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Securities

  • July 15, 2025

    Weedmaps, SPAC Officers Want Out Of Investor SEC Fine Suit

    Cannabis tech company Weedmaps Technology Inc. and leaders of a blank check company that it merged with have asked to be released from an investor's proposed class action alleging damages following the U.S. Securities and Exchange Commission's announcement that it fined Weedmaps $1.5 million for allegedly making misleading statements about its monthly active users.

  • July 15, 2025

    LA Deputies Admit Using Positions To Aid Crypto 'Godfather'

    Two Los Angeles County sheriff's deputies admitted using their official positions to harass enemies of a cryptocurrency founder who called himself "The Godfather" and failed to report $36 million in income from selling hacked Meta business accounts, the U.S. Department of Justice said.

  • July 14, 2025

    Regulators Outline Crypto 'Safekeeping' Guidelines For Banks

    Federal regulators said Monday that banks are free to offer cryptocurrency "safekeeping" services but should be mindful of the risks involved, stressing the need for strong cybersecurity and clear customer agreements, among other considerations.

  • July 14, 2025

    NBA Deal Investor Suit Doesn't Hold Up, Warner Bros. Says

    Warner Bros. Discovery has asked a New York federal judge to throw out investors' proposed class action over its failed negotiations for a new media rights agreement with the NBA, arguing that the investors haven't pointed to any evidence showing that Warner Bros. intended to mislead them about the deal.

  • July 14, 2025

    Nev. Says Crypto.com Twisted Fed Law For Sports Betting Biz

    The Nevada Gaming Control Board urged a federal court to stay out of its way as it takes action to block Crypto.com from offering sports events contracts, arguing that its moves aren't preempted by federal regulation of the commodity futures market.

  • July 14, 2025

    Court Says Insider Trading Rules Unscathed By Loper Bright

    A U.S. Supreme Court ruling that curtailed deference to agency interpretations of law did not undermine the U.S. Securities and Exchange Commission's rules against insider trading, a Pennsylvania federal court ruled Friday.

  • July 14, 2025

    Nvidia Investors Push For Cert. After High Court Pass

    Nvidia Corp. investors are asking a California judge to grant them class status on claims that the chipmaker and its CEO undersold the company's reliance on the volatile crypto market, putting the case back in the spotlight six months after the U.S. Supreme Court pulled the plug on issuing a ruling.

  • July 14, 2025

    LA Investors Sue Atty After $40M Cannabis Deal Falls Apart

    A group of Los Angeles investors are looking to shift liability to their former business partner and legal counsel as they face a $40 million lawsuit filed by a defunct cannabis manufacturer that has accused them of tanking its business and invalidating its cannabis license.

  • July 14, 2025

    2nd Circ. Affirms Biotech Founder's Win In Trading Suit

    The Second Circuit on Monday affirmed an early win for the founder of biotech Y-mAbs Therapeutics Inc. in a suit alleging he realized more than $2.5 million in short-swing profits after he exchanged his shares for those of another company, agreeing with the lower court that the move didn't constitute a "purchase."

  • July 14, 2025

    Masimo Corp. Settles Investor Suit Over Revenue Disclosures

    Masimo Corp. has settled proposed class claims alleging the health technology firm misrepresented the company's finances and plans to investors, according to a filing in Southern California federal court.

  • July 14, 2025

    CFTC Must Pay $3M In Atty Fees As Sanctions In Forex Case

    A New Jersey federal judge ordered the U.S. Commodity Futures Trading Commission on Friday to pay back over $3.1 million in attorney fees to a foreign exchange company after dismissing the regulator's case for bad-faith sanctionable behavior.

  • July 14, 2025

    Ex-SEC Counsel Joins Snell & Wilmer, Boosting Denver Team

    Snell & Wilmer has added a litigator in its Denver office who previously served as enforcement counsel at the U.S. Securities and Exchange Commission, the firm announced Monday.

  • July 14, 2025

    2 Ex-Binance Employees Seek To Escape FTX Clawback Suit

    Two former Binance employees named as defendants in a $1.76 billion clawback suit brought by FTX in Delaware bankruptcy court have asked to be dismissed from the case, saying the court has no personal jurisdiction over them and that the complaint doesn't allege that they were involved in the transactions at issue.

