Capital Markets

  • April 22, 2025

    Deutsche Bank Appeals Conn. Asset Price Suit Loss

    Deutsche Bank AG has asked a Connecticut appeals court to hear its case against Norwegian billionaire Alexander Vik and his daughter Caroline after a lower court ruled that it cannot relitigate its claims that the Viks purposely devalued certain assets to avoid paying a $243 million debt.

  • April 22, 2025

    Court Appoints Monitor In SEC's $1B PE Fraud Case

    A Florida federal judge has appointed a founding partner of a Florida law firm to serve as a monitor in the U.S. Securities and Exchange Commission's suit against a private equity firm it says defrauded investors in a $1 billion fund focused on real estate and small business funding.

  • April 22, 2025

    JPMorgan Fined $650K Over Regulation M Reporting Failures

    The Financial Industry Regulatory Authority and several stock exchanges, including Nasdaq and some New York Stock Exchange entities, teamed up to fine JPMorgan $650,000 for failing to file hundreds of required reports under Regulation M, which makes it unlawful for brokers to trade on certain securities during a restricted period.

  • April 22, 2025

    Del. Justices Order Matterport CEO Cash-Out Recalculation

    Delaware's Supreme Court reversed and ordered a recalculation Tuesday for a $79 million Court of Chancery ruling on additional damages and interest due a former CEO of 3D building imaging company Matterport Inc. who challenged his $80 million cash-out in a 2021 go-public sale.

  • April 22, 2025

    Nuclear Startup To Go Public Through $475M SPAC Deal

    Nuclear startup Terra Innovatum said Tuesday it plans to go public at a valuation of $475 million by merging with special purpose acquisition company GSR III Acquisition Corp., joining several industry peers to go public through a SPAC deal.

  • April 22, 2025

    Morgan Lewis Hires Ex-CFTC General Counsel

    Robert A. Schwartz, the former general counsel of the U.S. Commodity Futures Trading Commission, has joined Morgan Lewis & Bockius LLP as a partner in its investment management practice, the firm announced Tuesday.

  • April 21, 2025

    Contrarian Unit's $3.7B Citgo Bid Gets OK Despite Objections

    A Delaware federal judge on Monday approved a Contrarian Capital Management affiliate's floor-setting $3.699 billion bid for Citgo's parent company, adopting the recommendation of a special master despite resistance from other bidders.

  • April 21, 2025

    Google Gets 'Fail-Safe' AI Copyright Class Axed, For Now

    A California federal judge on Monday struck a proposed class definition in a consolidated action brought by artists and authors claiming Google infringed their copyrights to train artificial intelligence models, saying the plaintiffs have proposed an improper "fail-safe" class but may try again with an amended definition.

  • April 21, 2025

    Binance Crypto Suit Sent To Florida To Avoid Duplication

    A Washington federal judge on Monday transferred to Florida a proposed class action over Binance's alleged role in laundering stolen cryptocurrency, finding that the case heavily overlapped with a lawsuit filed earlier in the Sunshine State that was sent to arbitration.

  • April 21, 2025

    Trump Media Exec Seeks Penalties In 'Frivolous' Hacking Suit

    A board director for President Donald Trump's social media company and his associate urged a Florida federal court to impose sanctions in a "frivolous" lawsuit alleging they hacked a cloud server to steal documents used to oust the former CEO, saying their accusers can't show what information was allegedly taken.

  • April 21, 2025

    NJ Says KalshiEx Can't Rebrand Bets To Dodge Gambling Law

    New Jersey regulators fired back at KalshiEx LLC's challenge to the state's block of the platform's sports event contracts, arguing the firm can't sidestep registration under the state's gambling laws "just by offering sports wagers in a different format."

  • April 21, 2025

    Crypto Cos. Sued Over 'Covert' Meme Coin 'Pump-And-Dump'

    A proposed securities class action in New York federal court is accusing a crypto platform, a venture capital firm and their executives of a "covertly orchestrated" scheme to pump and dump a token affiliated with a newly launched meme coin exchange.

  • April 21, 2025

    YouTube's 'Nelk Boys' Want Suit Over NFTs Tossed

    A pair of influencers behind the YouTube channel "Nelk Boys" asked a California federal judge to toss a lawsuit brought by a buyer of their crypto product who claimed the promised benefits never materialized, arguing the complaint does not show the defendants made any claims that have not or will not be fulfilled.

