The SEC’s Embrace of Mandatory Arbitration in IPOs: A Retreat from Investor Protection and Public Accountability
Authors:
Rebecca Dawson, Kara Wolke, Jonathan Rotter
Tue 26th May 2026 | Posted by Melissa Wright, on
Publications
On September 19, 2025, the Securities and Exchange Commission (“SEC” or “Commission”) adopted a policy that potentially marks one of the most consequential shifts in U.S. securities regulation in decades, and at the very least will impose tremendous uncertainties and costs on investors and companies. In a unilateral announcement that bypassed the required rulemaking process, the SEC said that it would break from long-standing precedent to facilitate the inclusion mandatory arbitration provisions in corporate charters and bylaws.[1] Mandatory arbitration forces shareholders who have been victims of fraud to individually sue companies in a private, confidential forum, instead of a court, […]
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Glancy Prongay Wolke & Rotter Litigation Lawyers Honored by the Daily Journal with California Lawyer of the Year Award (2026)
Fri 22nd May 2026 | Posted by Glancy Law, on
News
Glancy Prongay Wolke & Rotter LLP (GPWR) is proud to announce that partners Rob Prongay, Kara Wolke, and Melissa Wright have been honored with the prestigious California Lawyer of the Year (CLAY) Award by the Daily Journal, California’s leading legal publication. The award, presented on May 6, 2026, recognizes the team’s record-setting achievement in securing a $433.5 million recovery for investors in a securities fraud class action against Alibaba Group Holding Ltd. The case resolved investors’ claims that Alibaba (NYSE: BABA) misrepresented its regulatory compliance and monopolistic business practices between November 2019 and December 2020 in violation of the Securities […]
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Glancy Prongay Wolke & Rotter LLP Featured in Chambers USA California Spotlight Guide 2026
Tue 14th Apr 2026 | Posted by Glancy Law, on
News
Glancy Prongay Wolke & Rotter LLP is proud to announce that it has been ranked in Chambers USA California Spotlight Guide 2026. Chambers Spotlight California 2026 highlights 376 ranked firms across 9 regions and 45 distinct practice areas. Covering practice areas from Litigation and Mergers & Acquisitions to Media & Entertainment and Antitrust, the 2026 Guide highlights the standout firms in key practice areas. Glancy Prongay Wolke & Rotter LLP was ranked by Chambers in the category “Litigation: Securities.” According to Chambers, Glancy Prongay Wolke & Rotter LLP was selected based on an independent and in-depth market analysis, coupled with […]
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Glancy Prongay Wolke & Rotter Secures Class Certification for Verrica Investors
Tue 17th Mar 2026 | Posted by Melissa Wright, on
News
On March 4, 2026, the Honorable Kai N. Scott of the U.S. District Court for the Eastern District of Pennsylvania certified a class of investors in a securities fraud case against Verrica Pharmaceuticals, Inc. and its former top executives. In granting the plaintiffs’ motion and appointing Glancy Prongay Wolke & Rotter to serve as class counsel, the Court commended the attorneys’ skill and experience, stating: “It is a lamentable rarity for the Court to decide a motion where the quality of briefing and the quality of oral argument are both top notch. It is, however, the Court’s good fortune to […]
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Broadridge’s 2026 Global Class Action Annual Report Spotlights GPWR’s Recent Achievements
Mon 2nd Mar 2026 | Posted by Glancy Law, on
News
Broadridge’s 2026 Global Class Action Annual Report spotlights the “top 10 most complicated class action asset recovery opportunities of 2025”—including two matters our team litigated: Alibaba Group Holding Ltd. Securities Litigation ($433.5M) and ViacomCBS (Archegos) Securities Litigation ($120M). Congrats to the talented lawyers-Robert Prongay, Kara Wolke, Kevin Ruf, Melissa Wright, Pavithra Rajesh, Daniella Quitt, and Chris Fallon-whose efforts delivered these meaningful outcomes for investors. Link to the report: 2026 Global Class Action Annual Report
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Glancy Prongay Wolke & Rotter LLP Ranked #2 in ISS SCAS “Top 50 Plaintiff Law Firms 2025” Report
