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Securities Law

Legal news related to Securities Law

7 articles

Regulatory
•4 min read
Supreme Court

Supreme Court to Review SEC's Disgorgement Powers in April Case

The Supreme Court will hear Sripetch v. Securities and Exchange Commission in April, a case that could significantly limit the SEC's enforcement authority. While receiving less attention than other high-profile cases this term, the outcome could constrain one of the federal government's most powerful financial regulatory agencies by restricting its ability to recover ill-gotten gains from securities law violators.

•Supreme Court will hear Sripetch v. SEC in April, challenging the agency's disgorgement authority
•Case could limit SEC's power to recover ill-gotten gains from securities law violators
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Federal Circuit
•4 min read
Second Circuit Court of Appeals

2nd Circuit Issues Summary Order in Credit Suisse Shareholder Case

The U.S. Court of Appeals for the Second Circuit issued a summary order on February 3, 2026, in Stevenson v. Thornburgh, a shareholder derivative lawsuit involving Credit Suisse Group AG. The case involves shareholders suing multiple Credit Suisse executives and KPMG auditors over alleged corporate misconduct.

•Second Circuit issued non-precedential summary order in shareholder derivative case against Credit Suisse executives
•Lawsuit targets over 40 defendants including former CEO Richard E. Thornburgh and KPMG auditors
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Federal Circuit
•4 min read
Ninth Circuit Court of Appeals

9th Circuit Upholds Dismissal of Ripple Securities Class Action

The Ninth Circuit Court of Appeals affirmed summary judgment for Ripple Labs in a federal securities class action, ruling that the three-year statute of repose bars claims by XRP token purchasers. The appellate court upheld the district court's dismissal of Bradley Sostack's lawsuit alleging unregistered securities violations.

•Ninth Circuit affirmed summary judgment for Ripple Labs in securities class action lawsuit
•Court applied three-year statute of repose from Securities Act of 1933 to dismiss federal claims
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Supreme Court
•4 min read
Supreme Court of the United States

Supreme Court Dismisses Facebook Case as 'Improvidently Granted'

The Supreme Court dismissed Facebook Inc.'s petition against Amalgamated Bank on Nov. 22, 2024, ruling the writ of certiorari was 'improvidently granted.' The rare per curiam decision ends the case without addressing the underlying legal issues that prompted the tech giant to seek high court review.

•Supreme Court issued a rare 'dismissed as improvidently granted' ruling in Facebook Inc. v. Amalgamated Bank
•The case was argued on Nov. 6, 2024, but dismissed just 16 days later without substantive ruling
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Federal Circuit
•5 min read
Sixth Circuit Court of Appeals

6th Circuit Upholds Dismissal of Alliance Data Securities Lawsuit

The U.S. Court of Appeals for the Sixth Circuit has affirmed the dismissal of a class action securities lawsuit brought by Newtyn Partners against Alliance Data Systems Corporation and its executives. The appellate court rejected the investors' appeal of a lower court ruling that dismissed their shareholder claims.

•Sixth Circuit affirmed dismissal of securities class action against Alliance Data Systems Corporation and executives
•Case involved Newtyn Partners suing on behalf of shareholders for alleged securities law violations
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Federal Circuit
•4 min read
Second Circuit Court of Appeals

2nd Circuit Affirms Getty Images Warrant Breach Ruling

The U.S. Court of Appeals for the Second Circuit affirmed a lower court ruling that Getty Images Holdings, Inc. breached its warrant agreement obligations to investment funds. The appeals court upheld damages awarded to Alta Partners and other warrant holders after Getty Images refused to honor their stock purchase redemption requests.

•Second Circuit affirmed summary judgment ruling that Getty Images breached warrant agreement obligations
•Investment funds led by Alta Partners successfully sued after Getty Images refused to honor warrant redemption requests
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Regulatory
•4 min read

SEC Delivers 2025 Capital-Raising Report to Congress

The Securities and Exchange Commission's Office of the Advocate for Small Business Capital Formation published its 2025 staff report examining capital-raising dynamics and delivered the comprehensive analysis to Congress. The data-rich report provides insights into funding challenges and opportunities facing small businesses in the current regulatory environment.

•SEC's Office of Small Business Advocate published mandatory annual report to Congress on capital-raising dynamics
•Report provides comprehensive data analysis examining funding challenges facing small businesses
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