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Capital Markets

  • June 1, 2018

    Deals Rumor Mill: PropNex, Pengxin, REPAY

    PropNex Realty Pte. reportedly wants to raise roughly $30 million in a domestic offering, Pengxin International Mining Co.’s talks to buy the Indonesian Martabe gold mine are in an advanced stage, and Corsair Capital is looking to sell Realtime Electronic Payments.

  • June 1, 2018

    Software Provider Adaptive Insights Launches $115M IPO

    Business planning software provider Adaptive Insights Inc. launched an estimated $115 million initial public offering on Friday, represented by Cooley LLP, adding to the wave of venture-backed technology firms going public this year.

  • June 1, 2018

    SEC Delays Action On NYSE Bid To Ease Blank Check Rules

    The U.S. Securities and Exchange Commission on Thursday postponed deciding on a New York Stock Exchange proposal to ease listing rules for blank check companies, which are increasingly popular vehicles that conduct initial public offerings strictly to fund acquisitions, saying it needs more time to consider the matter.

  • June 1, 2018

    Feds Want Platinum Exec's 'Bad Acts' Admitted In Fraud Trial

    Prosecutors have asked a New York federal judge to admit evidence of prior “bad acts” and financial manipulation at a fraud trial against executives of Platinum Partners LP, saying the information is likely to prove they acted intentionally by misrepresenting the value of certain assets held in the company’s investment funds.

  • June 1, 2018

    CYS Investor Sues To Halt $1.2B Two Harbors Deal

    A CYS Investments Inc. stockholder filed a putative class action Friday in Massachusetts federal court seeking to block a $1.2 billion sale of the real estate investment trust to Two Harbors Investment Corp., saying the companies hid details about the merger process from investors in violation of the Securities and Exchange Act.

  • June 1, 2018

    Euribor Requests 'Look Bad' In Hindsight, Ex-Trader Tells Jury

    A former Barclays banker accused of conspiring to manipulate a key interest rate told a London court on Friday that she “feels a bit stupid” for not questioning why traders asked her to help them influence rates that would benefit their trading positions.

  • May 31, 2018

    Unions Launch Bid To Dismantle Puerto Rico Fiscal Plan

    Three labor unions are suing the U.S. and Puerto Rican governments in an attempt to tear up the island’s federally imposed restructuring process, calling it an unconstitutional deprivation of rights that evokes the “badges and incidents of slavery.” 

  • May 31, 2018

    Trust Key To Keeping Whistleblower Complaints In-House

    Companies hoping to avoid U.S. Securities and Exchange Commission investigations by keeping whistleblower complaints in-house must develop a deep enough level of trust with employees that they believe their complaints will be heard and taken seriously and that they won’t face retaliation, legal experts say.

  • May 31, 2018

    FDIC, OCC Back Volcker Rule Reform Proposal

    The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency have signed off on the package of proposed changes to the Volcker rule that were unveiled earlier this week by the Federal Reserve.

  • May 31, 2018

    JPML Eyes Sending VIX Suits To Ill. Despite Judge Shortage

    The Judicial Panel on Multidistrict Litigation seemed unmoved Thursday by a request from investors alleging an unlawful manipulation of the Chicago Board Options Exchange's volatility index to consolidate similar suits in New York rather than Illinois given the number of bench vacancies on Chicago federal court.

  • May 31, 2018

    Nine West Creditors Seek Probe Of Sycamore's $2.2B Buyout

    Unsecured creditors of Nine West Holdings Inc. filed bankruptcy court papers asking to launch an investigation into Sycamore Partners' 2014 takeover of the women’s shoe and apparel company, suggesting the $2.2 billion transaction may have enriched the private equity firm at the debtors’ expense.

  • May 31, 2018

    1 Firm Leaps Ahead In May As IPO Market Gathers Steam

    Latham & Watkins LLP steered eight initial public offerings in May, when counting representation of issuers and underwriters, more than any other firm in what was the busiest month for deals since January, and the pace shows no signs of softening in June.

  • May 31, 2018

    Deals Rumor Mill: Uber, Abraaj, European Medical Center

    Warren Buffett reportedly tried to invest $3 billion in Uber, Colony NorthStar has abandoned talks to buy a large stake in Emirati private equity firm Abraaj’s fund management unit, and European Medical Center is getting ready for a potential stock market listing.

  • May 31, 2018

    Blockchain Startup Paxos Wraps Up $65M Financing Round

    New York-based financial technology firm Paxos has capped off a round of fundraising intended to expand its operations at $65 million, the company announced Thursday, saying its total capital has now climbed to $93 million.

  • May 31, 2018

    Navillus Ch. 11 Plan Hinges On $176M Appeal In Union Fight

    Construction heavyweight Navillus Tile Inc. has unveiled a Chapter 11 restructuring plan premised almost entirely on winning a pending appeal in the Second Circuit, as the contractor seeks to fend off $176 million in union claims tied to the disastrous district court ruling that pushed Navillus into bankruptcy in the first place.

