Capital Markets

  • May 04, 2026

    Calif. Tribes Back Stay In Kalshi Case Before 9th Circ. Rules

    Three California tribes have asked a federal judge to stay their litigation seeking to stop prediction market platforms from conducting what they say is illegal gambling on their lands, saying they can wait until the Ninth Circuit rules on their appeal challenging a denied preliminary injunction.

  • May 04, 2026

    OCC Pushes Back On Ex-Rabobank Officer's $4M Fee Bid

    The Office of the Comptroller of the Currency has told the Ninth Circuit a former Rabobank compliance officer is not entitled to $4 million in attorney fees and expenses over costs purportedly incurred during an abandoned enforcement proceeding, arguing the record "raises serious questions as to whether the request is excessive."

  • May 04, 2026

    Wells Fargo, Lloyd's Beat $900B Fraud Suit Over Wire Error

    A Maryland federal judge has permanently tossed a lawsuit brought by Alliance Global Capital Fund and a cheese shop that sought $900 billion in damages alleging Wells Fargo refused to redirect funds it knew were credited to the wrong account, finding a majority of the case's claims were brought too late.

  • May 04, 2026

    SPAC Says Investor Bought In Knowing $29M Deal Had Failed

    The sponsor of a blank check company linked to energy giant Nabors Industries Ltd. pushed back against an investor suit alleging its top brass unfairly claimed a $29 million settlement despite missing a deadline to merge with another company, arguing the investor bought shares knowing the acquisition already failed.

  • May 04, 2026

    Fintech Cos., States Split On Scope Of Prediction Market Regs

    Fintech platforms have told the U.S. Commodity Futures Trading Commission that few events should be off-limits for trading as the agency crafts rules for prediction markets, while tribes, consumer groups and states are calling on the agency to ban sports markets altogether as off-label gambling.

  • May 04, 2026

    Trump-Backed Firm Says Crypto Exec Ran Smear Campaign

    Trump family-tied crypto firm World Liberty Financial LLC hit back at crypto billionaire Justin Sun with a defamation suit Monday, claiming he bet against a token he publicly hyped as part of an alleged short-and-distort scheme.

  • May 04, 2026

    Wells Fargo, Law Firm Sued Over Alleged Ponzi Scheme Ties

    Wells Fargo, a California law group and an Arizona investment advisory firm have been hit with a suit in a Texas federal court alleging they aided a purported Ponzi scheme over a purported oil-and-gas industry technology company.

  • May 04, 2026

    3 Firms Guide New Blackstone REIT In $1.8B IPO Target

    A Blackstone real estate investment trust focused on data centers aims to raise $1.8 billion in an upcoming initial public offering next week advised by Simpson Thacher & Bartlett LLP and Paul Hastings LLP.

  • May 04, 2026

    Musk Settles SEC Case Over Late Report Of Twitter Ownership

    The U.S. Securities and Exchange Commission agreed Monday to drop a lawsuit accusing Elon Musk of failing to timely disclose his buy up of Twitter shares ahead of a decision to take the company private, agreeing to a settlement through which a trust held by Musk will pay $1.5 million.

  • May 04, 2026

    SEC Investigating Private Credit Market Fraud, Atkins Says

    U.S. Securities and Exchange Commission Chairman Paul Atkins said Monday that the agency is investigating allegations of fraud in the private credit markets as default rates rise and investors are increasingly exiting the space.

  • May 04, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled a wide-ranging docket of deal disputes, advancement fights, stockholder suits and contract claims, with several matters turning on timing, forum limits and the remedies available when transactions or governance agreements break down.

  • May 04, 2026

    WilmerHale Adds SEC Veteran As Financial Services Partner

    WilmerHale has added a former U.S. Securities and Exchange Commission deputy director as a partner in its securities and financial services department, the firm announced on Monday.

  • May 01, 2026

    SEC Turns The Spotlight On Nasdaq Delisting Standards

    The U.S. Securities and Exchange Commission has pumped the brakes on a Nasdaq plan to more quickly shuffle low-value companies off its exchange, saying that public feedback has brought forth concerns that the proposal could open smaller companies up to market abuse and would deny their right to appeal an exchange decision against them.

  • May 01, 2026

    Senators Unveil Stablecoin Yield Compromise For Crypto Bill

    Two members of the Senate Banking Committee on Friday shared language governing interest and rewards payments on stablecoins that appears to resolve a key battle between banks and fintech companies stalling the Senate's progress on a bill to regulate crypto markets known as the Clarity Act.

  • May 01, 2026

    Biotech IPOs Surge Ahead As 2 Listings Raise $557M

    A pair of biotechnology firms began trading on Friday after raising a combined $557 million through upsized initial public offerings that both priced at the top of their proposed $16 to $18 ranges, marking the latest drug developers to join the IPO market in recent weeks.

  • May 01, 2026

    Citron Founder Slips False Statement Charge In Calif. Case

    A California federal judge has trimmed Citron Research founder Andrew Left's securities fraud case by throwing out one criminal count accusing him of making false statements to federal agents, finding the proper venue for the charge is in Florida where the statements allegedly were made.

