Asset Management

  • September 15, 2026

    Lender Alleges Housing Official Ran $2.4M Ponzi Scheme

    A real estate investment firm has accused the former executive director of a Connecticut town's housing authority of operating a Ponzi scheme that caused a $2.4 million loan to "vanish," alleging he and an associate made fraudulent assurances about proposed bonds, account balances, property values and other financing.

  • September 15, 2026

    Dems Block Crypto Bill Over Ethics Concerns

    The Senate on Tuesday failed to clear a procedural hurdle for the Clarity Act, which was primed to be the first comprehensive federal regulatory framework for digital asset markets, as Democrats said the ethics guardrails were not strong enough.

  • September 15, 2026

    Bessent Teases Higher AML Reporting Thresholds For Banks

    U.S. Treasury Secretary Scott Bessent told a U.S. House panel on Tuesday that the Trump administration is moving toward relaxing longstanding transaction reporting requirements for banks as part of its broader push to overhaul federal anti-money laundering rules.

  • September 15, 2026

    Workers Want Investment Bank Pay Suit To Go On

    An investment-banking enterprise and two managing directors are asking a Texas federal judge to resolve factual questions about workers' exempt status too early in the case, the employees argued, pushing the judge to keep their wage suit alive.

  • September 15, 2026

    Goldman Sachs' Flagship PE Fund Raises $9.6B

    Goldman Sachs Alternatives, advised by Fried Frank Harris Shriver & Jacobson LLP, said Tuesday that it wrapped its newest private equity fund after securing $9.6 billion of total capital commitments.

  • September 15, 2026

    Charter Can't Escape Ex-Workers' 401(k) Forfeiture Suit

    A proposed class action against Charter Communications Inc. alleging the company misspent forfeitures from an employee 401(k) plan can partly move ahead, a Missouri federal judge said, holding that retirement plan participants plausibly alleged the company breached its fiduciary duties in violation of federal benefits law.

  • September 15, 2026

    PSG Equity Wraps €4.4B Europe-Focused Fund

    Growth equity firm PSG Equity, advised by Ropes & Gray LLP, on Tuesday revealed that it wrapped its third Europe-focused fund with €4.4 billion ($5.1 billion) of investor commitments.

  • September 15, 2026

    Empery Digital Loses Bid To Appeal Proxy Fight Ruling In Del.

    The Delaware Chancery Court has refused to let digital asset company Empery immediately appeal a ruling requiring it to put an activist investor's director slate on the ballot, finding the post-trial decision did not raise a novel legal issue warranting review before final judgment in the case.

  • September 14, 2026

    Crypto Bill Faces Wide Criticism Ahead Of Initial Vote

    Senate Republicans on Monday faced obstacles to securing support for their final draft of the Clarity Act ahead of a Tuesday procedural vote to move the crypto bill forward, as Democrats, banking organizations, state law enforcers and even some crypto interests criticized the new version of the legislation as coming up short in key areas.

  • September 14, 2026

    NY Flags AI Models As Cyber Risk Review Factor For Banks

    A top New York regulator is urging the state's banks and insurers to stay on top of evolving cybersecurity threats, flagging the launch of powerful new artificial intelligence models as the kind of major market development that can necessitate updating their risk assessments.

  • September 14, 2026

    CFTC Touts 'Record' Year With $150M To Whistleblowers

    The U.S. Commodity Futures Trading Commission announced Monday it has handed out more than $150 million to whistleblowers over the past two months, and its general counsel said the agency is having a "record year" for awarding tipsters.

  • September 14, 2026

    FINRA Pressed To Tighten 'Finfluencer,' AI Communications

    A coalition of state regulators has urged the Financial Industry Regulatory Authority to more closely monitor how broker-dealers use social media and artificial intelligence to communicate with the public as FINRA considers providing its members with more leeway on customer outreach.

  • September 14, 2026

    Quinn Emanuel Ends Ex-Binance CEO Suit Over $1.5M Bill

    Quinn Emanuel has quietly dropped its lawsuit against former Binance CEO Changpeng Zhao, in which it asked a court in Washington, D.C., to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

  • September 14, 2026

    Latham, Skadden Prep Bamboo Insurance's $700M IPO Target

    Bamboo Insurance Services, a Utah home insurance company backed by European private equity firm CVC Capital Partners, unveiled plans Monday to raise up to $700 million in an upcoming initial public offering guided by Latham and Skadden.

