Asset Management

  • September 17, 2026

    StraightPath-Linked Stockbroker Gets 4.5 Years For Fraud

    A New York federal judge has sentenced a former Long Island stockbroker to 4.5 years in prison, after he admitted to duping investors as he and others hawked nearly $200 million of pre-initial public offering shares, including for fraud-ridden vendor StraightPath.

  • September 16, 2026

    Goldman Unit Funded Compass Lexecon Raid, Suit Says

    FTI Consulting Inc. and its subsidiary Compass Lexecon have asked a Maryland federal judge to add a Goldman Sachs unit to a long-running suit alleging two former Compass Lexecon employees broke away from the firm and founded a competitor that unlawfully poached clients and talent from the FTI subsidiary using capital from Goldman.

  • September 16, 2026

    State Bank Supervisor Group Issues AI Exam Framework

    The Conference of State Bank Supervisors on Wednesday unveiled a new oversight framework for artificial intelligence at financial firms, rolling out resources aimed at giving state examiners a common roadmap for reviewing how their regulated institutions are deploying the technology.

  • September 16, 2026

    1st Circ. Seems Torn Over Health Plan Surcharge For Smokers

    A First Circuit panel appeared divided Wednesday over whether a casino company is required to refund tobacco use fees after smokers on the company's health plan complete a tobacco cessation program.

  • September 16, 2026

    Troutman, Latham Lead $585M Midstream Assets Sale

    Private midstream company Silver Creek Midstream Holdings LLC, advised by Troutman Pepper Locke LLP, on Wednesday revealed that it is selling its Powder River Basin crude oil midstream assets to Latham & Watkins LLP-advised Plains All American Pipeline LP and Plains GP Holdings in a deal valued at roughly $585 million.

  • September 16, 2026

    Liberty Mutual Escapes Suit Over Forfeited 401(k) Funds

    Liberty Mutual dodged a proposed class action alleging it unlawfully used forfeited 401(k) funds to benefit itself rather than covering expenses paid by plan participants, with a California federal judge finding the plan's terms required the money to be used to offset future employer contributions.

  • September 16, 2026

    DLA Piper, Latham Steer $1.4B Driverless Vehicle SPAC Deal

    May Mobility and blank check company ACP Holdings Acquisition Corp. said Wednesday they have agreed to merge in a deal that would take the autonomous vehicle technology company public at a $1.4 billion pro forma enterprise value.

  • September 16, 2026

    Debevoise-Led Portage Wraps $600M Venture Fund

    Debevoise & Plimpton LLP-advised financial technology investment platform Portage on Wednesday revealed that it clinched its fourth fund after securing $600 million of investor commitments.

  • 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.

Expert Analysis

  • Parsing Who Gets The Track Record In A Venture Partner Split

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    A recent California federal court order in TEEC Angel Management v. Tsingyuan Ventures allowing Lanham Act claims to proceed confirms that the question of who gets to tell the story of a shared win is now being litigated as false advertising instead of industry professional etiquette, says Ben Dubin at VC Expert Services.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • 3rd Circ. ERISA Ruling Stresses Process Over Perfect Returns

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    The Third Circuit's recent decision in Quest Diagnostics affirms that a sound fiduciary process — not perfect investment returns — defeats Employee Retirement Income Security Act claims, signaling that courts will keep scrutinizing how fiduciaries decide, and sponsors who can show their work should remain protected, say attorneys at Nixon Peabody.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • Opinion

    Shareholder Derivative Litigation Needs A Better Framework

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    Uncoordinated, multiforum shareholder derivative litigation is a growing issue for corporate defendants that have little to no recourse for organizing and consolidating actions, but several commonsense steps should be utilized to preempt such disputes, say attorneys at Sullivan & Cromwell.

  • 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.

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