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Securities

  • December 02, 2025

    9th Circ. Tosses Tesla Investor Suit Over Self-Driving Tech

    The Ninth Circuit on Tuesday affirmed the dismissal of a suit against Tesla Inc. and its CEO Elon Musk claiming they deceived investors about the capabilities and safety record of the company's self-driving technology, finding the investors failed to plead any actionable false statements, among other issues.

  • December 02, 2025

    SDNY Head Backs Good Deals For Quick Cooperation By Cos.

    Manhattan U.S. Attorney Jay Clayton on Tuesday said he's prepared to offer "real benefits" to corporations facing criminal investigations if they quickly agree to cooperate and compensate victims, ideally in the form of comprehensive, government-wide resolutions.

  • December 02, 2025

    Canadian Court Blocks Binance's Hong Kong Arbitration Bid

    A Canadian court has ordered Binance to stop pursuing arbitration in Hong Kong against two class representatives in litigation accusing the cryptocurrency exchange of illegally trading securities, pointing to an appeals court decision finding the arbitration agreement is unenforceable.

  • December 02, 2025

    Banking Regulators Pledge Basel Reset Amid Capital Rethink

    Federal banking regulators told House lawmakers Tuesday that they are committed to advancing a fully rebuilt Basel III endgame rule that won't disrupt bank lending or gold-plate its requirements, although they stopped short of promising a capital-neutral result.

  • December 02, 2025

    DeFi Treasury Co. Faces Investors' Crypto Competition Suit

    An investment firm is bringing a proposed securities class action accusing DeFi Technologies Inc. of misleading them and others about the extent of competition the crypto treasury company faced and other factors that allegedly negatively impacted its stock price.

  • December 02, 2025

    Vanguard Investors' Attys Seek $8.3M Fee

    Attorneys representing investors that settled with Vanguard for $25 million to end claims the company improperly triggered an asset sell-off that damaged investors asked a Pennsylvania federal court on Tuesday to award them $8.3 million in fees in addition to other expenses.

  • December 02, 2025

    Elliott Says Millions Lost To Oil And Gas Venture Overcharges

    Elliott Investment Management LP has accused SRP Capital Advisors LLC and a principal of misappropriating "tens of millions" from Elliott and other investors in an alleged scheme that began to emerge after a books and records suit in Delaware's Court of Chancery earlier this year.

  • December 02, 2025

    FDIC Secures Dismissal Of SVB Cayman Deposit Suit

    A California federal judge has permanently tossed a suit against the Federal Deposit Insurance Corp. brought by liquidators of the Cayman Islands branch of collapsed Silicon Valley Bank, finding they lack standing to sue the agency and are barred from relitigating issues already decided in bankruptcy court.

  • December 02, 2025

    Wells Fargo Beneficiary's Hidden Trust Claims Are Too Late

    Wells Fargo has beaten claims that it intentionally concealed a Massachusetts man's trust fund聽and drove聽him to financial instability,聽after a federal judge found the man聽didn't take appropriate steps to find his trust decades earlier.

  • December 02, 2025

    Citadel Securities Can't Duck Microchip Patent Claims

    An Illinois federal judge has denied Citadel Securities' attempt to escape a software company's patent infringement claims related to computer microchips, saying she was not convinced that the patents at issue were too abstract to be valid.

  • December 02, 2025

    Three Arrows Boosts $1.5B FTX Claim Tied To Crypto Winter

    The liquidators of defunct crypto hedge fund Three Arrows Capital defended their $1.53 billion claim against FTX months after the failed exchange called it "baseless," telling a Delaware bankruptcy judge that its assets at FTX were sold just weeks before its collapse in what amounts to "classic preference."

  • December 02, 2025

    FAT Brands Sued In Del. For Docs On Spinoff, Other Moves

    A stockholder of the FAT Brands Inc. global restaurant family sued for corporate books and records in Delaware's Court of Chancery Monday, pointing to allegedly suspicious transactions and purported debt pressures, and citing what was described as a history of purported "economic malfeasance" by FAT's management.

  • December 02, 2025

    Twitter Investors Lose Bid To DQ Musk Counsel Spiro

    A California federal judge has denied an attempt by Twitter investors to have Quinn Emanuel Urquhart & Sullivan LLP partner Alex Spiro disqualified from serving as both lead counsel for Elon Musk and a witness in a trial over claims that Musk tried to tank Twitter's stock.

  • December 02, 2025

    Crypto-Focused Forward Industries Taps Fintech Vet As GC

    Solana treasury company Forward Industries Inc. has tapped the former chief legal officer of digital broker-dealer Securitize Inc. and top lawyer at crypto-focused Anchorage Digital to serve as its general counsel.

  • December 02, 2025

    SEC's Atkins Pushes To Broaden Small Business Criteria

    U.S. Securities and Exchange Commission Chairman Paul Atkins said on Tuesday that the agency should push to change the definition of small business so that more publicly traded companies can forgo what he considers to be burdensome regulatory requirements.

  • December 02, 2025

    FINRA Says Firm Broke Reg BI With Private Placement Sales

    A Manhattan brokerage faces Financial Industry Regulatory Authority claims that it recommended $24 million in investments without a reasonable basis to believe they were in the best interest of its clients, while the firm's CEO was accused of pocketing undisclosed markups and its chief compliance officer allegedly failed to conduct due diligence on the offerings.

