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Asset Management
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									September 04, 2025
									PBM Rule Included In DOL Benefits Arm's Regulatory UpdateThe U.S. Department of Labor's employee benefits arm detailed several new regulations in the works Thursday, including a new fee disclosure rule involving pharmacy benefit managers and plans to revisit retirement plan fiduciary investment advice regulations, according to the administration's latest regulatory update. 
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									September 04, 2025
									Cube Highways Trust Mulls $600M IPO, Plus More RumorsIndian infrastructure investment trust Cube Highways Trust is considering a $600 million initial public offering, premium diaper brand Coterie is in talks to be acquired by consumer goods business Mammoth Brands, and European antitrust regulators have reportedly paused their investigation into ADNOC's $17.1 billion acquisition of German chemicals producer Covestro. 
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									September 04, 2025
									Democrats Press Trump's Fed Pick On His IndependenceStephen Miran, a close ally of President Donald Trump, was sharply questioned by Democratic senators on Thursday about his ability to independently carry out a leadership role at the Federal Reserve's Board of Governors after he said he would refuse to resign from the president's Council of Economic Advisers if confirmed. 
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									September 03, 2025
									C3.ai Execs Accused Of Hiding CEO's Health Impact On Co.Executives and directors of artificial intelligence software developer C3.ai were hit with a shareholder's derivative suit alleging they inflated company share prices by not disclosing that its CEO's health issues were preventing C3 from closing deals. 
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									September 03, 2025
									Conn. Fund Manager Sentenced For $3.4M Fraud SchemeA Stamford, Connecticut, man was sentenced Wednesday to four and a half years in prison plus three years of supervised release after admitting he defrauded investors out of $3.4 million through a Greenwich hedge fund he owned. 
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									September 03, 2025
									Arkansas Insurance Rule Beats Union Plan's ERISA ChallengeAn Illinois federal judge has tossed a Teamsters healthcare plan's challenge to an Arkansas insurance regulation that aims to protect local pharmacies from under-reimbursement for prescription drugs, saying the regulation doesn't tread on the Employee Retirement Income Security Act's territory. 
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									September 03, 2025
									Transit Tech Startup Via Ignites Plans For $450M IPORideshare and transit services company Via Transportation, which offers software and technology-enabled services to replace aging transportation systems, on Wednesday outlined a price range for its estimated $450 million initial public offering. 
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									September 03, 2025
									4 Firms Steer $2.7B Sale Of Aon's NFP Wealth BizAon said Wednesday it has agreed to sell various business units that make up the majority of NFP's wealth management operations to private equity firm Madison Dearborn Partners in a transaction worth $2.7 billion, with Skadden, Dentons, Paul Weiss and Kirkland representing the parties. 
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									September 03, 2025
									Archegos Witness Avoids Prison After 'Extensive' CooperationA former accountant who served as director of risk at Archegos before its fraud-driven collapse avoided prison Wednesday after a Manhattan federal judge said his testimony was crucial in securing the conviction and 18-year prison sentence imposed on fund founder Bill Hwang. 
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									September 03, 2025
									2 Firms Advise $300M Investment In Shopping Center REITCharleston, South Carolina-based retail owner Bond Street Real Estate Investment Trust said Sept. 3 that it has attracted a $300 million commitment from private equity firm Conversant Capital in an investment advised by Allen Matkins Leck Gamble Mallory & Natsis LLP and Fried Frank Harris Shriver & Jacobson LLP. 
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									September 03, 2025
									Latham-Led Great Hill Clinches 9th Fund With $7B In TowLatham & Watkins LLP-advised private equity shop Great Hill Partners on Wednesday revealed that it wrapped its ninth fund above target after securing $7 billion of commitments. 
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									September 02, 2025
									Fed Gov. Cook Doubles Down On Removal TRO BidFederal Reserve Board Gov. Lisa Cook on Tuesday doubled down in her bid to have a D.C. federal court block President Donald Trump's attempt to strip her of her position, saying the federal government was trying to expand the limits of a "for cause" removal. 
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									September 02, 2025
									Speculation Can't Halt Medical Coatings Merger, GTCR SaysGTCR BC Holdings LLC should be allowed to merge the nation's leading medical coatings supplier with the second leading provider because federal regulators spent two weeks simply relying on speculation and theory to prove its losing antitrust case, the private equity subsidiary argued. 
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									September 02, 2025
									Wall Street Banks Beat Revived Bond-Rigging Antitrust ClaimsA New York federal judge tossed a recently revived proposed antitrust class action Tuesday accusing Bank of America Corp., Wells Fargo & Co. and other major financial institutions of conspiring to rig corporate bonds and boycott rival bond-trading platforms, finding the allegations are vague, conclusory and time-barred. 
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									September 02, 2025
									Financial Firm Can't Pierce Atty-Client Privilege, Judge RulesWealth Enhancement Group LLC cannot override privilege laws to view communications between a former financial adviser's new employer and its lawyers at Spencer Fane LLP, according to a Connecticut judge who viewed the contested documents privately. 
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									September 02, 2025
									Freddie Mac Beats Investor Suit Over Subprime ExposureAn Ohio federal judge has tossed a nearly two-decade-old lawsuit accusing Freddie Mac of failing to warn investors about its exposure to the flagging subprime market, ruling that the lawsuit hadn't identified any material misleading statements made by the company in the lead-up to the housing crisis. 
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									September 02, 2025
									Kirkland, Cleary Guide Close Of $2.3B Private Credit FundKirkland & Ellis LLP-advised credit-focused alternative asset manager Benefit Street Partners LLC and private market secondaries manager Coller Capital, led by Cleary Gottlieb Steen & Hamilton LLP, on Tuesday announced that they clinched a $2.3 billion private credit continuation fund. 
