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Capital Markets

  • October 16, 2018

    NYSE, Nasdaq Didn’t Justify Market Data Fees, SEC Says

    The U.S. Securities and Exchange Commission said Tuesday that NYSE Arca Inc. and Nasdaq Stock Market LLC have failed to justify the fees for their proprietary data products, but the securities regulator didn't rule that the prices were necessarily unreasonable.

  • October 16, 2018

    Mayer Brown Adds NY Tax Partner For Fund Practice

    Mayer Brown LLP announced Monday that a tax attorney experienced in fund formation was joining the firm as a partner in its New York City office.

  • October 16, 2018

    Winston Strawn Guides Industrial-Focused SPAC's $225M IPO

    Winston & Strawn LLP-led blank check company Graf Industrial Corp. said it has priced its $225 million initial public offering at $10 per share as it began trading on the New York Stock Exchange on Tuesday.

  • October 16, 2018

    Deals Rumor Mill: Uber, Lyft, Tribune

    Proposals have valued Uber at a whopping $120 billion in its initial public offering, Lyft tapped JPMorgan Chase & Co., Credit Suisse and Jefferies as underwriters on its IPO, and Hicks Equity Partners is eyeing Tribune Media and its nearly four dozen TV stations.

  • October 16, 2018

    Monex Slams CFTC’s 'Jurisdictional Overreach' In 9th Circ.

    Metals brokerage Monex Credit Co. criticized the Commodity Futures Trading Commission on Monday for what it called “blatant and limitless” jurisdictional overreach in the agency’s attempt to have the Ninth Circuit reverse the dismissal of its $290 million fraud case against Monex based on arguments that Congress has expressly rejected.

  • October 16, 2018

    Brazilian Fintech Startup Preps $1.1B IPO Led By Davis Polk

    Brazilian digital payments processor StoneCo Ltd. on Tuesday launched an estimated $1.1 billion initial public offering, represented by Davis Polk & Wardwell LLP, hoping to capitalize on growing demand for financial technology services being provided outside of traditional banks.

  • October 16, 2018

    The Path To Becoming A Supreme Court Advocate

    A look at the careers of attorneys who have dominated oral advocacy at the U.S. Supreme Court over the last decade shows a similar path for men and women, with a few key differences. Here’s how the top 10 male and female advocates stack up. (This article is part of a series examining the gender gap among high court advocates.)

  • October 16, 2018

    $20M SEC Settlements For Musk, Tesla Approved By Judge

    A New York federal judge on Tuesday signed off on a pair of settlements that will see Tesla Inc. and its embattled CEO Elon Musk pay the U.S. Securities and Exchange Commission $20 million apiece to end claims that Musk misled investors in tweets about taking the Silicon Valley-based electric car maker private.

  • October 16, 2018

    Nomura Reaches $480M Deal Ending RMBS Probe

    Nomura Holding America Inc. and its affiliates have agreed to pay $480 million to resolve the U.S. Department of Justice’s allegations that the bank misled investors about risks associated with more than $13 billion worth of loans packaged into residential mortgage-backed securities between 2006 and 2007, the DOJ said Tuesday.

  • October 15, 2018

    Deutsche Traders Knew Libor-Rigging Was Illicit, Jury Told

    Prosecutors on Monday began their final pitch to jurors in the Libor-rigging trial of former Deutsche Bank traders Matthew Connolly and Gavin Black, saying trial evidence proves the pair abused the German lender’s position to cash in by gaming the benchmark interest rate.

  • October 15, 2018

    Nine West Creditors Ask To Sue Sycamore For LBO Losses

    The unsecured creditors of Nine West Holdings Inc. on Saturday asked a New York bankruptcy court for permission to file more than $1 billion in claims against company owner Sycamore Partners for allegedly stripping the company’s assets and sending it into Chapter 11.

  • October 15, 2018

    Gender Disparity At The High Court: How Top Law Firms Measure Up

    For the women at elite law firms, an enduring gender gap among advocates can create a high hurdle for their high court ambitions. Here, Law360 looks at the law firms where women score Supreme Court arguments, and where they don’t. (This article is part of a series examining the gender gap among high court advocates.)

  • October 15, 2018

    Scott & Scott Loses Bid To Be Lead In Funko Investor Suit

    A Washington federal judge on Monday denied an investor’s lead plaintiff motion asking for Scott & Scott Attorneys at Law LLP to be appointed lead counsel in a proposed class action against toymaker Funko, saying the current plaintiff did not publish proper notice of the suit.

  • October 15, 2018

    Deals Rumor Mill: Innovent, Lime, HNA

    Innovent Biologics wants to raise as much as $422 million when it goes public in Hong Kong, scooter and bike startup Lime has talked to investors about more funding and an at least $3.3 billion valuation, and HNA Group is looking to sell consulting and technology company Pactera.

  • October 15, 2018

    NYSE Again Seeks To Ease Rules On Blank Check Cos.

    The Securities and Exchange Commission said Friday it will invite public comment on a modified proposal by the New York Stock Exchange to ease certain listing standards for special purpose acquisition companies, which represent a fast-rising segment of capital markets.

