Asset Management

  • October 22, 2026

    PE Giants In Talks With NFL As Nscale Gets Heat Over IPO

    Blackstone and Apollo are in talks with the NFL about potential investment in teams, Nscale is working on a potential $45 billion deal to provide Anthropic with compute power as the data center developer faces questions over its lofty IPO valuation, and private equity-backed financial technology company IntraFi could be up for sale valued at more than $10 billion. 

  • October 22, 2026

    Treasury Proposes Barring Big Investors From Buying Homes

    The U.S. Department of the Treasury has proposed a rule that would bar large institutional investors from buying single-family homes, absent specific exceptions, saying Thursday that the proposal aims to "make homeownership more affordable for hardworking Americans."

  • October 22, 2026

    Epstein Aides Deny NM's Claims They Enabled Sex Trafficking

    The co-executors of Jeffrey Epstein's estate on Wednesday denied allegations in a new federal lawsuit that they enabled the financier's expansive sex trafficking operation, with their counsel questioning the New Mexico attorney general's motivations for filing it.

  • October 22, 2026

    Ropes-Led GEM Clinches $685M Independent Sponsors Fund

    Ropes & Gray LLP-advised independent investment management firm GEM on Thursday revealed that it has wrapped its latest independent sponsors fund with $685 million in tow.

  • October 21, 2026

    Snap Financial Reaches $664M Settlement With Red States

    Consumer financial services company Snap Financial on Wednesday agreed to pay $664 million to 17 Republican-led states to end claims that it used misleading disclosures about its leasing arrangements.

  • October 21, 2026

    VC Firm Vintage Raises $920M Of Fresh Capital

    Venture capital firm Vintage Investment Partners on Wednesday announced that its total assets under management grew to $4.8 billion after it raised $920 million in new capital.

  • October 21, 2026

    Providence Health Gets Green Light For 401(k) Forfeiture Deal

    A Washington federal judge has approved a nearly $43 million settlement agreement that ends a lawsuit alleging Providence Health & Services unlawfully used forfeited retirement funds to cover employer contributions instead of plan expenses.

  • October 21, 2026

    PBM Fee Disclosure Rule Clears White House Review

    A White House budget office has completed review of a rule from the U.S. Department of Labor's employee benefits arm that would require new fee disclosures from pharmacy benefit managers, which act as intermediaries between drugmakers, pharmacies and insurers.

  • October 21, 2026

    Fund Manager Challenges Chancery's Congo Palm Oil Ruling

    An investment fund manager and three affiliated entities urged the Delaware Supreme Court Wednesday to overturn a ruling that stripped them of interests in a Congolese palm oil business, arguing it handed fellow investor Kuramo Capital Management LLC an enormous windfall, while Kuramo defended the unusual remedy as necessary to protect its investment from the manager's misconduct.

  • October 21, 2026

    NM Accuses Epstein's Aides Of Enabling Sex Trafficking

    The state of New Mexico and its attorney general sued the co-executors of Jeffrey Epstein's estate Wednesday, claiming the two aides continue to profit off their roles in Epstein's sex trafficking scheme.

  • October 21, 2026

    Pantheon Wraps $6B PE Secondaries Fund

    Private markets investor Pantheon revealed Wednesday that it clinched its latest private equity secondaries fund with $6 billion of capital commitments.

  • October 20, 2026

    CFTC's Selig Says Agency Is Building AI To Police Markets

    U.S. Commodity Futures Trading Commission Chairman Michael Selig spoke to an audience in Washington, D.C., Tuesday about his agency's use of artificial intelligence, whether regulations adopted in the wake of the 2008 financial crisis had gone "too far" and how he is pressing ahead with crypto rules despite Congress' inability to pass regulations before the midterm elections.

  • October 20, 2026

    Eton Park, Petersen Can't Keep Argentina Docs In $16B Case

    Former minority shareholders in Argentine oil and gas company YPF have been barred from retaining discovery obtained in a New York court case as they pursue an investor-state claim against Argentina over a since-overturned $16 billion judgment, according to a Monday court order.

  • October 20, 2026

    Paul Hastings Leads Monomoy's $589M Family Fund Close

    Paul Hastings LLP-led private investment firm Monomoy Capital Partners on Tuesday announced that it wrapped its inaugural Family Fund with $589 million in tow.

