Asset Management

  • February 21, 2020

    Hilton Retirees Defend Bid For Class Cert. In Pension Suit

    A group of Hilton retirees on Friday asked a D.C. federal judge to certify a class in their suit claiming they were cheated out of pension benefits through improper vesting rules, saying the hotel chain resorted to "the Rule 23 equivalent of schoolyard name-calling" in its opposition.

  • February 21, 2020

    RMBS Investors Challenge US Bank's Early-Win Effort

    A set of investment vehicles that bought more than $665 million worth of notes in residential mortgage-backed securities trusts overseen by US Bank told a New York federal judge on Thursday not to be swayed by the bank’s recent attempt to dodge a breach of contract dispute.

  • February 21, 2020

    More Companies Likely To 'Test The Waters' Ahead Of IPOs

    More companies are taking advantage of the ability to communicate with select investors in order to gauge market interest before an initial public offering, a trend that lawyers expect to accelerate now that so-called "testing the waters" benefits are available to all companies.

  • February 21, 2020

    Inside The Evolving State Of Shareholder Activism

    Shareholder activism will remain popular in 2020, but recent years have seen the practice morph to include much more than proxy contests, and attorneys must stay up to date on the novel methods investors are using to try and assert influence at companies.

  • February 21, 2020

    'Pharma Bro' Martin Shkreli Drops Suit Against Trial Witness

    “Pharma bro” Martin Shkreli dropped his fraud case against a witness at his criminal trial who is also the son of a former investor, according to a filing in New York federal court Thursday.

  • February 21, 2020

    Taxation With Representation: Davis, Skadden, Goodmans

    In this week's Taxation With Representation, Morgan Stanley buys E-Trade in a $13 billion deal, Canada's Northview Apartment REIT is sold for $3.6 billion, and Amherst Residential acquires fellow rental company Front Yard Residential for $2.3 billion.

  • February 21, 2020

    Mass. Securities Chief Sets Up State Rules, Blasting SEC Regs

    Massachusetts' top securities cop sharply criticized U.S. Securities and Exchange Commission broker standards as he announced Friday that the Bay State will implement its own conduct rules that are stricter than those set forth by the federal government.

  • February 21, 2020

    Cboe Investors Push For Appeal In VIX Manipulation Case

    Investors in the Chicago Board Options Exchange urged an Illinois federal judge to immediately enter final, and therefore appealable, judgment on an order ending claims over the alleged manipulation of the exchange's volatility index.

  • February 21, 2020

    Greenberg Traurig's $65M Deal In Stanford Ponzi Suit OK'd

    A Texas federal judge on Friday gave his blessing to Greenberg Traurig's $65 million settlement of claims related to its alleged involvement in a $7 billion scheme run by convicted Ponzi scammer R. Allen Stanford.

  • February 21, 2020

    Herbert Smith Freehills Helps Hammerson With $519M Sale

    Herbert Smith Freehills represented U.K. real estate firm Hammerson in connection with its sale, announced Friday, of seven retail properties to a fund of European private equity shop Orion Capital Managers for £400 million ($518.9 million).

  • February 21, 2020

    Eye On ERISA: A Q&A With Proskauer's Myron Rumeld

    Myron Rumeld, the co-chair of Proskauer Rose LLP's employee benefits and executive compensation group, shared his expectations for a U.S. Supreme Court term packed with Employee Retirement Income Security Act cases and his thoughts on the biggest unresolved questions in ERISA litigation in an exclusive interview with Law360. 

  • February 21, 2020

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen a premium payment card provider drag an exiled Ukrainian politician to court, an investment company sue Cuba for unpaid government debt and lenders offering unregulated finance take action against The Times newspaper. ​​​​​​​Here, Law360 looks at these claims and more. 

  • February 20, 2020

    Del. Judge May Dictate Fix For Zohar-Tilton Ch. 11 Dispute

    A Delaware bankruptcy judge left open the possibility Thursday of a court-fashioned alternative to competing plans for meeting a bankrupt creditor group’s demand for sales of nondebtor companies controlled by business turnaround mogul Lynn Tilton’s Patriarch Partners LLC.

