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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May 14, 2026
The Second Circuit on Thursday once again weighed the nearly decadelong fraud case against former Platinum Partners executives, which has led to hard-fought trials, convictions, acquittals, appellate reversals and even a presidential pardon, as defense counsel and the government alike argued that a litany of errors demand rectification.
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May 14, 2026
A class of Oppenheimer & Co. customers are asking a New York federal judge to greenlight a $70 million settlement resolving their claims that the investment bank pocketed hefty fees from its cash sweep account program while paying customers "unreasonable, below-market interest rates."
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May 14, 2026
The Financial Industry Regulatory Authority's head of enforcement said Thursday that the self-regulating watchdog of brokers will update the credit it offers to firms for cooperation and remediation, amid a broader, ongoing series of efficiency initiatives.
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May 14, 2026
Callan LLC has reached a deal in a class action from a group of union carpenters who claimed the investment consulting firm and their pension funds' trustees lost them $250 million in assets by investing in Allianz index funds, according to a Washington federal court filing.
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May 14, 2026
Cybersecurity and cloud company Akamai Technologies Inc. on Thursday announced plans to acquire Tel Aviv-based tech company LayerX in a $205 million deal.
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