Capital Markets

  • September 25, 2025

    Accounting Firm Drops Case Over PCAOB's In-House Courts

    A lawsuit challenging the constitutionality of the Public Company Accounting Oversight Board's in-house disciplinary process appears to have come to an end on Thursday after the auditing firm that filed it agreed to settle with the board earlier this week.

  • September 25, 2025

    First Merchants, First Savings Merge In $241M All-Stock Deal

    Dentons-advised First Merchants Corp. and First Savings Financial Group Inc., led by Luse Gorman PC, on Thursday unveiled plans to merge in an all-stock deal valued at roughly $241 million.

  • September 25, 2025

    Akin Grows Capital Solutions Platform With DLA Piper Atty

    Akin Gump Strauss Hauer & Feld LLP announced another addition to its capital solutions team Wednesday, welcoming a New York-based private credit partner from DLA Piper.

  • September 25, 2025

    Trump SPAC Ex-CEO Wins $1.5M Legal Fee Advance In Del.

    Saying the court was wary of second-guessing attorney judgment in legal fee advancement billings, a Delaware magistrate in chancery has rejected most challenges to $1.5 million in fee claims by a former CEO of Donald Trump-tied blank check company Digital World Acquisition Corp.

  • September 25, 2025

    Second 'Drugs Made In America' SPAC Raises $500M In IPO

    Drugs Made In America Acquisition II, a special purpose acquisition company planning to target companies in the pharmaceutical industry, began trading publicly on Thursday after pricing a $500 million initial public offering, marking the largest SPAC listing of 2025.

  • September 25, 2025

    Freshfields, Fried Frank-Led Petershill To Exit London Listing

    Goldman Sachs-owned private equity investor Petershill Partners PLC said on Thursday that it is planning to leave the London Stock Exchange and return up to $932 million of capital to shareholders to enhance its value, in a new blow to the bourse.

  • September 25, 2025

    Milbank Advises AI Biz Nscale On $1.1B Series B Funding

    British AI infrastructure operator Nscale said Thursday that it has raised $1.1 billion from investors, including tech giant Nvidia, to expand its data centers.

  • September 24, 2025

    AML Software Sues Athena Bitcoin Over Source Code Theft

    AML Software has filed a copyright infringement suit against ATM operator Athena Bitcoin for allegedly misappropriating its proprietary bitcoin ATM source code without authorization.

  • September 24, 2025

    UnitedHealth Fights Investor Suit Over DOJ's Merger Probe

    UnitedHealth and its executives have asked a Minnesota federal judge to toss a proposed securities class action accusing it of, among many things, not disclosing that the U.S. Department of Justice had reopened an antitrust investigation into the health insurer, saying the complaint consists of unsupported "scattershot allegations."

  • September 24, 2025

    Binance Founder Not Properly Served In Terror Case: Judge

    Victims of the October 2023 attack in Israel suing Binance for allegedly abetting the attack have been denied permission to serve the cryptocurrency exchange's founder by alternative means, after a D.C. federal judge ruled that their "relatively minimal effort" to serve him via conventional means wasn't enough.

  • September 24, 2025

    Equity Trader Gets 2 Months For Insider Trading

    A Connecticut-based former head of equities trading for an investment firm who copped to insider trading in June has been sentenced to two months in prison and ordered to pay more than $331,000.

  • September 24, 2025

    FINRA To Nix Minimum Equity Requirement For Day Traders

    The Financial Industry Regulatory Authority announced Wednesday that its board approved changes to its rules for so-called pattern day trading that would remove a minimum equity requirement for such traders.

  • September 24, 2025

    Judge Denies Tron Founder's Bid To Block Bloomberg Report

    A Delaware federal judge declined to direct Bloomberg LP to remove reporting about Justin Sun's crypto holdings for now in an opinion that said he remains unconvinced the media outlet made any promise of confidentiality to the Tron founder.

