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Asset Management
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March 27, 2026
Polsinelli Hires Practice Head From McDermott In NY
Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."
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March 27, 2026
UK Litigation Roundup: Here's What You Missed In London
The past week in London has seen Apple hit back at a tech company's wireless charging patent claim, a flurry of businesses bring COVID-19 pandemic insurance claims as a key deadline draws closer and Ipulse Partners LLP file a claim against a luxury yacht company it represented in a trademark dispute. Here, Law360 looks at these and other new claims in the U.K.
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March 27, 2026
CrossCountry Wins REIT Bidding Contest With All-Cash Deal
CrossCountry Mortgage said March 27 it will acquire mortgage servicing-focused real estate investment trust Two Harbors Investment Corp. for $10.80 per share in cash, with Simpson Thacher & Bartlett LLP advising CCM and Jones Day advising Two Harbors.
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March 27, 2026
United Bank's $2M Deal In ESOP Suit Clears Final Hurdle
A Georgia federal court granted final approval Friday to United Bank Corp.'s $2 million class action settlement ending allegations that it unlawfully ousted ex-workers from an employee stock ownership plan and cut them out of proceeds from a $23.3 million dividend.
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March 27, 2026
Weak Data Dooms Brookfield 401(k) Fund Suit, Judge Says
An Ohio federal judge tossed a former Brookfield Asset Management employee's suit claiming the company held on to lackluster investment funds in its retirement plan that cost workers millions in savings, ruling the underperformance he identified wasn't significant enough to carry the case.
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March 27, 2026
Hospital Escapes Ex-Workers' 401(k) Forfeiture, Fund Suit
A New York federal judge on Friday tossed a proposed class action against a healthcare company alleging mismanagement of an employee 401(k) plan, concluding that ex-workers who sued lacked standing to bring some claims while the remaining allegations weren't sufficiently backed up to state a claim for violating federal benefits law.
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March 27, 2026
Kirkland-Led Transcend Bought By Otsuka In $1.2B Deal
Clinical-stage biotechnology company Transcend Therapeutics Inc., led by Kirkland & Ellis LLP, Pillsbury Winthrop Shaw Pittman LLP and Goodwin Procter LLP, on Friday announced that it has agreed to be bought by Otsuka Pharmaceutical Co. Ltd. in a deal worth up to $1.225 billion.
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March 26, 2026
Southwest Can't Fly Past Workers' Retirement Plan Suit
Southwest Airlines Co. retirement plan beneficiaries pleaded sufficient facts to state claims for breach of fiduciary duty and for failure to monitor in alleging that the company and its executives failed to remove an underperforming fund that lagged its benchmark, a Texas federal judge ruled this week.
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March 26, 2026
FINRA Fines Broker-Dealer $600K For Off-Channel Violations
The Financial Industry Regulatory Authority has fined a San Francisco-based broker-dealer $600,000 for allegedly failing to supervise employees' use of unapproved messaging platforms, in a type of proceeding FINRA's CEO said earlier this week would indicate a "real breakdown" in oversight.
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March 26, 2026
Investment Fraudster Gets 6½ Years For Swindling Clients
A purported investment adviser appearing in his third adulthood fraud case received more than six years in prison on Thursday as an Illinois federal judge expressed hope that he'll "do the hard work" it will take to address the personal issues leading him to engage in such conduct.
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March 26, 2026
SEC Urges Justices To Keep Disgorgement Powers Intact
The U.S. Supreme Court should continue allowing the U.S. Securities and Exchange Commission to collect ill-gotten profits from fraudsters without having to identify any particular victims of said scheme, the agency told the high court in a case that could limit its disgorgement powers.
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March 26, 2026
Musk's SpaceX Eyes $75B IPO Raise, Among Other Rumors
The market is anticipating what could be one of the largest initial public offerings ever, after reports this past week indicated that Elon Musk's SpaceX is looking to imminently raise as much as $75 billion.
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March 26, 2026
Satellite Biz Xona Wraps $170M Series C Funding Round
Commercial space company Xona, led by Covington & Burling LLP, on Thursday announced that it closed an oversubscribed Series C funding round after securing $170 million, which will be used in part to help build the company's new Bay Area factory.
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March 26, 2026
2nd Circ. Reopens Mortgage-Backed Securities ERISA Suit
The Second Circuit on Thursday revived a federal benefits lawsuit against Wells Fargo and Ocwen accusing the companies of mishandling home loans tied to a union pension fund's investments, overturning a lower court ruling that handed the bank and loan servicing companies a pretrial win in the proposed class action.
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March 26, 2026
Advent Commits $1B To Defense Tech Companies
Private equity investor Advent International unveiled plans Thursday to invest up to $1 billion in "next-generation" defense technology companies, a move that comes as defense technology investments ramp up.
