Capital Markets

  • July 09, 2026

    Cookies Retail Led Dispensary Into $1.9M Tax Crisis, Suit Says

    Six entrepreneurs alleged in a California state court lawsuit that cannabis giant Cookies Retail pushed them out of their dispensary and took control over its bank accounts, leaving the retail shop saddled with nearly $2 million in unpaid taxes.

  • July 09, 2026

    Ropes & Gray, Goodwin Steer Sale Of Russell Investments

    Investment solutions provider Russell Investments, led by Goodwin Procter LLP, on Thursday announced that it has agreed to be bought by a consortium led by Ropes & Gray LLP-advised B Capital.

  • July 09, 2026

    Zeta Must Face Suit Over 'Opted-In' User Data, NY Judge Says

    Zeta Global Holdings Corp. must face a proposed securities class action accusing the marketing technology company of misleading investors about the way it collected consumer data and its use of so-called consent farms, with a New York federal judge finding that the suit adequately pleads material misstatements and knowledge of wrongdoing.

  • July 09, 2026

    SEC's Atkins Says Proxy Season Disproved 'Dire Predictions'

    This year's corporate proxy season saw none of the "dire predictions" some had forecasted following the U.S. Securities and Exchange Commission's step back from responding to companies' bids to exclude shareholder proposals from their ballots, the agency's Chairman Paul Atkins said Thursday, while adding that he is rethinking the proposal system as a whole.

  • July 09, 2026

    CFTC Puts CME's 24/7 Crude Oil Contract Trading On Ice

    The U.S. Commodity Futures Trading Commission on Thursday slammed the brakes on the Chicago Mercantile Exchange's plan to offer round-the-clock trading on crude oil futures, calling the exchange's attempt to self-certify the contracts "wholly inappropriate" after the agency publicly sought feedback on the risks of 24/7 trading in the energy industry.

  • July 09, 2026

    Blue Origin's Valuation Soars To $130B, Plus More Rumors

    Blue Origin's valuation hit $130 billion after a $10 billion funding round; state lawyers are finalizing an antitrust lawsuit related to Paramount's planned takeover of Warner Bros. Discovery; and Fiserv is considering selling its payments infrastructure business to U.S. banking giants.

  • July 09, 2026

    Coinbase CLO Grewal To Exit, Advise Company Through Oct.

    Coinbase Chief Legal Officer Paul Grewal, who led the cryptocurrency exchange through a prolonged, high-profile battle with U.S. regulators, will step down at the end of the month and be succeeded by the company's current vice president of legal, according to a securities filing late Thursday.

  • July 09, 2026

    Levona Pans Greenberg Traurig, Reed Smith Privilege Claims

    Levona Holdings has urged a New York federal judge to order Reed Smith LLP and Greenberg Traurig LLP to turn over privilege logs in discovery related to the company's motion for sanctions, saying there are "reasons to doubt" the firms' privilege claims.

  • July 08, 2026

    Meta Nears Ax Of Suits Over Pump-And-Dump Facebook Ads

    A California federal judge said Wednesday he's inclined to toss two proposed class actions alleging that Meta's AI tools enabled investment schemes advertised on Facebook, saying the litigation appears to be "on all fours" with a recent ruling in the same district finding such state claims are barred under federal securities law.

  • July 08, 2026

    Citi Should Be Shrinking, Not Shopping, Sen. Warren Says

    If Citigroup thinks now is a good time to expand its "financial empire" with a major acquisition, its already-mammoth size and past compliance troubles should make it think again, the top Democrat on the U.S. Senate Banking Committee told the bank on Wednesday.

  • July 08, 2026

    SEC's $1.5M Musk Deal OK'd Despite Court's 'Misgivings'

    Despite having "significant misgivings" about the U.S. Securities and Exchange Commission's $1.5 million settlement over Elon Musk's initial purchase of Twitter stock in 2022, a D.C. federal judge signed off on the parties' resolution Wednesday.

  • July 08, 2026

    AstraZeneca Employee Traded On Icosavax Deal, SEC Says

    The U.S. Securities and Exchange Commission on Wednesday accused a former AstraZeneca Pharmaceuticals LP employee of using nonpublic information to trade ahead of the company's $1.1 billion acquisition of vaccine design company Icosavax Inc., yielding approximately $10,000 in illicit gains.

  • July 08, 2026

    NY Kalshi Ruling Should Inform Conn. Cases, AG Says

    A New York federal judge's denial of Kalshi's push to block the state from regulating sports-related offerings on its prediction market platform should inform litigation the company and Coinbase have brought against Connecticut, the Connecticut Office of the Attorney General has said.

  • July 08, 2026

    Citadel Securities Drops Portofino Suit To Chase UK Judgment

    Citadel Securities has dropped its New York trade secrets lawsuit targeting a Swiss cryptocurrency trading firm launched by two ex-employees in order to focus on enforcing a roughly £6 million ($8 million) judgment it's already won in the dispute, according to documents filed Wednesday.

