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Asset Management
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December 03, 2025
FINRA Fines Firm $1M Over Mutual Fund Supervision Issues
The Financial Industry Regulatory Authority has ordered Securities America Inc. to pay a $1 million fine and roughly $2 million in restitution to customers for allegedly failing to reasonably supervise certain mutual fund recommendations that allegedly resulted in customers paying unnecessary fees and following recommendations that were not in their best interests.
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December 03, 2025
MVP: Proskauer's Chip Parsons
Chip Parsons of Proskauer Rose LLP worked with alternative investment management giant Ares Management Corp. in closing a $34 billion direct lending fund, helped software investment firm Thoma Bravo expand its credit business and advised private credit solutions manager Antares Capital on its first continuation vehicle, earning him a spot as one of the 2025 Law360 Fund Formation MVPs.
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December 03, 2025
Polsinelli Crypto Co-Leader Joins Duane Morris In Miami
A former co-leader of Polsinelli PC's blockchain and cryptocurrency practice has joined Duane Morris LLP in Miami, the firm announced Wednesday.
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December 03, 2025
StoreDot, Andretti SPAC Ink $800M Fast-Charge Battery Deal
StoreDot Ltd., an Israeli developer of fast-charging electric vehicle batteries, has struck an $800 million deal to go public through a merger with Andretti Acquisition Corp. II, according to a Wednesday announcement, betting that its technology can cut EV charging times to mere minutes.
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December 03, 2025
2 Firms Advise As Marvell Inks Up To $5.5B Celestial AI Deal
Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP are advising Marvell Technology and Celestial AI, respectively, on an up to $5.5 billion deal that will expand Marvell's position in high-speed connectivity for artificial intelligence data centers.
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December 03, 2025
Home Contractor Platform Changes Hands In $190M Deal
California technology company QuinStreet Inc. said Wednesday it will pay a total of $190 million to acquire HomeBuddy, a homeowner-focused digital marketplace for home improvement contractors.
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December 03, 2025
Ares Plugs $350M Into MGT, Valuing Biz At $1.25B
Technology and advisory solutions firm MGT on Wednesday announced that it secured a $350 million investment from private equity giant Ares Management Corp., sending the company's valuation soaring to $1.25 billion.
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December 03, 2025
Ropes & Gray Advises $4.6B Sculptor Real Estate Fund Close
Asset manager Sculptor Capital Management said Wednesday that it has closed an oversubscribed fund at $4.6 billion targeting nontraditional real estate investments.
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December 02, 2025
9th Circ. Tosses Tesla Investor Suit Over Self-Driving Tech
The Ninth Circuit on Tuesday affirmed the dismissal of a suit against Tesla Inc. and its CEO Elon Musk claiming they deceived investors about the capabilities and safety record of the company's self-driving technology, finding the investors failed to plead any actionable false statements, among other issues.
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December 02, 2025
SDNY Head Backs Good Deals For Quick Cooperation By Cos.
Manhattan U.S. Attorney Jay Clayton on Tuesday said he's prepared to offer "real benefits" to corporations facing criminal investigations if they quickly agree to cooperate and compensate victims, ideally in the form of comprehensive, government-wide resolutions.
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December 02, 2025
Banking Regulators Pledge Basel Reset Amid Capital Rethink
Federal banking regulators told House lawmakers Tuesday that they are committed to advancing a fully rebuilt Basel III endgame rule that won't disrupt bank lending or gold-plate its requirements, although they stopped short of promising a capital-neutral result.
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December 02, 2025
Democratic Sens. Press 21 Credit Unions On Overdraft Fees
A trio of Democratic U.S. senators are pressing various credit unions for data and information on their policies concerning fees charged to customers who overdraft or have insufficient funds, in light of the National Credit Union Administration's decision to stop publishing overdraft data, among other things.
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December 02, 2025
Vanguard Investors' Attys Seek $8.3M Fee
Attorneys representing investors that settled with Vanguard for $25 million to end claims the company improperly triggered an asset sell-off that damaged investors asked a Pennsylvania federal court on Tuesday to award them $8.3 million in fees in addition to other expenses.
