Asset Management

  • July 02, 2026

    2nd Circ. Denies Tether, Bitfinex Bid For Class Cert. Appeal

    The Second Circuit has declined a request from digital asset companies Tether and Bitfinex to immediately review a New York federal judge's decision to grant class certification to plaintiffs accusing the companies of rigging the cryptocurrency market and costing investors hundreds of billions of dollars.

  • July 02, 2026

    Breaking Down The Vote: The High Court Term In Review

    The U.S. Supreme Court's stark ideological divisions were on full display this term, particularly as it issued long-awaited rulings in the last few days of June. Here, Law360 dives into the numbers behind this court term.

  • July 02, 2026

    Prior PE Optimism Fades With Slow First Half

    While private equity attorneys went into this year with cautious optimism that dealmaking would not see the same uncertainties from 2025, the markets remained choppy as the valuation gap between buyers and sellers made it difficult for parties to transact.

  • July 01, 2026

    'I Would've Been Fired': FDIC Expert Pans SVB's Risk-Taking

    The FDIC's banking expert testified in a California federal bench trial Wednesday that Silicon Valley Bank violated prudent banking standards by mismanaging assets before it collapsed, saying officers knew SVB was taking excessive risks but did not stop, adding that "I would've been fired" if he had managed his bank's assets the same way.

  • July 01, 2026

    Capital One 401(k) Deal Wins Final OK, $3.2M Atty Fee Award

    A New York federal judge on Wednesday awarded class counsel Capozzi Adler PC $3.2 million in attorney fees and granted final approval to a $9.6 million settlement resolving claims Capital One improperly used forfeited employee funds paid into the company's retirement plan to reduce its own contributions instead of curtailing administrative costs.

  • July 01, 2026

    Calif. Man Gets 21 Months For Sports Memorabilia Fraud

    A California resident has been sentenced to 21 months in prison after pleading guilty in December to one count of wire fraud for knowingly selling counterfeit baseball memorabilia he claimed was from MLB Hall of Famer Willie Mays.

  • July 01, 2026

    Watchdog Says DOL Needs Better Info Sharing Controls

    The U.S. Department of Labor's lack of controls over information sharing between subagencies and nongovernmental entities, including law firms and legal advocacy organizations, may have unfairly advantaged those parties with privileged investigative information, an agency watchdog reported, though use of the practice has dropped off. 

  • July 01, 2026

    DOL Nears ESG Rule Rollback As White House Review Begins

    The U.S. Department of Labor is gearing up to repeal a Biden-era rule allowing retirement fiduciaries to consider issues like climate change and social justice when choosing investments, sending the proposed repeal to the White House for review.

  • July 01, 2026

    Molson Coors Worker's Suit Over 401(k) Fund Falls Flat

    A Wisconsin federal judge shut down a worker's suit claiming beer manufacturer Molson Coors unlawfully kept a lackluster Fidelity investment fund in its $1.5 billion retirement plan, saying the worker hadn't identified a comparable fund that would have brought better returns.

  • July 01, 2026

    Kirkland Guides $10.2B Starwood Opportunistic RE Fund

    Starwood Capital Group, advised by Kirkland & Ellis LLP, has closed an opportunistic real estate fund after raising more than $10.2 billion from over 300 investors from 20 countries, a representative for the private investment firm stated Wednesday.

  • June 30, 2026

    Ex-SVB Exec Defends Bank's Risk Appetite In FDIC Trial

    Silicon Valley Bank's ex-chief financial officer defended SVB's risk appetite during a California federal bench trial Tuesday over the Federal Deposit Insurance Corp.'s claims the bank's brass mismanaged its assets, testifying SVB consistently received satisfactory regulatory ratings, took action to mitigate risks and received expert advice before SVB collapsed.

  • June 30, 2026

    Gibson Dunn, White & Case Lead KKR's $4.2B EDF Biz Deal

    Private equity firm KKR & Co., represented by Gibson Dunn & Crutcher LLP, announced Tuesday a $4.2 billion agreement to acquire the North America renewable power business operated by EDF Group, advised by White & Case LLP.

  • June 30, 2026

    SEC, CFTC Fine 2 Firms $5M For Off-Exchange Trades

    The Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission have fined an online brokerage technology company and a customer support company accused of participating in improper, off-exchange contract offerings.

