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Asset Management
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									October 26, 2025
									7 Firms Steer $2.1B Take-Private Deal For Plymouth REITReal estate investment firm Makarora Management LP and Ares Management Corp. have agreed to acquire and take private Plymouth Industrial REIT Inc. in a $2.1 billion cash deal guided by seven law firms, coming three months after a competing buyout offer for Plymouth. 
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									October 24, 2025
									Fed Moves To Open Stress Test Models In 'Transparency' PushThe Federal Reserve Friday issued a package of proposals to open up its stress-testing models and scenario designs to public scrutiny, pulling back the curtain on a process that helps determine capital requirements for the nation's biggest banks. 
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									October 24, 2025
									Paris-Based SPAC Targets US Acquisition After Raising $100MFrench special purpose acquisition company LaFayette Acquisition Corp. began trading publicly on Friday after raising $100 million in its U.S. initial public offering, with plans to target U.S. companies in a range of industries. 
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									October 24, 2025
									Co. Tied To Alleged Long Con Can't Skirt Ex-NFL Player's SuitA professional networking organization cannot sidestep a lawsuit by retired NFL player Mike Rucker and his wife claiming they were swindled by their longtime financial adviser, a state court judge ruled, finding the complaint fairly traces the couple's financial harm to the company. 
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									October 24, 2025
									Eli Lilly Buying Eye Disease Biotech For Up To $262MRopes & Gray LLP-advised Eli Lilly said Friday it has agreed to acquire Cooley LLP-guided Adverum Biotechnologies, a clinical-stage company developing gene therapies for eye diseases, for up to roughly $262 million. 
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									October 24, 2025
									Taxation With Representation: Latham, Wachtell, Gibson DunnIn this week's Taxation With Representation, Meta announces a joint venture with Blue Owl Capital to fund the development of a data center campus in Louisiana, private equity giants acquire medical technology company Hologic Inc., and National Fuel Gas Co. buys CenterPoint Energy Inc.'s Ohio natural gas utility business. 
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									October 24, 2025
									Shutdown Delays Virtu's Bid To End SEC SuitThe U.S. Securities and Exchange Commission on Friday told a New York federal judge a settlement with Virtu Financial Inc. that was on the cusp of approval would be delayed because of the government shutdown. 
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									October 24, 2025
									Cooley-Led AI Factory Biz Crusoe Reaches $10B ValuationSan Francisco and Denver-based artificial intelligence factory company Crusoe, led by Cooley LLP, announced on Friday that it's expecting to reach a more than $10 billion valuation after closing its latest funding round with $1.375 billion of commitments. 
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									October 24, 2025
									Trucking Co. Will Pay $3M To End Workers' 401(k) Fee SuitKnight-Swift Transportation will pay $3 million to end a class action from workers who alleged the trucking business allowed excessive fees in its $432 million employee 401(k) plan, according to a filing in Arizona federal court. 
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									October 24, 2025
									Verite Capital Plugs $300M Into Used Cooking Oil Energy Co.Buffalo Biodiesel Inc., a company that recycles used cooking oil and turns it into renewable green energy, on Friday unveiled a capital and growth partnership with private investment firm Verite Capital Partners that includes a $300 million funding program. 
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									October 23, 2025
									FINRA Announces Probe Of Broker-Dealers' China WorkThe Financial Industry Regulatory Authority notified its members on Thursday that it is investigating broker-dealers that have helped small companies based out of China and other foreign jurisdictions to go public, signaling that it is looking for possible stock manipulation tied to the firms' work. 
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									October 23, 2025
									Ex-Intel Workers Seek High Court Review Of 401(k) SuitFormer Intel employees urged the U.S. Supreme Court to review the dismissal of their suit claiming their retirement savings were pushed into subpar investment options, saying the Ninth Circuit imposed too strict a standard by requiring them to identify similar funds for comparison. 
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									October 23, 2025
									SEC Accuses Hedge Fund Manager Of $2.7M Fraud SchemeThe U.S. Securities and Exchange Commission accused a New York-based investment adviser of using two companies to defraud over 25 investors out of $2.7 million with false promises of positive returns. 
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									October 23, 2025
									One Nuclear Energy To Go Public Via $1B SPAC MergerOne Nuclear Energy LLC, led by Nelson Mullins Riley & Scarborough LLP, on Thursday unveiled plans to go public through a merger with Sidley Austin LLP-guided special purpose acquisition company Hennessy Capital Investment Corp. VII, in a deal that values the energy company at $1 billion in pre-money equity. 
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									October 23, 2025
									Del. Startup Accuses Ex-CEO In Chancery Of Stock SchemeA Delaware pharmaceutical startup has sued its former CEO in the Delaware Chancery Court, accusing him of secretly enriching himself through unauthorized stock issuances and deceptive loans. 
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									October 23, 2025
									Morgan Stanley, Envestnet Board Sued In Del. Over $4.5B SaleTwo stockholders of wealth and data management giant Envestnet Inc. sued the company's former CEO, board and financial adviser Morgan Stanley in Delaware Chancery Court on Thursday, alleging breaches or aiding breaches of fiduciary duty tied to the company's $4.5 billion take-private deal with affiliates of Bain Capital. 
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									October 23, 2025
									Warner Bros. Rejects $60B Paramount Bid, And More RumorsWarner Bros. Discovery's board reportedly rejected a nearly $60 billion offer from Paramount Skydance, but a deal could still materialize after Warner Bros.' board launched a formal review of strategic alternatives. Among other recent reports, Anthropic and Google are said to be in talks for a potential multibillion-dollar cloud deal, and the private equity owner of Octus is preparing for a sale that could value the financial news company at more than $4 billion. 
