Capital Markets

  • May 04, 2026

    Trump-Backed Firm Says Crypto Exec Ran Smear Campaign

    Trump family-tied crypto firm World Liberty Financial LLC hit back at crypto billionaire Justin Sun with a defamation suit Monday, claiming he bet against a token he publicly hyped as part of an alleged short-and-distort scheme.

  • May 04, 2026

    Wells Fargo, Law Firm Sued Over Alleged Ponzi Scheme Ties

    Wells Fargo, a California law group and an Arizona investment advisory firm have been hit with a suit in a Texas federal court alleging they aided a purported Ponzi scheme over a purported oil-and-gas industry technology company.

  • May 04, 2026

    3 Firms Guide New Blackstone REIT In $1.8B IPO Target

    A Blackstone real estate investment trust focused on data centers aims to raise $1.8 billion in an upcoming initial public offering next week advised by Simpson Thacher & Bartlett LLP and Paul Hastings LLP.

  • May 04, 2026

    Musk Settles SEC Case Over Late Report Of Twitter Ownership

    The U.S. Securities and Exchange Commission agreed Monday to drop a lawsuit accusing Elon Musk of failing to timely disclose his buy up of Twitter shares ahead of a decision to take the company private, agreeing to a settlement through which a trust held by Musk will pay $1.5 million.

  • May 04, 2026

    SEC Investigating Private Credit Market Fraud, Atkins Says

    U.S. Securities and Exchange Commission Chairman Paul Atkins said Monday that the agency is investigating allegations of fraud in the private credit markets as default rates rise and investors are increasingly exiting the space.

  • May 04, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled a wide-ranging docket of deal disputes, advancement fights, stockholder suits and contract claims, with several matters turning on timing, forum limits and the remedies available when transactions or governance agreements break down.

  • May 04, 2026

    WilmerHale Adds SEC Veteran As Financial Services Partner

    WilmerHale has added a former U.S. Securities and Exchange Commission deputy director as a partner in its securities and financial services department, the firm announced on Monday.

  • May 01, 2026

    SEC Turns The Spotlight On Nasdaq Delisting Standards

    The U.S. Securities and Exchange Commission has pumped the brakes on a Nasdaq plan to more quickly shuffle low-value companies off its exchange, saying that public feedback has brought forth concerns that the proposal could open smaller companies up to market abuse and would deny their right to appeal an exchange decision against them.

  • May 01, 2026

    Senators Unveil Stablecoin Yield Compromise For Crypto Bill

    Two members of the Senate Banking Committee on Friday shared language governing interest and rewards payments on stablecoins that appears to resolve a key battle between banks and fintech companies stalling the Senate's progress on a bill to regulate crypto markets known as the Clarity Act.

  • May 01, 2026

    Biotech IPOs Surge Ahead As 2 Listings Raise $557M

    A pair of biotechnology firms began trading on Friday after raising a combined $557 million through upsized initial public offerings that both priced at the top of their proposed $16 to $18 ranges, marking the latest drug developers to join the IPO market in recent weeks.

  • May 01, 2026

    Citron Founder Slips False Statement Charge In Calif. Case

    A California federal judge has trimmed Citron Research founder Andrew Left's securities fraud case by throwing out one criminal count accusing him of making false statements to federal agents, finding the proper venue for the charge is in Florida where the statements allegedly were made.

  • May 01, 2026

    UBS Can't Escape $92M FINRA Award Over Tesla Stock Advice

    An Iowa district judge denied UBS Financial Services' bid to vacate an arbitration award granted by the Financial Industry Regulatory Authority Inc., telling the firm it must pay more than $23 million in compensatory damages and $69 million in punitive damages to several ex-UBS customers who said the firm advised them to short-sell electric car company Tesla Inc.'s stock.

  • May 01, 2026

    How Paul Clement Does It All

    For most lawyers, getting to argue before the U.S. Supreme Court is a once-in-a-lifetime event, but for a select few, it's a common occurrence. Clement & Murphy PLLC name partner Paul Clement is one of those lawyers. 

  • May 01, 2026

    Mortgage Giants Want Homeowners' Price-Fixing Suit Tossed

    A group of mortgage originators and several software companies told a Tennessee federal court that a proposed price-fixing class action should be tossed because the plaintiffs didn't plausibly allege that the originators used certain software for a nationwide price-fixing conspiracy involving residential mortgage rates.

  • May 01, 2026

    SEC's Corp. Governance Shift Puts Onus On States, Cos.

    Lawyers who work with clients on corporate governance matters had a warm response to a recent pledge from U.S. Securities and Exchange Commission Chairman Paul Atkins to let states handle such issues, saying the shift marks a return to the agency's historical approach and may spur increased activity among state regulators.

  • April 30, 2026

    NYSE Ready To Start Tokenized Securities Pilot Program

    The New York Stock Exchange on Thursday said it's ready to launch a pilot program trading tokenized securities, in a notice to the U.S. Securities and Exchange Commission.

  • April 30, 2026

    Prediction Market Policing Getting 1st Test In Maduro Bet Case

    The insider trading case against a U.S. Army sergeant who helped plan the capture of Venezuelan President Nicolás Maduro presents a compelling test for the statutory tools the government can use to police prediction markets, and it sends a message there's more to come, former prosecutors say.

