Initial public offerings are showing life again after a tariff-induced slumber, buoyed by strong debuts and a growing pipeline as more venture-backed technology startups are lining up public listings before Memorial Day and into June.
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TOP NEWS

Analysis

IPO Pipeline Restarts As Tariff-Related Volatility Eases

By Tom Zanki

Initial public offerings are showing life again after a tariff-induced slumber, buoyed by strong debuts and a growing pipeline as more venture-backed technology startups are lining up public listings before Memorial Day and into June.

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US Auto Parts Maker Eyes London Listing After £1.2B UK Deal

By Najiyya Budaly

American Axle said Friday that it is planning a secondary listing in the U.K. after it takes over automotive group Dowlais, which trades in London, in a £1.16 billion ($1.5 billion) deal, appeasing shareholders across the Atlantic.

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CFTC May Be Hobbled As Another Member Announces Exit

By Jessica Corso

The U.S. Commodity Futures Trading Commission's Christy Goldsmith Romero announced Friday that she will be stepping down as commissioner at the end of the month, potentially leaving the agency struggling to move forward with only two members as it awaits congressional action on President Donald Trump's nominee for chair.

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Food Delivery App's $80M Investor Settlement Gets Final OK

By Sydney Price

Investors suing mobile food delivery and ride-hailing services operator Grab Holdings Ltd. have received final approval of an $80 million deal settling claims that several sections of a proxy statement Grab filed with a special purpose acquisition company were false and misleading.

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POLICY & REGULATION

FINRA Faces Calls To Narrow Its Outside Biz Rule Revamp

By Sarah Jarvis

The Financial Industry Regulatory Authority has received a range of feedback on its proposal to streamline reporting requirements for firm representatives' outside business activities, with industry groups urging various tweaks to the measure, and a state regulator and investment adviser group opposing it outright.

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EQUITY

1MDB Prosecutors Seek Leniency For Ex-Goldman Banker

By Elliot Weld

Prosecutors asked a Manhattan federal judge for leniency when sentencing a former Goldman Sachs partner who cooperated in the investigation into the 1MDB scandal and testified at his former colleague's trial, citing his "extraordinary" assistance.

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FINRA Fines BTG Pactual Unit Over Lax AML Compliance

By Emilie Ruscoe

A U.S. brokerage unit of Brazilian investment bank BTG Pactual will pay $400,000 to the Financial Industry Regulatory Authority to settle claims that, among other things, its written policies didn't explain how it would monitor wire transfer requests to stay in compliance with anti-money laundering provisions.

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SEC X Account Hack Conspirator Gets 14 Months

By Lauren Berg

An Alabama man was sentenced in D.C. federal court Friday to 14 months behind bars for his role in last year's hack of the U.S. Securities and Exchange Commission's account on the social platform X to post a bogus development in the agency's cryptocurrency policy.

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CRYPTOCURRENCY

Coinbase Users Sue Over Bribery-Linked Data Breach

By Aislinn Keely

Crypto exchange Coinbase faces a wave of lawsuits from users accusing it of negligent information security practices after the exchange disclosed that an unknown perpetrator had stolen customer data by bribing overseas workers.

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DEALS

Taxation With Representation: Blakes, Davies, Goodmans

By Zak Kostro

In this week's Taxation With Representation, Charter Communications Inc. merges with Cox Communications, Hub International Ltd. boosts its valuation after securing an investment, Pan American Silver Corp. acquires Mag Silver Corp. and Robinhood buys WonderFi.

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EXPERT ANALYSIS

4th Circ. Latest To Curb Short-Seller Usage In Securities Suits

The Fourth Circuit's recent decision in Defeo v. IonQ will serve as a powerful and persuasive new precedent for corporate defendants as courts continue curtailing securities class action plaintiffs' use of short-seller reports to plead federal securities law claims, say attorneys at Alston & Bird.

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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils

A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.

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LEGAL INDUSTRY

Feds To Use FCA To Go After Antisemitism, DEI Policies

By Lauren Berg

The U.S. Department of Justice announced Monday that it will use the False Claims Act to go after any recipients of federal funds that the agency determines promote diversity, equity and inclusion policies, and allow antisemitism to thrive.

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Posner Wins Ex-Staffer's $170K Wage Suit

By Emily Sawicki

A former executive at retired Seventh Circuit Judge Richard Posner's short-lived pro bono legal services organization lost his bid for $170,000 in back pay he claimed to be owed on Monday when an Indiana federal court found claims to be untimely.

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Goldstein Assails 'Radical' DOJ Case, Probe Of 'Sexual Habits'

By Jeff Overley

In his most forceful attack on tax evasion charges that have roiled the U.S. Supreme Court bar, indicted appellate icon Thomas C. Goldstein is accusing the U.S. Department of Justice of embracing "breathtaking" legal theories and revealing prurient information about him "to bias the grand jury."

