Asset Management

  • August 13, 2026

    CIBC Deal Ends Hedge Fund's Pharma Stock Spoofing Suit

    A lawsuit accusing major banks of manipulating a former Canadian pharmaceutical company's stock and inflicting millions in losses on a hedge fund is drawing to a close after more than five years of litigation, according to a Thursday filing in New York federal court.

  • August 13, 2026

    777 Partners Gets New DIP Offer After Contentious Hearing

    Investment firm 777 Partners told a Texas bankruptcy judge on Thursday that it had received a competing offer to fund its Chapter 11 case, two days after the judge ended a hearing on the company's bankruptcy financing by imploring the debtors to come up with an alternative proposal.

  • August 13, 2026

    Wolfspeed Escapes Investor Suit Over 'Optimistic' Projections

    A North Carolina federal judge has thrown out a proposed class action lawsuit accusing chipmaker Wolfspeed Inc. of deceiving investors about demand for its products, saying that the claims in the suit amount to "fraud by hindsight."

  • August 13, 2026

    7 States Urge Feds To Reject $85B UP, Norfolk Southern Deal

    Seven state attorneys general are urging the federal Surface Transportation Board to reject the planned $85 billion merger between Union Pacific Corp. and Norfolk Southern Corp., saying the rail giants have not shown how the deal would serve the public interest.

  • August 13, 2026

    Exec Gets 2 Years For Role In $380M Ponzi Scheme

    A former financial advisory group executive who federal prosecutors said used investor money gleaned from a $380 million Ponzi scheme to buy herself a house was sentenced Thursday to two years in prison after pleading guilty to money laundering in March.

  • August 13, 2026

    SEC May Vote To Ease Pay-To-Play Rules This Year

    The U.S. Securities and Exchange Commission has informed the White House that it could soon move forward with plans to loosen the rules around political contributions made by investment advisers, regulations that SEC Chair Paul Atkins has recently called "a trap for the unwary."

  • August 13, 2026

    5th Circ. Narrows Tax Break Ruling For Limited Partners

    A Fifth Circuit panel revised its ruling in a long-running feud over the self-employment tax exclusion for certain business partners, adjusting its interpretation of "limited partner" and narrowing its finding that a state's limited liability designation triggers the tax break.

  • August 12, 2026

    CodeRabbit Hits $1.5B Valuation After $143M Funding Round

    Artificial intelligence code review company CodeRabbit, advised by Wilson Sonsini Goodrich & Rosati PC, on Wednesday revealed that it reached a $1.5 billion valuation after raising $143 million in its latest funding round.

  • August 12, 2026

    AI Coding Startup Lovable Raises $400M At $13.3B Valuation

    Swedish artificial intelligence coding platform Lovable on Wednesday revealed that it reached a $13.3 billion valuation after raising $400 million in its latest funding round.

  • August 12, 2026

    DC Physician Group Settles ERISA Plan Mismanagement Suit

    A George Washington University-affiliated physician group has agreed to settle a suit claiming it allowed its $345 million retirement plan to be bogged down by underperforming and pricey investment funds, according to a filing Tuesday in D.C. federal court.

  • August 12, 2026

    Goldman Sachs To Buy NEOS Investments For Up To $2.25B

    Goldman Sachs said Wednesday that it has agreed to acquire NEOS Investments, a provider of options-based income exchange-traded funds, for up to $2.25 billion in cash and equity, in a transaction steered by three law firms. 

  • August 12, 2026

    Ex-Raymond James Adviser Fined After Taking $947K In Gifts

    Connecticut's banking and securities regulator has fined a onetime Raymond James investment adviser agent for borrowing $140,000 from a brokerage client, accepting $947,000 in gifts from two clients and making an inaccurate statement on a form she filed in connection with her next job at Lincoln Investment, according to a consent order.

  • August 12, 2026

    Clean Harbors Snags EnviroServe In $470M Cash Deal

    Environmental and industrial services provider Clean Harbors Inc., led by Davis Malm & D'Agostine PC, on Wednesday unveiled plans to acquire Latham & Watkins LLP-advised environmental and waste management services company EnviroServe from an affiliate of One Rock Capital Partners in a $470 million cash deal.

  • August 12, 2026

    Lakers Poised For Record $12.5B Sale To Former Disney CEO

    Former Walt Disney Co. CEO Bob Iger and venture capitalist Joshua Kushner agreed to buy the Los Angeles Lakers on Wednesday in a deal that values the historic franchise at $12.5 billion, a record figure for an American sports team.

  • August 11, 2026

    VC Fund Says SEC Has Spun 'Innocent' Lapses Into Fraud

    Venture capital firm Backswing Ventures GP LLC has urged a Florida federal court to dismiss a U.S. Securities and Exchange Commission suit, arguing the SEC has spun "innocent administrative lapses" into an alleged fraud despite evidence to the contrary.

  • August 11, 2026

    Canadian Banks Selling Moneris To Francisco For $1.4B

    Toronto-based payments company Moneris Solutions Corp. has agreed to be acquired by Francisco Partners Management LP for about CA$2 billion ($1.44 billion), as joint owners Bank of Montreal and Royal Bank of Canada look to exit the business while keeping commercial ties, the companies said Monday.

  • August 11, 2026

    'Joker' Producer Pleads Not Guilty To $100M Investment Fraud

    The producer behind the 2019 movie "Joker" and other notable projects pled not guilty Tuesday to seven federal wire fraud charges accusing him of stealing at least $100 million from investors who thought they were putting money into future projects.

