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Asset Management
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January 30, 2026
UP, Norfolk Southern Rip Rival BNSF's Merger Docs Demands
Union Pacific and Norfolk Southern have accused rival railroad BNSF Railway of trying to delay the regulatory review for their proposed $85 billion mega-merger by demanding that they share thousands more documents, emails and other operational details in what they called a "fishing expedition."
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January 30, 2026
Wash. Plaintiffs Fight NY Transfer Request In REIT Merger Suit
A proposed class of investors urged a judge to keep their securities case over a merger between two real estate investment trusts in Washington federal court instead of granting the defendants' request to transfer the case to New York federal court.
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January 30, 2026
Labor Dept. Recovered $1.4B For Benefit Plans In Fiscal '25
The U.S. Department of Labor reported $1.4 billion in recoveries for employee benefit plans in its latest enforcement report on Friday, an amount equal to what the agency has reported for the previous three fiscal years, although it had a significant uptick in funds recovered from abandoned plans.
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January 30, 2026
Chicago Sky's Owner Stiffing Minority Partners, Suit Claims
The principal owner of the WNBA's Chicago Sky has shortchanged the team's minority investors to his own benefit as the popularity and value of the team and league have risen, one of the partners claimed in an Illinois state suit.
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January 30, 2026
Lindberg Takes $122M Contempt Order To NC Top Court
A convicted billionaire is asking North Carolina's top court to take up his appeal seeking to overturn a $122 million contempt order against him, saying the lower court's finding that he was able to pay ignored the precarious reality of selling off a complex business asset.
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January 30, 2026
Mining SPAC's $270M IPO Starts Trading As 3 Firms Advise
Shares of M‑EVO Global Acquisition Corp II began trading Friday after the blank check company priced an upsized $270 million initial public offering, selling 27 million units at $10 each, according to a company statement.
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January 30, 2026
Taxation With Representation: Clifford Chance, Ropes & Gray
In this week's Taxation With Representation, real estate investment trust Apollo Commercial Real Estate Finance Inc. announces plans to sell a loan portfolio to retirement services company Athene Holding Ltd., engineering and technology company Leidos acquires Entrust Solutions Group, and Prosperity Bancshares Inc. and Stellar Bancorp Inc. announce a merger.
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January 30, 2026
NC Bar Urges Panel To OK Atty Discipline For Account Misuse
The North Carolina State Bar is urging the state's appeals court to uphold the suspension of a Nash County lawyer over the alleged mishandling of his attorney trust account, arguing he admitted to the misconduct and did not show the state's ethics watchdog had abused its discretion.
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January 30, 2026
4 Firms Build Sale Of $622M Energy Assets To GeoPark
Canadian oil and natural gas company Frontera Energy Corp. on Friday announced plans to sell its Frontera Petroleum International Holdings B.V. to independent energy company GeoPark Ltd. in a deal that values the assets at $622 million and was built by four law firms.
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January 30, 2026
Warsh Clinches Trump's Nomination For Fed Chair
President Donald Trump is nominating former Federal Reserve Gov. Kevin Warsh to lead the central bank as its next chairman, elevating a critic of the Fed's leadership as the White House pushes against its traditional independence.
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January 29, 2026
Ex-Morgan Stanley Adviser Conned NBA Players, Jury Hears
A Manhattan federal prosecutor Thursday told jurors that a former Morgan Stanley adviser defrauded three NBA players out of millions of dollars through investments in wildly marked up life insurance policies, while defense counsel said the case was built on lies by a former client.
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January 29, 2026
DOL Proposes Pharmacy Benefit Manager Fee Disclosure Rule
The U.S. Department of Labor's employee benefits subagency Thursday proposed a rule to require new fee disclosures from pharmacy benefit managers, which act as intermediaries between drugmakers, pharmacies and insurers, to help managers of employee health plans ensure PBM services are reasonably priced.
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January 29, 2026
FINRA Fines Compliance Chief, Firm For Reg BI Failures
The Financial Industry Regulatory Authority has fined a broker-dealer and its chief compliance officer for allegedly failing to supervise representatives' recommendations of certain risky and illiquid bonds, with the latter also agreeing to a three-month suspension.
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January 29, 2026
Zuora Investor Sues Over $1.7B Silver Lake Take-Private Deal
An investor in software as service subscription software venture Zuora Inc. has opened a proposed class suit seeking damages in connection with Silver Lake Group's $1.7 billion take-private acquisition of the company, naming both Silver Lake and managing panther Joseph Osnoss and alleging breaches of fiduciary duty.
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January 29, 2026
2nd Circ. Backs Rental Assistance, Medicaid Fraud Conviction
The Second Circuit has upheld the conviction of a New York City man who was sentenced to 70 months in prison for running a more than $1.8 million rental assistance and Medicaid fraud scheme.
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January 29, 2026
Wachtell-Led International Paper To Split Into 2 Public Cos.
International Paper said Thursday it will split its operations into two separate publicly traded companies, retaining a North American entity while creating a new company for its Europe, Middle East and Africa operations.
