Capital Markets

  • February 27, 2026

    KuCoin Operators Again Seek To Shed $1.2M Crypto Theft Suit

    Operators of cryptocurrency exchange KuCoin seek to shed the latest revision of a cryptocurrency theft victim's proposed class action, arguing that the amended suit's conversion and aiding and abetting allegations fare no better than the Racketeer Influenced and Corrupt Organizations Act and Bank Secrecy Act claims that were tossed in January.

  • February 27, 2026

    REIT Execs Hurt Investors With Dividend 'Reset,' Suit Says

    Real estate investment trust Franklin BSP Realty Trust Inc. is facing a proposed investor class action in New York federal court alleging it concealed the possibility that it would cut its quarterly dividend payouts, hurting investors when it announced a dividend "reset" and its share price subsequently fell.

  • February 27, 2026

    Morgan Stanley Joins Ranks Of OCC Crypto Bank Hopefuls

    Morgan Stanley has applied with the Office of the Comptroller of the Currency to launch a new crypto-focused national bank, adding its name to a growing list of institutions pursuing federal trust charters for digital asset businesses.

  • February 27, 2026

    SEC Moves To Toss Suit Over 'Accredited Investor' Rule

    The U.S. Securities and Exchange Commission is fighting a lawsuit challenging income limits that prohibit those making less than $200,000 a year from investing in the private markets, telling a Texas federal court that lifting income requirements could actually make it more difficult for businesses to find investors.

  • February 27, 2026

    OCC Finalizes Rule Confirming Trust Charter's Broader Scope

    The Office of the Comptroller of the Currency on Friday finalized a rule amending its chartering regulations to make clear that national trust banks can go beyond managing assets for others, a tweak that could benefit fintech firms seeking charters and could draw the ire of banking groups.

  • February 27, 2026

    SEC Issues Final Rules For Foreign Private Issuer Reporting

    The U.S. Securities and Exchange Commission on Friday adopted final rules requiring directors and officers of foreign private issuers to begin disclosing their holdings and transactions of the issuer's securities on March 18, as mandated under a new law aimed at cracking down on foreign insider trading.

  • February 27, 2026

    Musk Bid 'Too Late' To Delay Trial In Twitter Investor Suit

    With days before trial, a California federal judge denied a slew of motions filed by Elon Musk challenging investors' claim that the tech mogul ran a "scheme" to depress the price of Twitter securities during acquisition negotiations, saying Musk waited too long to try and toss the claim.

  • February 27, 2026

    AI-Focused Generate Biomedicines Prices $400M IPO

    The CEO of Generate Biomedicines, a biotechnology firm using artificial intelligence to develop therapies for immunology and oncology, on Friday rang the Nasdaq opening bell as the company expects to raise $400 million for its initial public offering.

  • February 27, 2026

    Bitcoin ATM Scam Suit Will Go To Arbitration, Ind. Judge Rules

    A retiree's proposed class action claiming that Bitcoin Depot Inc. facilitates fraud schemes that target the elderly belongs in arbitration, an Indiana federal judge has ruled after finding the retiree agreed to the company's terms, which include an arbitration clause, each time he used one of their ATMs.

  • February 27, 2026

    Trump Media Explores Truth Social Spin-Off After TAE Deal

    Trump Media & Technology Group Corp. said Friday it is exploring a restructuring that would separate businesses, including its flagship social media platform, Truth Social, into a new publicly traded company.

  • February 27, 2026

    Latham, Sidley Advise Healthpeak Senior Housing Spinoff IPO

    Following a carveout by parent Healthpeak Properties this year, Janus Living, a senior housing-focused real estate investment trust, filed with regulators Friday for an initial public offering advised by Latham & Watkins LLP and Sidley Austin LLP. 

  • February 27, 2026

    Tricolor Noteholders Say Big Banks Ignored Auto Loan Fraud

    Securitized auto loan investors are suing JPMorgan, Barclays and Fifth Third in New York federal court, alleging the banks ignored glaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings that collapsed in bankruptcy last year.

  • February 27, 2026

    Reed Smith Leads Climate Tech Biz In $850M US SPAC Deal

    Renewable energy investor ThomasLloyd said Friday that it has agreed to merge with a special purpose acquisition company, which will allow it to be listed on the Nasdaq stock market at a valuation of $850 million.

  • February 26, 2026

    Self-Driving Truck Startup Raises $113M Before SPAC Merger

    Swedish self-driving truck company Einride said Thursday that it has secured roughly $113 million in capital via a private investment in public equity, or PIPE, financing round ahead of its planned $1.8 billion merger with a special purpose acquisition company.

