Capital Markets

  • February 1, 2018

    Platinum Partners Judge Says He's 'Unlikely' To Split Trial

    The Brooklyn federal judge hearing the government’s fraud cases against hedge fund Platinum Partners told the seven men facing criminal charges on Thursday that he was "unlikely" to try them separately, raising the prospect that they may not face jurors until 2019.

  • February 1, 2018

    New Blockchain Body Will Help Guide Regulators, EU Says

    A new European Union body established to promote the use of blockchain technology will help guide policies for regulating its use in financial services and markets, senior EU officials said Thursday.

  • January 31, 2018

    Barclays, Citi Say Lehman Can't Issue New Preferred Stock

    Barclays Bank PLC and Citigroup have joined with Deutsche Bank AG in urging a New York bankruptcy court to prevent Lehman Brothers Holdings Inc. from issuing preferred stock to substitute the banks’ potentially more valuable interests in Lehman debt, saying the defunct firm’s Chapter 11 plan prohibits the move.

  • January 31, 2018

    Puerto Rico Bondholders Lose Bid To Force Debt Payments

    The federal judge presiding over Puerto Rico’s restructuring cases Tuesday told a group of commonwealth bondholders she doesn’t have the authority to force the island’s government to put hundreds of millions in special revenues toward paying off their notes.

  • January 31, 2018

    Oilfield Services Cos. Fill IPO Pipeline As Prices Rally

    A spate of private equity-backed oilfield services companies have priced or launched initial public offerings in the early weeks of 2018, taking advantage of rising oil prices that experts say are helping spur more public filings after a market slump last year discouraged IPOs.

  • January 31, 2018

    Treasury May Exhaust Cash By First Half Of March, CBO Says

    The U.S. Treasury Department could run out of cash by the first half of March because of an estimated drop in revenue of $15 billion per month as a result of the Republican-passed tax cuts, according to a Wednesday report from Congressional Budget Office.

  • January 31, 2018

    Deals Rumor Mill: CBS, Liberty Mutual, Avast Software

    The CBS Corp. board is reportedly discussing a potential merger with Viacom Inc. on Thursday, Liberty Mutual is shopping around its private equity and real estate stakes, and Avast Software has tapped banks for its London initial public offering.

  • January 31, 2018

    $70M Weed Cryptocurrency Offering Was Illegal, Suit Says

    ParagonCoin Inc., a cryptocurrency startup focused on the marijuana industry, was accused in a California federal lawsuit Tuesday of violating securities laws with a $70 million initial coin offering that wasn’t registered with authorities.

  • January 31, 2018

    Cryptocurrency Outlet Hit With TRO In Investor Action

    Cryptocurrency trading platform BitConnect has been slapped with a temporary restraining order by a Kentucky federal court after the investors suing the U.K.-based marketplace in a proposed class action said its owners might try to hide “money generated from the class” or “dump it into another scam.”

  • January 31, 2018

    US Bank Mortgage Trust Investors Denied Cert. In $2B Suit

    A Manhattan federal judge on Wednesday said that class certification is not appropriate for investors hoping to stick trustee U.S. Bank NA with the bill for $2 billion of financial crisis-era losses in 25 home mortgage trusts, finding that would-be members in large part bought in at a discount after the fact and were not injured.

  • January 30, 2018

    Investors Seek Class Cert. In Deutsche RMBS Trustee Suit

    Bond investors suing Deutsche Bank National Trust Co. over its handling of nearly five dozen residential mortgage-backed securities trusts originally worth a combined $85.8 billion have urged a New York federal judge to certify their case as a class action.

  • January 30, 2018

    Cannabis-Focused SPAC MTech Acquisition Prices $50M IPO

    MTech Acquisition Corp., a special purpose acquisition company seeking to acquire a business that services the cannabis industry, on Tuesday priced a $50 million initial public offering to fund its pursuit despite uncertainty over marijuana laws.

  • January 30, 2018

    Struggling Teva Pharmaceutical Plans To Raise $5B In Debt

    Generic pharmaceutical giant Teva Pharmaceutical Industries Limited, which is implementing a major cost-cutting campaign intended turn around its business performance, plans to raise $5 billion in new debt, according to a shelf registration statement filed Tuesday.

  • January 30, 2018

    Trading Co., Banks Seek End To Stock-Loan Antitrust Suit

    A trade processing firm and the brokers that invested in it asked a Manhattan federal judge on Friday to dismiss a case alleging they conspired to keep the stock-lending market inefficient by choking off business to potential competitors, saying the allegations do not add up.

  • January 30, 2018

    Mnuchin Urges Congress To Quickly Pass Bank Rule Relief

    Treasury Secretary Steven Mnuchin on Tuesday urged swift passage of legislation that would ease some bank regulations and said that taxpayers must be protected in any revamp of the U.S. housing finance system that includes a government guarantee for mortgages.