  • September 14, 2026

    UBS Can't Nix Trust's Fee Claim Over Alleged Concealment

    A New York federal judge has trimmed a charitable trust's mismanaged funds suit against UBS, finding that the suit adequately pleads that the defendants concealed their alleged fraud but that no private right of action exists for breach of fiduciary duty claims under the Investment Advisers Act.

  • September 14, 2026

    Desktop Metal Noteholders Hit Nano With $115M Fraud Suit

    Twenty investment funds sued digital manufacturing company Nano Dimension Ltd. and another entity, alleging the two committed fraud when Nano merged with 3D printing defense contractor Desktop Metal and pushed the subsidiary into bankruptcy to dodge $115 million in debt.

  • September 14, 2026

    Dell-Backed Group Taking Baldwin Private In $7.7B Deal

    A group backed by Sequence Holdings and DFO Management, Michael Dell's family office, has agreed to acquire a majority interest in The Baldwin Group Inc. in a transaction valued at roughly $7.7 billion, including debt, with at least five law firms advising, Baldwin announced Monday.

  • September 11, 2026

    Ex-Edward Jones Adviser Gets 7 Years In Embezzlement Case

    A Georgia federal judge on Friday handed a prison sentence of just over seven years to a former Edward Jones investment adviser who prosecutors said embezzled an elderly client out of about $9.5 million.

  • September 11, 2026

    CVS Renews Bid To Escape Investors' AI Use Suit

    CVS Health Corp. wants a second shot at dismissing a lawsuit accusing it of inflating its revenues through the use of artificial intelligence, arguing investors haven't shown it was using the technology to deny prior authorization requests. 

  • September 11, 2026

    SEC Fines Canadian Firm $750K Over AML Reporting Failures

    A subsidiary of Canadian broker-dealer Haywood Securities Inc. will pay $750,000 to settle the U.S. Securities and Exchange Commission's claims it violated its own anti-money laundering policies by failing to submit certain suspicious activity reports, some of which involved known criminals.

  • September 11, 2026

    Prediction Markets' High Court Clash Looks More Imminent

    The widespread clash over whether the regulation of prediction markets falls under federal or state jurisdiction was bound to land in the U.S. Supreme Court, and a new circuit split and urgent policy questions may force the justices' hands to take up the issue.

  • September 11, 2026

    3 Firms Guide Firstborn Top Capital's $1.1B SPAC Merger

    ARC Group Acquisition I Corp., a Nasdaq-listed special purpose acquisition company, has agreed to acquire Malaysian private financing company Firstborn Top Capital in a deal that values the business at an implied enterprise value of nearly $1.1 billion.

  • September 11, 2026

    Don't Miss It: Cooley, Latham Steer Hot Deals

    A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals.

  • September 11, 2026

    Cooley, Investor Settle NJ Malpractice Suit Over Startup Deal

    Cooley LLP and an investor who had accused the firm of malpractice over a deal to invest in a dry-cleaning delivery startup have resolved the case, they told a New Jersey federal court this week.

  • September 11, 2026

    Ill. Judge Makes Adviser's $3.2M Loan Fraud Judgment Official

    An Illinois federal judge on Friday accepted a proposed judgment that will permanently bar a Chicago-based investment adviser from securities trading and require him to pay a $3.2 million disgorgement and civil penalty over an alleged high-return loan scheme.

Expert Analysis

  • What Cos. Should Do During Stay Of Nasdaq Delisting Rule

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    The U.S. Securities and Exchange Commission recently approved — and subsequently stayed — Nasdaq's $5 million market value threshold for continued listing, giving companies additional time to evaluate financing opportunities, communicate with investors and consider strategic alternatives, says Joseph Lucosky at Lucosky Brookman.

