Asset Management

  • June 08, 2026

    Clearing House To Pay $40.7M Over 'Slush Fund' Claims

    Axos Clearing LLC owes more than $40.7 million to more than 100 claimants for allegedly turning a blind eye as the brokerage firm Worden Capital Management LLC used the claimants' accounts as personal slush funds, following Worden Capital's expulsion by the Financial Industry Regulatory Authority.

  • June 08, 2026

    White & Case, Reed Smith Lead $1.2B Space SPAC Deal

    Spacecraft developer Quantum Space LLC said Monday it plans to go public through a merger with Inflection Point Acquisition Corp. VI, a special purpose acquisition company, in a deal that values the combined company at about $1.2 billion and would give the business new funding to build out its national security-focused spacecraft platform.

  • June 08, 2026

    Adviser AI Use Under Scrutiny In NJ Securities Review

    New Jersey financial regulators said Monday that the state's annual examination of investment adviser business practices this year will take a hard look at how artificial intelligence is used in the construction of investment portfolios or recommendations to clients.

  • June 08, 2026

    Freshfields-Led Arcline Bids $535M For Continental Aerospace

    Freshfields LLP advised private equity firm Arcline Investment Management on a proposed acquisition of aircraft parts maker Continental Aerospace Technologies in a $535 million deal.

  • June 08, 2026

    Skadden-Led First Carolina Bank Unveils Plan For $82.5M IPO

    First Carolina Financial Services Inc., a community bank with branches in four southeastern states, said Monday that it plans to offer 5.5 million shares at a price range of $14 to $16 in an initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Troutman Pepper Locke LLP.

  • June 08, 2026

    'Hard-Money' Lenders Stole Millions In Fees, Feds Tell Jury

    Two Florida men used their "hard-money" commercial real estate finance company to steal millions, prosecutors told a Manhattan federal jury Monday, calling their operation a scam designed to reap upfront fees before the defendants put up "roadblocks" to kill transactions.

  • June 08, 2026

    Class Attys Want $11.6M In Fees From $35M Teva Inhaler Deal

    Berman Tabacco, Sperling Kenny Nachwalter LLC, Hilliard Shadowen LLP and five other firms have asked a Massachusetts federal judge for $11.55 million in attorney fees from a $35 million antitrust settlement resolving claims that Teva abused patent protections to delay generic competition for its QVAR asthma inhalers.

  • June 08, 2026

    Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

    FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptocurrency exchange, according to the U.S. Department of Justice's Office of the Pardon Attorney.

  • June 05, 2026

    Investment Adviser Took Millions From Clients, SEC Says

    The U.S. Securities and Exchange Commission on Friday accused a purported Chicago investment adviser in federal court of stealing millions from family, friends and others by convincing them to put their money toward an investment pool he then "perpetually drained" through unsuccessful trading and personal spending.

  • June 05, 2026

    Fla. Judge Tosses Nearly All Counts In PE Fund Dispute

    A Florida federal judge tossed most of the counts in a lawsuit brought by two men who alleged their former partner defrauded them in a private equity fund operation, saying the complaint contains repetitive claims and provides little information of wrongdoing. 

  • June 05, 2026

    Wamco Inks $100M SEC Deal Over 'Cherry-Picking' Scheme

    Western Asset Management Co. LLC on Friday agreed to pay $100 million to settle allegations from the U.S. Securities and Exchange Commission that the investment management firm "failed to take reasonable steps to detect and prevent" its former executive's purported cherry-picking practices.

  • June 05, 2026

    Justices Signal Openness To Future SEC Disgorgement Cases

    The U.S. Securities and Exchange Commission's victory before the U.S. Supreme Court Thursday is likely to give the agency a leg up in settlement negotiations, but attorneys say that some defendants will continue to press judges to review the agency's disgorgement requests based on questions that the high court still hasn't answered.

  • June 05, 2026

    FINRA's 'Absolute Immunity' Claim Fails, Broker-Dealers Say

    The Financial Industry Regulatory Authority isn't immune to claims it improperly interfered with Nasdaq membership applications as it pushed two broker-dealers to settle anti-money-laundering compliance claims, the broker-dealers have argued.

  • June 05, 2026

    Activist Warns SpaceX Investors Over Valuation, Governance

    SOC Investment Group is cautioning potential investors in SpaceX's upcoming initial public offering about perceived financial risks, saying it has an inflated valuation and issues over transparency and governance.

  • June 05, 2026

    Health Funds Ink $5.5M Generic Drug Deal With Breckenridge

    A proposed class of end-payers who allegedly overpaid for generic drugs have asked a federal court for preliminary approval of a $5.5 million settlement with Breckenridge Pharmaceutical Inc., though notifying class members and seeking final approval would wait until the process could be combined with another settlement, the plaintiffs said Thursday.

