Asset Management

  • February 19, 2026

    NYC Pension Funds Sue AT&T Over Proxy Proposal Exclusion

    Several New York City pension funds have sued AT&T over what they say is the illegal exclusion of their shareholder proposal requesting a corporate diversity report from the telecom giant's corporate ballot, following an indication that regulators would allow the exclusion.

  • February 19, 2026

    SEC's Peirce Calls For Crypto-Updated Liquidity Rule

    U.S. Securities and Exchange Commission member Hester Peirce, the leader of the agency's crypto task force, called Thursday for public feedback on how the agency might apply a rule on broker liquidity to firms that choose to keep stablecoins on hand.

  • February 19, 2026

    Steve Young's PE Firm Closes Fund With $3.2B Raised

    HGGC LLC, a middle-market private equity firm co-founded by Pro Football Hall of Famer Steve Young, has closed its fifth fund after raising $3.2 billion, which surpassed its $2.5 billion fundraising target, the firm announced Thursday.

  • February 19, 2026

    Energy Startup Targets Binance, Banks In Loan Fraud Claims 

    Connecticut-based clean energy startup Palm Energy Systems LLC has filed a racketeering lawsuit against cryptocurrency exchange Binance Holdings Ltd., its once-imprisoned former CEO Changpeng Zhao and two banks, alleging they either enabled or failed to stop a cash and Bitcoin financing fraud scheme that drained $400,000 from its accounts.

  • February 19, 2026

    Trader Joe's Wants To Check Out Of 401(k) Class Claims

    Trader Joe's asked a Massachusetts federal judge to free it from a class action claiming mismanagement of an employee retirement plan, saying participants haven't shown they were harmed by fees or one mutual fund option that had posted lackluster returns.

  • February 19, 2026

    Activists Elliott, Jana Make Latest Moves, And Other Rumors

    The past week may have been light on mega-merger rumors, but a slate of activist investor moves showed that the ingredients for future dealmaking may be quietly coming together.

  • February 18, 2026

    Robinhood Clears Fla. AG Probe Of Crypto Platform Marketing

    Robinhood Markets Inc. told investors on Wednesday that Florida's attorney general has closed an investigation into the marketing practices of its crypto trading arm, ending a probe that had scrutinized whether the company misled customers about trading costs.

  • February 18, 2026

    SEC Plans To Repeal Biden-Era Rule On ESG Fund Names

    The U.S. Securities and Exchange Commission on Wednesday proposed a number of changes that would impact regulated funds, including one that would overturn a Biden administration rule requiring funds that hold themselves out as sustainable or socially conscious to invest the majority of their money in the causes they tout.

  • February 18, 2026

    US, Japan Announce $36B In Projects As Part Of Trade Deal

    Japan and its companies will undertake new investments in U.S. manufacturing and energy production facilities that total nearly $36 billion, the U.S. and Japanese governments announced as part of a framework trade agreement and confirmed Wednesday. 

  • February 18, 2026

    Former SEC Deputy Director Joins Paul Weiss

    Paul Weiss Rifkind Wharton & Garrison LLP announced on Wednesday that it has hired a former federal prosecutor who recently stepped down as deputy director of enforcement at the U.S. Securities and Exchange Commission.

  • February 18, 2026

    5 Firms Shape Kennedy Wilson's $1.65B Take-Private Deal

    Real estate investment firm Kennedy Wilson has announced it agreed to be taken private by a consortium led by the company's CEO and Canadian insurance company Fairfax Holdings in an up to $1.65 billion deal advised by five law firms.

  • February 18, 2026

    Retirees' Attys Get $99M Cut Of Colgate-Palmolive ERISA Deal

    A New York federal judge has signed off on a $99 million request from attorneys representing Colgate-Palmolive retirees who sought fees, expenses and other costs from an overall $332 million megadeal, ending claims the company skimped on pensioners' lump-sum retirement payouts.

  • February 18, 2026

    Liberty Mutual Inks $13.4M 401(k) Fee, Investment Suit Deal

    Liberty Mutual has agreed to shell out $13.4 million and change its employee 401(k) plan management process to end a class action alleging that the insurance company allowed excessive fees and underperforming investment options to drain workers' retirement savings, according to filings in Massachusetts federal court.

  • February 17, 2026

    Educator Unions Call For SEC Probe Of Apollo's Epstein Ties

    The American Federation of Teachers and American Association of University Professors on Tuesday urged the U.S. Securities and Exchange Commission to investigate statements made by Apollo Global Management concerning the private equity firm's alleged ties to convicted sex offender Jeffrey Epstein.

  • February 17, 2026

    SPAC Sponsor Execs Kept $29M Biz Breakup Fee, Suit Says

    A blank check company sponsor linked to energy giant Nabors Industries is facing investor allegations that its brass unfairly laid claim to a $29 million settlement sum despite missing a deadline to merge with another company.

  • February 17, 2026

    Supreme Court Adopts Rule To Suss Out Stock Conflicts

    The U.S. Supreme Court announced Tuesday that litigants will soon be required to include companies' stock ticker symbols in court documents as part of new rules aimed at helping the justices identify potential conflicts of interest.

  • February 17, 2026

    Boeing, Ex-CEO Escape Fund's 737 Max Fraud Suit

    An Illinois federal judge on Tuesday tossed a securities fraud suit accusing Boeing of misrepresenting the safety of its 737 Max 8 jets after two deadly crashes overseas, saying a Massachusetts-based investment fund cannot pursue claims purportedly assigned to it by a defunct assignor.

