Asset Management

  • March 24, 2026

    NY Regulator's Fintech Unit Chief Is Ex-BigLaw, CFPB Analyst

    New York's financial services regulator announced Tuesday it has promoted one of its own to permanently head up its division responsible for licensing crypto firms and regulating fintech, a job formerly held by the agency's current acting Superintendent Kaitlin Asrow.

  • March 24, 2026

    Iowa Asks 5th Circ. To Ax 'Uncertain' Schwab Antitrust Deal

    Iowa's attorney general Monday pressed the Fifth Circuit to reject investors' deal with The Charles Schwab Corp. in an antitrust suit over its merger with TD Ameritrade, arguing it offers only uncertain and hypothetical relief to class members while giving named plaintiffs and class counsel a "windfall."

  • March 24, 2026

    Game Developer Seeks To Toss Suit Over NFT Delay

    Game development studio Neon Machine Inc. urged a New York federal court to dismiss a suit brought by an investment fund specializing in virtual "real estate" over the company's alleged failure to timely deliver an unregistered NFT associated with an unreleased game, arguing the delays in developing the game do not warrant a securities fraud suit.

  • March 24, 2026

    FINRA CEO Highlights New Clearinghouse For Cyber Threats

    Robert Cook, CEO of the Financial Industry Regulatory Authority, said Tuesday that it will soon be rolling out a clearinghouse for firms to report cybersecurity threats and to promote information sharing across the industry.

  • March 24, 2026

    2nd Circ. Won't Recharge Solar Panel Co. Investor Suit

    The Second Circuit won't revive a proposed investor class action alleging solar panel infrastructure company Array Technologies failed to convey the impact of certain heightened costs stemming from the COVID-19 pandemic.

  • March 24, 2026

    Compliance Chiefs Offer Insight On AI In Financial Services

    JPMorgan Chase & Co.'s chief compliance officer said Tuesday that artificial intelligence has proven "transformative" to her bank, and that she sees a time when compliance officers may come to supervise AI agents as the technology evolves.

  • March 24, 2026

    Ga. Exec Cops To Role In Alleged $380M Ponzi Scheme

    The former chief administrative officer of an Atlanta-area financial advisory group pled guilty Tuesday to one count of money laundering in connection to her role in what prosecutors said was a $380 million Ponzi scheme.

  • March 24, 2026

    Health Co. Escapes Workers' 401(k) Forfeiture Suit In La.

    A Louisiana federal judge agreed to toss a federal benefits lawsuit against a health company from workers who alleged the company misspent forfeitures from their employee 401(k) plan, rejecting the workers' argument that funds should have gone toward defraying expenses instead of lowering employer-side contribution obligations.

  • March 24, 2026

    Union Fund Asks High Court To Preserve 2nd Circ. Win

    The U.S. Supreme Court shouldn't disturb a union pension fund's win in a multimillion-dollar dispute with the federal agency that bails out struggling pension funds, the fund's trustees have argued, asking the justices to reject the Pension Benefit Guaranty Corp.'s petition for review of a Second Circuit ruling.

  • March 24, 2026

    Regulator Bars Connecticut Atty From Investment Advising

    A Connecticut attorney has agreed to stop acting as an investment adviser agent after the state's banking and securities regulator alleged that he hired a convicted Ponzi schemer as a paralegal and failed to maintain accurate books, records and disclosures.

  • March 24, 2026

    Haynes Boone Partner Duo Named Leveraged Finance Co-Chairs

    Haynes Boone announced that a pair of experienced attorneys based in Charlotte, North Carolina, and Dallas, Texas, have been named co-chairs of the firm's leveraged finance practice group.

  • March 24, 2026

    Baker Botts-Led Energy Drilling Firm HMH Eyes $231M In IPO

    HMH Holdings, a Houston-based oil and gas equipment manufacturer, said it is aiming to raise up to $231 million during an initial public offering set to price next week, after Baker Botts LLP and Latham & Watkins LLP advised plans for the IPO in 2024.

  • March 24, 2026

    Commonwealth Financial To Pay $5M To Settle SEC Suit

    The U.S. Securities and Exchange Commission has agreed to accept $5 million from Commonwealth Financial Network to resolve conflict disclosure claims, nearly a year after the First Circuit overturned the agency's previous $93 million judgment against the firm.

  • March 24, 2026

    Janus Agrees To Bolstered Trian, General Catalyst Proposal

    Janus Henderson said Tuesday it has agreed to a higher cash offer from Trian Fund Management and General Catalyst Group following its review of a competing proposal from Victory Capital Management.

  • March 23, 2026

    J&J Amici Seek Clarity On Goldman Precedent For Class Cert.

