As regulators, lawmakers and the courts struggle for a uniform set of rules for regulating initial coin offerings, attorneys on the front lines of the cryptocurrency frenzy are adapting to their role as gatekeepers, a responsibility they describe as both challenging and frustrating.
Law360 Asset Management ASSET MANAGEMENT

Saturday, May 26, 2018 Follow Law360

TOP NEWS

Analysis

Securities Attys Challenged By New Role As ICO Gatekeepers

As regulators, lawmakers and the courts struggle for a uniform set of rules for regulating initial coin offerings, attorneys on the front lines of the cryptocurrency frenzy are adapting to their role as gatekeepers, a responsibility they describe as both challenging and frustrating. Read more »

ForceField Stock Promoter Gets Prison For $131M Fraud

Stock promoter Louis Petrossi on Thursday was sentenced to over 3½ years in prison for his role in a $131 million market manipulation scam involving shares of lighting company ForceField Energy Inc. Read more »

Westfield Shareholders Bless $15.7B Unibail-Rodamco Deal

Westfield Corp. shareholders have signed off on the shopping center owner-operator’s proposed $15.7 billion takeover by Unibail-Rodamco SE, according to a Thursday announcement by the French real estate investment firm. Read more »

Ruling In NYU ERISA Battle Likely To Come In July: Judge

The judge overseeing an Employee Retirement Income Security Act class action accusing New York University of mismanaging workers' retirement savings has said she'll likely issue a decision in the closely-watched case in July.  Read more »

ENFORCEMENT

Feds Don't Want Star Witness Sideshow In Union Graft Retrial

Federal prosecutors on Wednesday challenged an attempt by Platinum Partners LP co-founder Murray Huberfeld to discredit their star witness with allegedly incriminating evidence ahead of Huberfeld’s graft retrial alongside a labor boss, telling a New York federal judge the proffered evidence would send jurors down a rabbit hole of irrelevant information. Read more »

Tech Co.'s 401(k) Plan Gets New Fiduciary After EBSA Probe

A Virginia federal judge has placed a defunct technology consulting company’s retirement plan into the hands of an independent fiduciary, which will distribute the plan’s more than $500,000 in assets to 24 former employees, the Employee Benefits Security Administration announced Thursday. Read more »

BANKRUPTCY

Investors Can’t Stop Celeb Chef From Bankruptcy Filing

Celebrity chef Jose Garces can keep some of his Philadelphia restaurants under Chapter 11 protection as he gears up to present a stalking horse deal to the bankruptcy court next week, a New Jersey judge has said, rejecting investors’ claims that he lacked the authority to do so. Read more »

DEALS

Fintech Startup GreenSky Prices Upsized $874M IPO

GreenSky Inc., a private equity-backed financial technology company that arranges loans between merchants and consumers, raised $874 million in an upsized initial public offering that priced Thursday at the top of its range, advised by Troutman Sanders LLP. Read more »

Latham, Goodwin Lead 2 Biotech IPOs Raising $227M

Venture-backed biotechnology companies Kiniksa Pharmaceuticals Ltd. and Scholar Rock Holding Corp. debuted in public markets Thursday to strong investor receptions after completing initial public offerings that raised a combined $227 million, represented respectively by Latham & Watkins LLP and Goodwin Procter LLP. Read more »

EXPERT ANALYSIS

With States' Crypto Regulation, Problems Multiply

State securities agencies are increasingly regulating the cryptocurrency space through administrative proceedings and summary cease-and-desist orders. But the uncertainties and ambiguities in current cryptocurrency regulation mean that multistate action — even if coordinated — will create a real risk of splintered authority, says Jason Gottlieb of Morrison Cohen LLP. Read more »

Keys To Protecting Communications With Litigation Funders

As different jurisdictions impose their own disclosure requirements regarding commercial litigation finance, there can be no “one size fits all” approach to ensuring confidentiality. But litigants, lawyers and litigation funders may be able to decrease disclosure risks through a handful of best practices, says Alan Guy of Vannin Capital. Read more »

