Capital Markets

  • August 20, 2025

    Investors Pan FirstEnergy's 'Unprecedented' Discovery Appeal

    A group of FirstEnergy Corp. investors is urging the Sixth Circuit not to hear a dispute over their access to internal investigation documents produced in the wake of a $1 billion bribery scandal, saying the documents weren't privileged and that granting the appeal would be "unprecedented."

  • August 20, 2025

    Twitter Shareholders Say Musk Can't Hide Behind Attys

    Twitter shareholders have asked a New York federal judge to force Elon Musk to either hand over discussions he had with his attorneys prior to his pre-acquisition purchase of Twitter shares or to declare that he does not plan to use the advice of counsel defense, saying Musk cannot use his attorneys as both "a sword and a shield."

  • August 20, 2025

    Crypto Groups Resist Banks' Stablecoin 'Loophole' Claims

    Cryptocurrency groups have told U.S. Senate lawmakers that banking industry groups are attempting to relitigate issues put to rest with a recently enacted federal law to regulate stablecoins, arguing that the banking groups' proposals to use separate, pending legislation to close alleged "loopholes" would disadvantage the crypto sector.

  • August 20, 2025

    Boeing Eyes Exit From Retooled 737 Max Securities Fraud Suit

    Boeing told an Illinois federal judge that equity funds cannot stuff their amended securities fraud lawsuit with vague and overblown allegations the American aerospace giant defrauded investors by downplaying the 737 Max jets' safety flaws after two deadly crashes in 2018 and 2019.

  • August 20, 2025

    Authentic Brands, Guess Founders Take Biz Private For $1.4B

    Luxury apparel company Guess Inc. on Wednesday revealed plans to go private through a sale to a group that includes its founders, CEO and brand platform giant Authentic Brands Group, in a deal that was built by seven law firms and values the clothing company at $1.4 billion, including debt.

  • August 19, 2025

    Sotera Urges 6th Circ. To Toss Investors' Toxic Gas Suit

    Sotera Health Co. urged the Sixth Circuit to affirm the dismissal of a lawsuit accusing it of concealing the carcinogenic nature of a gas used at its sterilization plants, saying "defending yourself in litigation is not securities fraud."

  • August 19, 2025

    SEC Probes GenAI Media Co. For Offering Fraud

    The U.S. Securities and Exchange Commission has revealed it is investigating a self-described generative artificial intelligence media software company for evading federal securities registration requirements, when the regulator urged a California federal court to enforce a subpoena against the mother of a company executive.

  • August 19, 2025

    9th Circ. Backs Approval Of LoanDepot Investor Settlement

    The Ninth Circuit has dismissed a challenge brought by a LoanDepot shareholder to a $3.5 million settlement ending a lawsuit that accused the company of misleading investors ahead of its initial public offering, saying the district court applied proper scrutiny when approving the settlement last year.

  • August 19, 2025

    Wyoming Launches First State-Issued Stablecoin

    Wyoming on Tuesday became the first U.S. state to issue its own stable-value token, with public purchasing soon to come.

  • August 19, 2025

    Detroit Fund Owner Gets 100 Months For $39M Investor Fraud

    The former CEO and majority owner of a Detroit-based hedge fund firm was sentenced Monday to 100 months in federal prison for his role in a scheme to obtain more than $39 million from investors by lying about the fund's and investors' individual financial performance.

  • August 19, 2025

    CFTC Wins $228M Restitution Order Against Ponzi Schemer

    A New York federal judge on Tuesday ruled that it was "ludicrous" for a man who pled guilty to running a Ponzi scheme to try to escape punishment in a related suit brought by the U.S. Commodity Futures Trading Commission, ordering him to repay his victims over $228 million.

  • August 19, 2025

    Libra Promoters' Assets Unfrozen As Judge Vacates June TRO

    A Manhattan federal judge on Tuesday denied injunctive relief for plaintiffs seeking over $100 million in damages over losses they took backing the cryptocurrency project Libra, saying she would dissolve an earlier asset freeze restraining two individual defendants who no longer seem at risk of dissipating assets.