  • October 20, 2026

    Atty Used Legal Cred To Prop Up Ponzi Schemes, DOJ Says

    A Florida attorney was arrested Tuesday on charges of using his legal bona fides to help run two Ponzi schemes that swindled investors out of nearly $2 million, according to the U.S. Department of Justice.

  • October 20, 2026

    Conn. Man Admits To Gambling Away Crypto Investors' Money

    A Connecticut man has pled guilty to multiple federal criminal charges that he scammed cryptocurrency investors and gambled away more than $1.1 million of their money, court records show.

  • October 20, 2026

    Davis Polk-Led Ara Wraps Inaugural $2.5B Energy Fund

    Davis Polk & Wardwell LLP-advised private equity shop Ara Partners on Tuesday revealed that it closed its inaugural energy fund after securing $2.5 billion of capital commitments.

  • October 20, 2026

    6 Firms Advise On Prudential's $4B Brazil, Mexico Sale

    Prudential Financial Inc. said Tuesday it has agreed to sell its businesses in Brazil and Mexico to French insurer CNP Assurances Group for $4.03 billion in cash, with Willkie Farr & Gallagher LLP and Skadden Arps Slate Meagher & Flom LLP among six international law firms advising on the deal.

  • October 19, 2026

    Justices Urged To Hear Case Targeting FINRA Enforcement

    The U.S. Supreme Court has been asked to hear a case challenging the ability of the Financial Industry Regulatory Authority to impose fines through an in-house disciplinary procedure with a broker who was penalized by the regulator, telling the justices that it was "futile" to first bring his constitutional arguments before the U.S. Securities and Exchange Commission.

  • October 19, 2026

    SEC Official Tells Advisers Not To Wait For AI Guidance

    The director of the U.S. Securities and Exchange Commission's Investment Management Division said that advisers should not "wait for regulators to hold your hands" as they use artificial intelligence, saying regulatory guidance may be "too limited and too late."

  • October 19, 2026

    5 Firms Build Migraine-Focused TriGemX's $600M SPAC Deal

    Biotechnology company TriGemX Bio on Monday unveiled plans to go public by merging with special purpose acquisition company TCGX Acquisition Corp. in a deal built by five law firms that creates a combined company with a $600 million post-transaction equity value.

  • October 19, 2026

    CoinFund, Co-Founder Clash Over $230K Equity Cashout

    A co-founder of cryptocurrency investment firm CoinFund and his former business partners clashed in Delaware Chancery Court on Monday over whether a roughly $230,000 cashout offer for his 25% stake complied with their agreements or was part of a scheme to deprive him of a more valuable ownership interest.

  • October 19, 2026

    BDO $1.3B ESOP Fight Dismissed On Standing Grounds

    A Massachusetts federal judge on Monday dismissed a proposed class action against BDO USA alleging the accounting and tax advisory firm's $1.3 billion deal to create an employee stock ownership plan violated federal benefits law, holding the worker who sued couldn't show that the transaction injured him.

  • October 19, 2026

    Adviser In Easement Suit Looks To Shed Malpractice Claim

    A financial adviser urged a Georgia federal court to toss a professional malpractice claim in a suit alleging it referred clients to participate in an illegitimate conservation easement scheme, saying the claim is time-barred under state law.

  • October 19, 2026

    Architecture Consulting Co. Inks $750K Deal In ERISA Suit

    Architecture, engineering and consulting company Ramboll Limited will pay $750,000 to resolve a class action claiming it failed to kick an underperforming investment fund out of its retirement plan, the workers behind the suit have told a New York federal judge.

Expert Analysis

  • What Lawyers Should Know Before Accepting Crypto Payment

    Author Photo

    As clients increasingly request to pay legal fees, retainers and escrow funds using cryptocurrency, lawyers should consider how only a handful of state bar authorities have addressed the issue with varying ethics opinions, as well as the related questions that no authority has yet answered, says attorney Felix Shipkevich.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

    Author Photo

    California's financial regulators spent the third quarter of 2026 focusing on consumer protection enforcement at home while resisting federal efforts to displace state oversight — reinforcing the state's intention to shape the compliance landscape for institutions operating within its borders despite federal deregulatory trends, say attorneys at Ropes & Gray.

