Asset Management Law360 provides breaking legal news and analysis on the asset management industry. Coverage includes litigation, policy developments, and corporate deals involving investment firms, mutual funds, hedge funds, bond funds, pension funds, and real estate investment trusts.
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Latest News in Asset Management
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October 14, 2026
A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told the First Circuit, saying he's entitled to 11th Amendment immunity because he was sued in his official capacity.
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October 14, 2026
ICON, a homebuilder that uses 3D printing, said it has raised $200 million in a Series D financing round led by investment managers Baillie Gifford and BlackRock, which will support deployment of the company's robotic construction systems and the opening of a research and development facility in Austin, Texas.
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October 14, 2026
EDITING -- A New Jersey federal judge refused to approve a $2.8 million agreement ending a proposed class action alleging information technology company Cognizant loaded its 401(k) plan with poor investment options and lofty fees, ruling workers hadn't explained why the court should bless the deal.
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October 13, 2026
Los Angeles Dodgers owner Mark Walter and insurers owned by his holding company, Guggenheim Partners, have been hit with multiple proposed class actions alleging they sold annuities based on misrepresentations, with policyholders' premiums being siphoned into loans and financing that benefited Walter-affiliated companies.
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October 13, 2026
A South Carolina private equity fund broke its promise to three investors to redeem $2 million of their investment in cash and instead plans to put the funds into shares of a highly speculative real estate venture, according to a suit filed in Florida federal court.
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