Capital Markets

  • June 09, 2026

    Crystallex Warns Of Delay Tactic In Citgo Sale Appeal

    Defunct Canadian miner Crystallex on Friday urged the Third Circuit to order Venezuela's counsel to prove its authority as the country challenges an order greenlighting the nearly $6 billion sale of Citgo to satisfy billions of dollars of its debt, pointing to the new administration of Delcy Rodriguez. PC: Elliott Affiliate Urges 3rd Circ. To Keep Citgo Sale On Track.

  • June 09, 2026

    Kalshi To Start Requiring Employer Info For Certain Markets

    Prediction market platform Kalshi Inc. announced on Tuesday that it will start requiring users to verify their employer before they can trade on certain markets, and will further implement features allowing users to directly report suspicious trading activity.

  • June 09, 2026

    NY Floats Rule To Align Its Stablecoin Regs With Genius Act

    New York's Department of Financial Services on Tuesday proposed regulations to ensure its existing stablecoin framework aligns with the U.S. Treasury Department's coming requirements for state regimes under the federal law governing stable-value tokens.

  • June 09, 2026

    FDIC's Hill Eyes Resolution Planning, Assessment Changes

    Federal Deposit Insurance Corp. Chairman Travis Hill said Tuesday that his agency will seek to dial back its living-will requirements for large banks and recalibrate how it charges for deposit insurance, part of a broader push to rethink the agency's approach to handling bank failures.

  • June 09, 2026

    OCC Says Fidelity's Crypto Bank Doesn't Need State Licenses

    The Office of the Comptroller of the Currency on Tuesday told Fidelity's crypto-focused trust bank that it can operate nationwide without state money transmitter licenses, taking the firm's side in a licensing dispute with Iowa following its conversion to a national trust charter.

  • June 09, 2026

    Latham, V&E Lead WhiteHawk Minerals' Upsized $200M IPO

    Natural gas mineral and royalty interests company WhiteHawk Income Corp. began trading publicly Tuesday after raising $200 million in its upsized initial public offering.

  • June 09, 2026

    SEC Flags Improper Investment Adviser Conflict Disclosures

    U.S. Securities and Exchange Commission examiners Tuesday urged investment advisers to ensure they are properly disclosing economic conflicts of interest to clients, warning that exams staff have identified undisclosed conflicts and incomplete or misleading disclosures.

  • June 09, 2026

    Investor Says Vikasa Still Owes $1.15M For Settlement

    A California investor has sued in the Delaware Chancery Court seeking to enforce a settlement with investment firm Vikasa Capital Inc., claiming the company paid only a fraction of the $1.25 million it agreed to pay to resolve claims that it fraudulently induced a $5 million investment through misrepresentations and doctored corporate records.

  • June 09, 2026

    Texas Appeals Court Reinstates $439M Infrastructure Bonds

    A split Texas appeals court on Tuesday permitted a fast-growing Texas county near Austin to proceed with $439 million worth of infrastructure projects, dealing a setback to a group of county residents who claimed the election approving the bonds was invalid.

  • June 09, 2026

    Wash. Man Gets 5 Years For $100M Oil Investor Crypto Con

    A Washington man was sentenced to five years in prison by a federal judge on Tuesday stemming from a scheme where he conned unwitting victims out of nearly $100 million after falsely promising them their funds would go toward oil and gas investments, and routing them to cryptocurrency wallets instead. 

  • June 09, 2026

    PCAOB Eyes Rollbacks Of Biden-Era Quality Control Rules

    The Public Company Accounting Oversight Board on Tuesday put forth a proposal that would rescind some quality control standards adopted in 2024, including a requirement that the largest public company auditors employ an outside expert to evaluate the effectiveness of their quality control systems.

  • June 09, 2026

    SPAR Board Hit With $22M Insider Control Suit In Chancery

    A SPAR Group Inc. stockholder has filed a derivative lawsuit in the Delaware Chancery Court accusing several current and former directors and officers of orchestrating a yearslong scheme to maintain control of the company's board, enrich insiders and approve conflicted transactions that allegedly cost the company $22 million.

