Capital Markets

  • July 22, 2026

    Nadex Seeks To Shield OG Prediction Market Biz In Wash.

    North American Derivatives Exchange asked a Washington federal court Wednesday to protect its prediction market platform OG from potential enforcement action by the state, pointing to the state attorney general's lawsuit going after Kalshi for alleged violations of state gambling law.

  • July 22, 2026

    SEC To Pay Coinbase's Atty Fees In FOIA Suit Settlement

    The U.S. Securities and Exchange Commission said Wednesday that it will pay $150,000 in attorney fees and share its document retention policies to resolve a Coinbase-backed lawsuit seeking internal documents surrounding closed crypto investigations.

  • July 22, 2026

    Securities Class Action Deals On Target To Hit 6-Year High

    The value of class action settlements is on track to reach a six-year high of $4.4 billion, fueled in part by a handful of "mega settlements" and other high-dollar deals, a Cornerstone Research report released Wednesday said. 

  • July 22, 2026

    Sen. Warren Urges Watchdog Probe Of CFTC Staff Cuts

    U.S. Sen. Elizabeth Warren, D-Mass., on Wednesday urged the Government Accountability Office to investigate the impact of staffing cuts at the Commodity Futures Trading Commission, saying the reductions come as the CFTC faces increased responsibilities in overseeing prediction markets and implementing cryptocurrency market legislation.

  • July 22, 2026

    GOP Sens. Unveil Crypto Bill With New Gov't Ethics Provision

    U.S. Senate Republicans released an updated draft of a bill to regulate digital asset markets Wednesday that includes an ethics provision limiting President Donald Trump's and other officials' involvement with crypto, but a coalition of Democrats said the text "falls short" on several issues.

  • July 22, 2026

    Senior SEC Enforcer To Exit Agency After 16-Year Career

    A former acting enforcement head at the U.S. Securities and Exchange Commission will depart at the end of July after a 16-year career with the agency.

  • July 22, 2026

    NY Stablecoin Rule Update Advances Amid Genius Act Rollout

    New York's Department of Financial Services moved Wednesday to formally propose rules that would align its existing stablecoin oversight framework with federal standards, advancing a fresh draft following a so-called preproposal version released last month.

  • July 22, 2026

    Illinois Crypto Tax Unfairly Targets Traders, Suit Says

    Illinois' new tax on cryptocurrency, the first in the nation, discriminates against those who trade in crypto and is illegal, a trade group argued in a complaint in a state court.

  • July 22, 2026

    Co. Turned Away Simpson Thacher's Deal Meeting, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance services company waved off his attempt to present details to the board.

  • July 22, 2026

    5 Firms Steer Novagold, Paulson On $4.2B Donlin Gold Deal

    Novagold Resources Inc. and Paulson Advisers have agreed to a deal that will give Novagold full ownership of Donlin Gold LLC, the owner of Alaska's Donlin Gold project, and create a new parent company with an expected $4.2 billion equity value, with five law firms advising the companies.

  • July 22, 2026

    Latham, Hughes Hubbard Lead Nth Cycle's $585M SPAC Deal

    Critical mineral refiner Nth Cycle Inc., led by Latham & Watkins LLP, on Wednesday revealed plans to go public by merging with Hughes Hubbard & Reed LLP-led special purpose acquisition company Kensington Capital Acquisition Corp. VI in a $585 million deal.

  • July 22, 2026

    DOL Asset Manager Exemption Proposal Sent To White House

    The U.S. Department of Labor's employee benefits subagency transmitted a proposal affecting a popular exemption to strict prohibitions on many types of transactions involving federally regulated benefit plans to a White House office for review, teeing up the regulation for release.

  • July 22, 2026

    Paul Hastings, Sidley Guide Data-Center Co.'s $4B SPAC Deal

    Artificial intelligence infrastructure company TECfusions reached a $4 billion valuation in a Wednesday deal guided by Sidley Austin LLP and Paul Hastings LLP to go public using a blank check company.

  • July 21, 2026

    DC Circ. Orders SEC To Rethink FINRA Arbitration Challenge

    The U.S. Securities and Exchange Commission's "largely boilerplate" letter rejecting financial service company Thrivent's bid to challenge the Financial Industry Regulatory Authority's arbitration authority didn't offer enough explanation to secure it judicial deference, a D.C. Circuit panel ruled Tuesday.

  • July 21, 2026

    Saba Drops Suit Over BlackRock ESG Fund's Voting Bylaws

    Hedge fund Saba Capital Management has ended its suit claiming BlackRock Inc.'s environmental, social and corporate governance trust maintains illegal shareholder voting bylaws, a decision that comes about a month after the U.S. Supreme Court ruled against Saba in a related suit.

