Capital Markets

  • July 15, 2026

    Circuit-By-Circuit Guide To The US Supreme Court's Term

    Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.

  • July 15, 2026

    Adani Denies $10B Offer Led To DOJ Dropping Case

    Indian billionaire Gautam Adani, the chairman of multinational conglomerate Adani Group, on Wednesday told a Brooklyn federal judge that his offer to invest $10 billion in the U.S. had nothing to do with a U.S. Department of Justice decision to drop criminal charges claiming he and others orchestrated a $250 million bribery to secure solar energy contracts and deceive investors.

  • July 15, 2026

    Starbucks Beats Investor Suit Over Ex-CEO's Biz Statements

    Starbucks Corp. has given a plausible "alternative explanation" for its former CEO's 2024 statements about the business that were deemed misleading by investors suing the company over its "Triple Shot" reinvention plan, a Washington federal judge said Wednesday.

  • July 15, 2026

    Ex-TD Bank Worker Gets 46 Mos. In Money Laundering Scheme

    A former TD Bank assistant store manager was sentenced Wednesday by a New Jersey federal judge to nearly four years in prison without parole for his role in a money laundering conspiracy that federal prosecutors claim illegally moved nearly half a billion dollars through the bank.

  • July 15, 2026

    Braveheart Bio, Attovia Join Growing Pipeline Of Biotech IPOs

    Two venture-backed biotechnology firms filed plans for initial public offerings this week, both with plans to raise around $100 million for their public debut.

  • July 15, 2026

    Fintech's New Brass Drained Company With Fees, Suit Says

    A financial technology and security firm led in part by the former CEO of Honeywell International faces an investor suit alleging he and others took control of the business and turned it into a "highly leveraged conglomerate" from which they profited by "extracting exorbitant management fees" at shareholders' expense.

  • July 15, 2026

    Settlement Reached In Trump Media SPAC Exec Hacking Suit

    A lawsuit accusing a Trump Media & Technology Group Corp. director and his associates of improperly accessing confidential files to help remove the former head of the special purpose acquisition company that merged with Trump Media has ended in a confidential settlement, according to a notice filed Tuesday in Florida federal court.

  • July 15, 2026

    Simpson Thacher Put Co. Out Of Business, Fla. Jury Told

    Simpson Thacher & Bartlett LLP put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida state jury Wednesday in opening arguments for trial in his suit alleging the law firm owes him more than $100 million.

  • July 15, 2026

    Dating App Investor Seeks Grindr Buyback Records In Del.

    A stockholder of the world's largest LGBTQ+ dating app has sued in Delaware Chancery Court to force Grindr Inc. to turn over books and records related to a share repurchase program that allegedly handed majority voting control to Chairman G. Raymond Zage III without requiring him to pay a control premium.

  • July 15, 2026

    SEC Seeks Summary Win In Alleged $56M Microcap Fraud

    The U.S. Securities and Exchange Commission is pressing for a summary judgment against the estate of a man it accuses of spearheading a $56 million microcap fraud scheme, but the man's widow says the agency moved too slowly to substitute her in as a defendant after her husband died.

  • July 14, 2026

    Fed 'Racing' To Hit Genius Act Rules Deadline, Warsh Says

    Federal Reserve Chair Kevin Warsh told lawmakers Tuesday that the central bank is "racing" to meet a looming deadline for drafting certain rules required by the Genius Act, the landmark stablecoin law that other federal regulators have already proposed regulations to implement.

  • July 14, 2026

    CFTC Tells Kalshi To Fulfill Mich. Trades Despite Court Order

    The U.S. Commodity Futures Trading Commission on Tuesday told KalshiEx LLC to fulfill open trades from Michigan residents despite a state judge's directive to unwind certain prediction market transactions, marking the agency's latest clash with states over event contract supervision.

  • July 14, 2026

    EV Maker, CEO Settle SEC Action Over Debt Offering Claims

    The U.S. Securities and Exchange Commission has reached a $709,000 settlement with an Ohio-based electric- and gas-powered vehicle manufacturer and its CEO to resolve claims that they made misleading statements portraying the company as being more successful than it actually was in connection with a $112 million convertible debt offering.

  • July 14, 2026

    Crypto Expert Gets $28M Bitcoin Arbitration Award Enforced

    A New York federal judge has enforced a $28 million arbitration award issued to a Malta-based cryptocurrency expert and his two companies following their dispute with a bitcoin mining server supplier they claim sent them faulty machinery.

  • July 14, 2026

    Pittsburgh Says Fire Truck Tie-Ups Drove Up Prices

    The city of Pittsburgh has filed antitrust claims against multiple fire equipment companies, alleging municipalities are paying more as a result of mergers and acquisitions that have concentrated most of the market under just two corporate umbrellas.

  • July 14, 2026

    Simpson Thacher Opens Dallas Shop, Adds Akin Team

    Simpson Thacher & Bartlett LLP announced Tuesday that it has officially opened in Dallas and that it has added to its rosters in Boston and New York with a corporate team from Akin Gump Strauss Hauer & Feld LLP.

  • July 14, 2026

    Conn. Judge Rejects Kalshi Bid To Cite CFTC's League Deals

    A Connecticut federal judge has rejected Kalshi's bid to consider the U.S. Commodity Futures Trading Commission's collaboration with Major League Baseball and other leagues within the company's suit against the state's efforts to crack down on prediction market platforms.

