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Asset Management
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March 26, 2026
Musk's SpaceX Eyes $75B IPO Raise, Among Other Rumors
The market is anticipating what could be one of the largest initial public offerings ever, after reports this past week indicated that Elon Musk's SpaceX is looking to imminently raise as much as $75 billion.
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March 26, 2026
Satellite Biz Xona Wraps $170M Series C Funding Round
Commercial space company Xona, led by Covington & Burling LLP, on Thursday announced that it closed an oversubscribed Series C funding round after securing $170 million, which will be used in part to help build the company's new Bay Area factory.
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March 26, 2026
2nd Circ. Reopens Mortgage-Backed Securities ERISA Suit
The Second Circuit on Thursday revived a federal benefits lawsuit against Wells Fargo and Ocwen accusing the companies of mishandling home loans tied to a union pension fund's investments, overturning a lower court ruling that handed the bank and loan servicing companies a pretrial win in the proposed class action.
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March 26, 2026
Advent Commits $1B To Defense Tech Companies
Private equity investor Advent International unveiled plans Thursday to invest up to $1 billion in "next-generation" defense technology companies, a move that comes as defense technology investments ramp up.
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March 26, 2026
Shield AI Hits $12.7B Valuation, Buys Defense Biz Aechelon
Defense technology company Shield AI on Thursday revealed that its valuation soared to $12.7 billion after closing a $1.5 billion Series G funding round, which will help finance the company's planned acquisition of private equity-backed defense company Aechelon Technology Inc.
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March 26, 2026
Paul Weiss, Skadden Guide $22B US Life Insurance Merger
Corebridge Financial Inc. and Equitable Holdings Inc. said Thursday they have agreed to merge in an all-stock transaction that values the combined company at about $22 billion, in a deal steered by Skadden Arps Slate Meagher & Flom LLP and Paul Weiss Rifkind Wharton & Garrison LLP.
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March 25, 2026
UBS Must Face Class Action Over Low-Yield Sweep Accounts
A New York federal judge on Wednesday trimmed a proposed class action alleging USB Financial Services Inc. put customers' money in low-yielding "cash sweep" accounts in breach of their contract, tossing a single duplicative unjust enrichment claim but allowing the contract claims to proceed.
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March 25, 2026
Tax-Credit Cliff Sparks M&A Rush For Clean Energy
The looming July cutoff to maintain eligibility for clean electricity investment and production tax credits is sparking a dealmaking spree as smaller developers who are unable to meet the deadline begin looking to sell projects to deeper-pocketed players who can.
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March 25, 2026
S. Korea, Elliott Dispute Over Samsung Merger Set To Restart
South Korea's Ministry of Justice said Wednesday it is preparing for U.S. hedge fund Elliott Associates to resubmit its claim accusing the government of interfering in an $8 billion merger between two Samsung affiliates in 2015, weeks after a London court set aside a previous award in the dispute.
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March 25, 2026
FINRA Constitutionality Case Belongs In 4th Circ., Judge Says
A North Carolina federal judge has thrown out a lawsuit challenging the constitutionality of the Financial Industry Regulatory Authority's in-house disciplinary process, saying the case belongs before the Fourth Circuit.
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March 25, 2026
Ex-Partner Seeks 2,000 Client Notices In NC Estate Firm Fight
After nearly two hours of argument in which counsel for the founding partner of a trusts and estates law firm argued that the firm should have to notice his departure to thousands of clients, a North Carolina Business Court judge seemed a bit perplexed Wednesday as to why the parties didn't resolve the client list spat with a North Carolina State Bar ethics opinion.
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March 25, 2026
Arxis Files IPO As More Defense Firms Seek Public Listings
Military electronics and components maker Arxis has filed plans for an initial public offering, marking the second military technology company to launch plans for a public debut this week as more aerospace and military companies seek the public markets.
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March 25, 2026
FSOC Seeks To Rein In Too-Big-To-Fail Labels In Latest Pivot
Federal regulators moved Wednesday to curb their authority to subject large asset managers, insurers and other nonbank firms to heightened, bank-like supervision, proposing guidelines that would reinstitute tougher standards for these too-big-to-fail designations.
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March 25, 2026
After Overhaul Nixed, FTC, DOJ Mull New Merger Rulemaking
The Federal Trade Commission and the U.S. Department of Justice are not giving up on attempting to overhaul the "insufficient" half-century-old merger notification form after its replacement was just struck down by a Texas federal judge, with the agencies now seeking public comment as they mull "a new rulemaking process."
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March 25, 2026
Osler-Led Sherweb Secures CA$125M Minority Investment
Canadian cloud distributor Sherweb, led by Osler Hoskin & Harcourt LLP, on Wednesday revealed that it secured a CA$125 million ($90.5 million) minority equity investment from Investissement Québec, which will be used to help the company expand internationally, among other uses.
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March 25, 2026
3 Canadian Law Firms Steer $6.5B Boralex PE Buyout
Brookfield Asset Management and La Caisse have agreed to acquire all of Boralex Inc.'s outstanding shares in a deal that gives the Canadian renewable power producer an enterprise value of CA$9 billion, or about $6.5 billion, according to a deal announcement Wednesday.
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March 25, 2026
Ecolab Trims But Can't Escape Mortality Table Pension Suit
A Minnesota federal judge trimmed but refused to toss a proposed class action against Ecolab Inc. from retirees who alleged their joint-and-survivor annuity pension benefits were miscalculated, holding that two early retirees who sued lacked standing and that a fiduciary breach claim was time-barred.
