Capital Markets

  • November 04, 2025

    2nd Circ. Hints Bankman-Fried's $11B Forfeiture Is Overkill

    The Second Circuit suggested Tuesday that the government's $11 billion forfeiture order against Sam Bankman-Fried may be unconstitutionally large, noting that the staggering amount tops the raft of cases tasking the court with determining if such money judgments pass Eighth Amendment muster.

  • November 04, 2025

    2 Firms Guide $800M Intuitive-Lanteris Spacecraft Deal

    Intuitive Machines Inc., a space technology and infrastructure services company, said Tuesday it has agreed to acquire Lanteris Space Systems from Advent International for $800 million in a deal steered by Simpson Thacher & Bartlett LLP and Weil Gotshal & Manges, respectively.

  • November 04, 2025

    Kirkland, Davis Polk Steer Aircraft Maker Beta's $1B IPO

    Electronic aircraft and propulsion system manufacturer Beta Technologies made its public debut on Tuesday after raising $1 billion in its upsized initial public offering, with Kirkland & Ellis LLP advising the company and Davis Polk & Wardwell LLP advising the underwriters.

  • November 03, 2025

    MIT Bros Rest, Expert Says $25M Crypto Score Was Aboveboard

    Two MIT-educated brothers accused of using an unlawful crypto trading strategy to steal $25 million from other traders on Monday rested their case without taking the stand, after a defense expert witness said they didn't violate any rules of the Ethereum blockchain.

  • November 03, 2025

    Judge OKs Board Member's Exit From Pot Co.'s 'Neobank' Suit

    An Oregon federal court has permanently ended all claims against one of the executives of defunct cannabis-focused neobank Left Coast Financial Solutions who was accused of mismanagement and failing to return nearly $127,000 in deposits made by a CBD distributor, with a magistrate judge admonishing the company for omitting facts to bolster its suit.

  • November 03, 2025

    BofA Says It's Fielding 'Fair Access' Regulatory Inquiries

    Bank of America Corp. has told investors it is facing government scrutiny tied to President Donald Trump's push to crack down on alleged political and religious discrimination by financial institutions.

  • November 03, 2025

    Feds Seek 5 Years For Samourai Wallet Crypto Mixer Operators

    Federal prosecutors are seeking 60 months imprisonment for each of the operators of crypto mixer Samourai Wallet, while the men both argued that their initial intention to build a legitimate privacy service favors more lenient treatment.

  • November 03, 2025

    2nd Circ. Denies Reed Smith Relief In Eletson Discovery Feud

    The Second Circuit has rejected a bid from Reed Smith to pause a lower court ruling ordering the new owner of international shipping company Eletson Holdings to turn over documents requested by competitor Levona Holdings Ltd, finding the law firm failed to make its case to hold off on granting access to the documents.

  • November 03, 2025

    IEX Blasts Citadel Securities' 'Campaign' To Block Exchange

    Investors Exchange LLC is pushing back against Citadel Securities LLC's attempt to stop it from going live with a new options exchange, telling the Eleventh Circuit that the high-frequency trading firm has run a decade-long "campaign to impede IEX and preserve its competitive advantages."

  • November 03, 2025

    Coinbase Reaches Settlement In Password Co. IP Dispute

    Coinbase has reached a settlement with password solutions company DynaPass Inc., ending the crypto exchange's suit over DynaPass' accusation that Coinbase infringed on a two-factor authentication method patented nearly 20 years ago.

  • November 03, 2025

    FINRA Fines Firm $10M Over Excessive Client Gifts

    The Financial Industry Regulatory Authority accused Illinois-based securities wholesaler First Trust Portfolios LP of repeatedly violating gift-giving rules to incentivize clients to sell its products, fining the firm $10 million for buying clients tickets to sporting events and concerts "that significantly exceeded FINRA limits."

  • November 03, 2025

    Investors Seek Class Cert. In Antitrust Suit Over Securities IDs

    Investment management firms urged a New York federal judge to certify their proposed class action against S&P Global and others over the use of identification numbers for financial instruments, arguing Monday there's common evidence showing the defendants maintained monopoly power through licensing terms.

  • November 03, 2025

    5 Firms Build Merger That Creates $7B Precious Metals Biz

    Metals producer Coeur Mining Inc. on Monday announced plans to acquire Canadian-focused intermediate mining company New Gold Inc. in a deal that boasts a total equity value of roughly $7 billion and was built by five law firms.

  • November 03, 2025

    StraightPath Stock Clients Got Paid, Not Duped, NY Jury Told

    Securities vendor StraightPath paid profit-hungry clients "a ton of money," counsel for one of its three founders told a Manhattan federal jury Monday, pushing back after prosecutors cited "overwhelming" evidence of fraud in an alleged $400 million "web of lies."

  • November 03, 2025

    MoFo Atty Brings Derivates Knowledge To Dentons As Partner

    Dentons has hired a former Morrison Foerster LLP of counsel who spent 17 years there advising banks, investment firms and hedge funds on a range of matters involving derivatives, swaps and hedging transactions, the firm announced Monday.

