Capital Markets

  • January 17, 2020

    4 Companies Kick Off 2020 IPO Season After Raising $373M

    Four companies went public Friday after raising $373 million combined in initial public offerings, marking the first four IPOs of 2020 and providing fresh capital for three Chinese issuers plus a U.S. mortgage lender.  

  • January 17, 2020

    PR Board Says Bondholders Can't Claim Highway Money

    Puerto Rico's financial oversight board is continuing its fight with the bondholders and insurers of the island's highway authority by filing another adversary action to block their attempt to stake a claim on tax revenues for tolls and fuel.

  • January 17, 2020

    Feds Seek To Jam Revolving Door In High-Profile Cases

    Federal prosecutors are questioning whether a Skadden attorney should be disqualified from defending a former trader at JP Morgan against spoofing charges in the latest example of the U.S. Department of Justice claiming an ex-government attorney may have brought too much inside information through the revolving door.

  • January 17, 2020

    Taxation With Representation: Skadden, Simpson, White

    In this week’s Taxation with Representation, Visa acquires fintech company Plaid for $5.3 billion, a Blackstone real estate trust makes a $4.6 billion play for two Vegas hotels, and Saudi Aramco’s IPO raises another $3.8 billion.

  • January 17, 2020

    Fintech Blank-Check Co. East Stone Readies $100M IPO

    East Stone Acquisition Corp. on Friday filed to raise up to $100 million in an initial public offering, as the special purpose acquisition company looks to fund a future combination with a fintech company. 

  • January 17, 2020

    Dechert Nabs 2 Real Estate Attys From Sullivan & Worcester

    Dechert LLP has hired a pair of lawyers from Sullivan & Worcester LLP in a move that bolsters the firm's real estate financing capabilities in New York, Dechert announced this month.

  • January 17, 2020

    Blockchain Duo Accused Of $30M Investment Scheme

    Two people with a blockchain technology company were charged in New Jersey federal court Friday with duping investors about their backgrounds and business relationships to raise $30 million in cash and cryptocurrency, with prosecutors alleging one fraudster used aliases and changed his appearance to hide his criminal past.

  • January 17, 2020

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen a tech company sue an online football stock exchange, a number of seafood distributors and their insurers sue cargo company Maersk, and several hotels add to Visa and MasterCard's swipe-fee class action woes. Here, Law360 looks at these claims and more. 

  • January 17, 2020

    Jail Talk Was 'Shorthand' For Qatar Deal Risks, Jury Told

    A former Barclays executive accused of fraud testified Friday that his jokes about avoiding prison because of the bad food and "worse sex" while organizing a crucial cash injection from Qatar during the financial crisis were “shorthand” for ensuring the transaction was legal.

  • January 17, 2020

    Firms Eye Growing Startup Scene In Texas ‘Silicon Hills’

    Attorneys who work with emerging companies are seeing continued growth in Texas’ startup scene, a trend that’s bringing in new business and catching firms’ eyes.

  • January 16, 2020

    Telegram, SEC Seek Quick Result In $1.7B Crypto Case

    Telegram and the U.S. Securities and Exchange Commission have filed dueling motions for summary judgment in a case where the agency alleges that the messaging company's $1.7 billion offering of digital tokens constituted the sale of unregistered securities.

  • January 16, 2020

    Bid To Move Crypto Suit Overseas Called 'Pious' Pretense

    A motion to end a proposed federal cryptocurrency class action stateside — and move the claims to Italy — is a thinly disguised attempt to kill the allegations altogether, according to a California man who claims he lost $260,000 on a defective digital currency exchange.

  • January 16, 2020

    Carlyle-Backed Chemicals Supplier Atotech Files $100M IPO

    Private equity-backed specialty chemicals and equipment company Atotech Limited filed an initial public offering preliminarily estimated to raise $100 million late on Wednesday, under guidance from Latham & Watkins LLP and underwriters counsel Milbank LLP.

  • January 16, 2020

    Cassin & Cassin Grows NY Real Estate Presence With 4 Attys

    Cassin & Cassin LLP has hired four real estate associates in two separate offices in New York State, expanding its commercial mortgage-backed securities practice in the process, the firm announced on Thursday.

