Asset Management

  • September 09, 2026

    Faulty Fee Comparisons Doom Ameritas Workers' 401(k) Suit

    Life insurance giant Ameritas defeated a proposed class action alleging an employee 401(k) plan was saddled with excessive fees, after a Nebraska federal judge held workers' allegations that management lapses cost millions failed to state a claim for violating federal benefits law.

  • September 09, 2026

    Troutman, Wachtell Guide $8.1B IRT-Centerspace REIT Merger

    Independence Realty Trust Inc. and Centerspace said Wednesday they have agreed to merge in an all-stock deal that would value the combined entity at about $8.1 billion, including debt, with Troutman Pepper Locke LLP and Wachtell Lipton Rosen & Katz advising.

  • September 08, 2026

    Freddie Mac Asks 6th Circ. To Rehear Financial Crisis Case

    Freddie Mac is urging the Sixth Circuit to reconsider its recent revival of a shareholder lawsuit dating to the 2008 financial crisis, arguing an appellate panel "usurped" the lower court's authority by allowing investors to argue for class certification a third time.

  • September 08, 2026

    Simpson Thacher-Led Cinven Wraps €2.3B Strategic Fund

    Simpson Thacher & Bartlett LLP-led private equity shop Cinven revealed Tuesday that it closed its second strategic fund after raising €2.3 billion ($2.7 billion) of committed capital.

  • September 08, 2026

    Biz Groups Ask 8th Circ. To Nix Wells Fargo ERISA Suit

    The U.S. Chamber of Commerce and two benefit advocacy groups urged the Eighth Circuit to back the dismissal of a suit claiming Wells Fargo allowed a pharmacy benefit manager to overcharge workers for generic drugs, arguing that employers shouldn't be penalized for general gripes about healthcare costs.

  • September 08, 2026

    Auto Industry Group Gets DOL Green Light For Health Plan

    The U.S. Department of Labor's employee benefits arm said Tuesday that a group of retailers and repair centers associated with Napa Auto Parts is clear to establish a group health plan for its member employers, concluding the arrangement would be covered by federal benefits law.

  • September 08, 2026

    DOL Issues Mental Health Parity Enforcement Guidance

    The U.S. Department of Labor's employee benefits arm issued guidance Tuesday on how to comply with federal laws that require employer health plans to produce an analysis of their mental health and substance use disorder coverage, which remains subject to litigation in D.C. federal court.

  • September 08, 2026

    SEC Sues Proxy Adviser Firm ISS For Client Voting Records

    The U.S. Securities and Exchange Commission has asked a Pennsylvania federal court to enforce a subpoena against Institutional Shareholder Services, alleging the proxy advisory firm is improperly withholding information about the voting advice ISS gives institutional investors due to fears of retaliation.

  • September 08, 2026

    Quantitative Trader's Trade Secret Trial Pushed To November

    A trial that was set to begin Sept. 14 in a case of a quantitative trader accused of stealing his former employer's trade secrets was pushed to November after a New York federal judge ruled Tuesday that the court and parties needed more time to litigate the admissibility of a defense witness.

  • September 08, 2026

    Venable Adds Ex-SEC Commissioner Crenshaw To DC Office

    Venable LLP announced Tuesday it has hired Caroline Crenshaw, who was the lone Democratic member of the U.S. Securities and Exchange Commission until her term ended in January, as a partner in the firm's Washington office.

  • September 08, 2026

    Apogem Clinches 11th PE Fund With $597M In Tow

    Private markets investor Apogem Capital on Tuesday revealed that it wrapped its 11th private equity fund with a total of $597 million of commitments.

  • September 08, 2026

    Ex-Geico Agents Can't Get More Discovery In Benefits Dispute

    An Ohio federal court has blocked former Geico insurance agents from expanding the scope of discovery in their lawsuit claiming the insurer misclassified them as independent contractors and denied them employee benefits, finding their requests fell outside the boundaries set by an earlier court order.

  • September 08, 2026

    Philips North America Can't Shake 401(k) Fund, Forfeiture Suit

    A Massachusetts federal judge opened discovery on allegations that Philips North America mismanaged its $5.7 billion employee 401(k) plan by offering an underperforming stable value fund and by misallocating forfeitures, ruling workers sufficiently backed up claims that the health technology and lighting giant violated federal benefits law.

