Asset Management

  • February 10, 2026

    Financial Services Forum Taps Ex-Truist Exec For GC

    Banking industry group Financial Services Forum has hired a general counsel who most recently was a senior Truist Financial Corp. lawyer and who previously worked at the Federal Reserve Board of Governors as senior counsel in its legal division.

  • February 10, 2026

    NC Justices Told Not To Disturb Lindberg's $122M Penalty

    A group of insurance companies that say convicted billionaire Greg Lindberg is responsible for their "financial ruin" are fighting to keep in place a $122 million contempt order against him, telling North Carolina's highest court there's no compelling reason to review the decision.

  • February 10, 2026

    European Wax Center To Go Private In $330M Cash Deal

    Waxing services giant European Wax Center Inc. on Tuesday announced plans to go private after being acquired by investor General Atlantic in an all-cash deal valued at roughly $330 million.

  • February 10, 2026

    Tech Co. Ex-Workers Must Arbitrate Expenses Fight

    Two opt-in workers signed arbitration agreements with a customer experience technology company, and thus their expense claims cannot remain in court, a Colorado federal judge ruled, administratively closing the case.

  • February 10, 2026

    Fresenius Can't Knock Out 401(k) Forfeiture Suit

    A Massachusetts federal judge narrowed but declined to dismiss a suit claiming dialysis company Fresenius violated federal benefits law by using forfeited 401(k) funds to pay for match contributions instead of plan fees, ruling the workers behind the suit adequately explained that the move may have flouted their interests.

  • February 10, 2026

    AI Docs Sent By Exec To Attys Not Privileged, Judge Says

    A Manhattan federal judge said Tuesday that a Texas financial services executive accused of a $150 million fraud cannot claim privilege over documents that he prepared using an artificial intelligence service and sent to his attorneys — but suggested the materials could be problematic if used at trial.

  • February 10, 2026

    Whooping Cough-Focused Biotech Wraps $115M Fundraise

    Florida-based biotechnology company ILiAD Biotechnologies Inc. on Tuesday revealed that it wrapped its latest financing round after securing $115 million from investors, which will be used to advance development on a potential whooping cough vaccine.

  • February 09, 2026

    Ex-Morgan Stanley Pro Scorns Key NBA Witness In Fraud Trial

    Counsel for an ex-Morgan Stanley investment adviser accused of defrauding pro athletes out of millions of dollars leaned hard on former NBA player Chandler Parsons in cross-examination after he testified against his onetime friend and go-to money man as the defense sought to discredit one of the government's key witnesses.

  • February 09, 2026

    Sentencing Commission's Reform Ideas May Cut Prison Time

    Proposed new amendments to the federal sentencing guidelines could lead to shorter prison terms for many offenders, including by revising loss calculations for financial crimes and providing a first-of-its-kind path to reward defendants for post-offense, pre-sentence rehabilitative efforts.

  • February 09, 2026

    LRN Shareholder To Pay $18M To End Del. Defamation Suit

    Activision founder Howard Marks will pay $18 million to LRN Corp. Chairman Dov Seidman and two others to exit a Delaware Superior Court defamation lawsuit over statements he made as class representative in a separate Delaware Court of Chancery shareholder case, a Monday filing states.

  • February 09, 2026

    Nationwide ERISA 401(k) Class Action Heads To Bench Trial

    Nationwide Mutual Insurance Co. must face a trimmed class action pursued by employee 401(k) plan participants alleging mismanagement, an Ohio federal judge ruled in an opinion unsealed Monday, telling the parties to prepare for a bench trial on the surviving claims.

  • February 09, 2026

    9th Circ. Backs Comerica's Escape From Investor Suit

    The Ninth Circuit backed Comerica's win in an investor dispute led by a pension fund accusing the bank of misleading investors about its oversight of a U.S. Department of the Treasury contract, concluding a California federal judge was right to permanently toss the case for failure to state a claim.

  • February 09, 2026

    Crypto Investor's $16M Case Ousted From Chancery

    The Delaware Chancery Court on Monday dismissed a cryptocurrency investor's lawsuit accusing a group of crypto entities and insiders of engineering a $16 million "pump and dump" scheme, ruling the claims were not properly brought in equity and belong, if anywhere, in the Delaware Superior Court instead.

  • February 09, 2026

    Catching Up With Delaware's Chancery Court

    Delaware's chancellor has rejected a bid for dismissal of a derivative suit accusing Coinbase Global Inc. insiders of massively unloading shares ahead of a steep stock drop, stressing a special litigation committee's failure to meet independence standards.

  • February 09, 2026

    Tool Co. Can't Escape Workers' 401(k) Forfeiture Suit

    An Illinois tool manufacturer lost a bid to toss a proposed class action alleging it mismanaged an employee 401(k) plan, after a federal judge held Monday that workers stated a claim under federal benefits law by asserting the company disloyally spent forfeitures on employer-side contributions instead of plan expenses.

