Asset Management

  • October 29, 2026

    Treasury Asked To Narrow Crackdown On Fund Strategies

    The U.S. Treasury Department should develop targeted rules distinguishing abusive transactions from long-standing investment management practices in new enforcement that scrutinizes novel strategies exploiting the tax benefits of certain investment vehicles and financial products, firms and organizations told the department.

  • October 29, 2026

    Block Investors Win Cert. In Biz Growth, Compliance Suit

    A California federal judge has certified a narrowed class of investors in Block Inc., the parent company of Square and Cash App, in a suit alleging the company failed to maintain a "strong compliance infrastructure" and misled investors about the growth of Cash App, leading to an 84% stock price decline once the truth came to light.

  • October 29, 2026

    Judge Seems Unswayed By Fears SEC Seeks 'Enemies List'

    A Pennsylvania federal judge on Thursday appeared reluctant to block the U.S. Securities and Exchange Commission's subpoena seeking information about voting advice that proxy adviser Institutional Shareholder Services gives to institutional investors despite ISS' concerns about political retaliation.

  • October 29, 2026

    BP Board Members Could Favor Biz Break-Up, More Rumors

    Some board members of oil and gas company BP could be in favor of splitting up the energy giant, Marvell Technology is in "advanced discussions" to acquire laser maker Lumentum in a deal that could be valued at up to $83 billion, and private equity giant TPG considers acquiring British data center group Ark from Elliott Investment Management.

  • October 29, 2026

    Cravath, Kirkland Steer $15.3B ADT Take-Private Deal

    New York investment firm Thrive Holdings has agreed to acquire security company ADT in an all-cash transaction for approximately $7.6 billion in equity value and $15.3 billion in enterprise value, ADT announced Thursday.

  • October 29, 2026

    Serval Valued At $3B After $150M Series C Round

    Enterprise service management and automation platform Serval revealed Thursday that it reached a $3 billion valuation after closing its latest funding round with $150 million in tow.

  • October 29, 2026

    DOL Finalizes Pharmacy Benefit Manager Fee Disclosure Rule

    The U.S. Department of Labor's employee benefits arm unveiled a final rule Thursday that requires pharmacy benefit managers — which act as intermediaries between drugmakers, pharmacies and insurers — to make new disclosures on their fees and compensation to employer-sponsored group health plans.

  • October 28, 2026

    Endeavor Sues Icahn Over 'Illegally Acquired' Shares

    Media company Endeavor Group Holdings Inc. sued billionaire investor Carl Icahn in New York federal court Wednesday, arguing he should be required to forfeit the shares in the company that he "illegally acquired" before it was taken private in a $13 billion acquisition by Silver Lake.

  • October 28, 2026

    Firehawk Defense Hits $1.4B Valuation After Latest Funding

    Defense technology company Firehawk Defense on Wednesday revealed that it reached a $1.4 billion valuation after closing its latest funding round with more than $150 million in tow.

  • October 28, 2026

    SEC Rejects Rengan Rajaratnam's Bid To End Adviser Ban

    The U.S. Securities and Exchange Commission has declined to lift a more-than-decade-old industry ban on the younger brother of convicted insider trader Raj Rajaratnam, rejecting his argument that the restriction has hampered his ability to find work in finance.

  • October 28, 2026

    Pharma Co. Settles Workers' 401(k) Forfeiture Suit

    Boehringer Ingelheim USA Corp. and workers who accused the pharmaceutical company of misusing forfeitures from an employee 401(k) plan have settled their federal benefits dispute, parties told a Connecticut federal court Wednesday.

  • October 28, 2026

    Judge Sides With Feds In Pair's $1.6M Tax Penalty Dispute

    A formerly married couple are not entitled to claim a refund of roughly $1.6 million for tax penalties related to a foreign trust, a Pennsylvania federal magistrate judge ruled, finding the court lacks jurisdiction because they failed to demonstrate they properly filed a refund claim.

  • October 28, 2026

    Trian-Led Investment Group Offers $1.4B To Acquire Wendy's

    A Trian Fund Management-led group of investors has proposed acquiring Wendy's for about $1.4 billion in a transaction that would take the fast-food chain private, a Wednesday securities filing shows.