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									October 23, 2025
									2 AI-Focused SPACs Plan To Raise Combined $575M In IPOsTwo artificial intelligence-focused special purpose acquisition companies have filed plans with the U.S. Securities and Exchange Commission to raise up to a combined $575 million in their initial public offerings. 
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									October 22, 2025
									Fintechs, Banks Clash Over Open Banking Rule RevisionsTrade groups representing banks and fintechs clashed in comment letters over the Consumer Financial Protection Bureau's plans to revise its data-sharing mandate, as banks urged the agency to scrap much of the earlier rule for favoring fintechs, while the tech upstarts argued many of the provisions remain necessary to bust banks' allegedly anticompetitive behavior. 
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									October 22, 2025
									REIT Inks $7M Settlement Of Ex-CEO's Class Action ClaimsA real estate investment trust has reached a $7.125 million deal to end a proposed investor class action brought by its former CEO alleging its insiders breached their fiduciary duties after the company's common stock was diluted by "disastrous" stock redemption decisions. 
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									October 22, 2025
									Farmers' Ohio Deal Is Latest Amid Banking M&A SurgeFarmers National Banc Corp. said Wednesday it has agreed to purchase Middlefield Banc Corp. for $299 million, amid a record-breaking run for banking deals that experts tell Law360 is being fueled by more favorable regulatory dynamics and years of pent-up demand. 
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									October 22, 2025
									Investor Advocates Criticize SEC's New Arbitration StanceTwo investor advocacy groups are speaking out against a recent U.S. Securities and Exchange Commission decision to allow some newly public companies to adopt mandatory arbitration clauses, arguing that the move undermines shareholder rights and could make the U.S. a less attractive place to invest. 
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									October 22, 2025
									Texas Appeals Court Wipes $64M Judgment For Dallas LenderA Texas appellate court wiped away a $64 million award to the subsidiary of a Dallas investment company following alleged fraud by Credit Suisse surrounding lending for a luxury Nevada community, saying the lower court improperly found that the subsidiary could collect damages above zero dollars. 
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									October 22, 2025
									AI Biz Uniphore Valued At $2.5B After $260M Funding RoundArtificial intelligence and data platform Uniphore on Wednesday revealed it had reached a $2.5 billion valuation after closing its Series F funding round with $260 million of committed capital. 
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									October 22, 2025
									Presidential Firing Limits Fight Builds At High CourtThe ousted U.S. Merit Systems Protection Board chair has encouraged the U.S. Supreme Court to include a caveat for "legislative courts" if it overturns precedent that empowers Congress to limit the president's authority to fire certain agency officials, but opponents of independent agencies want a clean break from the status quo. 
Expert Analysis
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								Series Law School's Missed Lessons: Client Service  Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale. 
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								How Occasional Activists Have Reshaped Proxy Fights  The sophistication and breadth of first-time activist engagement continue to shape corporate governance and strategic outcomes, as evidenced across corporate annual meetings this summer, meaning advisers should anticipate continued innovation in tactics, increased regulatory complexity, and a persistent focus on board accountability, say attorneys at MoFo. 
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								How Financial Cos. Can Prep As NYDFS Cyber Changes Loom  Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury. 
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								Opinion Ending Quarterly Reporting Would Erode Investor Protection  President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti. 
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								Series Adapting To Private Practice: 3 Tips On Finding The Right Job  After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith. 
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								Series Painting Makes Me A Better Lawyer  Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law. 
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								Opinion SEC Arbitration Shift Is At Odds With Fraud Deterrence  The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller. 
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								Protecting Sensitive Court Filings After Recent Cyber Breach  In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave. 
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								Despite Fraud Focus, SEC Still Targeting Technical Violations  The U.S. Securities and Exchange Commission under Chairman Paul Atkins has emphasized its back-to-basics strategy, focusing on identifying and combating fraud and manipulation, but at the same time, it has continued to pursue nonfraud-based actions targeting technical rule violations, a trend that will likely continue, say attorneys at Morgan Lewis. 
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								Series Judging Figure Skating Makes Me A Better Lawyer  Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu. 
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								Series Calif. Banking Brief: All The Notable Legal Updates In Q3  The third quarter of 2025 brought legislative changes to state money transmission certification requirements and securities law obligations, as well as high-profile accounting and anti-money laundering compliance enforcement actions by the Department of Financial Protection and Innovation, say attorneys at Ropes & Gray. 
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								What Ethics Rules Say On Atty Discipline For Online Speech  Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo. 
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								Balancing The Risks And Rewards Of Private Equity In 401(k)s  The recent executive order directing government agencies to consider encouraging private equity and other alternative investments in 401(k) plans does not change the fundamental fiduciary calculus or reduce risk, as success with private investments will depend on careful analysis of both participant demand and fiduciary obligations, say attorneys at Jenner & Block. 
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								2 Rulings Highlight IRS' Uncertain Civil Fraud Penalty Powers  Conflicting decisions from the U.S. Tax Court and the Northern District of Texas that hinge on whether the IRS can administratively assert civil fraud penalties since the U.S. Supreme Court’s 2024 decision in SEC v. Jarkesy provide both opportunities and potential pitfalls for taxpayers, says Michael Landman at Bird Marella. 
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								SEC Fine Signals Crackdown On Security-Based Swap Dealers  The U.S. Securities and Exchange Commission's recent fine against MUFG Securities is unique because it involves a non-U.S. security-based swap dealer complying with U.S. laws based on the election of substituted compliance, but it should not be dismissed as a one-off case, says Kelly Rock, formerly at the SEC.