  • February 26, 2026

    Binance Loses Bid To Arbitrate Proposed Securities Action

    A New York federal judge on Thursday rejected Binance's request to force customers to arbitrate their proposed class action accusing the crypto exchange of improperly selling securities, ruling that customers weren't adequately notified of an arbitration clause added to its terms of use.

  • February 26, 2026

    $100M AI Token Dump Suit Can't Be Heard In NY, Founders Say

    Co-founders of a digital asset issuer and an associated crypto organization seek to shed a lawsuit accusing them of conspiring to improperly extract over $100 million from an open-source artificial intelligence coalition, arguing Wednesday that a Manhattan federal court doesn't have jurisdiction over the Romania- and Germany-based defendants or the decentralized organization.

  • February 26, 2026

    Exec To Pay SEC Fine Over Fake Berkshire Hathaway Deal

    A former Brazilian reinsurance executive will pay a $500,000 civil penalty to end U.S. Securities and Exchange Commission allegations that he improperly sought to boost shares of his company by means of planting false stories that Warren Buffett's Berkshire Hathaway had acquired a significant stake in the business.

  • February 26, 2026

    Ex-Paxful CEO Charged Over Anti-Money Laundering Failures

    Federal authorities have arrested the former CEO of now-shuttered crypto exchange Paxful and accused him of willfully failing to maintain anti-money laundering policies that enabled scammers and prostitution enterprises, newly unsealed court documents show.

  • February 26, 2026

    How The SEC's New 'User-Friendly' Manual Provides Uniformity

    The U.S. Securities and Exchange Commission's recently announced updates to its enforcement manual largely standardize common practices at the agency, but former enforcement attorneys say the changes provide transparency to the investigative process in a few key ways.

  • February 26, 2026

    SEC Fines Ill. Adviser Over COVID-Era Loan Valuations

    The U.S. Securities and Exchange Commission announced that formerly registered investment firm Madison Capital Funding LLC will pay $900,000 to settle claims that it did not properly gauge the effects of market disruptions related to the COVID-19 pandemic when selling certain loans.

  • February 26, 2026

    Fed's Bowman Says Basel Redo Coming By End Of March

    Federal Reserve Vice Chair for Supervision Michelle Bowman told senators Thursday that federal regulators plan to release a reworked Basel III endgame proposal in the next month, stressing that relaxing the capital treatment of mortgage activity will be one of its top goals.

  • February 26, 2026

    Allbirds Investors' 'Kitchen-Sink' Strategy Dooms IPO Suit

    A California federal judge Thursday dismissed a putative securities fraud class action against Allbirds Inc. for a third time, giving shareholders who sued no more chances to amend their lawsuit, given what she called their "kitchen-sink" approach to pleading 60 allegedly false statements made ahead of the footwear company's 2021 stock launch.

  • February 26, 2026

    Chancery Asked To OK $7.6M Deal To End $1.5B De-SPAC Row

    Stockholders of special purpose acquisition company HighCape Capital LP have sought Delaware Court of Chancery approval for a $7.6 million settlement of a class suit accusing company principals of pursuing an overpriced take-public merger of biopharmaceutical tech company Quantum-Si, in litigation complicated by an unusual discovery stumble.

  • February 26, 2026

    Arete Wealth, GC Can't Slip SEC Claims In Offering Fraud Suit

    The U.S. Securities and Exchange Commission can move forward with its case against a broker-dealer and its former general counsel and chief compliance officer over an allegedly fraudulent stock offering by a "sham" energy company that Arete representatives sold, an Illinois federal judge ruled Thursday, while dismissing some claims related to off-channel communications and settlement releases, among other things.

  • February 26, 2026

    Willkie Lands A&O Shearman Corporate Finance Pros In Calif.

    Willkie Farr & Gallagher LLP is boosting its transactional team, bringing in a pair of Allen Overy Shearman Sterling corporate finance aces as partners in its Silicon Valley office, one of whom will also become the new co-managing partner of that office.

Expert Analysis

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

  • When Tokenized Real-World Assets Collide With Real World

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    The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • Opinion

    Corporations Should Think Twice About Mandatory Arbitration

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    The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Navigating New Risks Amid Altered Foreign Issuer Landscape

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    The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

  • Opinion

    CFIUS Must Adapt To Current Foreign Investment Realities

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    To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • How Attorneys Can Navigate Shifts In Financing Landscape

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    Direct government investment in companies in strategic sectors is expected to continue this year, with legal practitioners facing increased demands to navigate hybrid capital structures, evolving regulatory considerations and the alignment of financing terms with long-term business and strategic objectives, say attorneys at Skadden.

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