Asset Management

  • August 24, 2026

    Kalshi Fights To Keep NY Betting Case In Federal Court

    Prediction market giant Kalshi is fighting to keep New York's suit targeting its sports event contracts in federal court, punching back at the state's contention that those offerings should be subjected to state-level gambling regulations.

  • August 24, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court last week saw a wave of lawsuits involving corporate oversight, take-private deals, financing transactions, bankruptcy fallout, stockholder voting rights and disputes over control.

  • August 24, 2026

    Feds Seek Early End To Commodities Firm Bribery Case DPA

    Federal prosecutors have moved to release a Connecticut-based commodities firm from a deferred prosecution agreement nearly four months early, telling a judge Monday that Freepoint Commodities LLC has satisfied its obligations and paid more than $106 million to resolve allegations that it bribed Brazilian government officials.

  • August 24, 2026

    Foley-Led NVent Buys Maverick Power For Up To $2.3B

    Foley & Lardner LLP-advised electrical connection and equipment company nVent Electric PLC on Monday revealed it has agreed to buy Maverick Power, which provides infrastructure solutions for data centers as well as other services, for up to $2.3 billion.

  • August 24, 2026

    Building Products Co. Narrows Suit Over 401(k) Options, Fees

    An Illinois federal judge trimmed a proposed class action against a building products company and its investment manager alleging that workers lost millions on underperforming 401(k) funds and excessive fees in their retirement plan, while leaving the door open for the ex-workers who sued to revise their claims.

  • August 21, 2026

    6th Circ. Revives Freddie Mac Subprime Suit From '08 Crash

    The Sixth Circuit Friday revived a long-running securities suit brought by the Ohio Public Employees Retirement System against Freddie Mac and several of its former executives, holding that a district court erred in granting a summary judgment win for the government-backed enterprise and also denying class certification.

  • August 21, 2026

    BSTR Ends $1.5B SPAC Deal Amid Bitcoin Market Woes

    Bitcoin treasury company BSTR Holdings has terminated a merger with special purpose acquisition company Cantor Equity Partners I Inc. that would have provided BSTR with up to $1.5 billion in financing in a go-public deal.

  • August 21, 2026

    Investor Keeps $6.9M Del. Award But Loses Legal Fees

    The Delaware Supreme Court on Friday upheld a roughly $6.9 million damages award to a former investor in a Philadelphia-area EB-5 investment business but overturned nearly $260,000 in attorney fees, finding the investor waited too long to argue that the fees were part of his damages.

  • August 21, 2026

    11th Circ. Ruling Could Help ERISA Suits Survive Until Trial

    The Eleventh Circuit's decision to reopen a suit from a former Royal Caribbean worker claiming 401(k) participants lost millions on underperforming target-date funds could make it easier for plaintiffs to get to trial in cases accusing companies of retirement plan investment picks that violate federal benefits law, attorneys said.

  • August 21, 2026

    Steadfast Inks $5.5B Buyout Deal With KKR, Dragoneer

    Mallesons-advised Steadfast Group has agreed to be acquired by a consortium backed by investment firms Dragoneer Investment Group and KKR for about AU$7.7 billion ($5.5 billion), the Australian insurance broker said Friday.

  • August 21, 2026

    Taxation With Representation: Fenwick, Hengeler Mueller

    In this week's Taxation With Representation, Santander SA completes its acquisition of U.S. regional lender Webster Financial Corp., financial services company Stripe buys artificial intelligence routing platform OpenRouter and Madison Air Solutions Corp. acquires German airflow technology maker ebm-papst.

  • August 20, 2026

    Simpson Thacher-Led Franklin Templeton Wraps $1.5B CFO

    Simpson Thacher & Bartlett LLP-advised investment firm Franklin Templeton on Thursday announced that it closed its inaugural collateralized fund obligation with $1.5 billion in committed capital from global investors.

  • August 20, 2026

    Adviser, Startup To Pay SEC $266K For Taking Client Data

    The U.S. Securities and Exchange Commission has secured a nearly $266,000 judgment against a California-based investment adviser and his firm, and banned him from practicing for three years after he allegedly emailed himself confidential client information from his former employer and used it to launch his own investment firm.

  • August 20, 2026

    Entertainment-Focused VC Firm Wraps $250M Fund

    Interactive entertainment-focused venture capital firm Makers Fund on Thursday revealed that it has closed its latest fund with $250 million in tow, bringing the firm's total assets under management to $1.5 billion.

