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Asset Management
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November 24, 2025
X-energy Raises $700M To Expand Nuclear Reactor Projects
Nuclear reactor maker X-energy Reactor Company LLC, advised by Latham & Watkins LLP, on Monday revealed that it wrapped its latest funding round after receiving $700 million from investors.
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November 24, 2025
CFTC Says 'Young Pros' Investment Firm Bilked $1M
The U.S. Commodity Futures Trading Commission has accused two men of using their unregistered investment group to defraud over 30 investors out of $1 million with false promises of returns.
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November 21, 2025
Florida Sues ISS, Glass Lewis Over ESG Advice
The state of Florida is suing Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC, alleging that the proxy advisory firms are abusing their dominant place in the market by promoting ideological and environmental causes "at the expense of traditional metrics of financial growth."
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November 21, 2025
Bankers Press Congress To Pass 'Critical' AML Reporting Bill
The American Bankers Association and 50 state bankers groups are urging congressional leaders to pass proposed legislation to increase dollar thresholds for anti-money laundering reporting, saying it would be a "critical element" of modernizing illicit finance rules for banks.
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November 21, 2025
3 Firms Guide American Healthcare REIT's Public Offering
American Healthcare REIT Inc., guided by Sidley Austin LLP, announced a public offering for 8.1 million of its common stock shares, which are underwritten by Paul Hastings LLP-led RBC Capital Markets in a deal partially guided by Venable LLP, according to a U.S. Securities and Exchange Commission filing.
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November 21, 2025
Escrow Agent Accused Of $4.6M 'Insider Payoff' In NC Sale
Stewart Title Guaranty Co. facilitated the unauthorized sale of a financially struggling luxury apartment complex and then handed a $4.6 million "insider" payout to one of the operating owners, according to a lawsuit by a real estate investment trust that claims it was cut out of the decision process.
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November 21, 2025
Conn. Banking Chief Says Private School Fraud Topped $5.1M
Putnam Science Academy, a private high school in Northeastern Connecticut, owes an additional investor money in what is alleged to have been an affinity fraud scheme that topped $5.1 million, according to an amended order by the state banking commissioner.
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November 21, 2025
BNY Mellon Cleared By Jury Of Unjust Enrichment Claim
A New York federal jury has cleared Bank of New York Mellon of allegations of unjust enrichment from a contractor who claimed his investment valuation model had been misappropriated.
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November 21, 2025
SPAC Veterans Back Infinite Eagle's Filing For $300M IPO
Infinite Eagle Acquisition, the 10th blank check company led by Jeff Sagansky and Harry Sloan, has filed plans to raise up to $300 million in its initial public offering.
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November 21, 2025
Veolia Inks $3B US Waste Deal As Enviri Preps GC-Led Spinoff
France's Veolia Environnement SA will buy Clean Earth from Philadelphia-based Enviri Corp. for $3.04 billion in cash, in a deal that will double Veolia's U.S. hazardous waste operations and create an Enviri spinoff headed by Enviri's general counsel, the companies said Friday.
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November 21, 2025
SEC, Virtu To Settle Customer Data Suit For $2.5M
Virtu Financial Inc. has agreed to pay the U.S. Securities and Exchange Commission $2.5 million for allegedly failing to safeguard customer information, according to a Friday proposed final order that would end the regulator's two-year-old suit against the broker-dealer.
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November 21, 2025
Hall Chadwick SPAC Begins Trading After $180M IPO
Special purpose acquisition company Hall Chadwick Acquisition Corp. made its public debut on the Nasdaq on Friday after raising $180 million in its initial public offering built by three law firms, joining a wave of special purpose acquisition companies to go public in recent weeks.
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November 20, 2025
Fed's Cook Says AI Could Either Steady Wall Street Or Rig It
Federal Reserve Board Gov. Lisa Cook said Thursday that the use of artificial intelligence in algorithmic trading in financial markets has the potential to improve on current trading, but it also has the potential to create "risks that are difficult to monitor or mitigate."
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November 20, 2025
Target Investors' Pride Month Merch Suit Shipped To Minn.
A consolidated set of shareholder class actions against Target Corp. over its 2023 Pride Month marketing campaign has been relocated from Florida to Minnesota, where the company is headquartered.
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November 20, 2025
SEC's Uyeda Says ERISA Needs Litigation Reform To Curb Suits
U.S. Securities and Exchange Commission member Mark Uyeda called for litigation reform Thursday aimed at stopping lawsuits filed under the Employee Retirement Income Security Act that he said discourage retirement plan fiduciaries from investing in the private markets.
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November 20, 2025
Lindberg's Fla. Suit Fighting $524M Award Nixed Over Venue
A Florida federal judge on Thursday dismissed disgraced insurance mogul Greg Lindberg's lawsuit seeking to pause enforcement of a $524 million arbitral award, saying Florida is the wrong venue for the dispute.
