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Capital Markets

  • March 21, 2019

    DLA Piper Nabs Baker McKenzie, Wilson Sonsini Partners

    DLA Piper LLP said Wednesday that it's beefed up its California offices by hiring a former Baker McKenzie partner who focuses her practice on energy and project finance and a former Wilson Sonsini Goodrich & Rosati partner who specializes in advising startups, emerging technology and media companies.

  • March 21, 2019

    Potential Accounting Flaws Don't Faze IPO Market

    More companies are going public with admitted flaws in their internal controls — essentially yellow flags that could require potentially embarrassing corrections to financial statements — but such warnings don’t appear to be scaring off investors.

  • March 21, 2019

    Record £28M Fine For UBS Puts Compliance Staff On Guard

    This week’s record £27.6 million ($34.8 million) fine against UBS for misreporting 136 million transactions has underlined the need for banking compliance teams to focus on their trading desks if they hope to avoid falling foul of Europe’s formidable securities rules.

  • March 21, 2019

    Deals Rumor Mill: Lion Air, Ferretti, KKR

    Lion Air is getting ready to go public in its homeland of Indonesia, yacht maker Ferretti is getting ready to go public once again, and KKR is raising its debut real estate fund focused on Asia and is looking to reap $1.5 billion in investments.

  • March 21, 2019

    REIT Tax Atty Returns To Hogan Lovells To Lead Trust Practice

    Hogan Lovells has announced that a former EY attorney has returned to the law firm to serve as head of its U.S. real estate investment trust tax practice in Washington, D.C.

  • March 21, 2019

    FDIC's $695M Mortgage-Backed Securities Suit Tossed

    A New York federal judge dumped the Federal Deposit Insurance Corp.'s $695 million residential mortgage-backed securities suit against three banks Wednesday, finding for the second time that the agency lacked standing to bring claims of improper conduct against trustees of the bundled mortgages.

  • March 21, 2019

    Blackstone-Backed HR Provider Alight Hits Pause On IPO

    The Blackstone Group-backed human resources and benefits coordinator Alight Inc. said it will hold off on moving forward with an anticipated initial public offering that could have seen the company bring in approximately $752 million.

  • March 21, 2019

    Crypto Bank CEO Faces 5 Years After Copping To $4M Fraud

    Federal prosecutors have agreed to seek a five-year prison sentence for the CEO of now-shuttered AriseBank in exchange for his guilty plea in Texas federal court Wednesday to fraudulently raising $4.25 million through an unregistered initial coin offering for the bank’s proprietary digital currency, AriseCoin.

  • March 21, 2019

    Cooley-Led Levi Scoops Up $624M Ahead Of Market Debut

    Levi Strauss & Co. made its return to the public market Thursday, one day after setting its share price above its initially set range to raise $623.9 million in the Cooley LLP-led jeans and apparel company’s initial public offering.

  • March 20, 2019

    SEC Trims Company Disclosure Requirements

    The U.S. Securities and Exchange Commission on Wednesday voted to pare and streamline certain disclosure requirements of public companies, marking the agency's latest effort to prune its regulatory tree after decades of adding branches.

  • March 20, 2019

    What’s In A Judgeship? More Than Meets The Eye

    Figuring out what constitutes a manageable workload for the nation’s district judges is no simple task. Getting the judiciary the resources it needs is even harder.

  • March 20, 2019

    Swamped: How Magistrate Judges Salvaged Louisiana's Judicial Crisis

    The Western District of Louisiana is supposed to have seven district judges. But for a year, most of the courthouses were operating without a single Article III judge. As usual, magistrate judges picked up the slack.

  • March 20, 2019

    Wells Fargo Settles Bond Sale Case With SEC For $812K

    Wells Fargo Securities has agreed to pay $812,500 to settle a government civil action claiming the bank misled investors in a $75 million bond offering involving a Major League Baseball pitcher's video game company, according to an order signed in Rhode Island federal court Tuesday.

  • March 20, 2019

    SEC Judge At Heart Of Lucia Proceedings Leaving Agency

    The SEC's in-house judge who issued a decision at the heart of investment adviser Raymond Lucia's recent case before the U.S. Supreme Court is leaving the agency at the end of the month, an agency spokesperson confirmed Wednesday.

  • March 20, 2019

    Vaping Products Supplier Greenlane Files $92M IPO

    Greenlane Holdings Inc., a vaping products distributor that is betting its growth on expansion of the electronic cigarette and cannabis industries, on Wednesday filed an initial public offering estimated to raise $92 million, represented by Pryor Cashman LLP.

  • March 20, 2019

    Deals Rumor Mill: Uniper, Fastly, A.S. Watson

    Uniper is reportedly discussing a deal with First State Investments to sell a stake in an Italian liquefied natural gas terminal, Fastly is said to have tapped Bank of America to lead a planned initial public offering, and Tencent and Abu Dhabi’s sovereign wealth fund are both eyeing part of a stake in health and beauty retailer A.S. Watson Group.