LEGAL INDUSTRY

Feature

3 Things You Need To Know When Starting Out In BigLaw

There are numerous opportunities and pitfalls that lie in store for new associates as they enter BigLaw, yet many of the intricacies of navigating the inner workings of a large law firm are not taught in school, leaving many lawyers to fend for themselves to learn by trial and error. Here, BigLaw veterans reflect on some of the actions incoming attorneys can take to make the best of their early days at a firm. Read more »

Ex-BigLaw Atty Convicted Of Wife's Murder Faces Civil Suit

The former Fisher Phillips employment partner sentenced to life in prison earlier this week for the shooting death of his wife has been hit with a civil lawsuit in Georgia state court by the administrator of his wife’s estate. Read more »

Feature

GC Cheat Sheet: The Hottest Corporate News Of The Week

The European Union’s new data protection regime went into effect, the U.S. House of Representatives voted to loosen regulations for thousands of community banks and regional lenders, and the U.S. Supreme Court sided with employers in class action arbitration cases. These are some of the stories in corporate legal news you may have missed in the past week.​ Read more »

In Case You Missed It: Hottest Firms And Stories On Law360

For those who missed out, here's a look back at the law firms, stories and expert analyses that generated the most buzz on Law360 last week. Read more »

Getting The Snaps And Tweets Into Evidence

Litigants who proffer data obtained from social networking sites like Facebook, Twitter and Instagram must authenticate that data before it will be admitted as evidence. Attorneys with Pepper Hamilton LLP examine decisions from Pennsylvania and other jurisdictions to determine whether courts are imposing a more demanding standard for social media data than other documentary evidence. Read more »

JOBS
Search full listings or advertise your job opening
Law360 Pro Say Podcast

Listen to our new podcast here

COMPANIES

Activision Blizzard, Inc

Apple Inc.

BMO Capital Markets Corp.

Bank of America Corporation

Caterpillar Inc.

Citigroup Inc.

Credit Suisse Group AG

Daimler AG

Deutsche Bank AG

Dynamex, Inc.

Energy Inc.

Epic Systems Corp.

Ernst & Young

Facebook

Food Network

Goldman Sachs Group Inc.

GreenSky LLC

Home Depot Inc.

Instagram Inc.

International Finance Corp.

JPMorgan Chase & Co.

Kimberly-Clark Corporation

Morgan Stanley

Murphy USA Inc.

NASDAQ OMX Group Inc.

National Association of State Regulatory Utility Commissioners

National Australia Bank

New York University

North American Securities Administrators Association

Platinum Partners LP

Praxair, Inc.

Renaissance Capital

Rothschild & Co. SCA

S.A.C. Capital Advisors LP

State Bar of California

Suntrust Banks Inc.

TIAA

Twitter Inc.

UBS AG

Unibail-Rodamco

United States Telecom Association

Valeant Pharmaceuticals International

Vannin Capital PCC

Yale University

LAW FIRMS

Alston & Bird

Arnold & Porter

Choate

Clark Hill

Clifford Chance

Cooley

Covington & Burling

Cozen O'Connor

DLA Piper

Debevoise & Plimpton

Drinker Biddle

Fisher Phillips

Gibson Dunn

Goodwin

Herbert Smith Freehills

Hogan Lovells

Husch Blackwell

Isaac Wiles

Jones Day

King & Spalding

King & Wood Mallesons

Kirkland & Ellis

Klehr Harrison

Latham & Watkins

Leason Ellis

Morgan Lewis

Morrison & Foerster

Morrison Cohen

Nossaman LLP

O'Melveny & Myers

Ogletree Deakins

Pepper Hamilton

Petrillo Klein

Porzio Bromberg

Proskauer Rose

Ropes & Gray

Schlichter Bogard

Shearman & Sterling

Skadden

Spiro Harrison

Stradling Yocca

The Employment Law Group

Trenk DiPasquale

Troutman Sanders

WilmerHale

Womble Bond Dickinson

GOVERNMENT AGENCIES

California Supreme Court

Commodity Futures Trading Commission

Consumer Financial Protection Bureau

Employee Benefits Security Administration

European Union

Federal Communications Commission

Federal Reserve System

National Labor Relations Board

Pennsylvania Supreme Court

Securities and Exchange Commission

U.S. Attorney's Office

U.S. Department of Justice

U.S. Department of Labor

U.S. House of Representatives

U.S. Patent and Trademark Office

U.S. Senate

U.S. Supreme Court