  • December 02, 2025

    Approach The Bench: Judge Robart On Living Under Threats

    It's been nearly nine years since U.S. District Judge James Robart blocked President Donald Trump's 2017 executive order barring travel from seven Muslim-majority countries, and though the judge has had a long career 鈥 including groundbreaking patent and securities decisions 鈥 he still occasionally gets recognized as that "so-called judge."

  • December 01, 2025

    Bristol-Myers Must Face Trimmed $6.7B Celgene Investor Suit

    A Manhattan federal judge Monday trimmed UMB Bank's lawsuit accusing Bristol-Myers Squibb of slow-walking the U.S. Food and Drug Administration approval process for three drugs to avoid paying shareholders $6.7 billion owed from its 2019 acquisition of Celgene Corp.

  • December 01, 2025

    Fed Sees Shrinking Number Of Open Exam Findings At Banks

    The Federal Reserve on Monday reported broad declines in open supervisory issues at financial institutions under its oversight during the first half of the year, a shift that comes as the Trump administration is pursuing efforts to rein in examiner criticism of banks.

  • December 01, 2025

    DC Circ. Wonders If SEC Arbitration Decision Was Too Brief

    At least one judge on the D.C. Circuit wondered Monday whether the SEC presented too "bare bones" of an opinion when rejecting a petition to amend three long-running arbitration rules adopted by the Financial Industry Regulatory Authority.

  • December 01, 2025

    Terraform Founder Seeks Five Years At Most For Crypto Fraud

    Terraform founder Do Kwon has asked a Manhattan federal judge to impose no more than five years of imprisonment after he admitted to misleading users about the stability of the crypto project, noting he still has to face "certain future detention in Korea" over the stunning collapse that wiped out $40 billion in value.

  • December 01, 2025

    Kalshi Users Bring Class Action Over 'Illegal' Sports Gambling

    Kalshi Inc. has been hit with a proposed class action in New York federal court alleging that the platform is falsely marketing itself as a "prediction market," when in reality it is running an illegal sports gambling operation.

  • December 01, 2025

    Robinhood Looks To Block Nevada Sports Wager Order

    Robinhood Derivatives LLC asked a Nevada federal judge to pause state regulators from taking action over the trading platform's sports wagers while it pursues an appeal of a related court order, arguing the case presents important, novel and complex legal questions that warrant appellate review.

  • December 01, 2025

    White House Crypto Czar Hired Clare Locke Amid NYT Probe

    The tech founder-turned-White House crypto and artificial intelligence czar David Sacks has hired defamation specialists at Clare Locke LLP to combat a New York Times investigation into potential conflicts of interest arising from his personal tech investments and role as a White House policy adviser.

  • December 01, 2025

    Ex-NBA Vet Haslem Prepares To Exit Sprawling FTX Litigation

    Longtime Miami Heat forward turned NBA broadcaster Udonis Haslem has reached a settlement with investors over his alleged role in promoting the now-defunct FTX cryptocurrency exchange before its collapse in late 2022.

Expert Analysis

  • How Sustainability Reporting Changed In The 1st Half Of 2025

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    Sustainability reporting is evolving rapidly, with fewer S&P 500 companies publishing reports in the first half of 2025 than in the same period last year, suggesting that companies are becoming more selective and intentional about their reporting, say analysts at Orrick.

  • 9th Circ. Finding That NFTs Are Goods Will Change TM Law

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    The Ninth Circuit's recent ruling in Yuga Labs v. Ripps establishes that NFTs have real, commercial value under U.S. federal trademark law, a new legal precedent that may significantly influence intellectual property enforcement and marketplace policies regarding digital assets going forward, say attorneys at Wilson Elser.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • Lessons From Liberty Mutual FCPA Declination

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    Liberty Mutual鈥檚 recent Foreign Corrupt Practices Act resolution with the U.S. Department of Justice signals that the Trump administration is once again considering such declinations after an enforcement pause, offering some assurances for companies regarding the bene铿乼s of voluntary self-disclosure, say attorneys at Paul Weiss.

  • 3 Rulings Show Hurdles To Proving Market Manipulation Fraud

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    Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.

  • Drafting M&A Docs After Delaware Corp. Law Amendments

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    Attorneys at Greenberg Traurig discuss how the March and June amendments to the Delaware General Corporation Law affect the drafting of corporate and M&A documents, including board resolutions, governing documents, and books and records demands.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • Untangling 'Debanking' Exec Order And Ensuing Challenges

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    President Donald Trump's recent executive order on the practice of closing or refusing to open accounts for high-risk customers has heightened scrutiny on "debanking," but practical steps can help financial institutions reduce the likelihood of becoming involved in investigations, say attorneys at Winston & Strawn.

  • Patterns And Trends In Publicly Filed Insider Trading Policies

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    An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise.

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure 鈥 all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • How New Texas Law Targets ESG Proxy Advice

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    A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute鈥檚 broader constitutional and statutory implications, say attorneys at Bracewell.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • 11th Circ. Ruling Shows Federal Question Jurisdiction Limits

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    The Eleventh Circuit's recent decision in AST Science v. Delclaux shows why it is extremely difficult for litigants to maintain a state law cause of action in federal court under Supreme Court precedent, says Paul Avron at Berger Singerman.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

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    Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

  • Associates Can Earn Credibility By Investing In Relationships

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    As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations 鈥 which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

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