Capital Markets

  • October 17, 2025

    Quant Trader Tells Jury Of MIT Grads' $25M Crypto Ruse Plan

    A quantitative trader and former employee of two MIT-educated crypto entrepreneurs Friday told a Manhattan federal jury of how they planned months in advance to leverage a software glitch to obtain $25 million at the expense of other crypto traders on the Ethereum blockchain.

  • October 17, 2025

    Chamber Urges 5th Circ. To Rehear Ex-Bank CEO's FDIC Case

    The U.S. Chamber of Commerce and other libertarian advocacy groups urged the Fifth Circuit on Friday to reconsider a panel ruling shielding the Federal Deposit Insurance Corp.'s in-house courts from a constitutional challenge, arguing the decision defies U.S. Supreme Court precedent and leaves bank officials "trapped in the bureaucratic machinery" of juryless agency prosecutions.

  • October 17, 2025

    Justices Urged To Review Circ. Split Over SEC Disgorgement

    A man accused by the U.S. Securities and Exchange Commission of participating in a $6 million pump-and-dump scheme is calling on the U.S. Supreme Court to review a circuit split that he says has created "intolerable confusion" over when the agency can collect disgorgement.

  • October 17, 2025

    Investment Firm Founder Indicted On Alleged $500M Scheme

    The co-founder of two Florida-based investment firms has been accused by federal prosecutors and the U.S. Securities and Exchange Commission of defrauding lenders and investors out of hundreds of millions of dollars with false representations about the firms' financial success and assets.

  • October 17, 2025

    Major Banks Colluded For 30 Years To Fix Rates, Suit Says

    Several major banks, including JPMorgan Chase, Bank of America and Wells Fargo, have been hit with a proposed class action in Connecticut federal court alleging that for the past 30 years, they have been artificially inflating interest rates on variable-rate loans to consumers and small businesses.

  • October 17, 2025

    Cornerstone, Peoples Bank To Form $3.1B Texas Lender

    Houston-based Cornerstone Capital Bancorp Inc. said Friday that it has agreed to acquire Peoples Bancorp Inc. of Lubbock, Texas, in a deal that will deepen its Texas presence and unite two community banks into a $3.1 billion-asset franchise.

  • October 17, 2025

    Newsmax To Build Crypto Reserve With Bitcoin, Trump Coin

    Newsmax Inc. plans to purchase up to $5 million worth of bitcoin and President Donald Trump's meme coin in the coming year, joining the ranks of public companies adding cryptocurrency to their strategic reserve.

  • October 17, 2025

    Ex-SEC Officials Support Activist Investor Before High Court

    Two former U.S. Securities and Exchange Commission members are among those calling on the U.S. Supreme Court to uphold the ability of investors to sue funds over contracts that violate federal securities laws, saying that the SEC does not have the resources to go after every alleged wrongdoer.

  • October 17, 2025

    Phoenix Suns Minority Owners End Suit, Shift To Countersuit

    Minority owners of the NBA's Phoenix Suns on Friday dropped their Delaware Court of Chancery lawsuit seeking to obtain certain company documents, but said they are now focused on asserting counterclaims of mismanagement and misconduct in a suit filed earlier this week by majority owner Mat Ishbia.

  • October 17, 2025

    B. Riley Wants Out Of Lottery.com Chancery Case

    A California-based banking firm asked the Delaware Chancery Court in a brief unsealed Friday to drop it from the stockholder class action over Lottery.com's 2021 special purpose acquisition company merger, claiming it was late to the party.

  • October 17, 2025

    Federal Courts To Scale Back Operations Amid Shutdown

    The federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays.

  • October 17, 2025

    Texas Farm Bureau Suit Alleging USDA Discrimination Stayed

    A Texas federal judge on Thursday opted to stay the Texas Farm Bureau's suit against the USDA over the agency's alleged preferential treatment of minority farmers while a similar case plays out.

  • October 17, 2025

    Taxation With Representation: Latham, Kirkland, Wachtell

    In this week's Taxation With Representation, the Artificial Intelligence Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners acquire Aligned Data Centers from Macquarie Asset Management and co-investors; Rayonier Inc. and PotlatchDeltic Corp. merge to create a timber and wood products giant; and a Lone Star Funds affiliate acquires industrial processing equipment provider Hillenbrand Inc.

  • October 16, 2025

    Ripple Pays $1B For Treasury Management Co. GTreasury

    Crypto exchange Ripple announced Thursday that it entered a deal to acquire treasury management systems provider GTreasury for $1 billion.

  • October 16, 2025

    Semler Investor Sues For Details Of Strive Bitcoin Merger

    An investor in healthcare-focused bitcoin treasury company Semler Scientific Inc. has sued to block a shareholder vote on Semler's proposed acquisition by another corporate bitcoin holder until it provides more information on the deal.

  • October 16, 2025

    Kalshi Tells 4th Circ. Md. Is Stepping On CFTC Oversight

    Maryland federal judge was wrong to reject sports betting company Kalshi's argument that its so-called prediction market, which allows users to wager on the outcome of real-world events, counts as a federal derivative exchange, the company said to the Fourth Circuit.

  • October 16, 2025

    Texas Business Court Says Winter Storm Stalled Gas Delivery

    A Texas business court found that Marathon Oil Co. had no obligation to buy natural gas to make up for delivery shortfalls to a commodity trading company created during Winter Storm Uri, saying the winter storm counted as an unforeseen event.

