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March 18, 2026
The U.S. Department of Labor's employee benefits arm on Wednesday published technical amendments to its fiduciary investment advice regulations, to better reflect current policy following the conclusion of two lawsuits challenging a 2024 rule that would have expanded the definition of an investment advice fiduciary under federal benefits law.
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March 18, 2026
Activist hedge fund Elliott Investment Management LP has disclosed that funds it advises have built a "significant" investment in Japanese shipping company Mitsui O.S.K. Lines Ltd.
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March 18, 2026
Offensive security company Xbow on Wednesday revealed that it reached a $1 billion valuation after closing a $120 million Series C funding round.
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March 18, 2026
The Eighth Circuit appeared skeptical Wednesday of the reasoning behind a lower court's decision to toss a proposed class action alleging Wells Fargo's 401(k) forfeiture spending violated federal benefits law, but still expressed doubts about the case's viability.
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March 17, 2026
The U.S. Securities and Exchange Commission won't revisit its earlier holding partially sustaining certain Financial Industry Regulatory Authority findings and sanctions against a former stockbroker who's challenged the constitutionality of the self-regulatory organization, stating that the stockbroker's reconsideration bid hadn't asserted the regulator erred in its earlier decision.
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March 17, 2026
The Securities Industry and Financial Markets Association is urging the U.S. Securities and Exchange Commission to increase its oversight of investment advisers should it move forward with a plan to categorize more mutual funds and advisers as small entities, saying the current playing field disadvantages broker-dealers.
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March 17, 2026
The U.S. Department of the Treasury's Office of Foreign Assets Control on Tuesday announced that Florida brokerage TradeStation Securities Inc. has agreed to pay more than $1.1 million to settle potential civil liability for violating the regulator's sanctions programs for Iran, Syria and Crimea.
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March 17, 2026
BlackRock Inc. must face a suit in New York state court by a former vice president who alleges he faced retaliation and wrongful termination after raising concerns about self-dealing, corruption and conflicts of interest, with a state judge partially rejecting the asset manager's bid to dismiss the case.
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March 17, 2026
A former Georgia-based Edward Jones investment adviser admitted Tuesday to embezzling an elderly client out of about $9.5 million through his control of the client's brokerage accounts and the estate of his relative.
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March 17, 2026
JPMorgan Chase urged a Manhattan federal court Monday to send a former employee's race discrimination and pay bias claims to arbitration, arguing that an in-house lawyer's mistaken assurance prior to litigation that she wasn't bound by an arbitration agreement doesn't amount to a waiver of the right to enforce it.
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March 17, 2026
BlackRock and State Street have asked a Texas federal judge to significantly winnow antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that claims based on electricity buyers are too far removed from coal.
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March 17, 2026
A GOP-led panel in the U.S. House of Representatives on Tuesday advanced legislation that would raise the pleading standards for proposed class action federal benefits lawsuits and delay the start of discovery in those disputes, with Democrats on the committee voting to oppose the legislation.
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March 17, 2026
A Michigan federal judge Tuesday shot down the U.S. Securities and Exchange Commission's bid for summary judgment against a man the agency accused of orchestrating a $2 million cannabis crowdfunding fraud, finding the case might be better suited for settlement talks.
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March 17, 2026
San Francisco-based venture capital firm Gradient on Tuesday announced that it wrapped its latest flagship seed fund after securing $220 million in investor commitments.
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March 17, 2026
A North Carolina federal judge tossed a worker's suit claiming Duke University illegally used forfeited cash in its retirement plan to pay for future contributions rather than plan fees, finding the university's actions were allowed under the plan's terms.
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March 17, 2026
Private equity shop Sands Capital revealed on Tuesday that it closed its third innovation fund after securing $1.1 billion of investor commitments.
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March 16, 2026
The Pension Benefit Guaranty Corp. has revamped its website to encourage attorneys to seek opinion letters about how the Employee Retirement Income Security Act applies to specific scenarios. PBGC Director Janet Dhillon spoke to Law360 about that effort, the PBGC's latest financial report to Congress and her goals for the agency.
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March 16, 2026
An Illinois federal judge on Monday granted class certification to investors who allege Boeing harmed them by misrepresenting the safety of its 737 Max aircraft, finding that the investors established a common method for measuring damages that could apply class-wide.
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March 16, 2026
The Sixth Circuit on Monday revived suits against Kellogg and FedEx from retirees who alleged their former employers' outdated actuarial assumptions shortchanged their joint-and-survivor pension benefits, holding federal benefits law required employers to use reasonably up-to-date mortality tables when converting from a single-life annuity form.
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March 16, 2026
Bank of America has reached a settlement in principle with a plaintiff who accused it in a proposed class action of facilitating Jeffrey Epstein's sex crimes, according to a Monday court filing.
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March 16, 2026
Financial services company WisdomTree Inc. on Monday announced plans to acquire London-based Atlantic House Holdings Ltd., in a deal worth roughly $200 million that was built by three law firms.
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March 16, 2026
An airline trade group advanced only speculative arguments in its efforts to beat Colorado's bid for a pretrial win in the group's suit challenging Colorado's sick leave law, the state told a federal judge.
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March 16, 2026
Perpetual Ltd. said Monday it has agreed to sell its wealth management business to private equity firm Bain Capital for up to 600 Australian dollars (about $424 million), with King & Wood Mallesons advising the Australian financial services firm.
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March 16, 2026
Cryptocurrency platform Abra said Monday that it will go public through a merger with a special purpose acquisition company in a deal advised by four firms that's based on a $750 million valuation for Abra.
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March 16, 2026
The U.S. Securities and Exchange Commission announced Monday that its enforcement director, Margaret "Meg" Ryan, has resigned from the agency after nearly seven months on the job.