https://www.law360.com/securities?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Securities Copyright 2025 Portfolio Media, Inc. en-US Thu, 01 May 2025 23:44:47 +0000 https://www.law360.com/securities/articles/2333755?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333755 A Manhattan federal judge on Thursday suggested that he may grant all or part of a crypto trader's motion for acquittal or a new trial over allegations that he defrauded Mango Markets investors out of $110 million by manipulating the price of the exchange's native token, in a ruling that would likely center on issues involving mixed swaps or venue. Thu, 01 May 2025 23:26:59 +0000 https://www.law360.com/securities/articles/2333429?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333429 The Federal Trade Commission and Nevada on Thursday filed suit in federal court against an investment training company they alleged scammed more than $1.2 billion out of consumers, mostly young adults, by selling trading courses taught by "bogus" instructors and encouraging consumers to participate in a multi-level marketing scheme. Thu, 01 May 2025 22:52:42 +0000 https://www.law360.com/securities/articles/2333273?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333273 A Manhattan federal judge on Thursday permanently ended claims a real estate investor in a botched $2.6 billion Philippine casino deal brought against attorneys from Sadis & Goldberg LLP, finding that claims that they allowed a fraud to unfold and breached their fiduciary duties were too vague. Thu, 01 May 2025 22:45:26 +0000 https://www.law360.com/securities/articles/2333160?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333160 An Illinois fund that invests in life insurance policies has been hit with securities fraud, breach of fiduciary duty and several other claims in a suit seeking at least $50 million that alleges it manipulated the value of illiquid assets to collect inflated fees from investors. Thu, 01 May 2025 22:01:27 +0000 https://www.law360.com/securities/articles/2333124?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333124 Cohen Milstein Sellers & Toll PLLC and Lieff Cabraser Heimann & Bernstein LLP will represent a proposed class of investors in a suit alleging Jack Dorsey's fintech company Block Inc. created a "haven for criminal and illicit activities" on its Cash App and Square payment platforms despite touting its anti-money laundering protocols. Thu, 01 May 2025 21:41:26 +0000 https://www.law360.com/securities/articles/2333554?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333554 The U.S. Securities and Exchange Commission moved Thursday to drop its suit over cryptocurrency influencer Ian Balina's alleged promotion of so-called SPRK tokens, about a month after Balina's attorneys said the federal regulator planned to walk away from the case. Thu, 01 May 2025 21:40:59 +0000 https://www.law360.com/securities/articles/2333087?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333087 The Financial Industry Regulatory Authority announced online broker-dealer Interactive Brokers LLC will pay $400,0000 to settle claims it failed to report regulatory complaints and customer grievances regarding the functionality of its virtual platform to FINRA over an 11-year period. Thu, 01 May 2025 21:18:07 +0000 https://www.law360.com/securities/articles/2332716?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332716 A Florida appeals court Wednesday reversed a default judgment against a show horse owner in a dispute with investors, ruling that the court jumped the gun on the judgment after learning the owner faked brain cancer treatment to get preferred hearing dates. Thu, 01 May 2025 21:05:25 +0000 https://www.law360.com/securities/articles/2333424?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333424 Two former FirstEnergy Corp. executives indicted over their alleged roles in a $1 billion bribery scandal objected Thursday to the possibility they could be sanctioned for failing to produce certain information in a civil suit brought by FirstEnergy investors, calling language in a special master's report "inappropriate" and potentially prejudicial. Thu, 01 May 2025 20:01:48 +0000 https://www.law360.com/securities/articles/2333014?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333014 Private equity-tilted limited liability company contract terms beat minority investor challenges to the fairness of the $8.9 billion merger in January 2023 that joined Summit Health-CityMD and VillageMD, a Delaware vice chancellor ruled late Wednesday. Thu, 01 May 2025 19:25:02 +0000 https://www.law360.com/securities/articles/2333037?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2333037 Wells Fargo has urged the U.S. Supreme Court to reject Hertz's appeal of a Third Circuit ruling that the car rental giant owes $272 million in make-whole payments and interest to noteholders following a Chapter 11 case it launched in 2020. Thu, 01 May 2025 19:22:40 +0000 https://www.law360.com/securities/articles/2332924?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332924 Power generator maker Generac Holdings Inc. asked a Wisconsin federal judge to permanently toss an investor suit over the company's alleged failure to keep up with a surge in business during the COVID-19 pandemic, arguing the proposed class repeats arguments about Generac's sales disclosures that were previously dismissed. Thu, 01 May 2025 18:34:06 +0000 https://www.law360.com/securities/articles/2331850?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2331850 A PetroSaudi unit continues fighting the Trump administration's bid to pause litigation to seize a $380 million arbitral award while related proceedings in Switzerland play out, saying a California federal judge has already denied its stay request once before. Thu, 01 May 2025 17:49:59 +0000 https://www.law360.com/securities/articles/2332912?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332912 Delaware's Supreme Court on Wednesday approved a mid-case review for a Paramount Global stockholder suit seeking books and records on the company's proposed $8 billion tie-up with Skydance Media. Thu, 01 May 2025 16:16:43 +0000 https://www.law360.com/securities/articles/2332519?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332519 While businesses may have been given a reprieve from the U.S. Securities and Exchange Commission's rules aimed at standardizing climate-related disclosures, they must still track evolving requirements in states including California, Illinois, New Jersey and New York that will soon require reporting of direct and indirect carbon emissions, say attorneys at Husch Blackwell. Thu, 01 May 2025 15:33:59 +0000 https://www.law360.com/securities/articles/2332564?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332564 A banker challenging the Federal Deposit Insurance Corp.'s use of in-house proceedings to level a fraud judgment against him told the Fifth Circuit that its recent decision overturning a $57 million Federal Communications Commission fine against AT&T confirms that the FDIC cannot rely on a "public rights" exemption to impose fines without a jury trial. Thu, 01 May 2025 12:54:01 +0000 https://www.law360.com/securities/articles/2332483?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332483 The Fourth Circuit found no error in a former cryptocurrency executive's conviction for fraud and conspiracy related to his time working at a foreign currency and cryptocurrency trading investment firm that the panel said was actually just a Ponzi scheme that never made any trades. Thu, 01 May 2025 12:51:28 +0000 https://www.law360.com/securities/articles/2332022?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332022 The U.S. Commodity Futures Trading Commission recently released a request for comment on the trading and clearing of perpetual-style derivatives, most common in the cryptocurrency market, necessitating a deep look at how these contracts operate and their associated risks, say attorneys at Moore & Van Allen. Thu, 01 May 2025 10:21:44 +0000 https://www.law360.com/securities/articles/2305667?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2305667 Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins. Wed, 30 Apr 2025 22:59:38 +0000 https://www.law360.com/securities/articles/2332775?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/securities/articles/2332775 The U.S. House Financial Services Committee on Wednesday approved Republican budget legislation that would strip most funding from the Consumer Financial Protection Bureau and wind down an independent audit regulator for public companies.