Asset Management

  • June 22, 2026

    AI Inference Biz Raises $1.5B In Series F Funding Round

    Artificial intelligence inference company Baseten on Monday revealed that it closed its latest funding round after securing $1.5 billion of investor commitments.

  • June 22, 2026

    Paul Weiss, Kirkland Steer $10.9B AbbVie, Apogee Deal

    AbbVie said Monday it has agreed to buy Apogee Therapeutics, a company developing therapies for inflammatory and immunological diseases, at a total equity value of approximately $10.9 billion, with Paul Weiss Rifkind Wharton & Garrison LLP and Kirkland & Ellis LLP advising. 

  • June 18, 2026

    Ex-Wells Fargo Rep Can't Get Whistleblower Pay At Fed. Circ.

    The Federal Circuit won't revive an ex-Wells Fargo employee's suit alleging the U.S. Department of Justice won't pay her share of a $2 billion payout that settled allegations the bank misled investors about troubled loans behind its residential mortgage-backed securities, ruling Thursday the U.S. Court of Federal Claims lacks jurisdiction to review the DOJ's decision.

  • June 18, 2026

    SEC, CFTC Could Change Dodd-Frank Swap Rules

    The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission indicated Thursday they are preparing to change the definition of "swap" to "address longstanding ambiguities" that the agencies said have existed since the Dodd-Frank Act was adopted in 2010.

  • June 18, 2026

    Skadden, Troutman Lead First Carolina Bank's $69M IPO

    First Carolina Financial Services, a community bank with branches in several southeastern states, began trading its shares on Thursday after pricing a $69 million initial public offering below its target range, guided by Skadden Arps Slate Meagher & Flom LLP and underwriters' counsel Troutman Pepper Locke LLP.

  • June 18, 2026

    Trump Accounts Not Subject To ERISA, DOL Says

    Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.

  • June 18, 2026

    Ohio Justices Clear Interactive Brokers Of $25M Scheme

    The Ohio Supreme Court said Thursday that Interactive Brokers LLC cannot be held liable for a failed $25 million investment scheme run by a now-deceased customer, finding that the relevant state statute requires a firm to provide more than routine account services to be held liable for a customer's scheme.

  • June 18, 2026

    Goodwin, Latham Lead Biotech Kardigan's $400M IPO

    Venture-backed Kardigan Inc., a biotechnology firm developing therapies for cardiovascular diseases, hit the public markets on Thursday after raising $400 million in its initial public offering.

  • June 18, 2026

    5 Big ERISA Litigation Developments From 2026's First Half

    The U.S. Supreme Court's acceptance of a petition challenging Intel's 401(k) investment lineup and a Fourth Circuit ruling unraveling a class of Genworth Financial retirement plan participants headlined the court developments that caught benefits attorneys' attention in the first six months of 2026. Here, Law360 looks at those and other noteworthy ERISA decisions.

  • June 18, 2026

    DeepSeek's Valuation Soars To $50B, Plus More Rumors

    Artificial intelligence company DeepSeek hit a $50 billion valuation following its latest funding round, the original backers of artificial intelligence company Manus are planning to buy the company back from Meta, and private equity shop KKR wants to buy a majority stake in the Indian business of Sweden's Medicover for at least $1 billion.

  • June 18, 2026

    Accenture Unveils $4.2B Cybersecurity Software Buying Spree

    Accenture said Thursday it will acquire a majority stake in industrial cybersecurity company Dragos and buy runZero and NetRise in deals with a combined enterprise value of $4.175 billion, expanding its software offerings for securing critical infrastructure and industrial operations.

  • June 18, 2026

    FTX Trust Cleared For $600M Disputed Claim Fund Reduction

    The FTX Recovery Trust received approval Thursday from a Delaware bankruptcy court to reduce the funds in a disputed claims reserve by $600 million after the trust processed thousands of claims that were either allowed or modified.