  • January 16, 2020

    Outspoken SEC Commissioner Jackson To Leave Agency

    U.S. Securities and Exchange Commissioner Robert Jackson, who has vigorously opposed many of the agency's deregulatory moves that he considered a threat to investor protection, said Thursday he will leave office on Feb. 14 to teach at New York University School of Law.

  • January 16, 2020

    Deals Rumor Mill: Albertsons, Springer Nature, DuPont

    Albertsons is considering an IPO that could value the U.S. grocery giant at about $19 billion, educational publishing company Springer Nature could be valued at as much as €8 billion in an IPO of its own, and DuPont is weighing options for its electronics business, including a potential sale. Here, Law360 breaks down these and other deal rumors from the past week that you need to be aware of.

  • January 16, 2020

    SEC Urges Justices Not To Cuff Its Disgorgement Power

    The U.S. Securities and Exchange Commission told the U.S. Supreme Court that closing off the agency's ability to obtain disgorgement in federal court cases would throw a wrench into enforcing securities law, pushing back against challengers that argue such relief strays beyond the bounds of the agency's statutory authority.

  • January 16, 2020

    3 Firms Guide $166M Share Sale For Austrian Real Estate Biz

    Doralt Seist Csoklich represented Austria-based real estate firm S Immo in connection with its roughly €148.9 million ($165.8 million) sale of new shares, S Immo said Thursday, a deal that Linklaters and Wolf Theiss worked on as underwriters counsel.

  • January 16, 2020

    Banker Denies Brainstorming Dishonest Ways To Pay Qatar

    A former Barclays executive accused of fraud denied discussing dishonest ways to pay extra fees to Qatar to secure emergency funding from the Gulf state during the financial crisis, testifying Thursday he was “brainstorming” ideas he believed provided “commercial value” to the bank.

  • January 16, 2020

    Delivery Hero Raises €2.32B To Back Woowa Buy

    German online food ordering service Delivery Hero said Thursday that it raked in €2.32 billion ($2.58 billion) through a debt offering and capital increase in an effort to finance its planned acquisition of South Korean peer Woowa.

  • January 16, 2020

    5 Firms Guide Global Blue's €2.3B Merger With Far Point

    Global Blue detailed plans Thursday to list on the New York Stock Exchange through a merger with special purpose acquisition company Far Point that values the private equity-backed tax-free shopping and payments company at €2.3 billion ($2.56 billion), in a deal shaped by five law firms.

  • January 15, 2020

    Creditor Can Proceed With $118M Venezuelan Debt Case

    A creditor of Venezuela's state-owned oil company that claims it's owed more than $118 million can proceed with litigation to enforce the debt after a New York federal judge ruled that it wouldn't be fair to keep the case on hold until the country is politically stable.

  • January 15, 2020

    Kik Says SEC's Request For More Discovery 'Unnecessary'

    Kik Interactive Inc. and the U.S. Securities and Exchange Commission have once more asked for a decision in a discovery dispute over whether the agency can ask more questions of Kik in a case alleging the messaging company engaged in an unregistered securities offering of digital tokens.

  • January 15, 2020

    Buckley Nabs Big-Bank Defense Attorney From MoFo

    A longtime Morrison & Foerster LLP financial litigation partner with over two decades of experience representing the largest U.S. banks has been snatched up by Buckley LLP to lead the firm’s San Francisco office.

  • January 15, 2020

    Juror Podcast, Queries Can’t Upend Trader’s Guilty Verdict

    One juror discussed his time in the box on his podcast and another juror's colleagues and family reportedly researched the case during trial, but those actions weren't enough for a New York federal judge to vacate a verdict finding onetime JPMorgan forex trader Akshay Aiyer guilty of fixing currency prices.

Expert Analysis

  • FIRREA Remains Potent Civil Fraud Enforcement Tool

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    Last year, three court decisions addressing the Financial Institutions Reform, Recovery and Enforcement Act's civil monetary penalties provision — two at the final judgment stage and one at the pleadings stage — expanded FIRREA jurisprudence and remind us why this statute cannot be ignored, say attorneys at Morgan Lewis.

  • What SEC's Accredited Investor Proposal Means For PE Funds

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    A recent proposal from the U.S. Securities and Exchange Commission would allow more investors to participate in private offerings, but divisions at the SEC and among investment advocates suggest further debate may be ahead before a finalized rule emerges, say Michael Gold and Nicholas Stewart at Saul Ewing.