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December 02, 2025
FDIC Secures Dismissal Of SVB Cayman Deposit Suit
A California federal judge has permanently tossed a suit against the Federal Deposit Insurance Corp. brought by liquidators of the Cayman Islands branch of collapsed Silicon Valley Bank, finding they lack standing to sue the agency and are barred from relitigating issues already decided in bankruptcy court.
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December 02, 2025
Ex-Amerant Bank Exec Claims Retaliation For Whistleblowing
Amerant Bank has been hit with a suit in Florida state court accusing it of ousting a senior vice president for speaking out against alleged prohibited activity at the bank, including several violations the former executive says were carried out by the bank's trust department.
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December 02, 2025
Oberon Says UK REIT Owes $40M Fee For Assura Takeover
A New York investment bank accused a healthcare-focused U.K. real estate investment trust and an affiliate of owing more than $40 million after the bank found a real estate portfolio acquisition target for the REIT, in a suit filed Monday in New York federal court.
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December 02, 2025
Three Arrows Boosts $1.5B FTX Claim Tied To Crypto Winter
The liquidators of defunct crypto hedge fund Three Arrows Capital defended their $1.53 billion claim against FTX months after the failed exchange called it "baseless," telling a Delaware bankruptcy judge that its assets at FTX were sold just weeks before its collapse in what amounts to "classic preference."
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December 02, 2025
Precision Aerospace To Go Public Via $320M SPAC Merger
Precision Aerospace & Defense Group Inc., an engineering and manufacturing supplier to the aerospace, defense and space industries, has agreed to go public through a merger with FACT II Acquisition Corp., a special purpose acquisition company.
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December 02, 2025
Software-Focused Growth Equity Firm Wraps $375M Fund
Software-specialist growth equity firm Expedition Growth Capital on Tuesday revealed that it clinched its third fund after securing $375 million of investor commitments.
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December 02, 2025
MVP: Paul Weiss' Matthew B. Goldstein
Matthew Goldstein of Paul Weiss Rifkind Wharton & Garrison LLP helped top asset management firm Apollo Global Management raise billions of dollars in capital and close out several of the group's investment funds in a complicated economic climate, earning him a spot as one of the 2025 Law360 Fund Formation MVPs.
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December 02, 2025
$4.6M Garnet Health Deal Over Retirement Plan Gets Initial OK
A New York federal judge granted initial approval Tuesday to a $4.6 million class action settlement between Garnet Health Medical Center and workers who challenged their employee retirement plan's fees and investments, which comes after parties reported a deal to end the case in September.
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December 02, 2025
Trio Of Firms Advises On Planned $500M Eventbrite Sale
Eventbrite Inc. said on Tuesday it has agreed to be acquired by Italian technology company Bending Spoons in an all-cash deal valuing the event management platform at about $500 million and steered by three law firms.
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December 02, 2025
Kalshi's Valuation Soars To $11B After $1B Funding Round
Prediction market platform Kalshi, advised by Cooley LLP, revealed Tuesday that it reached an $11 billion valuation after wrapping its latest funding round with $1 billion of investor commitments.
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December 01, 2025
Fed Sees Shrinking Number Of Open Exam Findings At Banks
The Federal Reserve on Monday reported broad declines in open supervisory issues at financial institutions under its oversight during the first half of the year, a shift that comes as the Trump administration is pursuing efforts to rein in examiner criticism of banks.
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December 01, 2025
DC Circ. Wonders If SEC Arbitration Decision Was Too Brief
At least one judge on the D.C. Circuit wondered Monday whether the SEC presented too "bare bones" of an opinion when rejecting a petition to amend three long-running arbitration rules adopted by the Financial Industry Regulatory Authority.
Expert Analysis
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Nev. Steps Up Efforts To Attract Incorporations With New Law
Recent amendments to Nevada corporate law, which will narrow controlling stockholders’ liability, streamline mergers and allow companies to opt out of jury trials, show the interstate competition to attract new and reincorporating companies is still heating up, say attorneys at Simpson Thacher.
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ABA Opinion Makes It A Bit Easier To Drop A 'Hot Potato'
The American Bar Association's recent ethics opinion clarifies when attorneys may terminate clients without good cause, though courts may still disqualify a lawyer who drops a client like a hot potato, so sending a closeout letter is always a best practice, say attorneys at Thompson Hine.