  • June 17, 2026

    OCC Warns Charter Hopefuls Against Incomplete Applications

    The Office of the Comptroller of the Currency said Wednesday that it will send back incomplete regulatory applications without a review and will start publishing its denial decisions, putting bank charter hopefuls and other corporate filers on notice.

  • June 17, 2026

    CME's Trial Win Sticks In Members' $2B Trading Rights Case

    An Illinois state court judge has refused to unwind CME Group's trial win over a group of members' $2 billion dispute claiming the commodities exchange violated their contractual trading floor exclusivity rights by opening a data center to accommodate high-speed and algorithmic trading.

  • June 17, 2026

    FINRA Expels NY Firm, Bars Founders Over Churning Scheme

    The Financial Industry Regulatory Authority on Wednesday expelled a New York broker-dealer and its co-founders and fined the firm's chief compliance officer over claims that the founders churned and excessively traded customer accounts, harming customers while generating millions in revenue for the firm.

  • June 17, 2026

    Citigroup Says Foreign Bondholders Can't Bring RICO Suit

    Citigroup urged a Florida federal magistrate judge Wednesday to dismiss racketeering claims in a suit accusing the bank of running a massive cash advance fraud scheme, arguing the bondholder plaintiffs suffered no domestic injury that would allow them to sue under the Racketeer Influenced and Corrupt Organizations statute.

  • June 17, 2026

    Paul Weiss-Led Data Center Operator Csquare Files IPO Plans

    Data center operator CSquare Inc. has filed plans with the U.S. Securities and Exchange Commission for its initial public offering, steered by Paul Weiss Rifkind Wharton & Garrison LLP and Latham & Watkins LLP.

  • June 17, 2026

    Luxottica, Ex-Worker End Pension Suit Over Annuity Benefits

    Luxottica and a former worker who challenged the company's methodology for paying annuity benefits agreed Wednesday to resolve a proposed class action, a month after the nation's highest court declined the eyewear-maker's bid to review a Second Circuit ruling keeping some of her claims out of arbitration.

  • June 17, 2026

    SEC Faces Call To Write Rules For Crypto Wallet Apps

    The Securities Industry and Financial Markets Association is calling on the U.S. Securities and Exchange Commission to write rules outlining when companies providing access to cryptocurrency wallets must register as brokers, saying that a recent staff statement on the issue represents "a significant departure" from past agency practice.

  • June 17, 2026

    Medical Spa Investment Co. Files Ch. 11 With $10M+ Debt

    An investment management firm specializing in medical spas and medical aesthetics providers has filed for Chapter 11 protection in Delaware with $10 million to $50 million in debt.

  • June 17, 2026

    3 Firms Guide Quantum Tech Co. EigenQ's $3B SPAC Merger

    Quantum technology company EigenQ Inc., advised by Ellenoff Grossman & Schole LLP, on Wednesday unveiled plans to go public by merging with Greenberg Traurig LLP-led special purpose acquisition company Silicon Valley Acquisition Corp. in a deal that values the business at $3 billion.

  • June 16, 2026

    Mark Cuban Urges 6th Circ. To Rehear Case Against FINRA

    Mark Cuban is throwing his weight behind a Sixth Circuit challenge to the constitutionality of the Financial Industry Regulatory Authority's in-house disciplinary proceedings, arguing in a Tuesday brief that the regulator shouldn't be allowed to penalize the owner of a consulting company without first affording him a trial. 

  • June 16, 2026

    Nationwide Aims To Decertify 50K ERISA Class Ahead Of Trial

    Nationwide urged an Ohio federal judge to cut down a class of 50,000 401(k) plan participants who claimed the company mismanaged a fund in its retirement plan, pointing to a recent Fourth Circuit ruling that said defined contribution plans require too many individual assessments to earn class certification.

