Capital Markets

  • July 27, 2026

    Simpson Thacher Atty Says Patriot Nat'l Founder Sank Co.

    A Simpson Thacher & Bartlett LLP partner wrapped up her testimony Monday in a Florida state malpractice trial brought by the founder of Patriot National Inc., telling the jury that the founder was willing to forgo establishing a floor on the value of so-called Series B warrants, which he says contributed to the company's demise.

  • July 27, 2026

    Amex Bracing For Enforcement Action Amid AML Scrutiny

    American Express Co. may face regulatory fines over its anti-money-laundering compliance programs and has been working to "identify and remediate deficiencies" in them, according to its latest public investor disclosures.

  • July 27, 2026

    Paul Weiss Hires Ex-Ropes & Gray Capital Markets Partner

    Paul Weiss Rifkind Wharton & Garrison LLP said Monday it has hired a former partner at Ropes & Gray LLP as a partner in its capital markets group within the firm's corporate department.

  • July 27, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week tackled disputes involving restrictive covenants, corporate governance, trade secrets, real estate investments, receiverships, and books and records demands.

  • July 24, 2026

    Abbott Beats 'Supersized' Investor Suit Over Formula Recall

    An Illinois federal judge tossed a proposed securities class action accusing Abbott Laboratories of misleading shareholders about its safety practices ahead of the 2022 recall at its Sturgis, Michigan, infant formula plant, saying Friday that "despite its girth," the "supersized" complaint says "too much and too little," and still needs more information to be viable.

  • July 24, 2026

    CFTC Warns Platforms Against Broad Event Contract Filings

    The U.S. Commodity Futures Trading Commission on Friday told prediction market platforms that it won't wave through "broad, template" filings seeking to certify a variety of event contracts at once.

  • July 24, 2026

    Volkswagen Engineers Charged With Rivian Deal Inside Trades

    Two former Volkswagen engineers were arrested Friday following an indictment filed in New York federal court alleging they made more than $300,000 by trading securities using nonpublic information about the company's confidential plans with Rivian to create technology for both companies' electric vehicles.

  • July 24, 2026

    Upstart Gets OCC's Conditional Approval For Bank Charter

    Online lending platform Upstart has cleared a key initial hurdle at the Office of the Comptroller of the Currency in its bid to launch what it is calling the first national bank built with artificial intelligence-powered underwriting.

  • July 24, 2026

    Fannie, Freddie Investors' $612M Trial Win Affirmed

    The D.C. Circuit on Friday affirmed a $612 million jury verdict against the Federal Housing Finance Agency, Fannie Mae and Freddie Mac, agreeing with a lower court's finding that the jury was provided with "ample evidence" reasonably leading to its conclusion that FHFA improperly amended stock purchase agreements related to the companies.

  • July 24, 2026

    FINRA Report Signals Quicker, Clearer Enforcement Ahead

    The Financial Industry Regulatory Authority appears to be open to recent outside recommendations to update the enforcement process at the broker-dealer regulator, and experts tell Law360 the changes could offer firms more transparency, more opportunities for proactive defense and easier ways to receive cooperation credit.

  • July 24, 2026

    Traders Say Louis Dreyfus Can't Decert, Arbitrate Cotton Suit

    Cotton futures traders want a New York federal judge to keep their certified class action moving toward trial, arguing that Louis Dreyfus Commodities BV has no basis to force some class members into arbitration or to disqualify the named plaintiff and undo certification.

  • July 24, 2026

    Cornerstone, Old Republic Partly Settle $9.8M Coverage Suit

    A building products manufacturer has settled its coverage dispute with Old Republic Insurance Co., though its claims against Berkshire Hathaway Specialty Insurance Co., seeking $9.8 million in coverage for defense and settlement costs in other litigation, remain unresolved.

  • July 24, 2026

    Fenwick, Latham Lead Scribe Therapeutics' $129M IPO

    Early-stage biotechnology firm Scribe Therapeutics began trading publicly on Friday after raising $129 million in its upsized initial public offering steered by Fenwick & West LLP and Latham & Watkins LLP.

  • July 24, 2026

    Taxation With Representation: Kleinberg Kaplan, Baker Botts

    In this week's Taxation With Representation, Brookfield Asset Management acquires Aypa Power from funds managed by Blackstone Energy Transition Partners, Brookfield and Canada Pension Plan Investment Board buy LXP Industrial Trust, and Novagold Resources Inc. and Paulson Advisers LLC agree to give Novagold full ownership of Donlin Gold LLC.

  • July 24, 2026

    Kalshi Wants NY Sports Wagers Shielded As Deadline Nears

    Kalshi is asking the Second Circuit for an emergency order to safeguard its sports-related contracts from New York regulators, which have promised to hold off on any enforcement actions against the company only through July 30.

  • July 24, 2026

    CFTC Wants More Input On Energy Contracts, 24/7 Trading

    The U.S. Commodity Futures Trading Commission has extended the public comment period for its proposals on around-the-clock trading and perpetual contracts in the energy industry, offering additional questions for consideration following the regulator's "extensive conversations" with the industry.

  • July 23, 2026

    OCC Denies Wise Trust Charter Over Compliance Gaps

    The Office of the Comptroller of the Currency shared Thursday it has denied a national trust bank application from Wise US Inc. over concerns the money transfer fintech wouldn't meet compliance and anti-money laundering standards.

