Hospital system Lifepoint sued insurers and MultiPlan in federal court, alleging the defendants formed an anticompetitive cartel to suppress out-of-network reimbursement rates, seeking tens of millions in damages.
Lifepoint Corporate Services, General Partnership v. Claritev Corp. et al
The Securities and Exchange Commission obtained a consent judgment permanently barring John Giarmarco from the securities industry and enjoining him from future violations of federal securities law.
Securities and Exchange Commission v. Voyager Pacific Capital Management, LLC et al
The appellate court upheld the agency’s order under arbitrary-and-capricious review, rejecting arguments that latency arbitrage is not a problem in options markets and that the exchange’s protective mechanisms unfairly benefit market...
Citadel Securities LLC v. U.S. Securities and Exchange Commission
The proposal would eliminate requirements that public companies disclose greenhouse gas emissions, climate-related risks, and the financial effects of severe weather events.
SEC Proposes Rescission of Climate-Related Disclosure Rules
A federal judge in Manhattan denied both sides’ motions to preclude expert testimony in the government’s fraud case against former Western Asset Management trader S. Kenneth Leech II, allowing sophisticated statistical analyses of his...
United States of America et al v. Ameriland Nutrition Inc. et al
The Securities and Exchange Commission has eliminated its longstanding policy requiring defendants in enforcement actions to agree not to publicly deny allegations, a move Chairman Paul Atkins said ends the prohibition on criticism of...
SEC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions
A federal judge in Manhattan ruled that sophisticated statistical analyses of a former Western Asset Management trader’s allocation decisions are admissible, rejecting defense arguments that the methods were unreliable or invaded the...
United States Aviation Co. v. Star Jets International, LLC et al
A federal magistrate judge in New York ruled that the public’s right to access judicial records outweighs Clear Street Management LLC’s attempts to seal its financial metrics, client counts, and employee compensation data in a...
Batanjany et al v. Clear Street Management LLC et al
A federal judge in Manhattan denied cross-motions to exclude expert testimony in the government’s fraud case against former Western Asset Management trader S. Kenneth Leech, II, allowing both sides to present statistical analyses of his...
United States of America et al v. Live Nation Entertainment, Inc. et al
U.S. District Judge Gregory H. Woods denied all Daubert motions in the government’s securities and commodities fraud case against former Western Asset Management trader S. Kenneth Leech II, ruling that sophisticated statistical analyses...
United States of America et al v. Docusign Inc.
A Manhattan federal judge denied both sides' Daubert motions in full, allowing competing statistical analyses, a blind allocation exercise, and dueling regression models to go.
United States of America et al v. State Of New York et al
The Securities and Exchange Commission proposed rule changes that would allow public companies to file semiannual reports instead of quarterly filings, aiming to reduce regulatory rigidity in capital markets disclosure.
SEC Proposes Amendments to Permit Optional Semiannual Reporting by Public Companies
A Manhattan federal judge has denied cross-motions to exclude six expert witnesses in the securities and commodities fraud prosecution of S. Kenneth Leech, II, the former Chief Investment Officer of Western Asset Management Company...
UNITED STATES OF AMERICA, v. S. KENNETH LEECH, II, Defendant.
A Manhattan federal judge has denied cross-motions to exclude expert testimony in a complex financial fraud prosecution, allowing all six competing statistical experts—four from the government and two from the defense—to testify in a...
United States of America v. Zahabian et al
Securities and Exchange Commission v. Ahuja
The Supreme Court appears poised to uphold the Securities and Exchange Commission’s authority to order wrongdoers to turn over their profits without requiring proof of specific harm to customers.
Justices seem receptive to SEC’s use of disgorgement in securities enforcement
The Supreme Court heard oral arguments on Tuesday in a challenge by AT&T and Verizon to the constitutionality of Federal Communications Commission fines totaling more than $100 million, with justices appearing skeptical of the...