  • October 27, 2026

    6 Firms Advise On Ares' $2.6B MidCap Financial Buy

    Ares Capital Corp. said Tuesday it has agreed to acquire middle-market lender MidCap Financial Investment Corp. in a stock-and-cash transaction for an enterprise value of about $2.6 billion, with six law firms advising on the transaction.

  • October 27, 2026

    IRS Asks 1st Circ. To Toss Shuttered Bank Owner's Claims

    The IRS asked the First Circuit to dismiss unlawful property seizure and due process claims against former IRS Criminal Investigation officers in a dispute related to a shuttered online bank suspected of facilitating tax evasion and money laundering, saying the bank's former owner failed to establish plausible allegations.

  • October 27, 2026

    Ex-Worker Sues M&T Bank Over 401(k) Fund In New Jersey

    An ex-worker hit M&T Bank with a proposed class action in New Jersey federal court, alleging that an underperforming investment fund in the bank's employee 401(k) plan cost workers tens of millions in future savings, breaching fiduciary duties under federal benefits law. 

  • October 27, 2026

    Paul Weiss-Led BCE Sells Stake In New Tower Biz For $1.74B

    Paul Weiss Rifkind Wharton & Garrison LLP-advised Canadian communications company BCE Inc. on Tuesday announced that its subsidiary Bell Canada has entered into an agreement with investment firm La Caisse to form a new wireless tower infrastructure company, with La Caisse acquiring a 49.9% stake in the new business for CA$2.45 billion ($1.74 billion).

  • October 27, 2026

    Amazon Says 'Net Impression' Can't Support Seafood Suit

    Amazon.com is asking a Washington federal judge to throw out a suit alleging that it misleads consumers about the sustainability of seafood products sold on the platform, saying the plaintiffs cannot base their suit on a "net impression" of claims Amazon never made.

  • October 27, 2026

    Calif. Appeals Court Nixes Arbitration Of Ex-Tech's PAGA Suit

    California workers can pursue representative claims under the state's Private Attorneys General Act without bringing individual claims, even after the law's 2024 amendments, a California appeals court ruled, rejecting an agricultural equipment company's bid to force a former employee into arbitration.

  • October 27, 2026

    Weil Loses 2 Regulatory Partners To Skadden In NY, DC

    Skadden Arps Slate Meagher & Flom LLP announced Tuesday it has hired two attorneys from Weil Gotshal & Manges LLP, as partner exits from that firm continue in the days following news of failed merger discussions with Willkie Farr & Gallagher LLP.

  • October 27, 2026

    Advent Secures $30B Across Its 2 Latest PE Funds

    Private equity shop Advent on Tuesday revealed that it raised $30 billion across its two latest private equity funds: its 11th flagship fund and a new middle-market private equity fund.

  • October 26, 2026

    3 Firms Steer Obesity Drugmaker Corxel's $377M SPAC Deal

    Obesity-focused biopharmaceutical company Corxel Pharmaceuticals Inc. on Monday unveiled plans to go public by merging with special-purpose acquisition company Amanat Acquisition Corp. in a deal expected to generate roughly $377 million in gross proceeds and that was built by three law firms.

  • October 26, 2026

    Heitman Settles Suit Over Ex-Worker's $1.4M Plan Payout

    Real estate investment firm Heitman and the estate of a former employee who died have agreed to settle a $1.4 million benefits dispute over the proceeds of her retirement account, the parties told a Massachusetts federal judge Monday.

  • October 26, 2026

    Empery Faces Limited Restrictions In ATG Proxy Fight

    The Delaware Chancery Court ruled Monday that Empery Digital Inc. must provide activist investor ATG Capital Opportunities Fund LP five business days' notice before taking certain major corporate actions while the parties fight over a disputed board seat, rejecting broader restrictions that could give ATG outsized influence over the company's operations.

  • October 26, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week approved a $250 million settlement of litigation over Microsoft Corp.'s acquisition of Activision Blizzard Inc., while Albertsons Cos. Inc. accused Kroger Co. of rejecting changes that could have saved their $24.6 billion merger, and the Delaware Supreme Court ordered Verisk Analytics Inc. to keep pursuing a $2.35 billion acquisition.

