SEC's Atkins Rejects Top Dem's Crypto Corruption Claims

By Jessica Corso

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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Top SEC Enforcer Sees Fewer Cases Over Common Violations

By Sarah Jarvis

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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Simpson Thacher, Davis Polk Steer SoftBank-Backed IPO

By Lauren Berg

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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Greenberg Traurig Leads Arko Petroleum's Upsized $200M IPO

By Nate Beck

Fuel distribution company Arko Petroleum began trading Thursday after raising $200 million by expanding its offering of shares priced at the low end of its range in an initial public offering guided by Greenberg Traurig LLP and Latham & Watkins LLP.

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Goldman Sachs' CLO Resigns After Epstein Email Revelations

By Michele Gorman and Hailey Konnath

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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Law360 Seeks Members For Its 2026 Editorial Boards

Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

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Capital Markets Group Of The Year: Latham

By Hailey Konnath

Latham & Watkins LLP's capital markets team steered a number of blockbuster transactions last year, including StubHub's $800 million initial public offering and Verisure's $4.3 billion IPO, and represented funding sources in Sycamore Partners' $23.7 billion take-private purchase of Walgreens Boots — earning the firm a spot among the 2025 Law360 Capital Markets Practice Groups of the Year.

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GOP Lawmakers Probe CalPERS's 'Radical' ESG Investments

By Kelcey Caulder

The chair of the House Education and Workforce Committee and two other Republican lawmakers sent a letter Thursday to California's largest public pension fund, demanding information on whether it prioritized "radical left-wing causes" over protecting retirement savers.

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Analysis

5 Key Flashpoints From Fed's 'Skinny' Account Proposal

By Jon Hill

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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'Texit' Crypto Offering Halted By Texas Securities Regulator

By Emilie Ruscoe

Texas' state securities regulator has filed an emergency cease-and-desist order against an enterprise selling mining interests for a cryptocurrency invoking the Texas secession movement, alleging the scheme constitutes a fraudulent and unregistered offering and sale of securities.

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Elliott Takes Stake In Stock Exchange Group, More Rumors

By Jade Martinez-Pogue

Activist investor Elliott Management has taken a sizable stake in the London Stock Exchange Group as it faces underperformance, payments company giant Stripe is planning a tender offer that could value it at $140 billion, and private equity firm Hellman & Friedman is looking to buy payments firm Bill Holdings.

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Airbnb Escapes Most Of Conservative Investors' Suit

By Grace Dixon

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.

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Maxeon Dodges Investor Suit Over Financial Disclosures

By Sydney Price

Maxeon Solar Technologies has escaped a shareholder class action accusing it of misleading investors about its liquidity issues, with a California federal judge ruling that none of the challenged statements in the suit were shown to be false or misleading.

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Chancery Mulls Contempt For Co. Refusing Legal Fee Demand

By Jeff Montgomery

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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Super Micro Investor Fights Uphill At 9th Circ. To Lead Suit

By Dorothy Atkins

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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Telecom Execs Lose Bid To Overturn $5.8M Arbitration Award

By Joyce Hanson

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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Ashurst Welcomes Back Hong Kong Partner From Debevoise

By Joyce Hanson

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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Navigating New Risks Amid Altered Foreign Issuer Landscape

The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.

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Series

Trail Running Makes Me A Better Lawyer

Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

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Roundup

UK Litigation Roundup: Here's What You Missed In London

By Laura Stewart Liberty

This past week in London has seen a former U.S. defense contractor convicted of tax evasion face legal action, French football club Olympique Lyonnais sued following a $97 million ruling against its owner John Textor, consulting giant Kroll targeted by a South African airline, and H&M hit with a claim alleging it copied protected sunglasses designs. Here, Law360 looks at these and other new claims in the U.K.

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Law360's Legal Lions Of The Week

By Kevin Penton

WilmerHale and Gillam & Smith LLP lead this week's edition of Law360 Legal Lions, after a Texas federal jury cleared Apple of infringement claims over patents covering 4G wireless technology, in a case that previously led to jury verdicts of $506 million and $300 million.

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Brief

Indiana AG Declines Intervention In Posner Wage Suit

By Emily Sawicki

Indiana's attorney general has declined to intervene in a pro se plaintiff's suit seeking to revive $170,000 in wage claims against retired Seventh Circuit Judge Richard A. Posner, finding the case did not pose a "substantial" constitutional challenge to a state statute mandating that delayed contracts must be written and signed to be enforced.

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Louisiana Atty Takes Responsibility For AI Usage Snafu

By Christine DeRosa

After facing the threat of sanctions alongside three of his co-counsel, a Louisiana attorney told a federal judge that he was solely responsible for an error-riddled brief written with the assistance of artificial intelligence. 

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GC Cheat Sheet: The Hottest Corporate News Of The Week

By Sue Reisinger

Taking heat from Republican senators over not notifying members of Congress about subpoenas for their phone records, Verizon's general counsel has pledged that in the future, the company will fight gag orders requiring it to keep silent. And taking heat from shareholders and colleagues over her ties to Jeffrey Epstein, Goldman Sachs' chief legal officer has agreed to leave the firm in June.

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Colorado Atty Delayed Filing, Gave Faulty Advice, Suit Says

By Rachel Konieczny

A Colorado attorney waited nearly five years to file a lawsuit on behalf of two clients and provided faulty advice, the former clients alleged Thursday in a malpractice lawsuit in state court.

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'Acqui-Hires' In AI Drawing Antitrust Scrutiny, Tech Attys Say

By Bonnie Eslinger

Attorneys with Nvidia, Google and Uber took the stage at a conference hosted Thursday by Baker McKenzie to discuss emerging trends in antitrust enforcement, including how booming AI investment has produced new regulatory scrutiny of "acqui-hires," in which large companies acquire startups primarily to hire their teams.

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6th Circ. Says Ch. 13 Motion Came 84 Minutes Too Late

By Vince Sullivan

A 2-1 split panel of the Sixth Circuit affirmed two lower court rulings from Michigan federal judges denying a Chapter 13 debtor's motion to dismiss his bankruptcy case because the request came 84 minutes after a bankruptcy court converted the case to a Chapter 7.

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