  • How Associate Life Has Evolved Over The Past Decade

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    During the last 10 years, the need to embrace change was fundamental for law firms, and that change affected associates in many ways — most, but not all, for the better, says Brad Kaufman, co-president of Greenberg Traurig.

  • 8 Executive Pay Considerations For An Economic Downturn

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    Amid forecasts of economic volatility, employers should address executive compensation and performance awards progressively and with quick adjustments when disruption hits, say Mark Poerio and Dan Brandenburg at The Wagner Law Group.

  • Series

    Judging A Book: Dyk Reviews 'Democracy And Equality'

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    In their new book "Democracy and Equality: The Enduring Constitutional Vision of the Warren Court," Geoffrey Stone and David Strauss provide valuable context for U.S. Supreme Court decisions under Chief Justice Earl Warren that have profoundly affected the country, but their overly protective attitude sometimes obscures reality, says Federal Circuit Judge Timothy Dyk.

  • SEC's Audit Proposal May Bolster Compliance, Competition

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    A newly proposed rule from the U.S. Securities and Exchange Commission on public companies' relationships with their auditors could make the current auditor independence framework easier to comply with, and mitigate competition pressure from issues that should not reasonably threaten an auditor’s objectivity, say Charles Smith and Andrew Fuchs at Skadden.

  • The Pitfalls Of SEC's Crypto Regulation By Enforcement

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    Absent clear rules to govern cryptocurrency, the U.S. Securities and Exchange Commission’s continued regulation by enforcement could result in industry stagnation, increased global competition, problematic messaging and due process issues, say attorneys at Quinn Emanuel.

  • 7 Insider Tips For Working With In-House Counsel

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    For outside firms wondering how to best support busy in-house lawyers, several practices can help navigate critical legal issues and novel business challenges while strengthening the working relationship, says Virginia Hudson, associate general counsel at Capital One.

  • 50 Years Later, Interpretive Challenges Remain For RICO

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    In the 50 years since the Racketeer Influenced and Corrupt Organizations Act was passed, courts' attempts to clarify the statute have had some success, but many interpretive dilemmas remain unresolved, says Randy Gordon of Barnes & Thornburg.

  • Ransomware’s Year-End Thank You Note To Bitcoin

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    Last year's surge in ransomware attacks got a boost from Bitcoin, which helped cybercriminals carry out their extortion schemes with much greater ease, efficiency and speed, says cybersecurity consultant John Reed Stark.

  • 7 Ethics Tips For Lawyers' Pretrial Social Media Use

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    As ethical constraints on pretrial social media use evolve, the American Bar Association's Model Rules and several court opinions provide guidance on avoiding violations when collecting evidence, researching jurors and friending judges, say Hilary Gerzhoy and Mark Davis at Harris Wiltshire.

  • Opinion

    States Should Not Follow ABA On Attorney Conduct Rules

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    Because the American Bar Association's new rule on diversity continues to use the Model Rules of Professional Conduct as a cultural bludgeon, states should create independent codes limited to constitutionally valid purposes of attorney regulation, says Bradley Abramson of Alliance Defending Freedom.

  • The Making And Unmaking Of The Volcker Rule

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    As the late Paul Volcker's efforts to rein in banks after the financial crisis come under attack, now is a good time to revisit how his namesake rulemaking came to pass, and consider the risks of relaxing the limits on bank proprietary trading, say former Michigan Sen. Carl Levin and former Senate counsel Tyler Gellasch.

  • What Federal Cannabis Bills Mean For Private Lenders

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    If approved by Congress, the Marijuana Opportunity Reinvestment and Expungement Act and the Secure and Fair Enforcement Banking Act could provide private lenders with cannabis investment opportunities, increased competition, and a solid entry point into this lucrative market, say Tae Kim and Olivia Durnell at Geraci.

  • How Courts And Litigants Can Benefit From Special Masters

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    As we approach the first anniversary of the American Bar Association's adoption of guidelines for the appointment and use of special masters in civil litigation, retired U.S. District Judge Shira Scheindlin, now at Stroock, explains how special masters can help parties and courts with faster decision-making and subject matter expertise.