  • March 20, 2019

    Insurance-Focused Blank Check Co. Scores $131M IPO

    Insurance-focused blank check company Insurance Acquisition Corp. made its market debut Wednesday, one day after pricing shares in a $131 million initial public offering guided by Ledgewood PC.

  • March 20, 2019

    HK Freezes 9 Broker Accounts In Share Manipulation Probe

    The Securities and Futures Commission of Hong Kong said Wednesday that it had ordered nine brokers to freeze client accounts related to suspected market manipulation of investment firm China Ding Yi Feng Holdings Ltd.’s shares.

  • March 20, 2019

    Chinese Broker Up Fintech Prices $104M IPO Above Range

    Chinese online brokerage Up Fintech Holding Ltd., represented by O'Melveny & Myers LLP, saw its shares soar Wednesday after the startup raised $104 million in an initial public offering that priced above range, coming two weeks after a strong debut for competitor Futu Holdings Ltd.

  • March 20, 2019

    Fatburger Parent Co. Seeks To Ditch Shareholders' IPO Suit

    The parent company of fast food chain Fatburger on Tuesday urged a California federal judge to toss a putative class action accusing it of misleading investors ahead of its $20 million initial public offering, arguing that the shareholders failed to state a claim or show that they purchased stock in the IPO.

Expert Analysis

  • Lenders Score Major High Court Victory In Foreclosure Case

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    The U.S. Supreme Court's unanimous ruling on Wednesday in Obduskey v. McCarthy & Holthus LLP removes nearly all activities taken by creditors seeking nonjudicial foreclosure of liens and mortgages from the ambit of the Fair Debt Collection Practices Act, says John Baxter of Nelson Mullins Riley & Scarborough LLP.

  • Tech Trends From SXSW Pose Unique Questions For Lawyers

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    These days, a popular theme in media is that lawyers' jobs will be taken by robots. However, based on the tech issues discussed at the South by Southwest technology conference in Austin, Texas, last month, robots may in fact need lawyers, says Nick Abrahams of Norton Rose Fulbright.

  • In Bar Admissions Process, It's Candor Or Bust

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    You passed the bar exam and are ready for the character and fitness committee interview. Time to think about how to discuss that minor incident in college, that misdemeanor in high school or that mental health issue that you have totally under control, says Richard Maltz of Frankfurt Kurnit Klein & Selz PC.

  • The Post-Cyan­ Spike In State Securities Act Filings

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    One year ago, the U.S. Supreme Court, in Cyan Inc. v. Beaver County Employees Retirement Fund, upheld concurrent state and federal jurisdiction over Securities Act class actions. Predictions that plaintiffs would inundate state courts with such claims now appear to be coming true, say James Goldfarb and Gaurav Talwar of Murphy & McGonigle PC.

  • Series

    Judging A Book: Bashant Reviews 'Doing Justice'

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    My initial reaction to "Doing Justice" was that author Preet Bharara may have bitten off more than he could chew — an accusation leveled against him when he served as U.S. attorney for the Southern District of New York — but I found the book full of helpful gems, says U.S. District Judge Cynthia Bashant of the Southern District of California.

  • 4-Person SEC May Shift Away From Corporate Penalties

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    A Democratic member's recent departure from the U.S. Securities and Exchange Commission likely means that for the foreseeable future corporate penalties will not be imposed in cases where a company did not obtain any benefit from its misconduct, say attorneys at Debevoise & Plimpton LLP.

  • Firms Can Leverage Communications When Economy Is Slow

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    Though most experts believe that an imminent recession is unlikely, slowdown fears are increasing. Now is the time for firms to consider how to best leverage their communications and marketing teams to lessen impacts from a potential economic slowdown, says Tom Orewyler of Tom Orewyler Communications LLC.

  • The Challenge Of Suing A Defunct Virtual Currency Exchange

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    A Colorado federal court's recent decision in Shaw v. Vircurex underscores the risks in asserting personal jurisdiction over virtual currency exchanges — which are often decentralized, operate algorithmically, do not engage in marketing activities and have no traditional physical presence, says Scott Kimpel of Hunton Andrews Kurth LLP.

  • A Deep Dive Into The CDS And Syndicated Financing Markets

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    The interrelationship between the credit default swap and syndicated term loan markets has become increasingly important and complex over the past five years. Four case studies help illustrate the interplay, say attorneys at Davis Polk & Wardwell LLP.

  • Ethical Social Media Marketing For Lawyers

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    Social media presents rich opportunities to reach prospective clients. Attorneys should not let those opportunities pass them by, but they should keep their ethical obligations in mind as they post, says Cort Sylvester of Nilan Johnson Lewis PA.