Asset Management

  • December 05, 2025

    OCC, FDIC Scrap Obama-Era Leveraged Lending Guidance

    The Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. on Friday formally withdrew from Obama-era guidance that sought to tighten bank leveraged lending standards, a policy that banks argued hamstrung them against nonbank rivals.

  • December 05, 2025

    Iraqi Kurdish Gov't To Fight Immunity Ruling In $490M Feud

    The Kurdistan Regional Government of Iraq will appeal a ruling denying its sovereign immunity defense in litigation filed by a subsidiary of Kuwaiti logistics firm Agility Public Warehousing Co. to enforce a $490 million judgment against it.

  • December 05, 2025

    BofA Says Northrop 401(k) Suit Toss Backs 4th Circ. Appeal

    Bank of America urged a North Carolina federal court Friday to let it appeal an earlier decision denying dismissal of a proposed class action alleging forfeitures were misspent from workers' employee 401(k) plan, arguing a Virginia federal court's decision tossing similar claims against Northrop Grumman supported its bid.

  • December 05, 2025

    ERISA Recap: 4 Rulings Worth Paying Attention To From Nov.

    The Ninth Circuit striking down a class action win for transgender employee health plan participants who said their gender-affirming care denials were discriminatory is just one noteworthy Employee Retirement Income Security Act ruling from November. Here's a recap of that ruling and three others.

  • December 05, 2025

    Cancer Detection Biz Going Public Via $1.1B SPAC Merger

    Cancer detection company Freenome Holdings Inc. announced plans Friday to go public through a merger with special purpose acquisition company Perceptive Capital Solutions Corp. in a deal that gives the combined business a post-transaction equity value of $1.1 billion and was built by three law firms.

  • December 05, 2025

    2nd Circ. Backs Ex-Goldman Exec's 1MDB Conviction

    Former Goldman Sachs managing director Roger Ng's attempt to overturn his conviction in the $6.5 billion 1MDB corruption scheme hit a wall Friday at the Second Circuit, where a panel categorically rejected his multipronged appeal.

  • December 05, 2025

    Paul Hastings Steers ITT's $4.8B Purchase Of Lone Star's SPX

    Paul Hastings is guiding ITT Inc. on an agreement to acquire industrial equipment maker SPX Flow Inc. from Lone Star Funds for $4.775 billion in cash and stock, according to an ITT announcement Friday.

  • December 04, 2025

    1st Spot Crypto Market To Launch Amid CFTC 'Crypto Sprint'

    Derivatives exchange Bitnomial said Thursday it is poised to launch the first spot crypto exchange regulated by the U.S. Commodity Futures Trading Commission, with guidance from Katten Muchin Rosenman LLP.

  • December 04, 2025

    Solmate To Acquire RockawayX, Creating 'Crypto Giant'

    Solmate Infrastructure, formerly known as Irish sports ownership holding company Brera Holdings, announced Thursday it has entered into a business combination with the blockchain arm of venture capital firm Rockaway Capital, RockawayX.

  • December 04, 2025

    2nd Circ. Restores Ex-Union Boss' Bribery Sentence

    The Second Circuit on Thursday ordered a Manhattan federal court to reinstate a nearly five-year prison sentence for a former boss in New York City's largest correction officers union, saying disparities between his bribery sentence and those given to his co-defendants didn't warrant his early release.

  • December 04, 2025

    Crenshaw Blasts SEC Short-Selling Rules Deadline Extension

    The U.S. Securities and Exchange Commission's outgoing, lone Democratic commissioner has criticized the agency's decision to extend the compliance dates for a pair of Biden-era regulations aimed at bolstering transparency in the short-selling market, calling the move a "repeal by extension."

  • December 04, 2025

    9th Circ. Says ERISA Preempts UnitedHealth Claims Fight

    The Ninth Circuit on Thursday backed a California federal court's decision to toss a medical collector's allegations of underpaid claims and state contract law violations by a UnitedHealth Group unit, agreeing that the Employee Retirement Income Security Act preempted the collector's suit.

