Asset Management

  • February 04, 2026

    Aerospace Workers Ask 4th Circ. To Revive 401(k) Fund Suit

    Workers who alleged RTX Corp. illegally used forfeited retirement funds to pay the company's 401(k) contribution have asked the Fourth Circuit to revive their case after a Virginia federal judge ruled they had failed to state a claim.

  • February 03, 2026

    Voya Concedes To Certification Of 401(k) ERISA Class

    Voya Financial Inc. will not fight the certification of a class of around 11,400 workers who claim they were shortchanged when the company loaded up its 401(k) offering with its own branded investments, which allegedly underperformed.

  • February 03, 2026

    Wachtell Lipton, Davis Polk Steer $12B Santander Deal

    Wachtell Lipton Rosen & Katz and Davis Polk & Wardwell LLP are guiding Banco Santander SA's $12.3 billion cash-and-stock acquisition of Webster Financial Corp., according to an announcement made Tuesday.

  • February 03, 2026

    SEC Tosses Biden-Era Case Against Wyoming Crypto Co.

    The U.S. Securities and Exchange Commission has walked away from an attempt to block the issuance of a pair of digital tokens offered by a Wyoming-based company, saying that changes in federal policy toward the cryptocurrency industry necessitated an end to the administrative proceedings.

  • February 03, 2026

    Guam Defends Bid To Appeal Loss Of Military Leave Suit

    A retirement fund for Guam government employees fired back at the federal government's attempt to prevent it from appealing an order finding the fund and Guam liable for shortchanging pension contributions for employees who take paid leave while serving in the military. 

  • February 03, 2026

    Convicted Oil Trader To Remain Free On Bond During Appeal

    A Connecticut federal judge Tuesday ruled that an oil trader convicted of overseas bribery can remain free on bond while he appeals his Foreign Corrupt Practices Act and money-laundering convictions, saying a new trial might be possible if the Second Circuit finds fault with her jury instructions.

  • February 03, 2026

    4 Things To Know As DOL Pitches Transparency For PBMs

    The U.S. Department of Labor's proposal to require pharmacy benefit managers to give employer-provided health plans detailed information on fees and compensation is a welcome development, benefits attorneys on both sides of the bar say. Here, Law360 looks at four things to know about the proposed regulations.

  • February 03, 2026

    SEC Official Floats Using AI In Adviser-Retail Investor Chats

    The director of the U.S. Securities and Exchange Commission's investment management division said Tuesday that funds and advisers could one day use artificial intelligence agents to communicate with retail investors about what's contained in fund disclosure documents.

  • February 03, 2026

    House Dems Press Bessent About IRS Retirement Pay Delays

    Democrats on the House Ways and Means Committee demanded answers Tuesday about substantial delays in processing retirement applications for Internal Revenue Service employees who participated in the government's deferred resignation program.

  • February 03, 2026

    Willkie Adds Paul Hastings Entertainment Litigator In LA

    Willkie Farr & Gallagher LLP is expanding its litigation team, bringing in a Paul Hastings LLP entertainment litigator as a partner in its Los Angeles office.

  • February 03, 2026

    Donerail Lobs $1.1B Takeover Bid For MarineMax Yachting Biz

    Investor and adviser The Donerail Group, led by Olshan Frome Wolosky LLP, on Tuesday confirmed it had submitted a nonbinding takeover proposal to acquire Sidley Austin LLP-advised boat and yacht retailer MarineMax for $1.1 billion.

  • February 03, 2026

    Otro Capital Closes Sports-Focused Fund With $1.2B In Tow

    Sports-focused private equity shop Otro Capital, advised by Gibson Dunn & Crutcher LLP, on Tuesday revealed that it wrapped fundraising for its inaugural fund after securing $1.2 billion of capital commitments.

  • February 02, 2026

    NBA Star Says He Didn't Know Of Ex-Adviser's Self-Dealing

    Portland Trail Blazers star Jrue Holiday on Monday told a Manhattan federal jury that he didn't know that his former Morgan Stanley financial adviser was also on the other side of the NBA star's investment in a $10 million life insurance deal, saying it would have been a dealbreaker if he had known.

  • February 02, 2026

    Investors File $150M Florida Suit Against PE Fund Managers

    A group of investors brought a proposed class action against numerous private equity fund managers in Florida federal court Monday, alleging a conspiracy to steal $150 million and hide the money through complex investment schemes involving infrastructure, real estate and a merchant cash advance business.

