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Asset Management
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January 09, 2026
FINRA Fines Wells Fargo Unit $1.25M For Close-Out Failures
Wells Fargo has agreed to pay $1.25 million to resolve the Financial Industry Regulatory Authority's claims that during a seven-year period, the bank's clearing and custody services unit left certain transactions in municipal securities unresolved for longer than it was supposed to.
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January 09, 2026
Fintech Co. Ends Botched-Valuation Suit Against Ga. Firm
A British fintech company has resolved its suit against Atlanta-based accounting firm Frazier & Deeter LLC over an allegedly botched stock valuation.
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January 09, 2026
Vanguard Investors Win Final OK For $25M Tax Suit Deal
A Pennsylvania federal judge finalized a $25 million settlement to end a class action accusing Vanguard of triggering an asset sell-off that saddled investors with capital gains taxes, handing the investors' attorneys more than $8 million in fees.
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January 09, 2026
Fintech-Focused Lafayette Digital SPAC Prices $250M Offering
Special purpose acquisition company Lafayette Digital Acquisition I began trading publicly Friday after raising $250 million in its initial public offering, with plans to target the financial services and technology industries.
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January 09, 2026
4 Argument Sessions That Benefits Attys Should Watch In Jan.
The U.S. Supreme Court will zero in on the methodology for assessing liability for pulling out of a multi-employer pension fund, and the circuit courts will hear bids to revive suits over alleged 401(k) mismanagement and deferred compensation. Here, Law360 looks at a quartet of oral arguments coming up in January.
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January 09, 2026
3rd Circ. Upholds Prudential's Win In 401(k) Suit
A Third Circuit panel on Friday upheld the dismissal of a suit alleging a class of Prudential Insurance Co. workers was deprived of millions of dollars in their retirement plans through mismanagement, agreeing with the lower court's holding that Prudential made careful investment decisions.
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January 09, 2026
Couple Fights To Send Annuity Fraud Case To State Court
A retired U.S. Navy veteran and his wife, who are accusing Ameritas Mutual Holding Co. and Ameritas Life Insurance Company Inc. of orchestrating a fraudulent investment scheme based on the sale of unsuitable equity-indexed annuities, urged a North Carolina federal court to send the case back to state court.
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January 09, 2026
Biotech AirNexis Wraps Funding Round With $200M Raised
Clinical stage biotech firm AirNexis, advised by Fenwick & West LLP, on Friday announced that it wrapped its Series A funding round with $200 million in tow, which will be used to fund the global clinical development of a therapy used for chronic obstructive pulmonary disease.
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January 09, 2026
NC Biz Court Bulletin: Trade Secrets Row, A Patient Data Deal
The North Carolina Business Court closed out the year by tossing a trade secrets fight brought by a corrugated packing manufacturer against its onetime star salesman and signing off on a $2.45 million settlement ending claims a healthcare system sold patients' data to Meta.
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January 09, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen a collapsed investment firm revive a $15 million dispute with a hedge fund, major Hollywood studios bring an IP claim against the U.K.'s largest internet providers over illegal streaming, and the Department of Health and Social Care sue the law firm and barrister representing it in a pharma competition damages case.
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January 08, 2026
11th Circ. Asked To Undo 'Deeply Flawed' Securities Ruling
Florida-based energy company NextEra Energy Inc. wants the full Eleventh Circuit to reconsider a panel decision to revive an investor lawsuit against the utility operator, asserting that unless undone, the decision would leave the circuit with "the nation's most permissive loss-causation standard."
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January 08, 2026
4 Firms Steer Coincheck's $111M Acquisition Of Crypto Firm
The Netherlands-based holding company of Japanese digital asset exchange Coincheck Group NV has inked an agreement to become the beneficial owner of nearly all shares of Canadian alternative digital asset manager 3iQ Corp. in a deal valued at $111 million. It's guided by Dutch firm De Brauw Blackstone Westbroek, Simpson Thacher & Bartlett LLP in the U.S. and Canadian firms Stikeman Elliott and Wildeboer Dellelce LLP.
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January 08, 2026
SEC Floats Plan To Set Small Fund Definition At $10B
Mutual funds holding $10 billion in assets could soon be categorized as small businesses for the purpose of cutting down on regulatory costs, according to a new proposed rule put forth by the U.S. Securities and Exchange Commission.
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January 08, 2026
Wolfspeed Securities Class Action Sent To NC Federal Court
A securities class action case against chipmaker Wolfspeed Inc. was transferred to North Carolina federal court Wednesday following a New York judge's order directing the movement of the consolidated investor suits over alleged misrepresentations about the company's financial projections.
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January 08, 2026
SEC Defeats Post-Jarkesy Challenge To Industry Bans
A U.S. Supreme Court decision curtailing the U.S. Securities and Exchange Commission's use of its administrative courts does not eliminate the agency's ability to pursue industry bans through in-house proceedings, a D.C. federal judge ruled Thursday.
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January 08, 2026
AI And Data Security Biz Valued At $9B After Funding Round
Artificial intelligence and data security company Cyera on Thursday announced that it reached a $9 billion valuation after wrapping its latest funding round with $400 million of investor commitments.
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January 08, 2026
Chancery Lifts Stay In Ukraine's PrivatBank Bogus Loan Suit
Saying that "it is now clear this case must proceed at some point," a Delaware vice chancellor on Thursday lifted a four-year-long hold on a Ukrainian bank's six-year-old suit accusing two oligarchs and others of lining up billions in fraudulent loans that funneled — or "recycled" — hundreds of millions into real estate investments in the United States.