Mon 23rd Feb 2026 | Posted by Glancy Law, on
News
Glancy Prongay Wolke & Rotter LLP (formerly Glancy Prongay & Murray LLP) announced today that it has been ranked No. 2 nationally in Institutional Shareholder Services’ Securities Class Action Services (“ISS SCAS”) Top 50 Plaintiff Law Firms 2025 report, which ranks plaintiffs’ securities firms by the aggregate settlement amount achieved for shareholders in North American securities-related class action settlements during the 2025 calendar year. According to ISS SCAS, Glancy Prongay Wolke & Rotter achieved $585.9 million in total settlement funds approved by courts in 2025—placing the Firm second overall among plaintiffs’ firms. The Firm’s 2025 results included serving as Lead […]
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Glancy Prongay Wolke & Rotter Scores Top Securities Settlement of 2025
Wed 4th Feb 2026 | Posted by Melissa Wright, on
News
Glancy Prongay Wolke & Rotter LLP (GPWR) is proud to announce that the Firm, as sole lead counsel for Alibaba investors, attained the highest securities class action settlement of 2025, according to NERA’s Recent Trends in Securities Class Action Litigation: 2025 Full-Year Review. Spearheaded by partners Kara Wolke and Melissa Wright, GPWR leveraged its deep experience and tenacious advocacy into a $433.5 million settlement for the benefit of Alibaba’s investors. To put that in perspective, NERA reported that all 79 securities class action settlements reached nationwide in 2025 totaled $2.9 billion — meaning this one case accounted for roughly 15% […]
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Glancy Prongay & Murray LLP Announces Name Change To Glancy Prongay Wolke & Rotter LLP
Wed 28th Jan 2026 | Posted by Glancy Law, on
News
Leading plaintiffs’ class action law firm Glancy Prongay & Murray LLP today announced that the Firm is changing its name to Glancy Prongay Wolke & Rotter LLP. The change reflects the substantial contributions that partners Kara Wolke, co-chair of the Firm’s securities litigation group, and Jonathan Rotter, chair of the Firm’s antitrust, consumer protection, and privacy groups, have made to the success of the Firm and the results that they have achieved for the Firm’s clients. Among these successes, Ms. Wolke led the Firm’s litigation team in a complex securities class action against Alibaba, achieving a $433.5 million settlement for investors, which ranks […]
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Kara Wolke Recognized in the 2025 Lawdragon 500 Leading Plaintiff Financial Lawyers Guide
Tue 30th Dec 2025 | Posted by Melissa Wright, on
News
Congratulations to our partner Kara Wolke on being recognized in the 2025 Lawdragon 500 Leading Plaintiff Financial Lawyers Guide—a well-deserved acknowledgment of her outstanding work for investors. The Lawdragon 500 Leading Plaintiff Financial Lawyers is a curated guide to the nation’s leading attorneys who represent investors, shareholders, consumers, and businesses harmed by corporate misconduct. First published in 2007, the guide is compiled through a combination of submissions, independent journalistic research, and peer vetting, with an emphasis on the lawyers behind the most significant recent results in securities, antitrust, and related financial litigation. Inclusion is selective and generally reserved for experienced […]
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Glancy Prongay & Murray Recognized as a 2025 Top Securities Litigation Boutique by Daily Journal
Wed 24th Dec 2025 | Posted by Glancy Law, on
News
Glancy Prongay & Murray LLP is honored to be recognized by the Daily Journal as one of California’s Top Securities Litigation Boutiques for 2025. For more than three decades, our firm has remained singularly focused on representing investors and consumers in complex, high-stakes securities matters nationwide. This profile highlights recent landmark recoveries, including our role as sole lead counsel in the $433.5 million Alibaba securities class action and as co-lead counsel in the $120 million ViacomCBS recovery arising from the Archegos collapse. We are grateful to our clients, colleagues, and team whose trust and dedication make these results possible.
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