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March 25, 2026
Kirkland Leads Pritzker In $385M Inaugural Fund Close
Family investment firm Pritzker Alternative Strategies LP, advised by Kirkland & Ellis LLP, on Wednesday announced that it wrapped its inaugural fund with $385 million of commitments.
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March 24, 2026
NY Regulator's Fintech Unit Chief Is Ex-BigLaw, CFPB Analyst
New York's financial services regulator announced Tuesday it has promoted one of its own to permanently head up its division responsible for licensing crypto firms and regulating fintech, a job formerly held by the agency's current acting Superintendent Kaitlin Asrow.
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March 24, 2026
Iowa Asks 5th Circ. To Ax 'Uncertain' Schwab Antitrust Deal
Iowa's attorney general Monday pressed the Fifth Circuit to reject investors' deal with The Charles Schwab Corp. in an antitrust suit over its merger with TD Ameritrade, arguing it offers only uncertain and hypothetical relief to class members while giving named plaintiffs and class counsel a "windfall."
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March 24, 2026
Game Developer Seeks To Toss Suit Over NFT Delay
Game development studio Neon Machine Inc. urged a New York federal court to dismiss a suit brought by an investment fund specializing in virtual "real estate" over the company's alleged failure to timely deliver an unregistered NFT associated with an unreleased game, arguing the delays in developing the game do not warrant a securities fraud suit.
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March 24, 2026
FINRA CEO Highlights New Clearinghouse For Cyber Threats
Robert Cook, CEO of the Financial Industry Regulatory Authority, said Tuesday that it will soon be rolling out a clearinghouse for firms to report cybersecurity threats and to promote information sharing across the industry.
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March 24, 2026
2nd Circ. Won't Recharge Solar Panel Co. Investor Suit
The Second Circuit won't revive a proposed investor class action alleging solar panel infrastructure company Array Technologies failed to convey the impact of certain heightened costs stemming from the COVID-19 pandemic.
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March 24, 2026
Compliance Chiefs Offer Insight On AI In Financial Services
JPMorgan Chase & Co.'s chief compliance officer said Tuesday that artificial intelligence has proven "transformative" to her bank, and that she sees a time when compliance officers may come to supervise AI agents as the technology evolves.
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March 24, 2026
Ga. Exec Cops To Role In Alleged $380M Ponzi Scheme
The former chief administrative officer of an Atlanta-area financial advisory group pled guilty Tuesday to one count of money laundering in connection to her role in what prosecutors said was a $380 million Ponzi scheme.
Expert Analysis
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Series
Law School's Missed Lessons: The Human Element
Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.
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How DExit, Mandatory Arbitration Could Alter IPO Outlook
As companies continue to leave Delaware and the U.S. Securities and Exchange Commission begins allowing companies to implement mandatory arbitration provisions, these developments could have a major impact on the initial public offering, securities class action, and directors and officers insurance landscapes, says Walker Newell at Arthur J. Gallagher & Co.
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The Benefits Of Choosing A Niche Practice In The AI Age
As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.
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Series
Podcasting Makes Me A Better Lawyer
Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.
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AG Watch: Ohio Targets DEI Policies
As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.
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Assessing Ruling On SEC Industry Bars In Post-Jarkesy World
According to a D.C. federal court in Sztrom v. U.S. Securities and Exchange Commission, the U.S. Supreme Court's 2024 decision in SEC v. Jarkesy did not eliminate the commission's ability to pursue industry bars through administrative follow-on proceedings, a major blow for future Article 3 challenges — so long as it stands, say attorneys at Venable.
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How Banks Can Apply FinCEN Beneficial Ownership Relief
A recent Financial Crimes Enforcement Unit order limiting the circumstances under which banks should identify and verify beneficial owners may allow banks to tailor their approach to verification compliance, but only after reviewing customer due diligence policies and evaluating alignment with their risk profiles, say attorneys at Cleary.
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Series
Volunteering With Scouts Makes Me A Better Lawyer
Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.
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Series
Law School's Missed Lessons: In Court, It's About Storytelling
Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.
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How Leveraged Lending Pivot May Alter Bank Risk Oversight
The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's recent withdrawal of leveraged lending guidance introduces several principles that may allow banks to better apply enterprisewide risk management programs and potentially create additional competition in the private credit loan market, say attorneys at Mayer Brown.
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How Recent Del. Rulings Clarify M&A Deal Fraud Carveouts
Two recent Delaware decisions have provided clarity regarding when a party can or cannot rely on representations made during the course of an M&A transaction, particularly on the scope and enforceability of antireliance provisions, and on representations they knew or should have known were false, says Anthony Boccamazzo at Olshan Frome.
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Aligning Microsoft Tools With NYC Bar AI Recording Guidance
The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.
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FINRA Guide Refines Rules Of The Road For Negative Consent
A recent Financial Industry Regulatory Authority notice streamlines the use of negative consent letters to customers, particularly for introducing brokers and clearing brokers, but it also attaches greater responsibility to compliance, and firms must ensure use of negative consent remains firmly within FINRA's bright-line rules, say attorneys at Mintz.
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11th Circ. NextEra Ruling Broadens Loss Causation Standard
The Eleventh Circuit's recent Jastram v. NextEra Energy decision significantly expands the loss causation standard at the motion-to-dismiss stage and may lead to suits predicated on more tenuous connections between company disclosures and alleged misstatements, say attorneys at Sidley.
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Where 5th Circ. Ruling Fits In ERISA Arbitration Landscape
The Fifth Circuit's recent decision in Parrott v. International Bancshares, holding that an Employee Retirement Income Security Act plan may consent to arbitration, must be understood against the backdrop of a developing body of appellate authority addressing ERISA arbitration, say attorneys at Gibson Dunn.