  • How States May Enter The Shareholder Proposal Landscape

    Author Photo

    Rescission of the U.S. Securities and Exchange Commission's shareholder proposal rule doesn't herald the end of shareholder activism, but it allows state legislatures to play a central role in determining the future of shareholder proposals, with that uncertainty creating new opportunities for both issuers and activists, say attorneys at Thompson Coburn.

  • Series

    Mentalism Makes Me A Better Lawyer

    Author Photo

    Convincing strangers I can read their minds may seem like an unusual second career for a legal practitioner, but both disciplines share several important requirements, including trust and preparation, says Warren Biro at Manatt.

  • Why And How To Build A Neurodiversity-Informed Practice

    Author Photo

    By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise struggle to obtain and benefit from legal services, while developing good habits that will benefit everyone they represent, says Ting Cheung at Sanford Heisler.

  • How SEC Is Changing The Shareholder Proposal Landscape

    Author Photo

    The U.S. Securities and Exchange Commission continues to place its shareholder proposal rule at the center of its agenda, now with a newly proposed rule that would rescind it entirely, showcasing an agency seeking to narrow its overall focus, say attorneys at Thompson Coburn.

  • SEC's Shareholder Activism Role After The '26 Proxy Season

    Author Photo

    The U.S. Securities and Exchange Commission recently proposed eliminating its shareholder proposal rule, but this proxy season's combination of elevated campaign activity, limited formal escalation and measured voting outcomes illustrates why a targeted SEC role remains important, say attorneys at Sidley.

  • Opinion

    CFTC's New Award Policy Punishes Whistleblower Success

    Author Photo

    The U.S. Commodity Futures Trading Commission recently capped four whistleblower awards because it considered them too large, arguing that it could lead to frivolous reporting, but the move instead penalizes the program for its own success and flies in the face of the framework enacted by Congress, say attorneys at Whistleblower Partners.

  • Testing AI's Promise For Large-Scale Document Review

    Author Photo

    Our document-review comparison of attorneys' responsiveness and issue coding decisions versus predictions generated by artificial intelligence across 1,600 documents suggests that these tools can offer a reasonable and reliable basis for improved discovery workflows, provided lawyers understand where guardrails are needed, say attorneys at Redgrave.

  • FDIC Standards Body Could Ease Bank Vendor Due Diligence

    Author Photo

    The Federal Deposit Insurance Corp.'s recently proposed standards body for bank vendors could streamline due diligence and onboarding, but banks and their third-party service providers alike should still monitor open questions around oversight, certification costs and governance, say attorneys at Clark Hill.

  • AI Meeting Recaps Pose New Discovery And Privilege Risks

    Author Photo

    The New York City Bar Association’s recent ethics opinion, cautioning attorneys not to record nonclient conversations with artificial intelligence tools, reflects an emerging view that AI meeting recaps are now a distinct business record category, meaning counsel should set meeting-level controls and apply framework-level updates, says William Wright at Faegre Drinker.

  • What Comes Next For Digital Asset Regs After Clarity Act Flop

    Author Photo

    After the U.S. Senate recently blocked the Digital Asset Market Clarity Act, agency rulemaking could still offer a near-term remedy, and companies meanwhile should monitor the existing framework assembled from enforcement precedent and case law in the absence of a purpose-built statute, say attorneys at Ropes & Gray.

  • How Restitution Became Del. Chancery Court's Middle Ground

    Author Photo

    Though monetary relief is the Delaware Court of Chancery's favored form of compensating shareholders injured by a breached transaction, Ramadurgam v. Destiny XYZ illustrates how restitution, rather than rescission, can also be a viable option for squeezed-out shareholders to present to the court, says Ashwini Jayaratnam at DarrowEverett.

  • UBS Settlement Shows Cost Of Delayed AML Fixes

    Author Photo

    A recent Financial Crimes Enforcement Network settlement with UBS over failure to implement anti-money laundering remediation shows that regulators value prompt fixes and remain focused on the role of financial institutions in facilitating narcotics trafficking and cartel activity, say attorneys at Miller & Chevalier.

  • Hugging Face Attack Is A Warning To The Securities Markets

    Author Photo

    The recent Hugging Face cyberattack, in which OpenAI's artificial intelligence agents hacked a third party without human instruction, raises questions about how regulators could respond to a similar incident in the securities markets and whether there's a substitute for scienter if no person is behind a financial crime, says Joseph A. Hall at Davis Polk.

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.