Asset Management

  • August 13, 2026

    BNY Should Face Stanford Ponzi Suit In NJ, Judge Says

    A Texas federal judge recommended that a class action alleging the Bank of New York Mellon's involvement in R. Allen Stanford's Ponzi scheme be removed to New Jersey, saying the claims do not belong within the wider multidistrict litigation.

  • August 13, 2026

    Serena Williams Loses Bid To Register 'Serena Ventures' TM

    The Trademark Trial and Appeal Board has denied tennis star Serena Williams a trademark registration for the phrase "Serena Ventures" for her venture capital business, saying it's likely to be confused with an existing registration for "Serena" that covers overlapping services.

  • August 13, 2026

    Boeing Beats Suit Over Board's 737 Max Safety Oversight

    The Boeing Co. won dismissal Thursday of a Delaware Chancery Court derivative suit seeking to hold current and former directors and officers responsible for safety and manufacturing problems that culminated in the January 2024 Alaska Airlines door-plug blowout.

  • August 13, 2026

    CIBC Deal Ends Hedge Fund's Pharma Stock Spoofing Suit

    A lawsuit accusing major banks of manipulating a former Canadian pharmaceutical company's stock and inflicting millions in losses on a hedge fund is drawing to a close after more than five years of litigation, according to a Thursday filing in New York federal court.

  • August 13, 2026

    777 Partners Gets New DIP Offer After Contentious Hearing

    Investment firm 777 Partners told a Texas bankruptcy judge on Thursday that it had received a competing offer to fund its Chapter 11 case, two days after the judge ended a hearing on the company's bankruptcy financing by imploring the debtors to come up with an alternative proposal.

  • August 13, 2026

    Wolfspeed Escapes Investor Suit Over 'Optimistic' Projections

    A North Carolina federal judge has thrown out a proposed class action lawsuit accusing chipmaker Wolfspeed Inc. of deceiving investors about demand for its products, saying that the claims in the suit amount to "fraud by hindsight."

  • August 13, 2026

    7 States Urge Feds To Reject $85B UP, Norfolk Southern Deal

    Seven state attorneys general are urging the federal Surface Transportation Board to reject the planned $85 billion merger between Union Pacific Corp. and Norfolk Southern Corp., saying the rail giants have not shown how the deal would serve the public interest.

  • August 13, 2026

    Exec Gets 2 Years For Role In $380M Ponzi Scheme

    A former financial advisory group executive who federal prosecutors said used investor money gleaned from a $380 million Ponzi scheme to buy herself a house was sentenced Thursday to two years in prison after pleading guilty to money laundering in March.

  • August 13, 2026

    SEC May Vote To Ease Pay-To-Play Rules This Year

    The U.S. Securities and Exchange Commission has informed the White House that it could soon move forward with plans to loosen the rules around political contributions made by investment advisers, regulations that SEC Chair Paul Atkins has recently called "a trap for the unwary."

  • August 13, 2026

    5th Circ. Narrows Tax Break Ruling For Limited Partners

    A Fifth Circuit panel revised its ruling in a long-running feud over the self-employment tax exclusion for certain business partners, adjusting its interpretation of "limited partner" and narrowing its finding that a state's limited liability designation triggers the tax break.

  • August 12, 2026

    CodeRabbit Hits $1.5B Valuation After $143M Funding Round

    Artificial intelligence code review company CodeRabbit, advised by Wilson Sonsini Goodrich & Rosati PC, on Wednesday revealed that it reached a $1.5 billion valuation after raising $143 million in its latest funding round.

  • August 12, 2026

    AI Coding Startup Lovable Raises $400M At $13.3B Valuation

    Swedish artificial intelligence coding platform Lovable on Wednesday revealed that it reached a $13.3 billion valuation after raising $400 million in its latest funding round.

  • August 12, 2026

    DC Physician Group Settles ERISA Plan Mismanagement Suit

    A George Washington University-affiliated physician group has agreed to settle a suit claiming it allowed its $345 million retirement plan to be bogged down by underperforming and pricey investment funds, according to a filing Tuesday in D.C. federal court.

