Asset Management

  • May 29, 2017

    Turning 50, Greenberg Traurig Tops The Law360 400

    Greenberg Traurig LLP is celebrating its golden anniversary with a trip to the top of Law360’s list of the largest U.S. law firms, capping off decades of steady growth by ousting Jones Day from the No. 1 spot.

  • May 29, 2017

    Law360 Reveals 400 Largest US Firms

    The Law360 400 features the largest U.S.-based law firms and vereins with a U.S. component, as measured by domestic attorney headcount.

  • May 29, 2017

    The Firms That Lost The Most Ground In 2016

    Four firms saw their roster of U.S.-based attorneys shrink by more than 10 percent last year, according to the latest Law360 400. In some cases, a dramatic exodus can be devastating, but experts say there can also be a silver lining.

  • May 29, 2017

    The Firms That Grew Fastest Without Merging

    Often with one hire at a time, five firms drove double-digit growth last year, according to the latest Law360 400. Here’s how they added headcount without putting their culture at risk.

  • May 29, 2017

    Biggest US Firms Opt For Modest Growth In Sluggish Market

    In a highly competitive legal market, U.S. law firms on average appear to be leaning on a strategy of slow-but-steady growth as they continue to adjust to sluggish demand for legal services, according to the latest Law360 400.

  • May 26, 2017

    Sports Biz Of Chinese Tech Co. Valued At $3.5B In Fundraise

    The sports division of Chinese tech conglomerate LeEco has raised a round of funding that values it at 24 billion yuan ($3.5 billion), it said Friday, and the company has plans to form a committee that will assist with its strategic decisions.

  • May 26, 2017

    Fla. Firm Seeks To Claw Back Proceeds Of Alleged $64M Fraud

    A Florida-based investment firm that raised more than $64 million from 400 investors in an allegedly fraudulent securities offering sued Thursday to claw back over $3 million from one of the firm's originators who lured investors into the scam.

  • May 26, 2017

    Ocwen Says Loan Auditor Billed Strip Clubs, Bloated Hours

    A lawsuit filed by Ocwen Financial Corp. alleges that the monitor hired by California regulators as part of a June 2015 mortgage servicing settlement fraudulently inflated monthly rates and attempted to bill Ocwen for employees’ outings to strip clubs and casinos.

  • May 26, 2017

    Interest Rate Swap Trader Says Exchange OK On Its Own

    Interest rate swap trader MarkitSERV Ltd. urged a New York federal court Friday to refuse online exchange TrueEX LLC a preliminary injunction to force MarkitSERV to continue their relationship, likening TrueEX’s dire prediction of its closure to Chicken Little's “proclaiming that the sky is falling.”

  • May 26, 2017

    2nd Circ. Eyes Trader's Recordings In $83M Lehman Pay Spat

    A fabulously wealthy former Barclays Capital Inc. trader invited the Second Circuit on Friday to order the Lehman Brothers Inc. estate to make him richer by $83 million, but a three-judge panel seemed hard-pressed to ignore once-secret recordings the trader made that prompted lower courts to deny him the extra haul.

  • May 26, 2017

    BlackRock Inks $1.25B Lease For Hudson Yards Space

    BlackRock has signed a lease for its planned move to Hudson Yards, on the far west side of Manhattan, which will see the investment management giant pay $1.25 billion for the space over a 20-year term, according to a regulatory filing Thursday.

  • May 26, 2017

    Attys Seek $5M In Junk Bond Meltdown Settlement

    Attorneys representing a class of investors suing over defunct junk bond fund Third Avenue Focused Credit Fund sought a Delaware Chancery Court's approval Wednesday for a $25 million settlement of the dispute and a $5 million fee award for the lawyers' work on the case.

  • May 26, 2017

    SEC, Investment Adviser Settle On $1.7M Disgorgement

    The head of a wealth management firm has agreed to pay approximately $1.7 million to settle a U.S. Securities and Exchange Commission suit in New York federal court, following an earlier guilty plea to an investment adviser fraud charge in a parallel criminal suit.

  • May 25, 2017

    Wealth Expert Sues Advisor Over Faking License, Stealing IP

    A South Florida-based private wealth manager filed suit Thursday against his business partner, a Brazilian national, who allegedly lied about being a licensed financial advisor and stole copyrights and customers from the partners' joint business.

  • May 25, 2017

    'Hedge Fund' Founder Pleads Guilty To Fraud Charges

    A would-be hedge fund founder pled guilty Thursday in New York federal court to a conspiracy charge tied to his alleged ploy to lure investors into a new fund by touting its great prior performance — performance that didn’t exist — prosecutors said.

  • May 25, 2017

    7th Circ. Backs CFTC Dismissal Of $3.6M Trading Loss Suit

    The Seventh Circuit said Thursday that a family trust waited too long to bring claims over its $3.6 million loss in futures contracts trading, upholding a U.S. Commodity Futures Trading Commission ruling that the trust's arbitration of the claims did not pause their time limits.