  • October 15, 2018

    Cooler Maker Yeti Sets Sights On Renewed $400M IPO

    Texas-based Yeti Holdings Inc. on Monday said it could raise $400 million at midpoint through its initial public offering, bringing the heavy-duty cooler and insulated drinkware company closer to listing on the New York Stock Exchange after pulling an initial bid seven months ago.

  • October 15, 2018

    Icahn Challenges Dell's VMware Stock Swap Plan

    Activist investor Carl Icahn vowed Monday to challenge Dell's plans to buy back a tracking stock tied to subsidiary VMware, contending the private equity-backed technology giant is selfishly encouraging shareholders to accept a too-low offer that will yield Dell's backers a roughly $11 billion "economic windfall."

  • October 15, 2018

    MoFo Adds Capital Markets Partner From Jones Day

    Morrison & Foerster LLP has added an attorney from Jones Day with more than 17 years of experience in capital markets and mergers and acquisitions as a partner in its New York office.

  • October 15, 2018

    Pulling Up Stakes: Dechert, Orrick, Munger Tolles

    In our latest roundup of deal makers on the move, Dechert LLP scores a capital markets and corporate finance pro, Orrick Herrington & Sutcliffe LLP adds two new private equity partners in London, and Munger Tolles & Olson LLP brings back a corporate attorney after his more than two years away from the firm.

  • October 12, 2018

    Will The Future Of The Supreme Court Bar Be Female?

    While women have made significant inroads into the elite world of U.S. Supreme Court advocacy, last term the number of women arguing at the court hit a decade low. Was it an off year? Or a sign of progress stalled? (This article is the first in a series examining the gender gap among high court advocates.)

Expert Analysis

  • A Holistic Approach To Client Retention

    Dan Tacone

    In an era when law firms are fighting for business and clients can dictate the terms of the relationship, "value" has become a moving target. Firms that take a proactive approach by using strategies designed to articulate value over time will gain the competitive advantage, says Dan Tacone at Intapp Inc.

  • Q&A

    A Chat With Allens Pricing Chief Pier D'Angelo

    Pier D'Angelo

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Pier D'Angelo, chief pricing and practice officer at Allens.

  • Studying The Reactions To SEC's Whistleblower Proposals

    Kathleen Massey

    Earlier this year, the U.S. Securities and Exchange Commission proposed amendments to the rules governing its whistleblower incentive and protection program. Kathleen Massey of Dechert LLP examines the key issues raised by the public comments filed in response, and what to expect from the final rules.

  • Opinion

    Blockchain Cos. Should Welcome Regulation — Here's Why

    Anna Fridman

    A clearly delineated regulatory framework would go a long way in providing the certainty necessary for the digital asset economy to thrive, analogous to the stabilizing effect the formation of the U.S. Securities and Exchange Commission had on the stock market after the 1929 crash, says Anna Fridman of Spring Labs.

  • Opinion

    The ABA Was Dead Wrong About Model Rule 8.4(g)

    Bradley Abramson

    In the two years since the American Bar Association's controversial anti-discrimination and harassment rule, only one state has adopted it, while numerous state supreme courts, state attorneys general and legal groups have correctly rejected Model Rule 8.4(g) as a threat to lawyers' First Amendment rights, says Bradley Abramson, an attorney with Alliance Defending Freedom.

  • Do VPNs Spell Market Manipulation For Crypto Exchanges?

    Richard Malish

    Virtual private networks are a critical tool for privacy-minded cryptocurrency traders, but based on the New York attorney general's recent findings that VPNs may permit market manipulation, it would not be surprising if cryptocurrency exchanges are soon asked to explain their VPN access policies, says Richard Malish of NICE Actimize.

  • Opinion

    The Supreme Court Should Become Boring

    Alexander Klein

    In the aftermath of Justice Brett Kavanaugh's confirmation, the U.S. Supreme Court should decline review of the nation's most polarizing political questions unless and until the questions become time-sensitive, says Alexander Klein, head of the commercial litigation group at Barket Epstein Kearon Aldea & LoTurco LLP.

  • Q&A

    Back To School: BC's Kent Greenfield Talks Corporate Law

    Kent Greenfield

    In this series featuring law school luminaries, Boston College Law School professor Kent Greenfield reflects on his corporate law theories, his legal battle with the Pentagon over free speech and gay rights, and important constitutional law issues to watch out for.

  • What New Bank Charters Mean For Fintech

    Mark Nuccio

    The Office of the Comptroller of the Currency's recently announced national bank charters for financial technology companies hold the promise of delivering lower costs and improved efficiencies in a safe environment that protects consumers, say attorneys at Ropes & Gray LLP.

  • Kavanaugh Cannot Be Compelled To Recuse Himself

    Donald Scarinci

    Whether Justice Brett Kavanaugh’s prior statements may be grounds for disqualification when it comes to judging certain cases is debatable, but there are no specific recusal guidelines for the U.S. Supreme Court. The justices themselves don’t even agree on where to draw the line when it comes to perceived political bias, says Donald Scarinci, a founding partner of Scarinci Hollenbeck LLC.