  • February 20, 2020

    Ex-Raydon Worker's 'Animus' No Bar To Cert. In ESOP Suit

    A Florida magistrate judge recommended Thursday that an ex-Raydon employee be allowed to lead a class action suit over a $60.5 million employee stock ownership plan transaction, rejecting arguments that certification should be denied because of the worker’s “extreme personal animus.”

  • February 20, 2020

    CFTC Proposes Longer Deadlines For Swap Trading Reporting

    The U.S. Commodity Futures Trading Commission on Thursday proposed two rule changes regarding swap data reporting, including allowing large firms more time to disseminate information about block trades, among other changes intended to provide businesses more flexibility and simplify reporting.

  • February 20, 2020

    Leak Triggers Call For Sanctions In Priest's Short-Selling Suit

    Ligand Pharmaceuticals joined the U.S. Securities and Exchange Commission's call Wednesday to sanction a Greek Orthodox priest facing a short-selling suit for trying to “poison the well” with selective leaks to a Barron’s reporter of confidential documents.

  • February 20, 2020

    6 Firms Guide $3.6B Northview Apartment REIT Deal

    Canadian real estate investment trust Northview Apartment REIT is being bought up by an asset manager and a private equity group, the companies said Thursday, in a deal worth CAD$4.8 billion ($3.6 billion) and led by six Canadian firms.

  • February 20, 2020

    SEC Says Oil Execs Can't Add New Defendant To Ponzi Suit

    The U.S. Securities and Exchange Commission said Wednesday that two men accused of conducting a $3.9 million Ponzi scheme with oil and gas offerings cannot try to pin the blame on a driller they allegedly worked with.

  • February 20, 2020

    Deka Immobilien Snaps Up Dublin Office Building For $165M

    German real estate investor Deka Immobilien said Thursday it paid €153 million ($165 million) for a Dublin office building, which will be part of the investor’s new real estate fund.

  • February 20, 2020

    Feds Target Investment Adviser Who 'Lost' $200K

    A purported investment professional scammed seniors out of $200,000, spending it on cigars and a Corvette, then told his customers their money vanished into thin air, multiple federal enforcement authorities alleged Thursday.

  • February 20, 2020

    Davis Polk, Skadden Guide $13B Morgan Stanley-E-Trade Deal

    Morgan Stanley, counseled by Davis Polk, has agreed to buy Skadden-advised financial services company E-Trade for roughly $13 billion, the companies said Thursday, in a deal that stands to fortify Morgan Stanley’s position as a leading wealth management business.

  • February 19, 2020

    Investor Settlements Saw Lull In '19 But Big Deals Are In Sight

    Only two investor deals finalized last year were big enough to crack the top 100 largest U.S. securities class action settlements, according to recently released data, but several big deals may join their ranks in 2020.

  • February 19, 2020

    Tilton Denies Stymieing Zohar's Ch. 11 Sale Efforts

    Corporate turnaround mogul Lynn Tilton denied holding up court-supervised efforts to sell off parts of her Patriarch Partners business portfolio Wednesday while testifying in a dispute over competing deadlines and strategies for the Zohar Funds’ Delaware Chapter 11 process.

  • February 19, 2020

    US Bank Says RMBS Claims Resolved By Nix Of Similar Suit

    U.S. Bank told a New York federal judge on Wednesday that another judge in his district has fully dismissed a lawsuit "materially similar" to claims the bank is facing in his court over residential mortgage-backed securities trusts.

  • February 19, 2020

    DST Wants 401(k) Participants' Attys DQ'd In ERISA Fight

    DST Systems Inc. has urged a New York federal judge to disqualify four law firms from representing the company's 401(k) plan participants in their legal challenges to its plan management practices, saying the firms have a conflict of interest because they also represent former plan advisers.

Expert Analysis

  • Timely Qualified Plan Adoption Still Tricky After SECURE Act

    Author Photo

    The recently enacted Setting Every Community Up for Retirement Enhancement Act includes a helpful extension of the annual deadline to adopt a new qualified plan, but there is still complexity in documenting for the IRS when the plan was put in place, says Daniel Morgan at Blank Rome.

  • Rebuttal

    AI Can't Accurately Predict Case Length And Cost — Yet

    Author Photo

    A recent Law360 guest article argued that artificial intelligence can precisely estimate the length and cost of a new case, but several limitations will likely delay truly accurate predictions for years to come, says Andrew Russell at Shaw Keller.

