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Capital Markets

  • July 31, 2025

    Ill. Jury Convicts Forex Trader In $230K Fraud Scheme

    A Chicago federal jury on Thursday convicted an Illinois man of duping investors with promises to deliver considerable profits by trading their money on the foreign exchange market, when he really spent most of their investments on himself and was barred from trading securities in the state.

  • July 31, 2025

    2nd Circ. Vacates OpenSea Crypto Insider Trading Conviction

    The Second Circuit on Thursday overturned the fraud conviction of a former OpenSea manager accused of insider trading on nonfungible token sales on his employer's platform, finding that a Manhattan jury may have convicted him "based on conduct that it found to be unethical rather than fraudulent."

  • July 30, 2025

    Tornado Was A One-Stop Crypto Laundering Shop, Jury Told

    Manhattan federal prosecutors Wednesday made their final arguments in the money laundering and sanctions trial of Tornado Cash co-founder Roman Storm, claiming the cryptocurrency tumbler's privacy-focused ethos was just a fig leaf for dirty money that flowed through its "fancy online laundromat."

  • July 30, 2025

    Fenwick, Latham Lead Web Software Giant Figma's $1.2B IPO

    Web-design software maker Figma Inc. on Wednesday priced a $1.2 billion initial public offering above its upwardly revised price range, guided by Fenwick & West LLP and underwriters counsel Latham & Watkins LLP.

  • July 30, 2025

    White House Crypto Report Sets Blueprint For Coming Rules

    A long-awaited report from the President's Working Group on Digital Asset Markets that was released Wednesday encouraged securities and derivatives regulators to use their existing authorities to clear the way for crypto issuance and trading in the absence of lasting legislation, while also urging banking regulators to sharpen standards for crypto engagement.

  • July 30, 2025

    Honest Co.'s $27.5M Investor Deal Gets Final OK

    An investor class action against The Honest Co. Inc., the "clean lifestyle" brand founded by actress Jessica Alba, has gotten a final nod for a $27.5 million deal to end claims that the company did not disclose certain negative business trends ahead of its 2021 initial public offering.

  • July 30, 2025

    Iowa Slams Schwab's 'Amorphous' Antitrust Compliance Deal

    The state of Iowa is among a slew of objectors to a settlement calling for Charles Schwab Corp. to implement an antitrust compliance program to resolve an investor class action stemming from its merger with TD Ameritrade, arguing the deal is unfair and completely fails to remedy the investors' harm.

  • July 30, 2025

    Ill. Forex Trader Spent Investors' Money On Himself, Jury Told

    An Illinois man fraudulently obtained at least $230,000 from investors with promises to return or even double their investments by trading on the foreign exchange market, but instead spent most of their money on personal expenses like designer clothes, restaurant meals, gym membership fees and credit card bills, prosecutors told a Chicago federal jury Wednesday.

  • July 30, 2025

    Truist Triggered Employee Exodus, Not Ex-Execs, Court Told

    Three former executives who helmed the real estate finance arm of Truist Financial Corp. and their new employer are seeking a pretrial win in the bank's poaching case, telling a North Carolina state court judge they aren't to blame for Truist's alleged bad business decisions.

  • July 30, 2025

    Celsius Administrator Gets OK To Continue Clawbacks

    A New York bankruptcy judge shot down challenges to attempts by the Chapter 11 plan administrator for Celsius Networks to claw back transfers, saying a settlement provision didn't prevent the administrator from pursuing the clawbacks and the transactions fall under U.S. jurisdiction.

  • July 30, 2025

    Dechert Adds Tax Pro From PwC In DC

    Dechert LLP has continued to grow its financial services platform in Washington, D.C., with the hire of a partner from PwC.

  • July 30, 2025

    Rising Star: Latham's Salvatore Vanchieri

    Latham & Watkins LLP partner Salvatore Vanchieri has steered a gamut of groundbreaking deals, from electric-truck startup Rivian's blockbuster $11.9 billion initial public offering to private equity giant Sixth Street's investment in baseball's San Francisco Giants, landing him a spot among capital markets attorneys under age 40 honored by Law360 as Rising Stars.

