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Asset Management
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November 26, 2025
4th Circ. Clears Lender In Kuwaiti Royal Fraud Case
World Business Lenders LLC secured a modest windfall in the Fourth Circuit on Wednesday after a panel said the small business lender was not "willfully blind" to financial fraud against a member of the Kuwaiti royal family and reversed a lower court's judgment that ordered WBL to pay over $704,000 in compensatory and punitive damages.
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November 26, 2025
Spain Seeks Pause On €77M Blasket Award Enforcement
Spain has asked a D.C. federal court to pause efforts by Blasket Renewable Investments LLC to enforce a €77 million ($89 million) arbitral award while the country waits for the U.S. Supreme Court to decide whether to review a related case.
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November 26, 2025
Robinhood, Susquehanna Eye Prediction Market Expansion
Robinhood Markets is planning to beef up its prediction market offerings by partnering with Susquehanna International Group to acquire and stand up a regulated derivatives exchange and clearinghouse.
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November 26, 2025
Oil Trader Says No Jail Needed After Co.'s $191M Bribery Fine
A former Connecticut oil trader convicted of laundering money and paying bribes to an official at Brazilian oil giant Petroleo Brasileiro SA has sought a sentence of probation, citing the U.S. government's "significant rollback" of Foreign Corrupt Practices Act enforcement.
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November 26, 2025
GTCR Drops FTC Constitutional Challenge Over Merger Case
GTCR BC Holdings LLC has agreed to dismiss its constitutional claims against the Federal Trade Commission after enforcers dropped their case challenging the private equity firm's $627 million purchase of medical device coatings company Surmodics Inc.
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November 26, 2025
Nukkleus Exec's SPAC Begins Trading After $150M IPO
A special purpose acquisition company led by the CEO of defense company Nukkleus began trading publicly on Wednesday after raising $150 million in its initial public offering built by three law firms.
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November 26, 2025
Ex-Amarin CEO Loses Suit Over Ouster After Proxy Fight
A New Jersey federal judge on Wednesday tossed a lawsuit against Amarin Pharmaceuticals Inc. from its former CEO over his removal, finding that the allegations did not amount to "good cause" under Swiss law and that no qualifying "change of control" occurred to trigger severance benefits.
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November 26, 2025
3 Firms Guide Sports Biz Enhance's $1.2B SPAC Merger
Sports competition and performance products company Enhanced Ltd. on Wednesday announced plans to go public through a merger with special purpose acquisition company A Paradise Acquisition Corp. in a deal that values the business at $1.2 billion and was built by three law firms.
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November 26, 2025
Brookfield, GIC Bid $2.6B For Australian Storage REIT
National Storage REIT confirmed that it has received a AU$4.06 billion ($2.61 billion) buyout offer from Brookfield Property Group and GIC Investment Pty Ltd, a deal guided by Clayton Utz and Ashurst.
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November 26, 2025
Coinbase Insiders Sued In Del. For Billions After Hack Losses
Stockholders of Coinbase Global Inc. have again sued the crypto giant in Delaware's Court of Chancery, in a second derivative suit seeking recoveries for billions in alleged inside trading by fiduciaries of the now-Texas-chartered company and claiming multiple failures to prevent high-risk customer actions.
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November 26, 2025
6 December Argument Sessions Benefits Attys Should Watch
Workers who say Prudential mismanaged their retirement savings will ask the Third Circuit to reinstate their class action, while a union pension fund will ask the Eighth Circuit to put General Electric back on the hook for a $230 million in pension withdrawal liability. Here's a look at six upcoming oral argument sessions benefits attorneys should have on their radar.
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November 25, 2025
ISS Updates Policy For Climate Change, Diversity Proxy Bids
Proxy advisory firm Institutional Shareholder Services Inc. indicated Tuesday it has updated its policies for backing controversial shareholder proposals on corporate proxy ballots, opting to endorse diversity and climate change-related proposals on a case-by-case basis starting next year.
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November 25, 2025
Feds Advance Plans To Dial Back Leverage Capital Rules
Federal regulators on Tuesday signed off on changes that will ease a key capital backstop for the biggest banks and unveiled a separate proposal to relax a simplified, optional capital standard for smaller banks.
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November 25, 2025
Delta Retirees Seek Court Clearance For Benefits Class Action
A retired flight attendant accusing Delta Air Lines Inc. of shorting married pensioners on retirement benefits by miscalculating lump-sum payouts asked a Nevada federal court to grant her case class action status, arguing the roughly 3,000-strong group she proposed had enough in common to warrant certification.
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November 25, 2025
Sustainability-Focused SPAC Invest Green Raises $150M
Special purpose acquisition company Invest Green Acquisition began trading publicly on Tuesday after raising $150 million in its initial public offering built by Greenberg Traurig LLP, Mourant Ozannes (Cayman) LLP and Pillsbury Winthrop Shaw Pittman LLP.
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November 25, 2025
Bridgepoint Buys Majority Stake In Crypto Audit Firm
Middle-market private equity firm Bridgepoint Group, led by Cleary Gottlieb Steen & Hamilton LLP, on Tuesday revealed plans to take a majority stake in British digital asset assurance and technology solutions provider ht.digital, led by Dentons.
