Capital Markets

  • May 08, 2026

    Goliath Investors Add Companies To Alston & Bird Scam Suit

    Months after suing Alston & Bird LLP for its alleged role in a $328 million cryptocurrency scam at Goliath Ventures Inc., a proposed class of investors added a number of financial institution defendants and claims to their original complaint.

  • May 08, 2026

    Eversheds Sutherland Hires Ex-SEC Counsel In DC

    Eversheds Sutherland has hired a 16-year veteran of the U.S. Securities and Exchange Commission as a counsel in its U.S. capital markets and investments practice group.

  • May 07, 2026

    SEC Fines Ex-BigLaw Atty For Insider Trades On Apollo Deal

    A former Buchalter PC shareholder has agreed to pay $71,625 to settle the U.S. Securities and Exchange Commission's allegations he purchased stock ahead of Apollo Global Management's $1.5 billion acquisition of Bridge Investment, which the commission said he was representing in an unrelated matter at the time.

  • May 07, 2026

    Rakoff Expands On Coinbase Securities Suit Dismissal Ruling

    U.S. District Judge Jed Rakoff on Thursday explained his ruling last month dismissing securities fraud claims against cryptocurrency exchange Coinbase, brought by investors in a digital asset associated with the now-failed Terraform blockchain ecosystem, stating in a new opinion that the suit fails to plead falsity, among other things.

  • May 07, 2026

    Ex-Beneficient CEO Convicted In $150M Shell Co. Fraud

    The former CEO of Texas financial services firm Beneficient was convicted by a Manhattan federal jury on Thursday of securities fraud and other charges connected with a scheme to fraudulently loot more than $150 million from now-defunct GWG Holdings, a publicly traded company for which he served as chairman.

  • May 07, 2026

    Monolithic Must Face Most Nvidia-Linked Investor Claims

    A Washington federal judge has largely denied Monolithic Power Systems Inc.'s bid to dismiss an investor suit accusing it of hiding critical defects in power modules used by its largest customer, Nvidia Corp., rejecting the company's argument that the suit's claims amount to "fraud-by-hindsight."

  • May 07, 2026

    Crypto Bill Could Get Senate Banking Markup Next Week

    A bill to regulate crypto markets known as the Clarity Act could be marked up by the Senate Banking Committee as soon as next week, but lawmakers are still finalizing key provisions that could make or break the voting process, policymakers told attendees of the crypto conference Consensus.

  • May 07, 2026

    'If It Quacks': Judge Hints Kalshi's Biz Is Sports Gambling

    Fourth Circuit judges appeared dubious Thursday as counsel for Kalshi explained why its "sports event contracts" can only be regulated by the U.S. Commodity Futures Trading Commission rather than state gambling laws, with one judge remarking, "If it quacks, you know, it's a duck. Right? It's gambling isn't it?"

  • May 07, 2026

    4th Circ. Questions Class Cert. Ruling In Boeing Investor Case

    The Fourth Circuit indicated on Thursday it may send an investor lawsuit against Boeing back to a lower court for a second look at class certification, with one judge saying the district court "told us nothing" about what liability theory was being relied on to certify the class.

  • May 07, 2026

    Warren Asks Meta About Reported Stablecoin Payment Plans

    The top Democrat on the Senate Banking Committee has called on Meta CEO Mark Zuckerberg to provide more information about the company's reported plans to introduce stablecoin-based payment features for its users, accusing it of a "deeply troubling" lack of transparency about the project.

  • May 07, 2026

    Kalshi Nets $1B Fundraise, Reaches $22B Valuation

    Kalshi, guided by Cooley LLP, announced Thursday that it raised $1 billion for its Series F fundraising round as it reached a $22 billion valuation.

  • May 07, 2026

    PDVSA Says Repaying $95M Debt Is Impossible

    Venezuela's state-owned oil company has insisted it has no way to repay some $95 million in debt to bondholders due to banks being unwilling to work with it given the pariah status of the Venezuelan government.

  • May 07, 2026

    Chip Co. Must Face Suit Over Apple Biz Loss, Judge Says

    Semiconductor manufacturer Skyworks must face a proposed shareholder class action accusing it of downplaying the financial impact of its diminished business relationship with Apple, with the court finding the investors plausibly show the company concealed relevant information before revealing last year it would pull back its revenue expectations.

  • May 07, 2026

    Sanctions Sought For Trader Accused Of Using Frozen Funds

    The receiver overseeing The Traders Domain, a brokerage accused by the Commodity Futures Trading Commission of orchestrating a $283 million scheme, pushed Thursday for sanctions against a commodities trader accused of funding a lavish lifestyle with $3.4 million from an entity that is supposed to be part of the receivership.

  • May 07, 2026

    Conn. Investment Firm Settles $70M Client Poach Suit

    Connecticut investment firm TJT Capital Group LLC and its one-time chief compliance officer have settled a lawsuit accusing the former executive of taking 125 clients with $70 million in assets under management when he left for a new job, federal court records show.