    Four groups of amici have urged the U.S. Supreme Court to take up Johnson & Johnson's challenge to a Third Circuit decision allowing a securities class action over its talc products to proceed, warning the ruling could reshape how shareholder suits are litigated nationwide.

  • March 23, 2026

    SEC's Atkins Promises Changes To Adviser Pay-To-Play Rule

    U.S. Securities and Exchange Commission Chairman Paul Atkins indicated Monday that his agency plans to loosen the rules around political contributions made by investment advisers, saying that current regulations present a "trap for the unwary."

  • March 23, 2026

    Sidley, Kirkland Steer $1.1B Sale Of EyeSouth's Retina Biz

    Private equity shop Olympus Partners, advised by Kirkland & Ellis LLP, on Monday unveiled plans to sell the retina business of EyeSouth Partners to Sidley Austin LLP-led Cencora Inc. in a $1.1 billion deal.

  • March 23, 2026

    REIT Bidding War Advances With 'Superior' Offer, New Entry

    Mortgage servicing-focused real estate investment trust Two Harbors Investment Corp. said an unnamed third contestant has made an offer to acquire the company after it determined on Monday that CrossCountry Mortgage outbid a previous December offer from UWM Holdings Corp. of $1.3 billion. 

  • March 23, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket this past week featured high-stakes disputes involving major consumer brands, a reinstated video game executive, revived noncompete and compensation claims and fresh allegations of corporate misconduct in the healthcare sector.

  • March 23, 2026

    BJ's Says Pension Fund Oversteps With Climate Study Ask

    BJ's Wholesale Club told a Massachusetts federal judge that it cannot be forced to poll shareholders on whether the retailer should study the effects of deforestation on its supply chains, calling it an improper attempt at "micromanagement."

  • March 23, 2026

    Lead Edge Wraps Software-Focused Fund With $3.5B In Tow

    Software-focused private equity shop Lead Edge Capital on Monday announced that it closed its largest fund to date after securing $3.5 billion in investor commitments.

  • March 23, 2026

    Paul Hastings' Funds Growth Continues With Paul Weiss Atty

    Paul Hastings LLP announced Monday the fifth partner addition this year to its investment funds and private capital team, welcoming a former Paul Weiss Rifkind Wharton & Garrison LLP attorney to its New York office.

  • March 20, 2026

    UBS Gets Final OCC Nod For US Arm To Be National Bank

    The Office of the Comptroller of the Currency has granted final approval for UBS Group AG to convert its U.S. depository subsidiary into a national bank, a move the Swiss banking giant is touting as a boon for its stateside growth ambitions.

  • March 20, 2026

    BofA Hit With 2nd Class Suit Over Alleged $328M Crypto Scam

    Bank of America and a New Jersey IRA‑LLC facilitator are facing a growing wave of litigation over their alleged roles in enabling the $328 million Goliath Ventures cryptocurrency scam, with two new federal class actions filed this week accusing them of helping steer retirement and investment funds into what prosecutors say was a massive Ponzi scheme.

  • March 20, 2026

    Feds Don't Have To Reveal Probe Of BofA's Epstein Ties

    The federal government does not have to disclose a possible investigation into Bank of America's alleged role in enabling Jeffrey Epstein's sex trafficking scheme, a New York federal judge said Friday, explaining his order earlier this month denying the bank's bid to stay a civil suit that has since been settled.

Expert Analysis

  • Where 5th Circ. Ruling Fits In ERISA Arbitration Landscape

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    The Fifth Circuit's recent decision in Parrott v. International Bancshares, holding that an Employee Retirement Income Security Act plan may consent to arbitration, must be understood against the backdrop of a developing body of appellate authority addressing ERISA arbitration, say attorneys at Gibson Dunn.

  • Navigating Exclusion Decisions After SEC's No-Action Change

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    Following the U.S. Securities and Exchange Commission's November changes to the Rule 14a-8 no-action letter process, shareholder proponents have turned to litigation if companies excluded their proposals under the new framework, with three recent cases offering useful lessons for companies navigating exclusion decisions this proxy season, say attorneys at Cleary.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • Opinion

    AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

  • Series

    Playing Piano Makes Me A Better Lawyer

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    Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Del. Dispatch: Workplace Sexual Misconduct Liability In Flux

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    Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.

  • US-Ukraine Reconstruction Fund Tax Exemptions Uncertain

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    Tax provisions in the bilateral agreement to establish the U.S.-Ukraine Reconstruction Investment Fund, which recently announced it is accepting applications, are so broad and imprecise as to leave uncertainty regarding whether and when tax exemptions will apply to investors' income, say attorneys at Avellum and Debevoise.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

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