Asset Management

  • July 23, 2025

    Lockheed Cleared To Seek 4th Circ. Review In Annuity Fight

    A Maryland federal judge cleared Lockheed Martin to immediately appeal his decision declining to dismiss a suit claiming the company shirked federal benefits law by pushing $9 billion in pension funds into risky annuities, ruling the case's standing questions are fit for Fourth Circuit review.

  • July 23, 2025

    PE-Backed Consumer Data Giant NIQ Prices $1.1B IPO

    Private equity-backed consumer research services provider NIQ Global Intelligence began trading after pricing its initial public offering at $1.1 billion within its marketed range, one of two new listings to debut Wednesday.

  • July 22, 2025

    Investor Sanctioned For Ignoring Telecom Arbitration Award

    A New York federal judge has sanctioned an investor in telecommunications infrastructure firm Continental Towers LATAM Holdings Ltd. for ignoring an arbitral award issued in a bitter, yearslong dispute over control of the company, saying he hasn't done enough to vacate offending judgments in the British Virgin Islands.

  • July 22, 2025

    CME E-Trading Was Open Before Data Center, Jury Hears

    Chicago Mercantile Exchange members were using electronic trading connectivity tools alongside nonmembers and paying equal access fees for at least a decade before the exchange opened a data center that some members alleged violated their contractual floor exclusivity and access rights, an Illinois jury heard Tuesday.

  • July 22, 2025

    Judge Won't Stay Highland Ch. 11 Over Charity Fraud Probe

    A Texas bankruptcy judge has refused to stay the Chapter 11 case of Highland Capital LP in whole or in part, denying a pair of requests from the state of Texas and from a trust affiliated with ex-CEO James Dondero after finding the reason for their requests irrelevant to the case.

  • July 22, 2025

    Quantum Wants FTC To Lift Order On $5.2B Natural Gas Deal

    The Federal Trade Commission is asking for public feedback on a Quantum Energy Partners petition aiming to set aside a consent order the agency entered over a $5.2 billion deal that EQT Corp. struck with Quantum for oil and gas assets in Appalachia.

  • July 22, 2025

    House Panel Knocks EBSA Sharing Info With Workers' Attys

    House lawmakers on Tuesday criticized the U.S. Department of Labor's employee benefits subagency for sharing information from enforcement investigations with plaintiffs attorneys representing benefit plan participants, with some lawmakers calling on Congress to pass new legislation to curb the practice.

  • July 22, 2025

    Tax Software Co. Avalara, Universal Music Submit IPO Plans

    Avalara Inc. and music giant Universal Music Group NV have confidentially filed plans for initial public offerings with the U.S. Securities and Exchange Commission, marking the latest two companies to join the private-to-public pipeline.

  • July 22, 2025

    Native Groups Reject Trump's Call For Old Team Names

    Two Native American advocacy groups are condemning President Donald Trump's threat to kill a $3 billion plan for the new Washington Commanders stadium if the NFL team's former name isn't reinstated, saying Indigenous cultures are not past relics, mascots or forms of entertainment.

  • July 22, 2025

    BCLP Adds PE Transactions Pro From Golenbock Eiseman

    Bryan Cave Leighton Paisner announced the addition of a former Golenbock Eiseman Assor Bell & Peskoe LLP attorney to its corporate transactions practice Monday, touting her work in private equity-backed transactions.

  • July 22, 2025

    NetBrain Valued At $750M After Blackstone Investment

    Simpson Thacher & Bartlett LLP-led private equity giant Blackstone on Tuesday revealed that it is making a majority growth investment in network automation and artificial intelligence platform NetBrain Technologies, advised by McDermott Will & Emery LLP, in a deal that values the company at $750 million.

  • July 21, 2025

    Skechers Investor Loses Initial Bid To Block Take-Private Deal

    A California federal judge has refused to preliminarily block private equity firm 3G Capital from taking footwear giant Skechers private for $9.4 billion, finding that a pension plan that owns Skechers shares failed to show it would be irreparably harmed without the injunction.

  • July 21, 2025

    SEC Lifts FINRA Ban For Atty Accused Of Cheating On Exam

    A divided U.S. Securities and Exchange Commission has lifted an industry ban placed on a former SEC enforcement attorney who was deemed by the Financial Industry Regulatory Authority to have cheated on a securities exam, finding there was no conclusive evidence of cheating.

