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June 05, 2026
The U.S. Securities and Exchange Commission on Friday accused a purported Chicago investment adviser in federal court of stealing millions from family, friends and others by convincing them to put their money toward an investment pool he then "perpetually drained" through unsuccessful trading and personal spending.
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June 05, 2026
A Florida federal judge tossed most of the counts in a lawsuit brought by two men who alleged their former partner defrauded them in a private equity fund operation, saying the complaint contains repetitive claims and provides little information of wrongdoing.
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June 05, 2026
Western Asset Management Co. LLC on Friday agreed to pay $100 million to settle allegations from the U.S. Securities and Exchange Commission that the investment management firm "failed to take reasonable steps to detect and prevent" its former executive's purported cherry-picking practices.
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June 05, 2026
The U.S. Securities and Exchange Commission's victory before the U.S. Supreme Court Thursday is likely to give the agency a leg up in settlement negotiations, but attorneys say that some defendants will continue to press judges to review the agency's disgorgement requests based on questions that the high court still hasn't answered.
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June 05, 2026
The Financial Industry Regulatory Authority isn't immune to claims it improperly interfered with Nasdaq membership applications as it pushed two broker-dealers to settle anti-money-laundering compliance claims, the broker-dealers have argued.
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June 05, 2026
SOC Investment Group is cautioning potential investors in SpaceX's upcoming initial public offering about perceived financial risks, saying it has an inflated valuation and issues over transparency and governance.
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June 05, 2026
A proposed class of end-payers who allegedly overpaid for generic drugs have asked a federal court for preliminary approval of a $5.5 million settlement with Breckenridge Pharmaceutical Inc., though notifying class members and seeking final approval would wait until the process could be combined with another settlement, the plaintiffs said Thursday.
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June 05, 2026
Precision robotics company Allen Control Systems on Friday announced that it has reached a $2.2 billion post-money valuation after closing its latest funding round with $200 million in tow.
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June 05, 2026
Polsinelli PC has hired a career Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP lawyer who focuses on representing technology companies and venture capital investors in a range of corporate matters, the firm announced Thursday.
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June 05, 2026
In this week's Taxation With Representation, Berkshire Hathaway Inc. takes Taylor Morrison Home Corp. private, global real estate investment company Kennedy Wilson forms a residential joint venture with Netherlands pension services provider APG, and Wellington Management acquires Hartford Funds from insurer The Hartford.
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June 04, 2026
The Florida Supreme Court on Thursday upheld the state Public Service Commission's order approving accounting mechanisms used by a natural gas company in a rate increase plan, ruling that the regulator wasn't inconsistent with internal policy and within its discretion to approve the measures.
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June 04, 2026
The Second Circuit will not review its decision this year reversing a New York judge's $16 billion judgment against Argentina arising from its nationalization of YPF SA, the country's largest oil and gas exploration company, despite arguments that the ruling was "profoundly misguided."
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June 04, 2026
Anthropic and China's DeepSeek are among a growing group of AI firms turning to new financing structures to meet surging demand for compute power. Reports indicate that private equity giants are assembling a $36 billion private credit vehicle to help fund Anthropic access to certain Google chips, while DeepSeek has reportedly broken from its earlier strategy by arranging more than $7 billion in outside funding.
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June 04, 2026
Investors seeking final approval of a $78 million securities fraud settlement with Catalent told a New Jersey federal court that the proposed deal and fee bid are free of objections, arguing the positive response further supports the court's approval of the settlement.
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June 04, 2026
U.S. middle market private equity dealmakers are signaling renewed optimism, with the vast majority expecting a meaningful jump in buyout activity over the next two years after a robust 2025, according to survey results published on Thursday.
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June 04, 2026
The New York state trial court judge overseeing President Donald Trump's civil fraud case granted his request to preserve notes from private meetings between state litigators and Trump's former attorney Michael Cohen after the key witness said he felt "pressured" to testify.
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June 04, 2026
Innio, a manufacturer of gas engines used to power artificial intelligence systems, began trading Thursday on the Nasdaq after raising $2.4 billion in an upsized initial public offering guided by Latham & Watkins LLP and Milbank LLP.
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June 04, 2026
The U.S. Supreme Court on Thursday said that the U.S. Securities and Exchange Commission could collect ill-gotten gains from alleged fraudsters without having to identify victims who were financially harmed by the fraud, declining to place further limits on the agency's disgorgement powers six years after it last did so.
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June 03, 2026
Former Theranos executive Ramesh "Sunny" Balwani is asking the U.S. Supreme Court to review his criminal fraud conviction and nearly 13-year prison sentence, arguing that the Ninth Circuit used the wrong review doctrine in rejecting his argument that prosecutors had failed to correct allegedly false testimony given by investor victims.
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June 03, 2026
Jay Clayton, the U.S. attorney for the Southern District of New York, warned an audience at an anti-money laundering conference Wednesday of the risk of foreign governments spending money on social media campaigns in the U.S. to "foment distrust," adding that regulators need to improve their handle on the global flow of illicit profits outside the core financial system.
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June 03, 2026
KeyBank affiliate Key Investment Services LLC has agreed to settle its suit accusing two former investment advisers of stealing trade secrets and violating their employment agreements by soliciting customers.
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June 03, 2026
SpaceX on Wednesday outlined a price target for its blockbuster initial public offering, telling U.S. regulators that it expects to raise $75 billion in what would mark the largest IPO in history.
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June 03, 2026
Alternative credit investment firm Crescent Capital Group LP on Wednesday revealed that has it closed its latest U.S. direct lending fund with $10.8 billion of investable capital.
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June 03, 2026
An investment fund has filed a complaint in New York State court accusing a Pillsbury Winthrop Shaw Pittman partner of conspiring with convicted fraudsters to con the fund into writing a $145 million loan to now-defunct financial services company Aspiration Partners.
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June 03, 2026
A California federal judge turned down an auto dealership company's bid for an Oregon transfer of an ex-worker's proposed class action alleging the company misallocated forfeitures from an employee 401(k) plan, and also rejected the company's bid to stay pleading deadlines in the case.