Asset Management

  • May 05, 2026

    IRS Beats Suit Claiming Secret Rule Targeted Stock Plan

    A transportation company cannot pursue its claims that the IRS adopted a secret rule that targeted its stock ownership plan, a Wisconsin federal judge ruled, throwing out the company's suit.

  • May 05, 2026

    Kirkland-Led Twin Bridge Closes 6th Fund With $855M In Tow

    Kirkland & Ellis LLP-advised Twin Bridge Capital Partners on Tuesday announced it had closed its sixth lower middle market-focused fund, dubbed Pacific Street Fund VI LP, after securing $855 million in investor commitments — exceeding the private equity firm's initial $800 million target.

  • May 05, 2026

    Willkie Guides Bridge Growth's $790M Vehicle

    Bridge Growth Partners announced Tuesday that the investment firm raised CA$1.1 billion ($790 million) for a single-asset continuation vehicle under the guidance of Willkie Farr & Gallagher LLP, allowing it to extend its investment in artificial intelligence platform Solace.

  • May 05, 2026

    Fugitive Trader's Wife Held In Contempt Amid $67M Fraud Suit

    A Connecticut federal judge has held the wife of a fugitive Oak Management Corp. trader in contempt for trying to use her divorce case to take control of assets under the management of a receiver, who was appointed as part of a U.S. Securities and Exchange Commission civil suit.

  • May 05, 2026

    Sandoz, Novartis Must Face Generics Claims From GM, Others

    A Pennsylvania federal judge largely refused to let dozens of generic-drug makers duck stand-alone price-fixing and market allocation antitrust claims from major employers like General Motors, American Airlines and Lowe's, nixing allegations against a small handful while importantly preserving them against Novartis and its former Sandoz subsidiary.

  • May 05, 2026

    3 Firms Steer Crypto Exchange Bullish's $4.2B Equiniti Buy

    Bullish said Tuesday it has agreed to acquire Equiniti in a $4.2 billion transaction steered by three law firms, as the institutional digital asset platform aims to create a global transfer agent for tokenized securities.

  • May 05, 2026

    SEC Lifts NY Atty's Lifetime Practice Ban

    The U.S. Securities and Exchange Commission on Tuesday lifted a lifetime ban preventing a New York attorney from practicing before the agency, following an attempt to leverage a client's testimony before the SEC.

  • May 05, 2026

    Paul Weiss-Led Apollo Clinches $6.5B Hybrid Value Fund

    Paul Weiss Rifkind Wharton & Garrison LLP-advised private equity giant Apollo on Tuesday revealed that it closed its third hybrid value fund after securing $6.5 billion in total commitments.

  • May 05, 2026

    Freshfields Adds Skadden White Collar Lawyer In DC, NY

    Freshfields LLP has hired a Skadden Arps Slate Meagher & Flom LLP white collar defense lawyer, who spent years working as a federal prosecutor investigating corporate financial crime, international money laundering and other related matters.

  • May 05, 2026

    Proskauer Lands Globetrotting Private Funds Atty In LA

    Proskauer Rose LLP announced Tuesday that it has brought on a former Allen Overy Shearman Sterling LLP partner in its private funds group in Los Angeles.

  • May 04, 2026

    Exxon Execs Never Pressured Profitability Analysts, Jury Hears

    Former Exxon Chief Executive Rex Tillerson testified Monday that the company's top brass never pressured employees to make the company's holdings seem more profitable than they were, telling a jury in Texas federal court that he stood by the reports the company issued to investors.

  • May 04, 2026

    Hedge Fund Says Expert Loss Isn't Fatal To Spoofing Case

    A hedge fund that is suing units of Bank of America and Canadian Imperial Bank of Commerce for alleged spoofing by their clients has told a New York federal court that a recent decision to exclude the hedge fund's damages expert doesn't doom its case, pushing back on a bid from the banks for an end to the litigation.

  • May 04, 2026

    AI Chipmaker Cerebras Launches Plans For $3.4B IPO

    Artificial intelligence computing company Cerebras Systems Inc. on Monday filed plans to raise around $3.4 billion in its blockbuster initial public offering, a long-awaited move that comes after the company withdrew previous plans for a public debut in October.

  • May 04, 2026

    Wells Fargo, Lloyd's Beat $900B Fraud Suit Over Wire Error

    A Maryland federal judge has permanently tossed a lawsuit brought by Alliance Global Capital Fund and a cheese shop that sought $900 billion in damages alleging Wells Fargo refused to redirect funds it knew were credited to the wrong account, finding a majority of the case's claims were brought too late.

  • May 04, 2026

    SPAC Says Investor Bought In Knowing $29M Deal Had Failed

    The sponsor of a blank check company linked to energy giant Nabors Industries Ltd. pushed back against an investor suit alleging its top brass unfairly claimed a $29 million settlement despite missing a deadline to merge with another company, arguing the investor bought shares knowing the acquisition already failed.

