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Asset Management
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March 31, 2026
DOL's Push To Curb 401(k) Suits Could Face Court Challenges
The U.S. Department of Labor's recent proposal to give retirement plan fiduciaries legal cover to select a broader range of investments aims to reduce ERISA litigation, but attorneys on both sides of the bar say they expect the rule to face legal challenges if finalized as proposed.
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March 31, 2026
ADP Partly Dodges ERISA Suit Over $7.8B 401(k) Plan
A New Jersey federal judge has trimmed class claims from a suit alleging payroll processing company ADP mismanaged employees' retirement savings, while also granting a partial win to the plaintiffs keeping claims over payments to an ADP subsidiary's plan alive.
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March 31, 2026
SEC Nabs Consent Judgments In Kaman Insider Trades Suit
The former head of a Kaman Corp. subsidiary and one of his associates will pay over $165,000 to settle claims they improperly utilized nonpublic information ahead of the aircraft component maker's $1.8 billion sale to a private equity firm.
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March 31, 2026
Senate Dems Probe Musk's Alleged Role In CTA Retreat
Three Democratic senators have asked U.S. Treasury Secretary Scott Bessent to provide information on Elon Musk's possible involvement in the rollback of the Corporate Transparency Act, saying the department's moves allow entities tied to the billionaire to operate in obscurity.
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March 31, 2026
Auto Platform Carvix To Go Public Via $1B SPAC Merger
Technology-driven automotive platform Carvix Inc. on Tuesday unveiled plans to go public by merging with special purpose acquisition company Crown Reserve Acquisition Corp. I in a deal that values it at an implied enterprise value of $1 billion and was built by three law firms.
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March 31, 2026
Debevoise-Led StepStone Clinches $3.1B Vehicle
Debevoise & Plimpton LLP-advised private markets investment shop StepStone Group on Tuesday revealed that it closed its structured solutions vehicle with $3.1 billion in tow, which will be used to invest primarily in private market secondaries.
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March 31, 2026
Lack Of Harm Dooms Ex-Estate Firm Partner's Bid For Notices
The founding partner of a trusts and estates law firm lost his bid to have the North Carolina Business Court order the firm to notify thousands of clients of his departure and hand over their contact information, with the judge ruling the lawyer failed to show he suffered irreparable harm.
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March 31, 2026
Engineering Co. Executives, Board Prevail In ESOP Fight
Executives and board members at a mechanical engineering company defeated a class action claiming top brass were illegally compensated for helping refinance an employee stock ownership plan, with a Georgia federal judge ruling that workers hadn't shown that management concealed the shares they owned.
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March 31, 2026
Clifford Chance Structured Finance Partner Jumps To Kirkland
Kirkland & Ellis LLP has hired a former Clifford Chance LLP attorney as a debt finance partner in the firm's complex securitizations practice.
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March 30, 2026
Burford Considers Arbitration After 2nd Circ. Tosses $16B Win
Burford Capital Ltd. says it is contemplating taking its $16 billion fight with Argentina into international arbitration after the Second Circuit wiped out a judgment the litigation funding firm had won against the nation in New York federal court, sending its stock prices tumbling.
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March 30, 2026
Blumenthal Questions SEC Over Crypto Cases, Ryan Exit
U.S. Sen. Richard Blumenthal is demanding answers from U.S. Securities and Exchange Commission Chairman Paul Atkins about the sudden resignation of the regulator's enforcement director and whether her departure was related to cryptocurrency cases, including one touching on the Trump family's ventures.
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March 30, 2026
FINRA Sanctions Upheld At 6th Circ. Against Unregistered CEO
The Sixth Circuit won't reverse Financial Industry Regulatory Authority sanctions against the owner of a consulting company who argued he'd been unfairly ruled against by a self-regulatory organization he never joined, though the judges stopped short of weighing the petitioner's constitutional challenges to the FINRA findings.
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March 30, 2026
Swiss Re Can't Shut Down 401(k) Forfeiture Suit
A New York federal judge declined Monday to let Swiss Re's American unit escape a suit claiming it kept an underperforming investment fund in its retirement plan and failed to utilize forfeited cash, ruling the workers behind the case showed the company may have made shoddy management decisions.
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March 30, 2026
SEC Workers Cite Concern Job Cuts Left Knowledge Gaps
The U.S. Securities and Exchange Commission's headcount hit a decade low in fiscal year 2025, and some who remain are concerned that key institutional knowledge may have been lost, according to a new report by the U.S. Government Accountability Office.
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March 30, 2026
VICI Inks $144M Sale-Leaseback In Canadian Casino Co. Buy
Casino-focused real estate investment trust VICI Properties said it has agreed to pay $144.4 million to buy two casinos and two hotels in a sale-leaseback deal that comes as part of Indigenous-owned Pure Casino Entertainment's acquisition of casino operator Gamehost Inc.
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March 30, 2026
Inflexion Secures €4.5B For 7th European Buyout Fund
Private equity shop Inflexion on Monday announced that it closed its seventh buyout fund above target at its hard cap of €4.5 billion ($5.2 billion).
