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Asset Management
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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.
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November 24, 2025
FTC Abandons In-House GTCR Merger Case After Court Loss
The Federal Trade Commission formally dropped its administrative case challenging GTCR BC Holdings LLC's acquisition of a medical coatings supplier after an Illinois federal judge refused to put the deal on hold.
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November 24, 2025
X-energy Raises $700M To Expand Nuclear Reactor Projects
Nuclear reactor maker X-energy Reactor Company LLC, advised by Latham & Watkins LLP, on Monday revealed that it wrapped its latest funding round after receiving $700 million from investors.
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November 24, 2025
CFTC Says 'Young Pros' Investment Firm Bilked $1M
The U.S. Commodity Futures Trading Commission has accused two men of using their unregistered investment group to defraud over 30 investors out of $1 million with false promises of returns.
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November 21, 2025
Florida Sues ISS, Glass Lewis Over ESG Advice
The state of Florida is suing Institutional Shareholder Services Inc. and Glass Lewis & Co. LLC, alleging that the proxy advisory firms are abusing their dominant place in the market by promoting ideological and environmental causes "at the expense of traditional metrics of financial growth."
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November 21, 2025
Bankers Press Congress To Pass 'Critical' AML Reporting Bill
The American Bankers Association and 50 state bankers groups are urging congressional leaders to pass proposed legislation to increase dollar thresholds for anti-money laundering reporting, saying it would be a "critical element" of modernizing illicit finance rules for banks.
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November 21, 2025
3 Firms Guide American Healthcare REIT's Public Offering
American Healthcare REIT Inc., guided by Sidley Austin LLP, announced a public offering for 8.1 million of its common stock shares, which are underwritten by Paul Hastings LLP-led RBC Capital Markets in a deal partially guided by Venable LLP, according to a U.S. Securities and Exchange Commission filing.
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November 21, 2025
Escrow Agent Accused Of $4.6M 'Insider Payoff' In NC Sale
Stewart Title Guaranty Co. facilitated the unauthorized sale of a financially struggling luxury apartment complex and then handed a $4.6 million "insider" payout to one of the operating owners, according to a lawsuit by a real estate investment trust that claims it was cut out of the decision process.
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November 21, 2025
Conn. Banking Chief Says Private School Fraud Topped $5.1M
Putnam Science Academy, a private high school in Northeastern Connecticut, owes an additional investor money in what is alleged to have been an affinity fraud scheme that topped $5.1 million, according to an amended order by the state banking commissioner.
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November 21, 2025
BNY Mellon Cleared By Jury Of Unjust Enrichment Claim
A New York federal jury has cleared Bank of New York Mellon of allegations of unjust enrichment from a contractor who claimed his investment valuation model had been misappropriated.
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November 21, 2025
SPAC Veterans Back Infinite Eagle's Filing For $300M IPO
Infinite Eagle Acquisition, the 10th blank check company led by Jeff Sagansky and Harry Sloan, has filed plans to raise up to $300 million in its initial public offering.
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November 21, 2025
Veolia Inks $3B US Waste Deal As Enviri Preps GC-Led Spinoff
France's Veolia Environnement SA will buy Clean Earth from Philadelphia-based Enviri Corp. for $3.04 billion in cash, in a deal that will double Veolia's U.S. hazardous waste operations and create an Enviri spinoff headed by Enviri's general counsel, the companies said Friday.
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November 21, 2025
SEC, Virtu To Settle Customer Data Suit For $2.5M
Virtu Financial Inc. has agreed to pay the U.S. Securities and Exchange Commission $2.5 million for allegedly failing to safeguard customer information, according to a Friday proposed final order that would end the regulator's two-year-old suit against the broker-dealer.
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November 21, 2025
Hall Chadwick SPAC Begins Trading After $180M IPO
Special purpose acquisition company Hall Chadwick Acquisition Corp. made its public debut on the Nasdaq on Friday after raising $180 million in its initial public offering built by three law firms, joining a wave of special purpose acquisition companies to go public in recent weeks.
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November 20, 2025
Fed's Cook Says AI Could Either Steady Wall Street Or Rig It
Federal Reserve Board Gov. Lisa Cook said Thursday that the use of artificial intelligence in algorithmic trading in financial markets has the potential to improve on current trading, but it also has the potential to create "risks that are difficult to monitor or mitigate."
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November 20, 2025
Target Investors' Pride Month Merch Suit Shipped To Minn.
A consolidated set of shareholder class actions against Target Corp. over its 2023 Pride Month marketing campaign has been relocated from Florida to Minnesota, where the company is headquartered.
