Capital Markets

  • March 20, 2025

    Feds Say Crypto Lobbyist Can't Delay FTX-Tied Case

    New York federal prosecutors Thursday opposed a request from attorney and crypto lobbyist Michelle Bond to extend filing deadlines for pre-trial motions in her criminal case until June, saying Bond's inability to access her assets due to bankruptcy proceedings involving her FTX-affiliated husband is not enough to warrant a delay.

  • March 20, 2025

    Bitcoin Rival Can't Reargue $2M Suit Against Grayscale

    Cryptocurrency firm Osprey Funds LLC can't reargue claims that the Connecticut Unfair Trade Practices Act governs its bitcoin feud with digital asset management firm Grayscale Investments LLC, a Connecticut state judge has ruled.

  • March 20, 2025

    South Korea Can't Nix $32M Award To US Hedge Fund

    South Korea on Thursday lost its bid to set aside an arbitral award ordering it to pay some $32 million to a U.S. hedge fund following a dispute over a government bribery scandal that allegedly underpinned the $8 billion merger of two Samsung affiliates in 2015.

  • March 20, 2025

    Pot Co. Disputes 'Forgery' Of Service In Banking Suit

    A cannabis company is urging an Oregon federal court to reject a venture capital firm's bid to vacate a default judgment in a suit against a defunct cannabis "neobank," saying the evidence shows the suit was properly served and that receipts weren't forged.

  • March 20, 2025

    4 Firms Build Kraken's $1.5B NinjaTrader Buy

    Cryptocurrency platform Kraken on Thursday unveiled plans to buy U.S. retail futures trading company NinjaTrader in a $1.5 billion deal guided by four law firms.

  • March 20, 2025

    Oracle Eyes Stake In TikTok's US Entity, And More Rumors

    Oracle is considering acquiring a stake in TikTok's U.S. operations that would allow the social media giant to continue doing business here under certain security assurances. Meanwhile, Brookfield Asset Management has emerged as the top contender to acquire Colonial Pipeline, and German drugmaker Stada is delaying its IPO until at least September because of market volatility. Here, Law360 breaks down the notable deal rumors from the past week.

  • March 20, 2025

    AI Startup CoreWeave Launches Plans For $2.5B IPO

    Artificial intelligence-focused startup CoreWeave Inc. on Thursday set plans for an estimated $2.5 billion initial public offering, represented by Fenwick & West LLP and underwriters' counsel Latham & Watkins LLP, likely launching the largest IPO of 2025.

  • March 19, 2025

    Lenders Rally For CDFI Fund After Trump Orders Cuts

    A broad coalition of lender trade groups is lobbying in support of a key federal program aimed at boosting Main Street investment, defending it to lawmakers after President Donald Trump ordered the program slashed as much as possible.

  • March 19, 2025

    Fla. Wellness Promoter Sued Over Disloyalty, $13M Side Gig

    An investment management firm has sued a longevity expert and human biologist in Florida state civil court over disloyalty in a wellness business venture, alleging he ran a $13 million business on the side despite having a noncompete agreement requiring him to devote most of his time to the company.

  • March 19, 2025

    Russian Gotbit Crypto Operator Gets Plea Deal, Forfeits $23M

    A Russian national accused of manipulating crypto markets through a market-making service he founded called Gotbit has struck a plea deal with Massachusetts federal prosecutors in which he copped to charges of conspiracy to commit market manipulation and wire fraud and agreed to forfeit about $23 million in cryptocurrency.

  • March 19, 2025

    Bitnomial Drops SEC Challenge Amid Ripple Dismissal Buzz

    Crypto futures and options platform Bitnomial on Wednesday dropped its suit alleging that the U.S. Securities and Exchange Commission unfairly blocked it from listing futures contracts for Ripple Labs' XRP token after Ripple itself announced that the SEC is no longer pursuing securities claims against the token.

  • March 19, 2025

    Truth Social Investors Say Suit Doesn't Belong In Fla.

    The former CEO of the special purpose acquisition company that took Donald Trump's Truth Social public told a Florida appeals court on Wednesday that the SPAC's lawsuit against him and his company should be filed in Delaware rather than Sarasota.