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November 25, 2025
Katten Adds Private Credit Pro From Winston & Strawn
Katten Muchin Rosenman LLP has added a former Winston & Strawn LLP attorney to bolster its private credit practice and capacity to advise clients about various types of financing.
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November 25, 2025
Veralto Nabs In-Situ Water Quality Biz In $435M Deal
Water industry company Veralto on Tuesday announced plans to acquire water quality company In-Situ in a $435 million deal, subject to customary closing adjustments.
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November 25, 2025
DOL Seeks To End 5th Circ. Fiduciary Rule Battle
The U.S. Department of Labor asked the Fifth Circuit to dismiss two appeals defending a package of Biden-era investment advice regulations that had expanded the definition of a fiduciary under the Employee Retirement Income Security Act, which two Texas courts had blocked in 2024.
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November 24, 2025
Investor Alleges Real Estate Fund Fraud In Del. Suit
Alleging Ponzi scheme-like conduct, limited partners in Florida-based Whitestone Real Estate Fund III (GP) accused the business and its affiliates of shuffling through hundreds of related party transactions without board approval, in an 11-count Delaware Court of Chancery suit that includes fraud claims and seeks appointment of a receiver.
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November 24, 2025
Digital-Focused SWB To Go Public Via $8.1B SPAC Merger
Financial services firm SWB announced Monday that it plans to go public through an $8.1 billion business combination deal shepherded by teams at Sichenzia Ross Ference Carmel LLP and Ellenoff Grossman & Schole LLP, which will lay the foundation for the firm's plans to issue a stablecoin and launch a novel international bank.
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November 24, 2025
Teamsters Health Plan Wants Data Breach Suit Tossed
A Massachusetts federal judge should toss a proposed class action accusing a Teamsters healthcare plan of failing to protect plan participants' personal information, the plan argued, seeking dismissal of a suit that seeks to hold the plan liable for an August data breach.
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November 24, 2025
Firstrust Savings Bank Hit With 401(k) Investment Suit
A former Firstrust Savings Bank employee has brought class claims against the bank, alleging it mismanaged workers' retirement savings plans by making employees invest in the bank's underperforming proprietary fund.
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November 24, 2025
Credit Suisse Denies Role In Tech Exec's Alleged Stock Theft
Credit Suisse has urged a New York federal judge to let it out of a lawsuit by an Aeva Technologies co-founder who claims the banking giant provided "institutional cover" to conspirators who allegedly stole tens of millions of dollars, arguing that it also fell victim to the scam.
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November 24, 2025
Schwab's Antitrust Deal Gets Final OK Over Objections
The Charles Schwab Corp. and a group of investors Monday received a Texas federal judge's final approval of a settlement of a lawsuit challenging the financial services company's merger with TD Ameritrade on antitrust grounds, following dozens of objections by the Iowa attorney general and others.
Expert Analysis
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Series
Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
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Series
Playing Softball Makes Me A Better Lawyer
My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.
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IPO Suit Reinforces Strict Section 11 Tracing Requirement
A California federal court's recent dismissal of an investor class action against Allbirds in connection with the company's initial public offering cites the U.S. Supreme Court's 2023 Slack v. Pirani decision, reinforcing the firm tracing requirement for Section 11 plaintiffs — even at the pleading stage, say attorneys at Paul Weiss.
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Series
Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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Courts Keep Upping Standing Ante In ERISA Healthcare Suits
As Article III standing becomes increasingly important in litigation brought by employer-sponsored health plan members under the Employee Retirement Income Security Act, several recent cases suggest that courts are taking a more scrutinizing approach to the standing inquiry in both class actions and individual matters, say attorneys at Crowell & Moring.
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How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.
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CFPB Proposal Defining Consumer Risk May Add Uncertainty
Though a recent Consumer Financial Protection Bureau proposal would codify when risks to consumers justify supervisory intervention against nonbanks, furthering Trump administration plans to curtail CFPB authority, firms may still struggle to identify what could attract supervisory designation under the new rule, say attorneys at Steptoe.
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Atkins-Led SEC Continues Focus On Private Funds
Since the change in administration, there has overall been a more accommodative regulatory stance toward private funds, but a recent enforcement action suggests that the U.S. Securities and Exchange Commission is not backing off from enforcement in the space completely, say attorneys at Simpson Thacher.
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9th Circ. Ruling Leaves SEC Gag Rule Open To Future Attacks
Though the Ninth Circuit's recent ruling in Powell v. U.S. Securities and Exchange Commission leaves the SEC's no-admit, no-deny rule intact, it could provide some fodder for litigants who wish to criticize the commission's activities either before or after settling with the commission, says Jonathan Richman at Brown Rudnick.
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Series
Writing Musicals Makes Me A Better Lawyer
My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.
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Series
Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
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Rebutting Price Impact In Securities Class Actions
Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.
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7 Document Review Concepts New Attorneys Need To Know
For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.
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Stablecoin Committee Promotes Uniformity But May Fall Short
While the Genius Act's establishment of the Stablecoin Certification Review Committee will provide private stablecoin issuers with more consistent standards, fragmentation remains due to the disparate regulatory approaches taken by different states, say attorneys at Morgan Lewis.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.