Capital Markets Law360 provides breaking news and analysis on the capital markets sector. Coverage includes stock and bond offerings, mortgage-backed securities, foreign exchange, follow-on offerings, and debt deals, as well as related litigation and policy developments.
A former broker tied up in a $300 million market manipulation scheme that involved using an attorney escrow account to make trades on Thursday asked a New York federal judge for no more than 41 months in prison, saying his role in the scheme was small.
Convenience store operator GPM Investments LLC accused Sun Capital Partners Inc. on Friday in Delaware federal court of scheming to pass off $60 million in pension fund withdrawal liabilities that its subsidiary owed as part of a larger pattern of looting companies under its control for profit.
A wave of venture-backed biotechnology and health care companies are lining up initial public offerings that could price in June, including at least eight that filed plans during the week of May 21, leading more than a dozen IPO prospects set to reignite deal flow in the coming weeks.
Locke Lord LLP has brought on board in Dallas a corporate attorney from Hunton Andrews Kurth LLP with a practice focused on M&A transactions, along with capital market transactions and SEC reporting and compliance matters, the firm has announced.
The recently signed Economic Growth, Regulatory Relief and Consumer Protection Act represents the first significant deregulatory piece of legislation amending the Dodd-Frank Act. The new law makes several changes to the Volcker Rule, but its impact is likely to be modest, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.