Try our Advanced Search for more refined results
Capital Markets
-
August 13, 2025
9th Circ. Greenlights Expansive Use Of Discovery Statute
The Ninth Circuit ruled for the first time that documents produced under a foreign discovery statute may be used in proceedings other than those identified in a petition, affirming an Oregon federal court decision in an acrimonious dispute over control of a Luxembourg-based investment fund.
-
August 13, 2025
2 Estonians Get Time Served For $577M Crypto Ponzi Scheme
Two Estonian nationals have received no additional jail time for operating a $577 million crypto mining Ponzi scheme, despite federal prosecutors' assertions the pair deserved 10 years in prison for the fraud.Â
-
August 13, 2025
SPAC Behind EV Maker Nikola, Shareholders Strike Settlement
Stockholders and board members for the blank-check company that took electric-vehicle maker Nikola public said they reached a $6.3 million deal to end a Delaware Chancery Court lawsuit that accused the SPAC of misleading investors about Nikola's prospects.
-
August 13, 2025
KinderCare Faces Investor Suit Over Pre-IPO Abuse Claims
Early education company KinderCare Learning Companies Inc. is facing a proposed shareholder class action accusing it of misleading investors when the company went public in October 2024.
-
August 13, 2025
Rising Star: Kirkland's Thomas Prommer
Thomas Prommer of Kirkland & Ellis LLP acted as lead counsel on a $7.5 billion private credit facility co-led by Blackstone and Magnetar Capital that provided cloud computing company CoreWeave with critical capital for expanding operations, earning him a spot among the complex financial instruments law practitioners under age 40 honored by Law360 as Rising Stars.
-
August 13, 2025
Pa. Attorney Sues To Thaw $1.5M In Frozen Crypto Assets
A Pittsburgh-area attorney says his cryptocurrency assets worth more than $1.5 million across three platforms were improperly frozen, and he asked a Pennsylvania state court to order his accounts unfrozen.
-
August 13, 2025
Crypto Casino CEO Charged With $4M Fraud Amid Plea Talks
The founder of a cryptocurrency casino previously arrested on suspicion of defrauding investors out of $4 million and transferring large sums to an online gambling site was formally charged on Wednesday amid ongoing plea talks.
-
August 13, 2025
Crypto Co. Bullish Makes Public Debut After Upsized $1B IPO
Venture-backed crypto exchange Bullish made its public debut Wednesday after raising $1.1 billion in its upsized initial public offering, marking the latest in a string of crypto-related companies to dabble in the public markets.
-
August 12, 2025
Bank Groups Call For Closing Stablecoin Law's 'Loopholes'
The American Bankers Association and more than 50 state counterparts on Tuesday urged Senate lawmakers to close several "loopholes" in a recently enacted federal law to regulate stablecoins with recommended additions to a separate proposal to regulate crypto markets.
-
August 12, 2025
Terraform Founder Cops To $40B Crypto Fraud Scheme
The founder and former CEO of Terraform Labs on Tuesday admitted to perpetrating a multibillion-dollar fraud by deceiving investors about its decentralized finance-based ecosystem of crypto products, a scheme that wiped out $40 billion in market value when it collapsed.
-
August 12, 2025
Airbnb Wants Conservative Shareholder Proposal Suit Tossed
Airbnb has asked a Delaware federal court to toss a suit alleging the vacation rental company wrongfully excluded conservative shareholders' proposals from its 2025 proxy materials, arguing they haven't alleged anyone at the company knew about the proposals at all.
-
August 12, 2025
3rd Circ. Spurns Perrigo Investor's Bid To Avoid $97M Deal
A major shareholder in Perrigo Co. PLC has been barred from opting out of a $97 million securities class action settlement, after the Third Circuit held in a precedential opinion on Tuesday that the investor must bear the consequences of its counsel's failure to timely request exclusion.
-
August 12, 2025
No New Foreign Bribery Trial For Ex-Connecticut Oil Trader
A former Connecticut oil trader faces sentencing Nov. 4 after a federal judge declined to overturn a jury's verdict finding him guilty of paying bribes to an official at Brazilian oil giant Petroleo Brasileiro SA and laundering money.
