Technology giant IBM said on Friday that it intends to exit the London Stock Exchange, to concentrate its trading in the U.S. and streamline its administration.
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TOP NEWS

IBM Plans To Quit London Market To Focus On NY Listing

By Tom Fish

Technology giant IBM said on Friday that it intends to exit the London Stock Exchange, to concentrate its trading in the U.S. and streamline its administration.

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Tempur Sealy, Mattress Firm Sue To Block FTC Merger Case

By Matthew Perlman

Tempur Sealy International Inc. and Mattress Firm Group Inc. told a Texas federal court on Friday that the Federal Trade Commission's in-house process violates the Constitution, so the agency's case challenging their planned $4 billion merger should be blocked.

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Milbank LLP Lands Departing SEC Enforcement Chief Grewal

By Bonnie Eslinger

Departing U.S. Securities and Exchange Commission enforcement director Gurbir Grewal will land at Milbank LLP in New York after he leaves the agency later this month, joining the law firm's litigation and arbitration group, according to a person familiar with the matter.

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Chinese Courier, GOP-Focused Bank Ink IPOs Totaling $107M

By Tom Zanki

Chinese courier service BingEx Ltd. and online bank Chain Bridge Bancorp Inc. began trading Friday after pricing initial public offerings that raised a combined $107 million, guided primarily by four firms, and extending a busy autumn for IPOs.

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SEC Should Take Over Market Database, Investor Group Says

By Jessica Corso

An investor-side trade association is pushing the U.S. Securities and Exchange Commission to take control of a controversial market surveillance tool out of the hands of the nation's stock exchanges, saying in a recent rulemaking petition that a failure to do so could be "catastrophic" if either the government or the courts decide to shut down the database.

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Top 5 Supreme Court Cases To Watch This Fall

By Katie Buehler

The U.S. Supreme Court will hear several cases in its October 2024 term that could further refine the new administrative law landscape, establish constitutional rights to gender-affirming care for transgender minors and affect how the federal government regulates water, air and weapons. Here, Law360 looks at five of the most important cases on the Supreme Court's docket so far.

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POLICY & REGULATION

G7 Antitrust Chiefs Vow To Scope Collusion In AI Tech Sector

By Aislinn Keely

U.S. and international antitrust regulators said Friday they intend to scrutinize any anticompetitive practice in the market for artificial intelligence technologies or any use of the emerging tech to circumvent competition.

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ENFORCEMENT & COMPLIANCE

SEC Suit Over Fund Adviser's $1B Loss Teed Up For Trial

By Katryna Perera

An Illinois federal judge has declined to grant the U.S. Securities and Exchange Commission a win in its suit accusing a now-defunct Chicago investment adviser of mismanaging $1 billion in assets, finding that a jury will need to consider many of the suit's claims around whether investors were misled about the firm's trading strategy and risk management practices.

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Thrivent Unit Pays SEC Fine Over Alleged Reg BI Lapses

By Sydney Price

Thrivent Investment Management Inc. has settled the U.S. Securities and Exchange Commission's allegations that it violated Regulation Best Interest when recommending certain investments to customers enrolled in college savings plans when lower-priced options were available.

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Real Estate Execs Accused Of NYC Deed Theft Scheme

By Joyce Hanson

Three real estate executives have been arrested in connection with a purported $500,000 deed theft scheme that preyed upon a vulnerable home owner in the Bronx, according to the Office of the New York State Attorney General.

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EQUITY

SPAC Scraps $238M Merger Plan With Debt Servicer

By Jade Martinez-Pogue

Special purpose acquisition company Everest Consolidator Acquisition Corp. has canceled its merger plans with consumer debt service Unifund Financial Technologies, saying there were breaches in the merger agreement that made closing impossible.

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Credit Suisse Investors Joust Over Bids To Be Class Leader

By Katryna Perera

A Credit Suisse investor in a class action alleging the bank misled investors about its condition in the run-up to its collapse and takeover by UBS has asked a New York federal judge to toss the current lead plaintiff in favor of himself, while the current lead plaintiff shot back with an opposition.

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BENEFITS

Feature

4 Benefits Appellate Arguments To Watch In October

By Kellie Mejdrich

The Fourth Circuit will consider a drugmaker's challenge to a West Virginia state law restricting access to the abortion drug mifepristone and Ohio pension funds are seeking to revive an investor class action at the Second Circuit, while the First and Ninth Circuits will take up executive compensation disputes. Here are four appellate arguments in October involving employee benefits that attorneys may want to keep on their radar.

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CRYPTOCURRENCY

Coinbase To Limit Stablecoins That Don't Meet New EU Rules

By Aislinn Keely

Crypto exchange Coinbase said Friday that it plans to delist certain stable-value tokens for users in the European Union if the tokens don't meet soon-to-be-effective guidelines under the jurisdiction's crypto regime.

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PEOPLE

Massumi & Consoli Adds Ex-Morgan Lewis Attorney In DC

By James Boyle

An attorney with more than two decades of experience representing clients in transactions in the healthcare industry moved her practice this week to Massumi & Consoli's Washington, D.C., office after more than 13 years with Morgan Lewis & Bockius LLP.

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Brief

Mayer Brown Gains NY Corporate Atty From Freshfields

By Andrea Keckley

Mayer Brown LLP announced this week that its corporate and securities group has added a New York-based attorney from Freshfields.

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EXPERT ANALYSIS

Series

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

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.

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Mental Health First Aid: A Brief Primer For Attorneys

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.

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LEGAL INDUSTRY

Bonus Spotlight

Texas Boutique Tops Cravath As Compensation Season Starts

By Anna Sanders

Texas healthcare boutique Gjerset & Lorenz LLP is surpassing the prevailing associate salary scale that Cravath Swaine & Moore LLP set last year by as much as $40,000, according to a report.

