Law360: Securities /securities?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Securities Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Fri, 27 Jun 2025 23:13:17 +0000 Crytpo Co. Boss Gets 8 Years For $40M Ponzi Schemes /securities/articles/2358757?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358757 A Brooklyn federal judge on Friday sentenced the head of multiple cryptocurrency companies to nearly eight years in prison for his role atop interrelated Ponzi schemes that raised over $40 million from investors based on false promises of guaranteed returns. Fri, 27 Jun 2025 22:10:26 +0000 Senate Republican Plan Would Cut sa¹ú¼Ê´«Ã½ Funds, Keep PCAOB /securities/articles/2358637?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358637 U.S. Senate Banking Committee Republicans' latest budget bill plans have dropped a push to dismantle the Public Company Accounting Oversight Board and pivoted to a lesser — but still severe — cut to the Consumer Financial Protection Bureau's funding.  Fri, 27 Jun 2025 22:09:22 +0000 Sarepta Faces Investor Suit Over Gene Therapy-Linked Deaths /securities/articles/2358119?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358119 Biopharmaceutical company Sarepta Therapeutics Inc. is facing a proposed investor class action after the deaths of two patients being treated with one of its therapies prompted regulatory scrutiny, with investors claiming the company failed to disclose the drug's risks. Fri, 27 Jun 2025 21:23:29 +0000 Tribes Say Kalshi's Sports Contracts Undermine Sovereignty /securities/articles/2358458?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358458 A group of state and tribal gaming associations plus 27 federally recognized tribes have weighed in on a dispute between trading platform KalshiEx LLC and Maryland regulators, arguing that Kalshi's entrance into the gaming market has adversely impacted tribal gaming revenue and impeded tribes' inherent sovereign right to regulate gaming activity on tribal lands. Fri, 27 Jun 2025 20:51:03 +0000 Banks Get Clean Bill Of Health As Stress Test Changes Loom /securities/articles/2358216?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358216 The Federal Reserve said Friday that the nation's big banks are stocked with enough capital to weather a severe recession, giving them passing marks on what are poised to be the last round of stress tests before regulators begin overhauling the testing process. Fri, 27 Jun 2025 20:21:29 +0000 Injunction OK'd In Ex-FTX Exec Ch. 11 Clawback Case /securities/articles/2358680?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358680 A Delaware bankruptcy judge approved a preliminary injunction Friday against former FTX executive Ryan Salame to prevent him from dissipating as much as $6 million in assets he is accused of taking from the cryptocurrency exchange prior to its 2022 collapse. Fri, 27 Jun 2025 20:15:11 +0000 Wells Fargo Beats Some Claims In Cash Sweep Litigation /securities/articles/2358660?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358660 A federal judge on Friday nixed some claims in a proposed class action accusing Wells Fargo of harming customers through its cash sweep deposit program by giving them only minimal interest on their holdings, including a claim that the bank breached its fiduciary duties to its indirect clients. Fri, 27 Jun 2025 20:01:34 +0000 Hagens Berman Client Loses Bid To Lead Super Micro Class /securities/articles/2358714?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358714 A California federal judge rejected a Hagens Berman Sobol Shapiro LLP client's bid to lead investor claims that Super Micro Computer Inc.'s shares fell roughly 20% after a short seller report accused it of violating its previous settlement with the U.S. Securities and Exchange Commission over accounting improprieties. Fri, 27 Jun 2025 19:51:36 +0000 Apple Execs Sued Over Alleged AI Misrepresentations /securities/articles/2358826?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358826 Apple's top brass have been hit with a derivative suit accusing them of duping shareholders into believing the tech giant would launch new artificial intelligence Siri features on the iPhone 16, which caused a stock drop when the rollout was delayed repeatedly. Fri, 27 Jun 2025 19:15:32 +0000 Del. Supreme Court Upholds Ruling In $5.5M Earnout Dispute /securities/articles/2358208?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358208 Delaware's highest court offered no long goodbye Friday to data management venture STX Business Solutions LLC's appeal for a revival of buyer breach claims in a suit dismissed by the Court of Chancery in October. Fri, 27 Jun 2025 18:47:14 +0000 NJ Judge Denies Investment Fund's Bid For Nonparty Docs /securities/articles/2358617?