  • August 11, 2026

    Apollo Sports Capital Plugs $2.6B Into NY Yankees

    The holding company of the MLB's New York Yankees on Tuesday revealed a $2.6 billion financing agreement with affiliates of Apollo Sports Capital in a deal built by three law firms.

  • August 11, 2026

    Worker Says Meijer Can't Duck Suit Over Tobacco Use Fee

    A Meijer grocery store worker on Monday urged a Michigan federal judge not to dismiss his proposed class action saying the Midwestern chain violated federal benefits laws when it imposed a tobacco use surcharge on its employees without properly communicating how the fee could be avoided or refunded.

  • August 11, 2026

    SEC Prepared To Introduce Crypto Regulations This Week

    The U.S. Securities and Exchange Commission plans to hold a meeting Friday during which it could issue a proposed rule outlining a path forward for the trading of crypto-assets under the agency's oversight.

  • August 11, 2026

    Industrial Retailer Settles Ex-Workers' 401(k) Forfeiture Suit

    An Illinois federal judge on Tuesday agreed to stay a proposed class action against industrial retailer W.W. Grainger from ex-workers who alleged the company misspent forfeitures from an employee 401(k) plan, after parties told the court they had settled their dispute.

  • August 11, 2026

    6 Firms Steer CA$6.7B Sale Of H&R REIT

    Toronto-based H&R Real Estate Investment Trust announced Tuesday it has agreed to be acquired by GO Residential Real Estate Investment Trust and a consortium of buyers, in a deal that has a CA$6.7 billion ($4.8 billion) enterprise value and was built by six law firms.

  • August 11, 2026

    Plumbing Co. To Pay $13.75M To End ESOP Suit

    A plumbing subcontracting company will pay $13.75 million to settle workers' class action alleging its co-founders sold company shares to an employee stock ownership plan at an inflated price and later repurchased them for far less, according to a filing in California federal court.

  • August 10, 2026

    9th Circ. Backs Unum Win In Worker's Long-COVID Fight

    The Ninth Circuit on Monday affirmed an insurance company's win in an ex-worker's suit alleging his long-term disability benefits stemming from his bout with long COVID were wrongfully denied, upholding a district court's decision to back the insurer's denial based on the medical evidence. 

  • August 10, 2026

    Trump Pick Confirmed To NCUA As Hauptman Joins PCAOB

    The National Credit Union Administration is poised for new leadership after senators on Friday confirmed Trump nominee John Crews to its board, whose acting Chairman Kyle Hauptman has departed for a seat on the Public Company Accounting Oversight Board.

Expert Analysis

  • Series

    Bass Fishing Makes Me A Better Lawyer

    Author Photo

    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • How Rated Note Feeders Help Insurers Tap Private Credit

    Author Photo

    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

    Author Photo

    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Agentic AI And Securities Law: Who Is The Adviser?

    Author Photo

    Securities regulation has always been actor-based, but as agentic artificial intelligence becomes more common, it will push the law toward a partially system-based framework in which systems themselves, and the relationships between them and their deployers, are the focus of regulatory attention, says Joseph A. Hall at Davis Polk.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

    Author Photo

    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • A Potential Turning Point For Short-And-Distort Claims

    Author Photo

    A California federal jury's conviction of Andrew Left signals that the historically blurry line between securities fraud and legitimate criticism of companies is growing clearer, and that there is a viable recourse against so-called short-and-distort campaigns intended to create a false impression of the market, say attorneys at Baker McKenzie.

  • CFTC Policy Substantially Expands Self-Reporting Incentives

    Author Photo

    A recent U.S. Commodity Futures Trading Commission policy moves from a mitigation-centered model to prioritizing declination for early self-reporting and full cooperation, reflecting a deliberate effort to harmonize voluntary self-disclosure incentives across the federal enforcement authorities, say attorneys at Sullivan & Cromwell.

  • Series

    Choral Singing Makes Me A Better Lawyer

    Author Photo

    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

    Author Photo

    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

    Author Photo

    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

  • Agentic AI And Securities Law: Evolving Risk Disclosures

    Author Photo

    The U.S. disclosure regime is built on the premise that management can describe the material facts and risks facing its business, but, with the advent of agentic artificial intelligence, the question is whether the regime can accommodate decision-making systems whose behavior is not fully predictable, says Joseph A. Hall at Davis Polk.

  • More Cos. Will Copy SpaceX's Shareholder Proposal Opt-Out

    Author Photo

    For more than 80 years, the shareholder proposal looked like a federal right guaranteed to all public company investors, but after SpaceX opted out before its recent initial public offering, other companies are likely to follow, says Mohsen Manesh at the University of Oregon School of Law.

  • Prediction Market Case Will Test US Insider Trading Reach

    Author Photo

    The insider trading case recently brought against Google employee Michele Spagnuolo may help clarify the extraterritorial reach of the Commodity Exchange Act and U.S. agencies' ability to police foreign trading in prediction markets, say attorneys at Akin.

  • Series

    Power To The Paralegals: Burnout As A Structural Problem

    Author Photo

    Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.

  • Ill. Law Firm MSO Bill Clashes With Court Power, Ethics Rules

    Author Photo

    An Illinois bill prohibiting law firms from certain business arrangements with management service organizations, sent to the governor for signature last week, encroaches upon the courts' constitutional powers and goes beyond the Illinois Rules of Professional Conduct in regulating investment in law-related services, says Matthew O’Hara at Smith Gambrell.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Asset Management archive.