Recent years have seen significant growth in Securities Act class actions filed in California state courts, based on conflicting readings of the Securities Litigation Uniform Standards Act ("SLUSA").

The Securities and Exchange Commission has established a specialized Financial Reporting and Accounting Unit within its Division of Enforcement, staffed by attorneys and accountants to investigate accounting fraud, financial reporting violations, and auditor misconduct. Led by Timothy Zimmerman under the direction of Enforcement Director David Woodcock...

Since the release of ChatGPT 3.5 in November 2022, public interest in artificial intelligence (AI) has surged in a classic example of a hype cycle.

The 2025 securities class action landscape presents a paradox that issuers and their boards should take note of: although overall filing volume declined, the financial magnitude of these cases reached unprecedented levels.

In In re Walgreen Co. Stockholder Litigation, No. 14 C 9786, 2016 WL 4207962 (7th Cir. Aug. 10, 2016), the United States Court of Appeals for the Seventh Circuit issued a highly charged opinion...

Corporate and Financial weekly update.

In 2025, the U.S. Securities and Exchange Commission ("SEC") significantly shifted its approach to enforcement. With the start of the second term of the Trump Administration and the appointment of Paul Atkins...

Last Thursday, Jay Clayton was officially sworn in as the new Chairman of the Securities and Exchange Commission. As the new Chairman takes office, here are a few things we're keeping an eye on:

Over the last few years, significant developments in Delaware law and practice have changed the traditional M&A litigation landscape.

A federal court’s recent dismissal of Securities Exchange Act claims against the auditor of a Chinese company prompted us to examine the state of recent U.S. civil securities litigation against accounting firms.

Claims relating to statements about artificial intelligence ("AI") have rapidly become a focal point in securities litigation. Similar to the past surge of "greenwashing" claims tied to climate change disclosures...

In a decision that has implications for both corporate and individual defendants, the US Supreme Court ruled that class actions being brought under the Securities Act of 1933 must remain in state court.

One of the most eye-catching items in the recently released 2017 Annual Report of the Enforcement Division of the Securities and Exchange Commission ...

The pattern is familiar: A proposed merger or acquisition involving a publicly traded company is announced and almost immediately law firms issue press releases announcing "investigations" into whether the target company and its board of directors breached their fiduciary duties.

Special Purpose Acquisition Companies (SPACs) continue to be popular. The number of SPAC IPOs jumped from 13 in 2016 to 59 in 2019, 248 in 2020, and 407 so far in 2021.

The D&O team offer a state of the market overview for Q2 2023 highlighting competition in the London market between insurers and claims trends.

Last year marked an increase in federal securities class action filings, with plaintiffs filing 213 cases in 2023, up from 197 in 2022 and ending an overall decline in filings since 2019.

As this blog's readers know, a recurring recent topic on this blog has been the need for another round of securities class action litigation reform. In the following guest post, Gregory A. Markel...

The past year was another noteworthy one with respect to securities fraud class action lawsuits pursued against publicly traded pharmaceutical, biotechnology and medical device companies.

The U.S. Securities and Exchange Commission's (SEC) Division of Enforcement (Division) published its Annual Report for Fiscal Year 2021 on Nov. 18, 2021.