  • March 19, 2025

    Bondholders Say $2B Venezuelan Bond Contracts Are Valid

    The holders of approximately $2 billion in defaulted bonds issued by Venezuela's state-owned oil company Petróleos de Venezuela SA have urged a New York federal court to enforce their contracts with PDVSA, saying the country hasn't shown how its domestic law makes the bonds invalid.

  • March 19, 2025

    Sotera Beats Shareholder Suit Over Sterigenics Emissions

    Life sciences company Sotera Health has beaten a shareholder suit alleging it made a series of false and misleading statements about its environmental controls and liability exposure from numerous lawsuits against subsidiary Sterigenics, with the court ruling the plaintiffs have not shown the company intended to deceive the public.

  • March 19, 2025

    Judge Tosses Vroom Investors' IPO Suit Due To Vague Claims

    A New York federal judge has tossed a stockholder class action against Vroom Inc. over issues with its $468 million initial public offering, finding that none of the more than 50 challenged statements in the complaint made about the online car retailer's customer service or business plan are actionable.

  • March 19, 2025

    NJ Firm Faces SEC Fraud Suit Over Investment Allocations

    The U.S. Securities and Exchange Commission has accused a New Jersey investment advisory firm and its owner of defrauding investors by violating its limits on concentrating investments in a particular sector, an issue that previously got the firm in regulatory trouble.

  • March 19, 2025

    AI Is Growing Focus For Corporate Boards, Proxy Proposals

    Public companies and their investors increasingly set their sights on artificial intelligence last year, according to a report released Wednesday indicating the rapidly evolving technology was a major focus when it came to both board-level oversight and shareholder proxy proposals.

  • March 19, 2025

    Law360 Announces The Members Of Its 2025 Editorial Boards

    Law360 is pleased to announce the formation of its 2025 Editorial Advisory Boards.

  • March 19, 2025

    'They're Walking Away': Ripple Labs Says SEC To Drop Appeal

    Ripple Labs CEO Brad Garlinghouse said Wednesday the U.S. Securities and Exchange Commission will drop its Second Circuit appeal of a summary judgment in its headline-grabbing enforcement action over Ripple's XRP token.

  • March 19, 2025

    Reed Smith-Led Miami Bids £70M For European Stock Market

    The owner of Bermuda Stock Exchange said Wednesday that it has agreed to acquire Guernsey-based The International Stock Exchange for approximately £70.4 million ($91 million) in a deal guided by Reed Smith LLP, Ashurst LLP, Mourant Ozannes LLP and Walkers LLP.

  • March 19, 2025

    Pfizer Sells Remaining Stake In Advil-Maker Haleon For £2.4B

    Pharmaceutical giant Pfizer said Wednesday that it has offloaded its remaining 7.3% stake in Haleon, for £2.4 billion ($3.1 billion), three years after it spun off the U.K. consumer healthcare group.

  • March 18, 2025

    Crypto Firms Tied To Milei-Promoted Libra Token Face NY Suit

    A trio of crypto firms linked to a token known as Libra face a proposed class action accusing them of fraudulently raising $107 million from the controversial project, which was promoted by Argentine President Javier Milei prior to its collapse.

  • March 18, 2025

    Comerica Says Amended CFPB Suit Is A Delay Tactic

    Comerica Bank has asked a Texas federal judge to toss a Consumer Financial Protection Bureau suit alleging the bank mismanaged a government benefit card program, arguing the agency is trying to stall the case by filing an amended complaint after the court rejected its stay bid.

  • March 18, 2025

    Trading Giant Virtu Must Face Suit Over Confidentiality Issues

    A New York federal judge has trimmed a consolidated class action accusing trading giant Virtu Financial Inc. of misleading investors on issues around access to confidential customer trading information, finding that one category of statements in the complaint is not actionable but otherwise allowing the suit to proceed.

  • March 18, 2025

    Citi, HSBC Ink $12M Deal To End UK Bond Price-Fixing Suit

    A New York federal judge gave his preliminary blessing Monday to a $12 million settlement between investors and major financial institutions, including Citigroup and HSBC Bank, in a proposed antitrust class action accusing the banks' traders of colluding to fix the prices of U.K. government bonds through digital communications.

