Asset Management

  • January 22, 2026

    TikTok Seals Joint Venture Deal For US Operations

    TikTok's Beijing-based owner, ByteDance, has sold a majority stake in the video app's U.S. operations to a new U.S.-based joint venture managed by a group of non-Chinese investors in order to comply with a congressional mandate and avoid the app's shutdown, the company announced Thursday.

  • January 22, 2026

    Mango Labs' 'Buyer's Remorse' Can't Undo SEC Settlement

    Crypto project Mango Labs can't cancel the terms of a nearly $700,000 settlement with the U.S. Securities and Exchange Commission just because the agency has pivoted away from crypto enforcement cases and left the project with "buyer's remorse," a Manhattan federal judge ruled.

  • January 22, 2026

    6th Circ. Revives Law Firm Worker's Anthem Coverage Fight

    Anthem Blue Cross Blue Shield's decision denying coverage for a law firm employee's son to continue receiving residential mental health treatment was arbitrary and capricious, the Sixth Circuit ruled Thursday, saying the insurer needs to carry out a "full and fair review of the requested coverage."

  • January 22, 2026

    Ford, GM Industrial Bank Bids Get FDIC Approval

    The Federal Deposit Insurance Corp. said Thursday that it has signed off on industrial loan company applications from Ford Motor Co. and General Motors Co., clearing the two automakers to open federally insured banking units over objections from community bankers.

  • January 22, 2026

    Panel Pushes Ex-Texans CEO's Son On Probate Jurisdiction

    A Texas appeals court on Thursday pushed the son of deceased billionaire and Houston Texans founder Robert McNair to explain why a probate court has no jurisdiction over claims that he surreptitiously placed poison pill agreements into the companies he ran.

  • January 22, 2026

    SEC Approves Cuts To PCAOB Budget, Board Member Salaries

    The U.S. Securities and Exchange Commission on Thursday approved a 2026 budget for the Public Company Accounting Oversight Board that includes a 9.4% decrease overall from the prior year and cuts upward of 42% for board members' compensation.

  • January 22, 2026

    Ga. Financial Firm CEO Cops To $380M Ponzi Scheme

    The CEO of an Atlanta-area financial advisory group has pled guilty to conducting a $380 million Ponzi scheme, which is likely the largest in Georgia history, according to prosecutors.

  • January 22, 2026

    PE-Backed Strickland Brothers Secures $360M Investment

    Private equity-backed oil change operator Strickland Brothers, led by Herbert Smith Freehills Kramer LLP, on Thursday revealed that it secured $360 million of financing to support acquisition activity and allow for continued national expansion.

  • January 22, 2026

    3 Firms Guide BitGo's Upsized $212M IPO

    Fenwick & West LLP, Cravath Swaine & Moore LLP and Whalen LLP guided Bitgo Holding's Thursday initial public offering, which valued the company at $2.08 billion with shares priced at $18, per an announcement from the fintech company.

  • January 22, 2026

    Marketers Who Sold Fraudulent StraightPath Funds Plead Out

    Two New York men who hawked pre-initial public offering shares for fraud-ridden vendor StraightPath from "boiler room" sales floors pled guilty Thursday to fraud charges, after Manhattan federal prosecutors charged them with raising $185 million by duping customers.

  • January 22, 2026

    General Fusion To Go Public In $1B Nasdaq Deal

    Private equity-backed General Fusion on Thursday announced plans to go public by merging with special purpose acquisition company Spring Valley Acquisition Corp. III in a deal that provides the combined company a roughly $1 billion pro forma equity value and was built by four law firms.

  • January 21, 2026

    Holmes Seeks Trump Clemency For Theranos Fraud Sentence

    Former Theranos CEO Elizabeth Holmes has asked President Donald Trump to commute an 11-year prison sentence she's been serving for defrauding investors with bogus blood-testing technology, according to the U.S. Department of Justice's Office of the Pardon Attorney.

  • January 21, 2026

    Ex-TD Bank Worker Cops To Taking Money Laundering Bribes

    A former New Jersey-based TD Bank NA employee pled guilty on Wednesday to accepting bribes and leveraging his position to facilitate the movement of over $26 million to Colombia through TD Bank accounts.

  • January 21, 2026

    Schwab Nixed From DOL Enforcement Suit Against Other Firm

    A Pennsylvania federal judge on Wednesday dismissed two Schwab companies from a U.S. Department of Labor enforcement case, finding the financial services providers' participation was no longer needed in the agency's dispute against another firm.

  • January 21, 2026

    SEC Accuses Unregistered NJ Adviser Of $1.6M Client Fraud

    The U.S. Securities and Exchange Commission has accused a New Jersey-based investment adviser of losing $1.6 million on behalf of clients who were allegedly duped into believing he was a licensed securities trader with years of experience in the industry.

  • January 21, 2026

    Cloover Raises $1.22B Via Series A, Debt Facility

    Cloover announced Wednesday that the green fintech company raised $22 million via a Series A equity financing as well as a $1.2 billion debt facility from a leading European bank, guided by Orrick Herrington & Sutcliffe LLP. 

  • January 21, 2026

    FINRA Says Firm Broke Reg BI By Not Spotting Risky Trading

    The Financial Industry Regulatory Authority has accused a broker-dealer and its ex-CEO of violating Regulation Best Interest by failing to identify suspicious, excessive trading in a customer account by a representative of the firm, causing the client $1.2 million in losses.

