We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Asset Management

  • December 10, 2018

    Deals Rumor Mill: Vivendi, Ferrero, Sailing Capital

    Vivendi SA is vying for a stake in PT Global Mediacom’s TV operations, the company behind Nutella is eyeing the international business of The Campbell Soup Co., and Sailing Capital is looking to raise $1.5 billion through its second fund.

  • December 10, 2018

    Lexington Leads $1B In Commitments For TPG Vintage Funds

    Alternative investment manager Lexington Partners on Monday said it closed a so-called secondary liquidity transaction that saw it helm a roughly $1 billion capital commitment in a pair of TPG Asia vintage funds as the lead investor on the deal.

  • December 10, 2018

    Hong Kong, China Exchanges Expand Mutual Access Program

    The Stock Exchange of Hong Kong and its Shanghai and Shenzhen equivalents said in a joint statement Sunday they have reached an agreement to enhance the mutual market access program between mainland China and Hong Kong.

  • December 10, 2018

    Real Estate Rumors: BankUnited, Oppenheimer, Landmark

    BankUnited has reportedly loaned $26.5 million for the purchase of a Florida building, Oppenheimer & Co. is said to be taking 13,055 square feet on Third Avenue in Manhattan, and Landmark Development has reportedly paid $30 million for a Florida development site where it may build residential, retail and office space.

  • December 10, 2018

    Ga. Man To Admit Role In $2M Lotto Scam Targeting Elderly

    A Georgia man will plead guilty in Massachusetts for helping steal $2 million from elderly people across the country in a fake-lottery scheme that has already landed one alleged co-conspirator behind bars, according to an agreement filed Friday.

  • December 10, 2018

    Ex-ConvergEx Exec Gets 1 Day In Prison

    A former ConvergEx Group LLC executive who fought fraud charges related to hidden profits in client trades was sentenced in New Jersey federal court to one day in prison Monday, ending the case that almost saw a ruling on whether the company's counsel was a part of the prosecution team.

  • December 10, 2018

    Tishman, Lehman Wins Upheld In Archstone Buyout Row

    Lehman Brothers and Tishman Speyer are off the hook yet again in a sprawling lawsuit sparked by their ill-fated purchase of real estate investment trust Archstone-Smith for $22 billion, after the Tenth Circuit affirmed a lower court's order that shut down the 10-year-long investor class action.

  • December 10, 2018

    JPMorgan Unit Collects $1.3B For European Real Estate Fund

    A unit of JPMorgan Chase & Co.’s private equity and asset management branch has clinched its latest European opportunistic property fund after raising $1.3 billion, the company said Monday, with plans to target investments and joint ventures in office, retail, industrial and residential real estate.

  • December 7, 2018

    Aegean Marine Announces Tentative Creditor Settlement

    Counsel for Greek marine refueling company Aegean Marine Petroleum Network Inc. told a New York bankruptcy court on Friday that the debtor had reached a tentative global settlement with its unsecured creditors, putting off what was expected to be a contentious hearing on several objections lodged by those creditors.

  • December 7, 2018

    FINRA Exams Suggest Work To Be Done Tailoring Trades

    The Financial Industry Regulatory Authority said Friday in a report telling firms where to focus compliance efforts in the coming year that its market watchdogs continue to see brokers make investment recommendations that are not based on customers’ financial situations or whether they can afford mounting fees.

  • December 7, 2018

    Chinese Cos. Eluding US Scrutiny, Hurting Investors: SEC

    Wall Street regulators issued an unusually strong rebuke Friday of their counterparts in China for continuing to shield reports that could indicate whether public companies based there are playing fairly in U.S. exchanges.

  • December 7, 2018

    Execs Urge No Or Little Prison In $200M Del. Bank Fraud Case

    Four Wilmington Trust executives found guilty in a nearly $200 million federal securities fraud case in May have appealed for no, or little, prison time instead of the up to nine- and 11 ¼-year recommendations issued by prosecutors, according to documents made public on Friday.

  • December 7, 2018

    Authentix Shareholders Challenge Nixed Appraisal Rights

    Shareholders of trade security firm Authentix Inc. contended Friday the Delaware Chancery Court wrongly determined they waived their rights to an appraisal following a private equity takeover, arguing a Delaware corporation cannot use a shareholder agreement to strip rights protected by state law.

  • December 7, 2018

    2nd Circ. Asked To Hear Appeal Of $300M Fees In Forex Deal

    The Second Circuit has been asked to hear an appeal of a New York federal court ruling awarding more than $300 million in attorneys' fees to the firms representing an investor class in securing $2.3 billion in settlements over claims 15 banks plotted to rig benchmark exchange rates in the foreign exchange markets.

  • December 7, 2018

    Intricacy Of Interest Deduction Regs May Vex Multinationals

    The U.S. Treasury Department’s decision to limit interest expense deductions for certain foreign affiliates of multinational corporations could force businesses to undertake complex calculations and puts them at a risk of paying more tax on global income.