  • May 04, 2026

    Trump Broadens Sanctions On Cuban Government

    President Donald Trump has expanded his sanctions regime against Cuba, issuing an executive order targeting Cuban government officials while also implementing second-order sanctions against financial institutions that carry out transactions with sanctioned individuals.

  • May 04, 2026

    Wells Fargo, Law Firm Sued Over Alleged Ponzi Scheme Ties

    Wells Fargo, a California law group and an Arizona investment advisory firm have been hit with a suit in a Texas federal court alleging they aided a purported Ponzi scheme over a purported oil-and-gas industry technology company.

  • May 04, 2026

    3 Firms Guide New Blackstone REIT In $1.8B IPO Target

    A Blackstone real estate investment trust focused on data centers aims to raise $1.8 billion in an upcoming initial public offering next week advised by Simpson Thacher & Bartlett LLP and Paul Hastings LLP.

  • May 04, 2026

    Carpenters Trustees Reach Deal In Allianz Loss Suit

    A group of union carpenters and the trustees of their retirement plans have reached a proposed settlement in a class action accusing the fiduciaries of mismanaging pension assets by investing in risky hedge funds that lost more than $250 million.

  • May 04, 2026

    Wachtell Lipton, Kirkland Steer Hubbell's $3B NSI Buy

    Utility and electrical solution provider Hubbell Inc., advised by Wachtell Lipton Rosen & Katz, on Monday announced plans to acquire Kirkland & Ellis LLP-led NSI Industries in a $3 billion deal.

  • May 04, 2026

    Managers Of Embattled Easement Say RICO Suit Lacks Details

    Investment fund managers behind a conservation easement donation whose charitable tax deduction was embroiled in litigation asked a Georgia federal court to toss a racketeering suit against them by a pair of investors, arguing the fraud claims do not match the allegations.

  • May 04, 2026

    THL Partners Wraps 10th Fund With $6.35B In Tow

    Middle market-focused private equity shop THL Partners, led by Ropes & Gray LLP, on Monday announced that it closed its 10th fund after securing $6.35 billion of capital commitments.

  • May 04, 2026

    Two Harbors Backs CrossCountry Bid Over $1.3B UWM Offer

    Two Harbors Investment Corp.'s board of directors prefers CrossCountry Mortgage LLC's proposed $1.2 billion all-cash acquisition of the real estate investment trust over UWM Holdings Corp.'s revised $1.3 billion all-stock bid, which "is inferior across multiple dimensions," Two Harbors announced on Monday.

  • May 04, 2026

    SEC Seals $26M Judgment Against Investment Adviser

    The U.S. Securities and Exchange Commission has finalized a $25.6 million disgorgement judgment against the former CEO of investment firm Vesta Advisors LLC, which a Pennsylvania federal court said had been satisfied by his restitution and forfeiture in his criminal case.

  • May 04, 2026

    DOJ Touts $750K Deal In Housing Discrimination Suit

    The owners and managers of a Georgia apartment complex have agreed to a $750,000 deal that federal prosecutors say is the second-largest settlement the U.S. Department of Justice has ever scored in an individual housing discrimination case.

Expert Analysis

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • ERISA Litigation Trends To Watch With 2025 In The Rearview

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    There were significant developments in Employee Retirement Income Security Act litigation in 2025, including plaintiffs pushing the bounds of sponsor and fiduciary liability and defendants scoring district court wins, and although the types of claims might change, ERISA litigation will likely be just as active in 2026, say attorneys at Groom Law.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • How Bank M&A Prospects Brightened In 2025

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    Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.

  • 3 Securities Litigation Trends To Watch In 2026

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    Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.

  • 4 Developments That Defined The 2025 Ethics Landscape

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    The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.

  • Navigating AI In The Legal Industry

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    As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.

  • 2025 Calif. Banking Oversight Centered On Consumer Issues

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    The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.

  • The Major Securities Litigation Rulings And Trends Of 2025

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    The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.

  • The CFTC's Road Ahead Under Newly Confirmed Chair

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    Michael Selig's Dec. 18 confirmation as U.S. Commodity Futures Trading Commission chair comes at a critical juncture, as the agency is poised to gain oversight over the crypto industry and increase its jurisdictional mandate covering prediction markets, says Elizabeth Lan Davis at Davis Wright.

  • How Fractional GCs Can Manage Risks Of Engagement

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    As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.

  • SEC Rulemaking Radar: A Reset, A Shift And A Preview Of '26

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    With major proposals withdrawn and new priorities emerging, forthcoming U.S. Securities and Exchange Commission proposals in 2026 will look to reshape how digital assets are regulated, recalibrate market structure and simplify how small companies go public, says Christopher Grobbel at Goodwin.

  • Del. Dispatch: Key 2025 Corporate Cases And Trends To Know

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    The Delaware corporate legal landscape saw notable changes in 2025, spurred by amendments to the Delaware General Corporation Law, ubiquitous artificial intelligence fervor, boardroom discussion around DExit, record shareholder activism activity and an arguably more expansive view of potential Caremark liability, say attorneys at Fried Frank.

  • Series

    Nature Photography Makes Me A Better Lawyer

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    Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.

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