Asset Management

  • January 30, 2026

    Chicago Sky's Owner Stiffing Minority Partners, Suit Claims

    The principal owner of the WNBA's Chicago Sky has shortchanged the team's minority investors to his own benefit as the popularity and value of the team and league have risen, one of the partners claimed in an Illinois state suit.

  • January 30, 2026

    Lindberg Takes $122M Contempt Order To NC Top Court

    A convicted billionaire is asking North Carolina's top court to take up his appeal seeking to overturn a $122 million contempt order against him, saying the lower court's finding that he was able to pay ignored the precarious reality of selling off a complex business asset.

  • January 30, 2026

    Mining SPAC's $270M IPO Starts Trading As 3 Firms Advise

    Shares of M‑EVO Global Acquisition Corp II began trading Friday after the blank check company priced an upsized $270 million initial public offering, selling 27 million units at $10 each, according to a company statement.

  • January 30, 2026

    Taxation With Representation: Clifford Chance, Ropes & Gray

    In this week's Taxation With Representation, real estate investment trust Apollo Commercial Real Estate Finance Inc. announces plans to sell a loan portfolio to retirement services company Athene Holding Ltd., engineering and technology company Leidos acquires Entrust Solutions Group, and Prosperity Bancshares Inc. and Stellar Bancorp Inc. announce a merger.

  • January 30, 2026

    NC Bar Urges Panel To OK Atty Discipline For Account Misuse

    The North Carolina State Bar is urging the state's appeals court to uphold the suspension of a Nash County lawyer over the alleged mishandling of his attorney trust account, arguing he admitted to the misconduct and did not show the state's ethics watchdog had abused its discretion.

  • January 30, 2026

    4 Firms Build Sale Of $622M Energy Assets To GeoPark

    Canadian oil and natural gas company Frontera Energy Corp. on Friday announced plans to sell its Frontera Petroleum International Holdings B.V. to independent energy company GeoPark Ltd. in a deal that values the assets at $622 million and was built by four law firms.

  • January 30, 2026

    Warsh Clinches Trump's Nomination For Fed Chair

    President Donald Trump is nominating former Federal Reserve Gov. Kevin Warsh to lead the central bank as its next chairman, elevating a critic of the Fed's leadership as the White House pushes against its traditional independence.

  • January 29, 2026

    Ex-Morgan Stanley Adviser Conned NBA Players, Jury Hears

    A Manhattan federal prosecutor Thursday told jurors that a former Morgan Stanley adviser defrauded three NBA players out of millions of dollars through investments in wildly marked up life insurance policies, while defense counsel said the case was built on lies by a former client.

  • January 29, 2026

    DOL Proposes Pharmacy Benefit Manager Fee Disclosure Rule

    The U.S. Department of Labor's employee benefits subagency Thursday proposed a rule to require new fee disclosures from pharmacy benefit managers, which act as intermediaries between drugmakers, pharmacies and insurers, to help managers of employee health plans ensure PBM services are reasonably priced.

  • January 29, 2026

    FINRA Fines Compliance Chief, Firm For Reg BI Failures

    The Financial Industry Regulatory Authority has fined a broker-dealer and its chief compliance officer for allegedly failing to supervise representatives' recommendations of certain risky and illiquid bonds, with the latter also agreeing to a three-month suspension.

  • January 29, 2026

    Zuora Investor Sues Over $1.7B Silver Lake Take-Private Deal

    An investor in software as service subscription software venture Zuora Inc. has opened a proposed class suit seeking damages in connection with Silver Lake Group's $1.7 billion take-private acquisition of the company, naming both Silver Lake and managing panther Joseph Osnoss and alleging breaches of fiduciary duty.

  • January 29, 2026

    2nd Circ. Backs Rental Assistance, Medicaid Fraud Conviction

    The Second Circuit has upheld the conviction of a New York City man who was sentenced to 70 months in prison for running a more than $1.8 million rental assistance and Medicaid fraud scheme.

  • January 29, 2026

    Wachtell-Led International Paper To Split Into 2 Public Cos.

    International Paper said Thursday it will split its operations into two separate publicly traded companies, retaining a North American entity while creating a new company for its Europe, Middle East and Africa operations.

  • January 29, 2026

    3 Companies Begin Trading After Raising $1.3B In IPOs

    Satellite maker York Space Systems began trading publicly Thursday after raising $629 million in its upsized initial public offering, joining Brazilian digital banking platform PicPay and insurance platform Ethos Technologies, both of which also made their public debuts Thursday.

  • January 29, 2026

    SpaceX Eyes IPO At $1.5 Trillion Value, Plus More Rumors

    Elon Musk's SpaceX is preparing plans to launch an initial public offering that would value it at a massive $1.5 trillion, Chevron is seeking better terms from Iraq before buying Russia's Lukoil assets, and cryptocurrency wallet Ledger is weighing a $4 billion U.S. IPO.

  • January 28, 2026

    Northern Trust VP Stole Millions From Elderly Client, Suits Say

    An elderly banking heiress and her nephew have sued the Northern Trust Co., alleging the wealth management firm failed to safeguard their assets from a now-former vice president who helped himself to millions of dollars of their funds.

  • January 28, 2026

    Ropes Leads Kraken-Linked SPAC's Upsized $300M Listing

    Krakacquisition, a blank check company that counts crypto exchange Kraken among its backers, began trading on Wednesday after pricing an upsized $300 million initial public offering steered by Ropes & Gray LLP and underwriter counsel Allen Overy Shearman Sterling US LLP.

