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Capital Markets
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February 13, 2026
Banking, Fintech Groups Clash Over OCC Trust Rule Update
Banking groups have warned the Office of the Comptroller of the Currency that it's overstepping its authority with a proposal to update the scope of national trust company operations, while fintech groups that the rule change would ostensibly benefit have applauded the measure.
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February 13, 2026
Crypto CEO Gets 20 Years For $200M Bitcoin Ponzi Scheme
The CEO of a cryptocurrency trading company will serve 20 years for his role in a $200 million Ponzi scheme that federal prosecutors said defrauded more than 90,000 investors worldwide, a sentence the CEO claims is too long given his life expectancy.
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February 13, 2026
Momentus Co-Founder Sues In Del. For Space Co. Legal Fees
A founding officer of a "space tug" venture formed to haul satellites after launch to their destinations sued the company in Delaware's Court of Chancery late Friday, alleging that the business has failed to honor agreements to cover his legal fees for years of litigation.
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February 13, 2026
FinCEN Opens Online Portal For Whistleblower Tips
An enforcement arm of the U.S. Treasury Department on Friday launched a webpage for confidential whistleblower tips on fraud, money laundering and sanctions violations, touting financial awards for eligible tips.
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February 13, 2026
Expensify Inks $9.5M Investor Deal Over Pre-IPO Claims
Expensify Inc. has agreed to pay $9.5 million to resolve a proposed class of investors' lawsuit that accused the company of misleading them about its "bottom-up" business model ahead of its nearly $263 million initial public offering, according to a motion seeking an Oregon federal court's preliminary approval of the settlement.
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February 13, 2026
Reed Smith Nabs Ex-WilmerHale Capital Markets Pro
Reed Smith LLP has hired a former WilmerHale attorney who specializes in corporate and securities matters as a global corporate group partner in Denver for the firm's business and finance department.
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February 13, 2026
Bannon, Epshteyn Sued Over 'Let's Go Brandon' Coin Promos
Stephen Bannon and Boris Epshteyn, a senior aide to President Donald Trump, have been hit with a proposed class action in Washington, D.C., federal court over their promotion of the "Let's Go Brandon" crypto coin, named after the infamous anti-Biden meme.
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February 13, 2026
Investor Says Pot Startup Faked Deals, Took Money And Ran
An investor is suing cannabis startup Infinite Percent Partners LLC and its owner in California federal court, saying he was tricked into investing by lies about the company's prospects, while its owner took the investor funds, spent them on himself and disappeared.
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February 13, 2026
FinCEN Eases Beneficial Owner ID Rules For Banks
The U.S. Treasury Department's Financial Crimes Enforcement Network announced Friday that banks are excepted from certain aspects of the agency's customer due diligence rules, including the requirement to repeatedly identify the beneficial owners of existing corporate account holders.
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February 13, 2026
Australian Coal Miner Readies US Listing Via SPAC Merger
Special purpose acquisition company Aura FAT Projects Acquisition Corp., advised by The Loev Law Firm PC, has entered into a binding letter of intent to merge with Australian coal miner Dalmore Holdings Pty Ltd., led by Duane Morris LLP, in a deal that would result in the combined company being publicly traded in the U.S.
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February 13, 2026
Fintech Clear Street Delays US IPO After Downsizing Offering
Cloud-based financial services provider Clear Street has postponed its initial public offering due to market conditions, a move that comes just a day after the company significantly reduced its planned offering size.
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February 13, 2026
Taxation With Representation: Homburger, Lenz & Staehelin
In this week's Taxation With Representation, offshore drilling contractor Transocean Ltd. acquires rival Valaris Ltd., historic British fund manager Schroders agrees to a cash takeover by U.S. asset manager Nuveen, and a consortium that includes U.S. private equity firm Advent International LP and FedEx Corp. buy Polish parcel locker company InPost.
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February 13, 2026
MoFo, Paul Hastings Build $4.5B Tri Pointe Homes Sale
Morrison Foerster LLP-advised Sumitomo Forestry Co. Ltd. announced plans Friday to acquire Tri Pointe Homes, advised by Paul Hastings LLP, in a $4.5 billion all-cash deal that will take the U.S. homebuilder private.
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February 13, 2026
Domino's Brass Faces Derivative Suit Over Growth Walkback
Executives and directors of pizza chain Domino's face shareholder derivative claims in Michigan federal court that it downplayed challenges its largest franchisee was facing, hurting investors when the company was forced to suspend its goal to open more than 1,100 new stores annually over five years.
