Capital Markets

  • June 26, 2026

    Kalshi Loses Bid To Keep Mich. Gambling Suit In Fed. Court

    A Michigan federal judge has remanded to state court a suit by Michigan's attorney general against Kalshi over claims the prediction market platform is violating state gambling laws, finding Kalshi failed to sufficiently argue that the suit should remain in federal court.

  • June 26, 2026

    Polymarket Tricks Young People Into Gambling, Suit Says

    An association of attorneys and consumer advocates accused Polymarket and its executives Friday of crafting "flagrantly deceptive and unfair marketing" that draws Americans, especially college students, to its prediction market platform.

  • June 26, 2026

    ZoomInfo Downplayed AI Biz's Slowdown, Investor Suit Says

    Software company ZoomInfo was hit with a proposed shareholder class action in Washington federal court accusing it of hiding slowing growth and minimizing concerning trends regarding customers' adoption of its artificial intelligence tools.

  • June 26, 2026

    Judge Tells Feds To Justify Bid To Drop Adani Prosecution

    A New York federal judge Friday told prosecutors their "terse, bland, and conclusory statement" asking the court to drop a fraud case accusing several individuals of orchestrating a $250 million bribery scheme to secure lucrative Indian government renewable-energy contracts was not sufficient without further information.

  • June 26, 2026

    Ex-Celsius Exec Fights For Share Of D&O Defense Fund

    A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal case in which he pled guilty to manipulating the price of the firm's crypto token.   

  • June 26, 2026

    King & Spalding Insists On Fraud Suit Pause Amid 'Conflicts'

    King & Spalding LLP has urged a Connecticut state court to keep its involvement in a $300 million fraud lawsuit on hold while it challenges the denial of its attorneys' withdrawal from representing several individual defendants, citing "serious, nonwaivable conflicts of interest" that will prevent the firm from proceeding.

  • June 26, 2026

    Skadden, Cleary Guide Silver Miner Sinda's $213M IPO

    Silver miner Sinda Ltd. hit the public markets on Friday after raising $213 million in its initial public offering led by Skadden Arps Slate Meagher & Flom LLP and Cleary Gottlieb Steen & Hamilton LLP.

  • June 26, 2026

    Ingram Micro Investor Sues Over Margin Loan To PE Owner

    An institutional investor has brought a derivative lawsuit in Delaware's Chancery Court accusing California technology company Ingram Micro Holding Corp.'s controlling stockholder of exploiting its power to facilitate a margin loan that put stockholders at risk of major losses and violated the company's trading policy.

  • June 26, 2026

    Fintech Execs Tell 11th Circ. Token Wasn't Security

    Two former executives at fintech company Hydrogen Technology Corp. have asked an Eleventh Circuit panel to vacate their convictions and sentences, arguing there was insufficient evidence to support the charges that they conspired to manipulate the market for Hydrogen's digital assets.

  • June 26, 2026

    High Court To Issue Big Decisions In Term's Final Days

    As the U.S. Supreme Court enters the final days of its term, the justices still have several major decisions to issue, including some concerning birthright citizenship, the president's power to remove independent agency officials, transgender athletes and election rules. 

  • June 26, 2026

    11th Circ. Told Loan Program Wasn't Commodities Investing

    An imprisoned foreign currency trader urged an Eleventh Circuit panel Friday to undo a $62 million fraud-related judgment in the Commodities Futures Trading Commission's lawsuit accusing him of misappropriating investor cash, arguing the money was lent to him and he wasn't pooling funds. 

  • June 26, 2026

    3 Firms Steer Cargo Drone Co.'s $800M SPAC Merger

    Autonomous heavy-cargo drone developer Elroy Air Inc. announced Friday it plans to go public through a merger with a blank check company, in a deal that values the business at $800 million and is being steered by DLA Piper, White & Case and Kirkland.

  • June 26, 2026

    Don't Miss It: Sidley, Cooley Steer Hot Deals

    A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals. Here, Law360 recaps the ones you may have missed, including transactions helmed by Sidley Austin LLP and Cooley LLP.

  • June 25, 2026

    Sens. Want CFTC Restricted From Prediction Markets Suits

    A group of 17 Democratic senators has called on a U.S. Senate subcommittee to prohibit the U.S. Commodity Futures Trading Commission from using federal funds to prevent states and tribes from enforcing their gambling laws against prediction markets as litigation over the legality of their offerings continues to spread.

  • June 25, 2026

    FDIC Calls For Narrower Resolution Plans, Assessment Cuts

    The Federal Deposit Insurance Corp. on Thursday floated new rules that would significantly scale back its resolution-planning requirements for large banks and slash the banking industry's annual deposit insurance assessment bill by $4 billion, or roughly a third.

