Asset Management

  • July 23, 2026

    Kirkland-Led Francisco Partners Raises $21B Across 2 Funds

    Kirkland & Ellis LLP-advised Francisco Partners on Thursday revealed that it raised $21 billion across its two latest funds, marking the largest fundraise in the firm's history.

  • July 23, 2026

    Dish Network 401(k) Target-Date Fund Suit Heads To Trial

    A Colorado federal judge on Thursday refused to hand Dish Network an early win in a proposed class action alleging 401(k) target-date funds underperformed, concluding the case should head to trial on disputes between the parties about whether the satellite provider breached fiduciary duties under federal benefits law.

  • July 23, 2026

    Simpson Thacher Warned Co. About Deal Terms, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising vehicle alleged to have destroyed Patriot National Inc. told a Florida jury Thursday that he flagged deal terms that later became detrimental to the insurance services company.

  • July 23, 2026

    Asset Management Exec Sues To Void 2008 Noncompete

    The former president of Boston-based Weiss Asset Management asked a Massachusetts court on Wednesday to invalidate a three-year noncompete and five-year trading restriction he signed fresh out of college in 2008, as the company seeks to block him from taking a new job with Millennium Management.

  • July 23, 2026

    Baker Botts, Vinson Steer Matador's $1.3B Oil Operations Deal

    Dallas-based oil and gas company Matador Resources said Thursday that it plans to buy an EnCap Investments subsidiary operating in the Permian Basin for $1.3 billion and separately acquire acreage in Texas and New Mexico from another EnCap company in a deal guided by Baker Botts LLP and Vinson & Elkins LLP.

  • July 22, 2026

    SpaceX May Not Escape Shareholder Suits' Orbit So Easily

    SpaceX's recent blockbuster initial public offering includes a novel and untested framework to steer shareholder disputes to Texas' Business Court and arbitration while prohibiting investor class actions, in a move attorneys said will certainly be challenged in court and could lead to the company facing an impractical number of arbitration proceedings.

  • July 22, 2026

    Target Beats ERISA Suit Over Tobacco Health Surcharge

    A Minnesota federal judge on Wednesday tossed a proposed class action alleging that a tobacco fee on Target workers' health plan violated nondiscrimination provisions in federal benefits law, agreeing with the retail giant that the suit failed to state a claim.

  • July 22, 2026

    SEC's Peirce Says Crypto Vaults May Trigger Securities Laws

    The U.S. Securities and Exchange Commission's Hester Peirce said Wednesday that cryptocurrency assets and activities including some vaults and lending may implicate securities laws, urging firms to "work with us to find a compliant path forward so that you can use new technology to serve investors without running afoul of the federal securities laws."

  • July 22, 2026

    Sen. Warren Urges Watchdog Probe Of CFTC Staff Cuts

    U.S. Sen. Elizabeth Warren, D-Mass., on Wednesday urged the Government Accountability Office to investigate the impact of staffing cuts at the Commodity Futures Trading Commission, saying the reductions come as the CFTC faces increased responsibilities in overseeing prediction markets and implementing cryptocurrency market legislation.

  • July 22, 2026

    Senior SEC Enforcer To Exit Agency After 16-Year Career

    A former acting enforcement head at the U.S. Securities and Exchange Commission will depart at the end of July after a 16-year career with the agency.

  • July 22, 2026

    Candid Health Wraps $120M Series D Funding Round

    Autonomous revenue cycle management platform Candid Health, advised by Lowenstein Sandler LLP, on Wednesday revealed that it raised $120 million in its latest funding round, marking a three-times increase in valuation over the San Francisco-based company's previous funding round in February 2025.

  • July 22, 2026

    Co. Turned Away Simpson Thacher's Deal Meeting, Jury Told

    A retired Simpson Thacher & Bartlett LLP partner who handled the fundraising round alleged to have destroyed Patriot National Inc. testified in a Florida state malpractice trial Wednesday that the insurance services company waved off his attempt to present details to the board.

  • July 22, 2026

    DOL IG Says Info-Sharing Pacts Lacked Safeguards

    U.S. Department of Labor Inspector General Anthony P. D'Esposito testified Wednesday before a U.S. House subcommittee that during the Biden administration, the department shared confidential information with plaintiffs' attorneys without notifying the Wage and Hour Division or the Employee Benefits Security Administration.

  • July 22, 2026

    Toronto Sports Set For Shakeup As Owner Plans Partial Sale

    The Canadian media giant overseeing nearly all of Toronto's major sports teams and facilities unveiled a plan to sell off minority shares of those franchises Wednesday, in keeping with a dramatic reshuffling of the company's assets.

  • July 22, 2026

    5 Firms Steer Novagold, Paulson On $4.2B Donlin Gold Deal

    Novagold Resources Inc. and Paulson Advisers have agreed to a deal that will give Novagold full ownership of Donlin Gold LLC, the owner of Alaska's Donlin Gold project, and create a new parent company with an expected $4.2 billion equity value, with five law firms advising the companies.

  • July 22, 2026

    Latham, Hughes Hubbard Lead Nth Cycle's $585M SPAC Deal

    Critical mineral refiner Nth Cycle Inc., led by Latham & Watkins LLP, on Wednesday revealed plans to go public by merging with Hughes Hubbard & Reed LLP-led special purpose acquisition company Kensington Capital Acquisition Corp. VI in a $585 million deal.