  • January 21, 2026

    Feds Oppose Bail For Conn. Oil Trader During FCPA Appeal

    Federal prosecutors are fighting an oil trader's bid for freedom while he appeals a 15-month Foreign Corrupt Practices Act prison sentence, arguing the trader should begin serving time by Feb. 9 because his jury conviction probably won't be reversed.

  • January 21, 2026

    UPS Strikes Deal In Class Action Over Pay For Military Leave

    UPS has reached a deal to end a class action alleging the package delivery giant violated federal law by failing to pay drivers for short-term military leave despite providing compensation for jury duty and other short-term absences, according to a filing in Washington federal court.

  • January 21, 2026

    Blueprint Closes Oversubscribed $333M Tech-Focused Fund

    San Diego-based growth equity firm Blueprint Equity said Wednesday it has raised $333 million for its third fund, pushing the firm to more than $600 million of assets under management.

  • January 21, 2026

    Jefferies Steered Feds To $200M Water Ponzi Case, Judge Told

    Two men charged in connection with an allegedly massive water-vending Ponzi scheme were investigated after counsel for investment giant Jefferies — one defendant's former employer — walked the case into the Manhattan U.S. attorney's office, a federal judge heard Wednesday.

  • January 21, 2026

    Trump Order On Wall Street Landlords Floats Antitrust Review

    President Donald Trump has signed an executive order directing federal agencies to avoid supporting single-family home purchases by institutional investors, calling the practice an impediment to homeownership for U.S. families.

  • January 20, 2026

    FINRA Says Firms Ignored Red Flags About Overseas Biz

    The Financial Industry Regulatory Authority has accused a pair of broker-dealers of failing to investigate red flags related to underwriting foreign customers' transactions and of not disclosing certain compensation, while the firms separately sued the regulator in Illinois federal court for overreach they claim blocked them from underwriting engagements.

  • January 20, 2026

    Adviser Can't Freeze Funds From $2.1B Plymouth REIT Buy

    A Massachusetts state judge declined Tuesday to set aside $60 million from a pending $2.1 billion deal to take Plymouth Industrial REIT private, finding the criteria to escrow the funds as a "debt" to Plymouth's financial adviser were not met.

  • January 20, 2026

    Trump Media Investor Says Insider Trading Trial Was Flawed

    A Florida trader sentenced to over two years in prison for insider trading on confidential plans to take President Donald Trump's media company behind Truth Social public urged the Second Circuit on Tuesday to reverse his conviction, saying the lower court wrongly excluded evidence at trial that backed his claims of acting in good faith.

Expert Analysis

  • Series

    Coaching Cheerleading Makes Me A Better Lawyer

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    At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.

  • How New Texas Law Targets ESG Proxy Advice

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    A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell.

  • Series

    Law School's Missed Lessons: How To Make A Deal

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    Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

    Excerpt from Practical Guidance
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    Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.

  • Associates Can Earn Credibility By Investing In Relationships

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    As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.

  • How The Genius Act May Aid In Fight Against 'Pig Butchering'

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    ​​​​​​​The recently enacted Genius Act represents a watershed moment in the fight against crypto fraud, providing new tools to freeze and recover funds that are lost to scams such as "pig butchering" schemes executed from scam factories abroad, but there are implementation challenges to watch, say attorneys at Treanor Devlin.

  • Filing Clarifies FTC, DOJ's Passive Investment Stance

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    The antitrust agencies' statement of interest filed in Texas v. Blackrock clarifies that certain forms of corporate governance engagement are permissible under the "solely for investment" exemption, a move that offers guidance for passive investors but also signals new scrutiny of coordinated engagement, say attorneys at Stinson.

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.

  • Series

    Quilting Makes Me A Better Lawyer

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    Turning intricate patterns of fabric and thread into quilts has taught me that craftsmanship, creative problem-solving and dedication to incremental progress are essential to creating something lasting that will help another person — just like in law, says Veronica McMillan at Kramon & Graham.

  • How Tariffs Can Affect Event Studies In Securities Litigation

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    When the control period is calm and the event window is stormy — often the case with breaking political or economic developments, like President Donald Trump's recent tariff announcements — traditional event study methodology can increase the risk of misleading conclusions in securities litigation, say economic consultants at NERA.

  • What To Expect From 401(k) Plan Alternative Assets Order

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    The executive order this month making it easier for retirement plans to invest in alternative assets, including private equity, real estate and digital assets, marks a watershed moment for democratizing access to private markets, but the U.S. Department of Labor's anticipated formal rulemaking will also be impactful, say attorneys at Simpson Thacher.

  • What 2 Profs Noticed As Transactional Law Students Used AI

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    After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.

  • State AGs Are Turning Up The Antitrust Heat On ESG Actions

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    Recent antitrust developments from red state attorneys general continue a trend of environmental, social and governance scrutiny, and businesses exposed to these areas should conduct close examinations of strategy and potential material risk, say attorneys at Morgan Lewis.

  • Crypto Custody Guidelines Buoy Both Banks And Funds

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    A statement released last month by banking regulators — highlighting risks that the agencies expect banks holding crypto-assets to mitigate — may encourage more traditional institutions to offer crypto-asset safekeeping and thereby offer asset managers more options for qualified custodians to custody crypto-assets for their clients, say attorneys at Dechert.

  • Rebuttal

    BigLaw Settlements Should Not Spur Ethics Deregulation

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    A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.

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