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 5, 2018

    3 Men Connected To Global Pump & Dump To Plead Guilty

    Three defendants connected with the alleged mastermind of a global pump-and-dump scheme are expected to plead guilty in Boston federal court to conspiring to commit securities fraud, according to plea agreements that have been filed. 

  • December 5, 2018

    Greenberg Traurig Wants Part Of Stanford Ponzi Claim Axed

    Greenberg Traurig LLP told a Texas federal judge on Tuesday that recent precedent from the Fifth Circuit dooms a claim that it actively participated in convicted Ponzi schemer R. Allen Stanford’s plan to dupe investors out of billions of dollars.

  • December 5, 2018

    Deutsche Bank Settles BlackRock RMBS Suits

    Deutsche Bank has struck a deal with residential mortgage-backed securities investors including funds of BlackRock Inc. and other asset managers to settle their litigation in New York federal court and California state court over the bank’s handling of hundreds of RMBS trusts.

  • December 5, 2018

    Ascent Creditors Say $75M Note Exchange Plan Is Dangerous

    The sole creditors of Ascent Capital Group Inc. asked a Delaware Chancery Court judge Wednesday for an injunction that will stop a proposed $75 million debt exchange transaction with an insolvent subsidiary the creditors say will put the company in danger of becoming insolvent itself.

  • December 5, 2018

    Shire, Takeda Shareholders Give All Clear To £46B Deal

    Shareholders in Takeda Pharmaceuticals on Wednesday gave their seal of approval to the proposed £46 billion ($59 billion) acquisition of Shire PLC, paving the way for the deal’s completion after investors in the Dublin-based pharmaceutical giant also voted in favor of the tie-up.

  • December 5, 2018

    Petrobras Takes Immunity Fight In EIG Suit To The High Court

    Brazil’s state-owned energy giant Petrobras asked the U.S. Supreme Court on Monday to reverse the D.C. Circuit’s ruling that it cannot claim sovereign immunity in fending off claims from funds managed by EIG Global Energy Partners LLC that it is responsible for losses from a failed drilling venture.

  • December 5, 2018

    Tritax Big Box REIT Lands $510M In Financing

    Tritax Big Box REIT PLC has landed £400 million ($509.9 million) in new financing from a syndicate of banks, and will use proceeds to pay off existing debt and for future acquisitions and investments, according to an announcement Wednesday from the U.K. real estate investment trust.

  • December 5, 2018

    Investor Loss Info Barred From Lender’s Looming SEC Trial

    A New York federal judge said Tuesday that a Wall Street lending company cannot present evidence about its investors' monetary losses or profits in an upcoming trial over claims from the U.S. Securities and Exchange Commission that it raised millions of dollars through fraudulent offering documents.

  • December 5, 2018

    Ares Closes Latest Real Estate Fund With $1 Billion

    Asset manager Ares Management Corp. has closed Ares U.S. Real Estate Fund IX with about $1.04 billion in commitments that will be used to target investments in multifamily, industrial and office properties located across the U.S., the company said Wednesday.

  • December 5, 2018

    Tesla Faces Securities Suit Over $1.8B Bond Offering

    A pension fund’s proposed class action alleging Tesla Inc., its CEO Elon Musk and several big banks acting as underwriters misled investors about a $1.8 billion bond offering was removed from California state court Tuesday.

  • December 5, 2018

    Foreign Banks Challenge Jurisdiction In Forex Rig Suit

    A slew of big foreign banks including BNP Paribas and HSBC Bank plc told a New York federal judge that a proposed class of investors accusing them of manipulating the foreign exchange market for at least six years haven’t proven jurisdiction over them.

  • December 5, 2018

    Data-Driven Lawyer: Kilpatrick Townsend's Kate Gaudry

    Kilpatrick Townsend’s Kate Gaudry has used data analytics to supercharge her patent prosecution practice, uncover winning strategies for portfolio management and expose a secretive U.S. Patent and Trademark Office program, earning her a spot on our 2018 list of Data-Driven Lawyers.

  • December 4, 2018

    Rent-A-Center Investors Seek OK On $11M Stock Drop Deal

    Investors suing Rent-A-Center in a proposed class action stock drop case claiming the company tried to hide known problems with its new sales transaction system asked a Texas federal judge Tuesday to preliminarily approve a proposed $11 million settlement.

  • December 4, 2018

    4 FINRA Attys Take Regulatory Expertise To King & Spalding

    Four senior attorneys at the Financial Industry Regulatory Authority have joined arms and jumped to private practice, landing next to their former agency boss at King & Spalding LLP.

  • December 4, 2018

    4 Firms Vie To Lead Adient Investors' Stock-Drop Suit

    Levi & Korsinsky LLP, Thornton Law Firm LLP, Bernstein Litowitz Berger and Grossmann LLP and Robbins Geller Rudman & Dowd LLP are in the running for lead counsel in a stock-drop proposed class action against auto parts giant Adient PLC, according to motions filed Monday in New York federal court.