  • January 30, 2018

    Alston & Bird Nabs M&A Pros For Dallas, Atlanta Offices

    Alston & Bird LLP on Monday announced that it has expanded its corporate transactions practice with the hires of two experienced mergers and acquisitions attorneys who had roles in Amazon’s $13.7 billion purchase of Whole Foods and Harris Corp.’s $690 million sale of its tech business to Veritas.

  • January 29, 2018

    3 Banks To Pay Combined $47M In CFTC Spoofing Settlement

    Global banking giants Deutsche Bank, UBS and HSBC agreed to pay a combined $46.6 million Monday to settle separate civil allegations by U.S. commodities regulators that their traders engaged in an illegal practice known as spoofing in an effort to manipulate precious metals markets.

  • January 29, 2018

    Deutsche Bank Wins TRO In $48M Del. Battle Over Vik Debt

    Deutsche Bank won a temporary restraining order from the Delaware Chancery Court on Monday barring interests of Norwegian billionaire investor Alexander Vik from shuffling $48 million to an alleged shell company as part of a purported conspiracy to duck a $323 million judgment issued in 2010.

  • January 29, 2018

    AriseBank Hit With SEC Suit Over Initial Coin Offering

    The U.S. Securities and Exchange Commission has moved in to stop what has been touted as the largest initial coin offering ever launched, alleging in a complaint unsealed Monday in Texas federal court that the offering by Dallas-based AriseBank, which had a $1 billion goal, was illegal and fraudulent.

  • January 29, 2018

    Cryptocurrency Outlet Accused Of Fraud In 2nd Investor Suit

    The legal woes facing cryptocurrency marketplace BitConnect mounted Monday as the U.K.-registered lending and exchange platform was hit with a second class action complaint alleging it was a Ponzi scheme that cheated thousands of investors out of millions of dollars.

Expert Analysis

  • What To Expect From Blockchain In 2018

    Austin Mills

    Blockchain's growth next year is unlikely to match its 2017 growth, but 2018 may well be a much more impactful year in the blockchain and cryptocurrency space. Emerging themes and initiatives include smart contracts, state-backed cryptocurrencies and the maturation of the initial coin offering market, says Austin Mills, head of the blockchain and cryptocurrency group at Morris Manning & Martin LLP.

  • Hearing The Need For More Women’s Voices In The Courtroom

    Carrie Cohen

    For many female attorneys, the results revealed in the New York State Bar Association’s recently adopted report on female litigators in the courtroom were not encouraging but not terribly surprising. Each stakeholder in the litigation process — judges, law firms and corporate clients — should contribute toward increasing female voices in the courtroom, says Carrie Cohen of Morrison & Foerster LLP.

  • Roundup

    My Strangest Day In Court

    Logo

    Every seasoned litigator has his or her fair share of courtroom stories. Check out the strange experiences that captured reader interest in this popular 2017 series.

  • Bitcoin Futures: A Closer Look At CME's Contract Design

    Nicole Moran

    The CME Group created a bitcoin futures contract even though the U.S. regulatory infrastructure has not developed a uniform treatment of bitcoin, putting in place a structure that may provide some stability to a volatile market, say members of Cornerstone Research.

  • Stock Tickers, Trademarks And The Potential For Conflict

    Bruce Goldner

    Trademark conflict can arise if a company’s stock ticker symbol is confusingly similar to another company’s brand. The good news is that it is possible to avoid what could potentially become a costly and embarrassing roadblock, say Bruce Goldner of Skadden Arps Slate Meagher & Flom LLP and Lilybelle Davis.

  • How 2 Devices And 1 Domain Changed My Practice In 2017

    Paul Kiesel

    The question I ask about new technology is how can it improve the quality of my practice — and my life? This year, the iPhone X, the Apple Watch Series 3 and a .LAW domain have proven to be great investments, for professional and personal reasons, says attorney Paul Kiesel of Kiesel Law LLP.

  • Alternative Fees: My Experience At Bartlit Beck

    J.B. Heaton

    Bartlit Beck was a wonderful place to work for 18 years, and the lawyers there are not only excellent attorneys but also great people. That said, I can look analytically at the Bartlit Beck fee model and make some observations on its pros and cons, says J.B. Heaton, founder of investment analytics company Conjecture LLC.

  • Opinion

    Jurors Should Have An Active Role In Trials

    Judge Amos Mazzant III

    We tell jurors how important they are to the successful implementation of our judicial system, but oftentimes we don’t treat them with the reverence they deserve. U.S. District Judge Amos Mazzant III of the Eastern District of Texas, Lisa Blue of Baron and Blue, and Robert Hirschhorn of Cathy E. Bennett & Associates advocate three improvements to give jurors an active role in our civil and criminal jury trials.

  • SEC's Reversal On ALJs Could Affect Its Forum Choices

    Coates Lear

    In a sudden about-face, the U.S. Securities and Exchange Commission has ratified its administrative law judge appointments, seemingly resolving the constitutional issues surrounding its ALJs. This could mean that the SEC will resume filing litigated actions as administrative proceedings again, say attorneys with Squire Patton Boggs LLP.

  • Why Information Governance Is More Important Than Ever

    Linda Sharp

    It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.