Asset Management

  • June 18, 2026

    Trump Accounts Not Subject To ERISA, DOL Says

    Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.

  • June 18, 2026

    Ohio Justices Clear Interactive Brokers Of $25M Scheme

    The Ohio Supreme Court said Thursday that Interactive Brokers LLC cannot be held liable for a failed $25 million investment scheme run by a now-deceased customer, finding that the relevant state statute requires a firm to provide more than routine account services to be held liable for a customer's scheme.

  • June 18, 2026

    Goodwin, Latham Lead Biotech Kardigan's $400M IPO

    Venture-backed Kardigan Inc., a biotechnology firm developing therapies for cardiovascular diseases, hit the public markets on Thursday after raising $400 million in its initial public offering.

  • June 18, 2026

    5 Big ERISA Litigation Developments From 2026's First Half

    The U.S. Supreme Court's acceptance of a petition challenging Intel's 401(k) investment lineup and a Fourth Circuit ruling unraveling a class of Genworth Financial retirement plan participants headlined the court developments that caught benefits attorneys' attention in the first six months of 2026. Here, Law360 looks at those and other noteworthy ERISA decisions.

  • June 18, 2026

    DeepSeek's Valuation Soars To $50B, Plus More Rumors

    Artificial intelligence company DeepSeek hit a $50 billion valuation following its latest funding round, the original backers of artificial intelligence company Manus are planning to buy the company back from Meta, and private equity shop KKR wants to buy a majority stake in the Indian business of Sweden's Medicover for at least $1 billion.

  • June 18, 2026

    Accenture Unveils $4.2B Cybersecurity Software Buying Spree

    Accenture said Thursday it will acquire a majority stake in industrial cybersecurity company Dragos and buy runZero and NetRise in deals with a combined enterprise value of $4.175 billion, expanding its software offerings for securing critical infrastructure and industrial operations.

  • June 18, 2026

    FTX Trust Cleared For $600M Disputed Claim Fund Reduction

    The FTX Recovery Trust received approval Thursday from a Delaware bankruptcy court to reduce the funds in a disputed claims reserve by $600 million after the trust processed thousands of claims that were either allowed or modified.

  • June 17, 2026

    OCC Warns Charter Hopefuls Against Incomplete Applications

    The Office of the Comptroller of the Currency said Wednesday that it will send back incomplete regulatory applications without a review and will start publishing its denial decisions, putting bank charter hopefuls and other corporate filers on notice.

  • June 17, 2026

    CME's Trial Win Sticks In Members' $2B Trading Rights Case

    An Illinois state court judge has refused to unwind CME Group's trial win over a group of members' $2 billion dispute claiming the commodities exchange violated their contractual trading floor exclusivity rights by opening a data center to accommodate high-speed and algorithmic trading.

  • June 17, 2026

    FINRA Expels NY Firm, Bars Founders Over Churning Scheme

    The Financial Industry Regulatory Authority on Wednesday expelled a New York broker-dealer and its co-founders and fined the firm's chief compliance officer over claims that the founders churned and excessively traded customer accounts, harming customers while generating millions in revenue for the firm.

  • June 17, 2026

    Citigroup Says Foreign Bondholders Can't Bring RICO Suit

    Citigroup urged a Florida federal magistrate judge Wednesday to dismiss racketeering claims in a suit accusing the bank of running a massive cash advance fraud scheme, arguing the bondholder plaintiffs suffered no domestic injury that would allow them to sue under the Racketeer Influenced and Corrupt Organizations statute.

  • June 17, 2026

    Paul Weiss-Led Data Center Operator Csquare Files IPO Plans

    Data center operator CSquare Inc. has filed plans with the U.S. Securities and Exchange Commission for its initial public offering, steered by Paul Weiss Rifkind Wharton & Garrison LLP and Latham & Watkins LLP.

  • June 17, 2026

    Luxottica, Ex-Worker End Pension Suit Over Annuity Benefits

    Luxottica and a former worker who challenged the company's methodology for paying annuity benefits agreed Wednesday to resolve a proposed class action, a month after the nation's highest court declined the eyewear-maker's bid to review a Second Circuit ruling keeping some of her claims out of arbitration.

  • June 17, 2026

    SEC Faces Call To Write Rules For Crypto Wallet Apps

    The Securities Industry and Financial Markets Association is calling on the U.S. Securities and Exchange Commission to write rules outlining when companies providing access to cryptocurrency wallets must register as brokers, saying that a recent staff statement on the issue represents "a significant departure" from past agency practice.

  • June 17, 2026

    Medical Spa Investment Co. Files Ch. 11 With $10M+ Debt

    An investment management firm specializing in medical spas and medical aesthetics providers has filed for Chapter 11 protection in Delaware with $10 million to $50 million in debt.

  • June 17, 2026

    3 Firms Guide Quantum Tech Co. EigenQ's $3B SPAC Merger

    Quantum technology company EigenQ Inc., advised by Ellenoff Grossman & Schole LLP, on Wednesday unveiled plans to go public by merging with Greenberg Traurig LLP-led special purpose acquisition company Silicon Valley Acquisition Corp. in a deal that values the business at $3 billion.

