Asset Management

  • January 07, 2026

    Prime Capital CEO 'Baffled' His Co. Was Sued For $5M

    The CEO of Kansas-based Prime Capital Investment Advisors LLC said Wednesday he was "baffled" competitor Wealth Enhancement Group LLC filed a $5 million lawsuit against his company for poaching a Connecticut financial adviser he later fired for alleged misconduct, including misrepresentations during an underlying Minnesota lawsuit.

  • January 07, 2026

    JPMorgan Unit To Use AI Tool Over Proxy Advisory Firms

    JPMorgan Chase's asset management arm has eliminated its reliance on outside advisory firms for data collection and proxy voting recommendations and will instead use an in-house, artificial intelligence-powered tool to aggregate and analyze data from U.S. corporate meetings.

  • January 07, 2026

    ISS Asks Judge Not To Stall Ruling On Texas ESG Law

    Institutional Shareholder Services Inc. is pushing back on Texas' request to delay a ruling on the constitutionality of a law requiring proxy advisory firms to disclose when voting recommendations are based on environmental, social or governance factors, arguing that the state hasn't shown how additional discovery "will make any difference" to the case.

  • January 07, 2026

    Ex-TD Bank Employee Cops To Aiding Money Laundering

    A former TD Bank assistant store manager has copped to a single money laundering conspiracy charge in connection with New Jersey federal prosecutors' claims that he took bribes to aid a money laundering network that ultimately moved $474 million through the bank.

  • January 07, 2026

    Home Depot 401(k) Fight Wraps Before High Court Gets A Say

    The Home Depot and workers alleging mismanagement of their 401(k) plan told the nation's highest court Wednesday they wrapped up their legal battle, just a month after the U.S. solicitor general urged the justices to grant the workers' bid for review and rule for the retailer.

  • January 07, 2026

    NC Judge Warns Of 'Pandora's Box' In Shareholder Row

    A North Carolina business court judge Wednesday cautioned counsel for a discharged director of a real estate and insurance company against potentially "opening Pandora's Box" as he argued that his client was targeted by his fellow directors — and family members — due to his age, but can be protected as an employee under state and federal law.

  • January 07, 2026

    Block Inc., Dorsey Must Face Suits Over Compliance Claims

    A California federal judge has ruled that the parent company of Square and Cash App, Block Inc., and its officers and directors must face claims of compliance failures in a class action and separate derivative suit, finding, among other things, that the derivative suit adequately pleads that Block's board failed to properly oversee the company's compliance program.

  • January 07, 2026

    Workers Pitch 100K Class In Aerospace Co. Forfeiture Suit

    Two workers urged a Virginia federal judge to grant class certification to their suit claiming RTX Corp. illegally used forfeited retirement funds to pay its own contribution expenses, arguing the case is best fit for class treatment given that they seek to represent 100,000 plan participants.

  • January 07, 2026

    Trump Says He Wants To Ban Wall Street From Buying Houses

    President Donald Trump announced in an online post Wednesday he plans to ask Congress to endorse coming steps from his administration to ban large institutional investors from buying single-family homes in the U.S.

  • January 07, 2026

    Healthpeak Tees Up IPO Plans For Senior Housing REIT

    Healthpeak Properties Inc. said Wednesday it submitted plans to regulators for the formation of a real estate investment trust dedicated to senior housing and the launching of an initial public offering for the company.

  • January 07, 2026

    Convicted Oil Trader Agrees To $1.7M Forfeiture For Bribes

    A former Freepoint Commodities LLC and Arcadia Fuels Ltd. oil trader convicted of paying bribes to Brazilian officials has reached a $1.7 million forfeiture agreement with federal prosecutors, who initially asked the Connecticut court for $7.8 million.

  • January 07, 2026

    Kirkland-Led Warburg Pincus Clinches $3B Financial Fund

    Kirkland & Ellis LLP-advised private equity giant Warburg Pincus announced Wednesday it closed its third financial sector fund with $3 billion in tow.

  • January 07, 2026

    3 Firms Guide Apollo's $3.5B Data Center Financing

    Apollo-managed funds and affiliates provided $3.5 billion to a fund managed by Valor Equity Partners, a financing arranged by Latham & Watkins, Proskauer Rose and Sullivan & Cromwell that will back the acquisition and lease of data center infrastructure to Elon Musk's xAI Corp.

  • January 07, 2026

    Simpson Thacher Advises As Data Center Biz Gets $1.9B

    Investment firm KKR and private equity firm Oak Hill Capital on Wednesday said they will contribute approximately $1.9 billion in investments for European data center company Global Technical Realty, with Simpson Thacher & Bartlett LLP advising.

  • January 07, 2026

    Paul Weiss-Led D-Wave To Buy Quantum Circuits For $550M

    Paul Weiss Rifkind Wharton & Garrison LLP-advised quantum computing company D-Wave Quantum Inc. unveiled plans Wednesday to acquire Quantum Circuits Inc. in a $550 million cash and stock deal.

