Republicans on the House Financial Services Committee have called for the Office of the Comptroller of the Currency to pursue regulatory workarounds to neutralize fallout from the Second Circuit’s Madden decision, saying the ruling has led to “significant uncertainty and disruption in many types of lending programs.”
A pair of investment firms will get their money back from a California-based company that claimed to have interests in residential properties and silver stockpiles but was actually buying cryptocurrency before defaulting on a loan, according to a Massachusetts federal judge's order on Monday.
Another former binary options trader was sentenced to prison on Monday for his role in a $145 million investment scam based out of Israel.
A New York federal court on Monday tossed conspiracy claims against Brazilian engineering conglomerate Odebrecht in a suit that ties the plummeting value of its bonds to a $3.3 billion bribery scheme, finding that alleged financial misrepresentations weren't the result of a formal agreement between the company and its subsidiary.
The U.S. arm of cryptocurrency exchange giant Binance will begin trading in the U.S. on Tuesday, offering trades across various cryptocurrencies and from fiat to crypto, Binance.US said Monday.
Four biotechnology companies set price ranges Monday on initial public offerings that could raise a combined $526 million to develop drugs that fight cancer and other diseases, signaling a busy start for October’s IPO market.
A Russian crypto-entrepreneur in Beverly Hills, California, collected substantial funds from would-be investors, telling them he could septuple their income with investments in initial coin offerings, then abandoned his website and stopped responding to messages, his customers allege in a suit filed in federal court Friday.
Ripple Labs has moved to dismiss a consolidated complaint in California federal court that alleges its offering of the XRP cryptocurrency was in fact an unregistered securities offering, saying the allegations were brought too late and highlighting various other deficiencies.
A former Societe Generale SA executive accused of rigging the Paris bank's submissions to the London Interbank Offered Rate asked the Second Circuit to throw out the case Friday, saying a lower court wrongly classified her as a fugitive.
CME Group Inc. intends to start offering options on its bitcoin futures contracts in the first quarter of 2020, pending any regulatory hiccups, the exchange said Friday.
Messaging platform Slack Technologies Inc. and some of its current and former officers were hit with an investor lawsuit Thursday in California federal court just months after the direct listing that brought the company public.
A Texas federal court agreed on Thursday to rethink its 2017 ruling that determined the interest rate for calculating damages in the Federal Deposit Insurance Corp.'s suit over Deutsche Bank Securities Inc.'s sale of shoddy residential mortgage-backed securities.
Seven law firms will steer four initial public offerings slated to price during the week of Sept. 23, led by an estimated $1.1 billion offering by home exercise startup Peloton Interactive and Hollywood talent agency Endeavor Group's potential $600 million IPO.
A former sales representative in the binary options industry was sentenced to 14 months in prison Friday morning for her role in a $145 million investment scam based out of Israel.
Argentine cement maker Loma Negra told a New York federal court Thursday that shareholders' allegations that the company misled them should be tossed, as the plaintiffs haven’t been able to point to any false statements in the disclosures surrounding its $1 billion initial public offering.
The Beijing-based Jianpu Technology Inc. has told a New York federal judge that a stock-drop suit claiming it didn’t disclose impending government regulations before launching its initial public offering is pleading a textbook case of “fraud by hindsight.”
Puerto Rico’s federally appointed oversight board is urging the U.S. Supreme Court to overturn the First Circuit’s decision that its members require Senate approval, saying their appointment and authority fall within constitutional bounds.
Martina Rejsjö and Jimmy Kvarnström talk to Law360 about Nasdaq’s big focus on innovation to better detect patterns in trading behavior, the skills required to work in a tech-driven environment and the issues that take up the bulk of their time on a daily basis.
The Second Circuit on Friday reinstated the conviction of a former Nomura Securities International Inc. bond trader’s conviction for adding secret profit margins to residential mortgage-backed bond transactions, finding the lower court’s interpretation of the appellate court’s latest Litvak ruling was “overbroad.”
The U.S. Commodity Futures Trading Commission is actively courting whistleblowers who may know about misconduct outside of the regulator’s usual domain as it ramps up enforcement in areas typically dominated by the Financial Crimes Enforcement Network and U.S. Department of Justice.
