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Asset Management
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November 12, 2025
Ex-Aerotech Workers Push For Class Cert. In ESOP Suit
Former Aerotech Inc. employees who have accused the motion control solutions company of mismanaging its employee stock ownership plan urged a Pennsylvania federal court Wednesday to certify a class of plan beneficiaries and participants, saying they easily satisfied requirements for class certification.
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November 12, 2025
Reed Smith Facilitated Jet Repossession Ploy, Suit Claims
Reed Smith LLP and two of its attorneys are facing claims of improperly facilitating an attempted repossession of an aviation company's plane, purportedly representing the company's lender while actually working for an alternative investment firm angling to seize the plane.
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November 12, 2025
Energy Co. Agrees To Class Status In 401(k) Fee Suit
NextEra Energy told a Florida federal court Wednesday that it agreed to the certification of a 20,000-member class in a lawsuit claiming the company misused forfeited 401(k) plan funds and allowed the plan's recordkeeper to charge excessive fees.
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November 12, 2025
Providence Health Nears ERISA Deal Over 401(k) Admin Costs
Providence Health & Services has reached a tentative deal to resolve a proposed class action accusing the nonprofit healthcare system of misspending millions of dollars in forfeited employer retirement contributions in violation of federal benefits law, the parties told a Seattle federal judge.
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November 12, 2025
'Weird' Bikini Trust Fight Flipped To Summary Judgment Bid
Calling the dispute over two Bikini Atoll resettlement trusts "weird," "strange" and "very unusual," during a Wednesday hearing, a Delaware Chancery judge converted a motion to dismiss into a motion for summary judgment, ruling the allegations of starvation, coercion and withheld information require factual development before any legal conclusions can be drawn.
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November 12, 2025
Foley-Led AO Smith Buys Leonard Valve In $470M Deal
Water technology company A.O. Smith Corp., led by Foley & Lardner LLP, on Wednesday announced plans to buy Leonard Valve in a $470 million all-cash deal.
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November 10, 2025
Law360 MVP Awards Go To Top Attorneys From 76 Firms
The attorneys chosen as Law360's 2025 MVPs have distinguished themselves from their peers by securing significant achievements in high-stakes litigation, complex global matters and record-breaking deals.
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November 10, 2025
GTCR's $627M Medical Coatings Acquisition Can Get Moving
GTCR BC Holdings LLC can continue with its plan to acquire the nation's leading medical coatings supplier and merge it with the nation's second leading provider while federal regulators challenge the transaction in-house, an Illinois federal judge said Monday, refusing to halt the deal.
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November 10, 2025
IRS Sets Safe Harbor For Trusts Staking Digital Assets
Investment and grantor trusts can stake their digital assets — which can generate passive income — without losing their tax benefits if they meet certain requirements, including obtaining approval from the U.S. Securities and Exchange Commission to authorize such activities, the Internal Revenue Service said in a revenue procedure Monday.
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November 10, 2025
Ex-Oura CEO Claims He Was Stiffed On Promised Stock
The former CEO of Oura Health has sued the smart ring maker in California federal court, claiming that despite working "tirelessly" and growing the health technology company into a multibillion-dollar success, he was ousted and the company's board reneged on promises to give him millions in stock options.
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November 10, 2025
RICO Defendant With $71M Verdict Warned Of Jail Time
A Texas federal judge told a man who is on the hook for a $71 million judgment after he ran a shakedown scheme against an investment management company that he had better hand over his financial records, saying Monday the alternative would include a trip to the local jail.
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November 10, 2025
Apollo Sports Capital Takes Majority Stake In Atlético Madrid
Apollo Sports Capital, guided by Allen Overy Shearman Sterling, said Monday it will acquire a majority stake in Spanish soccer club Atlético de Madrid, but did not disclose financial details.
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November 10, 2025
Kirkland Guides KKR'S $2.2B Novaria Sale To Arcline
Private equity giant KKR announced Monday plans to sell Texas-based aerospace component-supplier Novaria Group to Arcline Investment Management in an all-cash transaction valued at $2.2 billion, guided by Kirkland & Ellis LLP for KKR and Novaria, and Ropes & Gray LLP and Paul Hastings LLP for Tennessee-based Arcline.
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November 10, 2025
US Bank Settles 401(k) Recordkeeping Fee Class Action
U.S. Bancorp and a class of participants in the company's employee 401(k) plan told a Minnesota federal court on Monday that they had reached a settlement deal to resolve workers' allegations that the plan paid excessive recordkeeping fees in violation of federal benefits law.
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November 07, 2025
Athena Bitcoin Hit With Class Action Over Consumer Fees
Athena Bitcoin Inc., an operator of so-called bitcoin automated teller machines, was hit with a consumer's proposed class action in Florida federal court accusing it of charging customers excessive and undisclosed fees and operating without a proper money transmitting license.
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November 07, 2025
Financial Advising Firms Face Class Action Over Data Breach
Two financial advising companies are facing a proposed class action in Colorado state court that alleges the firms failed to take steps to prevent a data breach that compromised customers' private information, including names and Social Security numbers.
