Asset Management

  • October 01, 2026

    Walgreens Closes In On $9B Boots Sale, Plus More Rumors

    Walgreens is nearing a $9 billion sale of its British pharmacy chain Boots, private equity shop TPG closed a $10 billion climate-focused fund, and Saudi Arabia-owned oil and gas company Aramco has retained an investment bank to lead it on a restructuring plan.

  • October 01, 2026

    Verizon Can't Shut Down 401(k) Forfeiture Suit

    Verizon must face a proposed class action alleging it unlawfully chose to use forfeited retirement plan funds to cover its contribution obligations rather than plan expenses, a New York federal judge ruled, saying it would be premature to toss the case ahead of discovery.

  • October 01, 2026

    Airlines' Fight Over Colo. Sick Leave Law Heads To Trial

    A Colorado federal court has sent an airline industry group's challenge to the state's paid sick leave law to trial, finding that competing expert testimony about whether the law increases employee absences and disrupts airline services creates factual disputes that a judge cannot resolve before trial.

  • September 30, 2026

    3rd Circ. Topples Materiality Rule For Securities Suits

    The Third Circuit on Wednesday revived a securities fraud class action against pharmaceutical company Ocugen Inc., scrapping a decades-old circuit rule that treated a stock price's failure to move after a corrective disclosure as conclusive proof that an alleged misstatement was immaterial.

  • September 30, 2026

    Ropes & Gray-Led Audax Clinches New Fund With $10B

    Audax Private Debt said Wednesday it has closed its third direct-lending fund with $10 billion in tow.

  • September 30, 2026

    Latham-Led Stride Wraps $550M Sophomore Fund

    Stride Consumer Partners, advised by Latham & Watkins LLP, announced Wednesday that it has closed its second fund with $550 million in tow.

  • September 30, 2026

    Fed Finalizes Update To Open Stress Test Models

    The Federal Reserve Wednesday finalized changes to how it stress tests banks, saying that new steps, such as inviting public comment on the scenarios used in the exams, would lead to greater transparency and public accountability.

  • September 30, 2026

    Kirkland-Led Data Center Infrastructure Firm Prices $540M IPO

    Data center power provider Accelevation Holdings hit the public markets Wednesday after raising $540 million in its initial public offering steered by Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP.

  • September 30, 2026

    SEC Proposes Expanding Private Market Access

    The U.S. Securities and Exchange Commission on Wednesday issued proposals targeting funds and fund advisers while promising to grant more Americans access to the private markets, as part of Chairman Paul Atkins' efforts toward what he called "responsible retailization."

  • September 30, 2026

    Goldman, JPMorgan Beat CDS Rigging Suit For Now

    A New Mexico federal court has tossed older claims from a proposed class action accusing JPMorgan, Goldman Sachs and other large banks of conspiring to rig credit default swap auctions, after a New York court ruled on a claims release issue involving a settlement in a related decade-old antitrust case.

  • September 30, 2026

    Cognizant Inks $2.8M Deal To End 401(k) Fees Suit

    Information technology company Cognizant Technology Solutions U.S. Corp. will pay $2.8 million to resolve former employees' claims that it saddled its 401(k) plan with poor investment options and high fees, according to a filing in New Jersey federal court.

  • September 30, 2026

    Bessent Owes $910K In Taxes As Limited Partner, Wyden Says

    Treasury Secretary Scott Bessent should pay more than $910,000 in payroll taxes as a hedge fund limited partner after the Second Circuit ruled that such partners are subject to the self-employment tax, Senate Finance Committee ranking member Ron Wyden said Wednesday.

  • September 29, 2026

    Key Bank Policymaking Official To Depart Treasury

    Luke Pettit, a top U.S. Department of the Treasury official who has helped shepherd the Trump administration's financial services policy agenda will step down next month, becoming the latest federal regulatory official to decamp in advance of the midterm elections.  

  • September 29, 2026

    Kirkland, Cooley Steer Transom's SoundThinking Take-Private

    California middle-market private equity firm Transom Capital Group has agreed to acquire SoundThinking Inc. for up to approximately $159 million, the public safety technology company said Tuesday. 