  • April 21, 2025

    3 Firms Guide Brazilian Energy Producer's $155M SPAC Deal

    Brazilian oil refiner PX Energy on Monday agreed to merge with special purpose acquisition company Papaya Growth Opportunity Corp. I in a deal that will take PX public in the United States at an estimated $155 million value, guided by three law firms.

  • April 21, 2025

    Squire Patton Adds Ex-Polsinelli Ace As Private Credit Head

    Squire Patton Boggs LLP has added the former head of Polsinelli PC's private credit and cross-border finance practice as its new global head of private credit and direct lending, the firm announced Monday.

  • April 21, 2025

    CMOC Buying Lumina Gold For $420M

    China's CMOC Group Ltd. has agreed to acquire Vancouver-based Lumina Gold Corp. in an all-cash deal valued at CA$581 million ($420 million), Lumina said Monday, as the miner looks to expand its gold portfolio in Latin America.

  • April 21, 2025

    SafeMoon CEO Can't Ax Fraud Case Ahead Of Trial

    A Brooklyn federal judge denied an effort from the former CEO of crypto firm SafeMoon to dismiss his fraud case, saying a jury should assess his arguments that the case lacks sufficient ties to the U.S. and that SafeMoon's marquee coin was not a security.

  • April 18, 2025

    FDIC Eases Big Banks' 'Living Will' Requirements

    The Federal Deposit Insurance Corp. moved Friday to spare large banks from certain requirements for what should go into the next version of their so-called living wills, saying it wants to put more emphasis on planning for quicker, potentially weekend sales of failing banks.

  • April 18, 2025

    Gamestop CEO Can't Stop Bed Bath & Beyond Trading Suit

    A Manhattan federal judge trimmed a $47 million lawsuit from the bankrupt retailer once known as Bed Bath & Beyond accusing GameStop's CEO of insider trading before the housewares giant went belly-up, but says "ample" public information would have told the businessman he had enough stock to be a corporate insider.

  • April 18, 2025

    JPMorgan, BofA Face GOP Pressure Over Chinese Co.'s IPO

    The chair of a China-focused U.S. House committee has urged Bank of America and JPMorgan Chase & Co. not to underwrite a Hong Kong initial public offering of Contemporary Amperex Technology Co. Ltd. over concerns the Chinese electric car battery maker is affiliated with the Chinese military.

  • April 18, 2025

    Ore. AG Sues Coinbase In Bid To Fill 'Enforcement Vacuum'

    Oregon's attorney general on Friday sued crypto exchange Coinbase and called on states to fill the "enforcement vacuum left by federal regulators" like the U.S. Securities and Exchange Commission, which have dropped cases under the Trump administration.

  • April 18, 2025

    Celsius Founder Asks For A Year And A Day For Crypto Fraud

    Celsius founder Alex Mashinsky urged a New York federal judge to reject the probation office's recommended 15-year prison sentence for lying that the fallen $25 billion crypto-lender's tokens were safe, arguing he's always had "genuinely good intentions" and should serve at most one year plus a day behind bars.

  • April 18, 2025

    CFTC Details Violation Materiality After Cooperation Guidance

    Divisions of the U.S. Commodity Futures Trading Commission have offered details on their materiality standards for assessing supervision and noncompliance issues, following February guidance on how much money regulated entities can expect to save for cooperating with agency investigations.

  • April 18, 2025

    How Manatt Beat A Crypto Trader's 'Code As Law' Defense

    After a crypto user exploited a software bug to create millions of dollars' worth of new tokens from a blockchain network, a Manatt Phelps & Phillips LLP team defeated his claim to the tokens — and won an award worth millions — by showing that faulty code can't stand in for rule of law.

  • April 18, 2025

    Feds Seek Up To 6 Years For Ex-Bank GC's $7.4M Theft

    A former general counsel for a Webster Bank predecessor should serve between 51 and 71 months behind bars and pay full restitution after admitting he spent eight years embezzling $7.4 million, federal prosecutors argue.

Expert Analysis

  • Series

    Group Running Makes Me A Better Lawyer

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    The combination of physical fitness and community connection derived from running with a group of business leaders has, among other things, helped me to stay grounded, improve my communication skills, and develop a deeper empathy for clients and colleagues, says Jessica Shpall Rosen at Greenwald Doherty.

  • Strategies For Home Equity Investment Providers In 2025

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    The home equity investment product market is thriving even amid consumer concerns, regulatory scrutiny and conflicting court decisions, setting the stage for a promising but challenging environment for providers in 2025, say attorneys at Sheppard Mullin.