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November 07, 2025
Pension Corp. Installs EEOC Ex-Chair Dhillon As Director
The Pension Benefit Guaranty Corp. swore in former U.S. Equal Employment Opportunity Commission chair and commissioner Janet Dhillon as the 17th director of the federal agency, which runs two insurance programs backstopping the nation's single and multiemployer defined-benefit pension plans.
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November 07, 2025
3 Firms Guide Dubai Hookah Maker's $1.75B SPAC Merger
Three law firms are guiding Dubai hookah brand owner AIR Ltd. on its agreement to go public in the U.S. through a $1.75 billion deal with blank-check firm Cantor Equity Partners III, the companies said on Friday.
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November 07, 2025
ERISA Recap: 6 Things Attys May Have Missed In Oct.
Two appeals court judges used a decision in an employee stock ownership plan case to urge the full Eleventh Circuit to rethink its requirements for filing federal benefits suits, a marketing company shut down a 401(k) forfeiture case, and CVS and Duke University were hit with new suits. Here, Law360 looks back at six noteworthy ERISA developments from last month.
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November 07, 2025
Laborie Buys Postpartum Bleeding Device For Up To $465M
Medical technology company Laborie Medical Technologies, advised by Simpson Thacher & Bartlett LLP and Cooley LLP, unveiled plans Friday to acquire a postpartum uterine bleeding device from New Jersey-based healthcare company Organon for up to $465 million.
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November 06, 2025
Pair Of Health-Focused Startups Net $423M In Combined IPOs
Two startups, spanning the diagnostics and biotechnology sectors, began trading on Thursday after raising a combined $423 million in initial public offerings, guided by three law firms, as more companies continue going public despite a historic government shutdown that has reduced staffing at the U.S. Securities and Exchange Commission.
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November 06, 2025
AI-Powered Parking Lot Startup Metropolis Raises $1.6B
Parking payments artificial intelligence company Metropolis Technologies Inc. on Thursday revealed that it reached a $5 billion valuation after raising $1.6 billion of debt and equity fundraising.
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November 06, 2025
4 Firms Guide Go-Private Deal, $1.16B Casinos Sale
Gaming and hospitality company Golden Entertainment Inc.'s CEO Blake L. Sartini and affiliates have agreed to buy the company's operating assets, while real estate investment trust VICI Properties Inc. also agreed to pay $1.16 billion for a seven-property Golden Entertainment portfolio, Golden Entertainment and VICI announced Nov. 6.
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November 06, 2025
AI Developer Made $100M By Dumping Tokens, Suit Says
A purported open-source artificial intelligence developer has been hit with a proposed class action accusing it of reaping over $100 million in ill-gotten gains by manipulating a token merger and breaching a covenant to develop AI tools in an "ethical and acceptable manner."
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November 06, 2025
Charles Schwab Making $660M Push Into Private Markets
The Charles Schwab Corp. said Thursday it has agreed to acquire Forge Global Holdings Inc. in a transaction valued at approximately $660 million, in a deal guided by three firms that marks the financial services company's latest effort to dive deeper into private markets.
Expert Analysis
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Series
Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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Courts Keep Upping Standing Ante In ERISA Healthcare Suits
As Article III standing becomes increasingly important in litigation brought by employer-sponsored health plan members under the Employee Retirement Income Security Act, several recent cases suggest that courts are taking a more scrutinizing approach to the standing inquiry in both class actions and individual matters, say attorneys at Crowell & Moring.
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How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.
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CFPB Proposal Defining Consumer Risk May Add Uncertainty
Though a recent Consumer Financial Protection Bureau proposal would codify when risks to consumers justify supervisory intervention against nonbanks, furthering Trump administration plans to curtail CFPB authority, firms may still struggle to identify what could attract supervisory designation under the new rule, say attorneys at Steptoe.
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Atkins-Led SEC Continues Focus On Private Funds
Since the change in administration, there has overall been a more accommodative regulatory stance toward private funds, but a recent enforcement action suggests that the U.S. Securities and Exchange Commission is not backing off from enforcement in the space completely, say attorneys at Simpson Thacher.
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9th Circ. Ruling Leaves SEC Gag Rule Open To Future Attacks
Though the Ninth Circuit's recent ruling in Powell v. U.S. Securities and Exchange Commission leaves the SEC's no-admit, no-deny rule intact, it could provide some fodder for litigants who wish to criticize the commission's activities either before or after settling with the commission, says Jonathan Richman at Brown Rudnick.
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Series
Writing Musicals Makes Me A Better Lawyer
My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.
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Series
Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
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Rebutting Price Impact In Securities Class Actions
Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.
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7 Document Review Concepts New Attorneys Need To Know
For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.
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Stablecoin Committee Promotes Uniformity But May Fall Short
While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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Parsing Trump Admin's First 6 Months Of SEC Enforcement
The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding.
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Series
Being A Professional Wrestler Makes Me A Better Lawyer
Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.
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SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'
The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.