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How Trump's Trade Policies Are Shaping Foreign Investment
Five months into the Trump administration, investors are beginning to see the concrete effects of the president’s America First Investment Policy as it presents new opportunities for clearing transactions more quickly, while sustaining risk aversion related to Chinese trade and potentially creating different political risks, say attorneys at Covington.
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How Trump Admin Treasury Policies Are Reaching Banks
The Treasury Department has emerged as an important facilitator of the Trump administration's financial policies affecting banks, which are now facing deregulation domestically and the use of international economic authorities in cross-border trade and investment, say attorneys at Davis Polk.
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Series
My Opera And Baseball Careers Make Me A Better Lawyer
Though participating in opera and the world of professional baseball often pulls me away from the office, my avocations improve my legal career by helping me perform under scrutiny, prioritize team success, and maintain joy and perspective at work, says Adam Unger at Herrick Feinstein.
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Policy Shifts Bring New Anti-Money Laundering Challenges
In the second half of 2025, the U.S. anti-money laundering regulatory landscape is poised for decisive shifts in enforcement priorities, compliance expectations and legislative developments — so investment advisers and other financial institutions should take steps to prepare for potential new obligations and areas of risk, say attorneys at Linklaters.
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8 Ways Lawyers Can Protect The Rule Of Law In Their Work
Whether they are concerned with judicial independence, regulatory predictability or client confidence, lawyers can take specific meaningful actions on their own when traditional structures are too slow or too compromised to respond, says Angeli Patel at the Berkeley Center of Law and Business.
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Assessing New Changes To Texas Officer Exculpation Law
Consistent with Texas' recent modernization of its corporate law, the recently passed S.B. 2411 allows officer exculpation, streamlines certificate of formation amendments, authorizes representatives to act on shareholders' behalf in mergers and makes other changes aimed toward companies seeking a more codified, statutory model of corporate governance, say attorneys at Bracewell.
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Is SEC Moving Away From Parallel Insider Trading Cases?
The U.S. Securities and Exchange Commission's apparent lack of follow-up in four recent criminal cases of insider trading brought by the Justice Department suggests the SEC may be reconsidering the expense and effort of bringing parallel civil charges for insider trading, say attorneys at Dentons.
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Series
Law School's Missed Lessons: Communicating With Clients
Law school curricula often overlook client communication procedures, and those who actively teach this crucial facet of the practice can create exceptional client satisfaction and success, says Patrick Hanson at Wiggam Law.
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Rocket Mortgage Appeal May Push Justices To Curb Classes
Should the U.S. Supreme Court agree to hear Alig v. Rocket Mortgage, the resulting decision could limit class sizes based on commonality under Rule 23 of the Federal Rules of Evidence as opposed to standing under Article III of the U.S. Constitution, say attorneys at Carr Maloney.
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Series
Adapting To Private Practice: From US Rep. To Boutique Firm
My transition from serving as a member of Congress to becoming a partner at a boutique firm has been remarkably smooth, in part because I never stopped exercising my legal muscles, maintained relationships with my former colleagues and set the right tone at the outset, says Mondaire Jones at Friedman Kaplan.
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Opinion
IRS Should Work With Industry On Microcaptive Regs
The IRS should engage with microcaptive insurance owners to develop better regulations on these arrangements or risk the emergence of common law guidance as taxpayers with legitimate programs seek relief in the federal courts, says Dustin Carlson at SRA 831(b) Admin.
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Opinion
Senate's 41% Litigation Finance Tax Would Hurt Legal System
The Senate’s latest version of the Big Beautiful Bill Act would impose a 41% tax on the litigation finance industry, but the tax is totally disconnected from the concerns it purports to address, and it would set the country back to a time when small plaintiffs had little recourse against big defendants, says Anthony Sebok at Cardozo School of Law.
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Series
Performing As A Clown Makes Me A Better Lawyer
To say that being a clown in the Macy’s Thanksgiving Day Parade has changed my legal career would truly be an understatement — by creating an opening to converse on a unique topic, it has allowed me to connect with clients, counsel and even judges on a deeper level, says Charles Tatelbaum at Tripp Scott.