Capital Markets

  • June 11, 2021

    Toomey Says Feds Must Harness, Not Overregulate Crypto

    Instead of putting virtual shackles around the cryptocurrency industry, Sen. Pat Toomey, R-Pa., says the U.S. government should focus on working with stakeholders to address outdated rules and use the digital currency as a means to track down bad actors — like those who perpetrated the Colonial Pipeline hack.

  • June 11, 2021

    SEC Maps Out Gensler's Regulatory Ambitions Over Next Year

    The U.S. Securities and Exchange Commission is planning to propose new rules on board diversity and climate change disclosures this fall and make proposals on special purpose acquisition companies the following spring, according to an agenda released Friday.

  • June 11, 2021

    SIFMA Offers Measured Approach To SEC Climate Disclosures

    A leading U.S. securities industry trade group is pushing the U.S. Securities and Exchange Commission to focus on climate-specific metrics before tackling its potential plans to ramp up environmental, social and governance disclosure requirements more broadly, while also suggesting ways to minimize compliance burdens.

  • June 11, 2021

    Ackman's SPAC Strategy Pushes Deal Structure's Boundaries

    Hedge fund titan Bill Ackman's multilayered proposal to acquire a minority stake in music giant UMG through his special purpose acquisition company, while also enabling future acquisitions, seeks to rewrite the SPAC playbook through several complicated steps that could spur imitators.

  • June 11, 2021

    Pot-Focused SPAC Greenrose To Delist From Nasdaq

    Cannabis-focused blank-check company Greenrose Acquisition Corp. has announced it plans on delisting its shares from the Nasdaq later this month, in anticipation of closing deals that would qualify it as a plant-touching business in violation of the exchange's rules.

  • June 11, 2021

    SEC Bulletin Warns Bitcoin Futures Are 'Highly Speculative'

    Investors exposed to Bitcoin and Bitcoin futures are making a "highly speculative investment" and are taking on considerable risk, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission said in an investor bulletin.

  • June 11, 2021

    Skadden-Led Chinese Recruiting Co. Tops Trio Raising $1.4B

    Chinese job recruitment platform creator Kanzhun Ltd., advised by Skadden, led a trio of operating companies that debuted on the stock exchanges Friday, raising a combined $1.41 billion through their initial public offerings.

  • June 11, 2021

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Ukraine's bank deposit protection scheme sue a bank in Liechtenstein, streaming platform Twitch take aim at a viewing bot, and law firm Kennedys files for an injunction against Hiscox.

  • June 11, 2021

    McDonald's Accused Of Owing $800K In Shares, Dividends

    A Massachusetts man who bought a handful of McDonald's Corp. shares nearly 50 years ago is owed more than $800,000 after the company split its stock eight times over the decades without issuing him new shares, according to a federal lawsuit filed Thursday.

  • June 11, 2021

    Skadden, Kirkland Steer $3.2B Sports E-Retailer's SPAC Deal

    Germany's Signa Sports United, an e-commerce platform for sports equipment and apparel, will go public at a $3.2 billion enterprise value by merging with a private equity-backed special purpose acquisition vehicle, the companies said Friday, in a deal built by Skadden and Kirkland.

  • June 10, 2021

    Fall Bench Trial Set For Lehman Bros' CDS Insurer Fight

    A New York state judge on Thursday set an October bench trial date for a lawsuit by Lehman Brothers' bankrupt European unit that accuses an Assured Guaranty Ltd. affiliate of failing to make good on hundreds of millions of dollars worth of credit default swap trades after the 2008 financial crisis.

  • June 10, 2021

    MoneyGram Fraud Case Dismissed Post-Compliance Revamp

    A Pennsylvania district court judge dismissed anti-money laundering charges against MoneyGram International Inc. on Thursday, marking the end of an eight-year deferred prosecution agreement with the U.S. Department of Justice. 

  • June 10, 2021

    Skadden Steers Chinese Ride-Hailing Giant DiDi's IPO Filing

    Chinese ride-hailing giant Didi Chuxing, also known as DiDi, filed for an initial public offering on Thursday, revving up a potentially massive IPO steered by Skadden and underwriters counsel Simpson Thacher.

