Capital Markets

  • February 27, 2025

    Crypto Fugitives Should Pay SEC $46M, Judge Recommends

    A cryptocurrency mining company and its founders, who fled to Brazil after the SEC launched an investigation, should be on the hook for more than $46 million in combined payments to harmed investors, along with interest and penalties, a magistrate judge has recommended.

  • February 27, 2025

    SEC Says Meme Coins Are Not Securities

    The U.S. Securities and Exchange Commission staff declared Thursday that so-called meme coins do not fall under the agency's jurisdiction and that purchasers of the coins should not expect to be protected by federal securities laws.

  • February 27, 2025

    SEC Ends Coinbase Case As Uyeda Pledges To 'Rectify' Policy

    The U.S. Securities and Exchange Commission confirmed Thursday that it will walk away from its suit against cryptocurrency exchange Coinbase to clear the way for its newly created Crypto Task Force to develop digital asset policy "in a more transparent manner."

  • February 27, 2025

    Video Game Co. Beats Investor Suit Over Share Valuation

    Video game maker Motorsport Games has beaten investment company Innovate 2 Corp.'s suit alleging Motorsport omitted key information prior to its initial public offering in a scheme to buy back shares at a low price, and has succeeded on its counterclaim that the investor breached a contract by bringing the suit.

  • February 27, 2025

    Consensys Says SEC Will Drop Its Crypto Case, Too

    The founder of blockchain firm Consensys said on Thursday that the U.S. Securities and Exchange Commission has agreed to drop its enforcement suit over the firm's MetaMask software, marking the second cryptocurrency firm this month to announce a coming dismissal from the agency as it overhauls its approach to the industry.

  • February 27, 2025

    Davis Polk, Kirkland Steer Rithm Capital SPAC's $200M IPO

    Special purpose acquisition company Rithm Acquisition Corp., which plans to merge with a company in the financial services or real estate sector, began trading on Thursday after pricing a $200 million initial public offering.

  • February 27, 2025

    Court Reporters Group Says Antitrust Suit Must Be Tossed

    A professional association for court reporters asked a New Jersey federal court on Thursday to toss an antitrust case against the group, saying the proposed class action misconstrues its policies and ignores that states set the certification requirements.

  • February 27, 2025

    Winklevoss Twins Say SEC Crypto Probe Over, Attys Must Go

    The founders of crypto exchange Gemini are calling on the U.S. Securities and Exchange Commission to fire and publicly call out staff members who worked on crypto enforcement cases under the Biden administration as they announced that the agency has dropped its investigation into the company.

  • February 27, 2025

    Medical Device Co. Inks €760M Deal, Unveils Separation Plans

    Medical device company Teleflex, advised by Simpson Thacher & Bartlett LLP, on Thursday announced that it will split into two separate, publicly traded entities, and that it will acquire Biotronik SE & Co.'s vascular intervention business for €760 million ($791.95 million).

  • February 27, 2025

    Anthropic Could Hit $62B Valuation, And More Deal Rumors

    AI startup Anthropic is close to securing funding at a $61.5 billion valuation, Bain Capital is mulling a sale of Rocket Software at a $10 billion valuation, and various additional private equity players are considering transactions across food, healthcare and finance. Here, Law360 breaks down these and other notable deal rumors from the past week.

  • February 27, 2025

    Stripe Says It's Valued At $91.5B Through Tender Offer

    Payment provider Stripe Inc., advised by Orrick Herrington & Sutcliffe LLP, on Thursday said it reached a $91.5 billion valuation after agreeing with investors to provide liquidity to current and former Stripe employees through a tender offer.

  • February 27, 2025

    7-Eleven Owner Says $58B Bid Is Off Due To Financing Hitch

    Seven & i Holdings Co. said Thursday that a buyout offer from an executive and one of his companies, said to be worth about $58 billion, has fallen through after the bidding party was unable to secure necessary financing, putting a prior bid from Canada's Alimentation Couche-Tard Inc. back into focus. 

  • February 26, 2025

    SEC Wants To Pause Fraud Suit Against Tron Founder

    The U.S. Securities and Exchange Commission on Wednesday asked a New York federal court to pause its fraud suit against the founder of blockchain network Tron Foundation, joining the growing list of cryptocurrency cases being abandoned or sidelined under the new Trump administration.

  • February 26, 2025

    Snap Investors End Derivative Suit Over Apple Privacy Change

    Executives and directors of Snapchat parent company Snap Inc. have escaped a consolidated shareholder derivative suit alleging the social media company failed to warn investors about the impact that certain iPhone privacy changes would have on its advertising revenue, with a judge signing off on a voluntary dismissal order.

