Asset Management

  • April 20, 2026

    High Court Won't Hear 3rd Circ. J&J Class Cert. Appeal

    The U.S. Supreme Court on Monday said it won't review a class certification challenge in a securities class action over Johnson & Johnson's cancer-related talc products in the latest development in a closely watched dispute over how courts evaluate class certification in shareholder suits.

  • April 20, 2026

    Justices Won't Rethink Bakery Co.'s $15.6M Pension Tab

    The U.S. Supreme Court turned down a baked goods company's bid for review of the Eleventh Circuit's finding that it owed a union pension fund up to $15.6 million, leaving in place Monday a ruling that backed the union's interpretation of pension withdrawal liability law.

  • April 17, 2026

    Drone Co. Aevex Joins Defense-Related IPOs, Raising $320M

    Drone-maker Aevex Corp. began trading Friday after raising $320 million in its initial public ‌offering, steered by a Kirkland & Ellis LLP team and with Latham & Watkins LLP advising the underwriters.

  • April 17, 2026

    4 Firms Lead Kraken's $550M Buy Of Crypto Derivatives Biz

    Four firms including Haynes Boone and Jones Day guided Kraken's $550 million acquisition of regulated crypto derivatives exchange Bitnomial, according to a Friday announcement from Kraken.

  • April 17, 2026

    Macquarie Selling Romanian Grid Network For About $825M

    Premier Energy Group said Friday it has agreed to acquire Romania-based electricity distributor Distributie Energie Oltenia, or DEO, from funds managed by Australia's Macquarie Asset Management for about €700 million ($825 million).

  • April 17, 2026

    Lockheed Can't Slip Workers' 401(k) Self-Dealing Suit

    Lockheed Martin can't escape a proposed class action alleging the company breached fiduciary duties under federal benefits law by offering underperforming proprietary target-date fund offerings in several employee 401(k) plans worth approximately $50 billion, after a New Jersey federal judge largely refused to toss the dispute.

  • April 17, 2026

    Latham Leads Kailera's $625M IPO In Obesity Drug Push

    Obesity biotech Kailera Therapeutics made its public debut Friday, raising $625 million in an upsized initial public offering that represents one of the largest biotech IPOs in recent years.

  • April 17, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen Aston Martin file an appeal in a row with Chinese carmaker Geely over its winged logo for London black cabs, Ineos sue Ben Ainslie's America's Cup team for a £180 million ($244 million) boat, White & Case face a claim from two energy storage companies, and a golf tour company bring a claim against Saudi Arabia's sovereign wealth fund after the fund invested in its rival.

  • April 17, 2026

    4th Circ. Says Merrill Bonus Plan Exempt From ERISA

    The Fourth Circuit on Friday refused to revive an ex-Merrill financial adviser's proposed class action claiming he was shorted deferred compensation, backing a lower court's holding that the retention bonuses at issue were exempt from federal benefits law.

  • April 17, 2026

    Sumitomo's $4.5B Tri Pointe Deal Clears Antitrust Review

    Japanese logging company Sumitomo Forestry Co.'s $4.5 billion all-cash acquisition of U.S. homebuilder Tri Pointe Homes has met an antitrust review requirement for closing the merger, Tri Pointe said in a securities filing.

  • April 16, 2026

    Latham-Led Nuclear Power Supplier X-Energy Eyes $750M IPO

    X-Energy Inc., which develops advanced nuclear reactors and fuel technology, is looking to raise $750 million in an upcoming initial public offering guided by Latham & Watkins LLP, the company has announced.

  • April 16, 2026

    Sentencing Commission Votes To Enact Modest Reform Agenda

    The U.S. Sentencing Commission on Thursday voted to enact multiple revisions to the federal sentencing guidelines, including the first inflationary adjustment in over a decade for calculating penalties for economic crimes, but declined to take action on a series of more transformational changes that were under consideration.

  • April 16, 2026

    Calif. Trader Raised $40M In Ponzi-Like Fraud, Feds Say

    The head of a California-based trading firm has been accused by federal prosecutors and the U.S. Securities and Exchange Commission of defrauding at least 400 investors out of about $40 million with false representations about his success and Ponzi-like payments.

  • April 16, 2026

    OCC Lifts JPMorgan's Trade Surveillance Consent Order

    The Office of the Comptroller of the Currency said Thursday it has ended a Biden-era consent order with JPMorgan Chase over its trade surveillance monitoring, which was at the center of hundreds of millions of dollars in fines for the banking giant two years ago.

  • April 16, 2026

    Gibson Dunn-Led Diginex Snags Resulticks In $1.5B Deal

    Gibson Dunn & Crutcher LLP-advised Diginex Ltd. on Thursday announced plans to acquire customer engagement solutions provider Resulticks Global Companies Pte. Ltd., led by Baker McKenzie Wong & Leow, in an all-share deal valued at $1.5 billion.

  • April 16, 2026

    Fla. Panel Upholds Ex-Worker's Postclaim Arbitration Deal

    A Florida state appellate panel on Wednesday barred a woman from pursuing sexual discrimination allegations against her former employer in court, saying she agreed to arbitrate her claims in a settlement that followed her initial U.S. Equal Employment Opportunity Commission charge. 

