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Asset Management
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March 05, 2026
Ex-Wells Fargo Worker's Atty Fee Bid Denied, For Now
A federal judge rejected a request for attorney fees by a former Wells Fargo worker who won a $22 million Americans with Disabilities Act verdict, saying he will consider the motion again after the Fourth Circuit renders its decision in the bank's appeal.
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March 05, 2026
Tire Co. Can't Break Free From Ex-Worker's 401(k) Suit
An Arizona federal judge refused to dismiss a proposed class action against a tire and wheel retailer alleging mismanagement of a $1.2 billion employee 401(k) plan, holding that an ex-worker sufficiently backed up claims that an underperforming suite of target-date fund investments violated federal benefits law.
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March 05, 2026
Atty's Scheduling Error Dooms Appeal In AT&T Forfeiture Suit
An AT&T worker can't ask the Ninth Circuit to review the dismissal of his proposed class action claiming the telecommunications company misused forfeited 401(k) funds, with a California federal judge saying his attorney's busy schedule was "one of the least compelling excuses" for filing a late appeal.
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March 05, 2026
Enviri, Veolia's $3B Clean Earth Deal Gets US Antitrust Nod
Enviri Corp. has disclosed the early termination of the waiting period under the Hart-Scott-Rodino Act for its planned sale of Clean Earth to Veolia Environnement SA for more than $3 billion.
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March 05, 2026
ERISA Recap: 6 Developments To Remember From Feb.
The Second Circuit refused to boot a former Luxottica worker's proposed class claims into solo arbitration, a Texas federal judge declined to snuff out a tobacco fee suit against 7-Eleven and a healthcare company inked a $43 million deal to wrap a case over how it handled 401(k) plan forfeitures. Here's a look back at six noteworthy moves in Employee Retirement Income Security Act cases from last month.
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March 05, 2026
Galvanize Caps $370M Fund To Decarbonize Real Estate
Galvanize raised $370 million for a fund to invest in undercapitalized commercial buildings in the U.S. and modernize them with energy efficiency upgrades, the company said.
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March 05, 2026
SpaceX Taps Citigroup For Planned IPO, Plus More Rumors
SpaceX has added Citigroup to its lineup of banks leading its planned blockbuster initial public offering, Thrive Capital and Andreessen Horowitz are co-leading an investment in defense company Andural Industries that could value it at $60 billion, and Indian payments platform PhonePe is preparing plans for an initial public offering that would value it at $10.5 billion.
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March 04, 2026
Chubb, BJ's Wholesale Sued Over Proxy Ballot Exclusions
Chubb Ltd. and BJ's Wholesale Club Holdings Inc. have been hit with shareholder suits over their moves to exclude certain proposals from their proxy ballots this year after other corporations facing similar litigation recently relented and agreed to include the proposals.
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March 04, 2026
Ex-NFL Player Challenges Adviser's Late Payment Demand
Retired NFL player Mike Rucker and his wife on Wednesday urged North Carolina's business court not to let their former financial adviser countersue them for nonpayment, arguing he can't decide after 20 years that he deserves compensation when that was never the agreement.
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March 04, 2026
NC Judge Trims Co.'s $116M Investment Coverage Dispute
A North Carolina state court has trimmed a company's suit claiming that its insurer obstructed its recovery of more than $116 million in coverage for an investment that didn't pay out on time, tossing a breach of contract claim while preserving bad faith and statutory violation claims.
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March 04, 2026
Construction Co. Hammers Out Deal In 401(k) Fee Suit
A construction company has agreed to settle a suit claiming it stood by while its retirement plan was overcharged in management fees, causing workers to lose out on millions of dollars in savings, according to a California federal court filing.
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March 04, 2026
Retirees' TIAA Rollover Advice Fee Suit Trimmed
A New York federal judge on Wednesday narrowed a proposed class action alleging the Teachers Insurance Annuity Association of America and its affiliates violated federal benefits law by coercing retirees into higher-cost managed accounts, holding individual retirees lacked standing to sue on behalf of participants in thousands of other plans.
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March 04, 2026
Kensington Capital SPAC Raises $200M For Auto Ventures
Kensington Capital Acquisition VI, a blank-check company led by the founder of Kensington Capital targeting the auto industry, began trading Wednesday after it raised $200 million by offering 20 million units at $10 each.
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March 04, 2026
SEC, PCAOB Auditor Enforcement Plummeted In 2025
Both the U.S. Securities and Exchange Commission and the Public Company Accounting Oversight Board saw decreases in accounting and auditing enforcement activity in 2025, including sharp decreases in SEC settlements and PCAOB fines for auditing actions.
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March 03, 2026
Ex-SEC Attys Back Disgorgement Limits Before High Court
Nearly two dozen former U.S. Securities and Exchange Commission attorneys are among those urging the U.S. Supreme Court to put an end to the agency collecting disgorgement from those accused of wrongdoing without first identifying victims of the alleged fraud at hand.
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March 03, 2026
Former Iowa Biz President Convicted Of Bankruptcy Crimes
The former president of a defunct Iowa telecommunications and infrastructure business has been convicted by a jury of concealing assets and making false statements in his personal bankruptcy proceeding, federal prosecutors announced Tuesday.