  • July 14, 2025

    SEC Drops Fraud Suit Following Death Of Gaming Co. Head

    The death of a man who owned a now-defunct online gaming company prompted the U.S. Securities and Exchange Commission to drop its New York federal civil case that had accused him of defrauding investors and using a portion of the money for his personal expenses.

  • July 14, 2025

    2nd Circ. Won't Let UBS Arbitrate Fund Mismanagement Suit

    The Second Circuit on Monday affirmed a New York federal judge's decision rejecting UBS' bid to send a charitable trust's mismanaged funds suit to arbitration, finding that the bank knowingly relinquished the right to arbitrate "by acting inconsistently with that right."

  • July 11, 2025

    Coinbase Sues Oregon For Records Amid Enforcement Suit

    Coinbase sued the office of Oregon Gov. Tina Kotek Friday for failing to fulfill a public records request for information on the state's approach to crypto policy and use of outside counsel as the crypto exchange defends a securities enforcement action from the Oregon attorney general.

  • July 11, 2025

    SEC Says $140M Ponzi Funded Lifestyle, Campaign Donations

    The U.S. Securities & Exchange Commission sued First Liberty Building & Loan LLC and owner Edwin Brant Frost IV in Georgia federal court, alleging Frost defrauded 300 investors out of $140 million in a Ponzi scheme that fueled Frost's lavish lifestyle and his donations to Republican campaigns totaling six figures.

  • July 11, 2025

    AbbVie Defeats Investor Class Suit Alleging Humira Kickbacks

    AbbVie on Thursday defeated a certified securities class action that accused it of giving healthcare providers unlawful kickbacks in exchange for prescribing its flagship arthritis drug Humira when an Illinois federal judge ruled that AbbVie provided legitimate services that were "integrally tied" to the drug itself.

  • July 11, 2025

    SEC Fines Adviser $1.75M For Hiding Conflicts Of Interest

    American Portfolios Advisors Inc. on Friday agreed to pay a $1.75 million fine to end allegations from the U.S. Securities and Exchange Commission that the investment adviser failed to properly disclose conflicts of interest with an affiliated broker-dealer.

  • July 11, 2025

    Wine Exec Extradited From UK Denies $99M Fraud Scheme

    One of two executives of a United Kingdom wine company was extradited to the U.S. and pled not guilty on Friday in Brooklyn federal court to charges that he conned investors into making loans using wine collections as collateral, cheating them out of $99 million.

  • July 11, 2025

    Grayscale Tells SEC 'End-Run' Shouldn't Delay Crypto ETP

    Digital asset management firm Grayscale Investments LLC has challenged a decision by the U.S. Securities and Exchange Commission to hold back the launch of its multi-crypto exchange-traded fund, arguing in a letter to the agency that the stay violates the Exchange Act's rules on approval timelines.

  • July 11, 2025

    Slack Investor Wants 2nd Shot Before High Court

    An investor leading a proposed class action against Slack Technologies LLC is asking the U.S. Supreme Court to finish what it started, petitioning the justices to clarify a point they declined to rule on two years ago when they limited investors' ability to sue newly public companies.

  • July 11, 2025

    Courts Face Early Push To Expand Justices' Injunction Ruling

    In the two weeks since the U.S. Supreme Court curtailed federal judges' ability to issue universal injunctions, Trump administration attorneys have begun pushing to expand the decision's limits to other forms of relief used in regulatory challenges and class actions. So far, judges don't appear receptive to those efforts. 

  • July 11, 2025

    US Arm Of Dolce & Gabbana Freed From NFT Outfit Suit

    The U.S. division of Italian luxury fashion brand Dolce & Gabbana was dismissed on Friday from a proposed investor class action accusing it of abandoning a nonfungible tokens project while retaining more than $25 million of funds, with the court agreeing that it is not liable for the actions of the larger company.

  • July 11, 2025

    FTX Trust Says Blockchain Co. Hasn't Delivered $1.3M Coins

    A recovery trust for the bankrupt cryptocurrency exchange FTX filed a Chapter 11 adversary proceeding in Delaware bankruptcy court seeking turnover of $1.3 million worth of $XION digital tokens that the debtor's subsidiaries purchased prior to the bankruptcy filing.

