Asset Management

  • December 09, 2025

    Ex-Oil Trader Gets 15 Months, Avoids FCPA Forfeiture For Now

    A former Connecticut oil trader convicted of violating the Foreign Corrupt Practices Act by laundering money and bribing officials at Brazilian oil giant Petróleo Brasileiro SA on Tuesday was sentenced to 15 months behind bars plus a $300,000 fine, avoiding for now a potential $7.8 million forfeiture order.

  • December 09, 2025

    Brookfield, Qatar Launch $20B AI Infrastructure Partnership

    Brookfield announced Tuesday that it is joining forces with a subsidiary of the Qatar Investment Authority on a $20 billion joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, marking Brookfield's first such investment in the Middle East.

  • December 09, 2025

    PE-Backed Medical Supplies Giant Medline Eyes $5B IPO

    Private equity-backed medical supplies behemoth Medline has outlined terms for its long-awaited initial public offering, telling U.S. regulators that it plans to raise about $5 billion in what would mark the largest IPO of 2025.

  • December 09, 2025

    Cooley-Led Saviynt Valued At $3B After $700M Funding Round

    Cooley LLP-guided identity security company Saviynt on Tuesday revealed it had reached a $3 billion valuation after closing a $700 million Series B growth equity financing round, with the funding to be used as growth capital to expand and accelerate product development.

  • December 09, 2025

    US Asks 5th Circ. To Revive ACA Employer Tax Penalties

    The IRS properly penalized a janitorial services company for failing to provide employees with healthcare coverage under the Affordable Care Act, the U.S. government said, urging the Fifth Circuit to reverse a Texas federal court ruling that voided regulations promulgating the penalties.

  • December 09, 2025

    Wells Fargo $84M ERISA Stock Option Suit Deal Initially OK'd

    A Minnesota federal court gave its initial sign-off to an $84 million settlement that Wells Fargo & Co. agreed to pay to end a class action alleging that the bank ran afoul of federal benefits law when it used dividends earned by its employee stock ownership plan to meet its 401(k) matching obligations.

  • December 08, 2025

    4th Circ. Backs EIDP In Dispute Over Annuity Reductions

    The Fourth Circuit backed agricultural chemical giant EIDP Inc. and its retirement plan administrator in a Monday opinion, finding that unambiguous contract language doomed the revival of a lawsuit from a retired employee who said his monthly benefit was unfairly reduced.

  • December 08, 2025

    SEC Says Hedge Fund Manager's Driver Ran $1M Fraud

    A former administrative assistant at a New York hedge fund has agreed to settle U.S. Securities and Exchange Commission allegations that he caused three investors to lose $1 million after falsely holding himself out as a financial professional at the firm, when in fact he was just a personal driver to the firm's founder.

  • December 08, 2025

    Ex-Kellogg Worker's Suit Over 401(k) Fees Tossed For Good

    Kellogg escaped a former employee's proposed class action alleging the food manufacturer lost its workers millions in retirement savings because of excessive recordkeeping fees, after a Michigan federal judge ruled Monday that the allegations failed to state a claim for violating federal benefits law. 

  • December 08, 2025

    Tax Services Provider Andersen Launches $165M IPO Plans

    Tax and legal services provider Andersen Group launched plans for an estimated $165 million initial public offering, according to a filing with the U.S. Securities and Exchange Commission on Monday.

  • December 08, 2025

    3 Firms Advise Antero Natural Gas Asset Buy From HG Energy

    With Vinson & Elkins LLP, Latham & Watkins LLP and Kirkland & Ellis LLP advising, natural gas company Antero Resources Corp. announced an expansion Monday by paying $2.8 billion for assets from HG Energy, while an affiliate reached a separate $1.1 billion acquisition deal with the privately held company.

  • December 08, 2025

    4 Firms Lead $1.51B TC Transcontinental Packaging Deal

    Private equity-backed ProAmpac on Monday unveiled plans to acquire TC Transcontinental Packaging from TC Transcontinental in a $1.51 billion deal built by four law firms.

  • December 08, 2025

    Smith & Nephew Settles 401(k) Fee Dispute

    A Massachusetts federal judge stayed a proposed federal benefits class action Monday against Smith & Nephew that accused the medical device company of imposing excessive fees on an employee 401(k) plan, after the parties told the court they had agreed to settle their dispute.

  • December 08, 2025

    Hilton Retirees Push DC Circ. To Reopen Pension Case

    A panel of D.C. Circuit judges appeared to agree Monday that a class of over 20,000 Hilton employees hadn't justified its request for detailed discovery on the hotel chain's compliance with a 14-year-old injunction requiring it to pay additional retirement benefits.

  • December 08, 2025

    Paul Weiss Guides IBM On $11B Buy Of Cooley-Led Confluent

    Tech company IBM, advised by Paul Weiss Rifkind Wharton & Garrison LLP, on Monday unveiled plans to acquire data streaming company Confluent, led by Cooley LLP, in an $11 billion deal.

