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Asset Management

  • January 2, 2019

    Ex-USC Coach Cops To Role In NCAA Bribery Scheme

    A former assistant men’s basketball coach for the University of Southern California, a top-ranked NCAA school, on Wednesday admitted to taking bribes from financial advisers in exchange for pushing college players to retain their services.

  • January 2, 2019

    4 Post-Christmas IPO Filings Perk Up January Pipeline

    A Chinese online brokerage plus three biotechnology companies filed plans after Christmas for initial public offerings tentatively estimated to raise $572 million combined, moving ahead with deals that could price this month, assuming choppy markets don’t scare off issuers.

  • January 2, 2019

    FINRA Awards $4.2M For Morgan Stanley's Lack Of Oversight

    A Financial Industry Regulatory Authority arbitration panel has ordered Morgan Stanley Smith Barney LLC to pay a former NFL player and a Mega Millions lottery winner a combined $4.2 million, ruling the wealth manager failed to adequately supervise the adviser who squandered the funds.

  • January 2, 2019

    Investors Can't Justify Deal With Trading Firm GC, Judge Says

    An Illinois federal court has refused to approve a deal between the general counsel of a now-defunct stock trading firm and investors over allegations the attorney helped conceal financial difficulties and evidence that higher-ups used corporate funds for personal gain, questioning the proposed distribution favoring the named investors.

  • January 2, 2019

    Tilton Loses Latest Bid To Beat German Bank's Fraud Suit

    A New York state judge has refused to dismiss a German bank's $45 million fraud suit against investment manager Lynn Tilton, saying it was different enough from the U.S. Securities and Exchange Commission's failed case against her that it should be allowed to advance.

  • January 1, 2019

    Delaware Cases To Watch In 2019

    A bellwether merger appraisal appeal, a spotlight on “enhanced” director independence, a trial over a mega-merger meltdown and an appeal from a rare deployment of the “implied covenant” in a contract dispute all lay ahead as 2019 opens in Delaware’s Chancery and Supreme Courts.

  • January 1, 2019

    6 Trends To Watch In The 2019 IPO Market

    Initial public offerings in 2018 soared to their highest levels in four years thanks to a deep pipeline of health care and technology companies, though market volatility caused IPOs to sputter down the stretch and could sober expectations for 2019. Here are six trends to watch.

  • January 1, 2019

    ERISA Cases To Watch In 2019

    The Second Circuit's surprise revival of an IBM stock-drop suit and the Ninth Circuit's generous interpretation of how to beat a three-year deadline for filing fiduciary-breach claims in a suit against Intel shook the benefits world last year, landing those cases on a list of six legal battles that benefits lawyers should keep an eye on in 2019, experts say.   

  • January 1, 2019

    6 SEC Regulatory Prospects To Watch In 2019

    From controversial rules intended to impose a higher standard of conduct on broker-dealers to potential changes to the quarterly reporting system for public companies, the U.S. Securities and Exchange Commission plans to tackle wide-ranging issues in 2019 that could have a lasting impact on long-term investors. Here are six regulatory developments to be on the lookout for.

  • January 1, 2019

    Benefits Legislation & Regulation To Watch In 2019

    Benefits attorneys will be waiting to see if the new year brings a solution to the multiemployer pension crisis, a substitute for the U.S. Department of Labor’s controversial fiduciary rule or clarity on how a pair of regulations will impact group health offerings and employee retirement savings. Here, Law360 breaks down four policy developments headlining what promises to be a busy year for benefits lawyers.

  • January 1, 2019

    Activists Expected To Target M&A, Overseas Cos. In 2019

    Shareholder activists are expected to hit the ground running in 2019, carrying over their momentum from an action-packed year with an emphasis on challenging announced transactions and targeting companies outside of the U.S. Here, Law360 outlines developing activism trends that are poised to shape the coming year.

  • January 1, 2019

    Swaps-Trading Rules Top Agenda For CFTC In 2019

    The U.S. Commodity Futures Trading Commission could overhaul swaps-trading rules in 2019, which tops a broad list of priorities that also includes potential action on cross-border matters, position limits and digital currencies as the agency prepares for new leadership. Here is an overview of unfinished business and potential new developments that await the CFTC.

  • January 1, 2019

    Securities Litigation To Watch In 2019

    In 2019, securities attorneys will be following a U.S. Supreme Court case involving an investment banker accused of committing fraud for forwarding his boss' misstatements, and hoping for additional clarity about how to establish loss causation in stock-drop suits. Here, Law360 looks at four key securities issues for the coming year.

  • December 21, 2018

    Feds Blast Ex-Platinum Execs' Misconduct Claims

    Brooklyn federal prosecutors urged a judge to reject “inflammatory” misconduct claims by former Platinum Partners executives facing fraud charges, saying cooperators were kept secret not to give prosecutors an edge but because of “legitimate fear” of backlash from their cooperation.

  • December 21, 2018

    SEC’s 1st Robo-Adviser Fines Hit Wealthfront, Hedgeable

    The U.S. Securities and Exchange Commission notched its first enforcement action against computer-automated investment advisers Friday with Wealthfront Advisers LLC and Hedgeable Inc. agreeing to pay a combined $330,000 to settle charges of misleading consumers.

