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Capital Markets

  • November 10, 2025

    SEC Accuses Ex-Fintech CEO Of $60M Fraud In SPAC Merger

    Securities regulators sued the founder of Triterras Fintech in New York federal court, accusing him of misleading investors about Triterras' trade finance platform to secure a business combination with a special purpose acquisition company in November 2020, netting himself $60 million while investors suffered significant losses. 

  • November 10, 2025

    Sen. Ag Committee Gives CFTC Crypto Oversight In Draft Bill

    The U.S. Commodity Futures Trading Commission would have "exclusive jurisdiction" over so-called digital commodities under a discussion draft of legislation to regulate crypto markets released Monday by Senate Agriculture Committee Chairman John Boozman, R.-Ark., and Sen. Cory Booker, D.-N.J.

  • November 10, 2025

    PwC Not Liable For Bloom Energy Statements, 9th Circ. Rules

    The Ninth Circuit on Monday affirmed the dismissal of claims that investors in Bloom Energy Corp. filed against PriceWaterhouseCoopers, saying that as the renewable energy company's outside accountant, PwC couldn't be held strictly liable for financial statements simply because it certified them.

  • November 10, 2025

    Blockchain Co. Brings Defamation Suit Against Short Seller

    Blockchain-focused firm Datavault AI Inc. is suing an activist short seller for publishing a report the company said is "riddled with outright falsehoods, inflammatory accusations and cherry-picked half-truths" about an executive's past run-in with the U.S. Securities and Exchange Commission and the extent to which its blockchain is used.

  • November 10, 2025

    Accolade Wants 'Slip Of The Tongue' Investor Fraud Suit Axed

    Accolade Inc. and its CEO have asked a New York federal judge to toss a suit alleging they made false statements about the healthcare company's profitability to prop up share prices before announcing plans to go private, saying the amended complaint is investors' "second attempt to plead a 'fraud' case based on an obvious slip of the tongue."

  • November 10, 2025

    Kalshi, Robinhood Beat Tribes' Bid To Block Events Contracts

    A California federal judge declined to issue a preliminary injunction on Monday blocking prediction platform Kalshi and Robinhood from offering their sports event contracts that some Native American tribes allege constitute illegal gambling, saying they have not shown how the platforms are subject to a statute protecting tribal gaming.

  • November 10, 2025

    IRS Sets Safe Harbor For Trusts Staking Digital Assets

    Investment and grantor trusts can stake their digital assets — which can generate passive income — without losing their tax benefits if they meet certain requirements, including obtaining approval from the U.S. Securities and Exchange Commission to authorize such activities, the Internal Revenue Service said in a revenue procedure Monday.

  • November 10, 2025

    Apollo Sports Capital Takes Majority Stake In Atlético Madrid

    Apollo Sports Capital, guided by Allen Overy Shearman Sterling, said Monday it will acquire a majority stake in Spanish soccer club Atlético de Madrid, but did not disclose financial details.

  • November 10, 2025

    PE Firm Investindustrial Inks $2.9B Deal For TreeHouse Foods

    Private equity firm Investindustrial has struck a deal to acquire food manufacturer TreeHouse Foods Inc. for $2.9 billion in an all-cash transaction that will take the company private, the two companies announced Monday.

  • November 10, 2025

    ProphetX Seeks CFTC Approval For Sports Event Contracts

    Sports prediction company ProphetX said Monday it has applied to the U.S. Commodity Futures Trading Commission to become a federally regulated prediction market exchange specifically targeting sports-based event contracts.

  • November 10, 2025

    Justices Won't Hear Serta Simmons Ch. 11 Plan Challenge

    The U.S. Supreme Court declined Monday to take up a challenge by Serta Simmons lenders to a Fifth Circuit ruling last year that rejected the mattress maker's controversial "uptier" debt exchange, choosing not to consider whether the appellate court erred in altering Serta's Chapter 11 plan without allowing a new vote on it.

  • November 10, 2025

    Justices Won't Hear Ex-Energy Exec's Insider Trading Appeal

    The U.S. Supreme Court declined Monday to consider arguments from a former executive of a Texas energy company that his insider-trading and fraud convictions were based on unconstitutionally vague statutes and violate the separation-of-powers doctrine.

  • November 10, 2025

    Justices Won't Wade Into Jurisdiction Question In Fee Dispute

    The U.S. Supreme Court on Monday opted against taking up a dispute over an $829,000 award in favor of a satellite technology company that tested how far federal court jurisdiction extends to state law causes of action.

  • November 07, 2025

    Fed's Miran Says Stablecoins Spur Demand For Treasurys

    Federal Reserve Gov. Stephen Miran said Friday that he believes stablecoins are already increasing demand for U.S. Treasury bonds, and that continued adoption of the stable-value tokens could lead to lower interest rates in the future.

  • November 07, 2025

    Athena Bitcoin Hit With Class Action Over Consumer Fees

    Athena Bitcoin Inc., an operator of so-called bitcoin automated teller machines, was hit with a consumer's proposed class action in Florida federal court accusing it of charging customers excessive and undisclosed fees and operating without a proper money transmitting license.