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November 20, 2025
Journalist Jailed For Contempt, Fined For Stealing Court Mug
A Texas federal judge ordered U.S. marshals Thursday to haul a onetime conservative journalist to a nearby jail for contempt of court and separately fined him $1,000 for stealing a court coffee mug, saying he had had it with the defendant's "shenanigans."
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November 20, 2025
Hedge Fund Can Register $1.4B PDVSA Judgment In Delaware
Affiliates of hedge fund Gramercy won permission Thursday to register New York judgments totaling more than $1.4 billion against Venezuela's state-owned oil company in Delaware, where a long-awaited auction of Venezuela's most significant seizable asset to satisfy creditors owed some $20 billion is drawing to a close.
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November 20, 2025
Big Beer, Bots And Billion-Dollar Bids Top Week's Rumors
Private equity dealmaking and artificial intelligence investment continued to generate a steady flow of market chatter this past week, as reports pointed to fresh fundraising efforts, potential take-private bids, and early-stage talks across the technology, energy and consumer sectors.
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November 20, 2025
Investment Adviser Admits 2-Year Client Swindling Scheme
An investment adviser charged with running a two-year fraud scheme in which he convinced investors to put money toward non-existent business opportunities admitted Thursday that he is guilty of the government's allegations.
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November 20, 2025
FTC Withdraws In-House GTCR Merger Case
The Federal Trade Commission withdrew its administrative case challenging GTCR BC Holdings LLC's acquisition of a medical coatings supplier to consider whether to drop the case entirely after an Illinois federal judge refused to put the merger on hold.
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November 20, 2025
Nokia, Tesi Plug €100M Into Partnership With AI Defense Biz
Telecommunications giant Nokia and European artificial intelligence lab NestAI on Thursday announced a strategic partnership for AI-powered defense solutions, featuring a €100 million ($115.4 million) investment into NestAI by Nokia and Finnish investment company Tesi.
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November 20, 2025
2nd Circ. Nixes REIT's CLO Fund Mismanagement Claims
The Second Circuit has backed the dismissal of mismanagement and fraud counterclaims lodged by a real estate investment trust and its subsidiary in a dispute involving a collateralized loan-obligation investment fund, ruling that related agreements for the fund don't support their counterclaims.
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November 20, 2025
11th Circ. Backs MetLife Benefits Denial To Ex-Troutman Atty
The Eleventh Circuit on Thursday upheld MetLife's early win in a former commercial litigation attorney's fight for additional long-term disability benefits related to a bipolar disorder diagnosis, backing a Florida federal court's decision to uphold the insurer's determination she was no longer disabled under the terms of the plan.
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November 20, 2025
Sullivan & Cromwell, Sidley Lead Missouri Bank's $373M IPO
Missouri-based lender Central Bancompany began trading publicly Thursday after raising approximately $373 million in its initial public offering built by Sullivan & Cromwell LLP and Sidley Austin LLP.
Expert Analysis
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How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.
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CFPB Proposal Defining Consumer Risk May Add Uncertainty
Though a recent Consumer Financial Protection Bureau proposal would codify when risks to consumers justify supervisory intervention against nonbanks, furthering Trump administration plans to curtail CFPB authority, firms may still struggle to identify what could attract supervisory designation under the new rule, say attorneys at Steptoe.
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Atkins-Led SEC Continues Focus On Private Funds
Since the change in administration, there has overall been a more accommodative regulatory stance toward private funds, but a recent enforcement action suggests that the U.S. Securities and Exchange Commission is not backing off from enforcement in the space completely, say attorneys at Simpson Thacher.
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9th Circ. Ruling Leaves SEC Gag Rule Open To Future Attacks
Though the Ninth Circuit's recent ruling in Powell v. U.S. Securities and Exchange Commission leaves the SEC's no-admit, no-deny rule intact, it could provide some fodder for litigants who wish to criticize the commission's activities either before or after settling with the commission, says Jonathan Richman at Brown Rudnick.
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Series
Writing Musicals Makes Me A Better Lawyer
My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.
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Series
Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
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Rebutting Price Impact In Securities Class Actions
Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.
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7 Document Review Concepts New Attorneys Need To Know
For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.
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Stablecoin Committee Promotes Uniformity But May Fall Short
While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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Parsing Trump Admin's First 6 Months Of SEC Enforcement
The U.S. Securities and Exchange Commission's enforcement results for the first six months of the Trump administration show substantially fewer new enforcement actions compared to the same period under the previous administration, but indicate a clear focus on traditional fraud schemes affecting retail investors, say attorneys at King & Spalding.
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Series
Being A Professional Wrestler Makes Me A Better Lawyer
Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.
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SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'
The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.
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Series
Law School's Missed Lessons: Adapting To The Age Of AI
Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.
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Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning
A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.