  • December 04, 2025

    11th Circ. Won't Rehear NCR Corp. Compensation Fight

    The Eleventh Circuit denied on Wednesday software company NCR Corp.'s request to rehear a case in which the court ruled that the company cannot issue lump-sum payments to deferred compensation plan participants as alternatives to promised life annuities.

  • December 04, 2025

    MVP: Simpson Thacher's Rony Rothken

    Rony Rothken, a partner in Simpson Thacher & Bartlett LLP's New York City office, was on the team leading British private equity shop ICG in raising its fifth general partner-led secondaries fund, securing $11 billion of capital commitments, and also advised private equity giant Blackstone on its $10.8 billion European real estate fund, earning him a spot as one of the 2025 Law360 Fund Formation MVPs.

  • December 04, 2025

    Cayman Parent Of Canterbury Securities Files Ch. 15 Case

    The Cayman Islands parent company of Chapter 15 debtor Canterbury Securities filed for its own insolvency case late Wednesday in New York, with the same joint liquidators seeking recognition of a foreign proceeding in the new case.

  • December 04, 2025

    26North Scoops $885M Kitchen Unit Stake As 2 Firms Advise

    Kirkland & Ellis LLP and Skadden Arps Slate Meagher & Flom LLP are advising on 26North Partners LP's agreement to buy a 51% stake in the residential kitchen business of The Middleby Corp. at an $885 million value, according to a Thursday announcement. 

  • 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.

Expert Analysis

  • Series

    Building With Lego Makes Me A Better Lawyer

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    Building with Lego has taught me to follow directions and adapt to unexpected challenges, and in pairing discipline with imagination, allows me to stay grounded while finding new ways to make complex deals come together, says Paul Levin at Venable.

  • SEC Focused On Fraud As Actions Markedly Declined In 2025

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    The U.S. Securities and Exchange Commission's enforcement activity in its fiscal year 2025 was its lowest in 10 years, reflecting not only a significant decline in the commission's workforce, but also Chairman Paul Atkins' stated focus on fraud and individual wrongdoing and a new approach to crypto regulation, say attorneys at Covington.

  • Series

    Law School's Missed Lessons: Networking 101

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    Cultivating a network isn't part of the law school curriculum, but learning the soft skills needed to do so may be the key to establishing a solid professional reputation, nurturing client relationships and building business, says Sharon Crane at Practising Law Institute.

  • Defeating Estoppel-Based Claims In Legal Malpractice Actions

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    State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.

  • How Cos. Can Prep For Tightened Calif. Data Breach Notices

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    Amid California's recent enactment of S.B. 446, which significantly amends the state's data breach notification laws, companies should review and update their incident response plans by establishing processes to document and support any delayed notification, and ensure the notifications' accuracy, say Mark Krotoski and Alexandria Marx at Pillsbury.

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • How 9th Circ. Ruling Deepens SEC Disgorgement Circuit Split

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    The Ninth Circuit's recent decision in U.S. Securities and Exchange Commission v. Sripetch creates opposing disgorgement rules in the two circuits where the SEC brings a large proportion of enforcement actions — the Second and Ninth — and increases the likelihood that the U.S. Supreme Court will step in, say attorneys at Cahill Gordon.

  • SEC Crypto Custody Relief Offers Clarity For Funds

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    A recent U.S. Securities and Exchange Commission staff letter supplies a workable path for registered investment advisers and funds seeking to offer crypto custody services by using state trust companies, and may portend additional useful guidance regarding crypto custody, say attorneys at Morgan Lewis.

  • DOJ's UnitedHealth Settlement Highlights New Remedies Tack

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    The use of divestitures and Hart-Scott-Rodino Act compliance in the recent U.S. Department of Justice settlement with UnitedHealth Group and Amedisys underscores the DOJ Antitrust Division's willingness to utilize merger remedies under the second Trump administration, say attorneys at Buchanan Ingersoll.

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