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Capital Markets
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July 23, 2025
Katten Welcomes Ex-Gibson Dunn Tax Pro In New York
Katten Muchin Rosenman LLP announced on Tuesday that it has added a former Gibson Dunn & Crutcher LLP of counsel to its transactional tax planning practice, noting her extensive experience in the finance space.
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July 23, 2025
Career Cooley Corporate Lawyer Joins DLA Piper In Va.
A career Cooley LLP emerging growth companies lawyer who got his law degree after serving as a captain in the U.S. Air Force is moving from the platform he's spent a decade with to DLA Piper's office just outside the nation's capital.
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July 23, 2025
PE-Backed Consumer Data Giant NIQ Prices $1.1B IPO
Private equity-backed consumer research services provider NIQ Global Intelligence began trading after pricing its initial public offering at $1.1 billion within its marketed range, one of two new listings to debut Wednesday.
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July 22, 2025
SEC Says Ariz. Man Traded On Pal's Divulged Merger Info
An Arizona man has agreed to pay the U.S. Securities and Exchange Commission nearly $168,000 to resolve claims he engaged in insider trading of a trucking company's shares after a friend who worked for the company's competitor informally mentioned his employer's secret acquisition talks.
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July 22, 2025
Investor Sanctioned For Ignoring Telecom Arbitration Award
A New York federal judge has sanctioned an investor in telecommunications infrastructure firm Continental Towers LATAM Holdings Ltd. for ignoring an arbitral award issued in a bitter, yearslong dispute over control of the company, saying he hasn't done enough to vacate offending judgments in the British Virgin Islands.
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July 22, 2025
Basel Exit Could Hurt US Influence, Experts Warn At Fed Event
Banking industry experts warned Tuesday that the U.S. risks undermining its global influence and keeping bank capital costs elevated if it doesn't implement some form of the so-called Basel III endgame, with one former Federal Reserve official likening the prospect of such a retreat to the "Peanuts" gag of Lucy yanking the football from Charlie Brown.
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July 22, 2025
GOP Senators Float Crypto Market Structure Discussion Draft
Republicans on the Senate Banking Committee on Tuesday circulated a discussion draft of their bill to regulate crypto markets building on the House's Clarity Act, which passed the lower chamber last week.
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July 22, 2025
Convicted Crypto Hacker Used Tornado Cash To Aid Coverup
A former Amazon engineer who was sentenced to three years in prison after admitting to stealing approximately $12 million from cryptocurrency exchanges testified Tuesday that he used Tornado Cash as part of a complex scheme to cover his hacking activities, as the trial of its co-founder entered its second week.
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July 22, 2025
CFTC Denied Early Win In $185M Metals Fraud Suit
A Texas federal judge has denied summary judgment to both the Commodity Futures Trading Commission and two individual defendants in a fraud suit that accuses them and their entities of ripping off more than 1,600, mostly elderly, investors and causing over $185 million in customer losses, setting the matter up for a potential trial.
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July 22, 2025
CME E-Trading Was Open Before Data Center, Jury Hears
Chicago Mercantile Exchange members were using electronic trading connectivity tools alongside nonmembers and paying equal access fees for at least a decade before the exchange opened a data center that some members alleged violated their contractual floor exclusivity and access rights, an Illinois jury heard Tuesday.
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July 22, 2025
Bitcoin ATM Co. Enables Crypto Scams, Class Action Says
A retiree who lost $7,000 to scammers filed a proposed class action against bitcoin ATM operator Bitcoin Depot Inc., claiming the company facilitates schemes that target the elderly by failing to intervene in suspicious transactions, misrepresenting its services' security and continuing to take a cut of "red flag" transactions.
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July 22, 2025
Brandy Melville Hits Temu For 'Bait-And-Switch' Copycat Garb
Bargain-shopping app Temu's entrance into the "ultra fast fashion" market might have been "meteoric," but that's because it rips off other brands' intellectual property to sell cheap copycat products, Brandy Melville alleges in a federal lawsuit, claiming Temu even uses the clothing brand's photographs to pull a "bait-and-switch" on shoppers.
