Capital Markets

  • August 07, 2026

    CFTC Warns Gambling-Style Prices Mislead Contracts Traders

    The U.S. Commodity Futures Trading Commission Friday told prediction markets under its supervision that they must display clear pricing information for event contracts, warning such entities that they cannot list prices in ways that look like gambling odds.

  • August 07, 2026

    OCC Denies EU Fintech's Charter Bid Over 'Significant' Gaps

    The Office of the Comptroller of the Currency has denied European digital bank Bunq's application to charter a U.S. bank, citing "significant" concerns around the financial resources, business plan and managerial competence of the proposed offshoot.

  • August 07, 2026

    Senators Push Back Crypto Bill Vote To September

    Senate Majority Leader John Thune, R-S.D., has confirmed that the Clarity Act to regulate cryptocurrency markets won't get a vote until the chamber returns from its August recess, but lawmakers on both sides of the aisle have committed to continued negotiations.

  • August 07, 2026

    Kalshi Wants Utah Gambling Law Blocked Pending Appeal

    Kalshi has urged a federal judge to issue an injunction barring Utah from enforcing its anti-gambling laws against the company's prediction markets while it appeals a ruling holding the state could do so.

  • August 07, 2026

    NY Judge Trims Chinese AI Co. IPO Disclosure Suit

    A New York federal judge Friday trimmed a proposed investor class action alleging China-based AI company Xiao-I Corp. and its top brass downplayed increasing costs related to its initial public offering, finding that the company's registration statement made disclosures that doom some of the suit's claims.

  • August 07, 2026

    Firebrand Investor Owed $8M, Del. Chancery Says

    The fair value of Firebrand Financial Group is about $11.08 per share, the Delaware Court of Chancery ruled Friday, in a case in which a stockholder sought the court's input following a collapsed transaction, valuing his stock at around $8 million.

  • August 07, 2026

    SEC Walks Away From Novel Insider Trading Case

    The U.S. Securities and Exchange Commission voluntarily dismissed its lawsuit against Terren Peizer on Friday, walking away from a novel insider trading case accusing the convicted Ontrak Inc. founder of avoiding $12.7 million in losses by shedding stock after he learned that the company's biggest client was cutting ties.

  • August 07, 2026

    REITs Must Face Shareholders' Suit Over Delayed Liquidation

    A New Jersey federal judge refused to let a group of real estate investment trusts and other parties escape a proposed class action accusing them of tricking shareholders into approving amended legacy charters that delayed the liquidation process, which prevented shareholders from cashing out.

  • August 07, 2026

    Trump Renews Bid To Oust Fed's Cook Over Mortgage Claims

    The White House has notified Federal Reserve Gov. Lisa Cook that President Donald Trump is "considering" moving again to oust her from the central bank, setting up another potential legal battle after the U.S. Supreme Court blocked her removal in June.

  • August 07, 2026

    KKR Buying Medicover's India Business In $1.4B Deal

    Global investment firm KKR has agreed to acquire Medicover Hospitals India, Swedish healthcare provider Medicover AB's Indian hospital operations business, in a transaction that values the platform at about €1.2 billion ($1.4 billion).

  • August 07, 2026

    Judge Says BofA, Merrill Needn't Account For Disputed $7.5B

    A Georgia federal judge rejected an Atlanta investment company's bid to make Bank of America and Merrill Lynch explain the status of a disputed $7.5 billion wire transfer or hold onto the alleged funds, saying the company failed to show it would be irreparably harmed without such an order.

  • August 07, 2026

    Cooley Leads 2 Biotech Firms Pricing IPOs Totaling $496M

    Two biotechnology firms began trading publicly Friday after raising a combined $496 million in their initial public offerings, with Cooley LLP advising both companies and Latham & Watkins LLP advising both underwriters.

  • August 07, 2026

    Taxation With Representation: Slaughter And May, Covington

    In this week's Taxation With Representation, U.K. real estate investment trust Segro's board agrees to a share offer from U.S. rival Prologis with a partial cash alternative, Curium acquires fellow radiopharmaceutical company Lantheus Holdings Inc., and investment firm KKR buys medical device company Integer Holdings Corp.

  • August 06, 2026

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

    A California federal judge signaled Thursday that two financial professionals are fighting an uphill battle to pursue their proposed class action alleging Meta illegally allowed scammers to impersonate them in ads to run so-called pump-and-dump investment schemes, calling Meta's arguments for tossing the suit "very compelling."

  • August 06, 2026

    Fintech Seeks OCC Trust Charter For Crypto Loan Servicing

    Zaria, a fintech startup that includes a former Manatt Phelps & Phillips LLP partner as an organizer, has applied for an Office of the Comptroller of the Currency charter to establish what it says is the first national trust bank to offer "digitally native" loan servicing.

