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Asset Management
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									October 01, 2025
									Coinbase Gets Securities Suit Over Biz Risks TrimmedA New Jersey federal judge trimmed claims from a class action against Coinbase alleging the crypto exchange misrepresented or concealed parts of its business, ruling that claims tied to bankruptcy risk and regulatory disclosures that aren't based on group pleading can proceed, while claims related to proprietary trading statements were dismissed. 
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									October 01, 2025
									Here's How The SEC Survived 2 Prior ShutdownsThe U.S. Securities and Exchange Commission sent home 90% of its staff Wednesday, including the bulk of its enforcement division, as the agency braces for a shutdown of uncertain length by drawing on lessons from two prior long-running impasses in the past 12 years. 
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									October 01, 2025
									Trump Withdraws Nomination Of Quintenz For CFTC ChairPresident Donald Trump has withdrawn his nomination of Brian Quintenz to lead the U.S. Commodity Futures Trading Commission, following a delay at the president's request of a Senate committee vote on the nomination and Quintenz's public feud with crypto exchange founders Tyler and Cameron Winklevoss. 
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									October 01, 2025
									PG&E Brass, Underwriters Get Investors' Wildfire Suit TossedA California federal judge has thrown out a proposed investor class action against PG&E officers, directors and underwriters that blamed stockholder losses following deadly wildfires on previous statements by PG&E officials about the utility's safety practices, but said they could try a fifth time. 
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									October 01, 2025
									Maryland Judge Lets SEC Crypto-Fraud Case ProceedThe U.S. Securities and Exchange Commission's lawsuit accusing an Australian citizen of defrauding investors in a crypto-mining scheme cleared the dismissal phase Tuesday, but a Baltimore federal judge vacated a default judgment against him for responding late while being detained in the United Arab Emirates. 
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									October 01, 2025
									AutoZone Prevails In Class Action Over 401(k) FeesAutoZone defeated a class action claiming it cost employees millions of dollars in retirement savings by failing to remove costly investment options from its 401(k) plan, with a Tennessee federal judge ruling the workers failed to show the company shirked its duties to monitor the plan. 
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									October 01, 2025
									UBS Says Ex-Advisers Poached $1.4B In Clients For New FirmUBS Financial Services has accused several of its former financial advisers of violating nonsolicitation and confidentiality agreements by plotting to launch a rival firm and poaching clients with $1.4 billion in assets, damaging UBS and its other former employees still entitled to client revenue. 
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									October 01, 2025
									Orrick, Davis Polk Lead Flood Insurer Neptune's $368M IPONeptune Insurance Holdings Inc., guided by Orrick Herrington & Sutcliffe LLP, has priced a $368 million initial public offering with a Morgan Stanley-led group of underwriters guided by Davis Polk & Wardwell LLP. 
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									October 01, 2025
									Weil, Morgan Lewis Steer Up To $900M Biopharma PurchaseBiopharmaceutical company Halozyme Therapeutics Inc., led by Weil Gotshal & Manges LLP, on Wednesday announced plans to buy fellow biopharma company Elektrofi Inc., advised by Morgan Lewis & Bockius LLP, for up to $900 million. 
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									October 01, 2025
									Skadden, MoFo Lead $4.4B All-Stock Merger Of Axcelis, VeecoSemiconductor production equipment company Axcelis Technologies Inc. on Wednesday announced plans to merge with Veeco Instruments Inc. in an all-stock deal that values the combined entity at an enterprise value of roughly $4.4 billion. 
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									October 01, 2025
									High Court Lets Fed's Cook Keep Job For NowThe U.S. Supreme Court said Wednesday that it will wait to hear oral arguments early next year before ruling on President Donald Trump's bid to immediately oust Federal Reserve Gov. Lisa Cook, a move that will allow her to remain on the job in the meantime. 
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									September 30, 2025
									Merrill Lynch Denied Bid To Block Rival Firm's LaunchA Georgia federal judge on Tuesday refused to grant Merrill Lynch's bid for a temporary restraining order against a dozen former employees, Charles Schwab and Dynasty Financial Partners in a case concerning an alleged attempt to start a new independent financial advisory firm with Merrill's staff and confidential information. 
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									September 30, 2025
									New Petition Asks SEC To Nix Quarterly Reporting RuleThe U.S. Securities and Exchange Commission on Tuesday received a formal petition to allow companies to report their earnings on a semiannual basis, following recent comments from Chairman Paul Atkins indicating the commission was considering as much and after similar suggestions from President Donald Trump. 
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									September 30, 2025
									US Oil Fund Beats Investor Suit Over COVID-Era DisclosuresA New York federal judge tossed a proposed class action accusing United States Oil Fund LP and its backers of misleading investors during the 2020 oil crash, finding it does not plead actionable misstatements or omissions about pandemic-related risks the exchange-traded fund faced, or knowledge of wrongdoing by the defendants. 