  • September 24, 2025

    Coinbase Wants Out Of Terraform Token Conversion Loss Suit

    Coinbase Inc. has urged a California federal court to toss a suit lodged by cryptocurrency buyers alleging the crypto exchange caused them to incur losses after Terraform's collapse three years ago, arguing the buyers' claims are both time-barred and fail to show that the crypto exchange intended to deceive.

  • September 24, 2025

    Defunct Tech Co.'s CEO Bilked Investors Of $120M, Feds Say

    The founder of a defunct Canadian technology company faces criminal charges and a civil suit in California federal court by securities regulators on Wednesday stemming from a fraud scheme where he allegedly raised $120 million after providing investors with bogus financial statements that inflated the company's financial condition and performance.

  • September 24, 2025

    Comcast Loses Challenge To Labor Dept. ALJs' Authority

    Comcast Corp. can't force a pair of former executives and the U.S. Department of Labor to sue in federal court, after a Virginia federal judge found that handing a Sarbanes-Oxley whistleblower case to an administrative law judge did not violate the company's Seventh Amendment rights.

  • September 24, 2025

    Merrill Lynch Accuses Ex-Staff, Schwab, Investor Of IP Theft

    Merrill Lynch has filed a trade secrets lawsuit against a dozen former employees, Charles Schwab and Dynasty Financial Partners, alleging the defendants conspired to start a new independent financial advisory firm with Merrill's staff and confidential information.

  • September 24, 2025

    Rick Perry's Data Center REIT Launches Plans For $550M IPO

    Fermi America, a venture by former U.S. Energy Secretary Rick Perry to build a 5,000-acre Amarillo, Texas, energy and data center, sought a $13.1 billion valuation Wednesday in an initial public offering guided by Haynes Boone and Vinson & Elkins LLP.

  • September 24, 2025

    SEC Taps Longtime FINRA Exec As Trading & Markets Deputy

    The U.S. Securities and Exchange Commission on Wednesday named a new deputy director of the agency's Division of Trading and Markets who previously served in senior roles at the Financial Industry Regulatory Authority and most recently worked at SEC Chair Paul Atkins' now-former financial services consultancy.

  • September 24, 2025

    Loeb & Loeb, Kirkland Guide SPAC Lafayette's $250M IPO

    Guided by Loeb & Loeb LLP and underwriters' counsel Kirkland & Ellis LLP, special purpose acquisition company Lafayette Digital Acquisition I filed Tuesday for a $250 million initial public offering with the U.S. Securities and Exchange Commission with hopes to acquire blockchain- or fintech-related merger targets.

  • September 24, 2025

    PE-Focused Debt Finance Pro Boosts Cooley's Boston Office

    Cooley LLP has grown its debt finance practice in Boston with the addition of a Choate Hall & Stewart LLP attorney.

  • September 23, 2025

    Experian Beats Credit Investigation Suit, For Now

    Experian beat a proposed class action alleging it failed to timely reinvestigate disputed information in a plaintiff's file that kept him from securing a property mortgage loan, a North Carolina federal judge said Tuesday, finding that the plaintiff lacked standing and couldn't fairly trace his injury to the delay in reinvestigation.

  • September 23, 2025

    Banks Urge SEC To Hold Crypto Custody To Same Standards

    Financial services trade groups have cautioned the U.S. Securities and Exchange Commission against broadly permitting investment advisers and state-chartered trust companies to safeguard customer's cryptocurrency assets, urging the agency to maintain equal standards for all financial custodians amid planned crypto rulemaking.

  • September 23, 2025

    RadioShack Reboot Plan Morphed Into $112M Scam, SEC Says

    The U.S. Securities and Exchange Commission sued three former Retail Ecommerce Ventures LLC executives in Florida federal court Tuesday, alleging they raised $112 million through fraudulent securities offerings that operated as a Ponzi-like scheme that promised bogus 25% annual returns to revitalize popular REV brands including RadioShack and Pier 1 Imports.

