Asset Management

  • February 10, 2017

    House GOP Taking Aim At SEC Whistleblower Program

    House Republicans are planning to make changes to the U.S. Securities and Exchange Commission’s enforcement agenda, including a provision that could curtail the agency’s whistleblower program, in legislation intended to rewrite Dodd-Frank, according to a memo circulating among GOP leadership.

  • February 10, 2017

    MF Global Insurers' TRO Appeal Denied As Moot

    A New York district judge Friday denied four Bermuda insurance companies an appeal of a temporary restraining order by a New York bankruptcy judge in the MF Global bankruptcy case, finding that the order has already been mooted by a temporary injunction.

  • February 10, 2017

    Great Portland Unloading London Development In $542M Deal

    Great Portland Estates PLC said Friday that it has agreed to deal a mixed-use development project in London that Facebook is set to lease to affiliates of German asset manager Deka Immobilien Investment GmbH in a deal worth £435 million ($542.8 million).

  • February 10, 2017

    NY Panel Says Bear Fund Liquidators Suit Time-Barred

    A New York appeals court refused to revive a fraud suit by liquidators for two Bear Stearns & Co. Inc. feeder funds alleging the big three credit rating agencies lied about the creditworthiness of debt obligations backed by subprime mortgages, ruling Friday that the claims are time-barred.

  • February 10, 2017

    Unite-GIC Venture Lands $284M Student Housing Complex

    U.K. student housing developer and manager Unite Group PLC said Friday that its joint venture with Singaporean sovereign wealth fund GIC has purchased a five-building complex on the campus of Aston University in Birmingham, England, for £227 million ($283.7 million).

  • February 10, 2017

    Citigroup 'Boys' Club' Bias Suit Looks Bound For Arbitration

    A Manhattan federal judge told former Citigroup Inc. financial adviser Erin Daly on Friday that her suit alleging the megabank is a “boys’ club” where she was treated as a “glorified secretary” was almost certainly bound for arbitration before the Financial Industry Regulatory Authority.

  • February 10, 2017

    Del. Judge Upholds Skadden Duck Of Radnor Ex-CEO’s Suit

    A Delaware federal judge on Thursday upheld a bankruptcy court ruling freeing Skadden Arps Slate Meagher & Flom LLP from a lawsuit over an alleged conspiracy between the firm and the eventual buyer of bankrupt Radnor Holdings Corp., saying there is no evidence that the two colluded to force the company’s sale.

  • February 10, 2017

    Taxation With Representation: Vinson, Bracewell, Debevoise

    In this week’s Taxation With Representation, Parsley Energy in Texas makes its biggest expansion to date with the acquisition of $2.8 billion of oil and gas assets, private equity shop Clayton Dubilier & Rice enters into a $2.3 billion sale of Mauser Group, and CyrusOne Inc. acquires two data centers for $490 million.

  • February 9, 2017

    Trump Faces Longer Odds To Ax Fiduciary Rule After DOL Win

    The Trump administration will need to build a robust administrative record if it wants to convince the public and courts a full-scale repeal of the new fiduciary rule for retirement account advisers is justified and not merely a political about-face, experts said, after a Texas federal judge on Wednesday issued the third lengthy opinion endorsing the U.S. Department of Labor's original analysis.

  • February 9, 2017

    LSE Urges Issuers To Step Up Environmental Reporting

    The London Stock Exchange laid out recommendations Thursday for how issuers should disclose information about their environmental, social and governance policies, in response to requests for more-consistent guidelines as such matters become more prominent for global investors.

  • February 9, 2017

    Starcrest Capital Closes $181M China Real Estate Fund

    Starcrest Capital Partners has closed a $181 million China-focused real estate fund, its second such fund, according to a regulatory filing earlier this week from the Chinese private equity shop.

  • February 9, 2017

    Golf Tix Gifts Cost Investment Firm, Owner $400K SEC Fine

    Minnesota investment adviser firm Jeffrey Slocum & Associates and its eponymous president and majority owner have been assessed a combined civil penalty of $400,000 by the U.S. Securities and Exchange Commission for, among other things, allowing employees to accept gifts of tickets to the Masters golf tournament while telling investors that they had a strict code of ethics, the agency announced Wednesday.

  • February 9, 2017

    Tower Research Gets Investors' Korean Futures Suit Tossed

    A Manhattan federal judge has tossed a suit by a proposed class of investors who claim that computerized trading firm Tower Research Capital LLC manipulated the prices of Korean futures contracts swapped on an electronic trading system, saying the system is not a registered exchange.

  • February 9, 2017

    Delaware Justice Randy J. Holland To Retire In March

    Delaware Justice Randy J. Holland is set to retire at the end of March, ending a 30-year tenure on the First State’s highest bench and opening up the first high-profile judicial nomination process for the state’s brand new governor John C. Carney, according to a statement from the court Thursday.

  • February 8, 2017

    Giancarlo Nearing Nomination For CFTC Chairman

    President Donald Trump is preparing to nominate acting U.S. Commodity Futures Trading Commission Chairman J. Christopher Giancarlo to formally take the agency’s top post, the Wall Street Journal reported Wednesday.

  • February 8, 2017

    Shkreli Involved In Tech Startup Looking To Raise $1M

    Martin Shkreli, the notorious pharmaceutical entrepreneur accused of defrauding a company he founded and heavily criticized for controversial price-hiking tactics, is now an executive of a software startup seeking to raise $1 million in debt, according to a regulatory filing.

