Capital Markets

  • July 20, 2026

    CFTC Has 'Lost Its Way' On Prediction Markets, Ex-Chair Says

    Former U.S. Commodity Futures Trading Commission Chair Timothy Massad said Monday that the agency has "lost its way" with a prediction market rule proposal that misinterprets the agency's mission and statutes to turn it into a national sports betting regulator.

  • July 20, 2026

    Celsius' Goldstein Owes $2M, Banned From Crypto Trading

    The former chief technology officer of Celsius Network must pay more than $2 million to the Federal Trade Commission as part of a settlement alleging the company's leaders knowingly made false statements to customers before the platform went bankrupt, a New York federal judge has ordered.

  • July 20, 2026

    4th Circ. Overturns Class Cert. In Boeing Investor Case

    The Fourth Circuit on Monday reversed class certification granted in an investor lawsuit against Boeing over the company's alleged concealment of safety issues with its 737 Max fleet, finding that neither the plaintiffs nor the lower court met the standards for certification set in a 2013 Supreme Court ruling.

  • July 20, 2026

    SEC Says Crypto Mining Co. Misused $20M From Investors

    A Florida-based businessman and his company have partially settled claims from the U.S. Securities and Exchange Commission in Massachusetts federal court accusing them of fraudulently raising over $20 million with misrepresentations that investors would be repaid with funds based on the output of crypto mining assets.

  • July 20, 2026

    Meta Slips Suits Over Pump-And-Dump Scam Ads, For Now

    A California federal judge has tossed two proposed class actions claiming Meta's artificial intelligence tools enabled schemes advertised on Facebook and Instagram that caused nearly $30 million in investor losses, saying the litigation aligns with a recent ruling finding such state claims are barred under federal securities law.

  • July 20, 2026

    Kalshi's Prediction Market Biz Facing Shutdown In Washington

    A Washington state court judge on Monday granted the state's bid to preliminarily enjoin Kalshi's operations in the state, agreeing with Attorney General Nick Brown that the prediction market platform offers unlicensed sports wagering and other illegal online gambling activities.

  • July 20, 2026

    Weedmaps $7.5M Investor Deal Gets Preliminary Approval

    A California federal judge on Monday granted preliminary approval to a $7.5 million settlement to end claims that Weedmaps inflated its monthly average users metric after going public, causing its stock to drop when the truth came out.

  • July 20, 2026

    Trump Media Settles Claims With Ex-SPAC CEO In Fla. Suit

    The corporation that operates President Donald Trump's Truth Social website agreed to dismiss its lawsuit against the former CEO of a special purpose acquisition company over a botched public offering following a settlement between the parties in Florida state court. 

  • July 20, 2026

    Simpson Thacher Points To Audit Issues In Malpractice Trial

    A corporate founder seeking more than $100 million in a malpractice case against Simpson Thacher & Bartlett LLP endured a withering cross-examination in Florida state court Monday over his companies' money flows and an auditor's refusal to certify their financial statements two years after the fundraising transaction he believes the firm botched.

  • July 20, 2026

    PE-Backed Sandwich Chain Jersey Mike's Targets $1B IPO

    Private equity-backed sandwich chain Jersey Mike's Subs on Monday revealed terms for an estimated $1 billion initial public offering steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.

  • July 20, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving intellectual property, corporate control, fiduciary duties, artificial intelligence, trust administration and cryptocurrency litigation.

  • July 20, 2026

    A Snapshot Of Prediction Markets Litigation: Midyear Report

    Fierce litigation over sports offerings on prediction market platforms came to define the first half of the year for the sports betting industry. Here, Law360 breaks down the moments that defined prediction market litigation in the first half of 2026 and what attorneys will be watching in the months to come.

  • July 18, 2026

    Kalshi Unwound Mich. Trades Before CFTC Order, Court Told

    Kalshi told a Michigan judge that it will remain in compliance with a court order that instructed it to unwind certain residents' sports trades because it has no way to meet a U.S. Commodity Futures Trading Commission directive to defy the court and reinstate the contracts.

  • July 17, 2026

    Wealth Management Co. To Pay $1.85M In SEC's Scam Case

    A California federal judge has ordered a purported wealth management company and its managing member to pay $1.85 million to the U.S. Securities and Exchange Commission stemming from a pair of fraud schemes, including one involving an elaborate ruse invoking ties to the wealth of the royal family of Qatar.

  • July 17, 2026

    Desktop Metal Exec Tipped Pals On Merger, SEC Says

    An ex-officer at 3D printing technology company Desktop Metal and two of his friends have settled claims from the U.S. Securities and Exchange Commission accusing them of using nonpublic information to direct and make trades ahead of a 2021 acquisition announcement.

  • July 17, 2026

    Trader Chats Keep Deutsche Bank In UK Bond-Rigging Case

    A New York federal judge has ruled that Deutsche Bank must face a proposed class action accusing it of conspiring with other big banks to fix U.K. government bond prices, finding that newly alleged trader chats provide "smoking gun" evidence allowing the case to proceed.

  • July 17, 2026

    NM Wants CFTC's Prediction Market Enforcement Suit Axed

    The state of New Mexico told a federal judge that a U.S. Commodity Futures Trading Commission suit over prediction market regulation shouldn't stand, since the agency can't show how it's been harmed by the state's attempts to enforce its gaming laws against Kalshi.