Expert Analysis

  • 5 Evolving Concerns For Family Offices In 2025

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    Complex regulatory changes and emerging operational risks will force family offices to stay on their toes in 2025, with timely action particularly necessary to address several tax and reporting developments that may affect their investments and business operations, say attorneys at Morgan Lewis.

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.

  • Impact Of Successful Challenges To SEC's Rulemaking Ability

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    In 2024, the U.S. Securities and Exchange Commission faced significant legal challenges to its aggressive rulemaking agenda as several of its rules were vacated by the Fifth Circuit, which could hinder the SEC's ability to enact rules extending beyond express statutory authority in the future, say attorneys at Debevoise.

  • A Look At PCAOB's Record-Breaking Enforcement In 2024

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    The Public Company Accounting Oversight Board in 2024 brought more enforcement actions against auditors and imposed increasingly higher monetary penalties, showing that it was not afraid to exercise its power to fine and reprimand firms, a trend that will likely continue in 2025, say attorneys at Briglia Hundley.

  • Series

    Exercising On My Peloton Bike Makes Me A Better Lawyer

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    While I originally came to the Peloton bike for exercise, one cycling instructor’s teachings have come to serve as a road map for practicing law thoughtfully and mindfully, which has opened opportunities for growth and change in my career, says Andrea Kirshenbaum at Littler.

  • Takeaways From SEC's Mixed Results In '24 Crypto Litigation

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    Though the U.S. Securities and Exchange Commission's new leadership seems likely to create a more favorable cryptocurrency regulatory environment, it must also confront the consequences of, and lingering questions raised by, the SEC's 2024 policy of investigating and charging cryptocurrency trading platforms for operating unregistered exchanges, say attorneys at Dechert.

  • Series

    In The CFPB Playbook: A Sprint To The Finish Line

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    The fourth quarter of 2024 was an impressive demonstration of the Consumer Financial Protection Bureau's ability to regulate, enforce and supervise, even on borrowed time following the election results, and we should expect the current bureau to run nonstop until Jan. 20, say attorneys at Covington.

  • Predicting What's Next For SEC By Looking At Past Dissents

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    While Paul Atkins' nomination to be the next chair of the U.S. Securities and Exchange Commission has taken center stage, an analysis of Republican Commissioners Hester Peirce and Mark Uyeda's past votes and dissents provides a preview of where enforcement may shift in the new administration, say attorneys at Gibson Dunn.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • What 2024's Noncompete Turmoil Means For Banks In 2025

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    A look back at the most significant legal challenges to the enforceability of various restrictive covenants like noncompete and nonsolicitation agreements in 2024 can help financial institutions address the use of these critical tools this year, say attorneys at Maynard Nexsen.

  • New Year, New Risks: 8 Top Cyber Issues For Finance In 2025

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    As financial institutions forge ahead in 2025, they must strike a delicate balance between embracing technological innovation and guarding against its darker threats, which this year could include everything from supply chain vulnerabilities to deepfakes, say attorneys at Baker Donelson.

  • 5th Circ.'s Nasdaq Ruling Another Piece In DEI Policy Puzzle

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    The Fifth Circuit's recent en banc opinion vacating Nasdaq's board diversity listing rule wades into the hotly debated topic of diversity, equity and inclusion initiatives at a time when many public companies are navigating the attention that DEI commitments are drawing from activists and shareholders, say attorneys at Debevoise.

  • Series

    Playing Esports Makes Me A Better Lawyer

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    Competing in a global esports tournament at Wimbledon last year not only fulfilled my childhood dream, but also sharpened skills that are essential to my day job, including strategic thinking, confidence and networking, says AJ Schuyler at Jackson Lewis.

  • The 6 Most Significant FCRA Litigation Developments Of 2024

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    From a key sovereign immunity decision at the U.S. Supreme Court to a ruling on creditworthiness out of the Seventh Circuit, several important Fair Credit Reporting Act cases wound their way through the courts in 2024, each offering takeaways for both plaintiffs and defendants, say attorneys at Shipkevich.

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