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Capital Markets
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November 17, 2025
Crypto.com Asks 9th Circ. To Shield Event Contracts In Nev.
Crypto.com is appealing to the Ninth Circuit a judge's decision to not restrain Nevada's gaming regulators from taking action against the company over its sports event contracts.
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November 17, 2025
Judge Pauses $3B Bond Enforcement Amid Citgo Auction
A New York federal judge has paused enforcement of nearly $3 billion in defaulted Venezuelan-issued bonds until a winning bidder for the country's most important seizable asset — the parent company of the oil giant Citgo — is chosen in parallel proceedings in Delaware.
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November 17, 2025
Citi Investors Can't Have New Shot At Suit Over $400M Fine
A New York federal judge has declined to revive a proposed securities fraud class action that accused Citigroup of concealing risk-management failures that led to a $400 million fine, ruling that investors' revamped complaint remains too thin to sustain the case.
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November 17, 2025
SEC To Review Compliance With New Data Breach Rule
The U.S. Securities and Exchange Commission announced Monday it will begin examining broker-dealers and investment advisers for compliance with a new rule requiring them to report data breaches to their customers.
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November 17, 2025
Illinois OKs LevelField's Deal To Launch Crypto-Focused Bank
LevelField Financial Inc. announced Monday that an Illinois regulator has given it the green light to acquire Burling Bank, furthering its plan to launch an insured bank that offers crypto services with the help of its acquisition counsel Hunton Andrews Kurth LLP.
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November 17, 2025
Origin Materials Investors Seek First OK For $9M Deal
Investors in sustainable materials maker Origin Materials Inc. have asked a California federal judge to grant the first green light to a $9 million deal in a class action that claims the company and its co-CEO failed to disclose a change in direction in the company's manufacturing plans and a delay in building a new plant.
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November 17, 2025
Disney Brass Fumbled Streaming Strategy, Investor Suit Says
Walt Disney Co. leaders, including longtime CEO Bob Iger, are facing a proposed shareholder derivative action alleging they mismanaged the launch of the Disney+ streaming service then concealed that an aggressive push for subscriber growth was made "at the expense of overall profitability."
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November 17, 2025
WilmerHale Taps SEC's Former Investment Management Exec
WilmerHale has hired a 24-year veteran of the U.S. Securities and Exchange Commission, who most recently was director of the agency's Division of Investment Management, to lead the firm's investment management practice.
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November 17, 2025
Kirkland-Led Satellite Firm York Space Systems Files IPO
Space and defense company York Space Systems on Monday filed plans to launch its initial public offering, a move that comes as the IPO pipeline is expected to gain more traction now that the historically long government shutdown has ended and U.S. Securities and Exchange Commission staff are back to work.
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November 17, 2025
MVP: Mayer Brown's Amanda Baker
Mayer Brown LLP's Amanda Baker advised DailyPay as it completed a $200 million asset-backed securitization of a system that allows employers to provide access to pay outside the traditional two-week cycle, earning her a spot as one of the 2025 Law360 Complex Financial Instruments MVPs.
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November 17, 2025
Mobix Sues SPAC Backers Over Alleged $30M Funding Failure
A California-based semiconductor-technology company has sued its former special purpose acquisition company sponsor, affiliated investment groups and their chief executive in the Delaware Chancery Court, accusing them of creating a scheme of false funding assurances that left the company undercapitalized when it entered the public markets in 2023.
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November 17, 2025
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court and Delaware Supreme Court last week had a dense slate of fiduciary duty battles, merger-process challenges, post-bankruptcy fights and a series of cases probing the limits of fraud pleading, credible-basis inspections and board-level disclosure duties.
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November 17, 2025
SEC Gives Cos. Freer Rein To Block Shareholder Proposals
The U.S. Securities and Exchange Commission announced Monday that it will not review most of the requests it gets from publicly traded companies hoping to exclude shareholder proposals from corporate ballots this proxy season, saying that it will not object to the exclusions due to time and resource constraints.
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November 14, 2025
Credit Suisse Bondholder Class Certified In Suit Over Collapse
A New York federal judge has granted certification to a class of Credit Suisse bondholders and named Pomerantz LLP as class counsel in a securities fraud suit alleging the bank concealed the impact of quarterly losses and its inability to retain clients leading up to its takeover by UBS AG.
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November 14, 2025
Stanford Credit Union Says Pig Butchering Scam Suit Misfires
Stanford Federal Credit Union has asked a federal judge to toss claims alleging it failed to reasonably investigate fraud allegations by a couple who claim they lost $600,000 in a so-called pig butchering investing scam, arguing the wire transfers are outside the Fair Credit Billing Act's scope.
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November 14, 2025
SEC Off-Channel Sweep Led To Recordkeeping Compliance
Despite Chairman Paul Atkins' criticism of the U.S. Securities and Exchange Commission's previous off-channel communications settlements, that Biden-era enforcement sweep has boosted firms' recordkeeping compliance efforts, and a lack of big-dollar penalties on the horizon hasn't erased the pressure to comply, experts say.
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November 14, 2025
Texas Judge Rejects Bid To Block Kenvue's $398M Dividend
Texas can't stop the makers of Tylenol from marketing the drug as safe for children and pregnant women or halt a nearly $400 million payment to shareholders, a state court ruled on Friday, rejecting arguments by Attorney General Ken Paxton's motion.
