Securities Litigation

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When I was in London last week, one of my friends there expressed concern that the various Epstein-related revelations involving company executives might lead to D&O claims. I confess that at the time I didn’t really see her point. However, as it has turned out, just days after that conversation, investors filed a new securities suit against Apollo Global Management and its founder and former CEO Leon Black based on Epstein-related allegations. The March 2, 2026, complaint (here) alleges that the defendants misled the company’s investors about the firm’s business dealing with convicted sex offender Jeffrey Epstein.Continue Reading Epstein Disclosures-Related Securities Suit Filed Against Apollo, Leon Black

While there have been dramatic developments in recent days related to the Trump administration’s tariff-policies – including the U.S. Supreme Court striking down the administration’s IEEPA tariffs and the Trump administration announcement of new across-the-board Section 122 tariffs – the uncertainty companies have faced related to the tariffs continues, and indeed may even have been exacerbated. A new securities suit filed earlier this week against Lakeland Industries, a company whose operations and financial results were impaired by “tariff headwinds,” illustrates how the continuing tariff uncertainty may translate into corporate and securities litigation in the weeks and months ahead. A copy of the February 23, 2026, Lakeland Industries complaint can be found here.Continue Reading Protective Clothing Company Hit with Tariff-Related Securities Suit

Sarah Abrams

Those who pay attention to these kinds of things may have noted that in recent weeks there has been a rash of pump-and-dump scheme securities class action lawsuit filings. In the following guest post, Sarah Abrams, Head of Claims Baleen Specialty, a division of Bowhead Specialty, takes a look at these recent cases and identifies several key features the lawsuits have in common. I would like to thank Sarah for allowing me to publish her article as a guest post on this site. Here is Sarah’s article.Continue Reading Guest Post: Low-Float IPOs and Pump-And-Dump Risk

In recent months, the filing of securities class action lawsuits involving artificial intelligence (AI)-related allegations has become an increasingly important part of overall securities suits filing volume. By and large, the AI-related suits have involved relatively smaller corporate defendants. Late last week, however, a plaintiff shareholder filed an AI-related securities suit against the technology behemoth Oracle, alleging that the company made misrepresentations in its disclosures concerning its AI infrastructure-related capital expenditures. For securities litigation trend watchers, the new lawsuit has a number of interesting features, as discussed below.Continue Reading Oracle Hit with Massive AI Infrastructure-Related Securities Suit

As noted in prior posts on this site, trouble recently has been brewing in the private credit market. Borrower defaults have led to bankruptcies, civil lawsuits, and even criminal indictments. D&O litigation has now arrived on the lender side as well, as earlier this week an investor filed a securities class action lawsuit against BlackRock TCP Capital Corp, the private credit arm of finance giant BlackRock. As discussed below, the new lawsuit highlights the ways in which the current turbulence in the private credit sector can translate into D&O claims, including in particular claims against private credit lenders. A copy of the BlackRock TCP Capital complaint can be found here. Continue Reading Private Credit Lending Firm Hit with Securities Suit

The filing of AI-Washing related securities suits is by now a well-established phenomenon. But a securities suit filed earlier this week presents an interesting new variant on this phenomenon. The new lawsuit alleges that the defendant company used the announcement of a supposed AI-related “collaboration” with Microsoft allegedly to “pump” the company’s share price just before disclosing an at-the-market private placement. As discussed below, the new lawsuit is just the latest in a recent series of securities class action lawsuits alleging share price pumping schemes.Continue Reading Securities Suit Alleges AI-Washing Stock Price “Pump”

Edgar A. Neely IV
Scott N. Sherman

The arrival of a securities class action lawsuit can be and often is a watershed moment in the life a public company. In the following guest post, Edgar A. Neely IV and Scott N. Sherman provide a basic briefing for directors concerned about securities litigation. Edgar and Scott are both partners at the Nelson Mullins law firm. I would like to thank Edgar and Scott for allowing me to publish their article on this site. Here is the authors’ article.Continue Reading Guest Post: New Year’s Primer for Directors: Things to Know About Shareholder Litigation

According to the latest report from ISS Securities Class Action Services, there were two court-approved securities class action lawsuit settlements in 2025 large enough to make the firm’s annual list of the Top 100 U.S. Class Action Settlements. These two 2025 settlements took place in a year in which the number of cases resolved, average and median settlement amounts, and even the number and total value of “mega settlements” ($100 million+) all declined compared to 2024. The details of the 2025 court approved settlements, including with respect to the two largest of the year, can be found in the ISS SCAS report, here.Continue Reading ISS Releases Top 100 Securities Suit Settlements List

After three straight years of increases in the number of federal court securities class action lawsuit filings, the number of federal court securities suits decreased in 2025 relative to 2024, to the lowest level since 2021, according to the latest annual report from NERA Economic Research Associates. In addition, the annual number of dismissals increased…

Sarah Abrams

In the following guest post, Sarah Abrams, Head of Claims Baleen Specialty, a division of Bowhead Specialty, takes a look at the way in which companies’ operations and disclosures about safety issues  can translate into securities litigation. I would like to thank Sarah for allowing me to publish her article as a guest post on this site. Here is Sarah’s article.Continue Reading Guest Post: Rollercoaster