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July 22, 2025
Ex-Informant Gentile Should Pay SEC $15.5M, Judge Says
A U.S. magistrate judge has recommended that former government informant Guy Gentile pay $15.5 million to the U.S. Securities and Exchange Commission for failing to register his Bahamas-based brokerage firm with the regulator.
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July 22, 2025
Charter Shareholder Drops Suit Over $37.9B Cox Deal
A Charter Communications Inc. shareholder has withdrawn from Connecticut state court an 11-day-old lawsuit that sought to block a July 31 vote on the company's proposed $37.9 billion acquisition of Cox Communications Inc.
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July 22, 2025
Samourai Wallet Execs Could Explore Plea Deals, Judge Says
Two Samourai Wallet executives accused of using the crypto-mixing service to facilitate $2 billion in illegal transactions denied charges in an updated indictment Tuesday, before a Manhattan federal judge suggested they could explore plea talks ahead of their November trial.
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July 22, 2025
McCarter & English Taps Capital Markets Duo For NY Team
Two transactional attorneys specializing in capital markets and corporate securities have recently moved their practices to McCarter & English LLP's New York office from Sichenzia Ross Ference Carmel LLP.
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July 22, 2025
Tax Software Co. Avalara, Universal Music Submit IPO Plans
Avalara Inc. and music giant Universal Music Group NV have confidentially filed plans for initial public offerings with the U.S. Securities and Exchange Commission, marking the latest two companies to join the private-to-public pipeline.
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July 22, 2025
Longtime Sidley Global Finance Atty Jumps To Paul Hastings
Paul Hastings LLP announced Tuesday that it has grown its asset-backed finance platform by bringing on a former Sidley Austin LLP global finance partner in Chicago.
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July 21, 2025
Forescout To Pay $45M To Settle Merger Disclosure Suit
Cybersecurity company Forescout has inked a $45 million deal with investors to settle claims that it deceived investors about the terms of a botched merger several years ago.
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July 21, 2025
Stablecoin Treasury Co. To Go Public In $360M SPAC Deal
A company intending to give investors exposure to the stable-value token Ethena intends to list on Nasdaq as StablecoinX Inc. via a special purpose acquisition deal that will take it public and provide $360 million to build a treasury of the stablecoin, making it one of at least three firms to tout the adoption of a crypto-focused treasury strategy on Monday.
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July 21, 2025
House GOP Would Cut SEC Funds, Curb Cyber Breach Rule
House Republicans are seeking to cut the U.S. Securities and Exchange Commission's budget by 7% in the upcoming fiscal year, presenting a plan that could also undercut a Biden-era regulation requiring publicly traded companies to quickly report cybersecurity breaches.
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July 21, 2025
Traders' Floor Rights Were 'Essential' In CME Shift, Jury Hears
Chicago Mercantile Exchange leaders wanted to honor and preserve longtime floor traders' exclusive access rights as they explored demutualization due to electronic trading's unclear future at the time, but discussions never addressed plans for members in the event of a total technological takeover, Illinois jurors heard Monday.
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July 21, 2025
BitGo, Bullish Join Crypto IPO Wave With Filings
Cryptocurrency custodian BitGo and venture-backed crypto exchange Bullish have both filed with the U.S. Securities and Exchange Commission to go public, marking an increasing number of crypto-related companies that are eyeing public listings in the current favorable regulatory regime under President Donald Trump.
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July 21, 2025
FinCEN Gives Investment Advisers Reprieve On AML Rule
The U.S. Department of the Treasury has pushed back the compliance date for a rule requiring investment advisers to report suspicious activity to the Financial Crimes Enforcement Network while it weighs the future of the Biden-era regulation.
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July 21, 2025
Crypto-Based Polymarket Sets US Return With Exchange Deal
Prediction market platform Polymarket said Monday it's returning to the U.S. with the acquisition of a registered derivatives exchange, a planned reentry that comes after a recently closed FBI investigation and a 2022 civil regulatory settlement that sent it offshore in the first place.
