Asset Management

  • May 01, 2026

    5 Argument Sessions Benefits Attys Should Watch In May

    HP, Siemens and Honeywell will defend victories in 401(k) forfeiture suits at the Ninth and Third circuits, while union pensioners will battle over life insurance and early retirement benefits at the Tenth and Seventh circuits. Here, Law360 looks at five coming oral argument sessions that benefits attorneys may want to keep an eye on.

  • May 01, 2026

    Crypto Co. Seeks Sanctions For Depo Conduct In $8.1M Suit

    A cryptocurrency business that accuses a former trader of usurping $8.1 million in digital assets wants him sanctioned for his conduct during a deposition, saying he was coached by his attorney and intentionally gave ambiguous answers.

  • May 01, 2026

    Steel Firm Workers Get OK For $1.8M ESOP Deal, $600K Fee

    A Michigan federal judge has approved a $1.8 million class settlement resolving claims that trustees of a steel company employee stock ownership plan overpaid for company stock, finding the deal "fair, reasonable and adequate" and in the best interest of plan participants. 

  • May 01, 2026

    Untangling The Legacy Of LIV's Bid To Upend Pro Golf

    The Saudi government's decision to cease funding for LIV Golf is a sea change both for the PGA Tour and the upstart league that once plunged the sport into a legal free-for-all that put the game's power brokers on notice.

  • May 01, 2026

    How Paul Clement Does It All

    For most lawyers, getting to argue before the U.S. Supreme Court is a once-in-a-lifetime event, but for a select few, it's a common occurrence. Clement & Murphy PLLC name partner Paul Clement is one of those lawyers. 

  • May 01, 2026

    Sidley, Goodwin Lead $1.1B Take-Private Deal For Esperion

    Biopharmaceutical company Esperion Therapeutics, advised by Goodwin Procter LLP, on Friday announced plans to go private after being bought by Sidley Austin LLP-led healthcare-focused investment firm Archimed in a $1.1 billion deal.

  • May 01, 2026

    SEC's Corp. Governance Shift Puts Onus On States, Cos.

    Lawyers who work with clients on corporate governance matters had a warm response to a recent pledge from U.S. Securities and Exchange Commission Chairman Paul Atkins to let states handle such issues, saying the shift marks a return to the agency's historical approach and may spur increased activity among state regulators.

  • April 30, 2026

    Glass Lewis, ISS File More Suits Over State Proxy Laws

    Proxy advisory firms Glass Lewis & Co. LLC and Institutional Shareholder Services Inc. have sued the state attorneys general of Indiana and Kansas over laws the firms say are unconstitutional and impose burdensome requirements for issuing recommendations that go against corporate managers' wishes.

  • April 30, 2026

    Ariz. Bank Hit With Fraud Suit Over Merger Terms

    A Chicago investment fund has accused an Arizona-based community bank of duping shareholders of an Illinois savings and loan company into approving the institutions' $90 million merger, saying the offering materials touted an unachievable payout for investors.

  • April 30, 2026

    How Sullivan & Cromwell Won An $18B 'Bet The Country' Case

    It is not often that a Second Circuit ruling is hailed as "the greatest legal achievement in national history" by a country's president, but that's what happened after a team from Sullivan & Cromwell LLP persuaded the appellate panel to nix an $18 billion judgment against Argentina.

  • April 30, 2026

    Ex-Husch Blackwell Partner Urges Discovery In ERISA Dispute

    A former Husch Blackwell LLP partner has urged a Missouri federal court to ignore the firm's request for summary judgment in a dispute over employee retirement benefits, arguing discovery should proceed in the proposed class action.

  • April 30, 2026

    UP, Norfolk Southern Refile $85B Merger Bid With Regulators

    Union Pacific and Norfolk Southern on Thursday submitted a revised application to federal rail regulators for their proposed $85 billion mega-merger, touting the efficiencies and cost-savings of their combined coast-to-coast rail network, while also seeking to quell competition concerns.

  • April 30, 2026

    BofA Denied Quick 4th Circ. Appeal In 401(k) Forfeiture Suit

    A North Carolina federal judge has turned down Bank of America Corp.'s request for a quick appeal of his order denying the bank's request for an early exit from a proposed class action alleging forfeitures were misspent from workers' 401(k) plans.

  • April 30, 2026

    NC Biz Court Bulletin: Corporate Raid, MV Realty Settlement

    A major case settled in the North Carolina Business Court in April as new lawsuits emerged, including a complaint by health information technology company IQVIA Holdings Inc. accusing its former top brass of orchestrating a corporate raid and defecting to a competitor. In case you missed this story and others, here are the highlights.

  • April 29, 2026

    Shoals, Investors Strike $70M Deal To Settle Wire Defect Suit

    Shoals Technologies Group Inc. and investors who accused the solar energy equipment-maker of having downplayed defects in its wire harnesses used in aggregating electricity have reached a settlement that, if approved, would pay roughly $70 million to a settlement class, they have told a Tennessee federal judge.

  • April 29, 2026

    Janus Henderson Inks $6.5M 401(k) Fund Suit Deal

    Janus Henderson will fork over $6.5 million to settle a proposed class action alleging that the asset manager breached fiduciary duties by promoting underperforming proprietary investments in its employee 401(k) plan, according to the terms of the deal filed in Colorado federal court Wednesday.

  • April 29, 2026

    Charcoal Substitute Startup Accused Of Stealing $500K

    A Wyoming-based holding company owned by a Colorado family claimed in state court Tuesday that the owners of a now-defunct facility that produced a charcoal substitute fleeced them out of $500,000 by making false assertions about the business and its financial health.