  • August 20, 2026

    Coal Producer Must Face Suit Over Retirement Plan Fees

    A coal company can't escape a proposed class action claiming it unlawfully allowed its employee retirement plan to pay exorbitant recordkeeping fees, an Oklahoma federal judge ruled Thursday, saying workers' allegations that other plans paid far less were sufficient to stay in court.

  • August 20, 2026

    Deutsche Bank Freed From Fed's 2017 Forex-Rigging Order

    The Federal Reserve has terminated a 2017 enforcement action that required Deutsche Bank to pay nearly $137 million over its alleged role in Wall Street's foreign exchange rate-rigging scandals.

  • August 20, 2026

    SEC Scraps Broker's Fine But Backs Trade-Clearing Ban

    The U.S. Securities and Exchange Commission said the nation's largest clearing agency was within its rights to block a now-defunct brokerage firm from using its services, but the commission said the broker would no longer have to pay a fine nor be on the hook for attorney fees for appealing the decision.

  • August 20, 2026

    Firm Investor Sues In Chancery Over Alleged 'Corporate Coup'

    An investment executive has sued in the Delaware Chancery Court to undo what he calls a "corporate coup d'etat" that allegedly stripped him of his power over an investment company by changing its bylaws without the supermajority vote he says was required.

  • August 20, 2026

    KKR Lobs $9B Takeover Offer At UGI, Plus More Rumors

    Private equity behemoth KKR offered to acquire natural gas distributor UGI Corp. for $9 billion, fast-fashion company Shein is eyeing a $25 billion valuation ahead of its anticipated Hong Kong initial public offering, and e-commerce giant Alibaba sold its game developer business to Trustar Capital in a $2 billion deal. Here, Law360 breaks down the notable deal rumors from the past week.

  • August 19, 2026

    German Entrepreneur's Dad Can't Nix SEC Tab, 1st Circ. Rules

    The First Circuit on Wednesday affirmed a judgment against the father of German billionaire Michael Gastauer, saying the parent "waited too long" to object to a lower court's personal jurisdiction over him as a relief defendant in a case concerning his son's alleged participation in an international pump-and-dump scheme.

  • August 19, 2026

    9th Circ. Sides With PennyMac In Fixed LIBOR Fallback

    The Ninth Circuit on Wednesday rejected a shareholder's claim that PennyMac Mortgage Investment Trust was required to replace discontinued LIBOR with a newer floating rate when calculating preferred-share dividends, holding that the federal LIBOR Act allowed for a contractual fixed fallback rate.

  • August 19, 2026

    3rd Circ. Urged To Revisit Arbitration Doctrine In Award Fight

    An asset management firm required to pay about $11 million in administrative fees and interest has asked the Third Circuit to reconsider its opinion upholding a doctrine under which arbitrators are barred from revisiting their prior decisions, saying it conflicts with binding Third Circuit precedent.

  • August 19, 2026

    Outcome Health Execs Owe $270M And Counting For Fraud

    Former Outcome Health executives who were convicted of a $1 billion fraud against investors, lenders and customers must repay $270.8 million to certain victims, though that amount will climb higher with additional calculation, an Illinois federal judge said Wednesday.

  • August 19, 2026

    SEC Seeks $850K From Disbarred Calif. Atty

    The U.S. Securities and Exchange Commission asked a Texas federal judge Wednesday to order a disbarred California attorney to pay more than $850,000 in disgorgement and civil penalties for his alleged participation in a $112 million pump-and-dump fraud scheme, arguing a maximum penalty is warranted "based on his egregious misconduct."

  • August 19, 2026

    OCC Advancing Stablecoin Rule At 'Great Speed,' Gould Says

    The Office of the Comptroller of the Currency plans to issue the main rule establishing its stablecoin oversight framework by November and expects to be ready to process issuer licensing applications as soon as January, the agency's top official said Wednesday.

Expert Analysis

  • Series

    Officiating Football Makes Me A Better Lawyer

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    Though they may seem to have little in common, officiating football has sharpened many of the same skills that define effective lawyering in management-side labor and employment: preparation, judgment, composure, credibility and ability to make difficult decisions in real time, says Josh Nadreau at Fisher Phillips.