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									September 02, 2025
									Plains Takes Majority Stake In EPIC Crude In $1.57B DealPlains All American Pipeline said Tuesday that a subsidiary has agreed to acquire a 55% non-operated stake in EPIC Crude Holdings LP, owner of the EPIC Crude Oil Pipeline, from subsidiaries of Diamondback Energy and Kinetik Holdings in a deal valued at about $1.57 billion, including roughly $600 million of debt. 
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									September 02, 2025
									TMX Customers Get Final OK For $42M Data Breach Suit DealCustomers of title loan and payday lender TMX Finance have gotten a final nod for their $42 million settlement of class action claims arising from a data breach affecting an estimated 4.8 million people, with class counsel receiving just under $6 million in fees and expenses. 
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									September 02, 2025
									Davis Polk-Led Klarna Seeks $1.3B In Revived IPO PlansSwedish financial technology startup Klarna, advised by Davis Polk & Wardwell LLP, announced Tuesday the buy-now, pay-later business is resuming its initial public offering plans, months after those plans were paused amid backlash to U.S. President Donald Trump's "Liberation Day" tariffs announcement in April, saying the company is looking to raise up to $1.27 billion. 
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									September 02, 2025
									Evernorth Health Plugs $3.5B Into Shields Health SolutionsEvernorth Health Services, led by Wachtell Lipton Rosen & Katz and Holland & Knight LLP, on Tuesday unveiled plans to plug $3.5 billion into specialty pharmacy management company Shields Health Solutions. 
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									September 02, 2025
									Apollo, Brookfield-Backed Group Inks $28.2B Air Lease DealMilbank LLP-advised Apollo Global Management and Brookfield are backing a $28.2 billion deal to take aircraft lessor Air Lease Corp. private, alongside Japan's Sumitomo Corp. and SMBC Aviation Capital, in a deal disclosed Tuesday that is being steered by five law firms. 
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									August 29, 2025
									DC Judge Says Fed. Reserve Gov. Can't Get TRO Just YetFederal Reserve Board Governor Lisa Cook didn't walk away from her emergency hearing with the temporary restraining order she was looking for, but a D.C. federal judge said she was willing to expedite briefing over the president's attempt to strip Cook of her position. 
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									August 29, 2025
									Federal Judge Blocks New Texas ESG Disclosure LawA Texas federal judge temporarily blocked the state attorney general from enforcing a new state law that requires proxy advisory firms to disclose when their advice stems from factors such as diversity and inclusion, siding with the companies that argued the law breaches the First Amendment. 
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									August 29, 2025
									Dems Urge FHFA Director To Focus On Housing CostsDemocratic senators on Friday urged Federal Housing Finance Agency Director William Pulte to focus on measures to bring housing costs down — including by forestalling any privatization of Fannie Mae and Freddie Mac — while lambasting Pulte for his role in the firing of Federal Reserve Gov. Lisa Cook. 
Expert Analysis
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								A Cold War-Era History Lesson On Due Process  The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP. 
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								Series Improv Makes Me A Better Lawyer  Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup. 
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								How BigLaw Executive Orders May Affect Smaller Firms  Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner. 
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								Opinion Lawsuits Shouldn't Be Shadow Assets For Foreign Capital  Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association. 
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								How To Accelerate Your Post-Attorney Career Transition  Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University. 
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								How Tariffs May Affect Proxy Contests This Season  While global tariffs imposed by the Trump administration will certainly chill at least some activity this proxy season, and make defending contests significantly easier, there will likely be many new activist investments once there is more economic certainty, meaning more proxy fights this fall, say attorneys at Sidley. 
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								A Closer Look At New NYSE, Nasdaq Listing Rule Changes  The U.S. Securities and Exchange Commission has recently approved changes to the New York Stock Exchange's and the Nasdaq's listing rules on reverse stock splits, minimum share price requirements and required liquidity for initial listings, meaning listed companies facing delisting will have fewer means to regain compliance, say attorneys at Cahill Gordon. 
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								Opinion GENIUS Act Can Bring Harmony To Crypto-Banking Discord  By embracing crypto innovation while establishing appropriate guardrails, the so-called GENIUS Act charts a path forward that promotes financial inclusion and technological advancement without compromising stability or constitutional rights, says J.W. Verret at George Mason University's Antonin Scalia Law School. 
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								Series Law School's Missed Lessons: Be An Indispensable Associate  While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson. 
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								SEC Confidential Review Process Provides Issuers Flexibility  The U.S. Securities and Exchange Commission's recently announced enhancements to the process for confidentially submitting draft registration statements will be immediately impactful for issuers seeking to access the public capital markets, and should provide more grounds to explore and plan public offerings, say attorneys at Lowenstein Sandler. 
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								Series Birding Makes Me A Better Lawyer  Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden. 
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								Series Calif. Banking Brief: All The Notable Legal Updates In Q1  Among the most notable developments in California banking in the first quarter of the year, regulators and legislators issued regulations interpreting debt collection laws, stepped up enforcement actions, and expanded consumer protections for those affected by wildfires, says Stephen Britt at Severson & Werson. 
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								How The ESG Investing Rule Survived Loper Bright, For Now  A Texas federal court's recent decision in Utah v. Micone upholding the U.S. Department of Labor's 2022 ESG investing rule highlights how regulations can withstand the post-Loper Bright landscape when an agency's interpretation of its statutorily determined boundaries is not granted deference, say attorneys at Miller & Chevalier. 
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								Series Adapting To Private Practice: From DOJ Leadership To BigLaw  The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury. 
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								How The CRE Industry Is Adapting To Tariff Uncertainty  Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.