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March 26, 2026
Shield AI Hits $12.7B Valuation, Buys Defense Biz Aechelon
Defense technology company Shield AI on Thursday revealed that its valuation soared to $12.7 billion after closing a $1.5 billion Series G funding round, which will help finance the company's planned acquisition of private equity-backed defense company Aechelon Technology Inc.
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March 26, 2026
Paul Weiss, Skadden Guide $22B US Life Insurance Merger
Corebridge Financial Inc. and Equitable Holdings Inc. said Thursday they have agreed to merge in an all-stock transaction that values the combined company at about $22 billion, in a deal steered by Skadden Arps Slate Meagher & Flom LLP and Paul Weiss Rifkind Wharton & Garrison LLP.
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March 25, 2026
UBS Must Face Class Action Over Low-Yield Sweep Accounts
A New York federal judge on Wednesday trimmed a proposed class action alleging USB Financial Services Inc. put customers' money in low-yielding "cash sweep" accounts in breach of their contract, tossing a single duplicative unjust enrichment claim but allowing the contract claims to proceed.
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March 25, 2026
Tax-Credit Cliff Sparks M&A Rush For Clean Energy
The looming July cutoff to maintain eligibility for clean electricity investment and production tax credits is sparking a dealmaking spree as smaller developers who are unable to meet the deadline begin looking to sell projects to deeper-pocketed players who can.
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March 25, 2026
S. Korea, Elliott Dispute Over Samsung Merger Set To Restart
South Korea's Ministry of Justice said Wednesday it is preparing for U.S. hedge fund Elliott Associates to resubmit its claim accusing the government of interfering in an $8 billion merger between two Samsung affiliates in 2015, weeks after a London court set aside a previous award in the dispute.
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March 25, 2026
FINRA Constitutionality Case Belongs In 4th Circ., Judge Says
A North Carolina federal judge has thrown out a lawsuit challenging the constitutionality of the Financial Industry Regulatory Authority's in-house disciplinary process, saying the case belongs before the Fourth Circuit.
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March 25, 2026
Ex-Partner Seeks 2,000 Client Notices In NC Estate Firm Fight
After nearly two hours of argument in which counsel for the founding partner of a trusts and estates law firm argued that the firm should have to notice his departure to thousands of clients, a North Carolina Business Court judge seemed a bit perplexed Wednesday as to why the parties didn't resolve the client list spat with a North Carolina State Bar ethics opinion.
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March 25, 2026
Arxis Files IPO As More Defense Firms Seek Public Listings
Military electronics and components maker Arxis has filed plans for an initial public offering, marking the second military technology company to launch plans for a public debut this week as more aerospace and military companies seek the public markets.
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March 25, 2026
FSOC Seeks To Rein In Too-Big-To-Fail Labels In Latest Pivot
Federal regulators moved Wednesday to curb their authority to subject large asset managers, insurers and other nonbank firms to heightened, bank-like supervision, proposing guidelines that would reinstitute tougher standards for these too-big-to-fail designations.
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March 25, 2026
After Overhaul Nixed, FTC, DOJ Mull New Merger Rulemaking
The Federal Trade Commission and the U.S. Department of Justice are not giving up on attempting to overhaul the "insufficient" half-century-old merger notification form after its replacement was just struck down by a Texas federal judge, with the agencies now seeking public comment as they mull "a new rulemaking process."
Expert Analysis
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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US-Ukraine Reconstruction Fund Tax Exemptions Uncertain
Tax provisions in the bilateral agreement to establish the U.S.-Ukraine Reconstruction Investment Fund, which recently announced it is accepting applications, are so broad and imprecise as to leave uncertainty regarding whether and when tax exemptions will apply to investors' income, say attorneys at Avellum and Debevoise.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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CFIUS Initiative May Smooth Way For Some Foreign Investors
A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Opinion
Corporations Should Think Twice About Mandatory Arbitration
The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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Navigating New Risks Amid Altered Foreign Issuer Landscape
The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.
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Tips From Del. Decision Nixing Major Earnout Damages Award
The Delaware Supreme Court recently vacated in part the largest earnout-related damages award in Delaware history, making clear that the implied covenant of good faith and fair dealing cannot be used to rescue parties from drafting choices where the relevant regulatory risk was foreseeable at signing, say attorneys at Sullivan & Cromwell.
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What Applicants Can Expect From Calif. Crypto License Law
With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.
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Malpractice Claim Assignability Continues To Divide Courts
Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.
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How Latest Nasdaq Proposals Stand To Raise Listings Quality
Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.
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Where PCAOB Goes Next After A Year Of Uncertainty
The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.