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Securities

  • October 01, 2025

    Russian Gets Docs Order Stay In Florida Trump Media Suit

    A Florida state court judge Wednesday paused his order compelling a Russian businessman with alleged financial ties to Donald Trump's Truth Social platform to respond to a subpoena in the lawsuit over taking the company public, saying the act of producing documents could constitute irreparable harm. 

  • October 01, 2025

    Medtronic Knocks Out Investor Suit Over Insulin Pump Issues

    Medical device manufacturer Medtronic PLC has escaped proposed investor class action claims it concealed issues affecting a certain insulin pump it makes, hurting investors after its trading prices fell when the company disclosed it had received a related warning letter from the U.S. Food and Drug Administration.

  • October 01, 2025

    NASCAR Exec Says Team Was Warned About LGB Sponsors

    A NASCAR executive told jurors on Wednesday that driver Brandon Brown's team had previously been warned the league would not sign off on any on-track promotion of the "Let's Go Brandon" phrase, but pursued approval of an LGBCoin sponsorship anyway in a manner the executive said was "disingenuous."

  • October 01, 2025

    Charter Sued In Chancery For Docs On Liberty Deal

    A Charter Communications Inc. pension fund stockholder sued the company for documents on its proposed $17 billion buyout of Liberty Media on Wednesday, citing concerns that the controller of both companies lined up a "severely" overpriced deal at the expense of Charter's public investors.

  • October 01, 2025

    Maryland Judge Lets SEC Crypto-Fraud Case Proceed

    The U.S. Securities and Exchange Commission's lawsuit accusing an Australian citizen of defrauding investors in a crypto-mining scheme cleared the dismissal phase Tuesday, but a Baltimore federal judge vacated a default judgment against him for responding late while being detained in the United Arab Emirates.

  • October 01, 2025

    UBS Says Ex-Advisers Poached $1.4B In Clients For New Firm

    UBS Financial Services has accused several of its former financial advisers of violating nonsolicitation and confidentiality agreements by plotting to launch a rival firm and poaching clients with $1.4 billion in assets, damaging UBS and its other former employees still entitled to client revenue.

  • October 01, 2025

    Chancery Rules Beachbody Shareholder Suit Time-Barred

    A Delaware Chancery judge has dismissed a stockholder lawsuit accusing the backers of Forest Road Acquisition Corp. of misleading investors in their $3 billion merger with digital fitness and nutrition company Beachbody, ruling that the claims were brought more than three years too late.

  • October 01, 2025

    Simpson Thacher Taps Barclays Atty For Shareholder Group

    Simpson Thacher & Bartlett LLP announced on Wednesday it has hired a former Barclays Capital attorney to lead its shareholder engagement and activism defense group.

  • October 01, 2025

    High Court Lets Fed's Cook Keep Job For Now

    The U.S. Supreme Court said Wednesday that it will wait to hear oral arguments early next year before ruling on President Donald Trump's bid to immediately oust Federal Reserve Gov. Lisa Cook, a move that will allow her to remain on the job in the meantime.

  • September 30, 2025

    Merrill Lynch Denied Bid To Block Rival Firm's Launch

    A Georgia federal judge on Tuesday refused to grant Merrill Lynch's bid for a temporary restraining order against a dozen former employees, Charles Schwab and Dynasty Financial Partners in a case concerning an alleged attempt to start a new independent financial advisory firm with Merrill's staff and confidential information. 

  • September 30, 2025

    Morgan Stanley Gets Fed Capital Buffer Break After Review

    The Federal Reserve Board said Tuesday that it has lowered a key capital requirement for Morgan Stanley after reconsidering its stress-testing results, marking the second time a bank has successfully petitioned for such a break.

  • September 30, 2025

    Alphabet Judge OKs $500M Investor Deal But Slashes Fee Ask

    A California federal judge gave final approval Tuesday to Google parent Alphabet Inc.'s $500 million settlement with investors to resolve claims that executives engaged in anticompetitive and monopolistic practices but granted just $37 million in fees for the plaintiffs' attorneys — less than half of the $80 million sought.

  • September 30, 2025

    New Petition Asks SEC To Nix Quarterly Reporting Rule

    The U.S. Securities and Exchange Commission on Tuesday received a formal petition to allow companies to report their earnings on a semiannual basis, following recent comments from Chairman Paul Atkins indicating the commission was considering as much and after similar suggestions from President Donald Trump.

  • September 30, 2025

    LGBCoin Founder Says NASCAR Backtrack Cost $76M

    The attorney behind the LetsGoBrandon.com Foundation told jurors Tuesday that a decision by NASCAR to revoke the approval of its sponsorship of a racing team cost the foundation $76 million and destroyed the value of its cryptocurrency LGBCoin.

  • September 30, 2025

    Wu-Tang Trade Secret Ruling Hints At New Way To Protect Art

    A New York federal judge caused a splash last week when she ruled that a one-of-a-kind Wu-Tang Clan album can constitute a trade secret, and attorneys say the surprising decision could broaden the scope of trade secret protections to cover artistic works.

  • September 30, 2025

    US Oil Fund Beats Investor Suit Over COVID-Era Disclosures

    A New York federal judge tossed a proposed class action accusing United States Oil Fund LP and its backers of misleading investors during the 2020 oil crash, finding it does not plead actionable misstatements or omissions about pandemic-related risks the exchange-traded fund faced, or knowledge of wrongdoing by the defendants.

