Capital Markets

  • July 15, 2026

    Adani Denies $10B Offer Led To DOJ Dropping Case

    Indian billionaire Gautam Adani, the chairman of multinational conglomerate Adani Group, on Wednesday told a Brooklyn federal judge that his offer to invest $10 billion in the U.S. had nothing to do with a U.S. Department of Justice decision to drop criminal charges claiming he and others orchestrated a $250 million bribery to secure solar energy contracts and deceive investors.

  • July 15, 2026

    Starbucks Beats Investor Suit Over Ex-CEO's Biz Statements

    Starbucks Corp. has given a plausible "alternative explanation" for its former CEO's 2024 statements about the business that were deemed misleading by investors suing the company over its "Triple Shot" reinvention plan, a Washington federal judge said Wednesday.

  • July 15, 2026

    Ex-TD Bank Worker Gets 46 Mos. In Money Laundering Scheme

    A former TD Bank assistant store manager was sentenced Wednesday by a New Jersey federal judge to nearly four years in prison without parole for his role in a money laundering conspiracy that federal prosecutors claim illegally moved nearly half a billion dollars through the bank.

  • July 15, 2026

    Braveheart Bio, Attovia Join Growing Pipeline Of Biotech IPOs

    Two venture-backed biotechnology firms filed plans for initial public offerings this week, both with plans to raise around $100 million for their public debut.

  • July 15, 2026

    Fintech's New Brass Drained Company With Fees, Suit Says

    A financial technology and security firm led in part by the former CEO of Honeywell International faces an investor suit alleging he and others took control of the business and turned it into a "highly leveraged conglomerate" from which they profited by "extracting exorbitant management fees" at shareholders' expense.

  • July 15, 2026

    Settlement Reached In Trump Media SPAC Exec Hacking Suit

    A lawsuit accusing a Trump Media & Technology Group Corp. director and his associates of improperly accessing confidential files to help remove the former head of the special purpose acquisition company that merged with Trump Media has ended in a confidential settlement, according to a notice filed Tuesday in Florida federal court.

  • July 15, 2026

    Simpson Thacher Put Co. Out Of Business, Fla. Jury Told

    Simpson Thacher & Bartlett LLP put an insurance services company out of business with a poorly constructed private securities offering, the company's founder told a Florida state jury Wednesday in opening arguments for trial in his suit alleging the law firm owes him more than $100 million.

  • July 15, 2026

    Dating App Investor Seeks Grindr Buyback Records In Del.

    A stockholder of the world's largest LGBTQ+ dating app has sued in Delaware Chancery Court to force Grindr Inc. to turn over books and records related to a share repurchase program that allegedly handed majority voting control to Chairman G. Raymond Zage III without requiring him to pay a control premium.

  • July 15, 2026

    SEC Seeks Summary Win In Alleged $56M Microcap Fraud

    The U.S. Securities and Exchange Commission is pressing for a summary judgment against the estate of a man it accuses of spearheading a $56 million microcap fraud scheme, but the man's widow says the agency moved too slowly to substitute her in as a defendant after her husband died.

  • July 14, 2026

    Fed 'Racing' To Hit Genius Act Rules Deadline, Warsh Says

    Federal Reserve Chair Kevin Warsh told lawmakers Tuesday that the central bank is "racing" to meet a looming deadline for drafting certain rules required by the Genius Act, the landmark stablecoin law that other federal regulators have already proposed regulations to implement.

  • July 14, 2026

    CFTC Tells Kalshi To Fulfill Mich. Trades Despite Court Order

    The U.S. Commodity Futures Trading Commission on Tuesday told KalshiEx LLC to fulfill open trades from Michigan residents despite a state judge's directive to unwind certain prediction market transactions, marking the agency's latest clash with states over event contract supervision.

  • July 14, 2026

    EV Maker, CEO Settle SEC Action Over Debt Offering Claims

    The U.S. Securities and Exchange Commission has reached a $709,000 settlement with an Ohio-based electric- and gas-powered vehicle manufacturer and its CEO to resolve claims that they made misleading statements portraying the company as being more successful than it actually was in connection with a $112 million convertible debt offering.

  • July 14, 2026

    Crypto Expert Gets $28M Bitcoin Arbitration Award Enforced

    A New York federal judge has enforced a $28 million arbitration award issued to a Malta-based cryptocurrency expert and his two companies following their dispute with a bitcoin mining server supplier they claim sent them faulty machinery.