  • Opinion

    PE Investors Should Reject Life Tenure For General Partners

    Author Photo

    Institutional investors in private equity and venture capital funds should push back against limited partnership agreements that make it impossible to remove a general partner for any reason, say Kenneth Witt and Marc Lieberman at Kutak Rock.

  • Boardroom Hot Topics: ESG, Purpose And Stakeholders

    Author Photo

    Public company boards of directors should recognize environmental, social and governance issues as a growing priority for investors, identify the purpose of their corporation, and consider focusing on a broader set of stakeholders, say Valeska Pederson Hintz and James O'Grady at Lowenstein Sandler.

  • The 3 SECURE Act Issues Plan Sponsors Should Review First

    Excerpt from Lexis Practice Advisor
    Author Photo

    There are several provisions of the recently enacted Setting Every Community Up for Retirement Enhancement Act that defined contribution plans should be thinking about now, even though many of the law’s big-ticket changes are not effective until 2021, say Casey Fleming and Hannah Demsien at Foley & Lardner.

  • Lawyers Can Build Trust Through The Spoken Word

    Author Photo

    As attorneys, we may prefer the precision of written communication, but a phone call or an in-person conversation builds trust by letting others see and hear our authentic selves, rather than something constructed or scripted, says mediator Sidney Kanazawa of ARC.

  • FINRA's Changes To New-Issue Sales, Distribution Practices

    Excerpt from Lexis Practice Advisor
    Author Photo

    Recently effective changes to the Financial Industry Regulatory Authority's initial equity public offering sales and distribution rules introduce new considerations for exempt investors, the types of securities offerings subject to the rules, and the types of investors broker-dealers can sell to, say Anna Pinedo and Ali Perry at Mayer Brown.

  • Opinion

    Legal Prediction Is Demanding But Not Impossible

    Author Photo

    The New Jersey Supreme Court’s recent decision in Balducci v. Cige incorrectly concluded that predicting the length and cost of a case is nearly impossible, and overlooked artificial intelligence's ability to do so, says Joseph Avery with Claudius Legal Intelligence.

  • Trends In Recent FCPA And Cartel Cases Against Execs

    Author Photo

    The U.S. Department of Justice has taken more white collar cases against executives to trial this winter, focusing on Foreign Corrupt Practices Act and cartel allegations, and scoring noteworthy victories in a canned tuna price-fixing case and two rate-rigging cases, say attorneys at Miller & Chevalier.

  • 5 Executive Compensation Considerations For Proxy Season

    Author Photo

    Companies preparing their 2020 proxy statements should keep several compensation plan and disclosure issues in mind on the heels of recent say-on-pay and executive remuneration policy updates from Institutional Shareholder Services and Glass Lewis, say attorneys at Pillsbury.

  • SEC Exam Priorities Highlight Flexible, Holistic Compliance

    Author Photo

    The U.S. Securities and Exchange Commission's recently released exam priorities encourage firms to emphasize investor protection and consider compliance in light of evolving business and market demands, say attorneys at Lowenstein Sandler.

  • Effective AML, Anti-Bribery Programs Hinge On Collaboration

    Author Photo

    Amid increasing risk exposure from financial services companies' partners, clients and affiliates, opportunities exist to leverage processes across firms' anti-money laundering and anti-bribery and corruption programs, says Michelle Goodsir at K2 Intelligence.

  • Understanding PE Employee Co-Investment Credit Facilities

    Excerpt from Lexis Practice Advisor
    Author Photo

    Co-investment lines can offer the financing needed to make employee investment an attractive benefit, filling a growing demand for additional liquidity and flexibility at the upper levels of a private equity fund's corporate structure, say attorneys at Haynes and Boone.

  • Malpractice Landscape Is Becoming Riskier For BigLaw

    Author Photo

    A recent survey of lawyers’ professional liability insurers revealed an increase in malpractice claims against law firms, suggesting clients will demand more accountability in the coming decade, say Gerald Klein and Amy Nguyen at Klein & Wilson.

  • Perspectives

    Book Review: A Lawyer Reflects On Defending Guilty People

    Author Photo

    In her new book, "Guilty People," Abbe Smith successfully conveys that seeing ourselves in people who commit crime may be the first step to exacting change in our justice system, says U.S. District Judge Diane Humetewa of the District of Arizona.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!