  • June 16, 2026

    Mark Cuban Urges 6th Circ. To Rehear Case Against FINRA

    Mark Cuban is throwing his weight behind a Sixth Circuit challenge to the constitutionality of the Financial Industry Regulatory Authority's in-house disciplinary proceedings, arguing in a Tuesday brief that the regulator shouldn't be allowed to penalize the owner of a consulting company without first affording him a trial. 

  • June 16, 2026

    Nationwide Aims To Decertify 50K ERISA Class Ahead Of Trial

    Nationwide urged an Ohio federal judge to cut down a class of 50,000 401(k) plan participants who claimed the company mismanaged a fund in its retirement plan, pointing to a recent Fourth Circuit ruling that said defined contribution plans require too many individual assessments to earn class certification.

  • June 16, 2026

    Align Capital Secures $1.1B Across 2 New Funds

    Align Capital Partners, advised by Kirkland & Ellis LLP, on Tuesday revealed that it closed its two latest funds after securing a combined $1.1 billion of investor commitments.

  • June 16, 2026

    Kirkland-Led Clearlake Wraps $14.8B Flagship Fund

    Kirkland & Ellis LLP-advised private equity shop Clearlake Capital Group LP on Tuesday revealed it had closed its eighth flagship fund with $14.8 billion in tow, targeting investments in the artificial intelligence, software modernization, digital transformation and operational efficiency sectors.

  • June 16, 2026

    2 Firms To Lead Target Investor Suit Over Pride Month Merch

    Grant & Eisenhofer PA and Boyden Gray PLLC will lead a group of shareholders suing Target Corp. over its Pride-themed merchandise that they claim was "exceptionally offensive" and "betrayed" investors.

  • June 16, 2026

    Skadden Adds Investment Management Trio In DC, Abu Dhabi

    Skadden Arps Slate Meagher & Flom LLP has hired three former lawyers from Akin Gump Strauss Hauer & Feld LLP who will work with investment management clients in Abu Dhabi and Washington, D.C., according to a Tuesday announcement.

  • June 16, 2026

    NC Man Must Pay $36K To End SEC's Suit Over 'Free-Riding'

    A U.S. Securities and Exchange Commission lawsuit accusing a North Carolina man of taking advantage of broker-dealer services to trade hundreds of thousands in securities despite not having the funds came to an end Monday in a final judgment after he failed to appear.

  • June 15, 2026

    6th Circ. Says Auto Mogul Must 'Pay Up' In Lengthy Loan Spat

    The Sixth Circuit on Monday upheld a $750 million judgment and a separate $20 million contempt ruling against the owner of an auto parts manufacturer in a 24-year-old fight over a defaulted loan, ruling that the mogul must "pay up."

  • June 15, 2026

    Funds' High Court Win Could Curb Investor Activism

    The U.S. Supreme Court's decision last week to curtail private litigation against investment funds may have little impact on active litigation, but attorneys say it cuts off an avenue investors have recently used to assert control over boards and could have ripple effects on how courts interpret federal securities laws.

Expert Analysis

  • Where 5th Circ. Ruling Fits In ERISA Arbitration Landscape

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    The Fifth Circuit's recent decision in Parrott v. International Bancshares, holding that an Employee Retirement Income Security Act plan may consent to arbitration, must be understood against the backdrop of a developing body of appellate authority addressing ERISA arbitration, say attorneys at Gibson Dunn.

  • Navigating Exclusion Decisions After SEC's No-Action Change

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    Following the U.S. Securities and Exchange Commission's November changes to the Rule 14a-8 no-action letter process, shareholder proponents have turned to litigation if companies excluded their proposals under the new framework, with three recent cases offering useful lessons for companies navigating exclusion decisions this proxy season, say attorneys at Cleary.

  • 5 Different AI Systems Raise Distinct Privilege Issues

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    A New York federal court’s recent U.S. v. Heppner decision, holding that a defendant’s use of Claude was not privileged, only addressed one narrow artificial intelligence system, but lawyers must recognize that the spectrum of AI tools raises different confidentiality and privilege questions, says Heidi Nadel at HP.

  • Opinion

    AI-Assisted Arbitration Needs Safeguards To Ensure Fairness

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    As tribunals and arbitral institutions increasingly use artificial intelligence tools in their decision-making processes, ​​​​​​​clear disclosure standards and procedural safeguards are necessary to ensure that efficiency gains do not erode the fairness principles on which arbitration depends, says Alexander Lima at Wesco International.

  • Series

    Playing Piano Makes Me A Better Lawyer

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    Playing piano and practicing law share many parallels relating to managing complexity: Just as hearing an entire musical passage in my head allows me to reliably deliver the message, thinking about the audience's impression helps me create a legal narrative that keeps the reader engaged, says Michael Shepherd at Fish & Richardson.

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    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.

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    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.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    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.

  • Del. Dispatch: Workplace Sexual Misconduct Liability In Flux

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    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.

  • US-Ukraine Reconstruction Fund Tax Exemptions Uncertain

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    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.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    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.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    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.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    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.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    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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