  • November 03, 2025

    Catching Up With Delaware's Chancery Court

    From billion-dollar pharma feuds to shifting equity deadlines, Delaware's courts saw another week of battles over mergers, fiduciary duty and judicial limits.

  • November 03, 2025

    Kirkland, Gibson Dunn Lead $12.8B SM Energy, Civitas Merger

    Independent energy company SM Energy, advised by Gibson Dunn & Crutcher LLP, and fellow energy company Civitas Resources, led by Kirkland & Ellis LLP, on Monday announced plans to merge in an all-stock deal that gives the combined company an enterprise value of $12.8 billion.

  • November 03, 2025

    Amazon, OpenAI Ink $38B Compute Infrastructure Deal

    Amazon Web Services said Monday it has entered into a seven-year, $38 billion strategic partnership with OpenAI to provide computing infrastructure that will run and scale the ChatGPT maker's core artificial intelligence workloads.

  • November 03, 2025

    4 Firms Guide $48.7B Kimberly-Clark Deal For Kenvue

    Huggies maker Kimberly-Clark Corp. announced Monday it will acquire Tylenol parent company Kenvue at an enterprise value of approximately $48.7 billion, with four firms steering the transaction. 

  • October 31, 2025

    Banking, Business Groups Call For Federal AI Regulations

    Business and banking industry groups are calling for federal legislation to preempt what they say is a patchwork of state and local regulations on artificial intelligence, throwing their support behind the Trump administration's policy blueprint for "winning the AI race."

  • October 31, 2025

    Twin Peaks Lender Says Developer Defaulted On $12M Loan

    A Florida franchisee group is suing a developer in state court over a $12 million loan to build two Twin Peaks restaurants in an EB-5 visa program, alleging the developer defaulted on the note and then told the IRS that it converted the loan into equity interest.  

  • October 31, 2025

    Citadel Securities Moves To Block New IEX Options Exchange

    Citadel Securities LLC is calling on the Eleventh Circuit to act quickly to stop a new options exchange from going live early next year, saying Friday the U.S. Securities and Exchange Commission blessed the exchange despite its unique structure threatening to disadvantage all other market participants.

  • October 31, 2025

    Binance Founder Demands Warren Retract 'Defamatory' Claim

    The recently pardoned founder of crypto exchange Binance is demanding Sen. Elizabeth Warren, D-Mass., retract alleged misstatements criticizing the president's decision to grant clemency following reported business ties between Binance and the Trump family.

  • October 31, 2025

    Aircraft Co. Investor Wants Vote Blocked On PE-Backed Merger

    A shareholder of aircraft lessor Air Lease Corp. has filed a lawsuit seeking to block an upcoming vote on the company's proposed merger with an Ireland-based holding company that he says will unfairly benefit the lessor's board members.

  • October 31, 2025

    SEC Extends Fee Cap Compliance Dates After DC Circ. Ruling

    The U.S. Securities and Exchange Commission on Friday extended the compliance deadlines for new rules that will cap the fees that exchanges can charge investors and allow exchanges to quote stock prices in half-penny increments after the D.C. Circuit rejected calls to overturn the rules.

Expert Analysis

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • State Crypto Regs Diverge As Federal Framework Dawns

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    Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't

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    As U.S. v. Peraire-Bueno, involving cryptocurrency fraud charges against brothers who graduated from the Massachusetts Institute of Technology, moves forward after surviving a motion to dismiss, the case provides an early example of how the government might use the federal fraud statutes to regulate decentralized networks, say attorneys at ArentFox Schiff.

  • 9th Circ. Finding That NFTs Are Goods Will Change TM Law

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    The Ninth Circuit's recent ruling in Yuga Labs v. Ripps establishes that NFTs have real, commercial value under U.S. federal trademark law, a new legal precedent that may significantly influence intellectual property enforcement and marketplace policies regarding digital assets going forward, say attorneys at Wilson Elser.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • 3 Rulings Show Hurdles To Proving Market Manipulation Fraud

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    Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • What FDIC's Asset Threshold Raise Would Mean For Banking

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    If the Federal Deposit Insurance Corp. goes through with its plan to raise asset thresholds that determine regulatory intensity, it could free billions in compliance costs and bolster regional and community banks, but risk of oversight gaps are making this a contested area in banking policy, says Jessica Groza at Kohr Jackson.

  • Patterns And Trends In Publicly Filed Insider Trading Policies

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    An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise.

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • Unpacking The BIS Guidance On Chinese AI Chip Use

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    In response to May guidance from the Bureau of Industry and Security, which indicates the agency considers a wide but somewhat unclear range of activities involving Chinese integrated circuits to be in violation of its General Prohibition 10, companies should consider adopting enhanced due diligence to determine how firm counterparties may be using the affected chips, says Peter Lichtenbaum at Covington.

  • How New Texas Law Targets ESG Proxy Advice

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    A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

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