  • September 29, 2026

    3 Firms Build Capitolis' $200M Deal To Acquire eSecLending

    Financial technology company Capitolis on Tuesday unveiled plans to buy eSecLending from private equity shop Parthenon Capital in a $200 million all-cash deal built by three law firms.

  • September 29, 2026

    Worker Says Pilgrim's Pride Should Face 401(k) Fund Suit

    A Pilgrim's Pride Corp. employee has told a Colorado federal judge that the comparators used to allege the company kept a riskier and worse performing contract within its retirement savings plan are sufficient to survive the company's dismissal bid, according to a response brief.

  • September 29, 2026

    Proskauer-Led Princeton Equity Clinches $1.3B Fund

    Proskauer Rose LLP-advised private equity shop Princeton Equity Group on Tuesday announced that it has wrapped its third fund with $1.3 billion of investor commitments.

  • September 29, 2026

    Agency Says Indicted Ex-Boss Can't Use Home For Bond

    The former executive director of two Connecticut housing authorities cannot use his home to secure a $500,000 bond in his federal wire fraud case, the Groton Housing Authority and related entities told the state court judge overseeing a civil case arising from his alleged theft.

  • September 29, 2026

    Del. Chancery Freezes 32.1M Talkdesk Shares In Viking Fight

    The Delaware Chancery Court on Tuesday temporarily barred Talkdesk Inc. from disposing of roughly 32.1 million shares it received through a disputed foreclosure involving founder and CEO Tiago Paiva, while ordering expedited proceedings on a claim from investors of Viking Global that the deal violated their contractual consent rights.

  • September 29, 2026

    Full 5th Circ. Asked To Review Limited Partner Tax Ruling

    A Texas-based business consulting firm urged the Fifth Circuit's full bench to review a panel's revised opinion that narrowed a tax break for limited partners, arguing it eliminated a clear test for determining which partnership members are exempt from self-employment tax.

  • September 28, 2026

    3 Firms Lead $663.7M Lifecore Biomedical Take-Private Deal

    Lifecore Biomedical Inc. on Monday unveiled plans to become a private company after it is bought by private equity shop Webster Equity Partners in a deal valued at up to $663.7 million that was built by three law firms.

  • September 28, 2026

    Policyholders Say RICO Plot 'Pillaged' Insurer's Assets

    A private equity firm and a financial services business have been hit with civil racketeering claims by the holders of a combined $5 million in PHL Variable Insurance Co. policies, but whose benefits were capped at just $300,000 during a Connecticut state-managed rehabilitation effort.

  • September 28, 2026

    State Street Must Face $8B AT&T Pension Risk Transfer Suit

    A Massachusetts federal judge on Monday released AT&T from a proposed class action filed by retirees who claim the telecom company breached fiduciary duties through its $8 billion pension risk transfer, but opened discovery on allegations that AT&T's independent fiduciary, State Street, violated federal benefits law with the deal.

  • September 28, 2026

    Insurer Seeks Exit From Pharma Co.'s $50M Creditor Dispute

    An insurer for a San Francisco pharmaceutical company told a California federal court it owes no duty to defend the company in a suit from a creditor and shareholder alleging directors and officers mismanaged the company to protect their equity, saying a creditors exclusion bars coverage.

  • September 28, 2026

    Broadfield, Loeb Guide $587M Aerospace SPAC Deal

    Aerospace and defense company Astro Digital US, advised by Broadfield LLP, on Monday announced plans to go public by merging with Loeb & Loeb LLP-led special purpose acquisition company Proem Acquisition Corp I in a deal that values it at a pro forma post-money enterprise value of roughly $587 million.

Expert Analysis

  • FTC IonQ Review Unearths A Divide In Vertical Merger Remedy

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    The Federal Trade Commission's recent split decision to close its investigation into the merger between IonQ and SkyWater Technology offers a candid window into how enforcers may approach vertical merger concerns after a string of difficult government cases, says Nicholas Cheolas at Wiley.

  • Series

    Taekwondo Makes Me A Better Lawyer

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    Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and that the best outcomes are often achieved by solving problems — all of which has improved my work as a bankruptcy lawyer, mediator and Subchapter V trustee, says Amy Denton Mayer at Berger Singerman.