  • August 12, 2026

    Goldman Sachs To Buy NEOS Investments For Up To $2.25B

    Goldman Sachs said Wednesday that it has agreed to acquire NEOS Investments, a provider of options-based income exchange-traded funds, for up to $2.25 billion in cash and equity, in a transaction steered by three law firms. 

  • August 12, 2026

    Ex-Raymond James Adviser Fined After Taking $947K In Gifts

    Connecticut's banking and securities regulator has fined a onetime Raymond James investment adviser agent for borrowing $140,000 from a brokerage client, accepting $947,000 in gifts from two clients and making an inaccurate statement on a form she filed in connection with her next job at Lincoln Investment, according to a consent order.

  • August 12, 2026

    Clean Harbors Snags EnviroServe In $470M Cash Deal

    Environmental and industrial services provider Clean Harbors Inc., led by Davis Malm & D'Agostine PC, on Wednesday unveiled plans to acquire Latham & Watkins LLP-advised environmental and waste management services company EnviroServe from an affiliate of One Rock Capital Partners in a $470 million cash deal.

  • August 12, 2026

    Lakers Poised For Record $12.5B Sale To Former Disney CEO

    Former Walt Disney Co. CEO Bob Iger and venture capitalist Joshua Kushner agreed to buy the Los Angeles Lakers on Wednesday in a deal that values the historic franchise at $12.5 billion, a record figure for an American sports team.

  • August 11, 2026

    VC Fund Says SEC Has Spun 'Innocent' Lapses Into Fraud

    Venture capital firm Backswing Ventures GP LLC has urged a Florida federal court to dismiss a U.S. Securities and Exchange Commission suit, arguing the SEC has spun "innocent administrative lapses" into an alleged fraud despite evidence to the contrary.

  • August 11, 2026

    Canadian Banks Selling Moneris To Francisco For $1.4B

    Toronto-based payments company Moneris Solutions Corp. has agreed to be acquired by Francisco Partners Management LP for about CA$2 billion ($1.44 billion), as joint owners Bank of Montreal and Royal Bank of Canada look to exit the business while keeping commercial ties, the companies said Monday.

  • August 11, 2026

    'Joker' Producer Pleads Not Guilty To $100M Investment Fraud

    The producer behind the 2019 movie "Joker" and other notable projects pled not guilty Tuesday to seven federal wire fraud charges accusing him of stealing at least $100 million from investors who thought they were putting money into future projects.

  • August 11, 2026

    Apollo Sports Capital Plugs $2.6B Into NY Yankees

    The holding company of the MLB's New York Yankees on Tuesday revealed a $2.6 billion financing agreement with affiliates of Apollo Sports Capital in a deal built by three law firms.

  • August 11, 2026

    Worker Says Meijer Can't Duck Suit Over Tobacco Use Fee

    A Meijer grocery store worker on Monday urged a Michigan federal judge not to dismiss his proposed class action saying the Midwestern chain violated federal benefits laws when it imposed a tobacco use surcharge on its employees without properly communicating how the fee could be avoided or refunded.

  • August 11, 2026

    SEC Prepared To Introduce Crypto Regulations This Week

    The U.S. Securities and Exchange Commission plans to hold a meeting Friday during which it could issue a proposed rule outlining a path forward for the trading of crypto-assets under the agency's oversight.

  • August 11, 2026

    Industrial Retailer Settles Ex-Workers' 401(k) Forfeiture Suit

    An Illinois federal judge on Tuesday agreed to stay a proposed class action against industrial retailer W.W. Grainger from ex-workers who alleged the company misspent forfeitures from an employee 401(k) plan, after parties told the court they had settled their dispute.

  • August 11, 2026

    6 Firms Steer CA$6.7B Sale Of H&R REIT

    Toronto-based H&R Real Estate Investment Trust has agreed to be acquired by GO Residential Real Estate Investment Trust and a consortium of buyers, in a deal that has a CA$6.7 billion ($4.8 billion) enterprise value and was built by six law firms.