  • November 07, 2025

    States Say Macquarie Not Applicable To NH High Court Case

    State securities regulators are urging New Hampshire's Supreme Court to uphold a fine against a medical device company whose leader was alleged to have misled investors about his prior legal issues, arguing that the case bears no resemblance to one ruled on by the U.S. Supreme Court last year.

  • November 07, 2025

    TaskUs $17.5M Investor Deal Should Get Final OK, Judge Says

    Investors in outsourced digital customer service company TaskUs should get a final nod for their $17.5 million settlement of claims that the company improperly influenced its ratings on the employer review website Glassdoor, a federal magistrate judge has recommended.

  • November 07, 2025

    Unicoin Raised $100M Off 'Worthless' Investments, Suit Says

    Cryptocurrency company Unicoin faces a proposed class action accusing it of fraudulently raising $100 million on the strength of claims that it planned to issue investors asset-backed cryptocurrency tokens, overstating its asset holdings and never issuing the tokens.

  • November 07, 2025

    Mistrial Declared For MIT Bros In $25M Crypto Heist Case

    The trial of two MIT-educated brothers accused of a $25 million crypto heist that capitalized on a software glitch on the Ethereum platform ended in a mistrial late Friday, after jurors made clear in an emotional note that they could not reach a unanimous verdict.

  • November 07, 2025

    Fed Faces Dem Grilling Over 30% Supervision Staff Cut Plan

    The Federal Reserve's plan to cut its bank supervision workforce by 30% is facing fresh scrutiny from the Senate Banking Committee's top Democrat, who is calling on the central bank to explain how the downsizing will affect its ability to police Wall Street.

  • November 07, 2025

    Telecom Co. Held In Contempt Over Docs In Tower Dispute

    A New York federal judge found telecommunications tower company DT Holdings Inc. in contempt this week for failing to produce documents related to a Guatemalan court fight that resulted in the seizure of 163 towers worth more than $20 million.

  • November 07, 2025

    Block Says Cash App Probe, Bigger SF Tax Bill Could Cost It

    Jack Dorsey's fintech firm Block Inc. told investors that it may take a financial hit from a multistate probe into its mobile payments platform CashApp, and remains locked in a separate multimillion-dollar tax dispute with the County of San Francisco over its bitcoin sales.

  • November 07, 2025

    Fla. Atty Missed $36K Fee Deadline Over AI Use, Execs Say

    A Canadian lawyer and a former executive for a Canadian electronics company have asked a Florida federal court to compel a sanctioned attorney to pony up $36,663 in fees imposed over artifical intelligence-hallucinated case citations he included in filings in now-dismissed federal suits, after he missed a 90-day deadline to pay.

  • November 07, 2025

    3 Firms Guide Dubai Hookah Maker's $1.75B SPAC Merger

    Three law firms are guiding Dubai hookah brand owner AIR Ltd. on its agreement to go public in the U.S. through a $1.75 billion deal with blank-check firm Cantor Equity Partners III, the companies said on Friday. 

  • November 07, 2025

    Trump Media Q3 Loss Widens On Rising Legal Costs

    Truth Social operator Trump Media & Technology Group Corp. on Friday reported larger third-quarter losses than in the year prior due to growing legal expenses related to a special purpose acquisition company merger that took President Donald Trump's media company public last year.

Expert Analysis

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • A Foreign Currency Breach Won't Always Sink EB-5 Cases

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    Recent court decisions show that, while EB-5 investors must be able to show the lawfulness of their funds and methods of transfer, a third-party currency exchanger's violation of another country’s currency export control law does not, by itself, taint the funds for purposes of U.S. investment, says Jun Li at Reid & Wise.

  • 'Solicit' Ruling Offers Proxy Advisers Compliance Relief

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    The D.C. Circuit recently found that proxy voting advice does not fall under the legal definition of "solicitation," significantly narrowing the U.S. Securities and Exchange Commission's regulatory power over such advisers, offering stability to the proxy advisory industry and providing temporary relief from new compliance burdens, say attorneys at Sheppard Mullin.

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • State Crypto Regs Diverge As Federal Framework Dawns

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    Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • MIT Bros.' Crypto Charges Provide Fraud Test Case For Gov't

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    As U.S. v. Peraire-Bueno, involving cryptocurrency fraud charges against brothers who graduated from the Massachusetts Institute of Technology, moves forward after surviving a motion to dismiss, the case provides an early example of how the government might use the federal fraud statutes to regulate decentralized networks, say attorneys at ArentFox Schiff.

  • 9th Circ. Finding That NFTs Are Goods Will Change TM Law

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    The Ninth Circuit's recent ruling in Yuga Labs v. Ripps establishes that NFTs have real, commercial value under U.S. federal trademark law, a new legal precedent that may significantly influence intellectual property enforcement and marketplace policies regarding digital assets going forward, say attorneys at Wilson Elser.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • 3 Rulings Show Hurdles To Proving Market Manipulation Fraud

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    Three recent conviction reversals from New York federal courts highlight the challenges that prosecutors face in establishing fraud and market manipulation allegations, suggesting that courts are increasingly reluctant to find criminal liability when novel theories are advanced, say attorneys at WilmerHale.

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