-
August 12, 2025
DOL Yanks 2021 Guidance On Private Equity 401(k) Risks
The U.S. Department of Labor's employee benefits arm on Tuesday rescinded guidance from 2021 that warned 401(k) plan managers about the risks of investing in private equity, which comes after an executive order last week that called for expanding access to alternative asset classes in defined-contribution retirement plan investing.
-
August 12, 2025
Rising Star: Dechert's Melissa Wollis
Melissa Wollis of Dechert LLP steered the largest collateralized loan obligation transaction in history at over $2.3 billion for Golub Capital Partners and helped create the first such transaction since the 2008 financial crisis to offer liabilities denominated in multiple currencies, earning her a spot among the complex financial instruments attorneys under 40 honored by Law360 as Rising Stars.
-
August 12, 2025
Crypto-Focused SPAC Apex Treasury Unveils $250M IPO Plans
Special purpose acquisition company Apex Treasury Corp. has filed plans for a $250 million initial public offering, with the goal of acquiring a blockchain or crypto treasury company.
-
August 12, 2025
Ex-Cognizant, Chevron Exec Joining Galaxy Digital As CLO
Crypto institutional investment and trading firm Galaxy Digital has found a new chief legal officer in the former general counsel of Cognizant Technology Solutions, who also held roles at Chevron and UnitedHealth Group.
-
August 11, 2025
Calif. Trader To Pay SEC $358K Over Spoofing Allegations
A former day trader has agreed to give the U.S. Securities and Exchange Commission nearly $358,000 to end claims he manipulated options markets by means of so-called spoofing, illegally making about $234,000.
-
August 11, 2025
4 Takeaways From Trump's Order To Expand 401(k) Assets
President Donald Trump's recent executive order aimed at expanding 401(k) savers' access to nontraditional 401(k) assets like private equity and crypto could open up a greater portion of the financial market to retirement savers, attorneys say, though plenty of regulatory hurdles lie ahead. Here, Law360 looks at four key takeaways on the order with attorneys and experts.
-
August 11, 2025
FINRA Fines Goldman Over IPO Conflicts Of Interest
Investment banking giant Goldman Sachs has agreed to pay the Financial Industry Regulatory Authority $250,000 to end claims it failed to bring in an independent underwriter to work on a registration statement for a $700 million initial public offering in which Goldman had a conflict of interest.
-
August 11, 2025
Financiers Want Soccer CEO's SPAC Fraud Suit In England
An investment business and two other financiers urged a Florida federal court to dismiss a soccer company CEO's lawsuit alleging civil securities fraud in a complex financing deal, saying similar litigation has already been initiated in the United Kingdom.Â
-
August 11, 2025
Paxos Is Latest Crypto Firm To Seek OCC Bank Charter
Stablecoin issuer Paxos Trust Co. LLC said Monday that it has applied to become licensed and supervised by the Office of the Comptroller of the Currency, joining a wave of digital asset firms that are now pursuing U.S. banking charters from the agency.
-
August 11, 2025
Judge To Order Bond, Sanctions In Crypto Miner's Ch. 11
A Delaware bankruptcy judge said Monday she would require the creditors that petitioned to force a cryptocurrency mining operation into Chapter 11 to post a multimillion-dollar bond in case their petition is dismissed.
-
August 11, 2025
EY Says SPAC Investors' Fraud Suit Is 'Blame-Shifting'
EY's Middle East affiliates asked a New York federal judge to toss claims that they botched audits of United Arab Emirates-based Brooge Petroleum before its merger with a blank-check company to enable a fraudulent scheme against investors, arguing it was up to the plaintiffs to "kick the tires" before recommending the merger.
-
August 11, 2025
Proxy Proposals Shift Away From Politics Under Trump
Shareholder proposals on environmental, social and political topics faced headwinds in early 2025, with both the number of submissions and investor support falling amid Trump administration policy shifts and "dizzying" legal and regulatory changes, Sullivan & Cromwell LLP said in a Monday report.Â
Expert Analysis
-
The Legal Risks Of US Restrictions On Investments In China
The second Trump administration has continued to embrace a more restrictive economic policy toward China, including an ongoing review of further restrictions on the flow of U.S. capital to China, so early planning and enhanced diligence can reduce exposure to the challenges resulting from further restrictions, say attorneys at Cleary.
