Capital Markets

  • May 28, 2026

    Judge To Alter Critique Of Investor Vying To Be Lead Plaintiff

    A Texas federal judge on Thursday acknowledged a potential "black mark" against an investor who vied to be lead plaintiff for a subclass of investors who allegedly bought McDermott International Inc. stock at artificially inflated prices, agreeing to amend an order critical of him.

  • May 28, 2026

    Judge Backs Cannabis Landlord In Investor Suit Over Defaults

    A Maryland federal judge found that a landlord of cannabis companies can't be held liable after four tenants defaulted on their leases, ruling that shareholders missed clues about the defaults found in public records and failed to show what the property owner knew beforehand.

  • May 28, 2026

    GMO Trust Investors Get Final OK For $6.8M Deal

    GMO-Z.com Trust and buyers of the GYEN stablecoin have received final approval of a $6.8 million deal to end the buyers' claims they suffered losses when the coin was "de-pegged" from the Japanese yen.

  • May 28, 2026

    Newmark Executives Say Fellow Leader Pushed Them Aside

    Two capital markets executives at major commercial real estate adviser Newmark claimed in Massachusetts state court that the company and one of its top executives undermined them and cheated them out of commission payments.

  • May 28, 2026

    CFTC Seeks To Join Kalshi Fight Over Rhode Island Ban

    The U.S. Commodity Futures Trading Commission asked a Rhode Island federal judge to join Kalshi in its suit against the state of Rhode Island on Thursday, extending the commission's campaign to assert its regulatory authority over prediction markets.

  • May 28, 2026

    Mark Cuban Beats Bid To Move Crypto Investor Suit To Texas

    A Miami federal judge won't send dismissed crypto promotion claims against Mark Cuban and the Dallas Mavericks to Texas, noting the investors seeking to move the suit strenuously fought the move earlier in the litigation and now "decline to explain why their current about-face should be excused."

  • May 28, 2026

    HSBC Defeats Most Claims In First Citizens' Poaching Suit

    A California federal judge has dismissed the bulk of First Citizens Bank & Trust Co.'s suit against HSBC alleging the latter induced a mass resignation and misappropriated trade secrets, saying the court still didn't have any jurisdiction over some defendants and that an amended complaint had not cured issues with a previously dismissed complaint.

  • May 28, 2026

    King & Spalding Blocked From Exiting $300M Fraud Lawsuit

    King & Spalding LLP and Lennon Murphy & Phillips LLC can't withdraw from representing clients in consolidated litigation over an alleged $300 million stock swindle, a Connecticut state court judge has ruled, saying the firms' motions ahead of a June trial lack good cause.

  • May 28, 2026

    HVAC Biz Valued At $10B After Apollo Backing, More Rumors

    Private equity giant Apollo took a stake in home services company Apex Service Partners to value it at $10 billion, chipmaker Groq Inc. is hoping to raise $650 million to launch a new company focused on artificial intelligence "neoclouds," and semiconductor company Qualcomm inked a supply deal with TikTok owner ByteDance. Here, Law360 breaks down the notable deal rumors from the past week.

  • May 28, 2026

    3 Firms Guide Rental Property Software Co. Entrata's IPO Plan

    Rental property management software company Entrata filed for an initial public offering with advice from Wilson Sonsini Goodrich & Rosati PC, Latham & Watkins LLP and Ropes & Gray LLP, saying its revenue grew 23% in the first three months of 2026 compared to the same period last year.

  • May 27, 2026

    CFTC Agrees To Abandon Biden-Era Gemini Crypto Settlement

    The U.S. Commodity Futures Trading Commission and the Winklevoss-owned crypto exchange Gemini have asked a New York federal court to vacate a $5 million settlement ending allegations that Gemini misrepresented a bitcoin futures contract, telling the court that the agency now believes its complaint shouldn't have been filed.

  • May 27, 2026

    Ex-Doximity Exec Gets 2 Years For Insider Trading Scheme

    The former chief revenue officer of medical professional networking platform Doximity Inc. has been sentenced by a New York federal judge to just over two years in prison for securities fraud related to his trading on inside information before the company's earnings calls, prosecutors announced Wednesday.

  • May 27, 2026

    Exxon Investors Approve Legal Move To Texas

    Exxon Mobil Corp. shareholders on Wednesday gave a thumbs-up to the company's proposal to move its legal home to Texas, voting in favor of the proposal despite pushback from proxy advisory firms.

  • May 27, 2026

    CFTC Sends Prediction Markets Proposal To White House

    The U.S. Commodity Futures Trading Commission confirmed to Law360 on Wednesday that it has sent its planned rules for event contracts to the White House for review, marking another step toward issuing prediction market regulations amid jurisdictional battles with state gaming regulators.

  • May 27, 2026

    BofA Units To Settle Out Of Hedge Fund's Spoofing Suit

    Bank of America has reached a tentative deal for its broker-dealer units to settle out of a hedge fund's long-running lawsuit over alleged manipulation of a former Canadian pharma company's stock, according to a Tuesday filing in New York federal court.

  • May 27, 2026

    3 Firms Steer Battery-Maker ProLogium's $3.8B SPAC Merger

    Taiwanese solid-state battery-maker ProLogium Holding Inc. said Wednesday it has agreed to go public through a SPAC merger with New York-based Translational Development Acquisition Corp., in a deal valuing ProLogium at approximately $3.8 billion on a pre-money, net cash-free basis.

  • May 27, 2026

    Oct. 7 Victims Ask Court To Preserve Binance Terrorism Suit

    Cryptocurrency exchange Binance and its founder should not be allowed to exit the sole remaining claim that they aided and abetted Hamas' October 2023 attack in Israel, plaintiffs say, arguing that this case avoids the flaws that doomed a similar lawsuit.