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Ex-Litigator Settles Disability Bias Suit Against Wilson Elser

By Emily Sawicki

A former Wilson Elser Moskowitz Edelman & Dicker LLP litigator on Monday agreed to permanently drop his federal disability bias suit against the firm, after the sides came to a confidential resolution.

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Avenatti Rips 'Draconian' Bid To Add 13 Years To Sentence

By Elliot Weld

Former high-profile attorney Michael Avenatti asked a California federal judge to reject the government's request to tack on more than 13 years to his prison term, saying such a "draconian" result would conflict with a Ninth Circuit ruling wiping out a previous sentence in the fraud case.

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Justices Allow End Of Temporary Protections For Venezuelans

By Katie Buehler

The U.S. Supreme Court ruled Monday that the Trump administration may rescind temporary protected status for Venezuelans, lifting a California federal judge's order requiring the government to keep Biden-era removal protections and work authorizations in place during a legal battle over a policy change.

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Split DC Circ. Pauses Halt On Trump's Union Rights Order

By Beverly Banks

A divided D.C. Circuit panel greenlighted President Donald Trump's request to pause a lower court decision that blocked the implementation of an executive order aimed at ending collective bargaining rights for federal employees, concluding the injunction ruling "ties the government's hands."

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Kirkland Guides Blackstone's $11.5B Deal For TXNM Energy

By Al Barbarino

Blackstone Infrastructure has agreed to acquire regulated utility holding company TXNM Energy in an all-cash transaction valued at $11.5 billion, including net debt and preferred stock, TXNM said in a Monday announcement.

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LAW FIRMS IN TODAY'S NEWS

A&O Shearman

Ahdoot & Wolfson

Alston & Bird

Blake Cassels

Cooley LLP

Cravath Swaine

Davies Ward

Eckert Seamans

Eichhorn & Eichhorn

Freeh Sporkin

Goldstein & Russell

Goodmans LLP

IJH Law

Israel David LLC

Jenner & Block

Kirkland & Ellis

Latham & Watkins

Levi & Korsinsky

Lynch Carpenter

Maduegbuna Cooper

Meister Seelig & Fein

Milbank LLP

Milberg Coleman

MoloLamken

Munger Tolles

Paul Weiss

Perkins Coie

Pomerantz LLP

Ropes & Gray

Simpson Thacher & Bartlett LLP

Skadden Arps

Slaughter and May

Srourian Law Firm

Susman Godfrey

Troutman

Wachtell Lipton

WilmerHale

Wilson Elser

Wilson Sonsini

COMPANIES IN TODAY'S NEWS

ACLU of Northern California Inc.

AT&T Inc.

American Axle & Manufacturing Holdings Inc.

American Civil Liberties Union

American Civil Liberties Union of Southern California

American Foreign Service Association

Aspen Insurance Holdings Ltd.

Axos Financial Inc.

BTG Pactual

Charter Communications Inc.

Chime Financial Inc.

Circle Internet Financial LLC

Coinbase Global Inc.

Cox Communications Inc.

Cox Enterprises Inc.

Financial Industry Regulatory Authority Inc.

Financial Services Institute Inc.

Growth Corp.

Hellman & Friedman LLC

Hub International Ltd.

IonQ Inc.

LPL Financial

Lockton Companies Inc.

London Stock Exchange Group PLC

Mag Silver Corp.

McAfee Inc.

MiMedx Group Inc.

National Treasury Employees Union

Nektar Therapeutics

Nike Inc.

North American Securities Administrators Association

Pan American Silver Corp.

Par Funding

Renaissance Capital

Robinhood Markets Inc.

SIFMA

StubHub Inc.

T. Rowe Price Group Inc.

The Goldman Sachs Group Inc.

UCLA School of Law

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Alcohol and Tobacco Tax and Trade

Bureau of Land Management

Commodity Futures Trading Commission

European Union

Federal Bureau of Investigation

Federal Communications Commission

Internal Revenue Service

New Mexico Public Regulation Commission

Nuclear Regulatory Commission

Office of the Comptroller of the Currency

Public Utility Commission of Texas

U.S. Agency for International Development

U.S. Attorney's Office

U.S. Attorney's Office for the Central District of California

U.S. Attorney's Office for the District of Maryland

U.S. Attorney's Office for the Eastern District of New York

U.S. Court of Appeals for the District of Columbia Circuit

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Department of Energy

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of State

U.S. District Court for the Central District of California

U.S. District Court for the District of Columbia

U.S. District Court for the District of Maryland

U.S. District Court for the Eastern District of New York

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Indiana

U.S. District Court for the Southern District of New York

U.S. Environmental Protection Agency

U.S. Office of Personnel Management

U.S. Securities and Exchange Commission

U.S. Supreme Court