Capital Markets

  • July 30, 2026

    McDermott Adds Ex-Blackstone Exec For NY Funds Team

    A former Blackstone executive who started his legal career at Schulte Roth & Zabel LLP has returned to the revamped firm as a New York-based investment management partner.

  • July 30, 2026

    Coinbase Beats Bulk Of Users' Unregistered Securities Suit

    A Manhattan federal judge delivered a significant victory to Coinbase on Thursday with a split ruling that found the crypto exchange can't be held responsible as a "statutory seller" for the vast majority of transactions on its platform, though the proposed securities class action will continue over a smaller number of orders Coinbase fulfilled from its own inventory of tokens.

  • July 30, 2026

    3 Firms Steer NYSE Owner ICE's $6B MarketAxess Deal

    The parent company of the New York Stock Exchange announced Thursday it has agreed to acquire MarketAxess Holdings Inc., a trading platform for fixed-income markets, for $6 billion, in a deal steered by three law firms.

  • July 30, 2026

    Shell Revives Share Buybacks With $4.2B Plan

    Shell began a $4.2 billion share buyback program on Thursday, resuming its plan to reduce its share capital after ARC Resources shareholders approved the British energy giant's $13.6 billion acquisition of the Canadian company.

  • July 29, 2026

    9th Circ. Vacates Orrick Win In Stock Transfer Deal Dispute

    The Ninth Circuit on Wednesday reversed a lower court's finding that Orrick Herrington & Sutcliffe LLP can't be held liable in a battle over a stock transfer agreement gone awry, ruling that California law does allow a party to the transfer to pursue equitable indemnity in the case.

  • July 29, 2026

    CFTC Must 'Start Afresh' On Prediction Market Regs, States Say

    A group of 44 attorneys general warned the U.S. Commodity Futures Trading Commission to "start afresh" on its proposed rule for prediction markets or risk treading on state authority over gambling, while prediction market platforms backed the rule's plan to permit many sports-focused event contracts.

  • July 29, 2026

    CFTC Can't Halt Wis. Sports Contracts Crackdown

    A Wisconsin federal court on Wednesday rejected the Commodity Future Trading Commission's attempt to shield Kalshi and Crypto.com from the state's gambling laws during litigation, saying the court is not convinced sports event contracts are "swaps."

  • July 29, 2026

    Securities Class Actions To Watch: Mid-Year Report

    A trio of circuit court appeals tied to the class certification process in shareholder suits and a U.S. Supreme Court appeal that also touches on certification are among the cases that securities litigators are keeping an eye on in the second half of 2026.

  • July 29, 2026

    TaskUs Trims Claims From Coinbase Breach Suit

    A New York federal judge has trimmed claims from a suit alleging a Texas-based Coinbase vendor called TaskUs failed to protect the personal information of Coinbase customers from a bribery-fueled data compromise scheme involving TaskUs employees.

  • July 29, 2026

    Apple Accused Of Not Stopping Fake Wallet Apps' Crypto Theft

    Apple has been hit with a federal lawsuit in California over its alleged failure to warn consumers about fraudulent cryptocurrency wallet apps available on its App Store and the risk of cryptocurrency theft posed by those apps.

  • July 29, 2026

    Novo Faces Narrowed Investor Suit Over Obesity Drug Claims

    A New Jersey federal judge narrowed a proposed securities class action against Novo Nordisk, preserving claims that it misled investors about the CagriSema obesity drug's tolerability and a flexible protocol used in a clinical trial.

  • July 29, 2026

    King & Spalding Told To End 'Shenanigans' In Bid To Exit Case

    The individual defendants in a $300 million fraud lawsuit have accused King & Spalding LLP of appellate "shenanigans" while it seeks to exit the case due to an alleged ethics conflict, claiming the firm has falsely denied representing corporate clients despite an attorney's appearance suggesting otherwise.

  • July 29, 2026

    Allied Gold's $4B Zijin Sale Collapses Over Timing Hurdles

    Canadian gold producer Allied Gold said Wednesday that its roughly $4 billion planned sale to China's Zijin Gold International has been terminated, citing "no reasonable likelihood" of closing the deal by its drop-dead date. 