  • May 27, 2026

    3 Firms Guide Nuclear Power Startup's $2.4B SPAC Merger

    Nuclear energy company Newcleo Ltd. on Wednesday unveiled plans to go public by merging with special purpose acquisition company NewHold Investment Corp. III in a deal that values Newcleo at a pre-money equity value of roughly $2.4 billion and was built by three law firms.

  • May 26, 2026

    Investors, Schwab Defend Antitrust Settlement At 5th Circ.

    Charles Schwab and its investors have urged the Fifth Circuit to affirm a final deal they reached in Texas federal court to conclude an antitrust suit over its merger with TD Ameritrade, arguing among other things that Iowa's attorney general lacks standing to appeal the class settlement.

  • May 26, 2026

    Conn. Tribes Seek Role In CFTC Betting Preemption Fight

    The Mohegan Tribe of Indians of Connecticut and the Mashantucket Pequot Tribal Nation on Tuesday moved to intervene in the Commodity Futures Trading Commission's suit over Connecticut regulators' attempts to shut down certain prediction markets.

  • May 26, 2026

    Quinn Emanuel Sues To Collect $1.5M From Binance's Zhao

    Quinn Emanuel has filed suit in Washington, D.C., against former Binance CEO Changpeng Zhao, who was pardoned by President Donald Trump last fall, asking the court to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

  • May 26, 2026

    Kirkland, Davis Polk Lead Defense Contractor's $634M IPO

    Government contractor Applied Aerospace & Defense unveiled a targeted $634 million initial public offering steered by Kirkland & Ellis LLP and Davis Polk & Wardwell LLP, with 32.5 million shares priced between $18 and $21, according to a Tuesday statement.

  • May 26, 2026

    SEC's Atkins Floats Loosening IPO Communication Rules

    U.S. Securities and Exchange Commission Chairman Paul Atkins said Tuesday evening that the agency is in the process of writing rules aimed at encouraging more companies to go public, including by potentially relaxing prohibitions on communication between prospective public companies and investors.

  • May 26, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled a broad mix of cross-border corporate control disputes, merger settlements, startup equity fights, advancement claims and board oversight litigation, while also weighing fallout from high-profile deals involving Microsoft Corp., The Boeing Co. and Nikola Corp.

  • May 26, 2026

    Fla. Judge Quashes Lutnick Subpoena In Trump Media Fight

    A Florida state judge quashed a subpoena to U.S. Commerce Secretary Howard Lutnick in a dispute over taking President Donald Trump's Truth Social platform public, finding Tuesday that Lutnick was not properly served the subpoena at his part-time Florida residence.

Expert Analysis

  • In First For DOJ, Action Signals New CFIUS Enforcement Era

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    The U.S. Department of Justice is seeking judicial enforcement of a divestment order, an unprecedented action for the agency that ushers in a new phase for the Committee on Foreign Investment in the United States, one in which judicial proceedings complement administrative oversight and presidential divestment orders may be enforced through litigation, says attorney Sohan Dasgupta.

  • Getting The Most Out Of Learning And Development Programs

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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

  • 'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks

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    At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.

  • Opinion

    AI Presents A Make-Or-Break Moment For Outside Counsel

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    The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

  • When Class Certification Issues And Crypto Nuance Collide

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    A New York federal court's recent ruling in In re: Tether and Bitfinex highlights that crypto companies should expect courts to apply conventional class action principles to novel digital asset markets, albeit with careful attention paid to the unique features of crypto trading, say attorneys at Duane Morris.

  • Series

    Watching Hallmark Movies Makes Me A Better Lawyer

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    I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.

  • Stablecoin Yield Reform Raises Stakes For Community Banks

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    Risks for community banks are heightened by the Clarity and Genius Acts, which establish stablecoin market parameters and may lead to traditional bank fund withdrawals in the long term, but a recent Senate amendment to the former bill could prevent deposit runoff, says Thomas Walker at Jones Walker.

  • How Iran War Might Reshape Proxy Contests This Year

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    The Iran war may function as a short-term poison pill for proxy contests, not because it strengthens corporate defenses, but because it increases the risks associated with activist commitments, say attorneys at Sidley.

  • What FINRA Enforcement Changes Mean For Investigations

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    It is essential for in-house counsel and compliance officers to familiarize themselves with the Financial Industry Regulatory Authority's recently announced changes to its enforcement program, which offer both clearer visibility into FINRA's expectations and a valuable opportunity to strengthen regulatory readiness, say attorneys at Eversheds Sutherland.

  • One Idea To Fix The SEC's Risk Factor Disclosure Rules

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    U.S. Securities and Exchange Commission Chairman Paul Atkins recently invited the industry to suggest ways to reform the current risk factor disclosure framework, and amending Rule 10b-5 is one potential option to consider, say attorneys at A&O Shearman.

  • SEC Guidance Further Solidifies Status Of Tokenized Assets

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    The U.S. Securities and Exchange Commission recently released a statement that tokenized securities are securities governed by traditional securities laws, representing continued regulatory clarity and the development of expanded technical standards and risk management guidelines that can only improve the long-term viability of financial markets, say attorneys at Barnes & Thornburg.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • How Bankrupt Cos. Can Seek Refunds For Illegal Tariffs

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    In light of the U.S. Supreme Court's recent decision striking down President Donald Trump's International Emergency Economic Powers Act tariffs as illegal, some companies may have strong prospects for recovering refunds from the government, and trustees in bankruptcy may have a significant role to play in seeking such recovery, say attorneys at Stinson.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

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