  • May 25, 2017

    Broker Agrees To Deal Over Alleged REIT Violations

    A broker-dealer has agreed to pay $650,000 to resolve allegations that the business unlawfully sold units in non-publicly traded real estate investment trusts to unsuitable New Jersey investors and failed to make and keep adequate records for its sales, state officials announced Thursday.

  • May 25, 2017

    Chinese Cos. Buy Condom, Sexual Wellness Biz For $600M

    The maker of LifeStyles condoms said Wednesday that it plans to sell its sexual wellness arm to a Chinese consortium for $600 million, as it pivots away from consumer products and toward a business-to-business approach.

  • May 25, 2017

    Kennedy Wilson Nabs Calif. Offices In $144M Deal

    Real estate investment company Kennedy Wilson said Thursday that an affiliated fund has acquired a pair of nine-story office buildings in Glendale, California, for $144 million and landed a loan to help finance the purchase.

  • May 25, 2017

    Scottrade Says Customer's Data Breach Claims Again Fail

    Discount brokerage firm Scottrade Inc. urged a Florida federal court Wednesday to toss a proposed class action over a data breach that compromised more than 4.6 million people’s personal information, saying the customer leading the suit has already tried and failed to bring the same deficient claims she alleges now.

Expert Analysis

  • Glass-Steagall Revival Could Have Profound Impact

    V. Gerard Comizio

    The financial services industry faces the real possibility of a bipartisan effort to reinstate the portions of the Glass-Steagall Act that separated commercial and investment banking. Depending on the final form any new legislation takes, the changes could go further than merely reinstating the status quo as of 1999, say V. Gerard Comizio and Nathan Brownback of Fried Frank Harris Shriver & Jacobson LLP.

  • Keeping Up With The SEC's Enforcement Priorities

    Jack Yoskowitz

    Often, the U.S. Securities and Exchange Commission’s enforcement priorities only become apparent once the commission begins to crack down on a particular practice. A recent decision in the case of Revelation Capital highlights the need for firms, when faced with a new SEC priority, to be able to quickly pivot toward a defensive approach, say Jack Yoskowitz and Laura Miller of Seward & Kissel LLP.

  • My Milkshake Is Better Than Yours: Part 2

    Jill Dessalines

    In the second installment of this two-part series on disruptive innovation among mid-size law firms, Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former senior vice president at McKesson Corp., explores a number of ideas for keeping clients and maintaining market position.

  • Opinion

    DOL Fiduciary Rule Puts American Investors First

    Anil Vazirani

    American workers and families should cautiously applaud U.S. Department of Labor Secretary Alexander Acosta’s recent decision to allow partial implementation of the fiduciary rule to proceed. He recognizes the need to protect retirement investors, but the reality is that investors will still need to fight to keep this protection from predatory marketing practices, says 

Anil Vazirani, president and CEO of Secured Financial Solutions LLC.

  • Extending Omnicare Beyond The Section 11 Case

    William Sullivan

    With its recent decision in a securities suit against Align Technology, the Ninth Circuit joined the Second Circuit in applying Omnicare’s heightened falsity pleading standards to Section 10(b) and Rule 10b-5 fraud claims. Companies should therefore pay attention to the Omnicare standards as applied to all of their public statements, say attorneys with Paul Hastings LLP.

  • Questions Following Prevezon Money Laundering Settlement

    Elizabeth Prewitt

    The Prevezon case stands out as an example of the extraordinary lengths the U.S. government can and will go to assert jurisdiction over matters involving foreign entities and persons who commit crimes abroad to the detriment of foreign countries and citizens. However, since the matter settled, the government’s case was not tested at trial, say attorneys with Hughes Hubbard & Reed LLP.

  • My Milkshake Is Better Than Yours: Part 1

    Jill Dessalines

    As I sat there listening, incredulous to learn that "Milkshake" was not only a real song but also a chart-topper, it reminded me of Harvard Business School Professor Clayton Christensen’s work on disruptive innovation — and how it pertains to mid-size law firms, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.

  • Fiduciary Rule Comments: Some Conflict, Lots Of Interest

    Susan Krawczyk

    During the second comment period for the U.S. Department of Labor’s fiduciary rule, more than 130 letters were filed by firms, trade groups, coalitions, think tanks and other thought leaders, and even more were filed by individuals. Susan Krawczyk of Eversheds Sutherland summarizes the comments and offers observations.

  • Attorneys, Your Input Is Needed On Deposition Rule

    Frank Silvestri, Jr.

    Every lawyer who’s handled a civil case in federal court knows about Rule 30(b)(6), governing deposition procedures. But for many real-world deposition dilemmas, the rule offers little guidance. Last year, an Advisory Committee on Civil Rules subcommittee began considering whether the rule should be amended. Now attorneys must advise the subcommittee how to proceed, says Frank Silvestri Jr. of Verrill Dana LLP.

  • The FX Global Code And Its Enforcement: What To Expect

    Matthew Kulkin

    With the second phase of the Foreign Exchange Global Code releasing this week, Matthew Kulkin and Micah Green of Steptoe & Johnson LLP analyze how U.S. courts have historically looked to or relied upon financial services global codes of conduct or industry best practices documents.