  • October 16, 2025

    'Good Riddance': Feds Ax Big-Bank Climate Risk Guidance

    Federal regulators Thursday moved to scrap a set of Biden-era "principles" that sought to ensure large banks can manage potential balance-sheet risks from climate change, an ending that one Federal Reserve official greeted with a sharp send-off.

  • October 16, 2025

    OCC Inks Deal With Fla. Bank Over BSA, AML Controls

    The Office of the Comptroller of the Currency released an agreement Thursday with a Florida community bank for alleged law violations involving suspicious activity reporting and due diligence programs for foreign financial institutions' accounts.

  • October 16, 2025

    Wall Street Giants Sued Over Alleged Stock Manipulation

    An investor in Israeli chipmaker Eltek Ltd. has sued Morgan Stanley Smith Barney LLC and Interactive Brokers Group Inc., alleging they had a role in a complex stock price manipulation scheme that played out over years, causing trading prices for the tech company's shares to be "irrationally depressed."

  • October 16, 2025

    Fed's Barr Calls For Rules To Plug 'Gaps' In Stablecoin Bill

    Federal Reserve Board Governor Michael Barr said Thursday that the success of the recently passed legislative framework for stablecoins is dependent on federal banking agencies and state regulators coordinating to "fill in important gaps" that could threaten consumer protection and the stability of the banking system.

  • October 16, 2025

    Musk, Twitter Investors Denied Early Wins In Fraud Suit

    Elon Musk and investors of X, formerly known as Twitter, are headed toward trial in a class action suit accusing the billionaire of intentionally tanking the social media platform's stock price, after a California federal judge denied the parties' cross-motions for an early win in the case.

  • October 16, 2025

    Electric Aircraft Startup Beta Technologies Targets $750M IPO

    Electric aircraft and propulsion system manufacturer Beta Technologies has unveiled plans for an estimated $750 million initial public offering, with Kirkland & Ellis LLP advising the company and Davis Polk & Wardwell LLP advising the underwriters.

  • October 16, 2025

    Fla. Judge Says Soccer CEO's Fraud Suit Belongs In UK

    A Florida federal judge on Wednesday tossed a soccer company CEO's lawsuit alleging civil securities fraud in a deal to take his company public via a special purpose acquisition company, ruling that the dispute should be resolved in the United Kingdom.

  • October 16, 2025

    ADNOC's Covestro Buy To Get EU Nod, Plus More Rumors

    Abu Dhabi oil giant ADNOC is expected to get a stamp of approval from European regulators for its €14.7 takeover of German chemicals company Covestro; Spanish grid operator Enagas is debating buying a minority stake in French gas operator Terega; and private equity giant Apollo has submitted another bid to acquire pizza chain Papa John's.

Expert Analysis

  • Series

    Adapting To Private Practice: From US Rep. To Boutique Firm

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    My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.

  • Opinion

    Senate's 41% Litigation Finance Tax Would Hurt Legal System

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    The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.

  • Comparing Stablecoin Bills From UK, EU, US And Hong Kong

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    For multinational stablecoin issuers, navigating the differences and similarities among regimes in the U.K., EU, Hong Kong and U.S., which are currently unfolding in several key ways, is critical to achieving scalable, compliant operations, say attorneys at Morgan Lewis.

  • What Baseball Can Teach Criminal Attys About Rule Of Lenity

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    Judges tend to assess ambiguous criminal laws not unlike how baseball umpires approach checked swings, so defense attorneys should consider how to best frame their arguments to maximize courts' willingness to invoke the rule of lenity, wherein a tie goes to the defendant, says Jonathan Porter at Husch Blackwell.

  • Series

    Performing As A Clown Makes Me A Better Lawyer

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    To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.

  • A Guide To Permanent Capital Vehicles As Access Widens

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    Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown.

  • How Dfinity Timeliness Ruling Can Aid Crypto Issuers

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    A California federal court's recent dismissal of a class action against Dfinity, holding that the claims were time-barred by the Securities Act's three-year statute of repose, provides a useful defense for cryptocurrency issuers, which often solicit investments years before minting and distributing the associated tokens, say attorneys at Paul Weiss.

  • The CFTC Is Shaking Up Sports Betting's Legal Future

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    The sports betting industry faces a potential sea change amid recent state and federal actions across the regulatory landscape that have expanded access to sporting event contracts against the backdrop of waning Commodity Futures Trading Commission opposition, says Nick Covek at Foley & Lardner.

  • Series

    Law School's Missed Lessons: Rejecting Biz Dev Myths

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    Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.

  • Move Beyond Surface-Level Edits To Master Legal Writing

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    Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.

  • Early Trends In Proxy Exclusion After SEC Relaxes Guidance

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    The U.S. Securities and Exchange Commission’s recent guidance broadening shareholder proposal exclusion under Rule 14a-8 has been undoubtedly useful to issuers this proxy season, but it does not guarantee exclusion, say attorneys at Debevoise.

  • 9th Circ. Has Muddied Waters Of Article III Pleading Standard

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    District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.

  • Series

    Competing In Modern Pentathlon Makes Me A Better Lawyer

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    Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.

  • Atkins' Crypto Remarks Show SEC Is Headed For A 'New Day'

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    A look at U.S. Securities and Exchange Commission Chairman Paul Atkins' recent speeches provides significant clues as to where the SEC is going next and how its regulatory approach to crypto will differ from that of the previous administration, say attorneys at Eversheds Sutherland.

  • Series

    Law School's Missed Lessons: Teaching Yourself Legal Tech

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    New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.

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