  • February 02, 2026

    Broker-Dealer Fined $750K Over Text Message Recordkeeping

    Benjamin F. Edwards & Co. Inc. has agreed to a censure and $750,000 fine to settle the Financial Industry Regulatory Authority's allegations that the broker-dealer failed to properly supervise and preserve its employees' business-related text messages.

  • February 02, 2026

    US Bancorp Beats Suit Over Brokerage Cash-Sweep Program

    A Minnesota federal judge permanently threw out a proposed class action accusing U.S. Bancorp and its brokerage unit of shortchanging customers on interest through a cash-sweep program, finding in part that the bank never promised customers a particular minimum interest rate.

  • February 02, 2026

    ESAB Corp. To Acquire Eddyfi Technologies For $1.45B

    ESAB Corp. said Monday it has agreed to purchase Eddyfi Technologies for $1.45 billion, pushing deeper into industrial inspection and monitoring as it looks to diversify beyond its core welding equipment business.

  • February 02, 2026

    Donaldson Acquires Facet Filtration In $820M Deal

    Technology-led filtration products provider Donaldson Company Inc. on Monday announced plans to buy Filtration Group's Facet Filtration business in an all-cash deal valued at roughly $820 million.

  • February 02, 2026

    BBQ Co. Execs, Argent Settle $99M ESOP Fight With DOL

    Two executives for a New York barbecue chain and the company's employee stock ownership plan trustee have agreed to settle a lawsuit from the U.S. Department of Labor alleging that a $99 million stock purchase violated federal benefits law, according to a joint stipulation from the parties.

  • February 02, 2026

    Oil Trader Wants Prison Date Delayed Over $1.7M Forfeiture

    A Connecticut oil trader convicted of violating the Foreign Corrupt Practices Act has asked to postpone his date to report to prison by two months, saying he "needs additional time to put his financial affairs in order" so he can pay a $1.7 million forfeiture plus an additional $300,000 fine.

  • February 02, 2026

    Space And Defense Comms Co. Secures $470M Of Funding

    Space and defense communications company CesiumAstro Inc. on Monday revealed that it has secured $470 million in growth capital, which will go toward funding the buildout of its new headquarters, among other uses.

  • February 02, 2026

    Former SEC Division Co-Chief Counsel Joins K&L Gates In DC

    A longtime U.S. Securities and Exchange Commission attorney has made the jump to private practice, joining K&L Gates in Washington, D.C., the firm said Monday.

  • February 02, 2026

    Latham, Gibson Dunn Steer Brookfield's $1.2B Peakstone Buy

    Private equity giant Brookfield Asset Management, advised by Gibson Dunn & Crutcher LLP, on Monday unveiled plans to acquire Latham & Watkins LLP-led Peakstone Realty Trust in a $1.2 billion take-private transaction.

  • January 30, 2026

    Pilgrim's Pride Plan Fiduciaries Accused Of ERISA Breach

    An employee of Pilgrim's Pride Corp. claimed in Colorado federal court Friday that the food production company violated federal law by intentionally picking a riskier and worse performing contract within its retirement savings plan for more than 21,000 plan participants.

  • January 30, 2026

    Sentara Health Can't Escape Suit Over Stable Value Fund

    A Virginia federal judge said Friday that Sentara Health can't dodge a suit claiming it failed to kick an underperforming investment fund from its retirement plan, ruling the healthcare system hasn't shown it assessed the fund with the proper due diligence to beat the case.

Expert Analysis

  • Expect DOJ To Repeat 4 Themes From 2024's FCPA Trials

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    As two upcoming Foreign Corrupt Practice Act trials approach, defense counsel should anticipate the U.S. Department of Justice to revive several of the same themes prosecutors leaned on in trials last year to motivate jurors to convict, and build counternarratives to neutralize these arguments, says James Koukios at MoFo.

  • How The SEC Has Subtly Changed Its Injunction Approach

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    For decades, the U.S. Securities and Exchange Commission has relied on the obey-the-law injunction, but judicial deference to the SEC's desired language has fractured since 2012 — with the commission itself this year utilizing a more tailored approach to injunctions, albeit inconsistently, say attorneys at Hilgers Graben.

  • 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.

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