Capital Markets

  • July 09, 2026

    Coinbase CLO Grewal To Exit, Advise Company Through Oct.

    Coinbase Chief Legal Officer Paul Grewal, who led the cryptocurrency exchange through a prolonged, high-profile battle with U.S. regulators, will step down at the end of the month and be succeeded by the company's current vice president of legal, according to a securities filing late Thursday.

  • July 09, 2026

    Levona Pans Greenberg Traurig, Reed Smith Privilege Claims

    Levona Holdings has urged a New York federal judge to order Reed Smith LLP and Greenberg Traurig LLP to turn over privilege logs in discovery related to the company's motion for sanctions, saying there are "reasons to doubt" the firms' privilege claims.

  • July 08, 2026

    Meta Nears Ax Of Suits Over Pump-And-Dump Facebook Ads

    A California federal judge said Wednesday he's inclined to toss two proposed class actions alleging that Meta's AI tools enabled investment schemes advertised on Facebook, saying the litigation appears to be "on all fours" with a recent ruling in the same district finding such state claims are barred under federal securities law.

  • July 08, 2026

    Citi Should Be Shrinking, Not Shopping, Sen. Warren Says

    If Citigroup thinks now is a good time to expand its "financial empire" with a major acquisition, its already-mammoth size and past compliance troubles should make it think again, the top Democrat on the U.S. Senate Banking Committee told the bank on Wednesday.

  • July 08, 2026

    SEC's $1.5M Musk Deal OK'd Despite Court's 'Misgivings'

    Despite having "significant misgivings" about the U.S. Securities and Exchange Commission's $1.5 million settlement over Elon Musk's initial purchase of Twitter stock in 2022, a D.C. federal judge signed off on the parties' resolution Wednesday.

  • July 08, 2026

    AstraZeneca Employee Traded On Icosavax Deal, SEC Says

    The U.S. Securities and Exchange Commission on Wednesday accused a former AstraZeneca Pharmaceuticals LP employee of using nonpublic information to trade ahead of the company's $1.1 billion acquisition of vaccine design company Icosavax Inc., yielding approximately $10,000 in illicit gains.

  • July 08, 2026

    NY Kalshi Ruling Should Inform Conn. Cases, AG Says

    A New York federal judge's denial of Kalshi's push to block the state from regulating sports-related offerings on its prediction market platform should inform litigation the company and Coinbase have brought against Connecticut, the Connecticut Office of the Attorney General has said.

  • July 08, 2026

    Citadel Securities Drops Portofino Suit To Chase UK Judgment

    Citadel Securities has dropped its New York trade secrets lawsuit targeting a Swiss cryptocurrency trading firm launched by two ex-employees in order to focus on enforcing a roughly £6 million ($8 million) judgment it's already won in the dispute, according to documents filed Wednesday.

  • July 08, 2026

    AXT Beats Suit Over Subsidiary IPO Risk Disclosures For Now

    A California federal judge has tossed a suit alleging AXT Inc. and two of its executives misled investors about risks with a planned initial public offering of its Chinese subsidiary, finding the suit fails to plead adequately that the executives acted with knowledge of wrongdoing or that the alleged corrective disclosure caused AXT's stock price to drop.

  • July 08, 2026

    States Warn SEC Of Semiannual Reporting Fraud Concerns

    State securities regulators have joined investors and asset managers in urging the U.S. Securities and Exchange Commission not to adopt a semiannual reporting structure, arguing the move away from quarterly reporting by publicly traded companies could lead to more insider trading and accounting fraud.

  • July 08, 2026

    Lenders Left Out Of Serta Uptier Deal Win $400M In Ch. 11 Suit

    Creditors that were excluded from Serta Simmons' so-called uptier debt restructuring are entitled to $261 million in damages plus interest, a Texas bankruptcy court has found, ruling against lenders that participated in the 2020 transaction.

  • July 08, 2026

    Ohio Fuels Litigation Funding Debate As Foreign Ban Is Enacted

    Ohio has enacted a sweeping law that bans all foreign litigation funders from doing business in the Buckeye State, drawing praise from the U.S. Chamber of Commerce and outrage from the litigation finance industry.

  • July 08, 2026

    Sheppard Adds Transactional, IP Attys In Chicago And San Diego

    Sheppard announced Wednesday that the firm has added an experienced intellectual property attorney focused on life sciences as a San Diego area-based partner, a day after announcing the addition of two Chicago-based transactional partners.

