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Capital Markets

  • September 10, 2025

    FINRA Fines Jefferies $1M Over Inaccurate Reserve Math

    Financial services giant Jefferies LLC has been fined $1 million by the Financial Industry Regulatory Authority after its improper reserve calculations caused the firm to file a number of inaccurate reports, it said.

  • September 10, 2025

    Trump To Take Fed Gov. Cook's Removal Case To DC Circ.

    President Donald Trump on Wednesday told a Washington, D.C., federal judge that the government will appeal the judge's decision granting a temporary win to Federal Reserve Gov. Lisa Cook in her challenge to the president's attempt to remove her from her position.

  • September 10, 2025

    Trump's Pick For Fed Board Seat Moves Ahead To Full Senate

    The U.S. Senate Banking Committee on Wednesday endorsed President Donald Trump's bid to install Stephen Miran, a top White House economist, at the Federal Reserve, advancing his nomination over Democratic objections that he would be a Trump loyalist rather than an independent central banker.

  • September 10, 2025

    DOJ Must Hand Over Documents To Ex-JPMorgan Trader

    A Washington, D.C., federal judge has ruled that the U.S. Department of Justice did not properly withhold portions of documents that reference grand jury exhibits from a former JPMorgan trader that were part of a market manipulation case that he beat in 2018, and ordered the DOJ to turn over the documents in question.

  • September 10, 2025

    AI Infrastructure Startup Nebius Seeks $3B To Fuel Expansion

    Dutch artificial intelligence infrastructure company Nebius Group N.V. on Wednesday announced plans to raise up to $3 billion to further fuel its growth, a move that comes just days after the tech company revealed a multibillion-dollar partnership with Microsoft.

  • September 10, 2025

    SEC Taps Gibson Atty To Head Corporation Finance Division

    The U.S. Securities and Exchange Commission on Wednesday named the co-chair of Gibson Dunn & Crutcher LLP's securities regulation practice as the new leader of its Division of Corporation Finance, which is responsible for writing rules and providing guidance to publicly traded companies on shareholder disclosure matters, among other things.

  • September 10, 2025

    Molson Coors Kept Subpar Fund In $2B 401(k) Plan, Suit Says

    Molson Coors kept a risky and poorly performing fund in its nearly $2 billion employee 401(k) plan, costing plan participants millions of dollars in retirement savings, a former worker for the brewing giant said in a proposed class action in Wisconsin federal court.

  • September 10, 2025

    Kirkland Adds Fintech Regulatory Partner From McDermott

    Kirkland & Ellis LLP has enhanced its fintech regulatory compliance capabilities in New York with the addition of an experienced corporate partner who joins the firm from McDermott Will & Schulte.

  • September 09, 2025

    Fed Reserve Gov. Cook Wins Removal Reprieve For Now

    Federal Reserve Gov. Lisa Cook, for now, can stay on the Fed's board while she challenges President Donald Trump's attempt to strip her of her position, a D.C. federal judge ruled late Tuesday, saying Cook has "made a strong showing" that her purported removal was likely illegal.

  • September 09, 2025

    Davis Polk Leads Klarna's Above-Range $1.4B IPO

    Swedish fintech startup Klarna, led by Davis Polk & Wardwell LLP, priced its highly anticipated initial public offering above its range on Tuesday, raising $1.37 billion, a move that comes months after its public debut was paused amid backlash to President Donald Trump's tariff announcement in April. 

  • September 09, 2025

    Ex-SEC Trading And Markets Special Counsel Joins Skadden

    Skadden Arps Slate Meagher & Flom LLP has added a former U.S. Securities and Exchange Commission attorney to its white collar defense and regulatory team in its Washington, D.C., office, the firm announced Tuesday.

  • September 09, 2025

    McKinsey Expects $106T Global Infrastructure Spend By 2040

    McKinsey said in a report Tuesday that over the next 15 years, $106 trillion is needed worldwide to keep up with demand for new and improved infrastructure, an industry that's expanding in definition along with advances in technology.

