Asset Management

  • September 21, 2026

    Shipbuilder Sinks Forfeiture Claims In 401(k) Fee Suit

    A Virginia federal judge on Monday trimmed an ex-worker's proposed class action against a military shipbuilding company alleging mismanagement of a $5.9 billion employee 401(k) plan, holding that some excessive fee claims could proceed to discovery but that allegations of misspent forfeitures failed to state a claim.

  • September 21, 2026

    2nd Circ. Seems Hesitant To Kick PwC Bias Suit To Arbitration

    The Second Circuit appeared skeptical Monday of PricewaterhouseCoopers LLP's push to compel arbitration of a former worker's suit alleging discriminatory harassment, with one judge saying the company is advocating for an "extraordinary understanding" of a 2022 law barring mandatory arbitration of sexual harassment claims.

  • September 21, 2026

    SEC Prepares To Relax Fund Cross-Trading Limits

    The U.S. Securities and Exchange Commission has informed the White House that it plans to propose a regulation that could loosen the rules around cross-trading prohibitions, potentially allowing more securities to be traded between funds overseen by the same adviser.

  • September 21, 2026

    Crypto Firm, Ga. Investor Reach Deal To End Fraud Suit

    An investor has agreed to end her lawsuit accusing a Texas-based crypto investment company of letting her funds get caught up in a fraudulent scheme to funnel money to foreign countries, according to a filing in Georgia federal court.

  • September 21, 2026

    4 Firms Steer $1.6B Priority Technology Take-Private

    Payments and banking solutions provider Priority Technology Holdings Inc., advised by Nixon Peabody LLP and Paul Hastings LLP, on Monday announced plans to become a private company after being bought for $1.6 billion by a McDermott Will & Schulte LLP-led investor group helmed by the company's chair and CEO.

  • September 21, 2026

    Real Estate Platform WT Realty Lands $600M SPAC Merger

    Real estate firm WT Realty Group is set to go public through a merger with special purpose acquisition company FortuneX Acquisition Corp. with an implied acquisition value of $600 million in a deal advised by Winston Taylor and Celine & Partners PLLC.

  • September 18, 2026

    Fed 'Risk Aversion' Contributed To SVB's Failure, Report Says

    A "culture of risk aversion" and diffusion of decision-making among Federal Reserve supervisory staff, not deregulation or social media chatter, contributed to the 2023 collapse of Silicon Valley Bank, according to initial findings from a new post-mortem review.

  • September 18, 2026

    Latham, Skadden Guide Orion180 Insurance's $240M IPO

    Orion180 Insurance Group Inc. began trading Friday after the specialty insurer sold 20 million shares for $12 each in a $240 million initial public offering guided by Latham & Watkins LLP and Skadden Arps Slate Meagher & Flom LLP.

  • September 18, 2026

    Oppenheimer Customers Win Final Approval For $70M Deal

    A New York federal judge on Friday granted final approval to a $70 million settlement between Oppenheimer & Co. and a class of customers that resolves claims that the investment bank pocketed hefty fees from its cash sweep account program while paying customers "unreasonable, below-market interest rates."

  • September 18, 2026

    Dems Seek Probe Of Suspect Comments On DOL Proposal

    A trio of Democratic lawmakers urged the federal government to open a probe into reports that a U.S. Department of Labor proposal to expand retirement plans' access to alternative investments was flooded with fake comments, asserting the allegations raise questions about whether the public comment process has been corrupted.

  • September 18, 2026

    Latham Steers Industrial REIT Rexford On $1.2B Portfolio Sale

    Rexford Industrial Realty said it has sold an industrial portfolio, with advice from Latham & Watkins LLP, to EQT Real Estate for $1.2 billion in a deal spanning 5.2 million square feet of rentable space.

  • September 18, 2026

    Cooley-Led Electra Therapeutics Prices Upsized $350M IPO

    Cooley LLP-advised Electra Therapeutics, a venture-backed biotech firm developing antibodies for immune diseases and cancer, began trading Friday after raising $350 million in an upsized IPO.

  • September 18, 2026

    Taxation With Representation: Davis Polk, Latham, Sullivan

    In this week's Taxation With Representation, a group backed by Michael Dell's family office and Sequence Holdings acquires a majority interest in The Baldwin Group, May Mobility merges with a blank check company, and Infineon Technologies sells its memory chip business to Winbond Electronics.