  • June 01, 2026

    Cere Founder Says Sale Pact Bars $13M Crypto Fraud Suit

    Cere Network's co-founder and others targeted in a $13 million suit over a purported cryptocurrency fraud scheme involving the decentralized data cloud platform have asked a California federal judge to send the dispute to arbitration in San Francisco.

  • June 09, 2026

    Blue Owl Tech Credit Adviser Hit With Excessive Fee Lawsuit

    An adviser subsidiary of private credit giant Blue Owl Capital Corp. faces shareholder derivative claims that it improperly inflated the assets of a technology-focused fund to boost its fees even as those fee increases outpaced the fund's growth.

  • June 09, 2026

    The Law360 400: A Look At The Top 100 Firms

    The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.

  • June 09, 2026

    QXO Stockholder Sues Over TopBuild Deal Disclosures

    A QXO Inc. stockholder has filed a proposed class action in the Delaware Chancery Court seeking to block a shareholder vote tied to the company's planned $17 billion acquisition of TopBuild Corp., alleging that investors were not given enough information to make an informed decision on the deal.

  • June 08, 2026

    OpenAI Joins Anthropic In Confidentially Filing IPO Plans

    OpenAI said Monday that it had confidentially submitted a proposed initial public offering to the U.S. Securities and Exchange Commission, an announcement that comes a week after artificial intelligence rival Anthropic said it had done the same.

  • June 08, 2026

    PNC Beats Suit Over Bank Customer's Investor Fraud

    The Sixth Circuit ruled Monday that investors who gave millions of dollars to a man who lost their money before taking his own life cannot sue PNC or a bank employee, and the court held the plaintiffs improperly added the employee to their case to have it heard in state court.

  • June 08, 2026

    StubHub Wants IPO Disclosures Suit Tossed

    StubHub and several of its initial public offering underwriters urged a New York federal court to dismiss a shareholder suit accusing them of securities fraud, saying StubHub made all necessary disclosures and acted transparently before the IPO despite investors' claims that it hid information about cash flow and its transition into direct ticket sales.

  • June 08, 2026

    Catching Up With Delaware's Chancery Court

    At the Delaware Chancery Court, a trial over World Wrestling Entertainment Inc.'s $21.4 billion merger with Ultimate Fighting Championship's parent company has been canceled, and a Reddit investor has filed a suit claiming the company used artificial intelligence to challenge his grievance about a charter provision.

  • June 08, 2026

    Clearing House To Pay $40.7M Over 'Slush Fund' Claims

    Axos Clearing LLC owes more than $40.7 million to more than 100 claimants for allegedly turning a blind eye as the brokerage firm Worden Capital Management LLC used the claimants' accounts as personal slush funds, following Worden Capital's expulsion by the Financial Industry Regulatory Authority.

  • June 08, 2026

    Over 200 Crypto Orgs Urge Senate To Act On Clarity Bill

    More than 200 crypto firms and industry groups are urging Senate leaders to set a full vote for the crypto market structure bill the Clarity Act.

  • June 08, 2026

    White & Case, Reed Smith Lead $1.2B Space SPAC Deal

    Spacecraft developer Quantum Space LLC said Monday it plans to go public through a merger with Inflection Point Acquisition Corp. VI, a special purpose acquisition company, in a deal that values the combined company at about $1.2 billion and would give the business new funding to build out its national security-focused spacecraft platform.

  • June 08, 2026

    1st Circ. Partially Revives IRobot, Amazon Merger Suit

    The First Circuit has partially revived a shareholder proposed class action accusing iRobot Corp. of misleading investors about expected regulatory opposition that ultimately led to the abandonment of a proposed $1.7 billion merger with Amazon, finding that a modified 2023 proxy statement "omitted important contrary information about European approval."

  • June 08, 2026

    Skadden-Led First Carolina Bank Unveils Plan For $82.5M IPO

    First Carolina Financial Services Inc., a community bank with branches in four southeastern states, said Monday that it plans to offer 5.5 million shares at a price range of $14 to $16 in an initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Troutman Pepper Locke LLP.