  • July 30, 2025

    OCC Hires Top Skadden Banking Atty As New Chief Counsel

    The Office of the Comptroller of the Currency said Wednesday that it is bringing on one of the leaders of Skadden Arps Slate Meagher & Flom LLP's bank regulatory practice to serve as the agency's new top lawyer.

  • July 30, 2025

    BVI Co. Seeks OK Of $5.8M Cost Award In Telecoms Fight

    A British Virgin Islands company is asking a California federal court to enforce a $5.8 million cost award stemming from an arbitration dispute over a failed project to bring satellite broadband internet to sub-Saharan Africa.

  • July 30, 2025

    4 Firms Steer Palo Alto Networks' $25B CyberArk Buy

    Cybersecurity giant Palo Alto Networks revealed plans Wednesday to acquire identity security company CyberArk in a cash-and-stock megadeal valued at $25 billion and built by four law firms.

  • July 30, 2025

    Samourai Wallet Execs Cop To Money-Transmitting Charges

    Two Samourai Wallet executives told a Manhattan federal judge Wednesday that they facilitated bitcoin transfers derived from criminal activity, pleading guilty to scheming to use their crypto-mixer as an unlicensed money transmitter but avoiding a more serious money-laundering conspiracy count.

  • July 30, 2025

    AI, Crypto Securities Class Actions On The Rise, Report Says

    The filing of new securities class actions has remained steady during the first half of 2025, but investor suits related to artificial intelligence and cryptocurrency are on pace to increase, according to a Cornerstone Research report released Wednesday, signaling the recent rapid growth of both industries.

  • July 29, 2025

    ÃÛÌÒÊÓÆµ Plans 'Accelerated' Push To Revamp Open Banking Rule

    The Consumer Financial Protection Bureau on Tuesday persuaded a Kentucky federal judge to stay a banking industry legal challenge to its Biden-era open banking rule, saying it now plans to rewrite the rule on an "accelerated" basis and expects to start next month.

  • July 29, 2025

    Tornado Founder Rests Case In $1B Crypto Laundering Trial

    Tornado Cash co-founder Roman Storm on Tuesday rested his defense case, without taking the stand, in a trial over allegations that he and others facilitated the laundering of more than $1 billion via the cryptocurrency tumbler and ran afoul of U.S. sanctions on North Korea.

  • July 29, 2025

    Hedge Fund Nets $54M In S. Korea Samsung Merger Fight

    South Korea has paid nearly $54 million owed under an arbitral award issued to a U.S. hedge fund in a dispute over a government bribery scandal that allegedly underpinned the $8 billion merger of two Samsung affiliates in 2015, Seoul said on Tuesday.

  • July 29, 2025

    Oil Co. Misled Investors Prior To $295M Offering, Suit Says

    Oil and gas company Sable Offshore Corp. is facing a proposed investor class action alleging the company hurt investors by overpricing a secondary public offering after misrepresenting it had restarted oil production at a field off the coast of California.

  • July 29, 2025

    SEC Tosses Broker's NSCC Margin Rule Challenge

    The U.S. Securities and Exchange Commission has dismissed a bid by Alpine Securities Corp. to challenge heightened margin requirements from the National Securities Clearing Corp., with the commission finding the rules are too broadly applicable to warrant review as a denial of access.

  • July 29, 2025

    SEC Greenlights 'In-Kind' Redemptions For Crypto ETPs

    The U.S. Securities and Exchange Commission voted Tuesday to approve orders to allow cryptocurrency-based exchange-traded products to use in-kind creations and redemptions, aligning with more traditional ETPs.

  • July 29, 2025

    Hawk Tuah Meme Coin Buyers Seek To Combine Their Suits

    Two groups of buyers of the viral "Hawk Tuah" meme-themed cryptocurrency on Monday asked a Brooklyn federal judge to combine their respective securities suits against the project's promoters and developers.

  • July 29, 2025

    Prime Core Ch. 11 Trust Seeks Return Of $2.1M In Transfers

    The litigation trust for Prime Core Technologies has sued to claw back $2.1 million in cash and cryptocurrency paid out to customers in the weeks before its bankruptcy filing, saying other creditors are facing a serious recovery shortfall worsened by the payments.

