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Securities Fraud

Legal news related to Securities Fraud

6 articles

Legal News
•4 min read
Manhattan federal court

Bankman-Fried Seeks New Trial in FTX Case, Claims Solvency Evidence

Convicted cryptocurrency mogul Sam Bankman-Fried has requested a new federal trial, claiming newly discovered evidence shows FTX was solvent and could have repaid all customers despite prosecutors' allegations of an $8 billion fraud. His mother filed the self-represented motion in Manhattan federal court.

•Bankman-Fried claims newly discovered evidence proves FTX had sufficient assets to repay all customer deposits
•He argues the company faced a liquidity crisis from a bank run, not actual insolvency as prosecutors claimed
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Federal Circuit
•4 min read
Ninth Circuit Court of Appeals

9th Circuit Affirms Dismissal of Securities Suit Against Comerica

The Ninth Circuit Court of Appeals affirmed a district court's dismissal of a securities class action lawsuit brought by Nova Scotia Health Employees' Pension Plan against Comerica Incorporated and its executives. The court ruled without oral argument in a memorandum opinion filed February 6, 2026.

•Ninth Circuit affirmed dismissal of securities class action against Comerica Incorporated and executives Curtis C. Farmer and James J. Herzog
•Nova Scotia Health Employees' Pension Plan and David Ramos alleged violations of Securities Exchange Act Sections 10(b) and 20(a)
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Federal Circuit
•4 min read
Fifth Circuit Court of Appeals

Fifth Circuit Reviews Dismissal of Lumen Technologies Securities Case

The U.S. Court of Appeals for the Fifth Circuit is reviewing a securities fraud class action lawsuit against telecommunications company Lumen Technologies and several executives. The district court dismissed the case with prejudice following adverse news coverage and stock price declines.

•Fifth Circuit reviewing dismissal of securities fraud class action against Lumen Technologies and executives
•District court dismissed case with prejudice following company's stock decline and adverse news coverage
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Federal Circuit
•4 min read
Third Circuit Court of Appeals

Third Circuit Denies Mandamus Petition in Multi-District Federal Case

The U.S. Court of Appeals for the Third Circuit denied a mandamus petition filed by Joseph Cammarata, who was convicted in 2022 of conspiracy, wire fraud, and money laundering involving false claims to securities class action administrators. The non-precedential decision addressed his attempt to compel district court actions across multiple related federal matters.

•Third Circuit denied Joseph Cammarata's mandamus petition seeking to compel district court actions across multiple federal cases
•Cammarata was convicted in 2022 of securities fraud involving false claims to class action administrators, sentenced to 10 years and $48 million liability
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Federal Circuit
•4 min read
Eleventh Circuit Court of Appeals

11th Circuit Upholds SEC Victory in $19M Microcap Securities Fraud Case

The U.S. Court of Appeals for the Eleventh Circuit has affirmed the SEC's victory against Spartan Securities Group and associated defendants in a complex microcap securities fraud case involving nineteen shell companies that sold securities at inflated prices.

•Eleventh Circuit affirmed SEC victory against Spartan Securities Group in microcap fraud case involving 19 shell companies
•Defendants created shell companies with no business operations and sold securities at inflated prices
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Regulatory
•4 min read

SEC Charges Canadian Citizen With Discord Investment Fraud

The Securities and Exchange Commission charged Canadian citizen Nathan Gauvin and three controlled entities with orchestrating fraudulent securities schemes that targeted retail investors through the Discord platform.

•SEC charged Canadian citizen Nathan Gauvin and three controlled entities with securities fraud targeting retail investors
•Fraudulent schemes operated through Discord platform to reach and deceive individual investors
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