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March 03, 2026
Wealth Management Firm Sued Over 5.7M Record Breach
A wealth management firm was hit with a proposed class action in Colorado federal court by a client who alleges that an extortion-driven cyberattack by the hacking group ShinyHunters exposed approximately 5.7 million individual records containing sensitive personal information.
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March 03, 2026
SoftBank-Backed PayPay Launches Plans For $1B IPO
Japanese mobile payment app PayPay, a subsidiary of SoftBank Group Corp., said it anticipates a $1 billion initial public offering, represented by Simpson Thacher & Bartlett LLP and underwriters counsel Davis Polk & Wardwell LLP.
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March 03, 2026
Ex-Morgan Stanley Adviser Guilty Of Defrauding NBA Clients
A Manhattan federal jury on Tuesday convicted a former Morgan Stanley investment adviser on fraud charges, for allegedly defrauding NBA player clients by overcharging them for life insurance investments and misappropriating funds.
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March 03, 2026
Judge Appoints Receiver For Crypto Co. Over $328M Scheme
A Florida judge appointed a receiver Tuesday in a lawsuit against cryptocurrency company Goliath Ventures Inc. after expressing concerns about the company's assets following the arrest last week of its CEO on charges that he was operating a $328 million Ponzi scheme at Goliath.
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March 03, 2026
3rd Circ. Upholds Dismissal Of $800K Union Pension Suit
A split Third Circuit panel said Tuesday it won't revive allegations that two companies owe about $800,000 to a union pension fund, ruling that a New Jersey federal judge properly tossed the claim because the fund waited eight years to tell the companies they owed the money.
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March 03, 2026
3 Firms Build $3.25B Sale Of MW Components, CPM
Private equity shop American Securities on Tuesday announced that it has agreed to sell two of its portfolio companies to U.K.-based Rosebank Industries Plc in a deal that boasts an enterprise value of $3.25 billion and was built by three firms.
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March 03, 2026
3 Firms Steer Canadian REIT's $441M Go-Private Acquisition
Miller Thomson LLP, Stikeman Elliott LLP and Torys LLP advised a take-private deal for European Residential Real Estate Investment Trust in a $441 million acquisition by another REIT, following a multiyear wind-down.
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March 03, 2026
Union Fund Drops Boston Globe Pension Dispute
A union pension fund has dropped its lawsuit alleging that the Boston Globe failed to pay monthly contributions and provide records of the hours its employees worked, according to a filing in D.C. federal court.
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March 03, 2026
Kirkland-Led O2 Closes 5th Fund With $670M In Tow
Kirkland & Ellis LLP-advised private equity shop O2 Investment Partners on Tuesday announced that it wrapped its fifth fund with $670 million in tow.
Expert Analysis
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4 Quick Emotional Resets For Lawyers With Conflict Fatigue
Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.
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Series
Playing Tennis Makes Me A Better Lawyer
An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.
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What To Expect From Justices' 401(k) Ruling, DOL Rulemaking
The U.S. Supreme Court's upcoming ruling in Anderson v. Intel, addressing alternative assets in defined contribution plans, coupled with the U.S. Department of Labor's recently proposed regulation on fiduciary duties in selecting alternative investments, could alleviate the litigation risk that has impeded wider consideration of such investments, say attorneys at Ropes & Gray.
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Series
Judges On AI: How Judicial Use Informs Guardrails
U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.
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Cybersecurity Must Remain Financial Sector's Focus In 2026
In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.
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Series
Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief
My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.
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Navigating The New Wave Of Voluntary Benefit ERISA Suits
Four recent complaints claiming that employees pay unreasonable premiums for voluntary benefit programs contribute to a trend in Employee Retirement Income Security Act class actions targeting employers and benefits consultants over such programs, increasing scrutiny of how the programs are selected, priced and administered, say attorneys at Holland & Knight.
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Series
Law School's Missed Lessons: How To Start A Law Firm
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.
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5 Compliance Takeaways From FINRA's Oversight Report
The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.
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How SEC Civil Penalties Became Arbitrary: 3 Potential Fixes
Data shows that the U.S. Securities and Exchange Commission's seemingly unlimited authority to levy monetary penalties on market participants has diverged far from the federal securities laws' limitations, but three reforms can help reverse the trend, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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How Payments Law Landscape Will Evolve In 2026
After a year of change across the payments landscape, financial services providers should expect more innovation and the pushing of regulatory boundaries, but should stay mindful that state regulators and litigation will continue to challenge the status quo, say attorneys at Troutman.
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How SEC Civil Penalties Became Arbitrary: The Data
Data regarding how the U.S. Securities and Exchange Commission has adhered to its own civil penalty rules over the past 20 years reveals that awards are no longer determined in accordance with the guidelines imposed on the SEC by the securities laws, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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Series
Hosting Exchange Students Makes Me A Better Lawyer
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.
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How SEC Civil Penalties Became Arbitrary: The Framework
An examination of how the U.S. Securities and Exchange Commission has recently applied guidelines governing the imposition of monetary penalties in enforcement actions shows that civil penalty awards in many cases are inconsistent with the rules established to structure them, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.
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How A 1947 Tugboat Ruling May Shape Work Product In AI Era
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.