Capital Markets

  • March 12, 2026

    Icahn Outbid By $7B Caesars Offer, And Other Rumors

    Billionaire Tilman Fertitta is in exclusive negotiations to buy Caesars Entertainment for roughly $7 billion, superseding a competing all-cash offer from Carl Icahn's Icahn Enterprises, and Papa John's received a bid from Qatari-backed investment firm Irth Capital Management that could value the pizza chain at $1.5 billion. 

  • March 12, 2026

    Epilepsy Drugmaker's Statements Insulated From Stock Suit

    A Pennsylvania federal judge has trimmed a shareholder class action against Marinus Pharmaceuticals alleging it misled investors about the probability of success of an epilepsy drug, ruling that certain statements made by company leadership were immunized by the Private Securities Litigation Reform Act.

  • March 12, 2026

    Investors Sue Florida Trading 'Savant' Over Ponzi-Style Fraud

    Investors sued a self-styled foreign exchange trading "savant" claiming he solicited millions from friends and relatives that were meant to be pooled into legitimate investments but were instead funneled into a Ponzi scheme.

  • March 12, 2026

    IRS Allows 15% Of KFC Parent's Domestic Production Claim

    The IRS and the parent of Pizza Hut, KFC and Taco Bell agreed that the company's total deductions for domestic production activities during 2013-2015 were $1.6 million — roughly 15% of the $10.7 million the company had claimed as deductions for the three years.

  • March 12, 2026

    Kalshi Appeals Ohio Ruling On Sports Contracts To 6th Circ.

    Kalshi plans to ask the Sixth Circuit to overturn a lower court's refusal to grant it an injunction that would shield its sports betting contracts from scrutiny in Ohio.

  • March 12, 2026

    SoftBank-Backed PayPay Downshifts To $880M IPO

    SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp. began trading on the Nasdaq on Thursday at $16 a share, below the range it had announced in early March as the war in Iran roils the market.

  • March 11, 2026

    Intel Caved To Feds' 'Extortionary' Stock Demand, Suit Says

    Intel Corp.'s board gave the federal government $11 billion worth of stock in response to the Trump administration's "extortionary threats," according to a newly unsealed lawsuit brought by a shareholder who says the board lacked authority to issue the U.S. Department of Commerce a 9.9% company stake.

  • March 11, 2026

    FDIC Plans No Pass-Through Stablecoin Insurance, Hill Says

    Federal Deposit Insurance Corp. Chairman Travis Hill said Wednesday that his agency will propose expressly excluding payment stablecoins from pass-through insurance coverage, outlining the move as part of a wide-ranging update on his to-do list of regulatory initiatives.

  • March 11, 2026

    Ex-Trump Media Exec Says Deposition Should Be Shortened

    Counsel for a source in a 2023 Washington Post article that described securities fraud within Truth Social's parent company implored a North Carolina federal court to shave hours off the source's deposition Wednesday, less than two days before it's scheduled.

  • March 11, 2026

    Dems Float Bill To Ban Death-Tied Event Contracts

    Two Democrats from California are proposing to outlaw event contracts that reference or relate to terrorism, war or an individual's death amid the rise of certain prediction markets involving political shake-ups.

  • March 11, 2026

    Kalshi Sues Iowa Regulators To Shield Sports Event Contracts

    Kalshi sued Iowa state regulators Wednesday, seeking to stop the state from taking enforcement action against the prediction market's sports-event contracts, following a script that has played out across several states.

  • March 11, 2026

    Fed's Bowman Eyes 'Fine-Tuning' Of Bank Merger Reviews

    Federal Reserve Vice Chair for Supervision Michelle Bowman said Wednesday that federal regulators are taking a look at the competition metrics used to evaluate bank mergers, signaling potential changes to the thresholds that guide when deals raise antitrust concerns.

  • March 11, 2026

    Investor Says JPMorgan Enabled $328M Crypto Scam

    A proposed class suit filed Tuesday in California federal court accuses JPMorgan Chase Bank NA of enabling a $328 million cryptocurrency scam at Florida-based Goliath Ventures Inc.

  • March 11, 2026

    SEC Avoids Sanctions As Court Ends Unregistered Dealer Suit

    A Minnesota federal judge denied financial firm Carebourn Capital's request for sanctions against the U.S. Securities and Exchange Commission and dismissed the agency's suit, which claims that Carebourn, its founder and an affiliated company made millions by selling securities as unregistered dealers.

  • March 11, 2026

    Crystallex Special Master Gets OK On $15.3M Atty Fee Bid

    A Delaware federal judge has overruled jilted Citgo bidder Gold Reserve's objection to a special master's bid for $15.3 million in attorney fees, rejecting its argument that the request was unreasonable in defunct mining company Crystallex's massive case against Venezuela.

  • March 11, 2026

    Davis Polk Advises Oil Explorer On $185M Fundraising

    Oil and gas explorer Kosmos Energy Ltd. has raised approximately $185 million from selling shares to repay its debts, according to a statement issued to the London Stock Exchange.

  • March 10, 2026

    Alex Spiro Says Twitter Atty 'Misremembering' Offer To Settle

    Elon Musk attorney Alex Spiro testified before a California federal jury Tuesday that a lead Twitter lawyer who said Spiro tried to renegotiate Musk's $44 billion deal to buy the social media platform was "misremembering," saying Twitter's counsel offered the discount and asked for legal waivers over the company's bot claims.