Expert Analysis

  • Series

    Competing At Poker Makes Me A Better Lawyer

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    Playing poker in male-dominated rooms taught me to treat skepticism as background noise when my opponents seem to underestimate me, to apply pressure when it matters and to adapt without losing strategic discipline — skills that are all indispensable in restructuring and insolvency matters, says Alexis Gambale at Pashman Stein.

  • Private Lender Verification Lessons From Recent Fraud Cases

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    Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.

  • 5 Things Associates Must Ask About Their Firm's Merger Plan

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    The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.

  • Uncertainty Looms After Justices' Withdrawal Liability Ruling

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    The U.S. Supreme Court's recent holding in M&K Employee Solutions v. Trustees of the IAM National Pension Fund increases the unpredictability of withdrawal liability assessments, so employers should prepare for a range of assessments and be equipped to challenge unreasonable ones, say attorneys at Winston Taylor.

  • 2 'Rocket Dockets' And The Rules That Propel Them

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    The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.

  • Opinion

    SEC Must Clarify Crypto Guidance For Investment Advisers

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    Until the U.S. Securities and Exchange Commission clarifies a conundrum created by recently issued guidance that classifies crypto tokens as digital commodities rather than securities, every registered investment adviser managing a digital commodity portfolio will be simultaneously compliant and exposed, says Nicole Trudeau at Wave Digital Assets.

  • Opinion

    Attys Should Aid Clients' AI Use While Safeguarding Privilege

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    Until legislatures enact laws expressly extending privilege to artificial intelligence queries, lawyers should try to shield their clients' case-related use of AI tools by offering them dedicated access on firms' enterprise accounts and utilizing a long-standing privilege precedent, says Joseph Rillotta at Meadows Collier.

  • What End Of SEC Settlement Gag Rule Means For Defendants

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    The U.S. Securities and Exchange Commission's recent rescinding of its gag rule prohibiting defendants from publicly denying allegations in settled SEC enforcement actions actually heightens the need to think strategically when negotiating resolutions and pursuing public denials of wrongdoing, say attorneys at Cleary.

  • SEC's Co-Investment Relief Broadens Private Market Access

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    The U.S. Securities and Exchange Commission's recent no-action letter to J.P. Morgan Investment Management permits open-end funds to co-invest with affiliates, removing a long-standing barrier open-end fund sponsors have faced in sourcing private market investments at scale, say attorneys at Debevoise.

  • Your Next Litigation Hold Should Cover AI Chat Logs

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    The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.

  • How SEC, CFTC Proposal Would Ease Private Fund Reporting

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    While the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission’s recent proposal to streamline and lighten certain confidential reporting requirements could bring welcome changes for many private fund advisers, sponsors should consider important nuances of its potential impact, say attorneys at Simpson Thacher.

  • Finding Borrower Risk In The Private Credit Covenant Mix

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    Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower risk from the particular combination of financial metrics included in a loan's covenants, not just the number of covenants, say Christopher Armstrong at Stanford University, and Carlo Gallimberti and David Tsui at Analysis Group.

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

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    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • Tax Teams Get No Bright-Line Rule From AI Privilege Cases

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    Three recent appellate decisions that considered artificial intelligence in the context of attorney-client privilege protections illustrate that taxpayers and tax practitioners alike must consider the pertinent facts on a case-by-case basis, with particular attention to confidentiality, disclosure risk and system design, say attorneys at Morgan Lewis.

  • Cuba Sanctions Shift Puts Foreign Cos. In OFAC's Crosshairs

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    A recent executive order marks an extreme shift for foreign companies whose Cuban dealings have no relation to the U.S. and are entirely lawful under the laws of their home jurisdictions, such that their existing ring-fence protocols no longer offer protection from the Office of Foreign Assets Control’s secondary sanctions, says Jeremy Paner at Hughes Hubbard.

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