  • December 21, 2018

    SEC Resolves Numerous In-House Proceedings Post-Lucia

    The U.S. Securities and Exchange Commission resolved more than a dozen administrative proceedings Friday, many of which became eligible for a rehearing after the Supreme Court's Lucia v. SEC decision earlier this year.

  • December 21, 2018

    Low-Level Tippee Gets 3 Months In BofA Insider-Trade Case

    A Manhattan federal judge sentenced a 35-year-old software engineer to three months in prison Friday for taking illegal stock tips from a former Bank of America consultant and profiting by $51,000, telling the Rochester Institute of Technology grad that other would-be cheats must be deterred.

  • December 20, 2018

    SEC Inspectors To Keep Cryptocurrency A Priority Next Year

    The U.S. Securities and Exchange Commission’s compliance inspections arm said Thursday that it will focus on investment firms dealing in cryptocurrencies when selecting which to examine in 2019, maintaining a priority it set this year.

  • December 20, 2018

    Goldman Must Share Some Proof Of 'Boys’ Club' In Bias Suit

    A Manhattan federal magistrate judge ruled Thursday that Goldman Sachs must share limited evidence related to its alleged “boys’ club” culture with women who accuse the investment bank of gender discrimination, but not as much as the plaintiffs sought.

  • December 20, 2018

    Libor Prosecutors Told To Sift Their Work From Paul Weiss'

    A Manhattan federal judge on Wednesday suggested prosecutors retrace a five-year investigation into former Deutsche Bank AG traders accused of rigging the London Interbank Offered Rate and delineate it from work by the bank's counsel at Paul Weiss Rifkind Wharton & Garrison LLP.

Expert Analysis

  • Jurors Should Ask More Questions During Trials

    Matthew Wright

    Permitting jurors to submit written questions, or even to pose questions orally to witnesses on the stand, advances several important goals and promotes both fairness and efficiency, says Matthew Wright of McCarter & English LLP.

  • Calif. Ruling Dings Engagement Letter Arbitration Clauses

    Sharon Ben-Shahar Mayer

    The California Supreme Court's recent decision in Sheppard Mullin v. J-M Manufacturing has cast doubt on arbitration clauses in attorney engagement agreements, jeopardizing the efficient resolution of malpractice claims and fee disputes, say Sharon Ben-Shahar Mayer and Mark Drooks of Bird Marella Boxer Wolpert Nessim Drooks Lincenberg & Rhow PC.

  • 10 Things We Wish We Were Told When Going In-House

    Dana Lee

    Attorneys at Albert Einstein College of Medicine, Perkins Coie LLP and the Healthcare Association of New York State reflect on lessons they learned the hard way when transitioning to in-house counsel positions.

  • What To Know About DOL's Proposed Retirement Plan Rule

    Deborah Hembree

    A rule recently introduced by the U.S. Department of Labor addressing the multiple employer provisions of President Donald Trump's executive order on retirement regulations would provide clarity for employers, but the changes are not without limits, says Deborah Hembree of Constangy Brooks Smith & Prophete LLP.

  • The Virtual Law Team: Advantages For Litigants And Lawyers

    Jessica Cox

    The virtual law team was created as a necessary response to mass tort litigation — however, with advances in technology and ever-increasing specialization of the legal practice, the model should be considered in multiplaintiff litigation of any size, say attorneys at Faegre Baker Daniels LLP.

  • The SEC's Latest Statement On Digital Assets

    Michael Krimminger

    Despite a recent joint announcement by three U.S. Securities and Exchange Commission divisions, several key questions about the commission’s view on cryptocurrencies and initial coin offerings remain unsettled, say attorneys with Cleary Gottlieb Steen & Hamilton LLP.

  • 5 Business Takeaways From The Midterms

    Mary Moore Hamrick

    Now that the midterms are over, business leaders have a little insight into the future of taxes, trade and other policy issues affecting the economy. Still, companies should remain agile as, come January, a new and divided Congress will begin to chart its course, says Mary Moore Hamrick of Grant Thornton LLP.

  • A Series Of Avoidable Missteps In PLX Sale

    Gail Weinstein

    It takes an extraordinary series of mistakes for a stockholder or a banker to be found to have aided and abetted a board’s fiduciary breaches. The Delaware Chancery Court's decision last month in a shareholder suit following PLX Technology's acquisition illustrates the errors and how they can be readily avoided, say attorneys with Fried Frank Harris Shriver & Jacobson LLP.

  • Emerging Cybersecurity Threats In The Legal Industry

    Michael Hall

    Predicting how the cybersecurity landscape will develop is critical for any organization wanting to mitigate the risk of the inevitable future attack. Michael Hall of HighQ Solutions Ltd. discusses five threats to look out for in the next 12 months.

  • The Legacy Of Madoff, A Decade Later

    Mark Kornfeld

    Despite lessons from Bernie Madoff's Ponzi scheme that was revealed 10 years ago, financial fraud continues to thrive. Negative history repeats itself on what seems like a daily basis, say attorneys with Quarles & Brady LLP.