Capital Markets

  • January 28, 2026

    CFTC Taps Treasury Atty To Be General Counsel

    The Commodity Futures Trading Commission announced Wednesday it has hired a Treasury Department lawyer with BigLaw experience to serve as the derivatives regulator's new general counsel.

  • January 28, 2026

    Crypto Investors Want Mark Cuban Suit Sent To Texas

    Crypto investors suing billionaire Mark Cuban and his former NBA team the Dallas Mavericks over their alleged promotion of the collapsed exchange Voyager have asked a Florida federal judge to transfer their claims to Texas, a month after the judge dismissed the claims on personal jurisdiction grounds.

  • January 28, 2026

    Chinese Man Gets 46 Months In $37M Pig Butchering Scam

    A Chinese national was sentenced to 46 months in prison Tuesday in California federal court for participating in a global network that tricked 174 victims lured in from dating apps into pouring money into fake digital asset investments, and ultimately laundering $36.9 million in cryptocurrency proceeds to scam centers overseas.

  • January 28, 2026

    SEC Urged To Adopt Insider Trading Rules For Foreign Firms

    A former member of the U.S. Securities and Exchange Commission is among a trio of academics pressing the agency to write rules cracking down on insider trading at foreign companies that trade on U.S. exchanges, urging action before a congressionally mandated deadline runs out in March.

  • January 28, 2026

    Nomura Unit Taps Legal Chief To Steer Crypto Trust Bank Plan

    A crypto-focused subsidiary of financial services group Nomura has applied to the Office of the Comptroller of the Currency to establish a national trust bank headed by its legal chief.

  • January 28, 2026

    Ropes & Gray Adds 3 Partners In New York

    Ropes & Gray LLP has expanded its offerings in New York with the addition of three attorneys, one each from Debevoise, Paul Weiss and Wachtell Lipton.

  • January 28, 2026

    Complex Financial Instruments Group Of The Year: Kirkland

    Kirkland & Ellis LLP's acumen in structured finance helped it push a number of high-value deals across the finish line last year — including a multibillion-dollar financing package in connection with the acquisition and restructuring of Metronet by KKR and T-Mobile — earning the firm a spot as one of the 2025 Law360 Complex Financial Instruments Groups of the Year.

  • January 27, 2026

    ADM To Pay $40M To Resolve SEC Accounting Fraud Claims

    Archer-Daniels-Midland Co. has agreed to shell out $40 million to put to rest U.S. Securities and Exchange Commission allegations the company and several former executives committed accounting and disclosure fraud, according to announcements made Tuesday.

  • January 27, 2026

    Crypto Network Cofounder Hit With $100M RICO Suit

    The co-founder and board members of cryptocurrency-associated data cloud platform Cere Network were sued in California federal court Tuesday over an alleged pump-and-dump scheme where they secretly sold over $41 million in Cere tokens on various exchanges and misappropriated investor funds. 

  • January 27, 2026

    Iowa Can't Block Schwab's Antitrust Deal, 5th Circ. Told

    A group of investors who settled with The Charles Schwab Corp. in an antitrust suit over the financial services company's merger with TD Ameritrade has urged the Fifth Circuit to dismiss an appeal filed by the state of Iowa, which had previously objected to the settlement's lack of monetary benefit to the class and proposed attorney payouts.

  • January 27, 2026

    Chancery Keeps Alive Jefferies Claims In EV Co. SPAC Suit

    Aiding and abetting and breaches of fiduciary duty claims went forward in Delaware Chancery Court on Tuesday against Jefferies LLC in connection with the $1.4 billion take-public blank check company merger of electric vehicle company Electric Last Mile Solutions Inc.

  • January 27, 2026

    Autodesk Investor Suit Over Internal Controls Axed For Good

    A California federal judge has dismissed, for good, a class action alleging that software company Autodesk misled investors on its financial metrics and internal controls, finding that there is nothing actionable or misleading about the three remaining challenged statements in the suit.

  • January 27, 2026

    9th Circ. Affirms Ripple's Early Win On Registration Claim

    The Ninth Circuit won't revive class action claims alleging cryptocurrency company Ripple Labs sold the digital token XRP in an unregistered securities offering, upholding in its decision Tuesday a lower court's finding that the claims are time-barred.

  • February 12, 2026

    Law360 Seeks Members For Its 2026 Editorial Boards

    Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

  • January 27, 2026

    Biotech Fundraising A Good Sign For Public Markets

    At the start of what many healthcare attorneys hope will be a busy year, public biotechs are raising cash, signaling a thawing public market and potentially fertile ground for IPOs.

  • January 27, 2026

    Northwood Space Raises $100M In Series B

    Northwood Space Corp., a California-based company that provides infrastructure for space missions, said Tuesday that it has raised $100 million in its latest funding round, co-led by investors Washington Harbour Partners and Andreessen Horowitz. 

  • January 27, 2026

    Kalshi Taps Ex-Amazon State Policy Pro For New DC Shop

    Trading platform Kalshi is expanding its policy efforts amid battles with state gambling regulators and tribes with a new office in Washington, D.C., staffed by government relations specialists, including a former Amazon executive who spent close to a decade with the Mississippi Attorney General's Office.

