

    Troutman Pepper Locke LLP has announced three more additions to its commercial mortgage-backed securities team from K&L Gates LLP, saying their hires will "further fortify the firm's competitive edge in the special servicing and litigation sectors."

  • August 14, 2025

    DiDi Investors Get Partial Cert. In Ride-Hailing App IPO Suit

    A New York federal judge adopted a magistrate judge's recommendation to partially grant class certification in an investor suit alleging DiDi Global Inc., a ride-hailing business based in China, hid enterprise-threatening regulatory risks during its initial public offering in 2021.

  • August 13, 2025

    6th Circ. Clarifies Class Cert. Standard In FirstEnergy Suit

    A class of FirstEnergy investors suing in the wake of a $1 billion bribery scandal should not have been certified, the Sixth Circuit ruled Wednesday, saying the district court applied the wrong standard, but indicated the class could be recertified on remand.

  • August 13, 2025

    Dick's Sporting Goods Suit Should Be Trimmed, Judge Says

    A Pennsylvania federal judge has recommended trimming a shareholder class action that claims Dick's Sporting Goods misled investors about inventory levels and losses because of theft after the COVID-19 pandemic, finding that some of the suit's challenged statements are forward-looking and inactionable, among other things.

  • August 13, 2025

    Andreessen Horowitz Urges SEC To Craft DeFi Safe Harbor

    Venture capital firm Andreessen Horowitz and crypto lobby the DeFi Education Fund penned a joint letter Wednesday, urging the U.S. Securities and Exchange Commission to shield certain decentralized crypto projects from broker-dealer requirements.

Expert Analysis

  • Reviewing Trump Admin's Rapid Pro-Crypto Regulatory Pivot

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    The digital asset industry has received a boost from the explicitly pro-crypto Trump administration, which in its first few months reversed Biden-era rules and installed industry proponents at regulatory agencies, marking one of the biggest regulatory about-faces by a government in recent memory, says Robert Appleton at Olshan Frome.

  • Top 3 Litigation Finance Deal-Killers, And How To Avoid Them

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    Like all transactions, litigation finance deals can sometimes collapse, but understanding the most common reasons for failure, including a lack of trust or a misunderstanding of deal terms, can help both parties avoid problems, say Rebecca Berrebi at Avenue 33 and Boris Ziser at Schulte Roth.

  • A 2-Step System For Choosing A Digital Asset Reporting Path

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    Under the Internal Revenue Service's new digital asset reporting regulation, each type of asset may have three potential reporting destinations, so a detailed testing framework can help to determine the appropriate path, says Keval Sonecha at Sonecha & Amlani.

  • Foreign Countries Have Strong Foundation To Fill FCPA Void

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    Though the U.S. has paused enforcement of the Foreign Corrupt Practices Act, liberal democracies across the globe are well equipped to reverse any setback in anti-corruption enforcement, potentially heightening prosecution risk for companies headquartered in the U.S., says Stephen Kohn at Kohn Kohn.

  • How Attys Can Use A Therapy Model To Help Triggered Clients

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    Attorneys can lean on key principles from a psychotherapeutic paradigm known as the "Internal Family Systems" model to help manage triggered clients and get settlement negotiations back on track, says Jennifer Gibbs at Zelle.

  • A Tale Of Two Admins: Parsing 1st Half Of SEC's FY 2025

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    The first half of the U.S. Securities and Exchange Commission's fiscal year 2025, which ended March 31, was unusually eventful, marked by a flurry of enforcement actions in the last three months of former Chair Gary Gensler's tenure and a prompt pivot after Inauguration Day, say attorneys at Jones Day.

  • How Banks Can Manage Risk As AI Adoption Expands

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    Following new, supportive comments from financial regulatory leaders about the use of artificial intelligence in the industry, banks may move toward wider, less-tentative adoption of the technology, but will also need to deploy important risk management measures, say attorneys at WilmerHale.

  • What Bank Regulator Consolidation Would Mean For Industry

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    Speculation over the Trump administration’s potential plans to consolidate financial service regulators is intensifying uncertainty, but no matter the outcome for the Consumer Financial Protection Bureau, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency, the industry should expect continued policy changes, say attorneys at Foley & Lardner.

  • Getting Ahead Of The SEC's Continued Focus On Cyber, AI

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    The U.S. Securities and Exchange Commission is showing it will continue to scrutinize actions involving cybersecurity and artificial intelligence, but there are proactive measures that companies and financial institutions can take to avoid regulatory scrutiny going forward, say attorneys at Morgan Lewis.

  • 3 Steps For In-House Counsel To Assess Litigation Claims

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    Before a potential economic downturn, in-house attorneys should investigate whether their company is sitting on hidden litigation claims that could unlock large recoveries to help the business withstand tough times, says Will Burgess at Hilgers Graben.

  • Despite SEC Climate Pause, Cos. Must Still Heed State Regs

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    While businesses may have been given a reprieve from the U.S. Securities and Exchange Commission's rules aimed at standardizing climate-related disclosures, they must still track evolving requirements in states including California, Illinois, New Jersey and New York that will soon require reporting of direct and indirect carbon emissions, say attorneys at Husch Blackwell.

  • A Primer On The Trading And Clearing Of Perpetual Contracts

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    The U.S. Commodity Futures Trading Commission recently released a request for comment on the trading and clearing of perpetual-style derivatives, most common in the cryptocurrency market, necessitating a deep look at how these contracts operate and their associated risks, say attorneys at Moore & Van Allen.

  • Series

    Teaching College Students Makes Me A Better Lawyer

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    Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins.

  • Crunching The Numbers Of Trump SEC's 1st 100 Days

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    During the first 100 days of the second Trump administration, the U.S. Securities and Exchange Commission brought significantly fewer stand-alone enforcement actions than at the beginning of the Biden and the first Trump administrations, with every one of the federal court complaints including allegations of fraudulent conduct, say attorneys at Dentons.

  • Series

    Adapting To Private Practice: From DOJ Enviro To Mid-Law

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    Practitioners leaving a longtime government role for private practice — as when I departed the U.S. Department of Justice’s environmental enforcement division — should prioritize finding a firm that shares their principles, values their experience and will invest in their transition, says John Cruden at Beveridge & Diamond.

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