  • July 17, 2026

    Deutsche Bank Can Pursue Billionaire Vik Over $243M Order

    A Connecticut appeals court on Friday revived a Deutsche Bank lawsuit against billionaire Alexander Vik, concluding that the bank's prior litigation loss did not bar a second lawsuit accusing Vik and his daughter of disrupting a Norwegian software company's share sale designed to partially satisfy a $243 million English court judgment.

  • July 17, 2026

    Don't Miss It: Willkie, Orrick 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.

  • July 17, 2026

    Rakoff Tells Investors Big Banks Were Tricolor Fraud Victims

    U.S. District Judge Jed S. Rakoff has entered an opinion explaining why he tossed an investor suit last month accusing JPMorgan, Barclays and Fifth Third of facilitating a fraudulent scheme by bankrupt subprime auto lender Tricolor Holdings, saying the suit does not establish the banks' motivations.

  • July 17, 2026

    Del. High Court Says Jarkesy Doesn't Extend To State Cases

    The Delaware Supreme Court has declined to apply the U.S. Supreme Court's Jarkesy holding to a state securities fraud suit arising from an administrative enforcement action brought by the state's Investor Protection Unit, finding there are no similar common-law cases requiring the right to a jury trial.

  • July 17, 2026

    6th Circ. Won't Rehear Mark Cuban-Backed FINRA Challenge

    A Sixth Circuit panel has declined to grant a full rehearing of a constitutional challenge of the Financial Industry Regulatory Authority's in-house disciplinary proceedings brought by the owner of a financial consulting company that had support from billionaire entrepreneur Mark Cuban.

  • July 17, 2026

    Dems Raise Alarm DOJ Will 'Rubber-Stamp' Fox's Roku Buy

    Democratic lawmakers are targeting both Fox Corp.'s planned purchase of Roku and the Justice Department that will review it, in a letter announced Friday lambasting the deal itself and pushing the agency under Associate Attorney General Stanley E. Woodward Jr. not to be "corrupted by influence-peddling or political favoritism."

  • July 17, 2026

    Ex-SEC Worker's Son Posted Probe Info Online, OIG Says

    The U.S. Securities and Exchange Commission's Office of Inspector General said Friday that prosecutors declined to prosecute a now-retired SEC employee for purportedly sharing information about an active enforcement investigation with her son, who then posted information about the matter on social media.

  • July 17, 2026

    Albright Tosses Bending Spoons Patent Fight

    A Texas federal judge has dismissed a patent infringement suit against the Italian company that owns brands including Vimeo and AOL for lack of jurisdiction, weeks after the company hit public markets upon raising $1.7 billion in its initial public offering.

Expert Analysis

  • Understanding The SEC's Consequential Crypto Guidance

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    The U.S. Securities and Exchange Commission's recent interpretive release — its most comprehensive statement ever on the application of the federal securities laws to crypto-assets — reimagines the Howey test to resolve long-standing questions over what is a security, but leaves many issues unresolved, say attorneys at Cahill.

  • Seeking A Policy Fix As Merger Reporting Fight Continues

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    A recently announced request by the Federal Trade Commission and U.S. Department of Justice for public comment on the Hart-Scott-Rodino premerger reporting requirements, as litigation challenging the commission's updated requirements continues, suggests the government's willingness to address how best to support modern merger enforcement without unduly burdening filing parties, say attorneys at Baker Botts.

  • Axed Trade Secret Award Cautions Against Bundling Damages

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    The Fifth Circuit's recent ruling in Trinseo v. Harper, vacating a $75 million jury verdict for trade secret misappropriation due to a bundled damages model, offers a strong reminder to apportion damages so a jury can award a nonspeculative figure when it credits only some alleged secrets, say attorneys at Seyfarth.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • Regulators' Basel Pitch May Bring Banks Capital Relief

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    The prudential banking agencies' new proposals to implement the so-called Basel III endgame rules — which would modify the approach to risk-based capital, among other notable changes — represent a fundamental directional shift in bank capital requirements aimed at increasing lending capacity, says Chen Xu at Debevoise.

  • How SEC And CFTC Are Attempting To End Their 'Turf War'

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    Through coordinated examinations and a shared aim to end duplicative regulation, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission's recent memorandum of understanding could represent a significant shift in the regulatory landscape for market participants subject to the jurisdiction of both agencies, say attorneys at Jenner.

  • Parsing Rule 12(c) Motion Overuse In Securities Class Actions

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    Defendants in securities class actions have more frequently been filing motions for judgment on the pleadings following the denial of motions to dismiss, but courts have recently demonstrated an increasing willingness to reject these previously rare motions, finding them transparent attempts to relitigate already-decided issues, say attorneys at Labaton Keller.

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • Madison Capital Action Displays SEC's Emphasis On Process

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    The U.S. Securities and Exchange Commission's recent enforcement action against Madison Capital reflects the SEC's view that when market conditions materially change, valuation methodologies must be reassessed in real time, highlighting the importance of internal processes, say attorneys at Lankler Siffert & Wohl.

  • In First For DOJ, Action Signals New CFIUS Enforcement Era

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    The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.

  • Getting The Most Out Of Learning And Development Programs

    Excerpt from Practical Guidance
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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

  • 'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks

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    At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.

  • Opinion

    AI Presents A Make-Or-Break Moment For Outside Counsel

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    The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

  • When Class Certification Issues And Crypto Nuance Collide

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    A New York federal court's recent ruling in In re: Tether and Bitfinex highlights that crypto companies should expect courts to apply conventional class action principles to novel digital asset markets, albeit with careful attention paid to the unique features of crypto trading, say attorneys at Duane Morris.

  • Series

    Watching Hallmark Movies Makes Me A Better Lawyer

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    I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.

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