Capital Markets

  • June 24, 2026

    OKX's Legal Bench Gets Overhaul From Former NY Regulator

    Cryptocurrency exchange OKX made a splash this week when it announced that former New York Gov. Andrew Cuomo will lead a new joint venture with Intercontinental Exchange. But behind the scenes, a longtime Cuomo associate has been quietly remaking the once-embattled company's legal department into a "competitive advantage" as the business seeks a foothold on Wall Street.

  • June 24, 2026

    It's Time To End Charges Against Indian Industrialist, Judge Told

    An industrialist and two co-defendants urged a New York federal judge Wednesday to let federal prosecutors drop a fraud case concerning funding for a colossal Indian solar energy project and accept an $18 million deal with securities regulators, saying out-of-court talks revealed the criminal case's "legal and factual weaknesses."

  • June 24, 2026

    EV Charging Co. Lenders, Ex-CEO Escape Liquidity Woes Suit

    A New York federal judge has trimmed claims and dismissed several defendants from a proposed investor class action against the current and former executives of bankrupt electric-vehicle charging infrastructure company Charge Enterprises Inc., who they allege concealed a liquidity crisis involving the company's founder and his investment advisory firm that allegedly precipitated Charge's bankruptcy.

  • June 24, 2026

    Morgan Stanley Gets Initial OCC Nod To Launch 'Digital Trust'

    The Office of the Comptroller of the Currency has given an initial green light for Morgan Stanley to move forward with its plans to launch a cryptocurrency-focused trust bank, a first for one of Wall Street's banking giants.

  • June 24, 2026

    Engineer Traded Off Microsoft's Nuclear Plans, Feds Say

    An ex-Constellation Energy engineering manager was accused in an indictment in Delaware federal court and by the U.S. Securities and Exchange Commission of trading securities using nonpublic information about the company's confidential plans with Microsoft Corp. to potentially relaunch an inactive nuclear reactor.

  • June 24, 2026

    Kentucky Is Latest State To Catch CFTC Prediction Market Suit

    The Commodity Futures Trading Commission has hit back against Kentucky regulators with a suit defending its jurisdiction over event contracts, after the state brought enforcement actions against several prediction market platforms alleging they violate the state's consumer protection and gambling laws by offering unlicensed sports wagering.

  • June 24, 2026

    SEC Pressed To Curtail Hedge Fund, VC Reporting Rules

    Venture capital firm Andreessen Horowitz and Ropes & Gray LLP are urging the U.S. Securities and Exchange Commission to rewrite the definition of "hedge fund" before putting into place proposed regulations on what those funds have to disclose about their holdings.

  • June 24, 2026

    Cleary-Led Korean Tech Giant SK Hynix Targets $29B US IPO

    South Korea-based flash memory chipmaker SK Hynix on Wednesday filed plans with U.S. regulators for an initial public offering that could raise up to $29.4 billion.

  • June 24, 2026

    Investment Fund Hit With Class Action For Claimed $60M Loss

    Lack of oversight and transparency within a private investment fund resulted in the purported loss of nearly $60 million after a board member is said to have siphoned the money away, according to a putative class action filed in the North Carolina Business Court.

  • June 24, 2026

    Latham, Willkie Lead $2.5B Agility Robotics SPAC Merger

    Agility Robotics said Wednesday it has agreed to go public through a merger with special purpose acquisition company Churchill Capital Corp XI, with Latham & Watkins LLP advising Agility and Willkie Farr & Gallagher LLP representing the SPAC on a deal valuing the humanoid robotics company at $2.5 billion.

  • June 24, 2026

    Big Banks Clear Fed Stress Tests Amid Capital Rule Overhaul

    The Federal Reserve said Wednesday the nation's biggest banks have sufficient capital to withstand a severe recession, giving them passing marks in the latest round of stress tests as federal regulators work on a broader capital rule overhaul.

