Capital Markets

  • November 24, 2025

    Justices Won't Hear Dispute Over So-Called Ch. 11 Double Dip

    The U.S. Supreme Court on Monday said it will not hear arguments on whether a Texas bankruptcy judge allowed unsecured creditors to double-dip on their recoveries when he handed them control of bankrupt oil driller Sanchez Energy.

  • November 21, 2025

    FINRA Fines Nomura $625K Over Short Selling Rule Breaches

    A broker-dealer unit of Japanese financial services company Nomura Group has agreed to pay $625,000 to end Financial Industry Regulatory Authority claims tied to its compliance with short-selling regulations.

  • November 21, 2025

    Florida Sues ISS, Glass Lewis Over ESG Advice

    The state of Florida is suing Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC, alleging that the proxy advisory firms are abusing their dominant place in the market by promoting ideological and environmental causes "at the expense of traditional metrics of financial growth."

  • November 21, 2025

    Kalshi-Type Cos. Flout Laws, Calif. Tribe Org. Tells CFTC Nom

    The California Nations Indian Gaming Association on Friday called on U.S. Commodity Futures Trading Commission head nominee Michael Selig to shut down sports events contracts on prediction platforms like Kalshi, saying platforms are "exploiting a regulatory vacuum" to violate federal, state and tribal laws and the commission's own regulations.

  • November 21, 2025

    Nextdoor Beats Investor Suit Over Post-SPAC Woes For Good

    A California federal judge has permanently dismissed a shareholder class action alleging hyperlocal social networking service Nextdoor Holdings Inc. misled investors about its projected profitability when combining with a special purpose acquisition company, finding the investors failed to cure issues from a previous complaint.

  • November 21, 2025

    3 Firms Guide American Healthcare REIT's Public Offering

    American Healthcare REIT Inc., guided by Sidley Austin LLP, announced a public offering for 8.1 million of its common stock shares, which are underwritten by Paul Hastings LLP-led RBC Capital Markets in a deal partially guided by Venable LLP, according to a U.S. Securities and Exchange Commission filing.

  • November 21, 2025

    Chancery Tosses Suit, $32.7M Bitcoin Co. Insurance Claim

    A bitcoin mining support venture on Friday lost a Delaware Court of Chancery suit seeking damages tied to allegations it was misled by an insurer's purported promises to pay out up to $32.7 million in customer returns on nearly $7 million in investments.

  • November 21, 2025

    Rusoro Accuses Gold Reserve Of Trying To Hinder Citgo Sale

    Rusoro Mining has accused Gold Reserve, a fellow creditor of Venezuela, of trying to undermine an auction process in Delaware federal court for Citgo Petroleum Corp.'s parent company "in any manner possible, and at any cost."

  • November 21, 2025

    Firm Wants Lender's Attys To Bear Blame In $16.2M Loan Suit

    Willinger Willinger & Bucci PLLC is responsible for any damages suffered by a New York lender that relied on falsified documents to approve a $16.2 million loan to the development arm of a Connecticut housing authority, Pullman & Comley LLC said in seeking to shift the blame away from itself.

  • November 21, 2025

    Bill Proposes Bitcoin Tax Payments To Build Crypto Reserve

    A House Republican introduced a bill that would allow Americans to pay federal taxes in bitcoin and direct the government to use all bitcoin tax payments to build the Strategic Bitcoin Reserve.

  • November 21, 2025

    DLA Piper Adds Fenwick Emerging Growth, VC Expert In LA

    DLA Piper is boosting its corporate team, bringing in a Fenwick & West LLP venture capital ace as a partner in its Los Angeles office.

  • November 21, 2025

    SPAC Veterans Back Infinite Eagle's Filing For $300M IPO

    Infinite Eagle Acquisition, the 10th blank check company led by Jeff Sagansky and Harry Sloan, has filed plans to raise up to $300 million in its initial public offering.

  • November 21, 2025

    Veolia Inks $3B US Waste Deal As Enviri Preps GC-Led Spinoff

    France's Veolia Environnement SA will buy Clean Earth from Philadelphia-based Enviri Corp. for $3.04 billion in cash, in a deal that will double Veolia's U.S. hazardous waste operations and create an Enviri spinoff headed by Enviri's general counsel, the companies said Friday.

  • November 21, 2025

    Full 6th Circ. Won't Rehear FirstEnergy Investors' Appeal

    The Sixth Circuit on Friday denied a request for a rehearing en banc of a ruling blocking FirstEnergy investors from accessing documents prepared by BigLaw firms investigating the company's $1 billion bribery scandal, after previously denying a panel rehearing and a motion for clarification on the ruling.

  • November 21, 2025

    SEC, Virtu To Settle Customer Data Suit For $2.5M

    Virtu Financial Inc. has agreed to pay the U.S. Securities and Exchange Commission $2.5 million for allegedly failing to safeguard customer information, according to a Friday proposed final order that would end the regulator's two-year-old suit against the broker-dealer.

  • November 21, 2025

    Hall Chadwick SPAC Begins Trading After $180M IPO

    Special purpose acquisition company Hall Chadwick Acquisition Corp. made its public debut on the Nasdaq on Friday after raising $180 million in its initial public offering built by three law firms, joining a wave of special purpose acquisition companies to go public in recent weeks.

