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Asset Management
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									October 20, 2025
									5th Circ. Affirms Fraud Conviction Of Failed Bank's Ex-CEOA Fifth Circuit panel upheld the conviction of former First NBC Bank CEO Ashton J. Ryan Jr., who was sentenced to 14 years in prison and ordered to pay $215 million in restitution after a jury found him guilty of bank fraud and conspiracy related to the collapse of the Louisiana bank. 
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									October 20, 2025
									Funds Rip Boeing's 4th Circ. Bid To Decertify Max Fraud ClassInstitutional investors have told the Fourth Circuit that they've sufficiently laid out their damages theories to advance certified class claims alleging Boeing kept its stock price trading at inflated levels by repeatedly misrepresenting the safety of its 737 Max fleet after two crashes and a door-plug blowout. 
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									October 20, 2025
									2 Firms Steer $170M Merger Of Ill. Bank Holding Cos.The holding companies of Illinois-based Heartland Bank and Trust Co. and CNB Bank & Trust NA will merge in a $170.2 million combined stock and cash transaction, the companies announced Monday. 
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									October 20, 2025
									Suspended Pa. Atty Admits To Crypto Scam Role With BrotherA suspended Pennsylvania attorney pled guilty in federal court Monday to conspiracy and wire fraud, after prosecutors say he and his brother diverted funds that investors intended for cryptocurrency investment fund High Street Capital Fund USA LP into their personal accounts or another entity they controlled, Hvizdzak Capital Management. 
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									October 20, 2025
									Trade Court OKs Gov't Nixing Duties On Chinese TileThe U.S. Department of Commerce correctly found composite tile from China outside the scope of duties ordered on imported ceramic tile after twice failing to support its determination with sufficient evidence, according to an opinion issued by the U.S. Court of International Trade on Monday. 
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									October 20, 2025
									Guam Fund Seeks OK To Appeal Loss Of Military Leave SuitA retirement fund for Guam government employees asked a Guam federal judge to let it appeal an order finding the fund and the U.S. territory liable for shortchanging pension contributions for employees who take paid leave while serving in the military. 
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									October 20, 2025
									Paul Weiss-Led Diversis Wraps 3rd Fund With $1.2BPaul Weiss Rifkind Wharton & Garrison LLP-advised Diversis Capital Management LP on Monday revealed that it closed its third fund with over $1.2 billion in tow, which will be used to invest in software and technology-enabled services companies. 
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									October 20, 2025
									Catching Up With Delaware's Chancery CourtThis past week, the Delaware Chancery Court and Supreme Court handled a crowded corporate docket, weighing blockbuster merger appeals, shareholder settlement objections, fights over control involving an NBA franchise and a high-profile appeal from Elon Musk involving a massive payday from Tesla. 
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									October 20, 2025
									Crypto Exchange To Go Public Via $1B SPAC MergerDavis Polk & Wardwell LLP-led digital asset treasury Evernorth Holdings Inc. on Monday unveiled plans to go public through a merger with special purpose acquisition company Armada Acquisition Corp II, advised by Wilson Sonsini Goodrich & Rosati PC, in a deal that is expected to raise over $1 billion in gross proceeds. 
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									October 17, 2025
									7th Circ. Backs Biz Owner's Ponzi Conviction, 7-Year SentenceA Seventh Circuit panel on Friday upheld the wire fraud conviction and 90-month prison sentence handed to a business owner who lied to investors about the company's financial health and how it would use their money, saying there was ample evidence of the defendant's intent to defraud and misuse investor funds. 
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									October 17, 2025
									Chamber Urges 5th Circ. To Rehear Ex-Bank CEO's FDIC CaseThe U.S. Chamber of Commerce and other libertarian advocacy groups urged the Fifth Circuit on Friday to reconsider a panel ruling shielding the Federal Deposit Insurance Corp.'s in-house courts from a constitutional challenge, arguing the decision defies U.S. Supreme Court precedent and leaves bank officials "trapped in the bureaucratic machinery" of juryless agency prosecutions. 
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									October 17, 2025
									Justices Urged To Review Circ. Split Over SEC DisgorgementA man accused by the U.S. Securities and Exchange Commission of participating in a $6 million pump-and-dump scheme is calling on the U.S. Supreme Court to review a circuit split that he says has created "intolerable confusion" over when the agency can collect disgorgement. 
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									October 17, 2025
									Investment Firm Founder Indicted On Alleged $500M SchemeThe co-founder of two Florida-based investment firms has been accused by federal prosecutors and the U.S. Securities and Exchange Commission of defrauding lenders and investors out of hundreds of millions of dollars with false representations about the firms' financial success and assets. 
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									October 17, 2025
									Major Banks Colluded For 30 Years To Fix Rates, Suit SaysSeveral major banks, including JPMorgan Chase, Bank of America and Wells Fargo, have been hit with a proposed class action in Connecticut federal court alleging that for the past 30 years, they have been artificially inflating interest rates on variable-rate loans to consumers and small businesses. 
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									October 17, 2025
									Acadia Investors Score Partial Win In Fraud Class ActionA Tennessee federal judge has granted a proposed class of Acadia Healthcare Co. investors a partial early win in their suit claiming the company misled them about the strength of its United Kingdom operations, finding that the investors have presented genuine issues of material fact and that Acadia failed to properly rebut their claims. 
