Kansas bank CrossFirst Bankshares and Chinese online lending platform 9F Inc. made their public market debuts Thursday after pricing initial public offerings that raised a total of $187 million during a quiet week for IPOs.
San Francisco-based Pivotal Software said Thursday in a regulatory filing that it is in the midst of negotiating with VMWare to be bought for roughly $1.45 billion in a deal led by Simpson Thacher that would bring the two cloud-based software providers together.
The woman charged with stealing the personal data of 106 million Capital One customers and applicants also hacked dozens more companies and other entities, prosecutors claimed in a Wednesday filing in Seattle federal court seeking the alleged hacker's detention.
Venture capital-backed fintech companies globally saw $8.3 billion in funding in the second quarter of 2019 bolstered by the most funding rounds over $100 million in one quarter, CB Insights said in a report published Tuesday.
Chinese online lending platform Samoyed Holding pulled its planned $80 million Shearman & Sterling-led initial public offering on Wednesday citing “unfavorable market conditions.”
Cryptocurrency platform BitMEX violated the United Kingdom’s advertising code when it took out a two-page ad in The Times that “exaggerated” the potential return on bitcoin investments and misled readers, the Advertising Standards Authority said Wednesday.
The founder of multilevel marketing company IPro accused the U.S. Securities and Exchange Commission of essentially setting it up to take the fall for an alleged $26.5 million pyramid scheme in a countersuit against the agency filed in California federal court.
Securities veteran Bob Cornish has landed at Anderson Kill in Washington, D.C., where he will be working with the firm's corporate litigation group as well as its growing blockchain and virtual currency group.
The Seventh Circuit said Tuesday that foreign exchange market maker Effex Capital LLC should have taken its beef with the National Futures Association to regulators, not the district court.
A New York federal judge on Tuesday denied the co-founders of a defunct cryptocurrency company's attempt to dismiss a criminal indictment against them over the divulgence of privileged documents to prosecutors.
Bank of America escaped a proposed class action accusing it of illegally charging a fee to stop recurring electronic payments from checking accounts after a California federal judge whittled the suit down to one claim made by a lead plaintiff in an individual capacity Tuesday.
Over $4.26 billion in cryptocurrency holdings were lost globally in the first half of 2019 despite an uptick in regulatory awareness in the industry, cryptocurrency anti-money laundering intelligence firm CipherTrace said in a report published Tuesday.
Two cryptocurrency asset managers have filed suit in California federal court against a platform used to trade the virtual goods from video games, accusing the company of running an unregulated gambling site and saying it should have made that business model clear leading up to the platform's initial coin offering.
The director of the Department of the Treasury's Financial Crimes Enforcement Network told casinos and others on Tuesday that diligence on emerging trends and technology, including sports betting and virtual currency, is key to combating money laundering and other financial crimes.
A U.S. Securities and Exchange Commission official said Tuesday that the agency expects to propose revisions to longstanding rules that determine who can invest in private offerings before it moves on to additional questions concerning the regulation of nonpublic offerings.
The U.S. Securities and Exchange Commission issued a cease-and-desist order Monday that says health care blockchain company SimplyVital Health Inc. failed to register its digital tokens in a presale.
A Warburg Pincus affiliate has invested about $200 million in technology products and services company Indecomm Digital Services, according to a Tuesday statement.
The Third Circuit has ruled that debt collection letters which reveal encrypted account numbers such as scannable QR codes violate federal consumer protection law, handing a precedential victory to a Chase Bank credit card holder who filed class claims against the financial giant's collection agent.
The U.S. Securities and Exchange Commission filed an "emergency action" against self-styled cryptocurrency guru Reginald Middleton and his Veritaseum Inc. on Monday, alleging he stole millions by promising investors he was on the verge of bringing in "quadrillions" of dollars and putting "brokers, banks and hedge funds" out of business for good.
The California Supreme Court ruled Monday that consumers who visit a business' website intending to use its services have standing to sue over allegedly biased policies that exclude them from accessing services, giving a bankruptcy attorney the green light to pursue his proposed discrimination class action against Square Inc.
Two Canadians have inked a nearly $7 million deal with the U.S. Securities and Exchange Commission to settle claims they orchestrated a fraudulent $15 million initial coin offering, the first charges filed by the agency's newly created cyber unit, according to a consent judgment filed Friday in New York federal court.