Expert Analysis

  • Deregulation Memo Presents Risks, Opportunities For Cos.

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    A recent Trump administration memo providing direction to agencies tasked with rescinding regulations under an earlier executive order — without undergoing the typical notice-and-review process — will likely create much uncertainty for businesses, though they may be able to engage with agencies to shape the regulatory agenda, say attorneys at Blank Rome.

  • Series

    Law School's Missed Lessons: Mastering Discovery

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    The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant.

  • DOJ Signals Major Shift In White Collar Enforcement Priorities

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    In a speech on Monday, an official outlined key revisions to the U.S. Department of Justice’s voluntary self-disclosure, corporate monitorship and whistleblower program policies, marking a meaningful change in the white collar enforcement landscape, and offering companies clearer incentives and guardrails, say attorneys at McGuireWoods.

  • Strategies To Limit Inherent Damage Of Multidefendant Trials

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    As shown by the recent fraud convictions of two executives at the now-shuttered education startup Frank, multidefendant criminal trials pose unique obstacles, but with some planning, defense counsel can mitigate the harm and maximize the chances of a good outcome, says Kenneth Notter at MoloLamken.

  • Parsing The SEC's New Increased Co-Investment Flexibility

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    The U.S. Securities and Exchange Commission's new co-investment exemptive orders simplify processes and reduce barriers for regulated funds — and rulemaking may evolve further to allow investors access to additional investment opportunities and increase available capital for issuers seeking to raise money from fund complexes, say attorneys at Simpson Thacher.

  • Cos. Must Assess And Prepare For Cartel-Related FCPA Risks

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    Given the Trump administration’s strong signaling that it will focus on drug cartels and transnational criminal organizations when it resumes Foreign Corrupt Practices Act enforcement, global businesses should refresh their risk assessments and conduct enhanced due diligence to account for these shifting priorities, say attorneys at Morgan Lewis.

  • AT&T Decision May Establish Framework To Block FCC Fines

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    The Fifth Circuit's recent decision in AT&T v. FCC upends the commission's authority to impose certain civil penalties, reinforcing constitutional safeguards against administrative overreach, and opening avenues for telecommunications and technology providers to challenge forfeiture orders, say attorneys at HWG.

  • Reassessing Corporate Separateness After Explosion Of LLCs

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    Following the dramatic increase of limited liability companies in the U.S., the Corporate Transparency Act's enactment and the Trump administration's subsequent narrowing of that law, it's worth revisiting the underlying legal principles that govern shell companies in order to remedy the problems that initially motivated the CTA, says Jeff Newton at Omni Bridgeway.

  • Series

    Playing Guitar Makes Me A Better Lawyer

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    Being a lawyer not only requires logic and hard work, but also belief, emotion, situational awareness and lots of natural energy — playing guitar enhances all of these qualities, increasing my capacity to do my best work, says Kosta Stojilkovic at Wilkinson Stekloff.

  • Addressing PFAS Risks In Public Company Disclosures

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    As individual lawsuits and class actions over PFAS risks spanning multiple sectors and products increase, and rapidly evolving and often unclear regulatory initiatives on both the federal and state levels proliferate, it's more important than ever for companies to know how and when to complete PFAS-related disclosures, say attorneys at Venable.

  • Crisis Management Lessons From The Parenting Playbook

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    The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.

  • The Potential Efficiencies, Risks Of Folding PCAOB Into SEC

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    Integrating the Public Company Accounting Oversight Board into the U.S. Securities and Exchange Commission offers the potential for regulatory efficiencies, as well as a more streamlined and consistent enforcement approach, but it also presents constitutional and operational uncertainties, say attorneys at Hilgers Graben.

  • Series

    Adapting To Private Practice: From NY Fed To BigLaw

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    While the move to private practice brings a learning curve, it also brings chances to learn new skills and grow your network, requiring a clear understanding of how your skills can complement and contribute to a firm's existing practice, and where you can add new value, says Meghann Donahue at Covington.

  • 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.

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