Asset Management

  • September 24, 2026

    PE Funds Use AI To Tailor Strategies Amid Heavy Competition

    Almost all U.S. private equity firms expect artificial intelligence to fundamentally change their investment strategies, according to a new BDO survey, as funds apply the technology across every stage of the deal cycle, from deal sourcing to diligence.

  • September 24, 2026

    $16M Note Leads To Fraud Charges For Booted Housing Boss

    The former executive director of two Connecticut housing authorities pled not guilty Thursday to five counts of wire fraud and four counts alleging illegal money transactions after prosecutors accused him of pocketing about $824,000 from a loan tied to a $16.2 million promissory note.

  • September 24, 2026

    Texas Utility Commission Looks To Quash Coal Subpoena

    The Public Utility Commission of Texas is pushing back against a subpoena issued by BlackRock in a suit from Republican state attorneys general accusing asset managers of driving up coal prices by pressuring producers to lower their output to meet emission reduction goals.

  • September 24, 2026

    Mortgage Co. Escapes Ex-Workers' 401(k) Forfeiture Suit

    A Michigan federal judge shut down a suit claiming United Wholesale Mortgage cost employees millions in retirement savings by using forfeited 401(k) funds to pay for employer contributions rather than plan expenses, ruling the workers who sued can't ask the court to create a benefit they weren't owed.

  • September 24, 2026

    PE And Activist-Driven Moves Lead The Week's Deal Rumors

    Activist investors are turning up the pressure on companies including Six Flags Entertainment and Knife River, while private equity firms GTCR and Reverence Capital are weighing a sale of asset manager Allspring Global Investments, and Clayton Dubilier & Rice and Warburg Pincus are in talks to jointly acquire Canaccord Wealth.

  • September 24, 2026

    SPAC Settlements Drove Down Chancery Deal Values In 2025

    A surge in the number of settlements in the Delaware Chancery Court last year was driven by the end of litigation against special purpose acquisition vehicles, but settling investors received less money than at any point in the past five years, Cornerstone Research has said in a new report.

  • September 24, 2026

    Full 5th Circ. Tough On Aetna's Bid To Arbitrate Aramark Suit

    The Fifth Circuit seemed skeptical Thursday of Aetna's bid to force a health plan benefits dispute from food services giant Aramark into arbitration, with judges picking the insurer's arguments apart during an en banc rehearing.

  • September 24, 2026

    Enterprise AI Biz Valued At $6.4B After Latest Funding

    Enterprise-focused artificial intelligence company Island on Thursday revealed that its valuation soared to $6.4 billion after it closed its latest funding round with $400 million in tow.

  • September 24, 2026

    Troutman Adds Finn Dixon Investment Management Leader

    Troutman Pepper Locke LLP has grown its Connecticut outpost with the addition of Finn Dixon & Herling LLP's former investment management practice leader.

  • September 23, 2026

    SEC Issues Wave Of Industry Bars Over Past Violations

    As its fiscal year draws to a close this month, the U.S. Securities and Exchange Commission has issued a bevy of opinions barring defendants from the securities industry, following a D.C. federal judge's ruling earlier this year that a U.S. Supreme Court decision curtailing the agency's use of its administrative courts doesn't preclude the SEC's ability to pursue industry bans.

  • September 23, 2026

    Pension Worker's Scheme Targeted Law Enforcers, SEC Says

    The U.S. Securities and Exchange Commission announced Wednesday a limited liability company and a pension plan administrator have agreed to settle claims they targeted current and retired law enforcement officers in Florida to raise $860,000 in investments.

  • September 23, 2026

    Ohtani Ball Holder Can Add Claim For $4.4M From Sale

    A Florida judge said Wednesday he would reopen pleadings in a three-way fight over a record-breaking home run ball by baseball star Shohei Ohtani to allow the defendant — the man who walked out with the ball — to add a claim for ownership of the ball.

  • September 23, 2026

    Federated Hermes Can't Evade 401(k) Self-Dealing Claims

    Investment manager Federated Hermes Inc. must face most of a proposed class action from current and former employees over its alleged use of retirement funds to prop up its own underperforming investments, a Pennsylvania federal judge ruled Wednesday.

  • September 23, 2026

    Healthcare Co. Trims But Can't Escape Retirement Plan Suit

    Nonprofit healthcare system Virtua Health can't avoid a proposed class action alleging its 401(k) plan unlawfully offered a risky and underperforming investment option that provided excessive compensation to plan service providers, a New Jersey federal judge ruled.

  • September 23, 2026

    GoldenTree Plugs $482.5M Into Colorado Ski Resort Project

    Stockman Development LLC on Wednesday revealed that it secured $482.5 million in new funding from GoldenTree Asset Management to advance its residential and resort The Stockman, Auberge Collection project in Colorado.

