Gatekeeper Liability: When Auditors, Underwriters, and Directors Get Pulled Into a Securities Suit
By Thomas Przybylowski, Securities Litigation Attorney At a Glance Plaintiffs often name the auditor, the underwriters, and the outside directors alongside the company itself, but private securities law does not treat helping a fraud the same as committing one. Since Central Bank of Denver v. First Interstate Bank (1994), private plaintiffs cannot sue for aiding […]
SEC and Crypto Regulation: What Companies Need to Know
By Thomas Przybylowski, Securities & Litigation Attorney At a Glance On March 17, 2026, the SEC and CFTC issued a joint interpretive release clarifying how federal securities laws apply to crypto assets. The new framework sorts crypto assets into five categories, with only digital securities treated as securities outright. SEC v. W.J. Howey Co. remains […]