  • July 14, 2026

    Pittsburgh Says Fire Truck Tie-Ups Drove Up Prices

    The city of Pittsburgh has filed antitrust claims against multiple fire equipment companies, alleging municipalities are paying more as a result of mergers and acquisitions that have concentrated most of the market under just two corporate umbrellas.

  • July 14, 2026

    Simpson Thacher Opens Dallas Shop, Adds Akin Team

    Simpson Thacher & Bartlett LLP announced Tuesday that it has officially opened in Dallas and that it has added to its rosters in Boston and New York with a corporate team from Akin Gump Strauss Hauer & Feld LLP.

  • July 14, 2026

    Conn. Judge Rejects Kalshi Bid To Cite CFTC's League Deals

    A Connecticut federal judge has rejected Kalshi's bid to consider the U.S. Commodity Futures Trading Commission's collaboration with Major League Baseball and other leagues within the company's suit against the state's efforts to crack down on prediction market platforms.

  • July 13, 2026

    Portofino Says Citadel Used Dismissal To Fuel Press Campaign

    Portofino Technologies has accused Citadel Securities of using its decision to drop its trade secrets lawsuit against the Swiss cryptocurrency trading firm as an opportunity to drum up bad press about Portofino, and papering over the fact that an $8 million judgment it won in the dispute is a "pyrrhic victory."

  • July 13, 2026

    SEC Asked To Reopen Reporting Proposal After Email 'Error'

    Better Markets is asking the U.S. Securities and Exchange Commission to reopen the comment period for its semiannual reporting proposal after the agency allegedly directed prospective commenters to an incorrect email address, but an agency spokesperson said Monday the email address listed on the proposal was working.

  • July 13, 2026

    SEC Says Crypto Service Agreement Is Investment Contract

    The U.S. Securities and Exchange Commission has asked a Texas federal judge to find that service agreements offered by two crypto mining fraudsters count as investment contracts, and thus securities, saying the court should grant judgment as a matter of law.

  • July 13, 2026

    Wahlberg-Backed Gym Co. Inks $10.5M Investor Settlement

    A fitness franchise associated with the actor Mark Wahlberg has agreed to pay $10.5 million to exit a class action accusing it of misleading investors about its growth potential ahead of its initial public offering, according to papers filed in a Texas federal court.

  • July 13, 2026

    Adani Must Swear No Deal Prompted DOJ Dismissal Bid

    Apparent concerns about a potential quid pro quo have prompted a New York federal judge to order Indian billionaire Gautam Adani to state in an affidavit whether he "promised" anything to the government in exchange for the U.S. Department of Justice moving to dismiss criminal charges against him.

  • July 13, 2026

    NC Co.'s $9.8M Indemnity Payment Not Covered, Insurers Say

    A building products manufacturer is not entitled to coverage after reimbursing its financial adviser $9.8 million for defense and settlement costs incurred in litigation over a take-private transaction, the company's excess directors and officers insurers told a North Carolina federal court.

  • July 13, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week handled disputes involving corporate control, post-closing competition, executive departures, arbitration awards and shareholder litigation.

  • July 13, 2026

    Strategics Dominated N. America Dealmaking In 1st Half Of '26

    Corporate buyers seized a record share of North American dealmaking in the first half of 2026, powering a surge in M&A volumes while private equity activity pulled back amid higher financing costs and valuation gaps, according to a Mergermarket report. 

  • July 10, 2026

    Intuit Hid True Status Of TurboTax Business, Investor Alleges

    Intuit touted a "momentum" across its businesses while hiding that its TurboTax business was, in reality, poorly performing, an investor alleged in a proposed class action filed Friday in California federal court that also accuses the financial software company's CEO of fraudulently enriching himself by more than $36 million.

Expert Analysis

  • Takeaways From 1st Del. Ruling Applying Moelis Amendments

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    Delaware corporations should carefully review contractual arrangements and governance documents following the Court of Chancery's recent enforcement of a non-Delaware forum selection clause in a CEO's employment agreement under 2024 amendments to the state's General Corporation Law, say attorneys at Morgan Lewis.

  • Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

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    An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

  • Assessing Issues The CFTC's Sports Betting Rules May Face

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    The U.S. Commodity Futures Trading Commission recently proposed a rule to consolidate its control of sports bets made on prediction market trading platforms, but problems may arise from possible conflicts between the proposed changes and state laws — and maybe even the Commodity Exchange Act itself, says David Slovick at Kopecky Schumacher.

  • Opinion

    State Courts Must Be Gatekeepers Of Expert Testimony

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    Based on my experience in the state judiciary, emulating federal courts' role as gatekeepers of expert witness testimony would help state court judges maintain the appearance of impartiality and assist juries, thus enhancing the overall confidence people have in their justice system, says Lorie Gildea at Greenberg Traurig.

  • Capitalizing On Increased Retail Access To Alternative Assets

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    The recent extension of co-investment relief to open-end funds represents the latest regulatory action aimed at providing retail investors with meaningful private market opportunities — a trend that means alternative asset managers should develop and deploy a retail strategy to capture this emerging capital source, say attorneys at Willkie.

  • Series

    Moshing Makes Me A Better Lawyer

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    Entering a mosh pit is much like entering the practice of law — it is difficult, you have to know both the written and unwritten rules, and conduct yourself according to the expectations of each community, says Christopher Deubert at Constangy Brooks.

  • Is The SEC Entering Fight Over Prediction Market Oversight?

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    The U.S. Securities and Exchange Commission had remained largely silent on prediction market regulation until last week, but that trend may be changing, as many event contracts could qualify as security-based swaps, which are subject to the SEC's oversight under current definitions, say attorneys at Bradley Arant.

  • Data Reveals Pivot In Feds' Financial Fraud Priorities

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    Recent Justice Department data shows fraud prosecutions fell to their lowest rate in a decade in 2025, illustrating a move away from traditional financial cases and toward a targeted mix of healthcare, government program, consumer and sanctions matters, say Paul Hinton and Adrienna Huffman at The Brattle Group.

  • Why Highly Specialized Experts May Risk Exclusion At Trial

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    Expert witnesses with highly specific areas of focus may be vulnerable to exclusion in court, making it important for attorneys to check how potential witnesses' qualifications can be bolstered by their publications and other professional activities, say Evan Weisberg and Christopher Cunio at Hunton, and Kevin Cahill at FTI Consulting.

  • FDIC Proposal Takes Bank-Like AML Approach To Stablecoins

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    Rather than craft a bespoke regime for stablecoin issuers, a recently proposed Federal Deposit Insurance Corp. rule builds a technology-neutral Bank Secrecy Act compliance framework under the Genius Act, firmly anchoring stablecoins within the U.S. financial regulatory perimeter, says David Zaslowsky at Baker McKenzie.

  • Justices' ICA Ruling Provides Certainty For Regulated Funds

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    The U.S. Supreme Court's recent ruling in FS Credit v. Saba that a contract-rescission provision of the Investment Company Act does not provide investors with a private right of action is a victory for the regulated fund industry, emphasizing that where Congress intended to create private remedies, it did so expressly, say attorneys at Simpson Thacher.

  • AI Heightens Old Compliance Risks For Investment Advisers

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    Though artificial intelligence offers genuine promise for investment advisers, it also magnifies long-standing risks — including those involving fiduciary duties, books and records, client confidentiality, and marketing — with most foundational compliance requirements likely to remain, says Theodore Edwards at Troutman.

  • Drawing A Line Between Settlement Pressure And Extortion

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    U.S. v. Luo, pending in the U.S. District Court for the Southern District of New York, may force courts to address anew when settlement negotiations become criminal extortion, particularly in the age of easily fabricated digital evidence, says attorney Denis Kiely.

  • Recent Cases Clarify When Risk Disclosures Trigger Liability

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    Several recent decisions highlight circumstances where risk disclosures can constitute actionable misrepresentations, providing clarity on how the Private Securities Litigation Reform Act's safe harbor and the common-law bespeaks caution doctrine apply to risk disclosures, and how publicly traded companies can guard against such claims, say attorneys at Katten.

  • Securities Class Cert., 5 Years After Goldman Ruling

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    The U.S. Supreme Court's 2021 decision in Goldman Sachs Group v. Arkansas Teacher Retirement System has not only armed defendants in securities cases with more arguments in individual class certification fights, but may also be providing greater certainty and finality in class certification battles, say attorneys at Skadden.

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