  • June 30, 2026

    EagleBank To Pay $9.7M In Latest DOJ Nonprosecution Deal

    EagleBank and its parent company will pay more than $9.7 million under a nonprosecution agreement with the U.S. Department of Justice, admitting to willfully failing to implement an anti-money laundering program and allowing its former CEO's friend to carry out a fraudulent check scheme, the department announced Tuesday.

  • June 30, 2026

    Securities Cos. Hit With Spoofing Suit In Florida

    An investor is accusing Citadel Securities LLC and Virtu Americas LLC of securities violations in Florida federal court, saying in a proposed class action that the broker-dealer firms used the illegal trading strategy known as spoofing to artificially depress a technology company's market value, enriching themselves in the process.

  • June 30, 2026

    SEC Explores Rules For Novel ETFs As Filings Surge

    The U.S. Securities and Exchange Commission on Tuesday called for input on its oversight of "novel exchange-traded funds" as it contemplates potential rule updates to address the surge of unusual product filings, including those seeking to hold event contracts and crypto.

  • June 30, 2026

    Florida Car Wash Operator Secures $200M PE Investment

    Florida-based car wash operator Bubble Down Holdings LLC on Tuesday unveiled a strategic partnership with BTG Pactual Global Alternatives' Strategic Capital that includes a $200 million growth investment.

  • June 30, 2026

    Eversheds, K&L Gates Guide Empower's $340M Milliman Buy

    Empower announced Tuesday that it has agreed to acquire the retirement administration business of consulting and actuarial firm Milliman for $340 million, expanding its presence in the defined benefit pension market through a deal steered by Eversheds Sutherland and K&L Gates LLP, respectively.

  • June 30, 2026

    Plumbing Co. ESOP Trial Averted By Settlement Deal

    A California federal judge stayed deadlines Tuesday in a federal benefits class action against a plumbing company and the caretakers of its defunct employee stock ownership plan that was set for trial in September, after the parties said they'd settled their dispute Monday following mediation.

  • June 30, 2026

    Roberto Clemente's Sons Ask Justices To Review TM Dispute

    The family of baseball legend Roberto Clemente wants the U.S. Supreme Court to decide whether governments can appropriate trademarks without triggering automatic compensation after the First Circuit rejected claims stemming from Puerto Rico's use of Clemente's name and likeness on license plates and vehicle tags.

  • June 30, 2026

    Buchalter Real Estate Partner Joins Holland & Knight In LA

    Holland & Knight LLP announced that an experienced real estate finance attorney who most recently practiced at Buchalter PC has joined the firm's Los Angeles office as a partner.

  • June 30, 2026

    2 Ex-Clifford Chance Attys Say Firm Wants To Claw Back $6M

    Two former practice group leaders at Clifford Chance LLP have sued in New York federal court alleging the firm is trying to claw back nearly $6 million in total from the pair after they moved to Sidley Austin LLP early this year.

  • June 30, 2026

    Flexpoint Ford Raises $460M For SageSure Continuation Fund

    Financial services-focused private investment firm Flexpoint Ford, led by Kirkland & Ellis LLP, on Tuesday announced that it has raised over $460 million in a new single-asset continuation vehicle to extend its ownership of managing general underwriter SageSure LLC.

  • June 30, 2026

    Mitsubishi Chemical Settles Ex-Workers' 401(k) Fund Suit

    A New York federal judge agreed Tuesday to stay deadlines in a proposed class action from Mitsubishi Chemical America ex-workers who alleged their 401(k) savings were dragged down by lackluster fund offerings, after the parties told the court Monday that they had settled their dispute.

  • June 30, 2026

    Digital Realty Pays $3.5B For Blackstone Data Center Shares

    Digital Realty, represented by Latham & Watkins LLP, will pay $3.5 billion to acquire a stake in three Blackstone data centers fully leased to hyperscalers in northern Virginia, according to an announcement from the companies.

Expert Analysis

  • How SEC And CFTC Are Attempting To End Their 'Turf War'

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    Through coordinated examinations and a shared aim to end duplicative regulation, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission's recent memorandum of understanding could represent a significant shift in the regulatory landscape for market participants subject to the jurisdiction of both agencies, say attorneys at Jenner.

