Digital asset manager Grayscale said Thursday it has filed to register a $630 million investment fund focused on top cryptocurrencies with the U.S. Securities and Exchange Commission.
A blank-check company seeking to combine with a health care business that has the capacity to develop new drug therapies and technologies told regulators Thursday it plans to raise $200 million in an initial public offering guided by Kirkland and Ellenoff Grossman.
China’s Full Truck Alliance could be worth $20 billion after an IPO, Alex Rodriguez and an entrepreneur might pay $1.5 billion for two Minnesota basketball teams, and a proposed SPAC merger could value Vice Media at about $3 billion. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.
Citing "significant trading volatility" in its sector, the parent company of mortgage insurance business Enact Holdings said Thursday it was postponing the unit's $496 million initial public offering.
A Canadian company lost an opportunity to buy cryptocurrency worth nearly $33 million when two Pennsylvania attorneys allegedly ran a fraudulent scheme for nearly five months, according to a new federal civil suit filed Wednesday.
Digital currency group Diem Association, which is backed by Facebook, has withdrawn its application for authorization in Switzerland as a blockchain-based payment system to allow it to focus on the U.S., the Swiss financial watchdog has said.
Self-styled Bitcoin inventor Craig Wright on Wednesday formally launched legal claims in the U.K. against 16 Bitcoin developers, saying they should help him recover access to roughly £4 billion ($5.6 billion) in cryptocurrency.
Figure Securities said Wednesday it had received regulatory approval for broker-dealer status and registered a blockchain-based trading system for digital securities.
A proposed class of investors is accusing Florida plastic recycling company PureCycle of misleading them about its technology and financial projections, as well as its access to raw materials, as it went public through a merger with a blank-check company earlier this year.
A New York federal judge ruled Wednesday that a group of Revlon lenders that were accidentally wired more than $500 million by Citibank NA last summer should be able to have access to that money while the bank takes its clawback effort to the Second Circuit, though he won't be unfreezing the funds just yet.
A proposed class of World Travel Inc. employees has accused Prudent Fiduciary Services and its owner of overpaying for a $200 million stock buyback from the company's founders by saddling the employee ownership plan with "tens of millions" of dollars in debt.
Cross-border e-commerce firm Global-e Online Ltd. led a trio of initial public offerings that debuted Wednesday after raising a combined $568 million under the guidance of seven law firms.
A D.C. federal judge opted Wednesday to admonish Paul Weiss Rifkind Wharton & Garrison LLP and former firm partner Alex Oh in connection with the Exxon human rights case that appears to have led Oh to resign prematurely from her new post as enforcement head of the U.S. Securities and Exchange Commission.
Fintech startup Affirm has promoted as its next chief legal officer an attorney whose background includes being general counsel for Toyota Financial Services, the company has announced.
Electric scooter startup Bird will hit the public markets at an enterprise value of $2.3 billion by merging with a special purpose acquisition company, in a deal put together with assistance from respective legal advisers Latham and Vinson & Elkins, the companies said Wednesday.
Swedish plant-based food company Oatly Group AB on Tuesday set a price range on an initial public offering estimated to raise nearly $1.4 billion, represented by Latham & Watkins LLP and Weil Gotshal & Manges LLP.
A New York federal judge on Tuesday set a trial date next spring for the founders of BitMEX on charges that the offshore cryptocurrency derivatives exchange evaded U.S. anti-money laundering rules.
Arent Fox LLP has continued to grow its partnership with the addition of an alumnus of both Cooley LLP and the U.S. Securities and Exchange Commission.
Amazon said on Tuesday it sold bonds totaling $18.5 billion, joining droves of companies borrowing at robust clips this year with a massive debt offering that includes environmentally friendly notes, steered by Gibson Dunn and underwriters' counsel Davis Polk.
The head of the Federal Deposit Insurance Corp. said Tuesday that the agency will issue a request for information on banks' progress in the digital assets space, part of a speech that called for fintech innovation while warning that the U.S. could be left behind as countries like China develop their own centralized digital currencies.
Blockchain software company Block.one said Tuesday it has raised over $10 billion in cash and digital assets to launch a new cryptocurrency exchange.
Mortgage and real estate startup Better said Tuesday that it plans to hit the markets at a post-money equity value of about $7.7 billion through a merger with a special purpose acquisition vehicle steered by Sullivan & Cromwell, Baker McKenzie and Ropes & Gray.