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Ex-Mayer Brown Chair Helman Recalled As Steadfast Leader

By Andrea Keckley

Former Mayer Brown chair Bob Helman, who stepped up to lead his firm through a fraught juncture in the 1980s during his decades in Chicago's legal community, has died at 90 years old, the firm said Friday.

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Massachusetts' Chief Federal Judge To Take Senior Status

By Courtney Bublé

U.S. District Judge F. Dennis Saylor IV of Massachusetts has notified President Joe Biden he will take senior status on July 31, 2025, the court announced Monday.

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9th Circ. Nixes Judicial Complaint Over Atty 'Disbar' Threat

By James Mills

The Ninth Circuit has rejected a judicial misconduct complaint against a judge who allegedly suggested that he could "disbar" a lawyer.

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6 High Court Cases To Watch For Trial Attorneys

By Cara Salvatore

As the U.S. Supreme Court lifts the curtain on a new term, the justices are slated to consider a variety of cases impacting the work of trial litigators, including a death penalty case over a state-disavowed conviction, the boundaries of the Racketeer Influenced and Corrupt Organizations Act, and corporate veil piercing.

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Analysis

Sparring With Adams, Feds Shadowbox The Supreme Court

By Chris Villani and Phillip Bantz

The corruption case against New York City Mayor Eric Adams may be the next front in an ongoing clash between federal prosecutors' desire to police official misconduct and a line of U.S. Supreme Court cases holding that alleged graft does not always amount to a federal crime.

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Analysis

State Courts Splitting Over Future Of Climate Change Suits

By Keith Goldberg

Recent decisions on whether climate change suits brought by state and local governments against fossil fuel companies can go forward are exposing splits between state courts over whether they can impose liability for pollution that originates beyond their borders, legal experts say.

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New Bill Would Enact 'Commonsense' Litigation Disclosures

By Courtney Bublé

A top Republican on the House Judiciary Committee announced Monday he introduced legislation to require the disclosure of parties receiving payments in civil lawsuits, a phenomenon known as "third-party litigation financing," in order to prevent abuses in the legal system.

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Court Punts Case Over Trump's 'Eating The Dogs' Comments

By Ryan Harroff

An Ohio county prosecutor is better suited than a court to decide if criminal charges are warranted against Donald Trump and vice presidential candidate JD Vance for allegedly fueling harassment, including bomb threats, against Haitian migrants, an Ohio court has ruled.

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LAW FIRMS IN TODAY'S NEWS

Beck Redden

Bracewell LLP

Cahill Gordon

Center for Constitutional Litigation

Chandra Law Firm

Cleary Gottlieb

Cooley LLP

Cravath Swaine

Day Pitney

Dentons

Epstein Becker

Fogler Brar

Freshfields

Gjerset & Lorenz

Greenberg Traurig

Holland & Knight

Jenner & Block

Kahn Swick

Katten Muchin

Kirkland & Ellis

Latham & Watkins

Maples and Calder

Massumi & Consoli

Mayer Brown

McGuireWoods

McKool Smith

Milbank LLP

Miller & Chevalier

Morgan Lewis

Morrison Foerster

Nelson Mullins

Nixon Peabody

Paul Hastings

Paul Weiss

Quinn Emanuel

Rolnick Kramer

Rosen Law Firm PA

Simpson Thacher & Bartlett LLP

Skadden Arps

Sullivan & Cromwell

Winston & Strawn

COMPANIES IN TODAY'S NEWS

ARM Holdings PLC

AT&T Inc.

Alliance Defending Freedom

American Bankers Association

American Bar Association

American Property Casualty Insurance Association

Axon Enterprise Inc.

Binance Holdings Ltd.

Brennan Center for Justice

CLSA Ltd.

Cable News Network Inc.

Center for American Progress

Chevron Corp.

China International Capital Corp. Ltd.

Coinbase Global Inc.

Crane & Co. Inc.

Credit Suisse Group AG

Deutsche Bank AG

Exxon Mobil Corp.

Federalist Society

Financial Industry Regulatory Authority Inc.

FireEye Inc.

George Washington University

Google LLC

Home Box Office Inc.

Hovde Group LLC

International Business Machines Corp.

Investcorp Bank BSC

Johnson & Johnson

LinkedIn Corp.

London Stock Exchange Group PLC

Macquarie Group Ltd.

Macquarie Infrastructure Corp.

NASDAQ Inc.

NVIDIA Corp.

National Council for Behavioral Health

National Opinion Research Center

Navient Corp.

Nestle SA

New York University

Piper Sandler Cos.

PricewaterhouseCoopers LLP

Raymond James Financial Inc.

Second Amendment Foundation

Suncor Energy Inc.

Tempur Sealy International Inc.

UBS Group AG

University of Virginia

Warner Bros. Discovery Inc.

Warner Bros. Entertainment Inc.

Welch Foods Inc.

Western International Securities Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bureau of Alcohol Tobacco Firearms and Explosives

California Attorney General's Office

Centers for Medicare & Medicaid Services

City and County of San Francisco, California

Consumer Financial Protection Bureau

European Banking Authority

European Union

Federal Reserve System

Federal Trade Commission

Financial Conduct Authority

Food and Drug Administration

New Jersey Attorney General's Office

New York Attorney General's Office

Oklahoma Court of Criminal Appeals

Tennessee Attorney General's Office

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

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Fourth Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Department of Health and Human Services

U.S. Department of Justice

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the District of New Jersey

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

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

U.S. Environmental Protection Agency

U.S. Securities and Exchange Commission

U.S. Supreme Court