SEC Settles Adani Fraud Case for $18 Million; DOJ Moves to Drop Criminal ChargesMay 16, 2026Law and PolicyThe SEC settled civil fraud charges against Gautam Adani and Sagar Adani for $18 million as the DOJ prepares to drop parallel criminal charges filed in late 2024.
SEC and DOJ Charge 21 in Decade-Long Law Firm Insider Trading SchemeMay 14, 2026Law and PolicyThe SEC and DOJ charged 21 people in a decade-long insider trading scheme built on confidential M&A data misappropriated from multiple global law firms.
30 Charged in Global M&A Insider Trading Scheme Tied to Elite Law FirmsMay 11, 2026Law and PolicyFederal prosecutors charged 30 people, including M&A attorneys from Sidley Austin, Latham & Watkins, and Goodwin Procter, in a decade-long insider trading scheme.
Federal Prosecutors Charge 30 in Decade-Long M&A Insider Trading RingMay 10, 2026Law and PolicyFederal prosecutors in Boston charged 30 people, including M&A attorneys from Sidley Austin and Latham & Watkins, in a decade-long global insider trading scheme tied to merger deal leaks.
ImmunityBio Faces Securities Fraud Class Action Over Two-Month Trading WindowMay 8, 2026Law and PolicyA securities fraud class action filed against ImmunityBio Inc. in the Central District of California covers a narrow two-month trading window, with a lead plaintiff deadline of May 26, 2026.
Thirty Charged in Decade-Long Law Firm Insider Trading ConspiracyMay 6, 2026Law and PolicyFederal prosecutors in Boston charged 30 people, including lawyers from top firms, in a decade-long insider trading conspiracy tied to M&A deal data.
Gemini Space Station Faces Securities Fraud Class Action Over IPO DisclosuresMay 5, 2026Law and PolicyA securities fraud class action filed in SDNY targets Gemini Space Station over alleged IPO misstatements, with GEMI shares down nearly 79% from their $28.00 offering price.
Pinterest Securities Fraud Class Action Filed Over Ad Revenue ClaimsMay 4, 2026Law and PolicyA securities fraud class action filed April 22, 2026, targets Pinterest over alleged misrepresentations about advertising revenues during a one-year class period.
Grocery Outlet Faces Securities Fraud Class Action Over Seven-Month PeriodMay 4, 2026Law and PolicyKessler Topaz filed a securities fraud class action against Grocery Outlet Holding Corp. on May 2, 2026, covering an August 2025 to March 2026 class period.
ImmunityBio Faces Securities Fraud Class Action Over Cancer Drug ClaimsMay 4, 2026Law and PolicyA securities fraud class action filed against ImmunityBio targets executive Patrick Soon-Shiong's claim that cancer drug Anktiva is a vaccine, a description the FDA rejected.