A controversial system to monitor Wall Street trading under development since the Obama administration is at a critical juncture, as SEC Chairman Paul Atkins attempts to rework the market surveillance tool and some plaintiffs push to abolish it entirely. The Securities and Exchange Commission this month moved to pause litigation challenging its Consolidated Audit Trail, first…

The Supreme Court on Friday ruled that retailers can challenge denials of premarket tobacco product applications (PMTAs). R.J. Reynolds Vapor Co., and several convenience retailers, sued the FDA after it denied PMTAs for Reynolds’ Vuse Alto, Vibe and Solo menthol vape products… Daniel Kelly, senior litigation counsel, of the nonpartisan, nonprofit civil rights group New…

The Firearms Policy Coalition is leading a coalition of interest groups in addressing dangerous provisions added to the Big Beautiful Bill. The measure would make suing the government nearly impossible… According to FPC, the coalition includes: Firearms Policy Coalition, FPC Action Foundation, Institute for Justice, Center for Individual Rights, Goldwater Institute, Pelican Institute, Wisconsin Institute…

The Darby Development Company, Inc. v. United States lawsuit is a landmark case for apartment owners, whose rights and livelihoods were profoundly impacted by the COVID eviction moratorium. Through their perseverance and legal advocacy, they have secured a significant victory and set the stage for a broader reckoning with the limits of government power and…

A constitutional showdown over the privacy rights of cryptocurrency users could reshape how digital financial data is protected under the Fourth Amendment. On June 13, the New Civil Liberties Alliance (NCLA) and Supreme Court litigator Kannon Shanmugam filed a reply brief with the U.S. Supreme Court in Harper v. Faulkender, challenging the federal government’s use…

An investment adviser who was found liable for violating federal securities laws may be entitled to attorneys’ fees and costs he incurred defending against what he characterized as an excessive demand by the U.S. Securities and Exchange Commission the 1st U.S. Circuit Court of Appeals has ruled…