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January 29, 2026
3 Companies Begin Trading After Raising $1.3B In IPOs
Satellite maker York Space Systems began trading publicly Thursday after raising $629 million in its upsized initial public offering, joining Brazilian digital banking platform PicPay and insurance platform Ethos Technologies, both of which also made their public debuts Thursday.
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January 29, 2026
SpaceX Eyes IPO At $1.5 Trillion Value, Plus More Rumors
Elon Musk's SpaceX is preparing plans to launch an initial public offering that would value it at a massive $1.5 trillion, Chevron is seeking better terms from Iraq before buying Russia's Lukoil assets, and cryptocurrency wallet Ledger is weighing a $4 billion U.S. IPO.
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January 28, 2026
Northern Trust VP Stole Millions From Elderly Client, Suits Say
An elderly banking heiress and her nephew have sued the Northern Trust Co., alleging the wealth management firm failed to safeguard their assets from a now-former vice president who helped himself to millions of dollars of their funds.
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January 28, 2026
Ropes Leads Kraken-Linked SPAC's Upsized $300M Listing
Krakacquisition, a blank check company that counts crypto exchange Kraken among its backers, began trading on Wednesday after pricing an upsized $300 million initial public offering steered by Ropes & Gray LLP and underwriter counsel Allen Overy Shearman Sterling US LLP.
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January 28, 2026
SEC Urged To Adopt Insider Trading Rules For Foreign Firms
A former member of the U.S. Securities and Exchange Commission is among a trio of academics pressing the agency to write rules cracking down on insider trading at foreign companies that trade on U.S. exchanges, urging action before a congressionally mandated deadline runs out in March.
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January 28, 2026
BlackRock, Eclipse Lead Cellares' $257M Funding Round
Integrated development and manufacturing organization company Cellares, which focuses on the large-scale manufacturing of cell therapies, on Wednesday announced that it closed a $257 million funding round, bringing the South San Francisco, California-based company's total capital raised to $612 million.
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January 28, 2026
PBGC Reports Rosy Outlook For Single, Multiemployer Plans
The Pension Benefit Guaranty Corp.'s program backstopping the nation's private-sector pension plans reported another year of healthy finances, with an end-of-fiscal-year surplus of more than $64 billion, the agency said.
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January 28, 2026
Ropes-Led EAM Clinches 2nd Fund With $575M In Tow
Ropes & Gray LLP-advised private equity shop Equality Asset Management announced Wednesday that it wrapped its second fund with $575 million in investor commitments.
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January 28, 2026
3rd Circ. Appears Skeptical Of Quest's Early Win In 401(k) Suit
The Third Circuit on Wednesday pressed attorneys defending Quest Diagnostics Inc.'s pretrial defeat of a proposed class action from workers who alleged that their 401(k) savings were drained by underperforming investment funds, spotlighting the parties' disagreement over whether the lab company followed its own investment policy statement.
Expert Analysis
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Series
Muay Thai Makes Me A Better Lawyer
Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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How Bank M&A Prospects Brightened In 2025
Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.
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3 Securities Litigation Trends To Watch In 2026
Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.
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4 Developments That Defined The 2025 Ethics Landscape
The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.
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Navigating AI In The Legal Industry
As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.
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2025 Calif. Banking Oversight Centered On Consumer Issues
The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.
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The Major Securities Litigation Rulings And Trends Of 2025
The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.
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The CFTC's Road Ahead Under Newly Confirmed Chair
Michael Selig's Dec. 18 confirmation as U.S. Commodity Futures Trading Commission chair comes at a critical juncture, as the agency is poised to gain oversight over the crypto industry and increase its jurisdictional mandate covering prediction markets, says Elizabeth Lan Davis at Davis Wright.
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How Fractional GCs Can Manage Risks Of Engagement
As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.
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SEC Rulemaking Radar: A Reset, A Shift And A Preview Of '26
With major proposals withdrawn and new priorities emerging, forthcoming U.S. Securities and Exchange Commission proposals in 2026 will look to reshape how digital assets are regulated, recalibrate market structure and simplify how small companies go public, says Christopher Grobbel at Goodwin.
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Del. Dispatch: Key 2025 Corporate Cases And Trends To Know
The Delaware corporate legal landscape saw notable changes in 2025, spurred by amendments to the Delaware General Corporation Law, ubiquitous artificial intelligence fervor, boardroom discussion around DExit, record shareholder activism activity and an arguably more expansive view of potential Caremark liability, say attorneys at Fried Frank.
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Series
Nature Photography Makes Me A Better Lawyer
Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.
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2025 Brought A New Paradigm For Federal Banking Regulation
A series of thematic shifts defined banking regulation in 2025, including a fundamental reform of prudential supervision, a strategic easing of capital constraints, steps to streamline merger reviews, and a new framework for fair access and entrants seeking to offer banking services, say attorneys at Simpson Thacher.
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Series
Law School's Missed Lessons: Practical Problem Solving
Issue-spotting skills are well honed in law school, but practicing attorneys must also identify clients’ problems and true goals, and then be able to provide solutions, says Mary Kate Hogan at Quarles & Brady.