Capital Markets

  • April 15, 2026

    SEC Faces Jarkesy Challenge To $450K Collection Attempt

    A Texas man accused of acting as an unregistered broker is fighting the U.S. Securities and Exchange Commission's attempt to collect a $450,000 judgment against him, arguing a recent U.S. Supreme Court ruling renders the SEC's in-house case against him unconstitutional.

  • April 15, 2026

    Texas Can't Revive Anti-ESG Law While Appeal Plays Out

    A Texas federal judge refused to pause an injunction pending appeal on a state law restricting state investments in businesses that aim to reduce their reliance on fossil fuels, finding the law's language clearly intends to disfavor groups with certain viewpoints and is unlikely to survive appeal.

  • April 15, 2026

    Risk Retention Group's $13M Arbitration Win Confirmed

    A pair of reinsurers must pay out a more than $13 million arbitration award issued to a risk retention group for its reimbursement of a policyholder's costs to correct federal financial filings, a Vermont federal court ruled, rejecting claims that the arbitrator was biased and improperly refused to relitigate coverage.

  • April 15, 2026

    Circle Failed To Freeze $280M Lost In April 1 Hack, Suit Says

    Circle is facing a proposed class action from a Missouri crypto user who accused the stablecoin issuer of failing to intervene and freeze assets as unknown hackers drained an estimated $280 million in digital assets from crypto project Drift Protocol in an April Fools' Day exploit.

  • April 15, 2026

    Chamber Backs 9th Circ. Rehearing Of Funko Investor Suit

    The U.S. Chamber of Commerce is backing Funko Inc.'s call for Ninth Circuit to rehear an investor dispute over the toy-maker's write-down of excessive inventory, arguing that the court's decision to revive the lawsuit "degrades a critical firewall against abusive litigation."

  • April 15, 2026

    2nd Circ. Backs $58M IcomTech Ponzi Convictions, Sentences

    The Second Circuit upheld convictions and judgments for defendants behind a $58 million IcomTech cryptocurrency Ponzi scheme after rejecting their arguments that there's no evidence they knew it was a fraud, ruling Wednesday "sufficient red flags existed" for the lower court to properly provide a "conscious avoidance" jury instruction.

  • April 15, 2026

    Sidley Adds Another NY Capital Markets Pro From Cravath

    Sidley Austin LLP announced Wednesday that it has hired another New York-based capital markets attorney from Cravath Swaine & Moore LLP, touting her history advising venture capital-backed companies, founders, investors and financial institutions on a range of corporate matters.

  • April 14, 2026

    Marex Investor Drops Suit Over Alleged Short Seller Harm

    An investor in U.K.-based financial services company Marex Group PLC has voluntarily tossed her proposed investor class action alleging the company hurt short sellers by using off-order book transactions with its subsidiaries to improperly inflate certain key accounting metrics for its market-making segment.

  • April 14, 2026

    Ex-CFTC Chair Departs Willkie, Law Practice For Fintech Work

    The former leader of the nation's derivatives regulator dubbed "Crypto Dad" says he's leaving his law practice at Willkie Farr & Gallagher LLP to focus on advising fintechs and crypto firms, researching public policy issues and working with nonprofit programs.

  • April 14, 2026

    SEC Greenlights Rule Lifting Day Trader Equity Requirement

    The U.S. Securities and Exchange Commission on Tuesday approved eliminating a requirement that active day traders maintain a minimum amount of money in their accounts, with the Financial Industry Regulatory Authority saying the changes to its rules will give retail investors a greater chance to participate in the markets.

  • April 14, 2026

    Trump's Fed Chair Pick Will Get Senate Hearing Next Week

    The Senate Banking Committee will meet next week to vet Kevin Warsh as President Donald Trump's nominee as the next leader of the Federal Reserve, moving forward with his confirmation process despite bipartisan protests over a still-pending probe of current Fed Chair Jerome Powell.

  • April 14, 2026

    Red State AGs Fight Bid To Trim Suit Against BlackRock

    Republican attorneys general are opposing a bid by BlackRock and State Street to trim a suit accusing the asset managers of driving up coal prices, arguing that the firms' assertion that the suit cannot get past the U.S. Supreme Court's decision on federal antitrust damages claims is incorrect.

  • April 14, 2026

    Proxy Co. Sues Ind. AG Over 'Unconstitutional' Disclosure Law

    Institutional Shareholder Services Inc. has sued Indiana's attorney general over a law the proxy adviser said violates the First and Fourteenth amendments and imposes onerous disclosure requirements for issuing recommendations that go against the preferred outcome of corporate managers.

  • April 14, 2026

    Investors Want Sanctions For Fake Citations In LGBCoin Suit

    Investors in the "Let's Go Brandon" meme token urged a Florida federal judge Monday to issue "case-terminating sanctions" against the man behind the coin, saying he and his counsel have lied in discovery, disobeyed court orders and submitted fake legal citations in at least eight filings.

  • April 14, 2026

    Delaware Eyes Stablecoin Edge With Banking Law Overhaul

    Delaware lawmakers and industry attorneys say a pair of proposed bills updating the state's banking laws and creating a regulatory framework for payment stablecoins are aimed at ensuring the state remains a leader as financial services evolve, just as it did decades ago with credit card banking and corporate law.