  • Prediction Market Platform Probes Merit Strategic Responses

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    As the battle over the regulation of prediction markets is being waged between states and the federal government, investigations into insider trading allegations are increasingly originating from inside the exchanges themselves, creating obvious risks for market participants — as well as opportunities, say attorneys at Kobre & Kim.

  • Series

    Law School's Missed Lessons: How To Draft Pleadings

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    Most law school graduates step into their first jobs without ever having drafted a complaint, answer, motion or other type of pleading, but that gap can be closed by understanding the strategy embedded in every filing, writing with clarity and purpose, and seeking feedback at every step, says Eric Yakaitis at Haug Barron.

  • Mitigating Multistate Risks As California Expands Tax Reach

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    Though California's new sourcing rules and extension of the pass-through entity election have created uncertainty, practitioners should file protective returns to respect the law's ambiguity and take certain other steps to protect clients from the costs of losing a future audit, says attorney Delina Yasmeh.

  • E-Discovery Quarterly: Recent Rulings On ESI Control

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    Several recent federal court decisions have perpetuated a split over what constitutes “control” of electronically stored information — with judges divided on whether the standard should turn on a party's legal right or practical ability to obtain the information, say attorneys at Sidley.

  • How Banks Can React To Risks In FinCEN Whistleblower Rule

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    Financial institutions should reassess and, if necessary, strengthen existing policies, procedures and other frameworks related to whistleblowers and internal reporting in light of the Financial Crimes Enforcement Network's recent proposal to formalize a whistleblower award program, say attorneys at Arnold & Porter.

  • 2 Discovery Rulings Break With Heppner On AI Privilege Issue

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    While a New York federal court’s recent ruling in U.S. v. Heppner suggests that some litigants’ communications with AI tools are discoverable, two other recent federal court decisions demonstrate that such interactions generally qualify for work-product protection under the Federal Rules of Civil Procedure, says Joshua Dunn at Brown Rudnick.

  • Series

    Isshin-Ryu Karate Makes Me A Better Lawyer

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    My involvement in martial arts, specifically Isshin-ryu, which has principles rooted in the eight codes of karate, has been one of the most foundational in the development of my personality, and particularly my approach to challenges — including in my practice of law, says Kaitlyn Stone at Barnes & Thornburg.

  • How CFPB Opinion Changes Earned Wage Access Definition

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    The Consumer Financial Protection Bureau's recent conclusion that earned wage access is not "credit" for purposes of Regulation Z of the Truth in Lending Act improves on prior guidance on these products in several meaningful ways, say attorneys at K&L Gates.

  • CFTC Actions Show Prediction Market Insider Trading Risks

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    It is a myth that insider trading law does not apply in prediction markets, as the U.S. Commodity Futures Trading Commission's recent enforcement actions illustrate that it has full authority to pursue such cases federally — and intends to, says attorney Gregg Goldfarb.

  • 5 Takeaways From Capital Proposals For Community Banks

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    While much commentary has centered on how federal regulators' proposed capital overhaul would affect the biggest banks, there are several aspects that regional and community institutions should note too, including the potential benefits of the expanded risk-based approach and reduced capital requirements for mortgage origination, say attorneys at Covington.

  • Opinion

    State Bars Need To Get Specific About AI Confidentiality

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    Lawyers need to put actual client information into artificial intelligence tools to get their full value, but they cannot confidently do so until state bars offer clear, formal authority on which plan tiers of the three most popular generative AI tools are safe to use when sharing specific client details, says attorney Nick Berk.

  • How Calif. Safety Worker Pension Bill Could Cost Employers

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    Public employers should carefully consider how pension costs and bargaining concerns could change under a California Legislature bill that would increase retirement benefits for safety employees like police and firefighters, which could erode previous efforts to fully fund the public retirement system without necessarily improving worker retention, says Michael Youril at Liebert Cassidy.

  • Series

    Alpine Skiing Makes Me A Better Lawyer

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    Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

  • NY Tax Talk: Calculating Tiered Partnership Income

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    Attorneys at Eversheds Sutherland discuss how the potential impact recent New York City Tax Appeals Tribunal decision in Matter of Cantor Fitzgerald holding that the entity approach should be used by tiered partnerships to compute unincorporated business tax liability, why the issue of the proper approach remains unsettled and the broader implications for federal conformity and administrative agency deference.

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