  • Del. Ruling Clarifies Public Benefit Corp. Fiduciary Duties

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    In Drakes Landing v. Tilden Park, the Delaware Court of Chancery recently provided landmark guidance for directors of Delaware public benefit corporations on the fiduciary duties they owe, highlighting that change-of-control transactions may now be protected from challenge under the state's 2025 safe harbor amendments, say attorneys at Richards Layton.

  • What To Know As Legal Duty To Consider AI Takes Shape

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    While the U.K. Jurisdiction Taskforce’s recent statement on liability for artificial intelligence harms is nonbinding for both U.K. and U.S. lawyers, it highlights the importance of being able to distinguish between the availability of a tool and a professional obligation to use it, say Jonny Frank and Michael Costa at StoneTurn.

  • What Cos. Should Do During Stay Of Nasdaq Delisting Rule

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    The U.S. Securities and Exchange Commission recently approved — and subsequently stayed — Nasdaq's $5 million market value threshold for continued listing, giving companies additional time to evaluate financing opportunities, communicate with investors and consider strategic alternatives, says Joseph Lucosky at Lucosky Brookman.

  • Prepping To Use Crypto Collateral Under Ohio Ownership Law

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    Ohio's digital asset law should ease the path to using cryptocurrency as collateral, and as the October effective date approaches, lenders should update their loan documentation and diligence processes to take advantage of the new control-based perfection rules, say attorneys at Kegler Brown.

  • SEC Rulemaking Radar: The Rubber Meets The Road

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    The U.S. Securities and Exchange Commission's new rulemaking agenda shows its regulatory reset taking shape, with sweeping crypto proposals that could bring the biggest changes it has made to broker-dealer, exchange and trading compliance in decades, says Christopher Grobbel at Goodwin.

  • CFPB Complaint Portal Overhaul Signals Changing Priorities

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    The Consumer Financial Protection Bureau's updates to its consumer complaint portal and decision to cease publishing consumer complaint narratives should be viewed by companies as one component of a larger recalibration of how the CFPB collects information and allocates its supervisory and enforcement resources, say attorneys at Cooley.

  • Series

    Being In A Band Made Me A Better Lawyer

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    Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.

  • Notable Q2 Updates In Insurance Class Actions

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    After 2026's second quarter, there is more authority rejecting class certification on total loss valuation theories from courts at the federal circuit, federal district and state appellate level — along with a resolution of a novel issue of depreciation on a wildfire claim, says Kevin Zimmerman at BakerHostetler.

  • Series

    Law School's Missed Lessons: Surviving A Long Trial

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    Most of law school trial advocacy is geared toward the sprint of trying a short case, but beyond managing a cross-examination or closing argument, effectively handling the marathon of a lengthy trial requires the ability to maintain composure, organization and credibility with the jury, says Mihir Elchuri at Hirschler.

  • What B. Riley Dismissal Teaches About Governance Litigation

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    The same facts in litigation against B. Riley Financial produced three different outcomes in three courthouses, but the Court of Chancery's decision in Marchner v. B. Riley is the cleanest demonstration in years of why boards facing a government investigation often prepare for the wrong lawsuit, says Ashwin Ram at Buchalter.

  • Upping Fed, FDIC's Insider Loan Cap May Ease Bank Burdens

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    Coordinated Federal Deposit Insurance Corp. and Federal Reserve proposals to raise the 1970s-era cap for bank executives borrowing from their institutions represent a long-needed regulatory recalibration that would lighten compliance obligations caused by the outdated ceiling without diminishing the original protections against conflicts of interest, say attorneys at Ballard Spahr.

  • Series

    Going To Hardcore Shows Makes Me A Better Lawyer

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    While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are about community, focus, being prepared for the unexpected and managing chaos, says Isaac Natter at Fluet.

  • How Axing SEC Trade-Through Rule Could Reshape Markets

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    The proposed elimination of a Securities and Exchange Commission rule that mandates a price benchmark for equity securities trades could allow blockchain-based trades to compete with legacy frameworks in registered markets, potentially serving as a test case for updated regulatory models, say Alex Zozos at Superstate, and Lewis Rinaudo Cohen and Edward Leaf at Cahill Gordon.

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