  • July 08, 2026

    Day Pitney Can't Be Cut Off From New Counsel, Client Says

    A former Connecticut chief justice's ethics gaffe cannot preclude fellow lawyers at Day Pitney LLP from communicating with new counsel for John B. Clinton, a private equity management firm owner locked in a 13-year-old, $1.3 million corporate windup lawsuit, Clinton has urged a Connecticut state court judge to conclude.

  • July 08, 2026

    Kalshi Sends NY Prediction Market Ruling To 2nd Circ.

    Kalshi is challenging a New York federal court's decision to deny it an enforcement shield from the state's gaming laws, adding the Second Circuit to the list of appellate courts set to weigh in on the question of prediction market regulation.

  • July 07, 2026

    Kalshi Says Federal Law Bars Wash. 'Gambling' Clampdown

    Prediction market KalshiEX LLC urged a Washington state judge on Monday to reject state officials' effort to halt the company's operations under Washington gambling laws, arguing that federal law preempts the regulatory effort and that Washington has failed to show that the platform has caused meaningful harm.

  • July 07, 2026

    SEC's 2026 Agenda Eyes Exec Comp, Recordkeeping Reforms

    The U.S. Securities and Exchange Commission has issued a new rulemaking agenda that highlights its plans to reduce executive compensation disclosure requirements at publicly traded companies and possible changes to broker-dealer recordkeeping requirements, while both it and the U.S. Commodity Futures Trading Commission are exploring new cryptocurrency rulemaking.

  • July 07, 2026

    Trump Depo Needed In Fla. Merger Suit, Ex-SPAC CEO Says

    The former CEO of a special purpose acquisition company that helped take Truth Social public urged a Florida judge Tuesday to allow President Donald Trump's deposition, arguing it's necessary to defend against a claim that he was targeted in a conspiracy to sign a merger agreement without his knowledge. 

  • July 07, 2026

    Ex-SEC Filing Co. Staffer Gets 2 Years For Insider Trading

    A former staffer for a firm that helps companies with U.S. Securities and Exchange Commission filings on Tuesday was sentenced to over two years in prison for using confidential information pilfered from his employer to fuel an insider trading scheme with a colleague that netted nearly $2.4 million in illicit profits.

  • July 07, 2026

    White & Case Taps Two Disputes Partners From Broadfield

    White & Case LLP said Tuesday it has hired two Broadfield lawyers to join its Hong Kong office as partners in the firm's global litigation practice and global private capital industry group, saying they have broad experience in multi-jurisdictional matters and international arbitration disputes.

  • July 07, 2026

    SEC Names Agency Vets To Lead New Retail Fraud Group

    The U.S. Securities and Exchange Commission said Tuesday that it has launched a new working group that will expand the agency's efforts to identify fraud targeting retail investors, tapping two longtime agency officials to lead the effort.

  • July 07, 2026

    Sony Bank's Crypto Charter Bid Clears 1st OCC Hurdle

    Sony's online banking unit is a step closer to setting up a crypto-focused U.S. trust company with a preliminary conditional charter from the Office of the Comptroller of the Currency.

  • July 07, 2026

    Wrigley Heir, Cannabis Co. Beat $25M Securities Fraud Suit

    A Florida federal judge on Monday tossed a $25 million securities fraud case against William "Beau" Wrigley Jr., heir to the chewing gum fortune, and the cannabis company he used to run, finding that the allegations brought by investors fell outside the ambit of federal securities law.

  • July 07, 2026

    Kraken Seeks To Enforce $22M Award Over Scrapped Audit

    Cryptocurrency trading platform Kraken has asked the Delaware Chancery Court to enforce a $22 million arbitration award it won against Mazars US LLP after the auditor suddenly quit the 2022 audit it was conducting for Kraken as the digital assets company came under a federal regulatory investigation.

  • July 07, 2026

    Orrick-Led Nuclear Fuel Company Targets $356M IPO

    Standard Nuclear, which makes fuel for small modular reactors across the U.S., unveiled plans on Tuesday for an estimated $356 million initial public offering steered by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP.

Expert Analysis

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Coinbase Ruling Outlines Litigation Committee Conflict Risks

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    The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

  • When Tokenized Real-World Assets Collide With Real World

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    The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.

  • 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.

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