  • April 14, 2026

    Experian Accused Of Reporting Fraudulent Pink Energy Loans

    A Virginia consumer is accusing Experian of violating the Fair Credit Reporting Act by blindly listing inflated loan balances from the now-bankrupt Pink Energy solar panel scheme on consumers' reports, claiming in a new class action that the reporting agency ignored warnings from state regulators and continued showing overstated debts.

  • April 14, 2026

    Deutsche Börse Buys $200M Stake In Kraken Crypto Platform

    The operator of Germany's stock market said Tuesday that it has taken a minority stake in Kraken for $200 million as the planned U.S. initial public offering of the cryptocurrency exchange is on hold.

  • April 13, 2026

    Kalshi Says Montana Lacks The Power To Block Its Operations

    Kalshi on Monday asked a federal court to block Montana from trying to limit the prediction market's operations in the state, arguing that the exchange can only be lawfully regulated under federal law — not state gambling laws.

  • April 13, 2026

    Citron's 'Shadowy Gang' Sued Over Short Selling Campaign

    Shareholders of PolarityTE have alleged in a new suit that "members of a shadowy gang of short sellers" conspired to short the biotechnology company's stock through targeted negative media attacks with Citron Research to enrich themselves at the expense of the shareholders, and that they ultimately caused the company's bankruptcy.

  • April 13, 2026

    White House Study Minimizes Stablecoin Risk, ABA Says

    The American Bankers Association pushed back Monday on a recent White House study that found banning stablecoin yield programs wouldn't have much benefit for bank lending, saying the study downplayed the risks from such programs by asking the "wrong question" about them.

  • April 13, 2026

    Obesity Drugmaker Leads 2 Biotech Startups Eyeing IPOs

    Two biotechnology startup companies on Monday filed plans for their public debuts, with obesity-focused Kailera Therapeutics planning to raise an estimated $500 million in its initial public offering and protein biomarker detection platform Alamar Biosciences planning to raise around $150 million.

  • April 13, 2026

    SEC Frees Some Crypto Apps From Broker Registration

    The U.S. Securities and Exchange Commission on Monday cleared a regulatory hurdle for some websites and smartphone applications that aid investors trading in cryptocurrencies, saying those meeting certain conditions will not have to register as brokers.

  • April 13, 2026

    United Homes Faces Investor Suit Over Discounted Sale Plan

    Homebuilder United Homes Group Inc. faces a proposed investor class action alleging the company hid that its former CEO schemed to devalue the company as he gunned to sell it off, leading to a proposed sale that caused significant shareholder losses by cutting the company's valuation in half. 

  • April 13, 2026

    Senior Housing, Healthcare REIT Seeks $1.1B Value In IPO

    Real estate investment trust National Healthcare Properties Inc. is seeking to reach a valuation of about $1.1 billion in an upcoming initial public offering advised by Paul Weiss Rifkind Wharton & Garrison LLP, Greenberg Traurig LLP and Sidley Austin LLP.

  • April 10, 2026

    Sens. Urge CFTC To Probe 'Unusual' Oil Trading Patterns

    U.S. Sens. Elizabeth Warren, D-Mass., and Sheldon Whitehouse, D-R.I., called on the U.S. Commodity Futures Trading Commission to investigate "unusual trading patterns" in oil futures that took place right before President Donald Trump announced talks with Iran, including the recently announced ceasefire.

Expert Analysis

  • 5 E-Discovery Predictions For 2026 And Beyond

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    2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.

  • Where States Jumped In When SEC Stepped Back In 2025

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    The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.

  • What's On Deck In Tribal Nations' Prediction Markets Litigation

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    Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.

  • SEC Virtu Deal Previews Risks Of Nonpublic Info In AI Models

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    The U.S. Securities and Exchange Commission’s recent settlement with Virtu Financial Inc. over alleged failures to safeguard customer data raises broader questions about how traditional enforcement frameworks may apply when material nonpublic information is embedded into artificial intelligence trading systems, says Braeden Anderson at Gesmer Updegrove.

  • Series

    Judges On AI: How Courts Can Boost Access To Justice

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    Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • Targeted Action, Rule Tweaks Reflect 2025 AML Priority Shifts

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    Though 2025’s anti-money-laundering landscape was characterized not by volume of penalties but by the strategic recalibration of how illicit finance risk is handled, a series of targeted enforcement actions signaled that regulators aren't easing off the accelerator, even as they refine the rules of the road, say attorneys at MoFo.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • Citgo Ruling Offers Award Enforcement Road Map

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    A recent opinion from the Delaware federal court approving a $5.892 billion bid for Citgo Petroleum shares brings the long-running enforcement of the Crystallex arbitration award against Venezuela closer to resolution and offers crucial lessons for creditors pursuing sovereign debt, says Vitaly Morozov at Pierson Ferdinand.

  • Series

    A Day In The In-House Life: Chime GC Talks Pathfinding

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    On a recent Tuesday in the office, Chime's general counsel Adam Frankel shares his typical work day, tackling everything from strategically guiding product launches and testing AI tools to mastering the perfect latte and making time for extracurricular interests.

  • Preparing For Congressional Investigations In A Midterm Year

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    2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.

  • How Bank M&A Prospects Brightened In 2025

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    Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.

  • 3 Securities Litigation Trends To Watch In 2026

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    Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.

  • 4 Developments That Defined The 2025 Ethics Landscape

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    The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.

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