  • June 05, 2026

    Defense Tech Biz Valued At $2.2B After $200M Funding Round

    Precision robotics company Allen Control Systems on Friday announced that it has reached a $2.2 billion post-money valuation after closing its latest funding round with $200 million in tow.

  • June 05, 2026

    Polsinelli Hires Career Gunderson Dettmer Lawyer In SF

    Polsinelli PC has hired a career Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP lawyer who focuses on representing technology companies and venture capital investors in a range of corporate matters, the firm announced Thursday.

  • June 05, 2026

    Taxation With Representation: Simpson Thacher, Fried Frank

    In this week's Taxation With Representation, Berkshire Hathaway Inc. takes Taylor Morrison Home Corp. private, global real estate investment company Kennedy Wilson forms a residential joint venture with Netherlands pension services provider APG, and Wellington Management acquires Hartford Funds from insurer The Hartford.

  • June 04, 2026

    Fla. High Court Backs Accounting Methods In Utility Rate Hike

    The Florida Supreme Court on Thursday upheld the state Public Service Commission's order approving accounting mechanisms used by a natural gas company in a rate increase plan, ruling that the regulator wasn't inconsistent with internal policy and within its discretion to approve the measures.

  • June 04, 2026

    2nd Circ. Rejects Bid To Rehear $16B YPF Argentina Ruling

    The Second Circuit will not review its decision this year reversing a New York judge's $16 billion judgment against Argentina arising from its nationalization of YPF SA, the country's largest oil and gas exploration company, despite arguments that the ruling was "profoundly misguided."

  • June 04, 2026

    Anthropic, DeepSeek Pivot To New Financing, More Rumors

    Anthropic and China's DeepSeek are among a growing group of AI firms turning to new financing structures to meet surging demand for compute power. Reports indicate that private equity giants are assembling a $36 billion private credit vehicle to help fund Anthropic access to certain Google chips, while DeepSeek has reportedly broken from its earlier strategy by arranging more than $7 billion in outside funding.

  • June 04, 2026

    Catalent Investors Say No Objections To $78M Deal, Fee Bid

    Investors seeking final approval of a $78 million securities fraud settlement with Catalent told a New Jersey federal court that the proposed deal and fee bid are free of objections, arguing the positive response further supports the court's approval of the settlement.

  • June 04, 2026

    US Middle Market PE Surge Expected After Strong 2025

    U.S. middle market private equity dealmakers are signaling renewed optimism, with the vast majority expecting a meaningful jump in buyout activity over the next two years after a robust 2025, according to survey results published on Thursday. 

  • June 04, 2026

    NY AG Must Preserve Cohen Docs In Trump's Civil Fraud Case

    The New York state trial court judge overseeing President Donald Trump's civil fraud case granted his request to preserve notes from private meetings between state litigators and Trump's former attorney Michael Cohen after the key witness said he felt "pressured" to testify.

  • June 04, 2026

    Data Center Power Co. Innio Prices Upsized $2.4B IPO

    Innio, a manufacturer of gas engines used to power artificial intelligence systems, began trading Thursday on the Nasdaq after raising $2.4 billion in an upsized initial public offering guided by Latham & Watkins LLP and Milbank LLP.

Expert Analysis

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • How Specificity, Self-Dealing Are Shaping ERISA Litigation

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    Several recent cases, including the U.S. Supreme Court's forthcoming ruling in Anderson v. Intel, illustrate the competing forces shaping excessive fee litigation, with plaintiffs seeking flexibility, courts demanding specificity, fiduciaries facing increased scrutiny for conflicts of interest, and self-dealing amplifying exposure, says James Beall at Willig Williams.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • 5th Circ. Ruling Clarifies Tax Rules For Limited Partners

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    The Fifth Circuit’s Jan. 16 decision in Sirius Solutions v. Commissioner provides greater tax planning certainty by adopting a bright-line test for determining when partners in limited liability companies are exempt from self-employment tax, say attorneys at K&L Gates.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • What To Expect From Justices' 401(k) Ruling, DOL Rulemaking

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    The U.S. Supreme Court's upcoming ruling in Anderson v. Intel, addressing alternative assets in defined contribution plans, coupled with the U.S. Department of Labor's recently proposed regulation on fiduciary duties in selecting alternative investments, could alleviate the litigation risk that has impeded wider consideration of such investments, say attorneys at Ropes & Gray.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Cybersecurity Must Remain Financial Sector's Focus In 2026

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    In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.

  • Series

    Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief

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    My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.

  • Navigating The New Wave Of Voluntary Benefit ERISA Suits

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    Four recent complaints claiming that employees pay unreasonable premiums for voluntary benefit programs contribute to a trend in Employee Retirement Income Security Act class actions targeting employers and benefits consultants over such programs, increasing scrutiny of how the programs are selected, priced and administered, say attorneys at Holland & Knight.

  • Series

    Law School's Missed Lessons: How To Start A Law Firm

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    Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.

  • 5 Compliance Takeaways From FINRA's Oversight Report

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    The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.

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