-
Using Federal Forum Provisions To Nix State Securities Cases
A California appeals court's recent decision in Bullock v. Rivian clarifies that underwriters may enforce federal forum provisions to escape state court Securities Act claims, marking progress in restoring such lawsuits to federal court and reducing the litigation costs arising from duplicative state court litigation, say attorneys at Paul Weiss.
-
Series
Playing Poker Makes Me A Better Lawyer
Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.
-
Does R-Squared Have A Role In Event Study Analysis?
With 2024 marking the second consecutive year to experience an increase in securities class action filings, determining the reliability of event study models is of utmost importance, but it's time to reconsider the traditional method of doing so, say analysts at StoneTurn Group.
-
Opinion
Why It's Time To Retire The Efficient Market Hypothesis
As agentic artificial intelligence systems increasingly affect financial markets, the efficient market hypothesis no longer offers a viable foundation for legal and regulatory engagement, and a new theoretical foundation is needed, say Zachary Brenner, a student at California Western School of Law, and attorney Gary Brenner.
-
Key Aspects Of FDIC's Resolution Planning FAQ
The Federal Deposit Insurance Corp.'s recent FAQ on changes to its resolution plan rule ease burdensome requirements for some large institutions and exempt others from discussion of franchise components, making it easier for banks to finalize submissions before the July 1 deadline, say attorneys at Moore & Van Allen.
-
Series
Law School's Missed Lessons: Becoming A Firmwide MVP
Though lawyers don't have a neat metric like baseball players for measuring the value they contribute to their organizations, the sooner new attorneys learn skills frequently skipped in law school — like networking, marketing, client development and case evaluation — the more valuable, and less replaceable, they will be, says Alex Barnett at DiCello Levitt.
-
What We Lost After SEC Eliminated Regional Director Role
Former U.S. Securities and Exchange Commission Regional Director Marc Fagel discusses the recent wholesale elimination of the regional director position, the responsibilities of the job itself and why discarding this role highlights how the appearance of creating a more efficient agency may limit the SEC's effectiveness.
-
4th Circ. Latest To Curb Short-Seller Usage In Securities Suits
The Fourth Circuit's recent decision in Defeo v. IonQ will serve as a powerful and persuasive new precedent for corporate defendants as courts continue curtailing securities class action plaintiffs' use of short-seller reports to plead federal securities law claims, say attorneys at Alston & Bird.
-
$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
-
Series
Teaching Business Law Makes Me A Better Lawyer
Teaching business law to college students has rekindled my sense of purpose as a lawyer — I am more mindful of the importance of the rule of law and the benefits of our common law system, which helps me maintain a clearer perspective on work, says David Feldman at Feldman Legal Advisors.
-
SEC's Crypto Statement Offers Clarity On Disclosures
While the crypto industry awaits a definitive rule from the U.S. Securities and Exchange Commission on whether a crypto-asset is a security, its recent guidance provides a road map for registrants seeking to comply with current disclosure requirements and shows the commission is working toward a comprehensive regulatory framework, say attorneys at Debevoise.
-
Deregulation Memo Presents Risks, Opportunities For Cos.
A recent Trump administration memo providing direction to agencies tasked with rescinding regulations under an earlier executive order — without undergoing the typical notice-and-review process — will likely create much uncertainty for businesses, though they may be able to engage with agencies to shape the regulatory agenda, say attorneys at Blank Rome.
-
Series
Law School's Missed Lessons: Mastering Discovery
The discovery process and the rules that govern it are often absent from law school curricula, but developing a solid grasp of the particulars can give any new attorney a leg up in their practice, says Jordan Davies at Knowles Gallant.
-
DOJ Signals Major Shift In White Collar Enforcement Priorities
In a speech on Monday, an official outlined key revisions to the U.S. Department of Justice’s voluntary self-disclosure, corporate monitorship and whistleblower program policies, marking a meaningful change in the white collar enforcement landscape, and offering companies clearer incentives and guardrails, say attorneys at McGuireWoods.