Capital Markets

  • 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.

  • July 20, 2026

    Celsius' Goldstein Owes $2M, Banned From Crypto Trading

    The former chief technology officer of Celsius Network must pay more than $2 million to the Federal Trade Commission as part of a settlement alleging the company's leaders knowingly made false statements to customers before the platform went bankrupt, a New York federal judge has ordered.

  • July 20, 2026

    4th Circ. Overturns Class Cert. In Boeing Investor Case

    The Fourth Circuit on Monday reversed class certification granted in an investor lawsuit against Boeing over the company's alleged concealment of safety issues with its 737 Max fleet, finding that neither the plaintiffs nor the lower court met the standards for certification set in a 2013 Supreme Court ruling.

Expert Analysis

  • 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.

  • 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.

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