  • June 24, 2026

    FTX Exec's Wife Gets Trial Date In Campaign Finance Case

    A Manhattan federal judge Wednesday scheduled a November trial for crypto-lobbyist Michelle Bond, as she seeks to beat charges alleging she agreed with her husband, jailed former FTX executive Ryan Salame, to take illegal campaign cash from the bankrupt exchange.

  • June 23, 2026

    Solmate Board Enriched Itself, Duped Shareholders, Suit Says

    The single largest outside shareholder of crypto treasury company Brera Holdings, which does business as Solmate Infrastructure, has filed suit against the company's board of directors, accusing them in New York state court of brokering "self enriching agreements" to the detriment of shareholders.

  • June 23, 2026

    Hedge Fund To Pay Avis $650M In Short-Swing Profit Fight

    Pentwater Capital Management has agreed to pay Avis Budget $650 million to resolve allegations that the Naples, Florida-based hedge fund violated the Securities Exchange Act's short-swing profits rule by quickly loading up on shares and cash swaps and then dumping shares at the height of a short squeeze.

  • June 23, 2026

    Feds' Capital Revamp Has A Dodd-Frank Problem, Critics Say

    Big banks are broadly pleased with a draft capital-rule overhaul that federal regulators project would deliver the biggest capital relief in a generation, but critics say it rests on shaky legal ground that the banking agencies have "astoundingly" ignored.

  • June 23, 2026

    KKR Unit Unveils Univ. Of Tennessee Mixed-Use Project

    Private equity firm Arctos Partners LP, a KKR unit, and its partners are working with the University of Tennessee, Knoxville on a mixed-use development that will include a private club, homes, a 24-story hotel and an entertainment area spanning 100,000 square feet, the companies announced Tuesday.

  • June 23, 2026

    SEC Urged To Adopt CAT To Fix Market Surveillance Tool

    The national stock exchanges that run a key market surveillance tool have told the U.S. Securities and Exchange Commission there is "no realistic fallback" that could replace the tool as the SEC looks for ways to trim the tool's budget, but some are urging the agency to take over funding and ownership of the database known as the consolidated audit trail. 

  • June 23, 2026

    Stock Bought Too Late For Breakup Fee Suit, Judge Says

    A New York federal judge has dismissed an investor suit claiming that the top brass of the sponsor of a blank check company unfairly claimed a $29 million settlement despite missing a deadline to merge with another company, finding that the investor purchased shares after the breakup fee of the failed merger was disclosed.

  • June 23, 2026

    Circle Says It's Not Liable To Crypto Users For Drift Hack

    Circle Internet Group urged a Massachusetts federal court to toss a suit from crypto users accusing the stablecoin issuer of failing to act when $280 million in digital assets was drained from crypto project Drift Protocol in an April Fools' Day exploit, arguing that accusations of inaction are insufficient to support the claims.

  • June 23, 2026

    Voyager Investors Appeal Toss Of Mark Cuban Crypto Case

    Investors of collapsed cryptocurrency brokerage Voyager Digital on Tuesday told a Florida federal judge they are challenging his order dismissing their claims against Mark Cuban and the Dallas Mavericks and his ruling denying the transfer of the case to Texas.

  • June 23, 2026

    SEC Sends E-Delivery Proposal To White House

    The U.S. Securities and Exchange Commission could soon put forth a proposal amending the rules for providing electronic statements to investors, following recent comments from SEC Chair Paul Atkins that changes to the opt-in model are "long overdue."

  • June 23, 2026

    Vimeo Owner Bending Spoons Launches Plans For $1.6B IPO

    Italian mobile app developer Bending Spoons has unveiled terms for an estimated $1.6 billion initial public offering steered by Latham & Watkins LLP and Milbank LLP.

  • June 23, 2026

    SEC Won't Revoke Cannabis Co. Share Trading

    Oregon-based cannabis cultivator Grown Rogue International Inc. will continue to be a publicly traded company after the U.S. Securities and Exchange Commission dismissed a revocation case against it, finding the company had caught up on years of late filings and stayed current.

