We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Capital Markets

  • 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    A New York federal judge on Monday rescinded her pre-Thanksgiving order that a former Wells Fargo trader be deposed in a putative investor class action accusing several big banks of rigging the foreign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.

  • November 21, 2018

    Deals Rumor Mill: Carlyle, Lumenis, Babytree Group

    Carlyle hopes to raise €1.3 billion for its fourth European technology fund, Xio Group plans to sell Israeli medical device maker Lumenis, and Alibaba-backed online parenting firm Babytree Group priced its initial public offering at the low end of its previously announced range.

  • November 20, 2018

    Revised Puerto Rico Sales Tax Plan Cleared For Creditor Vote

    A plan to restructure nearly $18 billion in debt carried by the Puerto Rico Sales Tax Corp., or COFINA, will go to a creditor vote, the judge presiding over the U.S. territory’s bankruptcy-like proceedings ruled Tuesday, putting the agency on track to confirm its debt adjustment scheme by mid-January.

  • November 20, 2018

    $25.8M Ordered Returned To Defrauded Chinese Investors

    A California federal judge ordered a group of companies and two individuals Monday to pay back a total of $25.8 million the U.S. Securities and Exchange Commission said they fraudulently raised from Chinese investors looking to get green cards through the EB-5 visa program.

Expert Analysis

  • Kavanaugh Cannot Be Compelled To Recuse Himself

    Donald Scarinci

    Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.

  • Knowledge Management: An Unsung Hero Of Legal Innovation

    Rob MacAdam

    As technology evolves, law firms are increasingly looking for ways to improve communication, transparency and service for their clients. Firms should put knowledge management at the core of their value proposition to create a competitive advantage, says Rob MacAdam at HighQ.

  • Identifying Investment Contracts, From Chinchillas To Crypto

    Rikard Lundberg

    Because of the broad reach of the Howey test, investment contracts can arise in essentially any circumstance. Three recent enforcement actions illustrate the pitfalls of failing to identify an investment venture as involving the sale of securities, say attorneys with Brownstein Hyatt Farber Schreck LLP.

  • Can Defrauded Crypto Investors Hope To Recover Anything?

    Brett Theisen

    While insolvencies and fraud in the cryptocurrency space will create many issues of first impression for the courts, some valuable lessons can be found in more traditional fraud cases, such as the Bernie Madoff Ponzi scheme, says Brett Theisen of Gibbons PC.

  • Opinion

    Skip The New 'Civility Courses' And Think Like A Lawyer

    Alex Dimitrief

    As we watch what passes for political discourse in our nation’s capital, it’s understandable that universities are launching programs on how to cope with ideological disputes. But our country needs fewer people who profess to be open-minded and more people who engage in and honor the conclusions of reasoned debates, says Alex Dimitrief of General Electric Co.

  • A New Normal In Commodity Derivatives Enforcement Actions

    Brian Daly

    The U.S. Commodity Futures Trading Commission last year outlined a new enforcement initiative that focused on cooperation with other state, federal and international authorities. The fruits of this initiative became evident in the last three weeks of the CFTC’s 2018 fiscal year, say Brian Daly and Jacob Preiserowicz of Schulte Roth & Zabel LLP.

  • Why Law Firms Should Monitor The Dark Web

    Anju Chopra

    Dark web monitoring allows law firms to see what sensitive information may have made its way onto the thriving global underground marketplace where cybercriminals buy and sell exposed data. It can also help lawyers advise clients on a wide range of legal and business matters, say Anju Chopra and Brian Lapidus of Kroll.

  • Does Rule 45 Protect Nonparties From Undue Burden?

    Matthew Hamilton

    Interpretations of Rule 45 protections vary but what's clear is that "undue burden" does not mean no burden at all. To avoid the costs of compliance with a subpoena, a nonparty should be ready to demonstrate its disinterest in the litigation and the anticipated cost and burden of compliance, say attorneys at Pepper Hamilton LLP.

  • Crypto Exchanges Could Be Next Regulatory Target

    Sarah Auchterlonie

    A recent report from the New York state attorney general's office indicates that regulators have expanded their focus beyond initial coin offering fraud and violations to the businesses behind post-ICO trading. Attorneys with Brownstein Hyatt Farber Schreck LLP offer six recommendations to virtual currency exchanges based on the report.

  • Trends In FINRA's 2018 Disciplinary Actions

    Brian Rubin

    According to recent Financial Industry Regulatory Authority reports, there was an increase in fines and a decrease in the number of disciplinary actions during the first half of 2018 compared to the same period in 2017. Regardless of how 2018 finishes, however, FINRA’s actions show that firms should consider concentrating on issues as classic as apple pie, say Brian Rubin and Adam Pollet of Eversheds Sutherland.