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May 08, 2026
SEATTLE — A federal judge in Washington granted in part and denied in part a specialized semiconductor device manufacturer’s motion to dismiss an investor’s putative class action alleging the manufacturer’s executives made false and misleading statements that artificially inflated the company’s stock price, finding that most of the allegedly misleading statements were not protected opinions or puffery.
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May 08, 2026
WASHINGTON, D.C. — The Securities and Exchange Commission proposed rule and form amendments to give public companies the option to file semiannual reports instead of quarterly reports to meet reporting requirements under federal securities laws.
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May 08, 2026
MILWAUKEE — For the second time, a federal judge in Wisconsin granted an energy-related products company’s motion to dismiss securities fraud claims brought by two pension funds, finding that amendments made in an amended complaint to allegations of fraudulent nondisclosure surrounding the company’s COVID-19 pandemic-related gains and subsequent drop did not identify any false statements of material fact.
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May 08, 2026
SANTA ANA, Calif. — A federal judge in California denied a semiconductor company’s motion to dismiss investors’ putative class action against the company and two of its executives for allegedly providing misleading statements about a decrease in the supply of computer components the company provided to Apple Inc., finding the investors plausibly allege material omissions and scienter.
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May 08, 2026
SAN JOSE, Calif. — A federal judge in California granted final approval to a $7.25 million settlement in a case brought by investors against a biopharmaceutical company, certain of its executives and board members for alleged misstatements the defendants made regarding the risks associated with the Phase 3 clinical trial of the company’s lead drug candidate, which led to the company’s stock being artificially inflated.
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May 07, 2026
BOSTON — BJ’s Wholesale Club Holdings Inc. and a pension fund filed a stipulation and proposed dismissal order on May 6 to end the fund’s suit against BJ’s for violations of federal securities law after the fund’s stockholder proposal was included in the company’s 2026 proxy materials as required by a federal judge in Massachusetts.
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May 05, 2026
BOSTON — The First Circuit U.S. Court of Appeals denied a petition for rehearing filed by an employee of a securities firm asking the court to reconsider its decision finding that a lower court did not abuse its discretion in ordering disgorgement and civil penalties against them in an enforcement action brought by the Securities and Exchange Commission for their involvement in a long-running pump-and-dump scheme.
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May 05, 2026
COLUMBUS, Ohio — After the Sixth Circuit U.S. Court of Appeals vacated an order granting class certification and issued a limited remand, an Ohio federal judge issued an order stating the class remains certified in a suit against FirstEnergy Corp. brought by investors regarding a $2 billion bribery scheme, finding that “any question regarding the applicability of the [Basic Inc. v. Levinson] presumption of reliance is beyond the scope of the Sixth Circuit’s limited remand.”
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May 05, 2026
NEW CASTLE, Del. — In a consolidated appeal, the Delaware Supreme Court affirmed a lower court’s decisions dismissing shareholders’ actions challenging boards’ adoption of advance notice bylaws regarding director nominations as defensive and entrenching, finding the cases are currently abstract because no nominations have happened under the challenged provisions.
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May 04, 2026
LOS ANGELES — A federal judge in California dismissed an investor’s class action claims against Caitlyn Jenner and her manager for allegedly selling unregistered securities in violation of federal securities law, finding that the investor failed to establish that the cryptocurrency tokens scheme was a common enterprise.
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May 04, 2026
LOS ANGELES — A federal judge in California granted final approval of a $65 million settlement in a case brought by investors against the company that created Snapchat for allegedly misleading investors when discussing the impact of Apple Inc.’s advertising changes to the company’s revenue.
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April 30, 2026
CHICAGO — A federal judge in Illinois denied a motion for partial reconsideration filed by Walgreens Boots Alliance and several of its current and former executives in a case brought by investors regarding numerous alleged misstatements the company made about Walgreens’ primary care clinic venture; the judge found that an audio recording of one of the remaining misstatements had been available when the motion to dismiss was being briefed.
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April 29, 2026
NEWARK, N.J. — A federal judge in New Jersey granted a data engineering company’s and its current and former executives’ motions to dismiss an investor’s putative class action alleging they violated federal securities laws by providing misstatements about the company’s artificial intelligence capabilities; the judge found that the investor failed to sufficiently plead falsity, scienter or loss causation.
