The U.S. Securities and Exchange Commission announced Tuesday evening that it has civilly charged New York City-based Unicoin Inc. and three of its top executives for allegedly making […]
Icahn’s Lawsuit Against Commercial Mortgage-Backed Securities Loan Special Servicer Clears Hurdle
A state court cleared billionaire Carl Icahn to continue his battle against special servicers for commercialized mortgage-backed securities loans, finding that the activist investor had standing to sue […]
Crypto ‘Market Makers’ Barred From Securities Industry
Two “market makers” who promoted microcap stocks and cryptocurrencies to hundreds of thousands of followers on Tuesday agreed with the U.S. Securities and Exchange Commission in Massachusetts federal […]
Securities Class Actions on the Rise Against This Sector
Energy companies faced 15 new federal securities class action complaints in 2024, a spike from recent years, according to a Baker Botts report. The rise reflects heightened scrutiny […]
Securities Broker Asks Supreme Court to Block FINRA Proceeding
An embattled securities broker urged the U.S. Supreme Court on Thursday to block an enforcement proceeding from the Financial Industry Regulatory Authority while the company challenges the constitutionality […]
SEC Says Farewell to the Term ‘Crypto Asset Securities’
In a controversial move, the U.S. Securities and Exchange Commission conceded in its motion for an amended lawsuit filed against Binance in a Washington, D.C., federal district court that […]
International Crypto Bank Faces New York Securities Fraud Class Action Lawsuit
An international cryptocurrency bank has been hit with a securities fraud class action lawsuit in a federal district court in New York after the CEO of its parent […]
Judge Rules Shaquille O’Neal Will Face Lawsuit for Promotion, Sale of ‘Securities’
A federal district court in Miami ruled on Friday that former National Basketball Association star Shaquille O’Neal will have to face a lawsuit over his promotion of unregistered […]
Wilson Sonsini Reps Autodesk in Proposed Securities Class Action
Wilson Sonsini Reps Autodesk in Proposed Securities Class Action, Caz Hashemi, Jessica L. Snorgrass and Stephen B. Strain from Wilson Sonsini Goodrich & Rosati have entered appearances for […]
California EV Maker Rivian Accused of Securities Fraud in New Class Action
Following a string of workforce cuts, disappointing earnings calls and stock market slumps in the past year, California electric vehicle (EV) manufacturer Rivian faces a new securities class […]