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February 13, 2026
Weedmaps Reaches Deal To End Investors' Stock Drop Suit
Weedmaps Technology Inc. has reached a deal to end a proposed class action from investors alleging the cannabis tech company inflated its monthly average users metric after going public.
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February 12, 2026
Goldman Sachs' CLO Resigns After Epstein Email Revelations
Kathryn Ruemmler, the chief legal officer for Goldman Sachs, announced plans Thursday to step down, after the U.S. Department of Justice released emails showcasing her relationship with disgraced financier Jeffrey Epstein.
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February 12, 2026
5 Key Flashpoints From Fed's 'Skinny' Account Proposal
The Federal Reserve's push to create "skinny" master accounts that would open up access to U.S. payment rails has become the latest front in long-running turf wars between banks and fintech companies. Here are five of the project's hottest flashpoints attracting controversy.
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February 12, 2026
Super Micro Investor Fights Uphill At 9th Circ. To Lead Suit
A Ninth Circuit panel appeared skeptical Thursday of a Super Micro Computer Inc. investor's writ of mandamus petition challenging a lower court's decision to reject it as lead plaintiff in a proposed securities class action, with each judge expressing doubts that the investor has shown its "extraordinary" request for relief is warranted.
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February 12, 2026
Simpson Thacher, Davis Polk Steer SoftBank-Backed IPO
SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp., represented by Simpson Thacher & Bartlett LLP, on Thursday filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, the underwriters of which are represented by Davis Polk & Wardwell LLP.
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February 12, 2026
Chancery Mulls Contempt For Co. Refusing Legal Fee Demand
A request for a Court of Chancery contempt sanctioning of "smart" glass-maker View Inc. for failure to pay millions in legal fee advancements sought by its former chief financial officer went to a Delaware Magistrate in Chancery for a ruling Thursday, with decisions affecting the cost pending in multiple courts.
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February 12, 2026
Telecom Execs Lose Bid To Overturn $5.8M Arbitration Award
A California federal judge has confirmed a $5.8 million arbitration cost award stemming from a dispute over a failed project to bring satellite broadband internet to sub-Saharan Africa, ruling that the award debtors erred by asking the court to second-guess the arbitral tribunal's findings.
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February 12, 2026
Ashurst Welcomes Back Hong Kong Partner From Debevoise
Ashurst LLP said it has hired a Debevoise & Plimpton LLP lawyer and appointed him to serve as a partner in the global law firm's Hong Kong dispute resolution practice, noting that he will focus on commercial litigation, international arbitration and white collar and regulatory defense matters.
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February 12, 2026
SEC's Atkins Rejects Top Dem's Crypto Corruption Claims
U.S. Securities and Exchange Commission Chairman Paul Atkins on Thursday pushed back on claims his agency dropped against cryptocurrency firms as a political favor to President Donald Trump, telling Senate Democrats a "changed attitude" by the commission led to the dismissals.
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February 12, 2026
Top SEC Enforcer Sees Fewer Cases Over Common Violations
The U.S. Securities and Exchange Commission's enforcement chief says she is confident that many violations of federal securities laws concerning requirements for reporting, recordkeeping and internal accounting should not result in agency enforcement actions.
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February 12, 2026
Airbnb Escapes Most Of Conservative Investors' Suit
A Delaware federal judge on Thursday trimmed claims from two institutional shareholders' suit alleging Airbnb wrongfully excluded their shareholder proposals from proxy materials, nixing claims against specific executives and claims about not-yet-released 2026 proxy materials.
Expert Analysis
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Assessing The SEC's Changing Approach To NFT Regulation
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.
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Where Crypto Mixing Enforcement Is Headed From Here
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.
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Why Foreign Cos. Should Prep For Increased SEC Oversight
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.
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How Nasdaq, SEC Proposals May Transform Listing Standards
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.
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Series
Building With Lego Makes Me A Better Lawyer
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.
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How Banks Can Safely Handle Payments For Gambling Biz
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.
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SEC Focused On Fraud As Actions Markedly Declined In 2025
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.
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Series
Law School's Missed Lessons: Networking 101
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.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
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.
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A Look At State AGs' Focus On Earned Wage Products
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.
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Digital Asset Treasury Trend Signals Wider Crypto Embrace
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.
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Series
The Biz Court Digest: How It Works In Massachusetts
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.
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How The SEC May Overhaul Its Order Protection Rule
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.
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Why Appellees Should Write Their Answering Brief First
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.
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Questions To Ask Your Client When Fraud Taints Financing
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.