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November 14, 2025
FirstEnergy Investors Ask Again For 6th Circ. Clarification
A week after the Sixth Circuit declined to reconsider a ruling blocking FirstEnergy investors from accessing documents prepared by BigLaw firms investigating the company's $1 billion bribery scandal, investors have once again asked the court to clarify its decision, arguing that it is "premised on a clear error of fact."
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November 14, 2025
Texas Justices Wall Off Shareholder Claims Against 3rd Party
The Texas Supreme Court found that individual shareholders have no right to bring direct claims against an outside party that has an agreement with the shareholders' company, saying Friday that they instead must file suit on behalf of the company they hold ownership in.
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November 14, 2025
Crypto Firm Founder Gets 5 Years For $9.4M Fraud Scheme
An Oklahoma federal court has ordered the co-founder of a cryptocurrency investment firm to serve five years in prison and pay more than $1.1 million for his role in a fraud conspiracy that involved making false promises of returns to thousands of investors via social media posts.
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November 14, 2025
Chamber Asks Justices To Stop Calif. Climate Reporting Laws
Business groups challenging California laws that require large companies to publicly disclose their greenhouse gas emissions and climate-related financial risks have asked the U.S. Supreme Court to prohibit the state from enforcing the statutes during litigation in lower courts.
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November 14, 2025
Calif. Properties Off-Limits For Now In $300M Award Fight
A New York federal judge won't allow a group of companies to take over two multimillion-dollar Napa Valley, California, properties in their bid to enforce a more than $300 million arbitral award in their dispute with fellow shareholders of a Latin American telecommunications company.
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November 14, 2025
Bank Receiver's $28M Fraud Claims Survive Dismissal Bid
A receiver for a Puerto Rican bank has standing to pursue fraud claims against its owners and directors over what it describes as a $28 million fraud that led to the bank's collapse, a Florida federal judge ruled Friday.
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November 14, 2025
3 Firms Guide $746M Teamshares SPAC Merger
Brooklyn, New York-based Teamshares announced Friday that it will join the Nasdaq Composite through special purpose acquisition company Live Oak Acquisition Corp. V with a $746 million valuation.
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November 14, 2025
Mayer Brown Adds Longtime Hogan Lovells Private Credit Attys
Two attorneys who both spent more than a decade each with Hogan Lovells working on deals and complex financial transactions have moved their practices to Mayer Brown LLP's Washington, D.C., office, the firm has said.
Expert Analysis
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Class Actions At The Circuit Courts: November Lessons
In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses five recent rulings and identifies practice tips from cases involving claims related to oil and gas royalty payments, consumer fraud, life insurance, automobile insurance, and securities violations.
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E-Discovery Quarterly: Recent Rulings On Dynamic Databases
Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.
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Assessing The SEC's Changing Approach To NFT Regulation
Early U.S. Securities and Exchange Commission actions on nonfungible tokens pushed for broad regulation, but subsequent court decisions — including a recent California federal court ruling in Adonis Real v. Yuga Labs — and SEC commissioners' statements have narrowed the regulatory focus toward a more fact-specific approach, say attorneys at Wilson Elser.
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Where Crypto Mixing Enforcement Is Headed From Here
Recent developments involving crypto mixers, particularly the Tornado Cash verdict, demonstrate that the Justice Department's shift away from regulation by prosecution does not mean total immunity, rather reflecting an approach that prioritizes both innovation and accountability, says David Tarras at Tarras Defense.
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Why Foreign Cos. Should Prep For Increased SEC Oversight
With the recent trading suspensions of 10 foreign-based issuers listed on the Nasdaq, an enforcement action against a U.K. security-based swap dealer and the announcement of a cross-border task force, it's clear that the U.S. Securities and Exchange Commission will expand oversight on foreign companies participating in the U.S. capital markets, says Tejal Shah at Cooley.
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How Nasdaq, SEC Proposals May Transform Listing Standards
Both Nasdaq and the U.S. Securities and Exchange Commission have increasingly focused their recent regulatory efforts on small and foreign issuers, particularly those from China, reflecting an intention to strengthen the overall quality of companies accessing U.S. markets, but also potentially introducing a chilling effect on certain issuers, say attorneys at Norton Rose.
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Series
Building With Lego Makes Me A Better Lawyer
Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.
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How Banks Can Safely Handle Payments For Gambling Biz
As the betting market continues to expand, it's crucial for banks and fintechs to track historical developments in wagering and ongoing prediction markets litigation that can factor into a risk analysis for payment processing with respect to gambling operators, says Laura D'Angelo at Jones Walker.
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SEC Focused On Fraud As Actions Markedly Declined In 2025
The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.
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Series
Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.
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A Look At State AGs' Focus On Earned Wage Products
Earned wage products have emerged as a rapidly growing segment of the consumer finance market, but recent state enforcement actions against MoneyLion, DailyPay and EarnIn will likely have an effect on whether such products can continue operating under current business models, say attorneys at Quinn Emanuel.
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Digital Asset Treasury Trend Signals Wider Crypto Embrace
While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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How The SEC May Overhaul Its Order Protection Rule
Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.