  • September 23, 2026

    Houlihan Lokey Taps Ex-AIG, Viacom Atty As Legal Chief

    Investment bank Houlihan Lokey Inc. has tapped a former AIG and Deutsche Bank counsel to serve as its new chief legal officer, its first new top lawyer in over two decades.

  • September 23, 2026

    Judge Dismisses Son's Bid To Recoup Parents' Tax Payments

    A Tennessee federal judge dismissed a son's bid for a refund of federal income taxes for his dead parents' estates, finding he failed to establish that his father sufficiently participated in an amusement equipment manufacturing business to claim associated losses.

  • September 23, 2026

    Bessemer Secures $5.75B In New Capital To Back Founders

    Venture capital firm Bessemer Venture Partners, advised by Kirkland & Ellis LLP, on Wednesday revealed that it has raised $5.75 billion in new funding, which will be used to back companies "shaping" the artificial intelligence space.

  • September 23, 2026

    State Pols Urge Justices To Rein In Kalshi's Sports Offerings

    A coalition of state lawmakers has urged the U.S. Supreme Court to review a Third Circuit decision allowing Kalshi to keep its sports offerings online in New Jersey, emphasizing that sports betting oversight must be left to the states.

  • September 22, 2026

    SEC Fines Broker-Dealer Over System Security Failures

    The U.S. Securities and Exchange Commission on Tuesday ordered OTC Link LLC to pay $575,000 over allegations that the New York-based broker-dealer did not establish and enforce policies to ensure the security of the technology underpinning one of its alternative trading systems, despite several citations from examiners.

  • September 22, 2026

    SEC E-Delivery Plan Draws Access Concerns, Enviro Praise

    State regulators, labor unions and at least one member of Congress are among those urging the U.S. Securities and Exchange Commission to rethink a proposal that would allow issuers and market intermediaries to default to electronic delivery of investor documents, while Wall Street groups and environmental advocates praised the measure.

  • September 22, 2026

    NY Brokerage Must Pay $1.6M In FINRA Supervision Action

    American Portfolios Financial Services Inc., which is now part of Osaic Wealth Inc., will pay more than $1.6 million in combined restitution and fines to settle claims that its representatives' recommendations caused customers to overpay for fees on certain securities.

  • September 22, 2026

    Healthcare AI Biz Valued At $900M After $100M Series C Round

    Healthcare-focused artificial intelligence company Heidi on Tuesday revealed that it has reached a $900 million valuation after raising $100 million in its latest funding round.

  • September 22, 2026

    Trump Admin Sued Over $289M In Soon-To-Lapse CDFI Funds

    A business advocacy group has sued the Trump administration, seeking to force it to distribute over $289 million in congressionally appropriated funds meant to support community development financial institutions before the funds lapse at the end of the month.

  • September 22, 2026

    Yale, Biohaven Seek $23M Atty Fee After Trade Secrets Win

    Yale University and Biohaven Therapeutics Ltd. have requested attorney fees topping $23.1 million, plus $2 million each in exemplary damages, after winning a $4 million trial verdict, though both entities are also seeking a new trial to readdress damages on trade secrets and contract breach claims.

Expert Analysis

  • How State, Local Rules Are Expanding Debt Collection Reach

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    Consumer protection rules recently enacted by several states signal that the rules of debt collection are being rewritten at a pace that should command the attention of every creditor, servicer, debt buyer, collection agency and collection law firm operating across state lines, says Weldianne Scales at Reed Smith.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

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    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • A New Regulatory Environment For PE In Calif. Healthcare

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    The California Office of Health Care Affordability's proposed revisions to its cost and market impact review regulations, amid broader state scrutiny of private equity-backed healthcare arrangements, represent a qualitative shift in California's regulatory posture toward institutional healthcare investment, say attorneys at Ropes & Gray.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Agentic AI And Securities Law: Who Is The Adviser?

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    Securities regulation has always been actor-based, but as agentic artificial intelligence becomes more common, it will push the law toward a partially system-based framework in which systems themselves, and the relationships between them and their deployers, are the focus of regulatory attention, says Joseph A. Hall at Davis Polk.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • A Potential Turning Point For Short-And-Distort Claims

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    A California federal jury's conviction of Andrew Left signals that the historically blurry line between securities fraud and legitimate criticism of companies is growing clearer, and that there is a viable recourse against so-called short-and-distort campaigns intended to create a false impression of the market, say attorneys at Baker McKenzie.

  • CFTC Policy Substantially Expands Self-Reporting Incentives

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    A recent U.S. Commodity Futures Trading Commission policy moves from a mitigation-centered model to prioritizing declination for early self-reporting and full cooperation, reflecting a deliberate effort to harmonize voluntary self-disclosure incentives across the federal enforcement authorities, say attorneys at Sullivan & Cromwell.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

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    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

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    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

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