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Asset Management
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February 02, 2026
Investors File $150M Florida Suit Against PE Fund Managers
A group of investors brought a proposed class action against numerous private equity fund managers in Florida federal court Monday, alleging a conspiracy to steal $150 million and hide the money through complex investment schemes involving infrastructure, real estate and a merchant cash advance business.
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February 02, 2026
Broker-Dealer Fined $750K Over Text Message Recordkeeping
Benjamin F. Edwards & Co. Inc. has agreed to a censure and $750,000 fine to settle the Financial Industry Regulatory Authority's allegations that the broker-dealer failed to properly supervise and preserve its employees' business-related text messages.
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February 02, 2026
US Bancorp Beats Suit Over Brokerage Cash-Sweep Program
A Minnesota federal judge permanently threw out a proposed class action accusing U.S. Bancorp and its brokerage unit of shortchanging customers on interest through a cash-sweep program, finding in part that the bank never promised customers a particular minimum interest rate.
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February 02, 2026
ESAB Corp. To Acquire Eddyfi Technologies For $1.45B
ESAB Corp. said Monday it has agreed to purchase Eddyfi Technologies for $1.45 billion, pushing deeper into industrial inspection and monitoring as it looks to diversify beyond its core welding equipment business.
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February 02, 2026
Donaldson Acquires Facet Filtration In $820M Deal
Technology-led filtration products provider Donaldson Company Inc. on Monday announced plans to buy Filtration Group's Facet Filtration business in an all-cash deal valued at roughly $820 million.
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February 02, 2026
BBQ Co. Execs, Argent Settle $99M ESOP Fight With DOL
Two executives for a New York barbecue chain and the company's employee stock ownership plan trustee have agreed to settle a lawsuit from the U.S. Department of Labor alleging that a $99 million stock purchase violated federal benefits law, according to a joint stipulation from the parties.
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February 02, 2026
Oil Trader Wants Prison Date Delayed Over $1.7M Forfeiture
A Connecticut oil trader convicted of violating the Foreign Corrupt Practices Act has asked to postpone his date to report to prison by two months, saying he "needs additional time to put his financial affairs in order" so he can pay a $1.7 million forfeiture plus an additional $300,000 fine.
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February 02, 2026
Space And Defense Comms Co. Secures $470M Of Funding
Space and defense communications company CesiumAstro Inc. on Monday revealed that it has secured $470 million in growth capital, which will go toward funding the buildout of its new headquarters, among other uses.
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February 02, 2026
Former SEC Division Co-Chief Counsel Joins K&L Gates In DC
A longtime U.S. Securities and Exchange Commission attorney has made the jump to private practice, joining K&L Gates in Washington, D.C., the firm said Monday.
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February 02, 2026
Latham, Gibson Dunn Steer Brookfield's $1.2B Peakstone Buy
Private equity giant Brookfield Asset Management, advised by Gibson Dunn & Crutcher LLP, on Monday unveiled plans to acquire Latham & Watkins LLP-led Peakstone Realty Trust in a $1.2 billion take-private transaction.
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January 30, 2026
Pilgrim's Pride Plan Fiduciaries Accused Of ERISA Breach
An employee of Pilgrim's Pride Corp. claimed in Colorado federal court Friday that the food production company violated federal law by intentionally picking a riskier and worse performing contract within its retirement savings plan for more than 21,000 plan participants.
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January 30, 2026
Sentara Health Can't Escape Suit Over Stable Value Fund
A Virginia federal judge said Friday that Sentara Health can't dodge a suit claiming it failed to kick an underperforming investment fund from its retirement plan, ruling the healthcare system hasn't shown it assessed the fund with the proper due diligence to beat the case.
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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.
Expert Analysis
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Series
Law School's Missed Lessons: Networking 101
Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.
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How Cos. Can Prep For Tightened Calif. Data Breach Notices
Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.
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Digital Asset Treasury Trend Signals Wider Crypto Embrace
While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.
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Series
The Biz Court Digest: How It Works In Massachusetts
Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.
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Why Appellees Should Write Their Answering Brief First
Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.
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Questions To Ask Your Client When Fraud Taints Financing
As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.
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Series
Mindfulness Meditation Makes Me A Better Lawyer
Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.
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AI Litigation Tools Can Enhance Case Assessment, Strategy
Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.
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Attys Beware: Generative AI Can Also Hallucinate Metadata
In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.
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How 9th Circ. Ruling Deepens SEC Disgorgement Circuit Split
The Ninth Circuit's recent decision in U.S. Securities and Exchange Commission v. Sripetch creates opposing disgorgement rules in the two circuits where the SEC brings a large proportion of enforcement actions — the Second and Ninth — and increases the likelihood that the U.S. Supreme Court will step in, say attorneys at Cahill Gordon.
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SEC Crypto Custody Relief Offers Clarity For Funds
A recent U.S. Securities and Exchange Commission staff letter supplies a workable path for registered investment advisers and funds seeking to offer crypto custody services by using state trust companies, and may portend additional useful guidance regarding crypto custody, say attorneys at Morgan Lewis.
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DOJ's UnitedHealth Settlement Highlights New Remedies Tack
The use of divestitures and Hart-Scott-Rodino Act compliance in the recent U.S. Department of Justice settlement with UnitedHealth Group and Amedisys underscores the DOJ Antitrust Division's willingness to utilize merger remedies under the second Trump administration, say attorneys at Buchanan Ingersoll.
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When Atty Ethics Violations Give Rise To Causes Of Action
Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.
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A Shift To Semiannual Reporting May Reshape Litigation Risk
While the U.S. Securities and Exchange Commission's proposed change from quarterly to semiannual reporting may reduce the volume of formal filings, it wouldn't reduce litigation risk, instead shifting it into less predictable terrain — where informal disclosures, timing ambiguities and broader materiality debates will dominate, says Pavithra Kumar at Advanced Analytical Consulting Group.