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									September 30, 2025
									Credit Suisse Aided Looting Of Tech Exec's Stock, Suit SaysThe co-founder of sensing-tech company Aeva Technologies says Credit Suisse provided "institutional cover" to conspirators who stole tens of millions of dollars in Aeva shares from him in what he described as a "calculated, multi-year orchestrated racketeering scheme," according to a suit filed Tuesday in New York federal court. 
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									September 30, 2025
									Judge Casts Doubt On RICO Claim Against Real Estate MogulA federal judge on Tuesday said he was inclined to grant real estate mogul Tony Azar and his associates a pretrial win on an investor's racketeering claim, but he was reluctant to agree with their argument that the rest of the allegations are time-barred. 
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									September 30, 2025
									Money Damages Off Table In American Airlines ESG BattleA Texas federal judge on Tuesday rejected American Airlines workers' bid for money damages in a class action alleging an investing emphasis on environmental, social and governance factors in their employee retirement plan violated federal benefits law, finding insufficient evidence that American's loyalty breach caused plan losses. 
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									September 30, 2025
									FinCEN Seeks Feedback On Financial Compliance BurdenThe U.S. Treasury Department's enforcement arm requested feedback Tuesday on the compliance burden for financial institutions responding to the agency's information requests "as part of its continuing efforts to reduce paperwork and respondent burden." 
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									September 30, 2025
									SEC Beats Law Prof's Suit To Protect NFTs That 'Troll' AgencyA Louisiana federal judge Tuesday permanently tossed a pre-enforcement challenge targeting the U.S. Securities and Exchange Commission's treatment of nonfungible tokens from a law professor and a musician who were seeking to protect projects that "troll" the SEC. 
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									September 30, 2025
									Bain Capital-Backed SPAC Leads 3 Offerings Totaling $670MThree special purpose acquisition companies hit the public markets Tuesday after raising a combined $670 million in their initial public offerings, joining a surge in SPAC listings recently. 
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									September 30, 2025
									Fiat Chrysler Can't Exit Workers' 401(k) Mismanagement SuitA Michigan federal judge rejected Fiat Chrysler's bid to toss a proposed class action alleging mismanagement of two employee 401(k) plans, ruling Tuesday that current and former employees had sufficiently backed up allegations that underperforming fund offerings breached fiduciary duties under federal benefits law. 
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									September 30, 2025
									Altria Loses Out On $38M Refund On Foreign SubsidiariesTobacco products maker Altria is not entitled to a $38 million tax refund on foreign subsidiaries, a Virginia federal court found, saying the company was an indirect shareholder through its interest in Anheuser-Busch and therefore owes taxes on its portion of the subsidiaries' income. 
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									September 30, 2025
									Sidley-Led Gemspring Wraps $1.1B Growth Solutions FundSidley Austin LLP-advised Gemspring Capital Management LLC on Tuesday revealed that it clinched its second growth solutions fund after securing $1.1 billion in capital commitments. 
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									September 30, 2025
									AI Chipmaker's Valuation Soars To $8.1B After Funding RoundArtificial intelligence infrastructure maker Cerebras Systems, advised by Latham & Watkins LLP, announced on Tuesday that it wrapped an oversubscribed Series G funding round after securing $1.1 billion of commitments, boosting the Sunnyvale, California-headquartered company's post-money valuation to $8.1 billion. 
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									September 29, 2025
									Feds Charge Prophecy Hedge Fund CEO With $294M FraudThe former CEO of collapsed investment adviser Prophecy Asset Management LP was arraigned Monday on federal fraud charges over his alleged involvement in a $294 million hedge fund wipeout that his former business partner previously pled guilty to. 
Expert Analysis
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								Series Playing Baseball Makes Me A Better Lawyer  Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie. 
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								Managing Risks As State AGs Seek To Fill Enforcement Gap  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. 
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								A Deep Dive Into 14 Nixed Gensler-Era SEC Rule Proposals  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. 
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								Series Law School's Missed Lessons: Skillful Persuasion  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. 
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								A Look At Trump 2.0 Antitrust Enforcement So Far.jpg)  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. 
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								How Real Estate Funds Can Leverage Del. Statutory Trusts.jpg)  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. 
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								Litigation Inspiration: How To Respond After A Loss  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. 
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								While On Firmer Ground, Uncertainty Remains For SEC's ALJs  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. 
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								Tips For Cos. From California Climate Reporting FAQ  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. 
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								Why SEC Abandoned Microcap Convertible Debt Crackdown  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. 
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								The Metamorphosis Of The Major Questions Doctrine  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. 
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								GENIUS Act Creates 'Commodity' Uncertainty For Stablecoins  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. 
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								Series Playing Mah-Jongg Makes Me A Better Mediator  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. 
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								Business Court Bill Furthers Texas' Pro-Corporate Strategy  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. 
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								Series Law School's Missed Lessons: Navigating Client Trauma.jpg)  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.