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Securities Litigation

Morrison & Foerster LLP

Sec Lit IQ: MoFo’s Quarterly Federal Securities Litigation and Delaware Corporate Litigation Newsletter (Q4 2025)

In our latest edition of MoFo’s Quarterly Federal Securities and Corporate Litigation Newsletter, we provide a rundown of select developments from the fourth quarter of 2025, including: • An Eleventh Circuit revival of a...more

Jones Day

Delaware High Court Rejects Application of D&O Policy's "Bump-Up" Exclusion to Securities Claim Settlement

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In a significant victory for policyholders, the Delaware Supreme Court rejected three insurers' attempts to apply their Directors and Officers ("D&O") liability policies' so-called "bump-up" exclusion to bar coverage for...more

Troutman Pepper Locke

Financial Services Industry 2025 Digital Assets Year in Review

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In 2025, the U.S. digital asset landscape evolved more dramatically than in any year since the industry’s inception. A pro‑innovation White House, an active Congress, and key regulators — including the U.S. Securities and...more

Cornerstone Research

Securities Class Action Filings 2025 Year in Review: Key Trends in Federal Filings

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There were 16 filings in the AI trend category in 2025, with 12 filings occurring in 2025 H1 but only four filings occurring in 2025 H2. Cryptocurrency-related filings slightly increased, while COVID-19-related filings fell...more

McGuireWoods LLP

Delaware Supreme Court Affirms D&O Coverage in Harman International Bump-Up Exclusion Dispute

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On January 27, 2026, the Delaware Supreme Court issued a significant pro-policyholder decision affirming that directors and officers (“D&O”) insurers must cover a $28 million settlement paid by Harman International Industries...more

A&O Shearman

Sixth Circuit Affirms Dismissal Of Securities Class Action Against Financial Services Company's Spinoff Loyalty Program

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On January 21, 2026, the United States Court of Appeals for the Sixth Circuit affirmed dismissal by the United States District Court for the Southern District of Ohio of a putative securities class action against a financial...more

A&O Shearman

Central District Of California Denies Motion For Judgment On The Pleadings In Securities Class Action Against Electric Automobile...

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On January 22, 2026, Judge Consuelo B. Marshall of the United States District Court for the Central District of California denied a motion for judgment on the pleadings filed by an electric automobile company (the “Company”)...more

Carlton Fields

Fourth Circuit Finds Under Armour’s “Single Scheme” to Misrepresent Financial Stability Constitutes Single Claim Under D&O Tower

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On January 20, 2026, the Fourth Circuit Court of Appeals held in Navigators Insurance Co. v. Under Armour Inc. that Under Armour was not entitled to access an additional $100 million directors and officers tower after finding...more

Arnall Golden Gregory LLP

Restructuring Roundup - January 2026

AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains...more

Cornerstone Research

Securities Class Action Filings 2025 Year in Review: Executive Summary

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Filing activity in 2025 decreased relative to 2024, from 226 to 207 filings, largely driven by a decline in filing activity in 2025 H2. However, Disclosure Dollar Loss (DDL) was the highest on record, sharply increasing to...more

Cooley LLP

SEC in the Courts: SCOTUS to Review Disgorgement Powers (Again), District Court Upholds Follow-On Administrative Proceedings

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2026 is off to a rousing start for the US Securities and Exchange Commission (SEC), with two notable developments related to the agency’s civil enforcement authority....more

Wiley Rein LLP

Delaware Supreme Court Holds that a Bump-Up Provision Does Not Bar Coverage in Section 14(a) Case

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The Delaware Supreme Court, applying Delaware law, held that a bump-up provision in a D&O liability program did not preclude coverage for the settlement of a proxy-related lawsuit by shareholders against the insured and its...more

Cornerstone Research

Overall Size of Securities Class Action Filings Reached New Heights in 2025

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The number of securities class action filings decreased for the first time in two years in 2025, while the overall size of filings increased substantially, according to a report released today by Cornerstone Research and...more

Baker Botts L.L.P.

Prosecuting Like Its 2007? New York Attorney General Brings Martin Act Insider Trading Action Against Former Public-Company CEO

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Over the last several months, there have been a number of reports about a perceived drop-off in enforcement activity by the U.S. Securities and Exchange Commission, including in the area of insider trading....more

Foley & Lardner LLP

Supreme Court Agrees to Weigh in on Disgorgement

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The Supreme Court recently agreed to hear an appeal in the case of Ongkaruck Sripetch v. U.S. Securities and Exchange Commission after the Securities and Exchange Commission (SEC) submitted a brief agreeing a grant of...more

A&O Shearman

New York Attorney General Institutes Insider Trading Action under Martin Act

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On January 15, 2026, the New York Attorney General (“NYAG”) filed a complaint against a former life-sciences manufacturing CEO alleging violations of New York’s Martin Act for trading material nonpublic information related to...more

A&O Shearman

Southern District Of New York Declines To Dismiss Putative Class Action Against Dental Product Company

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On January 16, 2026, Judge Naomi Reice Buchwald of the United States District Court for the Southern District of New York largely denied a motion to dismiss a putative class action asserting claims under the Securities...more

Cooley LLP

Securities Litigation: Watch Your AI Disclosures

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In this Cooley memo penned by William Pao, Jonathan Waxman and Julian Piroli, I read the fact patterns for the various securities litigation cases involving AI-related disclosures with great interest....more

Carlton Fields

Florida Appeals Court Decisions Week of January 19 - 23, 2026

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U.S. Eleventh Circuit Court of Appeals - USA v. Jones - rehearing, drug trafficking, evidence, closing arguments, misconduct, Miranda - Renco v. Napoli Shkolnik - § 1782 discovery, protective order, foreign activities...more

Skadden, Arps, Slate, Meagher & Flom LLP

AI-Related Claims and Other Securities Litigation Trends to Watch

Securities class action filings remained elevated in 2025, signaling that robust activity will likely persist into 2026. According to economic and financial consulting company Cornerstone Research, through September 30, 2025,...more

Dorsey & Whitney LLP

Energy Law: Month in Review - December 2025

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Welcome to Dorsey’s Energy Law: Month in Review. We provide this update to our clients to identify significant developments in the previous month....more

Skadden, Arps, Slate, Meagher & Flom LLP

With Supportive New Regulations, Digital Assets Are Likely to Proliferate in 2026

The second Trump administration brought with it high expectations about a more receptive approach toward the regulation of cryptocurrencies and other digital assets....more

A&O Shearman

Western District Of Texas Dismisses Putative Securities Class Action Against Cybersecurity Company

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On January 12, 2026, Judge Robert Pitman of the United States District Court for the Western District of Texas granted a motion to dismiss a putative securities class action against a cybersecurity company (the “Company”) and...more

Skadden, Arps, Slate, Meagher & Flom LLP

2026 Insights - Litigation / Controversy

Clients and Friends, As the new year begins, we’re excited to share our 2026 Insights. This issue is packed with analysis and forward-looking commentary on some of the key topics we see shaping the global business landscape....more

Wiley Rein LLP

Fourth Circuit Reverses: Under Armour Cannot Tap Additional $100 Million D&O Tower for Related Government Investigations and...

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In a win for Wiley’s client, the United State Court of Appeals for the Fourth Circuit, applying Maryland law, reversed judgment on the pleadings in favor of the insured, holding that a securities class action, derivative...more

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