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April 01, 2026
A timber company and its independent fiduciary won dismissal of a proposed class action from pensioners who said the companies' choice of annuity provider for a $1.5 billion pension transfer put their retirements at unnecessary risk, after a Washington federal judge ruled that allegations failed to state a claim.
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April 01, 2026
Democratic lawmakers have kicked off a probe into Secretary of Defense Pete Hegseth's purported attempt to place a multimillion-dollar investment in a BlackRock fund specializing in defense industry companies just weeks before the U.S. military conducted airstrikes in Iran.
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April 01, 2026
More than 4 million children have been signed up for the new type of individual retirement account known as a Trump account, with more than a quarter of them eligible to receive $1,000 contributions through a pilot program, the Internal Revenue Service said.
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April 01, 2026
A Fifth Circuit panel wanted to know what specific misrepresentations BP Corp. North America Inc. made to about 7,000 retirees that caused them to think they were getting a sweeter retirement deal than they got, asking Wednesday which misrepresentations were the most "obvious."
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April 01, 2026
The Commodity Futures Trading Commission Wednesday announced a New York federal court had entered an order resolving fraud charges against the former chief engineer of defunct cryptocurrency investment platform FTX.
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April 01, 2026
Virginia-based healthcare system Sentara Health will pay $1.5 million to settle a class action claiming it failed to remove an underperforming investment fund from its employee retirement plan, according to federal court filings.
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April 01, 2026
Paul Weiss Rifkind Wharton & Garrison LLP-advised OceanSound Partners on Wednesday revealed that it clinched its third fund and related co-investment vehicles, with $3.4 billion in tow to invest across the aerospace, defense, government and highly regulated enterprise end markets.
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April 01, 2026
Investment management firm Fortress has acquired bankruptcy claims and noticing agent Omni, the two companies have announced.
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March 31, 2026
The Delaware Chancery Court dismissed a stockholder derivative lawsuit accusing B. Riley Financial Inc. insiders and directors of breaching their fiduciary duties over hundreds of millions of dollars in losses tied to the failed Franchise Group investment, ruling that the claims amounted to an impermissible hindsight critique of a risky business decision.
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March 31, 2026
A Delaware federal court rejected an investor's bid to escape litigation aimed at enforcing a $60 million arbitral award favoring the current owner of the Royal Mansour Hotel in Casablanca, pointing to a Third Circuit decision that reversed an earlier ruling by the lower court.
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March 31, 2026
The parent company of U.S. Anesthesia Partners Inc. remains in the crosshairs of a private antitrust suit accusing it of trying to monopolize Texas anesthesia services, while a federal judge dismissed for now claims against an affiliate that he said was too far removed from the alleged rollup strategy.
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March 31, 2026
The U.S. Department of Labor's recent proposal to give retirement plan fiduciaries legal cover to select a broader range of investments aims to reduce ERISA litigation, but attorneys on both sides of the bar say they expect the rule to face legal challenges if finalized as proposed.
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March 31, 2026
A New Jersey federal judge has trimmed class claims from a suit alleging payroll processing company ADP mismanaged employees' retirement savings, while also granting a partial win to the plaintiffs keeping claims over payments to an ADP subsidiary's plan alive.
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March 31, 2026
The former head of a Kaman Corp. subsidiary and one of his associates will pay over $165,000 to settle claims they improperly utilized nonpublic information ahead of the aircraft component maker's $1.8 billion sale to a private equity firm.
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March 31, 2026
Three Democratic senators have asked U.S. Treasury Secretary Scott Bessent to provide information on Elon Musk's possible involvement in the rollback of the Corporate Transparency Act, saying the department's moves allow entities tied to the billionaire to operate in obscurity.
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March 31, 2026
Technology-driven automotive platform Carvix Inc. on Tuesday unveiled plans to go public by merging with special purpose acquisition company Crown Reserve Acquisition Corp. I in a deal that values it at an implied enterprise value of $1 billion and was built by three law firms.
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March 31, 2026
Debevoise & Plimpton LLP-advised private markets investment shop StepStone Group on Tuesday revealed that it closed its structured solutions vehicle with $3.1 billion in tow, which will be used to invest primarily in private market secondaries.
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March 31, 2026
The founding partner of a trusts and estates law firm lost his bid to have the North Carolina Business Court order the firm to notify thousands of clients of his departure and hand over their contact information, with the judge ruling the lawyer failed to show he suffered irreparable harm.
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March 31, 2026
Executives and board members at a mechanical engineering company defeated a class action claiming top brass were illegally compensated for helping refinance an employee stock ownership plan, with a Georgia federal judge ruling that workers hadn't shown that management concealed the shares they owned.
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March 31, 2026
Kirkland & Ellis LLP has hired a former Clifford Chance LLP attorney as a debt finance partner in the firm's complex securitizations practice.
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March 30, 2026
Burford Capital Ltd. says it is contemplating taking its $16 billion fight with Argentina into international arbitration after the Second Circuit wiped out a judgment the litigation funding firm had won against the nation in New York federal court, sending its stock prices tumbling.
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March 30, 2026
U.S. Sen. Richard Blumenthal is demanding answers from U.S. Securities and Exchange Commission Chairman Paul Atkins about the sudden resignation of the regulator's enforcement director and whether her departure was related to cryptocurrency cases, including one touching on the Trump family's ventures.
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March 30, 2026
The Sixth Circuit won't reverse Financial Industry Regulatory Authority sanctions against the owner of a consulting company who argued he'd been unfairly ruled against by a self-regulatory organization he never joined, though the judges stopped short of weighing the petitioner's constitutional challenges to the FINRA findings.
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March 30, 2026
A New York federal judge declined Monday to let Swiss Re's American unit escape a suit claiming it kept an underperforming investment fund in its retirement plan and failed to utilize forfeited cash, ruling the workers behind the case showed the company may have made shoddy management decisions.
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March 30, 2026
The U.S. Securities and Exchange Commission's headcount hit a decade low in fiscal year 2025, and some who remain are concerned that key institutional knowledge may have been lost, according to a new report by the U.S. Government Accountability Office.