Capital Markets

  • June 30, 2026

    2 Ex-Clifford Chance Attys Say Firm Wants To Claw Back $6M

    Two former practice group leaders at Clifford Chance LLP have sued in New York federal court alleging the firm is trying to claw back nearly $6 million in total from the pair after they moved to Sidley Austin LLP early this year.

  • June 29, 2026

    High Court Gives Fed Independence A 'Fragile' Reprieve

    The U.S. Supreme Court has thrown its weight behind Federal Reserve independence by rejecting President Donald Trump's bid to immediately oust Fed Gov. Lisa Cook, but experts say the fight over central bank control may not be finished — just moving to a new phase.

  • June 29, 2026

    Ex-SVB Exec Concedes 'Excessive Risks' As FDIC Trial Opens

    Silicon Valley Bank's former chief financial officer testified Monday during the first day of a California federal bench trial over the Federal Deposit Insurance Corp.'s claims that the bank's brass mismanaged its assets, acknowledging under examination SVB took on sustained "excessive risks" under the bank's own definition months before it collapsed.

  • June 29, 2026

    Volatility May Follow As Justices Make Agency Firings Easier​​​​​​​

    The policies and enforcement priorities of federal agencies may fluctuate more rapidly based on who is president, as a result of the U.S. Supreme Court's Monday decision finding that presidents have unlimited authority to fire members of independent agencies, experts told Law360.

  • June 29, 2026

    Kalshi's Sports Betting Temporarily Halted In Michigan

    A Michigan judge Monday issued an order temporarily blocking Kalshi from offering sports wagers to residents, as the state's attorney general pursues a lawsuit alleging the prediction market is running an unlicensed online sports betting platform.

  • June 29, 2026

    SEC Wins $5.4M Default In 1st Crypto 'Pig Butchering' Case

    The U.S. Securities and Exchange Commission has won its first suit targeting a type of crypto scam known as pig butchering with a roughly $5.4 million default judgment against NanoBit Limited and its related entities.

  • June 29, 2026

    SEC Fines Merrill Lynch $7.5M For Unfiled Reports

    Bank of America subsidiary Merrill Lynch will pay $7.5 million to settle claims from the U.S. Securities and Exchange Commission that it violated securities laws by failing to further investigate certain transactions processed by its suspicious activity detection system.

  • June 29, 2026

    SEC Fines Wedbush $1.9M Over Electronic Blue Sheet Errors

    The U.S. Securities and Exchange Commission on Monday fined Wedbush Securities Inc. $1.9 million over alleged electronic blue sheet filing errors that resulted in the misreporting of EBS data for at least 51.8 million transactions.

  • June 29, 2026

    Davis Polk Steers Comcast's NBCUniversal Spinoff Plans

    Comcast Corp. announced Monday it will spin off NBCUniversal into a separate, publicly traded company focused solely on television and other media content, including the streaming and broadcast of NFL, NBA and MLB sporting events, while Comcast will offer broadband, cable and wireless services.

  • June 29, 2026

    China Crackdown Spurred $100M Insider Trading, Suit Says

    A suit filed in New York federal court Monday alleges a group of unknown traders carried out a $100 million insider trading scheme tied to a Reuters report and other disclosures about a Chinese regulatory crackdown on cross-border securities platforms.

  • June 29, 2026

    High Court Lets Fed's Lisa Cook Keep Job For Now

    The U.S. Supreme Court ruled Monday that Federal Reserve Gov. Lisa Cook cannot be immediately removed from her post, a setback for President Donald Trump as he seeks to further remake the central bank's leadership.

  • June 29, 2026

    Justices Turn Away Case Challenging SEC's 'Gag Rule'

    The U.S. Supreme Court on Monday said it would not hear a constitutional challenge to a now-rescinded U.S. Securities and Exchange Commission policy that prohibited defendants from denying allegations against them when settling an enforcement action with the agency.

  • June 26, 2026

    SEC, CFTC Seek Input To Align Portfolio Margining Rules

    The U.S. Commodity Futures Trading Commission and U.S. Securities and Exchange Commission on Friday issued a joint call for feedback on ways they can align their respective portfolio margining requirements to clear the path for leveraged trading involving both equities and derivatives 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.

Expert Analysis

  • Opinion

    State Bars Need To Get Specific About AI Confidentiality

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    Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.

  • Recent Bank Resolution Filings Stress Readiness Over Docs

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    Against the backdrop of banking regulators' recent emphasis on institutional readiness in the event of a bank failure, a review of more than a dozen public resolution plan submissions points to an immediate future in which regulators and banks alike prioritize operational preparedness over extensive documentation, say attorneys at Moore & Van Allen.

  • Series

    Alpine Skiing Makes Me A Better Lawyer

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    Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

  • 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.

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