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Asset Management
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December 08, 2025
4 Firms Lead $1.51B TC Transcontinental Packaging Deal
Private equity-backed ProAmpac on Monday unveiled plans to acquire TC Transcontinental Packaging from TC Transcontinental in a $1.51 billion deal built by four law firms.
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December 08, 2025
Smith & Nephew Settles 401(k) Fee Dispute
A Massachusetts federal judge stayed a proposed federal benefits class action Monday against Smith & Nephew that accused the medical device company of imposing excessive fees on an employee 401(k) plan, after the parties told the court they had agreed to settle their dispute.
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December 08, 2025
Hilton Retirees Push DC Circ. To Reopen Pension Case
A panel of D.C. Circuit judges appeared to agree Monday that a class of over 20,000 Hilton employees hadn't justified its request for detailed discovery on the hotel chain's compliance with a 14-year-old injunction requiring it to pay additional retirement benefits.
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December 08, 2025
Paul Weiss Guides IBM On $11B Buy Of Cooley-Led Confluent
Tech company IBM, advised by Paul Weiss Rifkind Wharton & Garrison LLP, on Monday unveiled plans to acquire data streaming company Confluent, led by Cooley LLP, in an $11 billion deal.
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December 08, 2025
$32M Malpractice Suit Was Filed Too Late, Judge Says
A federal magistrate judge recommended tossing a lawsuit accusing Zeichner Ellman & Krause LLP and one of its partners of aiding a scheme to divert tens of millions of dollars from the Orly Genger 1993 Trust, finding on Friday that every claim lodged by the trust's assignee is barred by the statute of limitations.
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December 08, 2025
Morgan Lewis Expands UAE Team With 2 Dubai Partners
Morgan Lewis & Bockius LLP has added two asset management partners to its Dubai office to help guide clients through the Middle East's evolving regulatory landscape and growing investment opportunities, the firm announced Monday.
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December 05, 2025
Calif. Agency Hires Ex-DOJ Crypto Enforcement Director
The California Department of Financial Protection and Innovation has brought on a new general counsel who previously served in leadership positions with the U.S. Department of Justice, including director of its cryptocurrency enforcement team.
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December 05, 2025
Virtual Asset Fund Sues Game Dev Over Delays, NFT Fraud
An investment fund specializing in virtual "real estate" has accused a game developer of violating securities laws and breaching an agreement by failing to timely deliver an unregistered NFT associated with its unreleased game.
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December 05, 2025
7th Circ. Backs Distribution Of $2.5M In Fraud Funds
The Seventh Circuit on Thursday rejected a real estate banking business's argument it should have been prioritized over other investors for proceeds from the liquidation of assets related to an alleged $135 million Ponzi scheme, and affirmed a lower court's finding it would have learned of those other investors' interests on two Chicago properties with a more diligent inquiry.
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December 05, 2025
OCC, FDIC Scrap Obama-Era Leveraged Lending Guidance
The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. on Friday formally withdrew from Obama-era guidance that sought to tighten bank leveraged lending standards, a policy that banks argued hamstrung them against nonbank rivals.
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December 05, 2025
Iraqi Kurdish Gov't To Fight Immunity Ruling In $490M Feud
The Kurdistan Regional Government of Iraq will appeal a ruling denying its sovereign immunity defense in litigation filed by a subsidiary of Kuwaiti logistics firm Agility Public Warehousing Co. to enforce a $490 million judgment against it.
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December 05, 2025
BofA Says Northrop 401(k) Suit Toss Backs 4th Circ. Appeal
Bank of America urged a North Carolina federal court Friday to let it appeal an earlier decision denying dismissal of a proposed class action alleging forfeitures were misspent from workers' employee 401(k) plan, arguing a Virginia federal court's decision tossing similar claims against Northrop Grumman supported its bid.
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December 05, 2025
ERISA Recap: 4 Rulings Worth Paying Attention To From Nov.
The Ninth Circuit striking down a class action win for transgender employee health plan participants who said their gender-affirming care denials were discriminatory is just one noteworthy Employee Retirement Income Security Act ruling from November. Here's a recap of that ruling and three others.