  • May 01, 2026

    UBS Can't Escape $92M FINRA Award Over Tesla Stock Advice

    An Iowa district judge denied UBS Financial Services' bid to vacate an arbitration award granted by the Financial Industry Regulatory Authority Inc., telling the firm it must pay more than $23 million in compensatory damages and $69 million in punitive damages to several ex-UBS customers who said the firm advised them to short-sell electric car company Tesla Inc.'s stock.

  • May 01, 2026

    How Paul Clement Does It All

    For most lawyers, getting to argue before the U.S. Supreme Court is a once-in-a-lifetime event, but for a select few, it's a common occurrence. Clement & Murphy PLLC name partner Paul Clement is one of those lawyers. 

  • May 01, 2026

    Mortgage Giants Want Homeowners' Price-Fixing Suit Tossed

    A group of mortgage originators and several software companies told a Tennessee federal court that a proposed price-fixing class action should be tossed because the plaintiffs didn't plausibly allege that the originators used certain software for a nationwide price-fixing conspiracy involving residential mortgage rates.

  • May 01, 2026

    SEC's Corp. Governance Shift Puts Onus On States, Cos.

    Lawyers who work with clients on corporate governance matters had a warm response to a recent pledge from U.S. Securities and Exchange Commission Chairman Paul Atkins to let states handle such issues, saying the shift marks a return to the agency's historical approach and may spur increased activity among state regulators.

  • April 30, 2026

    NYSE Ready To Start Tokenized Securities Pilot Program

    The New York Stock Exchange on Thursday said it's ready to launch a pilot program trading tokenized securities, in a notice to the U.S. Securities and Exchange Commission.

  • April 30, 2026

    Prediction Market Policing Getting 1st Test In Maduro Bet Case

    The insider trading case against a U.S. Army sergeant who helped plan the capture of Venezuelan President Nicolás Maduro presents a compelling test for the statutory tools the government can use to police prediction markets, and it sends a message there's more to come, former prosecutors say.

  • April 30, 2026

    Glass Lewis, ISS File More Suits Over State Proxy Laws

    Proxy advisory firms Glass Lewis & Co. LLC and Institutional Shareholder Services Inc. have sued the state attorneys general of Indiana and Kansas over laws the firms say are unconstitutional and impose burdensome requirements for issuing recommendations that go against corporate managers' wishes.

  • April 30, 2026

    Senate Dems Press Lutnick On Stablecoin Co.'s Loan To Trust

    Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., on Thursday told Commerce Secretary Howard Lutnick and the CEO of El Salvador-based Tether that they want information about the stablecoin company's reported loan to a trust benefiting Lutnick's four children.

  • April 30, 2026

    Gemini Gets CFTC Sign-Off To Clear Derivatives

    The Winklevoss-led Gemini said Thursday that the U.S. Commodity Futures Trading Commission has granted the crypto firm a license to act as a clearinghouse for derivatives contracts, marking a step forward in the build-out of its prediction market offerings among other derivatives products.

Expert Analysis

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 7 Steps For Gov't Contractors In Post-IEEPA Tariff Landscape

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    In response to U.S. Supreme Court's recent decision to strike down tariffs issued by the Trump administration under the International Emergency Economic Powers Act, there are several actions federal contractors should take to preserve their place in any refund waterfall, and to manage audit, overpayment and False Claims Act risk, say attorneys at Holland & Knight.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • Section 122 Tariffs Show Shift In Strategy, Not Trade Policy

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    By imposing temporary tariffs under Section 122 of the Trade Act as a stopgap measure while it pivots to less transitory statutory authorities, the Trump administration sent a clear message that the U.S. Supreme Court’s decision in Learning Resources v. Trump, invalidating duties imposed under the International Emergency Economic Powers Act, will not precipitate a change in policy direction, say attorneys at Snell & Wilmer.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Del. Coinbase Outcome May Have Been Different In Texas

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    The Delaware Court of Chancery's recent decision in Grabski v. Andreessen, finding that a member of the Coinbase special litigation committee was not independent, provides guidance for Delaware boards regarding the formation, composition and operation of SLCs, while offering a counterpoint to the procedures available to Texas-incorporated companies, says John Lawrence at Baker Botts.

  • Why The NCUA's Stablecoin Moment Matters

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    The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • How The New Tariff Landscape May Unfold

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    To replace tariffs formerly imposed under the International Emergency Economic Powers Act, the administration will rely on a patchwork of statutes, potentially leading to procedural challenges and a complex tariff landscape with varying levels, durations and applicability, says Joseph Grossman-Trawick at King & Spalding.

  • Assessing Ruling On SEC Industry Bars In Post-Jarkesy World

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    According to a D.C. federal court in Sztrom v. U.S. Securities and Exchange Commission, the U.S. Supreme Court's 2024 decision in SEC v. Jarkesy did not eliminate the commission's ability to pursue industry bars through administrative follow-on proceedings, a major blow for future Article 3 challenges — so long as it stands, say attorneys at Venable.

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