  • July 13, 2026

    Portofino Says Citadel Used Dismissal To Fuel Press Campaign

    Portofino Technologies has accused Citadel Securities of using its decision to drop its trade secrets lawsuit against the Swiss cryptocurrency trading firm as an opportunity to drum up bad press about Portofino, and papering over the fact that an $8 million judgment it won in the dispute is a "pyrrhic victory."

  • July 13, 2026

    SEC Asked To Reopen Reporting Proposal After Email 'Error'

    Better Markets is asking the U.S. Securities and Exchange Commission to reopen the comment period for its semiannual reporting proposal after the agency allegedly directed prospective commenters to an incorrect email address, but an agency spokesperson said Monday the email address listed on the proposal was working.

  • July 13, 2026

    SEC Says Crypto Service Agreement Is Investment Contract

    The U.S. Securities and Exchange Commission has asked a Texas federal judge to find that service agreements offered by two crypto mining fraudsters count as investment contracts, and thus securities, saying the court should grant judgment as a matter of law.

  • July 13, 2026

    Wahlberg-Backed Gym Co. Inks $10.5M Investor Settlement

    A fitness franchise associated with the actor Mark Wahlberg has agreed to pay $10.5 million to exit a class action accusing it of misleading investors about its growth potential ahead of its initial public offering, according to papers filed in a Texas federal court.

  • July 13, 2026

    Adani Must Swear No Deal Prompted DOJ Dismissal Bid

    Apparent concerns about a potential quid pro quo have prompted a New York federal judge to order Indian billionaire Gautam Adani to state in an affidavit whether he "promised" anything to the government in exchange for the U.S. Department of Justice moving to dismiss criminal charges against him.

  • July 13, 2026

    NC Co.'s $9.8M Indemnity Payment Not Covered, Insurers Say

    A building products manufacturer is not entitled to coverage after reimbursing its financial adviser $9.8 million for defense and settlement costs incurred in litigation over a take-private transaction, the company's excess directors and officers insurers told a North Carolina federal court.

  • July 13, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week handled disputes involving corporate control, post-closing competition, executive departures, arbitration awards and shareholder litigation.

  • July 13, 2026

    Strategics Dominated N. America Dealmaking In 1st Half Of '26

    Corporate buyers seized a record share of North American dealmaking in the first half of 2026, powering a surge in M&A volumes while private equity activity pulled back amid higher financing costs and valuation gaps, according to a Mergermarket report. 

Expert Analysis

  • Series

    Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • Crypto Trading App Statement Advances SEC's New Direction

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    While the U.S. Securities and Exchange Commission's staff statement from last week carving out an exemption from broker-dealer registration for crypto-trading apps isn't a formal or permanent rule, it's the clearest signal yet of a quickly emerging coherent regulatory framework for digital assets, says Stephen Aschettino at Fox Rothschild.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

  • Record Penalty Sets Stage For FinCEN Whistleblower Awards

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    The Financial Crimes Enforcement Network’s record $80 million penalty against Canaccord, together with the agency's recently proposed rule on whistleblower awards, signals an increasingly aggressive enforcement posture and illustrates the significant financial stakes associated with reporting violations, says Marlene Koury at Constantine Cannon.

  • 2nd Circ. Ruling Reinforces Securities Act Limits Post-Slack

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    The Second Circuit's recent decision to limit treatment of mandatory reverse splits as actionable sales in Knapp v. Barclays is narrow but important, offering issuers a stronger basis to challenge expansive Securities Act theories and reinforcing the post-Slack v. Pirani discipline of tracing, says Elisha Kobre at Sheppard.

  • A Data-Driven Guide For Navigating The 2026 Oil Price Shock

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    With the Iran war disrupting tanker traffic through the Strait of Hormuz, oil price volatility has soared, and this extreme price dislocation is likely to generate complex legal disputes — but companies can protect themselves by preserving every scrap of market data available, say Peter Niculescu and Leslie Rahl at Capital Market Risk Advisors.

  • How Banks Can React To Risks In FinCEN Whistleblower Rule

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    Financial institutions should reassess and, if necessary, strengthen existing policies, procedures and other frameworks related to whistleblowers and internal reporting in light of the Financial Crimes Enforcement Network's recent proposal to formalize a whistleblower award program, say attorneys at Arnold & Porter.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • Series

    Isshin-Ryu Karate Makes Me A Better Lawyer

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    My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

  • CFTC Chair's Speech Hints At Innovation-Friendly Policies

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    Remarks made by Commodity Futures Trading Commission Chair Michael Selig at the Futures Industry Association's conference last month provided the most comprehensive articulation of his regulatory agenda and signaled a shift in the CFTC's regulatory posture, including a rare focus on agency coordination and support for digital asset innovation, say attorneys at Willkie.

  • CFTC Actions Show Prediction Market Insider Trading Risks

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    It is a myth that insider trading law does not apply in prediction markets, as the U.S. Commodity Futures Trading Commission's recent enforcement actions illustrate that it has full authority to pursue such cases federally — and intends to, says attorney Gregg Goldfarb.

  • How Securities Litigation Risks Materialized In The 1st Quarter

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    The securities litigation landscape in 2026's first quarter was defined by higher filing frequency and increased litigation exposure with rising average settlement values, meaning issuers should maximize data-driven legal defenses early to disqualify alleged fraud-revealing stock drops, say Nessim Mezrahi and Stephen Sigrist at SAR.

  • 5 Takeaways From Capital Proposals For Community Banks

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    While much commentary has centered on how federal regulators' proposed capital overhaul would affect the biggest banks, there are several aspects that regional and community institutions should note too, including the potential benefits of the expanded risk-based approach and reduced capital requirements for mortgage origination, say attorneys at Covington.

  • 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.

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