  • December 4, 2018

    Singapore Regulator Releases Guide For Token Offerings

    The Monetary Authority of Singapore on Monday released a guide describing how digital token offerings fall under the purview of the nation’s securities laws, weeks after a bill aimed at streamlining payment services regulation was introduced in the Singapore Parliament.

  • December 4, 2018

    Data-Driven Lawyer: Littler's Scott Forman

    Littler Mendelson PC shareholder Scott Forman's innovative case management platform helps his firm analyze litigation data, craft defense strategies, predict outcomes and greatly reduce client costs, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 4, 2018

    Crypto Platform ErisX Snags $28M In Latest Funding Round

    Cryptocurrency trading platform ErisX on Tuesday said its most recent funding round brought in upward of $27.5 million from investors including Fidelity Investments and Nasdaq Ventures, as ErisX looks to enhance its profile in the digital asset market.

  • December 4, 2018

    Welltower Gets $300M Investment From Qatar Sovereign Fund

    Health care-focused real estate investment trust Welltower Inc. said on Tuesday that an affiliate of Qatar’s sovereign wealth fund has acquired $300 million in the company’s common stock.

  • December 4, 2018

    Fund Manager’s Firms Ordered To Pay $23M In Restitution

    Three investment firms affiliated with admitted fraudster Haena Park were ordered to pay $22.9 million in restitution by a New York federal judge Monday for their role in defrauding dozens of Park’s friends and family out of more than $23 million over a six-year span.

Expert Analysis

  • Q&A

    Wendy Olson Talks Twin Falls, Tribes, Private Practice

    Wendy Olson

    Former U.S. Attorney for the District of Idaho Wendy Olson discusses her decades of experience prosecuting white collar crimes and civil rights violations, her work and challenges as U.S. attorney, and her move to private practice.

  • Prospects For Tax Policy In A Divided Post-Election Congress

    Evan Migdail

    The outcome of next week's election remains uncertain, but it is possible to predict some of the policy changes and legislative initiatives likely to arise during lame duck and 116th congressional sessions if Democrats regain a majority in the House of Representatives, say Evan Migdail and Melissa Gierach at DLA Piper LLP.

  • 3 Incentive Compensation Alternatives To Consider

    Megan Monson

    Many employers provide equity-based compensation, but often employees don’t receive the value these incentives were intended to provide. For this and several other reasons, employers should consider new approaches to help retain employees and reward performance, say Megan Monson and Christine Osvald-Mruz of Lowenstein Sandler LLP.

  • Series

    Judging A Book: Brown Reviews 'Dangerous Leaders'

    Judge Nannette Jolivette Brown

    Anthony Thompson’s "Dangerous Leaders: How and Why Lawyers Must Be Taught to Lead" explores the conflict many lawyers face when charged with the responsibility of leadership. The book is an excellent read for all lawyers, says U.S. District Chief Judge Nannette Jolivette Brown of the Eastern District of Louisiana.

  • Prosecutors Avoid 5th Amendment Showdown In Libor Case

    Justin Shur

    Former Deutsche Bank trader Gavin Black was recently convicted of wire fraud and conspiracy in connection with Libor manipulation. However, absent from the government’s case were Black's statements made during internal investigations, which leaves open an important Fifth Amendment question, say Justin Shur and Eric Nitz of MoloLamken LLP.

  • A Closer Look At SEC's Whistleblower Proposals

     Matthew LaGarde

    Recently proposed amendments to the rules governing the U.S. Securities and Exchange Commission's whistleblower program represent a step back for the program. However, there are some elements that should encourage whistleblowers, says Matthew LaGarde of Katz Marshall & Banks.

  • Breaking The Rules: 3 Ways To 'Lead' A Direct Examination

    Matthew Menchel

    Trial lawyers are frequently taught that they should appear invisible during direct examination — that their job is merely to prompt the witness to start speaking. But the most powerful direct examinations are the ones in which the examiner, not the witness, is controlling the pace, say attorneys with Kobre & Kim LLP.

  • Preparing For The New NFA Cryptocurrency Requirements

    J.P. Bruynes

    The Oct. 31 effective date for the National Futures Association's virtual currency disclosure requirements is fast approaching. It is important for NFA members to understand which disclosures are explicitly prescribed and not merely suggested, say J.P. Bruynes and Stephanie Bradford of Akin Gump Strauss Hauer & Feld LLP. 

  • 10 Clarifications To The $100B Opportunity Zone Program

    Jacob Werrett

    On Oct. 19, the IRS proposed regulations providing long-anticipated guidance related to the opportunity zone program. In the coming months, countless practitioners will work to interpret the specifics of the guidelines, but in the meantime there at least 10 clear takeaways for investors, says Jacob Werrett of JMA Ventures LLC.

  • Navigating Geopolitics In US-China Investments

    Charles Comey

    Notwithstanding protectionist trends on both sides of the Pacific, there continues to be high levels of interest from Chinese investors looking to invest in U.S. companies and vice versa. Charles Comey and Jim Ryan of Morrison & Foerster LLP discuss the new regulatory challenges facing these deals.