Asset Management

  • January 26, 2026

    Anthem Seeks Dismissal Of 'Ghost Network' Class Action

    A proposed class action's allegations that Anthem Health Plans maintains inaccurate mental health directories known as ghost provider networks aren't true and are "legally deficient," the insurer and its parent company, Elevance Health Inc., argued while urging a Connecticut federal court to toss the suit.

  • January 26, 2026

    Bankrupt Biz Can't Avoid Pension Obligations, 4th Circ. Says

    A defunct construction business owes the International Painters and Allied Trades Industry Pension Fund about $1.6 million, a Fourth Circuit panel said Monday, affirming a lower court's decision that the fund's lawsuit seeking payment was filed on time.

  • January 26, 2026

    Pool Equipment Co. Reaches $20M Deal To End Investor Suit

    Pool equipment maker Hayward Holdings Inc. has reached a nearly $20 million deal with its investors to settle claims that it failed to properly disclose its struggles with ballooning inventory and lowered demand.

  • January 26, 2026

    DOL Asks 3rd Circ. To Back Siemens' 401(k) Forfeiture Suit Exit

    The U.S. Labor Department supported Siemens Corp.'s request that the Third Circuit affirm the dismissal of a proposed class action alleging the technology company's use of millions in forfeited 401(k) funds violated federal benefits law, agreeing with a lower federal court that the allegations reached beyond ERISA's scope.

  • January 26, 2026

    Paul Weiss, Foley & Lardner Steer IonQ's $1.8B SkyWater Deal

    Quantum computing company IonQ said Monday it has agreed to purchase U.S. semiconductor maker SkyWater Technology in a cash-and-stock transaction with a total equity value of approximately $1.8 billion.

  • January 26, 2026

    Davis Polk, Ropes & Gray Steer $2.4B PE-Backed Entrust Deal

    Davis Polk & Wardwell LLP-advised engineering firm Leidos on Monday unveiled plans to acquire private equity-backed consulting and engineering services platform Entrust Solutions Group, led by Ropes & Gray LLP, in a $2.4 billion all-cash deal.

  • January 26, 2026

    Gold Mining Businesses Merge In $372M Deal

    Gold and silver producer Gold Resource Corp. on Monday announced plans to be bought by Canadian-based mining company Goldgroup Mining Inc. in a $372 million deal.

  • January 23, 2026

    Coinbase Moves To End Suit Over SEC, 'Bankruptcy' Warnings

    Coinbase and its top brass have again urged a New Jersey federal judge to toss a class action alleging the cryptocurrency exchange misled investors about its regulatory risks and bankruptcy concerns, arguing investors were given enough notice about a U.S. Securities and Exchange Commission investigation and that new Third Circuit rulings undercut the suit's claims.

  • January 23, 2026

    Intel Case Sets Up Justices To Tackle 401(k) Benchmarks

    The U.S. Supreme Court's decision to take up a suit challenging target-date fund offerings in two Intel employee 401(k) plans gives benefits attorneys hope that clarity is coming on whether meaningful benchmarks are required to plead that investment underperformance breached fiduciary duties under federal benefits law.

  • January 23, 2026

    Taxation With Representation: Vinge, A&O Shearman, Cassels

    In this week's Taxation With Representation, Swedish private equity company EQT buys U.K. secondaries firm Coller Capital, biopharmaceutical giant GSK PLC acquires Rapt Therapeutics Inc., and fusion energy company General Fusion announces plans to go public by merging with special purpose acquisition company Spring Valley Acquisition Corp. III.

  • January 23, 2026

    Wealth Management Biz To Go Public Via $300M SPAC Merger

    Australian trading and wealth management technology company Openmarkets unveiled plans Friday to go public by merging with special purpose acquisition company Lake Superior Acquisition Corp. in a deal with an estimated enterprise value of $300 million.

  • January 23, 2026

    Latham, Davis Polk Guide Construction Gear Co.'s $747M IPO

    Construction equipment rental company EquipmentShare began trading Friday after raising $747 million at the midpoint of an expected range in an initial public offering guided by Davis Polk & Wardwell LLP and underwriters counsel Latham & Watkins LLP.

  • 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.

Expert Analysis

  • Atkins-Led SEC Continues Focus On Private Funds

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    Since the change in administration, there has overall been a more accommodative regulatory stance toward private funds, but a recent enforcement action suggests that the U.S. Securities and Exchange Commission is not backing off from enforcement in the space completely, say attorneys at Simpson Thacher.

  • 9th Circ. Ruling Leaves SEC Gag Rule Open To Future Attacks

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    Though the Ninth Circuit's recent ruling in Powell v. U.S. Securities and Exchange Commission leaves the SEC's no-admit, no-deny rule intact, it could provide some fodder for litigants who wish to criticize the commission's activities either before or after settling with the commission, says Jonathan Richman at Brown Rudnick.

  • Series

    Writing Musicals Makes Me A Better Lawyer

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    My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.

  • Series

    Adapting To Private Practice: From Va. AUSA To Mid-Law

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    Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.

  • Rebutting Price Impact In Securities Class Actions

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    Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.

  • 7 Document Review Concepts New Attorneys Need To Know

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    For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.

  • Stablecoin Committee Promotes Uniformity But May Fall Short

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    While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.

  • Agentic AI Puts A New Twist On Attorney Ethics Obligations

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    As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.

  • Parsing Trump Admin's First 6 Months Of SEC Enforcement

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    The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding.

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • Why Fla. Ruling Is A Call To Action For Foreclosure Counsel

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    A Florida state court's recent decision in Open Range Properties v. AmeriHome Mortgage has sent ripples through the banking industry and the legal community, and signals a new era of heightened scrutiny and procedural rigor in foreclosure litigation, says Andrew McBride and Adams & Reese.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

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