  • February 09, 2026

    Deutsche Bank Escapes FDIC's RMBS Underwriter Claims

    A brokerage and investment banking arm of Deutsche Bank ducked a lawsuit the Federal Deposit Insurance Corp. had brought against it over investment losses suffered by now-failed Citizens National Bank, after a New York federal judge determined Monday it did not have a relevant role in underwriting residential mortgage-backed securities Citizens bought more than two decades ago.

  • February 09, 2026

    State Street Says Kronos Data Breach Cost It $27.6M

    Human resources software provider UKG Kronos has failed to adequately address a 2021 data breach that left State Street Bank without access and put it at legal risk in multiple countries, the financial services company said in a $27.6 million lawsuit filed in Massachusetts state court.

  • February 09, 2026

    Safanad Sells UK Care Home Biz To REIT For $1.6B

    Principal-led investment company Safanad announced Monday that it sold U.K. care-home provider HC-One to a healthcare real estate investment trust for over $1.6 billion.

  • February 06, 2026

    STB Pledges 'Rigorous Review' Of UP, Norfolk Southern Deal

    The Surface Transportation Board has reassured lawmakers that it will "conduct a rigorous and comprehensive review" of Union Pacific's proposed $85 billion merger with Norfolk Southern, as the board weighs a flurry of comments from industry stakeholders on the deal's sweeping implications for the U.S. economy.

  • February 06, 2026

    Brooklyn Adviser Settles SEC's $4.1M Affinity Fraud Claims

    A Brooklyn investment adviser has reached a settlement with the U.S. Securities and Exchange Commission to settle claims that he defrauded fellow members of his Russian American Jewish community out of at least $4.1 million, including inherited Holocaust restitution funds.

  • February 06, 2026

    Kirkland Leads Jennifer Garner's Baby Food Co.'s $198M IPO

    Once Upon a Farm, an organic baby food brand co-founded by actor Jennifer Garner, began trading Friday after it raised nearly $198 million by offering 11 million shares, in an offering guided by Kirkland & Ellis LLP and Weil Gotshal & Manges LLP.

  • February 06, 2026

    Hospital Pays $595K To End Ex-Workers' Retirement Suit

    A Cambridge hospital system agreed to pay $595,000 to settle a proposed class action claiming it mismanaged its $280 million retirement plan and cost workers millions in savings by failing to reduce management fees and trim costly funds from the plan, according to a Massachusetts federal court filing.

  • February 06, 2026

    3 Firms Lead TPG's Stake Acquisition Of Sabre Industries

    Global alternative asset management firm TPG will acquire a majority stake in critical infrastructure provider Sabre Industries Inc. from Blackstone Energy Transition Partners in a deal guided by Latham & Watkins LLP, Kirkland & Ellis LLP and Vinson & Elkins LLP, the companies announced Friday.

  • February 06, 2026

    Ricoh Will Pay $1.75M To End 401(k) Forfeiture, Fee Suits

    Ricoh USA Inc. has agreed to pay $1.75 million to end two proposed class actions from ex-workers alleging the technology company allowed excessive fees, offered underperforming investments and misspent forfeitures from its $2 billion employee 401(k) retirement plan, according to filings in Pennsylvania federal court.

  • February 06, 2026

    Holland & Knight Adds Troutman Atty In Financial Services

    Holland & Knight LLP announced the hiring of a former partner at Troutman Pepper Locke LLP for its financial services practice group in New York.

Expert Analysis

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

  • Where PCAOB Goes Next After A Year Of Uncertainty

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    The Public Company Accounting Oversight Board will likely bring fewer enforcement matters in 2026, reflecting a notable change in board priorities following the change in administrations, say Robert Cox and Nicole Byrd at Whiteford Taylor and Matthew Rogers at Bridgehaven Consulting.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • How Specificity, Self-Dealing Are Shaping ERISA Litigation

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    Several recent cases, including the U.S. Supreme Court's forthcoming ruling in Anderson v. Intel, illustrate the competing forces shaping excessive fee litigation, with plaintiffs seeking flexibility, courts demanding specificity, fiduciaries facing increased scrutiny for conflicts of interest, and self-dealing amplifying exposure, says James Beall at Willig Williams.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • 5th Circ. Ruling Clarifies Tax Rules For Limited Partners

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    The Fifth Circuit’s Jan. 16 decision in Sirius Solutions v. Commissioner provides greater tax planning certainty by adopting a bright-line test for determining when partners in limited liability companies are exempt from self-employment tax, say attorneys at K&L Gates.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • What To Expect From Justices' 401(k) Ruling, DOL Rulemaking

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    The U.S. Supreme Court's upcoming ruling in Anderson v. Intel, addressing alternative assets in defined contribution plans, coupled with the U.S. Department of Labor's recently proposed regulation on fiduciary duties in selecting alternative investments, could alleviate the litigation risk that has impeded wider consideration of such investments, say attorneys at Ropes & Gray.

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