Court appears skeptical of right to jury trial in FCC proceedings
The U.S. District Court for the Southern District of New York entered a final default judgment against Supreme Power Capital Management Ltd., imposing a $1,182,254 civil penalty and permanent injunctions after the investment adviser...
Securities and Exchange Commission v. Supreme Power Capital Management Ltd.
The Securities and Exchange Commission announced settled charges against Archer-Daniels-Midland Company and two former executives, and filed a separate litigated action against a third, over allegations that the company inflated the...
A federal judge in the Eastern District of California granted a preliminary injunction halting Nexstar Media Group's acquisition of TEGNA Inc., finding that plaintiffs are likely to succeed on the merits of their claim that the deal...
In Re: Nexstar-TEGNA Merger Litigation
The Securities and Exchange Commission said Enforcement Division Director Judge Margaret A. Ryan resigned effective March 16, 2026, after a tenure in which the agency said she redirected the division toward fraud and market manipulation...
The Securities and Exchange Commission appointed David Woodcock, a partner at Gibson, Dunn & Crutcher, as Director of the Division of Enforcement, effective May 4, 2026. The appointment signals a shift in the agency's enforcement...
The Securities and Exchange Commission issued a concept release soliciting public comment on a comprehensive review of the Consolidated Audit Trail and other audit trails used in regulating U.S. securities markets. The agency is seeking...
A new SEC exemptive order and an SEC-approved proposed FICC rule change open cross-margining of cash and futures Treasury positions to customers for the first time, a shift that previously was available only to clearing members.
SEC Approves Exemptive Order and Proposed Rule Change to Permit Customer Cross-Margining in the U.S. Treasury Market
The SEC has approved changes to the CAT's governing plan that regulators estimate will cut the system's annual operating costs by $50 million to $70 million compared to the 2025 CAT budget.
SEC Approves Amendment to NMS Plan to Further Reduce the Costs of the Consolidated Audit Trail
Reyes v. Nikola Corporation
A federal judge in Maryland dismissed all securities fraud claims against the founders and directors of iLearningEngines, an AI-platform company that went public through a SPAC merger, filed for bankruptcy, and self-reported potential...
Walker v. Chidambaran.
The Securities and Exchange Commission on March 17 released a joint interpretation with the Commodity Futures Trading Commission clarifying how federal securities laws apply to crypto assets, and setting out a taxonomy covering digital...
A joint agency action from the SEC and CFTC addresses more than a decade of regulatory uncertainty by introducing a token taxonomy and clarifying when crypto assets fall under federal securities laws versus commodity regulation.
SEC Clarifies the Application of Federal Securities Laws to Crypto Assets
The Securities and Exchange Commission proposed amendments to Form N-PORT that would significantly reduce the frequency and volume of portfolio reporting by registered investment companies. The changes aim to lower compliance costs and...
SEC Proposes Amendments to Reduce Burdens in Reporting of Fund Portfolio Holdings
The Securities and Exchange Commission published new reports analyzing the rapid growth of active exchange traded funds and the fee impacts of fund mergers, alongside updated statistics on municipal advisors, transfer agents, and...
SEC Publishes Data on Exchange Traded Funds and Fund Mergers; Updated Statistics on Municipal Advisors, Transfer Agents, and Security-Based Swap Dealers
The Securities and Exchange Commission announced settled charges against Archer-Daniels-Midland and two of its former executives, and filed a litigated action against a third, alleging they inflated the operating profit of ADM's...
The SEC has charged grain-trading giant Archer-Daniels-Midland and three former executives with fraudulently inflating the performance of ADM's Nutrition business segment — a unit the company had promoted to investors as a key growth...
SEC Charges ADM and Three Former Executives with Accounting and Disclosure Fraud
The Supreme Court heard oral argument in a case that could determine whether investors in closed-end funds can bring a federal lawsuit to rescind contracts that violate the Investment Company Act, or whether Congress eliminated that...
FS Credit Opportunities Corp. v. Saba Capital Master Fund