Expert Analysis

  • Series

    Playing Football Made Me A Better Lawyer

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    While my football career ended over 15 years ago, the lessons the sport taught me about grit, accountability and resilience have stayed with me and will continue to help me succeed as an attorney, says Bert McBride at Trenam.

  • 10 Arbitrations And A 5th Circ. Ruling Flag Arb. Clause Risks

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    The ongoing arbitral saga of Sullivan v. Feldman, which has engendered proceedings before 10 different arbitrators in Texas and Louisiana along with last month's Fifth Circuit opinion, showcases both the risks and limitations of arbitration clauses in retainer agreements for resolving attorney-client disputes, says Christopher Blazejewski at Sherin and Lodgen.

  • The SEC's Administrative Law Courts Are At A Crossroads

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    The U.S. Department of Justice's recent departure from its prior defense of the U.S. Securities and Exchange Commission's administrative law judges' legitimacy moves the forum deeper into a constitutional limbo that likely requires congressional action, says Dean Conway at Carlton Fields.

  • SEC's Noteworthy Stablecoin Guidance Comes With Caveats

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    The U.S. Securities and Exchange Commission recently issued a statement concluding that a narrow class of stablecoins doesn't involve the offer or sale of securities — a significant step forward in recognizing that not all crypto-assets are created equal, though there remains a pressing need for broader regulatory clarity, say attorneys at A&O Shearman.

  • Series

    Power To The Paralegals: The Value Of Unified State Licensing

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    Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.

  • Key Digital Asset Issues Require Antitrust Vigilance

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    As the digital assets industry continues to mature and consolidate during Trump 2.0, it will inevitably bump up against the antitrust laws in a new way, with potential pitfalls related to merger reviews, conspiratorial or monopolistic conduct, and interlocking directorates, say attorneys at Crowell & Moring.

  • Staying The Course On Consumer Financial Law Compliance

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    Although there may be some regulatory uncertainty, with many rule changes on hold, and enforcement actions and investigations terminated, 11 fundamental laws and rules governing consumer financial services are unlikely to change, say attorneys at K&L Gates.

  • 10 Soft Skills Every GC Should Master

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    As businesses face shifting regulatory and technological uncertainty, general counsel will need to strengthen certain soft skills to succeed, from admitting when they make a mistake to maintaining a healthy dose of dispassion, says Douglas Brown at Manatt.

  • Traversing The Shifting Sands Of ESG Reporting Compliance

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    Multinational corporations have increasingly found themselves between a rock and a hard place attempting to comply with EU and California ESG requirements while not running afoul of expanding U.S. anti-ESG regimes, but focusing on what is material to shareholder value and establishing strong governance can help, say attorneys at MoFo.

  • An Unrestrained, Bright-Eyed View Of Legal AI's Future

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    Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.

  • Ban On Reputation Risk May Help Bank Enforcement Defense

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    The Comptroller of the Currency and Federal Deposit Insurance Corp.’s recent commitment to stop examining banks for reputation risk could help defendants in enforcement actions challenge unfavorable assessments and support defendants' arguments for lower civil money penalties, says Brendan Clegg at Luse Gorman.

  • Tracking The Evolution In Litigation Finance

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    Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.

  • Assessing Market Manipulation Claims In Energy Markets

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    Today's energy markets are conducive to sudden price changes, breakdowns in pricing linkages and substantial shifts in trading patterns, so it's necessary to take a holistic view when evaluating allegations of market manipulation, say Maximilian Bredendiek, Greg Leonard and Manuel Vasconcelos at Cornerstone Research.

  • Series

    Volunteer Firefighting Makes Me A Better Lawyer

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    While practicing corporate law and firefighting may appear incongruous, the latter benefits my legal career by reminding me of the importance of humility, perspective and education, says Nicholas Passaro at Ford.

  • Limit On SEC Enforcement Authority May Mean Fewer Actions

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    Following a recent U.S. Securities and Exchange Commission final rule revoking the Enforcement Division director's long-standing authority to issue formal investigation orders, it's clear the division is headed for a new era of limited autonomy, marked by a significantly slower pace of SEC investigations, say attorneys at Ballard Spahr.

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