  • February 8, 2017

    SIFMA Blasts NYSE's 'Game Of Thrones' Analogy In Fee Fight

    A securities industry trade group that has accused the New York Stock Exchange LLC of seeking to charge illegally high fees for access to market data ripped the NYSE this week for comparing a proposed fee to the price of an HBO subscription, saying even the cunning character “Lord Petyr ‘Littlefinger’ Baelish would blush” at such a deceptive analogy.

  • February 8, 2017

    DOL Beats Latest Challenge To Fiduciary Rule

    A Texas federal judge on Wednesday upheld the U.S. Department of Labor’s controversial fiduciary rule for retirement advisers — just hours after the agency had asked to stay the case in light of President Donald Trump’s directive to review and possibly rescind the rule.

  • February 8, 2017

    SEC's Exam Team Identifies Frequent Adviser Deficiencies

    The U.S. Securities and Exchange Commission on Tuesday said there are five areas in which investment advisers typically fall short in terms of compliance, encouraging advisers to strengthen relevant programs and procedures.

  • February 8, 2017

    Warren Says Industry Supports, Is Ready For Fiduciary Rule

    Sen. Elizabeth Warren sent a letter Tuesday urging the acting head of the U.S. Department of Labor not to delay implementation of the new fiduciary rule for retirement account advisers, saying the financial industry is supportive of the rule and that most firms are ready to meet the April compliance deadline.

Expert Analysis

  • Opinion

    Love And Law In The Age Of Trump

    Kevin Curnin

    Love is not a subject that lawyers typically devote themselves to professionally. But as we witness this historic transition to a new administration, lawyers in particular are reminded that love is tied, however imperfectly, to our cherished founding ideals, says Kevin Curnin, president of the Association of Pro Bono Counsel.

  • The State Of The Litigation Finance Industry In 2017

    Christopher P. Bogart

    In the United States, the number of lawyers whose firms have used litigation finance has quadrupled since 2013. Even so, too many remain poorly informed, leaving them at a competitive disadvantage and prone to oddly persistent “alternative facts” about litigation finance, says Christopher Bogart, CEO of Burford Capital.

  • When SEC Knocks: 8 Immediate Actions For Every Company

    Mary P. Hansen

    A U.S. Securities and Exchange Commission investigation can span from several months to multiple years and feature both periods of heightened activity and extended silence that are largely beyond the company’s control. Nonetheless, it is essential for companies to control what they can as quickly as possible, say Mary Hansen and Stephen Stroup of Drinker Biddle & Reath LLP.

  • 6 Ways To Get More From A Limited Budget For Trial Graphics


    With so many possibilities and variables, it can be difficult to adhere to a strict graphics budget when preparing effective visuals for trial. There are several things you can do to limit the cost of your visuals without sacrificing quality, says Marti Martin Robinson of Litigation Insights Inc.

  • Carefully Tailored ERISA Claims After Amgen V. Harris

    Karen L. Handorf

    A year ago, the U.S. Supreme Court in Amgen v. Harris warned practitioners and courts alike that claims brought under the Employee Retirement Income Security Act over employee stock ownership plans must be carefully pled and will be closely scrutinized. Despite some initial setbacks, plaintiffs are beginning to tackle this strict pleading requirement head-on, say Karen Handorf and Julie Goldsmith Reiser of Cohen Milstein Sellers & Toll PLLC.

  • And Now A Word From The Panel: A Year Of Vanishing MDLs

    Alan Rothman

    2016 was a notable year for the Judicial Panel for Multidistrict Litigation: It created only 26 new MDL proceedings, a low-water mark for new MDL proceedings not seen in almost a quarter of a century. In this installment of his bimonthly series on the panel, Alan Rothman of Arnold & Porter Kaye Scholer LLP looks at the panel’s activity over the past year.

  • SEC HomeStreet Action Broadly Interprets Dodd-Frank

    Nicolas Morgan

    With its expanded definition of retaliation in place in 2015, the U.S. Securities and Exchange Commission brought a cavalcade of settled enforcement actions, culminating with its recent action against HomeStreet. Each of these cases has pushed the envelope further and further away from Dodd-Frank’s simple prohibition on retaliation, say Nicolas Morgan and Thomas Zaccaro of Paul Hastings LLP.

  • Gold IRAs: 8 Questions — And Answers — For Clients

    Christopher Johnson

    Given the complex rules that govern opening and maintaining a self-directed individual retirement account to hold physical precious metals, and the possible tax consequences, many companies that offer such IRA products advise their clients to consult their attorney before opening one. Trusts and estates attorney Christopher Johnson addresses key questions that clients may ask prior to opening a gold IRA.

  • 6 Reasons Why A Wholesale Dodd-Frank Repeal Is Unlikely

    Anthony M. Drenzek

    The Dodd-Frank Act was passed in 2010 with the Great Recession providing momentum and popular support for its enactment. Conversely, there is no acute crisis to serve as a catalyst for its repeal, say Anthony Drenzek and Timothy Mungovan of Proskauer Rose LLP.

  • How Litigation Funding Is Bringing Champerty Back To Life

    John H. Beisner

    While some courts have declined to apply the common-law doctrine of champerty to invalidate third-party litigation funding agreements, two recent rulings by appellate courts in New York and Pennsylvania have brought renewed attention to champerty principles, casting doubts on the legality of certain forms of third-party litigation funding, say John Beisner and Jordan Schwartz of Skadden Arps Slate Meagher & Flom LLP.