Asset Management

  • September 11, 2026

    Ex-Tech Co. Workers Nab Class Cert. In 401(k) Fee Suit

    A duo of former NCR Corp. workers can represent a 15,000-member class in their lawsuit accusing the company's retirement plan committee of saddling the employee 401(k) plan with excessive recordkeeping fees, a Georgia federal judge ruled.

  • September 11, 2026

    Social Media-Focused Fund Founder Bilked Clients, Feds Say

    A New York City hedge fund manager lulled clients into keeping millions of dollars invested with his social media- and crowdsourcing-focused business by reporting high rates of return that were not real, federal prosecutors charged Friday.

  • September 10, 2026

    Bankman-Fried Asks Justices To Review His Fraud Conviction

    Incarcerated FTX founder Sam Bankman-Fried urged the U.S. Supreme Court on Thursday to review the Second Circuit's decision affirming his fraud conviction and $11 billion forfeiture order, saying now is the time to resolve whether evidence of fraud victims' losses belongs in fraudulent-inducement prosecutions and whether his "crushing fine" is constitutional.

  • September 10, 2026

    Treasury Clearinghouse's Stress Fund Delayed By SEC Review

    The U.S. Securities and Exchange Commission said Thursday it needs more time to determine whether an agency that clears U.S. Treasury securities can set up a new fund to mitigate against member bankruptcy, with smaller brokerage firms complaining they would be forced to foot the bill for the clearinghouse's largest members.

  • September 10, 2026

    Latest Crypto Bill Draft Updates DeFi Rules But Not Ethics

    Sen. Cynthia Lummis, R-Wyo., on Thursday shared an updated draft of the Clarity Act that tweaked the crypto market structure bill's provisions around decentralized finance but left unaltered ethics language critical to winning Democrat support ahead of next week's cloture vote.

  • September 10, 2026

    Fed Colluded With Wall Street On New Capital Rules, Suit Says

    The Federal Reserve Board and its vice chair for supervision, Michelle Bowman, were sued on Thursday by Wall Street reform group Better Markets Inc., which alleges Bowman secretly met with the heads of Wall Street giants to manipulate the newly proposed U.S. bank capital rules.

  • September 10, 2026

    Insurer Wants Quick 8th Circ. 401(k) Forfeiture Suit Appeal

    UnitedHealth Group asked a Minnesota federal court to allow a quick appeal of the court's June decision refusing to completely toss allegations that the company misallocated forfeitures from an employee 401(k) plan, arguing differing opinions on the validity of the claims nationwide justified early Eighth Circuit review.

  • September 10, 2026

    Ill. Bond Trader Gets 16 Years For $30M Firm-Tanking Fraud

    A former Illinois bond trader who was convicted of a $30 million fraud scheme that shuttered his Atlanta-based former employer has been sentenced to more than 16 years in federal prison, according to case filings entered Thursday.

  • September 10, 2026

    AI Biz Motive Secures $1.3B From General Catalyst

    Artificial intelligence company Motive on Thursday announced that it secured over $1.3 billion in growth financing, which will be used to boost its platform and scale its go-to-market teams.

  • September 10, 2026

    TPG, Blue Owl, CVC Exploring Deals, And More Rumors

    Private equity firm TPG may be looking to sell Lyric, which could value the healthcare software company at $5 billion; asset manager Blue Owl Capital is exploring the launch of a real estate investment trust; and CVC Capital Partners could sell personal care company Arthea at a $2 billion valuation. 

  • September 10, 2026

    Frazier Life Sciences Adds $1.1B To Its Public Fund

    Healthcare-focused investment firm Frazier Life Sciences, advised by Kirkland & Ellis LLP, on Thursday revealed that it has closed on more than $1.1 billion of new capital commitments for its Public Fund.

  • September 09, 2026

    Texas Justices Deny Bid To Undo $37M Arbitration Award

    The Texas Supreme Court on Wednesday declined to take up a bid by a Dallas-based alternative investment company seeking to toss a $37 million arbitration award in favor of the company's former director.

  • September 09, 2026

    Liberty Mutual Gets Green Light For $13.4M 401(k) Suit Deal

    A Massachusetts federal judge on Wednesday signed off on a $13.4 million settlement that wraps up a lawsuit accusing Liberty Mutual of loading its employee 401(k) plan with excessive fees and underperforming investments.

  • September 09, 2026

    3 Firms Build Peterson Partners' $510M Continuation Fund

    Salt Lake City-based private equity shop Peterson Partners LLC on Wednesday revealed that it has raised $510 million for a single-asset continuation vehicle that will allow the firm to maintain its position in mechanical contractor Kelso Industries.