  • Prepping To Use Crypto Collateral Under Ohio Ownership Law

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    Ohio's digital asset law should ease the path to using cryptocurrency as collateral, and as the October effective date approaches, lenders should update their loan documentation and diligence processes to take advantage of the new control-based perfection rules, say attorneys at Kegler Brown.

  • SEC Rulemaking Radar: The Rubber Meets The Road

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    The U.S. Securities and Exchange Commission's new rulemaking agenda shows its regulatory reset taking shape, with sweeping crypto proposals that could bring the biggest changes it has made to broker-dealer, exchange and trading compliance in decades, says Christopher Grobbel at Goodwin.

  • CFPB Complaint Portal Overhaul Signals Changing Priorities

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    The Consumer Financial Protection Bureau's updates to its consumer complaint portal and decision to cease publishing consumer complaint narratives should be viewed by companies as one component of a larger recalibration of how the CFPB collects information and allocates its supervisory and enforcement resources, say attorneys at Cooley.

  • Series

    Being In A Band Made Me A Better Lawyer

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    Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

  • Notable Q2 Updates In Insurance Class Actions

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    After 2026's second quarter, there is more authority rejecting class certification on total loss valuation theories from courts at the federal circuit, federal district and state appellate level — along with a resolution of a novel issue of depreciation on a wildfire claim, says Kevin Zimmerman at BakerHostetler.

  • Series

    Law School's Missed Lessons: Surviving A Long Trial

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    Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-examination or closing argument, effectively handling the marathon of a lengthy trial requires the ability to maintain composure, organization and credibility with the jury, says Mihir Elchuri at Hirschler.

  • What B. Riley Dismissal Teaches About Governance Litigation

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    The same facts in litigation against B. Riley Financial produced three different outcomes in three courthouses, but the Court of Chancery's decision in Marchner v. B. Riley is the cleanest demonstration in years of why boards facing a government investigation often prepare for the wrong lawsuit, says Ashwin Ram at Buchalter.

  • Upping Fed, FDIC's Insider Loan Cap May Ease Bank Burdens

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    Coordinated Federal Deposit Insurance Corp. and Federal Reserve proposals to raise the 1970s-era cap for bank executives borrowing from their institutions represent a long-needed regulatory recalibration that would lighten compliance obligations caused by the outdated ceiling without diminishing the original protections against conflicts of interest, say attorneys at Ballard Spahr.

  • Series

    Going To Hardcore Shows Makes Me A Better Lawyer

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    While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are about community, focus, being prepared for the unexpected and managing chaos, says Isaac Natter at Fluet.

  • How Axing SEC Trade-Through Rule Could Reshape Markets

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    The proposed elimination of a Securities and Exchange Commission rule that mandates a price benchmark for equity securities trades could allow blockchain-based trades to compete with legacy frameworks in registered markets, potentially serving as a test case for updated regulatory models, say Alex Zozos at Superstate, and Lewis Rinaudo Cohen and Edward Leaf at Cahill Gordon.

  • What Regulatory 'Reputation Risk' Purge Means For Banks

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    Banks should expect closer scrutiny of account closures and service denials after federal regulators recently stripped "reputation risk" from supervisory guidance, and should tie customer decisions to documented, objective legal and financial criteria to protect against debanking-related enforcement, say attorneys at Troutman.

  • Navigating The Limits Of Calif. Justices' Public Pension Ruling

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    Despite the California Supreme Court's recent holding that counties and cities wield discretion over classification and salary decisions for their public retirement board staff, it is important to remember that such authority is not unchecked as unreasonable rejections remain subject to judicial review, say attorneys at Reed Smith.

  • NYDFS Swedbank Order Offers Lessons On Candor

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    The New York State Department of Financial Services' consent order with Swedbank reflects the department's broad view of its investigative authority, emphasizes transparency, and underscores the risks of intrusive investigations that can occur if a regulator believes that it was misled, say attorneys at Paul Hastings.

  • Rethinking Risk And Value In Private Credit Disputes

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    Private credit disputes will increasingly turn on whether lenders recognized enterprise-value risk and updated marks as borrower conditions changed, making valuation processes, trigger frameworks and portfolio oversight critical for investors and litigants, say Isil Erel at the Ohio State University and Farooq Javed at The Brattle Group.

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