  • June 23, 2026

    Clifford Chance Adds Ex-V&E Debt Finance Atty In Houston

    Clifford Chance LLP announced on Monday the hiring of a former Vinson & Elkins LLP attorney as a finance and derivatives partner in its Houston office.

  • June 22, 2026

    Traders Plead Guilty In NY To $1M Insider Trading Scheme

    Two traders involved in a multi-year insider trading scheme with a former Joseph Gunnar & Co. broker who used confidential information about upcoming secondary stock offerings to make over $1 million in illicit profits pled guilty Monday to securities fraud, according to the federal government.

Expert Analysis

  • Claiming The Narrative Before The SEC Files Charges

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    Following the U.S. Securities and Exchange Commission's recent rescission of its no-deny rule, Scott Schneider at FTI Consulting, a former U.S. Securities and Exchange Commission communications official, details when and how to publicly respond to news of a pending regulatory inquiry targeting your company.

  • Class Actions At The Circuit Courts: May Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four recent rulings from cases involving allegations of Title VII violations, the Employment Retirement Income Security Act, prison dental care violations and overcharging for PACER access.

  • 5 Rules In 10 Weeks: Inside Genius Act's Implementation Blitz

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    Regulators have proposed five Genius Act rules in a striking span of 10 weeks, building a stablecoin framework that, with the Office of the Comptroller of the Currency at its operational center, will shape oversight and force issuers, banks and fintechs to take action as deadlines approach, say attorneys at Cahill.

  • Series

    NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

  • Revised Fed Principles Balance Risk And Remediation

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    The Federal Reserve's recently updated supervisory principles sharpen standards for enforcement actions while rewarding self-identification and remediation, signaling a more transparent approach that could reduce uncertainty and reshape how banks manage examination risk and regulator engagement going forward, say attorneys at Davis Wright.

  • Series

    Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • Becoming The Biz-Savvy GC That Portfolio Companies Need

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    Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

  • Del. Dispatch: The Hurdles To Early Fraud Claim Dismissal

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    Particularly where the alleged facts may suggest potentially blatant or egregious misconduct, the pleading-stage standards highlighted in the Delaware Court of Chancery's recent decision in Diem v. Maisonette provide a ready route for the nondismissal of claims before a trial, say attorneys at Fried Frank.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • Startup Founder Disputes Increasingly Turn On Governance

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    Recent Delaware developments suggest that as courts place increasing emphasis on board process, independence and oversight in founder-led startups, the growing intersection of governance, technology risk and investor oversight is accelerating both the emergence and escalation of founder disputes, says mediator Frank Burke.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Sentencing Tips For Defending Crypto Conspiracy Cases

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    The sentencing of Evan Tangeman to 70 months in federal prison for laundering money in a cryptocurrency conspiracy illustrates that defense attorneys representing clients in multidefendant crypto cases need to understand the mechanics of conspiracy liability, loss attribution and restitution exposure before they reach the sentencing table, says Joseph De Gregorio at Sentencing Advocacy.

  • Series

    Playing Basketball Makes Me A Better Lawyer

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    My grandfather used to say "I wear your jersey" as shorthand for wholly committing to support someone with loyalty and integrity — ideals that have shaped my life on the basketball court and in legal practice, says Tracy Schimelfenig at Schimelfenig Legal.

  • SEC Clarifies 'Baby Shelf' Restrictions For Small Cos.

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    For smaller public companies looking to access the capital markets, the so-called baby shelf requirements can be a significant limitation, but recent guidance from the U.S. Securities and Exchange Commission helps to alleviate the effect of subsequent baby shelf restrictions on an at-the-market facility, say attorneys at Faegre Drinker.

  • How Cos. Can Navigate Iran Sanctions Risks In China

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    For multinational financial institutions and other companies caught between the U.S. and China’s competing compliance regimes as they relate to Iranian oil, finding a path forward will require careful, jurisdiction-specific analysis, say attorneys at Perkins Coie and Ashurst.

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