Asset Management

  • March 10, 2026

    Genworth Unravels 401(k) Fund Suit Class Cert. At 4th Circ.

    The Fourth Circuit on Tuesday reversed class certification for Genworth Financial Inc. employee 401(k) participants who alleged that their retirement savings were dragged down by underperforming BlackRock Inc. target date funds, holding that individual plan participants' investment performance was too varied for the court to sign off on their claims as a group.

  • March 10, 2026

    Atkins Promises End To 'Duplicative' SEC-CFTC Enforcement

    The U.S. Securities and Exchange Commission is in the process of updating its protocols for coordinating enforcement efforts with the Commodity Futures Trading Commission with an eye toward ending "duplicative enforcement actions," SEC Chair Paul Atkins said Tuesday.

  • March 10, 2026

    Nexthop AI Hits $4.2B Valuation After $500M Funding Round

    Artificial intelligence networking technology developer Nexthop AI, advised by Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP, on Tuesday announced that its valuation soared to $4.2 billion after closing its oversubscribed Series B funding round with $500 million in tow.

  • March 09, 2026

    Judge Won't Strike Edited Photo In Ohtani Baseball Fight

    A Florida judge rejected a bid Monday by a claimant to a record-breaking home run ball by baseball star Shohei Ohtani to strike another claimant's motion because of an edited photo, ruling that editing a photo for color and clarity does not make a photo inadmissible.

  • March 09, 2026

    Bitcoin Classes Should Be Modified, Judge Says In Opinion

    A New York federal judge narrowed the class definitions in a suit accusing Tether and Bitfinex of rigging the cryptocurrency market and costing investors hundreds of billions of dollars, after finding that there is no "clear-cut" injury for some investors. 

  • March 09, 2026

    GoodVision AI To Go Public Through $180M SPAC Merger

    Cloud computing and artificial intelligence infrastructure solutions provider GoodVision AI Inc., advised by VCL Law LLP, unveiled plans Monday to go public by merging with Graubard Miller-advised special purpose acquisition company Calisa Acquisition Corp. in a deal valued at $180 million.

  • March 09, 2026

    Canadian Funds Can't Block IRS Bank Summons, Court Says

    Two Cayman-Canadian investment funds cannot block IRS summonses made on behalf of the Canadian government for daily trading records at a U.S. bank because they failed to show the agency didn't tick the right boxes, a New York federal court said.

  • March 09, 2026

    3 Firms Advise On Talkspace's $835M Planned Sale To UHS

    Universal Health Services has agreed to acquire virtual mental health company Talkspace at an enterprise value of about $835 million, the hospital operator said on Monday, as it looks to expand its outpatient and telehealth behavioral health services.

  • March 09, 2026

    AI Startup Nscale Hits $14.6B Valuation, Backed By Nvidia

    Artificial intelligence hyperscaler Nscale on Monday revealed it had reached a $14.6 billion valuation after closing a Series C funding round with $2 billion in tow, supported by Nvidia, Lenovo and others.

  • March 09, 2026

    Sullivan & Cromwell Advises Agilent On $950M Biocare Buy

    Agilent Technologies Inc. agreed to acquire Biocare Medical, a specialist in clinical and research pathology solutions, in an all-cash transaction valued at $950 million, the company said Monday.

  • March 09, 2026

    Critical Minerals Biz Goes Public Via $4.7B SPAC Deal

    Critical minerals company and geothermal energy developer Controlled Thermal Resources Holdings Inc., advised by Duane Morris LLP, on Monday unveiled plans to go public by merging with Greenberg Traurig LLP-advised special purpose acquisition company Plum Acquisition Corp. IV in a $4.7 billion deal.

  • March 06, 2026

    Calif. Judge Blasts Ex-Venture Capitalist In Axing SVB Suit

    Convicted venture capitalist and self-described "Silicon Valley's party animal" Michael Rothenberg's conduct in his lawsuit against the Federal Deposit Insurance Corp., acting on behalf of the failed Silicon Valley Bank, "consisted almost entirely of ignoring or frustrating" his litigation obligations, a California federal judge ruled in throwing out the case.

  • March 06, 2026

    EisnerAmper Settles SEC Allegations Over Infinity Q Audit

    Audit firm EisnerAmper LLP will not have to pay a fine to resolve U.S. Securities and Exchange Commission allegations tied to its 2020 audit of an Infinity Q Capital Management LLC mutual fund at the center of a criminal overvaluation case.

  • March 06, 2026

    FinCEN Hits Canaccord With Record $80M Broker-Dealer Fine

    Canaccord Genuity Group Inc.'s broker-dealer arm Friday agreed to pay $80 million in settlements with three financial regulators for "widespread compliance failures" that allowed some securities fraud schemes to go undetected, with the broker-dealer admitting it willfully violated the Bank Secrecy Act.

  • March 06, 2026

    SEC Ordered To Release Info On Text Messaging Sweeps

    A Florida federal judge has harshly criticized the U.S. Securities and Exchange Commission's litigation tactics as an "acute embarrassment" to the agency as he ordered it to turn over information about the penalties imposed on financial institutions whose employees discussed business information on their personal devices.

  • March 06, 2026

    Lost Mail Helps State Street Exit Judgment In Crypto Case

    A North Carolina federal judge undid a default judgment ruling against investment management firm State Street Global Advisors, finding the investor who sued claiming he lost $650,000 trying to transfer cryptocurrency to a digital wallet named the wrong defendant, and a summons to the firm was lost.

