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Securities

  • July 28, 2025

    Labaton Tapped To Lead Venture Global Investor Suit

    Labaton Keller Sucharow LLP will lead a proposed class of investors in energy company Venture Global Inc. in a suit alleging the company hid production issues and cost overruns at its Louisiana natural gas liquefaction and export projects ahead of its $1.75 billion initial public offering in January.

  • July 28, 2025

    EXp Holdings Accused Of 'Bad Faith Inaction' In Del. Suit

    An attorney for stockholders of real estate brokerage eXp World Holdings Inc. told Delaware's chancellor Monday the company's response to long-running sexual assault allegations was an example of "bad faith inaction" rather than good faith responses.

  • July 28, 2025

    Rocket Cos. Investor Ends Fraud Suit After Class Cert. Denial

    A pension fund that had previously attempted to lead a suit in Michigan federal court against Rocket Companies Inc. has agreed to drop all its claims in the shareholder litigation accusing the mortgage business of concealing a downturn in loan volume.

  • July 28, 2025

    SEC Pushes $630K Penalty Against Atty In Stock Fraud Suit

    The U.S. Securities and Exchange Commission renewed its motion Monday for a more than $630,000 civil penalty and final judgment against securities attorney Henry Sargent, after years of litigation in Massachusetts federal court alleging he orchestrated a sham merger, saying Sargent "has never recognized the wrongfulness of his conduct."

  • July 28, 2025

    LuxUrban Investor Suit Over Post-IPO Business Trimmed

    A New York federal judge trimmed a shareholder class action accusing LuxUrban Hotels Inc. and two of its executives of misleading investors about the company's financial reporting and partnerships with other property owners, saying investors have not adequately alleged that the executives knew about the misstated financials.

  • July 28, 2025

    Fed Committee Meetings Will Remain Closed, Judge Rules

    A D.C. federal judge shot down a President Donald Trump ally's bid to open up the Federal Reserve's Federal Open Market Committee meetings to the public Monday, questioning whether the suit was a stunt to gin up interest in his new "anti-DEI" investment fund.

  • July 28, 2025

    SEC Gets Early Win In Fraud Case Against Ex-Citi, Cetera Rep

    A New York federal court has granted the U.S. Securities and Exchange Commission a summary judgment win in the regulator's securities fraud case against a former Citigroup and Cetera registered representative, in a case accusing her of stealing $2.4 million from an elderly client.

  • July 28, 2025

    Fiserv Misled Investors On Platform Growth, Suit Says

    Fiserv has been hit with a proposed shareholder class action in New York federal court accusing the payment processing technology company of artificially inflating its growth numbers through the forced migration of customers from its older platform to a newer, more expensive system.

  • July 28, 2025

    PE Firm Scores New Trial After Losing $1.1M Shareholder Suit

    The Connecticut Supreme Court on Monday threw out a $1.1 million verdict and ordered a new trial in a minority member's lawsuit against three other CCP Equity Partners LLC members, holding that a trial court judge misconstrued the private equity firm's operating agreement and inaccurately instructed the jury.

  • July 28, 2025

    Newly Public Crypto Platform Tron Files Plans To Raise $1B

    Crypto platform Tron on Monday filed plans with the U.S. Securities and Exchange Commission to raise $1 billion over time, making preliminary plans for future capital raises following its public listing on Nasdaq through a reverse merger.

  • July 28, 2025

    FINRA Fines TradeStation Over Crypto Ad Violation Claims

    The Financial Industry Regulatory Authority has fined a broker-dealer for alleged shortcomings in how it advertised its retail crypto offerings, the second such action following a sweep exam of the firm's marketing practices in the area.

  • July 28, 2025

    Peloton Looks To Snuff Out Investors' Recall Suit Again

    Peloton hopes to extinguish a second attempt by investors at finding the company and its executives at fault for the way the company handled a recall of its defective bicycle seats, telling a New York federal judge Monday that the amended complaint does not cure deficiencies that led to the lawsuit's initial dismissal.

  • July 28, 2025

    Rising Star: Bernstein Litowitz's Andrew Blumberg

    Andrew Blumberg of Bernstein Litowitz Berger & Grossmann LLP has won a near record-breaking victory for former investors in a Santander subsidiary and a rare nod of approval from Delaware's highest court, earning him a spot among the securities attorneys under 40 honored by Law360 as Rising Stars.

