Asset Management

  • December 09, 2025

    Cooley-Led Saviynt Valued At $3B After $700M Funding Round

    Cooley LLP-guided identity security company Saviynt on Tuesday revealed it had reached a $3 billion valuation after closing a $700 million Series B growth equity financing round, with the funding to be used as growth capital to expand and accelerate product development.

  • December 09, 2025

    US Asks 5th Circ. To Revive ACA Employer Tax Penalties

    The IRS properly penalized a janitorial services company for failing to provide employees with healthcare coverage under the Affordable Care Act, the U.S. government said, urging the Fifth Circuit to reverse a Texas federal court ruling that voided regulations promulgating the penalties.

  • December 09, 2025

    Wells Fargo $84M ERISA Stock Option Suit Deal Initially OK'd

    A Minnesota federal court gave its initial sign-off to an $84 million settlement that Wells Fargo & Co. agreed to pay to end a class action alleging that the bank ran afoul of federal benefits law when it used dividends earned by its employee stock ownership plan to meet its 401(k) matching obligations.

  • December 08, 2025

    4th Circ. Backs EIDP In Dispute Over Annuity Reductions

    The Fourth Circuit backed agricultural chemical giant EIDP Inc. and its retirement plan administrator in a Monday opinion, finding that unambiguous contract language doomed the revival of a lawsuit from a retired employee who said his monthly benefit was unfairly reduced.

  • December 08, 2025

    SEC Says Hedge Fund Manager's Driver Ran $1M Fraud

    A former administrative assistant at a New York hedge fund has agreed to settle U.S. Securities and Exchange Commission allegations that he caused three investors to lose $1 million after falsely holding himself out as a financial professional at the firm, when in fact he was just a personal driver to the firm's founder.

  • December 08, 2025

    Ex-Kellogg Worker's Suit Over 401(k) Fees Tossed For Good

    Kellogg escaped a former employee's proposed class action alleging the food manufacturer lost its workers millions in retirement savings because of excessive recordkeeping fees, after a Michigan federal judge ruled Monday that the allegations failed to state a claim for violating federal benefits law. 

  • December 08, 2025

    Tax Services Provider Andersen Launches $165M IPO Plans

    Tax and legal services provider Andersen Group launched plans for an estimated $165 million initial public offering, according to a filing with the U.S. Securities and Exchange Commission on Monday.

  • December 08, 2025

    3 Firms Advise Antero Natural Gas Asset Buy From HG Energy

    With Vinson & Elkins LLP, Latham & Watkins LLP and Kirkland & Ellis LLP advising, natural gas company Antero Resources Corp. announced an expansion Monday by paying $2.8 billion for assets from HG Energy, while an affiliate reached a separate $1.1 billion acquisition deal with the privately held company.

  • December 08, 2025

    4 Firms Lead $1.51B TC Transcontinental Packaging Deal

    Private equity-backed ProAmpac on Monday unveiled plans to acquire TC Transcontinental Packaging from TC Transcontinental in a $1.51 billion deal built by four law firms.

  • December 08, 2025

    Smith & Nephew Settles 401(k) Fee Dispute

    A Massachusetts federal judge stayed a proposed federal benefits class action Monday against Smith & Nephew that accused the medical device company of imposing excessive fees on an employee 401(k) plan, after the parties told the court they had agreed to settle their dispute.

  • December 08, 2025

    Hilton Retirees Push DC Circ. To Reopen Pension Case

    A panel of D.C. Circuit judges appeared to agree Monday that a class of over 20,000 Hilton employees hadn't justified its request for detailed discovery on the hotel chain's compliance with a 14-year-old injunction requiring it to pay additional retirement benefits.

  • December 08, 2025

    Paul Weiss Guides IBM On $11B Buy Of Cooley-Led Confluent

    Tech company IBM, advised by Paul Weiss Rifkind Wharton & Garrison LLP, on Monday unveiled plans to acquire data streaming company Confluent, led by Cooley LLP, in an $11 billion deal.

  • December 08, 2025

    $32M Malpractice Suit Was Filed Too Late, Judge Says

    A federal magistrate judge recommended tossing a lawsuit accusing Zeichner Ellman & Krause LLP and one of its partners of aiding a scheme to divert tens of millions of dollars from the Orly Genger 1993 Trust, finding on Friday that every claim lodged by the trust's assignee is barred by the statute of limitations.

  • December 08, 2025

    Morgan Lewis Expands UAE Team With 2 Dubai Partners

    Morgan Lewis & Bockius LLP has added two asset management partners to its Dubai office to help guide clients through the Middle East's evolving regulatory landscape and growing investment opportunities, the firm announced Monday.

  • December 05, 2025

    Calif. Agency Hires Ex-DOJ Crypto Enforcement Director

    The California Department of Financial Protection and Innovation has brought on a new general counsel who previously served in leadership positions with the U.S. Department of Justice, including director of its cryptocurrency enforcement team.

