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Capital Markets
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January 09, 2026
SEC's 'Hack-To-Trade' Suit Was Unfairly Served, UK Man Says
An accused hacker in the U.K. seeks to shed U.S. Securities and Exchange Commission allegations he made $3.75 million trading on nonpublic information he improperly gained access to, arguing he'd been unfairly served in prison.
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January 09, 2026
30 Dems Back Bill Limiting Officials' Prediction Market Trades
U.S. Rep. Ritchie Torres, D-N.Y., introduced his plan to ban public officials from trading in certain prediction markets on Friday with the backing of 30 House Democrats, including former House Speaker Nancy Pelosi, D-Calif.
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January 09, 2026
Pa. Justices Urged To Apply Jarkesy To State Proceedings
A Pennsylvania financial professional has asked the state's Supreme Court to consider, in a matter of first impression, whether the state Constitution guarantees a right to a jury trial in securities fraud enforcement actions brought by the state regulator, arguing that the U.S. Supreme Court's Jarkesy ruling should be incorporated against states.
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January 09, 2026
FINRA Fines Wells Fargo Unit $1.25M For Close-Out Failures
Wells Fargo has agreed to pay $1.25 million to resolve the Financial Industry Regulatory Authority's claims that during a seven-year period, the bank's clearing and custody services unit left certain transactions in municipal securities unresolved for longer than it was supposed to.
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January 09, 2026
Fintech Co. Ends Botched-Valuation Suit Against Ga. Firm
A British fintech company has resolved its suit against Atlanta-based accounting firm Frazier & Deeter LLC over an allegedly botched stock valuation.
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January 09, 2026
Ropes & Gray Steers IPO Plan For Bob's Discount Furniture
The Ropes & Gray-led Bob's Discount Furniture Inc. announced plans to offer its stock to the public Friday for the first time since its 1991 launch, but a Bain Capital investment fund may remain in control the retailer, according to a U.S. Securities and Exchange Commission filing.
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January 09, 2026
Fintech-Focused Lafayette Digital SPAC Prices $250M Offering
Special purpose acquisition company Lafayette Digital Acquisition I began trading publicly Friday after raising $250 million in its initial public offering, with plans to target the financial services and technology industries.
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January 09, 2026
Justices To Resolve Split On SEC Disgorgement Powers
The U.S. Supreme Court on Friday agreed to hear a case that could resolve a circuit split over whether the U.S. Securities and Exchange Commission has to prove investor harm in order to secure disgorgement from alleged fraudsters.
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January 09, 2026
Sanchez Energy Lenders Float Deal To End Ch. 11 Lien Fight
The owners of the reorganized equity in oil driller Sanchez Energy proposed a deal Friday in Texas bankruptcy court that will end lien-related litigation with unsecured creditors by paying $8.5 million of legal fees incurred by representatives for those creditors in the fight over rights to equity recoveries in the Chapter 11 case.
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January 09, 2026
Steve Aoki, DraftKings Founder Accused Of NFT Fraud In Fla.
A Florida attorney brought a proposed class action against record producer Steve Aoki and DraftKings co-founder Matt Kalish in federal court, accusing the two of fraud over promoting nonfungible tokens on social media and misleading buyers that their investments would increase in value.
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January 09, 2026
Elliott, Morning Calm Complete City Office REIT Take-Private
A joint venture of activist investor Elliott Investment Management and real estate investment firm Morning Calm Management completed its acquisition of Canada-based City Office REIT, in a take-private deal for $7 per share of common stock.
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January 09, 2026
NC Biz Court Bulletin: Trade Secrets Row, A Patient Data Deal
The North Carolina Business Court closed out the year by tossing a trade secrets fight brought by a corrugated packing manufacturer against its onetime star salesman and signing off on a $2.45 million settlement ending claims a healthcare system sold patients' data to Meta.
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January 09, 2026
Paul Hastings-Led Oncology Firm Prices Upsized $318M IPO
Boston-based biotech firm Atkis Oncology began trading publicly Friday after raising roughly $318.6 million in its upsized initial public offering, marking the first sizable IPO of 2026.
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January 08, 2026
Venezuela Says Citgo Auction Marred By Conflicts
Venezuela pressed the Third Circuit Thursday to overturn an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of the country's debt, arguing that the underlying attachment orders are void and that the proceeding was marred by "obvious" conflicts of interest.
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January 08, 2026
11th Circ. Asked To Undo 'Deeply Flawed' Securities Ruling
Florida-based energy company NextEra Energy Inc. wants the full Eleventh Circuit to reconsider a panel decision to revive an investor lawsuit against the utility operator, asserting that unless undone, the decision would leave the circuit with "the nation's most permissive loss-causation standard."
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January 08, 2026
4 Firms Steer Coincheck's $111M Acquisition Of Crypto Firm
The Netherlands-based holding company of Japanese digital asset exchange Coincheck Group NV has inked an agreement to become the beneficial owner of nearly all shares of Canadian alternative digital asset manager 3iQ Corp. in a deal valued at $111 million. It's guided by Dutch firm De Brauw Blackstone Westbroek, Simpson Thacher & Bartlett LLP in the U.S. and Canadian firms Stikeman Elliott and Wildeboer Dellelce LLP.
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January 08, 2026
Cannabis-Linked Co. CEO To Pay SEC Fine Over Fraud Claims
The CEO of a shipping container company for the cannabis industry agreed on Thursday to a five-year officer and director bar and to pay a $100,000 civil penalty to the U.S. Securities and Exchange Commission to resolve the regulator's claims that he concealed his control over the company and related entities, and also deceived investors about the business's revenue source.