  • September 18, 2026

    Claims In Tech Exec's Stock Theft Suit Sent To Arbitration

    A New York federal judge has sent claims against a manager of lender W Management Services and agent SRT Capital SPC Ltd. to arbitration in a wide-ranging suit brought by an Aeva Technologies co-founder who alleges Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars.

  • September 17, 2026

    Ex-YPF Investors Take Argentina To ICSID Over 2012 Seizure

    The International Centre for Settlement of Investment Disputes has picked up a bid for arbitration by investors in Argentine oil and gas exploration company YPF SA, making good on their statement to a New York federal judge that they will arbitrate their claims over Argentina's nationalization of YPF.

  • September 17, 2026

    9th Circ. Revives Laos' $5M Enforcement Bid In Casino Case

    The Ninth Circuit on Thursday revived the government of Laos' bid to enforce some $5 million in arbitral awards against an entrepreneur who was not party to an underlying arbitration stemming from an ill-fated casino venture, saying a lower court should have taken a closer look at the government's arguments.

  • September 17, 2026

    Rail Giants Point To Shipper Support For $85B Merger

    Droves of companies that rely on freight in their daily business have recently thrown their support behind Union Pacific Corp.'s planned $85 billion merger with Atlanta-based Norfolk Southern Corp. in filings with a federal board being asked to approve the tie-up.

  • September 17, 2026

    Broker TradeZero Fined Over Data Breach Tied To Chatbot

    An unvetted chatbot and lax security policies allowed hackers to access personal and financial information of nearly 15,000 customers of online brokerage TradeZero America, the Massachusetts Securities Division said Thursday in announcing a $750,000 fine against the company.

  • September 17, 2026

    Inovalon Investors Reach $44M Deal Over $7.3B Take-Private

    Inovalon Holdings Inc. investors have agreed to a $44 million settlement to end their Delaware Chancery Court suit challenging the healthcare data company's $7.3 billion take-private sale to a Nordic Capital-led consortium, resolving claims that stockholders were misled about conflicts involving the deal's financial advisers.

  • September 17, 2026

    Firm Partners Can't Get Employment Tax Break, 2nd Circ. Says

    The Second Circuit held Thursday that $141.5 million in partnership income distributed to an investment company's principals was subject to self-employment taxes, following the Fifth Circuit's narrow interpretation for determining eligibility for a self-employment tax exemption for limited partners.

  • September 17, 2026

    7th Circ. Backs Concrete Co. In $23M Pension Exit Fight

    The Seventh Circuit turned down a multiemployer pension fund's bid to reinstate a $23 million withdrawal liability bill against a concrete company, splitting Thursday with two other appellate courts on interpreting how an employer's prior partial withdrawal applies to a future complete exit.

  • September 17, 2026

    Siguler Guff Secures $3B For Small Buyout Strategy

    Private equity shop Siguler Guff & Co. LP on Thursday revealed that it closed on over $3 billion of fundraising capital for its small buyout strategy.

  • September 17, 2026

    Alteryx Stockholders' 'Cleansing' Vote Dooms $4.4B Sale Suit

    The Delaware Chancery Court has dismissed a stockholder suit challenging the $4.4 billion sale of analytics software company Alteryx Inc. to private equity firms Insight Venture Management LLC and Clearlake Capital Group LP, finding that an overwhelming stockholder vote approving the deal wiped out the investors' fiduciary duty claims.

  • September 17, 2026

    Fla. Auto Dealer Resolves Suit Alleging 401(k) Mismanagement

    An operator of car dealerships in Florida and Georgia agreed to settle a proposed class action alleging that 401(k) plan participants lost a significant chunk of their retirement savings when the company switched recordkeepers, according to a federal court filing.

  • September 17, 2026

    OpenAI Aims For $1.2T Valuation, More Rumors

    Artificial intelligence giant OpenAI is mulling a private funding round that could value the ChatGPT maker at $1.2 trillion; Blackstone is looking to raise $8 billion for its latest Green Infrastructure Credit Fund; and Japanese chipmaker Kioxia Holdings is looking to raise $10 billion by listing American depositary receipts.