  • December 05, 2025

    Virtual Asset Fund Sues Game Dev Over Delays, NFT Fraud

    An investment fund specializing in virtual "real estate" has accused a game developer of violating securities laws and breaching an agreement by failing to timely deliver an unregistered NFT associated with its unreleased game.

  • December 05, 2025

    7th Circ. Backs Distribution Of $2.5M In Fraud Funds

    The Seventh Circuit on Thursday rejected a real estate banking business's argument it should have been prioritized over other investors for proceeds from the liquidation of assets related to an alleged $135 million Ponzi scheme, and affirmed a lower court's finding it would have learned of those other investors' interests on two Chicago properties with a more diligent inquiry.

  • December 05, 2025

    OCC, FDIC Scrap Obama-Era Leveraged Lending Guidance

    The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. on Friday formally withdrew from Obama-era guidance that sought to tighten bank leveraged lending standards, a policy that banks argued hamstrung them against nonbank rivals.

  • December 05, 2025

    Iraqi Kurdish Gov't To Fight Immunity Ruling In $490M Feud

    The Kurdistan Regional Government of Iraq will appeal a ruling denying its sovereign immunity defense in litigation filed by a subsidiary of Kuwaiti logistics firm Agility Public Warehousing Co. to enforce a $490 million judgment against it.

  • December 05, 2025

    BofA Says Northrop 401(k) Suit Toss Backs 4th Circ. Appeal

    Bank of America urged a North Carolina federal court Friday to let it appeal an earlier decision denying dismissal of a proposed class action alleging forfeitures were misspent from workers' employee 401(k) plan, arguing a Virginia federal court's decision tossing similar claims against Northrop Grumman supported its bid.

  • December 05, 2025

    ERISA Recap: 4 Rulings Worth Paying Attention To From Nov.

    The Ninth Circuit striking down a class action win for transgender employee health plan participants who said their gender-affirming care denials were discriminatory is just one noteworthy Employee Retirement Income Security Act ruling from November. Here's a recap of that ruling and three others.

  • December 05, 2025

    Cancer Detection Biz Going Public Via $1.1B SPAC Merger

    Cancer detection company Freenome Holdings Inc. announced plans Friday to go public through a merger with special purpose acquisition company Perceptive Capital Solutions Corp. in a deal that gives the combined business a post-transaction equity value of $1.1 billion and was built by three law firms.

  • December 05, 2025

    2nd Circ. Backs Ex-Goldman Exec's 1MDB Conviction

    Former Goldman Sachs managing director Roger Ng's attempt to overturn his conviction in the $6.5 billion 1MDB corruption scheme hit a wall Friday at the Second Circuit, where a panel categorically rejected his multipronged appeal.

  • December 05, 2025

    Paul Hastings Steers ITT's $4.8B Purchase Of Lone Star's SPX

    Paul Hastings is guiding ITT Inc. on an agreement to acquire industrial equipment maker SPX Flow Inc. from Lone Star Funds for $4.775 billion in cash and stock, according to an ITT announcement Friday.

  • December 04, 2025

    1st Spot Crypto Market To Launch Amid CFTC 'Crypto Sprint'

    Derivatives exchange Bitnomial said Thursday it is poised to launch the first spot crypto exchange regulated by the U.S. Commodity Futures Trading Commission, with guidance from Katten Muchin Rosenman LLP.

Expert Analysis

  • How Litigating Antitrust Fix Helped GTCR Prevail In Court

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    An Illinois federal judge's recent denial of the Federal Trade Commission's injunction request in the GTCR acquisition of Surmodics joins a developing series of cases in which deal parties have prevailed against government antitrust challenges by proposing a post-complaint fix and litigating the as-amended deal, say attorneys at Paul Weiss.

  • What Narrower FinCEN Reporting Spells For Industry

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    As compliance costs soar, the potential slimming down of the Financial Crimes Enforcement Network's anti-money laundering and countering the financing of terrorism regime is welcome news for banks, and would allow a shift in resources to ever-evolving cybercrime threats, say attorneys at Quarles & Brady.

  • How Nasdaq, SEC Proposals May Transform Listing Standards

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    Both Nasdaq and the U.S. Securities and Exchange Commission have increasingly focused their recent regulatory efforts on small and foreign issuers, particularly those from China, reflecting an intention to strengthen the overall quality of companies accessing U.S. markets, but also potentially introducing a chilling effect on certain issuers, say attorneys at Norton Rose.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

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    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

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    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.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    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.

  • How Cos. Can Prep For Tightened Calif. Data Breach Notices

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    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.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    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.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    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.

  • Why Appellees Should Write Their Answering Brief First

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    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.

  • Questions To Ask Your Client When Fraud Taints Financing

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    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.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    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.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    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.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    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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