  • February 17, 2026

    Providence Health Inks $43M Deal In 401(k) Forfeiture Suit

    Providence Health & Services has struck a nearly $43 million deal to end a suit claiming the company used forfeited cash from its retirement plan to fund its employer contributions instead of plan expenses covered by workers, an agreement that stands to benefit 200,000 class members.

  • February 17, 2026

    11th Circ. Urged To Affirm No Tax Refund For Fund Exec's Jet

    A Florida federal court correctly denied a $1.9 million tax refund to a hedge fund manager who claimed a business deduction for wear and tear on his jet, the U.S. told the Eleventh Circuit, saying he made his argument for the tax break too late.

  • February 17, 2026

    BBQ Co. ESOP Members Urge Trial Despite DOL's $15M Deal

    A certified class of participants in a barbecue company's employee stock ownership program is seeking assurance that a $15 million settlement among the U.S. Department of Labor, the company's executives and the ESOP's caretaker won't affect a coming trial on the matter. 

  • February 13, 2026

    FinCEN Opens Online Portal For Whistleblower Tips

    An enforcement arm of the U.S. Treasury Department on Friday launched a webpage for confidential whistleblower tips on fraud, money laundering and sanctions violations, touting financial awards for eligible tips.

  • February 13, 2026

    Duane Morris Adds Cross-Border Real Estate Pro In Dallas

    Duane Morris LLP announced that the firm has added a cross-border real estate pro from Bell Nunnally & Martin LLP to the firm's Dallas office, noting that the newest partner is licensed to practice in both Texas and Mexico.

  • February 13, 2026

    9th Circ. Nixes Chase Atty Fees In Wrongful Garnishment Suit

    The Ninth Circuit has partly revived a suit accusing Chase Bank NA and a debt-collector law firm of illegally garnishing Social Security funds from an Arizona man's retirement accounts, ruling they should have known that the funds were immune from garnishment.

  • February 13, 2026

    Iowa AG Urges 8th Circ. To Unblock Parts Of State PBM Law

    The state of Iowa urged the Eighth Circuit on Friday to lift a preliminary block on parts of a law limiting pharmacy benefit managers' power to set drug prices in the Hawkeye State, arguing a lower court judge erred in holding that parts of the policy were federally preempted.

  • February 13, 2026

    CSX Wants Quick 11th Circ. Appeal In Workers' FMLA Fight

    CSX Transportation Inc. is asking a Florida federal court to allow for an immediate appeal to the Eleventh Circuit of the denial of its bid to dismiss a former employee's medical leave claims, arguing that the ruling runs counter to what other appellate courts have said on this statute of limitations issue.

Expert Analysis

  • Rule Amendments Pave Path For A Privilege Claim 'Offensive'

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    Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.

  • Series

    My Miniature Livestock Farm Makes Me A Better Lawyer

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    Raising miniature livestock on my farm, where I am fully present with the animals, is an almost meditative time that allows me to return to work invigorated, ready to juggle numerous responsibilities and motivated to tackle hard issues in new ways, says Ted Kobus at BakerHostetler.

  • Evaluating Nasdaq Tokenization Rule's Potential Impact

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    Nasdaq's recently proposed rule would enable settlement of tokenized equity securities and exchange-traded products using blockchain technology, which could lead to dramatic improvements in market efficiency, settlement speed and market access, but prudent skepticism about timelines and implementation capabilities is warranted, says James Brady at Katten.

  • Litigation Funding Could Create Ethics Issues For Attorneys

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    A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.

  • SEC's Dual Share Class Approval Signals New Era For ETFs

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    The U.S. Securities and Exchange Commission's recent approval of the dual share class structure marks a landmark moment for the U.S. fund industry, opening the door for asset managers to benefit from combining mutual fund and exchange-traded fund share classes under a single portfolio, say Ilan Guedj at Bates White and Brian Henderson at George Washington University.

  • E-Discovery Quarterly: Recent Rulings On Dynamic Databases

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    Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.

  • What To Do If A Retirement Plan Participant Is Deported

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    Given recent immigration policy changes in the U.S., many businesses are experiencing employee deportations, but retirement plan administrators should still pay and report benefits to avoid violating the plan, the Employee Retirement Income Security Act or tax reporting requirements, says Teri King at Smith Gambrell.

  • Why Foreign Cos. Should Prep For Increased SEC Oversight

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    With the recent trading suspensions of 10 foreign-based issuers listed on the Nasdaq, an enforcement action against a U.K. security-based swap dealer and the announcement of a cross-border task force, it's clear that the U.S. Securities and Exchange Commission will expand oversight on foreign companies participating in the U.S. capital markets, says Tejal Shah at Cooley.

  • How Litigating Antitrust Fix Helped GTCR Prevail In Court

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    An Illinois federal judge's recent denial of the Federal Trade Commission's injunction request in the GTCR acquisition of Surmodics joins a developing series of cases in which deal parties have prevailed against government antitrust challenges by proposing a post-complaint fix and litigating the as-amended deal, say attorneys at Paul Weiss.

  • What Narrower FinCEN Reporting Spells For Industry

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    As compliance costs soar, the potential slimming down of the Financial Crimes Enforcement Network's anti-money laundering and countering the financing of terrorism regime is welcome news for banks, and would allow a shift in resources to ever-evolving cybercrime threats, say attorneys at Quarles & Brady.

  • How Nasdaq, SEC Proposals May Transform Listing Standards

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    Both Nasdaq and the U.S. Securities and Exchange Commission have increasingly focused their recent regulatory efforts on small and foreign issuers, particularly those from China, reflecting an intention to strengthen the overall quality of companies accessing U.S. markets, but also potentially introducing a chilling effect on certain issuers, say attorneys at Norton Rose.

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

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    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

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