  • December 7, 2018

    Taxation With Representation: Kirkland, Cahill, DLA, Brown

    In this week’s Taxation With Representation, Altice Europe NV sells a stake in a fiber-optic connection business for $2 billion, ResMed lands Propeller Health for $225 million, and Nexstar Media Group inks a $6.4 billion deal for Tribune Media Co.

  • December 7, 2018

    Data-Driven Lawyer: Morgan Lewis' J. Kyle Poe

    Morgan Lewis' J. Kyle Poe, a self-proclaimed "elder millennial," created a client management platform to streamline the firm's work in asbestos litigation that is now used across practice areas, making the firm's business more efficient and upping its ability to attract clients through innovative fee arrangements, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 7, 2018

    Real Estate Rumors: LV Lending, Taconic, GLL

    LV Lending has reportedly provided a $10 million loan for a Florida retail project, a Taconic Investment venture is said to have bought a New York property for $269 million with financing from MetLife, and German fund GLL Real Estate Partners has reportedly sold a Florida office building for $25.1 million.

  • December 7, 2018

    11th Circ. Backs IRS' $28M Win In Tax Shelter Case

    A U.S. Tax Court decision that disallowed almost $28 million in losses by a company, finding the claim lacked economic substance, has been upheld by an Eleventh Circuit panel.

  • December 7, 2018

    Cozen O'Connor Malpractice Case Nixed After Atty Quits

    A family trust has lost its legal malpractice suit against Cozen O'Connor after a Pennsylvania state court judge let the trust's lawyer withdraw and ruled that the law firm hadn't filed a suit for the trust in the wrong court and botched a $6.8 million judgment.

Expert Analysis

  • Prospects For Tax Policy In The 116th Congress

    Evan Migdail

    Now that the results of the 2018 election are (mostly) in, Evan Migdail and Melissa Gierach at DLA Piper LLP consider what a Democratic House, Republican Senate and Trump administration may be able to accomplish in the way of tax policy during the lame-duck session and the upcoming 116th Congress.

  • Why Midterms Will Have Little Effect On Audit Regulation

    Robert Cox

    The 2018 midterm elections will cause big shake-ups in the House Financial Services Committee and the Senate Banking, Housing and Urban Affairs Committee. However, new audit regulations will likely be driven by the Public Company Accounting Oversight Board and not by Congress, says Robert Cox of Briglia Hundley PC.

  • Q&A

    A Chat With Bryan Cave Innovation Chief Katie DeBord

    Katie DeBord

    In this monthly series, Amanda Brady of Major Lindsey & Africa interviews management from top law firms about the increasingly competitive business environment. Here we feature Katie DeBord, chief innovation officer at Bryan Cave Leighton Paisner LLP.

  • Simple Secrets For Improving Your CLE

    Daniel Karon

    With few cases going to trial, many attorneys keep their oral-presentation skills sharp by teaching continuing legal education programs. To avoid giving a CLE that falls flat and damages your reputation, you must fashion a thoughtful message, control its presentation, and nail the beginning and ending, says Daniel Karon of Karon LLC.

  • SEC Sheds Light On Compliance-Related Liability

    Glen Barrentine

    In its review of a disciplinary action against Southridge Investment's chief compliance officer, the U.S. Securities and Exchange Commission recently issued an opinion that could mean a higher oversight standard for CEOs of registered financial services companies, says Glen Barrentine of Winston & Strawn LLP.

  • 3rd-Party Releases Bring Chapter 11 Venue Considerations

    Samuel Schwartz

    Courts are increasingly upholding involuntary releases of third parties and nondebtors in bankruptcy, including recently in the case of Millennium Lab Holdings. This means parties should consider several factors when picking a venue for a Chapter 11 filing, say Samuel Schwartz and Kristina Perez of Brownstein Hyatt Farber Schreck LLP.

  • It’s Time For Law Firms To Start Talking About Gen Z

    Eliza Stoker

    Since the oldest members of Generation Z aren’t even finished with law school yet, law firm management is in a unique position to prepare for their entrance into the legal workforce, says Eliza Stoker of Major Lindsey & Africa.

  • Clear, Concise Disclosures For Variable Contracts In Sight

    Ronald Holinsky

    The U.S. Securities and Exchange Commission's recent proposals to improve disclosures about variable annuities and variable life insurance contracts should go a long way in enhancing the investment experience for retail investors, say Ronald Holinsky of Lincoln Financial Group and Robert Robertson of Dechert LLP.

  • 5 Common Misconceptions About SEC Investigations

    Daniel Hawke

    Defense counsel often take approaches that reflect misperceptions of how the U.S. Securities and Exchange Commission enforcement game is really played. It is a complex process susceptible to mismanagement by even the most capable or well-intentioned attorney, says Daniel Hawke of Arnold & Porter.

  • Q&A

    Back To School: Yale's Linda Greenhouse Talks Journalism

    Linda Greenhouse

    In this series featuring law school luminaries, Yale Law School lecturer and Pulitzer Prize-winning reporter Linda Greenhouse discusses her coverage of the U.S. Supreme Court, the conservatives' long game and trends in journalism.