Expert Analysis

  • Opening Up Fraud Talks With Customers After SAR Guidance

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    Federal financial regulators’ recent statement that the Bank Secrecy Act permits financial institutions to discuss potential fraud with customers, provided they don’t reveal the existence of any suspicious activity reports, means banks that have been tighter-lipped than regulations require can consider passing additional useful information on to customers, say attorneys at MoFo.

  • Measuring Shareholder Harm In Death Spiral Convertibles

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    As convertible structures have recently regained prominence, it's important to revisit the so-called floating-price death spiral convertible and how to quantify the losses for shareholders when disputes arise, says Pavithra Kumar at Conexig.

  • Del. Ruling Shows How AI Meeting Transcripts Can Backfire

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    In ATG Capital Opportunities Fund v. Lane, the Delaware Court of Chancery reviewed board meeting transcripts generated by an artificial intelligence tool as part of its assessment of the board's motivations, highlighting potential risks of AI-generated corporate records, say attorneys at Debevoise.

  • OCC Plan May Bring Data Sharing Flexibility, Diligence Issues

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    The Office of the Comptroller of the Currency's recent proposal to overhaul its supervisory information sharing regime for the first time in decades would provide important flexibility to banks, but it could create new issues around confidentiality agreements, disclosure controls and diligence processes, say attorneys at Simpson Thacher.

  • Planning For D&O Exclusions As Risks Mount For Banks

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    Banks should scrutinize directors and officers exclusions for artificial intelligence, disclosure and cybersecurity risks during policy renewal negotiations to preserve coverage amid the current uptick in insurer scrutiny and related shareholder litigation, say attorneys at Jones Walker.

  • Why The SEC Proposed Rescinding Its 'Pay-To-Play' Rule

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    The U.S. Securities and Exchange Commission's recent proposal to nix its pay-to-play rule governing political contributions by investment advisers follows years of industry advocacy and commissioner criticism that it suppresses political speech and affects hiring, say attorneys at Simpson Thacher.

  • Parsing The Latest Signals On FTC Section 5 Enforcement

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    Federal Trade Commission cases brought over the last several years and Commissioner Mark Meador’s recent call for stand-alone Section 5 enforcement suggest businesses should prepare for continued scrutiny of conduct beyond traditional antitrust violations, particularly in essential goods, technology and labor markets, say attorneys at Axinn.

  • What Lawyers Should Know Before Accepting Crypto Payment

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    As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    California's financial regulators spent the third quarter of 2026 focusing on consumer protection enforcement at home while resisting federal efforts to displace state oversight — reinforcing the state's intention to shape the compliance landscape for institutions operating within its borders despite federal deregulatory trends, say attorneys at Ropes & Gray.

  • How States May Enter The Shareholder Proposal Landscape

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    Rescission of the U.S. Securities and Exchange Commission's shareholder proposal rule doesn't herald the end of shareholder activism, but it allows state legislatures to play a central role in determining the future of shareholder proposals, with that uncertainty creating new opportunities for both issuers and activists, say attorneys at Thompson Coburn.

  • Series

    Mentalism Makes Me A Better Lawyer

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    Convincing strangers I can read their minds may seem like an unusual second career for a legal practitioner, but both disciplines share several important requirements, including trust and preparation, says Warren Biro at Manatt.

  • Why And How To Build A Neurodiversity-Informed Practice

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    By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

  • How SEC Is Changing The Shareholder Proposal Landscape

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    The U.S. Securities and Exchange Commission continues to place its shareholder proposal rule at the center of its agenda, now with a newly proposed rule that would rescind it entirely, showcasing an agency seeking to narrow its overall focus, say attorneys at Thompson Coburn.

  • SEC's Shareholder Activism Role After The '26 Proxy Season

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    The U.S. Securities and Exchange Commission recently proposed eliminating its shareholder proposal rule, but this proxy season's combination of elevated campaign activity, limited formal escalation and measured voting outcomes illustrates why a targeted SEC role remains important, say attorneys at Sidley.

  • Opinion

    CFTC's New Award Policy Punishes Whistleblower Success

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    The U.S. Commodity Futures Trading Commission recently capped four whistleblower awards because it considered them too large, arguing that it could lead to frivolous reporting, but the move instead penalizes the program for its own success and flies in the face of the framework enacted by Congress, say attorneys at Whistleblower Partners.

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