  • September 30, 2025

    Regions Bank Brass Must Face Suit Over $191M CFPB Fine

    A Delaware chancellor ruled Tuesday that most board members of Regions Bank cannot escape a shareholder derivative suit over a $191 million fine the bank paid to the Consumer Financial Protection Bureau in 2022 for charging unlawful "surprise" overdraft fees on certain debit card transactions and ATM withdrawals.

  • September 30, 2025

    Credit Suisse Aided Looting Of Tech Exec's Stock, Suit Says

    The co-founder of sensing-tech company Aeva Technologies says Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars in Aeva shares from him in what he described as a "calculated, multi-year orchestrated racketeering scheme," according to a suit filed Tuesday in New York federal court.

  • September 30, 2025

    Globe Life Can't Escape Investors' Toxic Culture Fraud Suit

    A Texas federal court told life insurance company Globe Life Inc. that it cannot escape a proposed shareholder class action alleging that a short-seller report revealed that the company had been ignoring rampant sexual harassment among its employees and participating in fraudulent underwriting practices, saying the suit states plausible claims for relief.

  • September 30, 2025

    Spirit Airlines Brass Face Investor Suit Over Pre-Ch. 11 Claims

    The CEO and chief financial officer of embattled budget airline Spirit face proposed shareholder class action claims that they misled investors about the company's prospects after its emergence from bankruptcy in March, only to announce months later that it had sought Chapter 11 protection once again.

  • September 30, 2025

    HSBC Gets $324M Claims Tossed In Row With Madoff Trustee

    A New York bankruptcy judge has thrown out $324 million of claims against London-based HSBC and its affiliates that were brought by the trustee overseeing the liquidation of Bernie Madoff's bankruptcy estate, finding the claims in an amended complaint do not relate back to claims in an earlier complaint.

  • September 30, 2025

    Judge Casts Doubt On RICO Claim Against Real Estate Mogul

    A federal judge on Tuesday said he was inclined to grant real estate mogul Tony Azar and his associates a pretrial win on an investor's racketeering claim, but he was reluctant to agree with their argument that the rest of the allegations are time-barred.

  • September 30, 2025

    Money Damages Off Table In American Airlines ESG Battle

    A Texas federal judge on Tuesday rejected American Airlines workers' bid for money damages in a class action alleging an investing emphasis on environmental, social and governance factors in their employee retirement plan violated federal benefits law, finding insufficient evidence that American's loyalty breach caused plan losses.

  • September 30, 2025

    FinCEN Seeks Feedback On Financial Compliance Burden

    The U.S. Treasury Department's enforcement arm requested feedback Tuesday on the compliance burden for financial institutions responding to the agency's information requests "as part of its continuing efforts to reduce paperwork and respondent burden."

  • September 30, 2025

    UBS Beats Investors' Swiss Franc Rate Rigging Suit For Good

    A New York federal judge has dismissed claims against UBS AG in a long-running case alleging financial institutions conspired to rig the Swiss franc Libor, saying the plaintiffs failed to demonstrate they had been assigned the necessary recovery rights to pursue their claims.

Expert Analysis

  • 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 — 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’s 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 — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

  • How The Genius Act May Aid In Fight Against 'Pig Butchering'

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    ​​​​​​​The recently enacted Genius Act represents a watershed moment in the fight against crypto fraud, providing new tools to freeze and recover funds that are lost to scams such as "pig butchering" schemes executed from scam factories abroad, but there are implementation challenges to watch, say attorneys at Treanor Devlin.

  • Traditional Venue Theories May Not Encompass Crypto Fraud

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    A New York federal court's recent decision in U.S. v. Eisenberg, overturning a jury verdict against a crypto trader on venue deficiencies and insufficient evidence, highlights the challenges of prosecutions in the decentralized finance space, and will no doubt curtail law enforcement's often overly expansive view of jurisdiction and venue, say attorneys at Venable.

  • A Shifting Trend In FDA Form 483 Disclosure Obligations

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    A New York federal court's Checkpoint Therapeutics decision extends a recent streak of dismissals of securities class actions alleging that pharmaceutical companies failed to disclose U.S. Food and Drug Administration Form 483 inspection reports, providing critical guidance for companies during the FDA approval process, say attorneys at Alston & Bird.

  • Filing Clarifies FTC, DOJ's Passive Investment Stance

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    The antitrust agencies' statement of interest filed in Texas v. Blackrock clarifies that certain forms of corporate governance engagement are permissible under the "solely for investment" exemption, a move that offers guidance for passive investors but also signals new scrutiny of coordinated engagement, say attorneys at Stinson.

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.

  • Genius Act Sets Stablecoin Standards — Without Regulation E

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    While the Genius Act expressly requires payment stablecoin issuers to be treated as financial institutions for purposes of the Bank Secrecy Act, it is notably silent as to whether they are to be treated as such under the Electronic Fund Transfer Act, as implemented by Regulation E, says Tom Witherspoon at Stinson.

  • Assessing Federal Securities Class Action Stats In '25 So Far

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    The settlement amount as a percentage of damages in securities class actions has continued to decline in the first half of 2025, a trend that may be important for assessing exposure and risk in future securities litigation, say analysts at Analysis Group.

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