  • September 09, 2026

    Biz Group Says Centene 401(k) Suit Threatens Investor Choice

    The U.S. Chamber of Commerce supported Centene Corp.'s effort to toss a suit claiming it mismanaged its $4.7 billion retirement plan through excessive management fees and opaque trusts, arguing the suit is improperly attempting to cast certain investment vehicles as inherently untrustworthy.

  • September 09, 2026

    Nuclear Energy Firm HGP Going Public Via $1.2B SPAC Deal

    Energy infrastructure developer HGP Intelligent Energy LLC has unveiled plans to go public by merging with special purpose acquisition company Meshflow Acquisition Corp. in a deal that boasts a pro forma equity value of roughly $1.2 billion and was built by three law firms.

  • September 09, 2026

    Class Settlement MDL Plaintiffs Say Cos. Hinder Disclosure

    Plaintiffs in a sprawling multidistrict case accusing class action settlement administrators of hiding kickbacks from financial institutions are accusing the defendant companies of stalling prediscovery planning through "piecemeal and inadequate" disclosures and are asking the D.C. federal judge presiding over the case to order disclosures.

  • September 09, 2026

    DOJ Deepens Probe Into Fox's $22B Roku Deal

    Fox Corp. and Roku disclosed Wednesday that the U.S. Department of Justice has launched an in-depth probe into Fox's purchase of Roku, stalling their ability to close the deal until the investigation wraps.

  • September 09, 2026

    Lowenstein Sandler Adds ExodusPoint GC As NY Partner

    Lowenstein Sandler LLP has expanded its investment management and private funds group by adding a pair of attorneys in New York, including an incoming partner with both in-house and BigLaw experience.

  • September 09, 2026

    J.P. Morgan Asset Management Wraps $1.1B Real Estate Fund

    J.P. Morgan Asset Management on Wednesday announced that it closed its latest real estate fund with $1.1 billion in tow.

  • September 09, 2026

    Faulty Fee Comparisons Doom Ameritas Workers' 401(k) Suit

    Life insurance giant Ameritas defeated a proposed class action alleging an employee 401(k) plan was saddled with excessive fees, after a Nebraska federal judge held workers' allegations that management lapses cost millions failed to state a claim for violating federal benefits law.

  • September 09, 2026

    Troutman, Wachtell Guide $8.1B IRT-Centerspace REIT Merger

    Independence Realty Trust Inc. and Centerspace said Wednesday they have agreed to merge in an all-stock deal that would value the combined entity at about $8.1 billion, including debt, with Troutman Pepper Locke LLP and Wachtell Lipton Rosen & Katz advising.

  • September 08, 2026

    Freddie Mac Asks 6th Circ. To Rehear Financial Crisis Case

    Freddie Mac is urging the Sixth Circuit to reconsider its recent revival of a shareholder lawsuit dating to the 2008 financial crisis, arguing an appellate panel "usurped" the lower court's authority by allowing investors to argue for class certification a third time.

  • September 08, 2026

    Simpson Thacher-Led Cinven Wraps €2.3B Strategic Fund

    Simpson Thacher & Bartlett LLP-led private equity shop Cinven revealed Tuesday that it closed its second strategic fund after raising €2.3 billion ($2.7 billion) of committed capital.

  • September 08, 2026

    Biz Groups Ask 8th Circ. To Nix Wells Fargo ERISA Suit

    The U.S. Chamber of Commerce and two benefit advocacy groups urged the Eighth Circuit to back the dismissal of a suit claiming Wells Fargo allowed a pharmacy benefit manager to overcharge workers for generic drugs, arguing that employers shouldn't be penalized for general gripes about healthcare costs.

Expert Analysis

  • CFPB Complaint Portal Overhaul Signals Changing Priorities

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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.

  • How To Limit Trading Risk When AI Accesses Nonpublic Info

    Author Photo

    Financial firms' increasing adoption of artificial intelligence raises questions about how to control AI tools' access to nonpublic information to mitigate the risk of a trading, surveillance or enforcement problem, but designing policies to prevent misuse may help, say attorneys at Skadden.

  • Lessons From 5 Months Of DOJ Corporate Policy Deals

    Author Photo

    Recent declinations and prosecution agreements between the U.S. Department of Justice and corporations since the March unveiling of the corporate enforcement and voluntary disclosure policy provide takeaways for management considering how to respond to corporate misconduct, says Brendan Quigley at Baker Botts.

  • 5 Financial Statement Fraud Red Flags To Spot Post-Sripetch

    Author Photo

    The U.S. Supreme Court recently held in Sripetch v. U.S. Securities and Exchange Commission that disgorgement exists to strip a wrongdoer of unjust enrichment, not merely to compensate victims for what they lost, shifting the work at the center of securities fraud cases in five ways, says Rand Manasse at Green Lane Partners.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Asset Management archive.