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • Series

    Pa. Banking Brief: All The Notable Legal Updates In Q1

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    The first quarter of 2026 brought several consequential developments for Pennsylvania financial institutions, including the state banking department's first assessment overhaul in 10 years, a bill prohibiting interchange fees on card transaction sales taxes and a federal appeals court's upholding of a $52 million enforcement action, say attorneys at Gross McGinley.

  • Getting The Most Out Of Learning And Development Programs

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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

  • AI And Threats To Privilege In Financial Sector Probes

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    The recent spotlight on the potential for artificial intelligence platforms to serve as a source for discoverable information is especially important for financial institutions to understand, as the industry navigates increasingly complex regulatory expectations and AI tools become embedded in investigative efforts, say attorneys at Jackson Lewis.

  • 'A-C-T' Agenda Signals New Regulatory Era At SEC Speaks

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    At this year's SEC Speaks, U.S. Securities and Exchange Commission Chairman Paul Atkins unveiled his ambitious A-C-T agenda — advance, clarify and transform — to align the federal securities regulatory regime with modern markets, illustrating that the conference was not merely a status update but an action plan, say attorneys at Perkins Coie.

  • Opinion

    AI Presents A Make-Or-Break Moment For Outside Counsel

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    The rapid adoption of artificial intelligence by corporate legal departments is forcing a long-overdue reset of the relationship between inside and outside counsel, and introducing a significant opportunity to shed frustrating inefficiencies and strengthen collaboration for firms willing to embrace the shift, says Intel Chief Legal Officer April Miller Boise.

  • When Class Certification Issues And Crypto Nuance Collide

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    A New York federal court's recent ruling in In re: Tether and Bitfinex highlights that crypto companies should expect courts to apply conventional class action principles to novel digital asset markets, albeit with careful attention paid to the unique features of crypto trading, say attorneys at Duane Morris.

  • Series

    Watching Hallmark Movies Makes Me A Better Lawyer

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    I realize you may be judging me for watching, and actually enjoying, Hallmark Channel movies, but the escapism and storylines actually demonstrate qualities and actions that lead to an efficient, productive and positive legal practice, says Karen Ross at Tucker Ellis.

  • Opinion

    AI Doc Ruling Got Privilege Analysis Wrong

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    Broad reasoning used by a New York federal judge in U.S. v. Heppner — to determine the criminal defendant's interactions with a generative artificial intelligence platform were not protected — mistakenly treats AI use as dispositive disclosure to a third party and adopts an unduly narrow conception of work product, say attorneys at Lankler Siffert.

  • Assessing Potential Legal Claims From Private Credit Turmoil

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    Amid the downturn in the private credit markets spurred by multiple high-profile bankruptcies, a New York lawsuit stemming from the collapse of First Brands provides an important case study for investors to help minimize future losses and maximize any potential recovery in the event of a private credit default, say attorneys at Bleichmar Fonti.

  • How Iran War Might Reshape Proxy Contests This Year

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    The Iran war may function as a short-term poison pill for proxy contests, not because it strengthens corporate defenses, but because it increases the risks associated with activist commitments, say attorneys at Sidley.

  • What FINRA Enforcement Changes Mean For Investigations

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    It is essential for in-house counsel and compliance officers to familiarize themselves with the Financial Industry Regulatory Authority's recently announced changes to its enforcement program, which offer both clearer visibility into FINRA's expectations and a valuable opportunity to strengthen regulatory readiness, say attorneys at Eversheds Sutherland.

  • Agentic AI Use May Trigger Existing Consumer Finance Laws

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    As artificial intelligence agents interact more and more with payment systems, financial institutions should be cognizant of how existing consumer protection laws like the Equal Credit Opportunity Act apply when transactions are executed by automated systems rather than individuals, noting authorization and liability gaps, say attorneys at Sheppard.

  • SEC Guidance Further Solidifies Status Of Tokenized Assets

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    The U.S. Securities and Exchange Commission recently released a statement that tokenized securities are securities governed by traditional securities laws, representing continued regulatory clarity and the development of expanded technical standards and risk management guidelines that can only improve the long-term viability of financial markets, say attorneys at Barnes & Thornburg.

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