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April 28, 2026
WASHINGTON, D.C. — Investors in an opposition brief ask the U.S. Supreme Court to deny a petition for a writ of certiorari filed by financial services company Robinhood Markets Inc asking it to review the Ninth Circuit U.S. Court of Appeals’ split opinion finding that Section 11 of the Securities Act of 1933 required the company to disclose certain information in its initial public offering (IPO), arguing that “[t]here is nothing radical—or certworthy—about” the Ninth Circuit’s interpretation of the “misleading” prong of Section 11.
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April 27, 2026
GREENBELT, Md.— A pharmaceutical company insured filed a notice appealing a Maryland federal court’s grant of a directors and officers liability insurer’s motion to dismiss its breach of contract and bad faith lawsuit seeking a declaration as to coverage for an underlying antitrust action arising from its acquisition of the rights to distribute a prescription medication used to treat mobility issues in people with advanced Parkinson's disease.
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April 21, 2026
WASHINGTON, D.C. —The U.S. Supreme Court on April 20 heard oral arguments in a case asking it to determine whether the Securities and Exchange Commission may seek equitable disgorgement under federal securities laws without showing that investors suffered pecuniary harm; the SEC and an individual it brought a civil enforcement action against debated the definition and purpose of disgorgement, as well as the proper interpretation of Liu v. SEC.
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April 15, 2026
WASHINGTON, D.C. — In a reply brief to the U.S. Supreme Court, an individual argues that under the high court’s decision in Liu v. SEC¸ “disgorgement is a traditional equitable remedy” and “cannot be used as a punishment or deterrent,” urging the court to find that the Securities and Exchange Act cannot seek disgorgement under the Securities Exchange Act of 1934 without showing pecuniary harm.
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April 14, 2026
WINSTON-SALEM, N.C. — Pursuant to a North Carolina federal court order staying the case until sentencings in related criminal proceedings, the U.S. Securities and Exchange Commission, insurance mogul Greg Lindberg, his advisory services company and its former executive filed a joint status report in the SEC’s suit accusing Lindberg and related parties of defrauding clients out of more than $75 million.
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April 14, 2026
WILMINGTON, Del.— An insurer filed an application for certification of interlocutory appeal of a Delaware court’s grant of partial summary judgment in favor of a technology company insured in its breach of contract and bad faith lawsuit seeking coverage for an underlying securities class action and a Securities Exchange Commission lawsuit arising from a merger between a privately held company and a special purpose acquisition company, challenging the lower court’s holding that its interpretation of the policy’s “public offering” exclusion blurs the line between parent and subsidiary and “would undermine the narrow function of insurance exclusions.”
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April 10, 2026
NASHVILLE, Tenn. — Twenty-six investors in cryptocurrency appealed to the Sixth Circuit U.S. Court of Appeals a federal judge in Tennessee’s opinion dismissing their suit against three employees of cryptocurrency enterprises; the judge found that the securities fraud and racketeering claims failed for lack of personal jurisdiction or failure to state a claim.
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April 10, 2026
NEW YORK — A federal judge in New York granted final approval to a $12.5 million settlement entered into by investors and a health care company and its president to end a suit the investors brought alleging the defendants misled investors about the president’s education and the company’s contracts.
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April 10, 2026
HOUSTON — After initially denying a motion to dismiss the claims brought by investors against Southwest Airlines and certain current and former executives for allegedly misleading statements about the company’s operational resiliency, a federal judge in Texas granted the defendants’ motion for reconsideration, finding that the investors failed to allege materially false or misleading statements or the requisite inference of scienter.
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April 10, 2026
NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel affirmed summary judgment against Robert Allen Stanford, the criminally convicted leader of a long-term Ponzi scheme in an enforcement action brought by the Securities and Exchange Commission against Stanford and other scheme participants, finding no reversible error of fact or law; the lower court granted summary judgment as to several participants but Stanford was the only one to appeal.
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April 10, 2026
WILMINGTON, Del. — A federal judge in Delaware dismissed investors’ complaint against two accessible-luxury handbag companies and their executives, finding the companies’ alleged misstatements about their failed merger were unactionable under federal securities laws.
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April 09, 2026
WILMINGTON, Del. — In the latest decision in a long-running case brought by shareholders regarding the merger between M&T Bank Corp. and Hudson City Bancorp Inc., a federal judge in Delaware granted summary judgment in favor of the banks and their respective directors, finding that the banks did not provide any misleading information in their joint proxy statement informing shareholders of the merger.