  • July 21, 2025

    Stablecoin Treasury Co. To Go Public In $360M SPAC Deal

    A company intending to give investors exposure to the stable-value token Ethena intends to list on Nasdaq as StablecoinX Inc. via a special purpose acquisition deal that will take it public and provide $360 million to build a treasury of the stablecoin, making it one of at least three firms to tout the adoption of a crypto-focused treasury strategy on Monday.

  • July 21, 2025

    House GOP Would Cut SEC Funds, Curb Cyber Breach Rule

    House Republicans are seeking to cut the U.S. Securities and Exchange Commission's budget by 7% in the upcoming fiscal year, presenting a plan that could also undercut a Biden-era regulation requiring publicly traded companies to quickly report cybersecurity breaches.

  • July 21, 2025

    Traders' Floor Rights Were 'Essential' In CME Shift, Jury Hears

    Chicago Mercantile Exchange leaders wanted to honor and preserve longtime floor traders' exclusive access rights as they explored demutualization due to electronic trading's unclear future at the time, but discussions never addressed plans for members in the event of a total technological takeover, Illinois jurors heard Monday.

  • July 21, 2025

    FinCEN Gives Investment Advisers Reprieve On AML Rule

    The U.S. Department of the Treasury has pushed back the compliance date for a rule requiring investment advisers to report suspicious activity to the Financial Crimes Enforcement Network while it weighs the future of the Biden-era regulation.

  • July 21, 2025

    Ex-Kellogg Worker Fights To Keep 401(k) Fee Suit Alive

    A former Kellogg employee urged a Michigan federal court to reject the company's attempt to dismiss a proposed class action alleging the food manufacturer lost its workers millions of dollars in retirement savings because of excessive recordkeeping fees under the Employee Retirement Income Security Act.

  • July 21, 2025

    Tax-Lien Biz Atty Tells Jury He Didn't Seek To Dupe Lender

    Counsel for a former compliance lawyer accused of pilfering from a $20 million line of credit extended to his tax-lien investment firm told a Manhattan federal jury Monday that the defendant was "sloppy," but never intended fraud.

  • July 21, 2025

    Stadium Deal Still On Despite Trump Threat, DC Officials Say

    The mayor and City Council chair of Washington, D.C., said on Monday that they were focusing on their roles in approving the $3 billion plan for a new stadium for the NFL's Commanders, regardless of President Donald Trump's weekend threat to kill the deal if the team's racist former nickname was not brought back.

  • July 21, 2025

    DOL Rescinds ERISA Guidance On Citi Racial Equity Program

    The U.S. Department of Labor rescinded a Biden-era opinion letter Monday that had backed Citi's commitment to pay fees for diverse investment managers overseeing Citi-sponsored benefit plans regulated by the Employee Retirement Income Security Act, saying the letter no longer reflected the department's views.

  • July 21, 2025

    Latham And Cravath Steer $730M ZimVie Take-Private Deal

    Latham & Watkins LLP is advising healthcare investment firm ArchiMed on an agreement to purchase Cravath Swaine & Moore LLP-led dental implant company ZimVie Inc. at a roughly $730 million valuation, ZimVie announced Monday.

  • July 21, 2025

    2nd Circ. Backs Union Win Over Concrete Cos. In CBA Fight

    The Second Circuit on Monday refused to revive a fringe contributions dispute between two concrete companies and a group of union fringe benefit funds, affirming a lower court's decision to hand the union an early win that was partially based on the companies' failure to respond to discovery requests.

  • July 21, 2025

    2nd Circ. Affirms Big Banks' Win In Terrorism Financing Fight

    A New York federal judge was right to dismiss a suit seeking to hold Deutsche Bank, Standard Chartered Bank and Danske Bank liable for aiding and abetting terrorist bombings in Afghanistan, a Second Circuit panel ruled Monday.

  • July 21, 2025

    Web Design Giant Figma Launches Plans For $979M IPO

    Venture-backed web-design software maker Figma on Monday outlined plans for an estimated $979 million initial public offering, a move that comes after the company's failed $20 billion merger with Adobe Inc.

Expert Analysis

  • Managing Risks As State AGs Seek To Fill Enforcement Gap

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    Given an unprecedented surge in state attorney general activity resulting from significant shifts in federal enforcement priorities, companies must consider tailored strategies for navigating the ever-evolving risk landscape, say attorneys at Cozen O'Connor.