  • January 06, 2026

    Fed Circ. Skeptical Of Ex-Wells Fargo Rep's Whistleblower Suit

    A panel of Federal Circuit judges Tuesday appeared skeptical of a purported whistleblower's appeal in her case alleging she is entitled to a portion of Wells Fargo's more than $2 billion payout over claims the bank misled investors about its residential mortgage-backed securities ahead of the financial crisis.

  • January 06, 2026

    Vectra Bank Claims Lending Co. Owes $4.5M

    Vectra Bank has accused a Colorado-based commercial finance company and two related business entities in state court of defaulting on a $6.5 million loan and said they now owe the bank more than $4.5 million.

  • January 06, 2026

    Ex-CFTC Chair, Robinhood's Top Atty Join FINRA Board

    Former U.S. Commodity Futures Trading Commission Chair Rostin Behnam and the chief legal officer for popular trading app Robinhood Markets are among those whose appointment to the board of Financial Industry Regulatory Authority was announced on Tuesday.

  • January 06, 2026

    Envestnet Trade Secrets Suit Cleared For Trial

    A Delaware federal judge has cleared the way for a long-running fintech trade secrets case to proceed toward trial, overruling defense objections to spoliation findings and holding that a jury may infer that destroyed electronic evidence would have been unfavorable to Envestnet Inc. and its former subsidiary Yodlee Inc.

  • January 06, 2026

    Crypto Exec Says SEC Can't Silence Jurisdictional Defense

    A crypto executive fighting a pump-and-dump suit by the U.S. Securities and Exchange Commission has urged a federal judge to deny the agency's request to strike his jurisdictional defenses, arguing the Florida federal court must decide those questions because they raise issues that have not already been litigated.

  • January 06, 2026

    Financial Firm Seeks $5M From Rival That Lured Adviser

    Minnesota-based financial planning firm Wealth Enhancement Group LLC has asked a Connecticut Superior Court judge to issue a $5 million damages and costs verdict against a rival accused of hiring a WEG adviser and scheming to draw an alleged $27 million in assets under management into its coffers.

  • January 06, 2026

    5th Circ. Mulls If ERISA Claims Are Subject To Arbitration Clause

    A Fifth Circuit panel wanted a former employee at International Bancshares Corp. to explain how his benefits class action could evade an arbitration clause adopted by the plan that he never consented to, saying Tuesday that other courts seemingly have not adopted a theory that would allow that.

  • January 06, 2026

    Ropes-Advised Buyout Firm BV Beats Target With $2.5B Raise

    Boston-based private equity firm BV Investment Partners said Tuesday that it has closed its latest fund at $2.46 billion, exceeding an initial $2 billion target, with Ropes & Gray LLP advising.

  • January 06, 2026

    Ameritas Says Prior Deal Ends Couple's Annuity Fraud Suit

    A retired military officer and his wife cannot proceed with a suit over the sale of unsuitable equity indexed annuities, Ameritas and a former insurance agent said, urging a North Carolina federal court to enforce a settlement agreement and release that resulted from mediation.

  • January 06, 2026

    'Jersey Boys' Producer Slips $1M Pension Tab At 9th Circ.

    The Ninth Circuit on Tuesday reversed a win for a stagehands union pension plan in a dispute with a producer for the jukebox musical "Jersey Boys," saying an entertainment industry exemption to federal benefits law shielded the production company from approximately $1 million in withdrawal liability. 

Expert Analysis

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • How Cos. Can Prep For Tightened Calif. Data Breach Notices

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    Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • How 9th Circ. Ruling Deepens SEC Disgorgement Circuit Split

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    The Ninth Circuit's recent decision in U.S. Securities and Exchange Commission v. Sripetch creates opposing disgorgement rules in the two circuits where the SEC brings a large proportion of enforcement actions — the Second and Ninth — and increases the likelihood that the U.S. Supreme Court will step in, say attorneys at Cahill Gordon.

  • SEC Crypto Custody Relief Offers Clarity For Funds

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    A recent U.S. Securities and Exchange Commission staff letter supplies a workable path for registered investment advisers and funds seeking to offer crypto custody services by using state trust companies, and may portend additional useful guidance regarding crypto custody, say attorneys at Morgan Lewis.

  • DOJ's UnitedHealth Settlement Highlights New Remedies Tack

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    The use of divestitures and Hart-Scott-Rodino Act compliance in the recent U.S. Department of Justice settlement with UnitedHealth Group and Amedisys underscores the DOJ Antitrust Division's willingness to utilize merger remedies under the second Trump administration, say attorneys at Buchanan Ingersoll.

  • When Atty Ethics Violations Give Rise To Causes Of Action

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    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • A Shift To Semiannual Reporting May Reshape Litigation Risk

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    While the U.S. Securities and Exchange Commission's proposed change from quarterly to semiannual reporting may reduce the volume of formal filings, it wouldn't reduce litigation risk, instead shifting it into less predictable terrain — where informal disclosures, timing ambiguities and broader materiality debates will dominate, says Pavithra Kumar at Advanced Analytical Consulting Group.

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