  • Opinion

    6 Changes I Would Make If I Ran A Law School

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    Reuben Guttman at Guttman Buschner identifies several key issues plaguing law schools and discusses potential solutions, such as opting out of the rankings game and mandating courses in basic writing skills.

  • Implications Of NY Climate Case For Generating Facilities

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    Regardless of how Greenidge Generation LLC v. New York Department of Environmental Conservation develops on remand, this decision has immediate repercussions for generating facilities seeking permit applications and renewals in New York, likely involving Climate Leadership and Community Protection Act considerations, say attorneys at Hodgson Russ.

  • Using Data To Inform Corporate Disclosure Decisions

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    With today’s market volatility and regulatory factors requiring public companies to confront competing transparency and protection demands, incorporating stock price reaction analysis of company-specific news into the controller's role could be beneficial for disclosure determinations, say Liz Dunshee at Fredrikson & Byron and Nessim Mezrahi at SAR.

  • Firms Still Have The Edge In Lateral Hiring, But Buyer Beware

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    Partner mobility data suggests that the third quarter of this year continued to be a buyer’s market, with the average candidate demanding less compensation for a larger book of business — but moving into the fourth quarter, firms should slow down their hiring process to minimize risks, say officers at Decipher Investigative Intelligence.

  • Risk Disclosure Issue Remains After Justices Nix Meta Case

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    After full briefing and argument, the U.S. Supreme Court recently dismissed Facebook v. Amalgamated Bank as improvidently granted, leaving courts with the tricky endeavor of determining when the failure to disclose a past event in an Item 105 risk disclosure is materially misleading, say attorneys at Lowenstein Sandler.

  • Think Like A Lawyer: 1 Type Of Case Complexity Stands Out

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    In contrast to some cases that appear complex due to voluminous evidence or esoteric subject matter, a different kind of complexity involves tangled legal and factual questions, each with a range of possible outcomes, which require a “sliding scale” approach instead of syllogistic reasoning, says Luke Andrews at Poole Huffman.

  • FTX Exec's Sentencing Shows Pros And Cons Of Cooperation

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    The sentencing of former FTX tech deputy Gary Wang, whose cooperation netted him a rare outcome of no prison time, offers critical takeaways for attorneys and clients navigating the burgeoning world of crypto-related prosecutions, says Andrew Meck at Whiteford.

  • SEC Custody Rule Creates Crypto Compliance Conundrum

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    While the U.S. Securities and Exchange Commission's application of the custody rule may be a good faith attempt to enhance consumer protections for client assets, it doesn't appreciate the unique characteristics of crypto-assets, forcing advisers to choose between pursuing their clients' objectives and complying with the rule, say attorneys at Willkie.

  • Think Like A Lawyer: Note 3 Simple Types Of Legal Complexity

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    Cases can appear complex for several reasons — due to the number of issues, the volume of factual and evidentiary sources, and the sophistication of those sources — but the same basic technique can help lawyers tame their arguments into a simple and persuasive message, says Luke Andrews at Poole Huffman.

  • Series

    Gardening Makes Me A Better Lawyer

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    Beyond its practical and therapeutic benefits, gardening has bolstered important attributes that also apply to my litigation practice, including persistence, patience, grit and authenticity, says Christopher Viceconte at Gibbons.

  • Federal Embrace Of Crypto Regs Won't Lower State Hurdles

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    Even if the incoming presidential administration and next Congress focus on creating clearer federal regulatory frameworks for the cryptocurrency sector, companies bringing digital asset products and services to the market will still face significant state-level barriers, say attorneys at Mayer Brown.

  • SEC Prioritized Enforcement Sweeps As Cases Slowed In '24

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    Following three consecutive years of increasing activity, fiscal year 2024 marked the lowest number of cases the U.S. Securities and Exchange Commission has brought since Gary Gensler assumed office in April 2021, buttressed by some familiar enforcement sweeps, say attorneys at Covington.

  • Equitable Mootness Insights From Greenlit Ch. 11 Plan Appeal

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    A Texas federal court recently allowed a challenge to ConvergeOne's Chapter 11 bankruptcy plan to proceed because it wouldn't disrupt the IT company's confirmed plan or harm creditors, reinforcing the importance of judicial restraint in applying equitable mootness where limited relief is possible, say attorneys at Parkins & Rubio.

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