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Capital Markets

  • November 27, 2018

    Chinese Lender Investor Cries Foul Over Alleged IPO Lies

    A shareholder for Chinese peer-to-peer lender PPDAI Group Inc. launched a proposed class action in New York federal court Monday, alleging the company concealed predatory lending practices from prospective investors, ultimately resulting in significant losses in value for the company’s stock.

  • November 27, 2018

    Deals Rumor Mill: Bain, Goodnight Midstream, Meraas

    Bain Capital is mulling a deal for German lighting maker Osram Licht, Goodnight Midstream could either sell itself or go public, and Brookfield Asset Management is considering investing in Emirati real estate company Meraas.

  • November 27, 2018

    Ringleader In $18M Colo. Investment Scheme Gets 10 Years

    A Colorado man convicted of running a fraudulent investment scheme based on loans backed by collateralized mortgage obligations was sentenced to 10 years in prison on Tuesday and ordered to repay the $18 million he took from investors.

  • November 27, 2018

    4 Firms Guide PE-Backed Canada Goose's Secondary Offering

    Canada Goose Holdings Inc. on Monday filed plans for a secondary offering of 10 million shares that would enable stockholders to trim their stakes in the private equity-backed outerwear retailer and reap proceeds that could exceed $600 million, in a deal guided by four law firms.

  • November 26, 2018

    All Banks But Morgan Stanley Escape Aussie Benchmark Suit

    A New York federal judge on Monday dismissed the bulk of claims against all defendants except Morgan Stanley in a proposed class action against 15 major banks and two brokers for allegedly manipulating the price of derivatives based on an Australian benchmark interest rate.

  • November 26, 2018

    JPMorgan Settles Aussie Benchmark Fixing Suit For $7M

    JPMorgan will shell out $7 million to investors to exit a class action accusing several big banks of profiting at their expense from the manipulation of an Australian short-term interest benchmark known as the Bank Bill Swap Reference Rate, according to a motion filed in New York federal court.

  • November 26, 2018

    Latin American Blank-Check Co. Tops 2 IPOs Totaling $170M

    A Latin American blank-check company filed a $100 million initial public offering on Friday, while a health care-focused vehicle submitted a $70 million offering on Monday, adding to a steady pipeline of blank-check companies that are tapping public markets to pursue deals.

  • November 26, 2018

    Ex-Wells Fargo Trader's Depo In Rigging Suit Canceled

    A New York federal judge on Monday rescinded her pre-Thanksgiving order that a former Wells Fargo trader be deposed in a putative investor class action accusing several big banks of rigging the foreign exchange market, saying the investors should go to California federal court to compel his deposition.

  • November 26, 2018

    UK To Probe Nasdaq-Cinnober Deal's Effect On Competition

    Britain’s competition authority announced Friday it has opened an initial investigation into Nasdaq’s planned $190 million purchase of Cinnober Financial Technology, saying the proposed deal could substantially shrink competition in the U.K. market.

  • November 26, 2018

    JPMorgan, Citi Reach $182.5M Deal In Euribor Investor Suit

    Investors asked a New York federal judge on Wednesday for preliminary approval of a $182.5 million settlement that would drop JPMorgan Chase & Co. and Citigroup Inc. from claims that they, along with several other big banks, manipulated the Euro Interbank Offered Rate.

  • November 26, 2018

    15 Minutes With Perspecta's General Counsel

    Jim Gallagher became general counsel of the newly formed Perspecta Inc. the same June day that the publicly traded information technology service management company officially formed. Here, he explains the challenges he endures as the general counsel of a newly formed company and his advice for other lawyers who might one day be in a similar situation.

  • November 21, 2018

    Law360 MVP Awards Go To Top Attorneys From 71 Firms

    The elite slate of attorneys chosen as Law360’s 2018 MVPs have distinguished themselves from their peers by securing hard-earned successes in high-stakes litigation, complex global matters and record-breaking deals.

  • November 23, 2018

    2 Platinum Execs Helping Feds After Plea, Filing Reveals

    Two men who worked as executives at Platinum Partners have secretly pled guilty and are cooperating in the criminal fraud case against Platinum co-founder Mark Nordlicht and others, a court document has revealed.

  • November 21, 2018

    Toys R Us Creditors Challenge Releases In Ch. 11 Plan

    Toys R Us Inc.’s unsecured creditors committee has asked a Virginia bankruptcy judge to reject a Chapter 11 plan for a group of the toy chain’s subsidiaries, saying it shorts creditors by releasing possible legal claims against some of the entities.