  • May 31, 2018

    Forex Dealer Knocks CFTC’s Call For $103M In Fraud Suit

    An Illinois man who went to prison and forfeited several million dollars for a fraudulent foreign exchange trading scheme panned an attempt Wednesday by the U.S. Commodity Futures Trading Commission to pile on an extra $103 million in disgorgement and penalties in a related civil suit, telling an Alabama federal judge the calculations are flawed.

  • May 30, 2018

    Fed Rolls Out Proposed Changes To Volcker Rule

    Banks could get some relief from the Volcker rule under a package of proposals unveiled by the Federal Reserve on Wednesday, kicking off the next phase of an interagency effort to pare back a key set of post-crisis restrictions on bank risk-taking that critics warn could threaten financial stability.

  • May 30, 2018

    3 Firms Accused Of Misconduct In Billable Hours Probe

    A special master appointed in a billing probe found misconduct on the part of the attorneys who led a $300 million class action settlement with State Street Corp. and recommended that a significant chunk of a $75 million fee award be returned, according to details revealed during a contentious hearing Wednesday in a Massachusetts courtroom.

  • May 30, 2018

    Relativity Media Lender Seeks To Dispel Ch. 11 Concerns

    The joint venture seeking to take over Relativity Media LLC sought Wednesday to assuage any fears that the bankrupt film studio’s Chapter 11 case is being run without consideration for other creditors, promising to engage openly with other parties and continue providing funding for the beleaguered company.

  • May 30, 2018

    Investors Spar For Lead In Mass. Bioscience Class Action

    One investor backed by Glancy Prongay & Murray LLP is competing with another represented by Levi & Korsinsky LLP in separate bids filed in Massachusetts federal court Tuesday to be named lead plaintiff in a proposed class action accusing a bioscience company of withholding information about the toxicity of its signature muscular dystrophy treatment ahead of its initial public offering.

Expert Analysis

  • How Companies Can Foster Internal Whistleblowing

    Gary Giampetruzzi

    Despite the powerful incentives to engage in external whistleblowing after Digital Realty, companies should know that their compliance programs can contribute in meaningful ways to whether employees decide to report possible misconduct internally or to the U.S. Securities and Exchange Commission, say attorneys with Paul Hastings LLP.

  • Best Practices For Building A Better Meeting

    Nicholas Cheolas

    How can we improve meetings in the legal industry, which tends to evolve with the speed of a tranquilized water buffalo mired in quicksand? Breaking it down to three phases can yield significant benefits, says Nicholas Cheolas of Zelle LLP.

  • 5 Ways Law Firms Are Becoming More Like Hotels

    Bella Schiro

    One way law firms differentiate themselves from the competition to attract and retain top talent is through their real estate and workplace strategies. Taking a lead from the hospitality industry can help create a more inviting, welcoming and collaborative workspace environment, says Bella Schiro of Jones Lang LaSalle Inc.

  • Opinion

    Gorsuch's 1st Year Shows He Is A Conservative Activist

    Elliot Mincberg

    In his first year on the U.S. Supreme Court, Justice Neil Gorsuch has proven to be a narrow-minded elitist who consistently votes in favor of corporations and the powerful, acting to roll back protections for workers, consumers, LGBTQ individuals and other marginalized communities, says Elliot Mincberg of People for the American Way.

  • A Primer On Valuing Cryptocurrencies

    Simona Mola

    Not all cryptocurrencies are created equal from an economic standpoint, and understanding their differences has crucial implications on their valuation, say economists Simona Mola and An Wang of Bates White LLC.

  • Trump Tariffs May Violate Investment Treaty Protections

    Javier Rubinstein

    Foreign companies affected by the America First tariffs should consider the extent to which such tariffs may violate their rights under applicable investment treaties or free trade agreements, and thus may provide them with recourse in international arbitration for the harm they have suffered, say Javier Rubinstein and Lauren Friedman of Kirkland & Ellis LLP.

  • Regulators' Jurisdictional Overreach In Crypto Enforcement

    Jason Gottlieb

    The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission both claim jurisdictional authority over cryptocurrency, yet no new legislation has been passed and very few court decisions have addressed the issue of who, if anyone, has regulatory authority, say attorneys with Morrison Cohen LLP.

  • Finance-Savvy Millennials Are Shifting Business Of Law

    Michael Perlich

    The impact of millennials has already been felt within the legal community by our eagerness to embrace new technologies. One way that we will have potentially even more impact lies in our willingness to embrace new ways of developing business and financing law, says Michael Perich of Burford Capital LLC.

  • Mass. Crackdown Reflects Increased State Regulation Of ICOs

    Christopher Conniff

    The top securities regulator in Massachusetts recently issued consent orders halting five initial coin offerings, reminding virtual currency market participants that they must be mindful of state regulators as well. This “sweep” is likely only the tip of the iceberg for ICOs in Massachusetts and in other states, say attorneys with Ropes & Gray LLP.

  • Opinion

    Attorney-Client Privilege Is Alive And Well

    Genie Harrison

    The FBI raid of the office of President Donald Trump’s personal lawyer set off a firestorm of controversy about the sanctity of the attorney-client privilege, epitomized by Trump's tweet that the "privilege is dead." But attorney-client privilege is never taken lightly — I have battle scars from the times I have sought crime-fraud exceptions, says Genie Harrison of the Genie Harrison Law Firm.