  • April 30, 2026

    Glass Lewis, ISS File More Suits Over State Proxy Laws

    Proxy advisory firms Glass Lewis & Co. LLC and Institutional Shareholder Services Inc. have sued the state attorneys general of Indiana and Kansas over laws the firms say are unconstitutional and impose burdensome requirements for issuing recommendations that go against corporate managers' wishes.

  • April 30, 2026

    Senate Dems Press Lutnick On Stablecoin Co.'s Loan To Trust

    Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., on Thursday told Commerce Secretary Howard Lutnick and the CEO of El Salvador-based Tether that they want information about the stablecoin company's reported loan to a trust benefiting Lutnick's four children.

  • April 30, 2026

    Gemini Gets CFTC Sign-Off To Clear Derivatives

    The Winklevoss-led Gemini said Thursday that the U.S. Commodity Futures Trading Commission has granted the crypto firm a license to act as a clearinghouse for derivatives contracts, marking a step forward in the build-out of its prediction market offerings among other derivatives products.

  • April 30, 2026

    Ariz. Bank Hit With Fraud Suit Over Merger Terms

    A Chicago investment fund has accused an Arizona-based community bank of duping shareholders of an Illinois savings and loan company into approving the institutions' $90 million merger, saying the offering materials touted an unachievable payout for investors.

  • April 30, 2026

    11th Circ. Won't Review SEC's $1M Penny Stock Case Win

    The Eleventh Circuit on Thursday denied a request by Spartan Securities and other defendants to reconsider an earlier ruling upholding a $1 million disgorgement award in a penny stock fraud case brought by the U.S. Securities and Exchange Commission.

  • April 30, 2026

    Crypto Co. Fights Shkreli's Counterclaims In Album Case

    A cryptocurrency company suing "Pharma Bro" Martin Shkreli over ownership of a coveted Wu-Tang Clan album has asked a Brooklyn federal judge to dismiss his counterclaims, calling his claim seeking a declaration that he didn't steal trade secrets related to the album a "mirror image" of the company's claim saying he did.

  • April 30, 2026

    How Sullivan & Cromwell Won An $18B 'Bet The Country' Case

    It is not often that a Second Circuit ruling is hailed as "the greatest legal achievement in national history" by a country's president, but that's what happened after a team from Sullivan & Cromwell LLP persuaded the appellate panel to nix an $18 billion judgment against Argentina.

  • April 30, 2026

    Goodwin, Davis Polk Lead Avalyn's Upsized $300M IPO

    Biotechnology firm Avalyn Pharma Inc. began trading publicly Thursday after raising $300 million in an upsized initial public offering.

Expert Analysis

  • The Tricky Issues Underscoring Prediction Market Regulation

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    Prediction markets are not merely testing the boundaries of commodities law — they are challenging the conventional divisions between gambling regulation and financial market oversight, and in doing so, may reshape both, says Braeden Anderson at Gesmer Updegrove.

  • Opinion

    Supreme Court Term Limits Would Carry Hidden Risk

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    While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.

  • The SEC Whistleblower Program A Year Into 2nd Trump Admin

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    The U.S. Securities and Exchange Commission's whistleblower program continues to operate as designed, but its internal cadence, scrutiny of claims and operational structure reflect a period of recalibration, with precision mattering more than ever, say attorneys Scott Silver and David Chase.

  • Key Crypto Class Action Trends And Rulings In 2025

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    As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris.

  • How New SEC Policies Shift Shareholder Proposal Landscape

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent remarks provide a road map for public companies to exclude nonbinding shareholder proposals from proxy materials, which would disrupt the mechanism that has traditionally defined how shareholders and companies engage on governance matters, say attorneys at Gunderson.

  • Series

    Knitting Makes Me A Better Lawyer

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    Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.

  • Series

    The Biz Court Digest: Welcome To Miami

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    After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.

  • Recent Proposals May Spell Supervision Overhaul For Banks

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    A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.

  • What US Can Learn From Brazil's Securities Arbitration Model

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    To allay investor concerns about its recent approval of mandatory arbitration clauses in public company registration statements, the U.S. Securities and Exchange Commission should look to Brazil's securities arbitration model, which shows that clear rules and strong institutions can complement the goals of securities regulation, say arbiters at the B3 Arbitration Chamber.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

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    Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • How Bank-Fintech Partnerships Changed In 2025

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    The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.

  • 2 Early Settlement Alternatives In Federal Securities Litigation

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    Most class actions brought under the federal securities laws are either settled or won by the defendants following a motion to dismiss, but two alternative strategies have the potential to lower discovery costs and allow defendants to obtain judgment without the uncertainty of jury trials on complex matters, says Richard Zelichov at DLA Piper.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright

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    The recent denial of a challenge to invalidate 2024 amendments to the U.S. Securities and Exchange Commission's tick size and fee-cap rules reinforces the D.C. Circuit's deference to SEC expertise in market structure regulation, even after Loper Bright, though implementation of the rules remains uncertain, say attorneys at Sidley.

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