  • June 16, 2026

    Align Capital Secures $1.1B Across 2 New Funds

    Align Capital Partners, advised by Kirkland & Ellis LLP, on Tuesday revealed that it closed its two latest funds after securing a combined $1.1 billion of investor commitments.

  • June 16, 2026

    Kirkland-Led Clearlake Wraps $14.8B Flagship Fund

    Kirkland & Ellis LLP-advised private equity shop Clearlake Capital Group LP on Tuesday revealed it had closed its eighth flagship fund with $14.8 billion in tow, targeting investments in the artificial intelligence, software modernization, digital transformation and operational efficiency sectors.

Expert Analysis

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • Series

    Isshin-Ryu Karate Makes Me A Better Lawyer

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    My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

  • How CFPB Opinion Changes Earned Wage Access Definition

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    The Consumer Financial Protection Bureau's recent conclusion that earned wage access is not "credit" for purposes of Regulation Z of the Truth in Lending Act improves on prior guidance on these products in several meaningful ways, say attorneys at K&L Gates.

  • CFTC Actions Show Prediction Market Insider Trading Risks

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    It is a myth that insider trading law does not apply in prediction markets, as the U.S. Commodity Futures Trading Commission's recent enforcement actions illustrate that it has full authority to pursue such cases federally — and intends to, says attorney Gregg Goldfarb.

  • 5 Takeaways From Capital Proposals For Community Banks

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    While much commentary has centered on how federal regulators' proposed capital overhaul would affect the biggest banks, there are several aspects that regional and community institutions should note too, including the potential benefits of the expanded risk-based approach and reduced capital requirements for mortgage origination, say attorneys at Covington.

  • Opinion

    State Bars Need To Get Specific About AI Confidentiality

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    Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.

  • How Calif. Safety Worker Pension Bill Could Cost Employers

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    Public employers should carefully consider how pension costs and bargaining concerns could change under a California Legislature bill that would increase retirement benefits for safety employees like police and firefighters, which could erode previous efforts to fully fund the public retirement system without necessarily improving worker retention, says Michael Youril at Liebert Cassidy.

  • Series

    Alpine Skiing Makes Me A Better Lawyer

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    Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

  • NY Tax Talk: Calculating Tiered Partnership Income

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    Attorneys at Eversheds Sutherland discuss how the potential impact recent New York City Tax Appeals Tribunal decision in Matter of Cantor Fitzgerald holding that the entity approach should be used by tiered partnerships to compute unincorporated business tax liability, why the issue of the proper approach remains unsettled and the broader implications for federal conformity and administrative agency deference.

  • Seeking A Policy Fix As Merger Reporting Fight Continues

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    A recently announced request by the Federal Trade Commission and U.S. Department of Justice for public comment on the Hart-Scott-Rodino premerger reporting requirements, as litigation challenging the commission's updated requirements continues, suggests the government's willingness to address how best to support modern merger enforcement without unduly burdening filing parties, say attorneys at Baker Botts.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • Regulators' Basel Pitch May Bring Banks Capital Relief

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    The prudential banking agencies' new proposals to implement the so-called Basel III endgame rules — which would modify the approach to risk-based capital, among other notable changes — represent a fundamental directional shift in bank capital requirements aimed at increasing lending capacity, says Chen Xu at Debevoise.

  • How SEC And CFTC Are Attempting To End Their 'Turf War'

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    Through coordinated examinations and a shared aim to end duplicative regulation, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission's recent memorandum of understanding could represent a significant shift in the regulatory landscape for market participants subject to the jurisdiction of both agencies, say attorneys at Jenner.

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • Series

    Pa. Banking Brief: All The Notable Legal Updates In Q1

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    The first quarter of 2026 brought several consequential developments for Pennsylvania financial institutions, including the state banking department's first assessment overhaul in 10 years, a bill prohibiting interchange fees on card transaction sales taxes and a federal appeals court's upholding of a $52 million enforcement action, say attorneys at Gross McGinley.

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