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January 08, 2026
Ex-FDIC Chair, Cravath Partner Joins Fintech Firm Plaid
Jelena McWilliams, the former chairman of the Federal Deposit Insurance Corp., will leave Cravath Swaine & Moore LLP to serve as Plaid's president of corporate and external affairs, the fintech infrastructure firm announced Thursday.
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January 08, 2026
SEC Floats Plan To Set Small Fund Definition At $10B
Mutual funds holding $10 billion in assets could soon be categorized as small businesses for the purpose of cutting down on regulatory costs, according to a new proposed rule put forth by the U.S. Securities and Exchange Commission.
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January 08, 2026
Wolfspeed Securities Class Action Sent To NC Federal Court
A securities class action case against chipmaker Wolfspeed Inc. was transferred to North Carolina federal court Wednesday following a New York judge's order directing the movement of the consolidated investor suits over alleged misrepresentations about the company's financial projections.
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January 08, 2026
Wyoming's First-Of-Its-Kind Stablecoin Up For Purchase
The public can now purchase Wyoming's state-issued stablecoin through crypto exchange Kraken, a first for a public entity, the state's stablecoin project announced Thursday.
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January 08, 2026
Odebrecht To Pay Investors $17.3M To End Bribe-Scheme Suit
An investment firm and its affiliated trusts will receive over $17 million from Brazilian engineering conglomerate Odebrecht SA and two subsidiaries to resolve, before a scheduled trial this month, a suit over an alleged far-reaching bribery scheme, with a New York federal judge ordering final judgment in the suit Thursday.
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January 08, 2026
Fed Eyeing Carveouts For Confidentiality Label, Bowman Says
The Federal Reserve's top bank regulator signaled openness to easing restrictions around so-called confidential supervisory information, or CSI, saying the label has grown so broad that it can obstruct collaboration and reduce regulatory accountability.
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January 08, 2026
Trader Gets Win On Subpoena Ahead Of Quant Secrets Trial
A Manhattan federal judge said Thursday that a California quantitative trader accused of stealing billion-dollar secrets from Headlands Technologies has issued an enforceable subpoena to the firm ahead of his July criminal trial and vowed to detail what information must be provided.
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January 08, 2026
4 Executive Pay Trends Attorneys Will Be Watching In 2026
A potentially sweeping overhaul simplifying the U.S. Securities and Exchange Commission's disclosure regime for public company executive compensation will be top of mind for executive pay practitioners as they look for new developments in the coming year. Here's a look at this and three other areas they'll be keeping an eye on.
Expert Analysis
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Key Crypto Class Action Trends And Rulings In 2025
As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris.
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How New SEC Policies Shift Shareholder Proposal Landscape
U.S. Securities and Exchange Commission Chairman Paul Atkins' recent remarks provide a road map for public companies to exclude nonbinding shareholder proposals from proxy materials, which would disrupt the mechanism that has traditionally defined how shareholders and companies engage on governance matters, say attorneys at Gunderson.
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Series
Knitting Makes Me A Better Lawyer
Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E.
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Series
The Biz Court Digest: Welcome To Miami
After nearly 20 years in operation, the Miami Complex Business Litigation Division is a pioneer upon which other jurisdictions in the state have been modeled, adopting many innovations to keep its cases running more efficiently and staffing experienced judges who are accustomed to hearing business disputes, say attorneys at King & Spalding.
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Recent Proposals May Spell Supervision Overhaul For Banks
A slew of rules recently proposed by the federal banking agencies with approaching comment deadlines would rewrite supervision standards to be further tailored to banks' size and activities, while prioritizing financial risks over process, documentation and other nonfinancial risks, say attorneys at Davis Wright.
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What US Can Learn From Brazil's Securities Arbitration Model
To allay investor concerns about its recent approval of mandatory arbitration clauses in public company registration statements, the U.S. Securities and Exchange Commission should look to Brazil's securities arbitration model, which shows that clear rules and strong institutions can complement the goals of securities regulation, say arbiters at the B3 Arbitration Chamber.
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AI Evidence Rule Tweaks Encourage Judicial Guardrails
Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.
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Series
The Law Firm Merger Diaries: Getting The Message Across
Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.
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How Bank-Fintech Partnerships Changed In 2025
The 2025 transition to the Trump administration, augmented by the reversal of Chevron deference in 2024, has resulted in unprecedented shifts, and bank-fintech partnerships are no exception, with key changes affecting a number of areas including charters, regulatory oversight and anti-money laundering, say attorneys at K&L Gates.
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2 Early Settlement Alternatives In Federal Securities Litigation
Most class actions brought under the federal securities laws are either settled or won by the defendants following a motion to dismiss, but two alternative strategies have the potential to lower discovery costs and allow defendants to obtain judgment without the uncertainty of jury trials on complex matters, says Richard Zelichov at DLA Piper.
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Opinion
Horizontal Stare Decisis Should Not Be Casually Discarded
Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.
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DC Circ. Decision Reaffirms SEC Authority Post-Loper Bright
The recent denial of a challenge to invalidate 2024 amendments to the U.S. Securities and Exchange Commission's tick size and fee-cap rules reinforces the D.C. Circuit's deference to SEC expertise in market structure regulation, even after Loper Bright, though implementation of the rules remains uncertain, say attorneys at Sidley.
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10 Commandments For Agentic AI Tools In The Legal Industry
Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.
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Series
Preaching Makes Me A Better Lawyer
Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.
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Why Digital Asset Treasuries Are Drawing Regulator Concerns
Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.