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Securities Fraud

Bressler, Amery & Ross, P.C.

FINRA Proposes Rule Changes Designed to Help Member Firms Combat Financial Exploitation of Seniors and Other Investors

On January 8, 2026, FINRA issued Regulatory Notice 26-02 announcing proposals for a new rule and revisions to two existing rules. FINRA seeks to revise Rule 4512’s provisions regarding trusted contact persons, to increase...more

ArentFox Schiff

Investigations Newsletter: Aerospace and Defense Contractor Resolves False Claims Act Allegations for $1.5 Million

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Aerospace and Defense Contractor Resolves False Claims Act Allegations for $1.5 Million - On January 5, the US Department of Justice (DOJ) announced that Teledyne RISI Inc., also known as Teledyne Electronic Safety Products,...more

Freiberger Haber LLP

Enforcement News: Former Chief Operating Officer and Former Managing Partner Charged with Participating in An Alleged $300 Million...

Freiberger Haber LLP on

This Blog has written about Ponzi schemes on numerous occasions. A Ponzi scheme is a type of investment fraud where returns to earlier investors are paid using investment capital from new or existing investors, rather than...more

Cooley LLP

SEC Public Companies Enforcement: FY 2025 Review and What to Expect in 2026

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When Paul Atkins became the new chairman of the Securities and Exchange Commission (SEC) in April 2025, the market expected enforcement actions against public companies to decrease....more

Nelson Mullins Riley & Scarborough LLP

When Everyone Wants Cert: The U.S. Supreme Court May Finally Resolve the SEC Disgorgement Circuit Split

The U.S. Supreme Court may soon weigh in on one of the most consequential—and unsettled—questions in recent SEC enforcement jurisprudence: whether the Commission may seek disgorgement without proving that investors suffered...more

A&O Shearman

Eleventh Circuit Revives Putative Class Action Against Power and Utility Holding Company

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On November 26, 2025, the United States Court of Appeals for the Eleventh Circuit reinstated a putative class action asserting claims under the Securities Exchange Act of 1934 against an electric utility company, its parent...more

A&O Shearman

Northern District Of California Dismisses With Prejudice Putative Securities Class Action Against Social Media Company

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On November 20, 2025, Judge Edward J. Davila of the United States District Court for the Northern District of California dismissed with prejudice a putative securities class action against a social media platform (the...more

Patterson Belknap Webb & Tyler LLP

The SEC Drops First-Ever Cybersecurity Lawsuit Against SolarWinds and its CISO

The U.S. Securities and Exchange Commission’s closely watched lawsuit against software maker SolarWinds (“SolarWinds” or the “Company”) and its cybersecurity chief, Tim Brown, ended with a whimper last month when the...more

Bradley Arant Boult Cummings LLP

SEC Settles with Broker-Dealer for Policy and Procedure Violations But Walks Away From Fraud Claims

On December 2, 2025, the U.S. District Court for the Southern District of New York approved a settlement between the U.S. Securities and Exchange Commission (SEC) and a broker-dealer for policy and procedure violations and a...more

Troutman Pepper Locke

Evaluating the SEC’s Rising Whistleblower Denial Rate

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This year has seen a record percentage of whistleblower claim denials by the U.S. Securities and Exchange Commission. This rising trend of award denials is a departure from the SEC’s previous track record and may reflect a...more

Perkins Coie

SEC Dismisses Cyber Disclosure Case Against SolarWinds and CISO

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Key Takeaways - The SEC’s agreement with defendants to dismiss, with prejudice, its case against SolarWinds Corporation (SolarWinds) and its chief information security officer (CISO) signals a retreat from aggressive,...more

Jones Day

SEC Dismisses Remaining SolarWinds Claims

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While timely and accurate disclosure of material cybersecurity events remains paramount, the SEC's retreat from its aggressive SolarWinds case may signal a recalibrated enforcement approach in these cases. On November 20,...more