  • July 21, 2026

    Permira-Backed Fashion Shop Reformation Eyes $225M IPO

    Private equity-backed womenswear brand Reformation has unveiled terms for its planned initial public offering, expecting to raise around $225 million in an IPO steered by Skadden Arps Slate Meagher & Flom LLP and Latham & Watkins LLP.

  • July 21, 2026

    Tribes, Groups Back Iowa In Kalshi Sports Market Challenge

    Forty-one Indigenous groups, nations and the American Gaming Association are backing Iowa regulators in a challenge to stop the state from taking enforcement action against Kalshi's sports-events contracts, arguing that the prediction market "masks its wagers as derivatives contracts governed by the Commodity Exchange Act and Commodity Futures Trading Commission."

  • July 21, 2026

    Simpson Thacher Caused 'Chaos' With Deal, Jury Hears

    The former chief financial officer of Patriot National Inc. testified to a Florida jury on Tuesday that "chaos" broke loose as funds that Simpson Thacher helped steward for the insurance services company hit public markets and executives found out that its terms differed from their understanding of them.

  • July 21, 2026

    Ex-Justice Screened From Vik's $65M Deutsche Bank Suit

    Former Connecticut Supreme Court Chief Justice Richard A. Robinson has been screened from participating in billionaire Alexander Vik and his daughter's vexatious litigation and $65 million stock sale turnover lawsuit against Deutsche Bank, according to the financial institution's lawyers at Day Pitney LLP.

  • July 21, 2026

    Seyfarth Adds Ex-King & Spalding RE Pro In Charlotte

    Seyfarth Shaw LLP has hired former King & Spalding commercial real estate partner Christopher D. McCoy for a partner role in its Charlotte, North Carolina, office, the firm recently announced, with McCoy telling Law360 on Tuesday that "the choice was obvious in the end."

  • July 21, 2026

    Mintz Adds Baker Botts Venture Capital Ace In San Francisco

    Mintz Levin Cohn Ferris Glovsky and Popeo PC announced Tuesday that it has bolstered its venture capital and emerging companies practice with a San Francisco-based corporate partner who came aboard from Baker Botts LLP.

  • July 21, 2026

    Nintendo Seeks Game Over For Tariff Refund Class Suit

    A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration or tossed entirely, the company told a Seattle federal court.

  • July 21, 2026

    London Aims For Global Appeal With Continuous Trading

    The London Stock Exchange said Tuesday that it will allow worldwide investors to trade on its platform continuously from Monday to Friday to boost its appeal across global time zones.

  • July 20, 2026

    Auto Parts Co., Investors Ink $12.8M Deal In Merger Suit

    Automotive equipment manufacturer Holley has reached a $12.8 million settlement with investors who accused it of concealing declining business trends following a 2021 merger with a special purpose acquisition company.

  • July 20, 2026

    CFTC Has 'Lost Its Way' On Prediction Markets, Ex-Chair Says

    Former U.S. Commodity Futures Trading Commission Chair Timothy Massad said Monday that the agency has "lost its way" with a prediction market rule proposal that misinterprets the agency's mission and statutes to turn it into a national sports betting regulator.

Expert Analysis

  • Future Of Fed Independence Shaky After Justices' Ruling

    Author Photo

    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

    Author Photo

    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • CFIUS' Mandate Misses Foreign Risk In Project Subcontracts

    Author Photo

    Recent calls for the Committee on Foreign Investment in the United States to review equity transactions like the Paramount Skydance-Warner Bros. deal miss a consequential oversight gap — CFIUS' inability to review the subcontracting layer of U.S. infrastructure projects, says Thibaut Giret at Alstef Group.

  • AI Governance Tips For Avoiding Securities Suits

    Author Photo

    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

    Author Photo

    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

    Author Photo

    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

    Author Photo

    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Texas Business Court Rulings Show Deal Terms Paramount

    Author Photo

    As the courts within the Texas Business Court system have begun reaching the substantive merits of the cases before them, they are persuasively demonstrating they will not only enforce the terms of transactions as written, but will also embrace a holistic approach to complex transaction documentation interpretation, says Christopher Pace at Winston Taylor.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

    Author Photo

    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

    Author Photo

    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • New Va. Finance Laws Signal Consumer Protection Push

    Author Photo

    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • Opinion

    Exxon Shareholders Were Right To Save New Voting Program

    Author Photo

    Following Exxon shareholders’ recent vote that rejected a bid to dismantle the company’s new retail voting program, other companies should replicate it as a way to lower the friction for shareholders who already vote with the board to keep doing so without wrestling a ballot every spring, says J.W. Verret at the Antonin Scalia Law School.

  • Series

    Choral Singing Makes Me A Better Lawyer

    Author Photo

    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

    Author Photo

    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

    Author Photo

    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Capital Markets archive.