  • May 07, 2026

    Pharma Cos. Hit With $2M Judgment Over CBD Investor Fraud

    A California federal judge has issued final judgments against a pharmaceutical company, its CEO and an affiliate on claims from the U.S. Securities and Exchange Commission that they defrauded investors of $6.6 million, hitting them with more than $2 million in damages and civil penalties.

  • May 07, 2026

    Cooley Leads Space Analytics Firm HawkEye 360's $416M IPO

    Space-based radio signals company HawkEye 360 began trading publicly on Thursday after raising $416 million in its initial public offering led by Cooley LLP and Davis Polk & Wardwell LLP.

  • May 07, 2026

    Financial Cos. Say Atty Can't Represent Self In Securities Suit

    A group of financial services companies fighting an attorney's proposed securities class action has urged a New Jersey federal court to disqualify the attorney from serving as class counsel, arguing that precedent and ethical obligations prevent him from serving as both class counsel and the proposed class's named representative.

  • May 07, 2026

    Blue Owl's Stack Could See $30B Price Tag, And More Rumors

    Artificial intelligence was a common denominator across recent deal rumors, as Blue Owl Capital was said to be exploring a $30 billion sale of Stack Infrastructure's Asia operations, Anthropic cut a reported $200 billion deal with Google Cloud, and KKR raked in billions for the buildout of a new data center-focused AI company. 

  • May 07, 2026

    Alston & Bird Adds Ex-Katten Corporate Pro In Chicago

    Alston & Bird LLP has added a capital markets attorney previously with Katten Muchin Rosenman LLP as a partner in its Chicago office, the firm announced Thursday.

  • May 06, 2026

    OCC Stablecoin Rules Become Battleground For Yield Debate

    Banks and fintechs continued to clash over whether crypto firms should be able to pay yield and rewards on stablecoins in competing comments on the Office of the Comptroller of the Currency's plans to implement the federal stablecoin law known as the Genius Act.

  • May 06, 2026

    Celsius Exec's Help Was Key, Feds Say Before Sentencing

    Manhattan federal prosecutors said sentencing for the former chief revenue officer of the defunct cryptocurrency firm Celsius Network should reflect that the executive provided "substantial assistance" to the government as it pursued the conviction of Celsius' former CEO, who eventually pled guilty to misrepresentation and market manipulation charges.

  • May 06, 2026

    North Korea Victims Fight Crypto Co. Over $71M Frozen Funds

    Individuals with $696 million in judgments against North Korea told a New York federal court that $71 million in crypto assets frozen following a hack they say was perpetrated by North Korea should remain frozen so they can collect on them.

  • May 06, 2026

    'Drugs Made In America' SPAC Eyes $1B Deal With AI Platform

    Special purpose acquisition company Drugs Made In America Acquisition Corp. has filed plans with U.S. regulators to merge with tech company Power Analytics Global Corp. in a deal with a target enterprise valuation of $1 billion for Power Analytics.

  • May 06, 2026

    Amber Denies Violating Confidentiality Order In Citgo Feud

    An affiliate of hedge fund Elliott Investment Management LP — whose $5.9 billion bid for Citgo's parent company was accepted late last year — is denying the oil giant's allegations that it improperly exposed company secrets in an op-ed last month, telling a Delaware federal court it has every interest in ensuring the company's success.

Expert Analysis

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • How Bankrupt Cos. Can Seek Refunds For Illegal Tariffs

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    In light of the U.S. Supreme Court's recent decision striking down President Donald Trump's International Emergency Economic Powers Act tariffs as illegal, some companies may have strong prospects for recovering refunds from the government, and trustees in bankruptcy may have a significant role to play in seeking such recovery, say attorneys at Stinson.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 7 Steps For Gov't Contractors In Post-IEEPA Tariff Landscape

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    In response to U.S. Supreme Court's recent decision to strike down tariffs issued by the Trump administration under the International Emergency Economic Powers Act, there are several actions federal contractors should take to preserve their place in any refund waterfall, and to manage audit, overpayment and False Claims Act risk, say attorneys at Holland & Knight.

  • How DExit, Mandatory Arbitration Could Alter IPO Outlook

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    As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Risk Disclosure Lessons For AI Cos. From Dot-Com Era

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    Regulatory responses following the dot-com collapse reflected a consistent emphasis on whether public disclosures enabled investors to understand the economic reality underlying reported performance, a focus that is likely to shape how artificial intelligence infrastructure disclosures are evaluated if market expectations similarly deteriorate, say Diana Connor, Adrienna Huffman and Bin Zhou at the Brattle Group.

  • Section 122 Tariffs Show Shift In Strategy, Not Trade Policy

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    By imposing temporary tariffs under Section 122 of the Trade Act as a stopgap measure while it pivots to less transitory statutory authorities, the Trump administration sent a clear message that the U.S. Supreme Court’s decision in Learning Resources v. Trump, invalidating duties imposed under the International Emergency Economic Powers Act, will not precipitate a change in policy direction, say attorneys at Snell & Wilmer.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

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