  • August 19, 2025

    Fla. Judge Tosses Suit Against Deel Over Money Transfers

    A Florida federal judge on Tuesday tossed a proposed class action accusing payroll company Deel Inc. of racketeering, ruling that a lack of a money transmitting license isn't enough to establish both standing and allegations that it facilitated millions of dollars in unlawful transfers in a scheme to defraud investors. 

  • August 19, 2025

    MoFo-Led Industrial REIT Receives $1B PE Takeover Offer

    Plymouth Industrial REIT Inc., advised by Morrison Foerster LLP, said Tuesday it is reviewing a roughly $1 billion takeover offer from Sixth Street Partners, a private equity firm that has invested in the real estate investment trust since at least last year.

  • August 19, 2025

    Linqto Says Ch. 11 Plan Will Have In-Kind Customer Payment

    Linqto and its unsecured creditors committee told a Texas bankruptcy judge Tuesday that they have come to an agreement to give customers the chance for in-kind payment in the investment platform's Chapter 11 plan.

  • August 19, 2025

    Black Hills, NorthWestern Merge In $15.4B All-Stock Deal

    Utility company Black Hills Corp., advised by Faegre Drinker Biddle & Reath LLP, on Tuesday announced plans to merge with Morgan Lewis & Bockius LLP-advised energy and infrastructure company NorthWestern Energy Group Inc. in an all-stock deal with a combined enterprise value of $15.4 billion.

  • August 18, 2025

    Battle Brews Over Fed's Plan For Big Bank Ratings Revamp

    Leading banking industry groups are urging the Federal Reserve to move full speed ahead with a supervisory ratings overhaul that could classify more big banks as "well managed," but critics warn the plan amounts to dangerous, and potentially unlawful, grade inflation.

  • August 18, 2025

    SDNY Judges OK Trump's Selection Of Jay Clayton As US Atty

    The Southern District of New York on Monday permitted Jay Clayton to continue overseeing the district's prosecutorial office, appointing Clayton as U.S. attorney just a day before his tenure as interim U.S. attorney was set to expire.

  • August 18, 2025

    Musk Seeks Early Win In Twitter Investor Fraud Case

    Elon Musk has asked a California federal judge to dismiss claims brought by a class of former Twitter investors in litigation accusing the right-wing billionaire of intentionally tanking the social media platform's stock price, arguing his statements made ahead of the deal are accurate.

  • August 18, 2025

    Crypto Game Co. Accuses Jump Trading Of Pump-And-Dump

    A crypto video game developer has accused high-frequency trading firm Jump Trading of engaging in a pump-and-dump of its token after striking a deal to provide market making services.

  • August 18, 2025

    Deutsche Bank, NCUA Net Partial Wins In Crisis-Era RMBS Suit

    A New York federal judge has granted partial early wins to both the National Credit Union Administration board and Deutsche Bank in a long-running suit stemming from the 2008 financial crisis and concerning allegations that Deutsche Bank failed to fulfill its duties to certificate holders in several residential mortgage-backed securities trusts.

  • August 18, 2025

    Catching Up With Delaware's Chancery Court

    Executives and board members of Cencora Corp. tentatively settled a stockholder derivative suit for $111.25 million, VectoIQ board members reached a $6.3 million deal on stockholder claims over electric carmaker Nikola's prospects, and class attorneys who secured a $50 million derivative suit settlement saw their proposed 25% attorney fee cut by almost half. Here's the latest from the Delaware Chancery Court.

  • August 18, 2025

    GrafTech Investors' Plant Contamination Suit Gets Tossed

    An Ohio federal judge threw out a shareholder lawsuit against GrafTech International Ltd. on Monday, ruling that allegations the company hid environmental contamination problems at a Mexican plant amounted to "fraud by hindsight."

  • August 18, 2025

    Ex-Lovesac Execs Stuck With Bulk Of SEC Fraud Suit

    The U.S. Securities and Exchange Commission's suit against two former executives of beanbag chair maker Lovesac will move forward after a Connecticut federal judge ruled that the SEC had adequately pled knowledge of wrongdoing by the defendants and the materiality of alleged misstatements.

  • August 18, 2025

    Investors Can't Yet Tie Logan Paul To CryptoZoo Claims

    A Texas magistrate judge recommended that a proposed class action over Logan Paul's CryptoZoo project should be dismissed, writing that the group hadn't adequately connected the influencer to their claims that they were ripped off when the project failed.