  • September 23, 2025

    CFTC Seeks Feedback On The Use Of Crypto Collateral

    The U.S. Commodity Futures Trading Commission launched an initiative on Tuesday to enable the use of certain crypto assets as collateral in derivatives markets, soliciting industry suggestions on potential pilot programs, amendments to regulations and relevant issues.

Expert Analysis

  • Series

    Hiking Makes Me A Better Lawyer

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    On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.

  • White House Report Strikes An Optimistic Note On Crypto

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    Taking seriously President Donald Trump's pledge to adopt a pro-innovation mindset toward digital assets and blockchain technologies, a recent benchmark White House report on crypto provides a comprehensive regulatory framework that takes into account the products' novel characteristics within the high-tech ecosystem, say attorneys at Davis Wright.

  • Series

    Law School's Missed Lessons: Negotiation Skills

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    I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.

  • Opinion

    Andreessen Horowitz's Take On Delaware Is Misguided

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    Hostility toward incorporation in Delaware, as expressed in Andreessen Horowitz's recent announcement that it has moved its primary business from the First State to Nevada, is based on a basket of arguments that fail to stand up to harsher scrutiny, say attorneys at Alto Litigation.

  • ESG-Focused Activism Persists Despite Proxy Curbs

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    Shareholder activism focused on environmental, social and governance factors appears poised to continue, despite the U.S. Securities and Exchange Commission's recent move toward exclusions in proxy voting proposals around ESG, say attorneys at Mintz.

  • Opinion

    Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • A Simple Way Courts Can Help Attys Avoid AI Hallucinations

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    As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.

  • Opinion

    SEC Should Restore Its 2020 Proxy Adviser Rule

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    Due to concerns over proxy advisers' accuracy, reliability and transparency, the U.S. Securities and Exchange Commission should reinstate its 2020 rule designed to suppress the influence that they wield in shareholder voting, says Kyle Isakower at the American Council for Capital Formation.

  • What's At Stake In High Court Review Of Funds' Right To Sue

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    The U.S. Supreme Court's upcoming review of FS Credit Opportunities v. Saba Capital Master Fund, a case testing the limits of using Investment Company Act Section 47(b) to give funds a private right of action to enforce other sections of the law, could either encourage or curb similar activist investor lawsuits, say attorneys at Goodwin.

  • The Road Ahead For Digital Assets Looks Promising

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    With new legislation expected to accelerate the adoption of blockchain technology, and with regulators taking a markedly more permissive approach to digital assets, the convergence of traditional finance and decentralized finance is closer than ever, say attorneys at Dechert.

  • How Securities Defendants Might Use New Wire Fraud Ruling

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    Though the Second Circuit’s recent U.S. v. Chastain decision — vacating the conviction of an ex-OpenSea staffer — involved the wire fraud statute, insider trading defendants might attempt to import the ruling’s reasoning into the securities realm, says Jonathan Richman at Brown Rudnick.

  • M&A Ruling Reinforces High Bar For Aiding, Abetting Claims

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    The Delaware Supreme Court's recent decision in In re: Columbia Pipeline may slow the filing of aiding and abetting claims against third-party buyers in situations where buyers negotiate aggressively, putting buy-side dealmakers' minds at ease that they likely won't be liable for seeking the best possible deal, say attorneys at Simpson Thacher.

  • Series

    Creating Botanical Art Makes Me A Better Lawyer

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    Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.

  • Opinion

    The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • 'Pig Butchering' Seizure Is A Milestone In Crypto Crime Fight

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    The U.S.' recent seizure of $225 million in crypto funds in a massive "pig butchering" scheme highlights the transformative impact of blockchain analysis in law enforcement, and the increasing necessity of collaboration between law enforcement agencies, cryptocurrency exchanges and stablecoin issuers, says David Zaslowsky at Baker McKenzie.

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