Johnson & Johnson (J&J) has encountered a significant legal setback as the U.S. Court of Appeals for the Third Circuit denied the company’s attempt to halt a securities class action related to its talc-based products. The lawsuit alleges that J&J misled investors by failing to disclose that its baby powder contained asbestos, thereby deceiving both…
The landscape of securities class actions is witnessing notable shifts, with a marked increase in lawsuits tied to artificial intelligence (AI) and cryptocurrency sectors. A recent report by Cornerstone Research highlights that while the overall number of securities class actions has remained stable throughout the first half of 2025, there is a discernible rise in…
The White House has unveiled a report from the President’s Working Group on Digital Asset Markets, providing a much-needed framework for the regulation of cryptocurrency markets. This document encourages securities and derivatives regulators to employ existing tools to facilitate crypto issuance and trading in the absence of comprehensive legislation, while also advising banking regulators to…
Capital Group and KKR are advancing plans to create a retail-focused private equity fund, a strategic move aimed at broadening access to private markets for individual investors. The firms have jointly sought approval from the U.S. Securities and Exchange Commission (SEC) to establish the new fund, which marks a shift from traditional routes that typically…
Jay Clayton’s appointment as interim U.S. Attorney for the Southern District of New York (SDNY) is nearing expiration, posing a complex decision for the district’s judges. Clayton, the former Securities and Exchange Commission chairman, has been at the helm of one of the nation’s most influential prosecutorial offices, where crucial cases involving corporate crime and…
Veda, a rising player in the legal technology sector, has appointed TuongVy Le as its new General Counsel. Le, who previously held a significant position with the U.S. Securities and Exchange Commission (SEC), is expected to bring her extensive regulatory experience to the company. Her role at Veda will involve overseeing legal, compliance, and corporate…
The recent acquisition of legal technology company SixFifty by human resources and payroll giant PayChex has been quietly completed in an undisclosed deal. This acquisition, reportedly taking place in May 2025 for an estimated sum between $70 million to $85 million, includes both cash and equity components. Surprisingly, it has yet to be officially confirmed…
The recent decision by a state high court underscores a significant delineation in the coverage of whistleblower laws, particularly concerning the disclosure of former client information by general counsels. This ruling, centered on the case involving former General Counsel McCarty, establishes that whistleblower protections do not extend to breaches of client confidentiality, regardless of the…
On July 23, 2025, U.S. District Judge Julien Xavier Neals of the District of New Jersey withdrew his prior decision in a securities class action involving CorMedix Inc. This action followed a letter from CorMedix’s counsel, Andrew Lichtman of Willkie Farr & Gallagher, highlighting significant inaccuracies in the judge’s opinion, including fabricated quotations and misrepresented…
Coinbase, the prominent cryptocurrency exchange, is currently embroiled in a legal battle as shareholders have filed a suit against the company in the Delaware Court of Chancery. The complaint highlights allegations that since its initial public offering in April 2021, Coinbase failed to adequately disclose the risks associated with customer assets in the event of…
Boies Schiller Flexner, a prominent law firm known for its high-stakes litigation, has announced the addition of a former New York federal prosecutor to its ranks. This strategic move is expected to enhance the firm’s litigation capabilities, particularly in areas involving complex financial crimes and regulatory matters. The new addition, Allison Nichols, brings a wealth…
In a strategic move to bolster its private equity offerings, Dechert LLP recently announced the addition of two prominent private funds lawyers to its Manhattan office. This acquisition underscores Dechert’s commitment to expanding its capabilities in the competitive landscape of private equity and investment funds. The newly appointed lawyers, Michael Wong and Jane Wu, bring…
Paul Hastings has recently expanded its robust structured finance practice by welcoming a key partner from Sidley Austin. This strategic acquisition signals Paul Hastings’ commitment to enhancing its offerings in a competitive legal market. The new addition to the team, Daniel Shirato, brings considerable experience in structured finance, an area of increasing significance for global…
The Securities and Exchange Commission (SEC) is facing scrutiny as whistleblower awards have slowed considerably, causing concern among those advocating for corporate transparency. Recent modifications in policy have seemingly raised the bar for claims to qualify for rewards, making the process more challenging for whistleblowers who traditionally play a critical role in exposing corporate misconduct….
In a decision that highlights ongoing tensions between regulatory bodies, the U.S. Securities and Exchange Commission (SEC) has opted to lift a ban imposed on a former SEC enforcement attorney accused of cheating on a securities exam. The ban, originally enacted by a different regulatory organization, FINRA, was overturned by a split vote within the…
In a strategic move signaling its intent to strengthen its public companies practice, O’Melveny & Myers LLP has successfully recruited Andra Troy from Latham & Watkins LLP. Troy joins the firm as a partner, bringing with her a wealth of experience in handling matters for major public companies. Her expertise spans securities law, corporate governance,…
In a strategic move, Freshfields Bruckhaus Deringer has bolstered its litigation team by recruiting Neil MacDonald, a prominent securities litigation expert from Allen & Overy and Shearman & Sterling. MacDonald, who co-headed the securities litigation group, is set to join Freshfields’ New York office, enhancing the firm’s capacity to navigate complex securities disputes. The recruitment…
The landscape of cryptocurrency regulation is undergoing significant transformation as legislative efforts gain momentum in the United States. A pivotal development in this context is the advancement of the Cryptocurrency Legal and Regulatory Initiatives Towards Industry Transparency (CLARITY) Act. This proposed legislation aims to establish clear guidelines for the decentralization of digital assets, seeking to…
In a celebration of youthful achievement within the legal sphere, Law360 has unveiled its list of Rising Stars for 2025. This prestigious compilation spotlights over 150 attorneys under the age of 40 whose professional accomplishments reveal a maturity and skill set beyond their years. This annual recognition has become a benchmark in identifying emerging talents…
Law360 has unveiled its 2025 list of Rising Stars, recognizing 158 attorneys under 40 for their significant legal achievements. This annual selection highlights emerging leaders across various practice areas, underscoring their contributions to the legal profession. Among the honorees, Gibson Dunn stands out with 13 attorneys featured, the highest number from any firm. Notable mentions…
In a recent legal development, Texas Attorney General Ken Paxton was denied access to certain files related to his ongoing cases, despite his efforts to appeal an injunction. This decision has kept a spotlight on the case where Paxton faces charges including securities fraud. The appeal was dismissed, leaving the injunction blocking access to these…
In a week marked by significant developments, corporate legal professionals may find themselves seeking concise insights into recent pivotal occurrences. Among these, the U.S. Securities and Exchange Commission (SEC) has turned its attention to investigating compliance lapses at major financial institutions. This scrutiny emphasizes the importance of robust internal controls and compliance mechanisms to preempt…
The European Single Supervisory Mechanism (ESSU) has been established under Article 114 of the Treaty on the Functioning of the European Union (TFEU), a provision traditionally employed to harmonize national laws for the internal market’s effective functioning. This application has sparked debate over whether such use aligns with the constitutional boundaries set by the Treaty….
A legal career with the U.S. Securities and Exchange Commission (SEC) came to an abrupt halt recently when an attorney resigned upon revelations about their professional conduct. According to a report from the SEC’s Office of Inspector General, the attorney concealed the revocation of their law license, misleading the agency by claiming they were in…
In a significant legal decision, U.S. District Judge Loren AliKhan ruled that President Donald Trump’s dismissal of Federal Trade Commission (FTC) Commissioner Rebecca Kelly Slaughter was unlawful. The judge stated that the removal violated the FTC Act’s protections against removal without cause, emphasizing that such protections have been upheld for nearly a century to ensure…