  • February 26, 2025

    Matterport Tells Del. Justices Ex-CEO Cash-Out Rulings Flawed

    An attorney for 3-D building imaging company Matterport Inc. and an affiliate told Delaware's Supreme Court on Wednesday that the Court of Chancery relied on a "shockingly expansive" definition of the phrase "immediately following" in a decision that ultimately added $79 million to a former CEO's postmerger cash-out after Matterport's go-public sale.

  • February 26, 2025

    Trump CFTC Shifts Enforcement Stance From Stick To Carrot

    In a sign that it is backing off a more aggressive tone on enforcement during the second Trump administration, the U.S. Commodity Futures Trading Commission has provided what it says is first-of-its-kind guidance on how much money regulated entities can expect to save for cooperating with agency investigations.

  • February 26, 2025

    Trump Order May Affect Trader's FCPA Conviction, DOJ Says

    Federal prosecutors say an oil trader from Connecticut should not win his bid to undo his overseas bribery conviction, but noted that the case's future is uncertain given President Donald Trump's executive order pausing Foreign Corrupt Practices Act cases.

  • February 26, 2025

    Ex-CFTC Chair Says Congress 'Can Do Better' On Stablecoins

    Senate Democrats questioned the consumer protection provisions included in recently proposed stablecoin legislation at a Wednesday digital asset subcommittee hearing, which saw a former U.S. Commodity Futures Trading Commission chair argue that lawmakers "can do a lot better" than the existing proposals.

  • February 26, 2025

    Fuel Co. Trustee Accuses Ex-Owners Of $100M Buyout Fraud

    The founders and former majority owners of the bankrupt fuel distributor Mountain Express Oil Co. were hit with a lawsuit by the company's trustee Monday alleging that they took nearly $100 million out of the business through a bogus stock buyout that pushed it to the brink of insolvency.

  • February 26, 2025

    2nd Circ. Won't Revive Federal Claims In Uniswap Crypto Suit

    The Second Circuit affirmed Wednesday that Uniswap Labs and its venture capital backers can't be held liable under federal securities law for the sale of so-called scam tokens on the decentralized Uniswap exchange, but directed the New York federal judge who tossed the buyers' suit to take another look at their state law claims.

  • February 26, 2025

    GOP-Led House Panel Pushes Easier Rules On Capital Raising

    A U.S. House of Representatives subcommittee invited input Wednesday on a slew of deregulatory bills that seek to ease rules governing private and public securities offerings, drawing plaudits from the Republican majority and mixed responses from Democrats.

  • February 26, 2025

    PierFerd Adds Ex-Alston & Bird Real Estate Finance Attorney

    Pierson Ferdinand LLP said Wednesday it has added a real estate finance securitization partner who was previously an attorney at Alston & Bird LLP to its corporate department.

  • February 25, 2025

    FBI Came For Abramoff Asking About Russian Spy-Linked Pal

    Disgraced lobbyist and government witness Jack Abramoff told jurors Tuesday during his cross-examination at the fraud trial of a cryptocurrency company founder he worked for that the FBI initially approached him in 2018 with questions about his connection to a conservative operative once linked to a Russian agent.

  • February 25, 2025

    Binance Can't Evade Terror Victims' Suit, But It's Trimmed

    The New York federal judge overseeing Hamas attack survivors' claims against Binance and its former CEO said on Tuesday that the defendants can't dodge the suit claiming they aided terrorist groups on a jurisdictional basis, but said some of the plaintiffs are not closely related enough to the victims to bring claims under the Anti-Terrorism Act.

  • February 25, 2025

    Horse-Racing Co.'s 'Unregistered' NFTs Cost Gains, Suit Says

    A nonfungible token project that once allowed users to invest in virtual versions of real-life racehorses is caught in a proposed class action from an investor who alleges that "Game of Silks" failed to register its tokens as securities and disclose key information to buyers before it collapsed.

Expert Analysis

  • Opinion

    This Election, We Need To Talk About Court Process

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    In recent decades, the U.S. Supreme Court has markedly transformed judicial processes — from summary judgment standards to notice pleadings — which has, in turn, affected individuals’ substantive rights, and we need to consider how the upcoming presidential election may continue this pattern, says Reuben Guttman at Guttman Buschner.

  • Breaking Down CFTC's Novel Theory Driving Uniswap Action

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    The U.S. Commodity Futures Trading Commission's recent enforcement action against Uniswap concerning digital asset liquidity appears to be a unilateral attempt to expand its regulatory authority in the absence of official congressional approval, putting forth a novel theory of liability that will likely be tested through litigation, say attorneys at Troutman Pepper.