  • March 06, 2026

    NC Biz Court Won't Take On Insurer's $20M Judgment Dispute

    An insurer's suit seeking to collect an outstanding $20 million judgment entered against a North Carolina businessman will be heard in superior court, a state business court judge ruled, finding that the dispute did not meet the statutory requirements for designation as a mandatory complex business case.

  • March 06, 2026

    Texas Justices To Weigh LLC Exemption For Ch. 7 Appeal

    The Texas Supreme Court on Friday agreed to help the Fifth Circuit resolve a bankruptcy case appeal by determining if a limited liability company governed by Texas law qualifies as exempt property in a bankruptcy proceeding.

  • March 06, 2026

    Energy Trade Group Workers Score Class Cert. In 401(k) Suit

    A Virginia federal judge on Friday agreed to certify a group of participants in a 401(k) plan for employees of the National Rural Electric Cooperative Association, an electric utility trade group, on claims that their retirement savings were dragged down by excessive administrative fees.

  • March 06, 2026

    Treasury Regs Clarify $1,000 Payments To Trump Accounts

    The U.S. Department of the Treasury and the Internal Revenue Service proposed tax guidance Friday for people considering the government's offer to make $1,000 contributions under a new type of individual retirement accounts for children known as Trump accounts.

  • March 06, 2026

    Baker McKenzie Guides Servier On $2.5B Oncology Deal

    French pharmaceutical group Servier said Friday that it has agreed to acquire Day One for about $2.5 billion in cash, with legal guidance from Baker McKenzie.

  • March 06, 2026

    Cleary, Davis Polk Lead Diabetes Biz MiniMed's $560M IPO

    Medtronic's diabetes-focused spin-off MiniMed Group began trading publicly Friday after pricing a $560 million initial public offering, well below the expected target of $742 million.

  • March 05, 2026

    Pfizer Gets OK For $29M SEC Payout From Insider Case

    A New York federal judge on Thursday approved a request from the U.S. Securities and Exchange Commission and Pfizer to have $29 million paid out to a Pfizer subsidiary from the roughly $75.2 million distribution left over from a $602 million insider trading deal.

  • March 05, 2026

    Tokenized Securities Get Same Capital Treatment, Feds Say

    Federal banking regulators said Thursday that the capital treatment of so-called tokenized securities is the same as their traditional counterparts, emphasizing that bank capital rules are "technology neutral" and don't change when a security is recorded on a distributed ledger.

  • March 05, 2026

    Ex-Wells Fargo Worker's Atty Fee Bid Denied, For Now

    A federal judge rejected a request for attorney fees by a former Wells Fargo worker who won a $22 million Americans with Disabilities Act verdict, saying he will consider the motion again after the Fourth Circuit renders its decision in the bank's appeal.

Expert Analysis

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

    Author Photo

    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

    Author Photo

    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • How 9th Circ. Ruling Deepens SEC Disgorgement Circuit Split

    Author Photo

    The Ninth Circuit's recent decision in U.S. Securities and Exchange Commission v. Sripetch creates opposing disgorgement rules in the two circuits where the SEC brings a large proportion of enforcement actions — the Second and Ninth — and increases the likelihood that the U.S. Supreme Court will step in, say attorneys at Cahill Gordon.

  • SEC Crypto Custody Relief Offers Clarity For Funds

    Author Photo

    A recent U.S. Securities and Exchange Commission staff letter supplies a workable path for registered investment advisers and funds seeking to offer crypto custody services by using state trust companies, and may portend additional useful guidance regarding crypto custody, say attorneys at Morgan Lewis.

  • DOJ's UnitedHealth Settlement Highlights New Remedies Tack

    Author Photo

    The use of divestitures and Hart-Scott-Rodino Act compliance in the recent U.S. Department of Justice settlement with UnitedHealth Group and Amedisys underscores the DOJ Antitrust Division's willingness to utilize merger remedies under the second Trump administration, say attorneys at Buchanan Ingersoll.

  • When Atty Ethics Violations Give Rise To Causes Of Action

    Author Photo

    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • A Shift To Semiannual Reporting May Reshape Litigation Risk

    Author Photo

    While the U.S. Securities and Exchange Commission's proposed change from quarterly to semiannual reporting may reduce the volume of formal filings, it wouldn't reduce litigation risk, instead shifting it into less predictable terrain — where informal disclosures, timing ambiguities and broader materiality debates will dominate, says Pavithra Kumar at Advanced Analytical Consulting Group.

  • TikTok Divestiture Deal Revolves Around IP Considerations

    Author Photo

    The divestiture deal between the U.S. and China to resolve a security dispute over TikTok's U.S. operations is seen as a diplomatic breakthrough, but its success hinges on the treatment of intellectual property and may set a precedent in the global contest over digital sovereignty and IP control, say attorneys at Brownstein Hyatt.

  • Series

    Practicing Stoicism Makes Me A Better Lawyer

    Author Photo

    Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.

  • How Courts Treat Nonservice Clauses For Financial Advisers

    Author Photo

    Financial advisers considering a job change should carefully consider recent cases that examine controlling state law for nonservice and nonacceptance provisions to prepare for potential legal challenges from former firms, says Andrew Shedlock at Kutak Rock.

  • Series

    The Biz Court Digest: Texas, One Year In

    Author Photo

    A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.

  • Series

    Law School's Missed Lessons: Educating Your Community

    Author Photo

    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

    Author Photo

    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • Opinion

    It's Time For The Judiciary To Fix Its Cybersecurity Problem

    Author Photo

    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Series

    Writing Novels Makes Me A Better Lawyer

    Author Photo

    Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Asset Management archive.