  • April 29, 2026

    Powell Says He'll Stay On Fed Board After Time As Chair Ends

    Federal Reserve Chair Jerome Powell said Wednesday that he won't immediately leave the central bank once his term ends next month and plans instead to remain on its board temporarily, pointing to the Trump administration's recent "legal attacks" on the institution.

  • April 29, 2026

    Teva Acquires Tourette's Drugmaker For Up To $900M

    Biopharmaceutical company Teva Pharmaceuticals, advised by Faegre Drinker Biddle & Reath LLP, on Wednesday announced plans to acquire Bradley Arant Boult Cummings LLP-advised Emalex Biosciences for up to $900 million.

  • April 29, 2026

    3 Firms Guide $5B IPO For Ackman's Pershing Square Fund

    Pershing Square Inc. founder and CEO Bill Ackman's investment company began trading publicly on Wednesday after raising $5 billion in a "combined" initial public offering that sold shares of a new closed-end investment fund alongside shares of his hedge fund company.

  • April 29, 2026

    Warsh's Fed Bid Moves Ahead After Powell Probe Is Shelved

    A U.S. Senate panel on Wednesday advanced President Donald Trump's pick of Kevin Warsh to lead the Federal Reserve, putting him on track for confirmation next month after a Republican holdout lifted his blockade tied to the now-dropped probe of current Fed Chair Jerome Powell.

  • April 28, 2026

    Celsius' Mashinsky Must Pay FTC $10M

    A Manhattan federal judge on Tuesday ordered Celsius Network's co-founder to pay $10 million to the U.S. Federal Trade Commission to settle litigation saying he misrepresented the cryptocurrency lender's practices and safety measures, and that she'd suspend a $4.7 billion judgment based on his cooperation with the government.

  • April 28, 2026

    Parents Fight Phillies Player's MLB Pay Control Suit

    The parents of Philadelphia Phillies third baseman Alec Bohm have hit back against allegations that they mismanaged his finances, telling a Pennsylvania state court that they have taken only prudent steps to protect their son's earnings.

  • April 28, 2026

    SPAC Targets Maha Capital In $490M Energy-Fintech Deal

    Maha Capital AB, a Swiss public company that boasts a portfolio of energy-related assets and fintech operations, on Tuesday revealed it had entered into a letter of intent to merge with special purpose acquisition company Blue Water Acquisition Corp. IV to form a new, publicly traded company.

  • April 28, 2026

    Robinhood Fraudsters Must Pay $432K In SEC Judgment

    Two men who pled guilty in 2024 to being involved in a scheme to steal millions of dollars from trading firm Robinhood must pay, in total, more than $432,000 in disgorgement and over $42,000 in prejudgment interest in a parallel civil suit brought by the SEC.

Expert Analysis

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

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    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • AG Watch: Ohio Targets DEI Policies

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    As Ohio Attorney General Dave Yost seeks to eliminate diversity, equity and inclusion programs in both public education institutions and private companies, Ohio entities must carefully navigate this constantly evolving, highly contentious topic to avoid litigation while also not forfeiting their core principles, say attorneys at BakerHostetler.

  • Assessing Ruling On SEC Industry Bars In Post-Jarkesy World

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    According to a D.C. federal court in Sztrom v. U.S. Securities and Exchange Commission, the U.S. Supreme Court's 2024 decision in SEC v. Jarkesy did not eliminate the commission's ability to pursue industry bars through administrative follow-on proceedings, a major blow for future Article 3 challenges — so long as it stands, say attorneys at Venable.

  • How Banks Can Apply FinCEN Beneficial Ownership Relief

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    A recent Financial Crimes Enforcement Unit order limiting the circumstances under which banks should identify and verify beneficial owners may allow banks to tailor their approach to verification compliance, but only after reviewing customer due diligence policies and evaluating alignment with their risk profiles, say attorneys at Cleary.

  • Series

    Volunteering With Scouts Makes Me A Better Lawyer

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    Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.

  • Series

    Law School's Missed Lessons: In Court, It's About Storytelling

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    Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

  • How Leveraged Lending Pivot May Alter Bank Risk Oversight

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    The Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency's recent withdrawal of leveraged lending guidance introduces several principles that may allow banks to better apply enterprisewide risk management programs and potentially create additional competition in the private credit loan market, say attorneys at Mayer Brown.

  • How Recent Del. Rulings Clarify M&A Deal Fraud Carveouts

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    Two recent Delaware decisions have provided clarity regarding when a party can or cannot rely on representations made during the course of an M&A transaction, particularly on the scope and enforceability of antireliance provisions, and on representations they knew or should have known were false, says Anthony Boccamazzo at Olshan Frome.

  • Aligning Microsoft Tools With NYC Bar AI Recording Guidance

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    The New York City Bar Association’s recently issued formal opinion, providing ethical guidance on artificial intelligence-assisted recording, transcription and summarization, raises immediate questions about data governance and e-discovery for companies that use Microsoft 365 and Copilot, say Staci Kaliner, Martin Tully and John Collins at Redgrave.

  • FINRA Guide Refines Rules Of The Road For Negative Consent

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    A recent Financial Industry Regulatory Authority notice streamlines the use of negative consent letters to customers, particularly for introducing brokers and clearing brokers, but it also attaches greater responsibility to compliance, and firms must ensure use of negative consent remains firmly within FINRA's bright-line rules, say attorneys at Mintz.

  • 11th Circ. NextEra Ruling Broadens Loss Causation Standard

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    The Eleventh Circuit's recent Jastram v. NextEra Energy decision significantly expands the loss causation standard at the motion-to-dismiss stage and may lead to suits predicated on more tenuous connections between company disclosures and alleged misstatements, say attorneys at Sidley.

  • 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.

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