The former head of WilmerHale's alternative investment practice has joined King & Spalding LLP's New York financial institutions team as a partner, bringing with him experience in the formation and operation of hedge funds, private equity, mergers, real estate and other financial services, the firm announced Monday.
Stephen R. Hertz, a Debevoise & Plimpton M&A partner and member of Law360's 2013 Private Equity Editorial Board, leapt to his death from his apartment in a 26-story Central Park West building on Friday evening, according to police sources and news reports. He was 55.
The Second Circuit on Monday reversed a negligence verdict against a former Prudential Securities Inc. broker in a case brought by the U.S. Securities and Exchange Commission, saying the evidence used to find him guilty of intentionally engaging in illegal market activity was insufficient.
U.S. financial regulators are set to discuss the systemic risks presented by asset management firms on Monday, further stoking industry fears that the regulators are planning to push to expand their oversight of BlackRock Inc., Fidelity Investments and other industry titans.
New York’s insurance regulator on Friday proposed regulations that would protect policyholders by placing additional requirements on private equity and other asset management companies trying to step into the annuity business.
Ford Motor Co.'s finance unit plans to issue $1.04 billion in asset-backed securities, giving Brazilian bookrunner and lead manager Bradesco BBI SA an opportunity to become the first Brazilian bank to enter the U.S. market in such a capacity, according to Ford's memorandum and news reports.
Jeffer Mangels Butler & Mitchell LLP said Friday it picked up a former Manatt Phelps & Phillips LLP pro with experience raising capital for real estate, hospitality, technology and telecommunication companies, manufacturing facilities and Internet distribution centers.
Miller Nash LLP was hit with a malpractice suit in Washington federal court Thursday by a group of investment funds for allegedly fumbling a job to solicit proxies at a shareholder meeting in their effort to oust the CEO of First Financial Northwest and sell the company.
Morgan Stanley on Thursday lost its bid to toss an Allstate Insurance Co. suit over $104 million in mortgage-backed securities, when a New York appeals court determined the claim had been timely filed.
Corporate bankruptcy law firm Togut Segal & Segal LLP has hired a bankruptcy partner who commonly represents clients in a variety of industries, including automotive, financial and telecommunications, from Kasowitz Benson Torres & Friedman LLP, Togut Segal confirmed on Thursday.
Former SAC Capital Advisors LP manager Michael Steinberg on Friday could receive one of the stiffest insider trading punishments in recent memory, but experts say a highly anticipated Second Circuit decision threatens to wipe out his conviction altogether.
The Internal Revenue Service's proposed update of its definition of "real property" in the real estate investment trust realm was trumpeted by the Obama administration as a boon for solar power development, but experts say the new guidelines are too narrow to be of any real use for large-scale projects.
Fortress Investment Group LLC is in talks to purchase the Stuyvesant Town-Peter Cooper Village housing complex in Manhattan from CWCapital Asset Management LLC for up to $4.7 billion, according to reports late Tuesday.
The Federal Trade Commission on Tuesday gave the go-ahead for activist hedge fund Blue Harbour Group LP to complete its $125.5 million stake increase in retailer Chico's FAS Inc. after determining that the deal posed no regulatory issues.
Blackstone has reportedly renewed and expanded its lease at 345 Park Ave., WeWork has reportedly agreed to take 40,000 square feet above the planned Whole Foods Market in Williamsburg, and PMC reportedly plans to build a 250-unit apartment building near the Ben Franklin Bridge in Philadelphia.
AstraZeneca's CEO hints that a Pfizer tie-up could happen down the line, while Carlyle is looking to unload a top European health provider that could bring in as much as $2.5 billion.
Brazil's largest brokerage firm was hit with a $10 million suit in New York state court Tuesday by a former Merrill Lynch trader who alleges the firm wrongfully fired him and broke his contract because he insisted on regulatory compliance while helping to launch its U.S. subsidiary.
A securities brokerage accused of trading excessively to churn a client’s bill sued an XL Group PLC insurer in New York court Tuesday, seeking the right to control the selection of defense counsel based on the carrier’s alleged conflict of interest in the decision.
U.S. Court of Federal Claims Judge Francis Allegra talks to Law360 about suing the sovereign, keeping pace with technology and his surprising journey from the seminary to the federal bench.
A senior Commodities Futures Trading Commission official told lawmakers Tuesday that the agency has yet to finalize whether it will put forward any new regulations on the controversial practice of high-frequency trading, saying its staff were still wading through comments on a recent draft report.