  • November 20, 2025

    Starbucks Can't Dump Investors' 'Triple Shot' Strategy Suit

    Starbucks and its former CEO can't shed investor class action claims that the company harmed shareholders by concealing its struggles to implement a "reinvention plan," which came to light when the company disclosed that its sales were being harmed by longer waits for customized drinks in its U.S. stores and by fierce competition in China.

  • November 20, 2025

    Fed's Cook Says AI Could Either Steady Wall Street Or Rig It

    Federal Reserve Board Gov. Lisa Cook said Thursday that the use of artificial intelligence in algorithmic trading in financial markets has the potential to improve on current trading, but it also has the potential to create "risks that are difficult to monitor or mitigate."

  • November 20, 2025

    SEC's Uyeda Says ERISA Needs Litigation Reform To Curb Suits

    U.S. Securities and Exchange Commission member Mark Uyeda called for litigation reform Thursday aimed at stopping lawsuits filed under the Employee Retirement Income Security Act that he said discourage retirement plan fiduciaries from investing in the private markets.

  • November 20, 2025

    Crypto Orgs. Call On White House To Spur Agency Guidance

    A coalition of more than 65 crypto-focused organizations penned a letter to President Donald Trump asking the White House to encourage federal agencies to stop prosecuting developers of decentralized software, exempt decentralized projects from certain rules and clarify tax treatment.

  • November 20, 2025

    Trump's CFTC Pick Selig Advances To Senate Floor

    President Donald Trump's pick to lead the U.S. Commodity Futures Trading Commission will advance to the U.S. Senate floor after a Thursday agriculture committee vote on Michael Selig's nomination passed along party lines.

  • November 20, 2025

    Libra Buyers Push For Asset Freeze Over Alleged Fund Moves

    Buyers of the collapsed crypto project Libra who allege operators misled them into buying the token with the help of an endorsement from Argentine President Javier Milei are again asking a Manhattan federal judge to freeze proceeds from the asset sale to purportedly stop evidence destruction.

  • November 20, 2025

    Musk Lied About Tesla To Fund Twitter Buy, 9th Circ. Told

    Tesla shareholders urged the Ninth Circuit Thursday to revive their allegations that Elon Musk lied about the capabilities and safety record of Tesla's self-driving technology, saying the district court erred in finding no evidence of fraudulent intent since the billionaire clearly needed to boost Tesla's share price to buy Twitter.

  • November 20, 2025

    Hedge Fund Can Register $1.4B PDVSA Judgment In Delaware

    Affiliates of hedge fund Gramercy won permission Thursday to register New York judgments totaling more than $1.4 billion against Venezuela's state-owned oil company in Delaware, where a long-awaited auction of Venezuela's most significant seizable asset to satisfy creditors owed some $20 billion is drawing to a close.

  • November 20, 2025

    Big Beer, Bots And Billion-Dollar Bids Top Week's Rumors

    Private equity dealmaking and artificial intelligence investment continued to generate a steady flow of market chatter this past week, as reports pointed to fresh fundraising efforts, potential take-private bids, and early-stage talks across the technology, energy and consumer sectors.

Expert Analysis

  • Class Actions At The Circuit Courts: November Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses five recent rulings and identifies practice tips from cases involving claims related to oil and gas royalty payments, consumer fraud, life insurance, automobile insurance, and securities violations.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • Assessing The SEC's Changing Approach To NFT Regulation

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    Early U.S. Securities and Exchange Commission actions on nonfungible tokens pushed for broad regulation, but subsequent court decisions — including a recent California federal court ruling in Adonis Real v. Yuga Labs — and SEC commissioners' statements have narrowed the regulatory focus toward a more fact-specific approach, say attorneys at Wilson Elser.

  • Where Crypto Mixing Enforcement Is Headed From Here

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    Recent developments involving crypto mixers, particularly the Tornado Cash verdict, demonstrate that the Justice Department's shift away from regulation by prosecution does not mean total immunity, rather reflecting an approach that prioritizes both innovation and accountability, says David Tarras at Tarras Defense.

  • Why Foreign Cos. Should Prep For Increased SEC Oversight

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    With the recent trading suspensions of 10 foreign-based issuers listed on the Nasdaq, an enforcement action against a U.K. security-based swap dealer and the announcement of a cross-border task force, it's clear that the U.S. Securities and Exchange Commission will expand oversight on foreign companies participating in the U.S. capital markets, says Tejal Shah at Cooley.

  • How Nasdaq, SEC Proposals May Transform Listing Standards

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    Both Nasdaq and the U.S. Securities and Exchange Commission have increasingly focused their recent regulatory efforts on small and foreign issuers, particularly those from China, reflecting an intention to strengthen the overall quality of companies accessing U.S. markets, but also potentially introducing a chilling effect on certain issuers, say attorneys at Norton Rose.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • How Banks Can Safely Handle Payments For Gambling Biz

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    As the betting market continues to expand, it's crucial for banks and fintechs to track historical developments in wagering and ongoing prediction markets litigation that can factor into a risk analysis for payment processing with respect to gambling operators, says Laura D'Angelo at Jones Walker.

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

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    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • A Look At State AGs' Focus On Earned Wage Products

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    Earned wage products have emerged as a rapidly growing segment of the consumer finance market, but recent state enforcement actions against MoneyLion, DailyPay and EarnIn will likely have an effect on whether such products can continue operating under current business models, say attorneys at Quinn Emanuel.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • How The SEC May Overhaul Its Order Protection Rule

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    Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.

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