  • July 28, 2025

    Catching Up With Delaware's Chancery Court

    A Delaware vice chancellor last week sent several coordinated derivative suits seeking millions of dollars in damages from AT&T to trial and also chose a boutique firm to lead a potential "blockbuster" suit challenging a take-private deal of a sports and entertainment group after "heated" attacks between competing counsel.

  • July 28, 2025

    Judge To Weigh If FTX Prosecutors Broke Plea Promise

    A Manhattan federal judge said Monday he will investigate an allegation by crypto lobbyist Michelle Bond that she was charged with campaign finance crimes despite a promise that a guilty plea by her husband, former FTX executive Ryan Salame, would leave her in the clear.

  • July 25, 2025

    Coffee Co. Says Tech Firm Brewed Trademark Conflict

    A coffee roaster is accusing a coffee-focused tech firm of wrongly obtaining a trademark registration for the phrase "meet the farmer" and waging an anticompetitive campaign to damage the roaster over its use of the phrase.

  • July 25, 2025

    AI Tech Co. Execs Sued Over Insider Trading, Related Claims

    A UiPath stockholder has sued the company's current and former top brass in Delaware Chancery Court, alleging they schemed to discount UiPath's artificial intelligence-related services to pump up business while trading on insider information and reaping more than $500 million in total proceeds.

  • July 25, 2025

    Kalshi Tells 3rd Circ. Fed Law Bars NJ From Restricting Its Biz

    Sports betting company Kalshi's so-called prediction market that allows users to wager on the outcome of real-world events counts as a federal derivative exchange and, as a result, can't be regulated by state enforcers, the gambling company told the Third Circuit.

  • July 25, 2025

    Sports & Betting Cases To Watch In The Second Half Of 2025

    Certain court cases have become staples on both the midyear and end-of-year must-watch lists in sports and betting at Law360. One that seemed best positioned to finally fall off the list, as it turns out, is far from over: the multibillion-dollar NCAA settlement regarding name, image and likeness payments and revenue sharing with hundreds of thousands of college athletes. A handful of other suits from past years will also continue to bear watching through the end of 2025.

  • July 25, 2025

    11th Circ. Overturns Funding Model For SEC Database

    The Eleventh Circuit sent the U.S. Securities and Exchange Commission back to the drawing board on Friday to chart a path forward for its $500 million market surveillance tool, telling the regulator that it was unreasonable to potentially force broker-dealers to fund the entire project.

  • July 25, 2025

    NGM Biopharma Investors Take $6M Deal To End Sale Suit

    The Column Group and former stockholders of NGM Biopharmaceuticals have agreed to settle for $6 million a Delaware Court of Chancery lawsuit challenging NGM's $135 million, $1.55-per-share sale to The Column Group, its pre-deal venture capital controller.

  • July 25, 2025

    NY Court Sides With Junior Investors In RMBS Trust Dispute

    A New York state court resolved a dispute between bondholders in 34 residential mortgage-backed securities trusts about how to handle repayment of principal amounts deferred during the 2008 financial crisis, siding with junior bondholders after a 17-day bench trial.

  • July 25, 2025

    3 Firms Guide Canadian REIT's $410M IPO

    Go Residential Real Estate Investment Trust began trading Friday after the newly created Canadian REIT priced a $410 million initial public offering at $15 per trust unit.

  • July 25, 2025

    Chancery Tosses UpHealth Affiliate's Suit For SPAC Damages

    Pointing to "numerous defects" in the complaint, a Delaware vice chancellor on Friday tossed every count in a suit filed by investors who alleged they were misled in the run-up to a multi-business special purpose acquisition company deal to take public now-bankrupt UpHealth Holdings and Cloudbreak Health.

  • July 25, 2025

    Chase, Other Banks To Pay $3.75M To End Crypto Ponzi Suit

    JPMorgan Chase and other financial firms have agreed to pay a combined $3.75 million to settle claims they helped funnel investor cash into a cryptocurrency-linked Ponzi scheme run by a man who was slapped with a $231 million court judgment last year over the fraud.

Expert Analysis

  • 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.

  • 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.

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