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									October 17, 2025
									11th Circ. Ruling Could Unravel Strict ERISA Exhaustion RuleA recent Eleventh Circuit decision opens up a route for overturning the appellate court's strictest-in-the-nation precedent requiring administrative exhaustion of all claims brought under the Employee Retirement Income Security Act, attorneys say, given that two judges in a panel concurrence advocated for such action following en banc review. 
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									October 17, 2025
									Robbins Geller To Steer REIT Investors' Suit Over $787M DealRobbins Geller Rudman & Dowd LLP will lead a proposed class of investors in real estate investment trust Broadmark Realty Capital Inc. who claim they were misled by executives from the REIT ahead of a $787 million merger with Ready Capital Corp. in 2023. 
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									October 17, 2025
									Federal Courts To Scale Back Operations Amid ShutdownThe federal court system has run out of money and will scale back operations beginning Monday as a result of the ongoing government shutdown, possibly leading to case delays. 
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									October 17, 2025
									Taxation With Representation: Latham, Kirkland, WachtellIn this week's Taxation With Representation, the Artificial Intelligence Infrastructure Partnership, MGX, and BlackRock's Global Infrastructure Partners acquire Aligned Data Centers from Macquarie Asset Management and co-investors; Rayonier Inc. and PotlatchDeltic Corp. merge to create a timber and wood products giant; and a Lone Star Funds affiliate acquires industrial processing equipment provider Hillenbrand Inc. 
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									October 16, 2025
									China's Crackdown On Rare Earth Minerals Spooks ImportersIn the latest trade salvo between the U.S. and China, stricter Chinese export controls on critical earth minerals that many U.S. manufacturers rely on are causing concern for businesses, which may have difficulty diversifying supply chains for the rare materials. 
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									October 16, 2025
									Wells Fargo, Workers Get More Time For Stock Option DealWells Fargo & Co. and former employees on Thursday were granted an extended deadline for filing a request for preliminary approval of their settlement resolving litigation alleging the bank used dividends earned by its employee stock ownership fund to meet its 401(k) matching obligations. 
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									October 16, 2025
									3 Firms Shape MGM's $546M Sale Of Ohio Gambling VenueMGM Resorts International, guided by Weil Gotshal & Manges LLP, plans to sell the operations of a racetrack and casino in Northfield Park, Ohio, for $546 million to private equity firm Clairvest Group, advised by Chapman and Cutler LLP and Duane Morris LLP, the companies said Oct. 16. 
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									October 16, 2025
									Electric Aircraft Startup Beta Technologies Targets $750M IPOElectric aircraft and propulsion system manufacturer Beta Technologies has unveiled plans for an estimated $750 million initial public offering, with Kirkland & Ellis LLP advising the company and Davis Polk & Wardwell LLP advising the underwriters. 
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									October 16, 2025
									ADNOC's Covestro Buy To Get EU Nod, Plus More RumorsAbu Dhabi oil giant ADNOC is expected to get a stamp of approval from European regulators for its €14.7 takeover of German chemicals company Covestro; Spanish grid operator Enagas is debating buying a minority stake in French gas operator Terega; and private equity giant Apollo has submitted another bid to acquire pizza chain Papa John's. 
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									October 16, 2025
									Akin Guides Metals Co. CMC On $1.8B Concrete DealAkin is advising Commercial Metals Co. on its plan to acquire Foley Products Co., a large U.S. regional supplier of precast concrete products, for $1.84 billion in cash, CMC said Thursday. 
Expert Analysis
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								Rebutting Price Impact In Securities Class Actions  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. 
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								7 Document Review Concepts New Attorneys Need To Know  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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								Stablecoin Committee Promotes Uniformity But May Fall Short  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. 
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								Agentic AI Puts A New Twist On Attorney Ethics Obligations  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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								Parsing Trump Admin's First 6 Months Of SEC Enforcement  The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding. 
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								Series Being A Professional Wrestler Makes Me A Better Lawyer  Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability. 
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								SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'  The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin. 
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								Series Law School's Missed Lessons: Adapting To The Age Of AI  Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor. 
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								Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning.jpg)  A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan. 
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								Why Fla. Ruling Is A Call To Action For Foreclosure Counsel  A Florida state court's recent decision in Open Range Properties v. AmeriHome Mortgage has sent ripples through the banking industry and the legal community, and signals a new era of heightened scrutiny and procedural rigor in foreclosure litigation, says Andrew McBride and Adams & Reese. 
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								What To Expect As Trump's 401(k) Order Materializes  Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary. 
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								Demystifying The Civil Procedure Rules Amendment Process  Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper. 
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								'Solicit' Ruling Offers Proxy Advisers Compliance Relief  The D.C. Circuit recently found that proxy voting advice does not fall under the legal definition of "solicitation," significantly narrowing the U.S. Securities and Exchange Commission's regulatory power over such advisers, offering stability to the proxy advisory industry and providing temporary relief from new compliance burdens, say attorneys at Sheppard Mullin. 
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								Evaluating The SEC's Rising Whistleblower Denial Rate  The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper. 
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								Parenting Skills That Can Help Lawyers Thrive Professionally  As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.