  • June 25, 2026

    CFTC, Prediction Market Trade Group Back Kalshi At 6th Circ.

    The U.S. Commodity Futures Trading Commission and a prediction market trade group are pressing the Sixth Circuit to affirm sole federal oversight of event contracts in separate briefs that argued state gambling laws are a poor fit to regulate trading on real-world events.

  • June 25, 2026

    Kalshi Says NM Tribes Lack Power Over Its Sports Contracts

    Kalshi is asking a New Mexico district court to dismiss a challenge by four Indigenous nations trying to block the prediction market platform from offering online sports betting within Indian Country, arguing that allowing the tribes to exercise regulatory authority will enable hundreds of other tribes to follow suit.

  • June 25, 2026

    Ellenoff, Morgan Lewis Lead NuCube's $500M Go-Public Deal

    Nuclear technology business NuCube Energy Inc., valued at $500 million, announced Thursday that it will become a publicly listed company through its merger with blank check company Launch Two Acquisition Corp., in a deal steered by Ellenoff Grossman & Schole LLP and Morgan Lewis & Bockius LLP.

  • June 25, 2026

    SEC's Peirce Says Trade Suspension Appeals Belong In Court

    The U.S. Securities and Exchange Commission on Thursday denied a request by a penny stock company to terminate a COVID-era trading suspension against it, but Commissioner Hester Peirce wrote in a separate concurrence that she believes suspended companies can appeal directly to a federal appellate court without going through the agency first.

  • June 25, 2026

    Dell Shareholders Approve Legal Move To Texas

    Dell Inc.'s shareholders approved a proposal to move the company's legal home from Delaware to Texas, the company's founder and CEO Michael Dell announced Thursday on social media.

  • June 25, 2026

    Kan. Proxy Adviser Law Blocked For Viewpoint Discrimination

    A Kansas federal judge agreed to block a state law from taking effect amid lawsuits brought by proxy advisory firms Glass Lewis & Co. LLC and Institutional Shareholder Services Inc., which claim the law is unconstitutional and imposes burdensome requirements on issuing recommendations that go against corporate management's wishes.

  • June 25, 2026

    California Trader Admits To $1.3M Securities Spoofing Scheme

    A day trader has pled guilty in California federal court and reached a settlement with the U.S. Securities and Exchange Commission over claims that he defrauded the market and made $1.3 million in ill-gotten gains by orchestrating a spoofing scheme with securities backed by foreign companies.

  • June 25, 2026

    White & Case Leads Aerospace Parts Biz's Upsized $919M IPO

    Aerospace engine maker DPC Holdings, known as Doncasters Group, hit the public markets on Thursday after raising $919 million in its upsized initial public offering.

  • June 25, 2026

    Paramount Preps JV Divestiture, Bumble Eyes Sale, And More

    Paramount is preparing to divest its film distribution joint venture with Universal Pictures as part of an effort to appease European regulators, as the company looks to close its planned $110 billion of acquisition of Warner Bros. following U.S. approvals, according to a Reuters report. Among other notable reports, Abu Dhabi's MGX has raised nearly $50 billion for an AI-investment venture, apparel company Reformation is said to be preparing for an IPO, and the dating app Bumble may be mulling a sale. 

  • June 24, 2026

    OKX's Legal Bench Gets Overhaul From Former NY Regulator

    Cryptocurrency exchange OKX made a splash this week when it announced that former New York Gov. Andrew Cuomo will lead a new joint venture with Intercontinental Exchange. But behind the scenes, a longtime Cuomo associate has been quietly remaking the once-embattled company's legal department into a "competitive advantage" as the business seeks a foothold on Wall Street.

Expert Analysis

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

  • Opinion

    CFIUS Must Adapt To Current Foreign Investment Realities

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    To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • How Attorneys Can Navigate Shifts In Financing Landscape

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    Direct government investment in companies in strategic sectors is expected to continue this year, with legal practitioners facing increased demands to navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives, say attorneys at Skadden.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Takeaways From The DOJ Fraud Section's 2025 Year In Review

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    Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

  • What An Uptick In Shareholder Activism Means For Banking

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    With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.

  • Anticipating The SEC's Cybersecurity Focus After SolarWinds

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    While the U.S. Securities and Exchange Commission's recent voluntary dismissal of its enforcement action against SolarWinds Corp. and its chief information security officer marks a significant victory for the defendants, it does not mean the SEC is done bringing cybersecurity cases, say attorneys at MoFo.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

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