  • September 09, 2025

    SEC Sued To Lift Private Market Investment Cap

    A U.S. Securities and Exchange Commission regulation that prohibits individuals making less than $200,000 a year from investing in the private markets is unconstitutionally discriminatory, according to a lawsuit launched against the agency in Texas federal court.

  • September 09, 2025

    CFTC Fines Colo. Trader Over Futures Market Spoofing Claim

    The U.S. Commodity Futures Trading Commission announced Tuesday that a Colorado man has agreed to pay $200,000 to settle allegations that he spoofed a pair of futures markets on the Chicago Mercantile Exchange.

  • September 09, 2025

    Coinbase Vendor Called 'Major' Cog In 'Insider Bribery' MDL

    A Manhattan federal judge said Tuesday that a Texas-based Coinbase vendor called TaskUs will be a "major participant" in multidistrict litigation centralized in New York over allegations that thousands of Coinbase customers were victimized in a bribery-fueled data compromise.

  • September 09, 2025

    Fund Managers, Firms Owe SEC $27.6M After Jury Trial Loss

    Two men and their companies owe the U.S. Securities and Exchange Commission $27.6 million in disgorgement, interest and fines after a Wisconsin jury found they violated federal securities law with an offering that raised $53 million through "largely fictitious" gains in a fund valued in part on a gem and mineral collection.

  • September 09, 2025

    Why SEC, CFTC Crypto Rules 'Sprint' Could Be A Marathon

    The White House-backed push to entice the crypto industry's return to the U.S. with clearer rules is off to a quick start, but experts say the process could drag on longer than anticipated as regulators navigate competing interests of embracing the evolving digital assets market and protecting consumers.

  • September 09, 2025

    4 Firms Build Horizon Quantum's $503M SPAC Merger

    Quantum computing software developer Horizon Quantum Computing Pte. Ltd. on Tuesday announced plans to go public through a merger with special purpose acquisition company dMY Technology Group in a deal that values it at $503 million and was built by four law firms.

  • September 08, 2025

    Texas Data Center Campus Developer Files For IPO

    Former U.S. energy secretary Rick Perry's Fermi America filed for an initial public offering Monday, guided by Haynes and Boone LLP and Vinson & Elkins LLP.

  • September 08, 2025

    CoinShares, Infleqtion To Hit Public Markets Via SPAC Mergers

    Two separate companies, digital asset manager CoinShares International Ltd. and quantum computing company Infleqtion, on Monday announced plans to go public through mergers with special-purpose acquisition companies in two deals that combined are worth an estimated $3 billion.

  • September 08, 2025

    Las Vegas Man Gets 7 Years For $1.4M Fraud Scheme

    A Las Vegas man who pled guilty to charges related to defrauding investors out of $1.4 million, largely for a phony cannabis manufacturing venture, was sentenced to seven years in prison by a New York federal judge in a Friday order that more than doubled the maximum time prosecutors sought.

  • September 08, 2025

    Nasdaq Seeks SEC Nod To Trade Tokenized Securities

    Nasdaq said on Monday that it has submitted to the U.S. Securities and Exchange Commission its proposal to facilitate tokenized securities trading on the Nasdaq Stock Market, in an effort to "support the evolution of the markets."

  • September 08, 2025

    Securities Class Actions Had A Late Summer Appellate Bloom

    While the later summer months are often a quiet time for the nation's courts, the federal appellate courts were hard at work this past July and August issuing important rulings on class certification standards for shareholder lawsuits and handing down split-panel decisions over the future of disclosure litigation.

  • September 08, 2025

    Swedish Video Game Co. Beats Suit Over Compliance Issues

    A Pennsylvania federal judge dismissed claims against Evolution AB in a suit claiming the Swedish gaming company misled investors about its growth and that its subsidiaries routinely conducted business with unlicensed customers, finding that the court does not have jurisdiction over Evolution, since it is not "at home" in Pennsylvania.

