Asset Management

  • 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.

  • 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.

Expert Analysis

  • Series

    Traveling Solo Makes Me A Better Lawyer

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    Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal.

  • Series

    Law School's Missed Lessons: Client Service

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    Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.

  • How Occasional Activists Have Reshaped Proxy Fights

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    The sophistication and breadth of first-time activist engagement continue to shape corporate governance and strategic outcomes, as evidenced across corporate annual meetings this summer, meaning advisers should anticipate continued innovation in tactics, increased regulatory complexity, and a persistent focus on board accountability, say attorneys at MoFo.

  • How Financial Cos. Can Prep As NYDFS Cyber Changes Loom

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    Financial institutions supervised by the New York State Department of Financial Services can prepare for two critical cybersecurity requirements relating to multifactor authentication and asset inventories, effective Nov. 1, by conducting gap analyses and allocating resources to high-risk assets, among other steps, say attorneys at Pillsbury.

  • Opinion

    Ending Quarterly Reporting Would Erode Investor Protection

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    President Donald Trump recently called for an end to the long-standing practice of corporate quarterly reporting, but doing so would reduce transparency, create information asymmetries, provide more opportunities for corporate fraud and risk increased stock price volatility, while not meaningfully increasing long-term investments, say attorneys at Bleichmar Fonti.

  • Series

    Adapting To Private Practice: 3 Tips On Finding The Right Job

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    After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.

  • Series

    Painting Makes Me A Better Lawyer

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    Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.

  • Opinion

    SEC Arbitration Shift Is At Odds With Fraud Deterrence

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    The U.S. Securities and Exchange Commission's recent statement allowing the use of mandatory arbitration by new publicly traded companies could result in higher legal costs, while removing the powerful deterrent impact of public lawsuits that have helped make the U.S. securities markets a model of transparency and fairness, say attorneys at Labaton Keller.

  • Protecting Sensitive Court Filings After Recent Cyber Breach

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    In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.

  • Despite Fraud Focus, SEC Still Targeting Technical Violations

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    The U.S. Securities and Exchange Commission under Chairman Paul Atkins has emphasized its back-to-basics strategy, focusing on identifying and combating fraud and manipulation, but at the same time, it has continued to pursue nonfraud-based actions targeting technical rule violations, a trend that will likely continue, say attorneys at Morgan Lewis.

  • Series

    Judging Figure Skating Makes Me A Better Lawyer

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    Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q3

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    The third quarter of 2025 brought legislative changes to state money transmission certification requirements and securities law obligations, as well as high-profile accounting and anti-money laundering compliance enforcement actions by the Department of Financial Protection and Innovation, say attorneys at Ropes & Gray.

  • What Ethics Rules Say On Atty Discipline For Online Speech

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    Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo.

  • Balancing The Risks And Rewards Of Private Equity In 401(k)s

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    The recent executive order directing government agencies to consider encouraging private equity and other alternative investments in 401(k) plans does not change the fundamental fiduciary calculus or reduce risk, as success with private investments will depend on careful analysis of both participant demand and fiduciary obligations, say attorneys at Jenner & Block.

  • 2 Rulings Highlight IRS' Uncertain Civil Fraud Penalty Powers

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    Conflicting decisions from the U.S. Tax Court and the Northern District of Texas that hinge on whether the IRS can administratively assert civil fraud penalties since the U.S. Supreme Court’s 2024 decision in SEC v. Jarkesy provide both opportunities and potential pitfalls for taxpayers, says Michael Landman at Bird Marella.

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