  • July 23, 2026

    10th Circ. Won't Undo Crypto Firm Founder's 5-Year Sentence

    The Tenth Circuit refused to alter a cryptocurrency investment firm co-founder's five-year prison sentence and obligation to pay over $174,000 in restitution to victims of a fraud scheme he orchestrated, writing the district court's sentencing and loss amount estimation was reasonable.

  • July 23, 2026

    3 Firms Guide Health Wellness Co.'s $650M SPAC Merger

    Health wellness company First Choice Healthcare Solutions announced that it has agreed to go public through a merger with special purpose acquisition company Western Acquisition Corp. in a $650 million deal built by three law firms.

  • July 23, 2026

    FINRA Fines Tastytrade Over Best Execution Rule Compliance

    Online brokerage platform operator Tastytrade will pay the Financial Industry Regulatory Authority $850,000 to end claims that it did not meet "best execution" standards when it failed to properly review the transaction quality of customers' equity orders.

  • July 23, 2026

    Del. Judge Voids Destiny Co-Founder's Ouster Scheme

    The Delaware Chancery Court ruled Thursday that Destiny XYZ Inc.'s controlling founder carried out an unfair scheme to squeeze his co-founder out of the company, restoring the minority founder's ownership stake and finding that the controller and two directors breached their fiduciary duties through a reverse-forward stock split designed to eliminate him.

  • July 23, 2026

    Logan Paul, YouTube Crypto Critic End Defamation Dispute

    Professional wrestler Logan Paul and the YouTube investigator who called his cryptocurrency project a scam say they've reached a deal to resolve Paul's defamation claims.

  • July 23, 2026

    British Bank Revolut Hits $115B Valuation, Plus More Rumors

    British digital bank Revolut's valuation soared to $115 billion, private equity giant BlackRock leads an at least $12 billion debt sale for Meta's new data center project, and Liverpool FC is in talks with investor Amit Bhatia over a potential stake sale that could value the club at $6 billion.

  • July 23, 2026

    Simpson Thacher Warned Co. About Deal Terms, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became detrimental to the insurance services company.

  • July 23, 2026

    NM Tribes Move To Block Kalshi Offerings On Native Land

    Four indigenous nations have asked a New Mexico federal judge to stop Kalshi from offering sports-related contracts on their lands, arguing that the prediction market giant is plainly violating laws that give the tribes sole authority over sports betting.

Expert Analysis

  • 5 Things Associates Must Ask About Their Firm's Merger Plan

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    The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.

  • 2 'Rocket Dockets' And The Rules That Propel Them

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    The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.

  • Opinion

    SEC Must Clarify Crypto Guidance For Investment Advisers

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    Until the U.S. Securities and Exchange Commission clarifies a conundrum created by recently issued guidance that classifies crypto tokens as digital commodities rather than securities, every registered investment adviser managing a digital commodity portfolio will be simultaneously compliant and exposed, says Nicole Trudeau at Wave Digital Assets.

  • What End Of SEC Settlement Gag Rule Means For Defendants

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    The U.S. Securities and Exchange Commission's recent rescinding of its gag rule prohibiting defendants from publicly denying allegations in settled SEC enforcement actions actually heightens the need to think strategically when negotiating resolutions and pursuing public denials of wrongdoing, say attorneys at Cleary.

  • Opinion

    Regulators Should Use Existing Tools To Jump-Start Crypto

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    The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trade Commission should use existing authority to quickly enable crypto trading, custody, clearing and settlement to reduce uncertainty and lay the groundwork for permanent crypto rules, says Lee Schneider at Ava Labs.

  • Your Next Litigation Hold Should Cover AI Chat Logs

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    The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.

  • How SEC, CFTC Proposal Would Ease Private Fund Reporting

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    While the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission’s recent proposal to streamline and lighten certain confidential reporting requirements could bring welcome changes for many private fund advisers, sponsors should consider important nuances of its potential impact, say attorneys at Simpson Thacher.

  • Finding Borrower Risk In The Private Credit Covenant Mix

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    Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower risk from the particular combination of financial metrics included in a loan's covenants, not just the number of covenants, say Christopher Armstrong at Stanford University, and Carlo Gallimberti and David Tsui at Analysis Group.

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

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    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • Treasury Proposal Maps Compliance Road For Stablecoins

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    Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter.

  • Adapting To AI-Driven Scrutiny Of Foreign Asset Disclosures

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    As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons.

  • Sizing Up The Rescheduling Hurdles Medical Pot Cos. Face

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    The Justice Department’s recent lowering of certain medical marijuana products to Schedule III means operators — particularly those simultaneously offering federally illegal adult-use cannabis — must implement greater structural discipline to navigate an increasingly fragmented legal landscape if they hope to benefit from new tax deductions and access to capital, say attorneys at Akerman.

  • Claiming The Narrative Before The SEC Files Charges

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    Following the U.S. Securities and Exchange Commission's recent rescission of its no-deny rule, Scott Schneider at FTI Consulting, a former U.S. Securities and Exchange Commission communications official, details when and how to publicly respond to news of a pending regulatory inquiry targeting your company.

  • Class Actions At The Circuit Courts: May Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four recent rulings from cases involving allegations of Title VII violations, the Employment Retirement Income Security Act, prison dental care violations and overcharging for PACER access.

  • 5 Rules In 10 Weeks: Inside Genius Act's Implementation Blitz

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    Regulators have proposed five Genius Act rules in a striking span of 10 weeks, building a stablecoin framework that, with the Office of the Comptroller of the Currency at its operational center, will shape oversight and force issuers, banks and fintechs to take action as deadlines approach, say attorneys at Cahill.

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