Capital Markets

  • April 23, 2025

    Ex-SEC Counsel Joins Blockchain Co. Plume Network As GC

    Plume Network, a blockchain project focused on real-world assets like gold, mineral interests and private credit funds, has hired a former senior special counsel at the U.S. Securities and Exchange Commission as its general counsel, the project announced Wednesday.

  • April 23, 2025

    Citron Research Founder Can't Escape SEC Fraud Suit

    The founder of trading advice website Citron Research and his investment advisory firm cannot escape the U.S. Securities and Exchange Commission's suit alleging they raked in $20 million by manipulating trading prices, a California federal judge ruled Tuesday, saying the complaint adequately alleges fraud.

  • April 23, 2025

    FINRA Acts On Entrex Application After SEC Gets Complaint

    The Financial Industry Regulatory Authority has approved Entrex Carbon Market Inc.'s requests for a name change and approval of stock splits, shareholders of the carbon offset trading platform have said, although they indicated they will proceed pursuing structural reforms at the self-regulating watchdog of brokers.

  • April 23, 2025

    Law Firm Fights Sanctions Bid In Mootness Fee Row

    Attorneys at Monteverde & Associates PC urged an Illinois federal judge not to order certain sanctions against them in a challenge to so-called mootness fees paid to settle and dismiss allegedly baseless merger disclosure suits, saying more sanctions would be inconsistent with "well-established" pleading and sanctions standards.

  • April 23, 2025

    Tech-Focused Texas Ventures SPAC Raises $200M IPO

    Shares of special purpose acquisition company Texas Ventures Acquisition III began trading on Wednesday after the company raised $200 million in its initial public offering, with plans to seek out a merger with an industrial technology company.

  • April 23, 2025

    Crypto Co. Drops Suit Against K&L Gates, For Now

    A bitcoin mining company has dropped its lawsuit against its former counsel K&L Gates LLP, ending for now its claims that the firm overbilled it and missed a key deadline in a separate bankruptcy action.

  • April 23, 2025

    Ex-Rabobank Exec Seeks $5M To Cover OCC Fight Legal Bill

    A former Rabobank chief compliance officer has asked the Ninth Circuit to award her more than $5 million in attorney fees and expenses to cover both her defense of a now-discontinued Office of the Comptroller of the Currency enforcement action and her unsuccessful lawsuit to get the matter expunged.

  • April 23, 2025

    Silvergate Settles Securities Class Action For $37.5M In Ch. 11

    The parent company of Silvergate Bank has asked a Delaware bankruptcy judge to approve a new deal to settle a securities class action for $37.5 million and resolve a slew of indemnification issues in its Chapter 11, a resolution that the debtor said would save it potentially millions of dollars in legal fees.

  • April 23, 2025

    Morgan Stanley's Capital Markets Lead Joins A&O Shearman

    Allen Overy Shearman Sterling has hired the former head of capital markets legal at Morgan Stanley as a partner in its capital markets practice in New York City, the firm recently announced.

  • April 23, 2025

    3 Firms Guide Launch Of $3.6B SoftBank-Backed Bitcoin Co.

    Bitcoin investment startup Twenty One Capital Inc. plans to go public by merging with a special purpose acquisition company affiliated with Cantor Fitzgerald at a $3.6 billion valuation, in a deal guided by three law firms, the parties announced on Wednesday.

  • April 23, 2025

    Skadden Adds Partner To NY Financial Institutions Group

    Skadden has bolstered its New York-based team of finance attorneys with the addition of a longtime Covington partner into the firm's financial institutions group who brings with him more than two decades of experience including in-house and BigLaw work.

  • April 23, 2025

    M&A 'Pause' Requires Nimble, Creative Dealmaking

    With deals stalling in a market defined by uncertainty, attorneys and the dealmakers they counsel are leaning on creative structures — from earnouts to partial stake sales — to keep transactions alive, according to corporate lawyers advising on major mergers and acquisitions.

  • April 23, 2025

    Bernstein Litowitz Looks To Hire SEC's Ex-Top Crypto Cop

    Investor-side firm Bernstein Litowitz Berger & Grossmann LLP has disclosed in a court filing that it is seeking to hire Jorge Tenreiro, the former head of the U.S. Securities and Exchange Commission's crypto enforcement unit as well as the onetime chief of the agency's entire litigation team.

  • April 23, 2025

    Swiss Drug Developer Veraxa To List In US In $1.6B SPAC Deal

    Swiss life sciences investor Xlife Sciences said Wednesday that its portfolio company, Veraxa Biotech, will merge with blank-check business Voyager Acquisition Corp. in a $1.64 billion deal to list on Nasdaq.

  • April 22, 2025

    Fed's Buffer Plan Marks Start Of Stress Test Reform 'Journey'

    The Federal Reserve entered a new era last week with a proposal to smooth out fluctuations in a key capital requirement for big banks, making an opening move toward what industry experts see as potentially much bigger stress-testing reforms on the horizon.

  • April 22, 2025

    Feds Say Crypto Exec Spent Investors' $57M On Lamborghinis

    The U.S. Securities and Exchange Commission and Virginia federal prosecutors have launched parallel cases against the founder of a cryptocurrency trading company, alleging that he misappropriated over $57 million of investor funds after orchestrating a type of multilevel-marketing scheme that brought in about $200 million to the company.

  • April 22, 2025

    Majority Shareholders Sanctioned In Telecoms Control Fight

    A New York federal judge Tuesday sanctioned the majority shareholders of telecommunications infrastructure firm Continental Towers LATAM Holdings Ltd. for ignoring arbitral awards issued in a bitter, yearslong dispute over control of the company.