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358617 A New Jersey federal judge has rejected a Black-owned investment fund's bid to obtain personal emails and other documents related to the relationship between an asset management firm's principals and the ex-director of the Garden State's investment division, ruling the fund failed to show the need for the documents and that the request is overly burdensome. Fri, 27 Jun 2025 17:16:58 +0000 RE Developer Cops Plea, Settles SEC's $3M Fraud Suit /securities/articles/2358300?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358300 A New Hampshire-based real estate developer has agreed to plead guilty and settle parallel U.S. Securities and Exchange Commission claims that she defrauded investors out of more than $3 million through a series of real estate investment projects between 2018 and 2024. Fri, 27 Jun 2025 15:46:43 +0000 FDIC, OCC Join Fed In Pitching Plan To Ease Leverage Rule /securities/articles/2358759?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358759 A Federal Reserve-backed proposal to relax a key leverage rule for the nation's biggest banks moved forward to the public comment stage Friday after securing approvals from the Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency. Fri, 27 Jun 2025 15:38:00 +0000 Pillsbury Adds Restructuring Pro From Paul Hastings In NY /securities/articles/2357547?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2357547 Pillsbury Winthrop Shaw Pittman LLP has grown its insolvency and restructuring practice in New York with the addition of a Paul Hastings LLP partner. Fri, 27 Jun 2025 14:16:06 +0000 Spinoff Transaction Considerations For Biotech M&A /securities/articles/2358192?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358192 Amid current market challenges, boards and management teams of biotech companies can consider several strategies for maximizing value should a spinoff opportunity arise, but not without significant advance planning and careful implementation, particularly in cases that might qualify as tax-free, say attorneys at Paul Hastings. Fri, 27 Jun 2025 14:12:49 +0000 2025's First Half Brings Regulatory Detours For Fintechs /securities/articles/2354026?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2354026 The first half of the year has resulted in a bifurcated regulatory environment for fintechs, featuring narrowed enforcement in some areas, heightened scrutiny in others and a policy window that, with proper compliance, offers meaningful opportunities for innovation, say attorneys at Sheppard Mullin. Fri, 27 Jun 2025 11:03:47 +0000 NC Biz Court Bulletin: Last-Minute Settlements Head Off Trials /securities/articles/2358220?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358220 Untouched by the summer slump, the North Carolina Business Court kicked off June with a sanctions order against a biogas company caught spurning court orders and a new complaint by a former NFL player accusing his longtime financial adviser of defrauding him for decades. Thu, 26 Jun 2025 22:28:56 +0000 SEC Won't Modify More Biden-Era Off-Channel Settlements /securities/articles/2358272?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358272 The U.S. Securities and Exchange Commission declined Thursday to rework another batch of Biden-era settlements tied to so-called off-channel communications on Wall Street, turning down bids that challenged some terms as unfair in light of more lenient later deals. Thu, 26 Jun 2025 22:26:47 +0000 Buyer Sanctioned For Scrapping $16M Deal With Cattle Co. /securities/articles/2358114?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358114 A Texas federal judge sanctioned a would-be buyer of assets for a defunct cattle trading company at the center of an alleged $161 million Ponzi scheme, saying during a Thursday hearing that the buyer should not have stalled before confessing it didn't have the funds. Thu, 26 Jun 2025 22:17:42 +0000 Bayer Investors' $38M Settlement Over Monsanto Deal OK'd /securities/articles/2358212?utm_source=rss&utm_medium=rss&utm_campaign=section /securities/articles/2358212 A California federal judge on Thursday preliminarily approved Bayer AG's $38 million settlement with investors who accused the German multinational of downplaying litigation risks related to the weedkiller Roundup when it acquired Monsanto in 2018, saying the deal appeared to be "fair, reasonable and adequate."