Asset Management

  • December 04, 2025

    Mortgage Insurer Inks $650K Deal To End ERISA Suit

    A mortgage insurance company has agreed to pay $650,000 to close a worker's proposed class action filed in North Carolina federal court claiming its mismanagement of an employee retirement profit sharing plan caused a $1.3 million loss.

  • December 04, 2025

    Former Live Nation Workers See 401(k) Fee Suit Tossed

    A California federal judge tossed a suit from two Live Nation ex-workers alleging excessive fees in their employee 401(k) plan, following the Ninth Circuit in August saying the workers hadn't specifically appealed the lower court's holding that the ticket sales company could enforce a class action waiver.

  • December 04, 2025

    VC Firm Nexus Wraps $700M Fund To Invest In Tech Startups

    Silicon Valley venture capital firm Nexus Venture Partners on Thursday revealed that it closed its eighth fund after securing $700 million of investor commitments.

  • December 04, 2025

    KKR-Led Group Sells Stake In Tokyo Hotel, Plus More Rumors

    A group led by private equity behemoth KKR sold its stake in a luxury Tokyo hotel for $800 million, Blackstone is considering dropping its bid for British self-storage company Big Yellow Group, and Australian metals and mining company BHP Group offered to buy British mining company Anglo American for £40 billion ($53 billion) before nixing its offer.

  • December 03, 2025

    CFPB Moves To Slash $5M Biden-Era Student Loan Trust Deal

    The Consumer Financial Protection Bureau has moved to significantly scale back its $5 million Biden-era settlement of a student loan servicing case in Pennsylvania federal court, agreeing to a plan that would drop most of its requirements for borrower relief.

  • December 03, 2025

    5th Circ. Skeptical Ex-NFL Player Can Keep $1.86M Fee Award

    A Fifth Circuit panel expressed skepticism that ex-NFL running back Michael Cloud can collect $1.86 million in attorney fees from the National Football League's retirement plan, saying Wednesday that even if Cloud won a "moral victory," he needed a merits victory to collect the fees.

  • December 03, 2025

    Binance User Gets New Shot At Suit Over 1,400 Bitcoin Theft

    A Florida state appeals court Wednesday reversed the dismissal of a suit brought against Binance by a Dubai resident claiming the cryptocurrency exchange failed to take adequate steps to stop the theft of 1,400 bitcoin in a phishing scam.

  • December 03, 2025

    Baxter Defeats Suit Over Stable Value Fund In $4B 401(k) Plan

    An Illinois federal judge tossed a suit Wednesday from a worker who said medical products company Baxter International Inc. violated federal benefits law by retaining a lackluster stable value fund in its $4 billion retirement plan, ruling the data backing his case failed to capture long-term performance.

  • December 03, 2025

    Archegos Founder Says Davis Polk Job Offer Taints Restitution

    Archegos founder Bill Hwang, who is serving an 18-year sentence for defrauding banks out of billions of dollars in loans used to manipulate the market, asked to vacate his restitution order because the presiding judge's clerk accepted a job with Davis Polk & Wardwell LLP, which represents victim-bank Morgan Stanley.

  • December 03, 2025

    Novartis, Swiss Marketer Want Out Of Trade Secrets Suit

    A Swiss marketing company and its founder have joined pharmaceutical giant Novartis in asking a Manhattan federal judge to release them from a hedge fund's suit accusing the founder of brokering business meetings with Novartis in a scheme to steal its strategy, claiming the suit is merely an attempt to punish Novartis for placing money with a competitor.

  • December 03, 2025

    Class Counsel Win $17.5M Cut Of Pentegra $48.5M ERISA Deal

    A New York federal court gave its final sign-off to a $48.5 million settlement between Pentegra Retirement Services and employee 401(k) plan participants who alleged mismanagement, and also approved class counsel's request for a $17.5 million cut of that sum for attorney fees and litigation expenses.

  • December 03, 2025

    5th Circ. Skeptical Of Swindler Texas Atty's 50-Year Sentence

    A Fifth Circuit panel seemed dubious of the government's argument that a former Texas lawyer at the center of a sweeping Ponzi scheme knew he was agreeing to a 50-year stint in prison by pleading guilty, saying Wednesday that nobody signs up to die in prison.

  • December 03, 2025

    FINRA Fines Firm $1M Over Mutual Fund Supervision Issues

    The Financial Industry Regulatory Authority has ordered Securities America Inc. to pay a $1 million fine and roughly $2 million in restitution to customers for allegedly failing to reasonably supervise certain mutual fund recommendations that allegedly resulted in customers paying unnecessary fees and following recommendations that were not in their best interests.

  • December 03, 2025

    MVP: Proskauer's Chip Parsons

    Chip Parsons of Proskauer Rose LLP worked with alternative investment management giant Ares Management Corp. in closing a $34 billion direct lending fund, helped software investment firm Thoma Bravo expand its credit business and advised private credit solutions manager Antares Capital on its first continuation vehicle, earning him a spot as one of the 2025 Law360 Fund Formation MVPs.

  • December 03, 2025

    Polsinelli Crypto Co-Leader Joins Duane Morris In Miami

    A former co-leader of Polsinelli PC's blockchain and cryptocurrency practice has joined Duane Morris LLP in Miami, the firm announced Wednesday.