  • June 10, 2021

    Biden Could Fuel More ESG, Anti-Bribery Integration: Report

    The U.S. and Canada lag the rest of the world when it comes to the integration of environmental, social and governance programs into existing anti-bribery and anti-corruption compliance frameworks, but that could change stateside under the Biden administration, a report published Thursday says.

  • June 10, 2021

    K&L Gates, Hogan Lovells Guide GPS Biz In $1.2B SPAC Deal

    GPS maker NextNav said Thursday it plans to go public at a valuation of roughly $1.225 billion through a merger with a blank-check company, in a deal led by K&L Gates LLP and Hogan Lovells.

  • June 10, 2021

    Mental Health Care Provider Leads 5 IPOs Exceeding $1.6B

    Private equity-backed mental health services provider LifeStance Health Group Inc. went public Thursday after raising $720 million in an upsized initial public offering, leading a quintet of newly minted public companies that netted nearly $1.7 billion combined, guided by 11 law firms total.

  • June 10, 2021

    Chinese Vape Co.'s IPO Hid Regulatory Risk, Says Class Suit

    Chinese vape company RLX Technology Inc., its brass and its underwriters were hit with a proposed class action in Manhattan federal court, accusing the company of failing to disclose that regulatory restrictions on its products would soon tighten in China as it held an initial public offering in January.

  • June 10, 2021

    Rising Star: Davis Polk's Yasin Keshvargar

    Yasin Keshvargar of Davis Polk & Wardwell LLP regularly plays a role in multimillion-dollar initial public offerings, including a recent IPO valued at over $250 million, earning him a spot among the capital markets practitioners under age 40 honored by Law360 as Rising Stars.

  • June 10, 2021

    Greenberg Traurig Taps Ex-DLA Piper Corporate Pro In Dallas

    Greenberg Traurig LLP announced Wednesday that it has hired a former DLA Piper corporate partner as a shareholder in Dallas.

  • June 09, 2021

    REIT Investor Sues After Bad Financial News Tanked Stock

    An investor in real estate investment trust Washington Prime Group Inc. filed a proposed class action in Ohio federal court Wednesday, accusing the company, its CEO and its chief financial officer of making intentionally false statements that, when revealed, caused the company's stock to drop significantly.

  • June 09, 2021

    House Republican Probes Ouster Of Trump-Era PCAOB Boss

    The top Republican on the House Financial Services Committee asked the head of the U.S. Securities and Exchange Commission on Wednesday to preserve documents related to last week's firing of William Duhnke from the Public Company Accounting Oversight Board.

  • June 09, 2021

    Uber, Academics Back SEC's Push For Climate Disclosures

    The U.S. Securities and Exchange Commission's push to develop a new climate risk disclosure framework has garnered positive feedback from a diverse set of backers, including ride-hailing company Uber and academics from major law schools.

  • June 09, 2021

    Goodwin Guides Card Issuer Marqeta To $1.2B Public Debut

    Payment card issuer Marqeta saw a jump in share price Wednesday after raising over $1.2 billion in its Goodwin Procter LLP-led initial public offering.

  • June 09, 2021

    Crypto Exchange Taps Ex-Prosecutor For Top Compliance Job

    Cryptocurrency exchange Bitstamp has hired a former cybercrime prosecutor with nearly a decade of compliance experience between financial technology companies and more traditional financial firms to be its new chief compliance officer, the company said Wednesday.

  • June 09, 2021

    SEC Launches Review Of Equity Market Rules

    U.S. Securities and Exchange Commission Chairman Gary Gensler said Wednesday that he had advised SEC staff to review equity markets rules to ensure investors are getting the best prices on trades and are not being slipped hidden costs by more sophisticated market players.

Expert Analysis

  • A Biz Strategy Model To Improve Lateral Atty Hiring Diversity

    Author Photo

    Quantitative comparison tools commonly used by companies in evaluating merger targets will allow law firms to assess lateral hire candidates in a demographically neutral manner, help remove bias from the hiring process and bring real diversity to the legal profession, says Thomas Latino at Florida State University.

  • El Salvador's Use Of Bitcoin Complicates US Commercial Law

    Author Photo

    El Salvador recently became the first country to recognize Bitcoin as currency, presenting significant implications for U.S. commercial law as the development will likely trigger the cryptocurrency to now fall within the definition of "money" under the Uniform Commercial Code, say Joe Carlasare and Eric Fogel at SmithAmundsen.