  • April 22, 2025

    FTX Ch. 11 Trust Says Ex-Exec's Wife Spent $600K Since Dec.

    The FTX Recovery Trust urged a Delaware bankruptcy judge to enjoin the wife of former FTX executive Ryan Salame from spending additional money that the trust said was fraudulently taken from the company before its bankruptcy filing, saying Michelle Bond has spent more than $600,000 since mid-December on legal fees, luxury vacations and credit card bills.

  • April 22, 2025

    SEC Won't Renew Case Against Hex Crypto Founder

    The U.S. Securities and Exchange Commission won't take a second crack at its fraud case against the founder of the Hex, PulseChain and PulseX crypto projects after a Brooklyn federal judge tossed the suit last month due to a lack of stateside ties.

  • April 22, 2025

    CFTC Wants Input On 24/7 Trading, Perpetual Contracts

    The U.S. Commodity Futures Trading Commission is asking the public for feedback on how it should address the availability of 24-hour trading as well as so-called perpetual derivatives that are sometimes used to speculate on the price of cryptocurrencies.

  • April 22, 2025

    Kalshi, Crypto.com Fight Md. Regulator On Sports Contracts

    Trading platform KalshiEx LLC and the derivatives platform owned by Crypto.com have each sued Maryland gaming regulators for allegedly preempting federal authority with directives to shut down sports event contracts the agency contends are unregistered wagers.

  • April 22, 2025

    Del. Suit Alleges Execs Eroded Value Of Texas Auto Repair Biz

    Two investors from Florida and Canada overhauled their Delaware state court derivative shareholder lawsuit alleging gross mismanagement against executives of a Texas auto repair technology business, saying a private equity firm helped them drain the company's value and prevent it from being sold in order to artificially inflate its worth.

  • April 22, 2025

    Tivity Health Denied Win In Suit Over Nutrisystem Buy

    Health program company Tivity Health was largely denied a summary judgment win over investors who sued the company over its troubled $1.3 billion purchase of Nutrisystem, according to an order from a Tennessee federal judge who ruled Tivity's duty to disclose certain information is still debatable.

  • 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.

Expert Analysis

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.

  • Impact Of Successful Challenges To SEC's Rulemaking Ability

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    In 2024, the U.S. Securities and Exchange Commission faced significant legal challenges to its aggressive rulemaking agenda as several of its rules were vacated by the Fifth Circuit, which could hinder the SEC's ability to enact rules extending beyond express statutory authority in the future, say attorneys at Debevoise.

  • A Look At PCAOB's Record-Breaking Enforcement In 2024

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    The Public Company Accounting Oversight Board in 2024 brought more enforcement actions against auditors and imposed increasingly higher monetary penalties, showing that it was not afraid to exercise its power to fine and reprimand firms, a trend that will likely continue in 2025, say attorneys at Briglia Hundley.

  • Series

    Exercising On My Peloton Bike Makes Me A Better Lawyer

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    While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.

  • Takeaways From SEC's Mixed Results In '24 Crypto Litigation

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    Though the U.S. Securities and Exchange Commission's new leadership seems likely to create a more favorable cryptocurrency regulatory environment, it must also confront the consequences of, and lingering questions raised by, the SEC's 2024 policy of investigating and charging cryptocurrency trading platforms for operating unregistered exchanges, say attorneys at Dechert.

  • Series

    In The CFPB Playbook: A Sprint To The Finish Line

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    The fourth quarter of 2024 was an impressive demonstration of the Consumer Financial Protection Bureau's ability to regulate, enforce and supervise, even on borrowed time following the election results, and we should expect the current bureau to run nonstop until Jan. 20, say attorneys at Covington.

  • Predicting What's Next For SEC By Looking At Past Dissents

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    While Paul Atkins' nomination to be the next chair of the U.S. Securities and Exchange Commission has taken center stage, an analysis of Republican Commissioners Hester Peirce and Mark Uyeda's past votes and dissents provides a preview of where enforcement may shift in the new administration, say attorneys at Gibson Dunn.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • What 2024's Noncompete Turmoil Means For Banks In 2025

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    A look back at the most significant legal challenges to the enforceability of various restrictive covenants like noncompete and nonsolicitation agreements in 2024 can help financial institutions address the use of these critical tools this year, say attorneys at Maynard Nexsen.

  • New Year, New Risks: 8 Top Cyber Issues For Finance In 2025

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    As financial institutions forge ahead in 2025, they must strike a delicate balance between embracing technological innovation and guarding against its darker threats, which this year could include everything from supply chain vulnerabilities to deepfakes, say attorneys at Baker Donelson.

  • 5th Circ.'s Nasdaq Ruling Another Piece In DEI Policy Puzzle

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    The Fifth Circuit's recent en banc opinion vacating Nasdaq's board diversity listing rule wades into the hotly debated topic of diversity, equity and inclusion initiatives at a time when many public companies are navigating the attention that DEI commitments are drawing from activists and shareholders, say attorneys at Debevoise.

  • Series

    Playing Esports Makes Me A Better Lawyer

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    Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.

  • The 6 Most Significant FCRA Litigation Developments Of 2024

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    From a key sovereign immunity decision at the U.S. Supreme Court to a ruling on creditworthiness out of the Seventh Circuit, several important Fair Credit Reporting Act cases wound their way through the courts in 2024, each offering takeaways for both plaintiffs and defendants, say attorneys at Shipkevich.

  • The Securities Litigation Trends That Will Matter Most In 2025

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    2025 is shaping up to be a significant year for securities litigation, as plaintiffs and defendants alike navigate shifting standards for omission theories of liability, class certification, risk disclosure claims and more, say attorneys at Willkie.

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