McGuireWoods LLP

Notable Litigation - October 2024

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Notable litigation filed in October 2024 includes: (1) Jolley v. WCM Global Wealth, LLC, et al., No. 2024CP2306268 (S.C. Com. Pl.); (2) Vazquez, et al., v. Inventis Ventures Holding, Inc., et al., No. 2024-01436108 (Cal....more

Alston & Bird

SEC Dismisses Remaining Claims Against SolarWinds

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On November 20, 2025, the Securities and Exchange Commission (SEC) dismissed its landmark enforcement action against SolarWinds Corp. and the company’s Chief Information Security Officer, Tim Brown.  In 2023, the SEC’s...more

Epstein Becker & Green

Good Faith, Bad Timing: Musk, Privilege, and the Price of the Advice-of-Counsel Defense

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To plead securities fraud, a plaintiff must allege that the defendant made a false statement or omitted a material fact, did so with scienter, and that the plaintiff relied on that misrepresentation and suffered injury....more

Morrison & Foerster LLP

The SEC Backs Down in Landmark Cybersecurity Enforcement Case Against SolarWinds and Its CISO

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Last week, the SEC agreed to voluntarily dismiss its high-profile case against SolarWinds Corporation (“SolarWinds” or the “Company”) and its Chief Information Security Officer (“CISO”), which has been pending for over two...more

A&O Shearman

Washington District Court Declines To Dismiss Putative Class Action Against Coffee Retailer

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On November 19, 2025, Judge John H. Chun of the United States District Court for the Western District of Washington pared the allegations in a putative class action asserting claims under the Securities Exchange Act of 1934...more

Proskauer - Minding Your Business

It’s Not All Rocket Science: Aerospace Ambitions and Litigation Risk

Aerospace startups often begin with a dream to provide cheaper, better, or faster solutions for aviation and space flight, and the ambition to make that dream a reality. Although optimism fuels innovation, as aerospace...more

Goodwin

Southern District of New York Denies SEC’s Motion to Strike Affirmative Defenses of Former Cannabis Company CFO

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Securities Snapshot highlights notable developments in securities law, covering litigation and enforcement matters, legislation, and regulatory guidance. It is curated by lawyers in Goodwin’s Securities Litigation & SEC...more

Katten Muchin Rosenman LLP

State Regulators Announce Enforcement Priorities

On October 16, the North American Securities Administrators Association (NASAA) published the enforcement priorities for state securities regulators. Key highlights of the 2025 NASAA Enforcement Report are the following...more

A&O Shearman

Southern District Of New York Denies Leave To Amend Putative Securities Class Action Complaint Against Software Company

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On November 7, 2025, Judge John G. Koeltl of the United States District Court for the Southern District of New York denied a motion for leave to amend a putative securities class action complaint asserting claims against a...more

J.S. Held

Toying with Fraud and Playing with Consequences

J.S. Held on

In July 2023, one of the year’s most anticipated movies, the Barbie movie, premiered in theaters, achieving more than USD1 billion in global ticket sales. One potentially overlooked detail in the movie was the character Ruth,...more

Parker Poe Adams & Bernstein LLP

SEC Disgorgement: A Growing Circuit Split Raises Stakes for Enforcement and Strategy

The split among federal circuit courts on when the Securities and Exchange Commission (SEC) can obtain disgorgement as a remedy in civil enforcement cases has prompted a man recently convicted of engaging in a "pump and dump"...more

Parker Poe Adams & Bernstein LLP

SEC and FBI Probes Highlight Federal Approach to Investor Fraud Cases

On November 4, 2025, Jay Clayton, the U.S. Attorney for the Southern District of New York, unsealed the indictment of Bradley Heppner, founder of Beneficient Company Group LP, a financial services startup, who has been...more

ArentFox Schiff

Investigations Newsletter: Jury Finds Global Health Care Company Novo Nordisk Not Liable in Whistleblower’s FCA Suit

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Jury Finds Global Health Care Company Novo Nordisk Not Liable in Whistleblower’s FCA Suit - A federal jury in Washington state found Novo Nordisk not liable for violations of the False Claims Act (FCA), Anti-Kickback...more

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