  • November 21, 2018

    IHeartMedia Looks To Re-Up Ch. 11 Worker Bonus Plan

    IHeartMedia Inc. has asked a Texas bankruptcy court for authorization to continue performance incentive plans that could pay company employees up to $82 million in 2019 as the radio giant tries to reorganize under Chapter 11.

  • November 21, 2018

    Ex-Wells Fargo Forex Trader Can Be Deposed In Rigging Suit

    A former Wells Fargo trader will be deposed in a putative investor class action accusing several other big banks of rigging the foreign exchange market, despite the trader’s claims that he has no knowledge about the alleged activity at the heart of the suit, a New York federal judge ordered on Tuesday.

  • November 21, 2018

    Judge Asks For JPMorgan Response In Silver Trading Suit

    A New York federal judge Tuesday ordered JPMorgan Chase & Co. to provide its view of a request from traders accusing the bank of manipulating the silver futures market to re-depose three bank employees following a plea agreement and the government's bid to pause the case.

  • November 21, 2018

    Taiwanese Biotech Tops 3 IPOs Totaling $46M In Short Week

    A Taiwanese biotechnology company raised nearly $22 million after pricing a downsized U.S. initial public offering on Wednesday, represented by Cooley LLP and K&L Gates LLP, concluding an abbreviated Thanksgiving week that generated three small IPOs that raised $46 million total.

  • November 21, 2018

    Greenberg Traurig Leads 2 Blank-Check IPOs Totaling $300M

    A pair of blank-check companies guided by Greenberg Traurig LLP recently unveiled plans for initial public offerings, with each looking to raise $150 million to take over a yet-to-be determined business.

  • November 21, 2018

    US Bank Wants Out Of Trust Insurer’s Settlement Suit

    U.S. Bank National Association urged a New York federal court Tuesday to dismiss a suit over a “paltry” settlement the bank reached as trustee of mortgage-backed securities that were allegedly backed by bad Countrywide loans, saying any injury hinges on court approval of the deal.

Expert Analysis

  • A Closer Look At SEC's Whistleblower Proposals

     Matthew LaGarde

    Recently proposed amendments to the rules governing the U.S. Securities and Exchange Commission's whistleblower program represent a step back for the program. However, there are some elements that should encourage whistleblowers, says Matthew LaGarde of Katz Marshall & Banks.

  • How Technical Touchpoints Can Ensnare Foreign Crypto Cos.

    Deborah Meshulam

    Companies headquartered abroad may nonetheless be subject to U.S. securities laws because of their server locations and blockchain infrastructure. A California federal court's recent decision in Tezos provides useful guideposts, say attorneys with DLA Piper.

  • Breaking The Rules: 3 Ways To 'Lead' A Direct Examination

    Matthew Menchel

    Trial lawyers are frequently taught that they should appear invisible during direct examination — that their job is merely to prompt the witness to start speaking. But the most powerful direct examinations are the ones in which the examiner, not the witness, is controlling the pace, say attorneys with Kobre & Kim LLP.

  • Preparing For The New NFA Cryptocurrency Requirements

    J.P. Bruynes

    The Oct. 31 effective date for the National Futures Association's virtual currency disclosure requirements is fast approaching. It is important for NFA members to understand which disclosures are explicitly prescribed and not merely suggested, say J.P. Bruynes and Stephanie Bradford of Akin Gump Strauss Hauer & Feld LLP. 

  • Need Litigation Finance? Don't Skip These 5 Steps

    Molly Pease

    The process of applying for litigation financing isn’t difficult, but few do it right the first time. Following five steps in your application process will help make sure litigation funders are convinced of the value of your company's legal claims, says Molly Pease of Curiam Capital LLC.

  • Pros And Cons Of California’s New Corporate Blockchain Law

    Sara O’Connell

    A new California law will allow privately held companies to use blockchain technology for stock issuance and other corporate records. However, corporations should be cautious about moving into this relatively uncharted territory, say Sara O’Connell and Riaz Karamali of Pillsbury Winthrop Shaw Pittman LLP.

  • Crypto As Commodity, And The Bankruptcy Implications

    Joanne Lee Molinaro

    With the recent ruling in My Big Coin Pay that bitcoin and other cryptocurrencies are “commodities,” bankruptcy courts will likely have greater discretion regarding how to treat the valuation of cryptocurrencies in a variety of contexts, say Joanne Lee Molinaro and Susan Poll Klaessy of Foley & Lardner LLP.

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • Studying The Reactions To SEC's Whistleblower Proposals

    Kathleen Massey

    Earlier this year, the U.S. Securities and Exchange Commission proposed amendments to the rules governing its whistleblower incentive and protection program. Kathleen Massey of Dechert LLP examines the key issues raised by the public comments filed in response, and what to expect from the final rules.