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December 05, 2025
Cancer Detection Biz Going Public Via $1.1B SPAC Merger
Cancer detection company Freenome Holdings Inc. announced plans Friday to go public through a merger with special purpose acquisition company Perceptive Capital Solutions Corp. in a deal that gives the combined business a post-transaction equity value of $1.1 billion and was built by three law firms.
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December 05, 2025
2nd Circ. Backs Ex-Goldman Exec's 1MDB Conviction
Former Goldman Sachs managing director Roger Ng's attempt to overturn his conviction in the $6.5 billion 1MDB corruption scheme hit a wall Friday at the Second Circuit, where a panel categorically rejected his multipronged appeal.
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December 05, 2025
Paul Hastings Steers ITT's $4.8B Purchase Of Lone Star's SPX
Paul Hastings is guiding ITT Inc. on an agreement to acquire industrial equipment maker SPX Flow Inc. from Lone Star Funds for $4.775 billion in cash and stock, according to an ITT announcement Friday.
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December 04, 2025
1st Spot Crypto Market To Launch Amid CFTC 'Crypto Sprint'
Derivatives exchange Bitnomial said Thursday it is poised to launch the first spot crypto exchange regulated by the U.S. Commodity Futures Trading Commission, with guidance from Katten Muchin Rosenman LLP.
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December 04, 2025
Solmate To Acquire RockawayX, Creating 'Crypto Giant'
Solmate Infrastructure, formerly known as Irish sports ownership holding company Brera Holdings, announced Thursday it has entered into a business combination with the blockchain arm of venture capital firm Rockaway Capital, RockawayX.
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December 04, 2025
2nd Circ. Restores Ex-Union Boss' Bribery Sentence
The Second Circuit on Thursday ordered a Manhattan federal court to reinstate a nearly five-year prison sentence for a former boss in New York City's largest correction officers union, saying disparities between his bribery sentence and those given to his co-defendants didn't warrant his early release.
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December 04, 2025
Crenshaw Blasts SEC Short-Selling Rules Deadline Extension
The U.S. Securities and Exchange Commission's outgoing, lone Democratic commissioner has criticized the agency's decision to extend the compliance dates for a pair of Biden-era regulations aimed at bolstering transparency in the short-selling market, calling the move a "repeal by extension."
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December 04, 2025
9th Circ. Says ERISA Preempts UnitedHealth Claims Fight
The Ninth Circuit on Thursday backed a California federal court's decision to toss a medical collector's allegations of underpaid claims and state contract law violations by a UnitedHealth Group unit, agreeing that the Employee Retirement Income Security Act preempted the collector's suit.
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December 04, 2025
11th Circ. Won't Rehear NCR Corp. Compensation Fight
The Eleventh Circuit denied on Wednesday software company NCR Corp.'s request to rehear a case in which the court ruled that the company cannot issue lump-sum payments to deferred compensation plan participants as alternatives to promised life annuities.
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December 04, 2025
MVP: Simpson Thacher's Rony Rothken
Rony Rothken, a partner in Simpson Thacher & Bartlett LLP's New York City office, was on the team leading British private equity shop ICG in raising its fifth general partner-led secondaries fund, securing $11 billion of capital commitments, and also advised private equity giant Blackstone on its $10.8 billion European real estate fund, earning him a spot as one of the 2025 Law360 Fund Formation MVPs.
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December 04, 2025
Cayman Parent Of Canterbury Securities Files Ch. 15 Case
The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proceeding in the new case.
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December 04, 2025
26North Scoops $885M Kitchen Unit Stake As 2 Firms Advise
Kirkland & Ellis LLP and Skadden Arps Slate Meagher & Flom LLP are advising on 26North Partners LP's agreement to buy a 51% stake in the residential kitchen business of The Middleby Corp. at an $885 million value, according to a Thursday announcement.
Expert Analysis
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Series
Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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Courts Keep Upping Standing Ante In ERISA Healthcare Suits
As Article III standing becomes increasingly important in litigation brought by employer-sponsored health plan members under the Employee Retirement Income Security Act, several recent cases suggest that courts are taking a more scrutinizing approach to the standing inquiry in both class actions and individual matters, say attorneys at Crowell & Moring.
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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.