  • December 08, 2025

    $32M Malpractice Suit Was Filed Too Late, Judge Says

    A federal magistrate judge recommended tossing a lawsuit accusing Zeichner Ellman & Krause LLP and one of its partners of aiding a scheme to divert tens of millions of dollars from the Orly Genger 1993 Trust, finding on Friday that every claim lodged by the trust's assignee is barred by the statute of limitations.

  • December 08, 2025

    Morgan Lewis Expands UAE Team With 2 Dubai Partners

    Morgan Lewis & Bockius LLP has added two asset management partners to its Dubai office to help guide clients through the Middle East's evolving regulatory landscape and growing investment opportunities, the firm announced Monday.

  • December 05, 2025

    Calif. Agency Hires Ex-DOJ Crypto Enforcement Director

    The California Department of Financial Protection and Innovation has brought on a new general counsel who previously served in leadership positions with the U.S. Department of Justice, including director of its cryptocurrency enforcement team.

  • December 05, 2025

    Virtual Asset Fund Sues Game Dev Over Delays, NFT Fraud

    An investment fund specializing in virtual "real estate" has accused a game developer of violating securities laws and breaching an agreement by failing to timely deliver an unregistered NFT associated with its unreleased game.

  • December 05, 2025

    7th Circ. Backs Distribution Of $2.5M In Fraud Funds

    The Seventh Circuit on Thursday rejected a real estate banking business's argument it should have been prioritized over other investors for proceeds from the liquidation of assets related to an alleged $135 million Ponzi scheme, and affirmed a lower court's finding it would have learned of those other investors' interests on two Chicago properties with a more diligent inquiry.

  • December 05, 2025

    OCC, FDIC Scrap Obama-Era Leveraged Lending Guidance

    The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. on Friday formally withdrew from Obama-era guidance that sought to tighten bank leveraged lending standards, a policy that banks argued hamstrung them against nonbank rivals.

  • December 05, 2025

    Iraqi Kurdish Gov't To Fight Immunity Ruling In $490M Feud

    The Kurdistan Regional Government of Iraq will appeal a ruling denying its sovereign immunity defense in litigation filed by a subsidiary of Kuwaiti logistics firm Agility Public Warehousing Co. to enforce a $490 million judgment against it.

  • December 05, 2025

    BofA Says Northrop 401(k) Suit Toss Backs 4th Circ. Appeal

    Bank of America urged a North Carolina federal court Friday to let it appeal an earlier decision denying dismissal of a proposed class action alleging forfeitures were misspent from workers' employee 401(k) plan, arguing a Virginia federal court's decision tossing similar claims against Northrop Grumman supported its bid.

  • December 05, 2025

    ERISA Recap: 4 Rulings Worth Paying Attention To From Nov.

    The Ninth Circuit striking down a class action win for transgender employee health plan participants who said their gender-affirming care denials were discriminatory is just one noteworthy Employee Retirement Income Security Act ruling from November. Here's a recap of that ruling and three others.

  • December 05, 2025

    Cancer Detection Biz Going Public Via $1.1B SPAC Merger

    Cancer detection company Freenome Holdings Inc. announced plans Friday to go public through a merger with special purpose acquisition company Perceptive Capital Solutions Corp. in a deal that gives the combined business a post-transaction equity value of $1.1 billion and was built by three law firms.

Expert Analysis

  • Series

    Power To The Paralegals: How And Why Training Must Evolve

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    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.

  • Series

    Playing Softball Makes Me A Better Lawyer

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    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.

  • IPO Suit Reinforces Strict Section 11 Tracing Requirement

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    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.

  • Series

    Law School's Missed Lessons: Mastering Time Management

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    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.

  • Courts Keep Upping Standing Ante In ERISA Healthcare Suits

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    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.

  • How Hyperlinks Are Changing E-Discovery Responsibilities

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    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.

  • CFPB Proposal Defining Consumer Risk May Add Uncertainty

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    Though a recent Consumer Financial Protection Bureau proposal would codify when risks to consumers justify supervisory intervention against nonbanks, furthering Trump administration plans to curtail CFPB authority, firms may still struggle to identify what could attract supervisory designation under the new rule, say attorneys at Steptoe.

  • Atkins-Led SEC Continues Focus On Private Funds

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    Since the change in administration, there has overall been a more accommodative regulatory stance toward private funds, but a recent enforcement action suggests that the U.S. Securities and Exchange Commission is not backing off from enforcement in the space completely, say attorneys at Simpson Thacher.

  • 9th Circ. Ruling Leaves SEC Gag Rule Open To Future Attacks

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    Though the Ninth Circuit's recent ruling in Powell v. U.S. Securities and Exchange Commission leaves the SEC's no-admit, no-deny rule intact, it could provide some fodder for litigants who wish to criticize the commission's activities either before or after settling with the commission, says Jonathan Richman at Brown Rudnick.

  • Series

    Writing Musicals Makes Me A Better Lawyer

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    My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.

  • Series

    Adapting To Private Practice: From Va. AUSA To Mid-Law

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    Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.

  • Rebutting Price Impact In Securities Class Actions

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    Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.

  • 7 Document Review Concepts New Attorneys Need To Know

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    For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.

  • Stablecoin Committee Promotes Uniformity But May Fall Short

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    While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

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