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March 30, 2026
Investment Firm Fined For Ads Pitching Copycat Portfolios
An online investment advisory firm that offered clients the chance to copy the trading activity of well-known business and political figures will pay a $500,000 administrative fine and restitution to resolve a complaint that Massachusetts securities regulators brought alleging misleading social media ads.
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March 30, 2026
Cleary-Led Blackstone Wraps Record $6.3B Life Sci Fund
Private equity giant Blackstone, led by Cleary Gottlieb Steen & Hamilton LLP, revealed Monday that it wrapped its sixth life sciences fund after securing $6.3 billion of capital commitments, marking what the firm says is the largest private life sciences fund ever raised.
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March 30, 2026
Deloitte Must Face Suit Over Philanthropists' Tax Bill
Deloitte lost its bid to avoid a June trial in a dispute over the accounting firm's handling of a $77 million share repurchase and planned charitable transfer that allegedly led to an unexpected tax bill for Boston-area developers and philanthropists William and Joyce Cummings.
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March 30, 2026
Justices Turn Away Case Over SEC Receivership Powers
The U.S. Supreme Court on Monday rejected a plea by a Dallas real estate developer to hear a challenge to the U.S. Securities and Exchange Commission's ability to seize the assets of alleged fraudsters before a trial can take place.
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March 30, 2026
DOL Rule Would Expand Alternatives In Retirement Plans
The U.S. Department of Labor unveiled a proposal Monday to expand access to alternative investments, like private equity and digital assets, in retirement plans by establishing a safe harbor process for fiduciaries to follow when deciding where retirees' savings go.
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March 27, 2026
Lockheed's 'DIY' 401(k) Funds Lagged Rivals, Court Told
An attorney for Lockheed Martin employees blasted the aerospace giant's in-house retirement investment funds in Maryland federal court Friday, arguing that it failed in its fiduciary duty to change course when its investment arm kept fees high and consistently underperformed a market full of comparable options.
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March 27, 2026
BofA Will Pay $72.5M In Deal Ending Epstein Ties Allegations
Bank of America agreed to pay $72.5 million to put to rest a proposed class action alleging the bank helped facilitate Jeffrey Epstein's sex crimes, according to a motion for preliminary approval of the deal filed in New York federal court Friday.
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March 27, 2026
Elizabeth Holmes Gets 11-Year Prison Sentence Cut By A Year
A California federal judge has shaved off a year from convicted ex-Theranos CEO Elizabeth Holmes' 11-year-and-three-month prison sentence for securities fraud due to recent sentencing guideline amendments, reducing her time behind bars by one year, instead of the two years she requested, amid objections by prosecutors.
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March 27, 2026
Phillies Player Cries Foul On Parents Over MLB Pay Control
Philadelphia Phillies third baseman Alec Bohm has sued his parents, alleging they mismanaged his finances by siphoning millions from his Major League Baseball earnings accounts to cover their own expenses.
Expert Analysis
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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Clearing US Legal Hurdles To Biz Opportunities In Venezuela
Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Del. Dispatch: Workplace Sexual Misconduct Liability In Flux
Following the Delaware Court of Chancery's recent contradictory rulings in sexual misconduct cases involving eXp World, Credit Glory and McDonald's, it's now unclear when directors' or officers' fiduciary duties may be implicated in cases of their own or others' sexual misconduct against employees, say attorneys at Fried Frank.
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US-Ukraine Reconstruction Fund Tax Exemptions Uncertain
Tax provisions in the bilateral agreement to establish the U.S.-Ukraine Reconstruction Investment Fund, which recently announced it is accepting applications, are so broad and imprecise as to leave uncertainty regarding whether and when tax exemptions will apply to investors' income, say attorneys at Avellum and Debevoise.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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CFIUS Initiative May Smooth Way For Some Foreign Investors
A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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Opinion
Corporations Should Think Twice About Mandatory Arbitration
The U.S. Securities and Exchange Commission's recent acceptance of mandatory arbitration provisions in corporate charters and bylaws does not make them wise, as the current system of class actions still offers critical advantages for corporations, says Mohsen Manesh at the University of Oregon School of Law.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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Navigating New Risks Amid Altered Foreign Issuer Landscape
The U.S. Securities and Exchange Commission's potential rulemaking to redefine who qualifies as a foreign private issuer will shape securities regulation and enforcement for decades, affecting not only FPIs and U.S. investors but also the U.S.' position in global capital markets, says Elisha Kobre at Sheppard.
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Tips From Del. Decision Nixing Major Earnout Damages Award
The Delaware Supreme Court recently vacated in part the largest earnout-related damages award in Delaware history, making clear that the implied covenant of good faith and fair dealing cannot be used to rescue parties from drafting choices where the relevant regulatory risk was foreseeable at signing, say attorneys at Sullivan & Cromwell.
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What Applicants Can Expect From Calif. Crypto License Law
With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.