  • Series

    Playing Diplomacy Makes Us Better Lawyers

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    Similar to the practice of law, the rules of Diplomacy — a strategic board game set in pre-World War I Europe — are neither concise nor without ambiguity, and weekly gameplay with our colleagues has revealed the game's practical applications to our work as attorneys, say Jason Osborn and Ben Bevilacqua at Winston & Strawn.

  • Applying High Court's Domestic Corruption Rulings To FCPA

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    After the U.S. Supreme Court narrowed the domestic corruption statutes in three decisions over the past year and a half, it’s worth evaluating whether these rulings may have an impact on Foreign Corrupt Practices Act enforcement, and if attorneys can use the court’s reasoning in international bribery cases, says James Koukios at MoFo.

  • Mental Health First Aid: A Brief Primer For Attorneys

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    Amid a growing body of research finding that attorneys face higher rates of mental illness than the general population, firms should consider setting up mental health first aid training programs to help lawyers assess mental health challenges in their colleagues and intervene with compassion, say psychologists Shawn Healy and Tracey Meyers.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    In the third quarter of the year, California continued to be at the forefront of banking regulation as it enacted legislation on unfair banking practices and junk fees, and the state Department of Financial Protection and Innovation notably initiated enforcement actions focused on crypto-assets and student loan debt relief, say Stuart Richter and Eric Hail at Katten.

  • 2 High Court Securities Cases Could Clarify Pleading Rules

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    In granting certiorari in a pair of securities fraud cases against Facebook and Nvidia, respectively, the U.S. Supreme Court has signaled its intention to align interpretations of the heightened pleading standard under the Private Securities Litigation Reform Act amid its uneven application among the circuit courts, say attorneys at V&E.

  • Series

    Collecting Art Makes Me A Better Lawyer

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    The therapeutic aspects of appreciating and collecting art improve my legal practice by enhancing my observation skills, empathy, creativity and cultural awareness, says attorney Michael McCready.

  • Series

    A Day In The In-House Life: Best Egg CLO Talks Power Of Prep

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    On a typical Monday in her life, Best Egg Chief Legal Officer Amy Thoreson Long chronicles a remote workday in which she makes time for everything from getting ahead on regulatory issues and researching recent Supreme Court decisions to dog walks and podcast breaks.

  • Takeaways From TOTSA Settlement And Critical CFTC Dissent

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    The U.S. Commodity Futures Trading Commission's recent settlement with TOTSA highlights the agency's commitment to enforcing market integrity and deterring manipulative practices, while Commissioner Caroline Pham's dissent to the settlement spotlights the need for transparency and consistency in enforcement actions, say attorneys at Davis Wright.

  • Litigation Inspiration: Honoring Your Learned Profession

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    About 30,000 people who took the bar exam in July will learn they passed this fall, marking a fitting time for all attorneys to remember that they are members in a specialty club of learned professionals — and the more they can keep this in mind, the more benefits they will see, says Bennett Rawicki at Hilgers Graben.

  • Payward And The Secondary Crypto Transaction Confusion

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    Following orders in cases against Coinbase and Binance, the recent California federal court ruling in U.S. Securities and Exchange Commission v. Payward raises even more questions about regulation of secondary transactions involving crypto-assets, as it tries to sidestep fundamental flaws in the SEC's legal theories, say attorneys at Cahill Gordon.

  • Opinion

    AI May Limit Key Learning Opportunities For Young Attorneys

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    The thing that’s so powerful about artificial intelligence is also what’s most scary about it — its ability to detect patterns may curtail young attorneys’ chance to practice the lower-level work of managing cases, preventing them from ever honing the pattern recognition skills that undergird creative lawyering, says Sarah Murray at Trialcraft.

  • What's In The Cards For CFTC's Election Betting Case

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    A D.C. federal judge's Sept. 12 ruling, allowing KalshiEx to offer derivative contracts trading on the outcome of the U.S. congressional elections over objections from the U.S. Commodity Futures Trading Commission, could mark a watershed moment in the permissibility of election betting if upheld on appeal, say attorneys at BakerHostetler.

  • Kubient Case Shows SEC's Willingness To Charge Directors

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    The U.S. Securities and Exchange Commission's recent fraud charges against Kubient's former CEO, chief financial officer and audit committee chair signal a willingness to be more aggressive against officers and directors, underscoring the need for companies to ensure that they have appropriate channels to gather, investigate and document employee concerns, say attorneys at Jenner & Block.

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