Ginkgo Bioworks will hit the public markets at a pre-money valuation of $15 billion by merging with a special purpose acquisition vehicle backed by former Metro-Goldwyn-Mayer Studios and CBS executives, the companies said Tuesday, in a deal built by Latham, Wachtell and White & Case.
The First Circuit has refused to disturb UBS Financial Services' arbitration win over a client's $70 million loss from Puerto Rico's bond market collapse, saying the client's arbitrator bias claims would require certain statutory interpretations that the U.S. Supreme Court "has cautioned against."
A New York federal judge gave final approval on Monday to a $13.25 million settlement between subscription cooking service Blue Apron and a class of investors, landing class counsel a $3.3 million payday.
The current lull in special purpose acquisition company activity following the U.S. Securities and Exchange Commission's recent risk advisories offers SPAC parties an opportunity to ramp up due diligence on targets and to evaluate prior accounting of warrants to ensure regulatory compliance, say Julie Copeland and Ellen Graper at StoneTurn.
A Massachusetts federal judge’s recent rebuke of the state Attorney General’s Office for refusing to respond to discovery requests in Alliance for Automotive Innovation v. Healey highlights six important considerations for attorneys who want to avoid the dreaded benchslap, say Alison Eggers and Dallin Wilson at Seyfarth.
Following the D.C. Circuit’s recent notice discouraging use of the font Garamond in legal briefs, Jason Steed at Kilpatrick looks at typeface requirements and preferences in appellate courts across the country, and how practitioners can score a few extra brief-writing points with typography.
As the legal industry continues to change in the post-pandemic world, law firms should adapt to client demands by constantly measuring and managing the profitability of their services, says Joseph Altonji at LawVision.
Although robo-voting has modestly declined since the U.S. Securities and Exchange Commission finalized its proxy voting rule last summer, the SEC should ensure asset managers don’t wholly outsource their voting responsibilities to proxy advisers, and should consider disabling the practice outright, says Tim Doyle at Guidepost Strategies.
Recent rulings shed light on how courts and international arbitration tribunals decide if litigation funding materials are discoverable and reaffirm best practices that attorneys should follow when communicating with funders, say Justin Maleson at Longford Capital and Michele Slachetka and Christian Plummer at Jenner & Block.
The U.S. Securities and Exchange Commission should settle or withdraw its allegations that Ripple Labs' XRP is an unregistered security, and focus on creating new rules for securities registration that account for the unique dynamics of digital assets, says J.W. Verret at George Mason University.
Distributed ledger and smart contracts may make fractional ownership of nonfungible tokens possible without the complications of traditional securities sales, and market participants stand to benefit from the associated innovation and efficiencies, say Mack Legal principal Thomas Mack and Google product counsel Richard Widmann.
This year's law graduates and other young attorneys must recognize that the practice of law tests and rewards different skills and characteristics than law school, and that what makes a lawyer valuable changes over time, says Vernon Winters, retired partner at Sidley.
Billions in bank losses related to the recent collapse of Archegos Capital Management point to bank risk management and compliance deficiencies, and highlight several steps brokerages should take to avoid exposure next time a family office customer blows up, say consultants at StoneTurn.
At its May conference, the U.S. Supreme Court should agree to review BofI Securities Litigation, to clear up a circuit split on how to assess loss causation in securities fraud cases, as shareholder class actions increasingly focus on external events that led to a stock drop, says Lyle Roberts at Shearman & Sterling.
Following a Kansas bankruptcy court's recent decision in Fencepost, junior lenders should be aware that voting provisions in subordination agreements may not be enforceable, say Laura Appleby and Elizabeth Little at Faegre Drinker.
As red-hot special purpose acquisition companies hungry for de-SPAC transactions set their sites on Asia, practitioners can look to the failed Chinese reverse mergers of the early 2000s for lessons about regulation, due diligence and misrepresentation, say attorneys at Baker McKenzie.
The COVID-19 crisis has allowed lawyers to hone remote advocacy strategies and effectively represent clients with minimal travel — abilities that have benefited working parents and should be utilized long after the pandemic is over, says Chelsea Loughran at Wolf Greenfield.
Attorneys at Kirkland discuss first-quarter developments in U.S. export controls and economic sanctions and what they may indicate about the Biden administration's national security and foreign policy agenda.