  • January 28, 2026

    SEC Urged To Adopt Insider Trading Rules For Foreign Firms

    A former member of the U.S. Securities and Exchange Commission is among a trio of academics pressing the agency to write rules cracking down on insider trading at foreign companies that trade on U.S. exchanges, urging action before a congressionally mandated deadline runs out in March.

  • January 28, 2026

    BlackRock, Eclipse Lead Cellares' $257M Funding Round

    Integrated development and manufacturing organization company Cellares, which focuses on the large-scale manufacturing of cell therapies, on Wednesday announced that it closed a $257 million funding round, bringing the South San Francisco, California-based company's total capital raised to $612 million.

  • January 28, 2026

    PBGC Reports Rosy Outlook For Single, Multiemployer Plans

    The Pension Benefit Guaranty Corp.'s program backstopping the nation's private-sector pension plans reported another year of healthy finances, with an end-of-fiscal-year surplus of more than $64 billion, the agency said.

  • January 28, 2026

    Ropes-Led EAM Clinches 2nd Fund With $575M In Tow

    Ropes & Gray LLP-advised private equity shop Equality Asset Management announced Wednesday that it wrapped its second fund with $575 million in investor commitments.

  • January 28, 2026

    3rd Circ. Appears Skeptical Of Quest's Early Win In 401(k) Suit

    The Third Circuit on Wednesday pressed attorneys defending Quest Diagnostics Inc.'s pretrial defeat of a proposed class action from workers who alleged that their 401(k) savings were drained by underperforming investment funds, spotlighting the parties' disagreement over whether the lab company followed its own investment policy statement.

  • January 28, 2026

    Self-Driving Car Biz Waabi Secures $750M In New Funding

    Self-driving automobile tech company Waabi on Wednesday announced that it secured $750 million of new funding and unveiled a partnership with Uber that will be used to develop and deploy robotaxis.

  • January 27, 2026

    US Bancorp Shells Out $250K To End Workers' 401(k) Suit

    U.S. Bancorp has agreed to pay $250,000 to end a class action by participants in the company's employee 401(k) plan alleging the plan paid excessive recordkeeping fees in violation of federal benefits law. 

  • January 27, 2026

    Iowa Can't Block Schwab's Antitrust Deal, 5th Circ. Told

    A group of investors who settled with The Charles Schwab Corp. in an antitrust suit over the financial services company's merger with TD Ameritrade has urged the Fifth Circuit to dismiss an appeal filed by the state of Iowa, which had previously objected to the settlement's lack of monetary benefit to the class and proposed attorney payouts.

Expert Analysis

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • What To Expect From Justices' 401(k) Ruling, DOL Rulemaking

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    The U.S. Supreme Court's upcoming ruling in Anderson v. Intel, addressing alternative assets in defined contribution plans, coupled with the U.S. Department of Labor's recently proposed regulation on fiduciary duties in selecting alternative investments, could alleviate the litigation risk that has impeded wider consideration of such investments, say attorneys at Ropes & Gray.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Cybersecurity Must Remain Financial Sector's Focus In 2026

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    In 2026, financial institutions face a wave of more prescriptive cybersecurity legal requirements demanding clearer governance, faster incident reporting, and stronger oversight of third-party and AI-driven risks, making it crucial to understand these issues before they materialize into crises, say attorneys at Sidley.

  • Series

    Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief

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    My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.

  • Navigating The New Wave Of Voluntary Benefit ERISA Suits

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    Four recent complaints claiming that employees pay unreasonable premiums for voluntary benefit programs contribute to a trend in Employee Retirement Income Security Act class actions targeting employers and benefits consultants over such programs, increasing scrutiny of how the programs are selected, priced and administered, say attorneys at Holland & Knight.

  • Series

    Law School's Missed Lessons: How To Start A Law Firm

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    Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.

  • 5 Compliance Takeaways From FINRA's Oversight Report

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    The priorities outlined in the Financial Industry Regulatory Authority's recently released annual oversight report focus on the organization's core mission of protecting investors, with AI being the sole new topic area, but financial firms can expect further reforms aimed at efficiency and modernization, say attorneys at Armstrong Teasdale.

  • How SEC Civil Penalties Became Arbitrary: 3 Potential Fixes

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    Data shows that the U.S. Securities and Exchange Commission's seemingly unlimited authority to levy monetary penalties on market participants has diverged far from the federal securities laws' limitations, but three reforms can help reverse the trend, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

  • How Payments Law Landscape Will Evolve In 2026

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    After a year of change across the payments landscape, financial services providers should expect more innovation and the pushing of regulatory boundaries, but should stay mindful that state regulators and litigation will continue to challenge the status quo, say attorneys at Troutman.

  • How SEC Civil Penalties Became Arbitrary: The Data

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    Data regarding how the U.S. Securities and Exchange Commission has adhered to its own civil penalty rules over the past 20 years reveals that awards are no longer determined in accordance with the guidelines imposed on the SEC by the securities laws, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

  • Series

    Hosting Exchange Students Makes Me A Better Lawyer

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    Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.

  • How SEC Civil Penalties Became Arbitrary: The Framework

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    An examination of how the U.S. Securities and Exchange Commission has recently applied guidelines governing the imposition of monetary penalties in enforcement actions shows that civil penalty awards in many cases are inconsistent with the rules established to structure them, say David Slovick at Kopecky Schumacher and Phil Lieberman at Vanderbilt Law.

  • How A 1947 Tugboat Ruling May Shape Work Product In AI Era

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    Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.

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