  • Why Legacy Insurance May Not Protect Adopters Of Bitcoin

    Author Photo

    Evidenced by El Salvador's adoption of the Bitcoin standard this week, there is an emerging need for insurance products to cover the risk of owning and holding the digital asset, as it may not fall into the protected categories in legacy insurance products, say attorneys at Mound Cotton.

  • Smaller Firms Need Employee Wellness Programs, Too

    Author Photo

    As we emerge from the pandemic, small and midsize firms — which offer an ideal setting for companywide connection — should follow in the footsteps of larger organizations and heed the American Bar Association’s recommendations by adopting well-being initiatives and appointing a chief wellness officer, says Janine Pollack at Calcaterra Pollack.

  • Stop Networking, Start Relationship Marketing

    Author Photo

    USA 500 Clubs' Joe Chatham offers four tips for lawyers to get started with relationship marketing — an approach to business development that prioritizes authentic connections — and explains why it may be more helpful than traditional networking post-pandemic.

  • What Attorneys Should Know About Fee Deferral

    Author Photo

    Milestone Consulting’s John Bair explores contingency-fee structuring considerations for attorneys, laying out the advantages — such as tax benefits and income control — as well as caveats and investment options.

  • Predictions On Pandemic's Lasting Impact On Legal Education

    Author Photo

    The pandemic accelerated the pace of technological change for legal education, and some of the changes to how law school courses are taught and on-campus interviews are conducted may be here to stay, says Leonard Baynes at the University of Houston.

  • 3 Approaches For Measuring Short Squeeze Trading Damages

    Author Photo

    In the ongoing multidistrict securities litigation over the impact of trading restrictions Robinhood imposed in response to January’s meme stock short squeeze, three proposed damages frameworks offer alternatives to the problematic approach of basing such estimates on lost trading opportunities, say consultants at Analytic Focus.

  • Lawyer Perfectionism Is A Disease We Can Control

    Author Photo

    The pursuit of perfection that is prevalent among lawyers can lead to depression, anxiety and other mental health impacts, but new attorneys and industry leaders alike can take four steps to treat this malady, says Liam Montgomery at Williams & Connolly.

  • IRS Summons Ruling Isn't A Total Loss For Investors

    Author Photo

    A California federal court’s recent order allowing an IRS information summons on cryptocurrency exchange Kraken paradoxically provides hope for investors concerned about their privacy by limiting the scope of the agency’s inquiry, says Joshua Smeltzer at Gray Reed.

  • 5 Tips To Help Your 2021 Summer Associates Succeed

    Author Photo

    Despite pandemic-related challenges this year, law firms can effectively train summer associates on writing and communicating — without investing more time than they ordinarily would, says Julie Schrager at Schiff Hardin.

  • Weighing Ability To Pay Criminal Fines Amid FCPA Crackdown

    Author Photo

    As Foreign Corrupt Practices Act enforcement is expected to increase under the Biden administration, companies facing scrutiny should assess the reasonableness of fines in the context of their capacity to continue operations, and the potential impacts of filing an inability-to-pay claim, say analysts at Charles River Associates.

  • Firms Should Use Surveys To Make Smart Legal Tech Choices

    Author Photo

    The utility of legal technology innovations may be limited without clear data and objectives from the outset, but targeted surveys can provide specific insights that enable law firms to adopt the most appropriate and efficient tech solutions, says Tim Scott at Frogslayer.

  • 9th Circ. Case Could Gut Section 11 Shareholder Protections

    Author Photo

    The Ninth Circuit’s pending decision in Pirani v. Slack — brought in the wake of the U.S. Securities and Exchange Commission’s recent rule changes allowing companies to circumvent the traditional initial public offering process — could upend shareholders’ primary recourse against companies that issue false and misleading statements, say John Browne and Lauren Ormsbee at Bernstein Litowitz.

  • Don't Forget Due Diligence In Race For Lateral Associate Hires

    Author Photo

    Amid high demand for associates and aggressive competition to attract talent, law firms should take three key steps to conduct meaningful prehire due diligence and safeguard against lateral hiring mistakes that can hurt their revenue and reputation, says Michael Ellenhorn at Decipher.

Want to publish in Law360?


Submit an idea
Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!