  • August 06, 2026

    SEC Nets Win In Suit Over Ex-CEO's Alleged Revenue Scheme

    A Washington, D.C., federal judge on Thursday largely sided with the U.S. Securities and Exchange Commission in its civil enforcement case against the former CEO of RTI Surgical Holdings, finding he misled investors by failing to disclose that the surgical implant company regularly shipped orders early to artificially inflate its quarterly revenues.

  • August 06, 2026

    3 Firms Guide Reusable Spacecraft Maker's $380M SPAC Deal

    Orbital spacecraft maker Blackstar Orbital Technologies Corp. on Thursday unveiled plans to go public by merging with special purpose acquisition company Pono Capital Four Inc. in a deal that values it at $380 million and was built by three law firms.

  • August 06, 2026

    KPMG Must Face Beefed Up Investor Suit Over SVB Failure

    A California federal judge allowed Norway's central bank and a Swedish public pension fund to lodge an additional claim against KPMG in their proposed securities fraud class action over Silicon Valley Bank's 2023 failure, saying they sufficiently alleged KPMG ignored red flags as SVB's auditor.

  • August 06, 2026

    $219 Million TV Azteca Debt Arbitration Against Mexico Tossed

    Mexico has come out on top of a $219 million dispute with two U.S.-based investment funds after the International Centre for Settlement of Investment Disputes tossed their claims concerning a debt that a Mexican broadcaster defaulted on during the coronavirus pandemic.

  • August 06, 2026

    Goodwin, Covington Lead Braveheart Bio's $383M IPO

    Venture-backed biotechnology firm Braveheart Bio hit the public markets on Thursday after raising $383 million in its upsized initial public offering.

  • August 06, 2026

    No Simpson Thacher Malpractice In PIPE Case, Jury Finds

    Simpson Thacher & Bartlett LLP escaped a malpractice lawsuit late Thursday over its representation of Patriot National Inc. in a private investment in public equity transaction in the years before the company's downfall.

  • August 06, 2026

    Shein Eyes $40B Valuation Via Hong Kong IPO, More Rumors

    Fast-fashion company Shein is seeking a $40 billion valuation through its Hong Kong initial public offering, betting platform Polymarket is eyeing a new funding round that could value it at $20 billion and Cencora's MWI Animal Health merger with Covetrus faces regulatory scrutiny.

  • August 06, 2026

    Polymarket Adds Yankees To Sports Partnership Portfolio

    Polymarket announced Thursday that it had agreed to become the New York Yankees' official prediction market, partnering with an individual Major League Baseball franchise after signing an exclusive deal with MLB before this season.

  • August 06, 2026

    Telecom Co. Denied Coverage For $27M 'Bump-Up' Settlement

    Insurers do not owe coverage to a telecom company for a $27 million settlement with shareholders who said they were shorted in an acquisition, the Delaware Superior Court said, finding the settlement was a "bump-up" in shareholder consideration that was excluded under the company's directors and officers coverage.

  • August 06, 2026

    Fried Frank Adds Fund Finance Partner For NY Office

    Fried Frank Harris Shriver & Jacobson LLP has hired a former Akin Gump Strauss Hauer & Feld LLP fund finance partner for its New York office.

Expert Analysis

  • Tips For Investors, Creditors Before Venezuela Restructuring

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    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • Del. Dispatch: The New 'Director Independence' Definition

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    The Delaware Court of Chancery's recent decision in Ayers v. Foley, its first interpretation and application of "director independence" as outlined in Section 144 of the Delaware General Corporation Law, suggests that the court will not limit the new section's reach, say attorneys at Fried Frank.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

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    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • 2 AI Washing Rulings Apply Familiar Securities Fraud Rules

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    Two recent federal court decisions to allow AI washing complaints to proceed begin to clarify the line between nonactionable optimism and actionable misstatements by framing the core issue as not overstating the promise of artificial intelligence, but misrepresenting the current state of a company's products, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • CFIUS' Mandate Misses Foreign Risk In Project Subcontracts

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    Recent calls for the Committee on Foreign Investment in the United States to review equity transactions like the Paramount Skydance-Warner Bros. deal miss a consequential oversight gap — CFIUS' inability to review the subcontracting layer of U.S. infrastructure projects, says Thibaut Giret at Alstef Group.

  • AI Governance Tips For Avoiding Securities Suits

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    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Texas Business Court Rulings Show Deal Terms Paramount

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    As the courts within the Texas Business Court system have begun reaching the substantive merits of the cases before them, they are persuasively demonstrating they will not only enforce the terms of transactions as written, but will also embrace a holistic approach to complex transaction documentation interpretation, says Christopher Pace at Winston Taylor.

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