  • September 08, 2026

    777 Partners Gets OK To Ditch 6 Leases In Ch. 11 Case

    Investment firm 777 Partners secured a Texas bankruptcy judge's approval Tuesday to reject six leases for offices the debtor occupied before seeking Chapter 11 protection in August.

  • September 04, 2026

    SEC Says Adviser Used Investor Funds For Gambling, Trips

    The U.S. Securities and Exchange Commission announced on Friday it has reached a $3.2 million settlement with a Chicago-based investment adviser accused of gambling away and misspending much of the millions of dollars he raised from individual investors in a purported high-return loan scheme.

  • September 04, 2026

    Fla. Judge Finds Atty, CEO Hindered Forex Ponzi Receiver

    A Florida federal judge on Friday held an attorney and a convicted Ponzi schemer in civil contempt for obstructing a receiver appointed to help recover stolen proceeds in a foreign currency trading fraud, saying they were part of a group formed to discourage investors from trying to get their money back. 

  • September 04, 2026

    ERISA Recap: 5 Appellate Rulings To Know From August

    The Seventh Circuit kept an Arkansas pharmacy benefit manager rule in place as not preempted by federal benefits law, the Fourth Circuit revived an Altria ex-worker's dispute over benefit plan documents, and the Eleventh Circuit reversed a pretrial win for Royal Caribbean in cruise workers' suit challenging 401(k) funds. Here, Law360 looks at those and two other major appellate decisions from August involving ERISA that benefits attorneys may want to know.

  • September 04, 2026

    Latham, Simpson Thacher Steer Oura's Expected $2.5B IPO

    Fitness-tracking ring maker Oura has filed plans with the U.S. Securities and Exchange Commission for an initial public offering that could raise around $2.5 billion.

  • September 03, 2026

    GAO Flags Bank Disclosure Review Gaps After 2023 Failures

    The U.S. Government Accountability Office urged Congress Thursday to consider closing a gap that allows certain publicly traded banks to not make the same type of investor disclosures as banks whose investor filings are reviewed by the U.S. Securities and Exchange Commission, pointing to the bank failures of 2023 as a reason why.

  • September 03, 2026

    SEC Moves To Scrap 'Pay-To-Play' Political Donation Rule

    The U.S. Securities and Exchange Commission on Thursday issued a proposal to rescind a rule regarding political contributions made by investment advisers, which agency Chair Paul Atkins called "overly prescriptive."

  • September 03, 2026

    Australian Mineral Biz To Go Public Via $500M SPAC Deal

    Australian mineral exploration company NT1 Pty Ltd. said Thursday that it will go public in the U.S. by merging with special purpose acquisition company Plutonian Acquisition Corp. II, in a deal that gives NT1 an estimated enterprise value of $500 million.

  • September 03, 2026

    Lithia Motors Gets Trim Of 401(k) Forfeiture, Fund Suit

    A California federal judge agreed to trim claims from a proposed class action against Lithia Motors alleging the car dealership company mismanaged its $1 billion employee 401(k) plan by misallocating forfeitures and offering subpar investments, while also opening discovery on some allegations in the dispute.

  • September 03, 2026

    Leon Black Says 'Intrusive' Epstein Subpoenas Are Invalid

    Rather than appear for a deposition about his connection to child sex offender Jeffrey Epstein, Apollo Global Management co-founder Leon Black sued the House Committee on Oversight and Government Reform and its chairman in Washington, D.C., federal court Thursday, saying subpoenas seeking private nondisclosure agreements exceed the committee's authority.

  • September 03, 2026

    Curaleaf, Aurora Clash Over Merits Of $272M Hostile Bid

    A spat between Curaleaf Holdings Inc. and Aurora Cannabis Inc. is playing out publicly after Aurora's board advised shareholders to reject a $272 million unsolicited takeover bid from the rival marijuana company. 

  • September 03, 2026

    Husch Blackwell Gets Early Win In Ex-Partner's 401(k) Suit

    A Missouri federal court granted Husch Blackwell LLP an early win over a former employee's proposed class action alleging the firm illegally withheld retirement contributions and mismanaged its employee 401(k) plan, finding the ex-partner couldn't prove violations of federal benefits law.

Expert Analysis

  • CFPB Complaint Portal Overhaul Signals Changing Priorities

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    The Consumer Financial Protection Bureau's updates to its consumer complaint portal and decision to cease publishing consumer complaint narratives should be viewed by companies as one component of a larger recalibration of how the CFPB collects information and allocates its supervisory and enforcement resources, say attorneys at Cooley.