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November 20, 2025
SEC's Uyeda Says ERISA Needs Litigation Reform To Curb Suits
U.S. Securities and Exchange Commission member Mark Uyeda called for litigation reform Thursday aimed at stopping lawsuits filed under the Employee Retirement Income Security Act that he said discourage retirement plan fiduciaries from investing in the private markets.
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November 20, 2025
Lindberg's Fla. Suit Fighting $524M Award Nixed Over Venue
A Florida federal judge on Thursday dismissed disgraced insurance mogul Greg Lindberg's lawsuit seeking to pause enforcement of a $524 million arbitral award, saying Florida is the wrong venue for the dispute.
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November 20, 2025
Journalist Jailed For Contempt, Fined For Stealing Court Mug
A Texas federal judge ordered U.S. marshals Thursday to haul a onetime conservative journalist to a nearby jail for contempt of court and separately fined him $1,000 for stealing a court coffee mug, saying he had had it with the defendant's "shenanigans."
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November 20, 2025
Hedge Fund Can Register $1.4B PDVSA Judgment In Delaware
Affiliates of hedge fund Gramercy won permission Thursday to register New York judgments totaling more than $1.4 billion against Venezuela's state-owned oil company in Delaware, where a long-awaited auction of Venezuela's most significant seizable asset to satisfy creditors owed some $20 billion is drawing to a close.
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November 20, 2025
Big Beer, Bots And Billion-Dollar Bids Top Week's Rumors
Private equity dealmaking and artificial intelligence investment continued to generate a steady flow of market chatter this past week, as reports pointed to fresh fundraising efforts, potential take-private bids, and early-stage talks across the technology, energy and consumer sectors.
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November 20, 2025
Investment Adviser Admits 2-Year Client Swindling Scheme
An investment adviser charged with running a two-year fraud scheme in which he convinced investors to put money toward non-existent business opportunities admitted Thursday that he is guilty of the government's allegations.
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November 20, 2025
FTC Withdraws In-House GTCR Merger Case
The Federal Trade Commission withdrew its administrative case challenging GTCR BC Holdings LLC's acquisition of a medical coatings supplier to consider whether to drop the case entirely after an Illinois federal judge refused to put the merger on hold.
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November 20, 2025
Nokia, Tesi Plug €100M Into Partnership With AI Defense Biz
Telecommunications giant Nokia and European artificial intelligence lab NestAI on Thursday announced a strategic partnership for AI-powered defense solutions, featuring a €100 million ($115.4 million) investment into NestAI by Nokia and Finnish investment company Tesi.
Expert Analysis
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Series
Teaching Trial Advocacy Makes Us Better Lawyers
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.
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Navigating Brazil's Regulations, Incentives For Green Projects
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.
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Series
Adapting To Private Practice: From Texas AUSA To BigLaw
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.
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Advice For 1st-Gen Lawyers Entering The Legal Profession
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.
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What FDIC's Asset Threshold Raise Would Mean For Banking
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.
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2nd Circ. Ruling Gives Banks Shield From Terrorism Liability
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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Patterns And Trends In Publicly Filed Insider Trading Policies
An assessment of insider trading policies filed by over 60 issuers reveals a range of common approaches and a few differences with respect to key policy terms, including the parties covered, the scope of prohibited activities and the exceptions to these prohibitions, say attorneys at Debevoise.
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Series
Coaching Cheerleading Makes Me A Better Lawyer
At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.
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How New Texas Law Targets ESG Proxy Advice
A recently enacted Texas law represents a major shift in how proxy advisory services are regulated in Texas, particularly when recommendations are based on nonfinancial factors like ESG and DEI, but legal challenges underscore the statute’s broader constitutional and statutory implications, say attorneys at Bracewell.
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Series
Law School's Missed Lessons: How To Make A Deal
Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.
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From Clerkship To Law Firm: 5 Transition Tips For Associates
Excerpt from Practical Guidance
Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.
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Associates Can Earn Credibility By Investing In Relationships
As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.
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How The Genius Act May Aid In Fight Against 'Pig Butchering'
The recently enacted Genius Act represents a watershed moment in the fight against crypto fraud, providing new tools to freeze and recover funds that are lost to scams such as "pig butchering" schemes executed from scam factories abroad, but there are implementation challenges to watch, say attorneys at Treanor Devlin.
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Filing Clarifies FTC, DOJ's Passive Investment Stance
The antitrust agencies' statement of interest filed in Texas v. Blackrock clarifies that certain forms of corporate governance engagement are permissible under the "solely for investment" exemption, a move that offers guidance for passive investors but also signals new scrutiny of coordinated engagement, say attorneys at Stinson.
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Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling
The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.