  • July 22, 2026

    DOL Asset Manager Exemption Proposal Sent To White House

    The U.S. Department of Labor's employee benefits subagency transmitted a proposal affecting a popular exemption to strict prohibitions on many types of transactions involving federally regulated benefit plans to a White House office for review, teeing up the regulation for release.

  • July 22, 2026

    Paul Hastings, Sidley Guide Data-Center Co.'s $4B SPAC Deal

    Artificial intelligence infrastructure company TECfusions reached a $4 billion valuation in a Wednesday deal guided by Sidley Austin LLP and Paul Hastings LLP to go public using a blank check company.

  • July 22, 2026

    DOL Proposes E-Delivery Rule For Employer Health Plans

    The U.S. Department of Labor's employee benefits arm unveiled a proposal Wednesday that would provide more opportunities for electronic delivery of employer-provided health plans' mandatory disclosures.

  • July 21, 2026

    DC Circ. Orders SEC To Rethink FINRA Arbitration Challenge

    The U.S. Securities and Exchange Commission's "largely boilerplate" letter rejecting financial service company Thrivent's bid to challenge the Financial Industry Regulatory Authority's arbitration authority didn't offer enough explanation to secure it judicial deference, a D.C. Circuit panel ruled Tuesday.

  • July 21, 2026

    Saba Drops Suit Over BlackRock ESG Fund's Voting Bylaws

    Hedge fund Saba Capital Management has ended its suit claiming BlackRock Inc.'s environmental, social and corporate governance trust maintains illegal shareholder voting bylaws, a decision that comes about a month after the U.S. Supreme Court ruled against Saba in a related suit.

  • July 21, 2026

    Settlement Admins, Banks, Fintechs Target Conspiracy MDL

    Two banks, three prepaid card companies and four major class action settlement administrators asked a D.C. federal judge to dismiss the consolidated proposed class action accusing them of a wide-ranging kickback scheme juicing administration fees while diminishing class action payouts.

  • July 21, 2026

    Texas Appeals Court Revives Ex-CEO's Claims Against REIT

    A Texas appeals court on Tuesday revived claims brought by the former CEO of Houston-based Whitestone REIT accusing his ex-employer of ousting him without cause, saying that the REIT failed to show it should win as a matter of law.

  • July 21, 2026

    Claims Tossed That Fund Backed Child Sexual Abuse Material

    A hedge fund and its affiliates have escaped claims over financing and advice they provided Pornhub's parent company, as a California federal judge found the suit didn't show they had a direct connection to traffickers who uploaded child sexual abuse material or that they knew the platform was "rampant" with the content.

  • July 21, 2026

    Permira-Backed Fashion Shop Reformation Eyes $225M IPO

    Private equity-backed womenswear brand Reformation has unveiled terms for its planned initial public offering, expecting to raise around $225 million in an IPO steered by Skadden Arps Slate Meagher & Flom LLP and Latham & Watkins LLP.

Expert Analysis

  • FDIC Proposals Mark Pullback In Bank Resolution Rules

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    A recent pair of Federal Deposit Insurance Corp. proposals would fundamentally reshape testing of banks' resolution-related capabilities from a mandatory exercise to a voluntary one supported by significant financial incentive, amounting to an overall reduction in reporting requirements, say attorneys at Moore & Van Allen.

  • Series

    Being A Singer Makes Me A Better Lawyer

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    Before law school, I spent seven years trying to make it as a professional singer in Los Angeles, and nearly everything I learned about preparation, humility, confidence and more has followed me into my legal practice, says Jessica Caterina at Moses & Singer.

  • Parsing Who Gets The Track Record In A Venture Partner Split

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    A recent California federal court order in TEEC Angel Management v. Tsingyuan Ventures allowing Lanham Act claims to proceed confirms that the question of who gets to tell the story of a shared win is now being litigated as false advertising instead of industry professional etiquette, says Ben Dubin at VC Expert Services.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • 3rd Circ. ERISA Ruling Stresses Process Over Perfect Returns

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    The Third Circuit's recent decision in Quest Diagnostics affirms that a sound fiduciary process — not perfect investment returns — defeats Employee Retirement Income Security Act claims, signaling that courts will keep scrutinizing how fiduciaries decide, and sponsors who can show their work should remain protected, say attorneys at Nixon Peabody.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • Opinion

    Shareholder Derivative Litigation Needs A Better Framework

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    Uncoordinated, multiforum shareholder derivative litigation is a growing issue for corporate defendants that have little to no recourse for organizing and consolidating actions, but several commonsense steps should be utilized to preempt such disputes, say attorneys at Sullivan & Cromwell.

  • How State, Local Rules Are Expanding Debt Collection Reach

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    Consumer protection rules recently enacted by several states signal that the rules of debt collection are being rewritten at a pace that should command the attention of every creditor, servicer, debt buyer, collection agency and collection law firm operating across state lines, says Weldianne Scales at Reed Smith.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

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    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • A New Regulatory Environment For PE In Calif. Healthcare

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    The California Office of Health Care Affordability's proposed revisions to its cost and market impact review regulations, amid broader state scrutiny of private equity-backed healthcare arrangements, represent a qualitative shift in California's regulatory posture toward institutional healthcare investment, say attorneys at Ropes & Gray.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

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