  • July 29, 2026

    DraftKings Offers Sports Bets In Barred States, Suit Alleges

    A proposed class action in Massachusetts federal court accuses DraftKings of conducting sports betting in states that outlaw it, through prediction markets that are accessible through the same app as its sportsbook and daily fantasy sports.

  • July 29, 2026

    NY Crypto Recovery Fraud Case Heads To Trial As Deal Falters

    Counsel for a cryptocurrency business owner told a New York state judge on Wednesday that plea negotiations had hit a wall over how much money the state wanted in exchange for a deal without time behind bars over an alleged $1.5 million fraud scheme.

  • July 28, 2026

    Fed's 'Skinny' Accounts Need Failure Safeguards, Critics Say

    As the Federal Reserve moves closer to giving fintech and crypto firms a direct on-ramp to its payment rails, critics inside and outside the banking industry say it needs a more robust off-ramp for those that get into trouble or fail.

  • July 28, 2026

    Activists Shift Focus To M&A, AI In Quieter Proxy Season

    A surge in mergers and acquisitions-focused activist campaigns in the first half of 2026 came as companies adjusted to the universal proxy regime and activists increasingly turned to artificial intelligence to identify targets, according to a Diligent Market Intelligence report released on Tuesday.

  • July 28, 2026

    How A Casino Analogy Helped Win A Short-Swing Profits Trial

    To win a first-of-its-kind securities trial over short-swing profits, attorneys at Freshfields LLP knew they needed to find the right analogy to showcase their argument, even if it meant comparing the case to a craps table at a casino.

  • July 28, 2026

    Calif. Warns SEC Against Preempting State REIT Registration

    California is urging the U.S. Securities and Exchange Commission not to adopt a proposal that could free certain real estate investment trusts and business development companies from registering with the states, saying it could leave retirees and the elderly vulnerable to fraud.

  • July 28, 2026

    3 Firms Steer Media-Focused SPAC's $200M IPO

    Special purpose acquisition company Catalyst Acquisition Corp., which plans to target traditional and digital media businesses, hit the public markets Tuesday after raising $200 million in its initial public offering steered by three law firms.

  • July 28, 2026

    DOJ Drops Charges In $722M 'BitClub' Crypto Ponzi Case

    The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.

  • July 28, 2026

    Simpson Thacher Stock Work Hurt 2 Companies, Jury Told

    The chief financial officer for an insurance company told a Florida jury Tuesday that a stock drop for Patriot National Inc. — which is suing Simpson Thacher & Bartlett LLP for malpractice for allegedly putting together a shoddy securities offering — dramatically affected his own business as well.

  • July 28, 2026

    Trader In BigLaw Deal-Tipping Scheme To Plead Guilty

    A Florida resident is set to plead guilty to his alleged role in a sweeping scheme to trade on insider information about impending acquisitions that was stolen from major law firms, according to a court filing Tuesday.

  • July 27, 2026

    Minn. Prediction Market Ban Gets Temporarily Blocked

    A Minnesota federal judge on Monday issued a temporary injunction blocking the state's first-of-its kind law banning prediction markets, ruling that the state likely overstepped its authority just days before the measure was set to take effect.

  • July 27, 2026

    NY AG Says States Must Have Power To Police Crypto, Ethics

    New York Attorney General Letitia James called on federal lawmakers Monday to amend a pending proposal to regulate crypto markets to give states more latitude to protect consumers, go after scammers and hold government officials like the president accountable for profiting from the industry.

Expert Analysis

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • Opinion

    Corporations Should Think Twice About Mandatory Arbitration

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    The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Navigating New Risks Amid Altered Foreign Issuer Landscape

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    The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

  • Opinion

    CFIUS Must Adapt To Current Foreign Investment Realities

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    To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • How Attorneys Can Navigate Shifts In Financing Landscape

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    Direct government investment in companies in strategic sectors is expected to continue this year, with legal practitioners facing increased demands to navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives, say attorneys at Skadden.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Takeaways From The DOJ Fraud Section's 2025 Year In Review

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    Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

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