  • March 10, 2026

    CFTC Urged To Halt War Bets Over Insider Trading Fears

    Two Democratic lawmakers from Colorado and Rhode Island have urged the Commodity Futures Trading Commission to "immediately halt" wagers on events tied to U.S. military operations, arguing those types of offerings on prediction markets threaten national security.

  • March 10, 2026

    Dem Says 'Compromise' Can Thread Stablecoin Yield Needle

    A key U.S. Senate Democrat called Tuesday for closing what bankers say is a stablecoin interest "loophole" that could siphon deposits from traditional lenders, stressing that compromise may be needed to avoid letting the "perfect be the enemy of good."

  • March 10, 2026

    Calif. Atty Gets Over 11 Years For Solar $1B Ponzi Scheme

    A California federal judge has sentenced a corporate attorney to 11 years and five months behind bars after he pled guilty to nearly two dozen charges for his role in DC Solar's $912 million Ponzi scheme, which duped major investors including Berkshire Hathaway, Progressive and SunTrust Equipment Finance & Leasing.

  • March 10, 2026

    Mining Co. Can't Decertify Class In Dam Collapse Suit

    A New York federal judge on Tuesday rejected Vale SA's bid to decertify a class of investors in a suit accusing the Brazilian mining giant and its executives of concealing safety problems at its Brumadinho dam in the lead-up to a deadly collapse there, finding unconvincing Vale's new expert report showing that its securities were traded in inefficient markets.

  • March 10, 2026

    Iowa Defends 5th Circ. Appeal Of Schwab Antitrust Settlement

    Iowa's attorney general told the Fifth Circuit that its appeal of a Texas federal judge's final approval of a settlement ending an antitrust class action over The Charles Schwab Corp.'s merger with TD Ameritrade is proper, arguing the state's duty to protect consumers allows it to challenge the deal.

  • March 10, 2026

    $18.7M Settlement Nixed Over 'Fabricated' Loan Docs

    Citing a need for public confidence in judicial decisions, a Connecticut state court judge has set aside an agreed-upon $18.7 million judgment against a housing nonprofit, which claimed that its ex-leader "fabricated" the documents purporting to authorize the defaulted loan at issue in the case.

  • March 10, 2026

    Robinhood Wants Mich. Gambling Law Enforcement Blocked

    Robinhood Derivatives LLC has asked a Michigan federal judge to block the state from enforcing gaming laws against it, arguing that federal statutes give the Commodity Futures Trading Commission jurisdiction over sports-related event contracts.

  • March 10, 2026

    First Brands Seeks Quick $50M Sale Of Walbro Biz In Ch. 11

    Bankrupt car parts giant First Brands Group has asked a Texas judge to approve the $50 million sale of its small engine component business Walbro, the first in a series of anticipated business unit sales.

Expert Analysis

  • Series

    The Law Firm Merger Diaries: Forming Measurable Ties

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    Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.

  • OFAC Sanctions Will Intensify Amid Global Tensions In 2026

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    The Office of Foreign Assets Control will ramp up its targeting of companies in the private equity, venture capital, real estate and legal markets in 2026, in keeping with the aggressive foreign policy approach embraced by the Trump administration in 2025, say attorneys at Holland & Knight.

  • Del. Dispatch: What Tesla Decision Means For Exec Comp

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    The recent Delaware Supreme Court decision granting Tesla CEO Elon Musk his full pay, now valued at $139 billion, following a yearslong battle appears to reject the view that supersized compensation may be inherently unfair to a corporation and its shareholders, say attorneys at Fried Frank.

  • Wis. Sanctions Order May Shake Up Securities Class Actions

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    A Wisconsin federal court’s recent decision to impose sanctions on a plaintiffs law firm for filing a frivolous Private Securities Litigation Reform Act complaint in Toft v. Harbor Diversified may cause both plaintiffs and defendants law firms to reconsider certain customary practices in securities class actions, says Jonathan Richman at Brown Rudnick.

  • 5 E-Discovery Predictions For 2026 And Beyond

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    2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.

  • Where States Jumped In When SEC Stepped Back In 2025

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    The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.

  • What's On Deck In Tribal Nations' Prediction Markets Litigation

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    Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.

  • SEC Virtu Deal Previews Risks Of Nonpublic Info In AI Models

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    The U.S. Securities and Exchange Commission’s recent settlement with Virtu Financial Inc. over alleged failures to safeguard customer data raises broader questions about how traditional enforcement frameworks may apply when material nonpublic information is embedded into artificial intelligence trading systems, says Braeden Anderson at Gesmer Updegrove.

  • Series

    Judges On AI: How Courts Can Boost Access To Justice

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    Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • Targeted Action, Rule Tweaks Reflect 2025 AML Priority Shifts

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    Though 2025’s anti-money-laundering landscape was characterized not by volume of penalties but by the strategic recalibration of how illicit finance risk is handled, a series of targeted enforcement actions signaled that regulators aren't easing off the accelerator, even as they refine the rules of the road, say attorneys at MoFo.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • Citgo Ruling Offers Award Enforcement Road Map

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    A recent opinion from the Delaware federal court approving a $5.892 billion bid for Citgo Petroleum shares brings the long-running enforcement of the Crystallex arbitration award against Venezuela closer to resolution and offers crucial lessons for creditors pursuing sovereign debt, says Vitaly Morozov at Pierson Ferdinand.

  • Series

    A Day In The In-House Life: Chime GC Talks Pathfinding

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    On a recent Tuesday in the office, Chime's general counsel Adam Frankel shares his typical work day, tackling everything from strategically guiding product launches and testing AI tools to mastering the perfect latte and making time for extracurricular interests.

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