SEC's 2026 Agenda Eyes Exec Comp, Recordkeeping Reforms

By Jessica Corso & Aislinn Keely

The U.S. Securities and Exchange Commission has issued a new rulemaking agenda that highlights its plans to reduce executive compensation disclosure requirements at publicly traded companies and possible changes to broker-dealer recordkeeping requirements, while both it and the U.S. Commodity Futures Trading Commission are exploring new cryptocurrency rulemaking.

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Sealing The Deal

How Gibson Dunn Helped SpaceX Pull Off Its $75B Global IPO

By Al Barbarino

When SpaceX completed its record-breaking $75 billion initial public offering last month, the transaction was notable not only for its size — the largest IPO ever — but also for breaking new ground in how public offerings can be structured to reach retail investors around the world.

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Orrick-Led Nuclear Fuel Company Targets $356M IPO

By Jade Martinez-Pogue

Standard Nuclear, which makes fuel for small modular reactors across the U.S., unveiled plans on Tuesday for an estimated $356 million initial public offering steered by Orrick Herrington & Sutcliffe LLP and Davis Polk & Wardwell LLP.

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Trump Depo Needed In Fla. Merger Suit, Ex-SPAC CEO Says

By David Minsky

The former CEO of a special purpose acquisition company that helped take Truth Social public urged a Florida judge Tuesday to allow President Donald Trump's deposition, arguing it's necessary to defend against a claim that he was targeted in a conspiracy to sign a merger agreement without his knowledge. 

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Dem Sens. Probe CEOs On Trump-IRS Settlement Immunity

By Asha Glover & Sarah Jarvis

Three senior Democratic senators are investigating whether several companies with ties to President Donald Trump are benefiting from what they alleged was immunity for him, his family and his businesses in the settlement he reached with the Internal Revenue Service. 

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Sony Bank's Crypto Charter Bid Clears 1st OCC Hurdle

By Aislinn Keely

Sony's online banking unit is a step closer to setting up a crypto-focused U.S. trust company with a preliminary conditional charter from the Office of the Comptroller of the Currency.

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Kalshi Says Federal Law Bars Wash. 'Gambling' Clampdown

By Ben Adlin

Prediction market KalshiEX LLC urged a Washington state judge on Monday to reject state officials' effort to halt the company's operations under Washington gambling laws, arguing that federal law preempts the regulatory effort and that Washington has failed to show that the platform has caused meaningful harm.

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Kraken Seeks To Enforce $22M Award Over Scrapped Audit

By Katryna Perera

Cryptocurrency trading platform Kraken has asked the Delaware Chancery Court to enforce a $22 million arbitration award it won against Mazars US LLP after the auditor suddenly quit the 2022 audit it was conducting for Kraken as the digital assets company came under a federal regulatory investigation.

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Judge Sets 2027 Trial For Zillow Home-Flipping Investor Suit

By Nate Beck

A Washington federal judge has scheduled a September 2027 trial date in a class action from investors accusing Zillow of concealing the true performance of its house-flipping business, Zillow Offers.

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Wrigley Heir, Cannabis Co. Beat $25M Securities Fraud Suit

By Sam Reisman

A Florida federal judge on Monday tossed a $25 million securities fraud case against William "Beau" Wrigley Jr., heir to the chewing gum fortune, and the cannabis company he used to run, finding that the allegations brought by investors fell outside the ambit of federal securities law.

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Ex-SEC Filing Co. Staffer Gets 2 Years For Insider Trading

By Stewart Bishop

A former staffer for a firm that helps companies with U.S. Securities and Exchange Commission filings on Tuesday was sentenced to over two years in prison for using confidential information pilfered from his employer to fuel an insider trading scheme with a colleague that netted nearly $2.4 million in illicit profits.

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SEC Names Agency Vets To Lead New Retail Fraud Group

By Sydney Price

The U.S. Securities and Exchange Commission said Tuesday that it has launched a new working group that will expand the agency's efforts to identify fraud targeting retail investors, tapping two longtime agency officials to lead the effort.

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White & Case Taps Two Disputes Partners From Broadfield

By Joyce Hanson

White & Case LLP said Tuesday it has hired two Broadfield lawyers to join its Hong Kong office as partners in the firm's global litigation practice and global private capital industry group, saying they have broad experience in multi-jurisdictional matters and international arbitration disputes.

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Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

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Why SEC Climate Rule Rescission Wouldn't End Disclosure

If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

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CEO Cops To Conspiracy In BigLaw Insider Trading Case

By Sydney Price

A Dubai-based CEO and trader has pled guilty in Massachusetts federal court to charges that he worked with a former BigLaw associate and others to carry out a far-reaching insider trading scheme.

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Justices To Defend Court's Budget In Rare Hill Testimony

By Courtney Bublé

U.S. Supreme Court Justices Amy Coney Barrett and Elena Kagan will testify before House and Senate committees on July 14, marking the first time in seven years that a sitting justice has gone before lawmakers.

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Ex-DOJ Employees Tell Senate To Reject Blanche Nomination

By Emily Sawicki

Hundreds of former Justice Department employees and appointees urged the Senate in a Tuesday letter to reject the nomination of acting Attorney General Todd Blanche for the permanent role, particularly noting what they called Blanche's work toward politicizing the department.

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ChatGPT Edits Weren't 'Knowing' Errors, Conn. Justices Told

By Aaron Keller

A GLG Law LLC lawyer who blamed ChatGPT for misquotes and citation errors in three filings told the Connecticut Supreme Court on Tuesday he did not violate an ethics rule requiring candor to the tribunal because his briefs, though inaccurate, contained correct assertions about the law.

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Ogletree Co-Founder Deakins, 'Beacon Of Wisdom,' Dies At 90

By Emily Johnson

A co-founder of the global labor and employment juggernaut Ogletree Deakins Nash Smoak & Stewart PC died Monday after decades of helping shape the firm's values of honesty and transparency.

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McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

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House Dems Push To Ban Judges From Prediction Markets

By Emily Sawicki

Ranking members of the House Judiciary Committee on Tuesday called on the federal judiciary to ban judges from taking part in prediction markets amid growing concerns that court-related wagers could undermine judicial integrity.

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