  • Series

    Being In A Band Made Me A Better Lawyer

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    Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

  • Notable Q2 Updates In Insurance Class Actions

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    After 2026's second quarter, there is more authority rejecting class certification on total loss valuation theories from courts at the federal circuit, federal district and state appellate level — along with a resolution of a novel issue of depreciation on a wildfire claim, says Kevin Zimmerman at BakerHostetler.

  • Series

    Law School's Missed Lessons: Surviving A Long Trial

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    Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-examination or closing argument, effectively handling the marathon of a lengthy trial requires the ability to maintain composure, organization and credibility with the jury, says Mihir Elchuri at Hirschler.

  • What B. Riley Dismissal Teaches About Governance Litigation

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    The same facts in litigation against B. Riley Financial produced three different outcomes in three courthouses, but the Court of Chancery's decision in Marchner v. B. Riley is the cleanest demonstration in years of why boards facing a government investigation often prepare for the wrong lawsuit, says Ashwin Ram at Buchalter.

  • Upping Fed, FDIC's Insider Loan Cap May Ease Bank Burdens

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    Coordinated Federal Deposit Insurance Corp. and Federal Reserve proposals to raise the 1970s-era cap for bank executives borrowing from their institutions represent a long-needed regulatory recalibration that would lighten compliance obligations caused by the outdated ceiling without diminishing the original protections against conflicts of interest, say attorneys at Ballard Spahr.

  • Series

    Going To Hardcore Shows Makes Me A Better Lawyer

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    While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are about community, focus, being prepared for the unexpected and managing chaos, says Isaac Natter at Fluet.

  • How Axing SEC Trade-Through Rule Could Reshape Markets

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    The proposed elimination of a Securities and Exchange Commission rule that mandates a price benchmark for equity securities trades could allow blockchain-based trades to compete with legacy frameworks in registered markets, potentially serving as a test case for updated regulatory models, say Alex Zozos at Superstate, and Lewis Rinaudo Cohen and Edward Leaf at Cahill Gordon.

  • What Regulatory 'Reputation Risk' Purge Means For Banks

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    Banks should expect closer scrutiny of account closures and service denials after federal regulators recently stripped "reputation risk" from supervisory guidance, and should tie customer decisions to documented, objective legal and financial criteria to protect against debanking-related enforcement, say attorneys at Troutman.

  • Navigating The Limits Of Calif. Justices' Public Pension Ruling

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    Despite the California Supreme Court's recent holding that counties and cities wield discretion over classification and salary decisions for their public retirement board staff, it is important to remember that such authority is not unchecked as unreasonable rejections remain subject to judicial review, say attorneys at Reed Smith.

  • NYDFS Swedbank Order Offers Lessons On Candor

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    The New York State Department of Financial Services' consent order with Swedbank reflects the department's broad view of its investigative authority, emphasizes transparency, and underscores the risks of intrusive investigations that can occur if a regulator believes that it was misled, say attorneys at Paul Hastings.

  • Rethinking Risk And Value In Private Credit Disputes

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    Private credit disputes will increasingly turn on whether lenders recognized enterprise-value risk and updated marks as borrower conditions changed, making valuation processes, trigger frameworks and portfolio oversight critical for investors and litigants, say Isil Erel at the Ohio State University and Farooq Javed at The Brattle Group.

  • How To Limit Trading Risk When AI Accesses Nonpublic Info

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    Financial firms' increasing adoption of artificial intelligence raises questions about how to control AI tools' access to nonpublic information to mitigate the risk of a trading, surveillance or enforcement problem, but designing policies to prevent misuse may help, say attorneys at Skadden.

  • Lessons From 5 Months Of DOJ Corporate Policy Deals

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    Recent declinations and prosecution agreements between the U.S. Department of Justice and corporations since the March unveiling of the corporate enforcement and voluntary disclosure policy provide takeaways for management considering how to respond to corporate misconduct, says Brendan Quigley at Baker Botts.

  • 5 Financial Statement Fraud Red Flags To Spot Post-Sripetch

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    The U.S. Supreme Court recently held in Sripetch v. U.S. Securities and Exchange Commission that disgorgement exists to strip a wrongdoer of unjust enrichment, not merely to compensate victims for what they lost, shifting the work at the center of securities fraud cases in five ways, says Rand Manasse at Green Lane Partners.

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