  • April 16, 2026

    Optimum Defends Antitrust Suit Against Apollo, BlackRock

    Apollo, Ares, BlackRock and other financial giants are colluding to block Optimum Communications Inc. from negotiating a debt refinancing to avert bankruptcy, acting as a "cartel" and locking Optimum out of credit markets, Optimum said in a brief opposing the investors' bid to dismiss its antitrust suit in New York.

  • April 16, 2026

    Kirkland-Led Madison Air Prices Largest IPO Of 2026 At $2.2B

    Air ventilation and filtration company Madison Air Solutions made its public trading debut Thursday after pricing a blockbuster $2.2 billion initial public offering, marking the largest IPO of 2026 so far.

  • April 16, 2026

    Ky. Conforms To Fed. Tax Changes, Nixes Tax Threshold

    The Kentucky General Assembly overrode the governor's veto of a bill that eliminates its sales tax nexus transaction threshold, levies sales tax on data brokering services and will conform the state's tax code with some provisions of the Internal Revenue Code.

  • April 16, 2026

    DOL Benefits Chief Pressed On Labor Secretary's Conduct

    The head of the U.S. Department of Labor's employee benefits arm faced tough questions from House Democrats at an oversight hearing Thursday, fielding questions about the labor secretary's on-the-job conduct as well as the DOL's take on mental health parity enforcement. 

  • April 16, 2026

    Davis Polk, Ropes & Gray Lead Defense Tech Firm Arxis' $1.1B IPO

    Bloomfield, Connecticut-based aerospace parts manufacturer Arxis said it raised $1.1 billion after pricing shares at the top of their range in a Thursday initial public offering advised by Davis Polk & Wardwell LLP and Ropes & Gray LLP.

  • April 15, 2026

    Trump Defends DOJ Investigation Of 'Incompetent' Fed Chair

    President Donald Trump expressed support Wednesday for the U.S. Department of Justice continuing to investigate Federal Reserve Chair Jerome Powell over the Fed's headquarters renovation, saying the government must "find out what happened" with the project's $2.5 billion price tag.

  • April 15, 2026

    Risk Retention Group's $13M Arbitration Win Confirmed

    A pair of reinsurers must pay out a more than $13 million arbitration award issued to a risk retention group for its reimbursement of a policyholder's costs to correct federal financial filings, a Vermont federal court ruled, rejecting claims that the arbitrator was biased and improperly refused to relitigate coverage.

  • April 15, 2026

    Ace Secures $228M Across 2 Flagship Funds Despite Volatility

    Global investment group Ace & Company on Wednesday revealed that it secured a total of $228 million of capital commitments across two of its flagship funds in the first quarter of the year, a feat that the firm said came during "significant" market volatility and "heightened" geopolitical uncertainty.

  • April 15, 2026

    Cvent Investors Reach $12M Deal To End Take-Private Suit

    Stockholders of cloud-based event management technology provider Cvent Holding Corp. have reached a $12 million settlement with the company, its top brass and its controlling shareholder over claims that they breached their fiduciary duties in connection with the company's $4.6 billion take-private sale to affiliates of Blackstone Inc.

Expert Analysis

  • Series

    Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

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    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • Opinion

    It's Time For The Judiciary To Fix Its Cybersecurity Problem

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    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Series

    Writing Novels Makes Me A Better Lawyer

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    Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler.

  • SEC's No-Action Relief Could Dramatically Alter Retail Voting

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    The U.S. Securities and Exchange Commission recently cleared the way for ExxonMobil to institute a novel change in retail shareholder voting that could greatly increase voter turnout, granting no-action relief that represents an effective and meaningful step toward modernizing the shareholder voting process and the much-needed democratization of retail investors, say attorneys at Cozen.

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

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    The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.

  • Dropped Case Shows SEC Focus On Independent Directors

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    The U.S. Securities and Exchange Commission's recent liquidity rule case against Pinnacle Advisors, despite its dismissal by the commission, serves as a reminder that the SEC expects directors to embrace their role as active, probing fiduciaries, says Dianne Descoteaux at MFDF.

  • In NY, Long COVID (Tolling) Still Applies

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    A series of pandemic-era executive orders in New York tolling state statutes of limitations for 228 days mean that many causes of action that appear time-barred on their face may continue to apply, including in federal practice, for the foreseeable future, say attorneys at Sher Tremonte.

  • Navigating The SEC's Evolving Foreign Private Issuer Regime

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    As the U.S. Securities and Exchange Commission reevaluates foreign private issuer eligibility, FPIs face not only incremental compliance costs but also a potential reshaping of listing strategies, capital access, enforcement exposure and global regulatory coordination, potential unintended effects that deserve further exploration, say attorneys at Simpson Thacher.

  • Opinion

    Expert Reports Can't Replace Facts In Securities Fraud Cases

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    The Ninth Circuit's 2023 decision in Nvidia v. Ohman Fonder — and the U.S. Supreme Court's punt on the case in 2024 — could invite the meritless securities litigation the Private Securities Litigation Reform Act was designed to prevent by substituting expert opinions for facts to substantiate complaint assertions, say attorneys at A&O Shearman.

  • Opinion

    High Court, Not A Single Justice, Should Decide On Recusal

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    As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.

  • What Cross-Border Task Force Says About SEC's Priorities

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    The formation of the U.S. Securities and Exchange Commission's cross-border task force, focused on investigating U.S. federal securities law violations overseas, underscores Chairman Paul Atkins' prioritization of classic fraud schemes, particularly involving foreign entities, say attorneys at Cleary.

  • 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.

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