  • September 08, 2025

    2 Firms Steer $540M IPO For Oilfield Water Infrastructure Co.

    Houston, Texas-based oilfield water management company WaterBridge Infrastructure said Monday that it is seeking to raise up to $540 million in an initial public offering guided by Latham & Watkins LLP and Gibson Dunn & Crutcher LLP.

Expert Analysis

  • Opinion

    4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • Quantifying Trading-Based Damages Using Price Impact

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    The U.S. Securities and Exchange Commission will likely increasingly rely on price impact analyses to demonstrate pecuniary harm from trading-related misconduct, meaning measuring price impact will be helpful in challenging SEC disgorgement, determining appropriate remedies, and assessing loss causation and damages in private litigation, says Vyacheslav Fos at Boston College and Erin Smith at Compass Lexecon.

  • Congress Crypto Movement Could Bring CFTC 'Clarity' At Last

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    The Clarity Act's arrival at the House floor during "Crypto Week" in Congress demonstrates enduring bipartisan support for legislation addressing digital assets and the Commodity Futures Trading Commission's important role in a future regulatory structure, say attorneys at DLA Piper.

  • Practical Implications Of SEC's New Crypto Staking Guidance

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    The U.S. Securities and Exchange Commission's recent staff guidance that protocol staking does not constitute securities offerings provides a workable compliance blueprint for crypto developers, validators and custodial platforms willing to keep staking strictly limited to protocol-driven rewards, say attorneys at Cahill.

  • Stablecoin Bills Present Opportunities, Challenges For Banks

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    Stablecoin legislation that Congress is expected to adopt in the coming weeks — the GENIUS and STABLE Acts — would create openings for banks to engage in digital asset activities, but it also creates a platform for certain tech-savvy nonbanks to directly compete, say attorneys at Arnold & Porter.

  • How Attys Can Use AI To Surface Narratives In E-Discovery

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    E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.

  • Leveraging Diligence Findings For Better Life Sciences Deals

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    Life sciences parties should utilize due diligence strategically to review and draft deal documents, address issues identified during the diligence, and craft solutions to achieve the party's transactional goals, says Anna Zhao at Gunner Cooke.

  • Capital One Deal Approval Lights Up Path For Bank M&A

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    The federal banking regulators' recent approval of Capital One's acquisition of Discover signals the agencies' willingness to approve large transactions and a more favorable environment generally for bank mergers under the Trump administration, say attorneys at Arnold & Porter.

  • Gauging The Risky Business Of Business Risk Disclosures

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    With the recent rise of securities fraud actions based on external events — like a data breach or environmental disaster — that drive down stock prices, risk disclosures have become more of a sword for the plaintiffs bar than a shield for public companies, now the subject of a growing circuit split, say attorneys at A&O Shearman.

  • Series

    Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • SEC Proposal Could Hurt Foreign Issuers' US Market Access

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    The U.S. Securities and Exchange Commission’s June call for feedback on potentially narrowing how it designates foreign private issuers of securities could ultimately result in significant new barriers for traders that rely on FPI accommodations to participate in U.S. markets, say attorneys at Gibson Dunn.

  • DOJ's 1st M&A Declination Shows Value Of Self-Disclosures

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    The U.S. Department of Justice's recent decision not to charge private equity firm White Deer Management — the first such declination under an M&A safe harbor policy announced last year — signals that even in high-priority national security matters, the DOJ looks highly upon voluntary self-disclosures, say attorneys at Perkins Coie.

  • Series

    Law School's Missed Lessons: Practicing Self-Care

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    Law schools don’t teach the mental, physical and emotional health maintenance tools necessary to deal with the profession's many demands, but practicing self-care is an important key to success that can help to improve focus, manage stress and reduce burnout, says Rachel Leonard​​​​​​​ at MG+M.

  • Nev. Steps Up Efforts To Attract Incorporations With New Law

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    Recent amendments to Nevada corporate law, which will narrow controlling stockholders’ liability, streamline mergers and allow companies to opt out of jury trials, show the interstate competition to attract new and reincorporating companies is still heating up, say attorneys at Simpson Thacher.

  • ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'

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    The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.

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