  • December 03, 2025

    StoreDot, Andretti SPAC Ink $800M Fast-Charge Battery Deal

    StoreDot Ltd., an Israeli developer of fast-charging electric vehicle batteries, has struck an $800 million deal to go public through a merger with Andretti Acquisition Corp. II, according to a Wednesday announcement, betting that its technology can cut EV charging times to mere minutes.

  • December 03, 2025

    2 Firms Advise As Marvell Inks Up To $5.5B Celestial AI Deal

    Wilson Sonsini Goodrich & Rosati PC and Latham & Watkins LLP are advising Marvell Technology and Celestial AI, respectively, on an up to $5.5 billion deal that will expand Marvell's position in high-speed connectivity for artificial intelligence data centers.

  • December 03, 2025

    Home Contractor Platform Changes Hands In $190M Deal

    California technology company QuinStreet Inc. said Wednesday it will pay a total of $190 million to acquire HomeBuddy, a homeowner-focused digital marketplace for home improvement contractors.

  • December 03, 2025

    Ares Plugs $350M Into MGT, Valuing Biz At $1.25B

    Technology and advisory solutions firm MGT on Wednesday announced that it secured a $350 million investment from private equity giant Ares Management Corp., sending the company's valuation soaring to $1.25 billion.

  • December 03, 2025

    Ropes & Gray Advises $4.6B Sculptor Real Estate Fund Close

    Asset manager Sculptor Capital Management said Wednesday that it has closed an oversubscribed fund at $4.6 billion targeting nontraditional real estate investments.

  • December 02, 2025

    9th Circ. Tosses Tesla Investor Suit Over Self-Driving Tech

    The Ninth Circuit on Tuesday affirmed the dismissal of a suit against Tesla Inc. and its CEO Elon Musk claiming they deceived investors about the capabilities and safety record of the company's self-driving technology, finding the investors failed to plead any actionable false statements, among other issues.

  • December 02, 2025

    SDNY Head Backs Good Deals For Quick Cooperation By Cos.

    Manhattan U.S. Attorney Jay Clayton on Tuesday said he's prepared to offer "real benefits" to corporations facing criminal investigations if they quickly agree to cooperate and compensate victims, ideally in the form of comprehensive, government-wide resolutions.

  • December 02, 2025

    Banking Regulators Pledge Basel Reset Amid Capital Rethink

    Federal banking regulators told House lawmakers Tuesday that they are committed to advancing a fully rebuilt Basel III endgame rule that won't disrupt bank lending or gold-plate its requirements, although they stopped short of promising a capital-neutral result.

  • December 02, 2025

    Democratic Sens. Press 21 Credit Unions On Overdraft Fees

    A trio of Democratic U.S. senators are pressing various credit unions for data and information on their policies concerning fees charged to customers who overdraft or have insufficient funds, in light of the National Credit Union Administration's decision to stop publishing overdraft data, among other things.

  • December 02, 2025

    Vanguard Investors' Attys Seek $8.3M Fee

    Attorneys representing investors that settled with Vanguard for $25 million to end claims the company improperly triggered an asset sell-off that damaged investors asked a Pennsylvania federal court on Tuesday to award them $8.3 million in fees in addition to other expenses.

Expert Analysis

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    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.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    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.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    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.

  • Why Fla. Ruling Is A Call To Action For Foreclosure Counsel

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    A Florida state court's recent decision in Open Range Properties v. AmeriHome Mortgage has sent ripples through the banking industry and the legal community, and signals a new era of heightened scrutiny and procedural rigor in foreclosure litigation, says Andrew McBride and Adams & Reese.

  • What To Expect As Trump's 401(k) Order Materializes

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    Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • 'Solicit' Ruling Offers Proxy Advisers Compliance Relief

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    The D.C. Circuit recently found that proxy voting advice does not fall under the legal definition of "solicitation," significantly narrowing the U.S. Securities and Exchange Commission's regulatory power over such advisers, offering stability to the proxy advisory industry and providing temporary relief from new compliance burdens, say attorneys at Sheppard Mullin.

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • Navigating Brazil's Regulations, Incentives For Green Projects

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    Brazil's evolving environmental regulatory framework and ongoing moves to attract international capital for climate-focused projects may appeal to U.S.-based companies and investors interested in sustainable development — but taking advantage of these opportunities requires careful planning and meaningful stakeholder engagement, says Milena Angulo at Guimarães.

  • Series

    Adapting To Private Practice: From Texas AUSA To BigLaw

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    As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.

  • What FDIC's Asset Threshold Raise Would Mean For Banking

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    If the Federal Deposit Insurance Corp. goes through with its plan to raise asset thresholds that determine regulatory intensity, it could free billions in compliance costs and bolster regional and community banks, but risk of oversight gaps are making this a contested area in banking policy, says Jessica Groza at Kohr Jackson.

  • 2nd Circ. Ruling Gives Banks Shield From Terrorism Liability

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    A recent Second Circuit dismissal strengthens the position of international banks facing claims they indirectly helped terrorist organizations and provides clearer guidance on the boundaries of secondary liability, but doesn't provide absolute immunity, say attorneys at Freshfields.

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