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January 08, 2026
Trader Gets Win On Subpoena Ahead Of Quant Secrets Trial
A Manhattan federal judge said Thursday that a California quantitative trader accused of stealing billion-dollar secrets from Headlands Technologies has issued an enforceable subpoena to the firm ahead of his July criminal trial and vowed to detail what information must be provided.
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January 08, 2026
4 Executive Pay Trends Attorneys Will Be Watching In 2026
A potentially sweeping overhaul simplifying the U.S. Securities and Exchange Commission's disclosure regime for public company executive compensation will be top of mind for executive pay practitioners as they look for new developments in the coming year. Here's a look at this and three other areas they'll be keeping an eye on.
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January 08, 2026
Cooley-Led Eir Partners Wraps $1B Health Tech Fund
Cooley LLP-advised private equity shop Eir Partners Capital LP on Thursday announced that it wrapped its third fund with $1 billion of investor commitments, which will be used to invest in health technology and technology-enabled services businesses.
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January 08, 2026
Benefit Street Partners Closes $10B Multifamily-Focused Fund
Asset manager Benefit Street Partners said on Jan. 8 it has closed its latest fund at $10 billion, with Ropes & Gray LLP advising, with the fund targeting U.S. commercial real estate investments with a focus on the multifamily sector.
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January 08, 2026
Kirkland-Led Guidepost Wraps 4th Fund With $521M In Tow
Kirkland & Ellis LLP-advised growth equity shop Guidepost Growth Equity on Thursday announced that it clinched its fourth fund above target with $521 million in total investor commitments.
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January 08, 2026
Paul Hastings Hires Shenkman Capital CLO As NY Partner
Shenkman Capital Management's chief legal and compliance officer has returned to BigLaw as an investment funds and private capital partner at Paul Hastings LLP, the firm announced Thursday.
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January 07, 2026
Prime Capital CEO 'Baffled' His Co. Was Sued For $5M
The CEO of Kansas-based Prime Capital Investment Advisors LLC said Wednesday he was "baffled" competitor Wealth Enhancement Group LLC filed a $5 million lawsuit against his company for poaching a Connecticut financial adviser he later fired for alleged misconduct, including misrepresentations during an underlying Minnesota lawsuit.
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January 07, 2026
JPMorgan Unit To Use AI Tool Over Proxy Advisory Firms
JPMorgan Chase's asset management arm has eliminated its reliance on outside advisory firms for data collection and proxy voting recommendations and will instead use an in-house, artificial intelligence-powered tool to aggregate and analyze data from U.S. corporate meetings.
Expert Analysis
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Series
Judging Figure Skating Makes Me A Better Lawyer
Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.
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Series
Calif. Banking Brief: All The Notable Legal Updates In Q3
The third quarter of 2025 brought legislative changes to state money transmission certification requirements and securities law obligations, as well as high-profile accounting and anti-money laundering compliance enforcement actions by the Department of Financial Protection and Innovation, say attorneys at Ropes & Gray.
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What Ethics Rules Say On Atty Discipline For Online Speech
Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo.
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Balancing The Risks And Rewards Of Private Equity In 401(k)s
The recent executive order directing government agencies to consider encouraging private equity and other alternative investments in 401(k) plans does not change the fundamental fiduciary calculus or reduce risk, as success with private investments will depend on careful analysis of both participant demand and fiduciary obligations, say attorneys at Jenner & Block.
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2 Rulings Highlight IRS' Uncertain Civil Fraud Penalty Powers
Conflicting decisions from the U.S. Tax Court and the Northern District of Texas that hinge on whether the IRS can administratively assert civil fraud penalties since the U.S. Supreme Court’s 2024 decision in SEC v. Jarkesy provide both opportunities and potential pitfalls for taxpayers, says Michael Landman at Bird Marella.
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SEC Fine Signals Crackdown On Security-Based Swap Dealers
The U.S. Securities and Exchange Commission's recent fine against MUFG Securities is unique because it involves a non-U.S. security-based swap dealer complying with U.S. laws based on the election of substituted compliance, but it should not be dismissed as a one-off case, says Kelly Rock, formerly at the SEC.
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Junior Attys Must Beware Of 5 Common Legal Brief Mistakes
Excerpt from Practical Guidance
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.
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Expect DOJ To Repeat 4 Themes From 2024's FCPA Trials
As two upcoming Foreign Corrupt Practice Act trials approach, defense counsel should anticipate the U.S. Department of Justice to revive several of the same themes prosecutors leaned on in trials last year to motivate jurors to convict, and build counternarratives to neutralize these arguments, says James Koukios at MoFo.
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How The SEC Has Subtly Changed Its Injunction Approach
For decades, the U.S. Securities and Exchange Commission has relied on the obey-the-law injunction, but judicial deference to the SEC's desired language has fractured since 2012 — with the commission itself this year utilizing a more tailored approach to injunctions, albeit inconsistently, say attorneys at Hilgers Graben.
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Series
Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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Series
Playing Softball Makes Me A Better Lawyer
My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.
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IPO Suit Reinforces Strict Section 11 Tracing Requirement
A California federal court's recent dismissal of an investor class action against Allbirds in connection with the company's initial public offering cites the U.S. Supreme Court's 2023 Slack v. Pirani decision, reinforcing the firm tracing requirement for Section 11 plaintiffs — even at the pleading stage, say attorneys at Paul Weiss.
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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.