Expert Analysis
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Series
Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.
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A Guide To Permanent Capital Vehicles As Access Widens
Recent regulatory and legislative actions are making it easier for retail investors to access permanent capital vehicles like closed-end, interval, tender offer and open-end funds, which each offer distinct advantages that are important to review, say attorneys at Mayer Brown.
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How Dfinity Timeliness Ruling Can Aid Crypto Issuers
A California federal court's recent dismissal of a class action against Dfinity, holding that the claims were time-barred by the Securities Act's three-year statute of repose, provides a useful defense for cryptocurrency issuers, which often solicit investments years before minting and distributing the associated tokens, say attorneys at Paul Weiss.
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The CFTC Is Shaking Up Sports Betting's Legal Future
The sports betting industry faces a potential sea change amid recent state and federal actions across the regulatory landscape that have expanded access to sporting event contracts against the backdrop of waning Commodity Futures Trading Commission opposition, says Nick Covek at Foley & Lardner.
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Series
Law School's Missed Lessons: Rejecting Biz Dev Myths
Law schools don’t spend sufficient time dispelling certain myths that prevent young lawyers from exploring new business opportunities, but by dismissing these misguided beliefs, even an introverted first-year associate with a small network of contacts can find long-term success, says Ronald Levine at Herrick Feinstein.
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Move Beyond Surface-Level Edits To Master Legal Writing
Recent instances in which attorneys filed briefs containing artificial intelligence hallucinations offer a stark reminder that effective revision isn’t just about superficial details like grammar — it requires attorneys to critically engage with their writing and analyze their rhetorical choices, says Ivy Grey at WordRake.
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Early Trends In Proxy Exclusion After SEC Relaxes Guidance
The U.S. Securities and Exchange Commission’s recent guidance broadening shareholder proposal exclusion under Rule 14a-8 has been undoubtedly useful to issuers this proxy season, but it does not guarantee exclusion, say attorneys at Debevoise.
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9th Circ. Has Muddied Waters Of Article III Pleading Standard
District courts in the Ninth Circuit continue to apply a defunct and especially forgiving pleading standard to questions of Article III standing, and the circuit court itself has only perpetuated this confusion — making it an attractive forum for disputes that have no rightful place in federal court, say attorneys at Gibson Dunn.
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Series
Competing In Modern Pentathlon Makes Me A Better Lawyer
Opening myself up to new experiences through competing in modern Olympic pentathlon has shrunk the appearance of my daily work annoyances and helps me improve my patience, manage crises better and remember that acquiring new skills requires working through your early mistakes, says attorney Mary Zoldak.
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Atkins' Crypto Remarks Show SEC Is Headed For A 'New Day'
A look at U.S. Securities and Exchange Commission Chairman Paul Atkins' recent speeches provides significant clues as to where the SEC is going next and how its regulatory approach to crypto will differ from that of the previous administration, say attorneys at Eversheds Sutherland.
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Series
Law School's Missed Lessons: Teaching Yourself Legal Tech
New graduates often enter practice unfamiliar with even basic professional software, but budding lawyers can use on-the-job opportunities to both catch up on technological skills and explore the advanced legal and artificial intelligence tools that will open doors, says Alyssa Sones at Sheppard Mullin.
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Texas Targets Del. Primacy With Trio Of New Corporate Laws
Delaware has long positioned itself as the leader in attracting business formation, but a flurry of new legislation in Texas aimed at attracting businesses to the Lone Star State is aggressively trying to change that, says Andrew Oringer at the Wagner Law Group.
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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Two Bills Promise A Crypto Revamp, But Not A Done Deal Yet
Recent efforts in Congress toward an updated regulatory framework for digital assets have led to two bills — the GENIUS Act and the CLARITY Act — that represent the most consequential legislative developments yet in the push for coherent, pro-innovation, reliable regulation for the industry, but both face multiple hurdles, says Mike Katz at Manatt.