Indian small business resale platform Meesho on Monday said investors led by Naspers Ltd. poured $125 million into the Cooley LLP-guided company's latest funding round as it looks to expand its presence across the country.
A cryptocurrency investor claims a Palestinian national stole more than $677,000 worth of the digital token Ripple from her by manipulating the records of an unnamed online escrow platform.
U.K.-based property finance company LendInvest said Monday it received a £200 million ($241.5 million) investment from National Australia Bank.
The U.S. Securities and Exchange Commission defended its in-house judges Friday, telling the Fifth Circuit the U.S. solicitor general has explained the processes for removing the agency’s administrative law judges can be interpreted as constitutional.
Following President Donald Trump's anti-cryptocurrency tweets last month, cybersecurity consultant John Reed Stark drills down into some of the best enforcement strategies for a cryptocurrency sweep, including the utilization of gatekeeper theory to focus prosecutorial and regulatory efforts on those who control access to cryptocurrency markets.
Although contract attorneys represent a quality source of legal work, inaccurate assumptions cause many legal departments and law firms to hesitate when considering them, say Matthew Weaver and Shannon Murphy of Major Lindsey.
Just as the U.S. Securities and Exchange Commission is willing to wait for Facebook's securities law analysis when it comes to the tech giant's new cryptocurrency, Libra, it should likewise not impose existing regulatory classifications on Kik Interactive's similar innovative product, says Zvi Gabbay of Barnea Jaffa.
Companies in a host of industries have recently faced steep compliance fines for data breaches from domestic and international regulators. Defensible disposal of corporate data presents an excellent opportunity to mitigate the impact of these data-driven risks, says Julia Brickell of H5.
The U.S. Supreme Court's opinions this term in Henry Schein and Lamps Plus remind us of the fundamental difference between arbitration and litigation. Yet, as a commercial litigator who serves as a neutral arbitrator, I have observed that experienced litigators often fail to adapt their approach in arbitration, says Paula Litt at Honigman.
A statement released by the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority this month discusses broker-dealer custody of digital asset securities and sheds light on what aspects of the crypto asset space regulators are most concerned about, says Brian Korn of Manatt Phelps.
While Kelly Corrigan's popular book, "Tell Me More: Stories About the 12 Hardest Things I’m Learning to Say," focuses on simple words or phrases that individuals can use to improve their personal lives, attorneys can utilize Corrigan's advice for professional benefit, says Karen Ross of Tucker Ellis.
The U.S. Securities and Exchange Commission’s recently filed lawsuit against Kik Interactive is the first to bring judicial scrutiny to the SEC’s reliance on the Howey test for determining whether an initial coin offering is a securities offering and may provide much-needed legal clarity, says Amit Singh of Stradling Yocca.
As electronic data demands on federal courts continue to increase, it may be time to consider whether the courts should establish an office that could be staffed with technical experts familiar with electronic discovery issues, says Douglas Smith of Kirkland.
The long-anticipated joint statement issued earlier this month by the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority reminds entities effecting transactions in digital asset securities of broker-dealer compliance requirements with regard to custody, but falls short of providing actionable guidance, say attorneys at Morgan Lewis.
Rothschild Barry's John Coffey, who joined Justice John Paul Stevens' law firm in 1965, shares what it was like to watch Justice Stevens practice law, mentor younger lawyers and land a malfunctioning plane.
In Cohen v. Capital One Funding in New York federal court, the plaintiffs' argument — that special purpose trusts charged and collected interest rates in excess of New York's usury limits — relies on a flawed understanding of the Second Circuit's decision in Madden v. Midland Funding, which was itself erroneous and harmful to credit markets, says Walter Zalenski of Buckley.
While there is discussion in some quarters about new regulations on commercial legal finance, the hands-off approach taken by the majority of courts and legislatures is an implicit recognition that it is already sufficiently regulated, says Danielle Cutrona of Burford Capital.
The administrative record is very important to federal agency litigation — as showcased in last month's U.S. Supreme Court decision concerning the addition of a citizenship question to the 2020 census — yet there is no set of consistent principles to guide agencies in compiling these official records, say attorneys at WilmerHale.
Since 32 of the 67 decisions issued by the U.S. Supreme Court during its October term cite dictionaries, it’s worth reviewing the opinions to learn which dictionaries the justices consulted and how they used them, say Bruce Wessel and Brian Weissenberg of Irell & Manella.