  • A Deep Dive Into 14 Nixed Gensler-Era SEC Rule Proposals

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    The U.S. Securities and Exchange Commission last month formally withdrew 14 notices of proposed rulemaking, including several significant and widely criticized proposals that had been issued under former Chair Gary Gensler's leadership, signaling a clear and definitive shift away from the previous administration, say attorneys at Dechert.

  • Series

    Law School's Missed Lessons: Skillful Persuasion

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    In many ways, law school teaches us how to argue, but when the ultimate goal is to get your client what they want, being persuasive through preparation and humility is the more likely key to success, says Michael Friedland at Friedland Cianfrani.

  • A Look At Trump 2.0 Antitrust Enforcement So Far

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    The first six months of President Donald Trump's second administration were marked by aggressive antitrust enforcement tempered by traditional structural remedies for mergers, but other unprecedented actions, like the firing of Federal Trade Commission Democrats, will likely stoke heated discussion ahead, says Richard Dagen at Axinn.

  • How Real Estate Funds Can Leverage Del. Statutory Trusts

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    Over the last two years, traditional real estate fund sponsors have begun to more frequently adopt Delaware Statutory Trust programs, which can help diversify capital-raising strategies and access to new sources of capital, among other benefits, say attorneys at Polsinelli.

  • Litigation Inspiration: How To Respond After A Loss

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    Every litigator loses a case now and then, and the sting of that loss can become a medicine that strengthens or a poison that corrodes, depending on how the attorney responds, says Bennett Rawicki at Hilgers Graben.

  • While On Firmer Ground, Uncertainty Remains For SEC's ALJs

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    The U.S. District Court for the District of Columbia's recent opinion in Lemelson v. U.S. Securities and Exchange Commission affirmed the legitimacy of the SEC's administrative proceedings, but pointedly left unanswered the constitutional merits of tenure protection enjoyed by SEC administrative law judges — potentially the subject of future U.S. Supreme Court review, says Dean Conway at Carlton Fields.

  • Tips For Cos. From California Climate Reporting FAQ

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    New guidance from the California Air Resources Board on how businesses must implement the state's sweeping climate reporting requirements should help companies assess their exposure, understand their disclosure obligations and begin documenting good-faith compliance efforts, says Thierry Montoya at Frost Brown.

  • Why SEC Abandoned Microcap Convertible Debt Crackdown

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    The U.S. Securities and Exchange Commission has recently dismissed several cases targeting microcap convertible debt lenders, a significant disavowal of what was a controversial enforcement initiative under the Biden administration and a message that the new administration will focus on clear fraud, say attorneys at O'Melveny.

  • The Metamorphosis Of The Major Questions Doctrine

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    The so-called major questions doctrine arose as a counterweight to Chevron deference over the past few decades, but invocations of the doctrine have persisted in the year since Chevron was overturned, suggesting it still has a role to play in reining in agency overreach, say attorneys at Crowell & Moring.

  • GENIUS Act Creates 'Commodity' Uncertainty For Stablecoins

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    Half a century ago, Congress made trading in onion futures on commodity exchanges unlawful, and payment stablecoins could soon face a similarly unstable fate in the markets as the GENIUS Act heads to the president's desk for signature, says Peter Malyshev at Cadwalader.

  • Series

    Playing Mah-Jongg Makes Me A Better Mediator

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    Mah-jongg rewards patience, pattern recognition, adaptability and keen observation, all skills that are invaluable to my role as a mediator, and to all mediating parties, says Marina Corodemus.

  • Business Court Bill Furthers Texas' Pro-Corporate Strategy

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    The Texas Legislature's recent bill to enhance corporate protections and expand access to the Texas Business Court by refining its jurisdictional standards is just the latest step in the state's playbook for becoming the new center of corporate America, say attorneys at Katten.

  • Series

    Law School's Missed Lessons: Navigating Client Trauma

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    Law schools don't train students to handle repeated exposure to clients' traumatic experiences, but for litigators practicing in areas like civil rights and personal injury, success depends on the ability to view cases clinically and to recognize when you may need to seek help, says Katie Bennett at Robins Kaplan.

  • Yacht Broker Case Highlights Industry Groups' Antitrust Risk

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    The Eleventh Circuit recently revived class claims against the International Yacht Brokers Association, signaling that commission-driven industries beyond real estate are vulnerable to antitrust challenges after the National Association of Realtors settled similar allegations last year, says Miles Santiago at the Southern University Law Center and Alex Hebert at Southern Compass.

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