  • July 08, 2026

    AXT Beats Suit Over Subsidiary IPO Risk Disclosures For Now

    A California federal judge has tossed a suit alleging AXT Inc. and two of its executives misled investors about risks with a planned initial public offering of its Chinese subsidiary, finding the suit fails to plead adequately that the executives acted with knowledge of wrongdoing or that the alleged corrective disclosure caused AXT's stock price to drop.

  • July 08, 2026

    States Warn SEC Of Semiannual Reporting Fraud Concerns

    State securities regulators have joined investors and asset managers in urging the U.S. Securities and Exchange Commission not to adopt a semiannual reporting structure, arguing the move away from quarterly reporting by publicly traded companies could lead to more insider trading and accounting fraud.

  • July 08, 2026

    Lenders Left Out Of Serta Uptier Deal Win $400M In Ch. 11 Suit

    Creditors that were excluded from Serta Simmons' so-called uptier debt restructuring are entitled to $261 million in damages plus interest, a Texas bankruptcy court has found, ruling against lenders that participated in the 2020 transaction.

  • July 08, 2026

    Ohio Fuels Litigation Funding Debate As Foreign Ban Is Enacted

    Ohio has enacted a sweeping law that bans all foreign litigation funders from doing business in the Buckeye State, drawing praise from the U.S. Chamber of Commerce and outrage from the litigation finance industry.

  • July 08, 2026

    Sheppard Adds Transactional, IP Attys In Chicago And San Diego

    Sheppard announced Wednesday that the firm has added an experienced intellectual property attorney focused on life sciences as a San Diego area-based partner, a day after announcing the addition of two Chicago-based transactional partners.

  • July 08, 2026

    Day Pitney Can't Be Cut Off From New Counsel, Client Says

    A former Connecticut chief justice's ethics gaffe cannot preclude fellow lawyers at Day Pitney LLP from communicating with new counsel for John B. Clinton, a private equity management firm owner locked in a 13-year-old, $1.3 million corporate windup lawsuit, Clinton has urged a Connecticut state court judge to conclude.

  • July 08, 2026

    Kalshi Sends NY Prediction Market Ruling To 2nd Circ.

    Kalshi is challenging a New York federal court's decision to deny it an enforcement shield from the state's gaming laws, adding the Second Circuit to the list of appellate courts set to weigh in on the question of prediction market regulation.

  • July 07, 2026

    Kalshi Says Federal Law Bars Wash. 'Gambling' Clampdown

    Prediction market KalshiEX LLC urged a Washington state judge on Monday to reject state officials' effort to halt the company's operations under Washington gambling laws, arguing that federal law preempts the regulatory effort and that Washington has failed to show that the platform has caused meaningful harm.

  • July 07, 2026

    SEC's 2026 Agenda Eyes Exec Comp, Recordkeeping Reforms

    The U.S. Securities and Exchange Commission has issued a new rulemaking agenda that highlights its plans to reduce executive compensation disclosure requirements at publicly traded companies and possible changes to broker-dealer recordkeeping requirements, while both it and the U.S. Commodity Futures Trading Commission are exploring new cryptocurrency rulemaking.

  • July 07, 2026

    Trump Depo Needed In Fla. Merger Suit, Ex-SPAC CEO Says

    The former CEO of a special purpose acquisition company that helped take Truth Social public urged a Florida judge Tuesday to allow President Donald Trump's deposition, arguing it's necessary to defend against a claim that he was targeted in a conspiracy to sign a merger agreement without his knowledge. 

  • July 07, 2026

    Ex-SEC Filing Co. Staffer Gets 2 Years For Insider Trading

    A former staffer for a firm that helps companies with U.S. Securities and Exchange Commission filings on Tuesday was sentenced to over two years in prison for using confidential information pilfered from his employer to fuel an insider trading scheme with a colleague that netted nearly $2.4 million in illicit profits.

Expert Analysis

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 7 Steps For Gov't Contractors In Post-IEEPA Tariff Landscape

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    In response to U.S. Supreme Court's recent decision to strike down tariffs issued by the Trump administration under the International Emergency Economic Powers Act, there are several actions federal contractors should take to preserve their place in any refund waterfall, and to manage audit, overpayment and False Claims Act risk, say attorneys at Holland & Knight.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • Section 122 Tariffs Show Shift In Strategy, Not Trade Policy

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    By imposing temporary tariffs under Section 122 of the Trade Act as a stopgap measure while it pivots to less transitory statutory authorities, the Trump administration sent a clear message that the U.S. Supreme Court’s decision in Learning Resources v. Trump, invalidating duties imposed under the International Emergency Economic Powers Act, will not precipitate a change in policy direction, say attorneys at Snell & Wilmer.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Del. Coinbase Outcome May Have Been Different In Texas

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    The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.

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