Expert Analysis

  • Series

    Taekwondo Makes Me A Better Lawyer

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    Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and that the best outcomes are often achieved by solving problems — all of which has improved my work as a bankruptcy lawyer, mediator and Subchapter V trustee, says Amy Denton Mayer at Berger Singerman.

  • Del. Ruling Clarifies Public Benefit Corp. Fiduciary Duties

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    In Drakes Landing v. Tilden Park, the Delaware Court of Chancery recently provided landmark guidance for directors of Delaware public benefit corporations on the fiduciary duties they owe, highlighting that change-of-control transactions may now be protected from challenge under the state's 2025 safe harbor amendments, say attorneys at Richards Layton.

  • What To Know As Legal Duty To Consider AI Takes Shape

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    While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

  • What Cos. Should Do During Stay Of Nasdaq Delisting Rule

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    The U.S. Securities and Exchange Commission recently approved — and subsequently stayed — Nasdaq's $5 million market value threshold for continued listing, giving companies additional time to evaluate financing opportunities, communicate with investors and consider strategic alternatives, says Joseph Lucosky at Lucosky Brookman.

  • Prepping To Use Crypto Collateral Under Ohio Ownership Law

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    Ohio's digital asset law should ease the path to using cryptocurrency as collateral, and as the October effective date approaches, lenders should update their loan documentation and diligence processes to take advantage of the new control-based perfection rules, say attorneys at Kegler Brown.

  • SEC Rulemaking Radar: The Rubber Meets The Road

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    The U.S. Securities and Exchange Commission's new rulemaking agenda shows its regulatory reset taking shape, with sweeping crypto proposals that could bring the biggest changes it has made to broker-dealer, exchange and trading compliance in decades, says Christopher Grobbel at Goodwin.

  • CFPB Complaint Portal Overhaul Signals Changing Priorities

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    The Consumer Financial Protection Bureau's updates to its consumer complaint portal and decision to cease publishing consumer complaint narratives should be viewed by companies as one component of a larger recalibration of how the CFPB collects information and allocates its supervisory and enforcement resources, say attorneys at Cooley.

  • Series

    Being In A Band Made Me A Better Lawyer

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    Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

  • Notable Q2 Updates In Insurance Class Actions

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    After 2026's second quarter, there is more authority rejecting class certification on total loss valuation theories from courts at the federal circuit, federal district and state appellate level — along with a resolution of a novel issue of depreciation on a wildfire claim, says Kevin Zimmerman at BakerHostetler.

  • Series

    Law School's Missed Lessons: Surviving A Long Trial

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    Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-examination or closing argument, effectively handling the marathon of a lengthy trial requires the ability to maintain composure, organization and credibility with the jury, says Mihir Elchuri at Hirschler.

  • What B. Riley Dismissal Teaches About Governance Litigation

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    The same facts in litigation against B. Riley Financial produced three different outcomes in three courthouses, but the Court of Chancery's decision in Marchner v. B. Riley is the cleanest demonstration in years of why boards facing a government investigation often prepare for the wrong lawsuit, says Ashwin Ram at Buchalter.

  • Upping Fed, FDIC's Insider Loan Cap May Ease Bank Burdens

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    Coordinated Federal Deposit Insurance Corp. and Federal Reserve proposals to raise the 1970s-era cap for bank executives borrowing from their institutions represent a long-needed regulatory recalibration that would lighten compliance obligations caused by the outdated ceiling without diminishing the original protections against conflicts of interest, say attorneys at Ballard Spahr.

  • Series

    Going To Hardcore Shows Makes Me A Better Lawyer

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    While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are about community, focus, being prepared for the unexpected and managing chaos, says Isaac Natter at Fluet.

  • How Axing SEC Trade-Through Rule Could Reshape Markets

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    The proposed elimination of a Securities and Exchange Commission rule that mandates a price benchmark for equity securities trades could allow blockchain-based trades to compete with legacy frameworks in registered markets, potentially serving as a test case for updated regulatory models, say Alex Zozos at Superstate, and Lewis Rinaudo Cohen and Edward Leaf at Cahill Gordon.

  • What Regulatory 'Reputation Risk' Purge Means For Banks

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    Banks should expect closer scrutiny of account closures and service denials after federal regulators recently stripped "reputation risk" from supervisory guidance, and should tie customer decisions to documented, objective legal and financial criteria to protect against debanking-related enforcement, say attorneys at Troutman.

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