The Sacramento office building that houses Orrick, DLA Piper and Jackson Lewis outposts will be snapped up for $199 million by a Manulife Financial Corp. real estate investment arm, according to an announcement Thursday.
A Los Angeles-area school district and its superintendent settled allegations that they conducted a fraudulent $100 million municipal bond offering in late 2016, the U.S. Securities and Exchange Commission announced Thursday, while a second, ex-district official faces a related civil suit in federal court.
Venture-backed analytics company Datadog Inc. saw shares roar in its public debut on Thursday after completing an above-range $648 million initial public offering, the largest of three fresh IPOs that raised a combined $886 million.
Airbnb on Thursday said it plans to go public in 2020, but did not disclose any financial target or the number of shares it plans to float, which could be one of the largest offerings of the coming year.
An Illinois federal judge on Wednesday dismissed a lawsuit from an investor in AbbVie Inc. who claimed the pharmaceutical company caused investors to lose $100 million when it corrected the preliminary results of its May 2018 Dutch tender offer.
As an early advocate of the American Bar Association's year-old well-being pledge, we launched an integrated program to create and sustain a supportive workplace culture with initiatives focused on raising mental health awareness, embracing creativity and giving back to the community, says Casey Ryan at Reed Smith.
Our firm drives a holistic concept of well-being through educational opportunities, such as a series of expert-led workshops intended to address mental health and substance abuse issues that we vowed to fight when we signed the American Bar Association's well-being pledge one year ago, says Krista Logelin at Morgan Lewis.
As the number of corporate borrowers transacting in cryptocurrency is likely to increase, this additional pool of value may be of interest to lenders, who should consider some administrative and legal questions as they weigh crypto collateral's costs and benefits, say Jerome McCluskey of Milbank, and Cameron Winklevoss, Tyler Winklevoss, Sarah Olsen and Josh Rawlins of Gemini Trust.
Signing the American Bar Association's well-being pledge last year was a natural progression of our firm's commitment to employee wellness, which has included developing partnerships with professionals in the mental health space to provide customized programming to firm attorneys and staff, say Annette Sciallo and Mark Goldberg at Latham.
One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.
The U.S. Securities and Exchange Commission's recent decision holding that Financial Industry Regulatory Authority expulsions are remedial, not punitive, spells out how far a regulator can go in sanctioning securities misconduct in light of the U.S. Supreme Court's Kokesh opinion, says Clinton Marrs of Marrs Griebel Law.
After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.
Although the Federal Trade Commission determined Third Point inadvertently missed Hart-Scott-Rodino Act filings associated with its investments in newly merged DowDuPont, the FTC's enforcement action underscores the need for attention to compliance with the antitrust law, even when the trigger is another company's transaction, say attorneys at Arnold & Porter.
The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.
Cryptocurrency-mining company Bitmain's reported plans for an initial public offering have thrust the influence of mining pools and application-specific integrated circuits on the competitive landscape into the spotlight, raising questions over whether they promote mining centralization, says Marc Martos-Vila at Econ One Research.
If the Pacific Gas and Electric bankruptcy allows for the underestimation of tort creditors' claims to leave value for existing shareholders, it will represent an enormous failure that would call into question the fairness of our shareholder capitalism system, says researcher J.B. Heaton.
Recent changes to the U.S. Securities and Exchange Commission staff's role as arbiter of shareholder proposals only add more complexity to the Rule 14a-8 process, which was already fraught with uncertainty for filers preparing to navigate the upcoming proxy season, say attorneys at Davis Polk.
In the absence of a federal rule governing deposition location, federal courts are frequently called on to resolve objections to out-of-state deposition notices. Recent decisions reveal what information is crucial to courts in making the determination, says Kevin O’Brien at Porter Wright.
Foreign companies that issue securities stateside may face increased litigation risk in the wake of the U.S. Supreme Court’s denial of certiorari in Stoyas v. Toshiba, increasing the importance of economic considerations, such as price impact, market efficiency and aggregate exposure, say principals at Cornerstone Research.
Federal Rule of Civil Procedure 57 and its state counterparts provide a method for expediting claims for declaratory judgment that warrants closer attention than it has historically received from litigants and courts, say attorneys at Gibson Dunn.