Expert Analysis

  • Series

    Playing Mah-Jongg Makes Me A Better Mediator

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    Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.

  • Business Court Bill Furthers Texas' Pro-Corporate Strategy

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    The Texas Legislature's recent bill to enhance corporate protections and expand access to the Texas Business Court by refining its jurisdictional standards is just the latest step in the state's playbook for becoming the new center of corporate America, say attorneys at Katten.

  • Series

    Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • What To Expect As UK, US Gov'ts Develop Stablecoin Policies

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    While the U.K. and U.S. governments’ policies both suggest that fiat-backed stablecoins can improve efficiency and safety in payments systems, a perception that crypto-assets remain high risk means consumers are unlikely to use them in significant volume anytime soon, say lawyers at Cadwalader.

  • Opinion

    4 Former Justices Would Likely Frown On Litigation Funding

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    As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • Quantifying Trading-Based Damages Using Price Impact

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    The U.S. Securities and Exchange Commission will likely increasingly rely on price impact analyses to demonstrate pecuniary harm from trading-related misconduct, meaning measuring price impact will be helpful in challenging SEC disgorgement, determining appropriate remedies, and assessing loss causation and damages in private litigation, says Vyacheslav Fos at Boston College and Erin Smith at Compass Lexecon.

  • Congress Crypto Movement Could Bring CFTC 'Clarity' At Last

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    The Clarity Act's arrival at the House floor during "Crypto Week" in Congress demonstrates enduring bipartisan support for legislation addressing digital assets and the Commodity Futures Trading Commission's important role in a future regulatory structure, say attorneys at DLA Piper.

  • Practical Implications Of SEC's New Crypto Staking Guidance

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    The U.S. Securities and Exchange Commission's recent staff guidance that protocol staking does not constitute securities offerings provides a workable compliance blueprint for crypto developers, validators and custodial platforms willing to keep staking strictly limited to protocol-driven rewards, say attorneys at Cahill.

  • Stablecoin Bills Present Opportunities, Challenges For Banks

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    Stablecoin legislation that Congress is expected to adopt in the coming weeks — the GENIUS and STABLE Acts — would create openings for banks to engage in digital asset activities, but it also creates a platform for certain tech-savvy nonbanks to directly compete, say attorneys at Arnold & Porter.

  • How Attys Can Use AI To Surface Narratives In E-Discovery

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    E-discovery has reached a turning point where document review is no longer just about procedural tasks like identifying relevance and redacting privilege — rather, generative artificial intelligence tools now allow attorneys to draw connections, extract meaning and tell a coherent story, says Rose Jones at Hilgers Graben.

  • Leveraging Diligence Findings For Better Life Sciences Deals

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    Life sciences parties should utilize due diligence strategically to review and draft deal documents, address issues identified during the diligence, and craft solutions to achieve the party's transactional goals, says Anna Zhao at Gunner Cooke.

  • Capital One Deal Approval Lights Up Path For Bank M&A

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    The federal banking regulators' recent approval of Capital One's acquisition of Discover signals the agencies' willingness to approve large transactions and a more favorable environment generally for bank mergers under the Trump administration, say attorneys at Arnold & Porter.

  • Gauging The Risky Business Of Business Risk Disclosures

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    With the recent rise of securities fraud actions based on external events — like a data breach or environmental disaster — that drive down stock prices, risk disclosures have become more of a sword for the plaintiffs bar than a shield for public companies, now the subject of a growing circuit split, say attorneys at A&O Shearman.

  • Series

    Playing The Violin Makes Me A Better Lawyer

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    Playing violin in a string quartet reminds me that flexibility, ambition, strong listening skills, thoughtful leadership and intentional collaboration are all keys to a successful legal practice, says Julie Park at MoFo.

  • SEC Proposal Could Hurt Foreign Issuers' US Market Access

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    The U.S. Securities and Exchange Commission’s June call for feedback on potentially narrowing how it designates foreign private issuers of securities could ultimately result in significant new barriers for traders that rely on FPI accommodations to participate in U.S. markets, say attorneys at Gibson Dunn.

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