  • January 27, 2026

    Mountain Lake's Second SPAC Raises Upsized $313M Offering

    Mountain Lake Acquisition Corp II, a blank-check company led by Axos Financial board chair Paul Grinberg, began trading Tuesday after pricing an upsized $313.2 million initial public offering.

  • January 27, 2026

    Complex Financial Instruments Group Of The Year: Cahill Gordon

    Cahill Gordon & Reindel LLP's leveraged finance and private credit attorneys have continued to guide headline-grabbing deals in the midst of complex regulatory and tumultuous economic conditions, including financing Nexstar's proposed $6.2 billion mega-merger of television broadcasters, earning the firm a spot among the 2025 Law360 Complex Financial Instruments Groups of the Year.

  • January 27, 2026

    3 Firms Guide GigCapital's Latest SPAC, Raising $220M

    GigCapital9 Corp., the latest special purpose acquisition company led by serial SPAC sponsor Avi Katz, began trading publicly Tuesday after pricing its $220 million initial public offering.

  • January 27, 2026

    Fatburger Owner FAT Brands Hits Ch. 11 With $1.5B Debt

    FAT Brands Inc., the owner of Fatburger and Johnny Rockets, and its affiliates have filed for Chapter 11 protection in a Texas bankruptcy court with $1.45 billion in funded debt, felled by an unsustainable debt load and flagging liquidity. 

  • January 26, 2026

    SEC Tells Judge Chat Records Bolster Its Short-Selling Claims

    The U.S. Securities and Exchange Commission is looking for an early victory on certain claims against an investment adviser and its managing partner accused of engaging in an illicit short-selling scheme, arguing the managing partner's online messages and his own admission that he'd made a "poor business decision" support a finding in its favor.

  • January 26, 2026

    Citadel Securities Lobbies SEC For $119M CAT Fee Refund

    Citadel Securities is pressing for the return of $119 million it argues was unlawfully collected to fund a key market surveillance database known as the consolidated audit trail, telling the U.S. Securities and Exchange Commission the collection of the fees violated an Eleventh Circuit decision.

  • January 26, 2026

    Bain-Controlled Bob's Discount Furniture Eyes $350M IPO

    Bob's Discount Furniture Inc. on Monday revealed plans to sell nearly 19.5 million shares of its common stock at an estimated $17 to $19 per share via an initial public offering, allowing the Connecticut-based retailer to potentially raise $350 million, assuming midpoint estimates.

  • January 26, 2026

    Sens. Offer Crypto Bill Amendments As Storm Delays Markup

    The Senate Agriculture Committee said Monday that it will postpone its markup of a bill to regulate crypto markets to Thursday in light of the weekend's winter storm, while Democrats submitted proposals to insert ethics language and ensure appointments to the U.S. Commodity Futures Trading Commission.

Expert Analysis

  • Assessing The SEC's Changing Approach To NFT Regulation

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    Early U.S. Securities and Exchange Commission actions on nonfungible tokens pushed for broad regulation, but subsequent court decisions — including a recent California federal court ruling in Adonis Real v. Yuga Labs — and SEC commissioners' statements have narrowed the regulatory focus toward a more fact-specific approach, say attorneys at Wilson Elser.

  • Where Crypto Mixing Enforcement Is Headed From Here

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    Recent developments involving crypto mixers, particularly the Tornado Cash verdict, demonstrate that the Justice Department's shift away from regulation by prosecution does not mean total immunity, rather reflecting an approach that prioritizes both innovation and accountability, says David Tarras at Tarras Defense.

  • Why Foreign Cos. Should Prep For Increased SEC Oversight

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    With the recent trading suspensions of 10 foreign-based issuers listed on the Nasdaq, an enforcement action against a U.K. security-based swap dealer and the announcement of a cross-border task force, it's clear that the U.S. Securities and Exchange Commission will expand oversight on foreign companies participating in the U.S. capital markets, says Tejal Shah at Cooley.

  • How Nasdaq, SEC Proposals May Transform Listing Standards

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    Both Nasdaq and the U.S. Securities and Exchange Commission have increasingly focused their recent regulatory efforts on small and foreign issuers, particularly those from China, reflecting an intention to strengthen the overall quality of companies accessing U.S. markets, but also potentially introducing a chilling effect on certain issuers, say attorneys at Norton Rose.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • How Banks Can Safely Handle Payments For Gambling Biz

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    As the betting market continues to expand, it's crucial for banks and fintechs to track historical developments in wagering and ongoing prediction markets litigation that can factor into a risk analysis for payment processing with respect to gambling operators, says Laura D'Angelo at Jones Walker.

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

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    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • A Look At State AGs' Focus On Earned Wage Products

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    Earned wage products have emerged as a rapidly growing segment of the consumer finance market, but recent state enforcement actions against MoneyLion, DailyPay and EarnIn will likely have an effect on whether such products can continue operating under current business models, say attorneys at Quinn Emanuel.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • How The SEC May Overhaul Its Order Protection Rule

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    Attorneys at Skadden trace the evolution of the controversial Rule 611 of Regulation National Market System, examine the current debate surrounding its effectiveness, and consider how the U.S. Securities and Exchange Commission's emerging Project Crypto initiative could reshape Regulation NMS for a tokenized, on-chain market environment.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

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