Expert Analysis

  • 3 Disgorgement Questions Linger After Justices' SEC Ruling

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    While the U.S. Supreme Court’s recent decision in Sripetch v. U.S. Securities and Exchange Commission avoided placing new limits on the SEC’s disgorgement powers, it passed over several questions, including whether the commission can seek disgorgement when returning the money to investors isn't possible, says David Slovick at Kopecky Schumacher.

  • How Crypto Firms Can Prep As Clarity Act Inches Toward Law

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    Though the Digital Asset Market Clarity Act’s road to enactment remains uncertain, the statutory framework for regulating digital commodities recently advanced by the Senate Banking Committee is now sufficiently developed that market participants can begin preparing in several areas where the complicated legislation would affect them, say attorneys at Cahill Gordon.

  • Checking For AI Errors Is Now A Two-Way Street

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    A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.

  • Opinion

    SEC Enforcement Reforms Must Address Post-Wells Limbo

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    The U.S. Securities and Exchange Commission's recent changes to how it notifies companies of a potential enforcement action fail to address what happens after the Wells process is over, highlighting the need for meaningful process reform that includes a formal closure determination, says Kimble Cannon at Mahdavi Bacon.

  • Foot Locker Fine Illustrates SEC's Whistleblower Priorities

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    The U.S. Securities and Exchange Commission's recent fining of Foot Locker for its separation agreements is a reminder that the commission remains serious about maintaining open channels for reporting whistleblower concerns and that provisions can violate Rule 21F-17(a) without specifically barring communications with the SEC, says Jonathan Richman at Brown Rudnick.

  • Series

    The Biz Court Digest: Shoring Up Corporate Law In Maryland

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    Launched more than 20 years ago to improve complex corporate adjudication, Maryland's Business and Technology Case Management Program has been a solid success in some areas, but there always is room for improvement, says Bill Krulak at Miles & Stockbridge.

  • How End Of SEC 'Gag Rule' Affects Free Speech Certiorari Bid

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    The Securities and Exchange Commission's recent rescission of the so-called gag rule, which forbade defendants in settlements from denying the SEC’s allegations, may sway the outcome of a petition to the Supreme Court in a case challenging the rule on First Amendment grounds, say attorneys at Troutman.

  • Banks Should Reassess Warehouse Lines Amid Credit Stress

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    Growing stress in private credit markets means banks with warehouse lines to nonbank lenders should inventory exposures, revisit covenants and prepare for tougher regulator scrutiny, as repayment strains and weakening fund liquidity could turn seemingly indirect risks into material compliance concerns, say attorneys at Barack Ferrazzano.

  • Series

    Competing At Poker Makes Me A Better Lawyer

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    Playing poker in male-dominated rooms taught me to treat skepticism as background noise when my opponents seem to underestimate me, to apply pressure when it matters and to adapt without losing strategic discipline — skills that are all indispensable in restructuring and insolvency matters, says Alexis Gambale at Pashman Stein.

  • 5 Things Associates Must Ask About Their Firm's Merger Plan

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    The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.

  • 2 'Rocket Dockets' And The Rules That Propel Them

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    The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.

  • Opinion

    SEC Must Clarify Crypto Guidance For Investment Advisers

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    Until the U.S. Securities and Exchange Commission clarifies a conundrum created by recently issued guidance that classifies crypto tokens as digital commodities rather than securities, every registered investment adviser managing a digital commodity portfolio will be simultaneously compliant and exposed, says Nicole Trudeau at Wave Digital Assets.

  • What End Of SEC Settlement Gag Rule Means For Defendants

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    The U.S. Securities and Exchange Commission's recent rescinding of its gag rule prohibiting defendants from publicly denying allegations in settled SEC enforcement actions actually heightens the need to think strategically when negotiating resolutions and pursuing public denials of wrongdoing, say attorneys at Cleary.

  • Opinion

    Regulators Should Use Existing Tools To Jump-Start Crypto

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    The U.S. Securities and Exchange Commission and U.S. Commodity Futures Trade Commission should use existing authority to quickly enable crypto trading, custody, clearing and settlement to reduce uncertainty and lay the groundwork for permanent crypto rules, says Lee Schneider at Ava Labs.

  • Your Next Litigation Hold Should Cover AI Chat Logs

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    The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.

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